Saudi arabai arrest of prince, ministers include Mohammed Al-amoudi

Princes and top officials and Mohammed al-Amoudi remain jailed in Saudi Arabia

Saudi authorities are still holding royal family members, ministers, and top businessmen in detention, and are making more arrests months after the start of an anti-corruption crackdown, The Wall Street Journal (WSJ) reported.... Read more »
Ethiopian Team for African cup 2013

Ethiopian players promised $111,000 each if they win African Cup of Nations

ADDIS ABABA, Ethiopia – Ethiopia’s players were promised more than $100,000 each Wednesday if they win the African Cup of Nations on the country’s return to the tournament after a 30-year absence.... Read more »
Ethiopian gold

Saudi Billionaire Al-Amoudi’s Ethiopia Gold Mine Has 128 Tons Ready

National Mining Corp., a closely held company majority-owned by Saudi billionaire Mohammed al-Amoudi, said it has 128 tons of gold ready to be mined at its Okote project in south Ethiopia. “With... Read more »

The 2012 Black Billionaires List, Al-Amoudi Comes to Top

Nigerian billionaire Aliko Dangote is no longer the richest black person in the world. He’s been ousted by Ethiopian-born Saudi billionaire Sheikh Mohammed Al-Amoudi who is worth an estimated $12.5 billion. That’s... Read more »

Saudi Billionaire Mohammed al- Amoudi to Invest $3.4 Billion in Ethiopia in 5 Years

(Bloomberg) — Derba Group, an amalgam of three Ethiopian companies owned by Saudi billionaire Mohammed al- Amoudi, said it plans to invest 59 billion birr ($3.4 billion) in seven industrial projects over... Read more »

Ethiopia’s Biggest Cement Factory Inaugurated

Derba MIDROC Cement Plc, Ethiopia’s biggest cement factory, was inaugurated here on Sunday in the presence of Prime Minister Meles Zenawi and other invited guests at a ground-breaking ceremony held with in... Read more »
mohammed-alamoudi-vs-ethiopianreview

Ethiopian billionaire Mohammed Al amoudi wins libel action against  Ethiopian Review website in UK

An Ethiopian-born billionaire has won £175,000 in libel damages over allegations he had hunted his daughter down so she could be stoned to death. Mohammed Hussein Al-Amoudi was born in Ethiopia, but... Read more »
Nigerian Aliko Dangote

Forbes richest list released, Ethiopian Al Amoudi and Nigerian Aliko Dangote in the list

Forbes magazine puts Carlos Slim on the top for the second year of annual world billionaires list. According to the Forbes Mexican Telecom giant Carlos Slim’s wealth reached $74 billion increased by... Read more »