Thursday 18 September 2014
 
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Kharafi

Arabtec denies plans to buy Kuwait's Kharafi

Dubai builder Arabtec on Wednesday denied that it planned to acquire Kuwaiti construction firm Kharafi National. Sources familiar with the discussions told Reuters on Monday that Arabtec had been in talks with Kharafi National, pa

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Arabtec 'in talks to buy Kuwait's Kharafi'

Arabtec Holding, Dubai's largest listed construction firm, is in the advanced stages of talks to fully acquire a construction company in Kuwait's Kharafi Group, two sources aware of the discussions said. The Dubai firm is

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Kharafi wins $930m damages from Libya

  Libya will have to pay Kuwait's Kharafi group $930 million in damages for former leader Muammar Gaddafi's cancelling of the construction of a vacation resort, Kuwaiti newspapers reported o

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Kuwait's Kharafi says committed to Zain

Major Zain  shareholder Kharafi Group, which has twice tried to sell its stake in the Kuwaiti telecoms operator, will now stick with its holding as the firm embarks on expansion plans. Bader al-Kharafi, whose family and related compan

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Zain still seen for sale despite shareholder death

Kuwait's Zain should remain for sale despite the death of Nasser Al-Kharafi, one of telecom operator's top shareholders and former chairman of the Kharafi group. "It all depends on who succeeds Kharafi, but Zain is likely to still be up fo

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NBK Q1 net profit rises 5.8pc to $291m

National Bank of Kuwait (NBK), the country's biggest lender, reported a small estimate-beating increase in first-quarter profit on Sunday, but shares fell after news that a prominent board member had died. The bank reported a net profi

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Kuwaiti billionaire Nasser Al-Kharafi, 67, dies

The billionaire chairman of the Kuwaiti conglomerate Kharafi Group, a major shareholder in telco Zain , has died in Cairo from a heart attack, a Kharafi Group source said on Sunday. Nasser Al-Kharafi headed the Kuwaiti family-owned firm wh

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Etisalat's $12bn bid for Zain fails

Abu Dhabi-listed Etisalat's  attempt to buy a stake in Kuwaiti rival Zain for $12 billion has failed, a Zain source said, after the deal's architect walked away.    National Investments Co (NIC), the investment

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Turkey firm 'in talks for $7.89bn Zain stake'

Turkey's Cukurova Holding is in talks to buy 29.9 percent of Kuwaiti telecom Zain for $7.89 billion, CNBC Arabiya reported, just days ahead of a deadline for Etisalat's $12 billion bid.    Cukurova has offered 1.72 dinars p

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Kharafi unit not notified of Zain deal extension

A unit of Kuwait's Kharafi Group, a major shareholder in Zain, said it has not been notified by the group or UAE's Etisalat about extending a deadline for the 46 percent sale of Kuwaiti telecoms firm. "National Investments Co (NIC), states

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