Orascom Telecom has announced that it will be dropping its bid to take over Wind Mobile Canada, under the Investment Canada Act, despite its strong interest in the company after discussions with Canada’s federal government. Wind Mobile Canada is among the rising companies trying to challenge the main cellphone wireless carriers in Canada. In the […]
The coronavirus outbreak has caused a surge in spending and a drop in revenues for state coffers pushing the government to review the targets and spending schemes under the 2020 budget while maintaining priority for social spending. The administration has adopted austerity measures to reduce unnecessary spending saving some $200 million that was scheduled for […]
Egyptian Prime Minister Mostafa Madbouli on Monday held a meeting with the Ministers of Trade and Industry, as well as the authorities of the state-owned oil company to discuss ways to fuel cars with natural gas in the North African nation. According to the Prime minister, it is important to use the available resources in […]
