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 […]

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 […]

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 […]

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 […]

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

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 […]

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 […]

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 […]