Wednesday, May 23, 2012
The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on May 23.
KUWAIT:
AL QABAS
KUWAIT KMEFIC SAYS NOT UNDER DEBT PRESSURE; EYES DIVESTMENT
Kuwait and Middle East Financial Investment Co. (KMEFIC.KW) isn't under any debt pressure as its financial obligations totaling 24 million Kuwaiti dinars ($85.9 million) are worth half its assets and have been rescheduled to 2014. Kmefic is seeking to exit some of its investments and assets if a good opportunity arises.
Website: www.alqabas.com.kw
BAHRAIN:
AL WASAT
BAHRAIN TO AWARD DEAL FOR BUILDING LNG TERMINAL BY YR END
Bahrain is expected to award by year-end a deal for setting up a local terminal for the import of liquefied natural gas, or LNG, said the Gulf state's energy minister Abdul Hussein Mirza.
Website: www.alwasatnews.com
OMAN:
AL WATAN
OMANI BANK NIZWA'S 40% IPO RECEIVES HUGE RESPONSE
The initial public offering of 600 million shares of Bank Nizwa--Oman's first Islamic lender--has received a huge response from investors.
Website: www.alwatan.com
By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
23-05-12 0834GMT
