On Wednesday 12th December, the Iraq Britain Business Council (IBBC) was pleased to host a first meeting between the British Chambers of Commerce and Chamber of Commerce & Industry representatives from the Kurdish Region of Iraq.

Erbil Chamber of Commerce is a founding member of IBBC and the IBBC is now the affiliate Chamber for Iraq of the British Chambers of Commerce.

Liam Smyth, International director represented the British Chambers.

Dr Dara Al Khayat, Chairman Erbil Chamber and Chairman of the Kurdish Federation of Chambers of Commerce & Industry was joined by the Chairmen of Sulaimani and Dohuk Chamber of Commerce.

The work of all the Chambers was discussed and in particular areas where the KRG requested UK involvement was identified.  Apart from oil and gas and utilities there was much discussion about the agricultural and food processing potential of the region. In addition mining, tech and textiles were also put forward as sectors which foreign investment would be most welcome.

Both sides looked forward to continuing engagement with each other to mutual benefit.

(Source: IBBC)

IBBC welcomed 260+ delegates to Dubai to discuss ‘Iraq – Reconstruction & Rebuilding, how to deliver Vision’ with expert Industry, Government and International Organisations on 25th November

Iraq Britain Business Council held its annual Autumn Conference in Dubai yesterday on the 25th November at the Address Dubai Marina in Dubai.

The event hosted many speakers from the major companies operating in Iraq including IOCs, Logistics, Finance and Legal and Infrastructure, as well as Government Officials from the UK, UAE, Iraq, The World Bank and IMF to discuss the key issues facing Iraq’s economy today. IBBC welcomed over 260 delegates at the event for its largest ever attendance.

Under the Chairmanship of Vikas Handa, IBBC Representative in the UAE, Baroness Nicholson of Winterbourne, President of IBBC and The Prime Minister’s Trade Envoy to Iraq opened the conference alongside H.E. Abdulla Ahmed Al Saleh, Undersecretary of the UAE Ministry of Economy for Foreign Trade & Industry Professor Sabah Mushatat, Prime Minister’s Advisor for Reconstruction and Investment. H.E. Bengan Rikani, Iraqi Minister for Housing, Reconstruction & Public Municipalities, Government of the Republic of Iraq. Michael Townshend, Regional President BP Middle East and Jon Wilks CMG, Her Majesty’s Ambassador to Iraq.

HE Abdulla Ahmed Al Saleh

IBBC was honoured to have HE Abdulla alSaleh give a keynote speech at the IBBC Conference in Dubai for the third year running, His Excellency reaffirmed the UAE’s commitment to building a diverse and prosperous Iraq as per the IBBC’s mission statement. Professor Mushatat delivered a message from the Prime Minister of Iraq H.E. Adil Abdul-Mahdi delivering the PMs support for the development of the Private Sector and Foreign Enterprise in Iraq and complimenting IBBC as a trusted partner to achieve these goals.

H.E. Bengan Rikani spoke of the challenges ahead to meet the population growth of Iraq, the continuing efforts to rebuild liberated areas and the infrastructure projects underway. Ambassador Jon Wilks highlighted the importance of Iraq to the British economy, where trade has increased by 10% in the last year alone and stressed the commitment of PM Theresa May, Liam Fox MP Secretary of State for International Trade and DFID to facilitating Trade between the UK & Iraq.

“Now is the time to look again at the Iraq Market”
Her Majesty’s Ambassador Jon Wilks CMG

Michael Townshend reminded the audience that there was more Oil available globally than humanity could consume and that the Rumaila’s oilfield operated by BP in Iraq was not only one of the largest but also one of the most economic fields in the globe, providing Iraq with the lion share of its incomes.

Michael Townshend, BP

This year’s Agenda focused on the key issues of how Iraq can rebuild its towns and cities and develop its economy and evolving Infrastructure and Utilities with an emphasis on expanding Oil & Gas production, improving the Regulatory Framework and Financial systems and exploring the role of Logistics in moving people and materials into and around the country.

