Iraqi ride-hailing App "raises $10.5m"
By John Lee. A ride-hailing app that was launched in Baghdad last month has reportedly closed the largest seed round in the tech history of Iraq. According to Wamda, Baly is backed by Germany's Rocket internet, and raised $10.5 million from Kingsway Capital, MSA Capital, Global Founders Capital, Vostok Ventures, Majid Al Futtaim and March […]
Netherlands contributes another EUR 5m to Iraq
The United Nations Development Programme (UNDP) in Iraq welcomes a EUR 5 million (US$ 5.63 million) contribution from Government of the Kingdom of the Netherlands to UNDP's Funding Facility for Stabilization (FFS), which finances fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). This new commitment brings the […]
Iran, Iraq exchange accusations over Water Flow
By Muhammad Jawad Adib for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran, Iraq exchange accusations over water flow Iraq is planning to complain to the International Court of Justice about the drop in water flow from Iran. Click here […]
UNDP Welcomes Romania as FFS's 30th Funding Partner
The United Nations Development Programme (UNDP) in Iraq welcomes a EUR 50,000 (US$ 56,609) contribution from the Government of Romania to UNDP's Funding Facility for Stabilization (FFS), which implements fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). Romania's first contribution makes it the 30th partner to fund […]
France Contributes $1.5m for Women's Protection in Iraq
France Contributes US$ 1.539 M for Women Protection Services through UNFPA Programmes in Iraq The United Nations Population Fund (UNFPA) in Iraq welcomes the French Government's new contribution of US$ 1,539,000 to strengthen the prevention of and response to gender-based violence in Anbar, Baghdad, Basra, and Nineveh governorates. The new commitment will focus on increasing […]
Iraq Finalises December Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for December of 101,579,927 barrels, giving an average for the month of 3.277 million barrels per day (bpd), almost equal to the 3.273 million bpd exported in November. The exports from the oilfields in central and southern Iraq amounted to 98,570,290 barrels, while […]
Belgium supports De-Mining Activities in Iraq
The United Nations Mine Action Service (UNMAS) in Iraq welcomes an additional contribution of EUR 1.5 million (approximately USD 1.69 million) from the Government of Belgium to support the Government of Iraq in protecting civilians impacted by explosive ordnance and enabling humanitarian action, socio-economic development, and peace-building. The legacy of successive conflicts - the recent […]
Baghdad Airport hit with Rockets
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. Baghdad airport hit with rockets, no one hurt No group has claimed credit for the latest attack. Click here to read the full article.
Video: The State of Investment in Iraq
Five One Invest presented a very informative webinar this week on the state of investments in Iraq. The session hosted Laura Khudairi from Iraq Tech Ventures and Rawaz Rauf from Euphrates Ventures, who discussed the startup landscape, investment opportunities, and investor activity in Iraq.
Iraqi Drilling Company visits SOCAR AQS
By John Lee. The General Director of Azerbaijan-based oil services company SOCAR AQS, Samir Mollayev, met with a delegation led by General Director of Iraqi Drilling Company (IDC), Basim Abdulkareem, on Tuesday. At the meeting held in Socar's Baku office, he informed the guests about the development of the oil and gas industry in Azerbaijan, […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th January 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD944 (+4.4%) / $828 (+4.4%) (weekly change) (+2.8% and +2.8% YTD change, respectively). The number of week traded […]
IS at Low Ebb in Iraq: The Insurgent Tide Recedes Again
By Michael Knights and Alex Almeida, for the Combating Terrorism Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Islamic State at Low Ebb in Iraq: The Insurgent Tide Recedes Again Following a sustained buildup in attacks throughout 2019 and into first half […]