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OTMT puts investments in Brazil’s Oi on hold
Orascom Telecom Media and Technology Holding (OTMT) is putting its bid for Brazilian telecom Oi on hold, Naguib Sawiris said…
Cheiron forms JV with Pemex on its Cardenas-Mora project
Pico’s Cheiron forms JV with Pemex on its Cardenas-Mora project: Cheiron Holdings, a subsidiary of the Diab family’s Pico group…
Egypt continues to standout on the emerging markets front
Egypt continues to stand out among emerging markets as the country gets ready for its eurobond issuance in January. First…
Hisham Ezz Al-Arab accepts directorship at Atlas Mara
MOVES- We’re pleased to note that our friend Hisham Ezz Al-Arab, CIB’s chairman and managing director, has been tapped by…
Raising the reserve ratio portends a rate cut
The central bank’s move to raise reserve requirements to 14% from 10% signals “that we will see an interest rate…
Janet Yellen explains AIG deregulation
Fed Chair Janet Yellen defended her position in voting to release AIG from its status as a company “too big…
EU Commissioner to slam Amazon with mns EUR-worth of back taxes
The European Commission plans to slam Amazon today with overdue tax bills “worth several hundred mn EUR,” according to the…
Manama blast injures five
A blast outside Manama injured five Bahraini policemen on Monday, according to Reuters. The policemen were protecting a Shiite procession…
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