Saturday 12 July 2014
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


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.


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


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


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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