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Mobile phone transmission tower 1 (Pixabay)

Asiacell to sell Mobile Phone Transmission Towers

By John Lee.

Qatari mobile telecoms group Ooredoo is planning to sell its portfolio of transmission towers, which includes those owned by its Iraqi subsidiary Asiacell.

Media sources suggest that this will be done on a sale-and-leaseback basis, and that the portfolio may be split by country.

According to Reuters, Morgan Stanley is advising on the sale.

The full statement from Ooredoo is as follows:

"In line with its evolved strategy to shift towards an asset-light model, Ooredoo Q.P.S.C. (QSE: ORDS) ("Ooredoo") today announced that it is preparing for a potential carve out of its tower portfolio to extract optimal value from its infrastructure and create more value for customers and shareholders.

"The company's tower portfolio comprises about 20 thousand towers spread across the countries where it operates. This transaction will allow the company to work on a deal that is suitable for target markets, attract third tenant business and create efficiencies.

"As part of the process, Ooredoo will explore strategic options that will unlock significant capital and maximise value for shareholders."

(Sources: Ooredoo, Mobile Europe, Reuters)

Posted in Investment, Iraqi Communications News Comments Off on Asiacell to sell Mobile Phone Transmission Towers

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Qatar signs Grid Interconnection agreement with Iraq

Qatar Fund for Development (QFFD) cooperates with the Gulf Cooperation Council Interconnection Authority (GCCIA) to develop the Gulf electricity interconnection system and connect it to the southern Iraq network.

QFFD signed an agreement with the Gulf Cooperation Council Interconnection Authority to develop the Gulf electricity interconnection system and to connect it to the southern Iraq network.

This agreement aims to contribute to cover part of the demand for electricity and fulfilling its need, as well as improving the performance and stability of the electricity network in the southern region of the Iraq Republic.

By constructing a new transformer substation with a capacity of about 400 KV in the Wafra area in Kuwait and connecting it to the Gulf electricity interconnection system to the Iraqi electricity network thorough Al-Faw electricity transformer station in southern Iraq.

On this occasion, His Excellency Mr. Khalifa bin Jassim Al-Kuwari, Director General of Qatar Fund for Development, said:

"Together, in partnership with he Gulf Cooperation Council Interconnection Authority, we seek to extend electricity to our brothers in southern Iraq. As electricity support will play a fundamental and pivotal role in strengthening the vital basic sectors and supporting them to complete Its work, such as the health sector, which will in turn provide health services to a large number of patients, in addition to strengthening the educational sector such as schools and universities. This initiative will have a pivotal role in the economic contribution and infrastructure development."

His Excellency the CEO of the Gulf Electricity Interconnection Authority, Eng. Ahmed bin Ali Al-Ibrahim, that the electrical connection has achieved economic savings for the GCC countries of nearly 3 billion dollars since the full operation of the project, while avoiding any major interruptions in the Gulf networks since the start of operation in 2009, which has a significant impact on the continuity of electricity and its great impact on society and The economic and industrial sector in the GCC countries.

The project is being implemented by the GCC Electricity Interconnection Authority, which owns and manages the Gulf electrical interconnection network, and it is one of the most important infrastructure link projects approved by the Gulf Cooperation Council.

Among the benefits achieved by the project are reducing the required reserve in each country, mutual coverage in case of emergency, benefiting from the surplus, and reducing the cost of producing electric power among the GCC countries. Network connectivity operation.

The authority considers that the signing of the interconnection agreement with the electricity network in southern Iraq, which coincided recently with the Jeddah Summit for Security and Development on July 15, 2022, is one of the most important strategic projects in the GCC countries, which will start implementation work during the month of August, hoping to operate the connection with the summer of 2024.

It is worth noting that the Gulf Electricity Interconnection Project achieved its most important strategic objectives of enhancing energy security and raising the level of reliability and safety for the Gulf electrical systems, and its success in avoiding the GCC electricity networks for any partial or total interruption by 100% by providing instant support by transferring the required energy through the network The electrical connection directly, as more than (2,500) support cases have been supported since its operation.

(Source: Qatar Fund for Development)

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Mustafa Al-Kadhimi 220421 a

Prime Minister: Iraq is finding its Own Footing

By John Lee.

Writing in Foreign Policy, Iraqi Prime Minister Mustafa al-Kadhimi says that after leaning heavily on the United States, Iraq is finding its own footing.

