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The Bank of Japan announces a 6 trillion yen stimulus package to help invigorate the Japanese economy.
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Italian authorities seize 23 million euro (approximately US$30 million) from a Vatican bank account in a money laundering probe.
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The bank has launched a booking system called Gate Rooms, which enables the diaspora to book hotels from where they are, the CEO revealed, adding that members of the diaspora who come to Ethiopia could easily make booking, pay, and book online.
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Jewish settlers have started building more than 600 homes in the West Bank since a building freeze expired last month.
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The government hopes that cleaning up informal mining by channeling gold sales through the central bank is a first step to making the country more attractive to investors.
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Under a USAID Development Credit Authority (DCA) agreement, this program will expand commercial bank lending into underserved areas and provide the private capital needed to help farmers and businesses intensify production, and support Ethiopia’s efforts to modernize its agricultural sector.
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The loan agreements in question are signed recently with the Chinese Export-Import (EXIM) Bank, which agreed to avail an aggregate outlay of USD 332.7 million for a highway road construction and power transmission projects envisaged to relieve the traffic congestions as well the fluctuating electric power supply in parts of Addis Ababa.
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The U.S. Agency for International Development (USAID) and Awash Bank have announced a new partnership that will make up to $6.4 million in financing available to microfinance institutions and small- and medium-sized agricultural businesses in Ethiopia.
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Israel blocks all Palestinian export of agricultural products from the occupied West Bank following Palestinian limitations on imports of Israeli cattle.
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Vietnamese banking tycoon Nguyen Duc Kien is sentenced to 30 years in prison in Vietnam on charges of tax evasion, violating state economic regulations, fraud, and running an illegal business.
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The Commercial Bank of Ethiopia (CBE) announced that it is ready to serve the 1 million Ethiopian Diaspora expected to come to their home country for twenty-four hours seven days a week and provide several financial services.
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Oswald Grübel, chief executive of Swiss bank UBS, resigns in the wake of a rogue trading scandal.
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The deputy governor of Sweden's central bank, the Riksbank, says that the country is likely to become a cashless society within the next three to five years.
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The Swiss National Bank introduces a minimum exchange rate of 1.20 CHF/EUR to prevent the overvaluation of the Swiss franc.
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Robert Zoellick, the President of the World Bank, claims that the world economy has entered the "danger zone", with the United States, European Union and Japan having to make tough decisions.
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Finance Ministers from the European Union agree to giving the European Central Bank new powers to supervise euro zone banks.
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Last week, the National Bank of Ethiopia introduced a new rule that forces depositors make a maximum of five transactions per week.
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The Ethiopian economy will maintain its growth lead for the East African region according to the latest World Bank report.
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Speaking to ENA, Commercial Bank of Ethiopia CEO, Abie Sano said the visit of 1 million Ethiopian Diaspora is a good news to the bank and the bank is making preparations to further develop packages and refresh services.
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George Osborne, the United Kingdom Chancellor of the Exchequer, announces that the tax on bank profits will become permanent.
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However, there are challenges such as lack of access to loan from banks and most of the tourism destinations are far from the capital of Ethiopia, he added
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Ethiopian gold exports surged after the central bank offered higher prices for the metal in a bid to curb smuggling and as part of wider efforts to spur investment in mining.
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National Bank of Ethiopia (NBE) has introduced a contractionary monetary policy that would be effective as of today.
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The Bank of Korea increases the main interest rate in South Korea by a quarter percentage point to 3% due to concerns over inflation.
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Wells Fargo of the United States becomes the world's largest bank by market capitalisation, replacing the Industrial and Commercial Bank of China amid an economic slowdown in China.
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