By John Lee. The Netherlands and Iraq Venture Partners (IVP) have launched the second phase of the Orange Corners Innovation Fund (OCIF) at a signing ceremony held at the Embassy of the Netherlands in Baghdad. The EUR 2.6-million fund, financed by the Netherlands and implemented by IVP, aims to support young Iraqi entrepreneurs with technical […]
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 […]
By John Lee. The International Labour Organization (ILO), Iraq's Ministry of Planning (MOP), and the Italian Agency for Development Cooperation (AICS) have held a two-day conference to discuss the national Micro, Small, and Medium Enterprises (MSMEs) development Policy for Iraq by bringing together government entities, international organizations, employer and worker groups, and financial institutions to […]
The Iraqi Riyada Network for Access, Development, and Advancement (IRADA Network) was launched recently in Baghdad. It is the creation of a consortium of prominent institutions specializing in business development and entrepreneurship, including the RWANGA Foundation in Iraqi Kurdistan, Qaf Lab in Mosul, and Tafa3ul Hub from Basra. Institutions From Baghdad include Computiq, The Station, […]
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 […]
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 […]
Iraqi private sector development company Kapita is running a Zoom webinar on "Startups Investment Awareness". The webinar will focus on investing for startup companies and the Iraqi Angel Investors Network (IAIN). Please click here to register. (Source: Kapita)
Iraqi Banking Sector and Financial Infrastructure Overview This report dives deep into the financial sector in Iraq, covering Iraqi banks, government structure and spending, electronic and cashless payments, and recent developments in the Iraqi financial scene, as well as the main issues noted. In terms of banking services and technology, Iraq is getting close to […]
Transportation Sector in Iraq: Roads and Railways Transportation and mobility are pathways to urbanization, as addressing mobility challenges are key to accessing healthcare, education, and services, as well as promoting trade and commerce. The road network and the railway system in Iraq have been in existence since the rule of the Ottoman Empire during the […]
By John Lee. Baghdad-based ed-tech platform Eduba has reportedly launched its ''Super App'' - the first EdTech super app in Iraq and MENA that offers multiple services. According to a report from Iraqi Innovators, the app has four components in their all-in-one learning management system, which includes interactive learning content, ride hailing, and payments. It […]
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 […]
Transportation Sector in Iraq: Aviation & Maritime Scene Overview The transportation sector plays a major role in the development of the country. As a key factor in promoting the advancement of dependent operations, a strong transportation infrastructure will ensure the proper functioning of closely related sectors and present a reliable playground for emerging businesses and […]
