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Zain Iraq to Start Ops in Kurdistan

Zain Iraq to Start Ops in Kurdistan

The Iraqi unit of Kuwait telecoms firm Zain (ZAIN.KW) will start operating in Iraqi Kurdistan in January and expects to boost its subscriber base by up to two million in 2011, its chief executive said on Sunday, in an interview with Reuters.

Emad Makiya, the new CEO of Zain Iraq, said Zain group, the Gulf Arab region’s third-largest telecoms firm by value, would continue to invest in Iraq, a key high-growth market, and expected revenue for 2011 to be up at least 15-20 percent.

“We will be entering Kurdistan. You will see us in there, a fully fledged network, by the beginning of 2011 … We want to reach all the Iraqis everywhere,” Makiya told Reuters in his first interview since taking over at the helm in June.

“Iraq is on the top of their list. It’s their baby, and it’s really important. The group is really paying huge attention to Iraq. They want to make sure it’s successful, and they’re investing.”

The mobile phone market did not exist in Iraq under the rule of Saddam Hussein but has boomed since the 2003 U.S.-led invasion that toppled him.

Zain is the biggest operator in the country and has invested $4.5 billion in its network after securing a 15-year license for $1.25 billion in 2007. It competes with AsiaCell and Korek, which is based in Iraq’s Kurdish-run north.

Makiya said the Iraq unit would invest 16-20 percent of its revenue every year into upgrading and expanding its network in the country for at least the next three years.

Zain Iraq posted a 10 percent rise in revenue to $723.9 million for the first-half of 2010.

(Source: Reuters)

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JOBS IN IRAQ – Our New Free Service Starts Today!

JOBS IN IRAQ – Our New Free Service Starts Today!

We launch our new Jobs in Iraq page today on the IBN web site in response to reader demand. This is a free reciprocal service for Recruitment Agencies and Employers with jobs on offer in Iraq. For readers it provides a welcome source of employment options in a country crying out for skilled labour and competent management.

Oil & Gas, Construction & Engineering, Public works, Agriculture , Education, Communications, and Transportation are all sectors where skilled people are needed.

If you have vacancies in Iraq contact Antony Wakeham on www.iraq-businessnews.com or email antony.wakeham@iraq-businessnews.com. The service is free on a reciprocal link basis.

Posted in Agriculture, Banking & Finance, Blog, Communications, Construction & Engineering, Education & Training, Employment, Industry & Trade, Investment, Oil & Gas, Public Works, Security, Transportation0 Comments

Syndication Deals Boost for IWPR Reports

Syndication Deals Boost for IWPR Reports

Two new syndication deals with Iraqi news agencies have boosted the impact of the Institute for War and Peace Reporting (IWPR) Iraq’s work across the country.

Growing republication of IWPR’s acclaimed Iraqi Crisis Reports, ICRs, which editors and readers say provide impartial stories in a media landscape tainted by bias, are further evidence of the credibility of its editorial output.

IWPR’s local media partners singled out the ICRs for providing unique and balanced stories that accurately reflect the situation in Iraq and the country’s diverse communities.

Jaleel Ibrahim, the manager of Baghdad-based al-Marsad news website (http://www.almarsadnews.org/), which began syndicating ICRs in June, said readers look to IWPR’s reports “to find out the truth, which the Iraqi news sometimes fails to honestly reflect”.

He said Iraqi journalists “side with their ethnic group or sect, but IWPR’s reports are neutral and professional … Sunnis, Shias, Kurds, Arabs , Muslims, Christians and other ethnic or religious groups are frequently quoted … Our society needs such reporting”.

Basim al-Shammeri, who manages Wasit news agency in eastern Iraq, also began syndicating the ICRs in June.

“Many journalists and intellectuals inside and outside of Wasit province read these stories because they primarily tackle Iraq’s political, security and social topics which are relevant to every Iraqi individual in this critical period of the country’s history,” he said.

“The diversity of topics draws the readers’ attention, meaning IWPR reports don’t focus on one issue but instead deal with many subjects, which is something unique.”

IWPR Iraq chief of party Ammar al-Shahbander said the syndication deals were a sign of growing appreciation of international standards of journalism within the country.

“The quality of IWPR’s reports is deemed to draw the interest of readers, improve circulation figures and raise the standing of these news agencies within the local media market,” he said.

