DUBAI, Dec 2 (Reuters) – Etisalat could resurrect
talks to sell its Sudanese telecom arm Canar to Kuwait’s Zain
, as both sides remain keen on a deal despite a
breakdown in negotiations earlier this year, a source close to
the matter said.
Zain Sudan is the African country’s No.1 mobile company.
Buying Canar – the top fixed-line carrier – would be in line
with Zain’s broader strategy, as outlined by chief executive
Scott Gegenheimer in October, of moving beyond mobile to provide
bundled services to corporates and individuals.
DUBAI, Dec 1 (Reuters) – Telecom operator Zain
wants to retain majority control of its Bahraini subsidiary
after the unit’s initial public offering, but has yet to agree
the exact terms of the share sale, the Kuwaiti firm’s chief
executive said on Sunday.
Zain Bahrain must float 15 percent of its shares and list on
Bahrain’s bourse by year-end.
DUBAI, Nov 28 (Reuters) – Saudi Arabia’s second-biggest
telecoms operator, Mobily, has extended talks with
four shareholders in Etihad Atheeb until Jan. 30 as it
seeks to buy their stakes in the loss-making fixed-line
If completed, it would give Mobily majority control of
Atheeb and enable it to provide fixed-line services directly,
helping it retain customers and draw new ones with bundled
packages of Internet, television and phone calls.
DUBAI, Nov 26 (Reuters) – Batelco will go to a
British court in May in a bid to recoup $185 million from a
failed Indian venture, as the Bahraini firm tries to avoid
following Gulf peer Etisalat in suffering big losses
on the subcontinent.
The ongoing troubles of Batelco and the United Arab
Emirates’ Etisalat show the difficulties some foreign telecom
operators have found working in a competitive Indian market.
DUBAI, Nov 25 (Reuters) – The UAE telecom regulator on
Monday fined former monopoly Etisalat for blocking
text messages that would have provided its customers with
details on how to switch to rival operator du.
The penalty is a rare rebuke in the United Arab Emirates,
where both operators are majority-owned by state institutions
and the regulator is often seen by analysts as more interested
in protecting the companies’ revenues than standing up for
ISLAMABAD/DUBAI, Nov 24 (Reuters) – Etisalat has
told Pakistan it will not the pay the $800 million it owes the
government from buying a stake in the country’s state telecom
operator until a property dispute is entirely resolved, two
senior finance ministry sources said.
The money owed, which dates back to last decade, would
provide vital funds for Pakistan’s cash-strapped government, but
Etisalat will not pay up until affiliate Pakistan
Telecommunication Co Ltd (PTCL) receives ownership of
the final 10 properties out of about 3,000 it is due, the
sources, speaking on condition of anonymity, told Reuters.
DUBAI (Reuters) – Turn on a Saudi television and you’ll usually get a diet of religious programming and uncontroversial imported fare. But there’s much more to a “night in” for the average Saudi – they’re also the world’s most avid watchers of YouTube.
The programs of Jeddah-based UTURN, from drama to reality shows, are typical. “3al6ayer”, or “On the Fly”, is a Saudi version of “The Daily Show with Jon Stewart”. “Eysh Elly” is a lighthearted weekly review of Arab online videos.
DUBAI, Nov 18 (Reuters) – Dubai Investments aims
to raise $300 million from a debut sale of Islamic bonds by the
end of 2013 after delaying a similar plan early this year due to
rising interest rates, its chief executive said.
The conglomerate, which has interests in several sectors
including property and manufacturing, had in April picked
Citigroup Inc, Nomura and J.P. Morgan Chase & Co
to help arrange the sale.
DUBAI (Reuters) – World number three Henrik Stenson blasted a final round 64 to clinch Dubai’s DP World Tour Championship on Sunday, also topping Europe’s money list for 2013 after his six-stroke victory in the desert finale.
The Swede, who followed up his triumph at the U.S. PGA Tour’s end-of-season FedExCup in September, pocketed the $1.33 million first prize and an additional $1 million from the tour’s bonus prize pool.
DUBAI (Reuters) – The European Tour will review the qualifying rules for its Final Series after three of the circuit’s most notable golfers failed to compete in the season-ending finale in Dubai, its chief executive said on Sunday.
Struggling to keep up with its richer U.S. rival as more non-American players opt to play primarily in the United States, the European Tour introduced the four-tournament series this year, offering combined prize money of $30.5 million in a similar format to the PGA’s FedExCup.