Financial Institutions Moody’s pays $864 million to U.S., states over pre-crisis ratings Noha Gad Jan 15, 2017 0 Moody's Corp (MCO.N) has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over…
Industry & Trade McDonald’s sells most of China, HK businesses to CITIC, Carlyle for $2.1b Noha Gad Jan 9, 2017 0 McDonald's Corp (MCD.N) has agreed to sell a majority stake in its China and Hong Kong businesses to state-backed…
Egypt News Sisi, Trump agree to delay UN vote on Israeli settlements Noha Gad Dec 24, 2016 0 Egypt has agreed to postpone a UN Security Council resolution against Israeli settlements in order to give the US a…
Industry & Trade Eni agrees to export part of Shorouk concession Noha Gad Dec 18, 2016 0 The Italian gas company Eni has agreed with the Egyptian government to export part of the gas produced from Zohr…
Industry & Trade Eni sells 30% stake in Egypt’s Zohr gas field to Rosneft Noha Gad Dec 12, 2016 0 Italian oil and gas group Eni (ENI.MI) agreed to sell a 30 percent stake in Egypt's offshore Shorouk concession to…
forex news Oil prices surge, trading volume records smashed as OPEC, Russia agree output cut Noha Gad Dec 1, 2016 0 An agreement between oil producer club OPEC and Russia to produce less to drain a global glut sent prices soaring…
Industry & Trade BP buys 10% stake in Egypt’s Zohr gas field for $375m Noha Gad Nov 26, 2016 0 BP has agreed to acquire a 10% stake in Shorouk concession offshore Egypt from Eni, an Italian oil and gas company.…
Banks CBE agrees $2 billion repurchase deal with global banks Noha Gad Nov 10, 2016 0 Egypt's central bank has agreed terms for $2 billion in financing from international banks, it said in a statement…
Industry & Trade NREA purchases 400MW of solar capacity for $662m Noha Gad Nov 3, 2016 0 Egypt has agreed to buy about 400 megawatts of solar capacity, a sign that developers are slowly moving forward…
Industry & Trade Pfizer to buy antibiotics business from AstraZeneca Noha Gad Aug 25, 2016 0 Pharmaceutical company AstraZeneca (AZN.L) has agreed to sell its small molecule antibiotics business to Pfizer Inc…