Zain Group [ZAIN.KW] has addressed a letter to Iraq’s Prime Minister, Haider Al Abadi, accusing the country of breaching a bilateral investment treaty with Kuwait. This comes following years of negotiations with the Tax Authority of Iraq to release the freeze on the USD429 million that Zain Group owns and that are locked in local banks. The freeze was implemented when the Tax Authority required Zain Group to pay a tax on the acquisition of Iraqna which the company acquired from Global Telecom Holding (Orascom Telecom Holding at the time). (Zawya)   Zain Group: KWD0.37 as of 2 March 2016, Rating: Buy, FV: KWD0.51 per share, MCap: USD5,331 million, ZAIN KK / ZAIN.KW