Word on the Street Thursday 2/23/17:
TNT CONFERENCE CALL WEDNESDAY 2/22/17 DC NY CALL RECAP:
Good afternoon TNT Superfantastic Family. Today is Wednesday hump day. We are looking for some exciting things to unfold right before our eyes. Info wise. It is very quiet. Monday Quiet, now back to quiet. What is going on? One would think it would be a exciting day. People in Iraq saying there is a ban on the dollar and being made public. We did learn articles out regarding banning the US Dollar, and most of us know what that means. We are looking at all the conditions for Iraq to be sovereign and using its own currency. That pretty much says it. It is the next morning, and we can say here it comes. That is pretty much the news yesterday. On TV, it was talking about eliminating the Dollar in Iraq and about Maliki. There was an article on Rafidain banks accepting deposts in both US dollar and dinar, and now they are looking for customers to do deposits in Dinar. That would make sense if there is a ban on the USD and supporting info that they may be a reality. That is the game plan to ban the US dollar in Iraq. Kurdistan is ahead of the curve, and we heard much from there that we believe is to be true. That is what we are hearing, and all the info is lining up. Nothing to report on the US side. That is it. We have members going into the banks, and it appears they are more aware of what is happening. Bankers are telling customers that I have you on my list. We are receiving reports from our members and not surprising info. It is about darn time info. We know things are coming but just don't know when. That is it intel wise, so lets entertain some questions: Q & A: Q: Ray did you really think we would be exchanging this month? Ray: Yes, I believe we will be exchanging this month. Q: Would you speculate on the current rate of .83 cents and is it the initial rate? What are we looking for contract rates and what to expect. Ray: I would think current rate of .83 cents is possible. I don't know what to expect for contract rates. Q: 1.2 dinar to the dollar is that the in country rate? Ray: I don't know that to be the situation but proposed to be in that time frame. Q: Do you still think dinar, dong and zim will come out at the same time? Ray: Yes I do. Caller: Catnip: In country rate 1 to 1. Has there been any change? Ray: I do not know of any change yet. Caller: Is it safe going to the banks or an outside places regarding trusts? Ray: It may be a plus of going to bank, and the minus you may not get what you are looking for regarding a Trust. Banks are in the bank business and not in the estate planning business. Caller: 972 You mention $ 1.2 dinar to USD soon as Mosul was complete. Ray: That would be .83 cents. The RI would start low and would increase. Here in the US, I believe it would be an International rate of $3.41 and go upwards. We are just in the waiting stage and don't know when it will pop. We make sure that we are ready when it comes. We continue to be ready when it does happen. Everything is hour by hour, day by day. It could pop anytime. All technical info has come to a green light ready to go. Everyone is happy, but something is still preventing from it happening today. We just have to wait it out and see what is happening. Monday was quiet, Tuesday it was popping. Banks are training more people, and all of it looks good and extremely positive. I don't see why we would not be finished within the month of February. It could be wrapped up by Friday, but we just don't know. If any other opportunity presents itself along the way, we will take advantage of that. In the meantime, we will make time as productive as possible. This could be the final week and may go to next week. I am still here with this month, and it will wrap up sooner or later. Long as it becomes reality, that is all that matters. I do Believe it will sooner than later. Enjoy your day! Excited about your future. It is already done! Rayren98
Good afternoon TNT Superfantastic Family. Today is Wednesday hump day. We are looking for some exciting things to unfold right before our eyes. Info wise. It is very quiet. Monday Quiet, now back to quiet. What is going on? One would think it would be a exciting day. People in Iraq saying there is a ban on the dollar and being made public. We did learn articles out regarding banning the US Dollar, and most of us know what that means. We are looking at all the conditions for Iraq to be sovereign and using its own currency. That pretty much says it. It is the next morning, and we can say here it comes. That is pretty much the news yesterday. On TV, it was talking about eliminating the Dollar in Iraq and about Maliki. There was an article on Rafidain banks accepting deposts in both US dollar and dinar, and now they are looking for customers to do deposits in Dinar. That would make sense if there is a ban on the USD and supporting info that they may be a reality. That is the game plan to ban the US dollar in Iraq. Kurdistan is ahead of the curve, and we heard much from there that we believe is to be true. That is what we are hearing, and all the info is lining up. Nothing to report on the US side. That is it. We have members going into the banks, and it appears they are more aware of what is happening. Bankers are telling customers that I have you on my list. We are receiving reports from our members and not surprising info. It is about darn time info. We know things are coming but just don't know when. That is it intel wise, so lets entertain some questions: Q & A: Q: Ray did you really think we would be exchanging this month? Ray: Yes, I believe we will be exchanging this month. Q: Would you speculate on the current rate of .83 cents and is it the initial rate? What are we looking for contract rates and what to expect. Ray: I would think current rate of .83 cents is possible. I don't know what to expect for contract rates. Q: 1.2 dinar to the dollar is that the in country rate? Ray: I don't know that to be the situation but proposed to be in that time frame. Q: Do you still think dinar, dong and zim will come out at the same time? Ray: Yes I do. Caller: Catnip: In country rate 1 to 1. Has there been any change? Ray: I do not know of any change yet. Caller: Is it safe going to the banks or an outside places regarding trusts? Ray: It may be a plus of going to bank, and the minus you may not get what you are looking for regarding a Trust. Banks are in the bank business and not in the estate planning business. Caller: 972 You mention $ 1.2 dinar to USD soon as Mosul was complete. Ray: That would be .83 cents. The RI would start low and would increase. Here in the US, I believe it would be an International rate of $3.41 and go upwards. We are just in the waiting stage and don't know when it will pop. We make sure that we are ready when it comes. We continue to be ready when it does happen. Everything is hour by hour, day by day. It could pop anytime. All technical info has come to a green light ready to go. Everyone is happy, but something is still preventing from it happening today. We just have to wait it out and see what is happening. Monday was quiet, Tuesday it was popping. Banks are training more people, and all of it looks good and extremely positive. I don't see why we would not be finished within the month of February. It could be wrapped up by Friday, but we just don't know. If any other opportunity presents itself along the way, we will take advantage of that. In the meantime, we will make time as productive as possible. This could be the final week and may go to next week. I am still here with this month, and it will wrap up sooner or later. Long as it becomes reality, that is all that matters. I do Believe it will sooner than later. Enjoy your day! Excited about your future. It is already done! Rayren98
Forex Rates:
| USD/IQD | | | 1,147.8000 | 1,143.2000 | 1,143.2000 | | 07:11 |
| USD/VND | | | 22,438.0000 | 22,341.0000 | 22,341.0000 | | 07:11 |
| USD/CNY | | | 6.8830 | 6.8650 | 6.8749 | | 07:52 |
| USD/KWD | | | 0.3050 | 0.3044 | 0.3050 | | 04:13 |
| GBP/USD | | | 1.2498 | 1.2428 | 1.2441 | | 07:52 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,364.0000 | 13,329.0000 | 13,347.0000 | | 07:49 |
CNBC Link: http://www.cnbc.com/markets/
DC NY Iraq Articles:dd
Abadi discuss with Merkel's envoy for economic reform of the German government's support for Iraq
6 hours ago
Iraqi Prime Minister Haider al-Abadi, with the envoy of German Chancellor for economic and financial reform, Eckhard prominence and his accompanying delegation, on Wednesday, the German government's support for Iraq in terms of economic reforms.
Statement media department of the Iraqi government and he said he «was discussed during the meeting the German government's support for Iraq in the field of economic reforms and the stability of areas, and reform projects in all governorates.»
The German envoy on «the German government's support for Iraq in all fields and its keenness to provide all what would the continuation of the reform process in Iraq.»
Hundreds of projects stopped and the loss of 50,000 jobs in Dhi Qar
February 22, 2017Dhi Qar - Journal News
Province "of Dhi Qar," Council revealed 400 stops a government project in the service and development sectors, which caused a major recession and depriving more than 50 thousand workers of jobs.
The head of the Economic and Financial Committee in the provincial council, "Rashid Serail" for "Journal News that" almost stagnant economic activity in the province, due to the financial crisis faced by the country, which led to the suspension of 400 government projects in various service and development sectors, "and pointed out "the economic Committee of the Council already presented a study to the cabinet in this regard, and diagnosed the obstacles and proposed solutions as it deems appropriate, but the processors are still at a standstill."
He pointed to "more than 50 thousand workers for loss of employment opportunities and the impact of the labor market and the important economic activities in the province this, such as the trade of construction materials and the coefficient of bricks and the movement of transport, as a result of the negative effects of government projects stopped."
He added that "the province has investment opportunities for large projects as an airport Nasiriyah, an oil company Dhi Qar refinery in Nasiriyah oil and industrial city, and if it were to focus on the implementation, that the economy moving and provide many job opportunities for graduates, the unemployed can."