Original article (subscription required):

On Biden's Middle East Visit, He Will See a New Iraq at the Table

Summary of the main points of the article, according to the Media Office of the Prime Minister:

Arabic: here;

English, below (via Google Translate):

When US President Joe Biden arrives in the Middle East this week, he will arrive in a region facing many challenges, such as terrorism, food security, and climate change. But the Middle East today is a region facing these challenges with a group of leaders seeking positive change.

I will represent a recovering Iraq that stands with greater confidence on the international stage stronger than it has been since President Biden's last visit in 2016, or even more than when we met in the Oval Office last year.

The United States has had a significant role in supporting Iraq over many years, and we are grateful for the help and sacrifices that Americans have made to support us. Today, Iraq is drawing its own path, locally, regionally and internationally.

What I hope Mr. Biden will realize after our meeting in Saudi Arabia on Friday is my personal determination, and the determination of the Iraqi people to solve Iraq's problems through Iraqi solutions.

Iraq is now a multi-party and multi-ethnic constitutional democracy. Yes, we are still in the protracted process of forming a new government after the elections last fall. The formation of the government took a long time, which has indeed frustrated many inside and outside Iraq.

I share that sentiment, but I am also proud of the state's ability to continue to serve Iraqi citizens, protect our natural resources, and play a leading role in regional initiatives that advance prosperity and security.

Nearly two decades have passed since the elections were called, which is a great evidence of the extent to which democracy has been entrenched in Iraq after more than three decades of Saddam's brutal dictatorship; This is a success story that cannot be overlooked.

The political difficulties that result from the elections are an example of the confused conditions that democracy sometimes produces, and confirm the need to consolidate the principles of democracy in Iraqi public life, and to ensure its sustainability in a way that is not limited to the ballot boxes.

The path towards a successful democracy requires time, will and leadership. With our two feet after the expulsion of ISIS from our land, today we can look towards better prospects, as our country is no longer a passive member of the international community; We are now active at the regional and international levels, including the initiative to host the multilateral summit aimed at strengthening regional cooperation and stability.

Last year, Iraq hosted the Baghdad Conference for Cooperation and Partnership with the leaders of Jordan, the United Arab Emirates, France, Qatar, Kuwait, and Egypt, with the participation of ministers from Turkey, the Islamic Republic of Iran, and Saudi Arabia.

The conference discussed security, economic, and environmental issues whose solutions require goodwill, sincere participation, and cooperation between states, through these and other initiatives, we were able to play a positive role in the region.

This is evidence of my government's commitment to spare no effort to achieve stability in our country and the region. While we seek to de-escalate tensions by bringing the various parties together, we also strongly support respect for each country's sovereignty and the need for non-interference in the internal affairs of other countries.

Our relationship with the United States has changed for the better, and while our historical cooperation revolved around security and combating terrorism, the relationship is now expanding to include other no less important societal challenges, such as: economy, energy, climate change, environment, health, education, and culture.

With progress made by Iraq, our strategic dialogue with the United States has also progressed, and the transition from the American combat role to another broad-minded form has taken place with a deepening of relations outside the security framework.

Our partnerships with the United States Agency for International Development and other American institutions provide us with influential support and technical expertise in our journey to build our country.

The main motive for this growth in the relationship was the Iraqi national need to invest in the repercussions of regional stability, economic development, environmental security, solutions to climate change, and food security.

Geographically, Iraq is located in the hottest regions in the world, and the most affected by climate changes, and concern about dust storms, high heat waves, drought, and lack of water supply has become the prevalent among our people compared to the terrorist threat.

But Iraq remains an important producer of oil at the international level, with huge reserves that are not fully explored, but this economic artery increases our environmental challenges.

Therefore, we are working quickly to invest gas that burns in oil fields, and we want to convert our strong sunlight into electrical energy that can support the development of our industries, and create jobs for our young generations.

Iraq has a lot to offer the region, whether in terms of economic integration, free trade opportunities or the stability of energy markets.

We have built bridges of important relations with countries such as: Jordan, Egypt, and the Gulf Cooperation Council, and we have begun to see tangible results for this improvement in relations in various forms, including the development of electrical interconnection with our Gulf neighbors as well as Jordan, the pivotal regional state.

At the end of last year, we completed the payment of the dues to the State of Kuwait, which resulted from the disastrous invasion carried out by Saddam in 1990.

