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 13:23 2012 Saturday ,07 July

Syria shells Wadi Khaled: 3 killed, 9 wounded

GMT 17:45 2016 Monday ,18 April

School Olympics embody state's future vision

GMT 15:30 2017 Tuesday ,11 April

Church attacker denies his death

GMT 21:43 2012 Monday ,20 February

AUC remembers Omar Mohsen at the graduation

GMT 12:47 2017 Friday ,06 January

Daesh militants kill 4 soldiers near Iraq's Tikrit

GMT 21:13 2017 Monday ,06 February

UN: Afghan civilian casualties rose 3 percent in 2016

GMT 22:30 2014 Tuesday ,30 December

Jordanian senate passes income tax draft law

GMT 14:29 2016 Saturday ,29 October

Yuksel offers top-notch engineering services

GMT 02:36 2017 Friday ,03 February

Tunisian journalists executed, says Daesh suspect

GMT 10:32 2015 Saturday ,28 March

World's first 'Otaku' summit opens in Japan
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