Tag Archives | MSMEs

Top Mountain, USAID launch Business Incubator

Top Mountain in partnership with USAID is launching a business incubator and employment program. The goal of the program is to promote economic growth and increase employment opportunities to support minorities from Ninewa targeted by ISIS. Program activities will focus on achieving three core objectives designed to support this goal. Firstly, outreach campaigns will be […]

Small Projects bring life back to Mosul

From the International Committee of the Red Cross (ICRC): Small projects bring life back to the streets in Mosul Various small and medium businesses in the Old City of Mosul are supported by the International Committee of the Red Cross as life gradually returns to the streets and people resume their lives. Some business owners […]

Startups in Iraq “to Multiply Rapidly”

Top Mountain LLC hosted the first annual Business Canvas Erbil conference which was attended by 120 participants and took place in the Dedeman hotel. The conference was funded by the European Union and German Federal Ministry for Economic Cooperation and Development through GIZ. The event was also sponsored by GroFin Iraq, a financing organization that […]

SMEs can Transform Emerging Markets such as Iraq

The Iraq Britain Business Council (IBBC) has hosted a dinner in honour of Mr Xavier Rolet, CEO of the London Stock Exchange Group. After dinner, Mr Rolet spoke about the transforming power of Small and Medium-sized Enterprises (SMEs), particularly in emerging markets such as Iraq. He said that SMEs can spearhead profound societal change in […]

How can a Tech Sector Contribute to Iraq’s Economy?

By Hal Miran, Editor-in-Chief, Bite.Tech. Tech has grown in prominence as a key sector in global economic health. It is now commonly accepted that an economy in which entrepreneurs have the freedom and resources to create and innovate tend to perform much more robustly. Intriguingly, one study on the effect of tech on a country’s […]

The Growth of the Iraqi Tech Ecosystem

By Hal Miran, Editor-in-Chief, Bite.Tech. It might be surprising to know that the region of the Middle East has become a blossoming entrepreneurial, tech startup hub. From Jordan to Lebanon and Iran to Egypt, the region has made significant progress with innovation driving tech startup growth. Israel has more startups per capita than anywhere else […]

New LinkedIn Group to Promote SMEs in Iraq

By Padraig O’Hannelly. A new LinkedIn group has been created to help promote new businesses in Iraq. The Iraqi Crowdsourcing Group is dedicated to Iraqi entrepreneurship, projects, business ideas, solutions to problems Iraqi startups face, and innovation to ensure that successful and efficient new businesses are created. It has been set up by Aziz Al […]

US Promotes Growth Through Tijara Program

U.S. Ambassador to Iraq Stephen Beecroft (pictured) and USAID Deputy Mission Director David Harden celebrated on February 25 the completion of the U.S. Agency for International Development’s (USAID) five-year, $192 million Provincial Economic Growth Program-Tijara. Through partnership and joint cooperation with the Iraqi Ministry of Trade, project beneficiaries, and representatives from microfinance institutions, the Tijara […]

Private Bank SME Lending Tops $224m

More than $224 million has been injected into Iraq’s private sector economy in the form of Small & Medium Enterprise bank loans thanks to a cooperative effort between the USAID-Tijara Provincial Economic Growth Program and 12 private commercial banks. Of this amount, around $113 million presently is in circulation helping business owners expand their companies […]

Iraqi Co. for Financing SMEs Tops $26m in Loans

This week the United States Government, through the U.S. Agency for International Development (USAID), will reach a significant milestone in its efforts to support Iraqi businesses. Loans extended by Iraqi Company for Financing Small and Medium Enterprises (ICF-SME) to develop or expand small businesses will reach a total of $26 million or ID 30.18 billion. […]