Monday, May 15, 2017

Word on the Street Monday 5/15/17

Word on the Street Monday 5/15/17



Word on the Street Monday 5/15/17:
 
 
Forex Rates:
 
 
SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,140.8000  1,195.5000 1,140.8000 1,135.0000 1,135.0000  5.8000 07:16
 USD/VND  22,320.0000  23,050.0000 22,320.0000 22,218.0000 22,218.0000  102.0000 07:16
 USD/CNY  6.8947  6.8951 6.9047 6.8897 6.9015  -0.0068 07:16
 USD/KWD  0.3039  0.3049 0.3043 0.3034 0.3042  -0.0003 06:21
 GBP/USD  1.2930  1.2931 1.2940 1.2882 1.2884  0.0046 07:16
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  13,295.5000  13,307.5000 13,327.0000 13,291.5000 13,323.0000  -27.5000 07:11
 
 
 
 
 
DC NY Iraq Articles:

Simplifying electronic payment procedures at the Department of Retirement and Social Security for workers

 
The Ministry of Labor and Social Affairs announced on Sunday the simplification of electronic payment procedures in the Department of Pension and Social Security for workers, to avoid delay in disbursement.
A statement by the ministry, received by the agency {Euphrates News}, a copy of it, "The Department of Pension and Social Security in the ministry held a meeting with the authorized monthly contributions in companies and employers and selected members of the sections of financial contributions in order to simplify procedures and avoid delays and keep pace with technological development.
During the meeting, they discussed "the mechanism of electronic payment through their accounts with government and private banks, by transferring the amounts to the account of the Department of the current guarantee in Iraqi dinars and the US dollar at Rafidain Bank branch of the Ministry of Labor and Social Affairs," according to the statement.
The statement pointed out that "the Director General of the Department of Retirement and Social Security of workers Ali Jafar al-Hilo, addressed during the meeting to how to facilitate the audit procedures of the Department."
The Director-General of the retirement, according to the statement, "to allocate the last two days of each month exclusively for auditors to regulate the workflow, as well as the allocation of two windows, one for auditors and the other authorized to receive monthly subscriptions for the purpose of developing the workflow and smooth.
For their part, the officials expressed their support for the proposals of the Department of Retirement and Social Security

Jubouri assured the American ambassador of the importance of Iraq's role in drawing up the map of regional stability

 
Editorial date: 2017/5/14 11:07 • 74 times scheduled
 
BAGHDAD (AFP) - Speaker of the House of Representatives Salim al-Jubouri on Sunday discussed with US Ambassador to Iraq Douglas Suleiman the overall political and security situation in light of the changes taking place in the region and developments in the liberation of Mosul.
According to the two sides, according to a statement by the Jubouri office received the agency {Euphrates News} a copy of it, "international support for Iraq, both at the military level, relief and humanitarian families affected by the military operations."
"The importance of continuing international support for Iraq in its war against the terrorist advocate, through continued joint coordination and exchange of information," the speaker stressed.
"The role of Iraq is pivotal and essential in redrawing the map of stability in the region through a language of dialogue and understanding based on respect for the sovereignty and security of states, which guarantees the elimination of terrorist ideology that is far from the teachings of the Islamic religion."
He also stressed the importance of international and local efforts to accelerate the return of displaced persons and the reconstruction of their areas in order to activate the project of community reconciliation for a post-Saddam era, praising the "support of the United States of America for Iraq, whether in its war against terrorist organizations or in other areas" .
For his part, the US ambassador praised "the role of the Speaker of the Parliament in the stability of the country and its support for the file of the displaced, as well as his ongoing efforts and his efforts to achieve peaceful coexistence among the components of Iraqi society.

Iraqi efforts to "international complaint" compensate for the American occupation wrong

