Tech Forum at the IBBC Dubai Conference

The Iraq Britain Business Council (IBBC) is delighted to be holding a Tech forum within the main Conference at Address Hotel in Dubai on December 8th.

Principal among the speakers are Mr Yassin Bhija of GE Healthcare and Mr Uwe Bork of Siemens Healthcare who are driving the healthtech panel – exploring the hot topic of ‘How best to Develop primary and general healthcare in Iraq.’

Iraq has structural and tactical issues in providing universal healthcare at all levels of delivery and in all locations and classes. The two leading healthcare companies will discuss how tech solutions in general can address the issue and how their particular capabilities contribute to the general provision of healthcare.

Following on the Education Tech panel, will be discussing ‘The importance of Digital literacy in Iraq’, led by Google’s Mr Martin Roeke, Dr Victoria Lindsay of the British Council and Mr Timothy Fisher CEO of Stirling Education.

The Forum is sponsored by Innovest Middle East, an investment company that invests in startups during their scaling up stage in key markets in the Middle East region. With representations in Lebanon, Dubai, KSA, and Iraq, Innovest Middle East has played a key role in driving the startup ecosystem through direct investments as well as through supporting incubation and acceleration platforms collaboration with governmental and international bodies. In Iraq, Innovest Middle East launched IRAQPRENEURS in 2018, in collaboration with the World Bank, Central Bank of Iraq and leading private organizations, which grew to become one of the leading nationwide entrepreneurship empowerment platform in Iraq.

Mr Bassam Falah, CEO of Innovest will be addressing the delegates on the progress in support of the Iraqi start up ecology.

More speakers are expected to confirm.

For more information and to register, please contact london@webuildiraq.org.

(Source: IBBC)

Conference: Find Out What’s Happening in Iraqi Business

From Peace to prosperity:

The Conference to find out what’s happening for Iraq business.

The Iraq Britain Business Council (IBBC) Autumn Conference in Dubai on December 8th is set against a backdrop of relative peace and security in Iraq, and the prospect of oil revenues surging through the economy is driving a wider range of business opportunities and a prospective 8% increase in GDP.

Peace is enabling the economy to diversify through the revenues that pay for a range of infrastructure projects. So this Autumn we are focusing on a range of sectors set to benefit from a stable Iraq: namely, Water, Transport and Logistics, Energy and Tech.

The recent protests have also spurred on Government reforms and incentives to drive employment, entrepreneurship and service diversity, and increase the volume of opportunity that lies ahead and the prospects for not just business-to-business but also a burgeoning consumer market.

The Iraqi Electricity Minister will likely be speaking about his reforms to open up the market to SME’s, training and new players. Other ministers including those from Construction and Transport are attending.

The recent announcement of a 10year tax-free period for SMEs in Iraq will also stimulate the Tech entrepreneur market and drive the uptake of engineering skills.

At this conference, we will discuss big-picture economics with Professor Frank Gunter (Lehigh University), Ahmed Tabaqchali (AFC Iraq Fund), and Simon Penny (UK Trade & Investment), who will address the economic backdrop in the Middle East, and the context for Iraq in particular.

The World Bank and Wood Plc will cover the water sector, while Rolls Royce, Basra Gateway Terminal (BGT), and Menzies will look at transport and logistics, and Iraq’s Electricity Minister, GE, Siemens and Enka will focus on energy.

Alongside the conference our Tech Forum brings experts on HealthTech and Educational Tech, including speakers from GE, Siemens Healthcare, KPMG, EY, Google and the British Council, among others.

While key opportunities will be outlined, the real opportunity for business is to meet the people directly involved in contracts and supply-chain opportunities. This is the place to do business, to network and to find out what’s happening in the Middle East’s most potentially dynamic market that is Iraq.

For further information and to find the latest updates on speakers – more are expected – please contact  london@webuildiraq.org or visit the website to register for tickets.

https://iraqbritainbusiness.org/event/autumn-conference-at-the-address-hotel-dubai

The year it’s all on the up…

Iraq turns to BP, Eni for Oil Export Pipeline

By John Lee.

Iraq is reported to be close to reaching a deal with BP and Eni for an export pipeline project.

Al Jazeera quotes senior Iraqi oil officials as saying that the project was initially planned as part of a “megadeal” with ExxonMobil.

They said that under the proposed $400-million agreement, BP and Eni would build two seabed oil pipelines for Iraq’s southern exports through the Gulf.

(Source: Al Jazeera)

UK Firm to study Iraq/Kuwait Shared Oilfields

By John Lee.

Iraq and Kuwait have selected British energy advisory firm ERC Equipoise (ERCE) to prepare a study on the development of shared border oilfields.

Ministry spokesman Assem Jihad said a contract would be concluded in the coming days with the company, which was chosen from a list of four candidates.

ERCE is a specialist in oil and gas reservoir evaluation.

The study will include the reservoirs of Ratqa/Rumaila and Safwan-Abdali.

(Source: Ministry of Oil)

Former Unaoil Exec pleads Guilty to Iraq Corruption

Former Unaoil executive pleads guilty to conspiracy to give corrupt payments

Basil Al Jarah, Unaoil’s former partner in Iraq, pleaded guilty on 15 July 2019 to five offences of conspiracy to give corrupt payments in connection with the UK Serious Fraud Office (SFO)’s investigation into Unaoil.

The offences relate to the award of contracts to supply and install single point moorings and oil pipelines in southern Iraq. A court order restricting reporting of the plea was lifted today.

In the same investigation, Ziad Akle, Paul Bond and Stephen Whiteley have been charged with conspiracy to make corrupt payments. A trial is scheduled to begin on 13 January 2020 at Southwark Crown Court.

