Headquartered in the UK, Abacus Cambridge Partners, a leading consulting, technology, and outsourcing company, has announced a strategic partnership with Deep Engineering, a premier engineering company and a subsidiary of Joto Leading Group, to expand its presence in Northern Iraq by offering digital transformation solutions to the private and public sectors.

Technology plays an increasingly critical role in every aspect of a business. Leaders in the public and private sectors in Northern Iraq recognise the need to accelerate the development of digital solutions to ensure competitiveness.

The Abacus-Deep Engineering partnership brings together extensive skills in business and technology strategy, technology development and deployment, and organisational change management to help transform organisations across Northern Iraq.

Speaking on the signing ceremony, Yu Huang Chan, CEO of Deep Engineering, remarked:

“We think it’s a productive agreement as Iraq is now booming. We are happy to have this partnership with Abacus.”

Abbas Khan, CEO of Abacus, added:

“I am pleased to announce that we have now entered into a strategic framework agreement with Deep Engineering. Through this collaboration, we will be able to create massive opportunities for customers across the region. Our alliance with Deep Engineering is going to result in mutually beneficial outcomes.”

The partnership will play a fundamental role in achieving Iraq’s vision 2030, which is driven by digital transformation.

(Source: Abacus Cambridge)

The Iraq Britain Business Council (IBBC) is partnering with Innovest as a Bronze-level eco-system partner for the Ruwwad Al Iraq Platform for young Iraqi Entrepreneurs in 2020.

Ruwwad Al Iraq [“Iraqpreneurs”] is a leading empowerment competition platform by INNOVEST Middle East that embraces young entrepreneurs around Iraq and helps them to start or scale up their businesses.

The competition invites participants to submit their innovative ideas or startup business plans in a bid for financial and capacity building prizes that will bring their dreams alive.

Bassam Falah, CEO of Innovest, said:

Our aim is to build communities of innovators in various sectors, to create new partnerships, to solidify individual and collective efforts, to achieve local, regional and global prosperity and to provide sustainable development to the people and community thus fulfilling their aspirations for a more stable, secure and dignified life.

“We Invest in pre speed funding as well as value creation through in-kind support where we provide startups with the access to resources that are important for their scale up.”

Christophe Michels, MD of IBBC, added:

IBBC are delighted to be supporting the development of Innovest’s start up initiative, as tech and entrepreneurialism are both very much in demand within Iraq as a solution for employment for young people and as a means to modernize the Iraqi social and commercial economy. 

“IBBC is keen to work more closely with tech companies and build a modern Iraq through innovation and applications, so we welcome supporting Innovest and its partnerships to realise these opportunities.

(Source: IBBC)

By John Lee.

The US-led coalition fighting the so-called Islamic State (IS, ISIS, ISIL, Daesh) has announced the suspension of operations.

In a statement, Operation Inherent Resolve said:

Our first priority is protecting all Coalition personnel committed to the defeat of Daesh. Repeated rocket attacks over the last two months by elements of Kata’ib Hezbollah have caused the death of Iraqi Security Forces personnel and a U.S. civilian.

“As a result we are now fully committed to protecting the Iraqi bases that host Coalition troops. This has limited our capacity to conduct training with partners and to support their operations against Daesh and we have therefore paused these activities, subject to continuous review.

“We remain resolute as partners of the Government of Iraq and the Iraqi people that have welcomed us into their country to help defeat ISIS. We remain ready to return our full attention and efforts back to our shared goal of ensuring the lasting defeat of Daesh.

(Source: Operation Inherent Resolve)

By John Lee.

Simon Hinrichsen, a PhD student at the London School of Economics (LSE), has published an analysis of Iraq’s sovereign debt over the years.

The full 51-page report can be downloaded here.

(Source: LSE)

By John Lee.

Court filings in the United States have reportedly shed new light on corruption in Iraq.

Louis Auge, of EU Reporter, writes that two members of Iraq’s Communications and Media Commission (CMC) recieved houses in London in return for their role in the expropriation of over $800 million from French telecom firm Orange and Kuwaiti logistics company Agility.

