Tag Archives | Zain

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

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 […]

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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 […]

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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 […]

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Zain Iraq posts Strong Growth in Q1

By John Lee. Revenues at Zain Iraq reached $275 million in the first quarter of 2018, a 9-percent increase year-on-year. EBITDA reached $96 million, up 12 percent, reflecting an EBITDA margin of 35 percent. The operation reported a net profit of $8 million, substantially up on the $283,000 profit recorded for Q1, 2017. The expansion […]

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Zain Iraq, Ericsson Offer Boosted Data Services

By John Lee. In preparation for the anticipated increase in data traffic and demand in Iraq, Zain Iraq has invested in the implementation of Ericsson’s award-winning virtual Evolved Packet Core (vEPC) solution nationwide. The deal is Ericsson’s first vEPC contract in Iraq, and one of the first in the Middle East and Africa (MEA) region. […]

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Zain returns to Profitability in Iraq

By John Lee. Zain Iraq has reported a net profit of $29 million for 2017, up from a loss of $5 million the previous year. In a statement, the company said: “Despite the challenging yet improving socio-economic circumstances facing the operation, Zain Iraq performed exceptionally well when compared to the previous year. “Revenues grew consecutively […]

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Young Iraqis learn Innovative Development Tools

Over 300 participants, mostly youth, gathered in Baghdad on 12-14 October 2017 to participate in UNDP’s Innovation for Development workshop. Design Thinking and Lean Start-up methodologies were introduced as innovative tools to identify local development challenges and find solutions linked to the Sustainable Development Goals (SDGs) Iraq has adopted in early 2016. Design Thinking is […]

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IBBC holds Successful Autumn Conference in Dubai

Iraq Britain Business Council holds successful Autumn Conference in Dubai Following on from the first Iraq Britain Business Council conference in Dubai in 2016, the IBBC was delighted to host its Autumn Conference in the UAE once again. The event was strongly supported by the UAE authorities. Alongside Baroness Nicholson, the UK Prime Minister’s Trade […]

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Opportunity for UAE Business: Key Iraqi Ministers come to Conference

Rebuilding Iraq is central to the agenda of the Iraq Britain Business Council (IBBC) autumn conference at The Address, Dubai Marina on 12th November. The opportunity for businesses in the region to engage in Iraq is reflected by the attendance of a number of high profile Iraqi Ministers: from Electricity, Transport, Oil, Construction and Housing, […]

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Nokia to Improve Zain Iraq’s Network

Finland’s Nokia will modernize and expand Zain Iraq‘s radio networks with its most advanced technologies across Karbala, Najaf and Basra, with a special focus on the holy cities of Karbala and Najaf, to support the expected increase in data and voice traffic during Zeyara as millions of people converge on the region. Zeyara is an […]

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Govt demands Asiacell & Korek Relocate to Baghdad

By John Lee. Mobile phone operators based in Iraqi Kurdistan have reportedly been told by the Iraqi government to move their headquarters to Baghdad, following the region’s recent vote for independence. Asiacell is based in the Kurdish city of Sulaymaniyah, while Korek is based in Erbil; Zain, however, is based in Baghdad. According to a […]

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Zain Iraq to deploy Ericsson virtual EPC

Zain Iraq has selected Sweden’s Ericsson to upgrade its existing network using Ericsson’s virtual Evolved Packet Core (vEPC) offering to meet the growing data demands of its customers in the region. Under this collaboration, Ericsson will modernize the current infrastructure of Zain Iraq’s network by implementing a solution that will enable the operator to quickly […]

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