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...

How to Improve the Effectiveness of the Agricultural sector in Iraq?

What was the situation in Modern Iraq? During the middle of the last century, Iraq's agricultural production was not significant but vital, especially before the development of the oil industry; at that time, agriculture contributed to around 8% of Iraq's GDP. During...

The World Bank Group Certificate of Appreciation

We are proud to announce this Certificate of Appreciation “The World Bank Group - Doing Business team would like to thank you for your valuable contribution to Doing Business research, especially during the global and personal difficulties of the pandemic.” World Bank...

Welcome to Iraq – Visa Waiver Announced!

As of March 15, 2021, the Iraqi government launched an exceptional program to support the movement of investment and work in Iraq by raising the requirement to obtain an entry visa before arriving in Iraq for citizens of:   The permanent members of the UN...

Iraq acceded to the New York Arbitration Convention of 1958

Iraq’s Ratification to the New York Convention of 1958 on the Recognition of Foreign Arbitration Awards “Convention” The Iraqi Council of Representatives voted on 3/4/2021 on the law of Iraq's accession to the Convention on the Recognition and Implementation of...

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