By John Lee. The Iraqi Ministry of Communications has announced internet penetration reaching 82.9 percent of the population by the end of 2024, up from just 44.3 percent in 2019, according to official data from the International Telecommunication Union (ITU). Key components of the Ministry's strategy include the rapid expansion of the FTTH (Fibre to […]
By John Lee. UAE-based venture capital fund EQIQ has announced a $3-million anchor investment in a new digital banking startup led by Iraqi-American finance veteran Hussain Qaragholi (pictured). The total $15-million funding round will support the launch and early growth of the next-generation, AI-driven platform. The new venture aims to transform Iraq's underdeveloped banking sector […]
By John Lee. Hussein Afshin, Assistant to the Iranian President for Scientific and Technical Affairs and the Knowledge Economy, has reportedly proposed establishing a joint Iran-Iraq artificial intelligence (AI) centre on one of Iran's islands. Speaking during a meeting in Tehran with Ali Razzouqi, Deputy Head of the Office of the Iraqi Prime Minister, Afshin […]
By John Lee. Asiacell and China Mobile International (CMI) have signed a Memorandum of Understanding (MoU) to jointly deliver comprehensive digital and telecom solutions in Iraq, with a strong focus on B2B and enterprise services. The agreement aims to support Iraq's broader digital transformation by leveraging CMI's global technical expertise and real-world use cases to […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani reaffirmed his government's continued support for the industrial sector, the modernisation of the banking system, and tighter oversight at border crossings to block the entry of substandard goods. Speaking on Thursday at a ceremony held by the Iraqi Federation of Industries (IFI) to mark National Industry Day, […]
By Samer Khraishi, Regional Director for Account Management and Business Development, GCC, Iraq and Jordan at BPC. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Modernising Iraq's Financial Infrastructure: The Rise of Digital Payments Iraq's financial infrastructure has long been in need of significant […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani met with a delegation from U.S. tech giant SpaceX (Space Exploration Technologies Corp) to discuss cooperation in Iraq's communications sector. The talks covered the services provided by the company's Starlink satellite constellation, including its global satellite-based internet coverage, and explored opportunities to facilitate its entry into […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani met on Monday with Ms. Anu Saarela, Ambassador of Finland to Iraq, and a delegation of executive directors from Nokia, the Finnish telecommunications and IT company. Discussions focused on expanding cooperation in information technology and advanced digital infrastructure. The Nokia team outlined its plans to support Iraq's […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with a delegation from US-based social media giant Meta to discuss collaboration in digital transformation, digital sovereignty, individual security, and content policies. The Prime Minister affirmed the government's commitment to advancing automation and digital transformation across public services, including government and banking applications. Both parties agreed […]
By John Lee. Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mohammed S. Al-Sudani, inaugurated the 13th Security, Defense, Military Industries, and Cybersecurity Exhibition in Baghdad on Saturday, an event featuring 155 companies from 24 countries, including 65 Iraqi firms. The exhibition offers a platform for showcasing advanced defence, surveillance, and cybersecurity technologies while […]
By John Lee. Iraq's Oil Products Distribution Company has launched a new mobile application called "Qanini" to simplify and accelerate access to liquefied petroleum gas (LPG) cylinders at the official price of IQD 6,000. The company's Director General, Hussein Talib, stated that the app represents a digital transformation aligned with the government programme and the […]
By Dr. Muhammad Abdul Saleh, College of Business Economics at the University of Nahrain, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. E-commerce: Platforms, E-stores, and the Iraqi Economy Between Reality and Potential E-commerce in Iraq […]