Conference Sessions & Speakers:

Logistics – Imports/Exports, People & Goods

Beverley Simpson, Director – Iraq, Department of International Trade; Rolls-Royce; SKA International Group; Basrah Gateway Terminal; G4S

Regulatory & Financial Framework – Encouraging International Investment

Management Partners; Dr Sabah Mushatat, Investment & Reconstruction Advisor to the Prime Minister of Iraq; National Bank of Iraq; IMF; AFC Iraq Fund; Eversheds-Sutherland

Energy – Increasing Production

Shell; Chevron; GE

Infrastructure – Rebuilding & Utilities Supply

IFC; Wood; EAMES; Siemens; Prof. Frank Gunter, Lehigh University

Ms Duha Mohammed, Capital Bank of Iraq

The conference also featured the highly successful roundtable discussions, where delegates engaged in dynamic and concentrated debates on the country issues which matter most. Delegates also enjoyed a pre-conference reception on 24th November at the Address Dubai Marina, as well as many networking opportunities throughout the event.

IBBC would like to thank the efforts of its sponsors Rolls Royce, Serco, SKA International Group, Siemens, GE, Basra Gateway Terminal and Khudairi Group.

IBBC also held a Tech Forum on 25th November under the Chairmanship of IBBC Marketing Consultant Ashley Goodall. The forum ran in parallel to the conference at the same venue. Some of the most important innovators of Tech in Iraq spoke on Fintech, the Consumer Economy, E-Government and the Start-Up Economy. Speakers included representatives from EY Iraq, Avaya, Citi Bank, Restrata Group, Microsoft, Khudairi Group, VentureSouq, Careem and the International Development Bank.

IBBC is particularly grateful to Ms Suha Mohammed, DG for payments at the Iraqi Central Bank, and to Mr Hiwa Afandi, DG of the Information Technology Department of the Kurdistan Regional Government for participating in this event.

Tech companies are already disrupting the heavily state dominated Iraqi economy and are the bearers of hope for tangible change in a country that has an extremely young and tech savvy population and has an urgent need to create hundred of thousands new jobs every year.

For any enquires please email london@webuildiraq.org

(Source: IBBC)

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)

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)

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 Baghdad on 29th August.

Many representatives from member companies were in attendance, including the Chairman of Khudairi Group and the International Islamic Bank, the CEO’s of Kuwait Energy and the National Bank of Iraq, as well as representatives from Al Burhan Group, Al Nukhba-OFS, Constellis, G4S, Standard Chartered Bank, Serco, Shell and XReach Ltd.

Ms Beverly Simpson, Iraq Country Director for the Department for International Trade, gave guests an update on the latest visa and labour regulations being applied in Iraq, followed by a discussion.

(Source: IBBC)

The Iraq Britain Business Council (IBBC) has announced that OILSERV has joined the Council.

OILSERV is an independent Oilfield Service Company founded with the purpose of providing world class solutions to clients operating across the Middle East and North Africa.

OISERV’s comprehensive range of business lines covers the full life cycle of oilfield services, from exploration drilling and logging to constructing surface production facilities, and from integrated project management to end-of-life field production and maintenance.

Their technical experts, working in close collaboration with the Integrated Oilfield Services team, enable OILSERV to the be a highly effective drilling and work-over turnkey partner for their clients.

OILSERV has been actively supporting the Iraqi Oil and Gas industry since its inception and has become a key contributor to the communities where it operates as well as recruiting and developing hundreds of graduates from local university and technical colleges.

(Source: IBBC)

Iraq Britain Business Council and Iraq’s Ministry of Higher Education and Scientific Research sign Memorandum of Understanding

The Iraq Britain Business Council (IBBC) signed a Memorandum of Understanding (MoU) with Iraq’s Ministry of Higher Education and Scientific Research at the IBBC Cumberland Lodge Retreat on 7 July.

The memorandum was signed by Baroness Nicholson of Winterbourne, President of IBBC and H.E. Dr Abdul Razzaq Al-Issa, Iraqi Minister of Higher Education and Scientific Research. The singing was supported and witnessed by Ambassador Jon Wilks CMG, Her Majesty’s A mbassador to the Republic of Iraq and Dr Nahi Al-Rikabi, the Iraqi Cultural Attaché to London.

