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Germany – Kurdistan Iraq Business & Trade News – German Consul General, Erbil, Kurdistan, cultural ties, educational ties and more – brought to you by Iraq Business News

Germany supporting Vulnerable Children in Iraq

UNICEF receives 26 million from Germany to support national systems and ensure vulnerable children in Iraq receive quality basic and social protection services in Iraq The German Government, through its Development Bank, the Kreditanstalt für Wiederaufbau (KfW), has contributed 26 million Euros to UNICEF in order to help the agency in its ongoing efforts to […]

German Firm wins Contract to Digitise KRG Public Services

KRG Prime Minister Masrour Barzani has presided over the contract signing ceremony between the Ministry of Interior and Germany's Mühlbauer Group to digitalize key public services. During the ceremony, the Prime Minister said that the KRG has no choice but to move forward with technological advancements, recalling the cabinet's agenda on digitalization and commitment to […]

Tabib Baghdad secures more Funding

By John Lee. An online platform that connects Iraqi patients to doctors has reportedly raised a six-figure sum in its latest round of fundraising. According to Startup MGZN, Tabib Baghdad raised the money through the recently-launched Iraqi Angel Investors Network, led by KAPITA and Nass Al Iraq. It adds that the Deutsche Gesellschaft für Internationale […]

Germany's New EUR 10m Contribution to Iraq

New €10m contribution from Germany expands UNDP Iraq's Coronavirus response into 15 governorates German Government's KfW Development Bank and the United Nations Development Programme (UNDP) in partnership with the Government of Iraq, have today signed a EUR 10 million agreement (US$11.75 million) to support Iraq's response to COVID-19. The contribution was made by the German […]

Iraqi Startups' Ecosystem Monitor

The research is based on evaluating 14 different entrepreneurial frameworks derived from experts' evaluations for each of the different frameworks. Also, it provides a comparison with some MENA countries and gives recommendations to develop each framework and the ecosystem in general. This publication is part of Business LANDSCAPE series which a series of research publication […]

New Food Delivery App to enter Iraq

By John Lee. Kuwait-based food and grocery delivery app Talabat has announced the expansion of its services into Iraq. The app, which operates in eight markets throughout the MENA region, will initially launch operations in Erbil in early 2021, before expanding into Federal Iraq in 2021. Founded in Kuwait in 2004, talabat continues to revolutionise […]

New Report on Iraqi Industry

This report provides a general overview of the Iraqi industrial sector. It starts with a briefing about why the industrial sector is very crucial for Iraq's future economy. As a more advanced industrial sector leads to greater GDP value, higher salaries, and better services provided by efficiently-trained labor. Despite this fact, there has been huge […]

New Report on Iraqi Agriculture

Iraq is heavily reliant on oil, as oil revenues have been the spine of the economy and the main contributor to exports and remain so even with the halt of oil prices and market demand. This led to neglecting the opportunities that lie in other sectors that could diversify and support the economy. Agriculture is […]

KAPITA launches Iraqi Angel Investor Network

KAPITA launches the first Iraqi dedicated Angel Network The Iraqi entrepreneurship ecosystem receives a major boost with the launch of the first Iraqi angel investors network KAPITA is launching Iraq's first Angel Investor Network - IAIN ( https://iraqangels.net/ ) that is dedicated to connecting startups with angel investors in order to develop the Iraqi entrepreneurship […]

New German Consul General in Erbil

By John Lee. Germany's new Consul General in Erbil, Klemens Semtner (pictured), has arrived in Erbil to take up his post. According to a statement from the German Consulate in Erbil: "Awaiting final agreement from the Iraqi government, he is ready to start working to strengthen relations with KRI." (Source: German Consulate in Erbil)

Officials Sentenced for Corruption

By John Lee. Iraq's Commission of Integrity has said that two official have been sentenced, in absentia, to seven years in prison for misusing 7.1 billion dinars ($6 million) of public funds. The two were former board members of the Martyrs Foundation, and tbe violations concerned a contract with a German company. Arrest warrants have […]