Monday 22 December 2014
 
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Kuwait firm

GBI signs Kuwait capacity sales pact

FastTelco, a Kuwait-based communication company, has announced the signing of a capacity purchase agreement with Gulf Bridge International (GBI). A regional cable operator funded by Gulf state sovereign wealth funds, GBI said the agreement

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Kuwait Aayan signs $744m restructuring deal

Kuwaiti Islamic firm Aayan Leasing and Investment Company on Monday signed a KD205 million ($743.6 million) debt restructuring deal with creditors. This amount is 62 per cent of the Aayar's total debts, it said in a statement.

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Global Investment cancels capital hike plan

Kuwait's Global Investment House shareholders will vote later this month on cancelling a previous approval of a 76 per cent capital hike. Global's shareholders will vote on April 28 on 'cancelling the approval of the general as

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Kuwait Gulfinvest told to liquadate assets

Gulfinvest International, dropped from the list of investment firms in Kuwait, was asked by the Ministry of Trade and Industry to liquidate its assets, a local paper said on Thursday citing sources. Arabic newspaper al-Rai said the ministr

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Kuwait firm buys stake in Egypt's Kandil Glass

Kuwait-based investment company, North Africa Holding Company (Norah), said it has acquired a 50 per cent stake in Kandil Glass, one of Egypt’s leading manufacturers of glass containers, in line with its regional expansion plans. Beltone I

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