By John Lee. Aggreko plc, the Scottish-based supplier of temporary power generation equipment, has won a significant order in Iraq during the first half of this year. In its results for the six months ended 30th June 2020, the company said: "Order intake [in its Power Solutions Utility division] was 237 MW (2019: 245 MW), […]
Tag Archives | United Kingdom
Second former Unaoil Executive Sentenced for Bribery
Second former Unaoil executive sentenced for bribery in post-occupation Iraq Stephen Whiteley, Unaoil's former territory manager for Iraq, has today become the second Unaoil executive to be sentenced for paying over $500,000 in bribes to secure a $55m contract to supply offshore mooring buoys. He was sentenced by HHJ Beddoe to 3 years' imprisonment. This […]
Tags: c, Corruption, featured, fraud, mn, Monaco, Serious Fraud Office, SFO, South Oil Company (SOC), Unaoil, United Kingdom
Fmr Unaoil Exec Jailed for Iraq Bribery
Ziad Akle, Unaoil's territory manager for Iraq, has been sentenced to five years' imprisonment for paying over $500,000 in bribes to secure a $55m contract to supply offshore mooring buoys. The new buoys formed part of the post-occupation Iraqi government's "Master Plan" to rebuild Iraq's oil industry and thereby expand the country's oil export capacity. […]
Webinar: Opportunities and Challenges for Diversification in Iraq
Iraq Business News would like to recommend an excellent and informative webinar from the Iraq Britain Business Council (IBBC)'s Young Executives Network (YEN), featuring a discussion with Ali Al-Saffar, the Middle East and North Africa Program Manager at the International Energy Agency (IEA) in Paris. Ali shared his insights on "The importance of oil and […]
Tags: Ali Al-Saffar, featured, International Energy Agency (IEA), Iraq Britain Business Council (IBBC), mn, United Kingdom
Iraq Corruption Case: Former Oil Execs Convicted
By John Lee. The UK's Serious Fraud Office (SFO) has secured convictions against two former oil executives who conspired to give corrupt payments to secure contracts in Iraq. A jury at Southwark Crown Court found Ziad Akle guilty on two counts and Stephen Whiteley guilty on one count of conspiracy to give corrupt payments. The […]
Tags: Corruption, featured, fraud, mn, Monaco, SBM Offshore, Serious Fraud Office, SFO, Single Point Moorings, South Oil Company (SOC), Unaoil, United Kingdom
IBBC Executive Cmte Meeting and Council Mtg
The Iraq Britain Business Council (IBBC) held its biannual council meeting on Wednesday 8 July. The meeting was chaired by Bob Phillips (Mott MacDonald), member of IBBC's Executive Committee and was attended by over 30 IBBC member company's representatives. Following a discussion of the present situation in Iraq and the UK, led by IBBC's President Baroness […]
Tags: Baroness Nicholson, featured, Iraq Britain Business Council (IBBC), mn, Mott MacDonald, United Kingdom
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 […]
IBBC, World Bank introduce Free Training for Iraqi SMEs
By Editor on 25th June 2020 in Iraq Education and Training News, Iraq Industry & Trade News, Iraq Oil & Gas News, Iraqi Communications News
You are invited to help IBBC and World Bank to introduce Iraqi SME's to FREE business training courses WHEN: 29th June, 6pm to 8pm Iraq time Please share this free business training initiative and the course registration with any SME in your network, however small, and encourage them to sign up. Arabic version for sharing with […]
Tags: coronavirus, covid19, featured, Iraq Britain Business Council (IBBC), micro- small- and medium-sized enterprises, mn, MSMEs, SMEs, United Kingdom, World Bank
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
IBBC Young Executives Network holds Webinar
The Iraq Britain Business Council (IBBC)'s Young Executives Network held a Webinar on Wednesday highlighting the effects of COVID 19 and how the YEN can offer to support their members during this difficult period. On the Panel was Mr Sammy Sharifi Co Chair of IBBC YEN, Ms Layla Al-Hassani of BP & Co Chair of […]
Tags: coronavirus, covid19, featured, IBBC Young Executive Network, Iraq Britain Business Council (IBBC), mn, United Kingdom
Experts Discuss IBBC's 'Iraq 2020: a Country at the Crossroads'
IBBC Advisory Council's discussion goes public on the white paper 'Iraq 2020: a country at the crossroads.' Today over 300 people signed up the IBBC Advisory Council's public discussion on the white paper - Iraq 2020: a country at the crossroads, sponsored by Iraq Business News ( IBBC media partner) and in conjunction with Chatham House […]
Tags: Ahmed Tabaqchali, American University of Iraq Sulaimani (AUIS), CCC, Chatham House, featured, Institute for International and Regional Studies (IRIS), Iraq Britain Business Council (IBBC), Lehigh University, Leicester University, mn, Professor Frank Gunter, Renad Mansour, United Kingdom, University of Leicester
Zoom Invitation: Iraq 2020, a Country at the Crossroads
By Editor on 11th June 2020 in Investment, Iraq Industry & Trade News, Iraq Oil & Gas News, Politics
You are invited to hear a discussion of the IBBC Advisory Council's paper on 'Iraq 2020, a country at the crossroads' When: Monday 15th June at 2pm UK Where: Zoom Platform The paper published for the new Iraqi Government recommends a number of decisive changes to be implemented without delay, in order for Iraq to be […]
Tags: Ahmed Tabaqchali, American University of Iraq Sulaimani (AUIS), CCC, Chatham House, featured, Institute for International and Regional Studies (IRIS), Iraq Britain Business Council (IBBC), Lehigh University, Leicester University, mn, Professor Frank Gunter, Renad Mansour, United Kingdom, University of Leicester