Sunday, January 11, 2009
HEADLINE: Mohamed Al Amoudi
The luck of Saudi-Ethiopian tycoon Mohamed Hussein Al Amoudi seems to have run out in Addis Ababa at present (ION 1249). One of his companies, Midroc Construction, is finding it extremely hard to pay back the $17.5 million loan that was granted to it by the Commercial Bank of Ethiopia (CBE), and for which Al Amoudi's hotel Sheraton Addis serves as collateral. Another Al Amoudi company, Elfora Agro Industries, which runs a cattle raising farm at Yabelo in Oromiya Regional State, has had its bank account frozen and two trucks impounded by the local authorities because it is behind in its rent for the land. Officials in Yabelo district would even like to auction off the offices of the company based in Debrezeit. In a final blow, the firm Bauer Midroc Foundation Specialist Plc was forced to lay off 100 workers without advance warning or compensation because it has no business contracts of its own at the moment. Dogged by financial problems, the company was forced to back out of projects to construct bridges and buildings in Addis Ababa and Nazareth. Even if some of the woes of his Ethiopian companies can be attributed to strictly financial questions, Al Amoudi has clearly made some enemies in high places and in the government and they seem determined to make life hard for him. Azeb Mesfin, wife of prime minister Meles Zenawi, counts among those enemies ever since she was involved in a murky financial dispute with the Saudi-Ethiopian magnate.The Indian Ocean Newsletter
Subscribe to:
Post Comments (Atom)
Ex-Somali Police Commissioner General Mohamed Abshir
Sultan Kenadid
Seyyid Muhammad Abdille Hassan
Sultan Mohamud Ali Shire
Designation of Al-Shabaab
SOMALI REPUBLICANS
About Us
The Foundation is dedicated to networking like-minded Somalis opposed to the terrorist insurgency that is plaguing our beloved homeland and informing the international public at large about what is really happening throughout the Horn of Africa region.
Blog Archive
-
▼
2009
(2838)
-
▼
January
(274)
- Moderate elected as Somalia president, Al-Shabab t...
- Profile of new somali president
- SOMALIA: Sharif Returns to Power as Militants
- Defeat maritime terror?
- Somalis celebrate election of Islamist president
- New Somali president sworn in amid upheaval
- Somalia's new moderate Islamist president sworn in
- New Somali president sworn in
- Hijacked on the High Seas
- Somalia's new moderate Islamist president sworn in
- Former Islamic Courts Leader elected president of ...
- Islamist leader elected Somali president
- Ukrainian military academy
- People in jubbaland state welcome results of the ...
- Somali lawmakers elect moderate Islamist president
- Somalia's elects a new president, President Shei...
- Africa's Leaders Anxiously Await Somali Presidenti...
- States ink new anti-piracy deal
- Somali MPs electing new president Somali members o...
- Fighting between Hawiye jehadist continue Hawiye ...
- Somali MPs choose new president
- Once More Into The Breach
- President gives first interview since taking offic...
- Even in exile, Somali journalists face death..Ques...
- Who do pirates call to get their cash?
- Eating In A War Zone
- Nigerian set to deploy troops to Somalia, says sen...
- Presidential contenders to display their political...
- Pirates hijack tanker in Gulf of Aden
- Ahlu Sunna takes control of provincial town (haba...
- Government In Exile; Islamists Take Over
- Somalia Falls to Islamists … Again
- Opposition MPs sworn in as Somali plan advances
- Missing Somali Teens May Be Terrorist Recruits
- Presidential elections to be held on Friday 30 Jan
- Feds Order Al Qaeda in Somalia (Al-Shabaab) Websit...
- Site of Somali Government Is Put Under Islamic Law
- Inauguration Day Terror Threat A Ruse?
- French navy foils Somali pirate attack: military
- East African Nations Condemn Return of Hardline Is...
- Ethiopian troops out of Somalia
- Why Al-Shabaab, an affiliate terrorist organizatio...
- Here's hoping
- US to send pirates to Kenya
- Yemenis in Guantanamo set to be released within th...
- Somali lawmakers delay presidential vote
- Somali Islamists to rule by sharia law in Baidoa
- Somali-Americans Head to Africa for Jihad
- Somali al-shabaab Terrorist insurgents take gover...
- Puntland leader rejects reconciliation talks in Dj...
- Ethiopian troops reach jubbalann state of somalia
- Somalis pressured to elect president this week
- Al Shabaab's Kataaib.net site pwned!
- Africa Union Condemns Al-Shabaab Takeover of Somal...
- Somali Islamist leader wants peace with Ethiopia
- Islamist fighters seize Somali government seat
- Eleven more AMERICANS arrested in Somaliland state...
- Al-Shabab Forces Take Control of TFG Centers
- Somalia-Parliament-Enlargement
- Somali parliament may delay presidential election
- Dark Day .history of Somalia .January 26, 1991.C...
- Somali talks to form unity government starts in Dj...
- AU warns of possible further suicide attacks in Mo...
- Sheik Shariif Sheik Ahmed Nominated by (ARS) ICU ...
- Somali pirates free a chemical tanker
- Somalia: “The suicide bomber was a foreigner” says...
- Islamists says AU issues should be over with dialogue
- Issue of terrorists' rights to test Obama's pledge
- Ethiopian troops complete Somali pullout
- Ethiopian troops watch Somalia’s situation on the ...
- Somalia Suicide Attack Misses Peacekeepers, Kills ...
- Somali capital marred by violence -
- Women's basketball event excites war-weary Somalis
- Industrial Shipping Enterprises Corp. Announces Re...
- U.S. watching for Iranian arms to Gaza
- The main road of Maka almukarama in the Somali cap...
- Recruited For Jihad? About 20 young Somali-America...
- Ethiopia withdraws last troops from Somalia
- Ethiopian troops to leave from Baidoa
- World and USA must relief Somaliland from terror i...
- Over 300 Yemenis volunteered for Jihad in 2008, al...
- Somalia: Puntland's new leaders want role in Djibo...
- Suicide car bomb kills 30 in Somali capital not 14
- Somalia: 30 died in shabaab suicide bomb attack in...
- " Terrorist Sympathizer, Nor Adde, the prime mini...
- hawiye jehadist vows to continue with war against ...
- INTERVIEW-Time for Somalis to compromise, says UN ...
- Al-Qaeda's Involvement in Somalia and its Ties to ...
- People & Power - The toxic truth - -Part 1 hawiye...
- Ransom for Alberta journalist dropped, hawiye gro...
- Somali pirates free Liberian tanker: NGO
- U.N. considered suspending food aid to Somalia
- Somalia: To Move Beyond the Failed State
- The tribal enclave of 'somaliland State of Somalia...
- Al-Qaeda's Involvement in Somalia and its Ties to ...
- Ex-Gitmo detainee joins al-Qaida in Yemen
- Families of hijacked ship crew rejoice after safe ...
- White-Eyed and Greasy: New Islamist threat looms i...
- Marines join counter-piracy mission
- Suicide bomber targets African Union troops in Mog...
-
▼
January
(274)
Al-Qaida in Somalia. ...
We Are Winning the War on Terrorism in Horn of Africa
The threat is from violent extremists who are a small minority of the world's 1.3 billion Muslims, the threat is real. They distort Islam. They kill man, woman and child; Christian and Hindu, Jew and Muslim. They seek to create a repressive caliphate. To defeat this enemy, we must understand who we are fighting against, and what we are fighting for.
No comments:
Post a Comment