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Teva Pharm enters medical cannabis market with new partnership
Middle East

Teva Pharm enters medical cannabis market with new partnership

JERUSALEM, Dec 26 (Reuters) – Drugmaker Teva Pharmaceutical Industries (TEVA.TA) said on Sunday it was entering the medical cannabis market by signing…
Israel’s Enlight Renewable raises 223 million shekels in share issue
Middle East

Israel’s Enlight Renewable raises 223 million shekels in share issue

TEL AVIV (Reuters) – Israel’s Enlight Renewable Energy said on Monday it completed a share offering to institutional investors, accepting…
At Facebook, public funds join push to remove Zuckerberg as chairman
Business

At Facebook, public funds join push to remove Zuckerberg as chairman

(Reuters) – Four major U.S. public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer…
Egyptian Media Group acquires CBC network
Egypt

Egyptian Media Group acquires CBC network

  The Egyptian Media Group, owned by Eagle Capital, has financially acquired the Future Media Group, which owns Egypt’s Capital…
Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 bn
Business

Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 bn

US retailer Michael Kors  has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British company whose…
Egyptian court ruling allows CI Capital deal with Beltone
Business

Egyptian court ruling allows CI Capital deal with Beltone

A Cairo Court ruled in favour of Commercial International Bank (CIB) on Wednesday, pushing through the sale of shares in…
Trading in Telecom Egypt shares suspended: sources
Business

Trading in Telecom Egypt shares suspended: sources

Egypt's stock exchange suspended trading of shares of Telecom Egypt, the state-owned landline monopoly, on Wednesday after the government replaced…
Rebirth of Public Business Ministry: development or privatization?
Business

Rebirth of Public Business Ministry: development or privatization?

Two months after Egypt’s presidency announced that shares in “successful” state-owned banks and companies were to be offered on the…
Global stocks rally as global slowdown fears fade
Business

Global stocks rally as global slowdown fears fade

World shares and bond yields rose on Wednesday as the recent recovery in oil prices and a batch of positive…
China battles to shore up stocks, yuan after globe-shaking slide
Business

China battles to shore up stocks, yuan after globe-shaking slide

China moved to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling…
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