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Top related persons:
Toby Melville - 1 Hatem Dowidar - 1 Dowidar - 1 Jana Choukeir - 1 Clauda Tanios - 1 Louise Heavens - 1
Top related locs:
London Britain DUBAI British UAE
Top related orgs:
Vodafone - 1 REUTERS - 1 CNBC Arabia - 1 Etisalat - 1 SEC - 1 British - 1 Thomson - 1

Search resuls for: "CNBC Arabia"


2 mentions found


☆ UAE's e& offers to increase stake in Vodafone by 20%, CEO tells CNBC Arabia
  + stars: | 2023-08-02 | by ( Jana Choukeir Ahmed Elimam | Jana Choukeir | Ahmed Elimam | ) www.reuters.com   time to read: +1 min
Branding is displayed for Vodafone at one of its stores in London, Britain, June 14, 2023. REUTERS/Toby Melville/File PhotoDUBAI, Aug 2 (Reuters) - UAE's e& (EAND.AD) has submitted an offer to increase its stake in Vodafone (VOD.L) by 20%, e&'s CEO Hatem Dowidar told CNBC Arabia on Wednesday. The company formerly known as Etisalat, e& has been gradually building up its stake in the British telecoms company ever since it took a 9.8% stake for $4.4 billion in May 2022. The UAE operator's cooperation with Vodafone is awaiting regulatory approvals in countries where the British company operates, which "include an agreement to regulate relations between the two companies, and also the possibility of increasing our stake to 20%," Dowidar said. Reporting by Jana Choukeir, Writing by Clauda Tanios, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Hatem Dowidar, Dowidar, Jana Choukeir, Clauda Tanios, Louise Heavens Organizations: Vodafone, REUTERS, CNBC Arabia, Etisalat, SEC, British, Thomson Locations: London, Britain, DUBAI, British, UAE
☆ Egypt signs $1.5 billion financing agreement with ITFC, CNBC Arabia reports
  + stars: | 2023-01-22 | by ( ) www.reuters.com   time to read: 1 min
Jan 22 (Reuters) - Egypt has signed a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation (ITFC) to fund its trade needs, including for importing energy products and essential commodities, CNBC Arabia wrote on Twitter, citing the ITFC's chief executive officer. Last year Egypt signed a similar agreement, also worth $1.5 billion, with the corporation, which is headquartered in Jeddah in Saudi Arabia and often funds Egypt's commodities imports, including grains and petroleum. Reporting by Nayera Abdallah; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
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