By John Lee. The Iraqi Embassy in London has held a virtual meeting with the Iraq Britain Business Council (IBBC) to discuss strengthening economic and investment relations between the two countries. Ambassador Dr Salih Husain Ali Al-Tamimi led the meeting, which covered a range of topics including: Recent political developments in Iraq, including the forthcoming […]
From the Iraq Britain Business Council (IBBC): Ambassador of the Republic of Iraq to the United Kingdom Meets UK Minister of State for Trade The Ambassador of the Republic of Iraq to the United Kingdom, Dr Salih Husain Ali Al-Tamimi, met with Sir Chris Bryant, Minister of State for Trade, at the Department for Business […]
By John Lee. Emergency One (UK) Ltd has completed the first 12 bespoke fire appliances for the Iraqi Ministry of Interior (MOI), marking a significant milestone in the country's fleet modernisation programme. In January 2025, it was announced that Emergency One had been awarded the contract to supply 31 bespoke fire appliances to the Ministry […]
By John Lee. Prime Minister Mohammed S. Al-Sudani oversaw the signing of three significant Memorandums of Understanding (MoUs) on Wednesday, two in the electricity sector and one to enhance commercial cooperation with the United States. The first MoU, signed with GE Vernova, outlines a strategic cooperation framework to develop combined-cycle gas power plants in Iraq, […]
By Jon Wilks CMG, Former UK Ambassador to Iraq, for the Iraq Britain Business Council (IBBC): British business heightened interest in Iraq following visit of Prime Minister Al Sudani to London Iraq in 2025 continues a steady and sustained recovery based on greater stability, strong oil revenues, staying out of regional conflicts and accelerating reconstruction. […]
By John Lee. Standard Chartered has successfully arranged a $95-million term loan for the Iraqi Ministry of Finance, supporting the supply of five electrical substations across northern and southern Iraq. The financing, backed by a 100% UK Export Finance (UKEF) guarantee, covers both political and commercial risks. The Ministry of Electricity will use the funds […]
By John Lee. The United Kingdom is supporting Iraq's emergency services through a major export deal, enabling the Iraqi Ministry of Interior to purchase 62 British-made fire engines with a $31 million loan from UK Export Finance (UKEF). The units will be supplied by two companies: Emergency One, based in Ayrshire, Scotland, will supply MAN […]
By John Lee. During Prime Minister Mohammed S. Al-Sudani's official visit to London, Iraq's Sovereign Guarantees Initiative Committee signed a Memorandum of Understanding (MoU) with UK Export Finance (UKEF) to enhance economic collaboration. The MoU, signed by Mohammed Sahib Al-Darraji, Head of the Initiative Committee and Advisor to the Prime Minister, and Adam Harris, Director […]
By John Lee. UK Export Finance (UKEF), the UK's export credit agency, has announced that it has secured £226 million [$285 million] in financing for the Iraqi government to develop over 350 kilometers of drainage infrastructure as well as 15 kilometers of stormwater and wastewater lifting stations near Hillah city. Upon completion, the project is […]
By John Lee. In an effort to address the water scarcity crisis and expedite the implementation of a seawater desalination plant project in Basra province, the Iraqi Cabinet has made the following decisions: Amendment to Previous Decision: The Cabinet has revised the resolution made in 2021 under Cabinet Decision No. 315. Project Transfer: The Ministry […]
By John Lee. UK Export Finance (UKEF), the UK's export credit agency, has said it sees "huge opportunity in Iraq". Speaking at the Iraq Britain Business Council's (IBBC) Spring Conference in London recently, Tim Palmer, Head of Renewables and Transition at UKEF, said: "As of today, we have about $1.5 billion worth of risk capacity […]
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 […]
