Tag Archives | Northern Gulf Partners

Iraq's Lezzoo Closes Seven Figure Seed Round

Northern Gulf Partners, a frontier market investment firm, and California-based Pay It Forward Venture Capital, have led a seven-figure US dollar seed round investment in Lezzoo, a delivery and e-payment platform that aims to become Iraq's first super-app. Lezzoo received a pre-seed investment from Silicon Valley's Y Combinator and is the only Iraqi start-up accepted […]

Iraq Fund named "Best Performing Emerging Mkt Hedge Fund"

Hedge fund industry journal Alpha Week is reporting that in the month of May 2019 Northern Gulf Partners’ investment fund Iraq Investment Partners I (IIPI) was the world’s best performing emerging markets hedge fund according to data compiled by the BarclayHedge Global Hedge Fund database. IIPI increased 13.57% net of all fees during the month. […]

Details of New Basra Logistics City

Details of the new Basra Logistics City, on the site of the old Camp Bucca, have been released. In December, the head of Basra Investment Commission said the $245 million-deal with the Iraqi Kufan Group and the American Northern Gulf Partners to develop the site marked a significant step toward rebuilding Iraq as it emerges […]

$245m Deal for Iraq's Camp Bucca

Camp Bucca, the sprawling former prison once run by the U.S. military in southern Iraq, will be turned into a commercial center with offices, warehouses, aviation and fuel services to support investors, Associated Press reports. Haider Ali Fadhil, the head of Basra Investment Commission, said the $245 million-deal with the Iraqi Kufan Group and the […]