There are problems that need to be addressed, foremost among which is that we, the Iraqis, strengthen the state's authority and control over the spread of uncontrolled weapons.

The problem of recovering weapons after they fell into the wrong hands suffered from the most powerful countries; In order to protect their democracies, and address them in Iraq will require Iraqi solutions that are sustainable and require strategic patience inside Iraq and from our partners.

The United States and our other international partners should look at and deal with the Iraqi issue from the perspective of the progress we have made, as well as should.

(Sources: Foreign Policy, Media Office of the Prime Minister)

Posted in Iraq Industry & Trade News, Politics, Security Comments Off on Prime Minister: Iraq is finding its Own Footing

Tax (Pixabay)

Iraq to sign Double Taxation Agreements

By John Lee.

The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi.

Following discussions, the Cabinet authorised the Ministry of Finance to negotiate and initialize a draft agreement for the avoidance of double taxation and the prevention of tax evasion on income and capital, between Iraq and Jordan, Sri Lanka, Slovakia, Qatar, Pakistan and Romania.

(Source: Govt of Iraq)

Posted in Iraq Industry & Trade News, Politics Comments Off on Iraq to sign Double Taxation Agreements

democracy (Pixabay)

Iraq falls to New Low in Democracy Index

By John Lee.

Iraq has fallen to a new low in the Economist Intelligence Unit's annual Democracy Index.

Ranking joint 116th out of 167 countries, along with Mozambique, Iraq is classified as "authoritarian".

The score is Iraq's lowest since the Index was created in 2006.

Within the Middle East region, Iraq ranks 9th out of 20 countries, putting it just behind Qatar and just ahead of Jordan.

The Democracy Index provides a snapshot of the state of democracy worldwide based on five categories: electoral process and pluralism, functioning of government, political participation, political culture, and civil liberties.

Based on its scores on a range of indicators within these categories, each country is then classified as one of four types of regime: "full democracy", "flawed democracy", "hybrid regime" or "authoritarian regime".

The full report can be downloaded here.

(Source: EIU)

Posted in Politics Comments Off on Iraq falls to New Low in Democracy Index

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Iraq Hosts FAO Conference

Near East and North Africa countries focus on nutrition, climate, resilience, water and gender

The 36th FAO Regional Conference for the Near East (NERC36) started today with a focus on improving nutrition, building resilient rural communities, optimizing water management, addressing the impacts of the climate crisis and fostering green recovery initiatives, as well as gender-sensitive development strategies.

Agrifood sectors are among those struggling to recover from the shocks created by the COVID-19 pandemic over the past two years, and highlight the importance of sustainable and resilient societies, FAO Director-General QU Dongyu said in opening remarks conveyed virtually to the meeting hosted by the Government of Iraq.

"In the Near East and North Africa region, the pre-pandemic food security situation was already critical" with rising hunger and increasing inequalities jeopardizing the welfare of rural populations, women and youth, and worsening water scarcity, he said.

The Director-General outlined four priority areas for innovation and best practice to support the region's recovery: Reducing the urban and rural socio-economic divide by creating better rural employment opportunities; ensuring food security and healthy diets for all; restoring environmental balances; and building resilience against multiple shocks.

"Action at country level is the core of the 2030 Agenda," Qu said, emphasizing the importance of partnerships and cooperation in achieving the 2030 Agenda.

"Dialogue, joint thinking, cooperation , partnership and the development of new strategies to deal with challenges, especially climate change, are among the priorities to achieve common goals," said Prime Minister Mustafa Al-Khadimi of Iraq in opening remarks. "No society can grow at the expense of another."

The inaugural session was also addressed by Muhammad Karim Al-Khafaji, Iraq's Minister for Agriculture, the Chairperson of NERC36, and Hans Hoogeveen, Independent Chairperson of the FAO Council. The Director-General of FAO expressed his gratitude to the government and people of Iraq for hosting NERC36 during challenging times, and for delegations who joined the meeting in Baghdad.

"With the world experiencing the worst food crisis in 100 years, the FAO Regional Conference for the Near East will provide an opportunity to share expertise and review the capabilities of the countries of the region with a view to helping achieve food security," the Iraqi Agriculture Minister, Mohammad Karim Al-Khafaji, highlighted during his opening speech.

"The conference's output is expected to reflect positively on the future of agriculture in Iraq and to help achieve integration among the countries of the region," he added.

