Tag Archives | retail

Tabaqchali: Supermarkets and Stability

By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Market Report: Supermarkets and Stability The market, as measured by the Rabee Securities RSISX USD Index, was down 4.2%, and down 2.9% for the year.  The […]

UAE Retailer to target Iraqi Market

By John Lee. Abu Dhabi-based retail chain Lulu Group is reportedly raising funds to finance an expansion into Iraq. A director told Khaleej Times that the company plans an IPO next year, and will continue to add new outlets and new markets, including Iraq and North Africa. More here. (Source: Khaleej Times)

Midea Group announces Expansion into Iraq

Chinese electrical appliance manufacturer Midea Group has appointed Al Hafidh as its distributor in Iraq. According to a press release, Al Hafidh is one of the biggest Iraqi-owned conglomerates, while Al Hafidth Home Appliances is widely recognized for its uncompromising commitment to quality and excellence and for being a customer-centric business organization. Distribution is scheduled […]

Iraqi e-Commerce Venture raises New Investment

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 […]

US Consul General supporting American Brands in Kurdistan

By John Lee. US Consul General Robert Waller has met with Ahmed Qadir [Ahmad Kadir Ismail Al Majidi], Chairman of HewaHolding, which owns the Fatburger and The Coffee Bean and Tea Leaf franchises in Erbil. While visiting Erbil's Majidi Mall, they discussed the company's future plans to expand and bring other American brands to the […]

LG opens Biggest Overseas Brand Shop in Iraq

By John Lee. South Korean electronics maker LG Electronics has reportedly opened its largest overseas brand shop in Iraq. The two-floor shop covers 870 square meters in the main commercial district of Erbil. Around 200 government and media officials attended an opening ceremony, according to a report from Nation Multimedia. (Source: Nation Multimedia)

Online Fashion Retailer Opens to Iraqi Customers

By John Lee. Dubai-based online fashion retailer Elabelz has started shipping to Iraq. According to a report from Forbes, it will "be the first pioneering player in the uncharted waters of Iraqi e-commerce market". The company, founded in May 2016, has reportedly developed a customized solution of delivery and payment for its clientele in Iraq, […]

Dubai-based Fashion Retailer to Expand in Iraq

Dubai-based Redtag, the value fashion and home lifestyle brand, has announced that it plans to open 20 more stores in the MENA region in 2016 including in Saudi Arabia, Oman, Egypt, Iraq, and Uzbekistan. Out of a total of the brand’s over 170 stores across the Middle East, 101 are currently in Saudi Arabia, with […]

Profits from Protest: Street Vendors Flock to Baghdad

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Profits from Protest: Street Vendors Flock To Baghdad For Demonstrators' Business The regular popular demonstrations being held in Baghdad every Friday are not just good for the country's democracy, they're […]

Auchan Hypermarket Closes

By John Lee. The French retailer Groupe Auchan has announced that its hypermarket in Erbil has closed down. The company described the closure as a "non-anticipated decision ... by the SI Retail shareholders, the English-law firm managing locally the hypermarket, due to the difficult situation encountered in the country." SI Retail signed an Auchan franchise […]