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Iraqi Dinar 123 News :- The Islamic banking System is a good system for Iraq to attract businesses and gain maximum benefits from it. According to experts, it is important that the commercial banks should bring business in its bets form to earn the maximum profit for the betterment of the public.

Iraq officially requested USA for air strikes on the specific camps of Islamic militants in the different cities of Iraq that are under the control of these militants now. Along with many other available options USA is also looking for drone attacks in Iraq against Islamic Militants of ISIS.

Abu Dhabi Islamic Bank has been given clearance to open a branch in Basra, Iraq. This is a great step as it would help in facilitating trade and make other financial transactions. This would help in expanding business and maintaining good relations between the two countries. Much needed for Iraq, it would be quite helpful in future.

The economy of Iraq is not going down as some of the people were expecting when Islamic Militants attacked through the Northern areas of Iraq. Most of the people considered Maliki's administration for this security crisis in Iraq.

The ISIS or Islamic State in Iraq and Syria has announced that they have opened their own bank in the City of Mosul to provide loans and to compensate for mangled currency, in order to financing and to raise the business for terrorist organizations.

Comprising mostly Sunni Muslims, ISIS is an al Qaeda splinter group that wants to establish a caliphate, or Islamic state, that would stretch from Iraq into northern Syria. The group has had substantial success in Syria battling Syrian President Bashar al-Assad's security forces.

The political and law and order situation of Iraq is worst in Iraq ever than before. Mosul, Tirkit and Kirkuk are under the control of Islamic militants ISIS. The policemen, soldiers and other government officials are running from these cities in the civil dress.

Despite the claims of security forces of Iraq, the militants advancement is continue towards Baghdad and now they are in Baquba, the city near Baghdad. According to recent BBC reports, the militants have gained the control of this city and now so close to Iraq capital city Baghdad that is the destination of Islamic militants ISIS.

The government of Iraq requested United States of America for air strikes on Sunni Militants marching towards Baghdad. Noor Al Maliki said that these militants are big threat for America and Europe; therefore it is in favor of US to attack these militants. Noor Al Maliki is disappointed with the latest news from all over the country of the control of Islamic Militants over numbers of important cities of Iraq, including one of biggest oil refinery of Iraq in Baiji.

The US Joint chiefs of Staff briefed to the Congress that the Iraqi government has asked to the United States that the Iraqi government needed to use the US air power in the conflict against the ISIS militants. The ISIS (Islamic State in Iraq and Syria) is a branch of Al Qaeda, in which most of the militants are Sunni Muslims. This group has a success story in Syria, they are batting Syrian President Bashar Ul Assad's security forces.

The bank management gave out he statement so that the conversions can be done in the Islamic countries and the North along with the other two banks are managing the different things for a better management of the instruments with the legal ways. The money was basically stolen by the employees of the bank and it was the responsibility of the management to recover the money as soon as possible.

It was shown on Saturday that Rasheed Bank wanted to announce and show the properties of the investors to increase the profits in several provinces under specific circumstances. Mohammad Kazem, the bank director reported that the bank would open its branches in Erbil, Dohuk and Sulaymaniayah with an Islamic banking branch opening in Erbil for the benefit of the clients.

We have seen extraordinary rise in the commodities in Iraq since the situation has become instable by the clash between Iraq security forces and Islamic State for Iraq and Syria (ISIS) a Sunni militants group. People in Iraq are piling the vegetables and other eatables in their home to avoid any shortage of these commodities ...

Iraqi Dinar 123 News:- Iraq is an oil rich Arab country and like many other Arab states is trying to develop good relation with the world. Iraq is trying to start bilateral trade with the other Arab states and international economic organizations like Organization of Islamic Cooperation.