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Omantel halts stake sale
- Oman: Tuesday, December 30 - 2008 at 09:34
Oman's Ministry of Finance has decided to scrap the proposed sale of a 25% stake in Omantel as a result of the current conditions in the global capital markets. Darwish Esmail Al Balushi, secretary general of the Ministry of Finance said the unprecedented market volatility and economic conditions has led the government to stop the sale process.
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StaffTuesday, December 30 - 2008 at 09:34 UAE local time (GMT+4)
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