IFC, National Bank of Iraq Partner to Boost Access to Finance for SMEs, Create Jobs To support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related disruptions, the International Finance Corporation (IFC) has announced an investment for the National Bank of Iraq (NBI). IFC's $10 million […]
Following a successful investigation and conviction of four individuals for corruption at Unaoil, the UK's Serious Fraud Office (SFO) has recovered criminal gains of almost £100,000 from a former senior executive. The full amount must now be paid into the public purse within 28 days. Earlier this year, the SFO was praised by HM Crown […]
By John Lee. Italian energy company Eni S.p.A has signed an agreement with UniHouse to execute the Talented Iraqi Program. Under the scheme, high-caliber, talented Iraqi students will be placed in the UK to study for Bachelor of Medicine degrees. UniHouse will provide a full range of services, including preparation, exams, orientation, and in-country academic […]
By John Lee. Shares in Petrofac were trading up more than 7 percent on Monday, as the company was ordered to pay GBP 77 million [$105 million] after the UK's Serious Fraud Office (SFO) secured further convictions in its investigation into bribery and corruption at the Jersey-registered energy services company. On Friday, Petrofac Limited pleaded […]
IBBC Iraq Business Forum and the awarding of the Rasmi Al Jabri prize to Al Burhan Group The Iraq Britain Business Council (IBBC) hosted over 200 Iraqi SME's in Westminster Central Methodist Hall in London on Monday 27th September at the Business Forum event. The sessions were jointly chaired by Richard Cotton and Muhanad Alkhattab […]
IBBC holds Cumberland Lodge annual retreat programme: 'Iraq in perspective' For the first time in two years the Iraq Britain Business Council (IBBC) held its annual retreat programme at Cumberland Lodge in Windsor Great Park. The event was generously sponsored by IBBC Member Al Burhan Group. The morning sessions were fully attended by a range […]
By John Lee. Two companies have won contracts with the United Nations Office for Project Services (UNOPS) in Iraq: Wood Group UK Ltd: Web-based mapping applications development; Contract value $61,000 FieldWireLabs, Inc.: Construction Management Software Application; Contract value $14,700 (Source: UNGM)
By John Lee. Petrofac shares closed the day up more than 26 percent on Friday, after the company announced that it has reached a plea agreement with the UK Serious Fraud Office (SFO) in relation to bribery in Iraq, Saudi Arabia and the UAE. The Company indicated guilty pleas to seven counts of failing to […]
You are invited to attend the Iraq Business Forum on 27th September in Central Hall Westminster. Hear from IBBC members and British companies. Meet Iraqi businesses leaders interested to source products from the UK across multiple sectors. Enjoy one to one business meetings.
Come to The Iraq Business Forum, 27th September in Central London
By John Lee. The Iraqi cabinet has agreed to the authorization of a contract with a consortium of companies for a major seawater desalination project in Basra. A statement from the cabinet named the companies as Samsung, Makinasinayi (sic), Biwater, Wood Group and Al-Rida Group. The work will be based on a study submitted by […]
Iraq Britain Business Council (IBBC) member AA for Global Trading and Commercial Agencies has announced that it has started importing the products of Laboratoires Gilbert of France to Iraq, as per an agreement signed in 2020. Based in France's Normandy region, Laboratoires Gilbert manufactures and markets 30 brands and 1,900 references such as Physiodose, Physiolac, […]
