United Kingdom


Agents of Change: the Opportunity for Tech in Iraq

IBBC Tech Conference

Sunday 25 November

The Address, Dubai Marina

The Iraq Britain Business Council (IBBC) is bringing together the leading companies involved in Tech in Iraq to discuss the various strands of Tech and the evident possibilities for investment and engagement.

Interest in Tech in Iraq is rising rapidly, with a growing number of start-up hubs and University Entrepreneur Platforms, and especially within financial services as payments and transactions are increasingly automated.

IBBC wants to encourage development of the Tech sector in Iraq as a means to modernise the economy, provide new services for Business, Government and Consumer sectors, to support Education, Health, Finance and Energy sectors, and encourage jobs and activity for young people.

The Tech Conference will focus on three key areas of business opportunity:

  • The Start-up Economy
  • E-Government & Citizen
  • FinTech

Lead participants include Khudairi Group, Restrata Group, EY, Citi, Avaya, KRG Information Technology Department, Microsoft and SAP with more to be confirmed soon.

Register Here

Ashley Goodall of IBBC says:

“Tech industry is capable of rapid development, not only among young people, but also through investors and companies. We have witnessed London’s rise to be Europe’s lead tech destination in just 8 years and IBBC expect the opportunities in Iraq to take off similarly, as the country modernises and evolves educational and job opportunities for young people.”

IBBC is calling for more people and companies to invest into Iraq’ start-ups and to establish their businesses in the country. Attend our conference, free of charge, to hear about the unique opportunities on offer and the exciting new developments in the Tech Sector in Iraq.

The Tech Conference takes place in the Address Hotel, Dubai on Sunday 25th November from 2pm.

For more information please contact IBBC here –

https://www.iraqbritainbusinesscouncil.org/tech-conference

Media contact: Ashley.goodall@webuildiraq.org , London@webuildiraq.org

(Source: IBBC)

Agents of Change: the Opportunity for Tech in Iraq

IBBC Tech Conference

Sunday 25 November

The Address, Dubai Marina

The Iraq Britain Business Council (IBBC) is bringing together the leading companies involved in Tech in Iraq to discuss the various strands of Tech and the evident possibilities for investment and engagement.

Interest in Tech in Iraq is rising rapidly, with a growing number of start-up hubs and University Entrepreneur Platforms, and especially within financial services as payments and transactions are increasingly automated.

IBBC wants to encourage development of the Tech sector in Iraq as a means to modernise the economy, provide new services for Business, Government and Consumer sectors, to support Education, Health, Finance and Energy sectors, and encourage jobs and activity for young people.

The Tech Conference will focus on three key areas of business opportunity:

  • The Start-up Economy
  • E-Government & Citizen
  • FinTech

Lead participants include Khudairi Group, Restrata Group, EY, Citi, Avaya, KRG Information Technology Department, Microsoft and SAP with more to be confirmed soon.

Register Here

Ashley Goodall of IBBC says:

“Tech industry is capable of rapid development, not only among young people, but also through investors and companies. We have witnessed London’s rise to be Europe’s lead tech destination in just 8 years and IBBC expect the opportunities in Iraq to take off similarly, as the country modernises and evolves educational and job opportunities for young people.”

IBBC is calling for more people and companies to invest into Iraq’ start-ups and to establish their businesses in the country. Attend our conference, free of charge, to hear about the unique opportunities on offer and the exciting new developments in the Tech Sector in Iraq.

The Tech Conference takes place in the Address Hotel, Dubai on Sunday 25th November from 2pm.

For more information please contact IBBC here –

https://www.iraqbritainbusinesscouncil.org/tech-conference

Media contact: Ashley.goodall@webuildiraq.org , London@webuildiraq.org

(Source: IBBC)

Rebuilding & Reconstruction – Iraq – Delivering the Vision

 Rebuilding & Reconstruction

– Iraq –

Delivering the Vision

Register Now

IBBC returns to Dubai on 25 November with a full agenda of expert speakers to discuss the most important issues facing Iraq’s economy.

