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Many other security companies from different countries of the world wished to win this contract in the last two months. But Iraq was willing to renew this contract with United States Of America Company. One of the finance committee member informed that the contract is almost in the final stages for approval. Suddenly the news for cancellation of contract between Baghdad and Washington is surprising as the contract was almost approved by Iraq parliament.

Iraqi Dinar 123 News:- Iraq signed four contracts with UAE company "SK any Energy Hanks". Billions of Iraqi dinars will be spent on these contracts. The operational area of company will be the free zone of Zubair in Basra Province. The operational area is 20,000 square meters in the first phase and 1600 square meter in the second phase.

The central bank of Iraq announced on Wednesday about the contract it signed with an international company to manufacture the gold ingot. The international coin manufacturing company will manufacture the gold coins that will be sold to the general public in the country.

Both of the regions decided to enhance the oil trade in the region. Some new contracts are also signed by Kurdistan with Turkey to expand the oil contracts of Kurdistan with Turkey. The volume of oil trader will also be increased as a result of this new contract.

Few months ago the Central Bank of Iraq opened its office in Dubai and attracted number of foreign banks to invest and start their business activities in different cities of Iraq. Fransabank is one of those international banks that showed interest in opening new branch in Iraq.

Iraqi Dinar 123 News:- The breach of the contract after completion between Iraq and United States of America for the protection of Iraq foreign funds raised many technical and security questions about these foreign funds. Iraq does not want to renew the contract with United States and people are considering it as sensitive issue.

Stocks declare the value of shares for the month of December drop to about 105 billions dinars. And this was also a significant decline worth trading for the month of March and April and affected Iraq economic conditions. There were also the number of contracts which executed in the month of November which were 6075 contracts.

Central bank of Iraq introduced some new rules for the improvement of banking sector of Iraq. Now local and international companies can claim its loss with the central bank of Iraq in the case of failure of commercial banks in the performance of contract. According to guardianship rule, central bank of Iraq is responsible for any negligence on the part of commercial banks in any of the contract with foreign companies.

Kurds are ready to donate their right also provided that Baghdad provides for compensation for the victims of the Anfal genocide and forced displacement and the grievances of the Kurdish people toward contracts that they received as a result of the previous policies of successive governments.

Experts: Transfer Companies Entry in CBI Auction Can Trigger Dollar Smuggling Central bank of Iraq signed a contract with money exchanger companies to take part in the auction sales at central bank of Iraq. The purpose is to expand the auction of dollars at central bank.

In the first phase, Japanese company will have to construct three bridges by the July next year and the other development projects will be given to the company after the completion of this project. Iraq infrastructure and housing industry will monitor the whole contract and the new projects will be assigned according to the suggestions of this ministry.

Iraqi Dinar 123 News :- A new contract between the Wasit province and the Iranian government has signed for the free trade between both of the regions. This free trade zone will help Iraq to enhance trade activities in the market.

Many foreign banks are already operating in the country and number of new banks is applying for new branches on daily basis. Recently two Lebanon banks applied for new branches in Iraq and the procedure is under operation. Central bank of Iraq is trying to enhance the banking activities in the country that's why third party contract is made with different money transfer companies for the expansion of dollar trade in the country.

Iraqi Dinar 123 News:- In the recent meeting with Iranian President, the prime minister of Iraq Noor Al Maliki discussed about the gas contract with Iran. The Iranian President ensured Noor Al Maliki the completion of the project as soon as possible.

These armored vehicles will help security agencies to fight against such elements that want to destroy the important pillars of Iraq economy including oil wells. United States of America is selling 200 armored vehicles, 24 aircrafts that carry bombs to their targets, in this contract. The draft deal has been sent for final approval to the parliament of United States for final decision.

Iraqi Dinar 123 News:- Central Bank of Iraq takes Bank of Economy of Iraq under its guardianship after receiving several complaints about the performance of bank of economy. Bank of economy committed breach of contract with several foreign and local companies that negatively impacted the overall goodwill of Iraq and its banking system.