The memorandum details the commitment of both parties to work together in a constructive and progressive way to further enhance links between Iraqi and UK institutions of higher education.

The partnership is a further boost to the IBBC’s efforts to support initiatives between UK universities and Iraqi institutions of higher education.

IBBC has three British Universities within the council; Bath Spa University, University of Northampton and University of Leicester, who are all active within Iraq and aiming to increase their activities in the country. Mosul University has also recently joined the Council as IBBC continue to expand its Education & Heritage Sector Table.

(Source: IBBC)

IBBC holds annual Cumberland Lodge Conference with Political, Academic, Education and Business Experts, 6-8 July

The Iraq Britain Business Council hosted its annual Cumberland Lodge Retreat on 6-8 July, inviting a host of political, business, academic and education experts to discuss the most pertinent issues relating to Iraq and its future.

The title of the conference was ‘Iraq: Domestic Expectations & Geopolitical Aspirations’ and addressed a variety of issues on regional politics, election diagnosis and the future of higher education in Iraq.

On Friday members and guests heard speeches from Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade Envoy to Iraq, Dr Edmund Canon Newell, Principal of Cumberland Lodge, Mr Nazar Mirajan Mohammed, Minister Plenipotentiary Iraq Embassy and Sara Akbar, Founder Member of IBBC, Kuwait Government Adviser and CEO of new IBBC member OiLSERVE.

The conference also featured in-depth discussions with high level representatives from the Government of Iraq, including Dr Abdul Razzaq Al-Issa, Minister of Higher Education and Scientific Research, Dr Adbul Kariem Al Faisal, Chairman of the PM’s Advisory, Dr Dara Rasheed, Deputy Minister for Construction, Housing and Municipalities and Deputy Head of Refaato and Dr Salah Hadi Saleh Alhashim, DG for Scholarships at he Ministry of Higher Education and Scientific Research.

Agenda & Speakers

Session 1: Present Situation in Iraq

Chair: Baroness Nicholson of Winterbourne

Dr Barham Salih MP, Coalition for Democracy, Jon Wilks CMG (tbc), HM Ambassador to Iraq, Dr Renad Mansour, Research Fellow, Chatham House, Professor Toby Dodge, Director Middle East Centre, LSE

Session 2: Iraq in a Regional Perspective

Chair: Dr Renad Mansour, Research Fellow, Chatham House

Sara Akbar, CEO Oil Serve Kuwait

Session 3: China and Iraq

Chair: Botan Osman, Managing Director, Restrata

Raffaello Pantucci, Director of International Security Studies, RUSI

Session 4: IMF view on Iraq

Chair: Gavin Wishart, Board Member, IBBC

Gavin Gray, Mission Chief for Iraq, IMF

Session 5: Partnerships between British and Iraqi Universities

Chair: Dr Victoria Lindsay, Director British Council Iraq

Professor Obay Al Dewachi, President of Mosul University, Professor Nick Petford, Vice Chancellor, Northampton University, Professor Mohammed Al Uzri, Honorary Professor with Social and Epidemiological Psychiatry Research Group, Leicester University, Professor John Strachan, Vice Chancellor, Bath Spa University

On Saturday 7, an after dinner speech was given by Dr Mohammed Jasim, Library Director of Mosul University, who gave an impassioned presentation on the progress made in rebuilding the university’s dilapidated library.

IBBC would like thank the staff at Cumberland Lodge, all speakers and delegates who contributed to the extremely fruitful discussions, and to its members, with representatives attending from Al Burhan Group, Al Nukbha OFS, Bath Spa University, BP, Olive Group, Eversheds Sutherland, G4S, KBR, Menzies Aviation, Mosul University, Najaf Chamber of Commerce, OiLSERV, Penspen, Perkins+Will, Petrofac, Restrata, Serco, Shell, TurnKey LLC, University of Leicester, University of Northampton and Wood.

(Source: IBBC)

The National Bank of Iraq (NBI) has become the latest member of the Iraq Britain Business Council (IBBC).

In a statement, the IBBC said it is delighted to welcome one of Iraq’s preeminent private sector banking organisations to join its growing financial and professional services sector table.

