Will anyone be interested in Kuwait Air? Analysts say no
Kuwait Airways seeking investor for $280 mln stake sale; Airline offering 35 pct of its share capital; Limited interest seen-analysts
August 2, 2011 11:49 by Reuters
they are international players,” said a Dubai-based banker.
“There will be a process of due diligence and I think the airline will still be seen as more of a problem. Costs will be looked at and I don’t see it being much value to investment firms.”
Kuwait, the world’s fourth largest oil exporter, is on a drive to boost its private sector and become a regional financial centre.
Its economy is largely dependant on oil revenues and driven by government spending. ($1 = 0.273 Kuwaiti dinars) (Reporting by Praveen Menon and Eman Goma, Editing by Dinesh Nair)
photo from flight965.com
Pages: 1 2
More on GCC
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
-
Dubai looking at alternatives to repay debt
-
Two more die in Saudi Arabia from SARS-like virus – WHO
-
Alwaleed’s Kingdom on the prowl
-
Qatar Airways now looks to Airbus
-
World’s Longest-Range Passenger Jet
-
Abu Dhabi says financial zone will bridge a gap
Lately on Kipp
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Tesco Clothing Brand Plans International Expansion
-
Here’s to Yahoo being ‘cool’ again
-
Kindi enters into strategic partnership with MadVillage
-
First UTM solution to deliver combined gateway, endpoint and cloud web protection
-
Saudi government websites targeted
