10 of theil giant, subsidiary could be sold off. Tracy alloway spoke exclusively to the ceo and asked for more details about the plan geared the plan. At least 10 . Higher, go a little that will depend on how the market is over the next few weeks. Tracy is there particular valuation you are targeting . Not really. [indiscernible] a oneofakind ipo in the region. Ist we are trying to achieve a way to ensure an unprecedented [indiscernible] market and domestic and local investors to work alongside. Tracy there are of course rumors you might look to float other businesses. What else might be in the pipeline . Were looking for ways to maximize value to shareholders while keeping it wholly owned. Having said that, we are looking at exploring the whole value chain with the main focus being on service systems. Tracy you keep rolling out a listing at the Holding Company level, you did it earlier today during your speech. Why is that . You have a neighbor across the border that is listing at the
Oil giant, 10 of the subsidiary could be sold off. Plans to pay shareholders 400 million in 2018 and 2019. Tracy alloway spoke exclusively to the ceo and asked for more details about the plan. The announcement said at least 10 . We might go a little higher, that will depend on how the market is over the next few weeks. Tracy is there particular valuation you are targeting . Not really. A firstto demonstrate of its kind ipo in the region. What we are trying to achieve is a way to ensure an unprecedented [indiscernible] market and domestic and local investors to work alongside. Tracy there are of course rumors you might look to float other businesses. What else might be in the pipeline . Were looking for ways to maximize value to shareholders while keeping it wholly owned. Having said that, we are looking at exploring the whole value chain with the main focus being on service systems. Tracy you keep rolling out a listing at the Holding Company level, you did it earlier today during your
Death, what does this mean for the president s trip to india, would he have to cancel that would he go to saudi arabia . The white house established Vice President biden would lead a delltation to saudi arabia and that the president s plans in india would continue. But then news broke in india from officials here that the president had cut his trip short. Not by a long period of time. In fact less than a day. Hell still be able to give remarks on tuesday. Once that broke, then the white house did release a statement early this morning saying that was the case that they they said they looked at the schedules of when the Vice President would land in saudi arabia versus when the president was scheduled to leave india and decided it was just too tight a window of time why not have president obama continue on to saudi arabia on his way back to the u. S. Again, not cutting his trip here short by much. Our question was, why decide that now . Werent these schedules known in the beginning when
A heat flash over the sinai peninsula. That infrared flash coming at the same time the russian passenger jet on the way from the egyptian resort to st. Petersburg. The flash does not prove or disproved claims this was a terrorist attack. For the latest on the investigation, lets bring in cnns ian lee with the details from cairo. They are pressured to come up with a cause. Reporter thats right, alison. They continue to urge patience. They say this is not going to happen overnight. The latest bit of information coming about the heat flash. We are hearing that u. S. Military and intelligence analysts are going over the ground. There are a number of possibilities. It could have been a missile, but this is the most unlikely because militants dont have the ability to take down a jet at 30,000 feet. The other possibility is a bomb. We know investigators on the ground are checking for residue on the aircraft and everywhere else. We are not hearing any evidence that points in that direction. Al
Im George Howell. Good day to you. We start with the crash of metro jet flight the 268. Recovery crews are still in the peninsula searching for bodies in the wreckage. There were 224 people on that flight. No survivors. Most on board were russians. They were flying to st. Petersburg from a resort town. Its not exactly clear what caused the plane to crash. Egypts Civil Aviation minister says there were no warning signs. Translator if the pilot doesnt report any faults on the plane, all that will be carried out is routine maintenance checks. There were no reports that the airplane had faults. The checks done before takeoff did not reveal anything. Up until the crash happened, we were never informed of any faults in the plane, nor did we receive any s. O. S. Calls. Both flight recorders have been recovered and are being analyzed in cairo. They believe some sort of mechanical problem cautioned the crash. They dont believe terrorism was a factor, that despite a claim of responsibility from