Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Bahrain's Batelco acquires 46 percent stake in Quality Net  Join our daily free Newsletter

MENAFN - 10/04/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN) Bahrain's Batelco Group said it acquired more 46 percent shareholding of Ali Alghanim and Sons General Trading and Contracting Company's (Alghanims) in Quality Net, according to Gulf Daily News

Batelco's equity stake in Quality Net now reached 90 percent from 44 percent

Batelco has signed an agreement with the Alghanims in February tpurchase their stake in Quality Net, an Internet and data service provider operating in Kuwait

Batelco Group chairman Shaikh Hamad bin Abdulla Al Khalifa said: "The acquisition provides the right kind of fit for the group to enhance future value of its international operating companies by realising cost efficiencies and further telecom opportunities.



  MENA News Headlines
 Oct 27 2016 - Jerusalem reference revealed on ancient wine ledgerMENAFN
(MENAFN) Israeli archaeologists have discovered an ancient wine ledger they believe contains the earliest written reference to Jerusalem outside the Bible.In detail, the Israel Antiquities Authority ...

 Oct 27 2016 - Air raids killed in Syria's Idlib kill 26MENAFN
(MENAFN) Syrian activists have said at least 26 people, many of them children, have been killed in air strikes on a rebel-held village in north-western Syria.In detail, a school complex was ...

 Oct 27 2016 - IS takes hostages as Iraqi forces advance in MosulMENAFN
(MENAFN) The Iraqi policeman wept beside his convoy, stopped in a village near the front line.For two years he had prayed he would again see the family he had left behind when his village near Mosul ...

 Oct 27 2016 - Yemeni army attack strategic province in YemenMENAFN
(MENAFN) Yemeni army units backed by an Arab coalition attacked positions held by Houthi rebels in a strategic province east of the capital on Wednesday, a day after a U.N. envoy delivered a peace ...

 Oct 27 2016 - YPG to participate in coalition effort to isolate IS's RaqqaMENAFN
(MENAFN) The top U.S. military commander in Iraq said on Wednesday Kurdish YPG militia fighters will be included as a part of the force to isolate the Islamic State-held Syrian city of Raqqa.On ...

 Oct 27 2016 - Assailants attack Gas tanker near key shipping lane off YemenMENAFN
(MENAFN) Unknown assailants attacked a gas tanker off the coast of Yemen close to the Bab al-Mandab waterway in the latest flare up in an area through which much of the world's oil passes.In detail, ...

 Oct 27 2016 - Iraq urges investors to increase its oil outputMENAFN
(MENAFN) As OPEC gathers in Vienna next month to consider cutting its oil output, a lower profile event in Baghdad on the same day will signal Iraq's longer term ambition to do precisely the ...

 Oct 27 2016 - Bahrain's non-oil growth climbs to 3.6pctMENAFN
(MENAFN) Bahrain's non-oil sector grew by 3.6 percent in Q2 of this year, a marked acceleration from 2.7 percent on the first three months of the year.Moreover, the sector has demonstrated continued ...

 Oct 27 2016 - Etisalat Group records USD1.69bn net profitMENAFN
(MENAFN) Etisalat Group, a leading telecom firm recorded revenue of USD1.69bn for the Jan-Sep period of this year, a growth of 9 percent.The group's consolidated net profit for the cited period ...

 Oct 27 2016 - Iran wins, Saudi retreats in LebanonMENAFN
(MENAFN) A veteran Christian leader is set to fill Lebanon's long-vacant presidency in a deal that underlines the ascendancy of the Iranian-backed Hezbollah and the diminished role of Saudi in the ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help