Iraq: rig the elections by a new law ensures the survival of the ruling parties
BAGHDAD Baraa al - Shammari
He raised asking Iraqi President Fuad Masum, draft a new election law , the ire of specialists, saw this as a new manipulation to keep the ruling party in power.
While calling for political blocs to merge the provincial elections , scheduled for September / September next parliamentary election , due early in 2018, it is considered Iraqi lawmakers that the merger gives some political blocs largest fraud chance.
The new law from its predecessors into a professor of constitutional law at Baghdad University, Jinan al - Qaisi, which confirmed for "new Arab" that "does not differ mixed electoral law put forward by the Presidency of the Republic does not meet the aspirations of the Iraqis , " adding that " the sponsor to keep the same faces in power."
Qaisi pointed out that " the new draft law divides seats each Iraqi province into two halves, the first half is distributed to the candidates of the blocks in descending order, here are the seats will go to the leaders of political parties who are able to collect the largest number of votes in their regions , which have begun to be shipped sectarian."
She added that " the other half of the seats distributed centrally, by relying on the mechanism of Saint Lego modified", warning of a return to the political class itself, in the event of Parliament voted on this law.
In addition, he said , " The strong alliance" by Mohammed Abdullah, said on Wednesday that " an agreement on the election law that satisfies all parties is essential to the integrity of the political process , " stressing during his interview with "new Arab", that the laws proposed projects, prepared behind the scenes presidency of the Republic and the "National Alliance" ruling without consulting political partners.
"Some political parties seeking to postpone provincial elections and integrate them with the parliamentary elections , " adding that insisting on a delay is an attempt to legitimize the elections law on the size of the political blocs during the deferral period, pointing out that " the mixed election law put forward by Fuad Masum , the type of fraud "noting that" most of the paragraphs of preventing the access of new parties to power. "
In a related context, he said a member of the Iraqi parliament from the "coalition forces," Mohammed al - Karbouli, he refuses to postpone provincial elections and integrate them with the parliamentary elections, stressing, during a televised interview, that the integration of more than an electoral process at the same time gives some political entities greater opportunity for fraud .
Karbouli and stressed the need to prevent the occurrence of selling votes that have taken place in the last election, referring to his desire to hold the elections on time.
And turned the Iraqi presidency to the parliament, on Monday, Iraq 's draft election law , the new, uncertain, said in a statement that the draft included a proposed mixed electoral law, Iraq is divided into 18 electoral districts.
According to the statement, " The new law will divide the seats in the single constituency into two types, the first distributed in accordance with the highest number of votes obtained by the candidate in the electoral district, and the second half is distributed according to the mechanism of Saint Lego modified."d
While calling for political blocs to merge the provincial elections , scheduled for September / September next parliamentary election , due early in 2018, it is considered Iraqi lawmakers that the merger gives some political blocs largest fraud chance.
The new law from its predecessors into a professor of constitutional law at Baghdad University, Jinan al - Qaisi, which confirmed for "new Arab" that "does not differ mixed electoral law put forward by the Presidency of the Republic does not meet the aspirations of the Iraqis , " adding that " the sponsor to keep the same faces in power."
Qaisi pointed out that " the new draft law divides seats each Iraqi province into two halves, the first half is distributed to the candidates of the blocks in descending order, here are the seats will go to the leaders of political parties who are able to collect the largest number of votes in their regions , which have begun to be shipped sectarian."
She added that " the other half of the seats distributed centrally, by relying on the mechanism of Saint Lego modified", warning of a return to the political class itself, in the event of Parliament voted on this law.
In addition, he said , " The strong alliance" by Mohammed Abdullah, said on Wednesday that " an agreement on the election law that satisfies all parties is essential to the integrity of the political process , " stressing during his interview with "new Arab", that the laws proposed projects, prepared behind the scenes presidency of the Republic and the "National Alliance" ruling without consulting political partners.
"Some political parties seeking to postpone provincial elections and integrate them with the parliamentary elections , " adding that insisting on a delay is an attempt to legitimize the elections law on the size of the political blocs during the deferral period, pointing out that " the mixed election law put forward by Fuad Masum , the type of fraud "noting that" most of the paragraphs of preventing the access of new parties to power. "
In a related context, he said a member of the Iraqi parliament from the "coalition forces," Mohammed al - Karbouli, he refuses to postpone provincial elections and integrate them with the parliamentary elections, stressing, during a televised interview, that the integration of more than an electoral process at the same time gives some political entities greater opportunity for fraud .
Karbouli and stressed the need to prevent the occurrence of selling votes that have taken place in the last election, referring to his desire to hold the elections on time.
And turned the Iraqi presidency to the parliament, on Monday, Iraq 's draft election law , the new, uncertain, said in a statement that the draft included a proposed mixed electoral law, Iraq is divided into 18 electoral districts.
According to the statement, " The new law will divide the seats in the single constituency into two types, the first distributed in accordance with the highest number of votes obtained by the candidate in the electoral district, and the second half is distributed according to the mechanism of Saint Lego modified."d
Electricity: the ministry's share of jobs and districts do not affect the contractors and not borne by other financial proofed
BAGHDAD / tomorrow Press
He attributed the official spokesman for the Ministry of Electricity Musab teacher, on Wednesday, the reason for the delay installing the employees contracts and daily wages in the Ministry of Electricity to the Finance Ministry, noting that exceptions to the appointment of the families of the martyrs and quotas ministry directorates do not affect the installation of 43 000 employees between employee and contractor.
He said the teacher, for "tomorrow's Press," that "the Ministry of Finance had previously allocated 12 000 degrees and careers of electricity in the year 2013 budget, the ministry has in its time creating files of all contractors 12 thousand, but the 2014 budget did not put allocations for proofed," noting that " 2016 budget also allocated a thousand degrees and careers, and did not give us the financial financial allocations. "
And between, "The Ministry of Electricity has 36 thousand member working formula decade and 7 thousands of member of daily wages, are unable proofed because the Ministry of Finance," pointing out that "this matter will reflect negatively on the performance of the Ministry of Electricity."
He said the teacher, "The ministry is committed to Bmentebhe, and Ashrkihm a training courses to build their capacity in preparation for confirmation," noting that "the duration of their service contract formula is calculated for the purposes of the bonus, promotion and retirement after installation."
He pointed out that "the single function degree, or Monday, whether that proved one of the persons within the share of families of the martyrs does not affect the 43,000 contractors and Wajir," stressing that "there are quotas for the headquarters of the ministry and the stakes for each General Directorate and this is not the root of the problem."
He said the teacher, "The ministry has decades of investment and operating contracts, winning and delays in salaries for contractors within the investment budget caused by the Ministry of Finance."
He attributed the official spokesman for the Ministry of Electricity Musab teacher, on Wednesday, the reason for the delay installing the employees contracts and daily wages in the Ministry of Electricity to the Finance Ministry, noting that exceptions to the appointment of the families of the martyrs and quotas ministry directorates do not affect the installation of 43 000 employees between employee and contractor.
He said the teacher, for "tomorrow's Press," that "the Ministry of Finance had previously allocated 12 000 degrees and careers of electricity in the year 2013 budget, the ministry has in its time creating files of all contractors 12 thousand, but the 2014 budget did not put allocations for proofed," noting that " 2016 budget also allocated a thousand degrees and careers, and did not give us the financial financial allocations. "
And between, "The Ministry of Electricity has 36 thousand member working formula decade and 7 thousands of member of daily wages, are unable proofed because the Ministry of Finance," pointing out that "this matter will reflect negatively on the performance of the Ministry of Electricity."
He said the teacher, "The ministry is committed to Bmentebhe, and Ashrkihm a training courses to build their capacity in preparation for confirmation," noting that "the duration of their service contract formula is calculated for the purposes of the bonus, promotion and retirement after installation."
He pointed out that "the single function degree, or Monday, whether that proved one of the persons within the share of families of the martyrs does not affect the 43,000 contractors and Wajir," stressing that "there are quotas for the headquarters of the ministry and the stakes for each General Directorate and this is not the root of the problem."
He said the teacher, "The ministry has decades of investment and operating contracts, winning and delays in salaries for contractors within the investment budget caused by the Ministry of Finance."
Kauaihn Iraq Articles:ddd
Russia responded to the proposal to withdraw the veto, including the Security Council
History of edits:: 2017/2/22 12:35 • 84 visits readable
{Mtabah- Euphrates News} State Department spokeswoman Russian Maria Zakharova said in his weekly press conference today on a proposal to withdraw Ukraine from Russia's veto in the Security Council that Ukraine begin arranging her house first.
