By John Lee. Iraq's Cabinet has revised an earlier decision to merge its Agricultural, Industrial and Real Estate Banks. At the start of 2024, the Cabinet approved a contract with UK-based professional services firm Ernst & Young (EY) to study the merger of Industrial Bank, Real Estate Bank, and Agricultural Bank [Agricultural Cooperative Bank?] into […]
From the Iraq Britain Business Council (IBBC): British International University in Iraq Opens New Campus in Erbil The new British International University in Iraq, a project between IBBC members London University, GEMS, and CISQ, was officially opened by the Prime Minister of the KRG, Mr. Masrour Barzani, on Saturday, 7th September. The event was attended […]
On Tuesday, 3 September 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with a delegation from the United Kingdom led by Oliver Christian, His Majesty's Trade Commissioner for the Middle East and Pakistan, and His Majesty's Consul General to Dubai. The meeting was also attended by Andrew Bizley, the UK Consul […]
By John Lee. R.M Team FZE has won a contract with the United Nations Office for Project Services (UNOPS) to act as a "Third Party Monitoring Agent" in Iraq. The annoucement from the UN gave no further details, but stated a contract value of $279,277. Registered in UK, and with an apparently significant presence in […]
By John Lee. An advisor to the Iraqi Prime Minister has reportedly said that international pharmaceutical and healthcare companies are keen to set up factories in Iraq. State-run Iraqi News Agency (INA) quotes Hammoudi Al-Lami as saying that UK-based AstraZeneca held a meeting a month ago with a view to entering the Iraqi market, "either […]
By John Lee. UK-based Hydro-C has won a contract to design and supply a solar power plant for Basra Oil Company (BOC) at Iraq's Majnoon oil field. The plant will be supplied from the UK and installed in Iraq. According to a statement from the Iraq Britain Business Council (IBBC), of which Hydro-C is a […]
By Alex Kimani for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. BP To Develop Iraq's Kirkuk Oil Fields On Profit-Sharing Model British oil and gas giant BP Plc (NYSE:BP) will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing […]
The UK's Chevening Scholarships programme is open for applications until 5th November 2024, at 12:00 (GMT). Chevening is the UK government's international scholarships programme. Funded by the Foreign, Commonwealth and Development Office and partner organisations, it offer awards to study in the UK for one year on a fully funded master's degree course. Successful Chevening […]
By John Lee. The UK's Department for Business and Trade has said that total trade in goods and services (exports plus imports) between the UK and Iraq was £1.1 billion in the four quarters to the end of Q1 2024, an increase of 14.2% or £140 million in current prices from the four quarters to […]
By John Lee. UK-based oil major BP has said that negotiations regarding an integrated redevelopment programme for the Kirkuk region are expected to be complete early in 2025. The non-binding agreement, signed on Thursday, involves the rehabilitation and development of four oil fields in Kirkuk. It also proposes to explore opportunities for investment in power […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani oversaw the signing of a comprehensive memorandum of understanding between Iraq's Ministry of Oil and BP to rehabilitate and develop four oil fields in Kirkuk. The Minister of Oil, Hayan Abdul Ghani, and BP's CEO, Murray Auchincloss, signed the agreement. The memorandum includes the rehabilitation […]
From the Iraq Britain Business Council (IBBC): Dr Luay Al- Khateeb is joining IBBCs advisory council and brings his energy expertise to the council. As a long-standing friend of IBBC Dr Luay has chaired energy panels at IBBC major conferences. As an independent Iraqi politician he was the former Electricity Minister and member of the Federal Energy […]
