A tie-up between Egyptian investment bank EFG Hermes and Qatar'sQInvest, approved by EFG shareholders on June 2, is legally binding and can only be reversed through legal action, EFG said on Tuesday.
June 12, 2012 5:46
It confirmed in a statement that shareholders had approved the venture, in which EFG would have a 40 percent stake and QInvest 60 percent.
June 4, 2012 10:54
Orascom Telecom Media and Technology said on Sunday it was in talks with France Telecom over a potential change in ownership structure at Egyptian joint venture Mobinil, hours after shares in both Orascom and Mobinil were suspended.
February 13, 2012 2:11
India's Reliance Communications said it has disconnected from its network a mobile phone joint venture between Abu Dhabi-based Etisalat and India's DB Group over non-payment of fees for using its towers.
January 24, 2012 1:36
Despite losses forecast in Q2 for Zain Saudi, Batelco’s deal to buy the telco firm in a $950m JV with Kingdom Holding is expected to wrap up in two months.
July 14, 2011 1:00
Saudi investors form joint venture for Bosnia; Initial capital of company, led by IDB, is $50 million;Turkish state Eximbank to extend credit lines for Bosnia
April 7, 2011 9:21
Two companies join forces to seek natural gas in Sharjah.
June 5, 2010 10:49