AT&T to buy Straight Path Communications for $1.25 billion
U.S. wireless carrier AT&T Inc (T.N) said on Monday it would buy Straight Path Communications Inc (STRP.A), a holder of licenses to wireless spectrum,...
Amazon to buy Middle Eastern online retailer Souq.com
Amazon.com Inc has agreed in principle to buy Dubai-based internet retailer Souq.com, one of the best-known names in the Middle East's online shopping market,...
EGX gains 136 pts at open on foreign buying
The Egyptian Exchange (EGX) opened Sunday’s trading on a positive note, backed by foreign purchases.
By 10:37am Cairo time, the benchmark EGX30 index grew 1.11%...
Saudi Aramco buys $7 billion stake in Petronas’ RAPID refinery project
Saudi oil giant Aramco IPO-ARMO.SE is buying an equity stake in Malaysian firm Petronas' major refining and petrochemicals project in the southeast Asian country,...
J&J to buy Actelion for $30 billion leftright 2/2leftright
Swiss biotech company Actelion (ATLN.S) said on Thursday it had agreed to be purchased by Johnson & Johnson (JNJ.N) in a $30 billion deal.
The...
Russia’s Rosneft discusses buying a stake in Al-Shorouk concession in Egypt
The board of Russia's Rosneft plans to discuss buying a stake of up to 35 per cent in the Shorouk concession, offshore Egypt, the...
Trivago Nears an official Public offering
There’s a good chance you’ve seen quite a few commercials with the “Trivago Guy” with the wry sense of humor. For the most part,...
Morocco’s Attijariwafa buys Barclays Bank Egypt
Attijariwafa Bank (the leading bank in Morocco and part of king Mohammed VI's holding company the SNI) is set to acquire all of Barclays...
Egyptian Billionaire Sawiris Discloses 6% Stake in Adidas
The Wall Street Journal: The investment vehicle of Egyptian billionaire Nassef Sawiris disclosed Friday that it obtained 6% of the voting rights in Adidas...
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Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...
El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez
Minister of Petroleum and Mineral Resources Eng. Tarek El Molla and ADES Drilling Company CEO Mohamed Farouk have witnessed the signing of...