The Iraqi government has had the opportunity to file a lawsuit at the United Nations demanding that Washington compensate Baghdad for what the US military committed during the occupation of Iraq in 2003 after US officials acknowledged the mistakes of the occupation of Iraq, according to officials in the Iraqi parliament.
Not only did the "US-led coalition forces" enter Baghdad to change the country's regime, but also the devastation of most of the country's infrastructure and ports, as well as the great human casualties caused by the US presence.
The deputy of the coalition of state law (the largest political bloc in the Iraqi parliament) Mowafaq al-Rubaie told the "Journal News" that the recognition of Condoleezza Rice, the national security adviser under President George W. Bush, the real reason behind the US decision to invade Iraq, Allowing the latter "to claim compensation for the impact of the disasters committed by the Americans against the people."
"The Iraqi government has to demand in American courts, international organizations and the European Union, the American compensation for damages caused by the US occupation of Iraq, and be in the form of reconstruction of the country in all areas of service and military and military."
He explained that "the House of Representatives seeks to enact a law, demanding the US side to compensate Iraq for the successor of the international coalition led by Washington, destruction, especially that the United States occupied Iraq under the pretext of the alliance, but after 15/3/2003 turned into an occupation.
"Statements by US government officials and their acknowledgment of mistakes are clear condemnation, in addition to evidence Iraq has of condemning the United States and forcing them to compensate Iraq," al-Rubaie said.
For his part, said the leader of the Islamic Supreme Council, Fadi al-Shammari, "The Journal News", "Iraq has the priorities of war and we can not open the doors and we are still in a war with a preacher."
"The Americans have made big mistakes by disbanding the Iraqi army and government institutions and sabotaging the infrastructure, but at the moment we can not claim rights because the government is exceptional and we can not open more than its front on Iraq," he said.
The UN Security Council did not, at the time, authorize the United States and its allies to occupy Iraq

Labor Launches Appointment Salary for Diyala Residents and Completes Distribution in Anbar

http://translate.googleusercontent.com/translate_c?depth=2&hl=en&rurl=translate.google.com&sl=ar&sp=nmt4&tl=en&u=http://www.faceiraq.net/inews.php%3Fid%3D5618945&usg=ALkJrhi_RfzcL0atNHvRxrOUBA5KrSoacg

05/14/2017  The Ministry of Labor announced the release of the salary of the appointment of the residents of Diyala province and the completion of distribution in Anbar province.

The Ministry of Labor and Social Affairs completed the distribution of full-time salaries to Anbar province for more than 630 beneficiaries and the distribution continued for four consecutive days from Monday 8/5/2017 until Thursday 11/5/2017. Of the 836 meals that were paid by the full-time staff and those who completed their transactions during 2016. The new salary payment is until September of 2016. "

The Chairman of the Commission, Judge Asghar Abdul Razzaq al-Musawi, according to the statement, "The Commission began from Monday 8/5/2017 until Thursday 11/5/2017 and for four consecutive days to distribute a new batch of salaries of full-time appointment of the Anbar province, a total of 836 Covered after completion of all necessary logistical and financial procedures. "

"Despite the current critical economic situation in Iraq, the state has kept its promises to support the disabled and the special needs in order to relieve them," he said.

Al-Moussawi pointed out that "the Commission will distribute the salary of the full-time assigned to the Diyala province at the headquarters of the Ministry of Labor and Social Affairs in Baghdad, the Iraqi-Korean Center for four consecutive days and from Monday 15/5/2017 until Thursday 18/5/2017 for those who were examined And the medical examination at the police academy in the center of Diyala province last week and receive the salary in Baghdad in the presence of the designated only accompanied the official documents of the parties to the original and illustrated with a copy of the medical report.

The salary of the full-time employee is granted under Article 19 of Law No. 38 of 2013 for the care of people with disabilities and the special needs and the salary granted to the employees is equal to the salary of the minimum in the public service and 170 thousand dinars.

Parliament calls for activating the law against drugs and warns of high rate of abuse

05/14/2017 Baghdad / Al-Ghad Press:

MP on the National Coalition, Abdul Karim Abtan, on Sunday, the competent authorities, the activation of the law against drugs, warning of the high rate of abuse in Iraq.
"After 2003 Iraq became a distribution, smuggling and production area for drugs, and most of the drug traffickers in East Asia are directing their goods towards Iraq," Abtan told a joint news conference with other deputies. "According to UNICEF reports.
He stressed the need to control the border with neighboring countries and urged the security and media institutions and the various components of society from clans, parties, universities, educational and educational institutions and civil and governmental organizations to educate and introduce the dangers of deadly toxins to educate youth about the dangers of drug abuse.
He called on the National Coalition "the competent authorities to activate the anti-drug law No. 68 of 1965, and the need to establish strict controls and the use of the most severe sanctions to prevent the circulation of drugs, and the pursuit of promoters and farmers."
He pointed out that "the high rate of drug circulation recently, after the increase in the incidence of addiction and access to high rates, according to estimates Ibn Rushd Hospital."
Abtan called on "the three presidencies to intervene vigorously to follow up the work of the executive bodies, and to take measures to eliminate the scourge of drugs that took away the youth."
The various provinces in the country recently, the arrest of wanted persons on various charges, including those accused of drug trafficking, which warns of the high rate of drug abuse..
 
