Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraqi edtech startup Eduba has reportedly been acquired by a major Iraqi ISP. According to a report from Tajarib, the company was sold for "an undisclosed seven-figure amount"; details of the acquiring company were not disclosed. In 2021, the company was one of nine business start-ups chosen for the second cohort of […]
By John Lee. China's Soueast Motor has marked its official entry into the Middle East with a brand launch event at Erbil's Rotana Hotel. Soueast, a brand name of South East (Fujian) Motor Co., Ltd., offers two new SUV models which it says are "tailored for Iraqi consumers." Partnering with regional distributor Harlem Group, Soueast […]
From the Iraq Britain Business Council (IBBC). IBBC Women's group gears up at Dubai Conference to discuss 'How education empowers women and the Iraqi economy' The IBBC women's group is convening at the Dubai conference on 12/13th December, to focus on how educating women benefits the Iraqi economy. Representatives of Ministry of Higer Education, SABIS […]
By John Lee. A delegation from Iraq's Parliamentary Committees on Agriculture, Water, Marshlands, Economy, and Trade, led by MP Faleh Al-Khazali, visited the Polish Chamber of Commerce in Warsaw to discuss strengthening bilateral economic, agricultural, and industrial ties. The delegation met with Mr Shumovsky, Head of International Cooperation at the Chamber, and senior Polish trade […]
The Iraq Britain Business Council (IBBC) has published its Advisory Council report on the Ease of Doing Business in Iraq. The report outlines the challenges businesses face and provides actionable recommendations for the Iraqi government to foster a more business-friendly environment. The full report is now available on the IBBC website here. According to data […]
From the United Nations Development Programme (UNDP): The Turning Point: Iraq's Leap into the Digital Economy In a world increasingly defined by digital finance, Iraq has taken a transformative step with the Digital Payment Regulation No.2 of 2024. This landmark policy marks more than just regulatory progress; it signifies a realignment of Iraq's financial infrastructure with […]
By John Lee. The Iraqi Ministry of Communications has signed an agreement with UK's Vodafone to establish a new 5G telecommunications network fully owned by Iraq. The agreement outlines Vodafone's role in preparing the network for launch, providing expertise in network design, commercial strategies, and business growth planning. A memorandum of understanding was also signed […]
By John Lee. Iraq's Cabinet has approved the South Gas Company (SGC) to oversee the establishment of a fixed platform for importing liquefied gas. The company has been granted the following responsibilities: Coordination with Iraqi Ports Authority: Identify platform and gas storage locations, define specifications, and negotiate preparatory works including excavation, landfilling, and berth construction. […]
By John Lee. UK-based Fulkrum, which describes itself as "a leading inspection, expediting, auditing and technical staffing service provider," has reportedly won a multi-million-dollar contract to provide surveillance services for a major gas hub development project in Iraq. According to a report from Oilfield Technology, the company has also registered a new entity in Basra […]
By John Lee. The Belarusian Ambassador to Turkey and Iraq, Viktar Rybak, met with Iraqi officials on Sunday to enhance cooperation in key sectors. Discussions with Interior Minister A. Al-Shammari focused on collaboration between specialized agencies, legal frameworks, and experience sharing. In talks with Higher Education Minister Naeem Al-Aboudi, the two sides explored opportunities for […]
From Tajarib. Re-published with permission by Iraq Business News. QiCard Acquires Miswag The fintech conglomerate continues its series of investments with the acquisition of Iraq's largest e-commerce platform for an undisclosed seven-figure sum Tajarib has announced the International Smart Card Company's (better known as Qi or QiCard) seven-figure acquisition of Iraqi e-commerce giant Miswag. The […]
By Herman Wang and Lauren Holtmeier, for S&P Global. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Trump may target Iraq's oil sector with sanctions to counter Iranian influence: sources US President-elect Donald Trump's planned maximum pressure sanctions campaign on Iran may extend to […]
