Zain - Kuwait

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Recent Articles

• Profit taking sees Saudi market close lower26 May 2009

  UPDATE 8: Qatar index suffers largest one day decline in 5 weeks, Dubai closes higher.

• Kuwait's Zain buys majority stake in Paltel18 May 2009

  UPDATE 3: Share swap deal sees 1.5m subscribers added to customer base.

• Zain buys 56% stake in Palestinian telecom firm 18 May 2009

  Kuwait firm obtains stake as part of share swap with PalTel that operates in Gaza.                                                                                                                                                                                                                                                                        

• Zain seals deal for Paltel18 May 2009

  Mobile operator Zain has completed a share swap deal for Paltel that will see it take control of Palestine’s only mobile operator

• Zain adds 3G capability to 'One Network'12 May 2009

  Kuwaiti mobile operator targets business travelers with improved roaming data service

• Zain Bahrain to offer mobile entertainment10 May 2009

  Mobile operator to offer its customers music and video downloads after forming partnership with entertainment giant

• Zain sees Q1 profits rise 3.3%5 May 2009

  Kuwaiti telco operator benefits from expansion programme abroad as customer base increases.

• Zain poised to make 2,000 job cuts before 20114 May 2009

  Kuwait's mobile phone operator announces plans to cut its 15,500 strong workforce.

• Abu Dhabi banks rally, Gulf tracks global gains30 April 2009

  UPDATE 3: Qatar QSI posts the strongest gains in the region, rallying more than two percent.

• Kuwait's Zain eyes $5bn for buys by 2011 - paper12 April 2009

  Telco eyes expansion in Asia, MENA region and is currently in talks to move into Syria - CEO.

• Zain sees Q1 net profit close to 2008 level 2 April 2009

  Kuwait's Mobile Telecommunications Co sees first-quarter net profit to be close to $251m - paper.

• Middle East operators eye Indian expansion26 March 2009

  Etisalat and Zain reveal details of their plans to expand in India

• Dubai ends up, Taqa leads Abu Dhabi gains15 March 2009

  UPDATE3: Investors see value in Abu Dhabi National Energy's expansion plans.

• Zain to acquire 31% stake in Wana15 March 2009

  Zain set to gain foothold in Morocco after agreeing to invest in Wana.

• Zain takes 31% stake in Wana14 March 2009

  Kuwaiti mobile telco confirms $324m stake in Wana, a unit of Morocco's biggest conglomerate ONA.

• Saudi Zain's CEO steps down11 March 2009

  Telecoms company chief Marwan al-Almadi resigns, according to statement on Saudi exchange website.

• Telkom seen as takeover target 10 March 2009

  Africa's biggest fixed-line phone operator could be an acquisition target for Gulf-based companies.

• Kuwait shares post major gains2 March 2009

  Market posts biggest one-day gain since December as stalled economic reforms may now speed up.

• Abu Dhabi ends in green for ninth straight day2 March 2009

  UPDATE4: Taqa adds most points to ADI; Dubai's DFM, Saudi close lower.

• Zain Group posts record results for 20082 March 2009

  Strong full year results dented by decline in fourth quarter profits

• Zain on track to meet profit expectations1 March 2009

  Kuwaiti mobile telco set to meet net profit goal in 2009 after posting a 1.8% rise in Q4 2008 earnings.

• Plan to charge for incoming calls to mobiles - Kuwait17 February 2009

  Two unnamed telecomms firms plan to reintroduce fees for calls from landlines.

• Kuwaiti operators consider incoming call charges17 February 2009

  Sources blame increased network pressure and high Ministry fees as reasons behind decision

• Zain sticks with 'challenging' subscriber targets16 February 2009

  Kuwaiti mobile telco firm reiterates African subscriber targets, despite global economy.

• Kuwait's Zain eyes 3 new acquisitions 15 February 2009

  Mobile Telecommunications CEO tells paper, company is exploring options in MENA region.