She said: "With regard to Clemkin statements about the desire and pursuit of the proposal or to withdraw the veto power of Russia in the Security Council, I want to respond to him the advice: in the beginning must be arranged {the house}, and then move to improve the work of international mechanisms."
On the other hand Zakharova said that Russia in the Geneva talks on Syria will be represented by Director of the Middle East and North Africa Division, Sergei Vershinin.
She said: "I can confirm that the director of the Middle East and North Africa Division, Mr. Vershinin will be there {} in the negotiations in the event was attended by high-level representatives from the ministry, we will inform about it."
On the other hand Zakharova said that Russia in the Geneva talks on Syria will be represented by Director of the Middle East and North Africa Division, Sergei Vershinin.
She said: "I can confirm that the director of the Middle East and North Africa Division, Mr. Vershinin will be there {} in the negotiations in the event was attended by high-level representatives from the ministry, we will inform about it."
Hollande Barzani: continuous support for the region
History of edits:: 2017/2/21 22:25 • 149 visits readable
{Baghdad} Euphrates News confirmed French President Francois Hollande, Tuesday, that the security and stability continued in the Kurdistan region is an important criterion for France.
Holland said while talking to reporters with Kurdistan Region President Massoud Barzani in Paris, "I have visited sites that liberated by Peshmerga forces, which are completely safe and stable, and affirmed to President Barzani expressed our continued support for the Kurdistan region."
Hollande said, "You know very well that there is a personal relationship between me and President Barzani, and for this I am very happy with this visit."
For his part, thanked the President of the Region of French President "on the humanitarian attitude towards the Kurdistan region," noting that "Hollande responded to our appeal in the difficult days that we were out."
He said Barzani "We discussed the war against Daesh and how France will support the Peshmerga," persisting saying that "our dialogue were friendly and there is a convergence of views."
The head of the Kurdistan region, Massoud Barzani, has arrived on Tuesday, to the Elysee Palace, and was greeted by the French president, Francois Hollande.
This time is the fourth which receives French President, Francois Hollande, Barzani
http://translate.
Hollande said, "You know very well that there is a personal relationship between me and President Barzani, and for this I am very happy with this visit."
For his part, thanked the President of the Region of French President "on the humanitarian attitude towards the Kurdistan region," noting that "Hollande responded to our appeal in the difficult days that we were out."
He said Barzani "We discussed the war against Daesh and how France will support the Peshmerga," persisting saying that "our dialogue were friendly and there is a convergence of views."
The head of the Kurdistan region, Massoud Barzani, has arrived on Tuesday, to the Elysee Palace, and was greeted by the French president, Francois Hollande.
This time is the fourth which receives French President, Francois Hollande, Barzani
Agency: Iraq plans to discover 300 billion barrels of oil
2/2/2017 Direct: A member of the Parliamentary Commission on oil in Iraq, said that there are plans for exploratory more than 300 billion barrels of oil, added to Iraq's reserves, after making sure expectations cursor so it is, according to the Iraqi News Agency "conscious."
He said Mehdi al-Hafez, the number of wells that Iraq's oil reserves rose to 135 barrels of oil, after the recent discovery of oil wells, noting that there are hundreds of wells are still covered, according to the "conscious"
The Iraqi oil minister, announced on February 19 th, on the high volume of Iraqi oil reserves to 153 billion barrels .
Russian company announced a huge oil discovery in Iraq
Posted: 22.02.2017 | 10:39 GM "Lukoil" Russian said she successfully completed in cooperation with the company "Inpex" Japanese first extraction process of crude oil, low-sulfur in the "exploratory patch X" in southern Iraq.
And it showed "Lukoil" in a statement published Wednesday February 22 that the unit X contains large reserves of oil and gas, and that the discovery helped to get the flow rate of oil more than 1,000 cubic meters per day, which confirms previous geological studies.
In turn, the Iraqi Oil Ministry said that oil reserves to patch represents a new addition to Iraq's oil reserves, indicating that this area was one of the fields, which have contributed to add the amount to 10 billion barrels of oil reserves.
The director general Karim Hattab oil exploration company, to a consortium of "Lukoil" and "Inpex" has resulted in the discovery of huge oil reserves.
The coalition won "Lukoil" and "Inpex" in 2012 a license to develop the patch exploratory "X" in the province of Basra. Russian company's share in the project is 60%, compared with 40% owned by the Japanese company.
In addition to the field work, "Lukoil" to develop "West Qurna-2", after winning with the company "Statoil" Norwegian in 2009 right field, the largest field in the Iraq investment field
How the National Alliance responded to the leader of the Sadrist movement initiative??
22-02-2017 02:09 PM He explained Deputy for the National Alliance, on Wednesday, the position of the coalition of the initiative put forward by the cleric Muqtada al-Sadr to Mosul after the liberation from the control of the criminal organization Daesh.
The MP said Mohammed Chihod The 'see the Sadrists later Daesh not Taburan point of the National Alliance because they are not of it, "noting that" this vision are rejected by the political blocs'.
He added that the 'initiative could be discussed after the return of the Sadrists to the National Alliance to be a part of it and then ask their vision, such as the Supreme Council and the rule of law'.
The MP said Mohammed Chihod The 'see the Sadrists later Daesh not Taburan point of the National Alliance because they are not of it, "noting that" this vision are rejected by the political blocs'.
He added that the 'initiative could be discussed after the return of the Sadrists to the National Alliance to be a part of it and then ask their vision, such as the Supreme Council and the rule of law'.
Kauaihn Economic Times:
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GLOBAL/ NEWS/ INFO
Here are the places where millionaires are moving
The overall number of millionaire migrants is rising. Last year, 82,000 millionaires migrated worldwide, up from 64,000 in 2015.
Read more: http://www.cnbc.com/id/
OIL/COMMODITIES / ENERGY
The biggest gasoline glut in 27 years could be setting oil up for a crash
Business Insider
Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising U.S. oil production is acting as a counterweight. A new problem that has suddenly emerged is the record levels of gasoline sitting in storage. The market has already had to digest the fact that U.S. crude oil stocks were rising, and investors have done their best to explain away the trend. But now gasoline inventories are climbing to unexpected Read the full story
US oil holds near seven-week high; OPEC upbeat on output curbs
CNBC
U.S. oil prices held near seven-week highs on Wednesday after OPEC signaled optimism over its deal with other producers. Read the full story
Gold churns ahead of potential Fed rate-hike clues
MarketWatch
Gold prices churned little moved for a second straight day on Wednesday with investors reluctant to stick out their necks ahead of a highly anticipated Federal Reserve release. Read the full story
Gold prices steady as investors look for rate hike clues from Fed
Gold held firm on Wednesday after falling as much as 1 percent the session before.
Read more: http://www.cnbc.com/id/
OIL/COMMODITIES / ENERGY
The biggest gasoline glut in 27 years could be setting oil up for a crash
Business Insider
Business Insider
Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising U.S. oil production is acting as a counterweight. A new problem that has suddenly emerged is the record levels of gasoline sitting in storage. The market has already had to digest the fact that U.S. crude oil stocks were rising, and investors have done their best to explain away the trend. But now gasoline inventories are climbing to unexpected Read the full story
US oil holds near seven-week high; OPEC upbeat on output curbs
CNBC
CNBC
U.S. oil prices held near seven-week highs on Wednesday after OPEC signaled optimism over its deal with other producers. Read the full story
Gold churns ahead of potential Fed rate-hike clues
MarketWatch
MarketWatch
Gold prices churned little moved for a second straight day on Wednesday with investors reluctant to stick out their necks ahead of a highly anticipated Federal Reserve release. Read the full story
Gold prices steady as investors look for rate hike clues from Fed
Gold held firm on Wednesday after falling as much as 1 percent the session before.
Read more: http://www.cnbc.com/id/
BANKS / BANKING
3 banks just landed key roles on what could be the biggest IPO of all time
Business Insider
A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016, an exhibition and conference for the refining and petrochemical industries, in Manama, Bahrain, September 27, 2016. Oil company SaudiAramco [IPO-ARMO.SE] has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is Read the full story
These are the big banks that would benefit the most from a tax cut
Analysts Fred Cannon and Jeffery Harte discuss the impact of bank tax cuts on financials.
Read more: http://www.cnbc.com/id/
Wells Fargo terminates 4 senior managers in ongoing sales practices investigation
Wells Fargo says four current or former senior managers in community banking have been terminated.
Read more: http://www.cnbc.com/id/
Lloyds profit hits 10-year high as bank approaches full recovery
Lloyds Banking Group reported its highest full-year profit in a decade on Wednesday, as the taxpayer-backed bank nears a complete recovery from its crisis-era past.
Read more: http://www.cnbc.com/id/
China’s central bank leads charge to shine regulatory light on the risky business of shadow banking
China's financial watchdogs are considering casting a huge new regulatory net over the country's vast shadow banking sector, the SCMP reports.
