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Zain to defer $ 1.49 bn in government fees

Indebted telecom operator Zain Saudi has received government approval to defer payment of license-related fees that could total around $ 1.49 billion over seven years, sending its shares yesterday to an eight-month high.

The rescheduled payment will be treated as a commercial loan, with the first payment due in 2021, the company said.
Shares in Zain Saudi rose 9.7 percent to SR 9.65, their highest close since October 2012.

The firm, which had a 15 percent...

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Covidien Announces Publication of Final Results of Pipeline™ Embolization Device Pivotal Study
June 18, 2013

Covidien Announces Publication of Final Results of Pipeline™ Embolization Device Pivotal Study

Covidien (NYSE:COV), a leading global provider of healthcare products, today announced that the final results of the PUFs (Pipeline for Uncoilable or Failed Aneurysms) clinical study of its ......

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Thuraya Strengthens Its Partnership With Astrium Services With the Launch of IP+, SatSleeve and Maritime Broadband in Asia
June 18, 2013

Thuraya Strengthens Its Partnership With Astrium Services With the Launch of IP+, SatSleeve and Maritime Broadband in Asia

Thuraya Telecommunications Company, a leading Mobile Satellite Services operator today announced a strengthened alliance with its global service partner, Astrium Services, the leading service provider for satellite-based services.


The companies have been close partners for over 13 years, whereby Astrium Services was recently recognized for its contribution in delivering end-to-end"......

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Denham Capital Forms Endeavor Energy
June 18, 2013

Denham Capital Forms Endeavor Energy

Denham Capital, a leading energy-focused global private equity firm, announced the formation of Endeavor Energy today. Denham is seeding the enterprise with an initial commitment of $100 million from its $3 billion Fund VI raised in 2012 and will obtain co-investment from other financial investors and project level equity partners in the future. The financial strength of Denham allows Endeavor Energy to simultaneously"...

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The WIN Consortium in Personalized Cancer Medicine Welcomes the Blue Cross and Blue Shield Association as Its First Health Plan Member
June 18, 2013

The WIN Consortium in Personalized Cancer Medicine Welcomes the Blue Cross and Blue Shield Association as Its First Health Plan Member

The Worldwide Innovative Networking (WIN) Consortium, a leader in personalized cancer medicine, today proudly announced that the Blue Cross and Blue Shield Association (BCBSA), an association of thirty-eight independent Blue Cross and Blue Shield companies, has become a member of the consortium. Founded on the recognition that greater success can be achieved through collaboration than any organization can"...

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Covidien Announces Publication of Final Results of Pipeline™ Embolization Device Pivotal Study
June 18, 2013

Covidien (NYSE:COV), a leading global provider of healthcare products, today announced that the final results of the PUFs (Pipeline for Uncoilable or Failed Aneurysms) clinical study of its ......

Continue Reading

Thuraya Strengthens Its Partnership With Astrium Services With the Launch of IP+, SatSleeve and Maritime Broadband in Asia
June 18, 2013

Thuraya Telecommunications Company, a leading Mobile Satellite Services operator today announced a strengthened alliance with its global service partner, Astrium Services, the leading service provider for satellite-based services.


The companies have been close partners for over 13 years, whereby Astrium Services was recently recognized for its contribution in delivering end-to-end"......

Continue Reading

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