zain telecom faces iraq fine
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Zain telecom faces Iraq fine

Arab Today, arab today

Arab Today, arab today Zain telecom faces Iraq fine

Kuwait City - AFP

Kuwait's Zain telecom said Sunday its Iraqi unit has been fined $12,877 a day since September 1 for failing to list on the bourse but will seek to have the penalty that has reached $4 million scrapped. "Iraq Zain has received a notification from the Communications and Media Commission stipulating a fine of $12,887 a day for delaying the listing of the company on Iraq Stock Exchange," Zain said in a statement. Zain was given a deadline by August 31, 2011 to list, the company said in a statement posted on Kuwait Stock Exchange website. "Iraq Zain tried to comply with the deadline but was unable to list for procedural conditions," it said. "Zain began contacting concerned authorities to explain its viewpoint and have the fine cancelled." Zain is also considering available legal measures and other options regarding the fine, the company said. The amount of the fine has already reached $4 million so far.The company said the other two foreign telecom operators, Asiacell, in which Qatar Telecom holds a majority stake, and Korek, in which France Telecom and Kuwait's Agility Logistics have stakes, were also fined. Iraq Zain is the largest of the three mobile operators in Iraq with more than 12 million subscribers. It also operates in Saudi Arabia, Jordan, Bahrain, Lebanon and Sudan, in addition to Kuwait.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

zain telecom faces iraq fine zain telecom faces iraq fine

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

zain telecom faces iraq fine zain telecom faces iraq fine

 



GMT 18:57 2016 Wednesday ,05 October

Hollywood icon Robert De Niro arrives this weekend

GMT 08:49 2017 Friday ,28 April

Press cooperation protocol signed

GMT 04:01 2017 Friday ,24 November

Lebanon's Hezbollah hails 'positive' Hariri moves

GMT 16:39 2017 Wednesday ,06 September

Dolphins-Buccaneers NFL game called off as Hurricane Irma

GMT 12:55 2017 Sunday ,19 February

Day 1 Asian Winter Games medal table

GMT 10:01 2016 Tuesday ,16 August

Bayer could launch hostile bid for Monsanto

GMT 02:09 2017 Wednesday ,18 October

December22nd-January20th

GMT 12:53 2017 Tuesday ,22 August

Mahmoud informed on AAAID performance

GMT 11:45 2017 Thursday ,20 April

Expo Turkey by Qatar begins

GMT 09:59 2017 Tuesday ,25 April

A chaotic discovery of power

GMT 20:52 2017 Thursday ,27 April

Iraqi forces liberate Mutaibaija area from IS
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday