By John Lee. A delegation from Iraq, led by Deputy Prime Minister and Minister of Planning Mohammed Tameem, met with a delegation from the United States government, headed by Secretary of State Antony J. Blinken, in the High-Level Coordination Committee (HCC) meeting yesterday, April 15th. The meeting was held in accordance with the 2008 Strategic […]
By John Lee. With support from the government of Iraq, the International Trade Centre (ITC), a joint agency of the United Nations (UN) and the World Trade Organization (WTO), organized a two-day trade forum to help Iraqi businesses to identify and develop trade opportunities. The Forum was funded by the European Union (EU). According to […]
By John Lee. The International Organization for Migration (IOM) and the Government of Germany, through the KfW Development Bank, have launched the sixth phase of their ongoing partnership, aiming to create 1,100 new jobs in small and medium-sized enterprises (SMEs) in Iraq, via its Enterprise Development Fund (EDF) component. The program provides financial capital to […]
The ILO, the Central Bank of Iraq and partners celebrate success of the financial Inclusion Initiative for MSMEs under the PROSPECTS Programme [EN/AR] Hundreds of loans have been disbursed to aspiring entrepreneurs and existing MSMEs through the project, contributing to the creation and retention of more than 1,200 job opportunities for Iraqi host communities and […]
By John Lee. The Kurdistan Regional Government (KRG)'s Prime Minister, Masrour Barzani, has launched a new initiative that will provide commercial loans through private banks to small and medium-sized businesses (SMEs) looking to expand. Full statement from KRG: On Monday, September 25, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) unveiled Project […]
UNIDO and Government of Japan collaborate on Sustainable Development of the Food Industry in Iraq The United Nations Industrial Development Organization (UNIDO) and the Government of Japan are proud to announce their collaboration on the "Emergency livelihood support to mitigate the food insecurity crisis among vulnerable people in Iraq" project. This project is part of […]
By Timothy Motte, for The Realistic Optimist. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The timid but ambitious Iraqi startup scene Battered by decades of conflict and pervasive reliance on oil, Iraqi founders are trying to break the status quo. Click here to […]
By John Lee. The Private Sector Development Department of the Iraqi Ministry of Trade participated in a workshop organized by the Dutch Spark organization in Erbil to support small and medium-sized companies. The workshop aimed to provide guidance and training to link these companies with banks and find sources of financial support for them. The […]
By Meethak Al-Khatib and Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. With few job openings, Iraqi youth find work in creative ways As Iraq's economy struggles, Al-Monitor spoke to young Iraqis who are making money via video […]
Seed investor Flat6Labs has launched its StartMashreq entrepreneurship program. The regional program is being implemented over a two-year period in partnership with the International Finance Corporation (IFC), a member of the World Bank Group, and the government of the Netherlands. As the first program of its kind, StartMashreq will offer comprehensive support to entrepreneurs across […]
ITC and UN WFP Sign an Agreement to Promote Development and Strengthening of Entrepreneurship The United Nations World Food Programme (WFP) and the International Trade Centre (ITC) signed an agreement on 6 March 2023 to collaborate on improving the efficiency and competitiveness of Micro, Small and Medium-sized Enterprises (MSMEs) in Iraq. The partnership will leverage […]
The Ministry of Planning of the Kurdistan Regional Government of Iraq, in partnership with the United Nations Development Programme (UNDP) and with funding from the United States Agency for International Development (USAID) has launched a study on Micro, Small, and Medium-Enterprises (MSMEs) in Iraq. The study provides an evidence base to inform policies and strategies […]
