Kuwait's Zain says sued for USD4.5bn over Iraq telco buy
Zain is being sued for USD 4.5 billion over its 2007 acquisition of an Iraqi telecom operator, the Kuwaiti firm said in a bourse statement on Sunday.
You can still make money on the GCC stocks markets: analyst
The Gulf stocks markets are expected to continue their steady upward momentum, thanks to strong macro-economic growth and revival of the IPO market, said Arjuna Mahendran, Chief Investment Officer at Emirates NBD, in a note.
Kuwaiti telecom operator Zain signs USD250m Islamic loan
Kuwait's Zain has secured a USD 250 million four-year Islamic loan from a syndicate of three Gulf banks, the telecommunications operator said.