Read more: http://www.cnbc.com/id/
Nigeria: Central Bank Injects $370.9 Million Into Interbank Forex Market
AllAfrica
BANKS / BANKING
3 banks just landed key roles on what could be the biggest IPO of all time
Business Insider
Business Insider
A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016, an exhibition and conference for the refining and petrochemical industries, in Manama, Bahrain, September 27, 2016. Oil company SaudiAramco [IPO-ARMO.SE] has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is Read the full story
These are the big banks that would benefit the most from a tax cut
Analysts Fred Cannon and Jeffery Harte discuss the impact of bank tax cuts on financials.
Read more: http://www.cnbc.com/id/
Wells Fargo terminates 4 senior managers in ongoing sales practices investigation
Wells Fargo says four current or former senior managers in community banking have been terminated.
Read more: http://www.cnbc.com/id/
Lloyds profit hits 10-year high as bank approaches full recovery
Lloyds Banking Group reported its highest full-year profit in a decade on Wednesday, as the taxpayer-backed bank nears a complete recovery from its crisis-era past.
Read more: http://www.cnbc.com/id/
China’s central bank leads charge to shine regulatory light on the risky business of shadow banking
China's financial watchdogs are considering casting a huge new regulatory net over the country's vast shadow banking sector, the SCMP reports.
Read more: http://www.cnbc.com/id/
Nigeria: Central Bank Injects $370.9 Million Into Interbank Forex Market
AllAfrica
(Photo: Leadership) As a follow up to its commitment to ease the difficulties Nigerians encounter in funding foreign exchange transactions, the Central Bank of Nigeria, CBN, on Tuesday intervened in the interbank FOREX market by injecting a total of $370.9 million to the wholesale market through 23 deposit money banks. The CBN said the intervention was to help the banks meet the requests of customers. PREMIUM TIMES learnt the qualified bids for the U.S. dollars ranged from N315 to N360, with Read the full story
(Photo: Leadership) As a follow up to its commitment to ease the difficulties Nigerians encounter in funding foreign exchange transactions, the Central Bank of Nigeria, CBN, on Tuesday intervened in the interbank FOREX market by injecting a total of $370.9 million to the wholesale market through 23 deposit money banks. The CBN said the intervention was to help the banks meet the requests of customers. PREMIUM TIMES learnt the qualified bids for the U.S. dollars ranged from N315 to N360, with Read the full story
TREASURIES/ BONDS/ STOCKS
US Treasurys edge higher; investors await economic data and Fed minutes
U.S. government debt prices were higher on Wednesday as investors focused on economic data and the latest minutes from the Federal Reserve.
Read more: http://www.cnbc.com/id/
Some hedge funds call time on stock market rally
Reuters
Stock market optimism about U.S. President Donald Trump's economic agenda is overdone and political risk in Europe isn't priced in, according to some hedge funds who are betting that the rally in equities is coming to an end. Read the full story
European stocks at yearly highs as euro pulls back, German sentiment rises
MarketWatch
European stocks edged up Wednesday, with a jump in Thyssenkrupp shares helping to push Germany’s benchmark through its highest level in nearly two years, while further weakness in the euro also provided support. Read the full story
TREASURIES/ BONDS/ STOCKS
US Treasurys edge higher; investors await economic data and Fed minutes
U.S. government debt prices were higher on Wednesday as investors focused on economic data and the latest minutes from the Federal Reserve.
Read more: http://www.cnbc.com/id/
Some hedge funds call time on stock market rally
Reuters
Reuters
Stock market optimism about U.S. President Donald Trump's economic agenda is overdone and political risk in Europe isn't priced in, according to some hedge funds who are betting that the rally in equities is coming to an end. Read the full story
European stocks at yearly highs as euro pulls back, German sentiment rises
MarketWatch
MarketWatch
European stocks edged up Wednesday, with a jump in Thyssenkrupp shares helping to push Germany’s benchmark through its highest level in nearly two years, while further weakness in the euro also provided support. Read the full story
Asian stocks edge up ahead of Fed minutes
MarketWatch
Asia-Pacific markets edged up Wednesday, building on overnight gains overseas as investors await the release of minutes from this month’s U.S. Federal Reserve meeting later in the global day. Read the full story
Asian stocks edge up ahead of Fed minutes
MarketWatch
Asia-Pacific markets edged up Wednesday, building on overnight gains overseas as investors await the release of minutes from this month’s U.S. Federal Reserve meeting later in the global day. Read the full story
CURRENCIES
Dollar mixed as investors cash in on recent gains, await Fed clues
MarketWatch
The dollar fell against the Japanese yet but scraped out narrow broad gains against a basket of currencies in range-bound trade Wednesday, with upside for the U.S. currency stymied as investors cashed in on recent interest rate-driven gains. Read the full story
Different worlds: Euro falls to six-week lows as global stocks hit records
City A.M.
The euro fell to six-week lows against the US dollar on Wednesday morning as fears of political chaos stand in contrast to continued bullishness on global stock markets, which reached fresh record highs. The euro fell to a low of $1.0498 against the dollar, its lowest since the beginning of January, sending the dollar index (which is heavily weighted towards the euro) to its highest point in a month. The MSCI all-country world index, which measures the performance of stocks in 46 countries, rose Read the full story
Political noise, Fed pushes euro below $1.05
The euro fell briefly below $1.05 for the first time in six weeks, hit by concern over France's election campaign and growing expectations for a rise in U.S. rates.
Read more: http://www.cnbc.com/id/
Pound to euro exchange rate SOARING: Sterling at two-month high after French election poll
Daily Star
THE pound to euro exchange rate has gained today as polls in France show support for Marine Le Pen’s far-right National Front party. Earlier in the week experts predicted the pound would plummet against the euro, as data revealed retail sales numbers and wage growth had fallen. However, the pound has actually steadily improved over the last two days going from €1.169 to an impressive €1.18616. The two-month high for the pound comes amidst growing investor concern that Marine Le Pen might win the Read the full story
Antipodean Currencies Rise On Positive Cues From Wall Street
RTTNews
Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Wednesday as risk appetite rose following the positive cues overnight from Wall Street. However, gains are modest as investors turned cautious ahead of the release of the U.S. Federal Reserve minutes later in the day. Read the full story
New Zealand dollar unchanged
Inside Retail New Zealand
The New Zealand dollar was little changed, retracing an earlier decline, after dairy prices fell as expected and comments by Federal Reserve officials kept alive the possibility of a US rate hike as soon as next month. The kiwi traded at US71.62 cents as at 0800 on Wednesday in Wellington, having sunk as low as US71.27c ahead of the GlobalDairyTrade auction, from US71.55c late Tuesday. The trade-weighted index was at 78.10 from 78.03. Two Fed officials spoke overnight. Philadelphia Fed president Read the full story
Rupee opens little changed against US dollar
Livemint
Mumbai: The Indian rupee on Tuesday was trading little changed against the US dollar in opening trade. Read the full story
CURRENCIES
Dollar mixed as investors cash in on recent gains, await Fed clues
MarketWatch
MarketWatch
The dollar fell against the Japanese yet but scraped out narrow broad gains against a basket of currencies in range-bound trade Wednesday, with upside for the U.S. currency stymied as investors cashed in on recent interest rate-driven gains. Read the full story
Different worlds: Euro falls to six-week lows as global stocks hit records
City A.M.
City A.M.
The euro fell to six-week lows against the US dollar on Wednesday morning as fears of political chaos stand in contrast to continued bullishness on global stock markets, which reached fresh record highs. The euro fell to a low of $1.0498 against the dollar, its lowest since the beginning of January, sending the dollar index (which is heavily weighted towards the euro) to its highest point in a month. The MSCI all-country world index, which measures the performance of stocks in 46 countries, rose Read the full story
Political noise, Fed pushes euro below $1.05
The euro fell briefly below $1.05 for the first time in six weeks, hit by concern over France's election campaign and growing expectations for a rise in U.S. rates.
