Tag Archives | MSMEs

Asiacell, UNDP support Youth Employment and Entrepreneurs

Asiacell and UNDP Iraq join efforts to support youth employment and entrepreneurs Following its commitment to boosting youth employment and strengthening Iraq's Micro, Small, and Medium Enterprises (MSMEs), Asiacell today signed a two-year Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) in Iraq. The MoU commits the leading telecommunications company and the […]

COVID-19 hits Iraqi Labour Market, Enterprises

COVID-19 Dealt Heavy Blows to Iraqi Labour Market, Enterprises in 2020: IOM, FAO, ITC Study In early April, Iraq surpassed 900,000 COVID-19 cases. Necessary efforts to contain the spread of the virus throughout 2020 led to a reduction in economic activity; compounded by pre-existing economic challenges, drops in oil prices and the public health COVID-19 […]

USAID, Top Mountain launch Business Accelerator Project in Iraq

USAID and Top Mountain Announce 15 Iraqi MSMEs to Receive In-Kind Grants The United States Agency for International Development (USAID) and Top Mountain have launched a Business Accelerator Project to assist micro, small, and medium-sized businesses (MSMEs) in Iraq recover, develop, and grow their businesses. Today, Top Mountain announced the names of 15 Iraqi MSMEs […]

GE, Kapita to support up to 50 Iraqi Microbusinesses

GE partners with Kapita to drive growth of Iraqi entrepreneurship ecosystem As part of its ongoing commitment to support Iraq and its people through the acceleration of socio-economic progress, GE has partnered with Kapita, a grassroots entrepreneurship organization to launch the 'Iraqi Microbusinesses' initiative - "Takaat" in Arabic. Through the new partnership, GE will support […]

MoU to Boost Private Sector in Iraq

The United Nations Development Programme (UNDP) in Iraq and the Iraqi Ministry of Planning (MoP) have today signed a new Memorandum of Understanding (MoU) that will boost the private sector through micro, small and medium enterprises, create job opportunities and support an inclusive growth policy. The MoU provides a general framework for cooperation between the […]

New USAID-funded Business Accelerator in Iraq

The United States Agency for International Development (USAID) and Top Mountain have launched a Business Accelerator Project to assist micro, small, medium-sized businesses (MSMEs) in Iraq to provide immediate assistance to help their business recover, develop, and grow. In support of this effort, Top Mountain will distribute USAID-funded grants to 15 Iraqi businesses.  These grants […]

New Survey of Iraqi SMEs during COVID-19

New Survey of Small and Medium Enterprises Offers Insight into State of Iraq's Economy During COVID-19 Pandemic Measures taken to curb the spread of COVID-19 have led to reduced operating hours or the closure of many of Iraq's small and medium-sized enterprises (SMEs). The economic impact of the pandemic is expected to be severe. To […]

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 […]

Celebrating the Small: MSMEs in Iraq

In Iraq, a country most recognized for its oil production, it's the micro - small - and medium-enterprises (MSMEs) that bring life and colour to the streets. Despite being the 'small' players in business, the private sector (excluding oil) accounts for close to 60% of employment, with MSMEs active in the widest range of sectors […]

IBBC, World Bank introduce Free Training for Iraqi SMEs

You are invited to help IBBC and World Bank to introduce Iraqi SME's to FREE business training courses WHEN: 29th June, 6pm to 8pm Iraq time Please share this free business training initiative and the course registration with any SME in your network, however small, and encourage them to sign up. Arabic version for sharing with […]

Impact of COVID-19 on SMEs in Iraq

Small and Medium Enterprises (SMEs) have been heavily affected by the COVID-19 pandemic, due to the closures and reduced working hours recommended to curb the spread of the virus. To better understand the impact of COVID-19 on SMEs, IOM Iraq conducted a survey with 456 enterprises active in different sectors in urban areas of Iraq […]