GE, 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 Article“Discussions Ongoing” between Siemens and Iraq
By John Lee. Talks are reported to be continuing between Germany’s Siemens and the Iraqi Ministry of Electricity regarding a major investment in the country’s electricity infrastructure. Lisa Davis...
View Article$1bn UK Financing for Iraqi Electricity
UK Export Finance (UKEF) has announced it will support UK firms with US $1.02 billion to build two new power stations in Iraq and support the restoration of a number of electricity substations in the...
View ArticleGE, Siemens Electricity Deals “in Doubt”
By John Lee. The Financial Times has reported that the recently-agreed electricity deals with Siemens and General Electric (GE) are not certain to be approved. It quotes Minister for Electricity Luay...
View ArticleGE Provides Turbine for Al Qudus Power Plant
GE Power has announced that it has provided an advanced 9E gas turbine to Iraq’s Al Qudus Power Plant. The company will also service up to seven GE 9E gas turbines at the facility throughout 2019,...
View ArticleUK announces £1bn to support Trade with Iraq
UK International Trade Secretary Dr Liam Fox MP has visited Baghdad for a three-day visit (Sunday, 14 April to Tuesday, 16 April 2019) where he met with the Iraqi Prime Minister and announced that UK...
View ArticleGE Commissions Gas Turbine at Al Qudus Power Plant
GE Power (NYSE: GE) has installed and commissioned a new advanced 9E gas turbine at the Iraqi Ministry of Electricity’s (MoE) Al Qudus Power Plant. The site was previously capable of generating up to...
View ArticleGE “Poised for Significant Orders in Iraq”
By John Lee. General Electric (GE) is reportedly expected to win a large share of the multibillion-dollar contracts to rebuild Iraq’s electricity system. According to a report from Reuters, “under U.S....
View ArticleMass Global, GE to add up to 1.5 GW at Besmaya Power Plant
By John Lee. Under the guidance of the Iraqi Prime Minister, H.E. Dr. Adel Abdul Mahdi, the patronage of the Iraqi Minister of Electricity, H.E. Dr. Luay al-Khatteeb and in continuation of their...
View ArticleTech 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...
View ArticleGE Closes Financial Deal for Iraqi Electricity Projects
Iraqi Ministry of Finance and GE Mark Financial Close of Power Up Plan The Iraqi Ministry of Finance (MoF), GE and their financial partners have celebrated the financial close -- a critical milestone...
View ArticlePM Opens New GE-Enka Power Station in Muthanna
By John Lee. Prime Minister Mustafa Al-Kadhimi has officially opened a new power station in Muthanna Governorate. The plant was built by the American company GE, and Turkey's Enka. According to...
View ArticleGE announces 'Energy Transition Plan' for Iraq
GE has announced a comprehensive "Energy Transition Plan" for Iraq, presenting its transformative strategies to support the country's evolution to a cleaner energy future. The plan includes several...
View ArticleGE Healthcare signs deal for 22 Neonatal ICUs in Iraq
By John Lee. General Electric Healthcare (GE) has reportedly signed an agreement with the Iraqi Ministry of Health to build 22 neonatal intensive care units (NICUs) across the country. A spokesperson...
View ArticleUAE's Ducab Group wins Cabling Contract in Iraq
By John Lee. UAE's Ducab Group has reportedly been awarded a contract to supply overhead conductors for a 288-Km Over-Head Line (OHL) as part of a GE Renewable Energy project in Iraq. According to...
View ArticleIraq committed to Renewable Energy
By John Lee. The Minister of Oil, Ihsan Abdul-Jabbar Ismail, has said that Iraq is committed to reducing carbon emissions through implementing a number of gas investment projects and developing gas...
View ArticleWomen in Iraqi Business: Kapita Breaking the Bias
Women have been paving their way into the Iraqi ecosystem, navigating its challenges while at the same time dealing with the accompanying biases, gender stereotypes, the glass ceiling, and cultural and...
View ArticleConstruction Starts at 1.6 GW Power Plant in Anbar
By John Lee. Prime Minister Mustafa Al-Kadhimi has laid the foundation stone for a new power station in the Al-Furat district of Anbar Governorate. According to a statement from the Media Office of the...
View ArticleGE to support Bazyan Power Plant in Sulaymaniyah
By John Lee. GE Gas Power has signed an agreement with Taurus Arm, owner of the 500 megawatts (MW) Bazyan Power Plant, to provide parts, repairs, and services for two 9F.04 gas turbines at the facility...
View ArticleGE signs Electricity MoU with Iraq
By John Lee. The Prime Minister of Iraq, Mohamed Shia Al-Sudani, has presided over the signing of a memorandum of understanding (MoU) with the American company General Electric (GE). The memorandum...
View ArticleBaghdad Seeks to Buy More Gas From Iran
Iraq's Minister of Electricity, Ali Fadel, has stated that his country is currently in the process of finalizing a contract to purchase gas from Iran in the summer season. In a recent interview with...
View ArticleGE Services Iraqi Gas Turbines
By John Lee. GE Gas Power along with teams from Iraq's Ministry of Electricity, have reportedly serviced and upgraded a total capacity of 1400 MW through several gas turbine service and upgrade...
View ArticleTrump "Would Support" Siemens in Iraq
By John Lee. The CEO of Germany's Siemens has said that US President Donald Trump would support his company's role in reconstruction projects in countries like Iraq. Joe Kaeser (pictured) made the...
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 Article$8bn New Iraqi Energy Agreements with US Firms
The following commercial agreements worth as much as $8 billion were reached during a signing ceremony between U.S. energy companies and the Government of Iraq on August 19, 2020: Honeywell and the...
View ArticleCabinet tightens up on Public Sector Salaries
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet decided to: Approve the recommendations...
View ArticleGE Synchronizes Gas Turbines at Zubair Power Plant
By John Lee. GE Gas Power has said it has "marked a major milestone" by synchronizing two GT13E2 gas turbines to the national grid at the Zubair Permanent Power Generation Plant. The facility is owned...
View ArticleGE, Kapita to support up to 50 Iraqi Microbusinesses
GE partners with Kapita to drive growth of Iraqi entrepreneurship ecosystem As part of its ongoing commitment to support Iraq and its people through the acceleration of socio-economic progress, GE has...
View ArticleIraqi Dep PM discusses Gas-to-Energy Projects with GE
By John Lee. During a meeting with a delegation from General Electric Energy, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil expressed the government's commitment to supporting...
View ArticleIraqi PM Meets with US Firms to Enhance Economic Partnerships
By John Lee. Iraqi Prime Minister, Mr. Mohammed Shia Al-Sudani, met with several American corporate leaders and representatives in New York on Thursday evening (local time) during his participation in...
View Article