Read more: http://www.cnbc.com/id/
Pound to euro exchange rate SOARING: Sterling at two-month high after French election poll
Daily Star
Daily Star
THE pound to euro exchange rate has gained today as polls in France show support for Marine Le Pen’s far-right National Front party. Earlier in the week experts predicted the pound would plummet against the euro, as data revealed retail sales numbers and wage growth had fallen. However, the pound has actually steadily improved over the last two days going from €1.169 to an impressive €1.18616. The two-month high for the pound comes amidst growing investor concern that Marine Le Pen might win the Read the full story
Antipodean Currencies Rise On Positive Cues From Wall Street
RTTNews
RTTNews
Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Wednesday as risk appetite rose following the positive cues overnight from Wall Street. However, gains are modest as investors turned cautious ahead of the release of the U.S. Federal Reserve minutes later in the day. Read the full story
New Zealand dollar unchanged
Inside Retail New Zealand
Inside Retail New Zealand
The New Zealand dollar was little changed, retracing an earlier decline, after dairy prices fell as expected and comments by Federal Reserve officials kept alive the possibility of a US rate hike as soon as next month. The kiwi traded at US71.62 cents as at 0800 on Wednesday in Wellington, having sunk as low as US71.27c ahead of the GlobalDairyTrade auction, from US71.55c late Tuesday. The trade-weighted index was at 78.10 from 78.03. Two Fed officials spoke overnight. Philadelphia Fed president Read the full story
Rupee opens little changed against US dollar
Livemint
Livemint
Mumbai: The Indian rupee on Tuesday was trading little changed against the US dollar in opening trade. Read the full story
USA
Treasury SEC. Mnuchin We are committed to very significant tax reform by August Recess
USA
Treasury SEC. Mnuchin We are committed to very significant tax reform by August Recess
Steven Mnuchin Speaks to CNBC, fails to give Trump tax plan details: key highlights.
Here's why you owe the IRS so much money this year
Business Insider
A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington. Many Americans cross their fingers at tax time, hoping for a huge refund from the federal government. At the very least, they want to break even. The vast majority of filers - more than 70 percent - do get money back from the government, with the average refund close to $3,000, according to the IRS. But every year, some taxpayers get a nasty surprise: They owe Uncle Sam hundreds or even thousands Read the full story
The Fed and the market are having a hard time getting on the same page
Fed officials want investors to believe that every meeting is a live one, with the possibility always there that the central bank will hike rates.
Read more: http://www.cnbc.com/id/
US life expectancy is low and is now projected to be on par with Mexico by 2030
The poor levels of life expectancy in the U.S. against other rich nations has been laid bare in a new report.
Read more: http://www.cnbc.com/id/
Here's why you owe the IRS so much money this year
Business Insider
Business Insider
A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington. Many Americans cross their fingers at tax time, hoping for a huge refund from the federal government. At the very least, they want to break even. The vast majority of filers - more than 70 percent - do get money back from the government, with the average refund close to $3,000, according to the IRS. But every year, some taxpayers get a nasty surprise: They owe Uncle Sam hundreds or even thousands Read the full story
The Fed and the market are having a hard time getting on the same page
Fed officials want investors to believe that every meeting is a live one, with the possibility always there that the central bank will hike rates.
Read more: http://www.cnbc.com/id/
US life expectancy is low and is now projected to be on par with Mexico by 2030
The poor levels of life expectancy in the U.S. against other rich nations has been laid bare in a new report.
Read more: http://www.cnbc.com/id/
EMERGING MARKETS
Why Asia Investor Mobius Likes Brazil, Mexico
Barron's
Emerging Markets Daily Longtime emerging markets investor Mark Mobius has increased his exposure to Brazil and Mexico since November. His reasoning on Brazil: the corruption investigation in "pretty much over," he declared in a press conference in Sao Paulo, as quoted by The Wall Street Journal. Operation Car Wash, as the investigation has been dubbed, focused on bribery and corruption in contracts let by state-controlled oil company Petroleo Brasileiro (PBR), which extended the investigation Read the full story
How mobile banking in emerging markets can combat poverty worldwide
Mobile Business Insights
Mobile banking in emerging markets is evolving quickly as adoption rates continue to rise. That might surprise consumers in developed countries, where the growth of mobile banking and mobile money lagged behind many other financial vehicles for years, but users in developing countries see mobile as a solution to many personal finance problems. For consumers with limited access to traditional banking solutions, mobile technology opens the door to new possibilities and greater economic prospects. Read the full story
MIDDLE EAST
Toronto confirms it's in the hunt for Saudi Aramco listing
The Toronto Stock Exchange is vying for the massive Saudi Aramco initial public offering, exchange parent TMX confirmed to CNBC.
Read more: http://www.cnbc.com/id/
UAE markets are still worried – Analysts
EMERGING MARKETS
Why Asia Investor Mobius Likes Brazil, Mexico
Barron's
Barron's
Emerging Markets Daily Longtime emerging markets investor Mark Mobius has increased his exposure to Brazil and Mexico since November. His reasoning on Brazil: the corruption investigation in "pretty much over," he declared in a press conference in Sao Paulo, as quoted by The Wall Street Journal. Operation Car Wash, as the investigation has been dubbed, focused on bribery and corruption in contracts let by state-controlled oil company Petroleo Brasileiro (PBR), which extended the investigation Read the full story
How mobile banking in emerging markets can combat poverty worldwide
Mobile Business Insights
Mobile Business Insights
Mobile banking in emerging markets is evolving quickly as adoption rates continue to rise. That might surprise consumers in developed countries, where the growth of mobile banking and mobile money lagged behind many other financial vehicles for years, but users in developing countries see mobile as a solution to many personal finance problems. For consumers with limited access to traditional banking solutions, mobile technology opens the door to new possibilities and greater economic prospects. Read the full story
MIDDLE EAST
Toronto confirms it's in the hunt for Saudi Aramco listing
The Toronto Stock Exchange is vying for the massive Saudi Aramco initial public offering, exchange parent TMX confirmed to CNBC.
Read more: http://www.cnbc.com/id/
UAE markets are still worried – Analysts
Mubasher
By: Mahmoud Gamal Abu Dhabi – Mubasher: Traders in the UAE markets are still worried after the negative results of some real estate companies, led by Arabtec and Drake and Scull. Abu Dhabi Exchange (ADX) ended Tuesday in the green with a direct … Read the full story
Egypt to receive 1st tranche of World Bank loan
Mubasher
Cairo – Mubasher: Egypt will receive the first tranche worth $125 million of the World Bank loan for the development of Upper Egypt within days, minister of international cooperation Sahar Nasr said on Tuesday. The World Bank approved on 29 … Read the full story
Egypt bourse likely to move upwards – Analysts
Mubasher
Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to rise on Wednesday as investors await the finance ministry’s decision on the stamp duty tax, analysts told Mubasher. Market analyst Saied Al Feqy said that the EGX30 index may … Read the full story
OPEC output deal made ‘remarkable impact’ on oil prices, Qatar minister says
MarketWatch
Qatar’s oil minister Mohammed bin Saleh al-Sada hails the success of OPEC’s agreement to cut oil output, saying it’s spurred a positive tone for the crude market in 2017. Read the full story
AFRICA
Africa: Fallacy On Global Poverty
AllAfrica
(Photo: The Independent) Every poverty eradication effort exacerbates it and perpetuates worse outcomes in the long term My friend Ojotre and his fiancee have travelled through many countries in Africa. They have marveled at the sight of expensive government guzzlers - four-wheel drives - emblazoned with big inscriptions such as "Poverty 'Eradication' or 'Alleviation' Programs", and yet everywhere they have visited, unusual forms of poverty confronted them. This couple has wondered as to why Read the full story
Uganda: Where Was Govt When Cracks Were Emerging At Crane Bank?
AllAfrica
(Photo: Daily Monitor) Kampala At the end of 2013, cracks were revealed in the operations of Crane Bank when it was exposed to large bad debt book. It had also made provisions for those debts, the highest ever for the bank at the time. It all seemed to be normal operation for the bank at least until Mr A.R. Kalan, the managing director Crane Bank who had been in that role for about 15 years left the bank unceremoniously. He had taken leave at the time, according to what Crane Bank directors at Read the full story
Africa: Economic Growth - Vital Trends to Watch
AllAfrica
(Photo: Dominic Bukenya/Daily Monitor) In 2016, real Gross Domestic Product (GDP) growth in sub-Saharan Africa is estimated to have been the weakest since the 2008/9 global financial crisis. This was largely because of the weak performance in its two largest economies - South Africa and Nigeria - which together make up about half of sub-Saharan Africa's GDP. Although oil and mining economies were hurt by the commodity slowdown, much of East Africa as well as oil-importing Francophone economies Read the full story
Mubasher
By: Mahmoud Gamal Abu Dhabi – Mubasher: Traders in the UAE markets are still worried after the negative results of some real estate companies, led by Arabtec and Drake and Scull. Abu Dhabi Exchange (ADX) ended Tuesday in the green with a direct … Read the full story
Egypt to receive 1st tranche of World Bank loan
Mubasher
Mubasher
Cairo – Mubasher: Egypt will receive the first tranche worth $125 million of the World Bank loan for the development of Upper Egypt within days, minister of international cooperation Sahar Nasr said on Tuesday. The World Bank approved on 29 … Read the full story
Egypt bourse likely to move upwards – Analysts
Mubasher
Mubasher
Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to rise on Wednesday as investors await the finance ministry’s decision on the stamp duty tax, analysts told Mubasher. Market analyst Saied Al Feqy said that the EGX30 index may … Read the full story
OPEC output deal made ‘remarkable impact’ on oil prices, Qatar minister says
MarketWatch
MarketWatch
Qatar’s oil minister Mohammed bin Saleh al-Sada hails the success of OPEC’s agreement to cut oil output, saying it’s spurred a positive tone for the crude market in 2017. Read the full story
AFRICA
Africa: Fallacy On Global Poverty
AllAfrica
AllAfrica
(Photo: The Independent) Every poverty eradication effort exacerbates it and perpetuates worse outcomes in the long term My friend Ojotre and his fiancee have travelled through many countries in Africa. They have marveled at the sight of expensive government guzzlers - four-wheel drives - emblazoned with big inscriptions such as "Poverty 'Eradication' or 'Alleviation' Programs", and yet everywhere they have visited, unusual forms of poverty confronted them. This couple has wondered as to why Read the full story
Uganda: Where Was Govt When Cracks Were Emerging At Crane Bank?
