Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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: […]
By John Lee. The Saudi Export-Import Bank (SaudiExIm) has reportedly signed an agreement with the National Bank of Iraq (NBI) to assist exporters of Saudi-sourced services and products supplying Iraq. According to AsumeTech, the deal is valued at $25 million. More here. (Source: AsumeTech)
By John Lee. The audio streaming service Spotify has been launched in Iraq. A statement from the company on Wednesday said that both free and premium services will be available, and that local artists will receive an opportunity to reach new audiences both at home and abroad. It added: "Iraq has exported many recognizable names, […]
The Food and Agriculture Organization of the United Nations (FAO) Restores Hope to Rural Women in the Traditional Dairy Processing in Nineveh Governorate As part of its efforts to develop and diversify livelihoods, the Food and Agriculture Organization of the United Nations (FAO) is working to empower rural women and restore hope to returnees through […]
By Mohammed Koperly (LLB, PstgD, MCIArb), for Al Nesoor Law. One of the most significant worldwide developments during Covid-19 was the increase in consumer engagement in financial markets, many for the first time especially in Iraq. The coronavirus outbreak has acted as a catalyst for a digital revolution facilitated by financial technology (fintech). As Iraq […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq expands border crossings with Saudi Arabia to boost trade In the context of strengthening economic relations, Iraq and Saudi Arabia are diversifying their trade outlets, intending to increase […]
ZoodPay, the "Buy Now Pay Later" (BNPL) app, has announced that it has successfully completed a $38-million Series B fundraising. London based VC Sturgeon Capital, Zain Group's venture capital arm 'Zain Ventures', and other existing investors joined the funding round. Headquartered in Switzerland, the ZoodPay & ZoodMall app has already more than 8 million users […]
By John Lee. Erbil and Baghdad have reportedly reached a deal valued at 10 billion Iraqi dinars ($6.8 million) to sell chicken from Iraqi Kurdistan's Akre district to central and southern Iraq. More here. (Source: Kurdistan 24)
