Prime Minister Abiy Ahmed came out swinging on Thursday against US threats to remove Ethiopia from a key trade pact over the humanitarian crisis in Tigray.
The prime minister’s office released a video urging the United States not to expel Ethiopia from the African Growth and Opportunity Act (AGOA), which grants eligible participants in Sub-Saharan Africa duty-free access to the US market for thousands of products.
The video highlights a woman named Saron working in an Ethiopian garment factory using the Twitter hashtag #LetHerWork. It says she is one of hundreds of thousands young women employed in Ethiopia’s AGOA-dependent industrial parks.
“With the potential for AGOA sanctions, losing this opportunity not only means loss of occupation, but also driving millions into poverty,” a voiceover states. “And women like Saron would face forced marriage and illegal migration.”
The video represents Ethiopia’s most public pushback against President Joe Biden administration’s threatened penalties on Addis Ababa over the Tigray crisis.
It comes after US Trade Representative Catherine Tai took the unusually rare step of warning her Ethiopian counterpart Mamo Mihretu in August that “the ongoing violations of internationally recognised human rights amid the ongoing conflict and humanitarian crisis in northern Ethiopia” could “affect Ethiopia’s future [AGOA] eligibility if unaddressed.”
Cameron Hudson, a nonresident senior fellow at the Atlantic Council’s Africa Centre, told The National that he expects the Biden administration to notify Congress of Ethiopia’s expulsion from AGOA by November 1.
“It would have both a practical impact and also a symbolic impact,” said Mr Hudson.
“This would put Ethiopia in a distinct minority in having been kind of unceremoniously removed from this programme, and so it’s just another measure of where the bilateral relationship is.”
While most countries that benefit under AGOA primarily export raw materials, Ethiopia is unique in that it relies on the trade pact for tariff-free exports of its light manufacturing industry, including garments.
“It’s a lot of money for them,” Karl Von Batten, the head of the consulting firm Von Batten-Montague-York told The National. “In five years, the projection was a few billion dollars.”
Mr Von Batten has been lobbying the Biden administration and Congress to expel Ethiopia from AGOA in the hopes it will prompt Mr Abiy’s wealthy backers to pressure him to end the conflict in Tigray.
“What it’s going to do is impact the power brokers who are making millions off this, who are grassroots supporters of Prime Minister Abiy,” said Mr Von Batten. “We’re hoping that it will compel them to come to the table to call for a ceasefire, negotiations, peace talks.”
“It pains me to do this because this is going to affect people’s lives, but it’s the law.”
AGOA stipulates that a country must “not engage in gross violations of internationally recognised human rights” in order to receive preferential trade status.
Under US law, the president must publish a determination as to whether AGOA beneficiaries such as Ethiopia continue to meet the eligibility requirements in the federal register every year.
The National first reported last month that the State Department is reviewing whether Ethiopia’s actions in Tigray constitute a genocide. A genocide designation could make it hard to justify keeping Ethiopia in AGOA under the law’s eligibility requirements.
Mr Biden also signed a broad executive order last month paving the way for sanctions on all actors responsible for human rights violations in the Tigray civil war, including the Ethiopian and Eritrean governments as well as the Amhara Regional Government and the Tigray People’s Liberation Front.
Before the threats of AGOA expulsion, the Ethiopian government previously had little to say as a public response to the Biden administration’s interagency pressure campaign over Tigray.
“I look at this video in the context of what the Ethiopian government is doing more broadly, which is not responding to the overwhelming criticism with introspection, with the review of its own policy,” said Mr Hudson.
“This video is a consistent policy of trying to spin their way out of this. And this conflict in Tigray, if it has been marked by anything, it has been marked by propaganda efforts to explain away what is going on through a very advanced and sophisticated propaganda campaign led in large part by the Ethiopian government.”
Although Ethiopia has maintained an internet, phone and media blackout in Tigray, witnesses have described widespread human rights abuses, including the displacement and murder of civilians, gang rape, the destruction of civilian infrastructure and the burning of crops.
The Ethiopian government has also blocked humanitarian aid to Tigray, recently expelling UN aid workers.
An Amnesty International report released last month found that Ethiopian forces and their allies “subjected hundreds of women and girls to sexual violence”, war crimes that may also amount to crimes against humanity.
Fighters from the Tigray People’s Liberation Front have also retaliated with their own abuses during raids on villages in Amhara, including a massacre last month that killed 120 people.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The%20Roundup
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Gulf Under 19s final
Dubai College A 50-12 Dubai College B
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
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More on Quran memorisation:
COMPANY%20PROFILE%20
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Profile box
Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Juliot Vinolia’s checklist for adopting alternate-day fasting
- Don’t do it more than once in three days
- Don’t go under 700 calories on fasting days
- Ensure there is sufficient water intake, as the body can go in dehydration mode
- Ensure there is enough roughage (fibre) in the food on fasting days as well
- Do not binge on processed or fatty foods on non-fasting days
- Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates
- Manage your sleep
- People with existing gastric or mental health issues should avoid fasting
- Do not fast for prolonged periods without supervision by a qualified expert
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
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COMPANY%20PROFILE
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Diriyah%20project%20at%20a%20glance
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The five pillars of Islam
Company%C2%A0profile
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