News

approval of the new Retirement and Social Security Law for Workers, Law No. (18)

Officially, the Presidential Office of the Republic of Iraq has approved the Retirement and Social Security Law for New Workers, Law No. (18) of 2023. This law was published in the Iraqi Official Gazette, Issue No. 4734, on August 28, 2023,…

the Iraqi Bar Association 90th anniversary

In honor of the 90th anniversary since the founding of the esteemed Iraqi Bar Association, we extend our congratulations and kindest greetings to all esteemed colleagues, wishing them all the success and prosperity, and hoping for the continued…

Celebrating Mr. Thulfiqar’s Master’s Degree Achievement

We're excited to share that Mr. Thulfiqar Husam Abdul Ameer, one of our motivated lawyers, has successfully earned a Master's degree in Law. This shows his dedication to growing both personally and professionally. With this higher education,…

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…

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…

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…