Warka Fat Lady Begins Warm Ups
Last weekend two stories, one in Al Hayat the other in the Abu Dhabi paper The National, confirmed that Standard Chartered is in talks to take over Warka Bank (BWAI). (There’s more on the story here.)...
View ArticleStandard Chartered makes New Appointment for Iraq
By John Lee. Standard Chartered has announced the appointment of Ahmed Muallah as Managing Director and Head of its Wholesale Banking business in Iraq. Commenting on the appointment, Gavin Wishart,...
View ArticleIBBC Spring Conference –“Iraq in Transition”
The Iraq Britain Business Council (IBBC) will be holding its Spring Conference on April 27 at Mansion House and on April 28 at Vintners’ Hall in London. In recent weeks considerable political debate...
View ArticleAMAR Foundation Strenghtens Financial Committee
The Board of the AMAR International Charitable Foundation is to expand and strengthen its Finance Committee. It will now be chaired by leading financial businessman and AMAR supporter, Mr Michael...
View ArticleIBBC hosts Members’ Dinner in Baghdad
The Deputy Chairman of the Iraq Britain Business Council (IBBC), Rasmi Al Jabri, and Managing Director, Christophe Michels, hosted a dinner for members and guests at the Babylon Warwick Hotel in...
View ArticleIBBC 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...
View ArticleGE, Standard Chartered, TBI close $600m Financing
By John Lee. General Electric (GE), Standard Chartered Bank and the state-run Trade Bank of Iraq (TBI) are reported to have jointly closed a $600-million financing agreement to fund the ambitious...
View ArticleStanChart “Expanding in Iraq as Safety Improves”
By John Lee. Standard Chartered bank is reportedly reviving stalled plans to open a new branch for corporate customers in Basra in the first half of 2020. This would be the UK-based bank’s third branch...
View ArticleFinancing agreed for Siemens Transformer Deal
By John Lee. Iraq’s Cabinet of Ministers has approved a loan agreement between the Federal Ministry of Finance, Standard Chartered Bank and the German Deutsche Bank for the purpose of financing the...
View ArticleIraq Borrows $360m to Reduce Gas Flaring
The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world,...
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IBBC's Autumn Conference - Open for Business Engagement
IBBC's Autumn conference is back with a bang and open for business engagement. On 22nd November this year the overarching conference topic is looking to the future with 'sustainability'- whether in...
View ArticleIraqi Cabinet outlines Funding for Investment Projects
The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister thanked health teams for their...
View ArticleUK Businesses to build $285m Drainage System in Hilla
By John Lee. UK Export Finance (UKEF), the UK's export credit agency, has announced that it has secured £226 million [$285 million] in financing for the Iraqi government to develop over 350 kilometers...
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