The Ministry of Communications is dependent on technological and creativity zones and electronic manufacturing to attract foreign investments
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The Ministry of Communications and Zain agree to continue discussions
Reuters – Zain is being sued for $4.5bn over its 2007 acquisition of an Iraqi telecom operator, the Kuwaiti firm said in a bourse statement on Sunday. Zain bought Iraqna for $1.2bn from Orascom Telecom in December 2007 after the Egyptian firm dropped out of the running for a long-term mobile licence in Iraq. The …
Reuters – Kuwait’s Zain has finalised an $800m, five-year loan facility from 11 banks, the telecommunications operator said on Tuesday. Zain, which has operations in eight countries in the Middle East and Africa including Sudan, Iraq and Saudi Arabia, said it originally planned to raise $600m, but increased the facility’s size because of what it …
Zain Bahrain missed a 2013 deadline to do so, but a source last week told Reuters that the company planned to launch its share sale by the end of June in what could be the island’s first IPO since 2010.
In March, it had told service providers to work with the developers of such applications to “quickly meet the regulatory conditions.”