Name: Alaa SHOUN
Country: Iraq
Expertise: Banking & Finance

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Professional Biography:

Alaa Shoun is our exclusively recommended Banking & Finance expert in Iraq on the Advisory Excellence website. If you need assistance in this area, please contact Alaa directly using the contact details listed above.

The Middle East venture capital market is surging off the back of a slew of recent high-profile exits. As investors scramble to find the region’s most promising ventures, we investigate an emerging start-up scene looking to overcome the odds in Iraq.

In recent months, attention has turned to the Middle East’s growing technology space. Following a number of recent success stories from those who have taken the plunge into Iraq, there has been a swell of interest among high-net-worth individuals, institutional investors and middle-class professionals alike, who increasingly see opportunity for new initiatives in the region.

Boosting these prospects, a growing number of angel investor groups and regional corporations setting up venture arms have diversified the sources of financing available – a marked change for the contemporary investment climate.

Iraq, officially the Republic of Iraq, is a country in Western Asia, bordered by Turkey to the north, Iran to the east, Jordan to the southwest, Syria to the west, Kuwait to the southeast and Saudi Arabia to the south. The capital and largest city is Baghdad.