Middle East

Big tech acquisitions seen surging in Israel

Dealogic data showed a big increase in the acquisition activity of big tech companies in Israel, pushing the Middle Eastern country to become a global player in the innovative tech arena.

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Lulu Hypermarkets expand to many other markets

Retail giant Lulu Hypermarkets, under the leadership Yussuffali MA is expanding to Asia, North Africa and Middle East.

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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.

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ETISALAT agrees to acquire Vivendi's Maroc Stake for USD5.7 billion

UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.

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India's businesses invest in high risk countries for high rewards

Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.

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Arabtec forms venture with Samsung Engineering Co.

The new joint venture to participate in projects in the Middle East and Africa comprised of Arabtec and Samsung Engineering Co.

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HSBC appoints new personnel to address regional growth

New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.

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AT&T provides IP VPN services to Africa and the Middle East

AT&T, with its hub in Dubai, has offered IP virtual private network services to multinationals doing business in the Gulf region and in Africa.

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Occidental Petroleum set to sell and spin off assets

The second largest oil producer in Qatar, Occidental Petroleum Corp, is offering a minority share in its Middle Eastern operations.

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Railway network in UAE completes first phase

The UAE railway network's first phase has been completed.

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New GCC firms rely on lawyers for IPO expertise

An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.

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Sinopec to purchase Apache Egypt assets for USD3.1 billion

China Petrochemical Corp.'s unit, Sinopec International Petroleum Exploration & Production Corp. had agreed to pay USD3.1 billion for Apache's Egyptian oil and gas businesses.

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US issues worldwide travel alert after citing al-Qaeda's threat

The US State Department announced an international travel alert for terrorist attacks in the Middle East, North Africa and South Asia.

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Orix Corp. to expand equity holdings to Southeast Asia, Middle East

Orix Corp. stated it would invest half a billion dollars in fast growing markets.

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du awards contract to ZTE for 3G wifi router

ZTE announced that they were awarded a contract for 3G wifi router

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