(Source: UK Serious Fraud Office)

IBBC hosts Members’ Retreat at Cumberland Lodge

This weekend, the Iraq Britain Business Council (IBBC) hosted its annual members’ retreat at Cumberland Lodge, Windsor Park, which was generously sponsored by Al Burhan Group.

As with previous years, it was very well attended by over seventy delegates, and allowed our members to mingle and network with representatives of other businesses, civil servants, and Iraqi government dignitaries.

Speakers and organisations represented included:

  • Dr Falah Al Amiri, Advisor to the Ministry of Oil, Government of Iraq
  • Dr Hameed Ahmed, Deputy Higher Education Minister
  • Eng. Dara Rasheed, Deputy Minister of Housing, Construction & Municipalities
  • Jon Wilks CMG, HM Ambassador to Iraq
  • Beverley Simpson, Director, Department of International Trade (DIT) in Iraq
  • Dr Victoria Lindsay, Director, British Council, Iraq
  • Emma Sky, Director, Greenberg World Fellows Program, Yale University
  • Nicolas Pelham, The Economist
  • Professor Toby Dodge, London School of Economics
  • Dr Renad Mansour, Chatham House
  • Al Burhan Group
  • Basra Gateway Terminal
  • Bath Spa University
  • BP
  • Chevron
  • Constellis
  • ExxonMobil
  • Financial Times
  • G4S
  • KBR
  • Management Partners
  • Mosul University
  • OiLSERV Kuwait
  • Petrofac
  • Rolls-Royce
  • Serco
  • Shire Oak International
  • Stirling Education
  • Tube Tech International
  • TurnKey LLC
  • University of Dundee
  • University of Liverpool
  • University of Northampton
  • University of Northampton
  • University of Sheffield
  • Wood Plc

Sessions included discussions and panels on the state of Iraq, contemporary Middle Eastern politics, meetings for our various sector tables (including oil and gas, and construction and infrastructure), economic development strategies for Iraq, and how higher education partnerships could be developed between the UK and Iraq. A biannual council meeting for representatives of our member organisations was also held.

Christophe Michels, Managing Director of the IBBC was happy with how the weekend went:

“As in previous years the Retreat has attracted some of the finest minds from business, academia, politics, media and diplomacy working on Iraq to conduct truly meaningful and intimate discussions”.

Baroness Emma Nicholson, President of the IBBC and the Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Kazakhstan and Turkmenistan said:

“IBBC has had a fantastically happy and hugely productive busy weekend. We call it a retreat, but I am not sure what it was a retreat from! People were working morning, noon, and night, and they were making great achievements, and huge strides in the various different table meetings…one of the best I can ever remember”.

For more information on the Iraq Britain Business Council, visit our website at https://www.iraqbritainbusiness.org/

(Source: IBBC)

Profits Up at Wood Group due to Iraq

By John Lee.

Shares in Wood Group closed Wednesday up 6.6 percent after the oilfield services group announced “significant growth” in profits in its pre-close trading update.

The Scottish-based company said it has benefitted from increased activity in the Middle East, particularly Iraq.

(Source: Wood Group)

Run Media City – Changing Lives in Iraq

Run Media City – the power of words can change lives in Iraq

On the 27th June 2019, Hussein Al-alak and Tracy Hollowood are taking part on the Run Media City 5K, to aid the ongoing work of the AMAR Foundation in Iraq.

This is the second time Hussein and Tracy have taken part on the 5K, around Salford’s Media City, and they are inviting you to support the AMAR Foundation.

Your support will assist AMAR’s efforts in health, education and much more! You can also help by introducing your friends, to the many incredible changes, which the AMAR Foundation are making across Iraq.

One positive change AMAR has made, is the School for Orphans which the Foundation built in Basra in 2016. Up to 30% of the school’s children have lost both parents, the school has modern facilities and it provides a broad curriculum, so children get the best start in life.

You can sponsor Hussein and Tracy – by donating £8.99 to the AMAR Foundation – which is the equivalent of one copy of On the Road, by US author Jack Kerouac.

As Iraqi’s are known for their love of great literature, you could also use John Steinbeck’s words to inspire Iraq’s future generations.

By donating the cost of your favourite book, you will be helping the AMAR Foundation to provide a high standard of education, to children and young people across Iraq.

(Source: Iraq Solidarity News)

Running to support AMAR Foundation

By John Lee.

On 27th June, Hussein Al-alak and Tracy Hollowood will run the Media City 5K in Salford, UK, in aid of the AMAR International Charitable Foundation‘s work in Iraq.

Last year, they were ‘classically civilised’ in fancy dress, but who will they be this year?

AMAR works to ensure that vulnerable families in Iraq have access to healthcare, educational services and emergency aid.

To support them, please donate to .

(Source: @TotallyHussein)

Iraq Britain Business Council welcomes 4 New Members

By John Lee.

The Iraq Britain Business Council (IBBC) has welcomed four new members, bringing its membership to 71 companies:

Crescent Petroleum: Sharjah-based Crescent Petroleum is the only foreign oil and gas company to maintain a continuous presence in Iraq for three decades, and is the largest private oil and gas investor in the Kurdistan Region of Iraq.

Sardar Trading Agencies (STA): One of the core companies of Sardar Group, with more than 50 years of experience in the Iraqi private business field, mainly in the automotive segment.

Stirling Education: The Luxembourg-based company is committed to providing excellent affordable education and pastoral care for students in Iraq. Across Iraq, they have around 17,000 students, 42 schools and two university campuses.

Tube Tech International: UK-based Tube Tech is a world leader in the removal of fouling from refinery, petrochemical and energy process assets.

(Source: IBBC)