UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq. Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying: “The Department for International Trade through UK Export Finance […]
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Tags: Dhi Qar, Dhi Qar Power Plant, electricty, Energy Industry Council, ENKA, Enka Insaat, featured, GE, General Electric, NOF Energy, Samawa, Samawa power plant, Turkey, UK Export Finance (UKEF), United Kingdom
Mansurya Power Plant to delivering up to 720MW
GE has said it is supporting Iraq to develop its electricity infrastructure, working closely with the Ministry of Electricity to set up the Mansurya Power Plant in Diyala. Earlier, while still in its construction phase, the facility had been partially damaged during the conflict in the area and progress towards project completion had stalled. The […]
Baker Hughes signs Contract for Natural Gas Liquids Plant
Following extensive discussions, the Iraqi Ministry of Oil and Baker Hughes, a GE company (BHGE) signed a contract for fast-track solutions to help the recovery of flare gas in line with the country’s strategy for energy sector development. An advanced modular gas processing (NGL) plant has been recommended for Nassiriya as part of the initiative […]
Experts discuss Future of Iraq’s Economy at IBBC Retreat
By Editor on July 12, 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Education and Training News, Iraq Oil & Gas News, Iraq Public Works News, Politics, Security
The Iraq Britain Business Council (IBBC) held its annual weekend retreat on 7-9 July at Cumberland Lodge, Windsor Park, a venue dedicated to the advancement of international societal issues through constructive dialogue. Around 60 IBBC Members and guest speakers attended this unique event to discuss pressing issues on the future of Iraq’s economy, prospects and […]
Tags: AMEC Foster Wheeler, American University of Iraq Sulaimani (AUIS), Baroness Nicholson, Chatham House, Constellis, Ernst & Young (EY), featured, GE, International Monetary Fund (IMF), Iraq Britain Business Council (IBBC), KRG, Management Partners, Penspen, Restrata, Severn Glocon, Shell, The Economist, UK Export Finance (UKEF), United Kingdom
Baghdad Power Plant Starts Operations
By John Lee. GE and Mass Group Holding (MGH) have successfully commenced simple cycle commercial operations of four advanced GE 9F gas turbines under phase I of the Ministry of Electricity’s (MOE) Baghdad Power Plant in Besmaya [Bismaya]. Located about 40 kilometers from Baghdad, the facility is the first one in the country outside the […]
Tags: Baghdad, Besmaya, Bismaya, Bismayah, Electricity In Iraq, featured, GE, General Electric, Mass Global
Cape Pursues Expansion in Iraq
By John Lee. UK-based Cape plc, a provider of critical industrial services to the energy and natural resources sectors, has said that it is pursuing expansion in Iraq, where the Group was awarded initial small contracts from Kuwait Energy and GE during 2016. In its preliminary results for the twelve months to 31 December 2016, […]
GE’s Iraq deals in at Risk over US Tavel Ban
By Editor on February 2, 2017 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Politics, Security
By John Lee. US diplomats, citing a senior Iraqi government official, have said that the US travel ban could jeopardise General Electric (GE)‘s business in Iraq. According to a memo obtained by Politico: “[The Baghdad government] was preparing to sign two more deals with U.S. company General Electric that could be negatively affected, and that the […]
IBBC Welcomes Five New Members
By Editor on January 25, 2017 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Oil & Gas News
The end of 2016 saw several new members join the Iraq Britain Business Council (IBBC), each of which are underpinned by strong reputations for innovation, reliability and a commitment to investing in Iraq. GE, Khudairi Group, Pell Frischmann, Petronas and Siemens join 51 other world- and region-leading companies that form IBBC’s Council of Members. “IBBC […]
Tags: featured, GE, General Electric, germany, Iraq Britain Business Council (IBBC), Khudairi, Malaysia, Pell Frischmann, Petronas, Siemens, United Kingdom, United States
GE wins $1.4bn Iraq Power Generation Orders
GE has announced that it has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The company signed agreements that will add over two gigawatts (GW) of power and secure the delivery of ~1.75 GW of existing power […]
Tags: Dhi Qar, Dhi Qar Power Plant, Electricity In Iraq, featured, GE, General Electric, Samawa, Samawa power plant, Samawah, United States
IBBC Celebrates Successful Inaugural Conference in Dubai
By Editor on December 30, 2016 in Construction & Engineering In Iraq, Healthcare, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
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, […]
Tags: AMEC Foster Wheeler, Beas LLC, BP, Capital Bank of Jordan, conferences, dubai, E&Y, Eversheds, Exxon, Exxon Mobil, ExxonMobil, featured, GardaWorld, GE, Gulftainer, Iraq Britain Business Council (IBBC), Iraq Middle Market Development Foundation (IMMDF), Islamic International Bank, Mitsubishi, Restrata, Rolls-Royce, Serco, Shell, Siemens, SKA, Stephenson Horwood, United Arab Emirates (UAE), United Kingdom, Uruk, Weir Group
Baroness Nicholson – Opening Speech at IBBC Conference
By Editor on December 23, 2016 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
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 […]
Tags: conferences, Dar Al-Handasah (Shair and Partners), dubai, featured, GE, Gulftainer, International Islamic Bank, International Monetary Fund (IMF), Iraq Britain Business Council (IBBC), Khudairi, Marubeni-Itochu Steel, Pell Frischmann, Petronas, SKA, United Arab Emirates (UAE), Weir Group, World Bank, World Finance Corporation
New Financing for Iraqi Projects
By Editor on November 30, 2016 in Construction & Engineering In Iraq, Iraq Banking & Finance News, Iraq Public Works News
By John Lee. GE, Trade Bank of Iraq (TBI) and Standard Chartered Bank (SCB) have reportedly signed a financing MoU to accelerate the development of power and infrastructure projects in Iraq. According to TradeArabia, a similar financing agreement with the three entities earlier this year facilitated the completion of the first phase of the ‘Power […]