IBBC hosts well attended Conference at The Mansion House
On June 16th IBBC hosted it's best attended London Conference at The Mansion House yet, with over 280 delegates from Iraq, UK, and International European and Middle East countries. With an overarching theme of 'Iraq open to the world' a wide range of panels discussed Iraq's rapidly improving international position across economic indicators, political relationships, […]
Petrel Resources Shares Dive on Going Concern Worries
By John Lee. Shares in Irish-based Petrel Resources fell more than 30 percent this morning as the company reported, "a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern," in its audited results for the year ended 31st December 2022. The company claims to have […]
3t Energy Group appoints agent in Iraq
By John Lee. UK-based 3t Energy Group (3t) has announced a new agreement that sees Horizon OilWell Academy operate as the Group's agent in Iraq. According to a press release, this agreement will see Horizon OilWell Academy adopt three of the Group's portfolio of businesses, including the provision of Drilling Systems' fully immersive simulator products, […]
Iraq and Qatar sign Major Commercial Agreements
By John Lee. Iraq and Qatar have solidified their bilateral relations through the signing of several agreements and memorandums of cooperation. Prime Minister Mohamed Shia Al-Sudani and the Emir of Qatar oversaw the signing ceremony, emphasizing comprehensive cooperation in politics, economy, energy, and investment. A joint declaration of intent was signed, paving the way for […]
US Chamber of Commerce visits Iraqi Kurdistan
On Monday, June 19, 2023, Prime Minister Masror Barzani of the Kurdistan Regional Government (KRG) held a meeting with Steve Lutes, Vice President of Middle East Affairs at the US Chamber of Commerce. Accompanied by a delegation from the Chamber and Irvin Hicks, the US Consul General in the Kurdistan Region, the meeting aimed to […]
Rasmi Al Jabri Award presented to AAA Holding
The Iraq Britain Business Council (IBBC) has presented the Rasmi Al Jabri Award to Mr Amet Selman, the CEO of AAA Holdings Ltd. The Award is given annually by the IBBC to recognise achievement and performance by an Iraqi-owned business that exudes the standards of business excellence promoted by the late Mr Rasmi Al Jabri, the IBBC's […]
KRG PM receives Netherlands' Ambassador to Iraq
On Monday, June 19, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) held a meeting with Hans Sandee, the Ambassador of the Kingdom of the Netherlands to Iraq. Their discussions centred around the latest political developments in Iraq, with a specific focus on the Kurdistan Region's relationship with the Kingdom of the […]
Iraq Launches Sixth Licensing Round for Gas Exploration
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani has announced the launch of the sixth licensing round for exploration of 11 gas blocks: Tel Hajar (Tell Al-Hajjar) Block - Nineveh Governorate Khliesiea (Al-Khaleesa) Block - Nineveh and Anbar Governorates Anbar Block - Anbar Governorate Anah (Aana) Block - Anbar Governorate Anz (Al-Anz) Block - […]
KRG working to Standardise the Banking System
By John Lee. KRG Prime Minister Masrour Barzani has said that, while the KRG's financial reforms project is still in its preliminary stages, its ultimate goal is to digitise the public sector's payroll, benefiting 1.2 million civil servants. Additionally, the project aims to involve the private sector to ensure accessibility and convenience for everyone in […]
GKP provides Operational and Corporate Update
By John Lee. Gulf Keystone Petroleum (GKP) provided an operational and corporate update on Friday. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "Gulf Keystone entered 2023 following a year of strong operational and financial performance and continued delivery against the Company's disciplined strategy of investing in profitable production growth, sustainable shareholder returns and […]
Three New Facade Groups Launched in Iraq
By Hamdi Malik and Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Three New Facade Groups Launched in Iraq Efforts are being made to create new brands for anti-U.S. resistance on Iraqi soil, while […]
UK 'Extremely Supportive' of KRG Digitalization
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. UK 'extremely supportive' of KRG digitalization process: Diplomat The United Kingdom is assisting in the Kurdistan Regional Government's (KRG) digitalization strategy and is "extremely supportive" of its transformation into a digital government, one of […]