The companies had initially invested the money in Kurdistan-based mobile phone operator Korek, via a joint venture.

More here.

(Source: EU Reporter)

By John Lee.

The Ambassador of Iraq in London, Mr. Mohammad Jaafar Al-Sadr, has met Mr. Enzo Quattrociocche, the Secretary-General of the European Bank for Reconstruction and Development (EBRD).

During the meeting, they discussed the possibility of Iraq joining the bank. The Ambassador stressed the importance of moving forward with the implementation of Iraq’s economic development plans by supporting private sector, promoting investment projects and building capacities in the field of developing the banking system.

Mr. Quattrociocche stated that EBRD is ready to cooperate and support Iraq in its bid to become a member of the bank, indicating the advantages of this membership to Iraq, including the opportunity to benefit from global banking experiences to develop Iraq’ banking sector and obtain technical support, assistance that prepares the good environment to invest.

(Source: Iraqi Ministry of Foreign Affairs)

The Governor of Anbar, Mr Ali Farhan Hameed, visited the UK this week as a guest of the Iraq Britain Business Council (IBBC) .

While here, he attended various meetings at Chatham House, UKEF, at roundtables with IBBC members and dinner in the House of Lords with Baroness Nicholson ( President of IBBC and PM Trade Envoy to Iraq)

Mr Hameed’s message is that Anbar province is open for business, is secure, and has defeated and rooted out ISIL. Anbar is on the look out specifically for British engineering companies to work on water projects. The province now has good, rebuilt infrastructure, and the benefits of large phosphate deposits, natural gas, and is locationally at the crossroads between Turkey, Saudi Arabia and Syria. It seeks to reclaim its position as one of Iraq’s wealthier areas and has great opportunities for companies looking to establish businesses there.

Mr Hameed also attended the IBBC Christmas party, attended by Lord Green and Lord Robertson, vice presidents of IBBC, Mr Alastair Kett of PWC ( Deputy Chairman of IBBC) and Mr Rasmi El Jabri – deputy chairman IBBC ) and many new and original IBBC members and supporters, at the Royal Overseas League.

Mr Christophe Michels says’ that IBBC is ready and willing to facilitate any further introductions and initiatives with Anbar province, and we invited Mr Hameed following our own visit to Anbar in July 2019. We all look forward to a busy and successful year ahead.’ Season’s greetings and thanks to you all in our world.

(Source: IBBC)

By John Lee.

The AMAR Foundation is working to record, protect and teach the unique music of the Yazidi people in northern Iraq.

Part of the British Council’s Cultural Protection Fund, the project is helping to preserve and sustain this endangered music for future generations of Yazidis.

Developing over a long and complex history, Yazidi music is rich and unique. It is at the heart of the Yazidi faith and is one of the central pillars of community life.

It broadly takes three forms: religious, ceremonial and folk. AMAR is working to ensure that all three continue to exist and thrive among the Yazidi people.

More here

(Source: AMAR)

By John Lee.

The AMAR Foundation is working to record, protect and teach the unique music of the Yazidi people in northern Iraq.

Part of the British Council’s Cultural Protection Fund, the project is helping to preserve and sustain this endangered music for future generations of Yazidis.

Developing over a long and complex history, Yazidi music is rich and unique. It is at the heart of the Yazidi faith and is one of the central pillars of community life.

It broadly takes three forms: religious, ceremonial and folk. AMAR is working to ensure that all three continue to exist and thrive among the Yazidi people.

More here

(Source: AMAR)

By John Lee.

The AMAR Foundation is working to record, protect and teach the unique music of the Yazidi people in northern Iraq.

Part of the British Council’s Cultural Protection Fund, the project is helping to preserve and sustain this endangered music for future generations of Yazidis.

Developing over a long and complex history, Yazidi music is rich and unique. It is at the heart of the Yazidi faith and is one of the central pillars of community life.

It broadly takes three forms: religious, ceremonial and folk. AMAR is working to ensure that all three continue to exist and thrive among the Yazidi people.

More here

(Source: AMAR)