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...

HHL Attends U.K. Business Forum to Discuss Opportunities in Iraq

Nov 22, 2019

November 13, 2019 - HHL attended a forum on business opportunities in Iraq for enterprises. Through strategic partnership, the mission of this forum is to bring commerce to Iraq by providing a gateway for U.K. entities to enter the marketspace. Organized by the...

Hadeel Hasan Selected for Prestigious Program

Oct 28, 2019

October, 2019 - We are proud to announce that our Senior Managing Partner, Ms. Hadeel Hasan has been nominated as a member of the EY Entrepreneurial Winning Women MENA Class of 2019. EY Entrepreneurial Winning Women MENA is a year-long executive mentorship program...

Iraqi Visas Issued in 72 Hours

Aug 4, 2019

On 23 October 2018, the Iraqi Ministry pf Interior has issued significant facilitation circular pertaining to visa issuance to the businessmen, investors and directors of major companies operating or willing to operate in Iraq by authorizing the Director General of...

2019 Update on Iraqi Laws

Feb 5, 2019

Stay up-to-date on new information! Check out the link below to see CMS’s 2018 Getting the Deal Through Report containing latest updates on Iraqi laws. Get the update

Federal Budget Of 2019

Jan 24, 2019

This is an update regarding today’s voting by the Iraqi parliament approving om the approval of government’s 2019 budget at US$88.6 billion which contains one of the largest spending bills; whereby the calculation of revenues from the export of crude oil is set at a...

VIP Taxpayer Dedicated Bank Accounts

Oct 31, 2018

The General Commission of Taxes in Iraq “GCT” and to facilitate the depositing of tax payments or settlements thereof, opened two new bank accounts in Al-Rafidain Bank for to receive said payments from VIP Taxpayers (major corporations operating in Iraq) to cover...

Effect Of General Conditions Of Contracts VS. Standard Documents of Tenders

Sep 17, 2018

Content of Publications:The current direction of the Iraqi Ministry of Planning in regard to the General Conditions for Engineering Contracting (Civil works version – Electrical, Mechanical and Chemical works versions) was explained via letter No. 714/7505 dated...

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