Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. A meeting has been held in Baghdad to prepare for the World Bank-funded project to modernize Iraq's public financial management systems. The meeting was attended by the Director General of the Administrative and Financial Department, Mr. Hassan Al-Magouter, and a team from Irish-based consultancy AARC, which signed a contract in December to […]
By John Lee. The United Nations Office for Project Services (UNOPS) for has awarded a series of contracts for the provision and delivery of ICT equipment and licenses in Iraq: Lot 1 - Laptops: Sidra Almuntaha'a. Contract value $43,100; Lot 2 - Desktops: Canon for Trading Computers and Electronic Supplies Ltd. Contract value $887,200; Lot […]
SPARK and Startups Without Borders are hosting the Startups On The Move networking events, a series of ecosystem events happening in June, to connect entrepreneurs from diverse backgrounds with key ecosystem players in the Middle East. The events are part of the Startups on the Move incubation programme, launched with support from Google.org, which involves […]
Italy reaffirms its commitment to Iraq's stabilization with EUR 2 million contribution The Ministry of Foreign Affairs and International Cooperation of Italy, through the Italian Agency for Development Cooperation (AICS), is supporting the United Nations Development Programme (UNDP) with an additional EUR 2 million (approximately US$ 2.26 million) to assist communities affected by the Islamic […]
By John Lee. Iraqi Finance Minister, Dr. Ali Allawi, has presented his vision for the Iraqi economy. In the 27-page document, he says that the changing world order following the war in Ukraine is expected to lead to a period of sustained high oil prices, providing Iraq with an opportunity to address its structural imbalances, […]
By John Lee. Iraq's Minister of Oil, Ihsan Abdul-Jabbar Ismail, has met with the Saudi Minister of Energy, HRH Abdulaziz bin Salman, to discuss connecting their respective electricity grids. They also discussed enhanced energy cooperation between the two countries, and the work of the Saudi-Iraqi Coordination Council. Iraq and Saudi Arabia signed a memorandum of […]
By John Lee. Ambassador Alina L. Romanowski has presented her credentials to serve as U.S. Ambassador to Iraq to President Barham Salih and Foreign Minister Fuad Hussein. She later met with Prime Minister Mustafa al-Kadhimi to discuss the U.S.-Iraq strategic partnership. Ambassador Romanowski thanked President Barham Salih, Prime Minister Mustafa al-Kadhimi, and Minister Fuad Hussein […]
European and German support for economic growth and jobs in Iraq Governmental bodies of Federal Iraq and the Kurdish Region, including the Prime Minister and Deputy Prime Minister Offices and Ministries of Planning, discussed progress made in implementing economic reforms and creating sustainable job opportunities for Iraqis. They met as members of the steering committee […]
From 51 Labs: Five One Labs and AUK Collaborate to Provide Entrepreneurs a Community in Duhok In a panel discussion at The American University of Kurdistan in Duhok, Five One Labs and AUK announced a partnership with AUK hosting our organization for a long-term program for students and entrepreneurs in Duhok. This partnership will support […]
Transportation Sector in Iraq: Aviation & Maritime Scene Overview The transportation sector plays a major role in the development of the country. As a key factor in promoting the advancement of dependent operations, a strong transportation infrastructure will ensure the proper functioning of closely related sectors and present a reliable playground for emerging businesses and […]
Iraqi Entrepreneurs' Journey This research is an updated, quantitative assessment of the Iraqi Entrepreneurs Journey: An In-Depth Analysis that was published by KAPITA in July, 2020, which was the backbone to understand the problems, solutions, opportunities, and challenges that entrepreneurs face in the Iraqi business ecosystem. Two years later, we are providing an updated, yet […]
Women have been paving their way into the Iraqi ecosystem, navigating its challenges while at the same time dealing with the accompanying biases, gender stereotypes, the glass ceiling, and cultural and societal barriers. To celebrate those women and honor their contributions to the Iraqi scene, KAPITA has organized a business meetup event titled "International Women's […]
