By John Lee. Antigua's opposition is planning to stage a public rally against government plans to establish an embassy in Iraq, and to allow Iraqis to become citizens under the Citizenship by Investment Programme (CIP). Under the CIP programme, foreign individuals can effectively buy citizenship, which allows them access to the European Union via the […]
By John Lee. Prime Minister Haider al-Abaid has called for an investigation into allegations of bribery in the Iraqi oil industry. Iraq's ambassador to the United States, Lukman Faily, has also said that al-Abadi will personally chair a new committee to review all major contracts issued by government ministries. The moves follow reports from the […]
By John Lee. Iraq's Ministry of Oil quotes a report by Rystad Energy as saying that Iraq has the world's third-lowest-cost crude oil. Kuwait came in lowest at $8.50 per barrel, with Saudi Arabia at $9.90, followed by Iraq at $10.70. Fourth place went to UAE at $12.30, and Iran took fifth place with $12.60. […]
Twenty-eight technicians from Shell Iraq will call North East England home for the next 16 weeks as they complete a specialist training programme at Middlesbrough-based TTE Technical Training Group. The trainees, who will be accompanied by a supervisor from Shell, are a mix of electrical, instrumentation and process professionals, who are completing an upskilling course, […]
By John Lee. The Czech defense minister, Martin Stropnicky, says he is planning to send about 30 instructors and military technicians to Iraq to train pilots for Czech-made planes. The Czech Republic agreed to sell 15 Czech-made Aero Vodochody L-159 light combat planes to Iraq last year, but according to a report from Associated Press the deal […]
UK-based financial software company Misys announced today that it has been selected by Trade Bank of Iraq (TBI) as a strategic partner to assist the bank in upgrading to a next generation digital platform in order to gain a competitive edge in Iraq’s growing banking industry. Hamdiyah Mahmood Faraj Al-Jaff, Chairman, Trade Bank of Iraq […]
A delegation of 20 Kurdish officials and businessmen, in London for the Iraq Britain Business Councils (IBBC)'s London Business Forum, visited the University of Wolverhampton last week to exchange ideas and explore partnerships with businesses in the West Midlands and the university itself. Dr Dara Jalil Khayat, President of Kurdistan Federation of Chambers of Commerce […]
KRG Ministers and officials participated on Wednesday at the Iraq Britain Business Council (IBBC) London Business Forum on United Kingdom - Kurdistan Region of Iraq: Business Opportunities and Knowledge Transfer. The forum was organised by IBBC in collaboration with the Kurdistan Federation of Chambers of Commerce, and sponsored by Genel Energy and UB Group. The […]
The Iraq Britain Business Council (IBBC) in conjunction with the Federation of Chambers of Commerce in the Kurdistan Region of Iraq are hosting a one-day London Business Forum to exchange information on business opportunities in Kurdistan and the United Kingdom. The event will be held on the 20th January 2016 at The English-Speaking Union, Dartmouth […]
Senior KRG officials on Sunday discussed economic reform plans of the government and bilateral ties with Baroness Emma Nicholson, UK Prime Minister's Trade Envoy for Iraq. The meeting was chaired by Minister Falah Mustafa, and he was joined by Dr. Ali Sindi Minister of Planing, Nawroz Mawlod Minister of Municipality and Tourism, Mawlod Bawa Murad […]
By John Lee. Dana Gas has announced that the London Court of International Arbitration (LCIA) has ordered the Kurdistan Regional Government (KRG) to pay $1.98 billion to a consortium that it leads. In a statement to the Abu Dhabi stock exchange, the Sharjah-based company claims that the judgement is final, binding and internationally enforceable, and […]
The UK's High Court has ordered the Kurdistan Regional Government (KRG) to pay a consortium led by Dana Gas $100 million within 14 days. In a statement, the KRG's Ministry of Natural Resources said: “The Court’s decision does not relate to the substantive merits of the claims and counterclaims in the on-going arbitration between the […]
