By John Lee. Miswag, the Iraq-based B2C online marketplace, is reported to have successfully raised $1.6 million in a "Pre-Series A" funding round. According to The Start-up Scene, this brings its total investment raised to nearly $3 million since 2019. It adds that Miswag will use the funding to expand its commercial and technological teams […]
By John Lee. UK-based international law firm Clifford Chance has announced that it has advised International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) on the US$125 million financing of the development, construction, equipping and operation of both new and existing facilities at the Umm Qasr Port in Iraq. In a press release, the […]
IBBC Iraq Business Forum and the awarding of the Rasmi Al Jabri prize to Al Burhan Group The Iraq Britain Business Council (IBBC) hosted over 200 Iraqi SME's in Westminster Central Methodist Hall in London on Monday 27th September at the Business Forum event. The sessions were jointly chaired by Richard Cotton and Muhanad Alkhattab […]
By John Lee. President Barham Salih discussed Iraq's role in regional conflicts and its relationship with the United States, in an hour-long interview with Frances Fragos Townsend, for the Council on Foreign Relations (CFR). Click here to see the full interview. (Source: Council on Foreign Relations)
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran exports to Iraq totaled $3.8 billion in past 6 months Iran's foreign trade reportedly increased by 47 percent in the past six months compared to the same period last year, to a total […]
By John Lee. Iraq's Oil Minister Ihsan Abdul-Jabbar Ismail has visited Azerbaijan to discuss cooperation between the two countries in the field of oil and gas. Azerbaijan's Minister of Energy, Parviz Shahbazov, said it would be possible to supply Iraqi crude oil and oil products to the world market via SOCAR, the state-owned oil and […]
IBBC holds Cumberland Lodge annual retreat programme: 'Iraq in perspective' For the first time in two years the Iraq Britain Business Council (IBBC) held its annual retreat programme at Cumberland Lodge in Windsor Great Park. The event was generously sponsored by IBBC Member Al Burhan Group. The morning sessions were fully attended by a range […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for August of 94,660,239 barrels, giving an average for the month of 3.054 million barrels per day (bpd), up from the 2.918 million bpd exported in July. The exports from the oilfields in central and southern Iraq amounted to approximately 91,655,930 barrels, while […]
Iraq and the World Bank Group Join Forces to Boost Iraqi Women's Economic Empowerment A new plan to remove constraints and create more economic opportunities for women has been launched by the government of Iraq, with support from the World Bank Group. The Women's Economic Empowerment Plan for 2021-2022 outlines the government's priorities in line […]
By John Lee. Two construction projects in Baghdad, with a combined value of more than $40 million, have been granted to Jordanian companies. The news was revealed during a visit to Iraq by the Jordanian Minister of Public Works and Housing, Yahya Al-Kasabi, during which he met with the Mayor of Baghdad. The Mayor also […]
By John Lee. KESK, which describes itself as a "green solutions company", has announced that it has secured six-figure seed funding from Euphrates Venture Capital Fund. Founder and CEO, Basima Abdulrahman (pictured), said: "My vision is to make smart green solutions trustable, accessible, and affordable. We simply want to make the green way, the easy […]
By John Lee. Two companies have won contracts with the United Nations Office for Project Services (UNOPS) in Iraq: Wood Group UK Ltd: Web-based mapping applications development; Contract value $61,000 FieldWireLabs, Inc.: Construction Management Software Application; Contract value $14,700 (Source: UNGM)
