From Five One Invest. Re-published with permission by Iraq Business News. ECOSYSTEM OVERVIEW The Iraqi startup ecosystem started with a bang this year. In Q1 of 2022, we witnessed an unprecedented $10.5M investment round (Baly) and $5M (TipTop). The excitement revolved not only around investment value but also around the investor profile. Specifically, Baly's round […]
By John Lee. Chinese automobile brand Exeed has confirmed that it is entering the Iraqi market. After launching in several gulf states, the car-maker has said it is now ready to establish new dealerships in Iraq. The brand, which specialises in premium SUVs, was introduced by China's Chery Automobile in 2017. (Source: Exeed)
By John Lee. The Kalar-Darbandikhan road project has completed its first phase, according to a press release from the KRG. Garmian Roads Director Adnan Khalil said: "The first phase of the project, 24 kilometers long and 17 meters wide, has been completed at a cost of 46 billion dinars. "The second phase of the project […]
By John Lee. Bab Al Karama for General Contracting Ltd. has won a new contract with the United Nations for the construction of a pedestrian bridge over the Maghrib wadi, installation of a BRC fence along the wadi, a cleaning campaign and supply of garbage containers in Maghreb area, Nineveh Governorate. The contract is valued […]
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 government struggles to control US dollar price The Iraqi economy is suffering from the US dollar's rise as a result of smuggling dollars outside of Iraq. Click here […]
By John Lee. Two new projects were officially launched in sector 128 of Ankawa district on Monday, January 16th. The projects, which include street paving, sidewalk construction, water supply, and sewerage will be financed by the KRG's Ministry of Municipalities and Tourism. Additionally, an expansion of the sector's electricity network will be financed by the […]
By John Lee. Jabal-Alzaytoun Ltd. has won a new contract with the United Nations for the supply of materials the maintenance of water networks and pumps for Mosul and Telafar [Talafar] Water Directorates. The contract is valued at $111,909. (Source: UNGM)
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Despite criticism, Iraq's PM pursues expansion of public sector Iraqi Prime Minister Muhammad Shia' Al-Sudani has kicked off a major campaign to expand the country's social safety net. This comes only weeks after […]
Kurdistan Region Government (KRG) farmers, who used to grow wheat, barley, vegetables and fruits, are now growing dozens of other crops, including corn. The Kurdistan Region Government (KRG) needs one million tons of corn annually and the Ministry of Agriculture of the Kurdistan Region Government (KRG) has paid attention to this product and plans to […]
By Martin Chulov and Nechirvan Mando, for The Guardian. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Treasure hunters circle in search of Islamic State's lost loot The ruins of Iraq and Syria are proving a treasure trove, with former foes vying to […]
By John Lee. Wide Knowledge Company Ltd. has won a new contract with the United Nations for the supply and delivery of IT equipment in Erbil and Mosul. The contract is valued at $52,819. (Source: UNGM)
Germany supports UNDP in strengthening criminal justice services in Iraq Germany and the United Nations Development Programme (UNDP) have signed a EUR 826,250 donor agreement on strengthening Iraq's criminal justice services and improving their capacities to conduct effective interviews in line with international human rights commitments. The project promotes the application of the new regulations […]
