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UAE, Ethiopia Hold Talks on Climate Action, Regional Security


UAE, Ethiopia Hold Talks on Climate Action, Regional Security

UAE Minister of State for Foreign Affairs Sheikh Shakhboot bin Nahyan held talks with Ethiopian officials on bilateral relations, with a focus on cooperation in climate action, peace and security. The UAE welcomed Ethiopia’s participation in COP32, with both sides agreeing to work together on climate initiatives launched during COP28. On regional peace and security, the discussions condemned attacks on civilians by warring parties. The ministers also recalled the High-Level Humanitarian Conference for the People of Sudan, co-hosted by the UAE, Ethiopia, IGAD and the African Union on the sidelines of the AU Summit in February 2025, underscoring the need to protect civilians and humanitarian workers. Water security also featured in the talks ahead of the upcoming UN Water Conference, to be co-hosted by the United Arab Emirates and Senegal later this year.

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Prime Capital Joins ESX, Seeks Securities Dealership Licence

Prime Capital has secured trading membership on the Ethiopian Securities Exchange (ESX) and is pursuing a securities dealership licence to expand its brokerage and investment banking services, according to Head of Business Development and Marketing Fikremarkos. The firm received its trading membership after obtaining an investment banking licence from the Ethiopian Capital Market Authority (ECMA) and meeting all ESX requirements. The licence authorises Prime Capital to execute securities tran...


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Parliament Ratifies Tax Amendment, Assigns PMO to Lead Conciliation, Imposes 10pc Penalty on Late Evidence

The Prime Minister's Office will appoint independent tax conciliators while taxpayers face a 10pc penalty for late evidence under the Federal Tax Administration Amendment ratified by Parliament last week. By shifting the selection of “conciliators” from the tax authority to the PMO, authorities aim to establish a neutral dispute-resolution system to speed up out-of-court settlements. Experts describe the move as a high-stakes reform with notable institutional risks. The legislation, pa...


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ZamZam Bank Registers Shares, Eyes Capital Market Debut

ZamZam Bank has secured approval from the Ethiopian Capital Market Authority (ECMA) to register its shares, becoming the first fully interest-free bank to complete the regulatory process for public trading. The approval covers five million existing shares worth five billion Br and one million bonus shares valued at one billion Br, paving the way for the Bank's future participation in Ethiopia's capital market. ZamZam plans to raise its capital to 15 billion Br and introduce Sharia-compliant i...