NERC36

The regional conference's agenda includes several high-level segments with ministerial roundtables on core themes to be held today. Tomorrow's agenda will include a side event on water, energy and food in the context of the upcoming COP27, followed by the adoption of a ministerial declaration and the report on NERC36.

The Director-General emphasized he has initiated institutional reforms at FAO to give regional offices more strategic power to ensure local action, and that flagship initiatives to support the Organization's Strategic Framework are already at work in the region.

Three countries in the region are already participating in the Hand-in-Hand Initiative, which aims at increasing agricultural production in areas with the highest rates of poverty and hunger. Seven countries are participating in the 1000 Digital Villages Initiative, which seeks to reduce the digital gap faced by smallholders and rural dwellers, while the new One Country One Priority Product initiative, which focuses on products with unique qualities, holds important opportunities for implementation around the region, Qu said.

More actions are forthcoming, he added, as FAO develops a regional strategy on digital innovation and completes the Regional Technical Platform on Water Scarcity, which will become a knowledge hub on the subject allowing countries around the world to benefit from the vast experiences acquired in the Near East and North Africa.

FAO is also hosting a Coordination Hub to shepherd follow-up actions on the ground after the UN Food Systems Summit 2021.

In preparation for the Ministerial meeting, a Senior Officers' meeting (SOM) was organized in virtual format in January. It was attended by 409 participants from 27 Members as well as representatives from the private sector, civil society and academia. The SOM was coordinated by FAO Assistant Director-General Abdul Hakim Rajab Elwaer, Regional Representative for the Near East and North Africa, along with senior officials from Iraq.

The documents submitted to the meeting are available here.

Members of the NERC: Afghanistan, Algeria, Azerbaijan, Bahrain, Cyprus, Djibouti, Egypt, Iran, Iraq, Jordan, Kuwait Kyrgyzstan, Lebanon, Libya, Malta, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tunisia, Turkmenistan, United Arab Emirates, Turkey, Yemen.

(Source: FAO)

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IBBC Dubai Autumn Conference fields Top Speakers in All Sectors

As a measure of confidence in the global and Iraqi economy, the Iraq Britain Business Council (IBBC) is seeing a marked upswing in quality and quantity of speakers at the Autumn Conference at the Address hotel, Dubai 22nd November.

The topic, in line with COP26 and the new energy horizon, is one of sustainability. Not only is this a key question for the oil and gas sector in Iraq, but also for the diversification of the economy and sustainable finances and industrial sectors within the country. With the hope of formation of a new government and stronger oil prices and government revenues, this could be described as a critical juncture in the evolution of Iraq.

Will the Government make the bold reform steps its people require? Can the economy diversify and enable the private sector to flourish? How will Iraq reform its energy sector and inflect towards renewable power, and develop its agricultural intentions at a time of water scarcity? How best to train and employ the many young people in the short term and how can the digital transformation of Iraq be delivered.

The Oil Minister H.E Ihsan Abdul Jabbar Ismaael intends to attend, along with Dr Salem Chalabi President of TBI, the Iraqi Ambassador to UAE, the British Ambassador to Iraq, and HM Consul General to Middle East. There is a very strong showing among IBBC members, leading IOC's including BP, TotalEnergies, and Basra Gas Company, and major suppliers to the Energy Sector such as Hydro-C and Oilserv and the ability to meet their CEO's at the event.

Professor Frank Gunter will give his insightful analysis of the economic outlook for Iraq and the steps to reform it must take to create a sustainable economy.

Finance too is fielding heavyweight speakers from IFC, Standard Chartered, Sardar Group (Principal Sponsors), Emirates credit insurance and a representative Director General of the Finance Ministry. Of particular interest are companies dedicated to supporting reform in Iraq, notably City and Guilds via GEMs and Stirling Education who are setting up international level qualifications for Iraqi companies for the first time, to raise standards and opportunities for Iraqi companies and youth, and SAP who are dedicated to the digital transformation of Iraq and will be outlining their vision and practical steps to achieve this. Both skills and digital applications are key drivers of a sustainable economy and take centre stage in this respect.

On the Industry Panel we see Dahlia Energy, Sardar Group, Al Busttan and Khudairi discussing the diversification of the economy and how they can help sustain momentum into the future, with their forward-looking businesses.

