DUBAI - Three Gulf state-owned firms have teamed up to bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa (MENA) business in a deal likely to be worth about $8-10 billion, three banking sources said on Monday.
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WASHINGTON - A minimalist U.S. budget deal that congressional negotiators hope to reach in coming days will do almost nothing to tame rising federal debt, but it could usher in a nearly two-year fiscal truce, minimizing the risk of future funding crises and government shutdowns.
LONDON - Bob Diamond, the former boss of Barclays , is set to return to banking by listing a shell company in London in the next few weeks to invest in the African financial sector, a source familiar with the matter said.
JOHANNESBURG - Fifty-nine foreign heads of state or government have said so far they will attend either the memorial ceremony or the state funeral of Nelson Mandela in South Africa in the coming week, a foreign ministry spokesman told Reuters.
JOHANNESBURG - From political posters to bottles of wine and kitchen aprons, the face and name of Nelson Mandela are a potent commercial and political brand in South Africa. Little wonder it's so sought after - and the source of occasional squabbles.
Washington - President Barack Obama will attend the national memorial service in Johannesburg on Tuesday for former South African President Nelson Mandela who died on Thursday, the White House said.
CAIRO - Harboring grudges that date back to the ouster of Hosni Mubarak in 2011, Egypt’s Interior Ministry and police, not the army, were prime movers in overthrowing the country’s first democratically elected president, Mohamed Mursi. Full Article | Slideshow