News

Note: This section contains information in English only.
Mon, 21 May 2018 04:28:39 GMT

Santos gets final $10.8B bid from Harbour Energy

On Monday, Harbour Energy stated that its latest takeover bid of $10.8B for Australia's gas producer Santos was the "best and final" proposal with no further increases of the value of the deal.

Sun, 20 May 2018 20:28:26 GMT

Financial Times: EU's Nordic Capital, Inflexion attracts $8B

According to the Financial Times report on Sunday, the European private equity groups Inflexion and Nordic Capital raised a combined $8B in funds, with Inflexion attracting $3B and Nordic raising $5.1B.

Sun, 20 May 2018 20:21:14 GMT

CBS board votes for end of Redstone's control

The CBS board voted to end the Shari Redstone's control of the company; however, its move is not set to take effect until a Delaware judge takes CBS's side to halt a merger with Viacom.

Sun, 20 May 2018 19:31:51 GMT

Beltone Financial aims to take Oragroup's controlling stake

Beltone Financial, Egypt's financial services firm and asset manager, is planning to take Oragroup's controlling stake, as it seeks for expansion of its financial services in Africa.

Sun, 20 May 2018 19:25:46 GMT

UAE to allow 100% foreign ownership of businesses

On Sunday, the United Arab Emirates' Cabinet has approved the steps that are set to allow 100% ownership of the UAE businesses by foreign investors by the current year-end.

Sun, 20 May 2018 18:14:48 GMT

Nippon Steel says strong global demand reduced impact of US duties

The Japanese steelmaker Nippon Steel & Sumitomo Metal Corp said solid global demand muted the impact of US import duties, but they may cause a possible glut in Asia.

Sun, 20 May 2018 18:08:17 GMT

Reuters: GE's transportation unit seeks merger with Wabtec

General Electric Co was seeking to merge its transportation unit with the US-based manufacturer of railway equipment Wabtec Corp, Reuters reported on Sunday.

Sun, 20 May 2018 17:11:17 GMT

Total to leave Iran if immunity from US sanctions is not granted

The French oil and gas company Total plans to cease the multi-billion-dollar Iranian South Pars project if the US Treasury did not grant it immunity from US sanctions.

Sun, 20 May 2018 17:05:25 GMT

Iran, Greece to strengthen transport cooperation

Iran and Greece have signed a Memorandum of Understanding aimed at broadening transport operations between the both countries.

Sun, 20 May 2018 16:13:35 GMT

Moroccans protest US decision to move embassy in Israel

Around 10,000 Moroccans marched in the capital of Casablanca this Sunday to protest against the US moving its embassy in Israel to Jerusalem.

Sun, 20 May 2018 16:08:20 GMT

Turkey supports $3.5B highway between Sarajevo and Belgrade

The Turkish President Tayyip Erdogan has agreed to support the construction of a highway connecting Sarajevo and Belgrade worth $3.5B.

Sun, 20 May 2018 15:13:03 GMT

Mnuchin says US, China trade war ‘on hold'

According to the US Treasury Secretary Steven Mnuchin, a trade war between the US and China was ‘on hold', as both countries were negotiating a new trade agreement.

Sun, 20 May 2018 15:08:17 GMT

Iran's FM: EU not doing enough to maintain benefits of Iran deal

The Iranian Foreign Minister Mohammad Javad Zarif noted on Sunday that the European Union was not taking sufficient action to maintain benefits of the 2015 Iran nuclear deal.

Sun, 20 May 2018 13:57:20 GMT

German companies worry about ‘America Alone' policy

The President of the DIHK Chambers of Commerce Eric Schweitzer told media on Sunday that German companies were worried about Donald Trump moving towards ‘America Alone' policy.

Sun, 20 May 2018 13:56:07 GMT

Swiss Re to leave Iran after new US sanctions

Swiss Reinsurance Co is set to cease its business in the Islamic Republic of Iran, following the US decision to abandon the Iran deal and impose new sanctions on the country.

Sun, 20 May 2018 13:21:54 GMT

Ghabbout Auto to offer its unit on EGX by 2020

The Egyptian auto manufacturer Ghabbout Auto plans to offer its financial investment business GB Capital on the Egyptian Exchange by 2020.

Sun, 20 May 2018 13:20:47 GMT

Macedonia's opposition party rejects changing country's name

VMRO-DPMNE, the main opposition party in Macedonia, has rejected the proposal of the Prime Minister Zoran Zaev to change the country's name to Republic of Ilinden Macedonia.

Sun, 20 May 2018 12:01:27 GMT

Spain to keep control over Catalonia

According to the El Pais newspaper, the Prime Minister of Spain Mariano Rajoy intends to keep control of the central government over Catalonia, as the region's leader nominated various exiled or jailed politicians to his cabinet.

Sun, 20 May 2018 12:01:20 GMT

Head of LG Group dies at 73

Koo Bon-moo, the Chairman of South Korea's fourth-largest conglomerate LG Group, died on Sunday from severe brain illness, which he tried to beat for a year.

Sun, 20 May 2018 11:02:00 GMT

Montenegro to build wall on Albanian border

A government official stated on Sunday that Montenegro is considering construction of a fence on its frontier with Albania in order to stop the flow of illegal migrants from the Middle East to Europe.

Sun, 20 May 2018 11:01:53 GMT

Vatican to nominate 14 new cardinals next month

In a weekly adress to parishioners the head of Vatican and Catholic church Pope Francis announced that he would nominate 14 new cardinals at the consistory on June 29.

Sun, 20 May 2018 10:03:59 GMT

Scotland to consider independence once again

The First Minister of Scotland Nicola Sturgeon stated on Sunday that once the UK government brings more clarity over Brexit it will consider organisation of a new independence vote.

Sun, 20 May 2018 10:03:50 GMT

EU to consider compensation to firms hit by US sanctions

The Finance Minister of France Bruno Le Maire stated on Sunday that the EU could consider the question of material compensation for companies that were hit by the new set of sanctions imposed by the US against Iran.

Sun, 20 May 2018 09:08:51 GMT

Chinese bombers land on South China Sea island

The Chinese Defence Ministry said on Sunday it has successfully organized take-off and landing as well as assault training for multiple H-6K bombers on the South China Sea islands.

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