By John Lee. Asiacell Iraq has announced 4 percent growth in revenues from QAR 2.1 billion ($570 million) in H1 2016 to almost QAR 2.2 billion ($600 million) in H1 2017. The customer base increased 13 percent to reach more than 12 million customers in H1 2017. EBITDA decreased by 3 percent and stood at […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's prime minister has rejected Saudi and UAE media claims that a $500m ransom was paid by Qatar to Shia Muslim armed groups in Iraq to secure the release of 26 kidnapped Qatari […]
By John Lee. AINA reports that a large convoy of Iraqi Popular Mobilization Units (PMU) has been seen moving towards the Iraqi-Saudi border. This comes following increasing tensions between Saudi Arabia and Qatar; the Iraqi government has expressed support for Qatar in its conflict with Saudi Arabia. (Source: AINA)
By John Lee. Officials at Baghdad International Airport have reportedly intercepted a shipment of dollars and euros worth a total of $500m (£389m). Writing in The Independent, Patrick Cockburn claims the cash was contained in 23 large bags unloaded from a Qatari plane, and was intended as a ransom for 24 Qataris, several of them […]
By John Lee. Qatar-based Ooredoo has announced that its Iraqi unit Asiacell has maintained its No.1 revenue market share position, but its revenues have fallen 14 percent: In its FY 2016 Earnings Statement the company said: "Despite economic and political challenges in Iraq, Asiacell maintained its revenue and data market leadership. Asiacell successfully reactivated service […]
The Turkish-based IHH humanitarian relief organization -- in collaboration with Qatar Khairiyah Organization and Munazamah Dawah Islamiyah Qatar office -- has sent 22 trucks loaded with emergency aid supplies to Northern Iraq. The trucks carrying 30,000 blankets, 7,500 straw mats, 1,250 flasks, 150 tons of bulgur, 75 tons of pasta, 50 tons of flour, and 6,600 […]
By John Lee. Qatar's Energy Minister has reportedly said that Iran and Iraq are being asked to freeze oil output at current levels, as part of a wider deal to restrain production. According to ArabianBusiness.com, Mohammed Al Sada told reporters: "We are discussing with both countries on that and we are looking at various ways and […]
By John Lee. In its results for the first nine months of the year, Qatar-based Ooredoo said this morning that business at its Iraqi subsidiary Asiacell is still affected by the political and economic situation in the country, a "dysfunctional banking system", and VAT impact. Despite these challenges, Asiacell maintained its revenue leadership in the […]
In its results for the first half of 2016, Qatar-based Ooredoo said that its Iraqi mobile phone business Asiacell continued to be impacted by the security situation, the challenging economic environment and a decrease of customer purchasing power in Iraq. Revenue stood at QAR 2.1 billion [$577 million], down 15% compared with QAR 2.5 billion […]
Due to the circumstances experienced by the brotherly Iraqi people and the blockade from which many Iraqi cities are suffering, HH the Emir Sheikh Tamim bin Hamad Al-Thani has instructed the provision of with $ 10 million to the brotherly Iraqi people. The Foreign Ministry stressed, in a statement issued on Sunday, that the humanitarian […]
By Rami Khrais for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Do gas condensate exports represent new beginning for Iraq's hydrocarbon industry? Iraq exported its first shipment of gas condensate on March 20, from the port at Khor al-Zubair to Fujairah in […]
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 […]
