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.
Egypt seeks US$3bn to finance budget deficit
Technology
Tyco completes KEF acquisition
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.
Nokia Siemens Networks signs Saudi joint-venture agreement
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.
Emerson?s interactive webinars return
Emerson Process Management announces a programme of interactive webinars in June/July 2011 that will demonstrate how wireless and digital technologies enable easier and more profitable operations.
S&P rates DEWA and sees outlook stable
Standard & Poors 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.
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