SoftBank aims to sell $3.1bn worth of Japanese telco unit stake
SoftBank Group Corp said it plans to sell 5 percent of its domestic telco SoftBank Corp, currently worth $3.1…
Browsing Tag
unit
Eni in talks to open LNG unit in Egypt’s Damietta
Eni is in talks with partner Naturgy over re-opening of their facility for liquefying natural gas in Damietta,…
Emaar Properties’ unit begins Egypt’s Al Alamein Hotel renovation for opening…
Emaar Hospitality Group has begun the renovation and redesign works of Al Alamein Hotel in Marassi by Sidi…
Elsewedy Electric’s unit to execute 700mn pounds facilities project in Egypt’s Sadat…
Egyptian cable maker El Sewedy Electric’s subsidiary, SDM for Development and Management, plans to invest 700…
Elsewedy Electric’s inks 225 mln pounds deal for Egypt’s substation projects
Egypt's Sewedy Electric Engineering and Trade, a subsidary of El Sewedy Electric Company, has signed an 225 million…
Egypt’s Landmark Sabbour’s unit launches Rukan Residence in Dubai
Continental Investments, a subsidiary of Egypt-based Landmark Sabbour, has launched Rukan Residence complex in…
Saudi-based L’azurde completes SAR 12.6 mln production unit in Egypt
Saudi Arabia-based L'azurde Company for Jewellery announced Monday that it is finalising the production unit in…
Egypt’s El Sewedy Electric unit to develop 1.4km in Sadat City
An affiliate of Egypt's integrated energy solutions company El Sewedy Electric signed contracts to develop…
EEHC, El Sewedy Electric’s unit sign contract of 570 mln Egyptian pounds
Egypt's Electricity Holding Company (EEHC) has signed a contract worth 570 million Egyptian pounds ($32.1 million)…
Gulf mostly quiet, Dana Gas leaps in Abu Dhabi
Gulf stock markets were mostly quiet in thin, early trade on Monday although Abu Dhabi-listed Dana Gas jumped…
Gulf may have firm tone, ADNOC unit’s IPO could support Abu Dhabi
Gulf stock markets may have a slightly firm tone on Sunday, buoyed by positive global trends and news of the…
Toshiba Q2 profit jumps on strong memory chip demand
Toshiba Corp reported a 76 percent jump in second-quarter operating profit on Thursday, driven by a strong…
Lenovo to buy Fujitsu PC unit stake for up to $269 million; second-quarter profit drops
Lenovo Group said it had reached an agreement to buy a 51 percent stake in Fujitsu’s personal computer unit for up…
Google to co-host Wilbur Ross talk with news site Newsmax
Alphabet Inc’s Google unit will co-host an event with conservative media firm Newsmax on Thursday with U.S.…
Nokia plans to cut up to 310 jobs, halt VR camera development
Nokia plans to reduce up to 310 jobs from its Nokia Technologies unit and halt development of its virtual reality…
Full steam ahead, as Egypt’s rail project gets green light
A unit of China Railway Group Ltd said it will began preliminary work on a $1.24 billion-worth light rail project…
Trump asserts Comey told him he’s not under investigation
President Donald Trump asserted in his extraordinary letter firing James Comey that the ousted FBI director told…
Toyota to sharpen focus on electric cars through new in-house unit
Toyota Motor Corp said on Thursday it is setting up a new in-house unit to develop electric vehicles as the…
Emirates NBD bank set up specialized financing unit for SMEs
Middle East’s largest bank by assets, Emirates NBD has announced the establishment of a specialized unit for…
AstraZeneca signs $1.5 bln deal with Allergan
AstraZeneca PLC (AZN.LN) said on Monday that it has signed a deal with Allergan PLC AGN, -0.21% worth up to $1.52…
AirAsia appoints Stephane Daillencourt as CEO of leasing unit
AirAsia Berhad (AIRA.KL), Asia's biggest budget airline, on Thursday appointed Stephane Daillencourt as the chief…
Egypt implements $1.8bn social housing units in 6th of October City
Egypt's New Urban Communities Authority (NUCA) is implementing 116,000 units in 6th of October City as part of the…
AirAsia to launch sale of stake in leasing arm, could value unit at $1 billion- Reuters
AirAsia Bhd (AIRA.KL), Asia's biggest budget airline, will kick off the sale of a majority stake in its plane…
Egypt’s tender for a third FSRU draws four firms’ attention
Egypt's tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four…
Baidu investor criticizes proposed sale of video unit to CEO
Baidu Inc's planned sale of online video unit iQiyi to its own chief executive is priced too low and will damage…
Egypt offers 6,000 units among social housing scheme for rent
Egypt starts offering 6,000 units for rent in the first phase of the social housing project through the rent…
Egypt offers 6,000 units among social housing scheme for rent
Egypt starts offering 6,000 units for rent in the first phase of the social housing project through the rent…
Fire at Russia’s Bashneft oil firm unit kill eight
Eight people died in a fire at a hydrocracker unit at the Ufaneftekhim refinery in the Urals city of Ufa, RIA news…
Microsoft gives up Finland phone unit
Microsoft has confirmed it will close its mobile phone unit in Finland, cutting 1,350 jobs. The US software giant…
AirAsia has had $1 billion takeover offer for leasing unit
Asia's largest budget airline AirAsia Bhd (AIRA.KL) has received a $1 billion offer for its aircraft leasing unit,…
Toshiba takes $2.3 billion writedown on U.S. nuclear unit Westinghouse
Japan's Toshiba Corp (6502.T) said on Tuesday that it booked an impairment charge of $2.3 billion for the past…
Dell’s SecureWorks valued at $1.42 billion in year’s first tech IPO
Dell Inc's cyber security unit, SecureWorks Corp, could be valued at up to $1.42 billion in its initial public…
Syrian rebel splits deepen after failed ‘merger’ with al Qaeda arm
The leader of al Qaeda's Syrian wing tried unsuccessfully at a recent meeting to convince rival Islamist factions…
Vodafone starts preparations for IPO of Indian unit
Britain's Vodafone said on Tuesday it had started preparations to float its Indian unit as it reported a return to…
Toshiba to sell sensor business to Sony, overhaul chip unit
Japan's Toshiba Corp said on Wednesday it will sell its image sensor business to Sony Corp and overhaul its…
SFD eyes Small Enterprises Licence Unit in Suez Canal’s HQ
Egypt's Social Fund for Development (SFD) is ready to establish a licence unit for the small enterprises in Suez…
Stifel in Negotiations to buy Barclays’ U.S. Wealth Unit- Reuters
Investment bank Stifel Financial Corp (SF.N) is in advanced negotiations to acquire Barclays Plc's (BARC.L) U.S…
Egypt PM delivers 1500 Low-income Housing Units in Badr City
About 1500 residential units have been delivered on Saturday to low-income citizens in Badr City, in the presence…
Rio Tinto to sell Aluminum Assets in $1 billion Deal: paper
Global miner Rio Tinto (RIO.L) (RIO.AX) plans to sell some of its aluminum assets in a potential $1 billion deal,…
Canada’s Bombardier eyes 20-30% rail unit IPO in Frankfurt – Reuters
Bombardier Inc (BBDb.TO) is aiming to sell a 20- to 30-percent stake in its rail unit via an initial public…