NBI was founded in 1995 as a publicly traded, private sector company offering comprehensive banking services to individuals and businesses. NBI’s paid up capital was increased to IQD 250 Billion (USD 215 million) in December 2013.

NBI has been consistently growing in size and capabilities to serve Iraqi citizens with the highest quality financial services. NBI’s strategy revolves around offering a unique value proposition to multinationals and large corporates looking for professional commercial banking services in Iraq, as well as a solid platform for individuals to interact with. As a Jordan based Group, they are able to offer global access to funds and a comprehensive set of banking services to facilitate banking needs on the ground.

NBI is constantly expanding and modernizing its branch and ATM network in Iraq and are currently the only bank that has a branch in North Rumaila (Basra) and are in the process of opening new branches in Kathimiyya and Jameela in Baghdad and a new technologically advanced branch in Basra. NBI is also heavily investing in advancing its electronic channels and overall technological capabilities in order further modernize the banking process and offer a seamless banking experience to their clients.

NBI offers full-fledged investment banking, wealth management and brokerage services through its sister companies in Jordan, UAE and Iraq. The UAE subsidiary acts as the main gateway for multinationals and GCC based clients looking to raise growth capital or connect with local partners and enter into joint ventures for business expansion or new projects across Iraq. NBI’s investment offering also includes a wide range of advisory services in M&A, investment structuring and debt raising or restructuring.

NBI is regulated by the Central Bank of Iraq and publicly traded on the Iraq Stock Exchange It implements stringent international anti-money laundering and compliance regulations, and is also one of the few banks in Iraq to implement International Financial Reporting Standards (IFRS), with PWC as its external auditor.

(Source: IBBC)

Baroness Nicholson of Winterbourne, President of the Iraq Britain Business Council (IBBC), visited Baghdad on 2-3 June, accompanied by Managing Director Christophe Michels, as well as Rasmi Al Jabri, Deputy Chairman and Iraq Representative to meet with numerous politicians and IBBC member representatives.

Jonathan Wilks CMG, Her Majesty’s Ambassador to Iraq joined the IBBC team for several high profile meetings.

The IBBC management first attended a religious tolerance seminar and Iftar dinner on 2 June organised by the AMAR Foundation in Baghdad, where numerous representatives of different religious groups in Iraq were present, as well as notable academics, journalists and artists. The dinner was preceded by a meeting with the Chaldeen Patriarch.

Meetings were held on 3 June with H.E. Mr Kadhim Finjan, Iraqi Minister of Transport together with  IBBC Member representatives from Serco, G4S, Al Burhan Group and Menzies Aviation at Adnan Place in Baghdad, where constructive talks were held on further cooperation in the civil aviation industry.

Later meetings were also held with Dr Mehdi Al Alak, Secretary General of the Council of Ministers and Dr AbdulKariem Al Faisal, Chairman of the Prime Minister’s Advisory Committee at the Council of Ministers in Baghdad on behalf of IBBC members.

The IBBC team also met Dr Barham Salih, former Prime Minister of the KRG and former Deputy Prime Minister of the Government of Iraq and founder and leader of the Coalition for Democracy and Justice. Dr Barham Salih is a long-time friend and associate of the Iraq Britain Business Council and will be attending the IBBC Weekend Retreat at Cumberland Lodge in Windsor Great Park from 6-8 July.

In the late afternoon of 3 June IBBC hosted a meeting for its members at the Babylon hotel. The meeting was joined by Dr Sami Al Araji, Chairman of the National Investment Commission, Professor Sabbah Mushatat, Advisor to the Prime Minister and Eng. Dara Rasheed, Deputy Minister for Housing, Construction & Public Municipalities and Deputy Head of Refaato (Reconstruction fund for areas affected by terrorism https://www.refaato.iq/en/) .

IBBC also visited The Station in Baghdad during their visit, which is the first combined workspace in Iraq, providing tech and artistic entrepreneurs with a communal space and resources to develop and expand business projects. This exciting initiative is a boost to a small but growing number of young Iraqis willing to engage and develop the private sector in Iraq. The building itself is a landmark of modern architecture in the heart of Baghdad. For more information please visit: http://the-station.iq/.

(Source: IBBC)