Business - Markets & Companies

MTS provider may lose $600 million in Turkmenistan

Russia's largest mobile phone company faces losses over dipute with the Central Asian state of Turkmenistan

Market report :The bear took over the market

The market reversed its early morning gains and close down 0.5 per cent

Orascom Construction Industries to be traded in USA

Egypt's biggest listed firm will now be traded on the New York Stock Exchange, out of the official market

Dubai's DP World sells 75 percent Australia stake

Dubai World will receive $1.5 billion from the transaction with the aim of reducing its debt

Pakistani IT firm 'on top of the world' in Blackberry apps

A software developed by a Pakistan firm became the best selling paid-for application for the Blackberry

Zain can open books to Etisalat, Kuwait court rules

Zain telecom will open its books for due diligence to Etisalat, which may buy a majority stake in Zain

$1.24 billion in loans for Etisalat Misr

Etisalat Misr was granted the biggest loan in communications industry history. Money will finance network expansion in Egypt

Rio Tinto to buy Africa-based coal miner

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

Market report: EGX 30 rises 0.5 per cent led by Orascom Telecom

Good news on Orascom Telecom deal with VimpelCom pushes the main index up 0.5 per cent, to 6.945 points

Spain sells bonds worth $5 billion

Spanish government raises money through three and six month bond issue

Vimpelcom deal value will not change, says Sawiris.

The deal of Vimpelcom will not change, confirms Naguib Sawiris to Al Arabiya television.

Toyota agrees to pay $32 million fine for safety problem

Toyota will pay $32.4 million as a penalty for unintended acceleration and steering problems in severeal models

Algeria to name price for Djezzy by mid-2011

Orascom Telecom has over $3 billion of debt maturing between 2010 and 2013 that should find a solution

Market report: EGX 30 rises 0.36% on good companies results

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

Apple cooperates with Toshiba to build a new plant for LCD in China

Toshiba will build a new plant in China to provide Apple with needed LCD screens

Al Arafa Investments net income more than doubles

Egypt's oldest-traded textile company, Al Arafa Investments & consulting, more than doubled its profits, citing improved market conditions

Egypt court to review land sale case next month

Egypt court has delayed its verdict on direct sale of public land to Talaat Moustafa Group (TMG). Hearing postponed for 8 January

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