Updates, News & Events

Iraq Business Enviroment

IBBC hosted a two-day retreat with distinguished guests such as Dr Barham Salih, the former President of Iraq; former Deputy Prime Minister and Finance Minister, Dr. Ali Allawi; and H.E Mr Razaq Muhaibis Al Sadawi, Minister of Transport, on 23rd -25th September at...

Arbitration – Iraq

Multilateral conventions relating to arbitration Is your jurisdiction a contracting state to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards? Since when has the Convention been in force? Were any declarations or notifications made...

Rasmi Al Jabri Award of Excellence 2024

Hadeel Hasan: From Statistics Whiz to Legal Leader Hadeel Hasan is a testament to the power of ambition and resilience. With a degree in statistics, she began her career at a prestigious government institution, excelling quickly. However, her sights were set on a...

Legal Precedent by Al-Hadeel Al-Hassan Law Firm Re-trials Foreigner Convicted of Fraud Involving Billions of Iraqi Dinars and Releases Him

Legal Precedent by Al-Hadeel Al-Hassan Law Firm Re-trials Foreigner Convicted of Fraud Involving Billions of Iraqi Dinars and Releases Him Lawyers from Al-Hadeel Al-Hassan Law Firm were able to persuade the competent courts and the Public Prosecution Presidency to...

Waiver of all penalties and interest accrued on income tax for all taxpayers in Iraq

Our Dearest Business Partner: We are writing to inform you of a significant development regarding tax liabilities in Iraq, as per the Council of Ministers Resolution No. 24074 dated January 23, 2024. This new legislation provides a potentially beneficial opportunity...

Exploration and Production Iraq’s Round 5(+) and 6 Licensing Rounds

Exploration and Production Iraq’s Round 5(+) and 6 Licensing Rounds Since the Iraqi upstream sector opened to private sector investment in 2008, the country has added over 2 million barrels per day of oil production. To support the country’s continued economic...

Round Table Meeting with the International Finance Corporation

Round Table meeting with the International Finance Corporation Part of the March 3rd, 2024, round table meeting with Ms. Héla Cheikh Rouhou, Vice-President, Middle East, Central Asia, Türkiye, Afghanistan, and Pakistan (MCT) at International Finance Corporation (IFC)....

IBBC trade mission 2024 – Baghdad

IBBC Trade Mission Delegation - 2024 Delegations meet with ministers and high-ranking officials to discuss future policies and opportunities for growth as well as focusing on business opportunities. Part of the March 3rd, 2024 meeting with HE Mr. Mohammed...

2024 Trade Mission – IBBC

IBBC regularly undertakes trade missions to Iraq to further the business interests of its members and to facilitate dialogue with influential Iraqi political and industry figures. Delegations meet with ministers and high-ranking officials to discuss future policies...

Success Story – New Achievement

We are pleased to announce our recent success in a significant case for one of our clients; a company owned 99.8% by one of the Iraqi banks. Through the continuous effort, dedication, and expertise of our legal team, a decision was reached in favor of our client in...

The Decision of the Unconstitutionality of KRG Oil & Gas Law

Iraqi Federal Supreme Court Issue a Decision of the Unconstitutionality of KRG Oil & Gas Law Brief summary: On 15th of February 2022, the Federal Supreme Court of Iraq (“Supreme Court”) issued a judgment that it's binding to all authorities in Iraq regarding (i)...

Part of our Attendance to Hounslow Festival of Business 2022

We were delighted to be invited by the Hounslow Chamber of Commerce – London to attend the Hounslow Festival of Business 2022 to discuss business in Iraq, held in London on February 24th, 2022. Part of our participation    

Iraq Joins the Patent Cooperation Treaty

  Iraq Joins the Patent Cooperation Treaty   As per the publication by the Iraqi Ministry of Foreign Affairs on 1 of February 2022, the Permanent Representative of the Republic of Iraq to the United Nations Office in Geneva deposited the instrument of Iraq's...

Letter of Credit

  Letter of Credit (LC)   Letter of Credit or (LC) is one of the banking operations that play a significant role in trade and international exchange, so what is meant by documentary credit, how is it opened, and its effects.    Definition of the Letter...

Construction in Iraq 2022

We are pleased to announce publishing our Construction report for the year 2022 in Iraq by Lexology Under the Iraqi Investment Code No. 13 of 2006 and the Regulations of Investment No. 2 of 2009 (as amended), Iraqi or foreign investors enjoy all benefits, facilities...

State of Natural Gas in Iraq Market

  State of Natural Gas in Iraq Market State if Natural Gas in Iraq Market: Natural gas is either processed and extracted as a free gas found in natural gas fields and patches in dry or wet format or associated with or dissolved in oil production. The latter is...

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