UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.
Deals
Tilal to issue first Omani sukuk
Tilal Development would used the proceeds raised in the sukuk sale for the expansion of its flagship project in Muscat, Oman.
Renault, Nissan modifies Mitsubishi partnership to reduce costs
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp expanded its existing joint venture to effective save production costs.
Ford Motor Corp set to expand fifth unit for Middle Eastern and African markets
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
OpenText acquires cloud company GXS Group in USD1.17 billion deal
OpenText Corp, a Canadian business software maker, acquired cloud computing company GXS Group Inc to strengthen its holding in the enterprise software market.
Latest News
Remote diagnostics company AetherPal secured USD6 million in Series A funding for the development of its pre-loaded software for smartphones.
Microsoft entered a 20-year deal with RES Americas to source wind power from its Texas facility. Microsoft Corp. sealed a deal to source power from a Texas wind farm.
Google announced that it will invest USD607 million to upgrade its seawater-cooled facility in Finland and convert it into a bigger data center.
Solar energy startup Terrajoule secured a USD11.5 million funding from Air Liquide and other investors.
US Attorney General Eric Holder said his comments that confirmed talks of a settlement between American Airlines and the US Airways regarding the airline's planned merger.
Clothing retailer Men’s Wearhouse refused the request of Jos. A. Bank Clothiers to check the former's books in lieu of the latter's buyout bid.
Celebrity Justin Bieber invested USD1.1 million as seed round for a new social media network for teens.
Garantia Data had renamed itself to RedisDB, following a USD9 million investment round. Aside from acquiring USD9 million in funds, Garantia Data had changed its name to RedisDB.
Supercell Oyj and SoftBank had agreed on a USD1.53 billion deal in the hopes of gaining a significant market share in mobile gaming
