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Hassuna: PALTEL-ZAIN deal is on a positive track and the Council of Ministers will decide next Monday

2009-02-04

The Minister of Communications and Information Technology Kamal Hassouna assured that the process of completing the deal to enter ZAIN as strategic partner in the Palestine Telecommunications Company is on positive direction, and most likely for the Council of Ministers to take their decision regarding this deal at its weekly meeting next Monday. The government decided at its last meeting in the day before yesterday, to authorize Hassuna to follow-up the details of the deal. Hassouna said the "I have been authorized by the Council of Ministers in contact with Palestine telecommunications company to discuss details of the transaction, and obtaining the necessary information to enable the Council of Ministers to take the appropriate decision regarding the deal". Yesterday it had been held a meeting between a committee of the company and officials from the ministry. Hassouna said after the meeting "it was a preliminary meeting to discuss the partnership with ZAIN; we have examined the financial aspect of the agreement and the requirements of our authority for approval, and there will be another meeting with the company in two days to complete the search in the transaction." He added: We are looking into this partnership in a positive light; it will increase competition and lead to improved services as well as encourage investment in Palestine. Things are going well and we expect that there will be a detailed presentation to the Council of Ministers at its next meeting on Monday. " Hassouna did not give any details about the financial part of the deal,  adding that " the two companies are in the evaluation process, and on the basis of the results of this evaluation will determine the size of the capital increase and  the value of the stock in this issue."The Board of Directors of PALTEL decided convening an emergency meeting in Ramallah next Monday. The company reported to Palestine Securities Exchange that the board of directors will discuss at the emergency meeting the understandings agreements that are supposed to be reached between the committee in charge and the Palestinian National Authority, in light of the decision of the Council of Ministers" on Monday.

 

 


 

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UCI records net income of $0.68 million at the end of 2017

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TIC proposes 10% cash dividends for the year 2017

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APC reports net income of JD1.20 million at the end of 2017

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PID realizes net loss of JD0.01 million at the end of 2017

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PRICO realizes net loss of JD13.49 million at the end of 2017

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RSR reports net income of JD0.48 million at the end of 2017

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NIC posts net income of $7.70 million at the end of 2017

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NIC posts net income of $7.70 million at the end of 2017

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JCC posts net income of JD0.51 million at the end of 2017

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ABRAJ records net income of $2.25 million at the end of 2017

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WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

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AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

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AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
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AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
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2018-02-15
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2018-02-15
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2018-02-15
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2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
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2018-02-15
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TIC records net income of $2.19 million at the end of 2017

2018-02-15
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2018-02-13
TRUST records net income of $5.43 million at the year 2017

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PSE reports net income 0.68 million at the year 2017

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BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

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VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
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2018-02-05
PCMA and JSC signed memorandum of understanding

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

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2018-02-01
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