Money News in Brief

Mergers, Acquisitions and Financial Results

- Etisalat will invest nearly $500 million to develop and improve its network infrastructure in Egypt to offer 4G connectivity of up to 100 megabits a second to its customers, reports news service Zawya, citing the operator’s CEO, Saeed Al Hamli. Al Hamli told Zawya said that it is expecting bids from companies, which will be selected for the project, “parts of which have already undergone preliminary testing”.