Tag Archives | Zain

The latest Zain Business News Iraq – Mobile phone service, networks, Asiacell, Korek Telecom & more – brought to you by Iraq Business News

Seedstars Baghdad chooses Top 3 Startups in Iraq

Seedstars World, the largest seed-stage startup competition for emerging markets and fast-growing startup scenes, hosted its Iraq round this Friday, at The Station, where 8 selected startups were invited to present their companies in front of the local jury panel. The local winners were chosen for their innovative sustainable solutions on their different fields. The […]

Zain Iraq Revenues up 14%

By John Lee. Zain Iraq‘s revenues for the first half of 2019 were up 14 percent on the same period last year. In its results for first six months of 2019, the company said: “Zain Iraq performed exceptionally well in H1 2019 when compared to H1 2018 with revenue reaching USD 522 million and EBITDA […]

Zain Iraq introduces Purchase Solution via Facebook

Zain Iraq becomes first operator in the Middle East to introduce purchase solution via Facebook Zain Iraq, the country’s largest mobile operator by customer numbers, announces the introduction of a solution that enables customers to purchase offers via their Facebook app, making it the first operator in the Middle East to provide this functionality, and […]

IBBC holds Iraq’s First Int’l Tech Conference in Baghdad

The Iraq Britain Business Council (IBBC) held Iraq’s first International Tech Conference in Baghdad at the Babylon Rotana Baghdad Hotel on 30 April, hosting government ministers, private industry, entrepreneurs, investors, and representatives from the leading UK and Iraq Tech companies. The purpose of the Conference was to drive confidence, investment and awareness of the power […]

Zain Iraq sees 77% Growth in Net Income

By John Lee. Zain Iraq has posted a growth in net income of 77 percent. In its results statement for Q1 2019, the company said: “Zain Iraq performed exceptionally well in Q1 2019 when compared to the corresponding three-month period in 2018, with revenue reaching USD 262 million, and EBITDA having reached USD 109 million, […]

Regulator “Blocks calls” to Korek Customers

By John Lee. Iraq’s Communications and Media Commission (CMC) has reportedly ordered operators to block calls between their customers and Korek users in a dispute over number portability. According to Rudaw, the regulator told mobile network providers that Erbil-based Korek had failed to meet its “contractual obligations” to allow customers to keep their phone number […]

First IoT Competition for Iraqi University Students

By John Lee. Zain Iraq and Ericsson have announced an Internet of Things (IoT) competition for university students in Iraq. The first-of-its-kind competition will run for six weeks during which the students are invited to present use cases to address the possibilities of 5G-IoT and industry digitalization and ultimately capture their full business potential. The […]

Iraq’s Improving Economy Boosts Zain’s Results

By John Lee. In its consolidated financial results for the full-year 2018, telecommunications group Zain reports that the improving socio-economic situation sweeping Iraq is providing the much-needed stimulus to support Zain Iraq’s turnaround efforts. The company said in a statement: “The operation performed exceptionally well when compared to the previous year. Revenues and net profit […]

Ericsson wins New Contract with Zain Iraq

Zain Iraq has selected Ericsson (NASDAQ: ERIC) to modernize a number of its legacy sites with Ericsson Radio System in a contract signed recently that serves to strengthen the partnership of the two companies. Under the terms of the deal, Ericsson will reinforce its role as a trusted business partner by providing higher capacity and […]

Zain Iraq Performs “Exceptionally Well” in 1H-2018

By John Lee. Zain Iraq performed “exceptionally well” in H1 2018 when compared to H1 2017 with revenues reaching USD 558 million, a 7% increase Y-o-Y and EBITDA reached USD 194 million, up 8% reflecting an EBITDA margin of 35%. According to a statement from the company, the operation reported a net profit of USD […]

IFC arranges $269m Financing for Zain Iraq

The International Finance Corporation (IFC), a member of the World Bank Group, is providing a financing package of $269 million to Zain Iraq, a leading mobile network operator, to help reconstruct the country’s telecom operations and spur economic growth. IFC arranged a $269 million debt package including $100 million from IFC’s own account, and $169 […]