Oil and Gas Rental Services in Iraqi Kurdistan
Falcon Oilfield services division is focusing at equipment rental, warehousing and other related services.
The Best Oilfield Warehousing Services for International Oil and Gas Companies
With the vision to be the best provider of warehousing for the international oil and gas companies in Iraqi Kurdistan, Falcon Oil and Gas has expanded into warehousing niche.
The most attractive investments in Ethiopia: Agriculture, leather and textiles
“The agribusiness is a top priority for the public sector as well as the leather and textile industries,” said Getachew Regassa, Secretary General of Addis Ababa Chamber of Commerce.
Invest in Ethiopia: Incentives for international investors and businesses in Ethiopia
Ethiopian government has various packages of incentives for investors who think of Ethiopia as their next investment destination.
Ethiopia’s export commodities and export markets: Coffee, gold and fluctuating prices
Ethiopia Sector Analysis
Ethiopia’s export commodities and export markets: Coffee, gold and fluctuating prices
‘Export is a matter of life and death for us!’—say the government officials in Ethiopia. Ethiopia is exporting more than 1,800 commodities to over 45 countries across the globe. Led by coffee—the country’s flagship export item that accounts for about 65% of the total export—, a number of agricultural products (e.g. oil seeds) and gold have also been in the forefront of export for years.
Gulf Bank: Non-performing loan ratio reduced to 6.5% in 2013
Gulf Bank announced an operating profit before provisions of KD 109.4 million for the year ending 2013 (including KD 9.8 million of non – recurring income). The Bank maintained its positive trend of reducing the non-performing loan ratio (i.e ‘NPL), which decreased from 10.9 % in 2012 to 6.5 % by December 2013.
Robust economic growth of Ethiopia during the last decade contributed to poverty alleviation in the country
Ethiopia Top Stories
Robust economic growth of Ethiopia during the last decade contributed to poverty alleviation in the country
While the economy of sub-Saharan Africa grew on average by 4.9%, Ethiopian economy registered a robust growth of 7.5% in the 2012/13 fiscal year according to the latest African economic outlook. Since the 2004/2005 fiscal year Ethiopian GDP had been steadily growing by an average of 10.6% each year according to the World Bank data. This in turn pushed the country to rank among the top fastest growing economies across the globe; led by the expansion of services followed by agriculture and manufacturing.
Ethiopia: Striving to achieve a middle income status by 2025
Ethiopia Top Stories
Ethiopia: Striving to achieve a middle income status by 2025
Certain economic analysts project the country’s per capita income (currently lowest in the region) to reach up to USD 4,000 within the coming ten years. Such achievement will make Ethiopia—a country previously described as ‘the poorest country in the world’—one of the top three powerful economies on the continent.
Technostyle, a leading importer and supplier of furniture in Ethiopia, to start manufacturing locally
Amelework Ghidey, Managing Director of Technostyle
Being in the business for the last 15 years, Technostyle has managed to indentify its niche market and moved itself up the ladder to become the leader in the import and supply of furniture in Ethiopia. The company is also involved in interior design, offering unique turnkey interior solutions. By relying on the young returnees educated abroad, Technostyle aims to increase their productivity by 300% in the next five years. While currently importing from more than 15 international companies (Turkey, Italy, Malaysia, China, Singapore, Indonesia and America), Technostyle now wants to focus on local manufacturing by using 60% local materials from Ethiopia.
Ethiopia banking sector analysis: Ethiopian banks at a crossroads
Ethiopia Sector Analysis
Ethiopia banking sector analysis: Ethiopian banks at a crossroads
Thanks to the firm monetary policy of the National Bank of Ethiopia (NBE), all Ethiopian banks have survived until presence and none has been experiencing symptoms suggesting possible bankruptcy. Ethiopian banks now appear more profitable and ahead of the sub-Saharan standard. Conversely, the sector has to tackle a number of challenges including Ethiopia’s accession to the WTO.