Custom Search

Sheikh Saud Bin Nasser Al Thani, Group CEO, Ooredoo

Asiacell Revenues Sharply Down

As part of its results statement for the twelve months to 31st December 2015, Qatar-based Ooredoo gave the following update for its Asiacell mobile telecom operation in Iraq:

"Asiacell was impacted by the security situation in Iraq and aggressive pricing competition in the first half of the year. Consequently, revenue was down 22% to QAR 4,884 million in 2015 from QAR 6,298 million in 2014.

"Its customer base was 10.8 million, down from 12.3 million in 2014. EBITDA decreased to QAR 2,136 million in 2015 from QAR 2,939 million in 2014. Net Profit stood at QAR 159 million in 2015 (QAR 1,031 million in 2014) due to lower EBITDA and higher depreciation and amortization expenses on the back of 3G investments.#

"Shutdowns across Asiacell's network impacted active subscriber numbers and revenue. However, a number of areas were also liberated throughout the year with Asiacell beginning to see some return of revenue in areas such as Tikrit city.

"The aggressive pricing competition characterizing the first half of the year alleviated in the second half of the year and Asiacell successfully launched a series of regional pricing initiatives. In Q4 2015, Asiacell began to increase its customer base with a 2% improvement compared to Q3 2015.

"Asiacell obtained its 3G license in 2014 and started 3G services from 1 January 2015. As a result, the company achieved double-digit growth in data revenues in 2015 compared to 2014."

(Source: Ooredoo)

(Picture: Sheikh Saud Bin Nasser Al Thani, Group CEO, Ooredoo)

Posted in Iraqi Communications News Comments Off on Asiacell Revenues Sharply Down

Lt. Gen. Charles Brown

Air Power Vital to Counter-ISIL Success, Commander Says

As the U.S.-led coalition’s air campaign to counter the Islamic State of Iraq and the Levant in Iraq and Syria brings its capabilities to the fight, joint interoperability continues to degrade the terrorist organization, the commander of U.S. Air Forces Central Command said today.

Air Force Lt. Gen. Charles Q. Brown Jr., who also serves as Combined Forces Air Component commander for Operation Inherent Resolve, briefed Pentagon reporters on progress in the coalition’s counter-ISIL air operations via teleconference from an air operations center in Al Udeid, Qatar.

The interoperability among the coalition nations is built upon “years of combined training and multilateral exercises [that have] been key to our continued success in the air campaign,” Brown emphasized.

“There is no doubt coalition air power has and continues to dramatically degrade [ISIL’s] ability to fight and conduct operations,” he added.

While persistent air coverage continually exploits ISIL’s weaknesses, “we are more effective today than ever before,” the general said. “We're conducting the most precise air campaign in history, and we're able to attrit [ISIL] and its capabilities any time and anywhere.”

Targeting Areas for Defeat

Targeting ISIL logistics, command and control and weapons manufacturing are some of the areas in which the coalition has had increased success, he said.

Pages: 1 2 3

Posted in Security Comments Off on Air Power Vital to Counter-ISIL Success, Commander Says

RAF Voyager KC2 refuels two Tornado GR4 over Iraq, Operation Inherent Resolve

Coalition to 'Accelerate and Intensify' Campaign Against IS

Following a first-of-its-kind meeting hosted by Defense Secretary Ash Carter in Brussels on Thursday, the defense ministers of nations involved in the coalition to counter the Islamic State of Iraq and the Levant released a statement summarizing the meeting’s outcome.

In addition to Carter, the defense ministers of Belgium, Bahrain, Canada, Denmark, Finland, France, Germany, Hungary, Iraq, Italy, Jordan, Kuwait, Morocco, the Netherlands, New Zealand, Norway, Poland, Portugal, Qatar, Romania, Saudi Arabia, Slovenia, Spain, Sweden, Turkey, the United Arab Emirates and the United Kingdom participated in the meeting that led to the joint statement. They were joined by senior representatives from Australia, the Czech Republic and Singapore, three nations that provide or intend to provide forces or other support to the campaign.

The statement said the ministers paid tribute to the efforts of all Iraqi security forces, including the peshmerga and Sunni tribal forces, and moderate Syrian opposition forces who are fighting ISIL and have caused numerous tactical defeats of the terror organization in recent months. The ministers said they also acknowledged the coalition force commander's assessment that these successes mark the transition of the Counter-ISIL campaign.

