Court Uncourt - Volume VII Issue 10

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Iraq’s oil wealth had paved the way for the nation toearn an elite social status amongst other MiddleEastern countries but its poignant socio-economic product mimicked that of a perilous low-income coun-try. Being a resource rich country, with a great demandfor capital and a small population, Iraq can tap intoforeign investments that will aid in fostering the econ-omy and boosting it to reach its potential. The latentbenefits of foreign investment in a developing country like Iraq go beyond the introduction of new capital. A broader avenue for export opportunities,attracting new businesses which have successful and established bases in various other marketsand the prospect of increased innovation and competition forges a strong case for foreigninvestment in Iraq. Nigeria is another such nation that has an immeasurable amount ofuntapped resources yet to be exploited to their full potential. Immense opportunities areavailable in industries like consumer goods, natural resources, tourism and entertainment.Foreign investment will boost the economy of this African country when associated with invest-ment in R&D, transfer of skills and greater ingenious manufacturing. This edition ofCourtUncourtillustrates distinctly the procedure of Company formation inIraq and Nigeria as well as expounds Bahrain’s recent legislation on employment andemployee rights. This edition also throws light on Saudi Arabia’s booming e-commercemarket and the appalling effects of parallel imports on the economy. Thank you, and we hope you have an insightful read!