New Leadership at Five One Labs Charts Exciting Path Forward in Iraq Five One Labs, a global startup incubator supporting frontier-market entrepreneurs, has recently announced the appointment of new Managing Directors for Iraq and the Kurdistan Region of Iraq. Savo Bakhtiar Rasoul, the new Managing Director for Ecosystem, and Shwan Ali Qaradaghi, the new Managing […]
The Iraqi Riyada Network for Access, Development, and Advancement (IRADA Network) was launched recently in Baghdad. It is the creation of a consortium of prominent institutions specializing in business development and entrepreneurship, including the RWANGA Foundation in Iraqi Kurdistan, Qaf Lab in Mosul, and Tafa3ul Hub from Basra. Institutions From Baghdad include Computiq, The Station, […]
By John Lee. The Iraqi, vertically integrated, e-commerce store Orisdi has successfully concluded a six-figure bridge round of investment. The company said in a press release that the funding was arranged in August, and included both new investors and existing shareholders, such as Al Sharqiya TV Group, Amar Shubar, Ahmed Sultani, Naveed Pasha, Hassan Al […]
By John Lee. Five Iraqi start-ups are reported to be among the 24 new businesses selected to take part in Flat6Labs' StartMashreq Growth Track programme. The programme, which started in June and will run until December 2024, is part of StartMashreq's broader vision to inspire and support displaced entrepreneurs and empower female-led startups in the […]
Bassem Rahmi, CEO of Egypt's Micro- Small- and Medium-sized Enterprises Development Agency (MSMEDA) has emphasized the agency's commitment to implementing the political leadership's directives aimed at enhancing cooperation with relevant entities in the development and advancement of the small business sector in Arab countries. The agency seeks to exchange expertise regarding mechanisms that drive the […]
The Kurdistan Regional Government (KRG) has launched an online portal to streamline and expedite the registration process for businesses. This initiative aims to reduce costs and simplify procedures, making it easier for entrepreneurs to establish their companies in the region. With the new online system (business.digital.gov.krd), business owners can conveniently submit their applications from anywhere […]
Youth policy dialogue to improve Iraq's business ecosystem Youth entrepreneurs working in agriculture, business support organizations including start-up incubators, international organizations and government representatives convened in Baghdad to encourage informed policymaking for a stronger entrepreneurship ecosystem in Iraq. The Youth Policy Dialogue discussed the findings of the Youth Barometer Report published by the International Trade […]
Hackasuly, the Sulaymaniya-based hackathon, is returning. From 22nd to 24th June, the event will be part of the city's Bit Festival. It aims to bring the coding community together over a weekend to work in teams and turn their ideas into technological solutions. Prizes will be awarded in three categories: Software Engineering AI and Data […]
By John Lee. Erbil-based start-up Midient has reportedly received a "pre-seed round" investment of $115,000 from regional accelerator Flat6Labs for its loyalty program product Kurdivia. According to Iraqi Innovators, the company was co-founded by Ahmed Jamal, Mohammed Shahoyi, and Omer Sabah. It was also picked for a $10,000 pilot investment by Canadian venture fund Loyal […]
By John Lee. Iraqi Prime Minister, Mr. Mohammed S. Al-Sudani, has met with a group of scientists, inventors, innovators, researchers, university professors, and patent holders from diverse academic fields. The meeting aimed to discuss and explore proposals that could positively impact the country's economy and address various service and life-related challenges. During the gathering, the […]
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 […]
