Latest in Technology Highlight
Latest in Technology
Investing in ideas
With a new idea needed by the market, a young person can found a company; then in less than a year, he can have the biggest investment funds chasing it with millions of pounds, trying to buy a stake or minority ownership.
Egypt’s OT completes sale of stake in Congo Unit
Cairo-based Orascom Telecom (OT) said on Monday it had signed a deal to complete the sale of its controlling 65 percent stake in a mobile phone service operator in Congo Republic for $66.6 million.
Cairo ICT celebrates 10 years of success
ICT 2006, scheduled for February 5-8, is set to attract many of the region’s top players and the world’s leaders in telecommunications, information technology, networking, computing and broadcast technology, as the event gears up for it’s 10th round in Cairo. Organizers are expecting a growth of 25 percent in both the number of exhibitors and …
Telecom Egypt IPO raises $892 million, valued at $4.6 billion
Telecom Egypt (TE) raised LE 5. 132 billion ($892 million) from its initial public offering, valuing the company at $4. 6 billion on the London and Cairo exchanges where it will begin trade next week, it said on Thursday.