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 […]
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 John Lee. On-demand food and Q-commerce app talabat has announced a new partnership with the Asian Football Confederation (AFC), becoming an Official Regional Partner of the AFC club competitions. Under the partnership, talabat will deliver prizes and other benefits for football fans in Iraq, the UAE, Qatar and Jordan. A spokesperson for talabat told […]
By John Lee. Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), chaired a meeting on the regulation of e-commerce in Iraq, with participation from relevant authorities. The meeting discussed controls and consumer protection measures, focusing on registration procedures and obtaining licenses for e-commerce activities. The committee defined service providers and established a […]
By John Lee. Food and last-mile delivery service Alsaree3 has announced that it has successfully closed its 'Series A' capital raising round, securing an undisclosed seven-figure investment. A press release describes this funding round as particularly noteworthy due to the participation of Snoonu, which it says is Qatar's leading food delivery and e-commerce platform. It […]
By John Lee. Chinese smartphone company Xiaomi has announced that the talabat app will now come preloaded on Xiaomi phones in United Arab Emirates, Qatar, Egypt and Iraq. Talabat, a food and grocery delivery app, was founded in Kuwait in 2004, and entered the Iraqi market in 2021. It was acquired in 2015 by German-based […]
By John Lee. The Central Bank of Iraq (CBI) has decided to establish the "National Company for Electronic Payment Systems in Iraq," marking a qualitative development in the country's financial infrastructure. The new company will be responsible for efficiently developing, operating, and managing national electronic payment and settlement systems, introducing new elements to enhance the […]
By John Lee. The Iraqi, vertically integrated, e-commerce store Orisdi has successfully concluded a six-figure bridge round of investment. The company said in a press release that the funding was arranged in August, and included both new investors and existing shareholders, such as Al Sharqiya TV Group, Amar Shubar, Ahmed Sultani, Naveed Pasha, Hassan Al […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has led a meeting to discuss and monitor progress on the implementation of the Unified Treasury Account. The meeting also focused on the continued rollout of electronic payment points (POS) and explored potential incentives for citizens to encourage electronic payments. During the meeting, comprehensive updates were presented […]
By John Lee. Five Iraqi start-ups are reported to be among the 24 new businesses selected to take part in Flat6Labs' StartMashreq Growth Track programme. The programme, which started in June and will run until December 2024, is part of StartMashreq's broader vision to inspire and support displaced entrepreneurs and empower female-led startups in the […]
By John Lee. The Iraq Britain Business Council (IBBC) hosted a very successful Tech Forum on the topic of "Digital Infrastructure & Transformation", as part of its Spring Conference in London on Friday. The session was chaired by Ashley Goodall, and speakers included: Mr Saquib Ahmed, SAP; Mr Padraig O'Hannelly, Iraq Business News; Mr Mohsen […]
You are invited to join the IBBC Tech Forum Live. Free to attend! 16th June, starting from 2:30pm BST 'The Digital Transformation of Iraq'