However, the ministers said, they also acknowledged that significant work remains to be done to ensure ISIL’s lasting defeat and the restoration of stability in Iraq and Syria. “We called on those states playing a counterproductive role in the fight … and the Syrian peace process to play a more constructive role,” the statement said.

Broad Support for Campaign Objectives

The ministers said they provided broad support for the objectives of the counter-ISIL campaign plan and reaffirmed their governments' “unwavering commitment” to work together.

Pages: 1 2 3

Posted in Security Comments Off on Coalition to 'Accelerate and Intensify' Campaign Against IS

kidnap - shutterstock_222822964

Who's to Blame for Recent Kidnappings in Iraq?

By Omar al-Jaffal, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Iraq is experiencing a resurgence in the abductions of foreigners, something that had tapered off in recent years. Three new incidents include the kidnappings of 18 Turkish workers in September, 26 Qatari hunters in December and three US citizens in January.

Following the US occupation of Iraq in April 2003, Iraq became a ripe environment for the kidnapping of Arab and foreign diplomats, as well as foreign laborers. In 2004, Egyptian and Iranian diplomats were kidnapped by unidentified militants and the Islamic Army in Iraq, respectively. Yet negotiations with the abducting groups led to their release.

The same year saw the kidnapping of foreign workers whose companies were forced to leave Iraq because they received constant threats; one example is Turkish goods transfer company Atahan, which closed its doors after one of its workers was kidnapped.

Iraq was unable to protect its citizens and foreign laborers working on its territory.

Although abductions abated during the second term of former Prime Minister Nouri al-Maliki (2010-2014), suicide bombings continued as armed groups grew amid the Iraqi authorities’ failure to eliminate them. Kidnappings strongly re-emerged after the Islamic State (IS) took control of one-third of the country in June 2014.

In the recent kidnappings, the 18 Turkish workers in Baghdad were taken as they worked on building a sports facility east of the capital. A group known as the Death Squad claimed responsibility. The group had a clear political agenda: In a video released Sept. 11, the group called on Turkish President Recep Tayyip Erdogan to lift the siege imposed on two Shiite villages in northern Syria. The Death Squad is a Shiite group whose supporters have yet to be revealed.

Pages: 1 2 3 4

Posted in Security Comments Off on Who's to Blame for Recent Kidnappings in Iraq?

ScreenHunter_2754 Jan. 27 13.49

Qatar Winterization Project for Displaced Iraqis

Under the ongoing Warm Winter 2015-2016 campaign in several countries, and with a budget of QR 11 million, Qatar Red Crescent Society (QRCS) has completed a large-scale winterization project in Al-Anbar Governorate.

The $494,000 (QR 1.8 million) project is aimed at alleviating the suffering of internally displaced Iraqis who fled the fighting in the governorate.

Over a month, QRCS personnel distributed winterization aid like blankets, winter clothes, and heating material to 6,500 families (39,000 people) in several cities and IDP camps.

In cooperation with local partners, the beneficiaries were selected based on certain criteria, focusing on the most vulnerable IDPs who live in very tough conditions outside of camps, especially amid the cold weather and lack of protection.

QRCS is already conducting other relief projects for Iraqi IDPs in Kurdistan, including a water and sanitation project to establish a water storage and distribution system in Ashti Iraqi Refugee Camp, Sulaymaniyah, serving 1,312 families (7,878 people) of the camp.

Under the Warm Winter 2014-2015 campaign in Kurdistan, which targeted the Iraqi IDPs in Erbil, QRCS personnel distributed $219,178 worth of winter aid to 5,088 most-vulnerable families (30,528 people) with widows, children, elderlies, and disabilities. Each family received three blankets.

Pages: 1 2

Posted in Security Comments Off on Qatar Winterization Project for Displaced Iraqis

kidnap - shutterstock_222822964

Americans Kidnapped in Baghdad

The US embassy in Baghdad has confirmed that "several" Americans have been kidnapped in the city.

BBC News quotes a state department official as saying:

"We are working with the full co-operation of the Iraqi authorities to locate and recover the individuals."

US officials did not say how many were held or where they were seized, but an official in Baghdad said three CNN contractors were missing.

AFP said an Iraqi police colonel said on condition of anonymity that three Americans and an Iraqi translator were kidnapped in southern Baghdad.

In January, a group of Qatari hunters, including members of the ruling family, was kidnapped in the Iraqi desert, and their whereabouts are still unknown.