In parallel the online Tech conference is addressing data and its benefit to Government, business and the citizen. Sponsored by SAP, who will lead on the benefits of data in digital transformation, complimented by UK's GDS, Mastercard on smart cities, UK's Agri-epicentre and British Water and Serco; all leaders in their fields and passionate about the benefits of technology and data in delivering sustainable future economies.

For companies looking to meet the main business leaders in Iraq, this really is a conference to attend. Not only to meet Government officials and ministers, but also the leading supply chain organisations and IOC's and to learn about the future opportunities and likely evolution of Iraq's economy. To this end there is a pre-conference reception the night before at the Iraqi pavilion Dubai Expo 2020, and many opportunities to interact with delegates during lunch and coffee breaks, as well as the ability to sign up to view the conference online.

For more information and the latest speaker line up- please go to: IBBC Autumn Conference - IBBC (iraqbritainbusiness.org)

About the sponsors:

Saradar Group: Principal sponsors

With more than 30 years of rich experience in the automotive sector, Sardar Group became the leading group in the Automotive Sector in Iraq. Their intimate knowledge of the Iraqi market helped import, stock and sell the right brands, types, and models, while their excellent reputation, track record and credibility have helped grow the business times many over since 2003.

Since 2005 with a desire to move from Automobile Trading to providing its customers with all-round Automotive Solutions, Sardar Group started utilizing the synergies of its existing operations to diversify its automotive business activities to include Trading, Leasing of Vehicles, Equipment & Machinery and most importantly Aftersales Service Support.

Today, Sardar Group represents world-renowned automotive brands and heavy construction equipment & machinery exemplified in the following brands:

  • Toyota & Hino (in partnership with Sumitomo Corporation)
  • Jaguar
  • Land Rover
  • Polaris
  • Doosan
  • TOTO

Hydro-C : Gold Sponsors

Hydro-C is catalysing the transition of fossil fuel-based energy to renewables by means of introducing sustainable green solutions into the industry to decarbonise operations and projects, and maintain profitable output. The company plan to focus on Solar, Wind and Hydro powers as a source of energy to achieve net Zero with energy providers and IOCs by 2050 in Iraq. By trading the UK innovative solutions and replicating successful projects which can cut on emissions and support sustainable growth. The company focus is on investing in the young generation, education, new technologies and innovations to support this transition.

SAP: Gold Sponsors

SAP is one of the world's leading producers of software for the management of business processes, developing solutions that facilitate effective data processing and information flow across organizations. SAP helps companies and organizations of all sizes and industries run their businesses profitably, adapt continuously, and grow sustainably. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improves people's lives. SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP system. SAP's machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. Their end-to-end suite of applications and services enables its customers to operate profitably, adapt continuously, and make a different

City&Guilds/ GEMS: Gold Sponsors

City and Guilds was Founded in 1878 and Granted a Royal Charter by Queen Victoria in 1900.

Global leader in skills development. 4 million people each year use City and Guilds to develop skills that help them into a job, develop on that job and prepare for their next job. Global Benchmark operating in Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Turkey and UAE

Vocational Education / City and Guilds Models in Iraq:

  • To Partner with Training Institutions for delivery of City and Guilds qualifications - pathway to work programmes with curricula developed by employers.
  • Accredit employers' own training so employees can obtain internationally recognised qualifications.
  • Partner with Iraqi investors to set up Private Technical and Vocational Institutions that deliver City and Guild qualifications.

Operational in Baghdad, Basra, Erbil and exploring a project in Najaf.

Serco: Silver Sponsors

Serco is managing Air Traffic control systems in Iraq and internationally. In the Middle East, Serco employs more than 4,500 people across four countries including the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar and Iraq

Basra Gateway Terminal: Bronze Sponsors

Basra Gateway Terminal (BGT) is Iraq's premier container and multi-purpose cargo handling facility. It is situated in Umm Qasr, 50 km from Basra and 500 km from Baghdad.

Operated by International Container Terminal Services Inc. (ICTSI), BGT's team of high-performing Iraqi and International port professionals deliver customer-focused, high productivity and congestion-free port services to Iraq's economy.

Bell Finance LLC: Bronze Sponsors

Bell Finance Limited Liability Company was created in the US State of Delaware in July 2019 to build upon the Iraq Middle Market Development Foundation's lending and educational activities in Iraq since 2005 (www.immdf.org). Bell will continue IMMDF's lending activities by co-financing with Iraqi banks qualifying private sector projects that generate employment and economic growth in Iraq, incorporating Iraqi private sector companies as equity partners. Bell will also continue and expand IMMDF's educational activities in Iraq.

