Saturday 19 April 2014
 
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Zain

Zain Saudi Q1 net loss narrows

Zain Saudi reported a first-quarter loss on Wednesday which narrowed from a year earlier and beat analyst forecasts as the telecom operator cut costs and data revenue surged. Saudi Arabia's No 3 mobile company, 37-percent owne

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Kuwait Zain signs $250m Islamic loan

Kuwait's Zain has secured a $250 million four-year Islamic loan from a syndicate of three Gulf banks, the telecommunications operator said on Wednesday. Zain, which operates in eight countries in the Middle East and Africa, ha

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Bahrain firms plan IPOs

Telecom operator Zain Bahrain and a firm involved in running petrol stations are among the firms preparing for an initial public offer (IPO) of shares on Bahrain's stock exchange this year, a top bourse official said. IPOs hav

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Zain finalises $800m, five-year loan facility

Kuwait's Zain has finalised an $800 million, five-year loan facility from 11 banks, the telecommunications operator said. Zain, which has operations in eight countries in the Middle East and Africa including Sudan, Iraq and Sa

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Zain revamp may hit services

Zain Bahrain is in the final stages of implementing its new network and this may result in service interruptions, it said last night. On Sunday, customers in some areas faced a temporary service disruption, said a report in the Gu

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Zain Bahrain moves step closer to key IPO

Zain Bahrain has moved a step closer to launching a long-awaited initial public offer of its shares after the telecommunications operator announced its intention to become a public company in a government newsletter. Under the ter

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Zain launches interactive platform for bloggers

Zain Bahrain has announced the launch of Zweetup, a dedicated platform that aims to bring together and create an interactive forum for social media enthusiasts and bloggers. Through Zweetup, Zain Bahrain will be developing a calen

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Zain posts near-flat Q4 profit

Zain, Kuwait's No.1 telecommunications operator, reported near-flat fourth-quarter profit on Monday, missing analysts' estimates. The former monopoly, which operates in eight countries in the Middle East and Africa, made a

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Zain seeks new $867m loan facility

Kuwait's Zain has sought proposals from banks for a loan worth hundreds of millions of dollars, two banking sources said on Tuesday, as the telecom company raises cash before an existing $867 million debt facility matures. The

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Zain, Ericsson in billing partnership deal

Zain, a leading telecommunications operator in the Middle East and Africa region, has partnered with Ericsson to implement its innovative Charging & Billing in One (CBIO) solution across its Gulf operations. The company will b

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