By John Lee. Elsewedy Electric and Toyota Tsusho Corporation (TTC) have reportedly announced the completion of four electrical substations in Southern Iraq. According to Zawya, the $546-million contract was signed in February 2018, with the participation of the Japan Bank for International Cooperation (JBIC), Bank of Tokyo-Mitsubishi UFJ, and Sumitomo-Mitsui Banking Corporation, under insurance cover […]
Tag Archives | Sumitomo Mitsui Banking
Tags: Bank of Tokyo-Mitsubishi UFJ, Electricity In Iraq, Elsewedy Electric, featured, Japan, Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), Sumitomo Mitsui Banking, Toyota Tsusho
Iraq Borrows $360m to Reduce Gas Flaring
The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world, helping to improve energy access, prevent associated greenhouse gas (GHG) emissions and support a more resilient, sustainable energy sector in Iraq. BGC is […]
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Japan to Resume Lending to Iraq
By Editor on 3rd April 2017 in Construction & Engineering In Iraq, Iraq Banking & Finance News, Iraq Public Works News
By John Lee. Nikkei Asian Review reports that state-owned Japan Bank for International Cooperation (JBIC) and the country's two leading commercial banks -- Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking -- are preparing to make Japan's first loan to Iraq in 31 years. The consortium will support an Iraqi government power project with a […]