Monday, Nov 28, 2011
The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on November 28
KUWAIT:
AL WATAN
KUWAIT HITS TELECOM HIKES STAKE IN SPAIN UNIT TO 100%
Kuwait-based Hits Telecom Holding Co. has increased its stake in its unit Hits Telecom Spain Co. to 100% from about 68.7%.
KUWAIT FIN HOUSE UNIT INKS KWD11.5M DEAL FOR BUILDING PROJ
Kuwait's KMC Holding, a construction and project management unit of Kuwait Finance House, has signed a 11.5 million Kuwaiti dinars ($41.52 million) deal with the public works ministry to construct a government building.
Website: www.alwatan.com.kw
AL ANBA
KUWAIT KPC EYES KUFPEC CAP HIKE TO FUND AUSTRALIA LNG JV
State-run Kuwait Petroleum Corp., or KPC, may raise the capital of its unit Kuwait Foreign Petroleum Exploration Co., or Kufpec, to about 1 billion Kuwaiti dinars ($3.61 billion) to partly finance a liquefied natural gas, or LNG, joint venture in Australia.
Website: www.alanba.com.kw
BAHRAIN:
AL WASAT
BAHRAIN'S BMB TO HIKE CAP TO $130M WITHIN 3 YEARS
Bahrain Middle East Bank, or BMB, plans to increase its issued capital within three years to nearly $130 million from the current $54.95 million.
Website: www.alwasatnews.com
By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
28-11-11 0900GMT