“The interest in articles written by IWPR-trained journalists shows that the international standard of reporting is making an impact here.”

IWPR’s stories have also been published on news websites and in newspapers in Nasiriyah, Basra, Sulaimaniyah, Erbil and Baghdad, where they have been praised by readers and writers alike.

Diana Sameer al-Obaidi, a 25-year-old freelance journalist, said she reads the ICRs through the Baghdad-based Eye Iraq and Wasit news agency websites.

“What I like most about these reports is that they are credible and transparent and do not distort the truth about Iraq. They clearly convey the ideas to readers… these reports are done by trained [Iraqi] journalists, which is really amazing,” she said.

Like Ibrahim, Obaidi believes that IWPR’s neutral reporting is critical for Iraqi readers.

“IWPR stories broaden the minds of Iraqis so that they understand what is happening in the entire country – unlike party, sectarian, ethnic, religious or other biased media outlets that work for their own interests,” she said.

Emad Faraj, a 53-year-old electrical engineer from Kut, the capital of Wasit province, said he follows political and security stories, “This is my primary concern, just as it is for every other Iraqi.”

IWPR’s reports “help citizens to understand what is going on in Iraq, especially in the political arena”, Faraj said. “I like the accuracy in dealing with issues, and the lack of bias in tackling delicate subjects.”

(Source: Institute for War and Peace Reporting)

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Iraq Mobile Investment Overview and Market Forecast 2010-2014

Iraq Mobile Investment Overview and Market Forecast 2010-2014

Research and Markets has announced the addition of their “Iraq Mobile Investment Overview and Market Forecast 2010-2014” report to their offering.

This report provides a detailed overview of the mobile market in Iraq. It outlines the main current trends and provides five year subscriber and revenue forecasts.

Excel annex

  • Mobile handset subscribers market: subscribers, penetration, net additions, ARPU and revenue data for 2006 to 2014.
  • Mobile broadband subscribers market: subscribers, penetration, net additions, ARPU and revenue data for 2006 to 2014.

Key questions answered

  • What is the current situation in the mobile market in Iraq? (company ownership, network and licence details, strategy, market share, ARPU)
  • How is the market likely to evolve given the positioning of the operators?
  • What is the current level of penetration, subscribers, ARPU and revenues now and how will this change over the next five years?
  • Which operators are facing major network investment decisions and what are they likely to do?
  • Will there be any opportunities for licensing or M&A activity in the market in the foreseeable future?

Key Topics Covered:

  • Country background
  • Socio-economic background
  • Market overview
  • Zain
  • Asiacell
  • Korek Telecom
  • Mobile market state of play
  • Mobile forecasts
  • Investment Opportunities

Companies Mentioned:

  • Zain
  • Asiacell
  • Korek Telecom

More information at www.researchandmarkets.com

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$1 Billion Lawsuit over Smuggling Allegations

$1 Billion Lawsuit over Smuggling Allegations

The Kurdistan Democratic Party has filed a one billion US dollar defamation lawsuit, the largest in Iraqi history, against an opposition newspaper, the Metro Center to Defend Journalists, which represents the Journalistic Freedoms Observatory JFO in Kurdistan region, said on Monday.

On July 20, Rozhnama, a newspaper affiliated with the main opposition group Change, published a report about illegal oil trade in Iraqi Kurdistan. The story included claims that the two ruling parties, the Kurdistan Democratic Party, KDP, and the Patriotic Union of Kurdistan, PUK, have made millions of dollars from oil smuggling.

Fazil Mirani, KDP politburo secretary, filed a defamation lawsuit on July 25 demanding one billion US dollars in compensation from the newspaper. The plaintiff filed a separate lawsuit seeking travel ban on Nawshirwan Mustafa, publisher of Rozhnama and head of the Change movement; Azad Chalak, Rozhnama editor-in-chief; and Sirwan Rasheed, who wrote the article.

A court hearing for the travel ban has been scheduled for August 8 in Erbil.

“This is the biggest compensation demand by a plaintiff in the history of Iraqi journalism,” said the Metro Center to Defend Journalists. “We are very concerned about this lawsuit. We believe it sets a precedent that will negatively affect the press in the region and will have a chilling effect on journalists.”

“I was really shocked by the lawsuit,” Rasheed said. “I depended on various sources to write the report. If they (KDP) claim that the information is not correct then they should tell people the correct information.”

