By John Lee. Prime Minister Mohammed Shia' Al-Sudani inaugurated the National Data Center at the General Secretariat of the Cabinet, marking a significant stride in Iraq's digital evolution. Al-Sudani inspected the progress of the first phase of the center's development, which incorporates smart screens and models depicting stages of the National Cloud Facility installation. This […]
The establishment of AAA Holding Group's new fertiliser plant in Basra has been one of the most significant investments in Iraq in recent years, helping to diversify the country's industry away from oil. With a major new expansion now underway, Iraq Business News interviewed the company's CEO, Amet Selman, about his vision for the business. […]
From the Iraq Britain Business Council (IBBC): The Sardar Group, led by Mr Sardar Al Bebany, have developed a ground-breaking training and development initiative partnership with the AMAR Foundation to provide business skills, English language, and IT training to Yazidi choir IDPs. (IDP's are Internally Displaced People in a country- such as the Yazidis). The […]
By John Lee. A British court has supported a decision by the trustees of a pension scheme to petition to have the scheme's sponsoring employers, Biwater, wound up. The decision could lead to the potential liquidation of Biwater, which has projects in Basra, and in Iraqi Kurdistan. As at 19th May 2023, Biwater owed the […]
By John Lee. In an effort to address the water scarcity crisis and expedite the implementation of a seawater desalination plant project in Basra province, the Iraqi Cabinet has made the following decisions: Amendment to Previous Decision: The Cabinet has revised the resolution made in 2021 under Cabinet Decision No. 315. Project Transfer: The Ministry […]
By John Lee. Defaf Al Khaleej Security Services (DAK) has joined the Iraq Britain Business Council (IBBC). Mr Rafid Al Jasim, Chairman of Defaf Al Khaleej Security Services (DAK), expressed his enthusiasm about the partnership, stating: "We are truly delighted to become a part of the esteemed Iraq British Business Council (IBBC). We truly value […]
By John Lee. AAA Holding Group (AHG) has announced a doubling of capacity at its fertilizer plant at Khor al Zubair, in Basra governorate. The new line, producing di-ammonium phosphate (DAP) fertilizer, will have a capacity of 500,000 tons per year, bringing total production at the plant to one million tons annually. Amet Selman, CEO […]
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 £1.2 billion [$1.5 billion] in the four quarters to the end of Q4 2022, an increase of 57.3% or £432 million in current prices from the four […]
By John Lee. Mr. Mohammed Jaafar Al-Sadr, the Iraq Ambassador to London, received Mr. Amet Selman, CEO of AAA Holding Group (AHG) and an investor in the phosphate fertilizer plant in Basra on Monday. During the meeting, Mr. Selman briefed the Ambassador about the company's activities in Iraq, particularly their partnership with the Ministry of […]
By John Lee. The British Embassy in Baghdad has announced funding for projects to promote and protect human rights in Iraq. Under the Magna Carta Fund, the UK will make £70,000 ($92,000) available to projects that include action-oriented ideas which will bring about concrete outcomes. According to a statement from the Embassy: "In particular, we […]
By John Lee. The British Embassy in Baghdad has announced funding for projects to improve freedom of religion and belief in Iraq. Under the John Bunyan Fund, the UK will make £30,000 ($39,000) available to projects that include action-oriented ideas which will bring about concrete outcomes. According to a statement from the Embassy: "In particular, […]
By John Lee. UK Export Finance (UKEF), the UK's export credit agency, has said it sees "huge opportunity in Iraq". Speaking at the Iraq Britain Business Council's (IBBC) Spring Conference in London recently, Tim Palmer, Head of Renewables and Transition at UKEF, said: "As of today, we have about $1.5 billion worth of risk capacity […]
