By John Lee. The Kurdistan Regional Government (KRG) has issued a statement following its arbitration win in a dispute with Genel Energy. Genel announced last week that a British court had dismissed its claim for damages from KRG for loss of Genel's rights to develop the Bina Bawi and Miran fields in Iraqi Kurdistan. According […]
From the Iraq Britain Business Council (IBBC). IBBC Women's group gears up at Dubai Conference to discuss 'How education empowers women and the Iraqi economy' The IBBC women's group is convening at the Dubai conference on 12/13th December, to focus on how educating women benefits the Iraqi economy. Representatives of Ministry of Higer Education, SABIS […]
The Iraq Britain Business Council (IBBC) has published its Advisory Council report on the Ease of Doing Business in Iraq. The report outlines the challenges businesses face and provides actionable recommendations for the Iraqi government to foster a more business-friendly environment. The full report is now available on the IBBC website here. According to data […]
By John Lee. The Iraqi Ministry of Communications has signed an agreement with UK's Vodafone to establish a new 5G telecommunications network fully owned by Iraq. The agreement outlines Vodafone's role in preparing the network for launch, providing expertise in network design, commercial strategies, and business growth planning. A memorandum of understanding was also signed […]
By John Lee. UK-based Fulkrum, which describes itself as "a leading inspection, expediting, auditing and technical staffing service provider," has reportedly won a multi-million-dollar contract to provide surveillance services for a major gas hub development project in Iraq. According to a report from Oilfield Technology, the company has also registered a new entity in Basra […]
By John Lee. Genel Energy has announced that a British court has dismissed its claim for damages from the Kurdistan Regional Government (KRG) for loss of Genel's rights to develop the Bina Bawi and Miran fields in Iraqi Kurdistan. In a statement made after the close of trading in London on Monday, the company said […]
By John Lee. The British Home Secretary has signed a joint statement with Iraq to tackle people smuggling and organised crime networks operating across the region and in Europe. During a 3-day official visit to Iraq, Yvette Cooper spoke to ministers from the Federal Government of Iraq and met ministers in the Kurdistan Regional Government […]
By John Lee. British oil major BP aims to finalise an agreement to develop Iraq's Kirkuk oil field by February, CEO Murray Auchincloss (pictured) announced at the Energy Intelligence Forum. The memorandum of understanding (MOU) signed in August with Iraq's Oil Minister covers redeveloping the 20-billion-barrel field and adjacent sites, including gas, solar, and exploration […]
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced the Cabinet's approval of British multinational Vodafone as the operator for the national 5G mobile licence. The decision follows recommendations from the Ministry's negotiation team. The Ministry will formally notify Vodafone to begin negotiations on a memorandum of understanding, outlining preparatory steps for project […]
From the Iraq Britain Business Council (IBBC): IBBC education conference to address Iraq's higher education strategy in skills and training. Education is becoming a significant topic in Iraq as the economy diversifies and expands, the country modernises and raises its economic ambitions and realises the potential of its growing youth population. Demography is driving the […]
By John Lee. Mr Irfan Siddiq OBE has been appointed as the United Kingdom's Ambassador to the Republic of Iraq in succession to Mr Stephen Hitchen who will be transferring to another Diplomatic Service appointment. Mr Siddiq will take up his appointment during March 2025. He is currently British High Commissioner to Cyprus, and has […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting focused on the reform of Iraq's banking sector, particularly Rafidain Bank, with representatives from Ernst & Young (EY) presenting recommendations. Key proposals included updating the bank's legal status, capital structure, and strategy to align with global banking standards. The recommendations will be submitted […]
