Tag Archives | UK Export Finance (UKEF)

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 […]

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 […]

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 […]

$210m UK Support for GE Power Deal

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 […]

UKEF helps GE and Enka secure Power Contract

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 […]

Experts discuss Future of Iraq’s Economy at IBBC Retreat

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 […]