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Hashem Yekezare, said onWednesday.

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MessagePosté le: Mer 11 Avr - 08:55 (2018) Sujet du message: Hashem Yekezare, said onWednesday. Répondre en citant

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ADDIS ABABA, Sept. 19 (Xinhua) -- Private investment from China to Ethiopia in 2017, up to September 5, has reached more than 680 million U.S. dollars Authentic Tyler Pitlick Jersey , outpacing full 2016 figures.

Speaking to Xinhua on Tuesday, Mekonen Hailu, Ethiopia Investment Communications (EIC) Director said Ethiopia attracted close to 560 million dollars in registered investment capital from private Chinese firms in 2016.

He further said private Chinese firms' investment is the single largest foreign direct investment (FDI) source to Ethiopia in 2017 with investment from Indian and Dutch firms following in second and third positions.

Private Investment from China also was the single largest FDI source for Ethiopia in 2016, topping private investment from the likes of Turkey and India.

The majority of the investment from Chinese firms is in the manufacturing sector, taking 67.1 percent of registered capital, with the rest being from various sectors including real estate, construction Authentic Devin Shore Jersey , mining and health.

"Ethiopian government is providing tremendous incentive to private investors including availability of cheap electricity and water utilities and affordable, abundant, trainable, young labor force," said Hailu.

China is already Ethiopia's largest trading partner, with trade volume between the two nations reaching 6.15 billion dollars in 2015, while exhibiting an average growth of 22.2 percent in the last several years.

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TEHRAN, Aug. 30 (Xinhua) -- Iranian automaker, Iran Khodro(IKCO), will seal a deal with Nissan Motor Co for production oflow-budget Datsun cars, the IKCO's CEO, Hashem Yekezare, said onWednesday.

"We will enter into a contract with Japan's Datsun in the nextfew months Authentic Radek Faksa Jersey ," Yekezare was quoted as saying by Financial Tribnedaily.

IKCO's talks with Nissan for production of affordable cars ofhigh quality began in early 2016, with the Iranian automakertargeting Datsun cars in the price range of 11,500 U.S.dollars.

The production of Datsun cars can potentially enable IKCO tophase out its dilapidated models in the same price categoryincluding the Peugeot 405.

According to Yekezare, Iran levies tariffs of 40 percent forimports and 26 percent for production, which means Iraniancustomers have to buy the imported cars at bloated prices.

Officials say the tariffs are needed to protect the domesticautomotive industry.

Iran's automakers have been approaching Honda, Toyota andMitsubishi in the hope of transferring Japanese technology.Enditem

?SYDNEY, Dec. 23 (Xinhua) -- The Australian dollar has continued its slide as weak industrial metals and continued greenback support.

At the Asian open on Friday, the local unit was trading at 72.02 U.S. cents, down from 72.45 U.S. cents at Thursday's close.

Major currencies were also weaker against the greenback overnight after U.S. Economic .

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