In accordance with paragraph 1 (b) of the Guidelines for the application of paragraphs 19 and 23 of resolution 1483 (2003), the Security Council Committee established pursuant to resolution 1518 (2003) concerning Iraq makes accessible a narrative summary of reasons for the listing for individuals and entities included in the sanctions list.
Al-Arabi Trading Company was listed on 26 April 2004 in connection with the measures contained in paragraph 23 (b) of resolution 1483 (2003), as “funds or other financial assets or economic resources that have been removed from Iraq, or acquired, by Saddam Hussein or other senior officials of the former Iraqi regime and their immediate family members, including entities owned or controlled, directly or indirectly, by them or by persons acting on their behalf or at their direction”
“Al-Arabi is the ultimate holding company for a number of companies that were engaged in military procurement for the former Iraqi regime. In 1991, Al-Arabi was identified in press articles as a Government of Iraq (GOI) entity involved in procuring parts and equipment for Iraq's nuclear and biological weapons and missiles programs.
Al-Arabi was formerly under the Military Industrial Commission and was claimed by Iraq to have been liquidated in November 1993. At that time, Al-Arabi was controlled by a Ministry of Industry and Military Industrialization subordinate called the Technical Corps for Special Projects (TECO or Techcorp).
Al-Arabi is the ultimate holding company for over 12 front companies. Al-Arabi owns 99 percent of the UK incorporated company Technology and Development Group Limited which in turn owns TMG Engineering Limited. TDG/TMG were involved in Iraq's arms procurement network during the late 1980s.”