Kauaihn Iraq Articles:
 
The National Alliance stresses the need to end kidnappings and emphasizes decentralization
(Independent) ... The National Alliance on Monday stressed the need to put an end to systematic kidnappings by criminal gangs, while stressing decentralization.
The coalition said in a statement received by (independent) today that "the General Assembly of the National Alliance held yesterday, its regular meeting under the chairmanship of the President of the coalition Ammar al-Hakim and the presence of Prime Minister Haider Abadi," noting that "the Commission discussed the topics listed on its agenda beginning with a review of the victories achieved by Our heroic security forces in Mosul al-Hadba, as well as the security situation throughout the country and the systematic kidnappings by criminal gangs. "
The alliance stressed the need to put an end to the kidnappings and that the Iraqi citizen feels safe and stable. He stressed that "the decisions of the former National Alliance on accelerating the selection of new members of the Electoral Commission were based on competence and experience within the specified time frame."
He stressed "not to be dragged into the extension of the work of the current UNHCR outside the legal period specified for them."
In regard to the election, the Commission also reviewed the election law of the provincial councils and the House of Representatives, stressing the "need to speed up the agreement on a formula that respects the opinion of the Iraqi voter and vote on them in the House of Representatives."
He pointed out that "the General Assembly concluded its work by listening to a report of the work of the Ministry of Higher Education presented by Minister Abdul Razzaq Al-Issa." He added that "the importance of decentralization, and that the provincial councils continue to perform their duties within the legal standards and timelines available to them." (End)
:

Iraqi efforts to "international complaint" compensate for the American occupation wrong

The Iraqi government has had the opportunity to file a lawsuit at the United Nations demanding that Washington compensate Baghdad for what the US military committed during the occupation of Iraq in 2003 after US officials acknowledged the mistakes of the occupation of Iraq, according to officials in the Iraqi parliament.
Not only did the "US-led coalition forces" enter Baghdad to change the country's regime, but also the devastation of most of the country's infrastructure and ports, as well as the great human casualties caused by the US presence.
The deputy of the coalition of state law (the largest political bloc in the Iraqi parliament) Mowafaq al-Rubaie told the "Journal News" that the recognition of Condoleezza Rice, the national security adviser under President George W. Bush, the real reason behind the US decision to invade Iraq, Allowing the latter "to claim compensation for the impact of the disasters committed by the Americans against the people."
"The Iraqi government has to demand in American courts, international organizations and the European Union, the American compensation for damages caused by the US occupation of Iraq, and be in the form of reconstruction of the country in all areas of service and military and military."
He explained that "the House of Representatives seeks to enact a law, demanding the US side to compensate Iraq for the successor of the international coalition led by Washington, destruction, especially that the United States occupied Iraq under the pretext of the alliance, but after 15/3/2003 turned into an occupation.
"Statements by US government officials and their acknowledgment of mistakes are clear condemnation, in addition to evidence Iraq has of condemning the United States and forcing them to compensate Iraq," al-Rubaie said.
For his part, said the leader of the Islamic Supreme Council, Fadi al-Shammari, "The Journal News", "Iraq has the priorities of war and we can not open the doors and we are still in a war with a preacher."
"The Americans have made big mistakes by disbanding the Iraqi army and government institutions and sabotaging the infrastructure, but at the moment we can not claim rights because the government is exceptional and we can not open more than its front on Iraq," he said.
The UN Security Council did not, at the time, authorize the United States and its allies to occupy Iraq.

State of law calls for the prosecution of financiers of terrorist operations

Baghdad / Al-Ghad Press:
A deputy of the coalition of state law on Saturday called for the prosecution of the wealthy who finance terrorist operations, calling on the legislative authority to activate the role of the criminal court and to include crimes committed after 2003 against crimes against humanity and genocide.
"The Supreme Judicial Council issued a statement last week announcing the confessions of a number of defendants on the financing of terrorist operations by wealthy people abroad," MP Jabbar al-Abbadi said at a press conference held in the parliament building. Confessions should not remain locked in the corridors of justice, but there should be wide movements by all organs of the state. "
Abadi added that "the legislative authority to review the subject of the Iraqi Supreme Criminal Court in coordination with the Supreme Judicial Council to activate its role and amend it to cover crimes that occur after 2003 on crimes against humanity and genocide," stressing that "there should be coordination and movement by the Ministry Justice to bring the subject of the financing of terrorism to the Security Council. "
He explained that "there are resolutions of the Security Council, most recently resolution 1253, which refers to the imposition of sanctions on the financiers of terrorism and the freezing of funds on all those supporting terrorism," calling for "the transfer of all files containing the names of figures financing terrorism to the Ministry of Foreign Affairs to be sent to the Security Council in order to impose international sanctions And compensate the families of the victims. "
He stressed that "the Security Council should establish a special court to deal with terrorist crimes," pointing out that "it is important to control the border crossings and goods entering, after it was reported on the financing of terrorism through the smuggling of goods."

