BP and the Iraqi government have reached a comprehensive agreement to invest $25 billion in the redevelopment of four significant oil and gas fields in Kirkuk. This strategic partnership aims to enhance Iraq's oil production capacity and modernize its energy infrastructure, marking a pivotal step in the country's economic development.

Iraq's Ministry of Justice has announced its victory in a $1 billion arbitration dispute brought by the German firm AHG over a failed investment project. The ruling, delivered by an international tribunal, underscores the strength of Iraq’s legal defense and its growing confidence in handling cross-border disputes.

Iraq's non-oil sector experienced a 5% GDP growth in 2024, with expectations of a 4% increase in 2025, attributed to advancements in agriculture and public spending, as reported by the Finance Minister and supported by IMF findings.

The Iraqi Ministry of Transport has officially handed over detailed cadastral maps to four southern provinces—Dhi Qar, Muthanna, Diwaniyah, and Basra—as a strategic step to accelerate implementation of the Development Road Project. These documents will enable local governments to initiate land acquisition procedures essential for launching one of Iraq’s most ambitious infrastructure initiatives.

On May 16, 2025, Iraq’s Minister of Electricity inaugurated the expansion of the West Baghdad Power Station from 1250 MVA to 1500 MVA, a key move to reduce grid congestion in western Baghdad and Fallujah. The upgrade supports the government’s 2025 Summer Preparedness Plan and reflects the country’s ongoing efforts to modernize its energy infrastructure.

The Iraqi Ministry of Electricity has announced a significant initiative to promote the adoption of solar energy in homes. A new proposal under review aims to eliminate loan interest for citizens installing solar power systems, alongside a simplified application process and extended repayment terms. This step marks a key move toward sustainable energy and easing the burden on Iraq's national grid.

On April 1, 2025, Iraq officially activated the Transports Internationaux Routiers (TIR) system, marking a significant milestone in the nation's efforts to modernize its trade and transport sectors. This development positions Iraq as a pivotal trade hub in the Middle East, promising reduced transit times, lower costs, and streamlined customs procedures.

Iraq is making significant strides toward a sustainable energy future. Prime Minister Mohammed Shia Al-Sudani has announced the establishment of the Carbon Economy Company and the launch of the nation's first International Conference on Carbon Economics. These initiatives aim to attract global investment, reduce carbon emissions, and diversify Iraq's energy sector by embracing renewable sources and innovative environmental strategies.

Opening a branch office is a rapid, capital-efficient way for an international company to enter a new market. Because the branch remains part of the parent company’s legal personality, all liabilities, taxes, and compliance duties flow directly back to headquarters. This article explains—without marketing embellishment—the exact concept of the foreign branch, the worldwide legal frameworks that govern it, the standard documentation every jurisdiction requires, the tax and accounting consequences of “permanent establishment” status, and the practical advantages and risks that executives must weigh before they file.

As part of its annual fisheries enhancement strategy, Iraq’s Ministry of Agriculture has released 250,000 fingerlings of carp species into the Tigris River in northern Baghdad. This initiative aims to strengthen national food security, diversify income sources, and preserve native fish biodiversity, while supporting the country’s aquaculture development.

Iraq is rapidly evolving into a strategic business hub. Fuelled by high oil revenues, bold infrastructure programs, improved governance, and a dynamic non‑oil sector, the country offers unique advantages—from access to regional markets to development incentives. This article highlights the key drivers that make Iraq a compelling destination for global investors.

Iraq has officially rolled out the TIR international transit system across all its border crossings, aiming to strengthen its trade capabilities and regional connectivity. The system is expected to enhance Iraq’s position in global commerce and support infrastructure development as part of a broader strategic vision.

The UK’s new DMCC Act, effective April 2025, gives the CMA power to fine firms up to 10 % of global turnover for consumer‑law breaches without court action, applies extraterritorially to any business affecting UK consumers and has already reshaped enforcement in cases such as Amazon’s fake‑review probe. Firms worldwide must adopt proactive compliance or face swift, severe penalties.

Saudi Aramco, officially known as the Saudi Arabian Oil Company, is the world’s largest integrated oil and gas company. Founded in 1933 and fully owned by the Kingdom of Saudi Arabia, Aramco has developed into a global leader in energy production, refining, petrochemicals, and gas development. With massive reserves, unmatched production capacity, and financial dominance, the company is pivotal to global energy security and the economic ambitions of Saudi Arabia’s Vision 2030.

Basra Oil Company (BOC) — a wholly state‑owned entity under Iraq’s Ministry of Oil — dominates domestic oil output and export operations from the country’s southern super‑giant fields. Based in Basra and controlling assets like Rumaila and Majnoon, BOC directs more than 80% of Iraq’s total oil production and export capacity, including nearly all cargoes shipped from southern ports. The company also co‑leads major infrastructure projects like the 4.56 billion USD Basrah–Haditha pipeline approved in December 2024. With an annual capacity to add 200,000 bpd if requested by OPEC, BOC remains the unrivaled anchor of Iraq’s hydrocarbon sector. (Data current as of mid‑2025.)

Commercial Law (also known as Business or Mercantile Law) governs the rules, rights, and obligations associated with trade, transactions, and commerce. In contrast, Corporate Law (or Company Law) deals with the internal structure, governance, and legal lifecycle of corporate entities. Although both fields intersect, their core foci are distinct: one regulates how businesses engage in the marketplace, the other governs how companies are constituted, managed, and dissolved.

Despite its challenges, Iraq is re-emerging as a frontier market rich in untapped potential—thanks to generous investment incentives, strategic infrastructure projects, and growing economic stability. This article highlights five compelling reasons why foreign investors should consider Iraq as a high-opportunity destination.

The Iraqi Ministry of Planning has announced ambitious revenue targets within its 2024–2028 five-year development plan, projecting a total of IQD 710 trillion in revenues. The majority will stem from the oil sector, while non-oil revenues will contribute significantly to diversifying the economy. The plan also outlines substantial investment allocations to achieve targeted economic growth and sectoral development.