Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, on Saturday met Baroness Emma Nicholson, President of the Iraq Britain Business Council (IBBC). Prime Minister Barzani highlighted the reforms of the ninth cabinet, its bid to diversify the economy and crucially to make the Kurdistan Region a focal point for business. Baroness Nicholson […]
Germany, IOM Reaffirm Partnership to Support Economic Recovery in Iraq Small and medium enterprises (SMEs), which employ roughly half of Iraq's workers, were severely impacted by the conflict with the Islamic State in Iraq and the Levant (ISIL). When the COVID-19 pandemic struck, the resulting economic slowdown undermined the gradual progress SMEs had made toward […]
From the World Bank: Iraq: Rising Fiscal Risks, Water Scarcity, and Climate Change Threaten Gradual Recovery from Pandemic Iraq's economic outlook has improved on the back of the recovery of global oil markets, with its GDP projected to grow from 2.6% in 2021 to over 6% in 2022-23. Nevertheless, without accelerated economic reform, unforeseen domestic […]
Facilitating Iraq's WTO Accession process in collaboration with Iraq's National Committee on WTO Accession. Iraq's National Committee on WTO Accession participated in a technical session organised in Baghdad on 23rd November. The session provided a comprehensive overview of the accession process and highlighted the crucial role of the National Committee on WTO Accession in this […]
From Five One Labs. Re-published with permission by Iraq Business News. A Panel Discussion with Ammar Ameen and Marwan Jabbar from Miswag On October 27th, 2021, Five One Invest hosted a Speaker Series session with Ammar Ameen (Founder and CEO) and Marwan Jabbar (VP of Commercial Development and People) from Miswag. Read on to learn […]
A high-level meeting between the United Nations and international donors took place in Baghdad to discuss the United Nations' updated development strategy for Iraq. The meeting focused on the 2020-2024 United Nations Sustainable Development Cooperation Framework (UNSDCF), which was signed by the Government of Iraq in September. The UN was represented by the Deputy Special […]
By John Lee. A team from the University of Mosul has reportedly helped to create a restaurant in Mosul that uses robot waiters. According to AFP, everything at the White Fox restaurant is digital, including the 15 touch-screen tables with built-in menus. More here. (Source: AFP)
The Iraq Britain Business Council (IBBC) has hosted a very successful Tech Forum as part of its Autumn Conference in Dubai on Monday. Sponsored by SAP, the session focused on the applications and benefits of data to the Iraqi economy. Speakers included: Padraig O'Hannelly, Iraq Business News (IBN); Sean O'Brien, SAP; Christopher Ferguson, Scott Logic; […]
Twenty innovative business ideas driven by young people from Kirkuk and Mosul have received a grant of US$ 5,000 each. This will help kick-start their business ideas and boost the local start-up system. The startups include unique solutions to smart home systems, women's health and wellbeing, taxi services for women and environmentally friendly architecture. It is a part of the 'Youth Innovation and Creativity Award' project implemented by the Kurdistan Organization for Human Rights Watch (KOHRW) and the United […]
By John Lee. Norwegian biometric authentication firm Zwipe is partnering with Areeba to pilot biometric payment cards based on Zwipe Pay ONE in Lebanon and Iraq. According to a press release from Zwipe, these pilots reflect a strong and growing demand from issuers and processors across the region for next-generation contactless payment cards. In these […]
By Kumar Pratik, for CS Global Partners. Last year, the world came to a standstill following the outbreak of the COVID-19 virus, disrupting life as we knew it. One of the greatest challenges to the impending global health crisis was the introduction of stringent travel restrictions which saw many, near and far, trapped in a […]
From the World Bank: Economic growth is gradually recovering following last year's pandemic-related contraction, partly due to higher non-oil activity. Improved global oil market conditions are expected to reinforce growth in the medium term and turn the fiscal and external balances to surpluses from 2021, and to reverse the recent surge in debt. Latest Developments: […]
