As a 501(c)(3) nonprofit, we depend almost entirely on donations from people like you.
We really need your help to continue this work! Please consider making a donation.
Subscribe here and join over 13,000 subscribers to our free weekly newsletter

The War Dividend: The British companies making a fortune out of conflict-riven Iraq
Key Excerpts from Article on Website of Independent (one of the UK's top newspapers)

Independent (one of the UK's top newspapers), March 13, 2006
Posted: November 11th, 2006

British businesses have profited by at least 1.1bn since coalition forces toppled Saddam Hussein three years ago. The company roll-call of post-war profiteers includes some of the best known names in Britain's boardrooms. The evidence of massive investments and the promise of more multimillion-pound profits to come was discovered in a joint investigation by Corporate Watch, an independent watchdog, and The Independent. The findings show how much is [at] stake if Britain were to withdraw military protection from Iraq. British company involvement at the top of Iraq's new political and economic structures means Iraq will be forced to rely on British business for many years to come. A total of 61 British companies are identified as benefiting from at least 1.1bn of contracts and investment in the new Iraq. But that figure is just the tip of the iceberg. It could be as much as five times higher, because many companies prefer to keep their relationship secret. The waters are further muddied by the Government's refusal to release the names of companies it has helped to win contracts in Iraq. The report acknowledges that British business still lags behind the huge profits paid to American companies. In five years, the 1.1bn of contracts identified in the report will be dwarfed by what Britain and the US hope to reap from investments. Highly lucrative oil contracts have yet to be handed out.

Note: For more powerful information on war-profiteering revealed by a highly decorated U.S. general see

Latest News

Key News Articles from Years Past