Rozhnama, launched in June 2007, is published by Wisha Company. Nawshirwan Mustafa, leader of Goran (Change) Movement established the company in 2006.

Metro Center to Defend Journalists is an independent organization defending journalists and press freedom in Iraqi Kurdistan, The organization represents the Baghdad-based Journalistic Freedoms Observatory in the Kurdistan Region.

(Source: JFO)

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Iraqi Minister Injured in Traffic Accident

Iraqi Minister Injured in Traffic Accident

A road accident in Jordan has killed at least six people, including two British nationals, and injured 28 others, including an Iraqi minister, police say.

The crash happened when a tourist bus was transporting the victims from the Dead Sea back to Amman late Thursday night, said police spokesman Mohammed al-Khatib.

Four Iraqis were also killed in the accident, Jordan’s media reported.

Iraqi Minister of Science and Technology, Raed Fahmi, was among the injured and was transferred to King Hussein Medical Centre in Amman.

Police said that the delegation was taking part in a United Nations training program for Iraqi students and that they had gone to a Dead Sea hotel for dinner.

Some of the injured remained in critical condition, while others suffered fractures and bruises but are in stable conditions, according to police.

(Sources: PressTV, AFP, AP)

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Intracom Signs New Agreement with Ministry of Interior

Intracom Signs New Agreement with Ministry of Interior

INTRACOM IT Services Middle East and Africa signed an agreement with the Ministry of Interior in Iraq, which aims to ensure the Ministry’s sustainability by implementing innovative” EMC” solutions in storage consolidation and back up recovery solutions with disaster recovery, hence helping the Ministry maintain its business by protecting its valuable dates and information.

INTRACOM will be consolidating for the ministry, EMC storage technologies to handle the Ministry’s huge data workload and EMC Networker backup and recovery solution; the needed software for replicating and synchronizing the data aligned at the main site, to the remote disaster recovery site. This will consequently help the Ministry lower cost, mitigate risk, and enhance compliance.

This agreement will give INTRACOM the edge needed to assert itself as the best and most reliable choice for companies operating in Iraq looking to compete with effectiveness and foresee their continuity in Iraq’s fast growing market.

INTRACOM CEO Tareq Abu Sharar said that INTRACOM is committed to help the Ministry of Interior Iraq by consolidating EMC solutions after successfully implementing with the Ministry solutions from both Oracle and Cisco. He also noted “INTRACOM will be working with the Ministry on EMC disaster recovery and backup solutions, to enable the Ministry to enhance its performance and to have a greater utilization and protection of its informational assets, all made possible through a combination of INTRACOM’s expertise and the availability of innovative technologies.”

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WiMAX Improves Communications in the Arab World

WiMAX Improves Communications in the Arab World

By end of June 2010, 26 out of 55 operators licensed to offer WiMAX offered the service. WiMAX is commercially available in Algeria, Bahrain, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Saudi Arabia, Tunisia and the UAE. Moreover, Yemen and Oman are slated to WiMAX services in the second half of 2010.

WiMAX stands for World Interoperability for Microwave Access. WiMAX/IEEE 802.16 is a global standard-based technology for Broadband Wireless Access. WiMAX is a broadband wireless technology that is largely supported by the computer and the telecom industry. Its guarantee is that it is engineered to deliver ever-present fixed and mobile services such as VoIP, Information Technology and Video at relatively low cost. Furthermore, WiMAX vendors state that WiMAX systems are able to cover a large geographical area (up to 50 km) and to deliver significant bandwidth to end-users at up to 40 Mbps. WiMAX technology can be deployed as a Point Multi-Point in last mile connection and as part of the backhaul to the PSTN and Internet access points.

