BELGRADE: Serbia's central bank purchased an unspecified number of euros on local interbank market on Friday, to stem gains of the dinar against …

Kuwait Energy has announces that the Royal Court of Jersey has approved the acquisition of the company by Gold Cheers Corporation Limited, a wholly-owned subsidiary of United Energy Group Limited (UEG), by means of a scheme of arrangement.

The consideration to be paid under the transaction will be US$477,248,630.20 which equates to a per share price of US$1.46400797821.

Completion of the acquisition remains subject to delivery of the Act of Court sanctioning the Scheme to the Registrar of Companies in Jersey. This is expected to occur on or before 22 March 2019 (the “Effective Date”), at which time the Scheme will become effective.

Payments to shareholders should be dispatched within 14 days of the Effective Date, as detailed in the scheme document dated 15 November 2018 relating to the Scheme.

In Iraq, Kuwait Energy has interests in the Mansuriya, Siba, and Block 9 fields.

(Source: Kuwait Energy)

Kuwait Energy has announces that the Royal Court of Jersey has approved the acquisition of the company by Gold Cheers Corporation Limited, a wholly-owned subsidiary of United Energy Group Limited (UEG), by means of a scheme of arrangement.

The consideration to be paid under the transaction will be US$477,248,630.20 which equates to a per share price of US$1.46400797821.

Completion of the acquisition remains subject to delivery of the Act of Court sanctioning the Scheme to the Registrar of Companies in Jersey. This is expected to occur on or before 22 March 2019 (the “Effective Date”), at which time the Scheme will become effective.

Payments to shareholders should be dispatched within 14 days of the Effective Date, as detailed in the scheme document dated 15 November 2018 relating to the Scheme.

In Iraq, Kuwait Energy has interests in the Mansuriya, Siba, and Block 9 fields.

(Source: Kuwait Energy)

By John Lee.

A ferry on Tigris River near Mosul sank on Thursday afternoon, leaving at least 93 dead.

According to Xinhua, the ferry capsized because of “high water levels” while crossing from the bank of the river to a small tourist island called Um al Rabeein.

It cites a civil defense source as saying that the ferryboat, owned by a tourism office, was overloaded with more than 100 people, while being designed to carry just 30 people.

Prime Minister Adil Abd Al-Mahdi has declared official mourning all over Iraq, embassies, consulates in and out the country for three days.

(Source: Xinhua)

By John Lee.

A ferry on Tigris River near Mosul sank on Thursday afternoon, leaving at least 93 dead.

According to Xinhua, the ferry capsized because of “high water levels” while crossing from the bank of the river to a small tourist island called Um al Rabeein.

It cites a civil defense source as saying that the ferryboat, owned by a tourism office, was overloaded with more than 100 people, while being designed to carry just 30 people.

Prime Minister Adil Abd Al-Mahdi has declared official mourning all over Iraq, embassies, consulates in and out the country for three days.

(Source: Xinhua)