Baroness Nicholson of Winterbourne, President of IBBC and The Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Turkmenistan & Kazakhstan will open the conference, alongside H.E. Mr Abdullah Ahmed Al Saleh, Undersecretary of the UAE Ministry of Economy for Foreign Trade & Industry, H.E. Mr Bangen Abdullah Rekani, Iraq’s Minister for Housing, Reconstruction & Public Municipalities, Dr Mehdi Al Alak, Secretary General of the Council of Ministers, Michael Townshend the Regional President of BP Middle East and Jon Wilks CMG Her Majesty’s Ambassador to Iraq.

A delegation of high-profile Iraqi Governmental Officials will be in attendance including Dr Hamid Ahmed, Deputy Chairman of the Prime Minister’s Advisory Committee (PMAC), Dr Sabah Mushatat, Investment and Reconstruction Advisor of the Prime Minister, Mr Louay Al-Yassiri, Governor of Najaf, Mr Nawjad Hadi, Governor of Erbil, Dr Wijdan Salim, PMAC and Mr Abas Imran, Technical DG, Ministry of Transport. Delegates will have the opportunity to engage with the speakers in dynamic and concentrated debates during Roundtable Discussions. Further Iraqi officials are expected to confirm their attendance in the coming weeks.

Other confirmed speakers include Christopher M. Cantelmi, Principal – Infrastructure & Natural Resources – International Finance Corporation (World Bank) and Kareem K. Ismail, Resident Representative for Iraq and Yemen, International Monetary Fund (IMF). Additional expert speakers are drawn from the Department of International Trade, Shell, Rolls-Royce, Siemens, Serco, SKA International Group, Basrah Gateway Terminal, Khudairi Group, G4S, National Bank of Iraq, Management Partners, EY, AFC Iraq Fund, Chevron, Wood and more.

Download the Full Agenda

Conference sessions will focus on:

  • Infrastructure, Rebuilding & Utilities Supply 
  • Oil & Gas – Increasing Production
  • Regulatory & Financial Framework – Encouraging International Investment
  • Logistics & Trade

A Pre-conference Reception and Networking Event is planned for Saturday 24 November at the Address Dubai Marina, where delegates can enjoy the spectacular surroundings and view. With Dubai being a hub for local and international companies in the region operating in Iraq, the conference attracts suppliers, investors, producers and buyers from Iraq, the UK and the wider international business community.

IBBC will also be holding a Tech Forum on 25 November, which will run in parallel to the conference at the same venue. Ticket holders will get complimentary access to the forum, where some of the key innovators of Tech in Iraq will be speaking on Fintech, the Consumer Economy, E-Government and the Start-Up Economy. Speakers include representatives from EY, Citi Bank, Restrata Group, MediaWorld, Khudairi Group, Avaya and the Technology Department of the Kurdistan Regional Government.

For any queries please email London@webuildiraq.org

UNMAS supports UK visit with Mine Action in Mosul

The presence of explosive hazards, including improvised explosive devices in areas liberated from the Islamic State in Iraq and the Levant (ISIL), will continue to impede security and stability efforts as well as development initiatives until these are cleared and rendered safe.

A delegation from DFID was recently hosted by UNMAS in Mosul and had the opportunity to speak with Iraqi and international implementing partners and hear their stories about how and why they work to clear of explosive hazards. Ms. Stefanie Nijssen, Policy & Programme Manager for Demining and Arms Control, and Ms. Susan Erb, Humanitarian Advisor, together with Mr. Pehr Lodhammar, UNMAS Iraq Senior Programme Manager, saw firsthand that within a few days a water treatment plant can be made free from explosive hazards for engineers to commence rehabilitation work – but no matter how quickly this can be done, the emphasis is on making the site safe.

“Safety is the most important”, G4S Team Leader Faisal Abdul Rida Obaid Farham Al-Zaid explained to the visiting delegation. “We can fix a park or building after an explosion, but we cannot fix a lost limb or lost human soul”. DFID also met with a number of national and international mine action organizations, as well as local authorities.

