Orascom Telecom completes sale of 50% stake in Tunisiana
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Wed January 5, 2011 2:33 pm
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INTERNATIONAL. Orascom Telecom Holding completed the sale of its 50% stake in Orascom Telecom Tunisie, also known as Tunisiana, to Qatar Telecom.

The stake was sold for US$1.2 billion, Orascom said in a statement today.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. Fiscal pressures on GCC economies are mounting with dropping oil prices accelerating the need to broaden and strengthen non-oil revenues, according to a new ICAEW report.
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UAE. A tool for Governments, businesses and NGOs to look beyond economics toward Social Progress measurements to maximize FDI and growth.
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INTERNATIONAL. Banks in Bahrain and Oman are vulnerable indirectly through the potential drop in investments and economic growth, and Nigeria is vulnerable directly through its banking system's significant overall exposure to the oil sector.
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