Tag Archives | dubai

IBBC Autumn Conference 2017: ‘Together We Build Iraq’

IBBC Autumn Conference 2017: ‘Together We Build Iraq’ 12 November 2017, The Address Dubai Marina, Dubai The Iraq Britain Business Council (IBBC) is pleased to invite you to the IBBC Autumn Conference at The Address Hotel Dubai Marina, United Arab Emirates, on Sunday 12 November 2017. This years’ event follows IBBC’s successful inaugural conference of 2016 held in […]

Iraq may Change Oil Pricing Benchmark for Asia

By John Lee. Iraq is considering changing its price benchmark for Basra crude oil sales to Asia. From January, the State Oil Marketing Organization (SOMO) proposes to price relative to Dubai Mercantile Exchange (DME) Oman futures, rather than the average of Platts’ Oman-Dubai quotes. According to a report from Reuters, this would mark a significant […]

IBBC holds Successful Inaugural Dubai Networking Event

The Iraq Britain Business Council (IBBC) has held its first major networking event in Dubai, to accommodate the demand from its members, who operate from Dubai as a regional business hub. Vikas Handa, the IBBC UAE Representative said over the last few years UAE has emerged as the hub for companies doing business in Iraq, […]

IBBC Networking Reception in Dubai

On Tuesday 1 August, 2017, the Iraq Britain Business Council (IBBC) will hold its first networking event in Dubai. The event follows the appointment of Vikas Handa (pictured) as IBBC UAE representative. Vikas intends to host regular networking events in the UAE for IBBC members and companies that are interested in working in Iraq. Since […]

SOMO, Litasco to Trade Oil from Dubai

By John Lee. Iraq’s State Oil Marketing Organization (SOMO) and Russia’s Litasco — Lukoil‘s international marketing and trading arm — have set up a joint oil trading company in Dubai. A source told Reuters that the new venture, LIMA Energy, is building a team to work at the Dubai Multi Commodities Centre (DMCC) to trade […]

IBBC Celebrates Successful Inaugural Conference in Dubai

More than 180 expert speakers and delegates from the UK, Iraq, UAE and abroad gathered in Dubai at The Address Dubai Marina on Sunday 18 December for the Iraq Britain Business Council’s (IBBC) Autumn Conference. Usually held in London, the well-attended conference marked the first time the IBBC has held an event in the UAE, […]

Baroness Nicholson – Opening Speech at IBBC Conference

Baroness Nicholson – Opening Speech for the Iraq Britain Business Council (IBBC) Conference on December 18th in Dubai: Welcome to Dubai. IBBC has been aware for many years of the important role that the UAE plays as a regional hub for business and trade through the MENA region and in particular as a regional base […]

IBBC Announces Line-Up for Iraq Business Conference

Having had to postpone its autumn conference earlier this year, the Iraq Britain Business Council (IBBC) has confirmed that it has received full UAE Government approval to hold its conference on Sunday 18th December. It has convened 20 of the top decision-makers from the Government of Iraq and key industry sectors, who will come together […]

Oil Ministry asks IOCs to drop Dubai Offices

By John Lee. Reuters reports that Iraq has asked international oil companies to save costs by shutting down their prestige offices in Dubai and running their Iraqi operations from within Iraq. Oil companies with contracts in Iraq have to clear spending with Baghdad, including staffing costs, and are then repaid with income from Iraq’s exports […]

IBBC Autumn Conference Cancelled

By Padraig O’Hannelly. The Iraq Britain Business Council (IBBC) has had to cancel its Autumn Conference, originally scheduled for 6th November in Dubai, due to circumstances beyond its control. A spokesperson told Iraq Business News that planning is now underway for an alternative conference to be held in Baghdad in December, with details to be […]