UNMAS work in Iraq focuses on clearance of explosive hazards in areas previously under ISIL occupation, risk education with life-saving messages in advance of internally displaced persons (IDP) return and capacity enhancement of local and national authorities to manage, regulate and coordinate an effective response to new threats.

This is done in close coordination with agencies engaged in the rehabilitation of infrastructure and humanitarian programmes, which collectively define the way forward for development.

Deputy British Ambassador to Iraq, John Tucknott, said: “Until mines are cleared and areas made safe, normal life cannot return. Mine clearance is an essential step in regenerating war damaged areas. The UK is proud to be supporting UNMAS in delivering this essential work”.

“Explosive hazard management is the first step and of crucial importance to allow displaced people to safely return to their homes,” said Pehr Lodhammar, UNMAS Senior Programme Manager in Iraq. “The continued and generous support provided by the Government of the United Kingdom is crucial to create a safe environment for people to live in and to strengthen the capacity of the Government of Iraq in mitigating the threat posed by explosive hazards”.

The United Kingdom is one of the largest contributing member states to UNMAS in Iraq.

(Source: UN)

Amarinth secures order for Pumps at Rumaila

UK-based Amarinth has secured its first order from Iraq Gates Contracting Company (IGCC) for $410K of API 610 OH1 pumps on 22-weeks FCA delivery for the Rumaila oil field, Iraq.

This first order for Amarinth from Iraq Gates Contracting Company (IGCC) of $410K is for ten API 610 OH1 condensate transfer pumps with Plan 11 and Plan 52 double seals and seal support systems.

The pumps are destined for the Rumaila oil field, a super-giant oil field located 50km to the west of the city of Basra, southern Iraq. The Rumaila field is estimated to contain 17 billion barrels, the largest oil field ever discovered in Iraq and considered the third largest oil field in the world. It is managed by the Rumaila Operating Organization (ROO), a joint venture between BOC, BP, PetroChina and SOMO.

IGCC approached Amarinth for the ten identical API 610 OH1 pumps as they were required on an extremely short lead time of 22-weeks Free Carriage Aboard (FCA) from the sea-port in the UK.

This is the sort of challenge that Amarinth has successfully delivered against many times in the past for Middle East oil and gas companies and will leave Amarinth just 20 weeks for the design, manufacture and testing of the pumps and seal support systems, including full documentation and NACE certification for all process wetted parts.

Oliver Brigginshaw, Managing Director of Amarinth, commented:

This latest order from Iraq underlines our on-going commitment and investment in the region and we are delighted that IGCC approached us to supply these pumps recognising that we were the only manufacturer that could deliver bespoke API 610 pumps in the lead time they required.

“In fact, we are seeing that many of the new projects in the Middle East need API 610 pumps on very short lead times as operators start to increase production again, which Amarinth are in a very good position to fulfil.

(Source: Amarinth)

IBBC in Productive Trade Mission to Baghdad

Iraq Britain Business Council completes productive trade mission to Baghdad

IBBC recently completed a productive mission to Baghdad, meeting with high-level government officials and British authorities in Iraq. Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade Envoy to Iraq led the delegation alongside Mr Rasmi Al Jabri, Deputy Chairman of IBBC, Mr Christophe Michels, Managing Director of IBBC and Mr Vikas Handa, IBBC representative in the GCC.

IBBC was joined by numerous member representatives, including from Al Bilal Group, Al Burhan Group, Al-Nukhba OFS, ARCHS, Constellis, Dar Group, EY, Gulftainer, G4S, Khudairi Group, International Islamic Bank, Kuwait Energy, Management Partners, Menzies Aviation, Mosul University, National Bank of Iraq, Ratba’a Contracting, Serco, Shell, Standard Chartered Bank and Turnkey LLC.

