Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
By Robert Tollast for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A power grid for the Middle East: what is the GCCIA and can it benefit Iraq? Since 2012, all GCC members have been connected by cross-border power lines - […]
By John Lee. Zain Iraq's Q2 2022 revenue grew 4 percent to USD 390 million, and EBITDA grew by 16 percent to USD 168 million, according to the company's results statement for the period. The company also reported an EBITDA margin of 43 percent, with net profit reaching USD 5 million. The operator's customer base […]
By John Lee. Writing in Foreign Policy, Iraqi Prime Minister Mustafa al-Kadhimi says that after leaning heavily on the United States, Iraq is finding its own footing. Original article (subscription required): On Biden's Middle East Visit, He Will See a New Iraq at the Table Summary of the main points of the article, according to […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi prime minister sets objectives for regional summit Amid longstanding political deadlock and economic and environmental challenges, Iraqi prime minister Mustafa Kadhimi is attending the GCC +3 Summit in Saudi Arabia. […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq diversifies, expands sources of energy and electricity Iraq is looking to Arab partners to help expand energy production and imports to meet summer demand. Click here to read the full […]
By Mina Al-Oraibi, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Five Years After Liberation, There Is New Hope Among Mosul's Ruins On the anniversary of its liberation from the Islamic State, Iraq's second city heals its scars. Click here […]
Secretary-General appoints Mr. Claudio Cordone of Italy as Deputy Special Representative for Iraq United Nations Secretary-General António Guterres has announced the appointment of Claudio Cordone of Italy as his new Deputy Special Representative for Political Affairs and Electoral Assistance of the United Nations Assistance Mission for Iraq (UNAMI). Mr. Cordone succeeds Ingibjörg Sólrún Gísladóttir of […]
By John Lee. The Central Bank of Iraq (CBI) has said that there is no justification for changing the exchange rate of the Iraqi dinar relative to the US dollar. CBI Deputy Governor, Ammar Khalaf, confirmed to the official Iraqi News Agency (INA) that, "in our belief as a monetary authority, there is no justification […]
By John Lee. A Beirut-based delivery startup has said it will use new funding to support expansion in Iraq. Toters last month raised more than $15 million in series-B funding from the International Finance Corporation (IFC), March Holding, and BY Venture Partners, having previously raised over $5 million in two previous rounds. According to Naharnet, […]
Earlier this week, Iraq's Ministry of Planning, the Central Statistical Organization (CSO), together with the International Labour Organization (ILO) launched a national Labour Force Survey, the first of its kind to be conducted in Iraq in the last decade. They have now provided a link to the report, which can be downloaded here. Some key […]
Dust Storms and Climate Change: A Crisis for the Iraqi Economy and the Need for Multilateral Solutions This paper highlights the relationship between drought and SDSs, the impact of these storms on Iraq's rentier economy, and the dangers such conditions represent to the region. The paper calls for multilateral cooperation among Iraq and its neighbors […]
