New Suez Canal saves “5-10% of total operating costs”- Intesa Sanpaolo report
Egypt's New Suez Canal has led to a decrease in transit time from 18 to 11 hours, which will be reflected on the…
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Intesa Sanpaolo
Telefonica Said to Mull Doubling Down in Italian Gambit
As Telecom Italia SpA (TIT)’s financial investors prepare to cut off funding, the future of the phone company…
Report: Sawiris Eyes Telecom Italia Again
Egyptian billionaire Naguib Sawiris has been circling the Italian telecoms market in recent months, and fresh…
Italy Govt Prefers Telefonica Merger for Telecom Italia to Sawiris – Paper
The Italian government would prefer a merger between Telecom Italia and Spain's Telefonica, rather than a deal…
Italy Banks Bad Loans Underline Southern Europe Malaise
Italian banks are more reluctant to lend as a recession saddles them with mounting bad debt, highlighting a growing…
Moody’s Downgrades Egypt’s Bank Of Alexandria; Negative Outlook
Moody's Investors Service downgraded Egypt's Bank of Alexandria's (BALX) local-currency deposit rating for one…
Telecom Italia Is Said to Plan $13 Billion Network Spending
Telecom Italia SpA (TIT) is planning 10 billion euros ($13 billion) in fiber-optic investments for its…
Intesa Sanpaolo Named Best Bank In Italy By Global Finance
Intesa Sanpaolo has been awarded by the American magazine GLOBAL FINANCE as “Best Bank in Italy” in the category…
Kuwait’s Burgan Bank Looks To Egypt For Potential Acquisitions
Kuwait-based Burgan Bank is looking at potential acquisitions in Egypt to step up international expansion and is…
Telecom Italia Rejects Sawiris’ €3 Bln Offer
Telecom Italia (TLIT.MI) on Thursday rejected a 3 billion euro ($3.9 billion) investment offer from Egyptian tycoon…