Global investors seek blue-chip middle East firms to launch Depository Receipt (DR) programs, to be traded on US and UK markets. Egypt generates the bulk of DR issuance in the region
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Rio Tinto bid offer worth $ 3.9 billion to buy the Australian coal mining company as $ 16 per share
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Russia's largest mobile phone company faces losses over dipute with the Central Asian state of Turkmenistan
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The market reversed its early morning gains and close down 0.5 per cent
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Egypt's biggest listed firm will now be traded on the New York Stock Exchange, out of the official market
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Dubai World will receive $1.5 billion from the transaction with the aim of reducing its debt
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A software developed by a Pakistan firm became the best selling paid-for application for the Blackberry
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Zain telecom will open its books for due diligence to Etisalat, which may buy a majority stake in Zain
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Etisalat Misr was granted the biggest loan in communications industry history. Money will finance network expansion in Egypt
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Rio Tinto, the world's second largest iron ore miner, wants to bulk up on coking coal reserves, by acquiring Riversdale's large reserves of relatively low costs
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Good news on Orascom Telecom deal with VimpelCom pushes the main index up 0.5 per cent, to 6.945 points
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Spanish government raises money through three and six month bond issue
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The deal of Vimpelcom will not change, confirms Naguib Sawiris to Al Arabiya television.
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Toyota will pay $32.4 million as a penalty for unintended acceleration and steering problems in severeal models
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Orascom Telecom has over $3 billion of debt maturing between 2010 and 2013 that should find a solution
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Good results pushed the main index up 0.36 per cent, to 6.912 points. The market awaits the fate of Orascom Telecom deal with Vimpelcom, which will be announced tomorrow
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