By John Lee. Mabiati, an Iraqi e-commerce platform, has secured a six-figure investment to strengthen its operations, expand its digital infrastructure, and fund the next stage of growth. Founded by Muhammad Al-Sultan, who has more than a decade of experience in e-commerce and digital business development, Mabiati enables individuals across Iraq to launch and operate […]
By John Lee. MoneyHash has announced a partnership with Wayl to support international and regional businesses expanding into Iraq's payments and e-commerce market. Under the agreement, MoneyHash will extend its payment orchestration services into Iraq by integrating Wayl's local payment infrastructure, enabling merchants to navigate domestic payment requirements and operational frameworks. Through the partnership, merchants […]
By John Lee. A strategic partnership between gini, Qi Card of Iraq, and Global X of the UAE has announced the integration of gini's network with Tradex, marking what it describes as the launch of the region's first fully integrated cross-border B2B digital trade platform. The announcement in Dubai was attended by partners including Mastercard, […]
By John Lee. The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with Titon Mitra, the new Resident Representative of the United Nations Development Programme (UNDP) in Iraq. Talks focused on technical advisory cooperation regarding the regulatory framework for e-commerce, aiming to strengthen consumer protection and create a safe environment for […]
By John Lee. EQIQ, a UAE-based venture capital fund, has unveiled its $1.5 million pre-seed investment in Boxy, which it says is Iraq's first AI-powered logistics aggregator. Boxy aims to unify over 1,500 last-mile couriers into a single intelligent platform, addressing the fragmented logistics landscape in Iraq. EQIQ says Boxy has demonstrated early product-market fit, […]
By John Lee. The Iraqi Ministry of Higher Education and Scientific Research has announced the establishment of two new colleges at the University of Baghdad: the College of Excellence and the College of Artificial Intelligence, with operations set to begin in the 2025/2026 academic year. The initiative was ordered by Higher Education Minister Dr. Naeem […]
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 […]
KRG and Visa sign strategic partnership to promote financial inclusion The KRG's financial inclusion initiative 'MyAccount' has entered a strategic partnership with Visa, a world leader in digital payments, marking a key milestone in advancing digital payment solutions and promoting financial inclusion in the Kurdistan Region of Iraq. As part of this partnership, Visa will […]
By John Lee. Qi, a leading player in Iraq's fintech sector, has reportedly unveiled its third-generation app, SuperQi, in collaboration with China's Ant International. According to a report in Gulf Business, SuperQi offers a comprehensive suite of services that include scan-to-pay, money transfers, bill payments, loans, mobile recharge and other payment solutions, enabled by by […]
By John Lee. Iraq Venture Partners (IVP) has identified four main areas as untapped investment opportunities in the Iraqi market: Fintech: Limited access to formal banking creates demand for mobile payment solutions and digital financial products. There is room for growth in areas like peer-to-peer lending, microfinance, and digital banking solutions that enhance financial inclusion, […]
Does Iraq Have A Digital Economy? In a world constantly advancing technologically and emphasizing the importance of digital skills, Iraq has begun its journey toward digital transformation. The country is gradually building its infrastructure and enacting laws and regulations to reflect current technological changes. As Iraq embarks on this path, it is crucial to assess […]
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 […]
