This was following a Reuters report that some senior US officials did not find Israel's assurances credible
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Nasser Al Kharafi headed the Kuwaiti family-owned firm which had stakes in several listed firms in the Gulf state.
Nasser Al Kharafi, aged 67, was ranked 77th in the 2011 Forbes list of richest people in the world and was estimated to be worth $10.4 billion. His empire spanned sectors including construction, manufacturing and retail and had investments in Kuwait’s leading financial institutions and listed firms.
Zain shares were trading down 3.3 per cent on the Kuwaiti bourse at 0850 GMT. They dropped as much as 5 per cent earlier in the day. Shares in National Investments , another Kharafi Group-owned company, fell 5.1 per cent.
Shares in National Bank of Kuwait , the Gulf state’s biggest lender, also dropped 1.7 per cent. Nasser Al Kharafi was on the lender’s board and the group had a stake in the bank.
Last week, Zain shareholders elected a new board, including a top executive from the Kharafi Group, and approved a $3 billion dividend for 2010.
This was following a Reuters report that some senior US officials did not find Israel's assurances credible
world2 days ago
Due to the recent holidays to mark Ramadan and Eid al-Fitr, students received extended leave, including for the heat alert
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The journalist was detained for allegedly spreading "fake news" about the armed forces
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Police said no one has yet claimed responsibility for the judge's abduction
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More than 300 staff would stop working for four days at terminals 2, 3, 4 and 5
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Authorities urged people to wear face masks and glasses when doing outdoor activities
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The three-strong flotilla had been due to sail on Friday from ports in Turkey with more than 5,000 tonnes of aid on board
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Cross-border shelling has killed at least 70 civilians, including children, rescue workers and journalists
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