Tag Archives | Zain

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

Zain Iraq's Revenue Increases

By John Lee. Zain Iraq's Q2 2022 revenue grew 4 percent to USD 390 million, and EBITDA grew by 16 percent to USD 168 million, according to the company's results statement for the period. The company also reported an EBITDA margin of 43 percent, with net profit reaching USD 5 million. The operator's customer base […]

Zain Hit by Iraqi Dinar Devaluation

By John Lee. Zain Iraq's H1 2021 revenue reached USD 376 million, and EBITDA amounted to USD 145 million, reflecting an EBITDA margin of 39%. Net profit reached USD 24 million for the period. The operator's customer base increased by 7% to reach 16.1 million customers maintaining its market leading position. It should be noted […]

The Station partners with Zain Iraq

The Station Foundation for Entrepreneurship is announcing its strategic partnership with Iraq's leading telecommunications company, Zain Iraq. This cooperation was brought out of a pressing need for collective cooperation amongst stakeholders; a vision both parties mutually share. Zain's expertise across the Middle East working on youth development coupled with The Station's great access to a […]

Successful IBBC Conference in Dubai

IBBC's 5th Annual Iraq Conference in Dubai - Opportunity in Adversity The Iraq Britain Business Council (IBBC) was much praised at its conference on Thursday for pioneering in COVID-19 times by bringing together senior officials from Iraq, the UAE and the UK, prominent international and Iraqi businessmen, bankers and professional advisers as speakers and over […]

"Impressive Performance" for Zain Iraq

By John Lee. Zain Iraq's 9M 2020 revenue reached USD 708 million and EBITDA amounted to USD 285 million, reflecting EBITDA margin of 40%, according to the company's results statement for the first nine months of the year. The operation reported a net profit of USD 61 million for 9M 2020. The operator served 15.7 […]

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Miswag Closes Second Round of Investment

Miswag, Iraq's leading e-commerce platform, today announced the successful closing of its second round of seed funding. Coordinated by Iraq Tech Ventures and led by Euphrates Iraq Fund and Shwan Ibrahim Taha, Chairman of Rabee Securities, this round was funded by the same consortium of institutional and individual investors from the Middle East and United […]

Iraq to Renew Licences of Mobile Phone Companies

By John Lee. At its regular meeting on Tuesday, the Iraqi Cabinet has decided to renew the licenses of mobile phone companies for a period of five years. The offer is conditional on the companies paying 50 percent of their outstanding debt, and agreeing to provide 4G services. (Source: Govt of Iraq)

Zain Iraq Profits Up 28%

By John Lee. Mobile telecommunications company Zain has reported that its Iraqi revenue was stable at USD 1.1 billion last year, despite a competitive landscape and economic and political issues in Zain stronghold regions. Announcing its results for 2019, the company said: "[Zain Iraq] EBITDA grew strongly by 10% Y-o-Y amounting to USD 465 million […]

IBBC Delegation Meets Iraqi President

Iraq Britain Business Council (IBBC) fields significant Baghdad meetings with Dr Barham Salih, President of Iraq, and Ambassadors, to strengthen private sector business in Iraq. IBBC President Baroness Nicholson and MD Christophe Michels, Rasmi Al Jabri, IBBC Deputy Chairman and Mohanad Al Khatab Baghdad Office Manager, met this week with the President Dr Barham Salih […]