Tuesday, May 08, 2012
The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on May 8.
KUWAIT:
AL ANBA
KUWAIT'S AREF ENERGY TO COMPLETE SUDAN DIVESTMENT SOON
Kuwait's Aref Energy Holding Co. (AREFENRGY.KW) expects to complete the sale of its 64.25% stake in Sudan's Higleig Petroleum Services and Investment Co. in the near future where it will incur a loss of 4 million Kuwaiti dinars ($14.4 million).
Website: www.alanba.com.kw
AN NAHAR
KUWAIT NIC PLANS INVEST RESTRUCTURE; MANAGES PORTFOLIOS WORTH $7B
Kuwait's National Investments Co. (NINV.KW), or NIC, which is managing portfolios and funds worth more than $7 billion, plans to restructure its investments in light of recent developments in the local and global markets.
Website: www.annaharkw.com
BAHRAIN:
AL WASAT
BAHRAIN IN TALKS WITH US FIRM TO SET UP SOLAR POWER PLANT
Bahrain is in final talks with U.S.-based Petra Solar to set up a local power plant that will use solar energy to generate five megawatts of electricity, said Bahraini Energy Minister Abdul Hussein Mirza.
Website: www.alwasatnews.com
AKHBAR AL KHALEEJ
BAHRAIN MIN: $15B WILL BE INVESTED OVER 20 YRS TO BOOST OIL, GAS OUTPUT
Bahrain's energy minister Abdul Hussein Mirza said that nearly $15 billion will be invested in the next two decades in projects to develop his country's oil resources. The projects, being implemented by international firms, aim to triple the oil output of the Bahrain Field and double natural gas production to 2.7 billion cubic feet by 2024.
Website:
http://www.akhbar-alkhaleej.com (http://www.akhbar-alkhaleej.com)
By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
08-05-12 0900GMT
