Germany – Kurdistan Iraq Business & Trade News – German Consul General, Erbil, Kurdistan, cultural ties, educational ties and more – brought to you by Iraq Business News
By John Lee. German-based interconnection platform operator DE-CIX and internet exchange IRAQ-IXP have signed a strategic partnership, in the context of the Capacity Middle East event, for the future operations of "IRAQ-IXP powered by DE-CIX". According to a press release from DE-CIX, IRAQ-IXP powered by DE-CIX will be operated by DE-CIX under the DE-CIX as […]
Nakhla, an Iraqi-based agri-tech social enterprise, has received a six-figure investment from Euphrates Ventures, an Iraq-focused venture fund. The investment was facilitated by the Iraqi Angel Investors Network (IAIN) and marks the first investment round completed by an Iraqi agri-tech startup. Nakhla is the Arabic name for date palm tree and has long been associated […]
The KfW Development Bank [Kreditanstalt für Wiederaufbau] and UNOPS signed an agreement to support the conflict-affected communities in Anbar governorate and Sinjar district in Ninewa governorate in Iraq. With a total support of 35 Million EUR from the Federal Republic of Germany, through the KfW Development Bank, UNOPS will undertake the rehabilitation of war-damaged shelters […]
The Takween Accelerator is looking for potential investors to attend our Investor Bootcamp Program. This program is designed to provide an investor training bootcamp to high potential individuals to increase their interest and skills in investing in tech startups within KRI and Iraq. The goal of this program is to increase the number of startup […]
IoT-Kids, an Iraqi-based online programming learning platform for children, has successfully secured five-figure investment from the leading ISP provider in Iraq - Earthlink Telecommunications, through the Iraqi Angel Investors Network (IAIN) member, Dr. Ala'a Jasim [Alaa J Mousa]. This investment included a matching grant of 20,000 dollars from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) […]
The Federal Republic of Germany Provides Additional Contribution to UNMAS in Support of the Mine Action Sector in Iraq The United Nations Mine Action Service (UNMAS) in Iraq welcomes an additional contribution of USD 5.7 million from the Federal Republic of Germany for residential area clearance in support of stabilization initiatives and post-conflict returns in […]
PM Masrour Barzani meets with representative of Deutsche Bahn railway company KRG Prime Minister Masrour Barzani on Thursday met with the representative of the German Deutsche Bahn railway company for Europe and the Middle and Near East. In the meeting, attended by the German Consul General in Erbil, the company's representative briefed the Prime Minister […]
Mosul University's Theatre Hall Officially Reopens After ISIL Destruction The newly-rehabilitated Theatre Hall at Mosul University was officially opened yesterday by the United Nations Development Programme (UNDP), KfW Development Bank and Ninewa Governorate. The Theatre Hall, which was the biggest hall in Ninewa, was severely damaged during ISIL occupation and Mosul's liberation. It is rehabilitated […]
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 […]
By John Lee. A ride-hailing app that was launched in Baghdad last month has reportedly closed the largest seed round in the tech history of Iraq. According to Wamda, Baly is backed by Germany's Rocket internet, and raised $10.5 million from Kingsway Capital, MSA Capital, Global Founders Capital, Vostok Ventures, Majid Al Futtaim and March […]
By John Lee. The Sulaimanyah-based Royal Can Making Company is reportedly planning to set up a container glass factory in the south of Baghdad. According to Glass International, the new Al Malakeya Glass Company will have a capacity of 1150 tons per day when completed in August 2024. Engineering Procurement and Construction (EPC) management will […]
By John Lee. As part of its efforts to switch to clean and renewable energy, Iraq's Ministry of Oil has said it is working with Siemens to produce hydrogen. The German company will provide advanced technologies and equipment for the project, and set up workshops to support the initiative. The first of these workshops was […]
