Thursday, Aug 09, 2007
The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on August 9 as of 0626 GMT.
PAN ARAB
ASHARQ Al AWSAT:
Saudi Prince Alwaleed's Rotana, LBC Sat To Merge, Stay Independent
Rotana satellite television, owned by Prince Alwaleed Bin Talal, announced Wednesday that it is merging with Lebanese Broadcasting Corporation Satellite, or LBC Sat.
Alwaleed also owns a 49% stake in LBC Sat.
The paper quoted a statement as saying that the two entities - Rotana and LBC Sat - will remain organizationally and financially independent; however, they will form a unified platform to better suit the audience.
The paper didn't give any financial details about the deal.
Web site: http://www.asharqalawsat.com
KUWAIT
AL WATAN:
Kuwait's Global Securities House Buys Land In Dallas
Kuwait's Global Securities House has bought the Kerr-McGee Place Office building site in Dallas, the Kuwait-based Al Watan daily reported Thursday.
The site is located in Dallas' North Central Medical Corridor, a 2.5 mile stretch that has seen $500 million of investments in healthcare facilities.
The land comprises 61,000 square feet of rentable area and 217 parking spaces.
Web site: http://www.alwatan.com/kw
JORDAN
ADDUSTOUR:
Jordan's Ad Dulayl To Hold JOD7M Secondary Offering
Jordan's Ad Dulayl Industrial Park will hold a secondary offering of 7 million Jordanian dinars ($10 million) to increase its capital to JOD21 million from JOD14 million, the Amman-based Addustour daily reported Thursday.
The price per share will be JOD1.0 and a premium issue of JOD0.5.
The capital increase will finance Ad Dulayl's free zone project and its Baiet Al Reaf residential project in Amman.
Web site: http://www.addustour.com
-Dubai Bureau, Dow Jones Newswires; +9714 364 4961, djnews.dubai@dowjones.com
(END) Dow Jones Newswires
09-08-07 0626GMT
