Kuwait's Americana says major shareholder reviewing stake
Kuwait Food Co. (Americana) asked for its shares to be suspended on the Kuwaiti bourse on Wednesday after its main shareholder said it was reviewing its portfolio, including its stake in the firm.
MIDEAST STOCKS-Emaar Malls IPO may temporarily siphon more money from Dubai
Dubai's bourse may remain soft on Wednesday as retail investors temporarily take money from the market in order to participate in the initial public offer of Emaar Malls Group (EMG), while Saudi Arabia and Egypt look more positive.
Mobile operator Ooredoo Kuwait cuts jobs as market share, profits shrink
Ooredoo Kuwait OORE.KW has cut 165 jobs, the Gulf country's No.3 mobile operator by subscribers said on Tuesday, as its market share shrinks and profits fall.