By John Lee. The Iraqi cabinet has agreed to the authorization of a contract with a consortium of companies for a major seawater desalination project in Basra. A statement from the cabinet named the companies as Samsung, Makinasinayi (sic), Biwater, Wood Group and Al-Rida Group. The work will be based on a study submitted by […]
Tag Archives | UK Export Finance (UKEF)
Tags: Al-Rida Group, Austria, Biwater, featured, ILF Consulting Engineers, korea, Makinasinayi, mn, Samsung, South Korea, UK Export Finance (UKEF), United Kingdom, Wood Group
Cabinet tightens up on Public Sector Salaries
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet decided to: Approve the recommendations from the specialist working group to complete the comprehensive database of all those who work in the public sector, and to allocate a unique employment number […]
Türk Eximbank gives $79m Reinsurance to UKEF
By John Lee. Turkey's official export credit agency has reportedy agreed to provide $79.2 million in reinsurance support to its U.K. counterpart's energy projects in Iraq. According to Daily Sabah, Türk Eximbank will provide UK Export Finance (UKEF) with cash in proportion to the value of Turkish exports and services that will be used in […]
Iraqi Cabinet outlines Funding for Investment Projects
The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister thanked health teams for their sacrifices on the front line during the Covid-19 pandemic. The Cabinet received a briefing from the Minister of Health on the latest developments and the […]
Tags: ABB, Babylon, Cabinet, coronavirus, covid19, Electricity In Iraq, featured, GE, General Electric, German Development Bank (KfW), germany, JPMorgan, mn, Siemens, Standard Chartered, Standard Chartered Bank, Sweden, Swedish Export Credit Agency (EKN), UK Export Finance (UKEF), United Arab Emirates (UAE), United Kingdom, Wasit
UK Ambassador addresses IBBC Members via Videoconference
Ambassador Stephen Hickey addresses IBBC members via videoconference Over 50 Iraq Britain Business Council (IBBC) members yesterday participated in a video conference call with Ambassador Stephen Hickey, from his office in the UK Baghdad Embassy. The Ambassador updated members on the current situation in Iraq, covering four key areas of interest: COVID 19 response and […]
UK announces £1bn to support Trade with Iraq
UK International Trade Secretary Dr Liam Fox MP has visited Baghdad for a three-day visit (Sunday, 14 April to Tuesday, 16 April 2019) where he met with the Iraqi Prime Minister and announced that UK Export Finance (UKEF) will make an additional £1 billion of support available for British firms operating in Iraq, providing jobs […]
Tags: Basra News, Biwater, Electricity In Iraq, ENKA, Enka Insaat, Export credit, featured, GE, General Electric, Kurdistan News, mn, Siemens, UK Export Finance (UKEF), United Kingdom
UK Export Finance supports Siemens in Iraq
By Editor on 25th February 2019 in Investment, Iraq Banking & Finance News, Iraq Industry & Trade News
UK Export Finance (UKEF) will support a €30.2 million contract for the refurbishment of Al Mussaib power station in southern Iraq, the UK government has announced. The support will enable the rehabilitation of a 320 megawatt (MW) turbine, that will help improve the overall efficiency and output at the power station. Al Mussaib power station, […]
Tags: Al Mussaib power station, Baghdad, Electricity In Iraq, Export credit, featured, germany, mn, Mussaib, Siemens, UK Export Finance (UKEF), United Kingdom
$1bn UK Financing for Iraqi Electricity
By Editor on 30th January 2019 in Construction & Engineering In Iraq, Iraq Banking & Finance News, Iraq Industry & Trade News
UK Export Finance (UKEF) has announced it will support UK firms with US $1.02 billion to build two new power stations in Iraq and support the restoration of a number of electricity substations in the country. US $1.02 billion in support for UK firms to build two new power stations Agreement will help build and […]
Tags: Electricity In Iraq, ENKA, Enka Insaat, Export credit, featured, GE, General Electric, Turkey, UK Export Finance (UKEF), United Kingdom, United States
UKEF Financed 3 Iraqi Projects last year
By John Lee. UK Export Finance (UKEF) has published its annual report and accounts for 2017 to 2018, in which it lists three export projects supported in Iraq: Enka UK Construction Ltd received letter of credit guarantees and supplier credit totalling £87,910,650 for the construction of a gas-fired power plant for Iraq's Ministry of Electricity; […]
Tags: DJ, ENKA, Enka Insaat, Export credit, featured, Fortress Diagnostics, GE, General Electric, germany, Turkey, UK Export Finance (UKEF), United Kingdom
Biwater, Wood Partnership to Improve Iraq’s Water Infrastructure
A strategic partnership has been established between Biwater and Wood to work together in Iraq to address acute water shortages, beginning with the supply of water to the Basrah region. This important agreement between two leading UK infrastructure firms, demonstrates the scale of international interest and support in Iraq’s extensive infrastructure reconstruction efforts, and follows […]
Tags: Basra News, Biwater, featured, UK Export Finance (UKEF), United Kingdom, Water, water management, Wood Group
$210m UK Support for GE Power Deal
By Editor on 1st February 2018 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Public Works News
The UK's Minister of State for Trade and Export Promotion, Baroness Rona Fairhead (pictured), has announced $210.8 million in support from UK Export Finance (UKEF) for the second project agreed under the UK-Iraq infrastructure Memorandum of Understanding. The contracts with the Ministry of Electricity in Iraq, valued at $220 million, will see GE Global Services UK upgrade […]
Tags: Electricity In Iraq, featured, GE, General Electric, SERV, Switzerland, UK Export Finance (UKEF), United Kingdom
UKEF helps GE and Enka secure Power Contract
By Editor on 11th August 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News
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 […]