AllAfrica
AllAfrica
(Photo: Daily Monitor) Kampala At the end of 2013, cracks were revealed in the operations of Crane Bank when it was exposed to large bad debt book. It had also made provisions for those debts, the highest ever for the bank at the time. It all seemed to be normal operation for the bank at least until Mr A.R. Kalan, the managing director Crane Bank who had been in that role for about 15 years left the bank unceremoniously. He had taken leave at the time, according to what Crane Bank directors at Read the full story
Africa: Economic Growth - Vital Trends to Watch
AllAfrica
AllAfrica
(Photo: Dominic Bukenya/Daily Monitor) In 2016, real Gross Domestic Product (GDP) growth in sub-Saharan Africa is estimated to have been the weakest since the 2008/9 global financial crisis. This was largely because of the weak performance in its two largest economies - South Africa and Nigeria - which together make up about half of sub-Saharan Africa's GDP. Although oil and mining economies were hurt by the commodity slowdown, much of East Africa as well as oil-importing Francophone economies Read the full story
Business Insider UK
Tesla’s Gigafactory 1 has been a center of attention for people interested in the growing momentum behind green energy, electric cars, and battery production. Therefore, it is no surprise that this facility was in the news again last month, with Tesla starting to mass produce batteries as it ramps up to its goal of 35GWh of capacity and beyond. However, as exciting as this project is, it’s actually just one of multiple large-scale “megafactories” being built – with many of them being in China. Read the full story
Hong Kong 2016 GDP tops forecast as new budget unveiled
It is critical for Hong Kong to strengthen its economy and competitiveness as an key business center, a tax expert said ahead of the city's annual budget.
Business Insider UK
Tesla’s Gigafactory 1 has been a center of attention for people interested in the growing momentum behind green energy, electric cars, and battery production. Therefore, it is no surprise that this facility was in the news again last month, with Tesla starting to mass produce batteries as it ramps up to its goal of 35GWh of capacity and beyond. However, as exciting as this project is, it’s actually just one of multiple large-scale “megafactories” being built – with many of them being in China. Read the full story
Hong Kong 2016 GDP tops forecast as new budget unveiled
It is critical for Hong Kong to strengthen its economy and competitiveness as an key business center, a tax expert said ahead of the city's annual budget.
EUROPE
OpEd: France quitting the euro would be the largest sovereign default in history with huge consequences
There is no "orderly exit" from the euro. It is an oxymoron.
Read more: http://www.cnbc.com/id/
The slowdown in the shipping industry could cause Germany's banking system to crash
Business Insider
Shipping containers are seen at the Port Newark Container Terminal near New York City as government reported lowest trade gap since 1999 Thomson Reuters In geopolitics, events rarely occur in isolation. Several stories about German exports, banks, and the shipping industry recently appeared in the media. But these stories do not gain their full significance unless taken as part of a bigger picture. There is an inherent link between trade, the shipping industry, and banks, given the linkage of Read the full story
The EU is getting tough on Italy's insanely high debt
Business Insider UK
The European Union is sounding the alarm on Italy's massive debt pile and warning that the country must take action soon or risk being declared in breach of EU rules. The European Commission released its annual economic and social analysis of EU Member States on Wednesday and Italy was singled out for special treatment, with the Commission threatening the eurozone's third largest economy with a potential fine. Italy risks being declared in official breach of EU budget rules, opening the path to Read the full story
UK economy picks up in late 2016 but signs of Brexit hit appear
Reuters
Britain's economy accelerated at the end of 2016 but growth for the whole year was weaker than previously thought and there are signs of weakness ahead, data showed, suggesting the Brexit vote will start to take its toll in 2017. Read the full story
Greek debt: will EU and IMF finally offer light at the end of the tunnel?
the guardian
Meeting between Angela Merkel and Christine Lagarde could end impasse – though austerity is unlikely to end Read the full story
EUROPE
OpEd: France quitting the euro would be the largest sovereign default in history with huge consequences
There is no "orderly exit" from the euro. It is an oxymoron.
Read more: http://www.cnbc.com/id/
The slowdown in the shipping industry could cause Germany's banking system to crash
Business Insider
Shipping containers are seen at the Port Newark Container Terminal near New York City as government reported lowest trade gap since 1999 Thomson Reuters In geopolitics, events rarely occur in isolation. Several stories about German exports, banks, and the shipping industry recently appeared in the media. But these stories do not gain their full significance unless taken as part of a bigger picture. There is an inherent link between trade, the shipping industry, and banks, given the linkage of Read the full story
The EU is getting tough on Italy's insanely high debt
Business Insider UK
Business Insider UK
The European Union is sounding the alarm on Italy's massive debt pile and warning that the country must take action soon or risk being declared in breach of EU rules. The European Commission released its annual economic and social analysis of EU Member States on Wednesday and Italy was singled out for special treatment, with the Commission threatening the eurozone's third largest economy with a potential fine. Italy risks being declared in official breach of EU budget rules, opening the path to Read the full story
UK economy picks up in late 2016 but signs of Brexit hit appear
Reuters
Reuters
Britain's economy accelerated at the end of 2016 but growth for the whole year was weaker than previously thought and there are signs of weakness ahead, data showed, suggesting the Brexit vote will start to take its toll in 2017. Read the full story
Greek debt: will EU and IMF finally offer light at the end of the tunnel?
the guardian
the guardian
Meeting between Angela Merkel and Christine Lagarde could end impasse – though austerity is unlikely to end Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Thursday, Feb 23, 2017 did not update on the indicative rates and the last date shown is 01/04/2017.
The currency auction is 164,465,069
There are no news and announcements for Thursday Feb 23, 2017
ISX Update:
Value Traded
547,854,142
Shares Traded
596,053,150
ISX ended in Green
Kauaihn Chatter:
2-23-2017 Intel Guru RayRen98 [Do you really think we’ll exchange this month?] Today’s February 22nd, and this month ends next Tuesday. Yes, I do believe we will exchange this month, based on what I have shared with you and things I have not shared with you, no reason to think otherwise. I still look to $3.71 to be the international rate or thereabouts. We are in the waiting stage. Everything looks good...This could pop at any time, and all the technical information that has come to us is saying ‘green light – go’ as soon as this is released. [post 2 of 2]
2-23-2017 Intel Guru RayRen98 All is quiet, maybe a little too quiet...We had people in Iraq sending intel that the dollar was banned; we expected that, and good to hear it confirmed. Articles came out about that as well. Most of us know what that means, as one of the conditions favorable for Iraq to be sovereign, with a currency that is competitive to its neighbors. There are also rumors about Maliki being brought to justice, and reports of Rafidain Bank is now preparing its customers to accept deposits in dinar only, no longer in dollars – nationwide. At least, that is the game plan, to ban the US dollar across all provinces. [post 1 of 2....stay tuned]
2-23-2017 Intel Guru RayRen98 All is quiet, maybe a little too quiet...We had people in Iraq sending intel that the dollar was banned; we expected that, and good to hear it confirmed. Articles came out about that as well. Most of us know what that means, as one of the conditions favorable for Iraq to be sovereign, with a currency that is competitive to its neighbors. There are also rumors about Maliki being brought to justice, and reports of Rafidain Bank is now preparing its customers to accept deposits in dinar only, no longer in dollars – nationwide. At least, that is the game plan, to ban the US dollar across all provinces. [post 1 of 2....stay tuned]
2-22-2017 Intel Guru Dr. Clarke In the past few days, you've seen the "Storm" picking up speed. Surprise visit to Iraq by Gen. Mattis, tons of extra troops into Iraq/Mosul on Sunday. VP Pence met with Abadi, Merkel of Germany sending envoy to "assist with Iraq's Monetary Reform" (what??) Monetary Reform? ...and this week, you've heard all kinds of news regarding the Dinar Rates & the Dollar Rates...Changing. Keep your fingers crossed...it's only Feb. 22nd, 2 days into the "Storm"...so far, so good.