The delegation visited soon after the election of President Dr Barham Salih, who took time out of his busy schedule to meet Baroness Nicholson and the IBBC leadership who were joined by HMA Jon Wilks. Dr Salih has been a close friend of the IBBC for many years and recently spoke at the IBBC Cumberland Lodge Conference in July.

On Sunday 7 October the delegation held meetings with the Governor of the Central Bank of Iraq, Mr Ali Mohsen Ismael Al Alaq, H.E. Mr Adbuallah Luabea the Deputy Minister of Transport, Mr Fayadh Neema, Senior Deputy Minister of Oil and Dr Sami Al Araji, Chairman of the National Investment Commission. The delegation were hosted by the Iraqi Federation of Chambers of Commerce in the evening for dinner.

On Monday the delegation met with Dr Mehdi Al Alak, Secretary General of the Council of Ministers, Dr Hameed Ahmed Deputy Chairman of the Council of Ministers, Dr Sabah Mushatat, Economic & Investment Advisor to the Prime Minister of Iraq, Dr Mudher Mohammed Saleh, Finance Advisor to the Prime Minister of Iraq and with Ján Kubiš Special Representative of the Secretary-General and Head of the United Nations Assistance Mission for Iraq.  In the evening Ambassador Jon Wilks hosted a reception for the delegation and Iraqi dignitaries at his residency.

Before leaving Iraq, Christophe Michels visited Serco, who are working with the Iraqi Civil Aviation Authority at Baghdad International Airport. Serco supports the Iraqi authorities in managing the entire spectrum of air traffic control in Iraq including the increasing number of international overflights.

(Source: IBBC)

Population Growth in Iraq raises Concerns

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

British Ambassador Jonathan Wilks warned at a press conference last month that, at its current rate of growth, Iraq’s population would increase by a million people per year.

Iraq’s Central Statistical Organization (CSO) announced soon after, on Oct. 1, that the country’s population had reached about 38 million in 2018, and that Baghdad’s population had reached more than 8 million.

While Iraq has not conducted any comprehensive census since 1997, these figures, combined with the rising unemployment rate, indicate an imbalance between the growing population and the availability of services.

Najeh al-Obeidi, an economics researcher at the University of Baghdad, is worried that the state will not be able to respond to population growth or provide decent living conditions for Iraqis. “This raises concerns about the future,” he said. “Baghdad alone has a population equal to that of the entire country five decades ago.

Click here to read the full story.

Torino Power explores Opportunities in Iraq

By John Lee.

Canada’s Torino Power Solutions Inc. has announced that it has been working with a U.K. based engineering firm that has existing business and projects in the Iraqi market.

Torino was approached regarding its Power Line Monitoring (PLM) temperature sensors and in the last few months, the UK engineering firm has introduced the PLM to three transmission operators in various regions of Iraq.

(Source: Torino)

Aggreko signs Contract with North Refineries Company

UK-based Aggreko (Middle East) and Iraq’s North Refineries Company have signed a contract for rental of temporary power generators to supply 15MW of power to Baiji Refinery as a first stage.

For Aggreko, the world’s largest supplier of temporary power, which also supplies South Refineries Company with 25MW,

This contract will help broaden the partnership between Aggreko, the world’s largest supplier of temporary power, and the Ministry of Oil and its affiliate companies, and is a demonstration of the collaboration between both entities.

Aggreko also supplies South Refineries Company with 25MW of power.

(Source: Eurogulf)

Corruption now “Biggest Threat to Iraq”

Corruption has become the biggest threat to the future stability of Iraq following the defeat of Islamic State, Britain’s ambassador in Baghdad has told the Evening Standard newspaper in London.

Jon Wilks said that although there were “remnants” of IS still present, the country was “settling down ahead of expectations” and starting to recover from decades of war and insurgent attacks.

But he warned that corruption — which this month sparked violent protests in Iraq’s second city Basra — still posed a significant risk because of the negative effect that it had on business investment and public confidence.

Full report here.

(Source: Evening Standard)