Jun 3, 2013 | Central & Eastern Europe, MENA, News, Russia
(Reuters) – Russian firm Altimo said on Sunday it had no plans to launch a new offer to buy out minority shareholders in Egypt’s Orascom Telecom after the Egyptian regulator rejected its attempt to reopen its earlier tender. Orascom Telecom, a heavyweight...
May 29, 2013 | Central & Eastern Europe, MENA, News, Russia
Leading Russian Internet group Mail.Ru Group announced yesterday that it has poured $1.5 million into the Israeli visual search developer Cortica. The funding is part of a larger round led by other undisclosed investors; it brings the total amount attracted by Cortica...
May 23, 2013 | Africa, Central & Eastern Europe, MENA, News, Russia
Moscow Times 22 May 2013 VimpelCom’s talks to sell a controlling stake in its Algerian mobile business Djezzy to Algeria are at a delicate stage but have not failed, a source with knowledge of the discussions said on Wednesday. Algeria wants to nationalize...
May 22, 2013 | MENA, News
Dubai (Reuters) – Sovereign wealth funds in the Gulf Arab region are raising their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco says in a new study. “Contrary to popular perceptions...
Apr 29, 2013 | MENA, News
The Economic Times 29 April ABU DHABI: The oil-rich emirate of Abu Dhabi is putting finishing touches to plans to establish a financial free zone that could resemble, and therefore compete with, the Dubai International Financial Centre, sources familiar with the...
Apr 1, 2013 | Central & Eastern Europe, MENA, News, Russia
(Reuters) – Egypt’s stock exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman’s Altimo had offered to buy 100 percent of Egypt’s Orascom Telecom. The $3.7 billion offer from a Cyprus-based firm owned by Altimo is at a...
