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2016/08/14 | 11:40
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Ring TZNI 9.09% 3.00 0.25
Zain ZAIN 1.52% 335.00 5.00
Kuwait - directly: revealed Zain (ZAIN), listed on Stock Exchange of Kuwait, they held fruitful talks in Baghdad with Iraqi Finance Minister, Hoshyar Zebari, which addressed many of the issues of common concern, which was the most important settle your tax file operational unity of the Iraq, according to a company statement.
She explained, "Zen" in a press statement, received a "live" version, that the meeting witnessed the positive discussions about your tax file with the "Zain-Iraq", where he touched Alambahathat to the need to build between the two sides to cooperate to resolve this ongoing View for many years through the legal process, and in the form which serves the common interests.
According to the statement, Vice Chairman of the Board led the managing director of the group in the Iraqi ring company, Bader Nasser Al-Kharafi, and a senior delegation from Zain Group during these important talks with the Iraqi side.
According to the statement, Al-Kharafi said, "we have seen significant interest from Minister Zebari during these talks, and we felt for the first time seriously and clear in the resolution of this file from Iraqi officials."
And eighth-Kharafi efforts carried out by the Minister Hoshyar Zebari in overcoming obstacles to the smooth flow of traffic and the investment business, indicating, according to the statement, that "the trends that Msanha to him during these discussions will have a deep impact to foreign investment."
Taking between Kharafi that the Iraqi market from more areas where Zain Group faces obstacles on the operational and financial level at the present time, it has expressed confidence that these talks go out with positive results, also reported the statement.
According to the statement, Al-Kharafi revealed saying, "From the first moment in which Zain entered the Iraqi market, which has become an integral part of Iraqi society. Over the past 12 years, established the Zen sense of the extent of the great responsibility placed on it in the service of the Iraqi citizen."
And eighth-Kharafi great confidence granted by the Iraqi citizen the direction of Zain services, today, according to the statement, the "Zain-Iraq" account for the largest share in the Iraqi telecom community 38% customer base in excess of 11.2 million subscribers.
According to the statement, Al-Kharafi stressed, saying: "There is no doubt that the conviction of Zain Iraq's future promising them going at a steady pace in the promotion of investment plans and expansion and modernization of its network, which has seen the recent launch of third-generation services, and helped the success that has been achieved in the telecommunications sector during the period last, the record number of mobile phone subscribers in Iraq are very encouraging heights, reaching penetration rate of up to more than 79%. "
The statement said that "Zain-Iraq" is one of the first companies that contributed to the development of the telecommunications sector in Iraq. Over the past years, pumped company investments worth nearly $ 5 billion since it entered the Iraqi market in 2003, and currently stands at the scope of the company's network coverage of 98% Total of all regions.
The Iraqi market has seen since the period of exceptional security conditions difficult, with the worsening state of social instability, and in accordance with the financial statements revealed by Zain Group in its results for the first half of the period, the revenues of Zain Iraq amounted to $ 536 million, while Earnings before interest, tax and depreciation EBITDA of $ 194 million, while net profit amounted to $ 24.4 million.
The statement pointed out, it is expected that the data services attest to Zain Iraq network a major breakthrough in the coming period, especially after the high prevalence achieved with the launch of third-generation services, where data services to companies representing 11% of the data services revenues in the group, while formed data services for the company accounted for 8% of total revenues, a growth rate of 5% for the comparable 2015 period.
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Ring TZNI 9.09% 3.00 0.25
Zain ZAIN 1.52% 335.00 5.00
Kuwait - directly: revealed Zain (ZAIN), listed on Stock Exchange of Kuwait, they held fruitful talks in Baghdad with Iraqi Finance Minister, Hoshyar Zebari, which addressed many of the issues of common concern, which was the most important settle your tax file operational unity of the Iraq, according to a company statement.
She explained, "Zen" in a press statement, received a "live" version, that the meeting witnessed the positive discussions about your tax file with the "Zain-Iraq", where he touched Alambahathat to the need to build between the two sides to cooperate to resolve this ongoing View for many years through the legal process, and in the form which serves the common interests.
According to the statement, Vice Chairman of the Board led the managing director of the group in the Iraqi ring company, Bader Nasser Al-Kharafi, and a senior delegation from Zain Group during these important talks with the Iraqi side.
According to the statement, Al-Kharafi said, "we have seen significant interest from Minister Zebari during these talks, and we felt for the first time seriously and clear in the resolution of this file from Iraqi officials."
And eighth-Kharafi efforts carried out by the Minister Hoshyar Zebari in overcoming obstacles to the smooth flow of traffic and the investment business, indicating, according to the statement, that "the trends that Msanha to him during these discussions will have a deep impact to foreign investment."
Taking between Kharafi that the Iraqi market from more areas where Zain Group faces obstacles on the operational and financial level at the present time, it has expressed confidence that these talks go out with positive results, also reported the statement.
According to the statement, Al-Kharafi revealed saying, "From the first moment in which Zain entered the Iraqi market, which has become an integral part of Iraqi society. Over the past 12 years, established the Zen sense of the extent of the great responsibility placed on it in the service of the Iraqi citizen."
And eighth-Kharafi great confidence granted by the Iraqi citizen the direction of Zain services, today, according to the statement, the "Zain-Iraq" account for the largest share in the Iraqi telecom community 38% customer base in excess of 11.2 million subscribers.
According to the statement, Al-Kharafi stressed, saying: "There is no doubt that the conviction of Zain Iraq's future promising them going at a steady pace in the promotion of investment plans and expansion and modernization of its network, which has seen the recent launch of third-generation services, and helped the success that has been achieved in the telecommunications sector during the period last, the record number of mobile phone subscribers in Iraq are very encouraging heights, reaching penetration rate of up to more than 79%. "
The statement said that "Zain-Iraq" is one of the first companies that contributed to the development of the telecommunications sector in Iraq. Over the past years, pumped company investments worth nearly $ 5 billion since it entered the Iraqi market in 2003, and currently stands at the scope of the company's network coverage of 98% Total of all regions.
The Iraqi market has seen since the period of exceptional security conditions difficult, with the worsening state of social instability, and in accordance with the financial statements revealed by Zain Group in its results for the first half of the period, the revenues of Zain Iraq amounted to $ 536 million, while Earnings before interest, tax and depreciation EBITDA of $ 194 million, while net profit amounted to $ 24.4 million.
The statement pointed out, it is expected that the data services attest to Zain Iraq network a major breakthrough in the coming period, especially after the high prevalence achieved with the launch of third-generation services, where data services to companies representing 11% of the data services revenues in the group, while formed data services for the company accounted for 8% of total revenues, a growth rate of 5% for the comparable 2015 period.
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