Tuesday, Jun 21, 2011

The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on June 21.

PAN ARAB:

ASHARQ AL AWSAT

SUDAN DISCOVERS 90M TONS OF PHOSPHATE, POTASSIUM

Sudan has discovered 90 million tons of mineral reserves consisting of phosphate in its Red Sea province and potassium in northern Khartoum, said Abdul Bagi Gailani Ahmed, state minister at the country's ministry of minerals.

Website: www.aawsat.com

KUWAIT:

AL WATAN

KUWAIT'S MUSHRIF INKS KWD27.9M DEAL FOR LOCAL SEWAGE PROJ

Kuwait's Mushrif Trading and Contracting Co. has signed a 27.88 million Kuwaiti dinars ($101.5 million) contract with the ministry of public works to implement a local sewage project.

KUWAIT SAFAT RE IN ADVANCED TALKS TO RESCHEDULE KWD41M DEBT

Kuwait's Al Safat Real Estate Co. is in talks with Kuwait Finance House and Commercial Bank of Kuwait to reschedule its debt amounting to 41 million Kuwaiti dinars ($149.3 million).

Website: www.alwatan.com.kw

UNITED ARAB EMIRATES:

AL ITTIHAD

ABU DHABI BOURSE SEEKS TO CREATE PARALLEL MKT FOR PVT COS

The Abu Dhabi Securities Exchange, or ADX, is studying means to create a new trading category under which the shares of private shareholding companies will be listed and traded.

Website: www.alittihad.ae

By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

Copyright (c) 2011 Dow Jones & Co.

(END) Dow Jones Newswires

21-06-11 0936GMT