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 Secures $400m Debt Facility

IFC, a member of the World Bank Group, is supporting economic growth and expanded access to telecommunications services in Iraq through a landmark $400 million, seven-year debt facility for Zain Iraq, the country’s largest mobile phone operator. Zain Iraq is a subsidiary of Kuwait-based telecommunications operator Zain Group, a longtime IFC partner. Zain is the […]

Iraq Fines Zain $262 Million

Reuters reports that Iraq has fined Kuwait-based telecoms provider Zain $262 million for putting 5 million Sim cards in the local market without permission, contravening its licence. The company has three months to pay. Zain's Iraq unit will appeal the fine, its chief executive, Emad Makiya, said. "They have no right to issue such a […]

Zain Iraq Expects Boost from Kurdish Region

The Iraqi unit of Kuwait's Zain expects to add up to 18,000 new subscribers a month after starting operations in Iraq's northern Kurdish region, Reuters has reported. "I would expect that we will be adding around 15,000 to 18,000 (new subscribers) a month," chief executive Emad Makiya told the news agency, adding that the total […]

France Telecom Targets Iraq's Korek

According to the Financial Times, the European telecom giant France Telecom is engaged in talks to buy a minority stake in the Iraqi mobile phone operator Korek, as part of a bid to expand its operations in the Middle East. Although no deal has yet been struck, financial observers say that a potential agreement could […]

Zain Shares Rise on Etisalat Approach

Etisalat, the state-controlled telecommunications company of the United Arab Emirates, has made an offer to acquire a large stake in Zain, Kuwait’s largest operator, which has mobile telecom operations in Iraq. The Financial Times reports that Zain, which is partially owned by Kuwait’s sovereign wealth fund (24.6%) and the country’s Kharafi family (13%), has been […]

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Zain Warned to Improve Service

The Chairman of Anbar provincial council has warned the Zain mobile phone company following complaints from the public about the deterioration in their services. Dr. Jassim al-Halbusi told AKnews that the council had issued Zain with an ultimatum to improve their telecommunications services within a month or face closure in the province. One mobile phone […]

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Zain Iraq to Start Ops in Kurdistan

The Iraqi unit of Kuwait telecoms firm Zain (ZAIN.KW) will start operating in Iraqi Kurdistan in January and expects to boost its subscriber base by up to two million in 2011, its chief executive said on Sunday, in an interview with Reuters. Emad Makiya, the new CEO of Zain Iraq, said Zain group, the Gulf […]

Zain Changes Management in Iraq

The Zain Group announced today that the management of its Iraq operation, Zain Iraq, will henceforth fall under the direct supervision of the Group's Chief Executive, Nabeel Bin Salamah. The former Zain Iraq CEO, Ali Al-Dahwi, has been appointed special advisor on Iraq for the Zain Group. The Zain Group explained that the move was […]

Zain Announces Financial Results for the First Nine Months of 2009

Zain, the leading mobile telecommunication operator in the Middle East and Africa with a commercial presence in 24 countries, is pleased to announce its consolidated financial results for the nine months ending September 30, 2009. The results showed significant growth in many key indicators when compared to the corresponding nine months period in 2008. For […]