Tag Archives | SMEs

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 […]

CBI allows SMEs to Defer Loan Repayments

By John Lee. The Central Bank of Iraq (CBI) has announced that the repayment of loans obtained under its '1 and 5 trillion dinars' finance initiatives for small and medium size businesses (SMEs) will be suspended for three months. According to a statement from the Government of Iraq, the move is an attempt to ease […]

Govt Finance Schemes to Support SMEs, Innovation

Iraqi government’s finance schemes to support SMEs and business innovation To support small and medium private-sector projects, the Iraqi government, through the Central Bank of Iraq (CBI) and with the participation of a number of private and state-owned banks, has made available several types of loans. The loans are available to all Iraqis. According to […]

SMEs to be Tax Free for 10 Years

By John Lee. The Iraqi Government has said it will exempt small- and medium-sized businesses (SMEs) from income tax for ten years. In a statement, it said: "The government announced a draft amendment to Income Tax Law No. 113 of  1982 to exempt several groups on low-income from paying income tax. "The proposed amendment also […]

Restarting Businesses in Fallujah, Kirkuk and Mosul

IOM Iraq’s Enterprise Development Fund (EDF) encourages rapid, large-scale private sector job creation and economic recovery through tailored support to Small and Medium Enterprises (SMEs). The EDF is a financing mechanism that provides SMEs with financial capital to contribute to their recovery and/or expansion. To assess the capacity of the market to absorb medium-sized grants, […]

Startups in Iraq "to Multiply Rapidly"

Top Mountain LLC hosted the first annual Business Canvas Erbil conference which was attended by 120 participants and took place in the Dedeman hotel. The conference was funded by the European Union and German Federal Ministry for Economic Cooperation and Development through GIZ. The event was also sponsored by GroFin Iraq, a financing organization that […]