2-22-2017 Intel Guru ADMINBILL BEHIND THE SCENES ACTION IS STARTING. STILL ANTICIPATING THIS WEEK. NEWS I CANNOT USE IS VERY POSITIVE. THE PICTURE REMAINS BRIGHT.
2-22-2017 Newshound Guru Adam Montana The question, then, is “When will the Dinar Currency of Iraq Revalue?” This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it's current "value" forever. [post 3 of 3]
2-22-2017 Newshound Guru Adam Montana Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”. [post 2 of 3....stay tuned]
2-22-2017 Newshound Guru Adam Montana This is the question I've been seeing a lot lately: "Is it a scam"? In a word - NO. The Iraqi Dinar is an item that has a past, present, and future value. We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It's THAT simple. Keep this in mind when you read anything on the dinar - a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the "Iraqi Dinar" is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. ...what about the "investment" itself? Is investing in the dinar currency a scam? The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not! [post 1 of 3....stay tuned]
2-22-2017 Newshound Guru Aggiedad77 Article: "German loan gate to move the labor market" Quote: "...approaching global economic blocs in Iraq stems from its importance on the world stage and this important global effort perceived by the evolving under international indicators that put Iraq in the lead among the ten richest countries in the world." ...how can Iraq be placed center stage...on TOP of the world as the richest of the richest 10 countries in the world...how would that be possible...not just in the TOP 10...but at the top of the heap...you know what they have to do...Abadi has been told what he has to do...make it happen #1...the BEST is coming...big time BEST...can 3.22 make that happen?
2-22-2017 Newshound Guru Kaperoni Article: "Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives" Quote: "...UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus." Very good article. It appears the UN is helping Iraq push these needed reforms forward.
2-22-2017 Intel Guru Bruce I believe the Forex will not show a rate change of these currencies until the 28th of February or the 1st of March. ...we do understand Iraq has moved along very nicely. We understand they have the new smart cards, Qi cards. Their cards have been charged with their new rates. ...we are looking forward for good news with Iraq about the liberation of Mosul. We might have that in the form of an announcement here. We know that the banks in Iraq are open...even in Mosul the banks are open since 10am yesterday Iraqi time. The timing of this is very close in terms of what I am hearing. What we need is some good news come out of Iraq.
2-22-2017 Intel/Newshound Guru Backdoc Article: "... Treasury Spokesperson of Secretary Mnuchin’s Call with International Monetary Fund Managing Director Christine Lagarde" Quote: "Secretary Mnuchin also underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries." I THINK IT'S VERY INTERESTING TO SEE "MUNCHKIN MAN" (AS I AFFECTIONATELY CALL HIM WITH ALL DUE RESPECT OF COURSE) MEET TODAY (Tuesday) WITH CHRISTINE LEGARDE FROM THE IMF. THIS SEQUESTERED GENIUS WILL SOON BE ADORED FOR HIS CREATIVE WORK. "ACTIONS MEAN THINGS."
2-22-2017 Newshound Guru Enorrste Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government's plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming...the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer's point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone's guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell. [post 2 of 2]
2-22-2017 Newshound Guru Enorrste Article: "Raise the price of the Iraqi dinar to the fore again" Quotes: "Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq..." "...Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars..." "The government is expected to return to the project itself after the end of military operations." This is one of the most positive articles I have read in a long time. The author clearly states that it is not possible to "RV" in the traditional sense and explains why. [post 1 of 2....stay tuned]
2-22-2017 Newshound Guru firefly Article: "Include the introduction of modern irrigation systems" Quote: "The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized." Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
2-22-2017 Newshound Guru Kaperoni ...measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
2-22-2017 Intel Guru ADMINBILL BEHIND THE SCENES ACTION IS STARTING. STILL ANTICIPATING THIS WEEK. NEWS I CANNOT USE IS VERY POSITIVE. THE PICTURE REMAINS BRIGHT.
2-22-2017 Newshound Guru Adam Montana The question, then, is “When will the Dinar Currency of Iraq Revalue?” This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it's current "value" forever. [post 3 of 3]
2-22-2017 Newshound Guru Adam Montana Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”. [post 2 of 3....stay tuned]
2-22-2017 Newshound Guru Adam Montana This is the question I've been seeing a lot lately: "Is it a scam"? In a word - NO. The Iraqi Dinar is an item that has a past, present, and future value. We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It's THAT simple. Keep this in mind when you read anything on the dinar - a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the "Iraqi Dinar" is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. ...what about the "investment" itself? Is investing in the dinar currency a scam? The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not! [post 1 of 3....stay tuned]
2-22-2017 Newshound Guru Aggiedad77 Article: "German loan gate to move the labor market" Quote: "...approaching global economic blocs in Iraq stems from its importance on the world stage and this important global effort perceived by the evolving under international indicators that put Iraq in the lead among the ten richest countries in the world." ...how can Iraq be placed center stage...on TOP of the world as the richest of the richest 10 countries in the world...how would that be possible...not just in the TOP 10...but at the top of the heap...you know what they have to do...Abadi has been told what he has to do...make it happen #1...the BEST is coming...big time BEST...can 3.22 make that happen?
2-22-2017 Newshound Guru Kaperoni Article: "Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives" Quote: "...UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus." Very good article. It appears the UN is helping Iraq push these needed reforms forward.
2-22-2017 Intel Guru Bruce I believe the Forex will not show a rate change of these currencies until the 28th of February or the 1st of March. ...we do understand Iraq has moved along very nicely. We understand they have the new smart cards, Qi cards. Their cards have been charged with their new rates. ...we are looking forward for good news with Iraq about the liberation of Mosul. We might have that in the form of an announcement here. We know that the banks in Iraq are open...even in Mosul the banks are open since 10am yesterday Iraqi time. The timing of this is very close in terms of what I am hearing. What we need is some good news come out of Iraq.
2-22-2017 Intel/Newshound Guru Backdoc Article: "... Treasury Spokesperson of Secretary Mnuchin’s Call with International Monetary Fund Managing Director Christine Lagarde" Quote: "Secretary Mnuchin also underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries." I THINK IT'S VERY INTERESTING TO SEE "MUNCHKIN MAN" (AS I AFFECTIONATELY CALL HIM WITH ALL DUE RESPECT OF COURSE) MEET TODAY (Tuesday) WITH CHRISTINE LEGARDE FROM THE IMF. THIS SEQUESTERED GENIUS WILL SOON BE ADORED FOR HIS CREATIVE WORK. "ACTIONS MEAN THINGS."
2-22-2017 Newshound Guru Enorrste Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government's plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming...the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer's point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone's guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell. [post 2 of 2]
2-22-2017 Newshound Guru Enorrste Article: "Raise the price of the Iraqi dinar to the fore again" Quotes: "Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq..." "...Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars..." "The government is expected to return to the project itself after the end of military operations." This is one of the most positive articles I have read in a long time. The author clearly states that it is not possible to "RV" in the traditional sense and explains why. [post 1 of 2....stay tuned]
2-22-2017 Newshound Guru firefly Article: "Include the introduction of modern irrigation systems" Quote: "The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized." Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
2-22-2017 Newshound Guru Kaperoni ...measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
Get caught up on last night's updates below and if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only takes a sec sec...If you invested in the dinar and spend time on the site you don't want to miss something
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ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider al-Abadi receives phone call from US Secretary of State Mr. Rex Tillerson
Mr. Prime Minister, Dr. Haider al-Abadi received a telephone call from US Secretary of State Mr. Rex Tillerson.
During the call, they discussed strengthening relations between the two countries in all fields and the conduct of the process of editing the right side of the connector and international support for Iraq in the fight against terrorism and restore stability in liberated areas and the situation in the region.
Mr. Tillerson said his country's support for Iraq in its war against terrorism and in restoring stability, praising the role of Iraqi forces, which have evolved significantly since the model conduct of the war in Iraq can be successful and take advantage of it by the rest of the countries.
He said there are great efforts made by the Iraqi government for the unity of Iraqis and this will lead to long-term stability in Iraq.
He said that we are seeking to bring Iraq to its natural state and are ready to support him in the construction process, stability and emphasize our partnership with him.
As pointed out by Dr. Abadi that the liberalization process of the right side going faster pace than planned, despite difficult as our strategy is to maintain the civilians.
He added that the people of Iraq from north to south are fighting Daesh and liberate the occupied valuing international support for Iraq in its war against terrorism.
Information Office of the Prime Minister
February 23, 2017
During the call, they discussed strengthening relations between the two countries in all fields and the conduct of the process of editing the right side of the connector and international support for Iraq in the fight against terrorism and restore stability in liberated areas and the situation in the region.
Mr. Tillerson said his country's support for Iraq in its war against terrorism and in restoring stability, praising the role of Iraqi forces, which have evolved significantly since the model conduct of the war in Iraq can be successful and take advantage of it by the rest of the countries.
He said there are great efforts made by the Iraqi government for the unity of Iraqis and this will lead to long-term stability in Iraq.
He said that we are seeking to bring Iraq to its natural state and are ready to support him in the construction process, stability and emphasize our partnership with him.
As pointed out by Dr. Abadi that the liberalization process of the right side going faster pace than planned, despite difficult as our strategy is to maintain the civilians.
He added that the people of Iraq from north to south are fighting Daesh and liberate the occupied valuing international support for Iraq in its war against terrorism.
Information Office of the Prime Minister
February 23, 2017
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider al-Abadi envoy meets German Chancellor
Mr. Prime Minister, Dr. Haider al-Abadi met in his office on Wednesday envoy, German Chancellor Angela Merkel for economic and financial reform, Mr. Eckhard Preveza and his accompanying delegation.
There were discussed during the meeting the German government's support for Iraq in the field of economic reforms and stabilize the areas and projects of reform in all the provinces.
He said the German envoy his government's support for Iraq in all fields and its keenness to provide all what would the continuation of the reform process in Iraq.
Information Office of the Prime Minister
February 22, 2017
There were discussed during the meeting the German government's support for Iraq in the field of economic reforms and stabilize the areas and projects of reform in all the provinces.
He said the German envoy his government's support for Iraq in all fields and its keenness to provide all what would the continuation of the reform process in Iraq.
Information Office of the Prime Minister
February 22, 2017
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ARTICLE 1-C (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider al-Abadi hold a meeting with the preparation of community reconciliation strategy team
Mr. Prime Minister, Dr. Haider al-Abadi held a meeting with the preparation of community reconciliation strategy, which includes researchers and experts and academics Iraqi and international team in addition to the Prime Minister's Office.
During the meeting, display and discuss strategy and its clauses and the steps involved in its implementation.
Dr. Abadi importance of community reconciliation, especially during the during the next phase where we started strides achieved in addition to the return of displaced persons.
He said that we are fighting a war for peace, and this war is imposed on us in front of the enemy does not have the lowest elements of humanity, stressing that all the security and the government's measures are worthwhile civilians.
He said sovereignty there is cooperation by the citizens in the areas that were occupied by Daesh This represents a great success of our strategy to deal with citizens in those regions and their confidence in the security services.
Information Office of the Prime Minister
February 22, 2017
During the meeting, display and discuss strategy and its clauses and the steps involved in its implementation.
Dr. Abadi importance of community reconciliation, especially during the during the next phase where we started strides achieved in addition to the return of displaced persons.
He said that we are fighting a war for peace, and this war is imposed on us in front of the enemy does not have the lowest elements of humanity, stressing that all the security and the government's measures are worthwhile civilians.
He said sovereignty there is cooperation by the citizens in the areas that were occupied by Daesh This represents a great success of our strategy to deal with citizens in those regions and their confidence in the security services.
Information Office of the Prime Minister
February 22, 2017
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ARTICLE 2
Abadi confirms start the steps community reconciliation
2017/2/22 16:49
[Where-Baghdad]
Stressed Prime Minister Haider al-Abadi start the steps community reconciliation in the country.
Stressed Prime Minister Haider al-Abadi start the steps community reconciliation in the country.
A statement by his office received by all of Iraq [where] a copy of it today that "Abadi held a meeting with the preparation of community reconciliation strategy, which includes researchers and experts and academics Iraqi and international team in addition to the prime minister's office."
He added, "During the meeting, display and discuss strategy and its clauses and the steps involved in its implementation."
He said Abadi, according to the statement "the importance of reconciliation and community especially during the during the next phase where we started strides achieved in addition to the return of displaced persons."
And "We are fighting a war for peace, and this war is imposed on us in front of the enemy does not have the lowest elements of humanity, stressing that" all the security and the government's measures are worthwhile to civilians. "
Abadi said that "there is cooperation by the citizens in the areas that were occupied by Daesh, this represents a great success of our strategy to deal with citizens in those regions and their confidence in the security services."
He added, "During the meeting, display and discuss strategy and its clauses and the steps involved in its implementation."
He said Abadi, according to the statement "the importance of reconciliation and community especially during the during the next phase where we started strides achieved in addition to the return of displaced persons."
And "We are fighting a war for peace, and this war is imposed on us in front of the enemy does not have the lowest elements of humanity, stressing that" all the security and the government's measures are worthwhile to civilians. "
Abadi said that "there is cooperation by the citizens in the areas that were occupied by Daesh, this represents a great success of our strategy to deal with citizens in those regions and their confidence in the security services."
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ARTICLE 3
Defense Minister arrives in Mosul and Ayman inspects edits
2017/2/22 21:47
[Oan- Baghdad]
Arrived Defense Minister Irfan Mahmood Hayali, on Wednesday, to lead the ninth Armored Division in the village Bacharh in the right side of the city of Mosul.
According to a ministry statement received by all of Iraq [where] a copy of it, that the defense minister "met upon his arrival the leader of the band and body corner and my band leaders Abbas [p] and Imam Ali [p] combat of the popular crowd."
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ARTICLE 4-A
Intense aerial bombardment on the Mosul airport in preparation for storming
Nineveh - Iraq Press - February 23: On the fourth day of liberation west side operations of the conductor , "right", Iraqi forces have stepped up their aerial and artillery bombardment on the organization Daesh sites in the city 's airport, in preparation for storming it , while the Pentagon announced the release of 125 square kilometers of this side since the start of his fights last Sunday.
Air launched the international coalition and the Iraqi intensive air raids against al Daesh around Mosul International Airport west of the city sites, along with heavy artillery at them, to pave the way for storming through the next few hours under air cover.
For his part, a local source said that aerial bombardments and heavy Abad convoy of elite battalion in organizing Daesh near the western city of Mosul International Airport, featuring ten vehicles carrying militants and gear on the way to the airport to strengthen thedefensive organization lines.
He explained that the convoy was due to the battalion stationed, and which is one of the elite fighters Daesh, and most of the elements of the Arabs and Alojanb..makda that the bodies of members of the organization and scorched vehicles and clear the roads.
For his part, a spokesman for the US Department of Defense , "Pentagon" Jeff Davis announced that Iraqi forces managed to recover 125 square kilometers of the right side of the connector, since the start of the process of liberation on Sunday.
Davis said that the Pentagon will be presented to the White House next week a preliminary plan to accelerate the fight against al Daesh, adding that the plan will not address the existence of extremist organization in Iraq and Syria, but also in other areas where theafternoon.
The commander of operations " are coming, Nineveh , " Lt. Gen. Abdul - Amir Yar God had announced earlier, that the security forces have become on the outskirts of Mosul airport. Q ended
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ARTICLE 4-B
Urgent image .. control over half of the Mosul airport and Daesh crumble
2017/2/23 11:59
[Oan- Baghdad]
It seized pieces of federal police and rapid response, half of Mosul civil airport in the southern axis of the right coast city of Mosul.
It seized pieces of federal police and rapid response, half of Mosul civil airport in the southern axis of the right coast city of Mosul.
He said the police captain Raed Shakir Jawdat said in a statement received by all of Iraq [where] a copy of it, that his forces' incursion into Mosul airport and impose its control over 50% of it. "
He pointed out that "Daesh collapse and federal police in the forty-gripping battle of the airport."
He pointed out that "Daesh collapse and federal police in the forty-gripping battle of the airport."
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ARTICLE 5
Video: Hadi al-Amiri is both the blowing wheel for "Daesh" one million dinars provided photographed
BAGHDAD - Iraq Press - February 23: transmission of activists on social networking sites, on Thursday, a video clip of the Secretary-General of the Badr Organization and leader of the popular crowd appears, Hadi al-Ameri, it offers a bonus worth million dinars for each fighter burn a car bomb or a bulldozer mined to organize Daesh million on condition filming operation versus giving them the amount in question. " Ended .oh
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ARTICLE 6
Urgent Abadi: edit Ayman Mosul moving faster than planned
2017/2/23 9:35
[Oan- Baghdad]
General Commander of the Armed Forces Prime Minister Haider al-Abadi said edit the right side of the city of Mosul, moving faster than planned, despite the difficulty. "
General Commander of the Armed Forces Prime Minister Haider al-Abadi said edit the right side of the city of Mosul, moving faster than planned, despite the difficulty. "
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