(Sources: BBC News, AFP)

(Kidnap image via Shutterstock)

Posted in Security Comments Off on Americans Kidnapped in Baghdad

Sheikh Saud Bin Nasser Al Thani, Group CEO, Ooredoo

Asiacell Expands Mobile Financial Services

Ooredoo is expanding its mobile financial services (MFS) following the launch of AsiaHawala exclusively with Asiacell, part of Ooredoo Group, in December 2015.

AsiaHawala is the first-ever mobile money service provider to launch in Iraq, licenced by the Central Bank of Iraq. The service enables Asiacell customers to make a number of Mobile Money transactions on a daily basis, including money transfer, bill payments and airtime top-up.

AsiaHawala is currently available at 1,600 locations throughout all governates of Iraq.

With the launch of AsiaHawala, Ooredoo now offers mobile financial services in four markets - Qatar, Indonesia, Tunisia and Iraq - delivering daily services to nearly five million customers.

H.E. Sheikh Saud Bin Nasser Al Thani (pictured), Group CEO, Ooredoo, said:

"Smart financial services have the potential to change people's lives, by offering access for the under-banked and providing customers with greater control over their money.

"Ooredoo is deploying a full range of innovative solutions to extend the range of mobile financial services across our footprint, and we're very proud that Asiacell has launched the first mobile money service licenced by the Central Bank of Iraq."

(Source: Ooredoo)

Posted in Iraq Banking & Finance News, Iraqi Communications News Comments Off on Asiacell Expands Mobile Financial Services

ScreenHunter_2579 Jan. 07 10.40

Video: Saudi-Iran Row - Iraq Offers to Mediate

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

Iraq is offering to mediate between Saudi Arabia and Iran to end their dispute, which began when Riyadh executed a prominent Shia cleric.

This, along with Tehran's alleged failure to protect Saudi Arabian consular buildings during protests, led to the recalling of their respective ambassadors.

A number of other Arab countries, including Qatar and Bahrain, have also cut diplomatic ties with Iran.

Al Jazeera's Paul Chaderjian reports:

Posted in Politics, Security 4 Comments

Redtag

Dubai-based Fashion Retailer to Expand in Iraq

Dubai-based Redtag, the value fashion and home lifestyle brand, has announced that it plans to open 20 more stores in the MENA region in 2016 including in Saudi Arabia, Oman, Egypt, Iraq, and Uzbekistan.

Out of a total of the brand’s over 170 stores across the Middle East, 101 are currently in Saudi Arabia, with a large presence in other countries including the Bahrain, Egypt, Iraq, Jordan, Kuwait, Nigeria, Oman, Qatar, Tunisia, UAE, Uzbekistan and Yemen.

The company, part of BMA International, was launched in 2006.

(Source: Al Bawaba)

Posted in Iraq Industry & Trade News 5 Comments

ScreenHunter_2529 Dec. 26 18.14

Teach The Rich: Basra's Private School Business Booming

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Teach The Rich: Basra's Private School Business Booming, But So Are Students' Fees

In Iraq the public education system is facing huge challenges. Often two or three schools will share one building for all their classes and pupils are taught in shifts. In the southern Iraqi province of Basra, one building has become notorious because seven schools share the rooms.

Often classes consist of about 60 pupils at a time. And if the classrooms are not crowded, then they may well be old and unsafe and lack facilities like bathrooms or air conditioning.

There are around 1,800 public schools in Basra and they occupy around 1,000 buildings in the province, Maki Mohsen Mahous, the director of Basra's provincial Department of Education told NIQASH.

Many of the buildings are actually unsuitable for teaching and, he says, “we still need to build another 700 schools to solve the problem of overcrowded classrooms”.

There are also growing doubts that the provincial government will be able to do this because of the country's financial crisis, which has seen provincial budgets diminished.

These are just some of the reasons that parents like Basra father, Salman Ahmad, are choosing to send their children to private schools. His three children now get transportation to school, the classrooms have modern equipment and they are heated and air conditioned, Ahmad says.

“All this is great,” he says. “The only problem I foresee is that the school could raise its fees at any time, without any restrictions.” Like many other parents, Ahmad is concerned that prices will rise beyond his family's means and his children's education will be interrupted.

Pages: 1 2 3

Posted in Iraq Education and Training News Comments Off on Teach The Rich: Basra's Private School Business Booming