ETHIOPIA
An Ethiopian – born business mogul has been named in an anti-corruption crackdown by the Saudi Arabia government over the weekend.
Mohammed Hussein Al Amoudi, 71, was detained along with 11 princes, four current ministers and a number of former ministers. Saudi-owned Al Arabiya television said the probe is headed by Crown Prince Mohammed bin Salman.
Al Amoudi is an Ethiopian – born business man who holds both Saudi and Ethiopian nationality. According to Forbes, as at 2016, his net worth was approximately $10.9 billion.
His investments are linked to oil and global commodities. He is also listed as Ethiopia’s richest man and the second richest Saudi Arabian citizen in the world. He is one of two businessmen detained, the other is one Saleh Kamel.
His two main businesses are Corral Petroleum Holdings and MIDROC. MIDROCdescribes itself as “a global investment group, wholly owned by Mohammed Hussein Al Amoudi.
“It has substantial interests in petroleum, agribusiness, property, industry and industrial services, engineering and construction, tourism and trade and investment, largely in Europe, Africa, the Middle East and North Africa.”
Al Amoudi is said to have migrated from Ethiopia to Saudi Arabia when he was 19 and became a full citizen of the Kingdom in 1965. He built up a private fortune in construction and property before diversifying into the downstream energy sector with major refining and retail investments in both Lebanon and Saudi Arabia.
MIDROC has an international focus with three main operating companies: MIDROC Middle East (based in Saudi Arabia), MIDROC Europe (based in Sweden) and MIDROC Africa where the company’s focus is heavily on Ethiopia. It also has separately managed and significant petroleum interests.
OromianEconomist 
Billionaire With Deep Investments in Ethiopia Arrested in Saudi Anti-corruption Sweep https://www.voanews.com/a/saudi-corrution-probe-mohammed-hussein-al-amoudi/4108025.html
በእርግጥስ የአላሙዲ ጉዳይ እንዴት ነው?
‘For al-Amoudi, Ethiopia became a source of food and arable land, as escalating food consumption and water scarcity presented a challenge for Saudi policymakers. Through his Saudi Star Agricultural Development, al-Amoudi invested in growing wheat, rice, and barley in 0.5 million hectares of land in the Gambella province in Ethiopia. The project has not been without its controversy with the US-based think tank Oakland Institute saying that communities were forcibly relocated, forests cleared, and farmland lost.
FILE PHOTO: Saudi Crown Prince Mohammed bin Salman, attends the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017.
Crown prince Mohammed bin Salman. (Reuters/Hamad I Mohammed)
But his close relationship with the ruling party, which goes back to the 1990’s, safeguards his business interests says Henok Gabisa, a visiting academic fellow at Washington and Lee University School of Law in Lexington, Virginia. Besides agriculture, the Saudi-Ethiopian businessman is Ethiopia’s single biggest foreign investor and owns Midroc Gold, the country’s largest miner that brings in much-needed foreign currency. A WikiLeaks diplomatic cable from 2008 noted how “nearly every enterprise of significant monetary or strategic value privatized since 1994 has passed from the ownership of the government of Ethiopia to one of al-Amoudi’s companies.”
“Ethiopian ruling elites had no trouble doing business with al-Amoudi even when the investment process from its soup to nuts was infected with corruption and bribery,” Gabisa said. “It looked like they need al-Amoudi more than they hate the corruption.”
Saudi Prince Alwaleed bin Talal speaks during an interview with Reuters at his office in Kingdom Tower in Riyadh, May 6, 2013. A potential split-up of the operations of U.S. bank Citigroup Inc is now “completely dead,” Saudi prince Alwaleed bin Talal, the bank’s largest individual shareholder said in an interview on Monday.
Saudi Prince Alwaleed bin Talal. (Reuters/Faisal Al Nasser)
But the 71-year old al-Amoudi’s arrest could be cheered on in Egypt says Adel Abdel Ghafar, a fellow at the Brookings Doha Center. This is because of his $88 million pledge to finance the Renaissance Dam, which upon completion will be the largest dam in Africa. And even though the dam will increase the hydroelectric power in Ethiopia, it will significantly reduce Egypt’s share of the Nile water—a matter that is already controversial.’ https://qz.com/1137157/saudi-arabia-purge-effect-on-mohammad-al-amoudi-and-al-waleed-bin-talals-businesses-in-ethiopia-kenya-and-egypt/
The Sheikh of Ethiopia: How Saudi purge could disrupt an African country
#SaudiPurge
Mohammed Hussein al-Amoudi, one of Ethiopia’s biggest investors, among those arrested in Saudi anti-corruption campaign http://www.middleeasteye.net/news/saudi-arabia-ethiopia-amoudi-1767220934
‘American mercenaries are torturing’ Saudi elite rounded up by new crown prince – and billionaire Prince Alwaleed was hung upside down ‘just to send a message’
Read more: http://www.dailymail.co.uk/news/article-5108651/American-mercenaries-torturing-Saudi-princes.html#ixzz4zQhrHw7j
Follow us: @MailOnline on Twitter | DailyMail on Facebook
አልጋ ወራሹ የሚያካሂዱት የጸረ-ሌብነት ዘመቻ በአገሪቱ ህዝብ ከፍተኛ ድጋፍ እንዳስገኘላቸው ታውቋል። ይህም እንደ መሐመድ አላሙዲ አይነቶቹ ወንጀላቸውን አምነውና የተጠየቁትን ገንዘብ መልሰው ከእስር ቢወጡም በሌብነት ወንጀል መከሰሰ እጅግ አሳፋሪና ስብእና የሚያበላሽ ሁኔታ በመሆኑ እንደበፊቱ በአደባባይ በገንዘባቸው እያሰገዱ ያሻቸውን ማድረጋቸው ያበቃላት ሁኔታ ነው የሚሉ አስተያየ ሰጭዎች አሉ።እንደውም ካሁን በኋላ አላሙዲ በሰራው የሌብነት ወንጀል ምክንያት በእፍረት ተሸማቆ የሚኖር እንጅ አደባባይ የሚወጣበት ሁኔታ አይኖርም የሚሉም አሉ። http://www.mereja.com/amharic/557159