The first commercial deployment of WiMAX in the Arab World was in Algeria in 2007. Moreover, by end of June 2010, a total of 26 service providers in 11 countries (including Algeria) in the MENA region offered WiMAX. The Arab Advisors Group expects an increase of 3 operators, at least, by end of 2010. A new report, “WiMAX in the Arab World 2010” was released to the Arab Advisors Group’s Telecoms Strategic Research Service subscribers on June 19th, 2010. This report can be purchased from the Arab Advisors Group for only US$ 950. The 37-page report, which has 51 detailed exhibits, investigates the availability of WiMAX regulations in 18 Arab countries, the frequencies used, entities that have tested WiMAX or pre-WiMAX services, and vendors for equipment. The report covers the following Arab countries: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Syria, Tunisia, UAE, and Yemen. Any investment in this report will count towards an annual Strategic Research Service subscription should the service be acquired within three months from purchasing the report.  Please contact the Arab Advisors Group to get a copy of the report’s Table of Contents. “There are still no detailed regulations specific to WiMAX in some Arab countries. Still, a few have specified the type of license that needs to be obtained to provide WiMAX service. For example, in Algeria, the company should have a VoIP authorization and the regulator’s specified band for WiMAX. In Jordan, the company should have an individual license needed to use the frequency (a scarce resource) as well as win the spectrum auction for WiMAX.” Alaa Numair, Research Analyst at Arab Advisors Group noted in the report.

The top three frequencies allocated to operators in the Arab world are 3.5 GHz, 3.6 GHz and 2.6 MHz. The 3.5 GHz band, allocated to 19 out of 55 licensed operators to provide WiMAX, is the most common allocated frequency in the Arab countries. 3.6 MHz and 2.6 MHz followed with 8 and 7 licensed operators, respectively. Tareq Masarweh, Research Analyst at Arab Advisors Group added. The Arab Advisors Group’s team of analysts in the region has already produced over close to 1,920 reports on the Arab World’s communications and media markets. The reports can be purchased individually or received through an annual subscription to Arab Advisors Group’s (www.arabadvisors.com) Strategic Research Services (Media and Telecom).  To date, Arab Advisors Group has served over 600 global and regional companies by providing reliable research analysis and forecasts of Arab communications markets to these clients.

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Korek Selects Aastra to Upgrade Its Contact Centers in Iraq

Korek Selects Aastra to Upgrade Its Contact Centers in Iraq

Korek Telecom, one of Iraq’s three national telecom operators, has recently chosen Aastra, a leading company at the forefront of the enterprise communication market, for the expansion of its contact center of its headquarters in Irbil, in addition to establishing two new contact centers in Baghdad and Sulaimaniyeh.

This major step comes as a necessary procedure to cope with the growing number of Korek’s subscribers all over Iraq.

Sefintel will be in charge of delivering and integrating the solution with the help of Tawasol, Aastra’s business partner and regional distributor. The scope of the project involves the expansion and upgrading of Korek headquarters’ contact center system to 45 agents in order to achieve more timely responsiveness due to increased customer care traffic. The second part of the project involves establishing new dynamic contact centers in Baghdad and Sulaimaneyeh for another 66 agents in order to expand Korek’s reach to its subscribers.

Anwar A. Muhammad, Managing Director of Korek said commenting on the deal:

“We are highly committed to serving our customers in the most efficient and time saving manner, and this project was planned for this purpose. Amongst aggressive competition, we have chosen Aastra’s award-winning Solidus eCare contact center application for its flexibility, its support for new multimedia contacts such as SMS, Email, Fax and Internet, and the capability to integrate with other applications and databases such as our pre-paid mobile billing system.”

Aastra’s efforts in the contact centre market were recently recognized by a Frost & Sullivan award (2009 EMEA Inbound Contact Routing Systems Market Growth Strategy Leadership).

“Korek customers will be guaranteed better access to the most appropriate and competent agents each time they contact us. In addition, Korek will be able to serve larger segments of its subscribers whether speaking Arabic, English or Kurdi language through its contact centers in Baghdad and Sulaimaneieh,” says Feryad A. Jaff from Korek.

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Iraqi IT sales to exceed US$60m this year

Iraqi IT sales to exceed US$60m this year

The IT spending in Iraq is expected to be at US$ 63.2 million in 2010 from US$ 55.7 million in 2009, predicts Springboard Research, a leading innovator in the IT Market Research industry. Springboard’s latest report, “Iraq IT Opportunity 2010” attributes the growth to the relative stability and a rebound in oil prices since the onset of the financial crisis. The report further notes that despite being in a virtual state of war since 2003, Iraq has managed to make some improvements in various areas of IT development.

According to Springboard, ‘Hardware’ accounts for the majority of IT spending in Iraq with a 62% share of the IT market. ‘Services’ is the next largest segment with a 22% share of spending, followed by the ‘Software’ market with a 16% share of spending.