(Source: IBBC)

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Amer Sunna, Asiacell

Nokia to build Asiacell's Next-Gen Microwave Network in Iraq

By John Lee.

Finland's Nokia today announced that Asiacell Telecom has chosen Nokia to build its next-generation microwave network in Iraq.

In the five-year deal, Nokia's Wavence microwave packet radio will help Asiacell address demand for more capacity and provide fiber-like connectivity everywhere, including remote and difficult-to-reach areas

In a press release, Nokia said that this new microwave network will be essential to meet the capacity and provide the ultra-low latency required to delivering compelling experiences to end users:

"For this project, Nokia will replace legacy microwave equipment by either modernizing or deploying approximately 3,000 network links across multiple locations in Iraq over the next five years."

Amer Sunna (pictured), CEO and Managing Director of Asiacell, said:

"We are pleased to extend our partnership with Nokia by trusting them with yet another project. Improving network performance and enhancing the end-user experience has always been our top priority and having Nokia as a strategic partner is helping us achieve this. By leveraging Nokia's global scale, we look forward to building a future-proof network that will help us meet the growing mobile traffic demand in Iraq."

Rima Manna, Head of the Middle East Market Unit at Nokia MEA, said:

"We're delighted that Asiacell has turned to us again to build a reliable and futureproof microwave network. With our Wavence portfolio, we are confident of providing the best-in-class microwave enabling Asiacell to easily upgrade to next-generation technology. This microwave network modernization will allow Asiacell to provide differentiated services and enhance its revenue by introducing new and innovative services."

Asiacell is part of Qatar's Ooredoo Group.

(Source: Nokia)

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Menzies expands MASIL JV at Baghdad Airport

Menzies Aviation expands MASIL joint venture with launch of passenger services at Baghdad International Airport

Menzies Aviation has announced that it has expanded its joint venture with Iraqi Airways ("MASIL") to offer passenger services at Baghdad International Airport.

MASIL has now assumed operational control of passenger service activities in the Nineveh terminal at Iraq's largest airport as part of its commitment to the Joint Venture Partnership.

As part of the 400 strong team already on the ground, 155 MASIL employees will provide passenger services to Iraq Airways. The partnership is already delivering a suite of ground handling services to customers including Emirates, Qatar Airways, Turkish Airlines, Royal Jordanian, Egypt Air, flydubai and Middle East Airlines.

As part of its long-term strategy for developing the airport's services, MASIL will implement programmes to further enhance the skills of the local workforce to improve customer experience, safety and security standards, and ensure that operations in Baghdad remain in accordance with the global regulations approved by international aviation organizations.

In a statement, the company said that its investment in these training programmes and provision of world-class equipment demonstrates its commitment to establishing Baghdad as a centre of excellence and bolstering the growth of the aviation sector in the Middle East.

Charles Wyley, Executive Vice President, Middle East, Africa and Asia, Menzies Aviation said:

"We're delighted that MASIL is going from strength to strength in Baghdad, from the launch of our Cargo Go Live initiative a few months ago to the commencement of passenger service activities.

"One of the key aims for MASIL is to support the development of Iraqi nationals to assume key positions within the business going forward and we're pleased to see our advanced training programmes are already underway.

"This partnership comes at an exciting and important juncture in Iraq's aviation history as the country looks to upgrade key infrastructure and services at Baghdad International Airport to enable growth and return to being a key regional and international hub for aviation."

(Source: Menzies Aviation)

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Asiacell 040220

Asiacell Grows Customer Base in Iraq

By John Lee.

Mobile phone service Asiacell has reported a sharp drop in revenue, when expressed in Qatari riyals, as a result of the devaluation of the Iraqi dinar.

In its results for the half year ended 30 June 2021, parent company Ooredoo said:

"Asiacell reported revenue of QAR 1.7 billion during the first half of 2021, a decrease of 12% due to the devaluation of the Iraqi Dinar by 17%, and an improved EBITDA margin of 46% driven by ongoing cost optimisation initiatives.

"Asiacell has invested in its digital transformation programme driven by the need to offer a safe and convenient service to its customers and was recognised for these efforts at the International Finance Awards, for the second year in a row.

"Asiacell's customer base increased by 9% to 14.5 million in H1 2021 compared to 13.3 million in H1 2020."

(Source: Ooredoo)

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