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Kuwaiti "ZAIN" inquires to apply for telecommunications license in Lebanon and shows interest in buying "SYRIATEL"


Kuwait "ZAIN" expressed its interest in buying "SYRIATEL" but didn"t enter the negotiations phase yet. Sa"d Al-Barak the CEO of "ZAIN" stated in a press meeting yesterday that "the competition is still open". He added that "ZAIN" is looking forward in Yemen without mentioning any details. "SYRIATEL" website indicates that it dominates %55 of the market that is populated with 19 million individual, also the company is owned by Rami Makhlouf the cousin of the Syrian president Bashar Al-Asad .Also last month, "TURKECELL"the biggest mobile company in turkey declared that they will bid for buying a takeover share in "SYRIATEL". On the other side, the general manager of "ZAIN" said that they want to win the mobile license in Lebanon.  



Al-Quds Index closed in the red zone for the second week in a row

Several transactions lift market’s transaction value



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