Tuesday, October 13, 2026English edition
EN FRTry Talia free
The Geopolitician

Country risk, from the local press

Iraq · Country watch

Iraq Investment Law Changes, Oil Price Drop

Iraq plans to amend its investment law, while oil prices drop, impacting energy and investment sectors.

· · 5 sources

The picture Mixed

Business conditions in Iraq are mixed today. Proposed changes to the investment law could improve the investment climate, while falling oil prices may reduce costs for energy firms. However, the overall impact varies across sectors.

In this briefing Adnan Fayhan · Iraqi Council of Representatives · National Investment Commission · Osman Dione · Ali Saad Wahib · World Bank · Iraq Ministry of Electricity · Brent Crude · West Texas Intermediate · Basim Mohammed Khudair

Regulation

  • finance
  • public-sector

Iraq's Investment Law Amendments Discussed

A parliamentary workshop was held to discuss proposed amendments to Iraq's Investment Law No. 13 of 2006, according to Iraq Business News. The session was convened by the Iraqi Council of Representatives' Investment and Development Committee, under the patronage of Deputy Speaker Adnan Fayhan. The National Investment Commission (NIC) reported that the workshop was attended by members of the investment community and government officials. The proposed changes aim to improve the investment climate in Iraq by addressing existing legal and bureaucratic hurdles.

Impact Investors in Iraq may see a more favorable legal environment as the investment law is amended.

Sources: Iraq Business News ↗

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

  • energy

World Bank to Support Iraq's Electricity Sector

The World Bank has discussed expanding cooperation with Iraq's Ministry of Electricity to develop the country's power infrastructure, Iraq Business News reports. World Bank Vice President for the Middle East and North Africa, Osman Dione, met with Minister of Electricity Ali Saad Wahib to focus on priority projects. This collaboration aims to enhance Iraq's electricity sector, addressing critical infrastructure needs and improving power supply reliability.

Impact Electricity providers in Iraq may see increased opportunities for development and investment in infrastructure projects.

Sources: Iraq Business News ↗

Markets

  • energy

Brent and WTI Oil Prices Fall on Supply Expectations

Brent and WTI crude oil prices fell amid expectations of increased global oil supply, PUKmedia Kurdish reports. The decline in prices follows recent geopolitical developments that suggest a potential stabilization in oil output from major producers. The market is reacting to signals that supply will rise, which could alleviate some pressure on energy costs globally.

Impact Energy companies and importers in Iraq may face lower costs as oil prices decrease.

Sources: PUKmedia Kurdish ↗

Trade

Nothing significant reported today.

Politics

  • energy

Iraq and Saudi Arabia Discuss Energy Cooperation

Iraq's Oil Minister Basim Mohammed Khudair and Electricity Minister Ali Saadi Waheeb met with Saudi Energy Minister Prince Abdulaziz bin Salman in Riyadh to discuss energy cooperation, according to Iraqi News. The talks focused on extending collaboration in oil and electricity sectors between the two countries. This meeting is part of ongoing efforts to strengthen bilateral ties and enhance energy security in the region.

Impact Energy firms operating in Iraq and Saudi Arabia may benefit from enhanced cooperation and potential joint projects.

Sources: Iraqi News ↗

Also today in Iraq

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

All Iraq briefings →

The same day elsewhere