The United Nations Development Programme (UNDP) is assisting the Government of Iraq (GoI) in its efforts on Security Sector Reform (SSR) through a well-established partnership with the Office of the National Security Advisor (ONSA). On 29 August, UNDP and ONSA co-chaired the first meeting between the Ministry of Interior (MoI) and international partners within the […]
By John Lee. Reuters reports that Baghdad has reached agreement with BP, Shell and Lukoil to restart stalled investment in Iraqi oil fields, allowing production to increase by 250,000-350,000 bpd in 2017. According to documents seen by Reuters, the three firms agreed to spend in the second half of 2016 roughly half the budgets they proposed […]
Royal Air Force (RAF) Tornado jets have participated in a major coalition air strike on Saddam’s former palace in Mosul, used by Daesh as a headquarters and training establishment for foreign terrorists. In Mosul, extensive surveillance had established that Daesh were using a palace, built by the former dictator Saddam Hussein, as a major headquarters […]
Japan's Marubeni-Itochu Steel has joined the Iraq Britain Business Council (IBBC). The company is a joint venture between Marubeni Corporation and Itochu Corporation, established in October 2010 when the two companies merged their respective steel divisions. Its Tubular Products Division, which operates under the name Marubeni-Itochu Tubulars, supplies tubular products for the energy sector; its […]
Scotland-based casing and completion tool specialist Deep Casing Tools has continued its Middle East expansion with a successful deployment of its unique drillable turbine technology in Iraq. The company’s 7” Turbocaser Express™ high-speed reaming system was deployed recently for a client who had experienced previous liner running issues. The Turbocaser Express™ reamed through multiple problematic […]
By John Lee. The UK's Serious Fraud Office (SFO) has announced that it is conducting a criminal investigation into Unaoil, the Monaco-based company that has been implicated in an international corruption scandal. A statement from the SFO called for information relating to the allegations: "The SFO is conducting a criminal investigation into the activities of […]
Iraqi Government, EU, IMF, UNAMI, and World Bank representatives participate at IBBC’s annual retreat in Windsor Dara Rasheed, Iraq’s acting Minister of Housing and Construction, Jan Kubis, Head of UNAMI and Special Representative of the United Nations for Iraq, Robert Bou Jaoude, World Bank’s Special Representative for Iraq, Patrick Simmonet, EU Ambassador to Iraq and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The long-awaited Chilcot Report, released earlier this week, found that the British decision to invade Iraq in 2003 was based on "flawed intelligence" and the invasion went "badly wrong". While the report stopped […]
By John Lee. The Chilcot Report into the Iraq War was finally published on Wednesday. The report covers the background to the decision to go to war, whether troops were properly prepared, how the conflict was conducted and what planning there was for its aftermath. Among the main findings are: That the UK chose to […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Seven years in the making in fact, the Chilcot report criticises Britain's involvement in the 2003 US-led invasion of Iraq. The inquiry into Britain's role finds the consequences of the decision to invade […]
Britain will increase its training support to Iraqi forces taking the fight to Daesh, the Defence Secretary has announced today. Expanding the significant capacity building mission already underway, the UK will send around 50 additional trainers to the Al Asad Airbase in Western Iraq to provide instruction on countering improvised explosive devices (c-IED), infantry skills […]
IBBC Forms Partnership With NOF Energy, Will Co-host Event In October A new partnership has been forged between the Iraq Britain Business Council (IBBC) and NOF Energy, a business development organisation for oil, gas, nuclear and offshore renewables sectors. IBBC will serve as one of the organisation’s 33 Global Partners and will promote the business […]
