After the defeat of terrorism in Iraq, the country entered a new era of economic growth in all aspects and became a promising market that attracts foreign investments in the country. Iraq's recent history has been characterized by unrest, an ever-changing political regime, and economic fluctuations. These conditions, by their very nature, necessitated that new laws and regulations be introduced in order to adapt and amend the Iraqi legal framework as per the requirements of the changing regimes. The focus of this article will be on Iraq Law No. 13/2006 on the Investment Law as amended by Iraq Law No. 50/2015 Amending the Investment Law.