UAE to build oil pipeline between Eritrea and Ethiopia

Crown Prince of Abu Dhabi, Mohammed bin Zayed Al-Nahyan awarded the Zayed Medal to the Eritrean president and the Ethiopian prime minister. (File photo: WAM)
Updated 10 August 2018

UAE to build oil pipeline between Eritrea and Ethiopia

ADDIS ABABA: The United Arab Emirates (UAE) will build a pipeline connecting Ethiopia to the Eritrean port of Assab, state media reported Friday.
The agreement was reportedly made during discussions in Addis Ababa between Ethiopian Prime Minister Abiy Ahmed and UAE Minister of International Cooperation Reem Al-Hashimy.
The state-affiliated Fana Broadcasting Corporate did not provide details on the agreement.
Landlocked Ethiopia used an oil refinery located in Assab port for its domestic oil needs before a two-year war over the demarcation of the border broke out between the two countries in 1998, leaving some 80,000 dead before settling into a bitter cold war.
In a surprise move in June, Ethiopia's new reformist Prime Minister Abiy Ahmed announced he would finally accept a 2002 United Nations-backed border demarcation, paving the way for peace between the two nations.
Reciprocal visits by the two nations' leaders led to the resumption of flights between their capitals as well as the opening of embassies and phone lines.
The UAE, which is reportedly using the Assab port to conduct military operations against Houthi rebels in Yemen, has been seen as a key mediator in the diplomatic thaw between Ethiopia and Eritrea.


UAE, Egypt plan $20 bln spending on social, economic projects

Updated 14 November 2019

UAE, Egypt plan $20 bln spending on social, economic projects

  • Sheikh Mohammed made the announcement on Twitter during a visit to by Sisi
  • The funds will be used to establish joint strategic investment projects, specialized funds and investment tools, in a number of sectors

DUBAI: The United Arab Emirates and Egypt plan to jointly invest $20 billion in economic and social projects, under a bilateral project announced by the Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al-Nahyan on Thursday.
Sheikh Mohammed made the announcement on Twitter during a two-day visit to the UAE by Egypt's President Abdel Fattah El-Sisi.
Abu Dhabi Development Holding Company and Egypt's sovereign wealth fund will use the funds to establish joint strategic investment projects, specialized funds and investment tools, in a number of sectors, Egyptian presidential spokesman Bassam Rady said.