The latest Zain Business News Iraq – Mobile phone service, networks, Asiacell, Korek Telecom & more – brought to you by Iraq Business News
By John Lee. Revenues at Zain Iraq reached $275 million in the first quarter of 2018, a 9-percent increase year-on-year. EBITDA reached $96 million, up 12 percent, reflecting an EBITDA margin of 35 percent. The operation reported a net profit of $8 million, substantially up on the $283,000 profit recorded for Q1, 2017. The expansion […]
By John Lee. In preparation for the anticipated increase in data traffic and demand in Iraq, Zain Iraq has invested in the implementation of Ericsson’s award-winning virtual Evolved Packet Core (vEPC) solution nationwide. The deal is Ericsson’s first vEPC contract in Iraq, and one of the first in the Middle East and Africa (MEA) region. […]
By John Lee. Zain Iraq has reported a net profit of $29 million for 2017, up from a loss of $5 million the previous year. In a statement, the company said: "Despite the challenging yet improving socio-economic circumstances facing the operation, Zain Iraq performed exceptionally well when compared to the previous year. "Revenues grew consecutively […]
Over 300 participants, mostly youth, gathered in Baghdad on 12-14 October 2017 to participate in UNDP’s Innovation for Development workshop. Design Thinking and Lean Start-up methodologies were introduced as innovative tools to identify local development challenges and find solutions linked to the Sustainable Development Goals (SDGs) Iraq has adopted in early 2016. Design Thinking is […]
Iraq Britain Business Council holds successful Autumn Conference in Dubai Following on from the first Iraq Britain Business Council conference in Dubai in 2016, the IBBC was delighted to host its Autumn Conference in the UAE once again. The event was strongly supported by the UAE authorities. Alongside Baroness Nicholson, the UK Prime Minister’s Trade […]
Rebuilding Iraq is central to the agenda of the Iraq Britain Business Council (IBBC) autumn conference at The Address, Dubai Marina on 12th November. The opportunity for businesses in the region to engage in Iraq is reflected by the attendance of a number of high profile Iraqi Ministers: from Electricity, Transport, Oil, Construction and Housing, […]
Finland's Nokia will modernize and expand Zain Iraq's radio networks with its most advanced technologies across Karbala, Najaf and Basra, with a special focus on the holy cities of Karbala and Najaf, to support the expected increase in data and voice traffic during Zeyara as millions of people converge on the region. Zeyara is an […]
By John Lee. Mobile phone operators based in Iraqi Kurdistan have reportedly been told by the Iraqi government to move their headquarters to Baghdad, following the region’s recent vote for independence. Asiacell is based in the Kurdish city of Sulaymaniyah, while Korek is based in Erbil; Zain, however, is based in Baghdad. According to a […]
Zain Iraq has selected Sweden's Ericsson to upgrade its existing network using Ericsson’s virtual Evolved Packet Core (vEPC) offering to meet the growing data demands of its customers in the region. Under this collaboration, Ericsson will modernize the current infrastructure of Zain Iraq’s network by implementing a solution that will enable the operator to quickly […]
Oman Telecommunications (Omantel) has announced that it will purchase 425.7 million of Zain's treasury shares in a cash transaction at an offer price of KWD 0.60 per share – subject to regulatory approval. Once complete, Omantel will own a minority stake in Zain Group of approximately 9.84% in outstanding common shares. The total consideration of […]
Many vulnerable rural families in Iraq can now benefit from a safer, more secure means of receiving income thanks to mobile money transfer technology adopted for the first time by the UN's Food and Agriculture Organization (FAO) as part of a cash-for-work programme aimed at rehabilitating agricultural infrastructure and land. The programme, which is funded […]
Ericsson has been awarded an extension of its Managed Services contract with Zain Iraq until 2021, after successfully providing Managed Services for Networks, IT and value-added services to the operator since 2012. Under the terms of the new contract, Ericsson strengthens its role as a trusted business partner by supplying a Service Operation Center and […]
