Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Orisdi, a leading e-commerce store in Iraq, has successfully raised a six-figure bridge round. Iraqi Innovators reports that the round was led by Innovest Middle East VC and a group of angel investors including Amar Shubar, Partner at Management Partners Consulting, and Omar Al-Handal, Managing director of Al Handal International Group. Orsidi was founded in […]
By John Lee. Pakistan-based Lucky Cement has announced that it started commercial operations at its new cement production facility in Samawah on Wednesday. In a statement to the Pakistan Stock Market, the company said the new plant [Najmat-Al-Samawah (NAS)] has a capacity of 1.2 million tonnes per annum, and is a joint venture with Al-Shamookh […]
USAID and Top Mountain Announce 15 Iraqi MSMEs to Receive In-Kind Grants The United States Agency for International Development (USAID) and Top Mountain have launched a Business Accelerator Project to assist micro, small, and medium-sized businesses (MSMEs) in Iraq recover, develop, and grow their businesses. Today, Top Mountain announced the names of 15 Iraqi MSMEs […]
On Monday, 8th March the Iraq Britain Business Council (IBBC) held a well attended Women's Group discussion to celebrate International Women's day. The discussion was chaired by Ms. Samar Thamer Al Mafraji, Managing Director, AMS Iraq with the speakers including Mrs Vanessa Douglas, Senior VP/Director HR & Admin, SKA International Group DMCC; Mrs. Hadeel Hassan, […]
The Iraqi Economists Network (IEN) has just published a new report from our Expert Blogger Dr Amer K. Hirmis, which we re-publish here with the author's permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. World Bank's assessment is flawed: Manufacturing is viable in […]
By John Lee. On the occasion of International Women's Day, the United Nations Development Programme (UNDP) has published a series of articles on the theme of women in Iraq: Women Lead the Way in Iraq Meet Lara Youssif Zara, the first female mayor of Northern Iraq's Alqosh Ahwari women, The beating heart of the Iraqi […]
Impact of COVID-19 on Environmental Sustainability in Iraq Impact of COVID-19 on Environmental Sustainability in Iraq is the fifth in a series released by UNDP on the impact of COVID-19 in Iraq. It emphasizes how the pandemic has exacerbated Iraq's environmental fragility, which was already affected by legacies of conflict, lack of significant public sector and governance reforms, loss of […]
By John Lee. Prime Minister Mustafa Al-Kadhimi has received a delegation from the Egyptian General Authority for Investment and Free Zones, headed by Counselor Mohamed Abdel-Wahab. The Prime Minister stressed the importance of cooperation and economic ties between Iraq and Egypt, and expedited the completion of the integrated industrial zone that was agreed to be […]
By John Lee. Armenia has opened a Consulate General in Erbil. Arshak Manukyan, the Consul General of Armenia in Erbil, delivered opening remarks at the event, welcoming guests and presenting the goals and upcoming programs of the diplomatic mission. The Consul General noted that due to active contacts with the counterparts from Iraqi Kurdistan during […]
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister praised the efforts of state institutions and agencies to ensure the implementation of curfew regulations, and thanked all citizens for adhering to preventative health measures. Following […]
By John Lee. AA for Global Trading and Commercial Agencies has been appointed exclusive agent and distributor in Iraq for the American E.T. Browne Drug Company. The Baghdad-based company says it has already started importing, marketing and distributing skin care, beauty and hair products of one of the company's top brands, Palmer's. (Source: AA)
Kuwaiti-based logistics provider Agility has said foreign investors "should think carefully about the perils of investing" in Iraq, following a ruling by an international arbitration panel to deny its claims that Iraqi officials expropriated $380 million invested by Agility in an Iraqi telecom company. The ruling, by a panel constituted by the International Centre for […]
