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
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.
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
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-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.