Tech news Ant Financial plans to buy stake in Thai payments company Ghada Ismail Jun 19, 2016 0 Ant Financial Services Group, Alibaba's financial services affiliate, is seeking to buy a 20 percent stake in…
Tech news Raya targets acquiring stake in Poland’s Makarony Polskie Ghada Ismail Jun 9, 2016 0 Egyptian information technology firm, Raya Holding (RAYA.CA) Raya Holding announced its investment plan in a…
Tech news Tata Comms to sell stake in data center to ST Telemedia Ghada Ismail May 19, 2016 0 India's Tata Communications Ltd is selling a 74 percent stake in its data center business to Singapore-based ST…
Industry & Trade Nissan to take key stake in scandal-hit Mitsubishi Motors: sources Noha Gad May 12, 2016 0 Nissan Motor Co (7201.T) is set to take a key stake in Mitsubishi Motors Corp (7211.T), two sources familiar with…
Tech news Toshiba preparing Westinghouse writedown, CEO to step down Ghada Ismail Apr 20, 2016 0 Japan's Toshiba Corp is preparing to write down the value of its stake in U.S. nuclear subsidiary Westinghouse by…
Tech news China’s Alibaba to invest $1 billion in Lazada Ghada Ismail Apr 12, 2016 0 Chinese e-commerce giant Alibaba Group Holding Ltd said on Tuesday it agreed to buy a controlling stake in online…
Tech news Foxconn to lessen offer for Sharp by around $900 million: Jiji Ghada Ismail Mar 21, 2016 0 Taiwan's Foxconn is likely to reduce its capital injection into embattled Japanese electronics firm Sharp Corp…
Egypt News Egypt’s Downstream Summit Kicks off next month aya salah Jan 21, 2016 0 The World Refining Association’s Inaugural Egypt Downstream Summit & Exhibition is taking place on February…
Industry & Trade Qalaa Holdings exits Misr Glass Manufacturing, United Glass for US$105mn Noha Gad Dec 28, 2015 0 Egypt's Qalaa Holdings' subsidiary MENA Glass Ltd. Has signed agreements to sale its entire stakes in Misr Glass…
Tech news Yahoo will not spin off Alibaba stake, weighs core business sale – CNBC Noha Gad Dec 9, 2015 0 Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm…