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It is very important to activate the economic cooperation system. This is needed for the betterment of the country; to increase the bilateral trade system and to develop the economic growth. It is important for the development of Iraq to have a good capital system managed in such a way that strategies implemented by the different organizations of the Arab and other economic expert companies around the world.

Iraqi Dinar 123 News:- The governor of Basra is thinking about working with any international bank to over economic issues. The reliance of the different banks form other countries is welcome in the province of Basra for a better management. With the international projects being set up things would work out in a much better way on the economic scale.

The oil and energy ministry of Turkey announced that the Kurdistan oil stock at Turkey port has reached 2.8 million barrels with the export of 100,000 barrels per day. It shows that the performance of oil industry is so good in Kurdistan. Kurdistan with the cooperation of Iraq is exporting crude oil in the international market via Turkey.

The central bank of Iraq sent 146 kg gold in the market for testing purposes. This gold is given to the different reputed jewelers in the Baghdad. The ministry of planning and development cooperation has assigned a task to monitor the performance and output of these gold ingots in the market. The ministry of planning and development make frequent visits to the different shops in Baghdad to ensure the CBI strategy.

Iraq demanded support from the Republic of Venezuela in his efforts to join the World Trade Organization (WTO), while stressing the need for cooperation between the two countries in all fields, especially in the field of economy and investment.

According to the CEBR (London's Centre for Economics and Business Research), the Gulf Cooperation Council (GCC) and World bank's report the foreign direct investment in Iran, Iraq, Lebanon, Egypt and Jordan is increasing with the every passing day. Iraq is taking lead in foreign direct investment against all other Middle East countries.

Iraq designed five years economic policy for its country to enhance the oil production and export of oil in the international countries. Central bank of Iraq with the cooperation of government struggled well to enhance the value of Iraqi dinar in the international market.

Iraq is looking to develop consensus with Kurdistan to approve annual budget because budget cannot be approved without cooperation of Kurdistan. The new ambassador of United States of America for affairs of Iraq will meet Noor Al Maliki by 25th May to discuss the present economic and political condition of Iraq. The Kurdistan and Iraq conflict will be at the top of the list in the discussion.

National Business Council of Iraq said that Iraq is rich country in the natural resources that need international efforts and cooperation to get maximum benefits from these available resources. The clashes between Iraq security forces and Sunni militants affected the economy of Iraq badly. The experts believe that there is no any military solution of Iraq situation.

Maj, Gen Qassim Atta, said that all towns between Baghdad and Samara, to the south are under the control of Iraqi security forces. But, the Al Qaim border crossing, north of Al Walid are still in the hands of ISIS militants. He also added that in cooperation with the Sunni tribes, the Iraqi security forces have taken back Al Walid, it connects Iraq and Syria.

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.

it was confirmed in a statement from Australia that the GDP would be 2.1 percent more by the year 2018. Several countries have shown interest in raising the GDP and the production of the different things that would enhance the different sectors. The basic support would be provided by the banks that would help in the improvement of the infrastructure of the different countries as well as the global structure.