Entries by Masood Muqdad

Iraq finance expo – 6th edition

With a special invitation, our firm takes great pride in participating in the 6th Annual Exhibition and Conference for Finance and Banking Services “Iraq Finance EXPO”. This distinguished event was successfully held at the Baghdad International Fair for three consecutive days, from July 15th and until July 17th, 2023. The event was organized by Iraq Business […]

Required Capital Increase for Licensed Banks in Iraq

Recent; The Central Bank of Iraq issued a decision, under letter number 9/2/439 dated 02 August 2023, obliging licensed banks operating in Iraq, both local and foreign, to increase their capital within specific limits and percentages as outlined in the decision. The decision also specifies the deadlines by which these banks must adhere to this […]

Obliging financial institutions to obtain the Central Bank of Iraq approval to increase/decrease its capital

For regulatory purposes; the Central Bank of Iraq – Banking Control Department, in accordance with its letter number 9\10\20657 dated 9th July 2023, obliges the Companies Registrar to have the Central Bank’s approval for any procedures related to increasing or decreasing the capital of financial banking and non-banking institutions, which is confirmed by the Companies […]

A Valued Addition to Our Team

Our firm extends its warmest welcomes for Esq. Omar Ghassan Al-Waswasi, an esteemed senior lawyer, recently joined our firm as the head of the litigation and consulting department. Esq. Omar brings with him unique experiences and qualifications, as he holds a Bachelor’s in Law and is licensed to practice the law profession with full authority […]

The Saudi-Iraqi Business Forum

The Saudi-Iraqi Business Forum: Enhancing Economic Collaboration Opportunities between Both Parties. On the 18th of June 2023, The Iraqi Federation of Industries organized a collaborative meet and greet event focused on expertise-exchange. This collaborative meeting between a number of large Saudi companies and other Iraqi companies, brought together several entrepreneurs and businesses from both economies […]