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FINANCIAL NEWS
Zain Iraq to spend USD100m on Kurdish region expansion
28 Mar 2011
(MENAFN) Zain Iraq CEO, Emad Makiya, stated that the telecom company plans spending around USD100 million in 2011 on expansions that would cover the whole Kurdish region by August, reported Reuters.
Makiya also said that the Iraqi unit of Kuwait-based Zain covered three metropolitan governates; Arbil, Sulimaniya, and Dahuk He added that the firm would connect highways between the three cities and the rest of the country.
The CEO added that Zain acquired a USD1.25 billion license in 2007 which allowed it to operate in Iraq until 2022. He pointed out that Zain had 12 million customers in Iraq before the deal, and estimated another 18,000 customers from the Kurdish zone.
It is worth noting that Zain Iraq competes with 2 main telecom firms in the country; AsiaCell and Korek, the latter being based in the Kurdish region.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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