Zain-Iraq

Iraqi court lifts freeze on Zain Iraq revenues

: Thursday, July 17 - 2014 @ 00:03

Kuwait’s telecoms operator, Zain has said an Iraqi court has lifted a freeze on revenues of Zain Iraq, after a $4.5bn lawsuit against the Iraqi firm was dismissed earlier this month, Reuters has reported. The court had issued a decision on July 13 to lift “judicial guardianship of the aforementioned revenues,” Zain said. An Iraqi court in January ordered Zain Iraq’s revenue from subscribers obtained through buying Iraqna to be placed under a legal guardian and in an Iraqi bank until the case was resolved.

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Thursday, July 17- 2014 @ 0:03 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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