• LATEST NEWS: Iraqi Musician Naseer Shamma named UNESCO artist for peace.
    • LATEST NEWS: Germany offers 500 million Euro credit to Iraq to aid reconstruction
    • LATEST NEWS: Baghdad museum to showcase artefacts at the Venice Biennale, Italy
    • LATEST NEWS: The seventh exhibition and conference of Karbala for the Economy, Construction and Investment between 30/04/17 - 02/05/17
    • LATEST NEWS: Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability
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News category archive: Uncategorized

  1. BP to help Iraq boost Oil flow by increasing production at northern Iraq’s Kirkuk fields.

    IBBC member BP Plc agreed to help increase crude production at northern Iraq’s Kirkuk fields as the government pushes to restore output and exporting capacity. Iraqi and BP officials signed an agreement in Kirkuk city on Thursday to study ways of boosting capacity at the fields to 700,000 to 750,000 barrels a day. The deposits, Read More…

  2. EU strategy on Iraq: new proposal to strengthen support to the Iraqi people

    Today, the High Representative of the Union for Foreign Affairs and Security Policy and the European Commission adopted a Joint Communication proposing an EU strategy for Iraq in order to address the many challenges the country faces following the territorial defeat of Da’esh. The proposal outlines both ongoing and longer term EU support to the Read More…

  3. IBBC holds Christmas Party for Members and Guests.

    For a second year the IBBC and AMAR Foundation hosted a joint Christmas Party in their offices at Westminster Tower on Wednesday 13 December 2017. To celebrate a very positive year for IBBC and its members, Eng. Rasmi Al Jabri, Deputy Chairman of IBBC and Christophe Michels, Managing Director, IBBC welcomed more than 70 members, Read More…

  4. IBBC are delighted to announce that one of Iraq’s most significant companies, Albilal Group, have joined the trade organization as members

    Not only is Albilal a major EPC to many IOC’s in Iraq, but also to the ministries of Electricity, Oil & Gas, Water and Infrastructure. ABG was established since 1993 with main offices in Iraq and branch offices in UAE, Jordan and Egypt. As a $309m turnover company, they are now one of the most trusted and Read More…

  5. IBBC members thanked at AMAR Foundation’s 25 year celebrations at Lancaster House with His Royal Highness The Prince of Wales

    Many of Iraq’s most eminent business people flew to London to celebrate 25 years of charitable work in Iraq by the AMAR Foundation on Wednesday 13th December at Lancaster House. The principal guest was AMAR’s Patron His Royal Highness The Prince of Wales, who praised the work and support given by IBBC and its Members Read More…

  6. Doing Business 2018, a World Bank Report: Recent Reforms in Iraq Pave the Way for More Progress Going Forward

    The newly released Doing Business Report 2018 titled Reforming to Create Jobs finds that Iraq has implemented in 2016/17 substantive changes in the local regulatory framework in two main areas: Starting a Business and Getting credit. In fact, starting a business in Iraq has become easier by combining multiple registration procedures and reducing the time to register Read More…

  7. IBBC Non-Executive President, Baroness Nicholson, leads debate on DIFD Economic Strategy in the House of Lords, 27 November 2017.

    Baroness Nicholson of Winterbourne, Non-Executive President of the Iraq Britain Business Council, leads debate on the Department for International Development’s Economic Development Strategy in the House of Lords on 27 November 2017: “My Lords, it is an honour to initiate this important debate because it marks a significant change in the Department for International Development’s Read More…

  8. Ministry of Electricity and GE Sign $400 Million Contract to Build 14 Electric Substations

    The Iraqi Ministry of Electricity (MoE) has signed an agreement worth over $400 million with GE Power (NYSE: GE) to develop 14 electric substations on a turnkey basis and supply critical equipment such as transformers, circuit breakers and other outdoor equipment to rehabilitate existing substations and bring much-needed power to areas facing significant electricity shortages Read More…

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