Tag Archives | e-Commerce

Iraq introduces Tax Incentives for Point-of-Sale (POS) Terminals

By John Lee. The Iraqi Cabinet has approved the recommendations of the Ministerial Council, encouraging the use of electronic point-of-sale (POS) terminals. The use of electronic transactions has been shown to improve security, efficiency and convenience for retailers and customers. Specifically, the cabinet approved the following measures: The Central Bank of Iraq (CBI) simplifies the […]

Iraqi Start-Up Lezzoo Expands with Purchase of Saydo

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi startup Lezzoo expands with purchase of Saydo The delivery startup is one of several in the autonomous Kurdistan Region, and the autonomous government is hoping to spur more […]

Video: IBBC hosts Successful Tech Forum in Dubai

The Iraq Britain Business Council (IBBC) has hosted a very successful Tech Forum as part of its Autumn Conference in Dubai. The session was chaired by Ashley Goodall, and speakers included: Padraig O'Hannelly, Iraq Business News (IBN); Laura Khudairi, Iraq Venture Partners (IVP); Hossam Darra, SAP; Shamal Mohammed, Silal; Muhammed Canbaloglu, Stirling Education; Ben Muziek, […]

Baghdad-based Orderii Receives Pre-Seed Funding

Orderii, a cross-border e-commerce platform closed a 6-figure pre-seed round in October 2022. The platform provides logistics services for sought-after goods only available on foreign sites. Founder and CEO of Orderii, Shakir Ayad Al Jammas (pictured below), commented: "We have been serving the Iraqi customer for several years now, enabling them to purchase products from […]

CBI discusses Electronic Payments in Iraq

By John Lee. A high-level delegation from the Central Bank of Iraq (CBI), headed by the Deputy Governor, Dr. Ammar Hamad Khalaf, participated in the annual meetings held by the International Monetary Fund (IMF) and the World Bank in Washington, DC. During the meetings they parties discussed cooperation with Iraq, and to provide the necessary […]

Iraqi e-Commerce Venture raises New Investment

The Iraq-based e-commerce business Orisdi has raised a new six figure investment round that included the participation of existing and new investors. The round was facilitated by the Iraqi Angel Investors Network (IAIN) and served to reinforce the continuous growth of the business and the growing potential of e-commerce in Iraq. The round saw the […]

New Delivery App plans Expansion in Iraq

By John Lee. A Beirut-based delivery startup has said it will use new funding to support expansion in Iraq. Toters last month raised more than $15 million in series-B funding from the International Finance Corporation (IFC), March Holding, and BY Venture Partners, having previously raised over $5 million in two previous rounds. According to Naharnet, […]

New Report on the Iraqi Online Shopping Sector

Online Shopping: A Glimpse Into The Iraqi Customer Shopping Behavior The World Trade Organization (WTO) defines e-commerce as "the production, distribution, marketing, sales or delivery of goods and services by electronic means". Currently, 75% of the Iraqi population has access to the internet, and 61.4% of them are on social media platforms. The internet made […]