Sandoz Egypt introduces OMNITROPE 15mg biosimilar growth hormone for the treatment of short stature    Egypt After 2025: Navigating a Critical Inflection Point    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's Environment Minister attends AMCEN conference in Nairobi    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    EU–US trade talks enter 'decisive phase', German politician says    Sri Lanka's expat remittances up in June '25    Egypt's Health Min. discusses drug localisation with Sandoz    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Diana Elias Reuters
Zain shareholder threatens to sue any Zain Saudi buyers
KUWAIT: Al Fawares Holding, a Zain shareholder unhappy with the telecom carrier's sale process, threatened to sue potential buyers of the firm's Saudi unit and to try to put Zain in receivership unless the deal with the UAE's Etisalat is made more (...)

05 - 12 - 2010
Kuwait Investment Dar's credit committee threatens to quit
KUWAIT: A committee representing most of the creditors of Kuwait's Investment Dar has threatened to quit if the company doesn't consider its new debt restructuring plan, Dar said on Sunday. Investment Dar, the Islamic firm which owns half of (...)

28 - 11 - 2010
Kharafi says Etisalat bid Zain stake is serious
KUWAIT: A major shareholder of Kuwait's Zain defended Etisalat's $12 billion offer to buy 46 percent of the telecoms carrier, questioning why another big Zain stakeholder pulled out of the deal and criticized it. In a dispute playing out in (...)

10 - 11 - 2010
Zain shareholder threatens lawsuit over stake sale
KUWAIT: A shareholder of Kuwait's Zain said on Tuesday it was suing the telecoms carrier's management for failing to gauge the seriousness of Etisalat's offer to buy 46 percent of the company. "Al Fawares Holding, as a major shareholder of Zain, (...)

09 - 11 - 2010
Kuwait's KAMCO, UAE's Anham partner on US army deal
KUWAIT: KIPCO Asset Management (KAMCO) and Anham FZCO LLC plan a joint logistics firm to execute Anham's prime vendor contract to supply the US military, the Kuwaiti firm's chief executive said on Thursday. Last April, Anham was awarded a $2.2 (...)

29 - 10 - 2010
Kuwait's Gulf Bank expects turnaround in Q3
KUWAIT: Kuwait's Gulf Bank expects the third quarter of this year to be a turnaround quarter as it executes a two-year plan to rebuild itself, its chief executive said on Tuesday. "What everybody expects is that this (third quarter) will be the (...)

19 - 10 - 2010
Kharafi receives enough Zain shares for Etisalat deal
KUWAIT: The Kharafi Group, a major Zain shareholder, has received enough shares to tender to Etisalat's offer for a 46-percent stake in the Kuwaiti telecoms firm, an executive said on Thursday. Kharafi unit National Investments Co. (NIC) had (...)

07 - 10 - 2010
Major Zain shareholder says Etisalat offer "suitable"
KUWAIT: Emirates Telecommunications Corp's offer to buy the Kharafi Group's stake in Zain is "suitable and good for both parties," the head of the Kharafi Group, said in a Kuwaiti newspaper on Thursday. The UAE telco, known as Etisalat, said a (...)

30 - 09 - 2010
Gulf price pressures down, not gone, says Kuwait c. banker
KUWAIT: Inflationary pressures in Gulf Arab countries have decreased significantly, but they must pay attention to rising global food prices, Kuwait's central bank governor said on Tuesday. Inflation in the world's top oil exporting region (...)

28 - 09 - 2010
Foreign banks eye Kuwait's $104 bln plan: report
KUWAIT: Foreign banks operating in Kuwait want to participate with local lenders in financing a 30 billion dinar ($104.1 billion) development plan aimed at boosting its private sector, state agency KUNA reported on Sunday. The banks are keen to (...)

22 - 08 - 2010
Agility confirms US move to dismiss charge vs unit
KUWAIT: Kuwait's logistics firm Agility on Sunday confirmed that US prosecutors have moved to dismiss fraud indictments against its subsidiary, Agility Holdings. Agility, formerly Public Warehousing Co, K.S.C. (PWC) was dropped from supplying (...)

08 - 08 - 2010
Trading in Kuwait's Agility halted on media report
KUWAIT: Trading in Kuwait's logistics firm Agility was halted on Thursday on a media report that U.S. prosecutors were going to drop fraud charges against it. The bourse did not mention the report in its brief statement, but Al-Watan daily quoted (...)

05 - 08 - 2010
Kuwait Oil Co awards Petrofac $430 mln contract
KUWAIT: Kuwait Oil Company said on Wednesday it has awarded Petrofac Ltd a 123.3 million dinar ($430.8 million) contract to inject mixed effluent and seawater into 69 wells in northern Kuwait. The state-owned firm said the project in Sabriyah and (...)

04 - 08 - 2010
BP asks Kuwait sovereign fund to raise stake, Kuwait denies offer
KUWAIT: BP Plc has asked Kuwait's sovereign wealth fund to raise its share in the company to three percent, the Al-Anbaa newspaper reported on Monday. Quoting a Kuwait Investment Authority official it did not identify by name, the paper said BP's (...)

02 - 08 - 2010
Kuwait Food Co says exec management unaware of buyer
KUWAIT: The Kuwait Food Co (Americana) said on Thursday its managers did not know of any offers to buy half of its shares. The Kharafi Group company said in a statement to the bourse its "executive management is not informed about this". It did (...)

29 - 07 - 2010
Kuwait's NBK booked $81 mln provisions in Q2
KUWAIT: National Bank of Kuwait , booked 23.5 million dinars ($81.29 million) of provisions in the second quarter and expects a tougher second half, its chief executive said on Wednesday. "As for specific provisions, we booked around 5.5 million (...)

14 - 07 - 2010
Kuwait raising oil production from north, says report
KUWAIT: Kuwait will raise production from its northern oilfields to 820,000 barrels per day (bpd) by the end of July, a senior oil official said in remarks published on Tuesday. Sami Al-Rushaid, chief executive of state-run oil and gas (...)

29 - 06 - 2010
Half of Kuwait's oil output comes from Burgan: report
KUWAIT: Half of Kuwait's oil production comes from Burgan, the second largest oilfield in the world, a senior oil official said in remarks published on Sunday. That would indicate the field was pumping just over a million barrels per day (bpd), (...)

27 - 06 - 2010
Kuwait not exiting BP, mulling China bank IPO, says report
KUWAIT: Kuwait's sovereign fund is not considering exiting its investment in BP and believes the energy giant's future is not threatened by the Gulf of Mexico oil spill, a newspaper reported on Sunday. Quoting sources it did not identify by name, (...)

06 - 06 - 2010
Zain to pay out big part of sale proceeds
KUWAIT: Kuwaiti mobile operator Zain will distribute a large part of its returns from a $9 billion sale of assets to India's Bharti Airtel to its shareholders, Zain Chairman Assad Al-Banwan said on Thursday. In March, Zain struck a deal selling (...)

27 - 05 - 2010
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