“ICT (Information & Communication Technologies) use in Iraq has increased moderately in some areas and more substantially in others. In the latter case, this is due to increased private investment and initiatives undertaken by international organizations to introduce the Iraqi population to new technologies,” said James Erickson, Research Manager for the Middle East and Africa at Springboard Research.

Proliferation of Internet Services

Springboard notes that the government in Iraq is making thorough efforts to improve the internet infrastructure in order to provide increased access to the internet. Internet cafes are currently regarded as the most popular means to using computers and accessing the internet. These cafes are expanding to rural and marginalized communities throughout the country. Proliferation of internet services to homes is also gradually increasing by means of wireless connections. Once broadband Internet service is widely available and affordable, the growth of the PC and internet-based businesses in Iraq is predicted to outpace the growth rate of the wireless phone industry.

Various infrastructure projects are under way to further develop fibre optic and wireless network cables throughout the country to increase the access to advanced communications and to expand internet participation in the region.

IT in Vertical Industries

In terms of vertical industries, Springboard finds the financial sector, telecommunication sector and the defense sector to be upbeat in the use of IT. Iraq’s redeveloping financial sector has recently begun to integrate a number of major IT solutions which will help transform it into a robust and globally competitive industry. The telecommunication industry has been expanding exponentially, with various GSM licenses being awarded, some of which have been nationalized, thus expanding their services throughout the country. Mobile phone usage has also expanded significantly given the proliferation of these GSM contracts. The defense sector has also seen a significant rise in IT investment, given the U.S. involvement and investment in security for the Iraqi government.

The full report is available from Springboard Research.

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Iran’s TCI Offers to Help Iraq Telecom Sector

Iran’s TCI Offers to Help Iraq Telecom Sector

The managing director of the Telecommunication Company of Iran in Kurdestan province, Mohammad Saeed Ahmadi, told Fars News Agency that his company was ready to help upgrade the telecommunication infrastructure and fiber-optic systems in Iraq’s northern regions.

“In addition to fiber-optic projects, we have the ability to undertake all kinds of telecom activities in the region,” he said.

He was speaking on the sidelines of an exhibition of Iranian companies’ capabilities in the northern Iraqi city of Sulamaniya.

Ahmadi said Iranian companies have the technical know-how to carry out complex telecom projects overseas. “We will start our work whenever authorities of Iraq’s northern region voice their readiness.”

Referring to TCI successes inside the country in recent years, he said “We have announced our ability and willingness” to help share the experience with the Iraqis and rebuild their telecom infrastructure.

More than 185 companies from 21 Iranian provinces participated in the exhibition displaying Iran’s capabilities in the Iraqi Kurdish city.

As we reported last week, Iran said it is ready to export electricity to Iraq.

“We have the possibility of supplying 500 to 1,000 megawatt of electricity to the Bashmakh market in Iraq,” head of the Power Distribution Company of Iran’s Kurdestan province Mohammad Mostafa Najafian said.

(Source: Iran Daily)

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Are there really people in 112 countries waiting to hear from you?

Are there really people in 112 countries waiting to hear from you?

Is your business in Iraq or going to Iraq or just thinking about it? Either way our community of subscribers and readers in 112 countries will almost certainly contain people who could become customers or influence buying decisions. Some of them may already be customers.

Either way, telling them about your business, keeping your name in front of them, reassuring them, is all part of ensuring your future in one of the world’s fastest growing economies.

We have been in the region over five years and have offices/agents in Amman, Baghdad, Erbil and Basra. Not only do we know people but we can deliver your message via the IBN newsletter to 6000 of them every week straight to their ‘in boxes’. Better still we can communicate on your behalf 40,000 times a month. That is the number of pages viewed monthly on the IBN Web site. Every advertiser appears on every page. What’s more you will be picking up more and more potential customers as our community grows. Subscribers to our free Newsletter have grown by 20 percent since the beginning of May.

Even if you are not a marketeer you might want to pass this simple statistic on to someone in your organisation who is – the IBN Web site has readers in 112 countries and they view our pages 40,000 times a month. If you see the sense in communicating effectively with business people, politicians, diplomats, decision makers exclusively interested in Iraq you would choose a medium which can demonstrate not just numbers but commitment wouldn’t you? So here is another stat to pass on – our readers – you – read over four pages each time you log on and only 0.45% of you ‘bounce’. That’s commitment for you.

