By John Lee. German luxury goods maker Montblanc has reportedly opened its first store in Iraq. According to Mid East Info, the new boutique is located in Baghdad Mall. Montblanc is part of the Swiss Richemont group. (Source: Mid East Info)
Tag Archives | retail
New Shopping Mall Opens in Erbil
By John Lee. Prime Minister Masrour Barzani of the Kurdistan Region of Iraq opened the new Grand Majidi Mall in Erbil this week. The development, by Hewa Holding, promises to provide 1,700 jobs and opportunities for locals. (Source: @masrourbarzani)
$1bn Saudi Investment near Baghdad Airport
By John Lee. The Saudi ambassador to Baghdad, Abdulaziz Al-Shammari (pictured), has revealed the signing of a contract between Saudi Arabia and Iraq for a significant investment project near Baghdad International Airport (BIAP). In a statement to the state-run Iraqi News Agency (INA), Al-Shammari said the contract involves an investment of up to one billion […]
Building Sustainable and Equitable Food Markets in Iraq
By Jerome Radiguer, ITC-SAAVI Senior Advisor Retail Strategy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Building Sustainable and Equitable Food Markets in Iraq through Innovative Retail-Level Interventions Tackling Market Inefficiencies to Boost the Agricultural sector and Improve Food Access The issue Iraq's […]
New Hotel and Shopping Mall open in Erbil
By John Lee. The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, has officially opened the new Hyatt Regency Hotel, and the Gulan Mall, in Erbil. He thanked both Sirwan Barzani and Sabri Ozel for implementing these projects, which he said will pave the way for attracting tourists from the rest of Iraq and […]
Iraq's Orisdi raises $220,000 in New Investment
The Iraq-based e-commerce business Orisdi raised a $220,000 bridge round in January 2023 to reinforce the continuous growth of the business and the growing potential of e-commerce in Iraq. The round included new investors like 3B Starlight Investment, Ahmed Gorani, Naveed Pasha, Hassan Al Shawaf, Ali Jawad, Zaid Al Khatib, and others, and existing investors […]
Cinnabon opens its First Store in Iraq
By John Lee. US bakery and café chain Cinnabon has reportedly entered the Iraqi market. According to World Coffee Portal, the Focus Brands-owned operator has opened a store in Baghdad's Al Jadiriyah neighbourhood. Founded in Seattle in 1985, Cinnabon currently operates more than 1,600 franchise locations worldwide, primarily in high-traffic venues such as shopping malls, […]
Tabaqchali: Supermarkets and Stability
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Market Report: Supermarkets and Stability The market, as measured by the Rabee Securities RSISX USD Index, was down 4.2%, and down 2.9% for the year. The […]
UAE Retailer to target Iraqi Market
By John Lee. Abu Dhabi-based retail chain Lulu Group is reportedly raising funds to finance an expansion into Iraq. A director told Khaleej Times that the company plans an IPO next year, and will continue to add new outlets and new markets, including Iraq and North Africa. More here. (Source: Khaleej Times)
Midea Group announces Expansion into Iraq
Chinese electrical appliance manufacturer Midea Group has appointed Al Hafidh as its distributor in Iraq. According to a press release, Al Hafidh is one of the biggest Iraqi-owned conglomerates, while Al Hafidth Home Appliances is widely recognized for its uncompromising commitment to quality and excellence and for being a customer-centric business organization. Distribution is scheduled […]
Iraqi e-Commerce Venture raises New Investment
The Iraq-based e-commerce business Orisdi has raised a new six figure investment round that included the participation of existing and new investors. The round was facilitated by the Iraqi Angel Investors Network (IAIN) and served to reinforce the continuous growth of the business and the growing potential of e-commerce in Iraq. The round saw the […]
ZoodPay enters Strategic Partnership with Shopini
By John Lee. ZoodPay has announced that it has entered into a strategic partnership with Shopini, a leading Iraqi company in retail, e-commerce, shipping, supply chain, and food delivery. According to a statement, the company has one of the major online marketplaces in Iraq with over one million downloads, a network of offline stores in […]