Al-Mathar Group Acquires 4 Corners Creative Agency
By John Lee.
Baghdad-based advertising firm 4 Corners Creative Agency has announced that it has been acquired in full by Al-Mathar Group, marking what it describes as, " a strategic step aimed at supporting the agency's growth and strengthening its position in both the local and regional markets. "
4 Corners was founded in 2016 by Ameer Alaa. Under the agreement, the agency's current leadership will assume advisory roles, while a new executive team will focus on innovation, regional expansion, and strategic partnerships.
Al-Mathar Group, established as an engineering business in 2004, said the acquisition reflects its strong belief in the potential of Iraq's creative sector and its commitment to investing in local brands with regional impact. The group expressed its vision to transform 4 Corners into a regional hub for excellence in advertising and marketing.
(Source: 4 Corners) Tags: 4 Corners Creative Agency, advertising, Al-Mathar Group, cg, featured
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Shafaq News
37 minutes ago
- Shafaq News
US sanctions top Iraqi faction leaders
Shafaq News/ On Thursday, the US Treasury Department imposed new sanctions on Nasser al-Shammari, Deputy Secretary-General of Harakat Hezbollah al-Nujaba (HHN), as well as two other Iran-backed Iraqi paramilitary groups—Kataib al-Imam Ali and Kataib Ruh Allah Isa Ibn Maryam—as part of an ongoing campaign to curb destabilizing activities linked to Tehran's regional network. The sanctions, issued by the Treasury's Office of Foreign Assets Control (OFAC), will freeze any assets the designated individuals and entities hold under US jurisdiction and generally prohibit Americans from engaging in financial transactions with them. According to the Treasury, the sanctions aim to disrupt the financial and operational capabilities of these factions, which have been involved in attacks on US forces and continue to operate outside the control of the Iraqi state. Al-Shammari, a senior figure in HHN—a US-designated terrorist group and prominent member of the so-called "Axis of Resistance"—joins a list of sanctioned individuals already including the group's leader, Akram al-Kaabi. HHN has been accused of direct involvement in targeting US personnel in Iraq and Syria. The move also extends to Kataib al-Imam Ali, an armed group closely tied to Lebanese Hezbollah, and its offshoot, Kataib Ruh Allah Isa Ibn Maryam. Both groups have played roles in Syria and Iraq, with the latter notable for recruiting Christian fighters, particularly from the Syriac and Assyrian communities, according to the Washington Institute. US Congressman Joe Wilson welcomed the sanctions, but called for further steps—urging the Trump administration to add the Badr Organization to the sanctions list. Wilson described Badr as sharing 'the same DNA' with other sanctioned groups and warned of its entrenched influence in Iraq's political and security landscape. The Badr Organization is one of the most established Iran-backed factions in Iraq. Although it operates under the umbrella of the Popular Mobilization Forces (PMF), Badr also holds significant political power in the Iraqi parliament and government. Despite its longstanding ties to Iran's Islamic Revolutionary Guard Corps (IRGC), it has so far avoided direct US sanctions.
Shafaq News
4 hours ago
- Shafaq News
Iraq ranks second among Arab seaborne oil exporters in May
Shafaq News/ Iraq ranked second among the largest Arab oil exporters by sea in May 2025, according to data from the Washington-based Energy Research Unit. The figures showed that seaborne crude oil exports from the top five Arab exporters rose in three countries on a monthly basis, while Iraq and Libya recorded declines. Saudi Arabia led the list in May, increasing its seaborne exports by approximately 266,000 barrels per day (bpd) from the previous month. Iraq followed in second place with an average of 3.27 million bpd, down by 32,000 bpd compared to April's 3.3 million bpd. Government reports indicated that Iraq aimed to keep exports below 3.2 million bpd in May and June to align with its OPEC+ production quota. On a year-on-year basis, Iraqi exports fell by 294,000 bpd compared with May 2024, when they reached 3.56 million bpd. The United Arab Emirates ranked third with exports rising to 3.02 million bpd, followed by Kuwait with 1.37 million bpd. Libya came fifth, with exports declining to 1.19 million bpd last month. Meanwhile, economist Nabil Al-Marsoumi warned of potential disruptions to maritime trade routes in the event of a regional conflict between the United States and Iran, which could negatively impact oil supplies. He urged the resumption of exports via the pipeline from the Kurdistan Region to Turkiye's Ceyhan port. In a social media post, Al-Marsoumi wrote, "If the US and Iran agree, the world will live in peace. If they disagree, the gates of hell will open.' He noted that in case of escalation, 'maritime trade routes will close, oil export platforms will be destroyed, transport and insurance costs will surge, and oil supplies will be negatively affected, pushing prices higher.' Al-Marsoumi added that Gulf oil-exporting countries would be severely impacted as export routes narrow or shut down, especially those lacking alternative outlets. 'The reviving the Ceyhan pipeline as more essential now than ever,' he concluded.
Shafaq News
13 hours ago
- Shafaq News
Iraq liquidates two of four joint investment firms with Syria
Shafaq News/ Two out of four joint investment companies with Syria have been liquidated, the Iraqi Fund for External Development announced on Thursday. According to an official report, Iraq holds investments in four Syria-based companies, operating in both euros and US dollars. The first to be liquidated was the Arab Company for Livestock Development (ACOLID), with capital exceeding $210 million and a 16.8% Iraqi stake valued at $35.684 million. The second is the Iraqi-Syrian Land Transport Company, which holds €10 million in capital, half of which is owned by Iraq at a value of €5 million. The report also noted that two other companies are undergoing liquidation: the Iraqi-Syrian Maritime Navigation Company, with a capital of €25 million—of which Iraq holds a 50% share worth €12.5 million—and the Iraqi-Syrian Telecommunications Company, which has a capital of €20 million, with Iraq's stake amounting to €10 million.
