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 Julianne Geiger for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Back in Iraq: BP Puts $25B On the Table BP is about to make a big bet on Iraq -- again. After years of false starts, geopolitical chaos, and stalled negotiations, […]
By Shahriar Sheikhlar for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. BP's High-Stakes Return to Kirkuk BP's reemergence in Kirkuk could present significant challenges to both the oil company and Al-Sudani's belief in the future of the country's political environment. The coming […]
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 […]
From the Iraq Britain Business Council (IBBC): IBBC hosts UK's Middle East Minister at AGM dinner in House of Lords Baroness Nicholson hosted a well-attended IBBC AGM dinner with The UK Government Under-Secretary for the Middle East Mr Hamish Falconer MP and former Foreign Secretary Mr James Cleverly MP and Dr Ahmed Khalil deputy Iraqi Ambassador, as speakers. Mr Falconer offered a wide-ranging discussion […]
From the Iraq Britain Business Council (IBBC): How Iraq is delivering innovation through its leading businesses Iraq is stable, its economy is expanding and diversifying to meet the needs of the people. IBBC have been asked by the Iraq Prime Minster, Mr Al Sudani, to hold a Baghdad conference on Innovation. Following a successful visit […]
By John Lee. The Iraqi Foreign Ministry has welcomed the United Kingdom's decision to downgrade Iraq's security classification, citing it as a key achievement reflecting improved security conditions and the government's efforts to promote stability. The change is expected to facilitate British companies' entry into the Iraqi market and reduce insurance costs for travel and […]
By John Lee. Baghdad's Al Sadeq Group has delivered seven JCB 455ZX wheel loaders to Iraq, the first introduction of this model to the Iraqi market, according to a report from Plant and Equipment News. UK-based JCB announced in 2022 that it has signed a partnership agreement with Khair Al-Wady Al-Athim (KAW), part of the […]
By John Lee. Prime Minister Mohammed S. Al-Sudani participated this week in a financial forum held in London during his official visit to the United Kingdom. The event brought together major British financial institutions, representatives of the Iraqi private sector, and government officials from both nations. In his remarks, Prime Minister Al-Sudani emphasized the strategic […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met representatives of US-based UGT Renewables in London this week. The meeting included a presentation on the company's key projects, which span more than thirty countries worldwide, and explored potential cooperation with Iraq in its field of expertise. The Prime Minister highlighted the government's interest in investing […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has met a delegation from the European Bank for Reconstruction and Development (EBRD), headed by the bank's President, Ms. Odile Renaud-Basso. The Prime Minister expressed his appreciation for the bank members' approval of Iraq's accession in October of last year. He highlighted the importance of partnership with […]