If you have a story to tell or a message to convey to this extraordinarily valuable group of people in one of the most extraordinary and exciting markets in the world we think IBN can help. Pass it on…. antony.wakeham@iraq-businessnews.com or

http://www.iraq-businessnews.com/advertising to see our new simple revised rate card with some tempting discounts.

Posted in Agriculture, Banking & Finance, Blog, Communications, Construction & Engineering, Education & Training, Employment, Industry & Trade, Investment, Oil & Gas, Public Works, Security, Transportation1 Comment

Asiacell Signs PR Agreement with Leo Burnett

Asiacell Signs PR Agreement with Leo Burnett

Asiacell, the largest private Iraqi company and the first and only mobile telecommunications company to provide coverage for all of Iraq, signed an agreement with Leo Burnett on Wednesday, the 9th of June 2010, at Leo Burnett’s offices in Amman.

By virtue of this agreement, Leo Burnett will provide Asiacell with its comprehensive advertising and promotional services. The agreement was signed by Dr. Diar Ahmed, CEO at Asiacell, the Marketing Director and Communications and PR Director on behalf of the company and Mr. Kamil Kuran, Managing Director of Leo Burnett Levant and Ms. Joëlle Jammal, Managing Director of Leo Burnett Jordan. This agreement does not terminate Asiacell’s existing advertising and promotions agreement with Wunderman, which also covers Asiacell’s advertising needs within the Iraqi market.

Commenting on this step, Dr. Diar Ahmed, said:

“We pride ourselves on our partnership with Leo Burnett, which is considered one of the world’s most prominent companies in the advertising and promotions industry. The Iraqi market is a promising environment for the advertising industry, as advertising is an integral and indispensible tool for all sectors and is necessary for their continued success. We aim through this partnership to maintain our ongoing engagement with our subscribers and the Iraqi public, which reflects the transparency and integrity we adopt in all that we do.”

Dr. Ahmed added, “We hope that this agreement will be a launching pad to a very successful partnership between Asiacell and Leo Burnett, and we look forward to seeing its positive results on the ground in the near future. We have full confidence in Leo Burnett’s management and creative team’s ability in adding value to our brand positioning in the Iraqi market.”

In turn, both Kuran and Jammal expressed their pride in this partnership with the largest telecom operator in Iraq. They further commended Asiacell on its excellent reputation in the Iraqi telecom market and highlighted Leo Burnett’s commitment in supplying the Iraqi market with the best services. They also indicated that the company’s knowledge and expertise in the telecomm industry across the region will add value and creativity to Asiacell’s marketing operations in Iraq.

Since its inception in 1981 as the first multinational agency in the region, Leo Burnett has grown from a single brand agency to a group of companies that provide a comprehensive range of communications solutions, including advertising, media, public relations, digital and CRM. Today, the group has offices in Dubai, Jeddah, Riyadh, Kuwait, Cairo, Beirut, Casablanca and Amman, and employs over 500 people.

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Skype Sees Growth In Middle East

Skype Sees Growth In Middle East

Internet calling service Skype Ltd. said Tuesday that it continues to see growth opportunities in the Middle East despite being banned in parts of the area and is optimistic about the company’s growth potential in Asia.

“There are a couple of governments that officially banned Skype…but what we see in most of the developing world (is that) they are embracing Skype,” Chief Executive Officer Josh Silverman told Dow Jones Newswires.

Silverman was in Singapore to attend the CommunicAsia Conference that began Tuesday.

“I would say, we see growth in the Middle East in general,” Silverman said without getting into details on the ban of the service in the United Arab Emirates.

Currently, Skype cannot be downloaded in Oman, the UAE and Kuwait, although the software can be used if it is previously installed on a computer. The UAE Telecommunication Regulatory Authority said in March that Skype will be allowed to offer a greater range of services in the country if they are partnered with existing licensed telecom operators.

Silverman said that Skype sees strong growth potential in the Asia Pacific as the region has become globally connected due to an increasing number of expatriates and growing international trade.

Skype has over 500 million registered users around the world and is adding 300,000 users a day. The company aspires to have 100 million personal computers shipped with Skype preloaded in 2011. Silverman declined to give growth projections by region.

He would not comment on whether his company plans a listing, saying only that Skype is profitable and has enough money for acquisitions “if it makes sense.”

( Dow Jones )

By P.R. Venkat and Costas Paris

Posted in Communications1 Comment

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