The recent issue of the Iraq Capital Markets Newsletter dated 15 Feb which I have a copy of the newsletter and It gives a little insight as the possible direction and not concrete as of yet since the Foreign Investment Law regulations and bylaws still need to be published in the Gazzette.
An excerpt is written below from the newsletter:
The law opened all areas of investment before Iraqi and foreign investors except for activities that are excluded and those are:
– Investment in oil and Gas extraction and production
– Investment in Banks and Insurance companies
Send an email if your interested in reading the newsletter. The file is 2 megs.
Remember, they are still trying to work the details on the Rules and Bylaws of the FIL.