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Midroc splits leadership, restructure

Midroc Technology Group, owned by Sheik Mohammed Alamoudi, an Ethiopian-born Saudi Business Tycoon, has decided to implement a new, restructured governance system, splitting the leadership into four major administrative scopes and Chief Executive Officers (CEOs), The Reporter has learnt.

Employers Confederation vies for Al-Amoudi’s release

The newly formed Ethiopian Employers’ Confederation is preparing to request the government of the Kingdom of Saudi Arabia for the release of their colleague Sheik Mohammed Ali Al-Amoudi, Saudi-born Business tycoon and Chairman of MIDROC Ethiopia.

MIDROC Gold in hot water as crisis reaches climax

The controversy surrounding MIDROC Gold, the first large scale gold mining company in Ethiopia, reached a climax point this week when the Ministry of Mines, Petroleum and Natural Gas (MMPNG) decided to suspend the mining license of the company in the wake of a public outrage against the company in connection with an alleged environmental pollution.

Arabian power play

Since Sunday, the public have been captivated with unprecedented news. This time around it was not about the internal political unrest in the country, it was rather the arrest of Ethiopian-born Saudi tycoon Mohammad Hussein al-Amoudi by the Saudi Arabian government.