Former Unaoil executive sentenced for paying bribes to win $1.7-billion worth of contracts Basil Al Jarah has today been sentenced to three years and four months' imprisonment for paying in excess of $17m in bribes to dishonestly secure approximately $1.7bn worth of contracts in post-occupation Iraq. Al Jarah, Unaoil's former Iraq partner, conspired with others […]
By John Lee. Scottish engineering company Weir Group has announced the sale of its Oil & Gas division to US-based Caterpillar Inc. The all-cash sale gives its Texas-based division an enterprise value of US$405m (£314m), subject to customary working capital and debt-like adjustments at closing. The move is part of Weir's strategy to become a […]
By John Lee. The Ambassador of Republic of Iraq in London, Mr. Muhammad Jaafar Al-Sadr, chaired a meeting with representatives of the British pharmaceutical group, AstraZeneca, which is a leading company in Coronavirus vaccine in cooperation with the University of Oxford in Britain, through video conference. The meeting discussed the possibility of Iraq obtaining adequate […]
The Iraq Britain Business Council (IBBC) hosted a virtual conference chaired by Prof. Mohammed Al-Uzri to inaugurate its newly launched network of Iraqi Alumni of UK universities. The conference was opened by Baroness Nicholson. The guest speaker, Dr. Hamid Ahmed, Deputy Minister of Iraq's Ministry of Higher Education and Scientific Research, confirmed the ministry's strong […]
Mr Haider Al Shamaa has been appointed as IBBC Member Representative in Iraq and to the IBBC Executive Committee. Mr Shamaa is the Chairman of the International Islamic Bank a long standing member and supporter of the IBBC. As the Member Representative of IBBC in Iraq he will lead our discussions with the Iraqi Chambers of […]
By Christophe Michels, Managing Director of the Iraq Britain Business Council (IBBC). Engineer Rasmi Al Jabri passed away suddenly yesterday on a walk outside his home in Erbil. He will be missed by his family, his tribe and his many friends, colleagues and admirers. Rasmi was born 1939 in the city of Qurnah in Southern Iraq, where […]
Applications for 2021/2022 Chevening Scholarships are now open until 12:00 (midday) GMT on 3 November 2020. Chevening is the UK Government's global scholarship programme that offers future leaders the unique opportunity to study in the UK. These scholarships are awarded to outstanding professionals from all over the world to pursue a one-year master's degree in […]
The Iraq Britain Business Council (IBBC) has announcd that Radiola Aerospace has joined as a new member. In a statement, the IBBC said: Having operated in Iraq since 2004, Radiola is well known in Iraq, and has been deeply involved in the provision of navigation and communication systems at Iraq's leading airports, as well as […]
By John Lee. Aggreko plc, the Scottish-based supplier of temporary power generation equipment, has won a significant order in Iraq during the first half of this year. In its results for the six months ended 30th June 2020, the company said: "Order intake [in its Power Solutions Utility division] was 237 MW (2019: 245 MW), […]
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 […]
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. [Update 10th Dec 2021: Akle's conviction was quashed by the Court of Appeal.] The new buoys formed part of the post-occupation Iraqi government's "Master Plan" […]
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 […]
