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Ethiopia, Dubai Record Sharp Rise in Non-Oil Trade


Ethiopia, Dubai Record Sharp Rise in Non-Oil Trade

Non-oil trade between Ethiopia and Dubai reached 22.3 billion UAE dirhams in 2025, marking a sharp year-on-year increase of 236.6pc. The figures were announced following a trade mission to Addis Abeba that brought together Ethiopian and Dubai-based companies for bilateral meetings aimed at expanding investment and commercial partnerships across multiple sectors. The “Dubai–Ethiopia Business Connect” forum was organised in collaboration with the Ethiopian Investment Commission(EIC), the Ethiopian Chamber of Commerce and Sectoral Associations, (ECCSA) the Addis Abeba Chamber of Commerce, and the UAE Embassy in Ethiopia. Mohammad Ali Rashed Lootah said the mission aims to deepen economic ties and unlock new private-sector opportunities between the two markets. The delegation included 21 Dubai-based companies operating in construction materials, engineering, electronics, food and beverages, pharmaceuticals, mining, oil and gas, textiles, and garments, while 91 Ethiopian firms joined the Dubai Chamber in the first quarter of 2026, bringing total Ethiopian membership to 1,676.

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Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


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Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


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Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...