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The President of United States of America, Barack Obama announced good news for Iraq and its economy. The immunity funds freeze as the result of chapter vii sanctions by United Nation, are issued to the Iraq development funds. The united nation has lifted sanctions from immunity funds of Iraq available in the different foreign banks.

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.

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.

Last night the President of United States of America, Barack Obama announced in the press release that United States of America will issue these immunity funds into development fund for Iraq. it shows that Iraq is going to get control over its foreign funds available in the different foreign banks, especially in United States of America.

It was reported that the European stocks fell on Friday because of the increase in the geopolitical tensions that made President Barack Obama increase the air strikes in Iraq. The first index fell by 300 points at 0708 GMT, the FTS Euro first was a major European company share that lead to 0.9 percent loss and 1302.48 points. This loss has added to the total loss of seven percent that has taken place since the past 8 weeks almost.