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Business & Management

Details: Created: 06 July 2011

Egypt_budget

Egypt is seeking to raise US$3 billion to finance its budget deficit for the 2011-12 financial year, its Finance Minister Samir Radwan said in Dubai.

Details: Created: 04 July 2011

Tyco

Tyco International Ltd announced that it has completed its acquisition of a 75 per cent equity stake in United Arab Emirates-based KEF Holdings Ltd. (KEF), an integrated valve manufacturer and provider of steel castings to the oil and gas, chemical, mining and power industries.

Details: Created: 27 June 2011

Nokia_Siemens_Network

Nokia Siemens Networks signed a strategic partnership agreement with Al Sarya Telecommunications Company and Belal Company, both of Saudi Arabia (members of Ghazzawi Group of Companies) to establish Nokia Siemens Networks al Saudia Ltd as a joint-venture company.

Details: Created: 22 June 2011

Dewa-Head-Office

Standard & Poor's Ratings Services assigned a 'BBB-' long-term corporate credit rating to Dubai Electricity and Water Authority (DEWA), the public provider of electricity and water services. S&P set their outlook for DEWA as stable.

Details: Created: 20 June 2011

Etihad_Rail_du4

Etihad Rail signed a strategic 'Memorandum of Understanding' (MoU) with du that will see both companies collaborate on the telecommunications front for the upcoming national freight and passenger railway network.