Ministry of Communications: "Smart" housing units will soon be built for our employees

Baghdad / Al-Ghad Press:
The Ministry of Communications announced on Sunday that it will soon launch smart housing units for ministry employees.
"The Ministry of Communications will soon begin work on the implementation of residential complexes in Baghdad on the outskirts of Karkh, Rusafa, Basra and Dhi Qar for communications personnel," said the director of the projects department at the General Company for Communications and Infrastructure, Arakan Shehab in a statement received by Al-Ghad Press.
"The complex contains distinctive apartments, schools, commercial markets and medical clinics and is secured by a security system."
"The complex is sophisticated and includes all the services and smart infrastructure," Shihab said. "All this was done through direct and intensive follow-up by Minister of Communications Hassan Kazem Al-Rashed.

Araji told "Al-Ghad Press": We will not tolerate the kidnappers

Baghdad / Al-Ghad Press:
Minister of Interior Qassim al-Araji said on Sunday that his ministry will not be negligent in dealing with those who carry out kidnappings, whether in Baghdad or the rest of the provinces.
Al-Araji said in response to a question by the correspondent of "Al-Ghad Press" that "the Interior Ministry will not tolerate dealing with the kidnappers and the latest was the kidnapping in Tikrit," adding that "the judiciary is carrying out its procedures in this regard and that the ministry will do the same with all those who kidnap A series of measures ".
Tikrit, Omar al-Shindah, revealed to al-Ghad Press last Wednesday that Colonel Ihab Hamadi al-Debs, a member of the Tikrit police, was kidnapped in front of his house before heading to his official time in his constituency by an unknown destination in four-wheel drive cars.
The capital, Baghdad, has witnessed many kidnappings, the latest of which was the kidnapping of seven civilian militants from the Al-Batawin area in the center of the capital, at dawn on Monday, by an unknown party, while the security forces freed them last night without knowing who kidnapped them.Revealed the Rafidain Bank and Rashid, on Monday, the availability of sufficient financial liquidity to pay the dues of farmers in all their branches in Baghdad and the provinces, while calling for farmers to receive their dues. 
 
Kauaihn Economic Times:
 
 
ECONOMIC TIMES / CHATTER

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GLOBAL/ NEWS/ INFO
 
 
 
The 33 richest people on earth
The Independent
 
The Sunday Times just dropped its highly anticipated Sunday Times Rich List, which ranks the wealthiest people in Britain, as well as the rest of the world. Read the full story
 
 
5 mental strategies wealthy people use to succeed
CNBC
Use the tricks Warren Buffett, Richard Branson and others do to get ahead. Read the full story
 
 
10 numbers that can make or break your retiremen
USA TODAY  In the huge and complex world of retirement, focus on the key numbers you will need. Read the full story
 
3 mistakes that will sink your small business
USA TODAY
Put on your inflatable safety vest and learn about three mistakes that could send your business to the bottom of the ocean floor. Read the full story
 
How Homeownership Became the Engine of American Inequality
The New York Times
An enormous entitlement in the tax code props up home prices — and overwhelmingly benefits the wealthy and the upper middle class. Read the full story

OIL / COMMODITIES / ENERGY

UK steel makers lobby not to be cut out of vital American market
The Telegraph
Britain’s steel makers are calling on the Government to lobby the US not to shut them out of American markets as Donald Trump increases protectionism. Read the full story

US shale spending is dwarfing the competition
Business Insider UK
While OPEC has just two weeks left until the May 25th meeting to decide on an extension of its production cuts, U.S. shale is back to drilling and planning capital spending increases this year at a pace that is ten times faster than the rise in international oil companies’ budgets. Emerging from the oil price rout with leaner operations and a meaner cost attitude, U.S. shale has started taking advantage of the increase in oil prices following the production cut deal that OPEC and 11 non-OPEC Read the full story


BANKS / BANKING

Banks are failing again in America
Business Insider
Federal Reserve Chairman Janet Yellen adjusts her glasses as she testifies on Capitol Hill in Washington, Tuesday, June 21, 2016, before the Senate Banking Committee. Don't look now, but banks are failing again in America. The past several years have been relatively placid for the banking industry. After the wholesale failure of the system during the financial crisis, banks gradually recovered their footing. Aided by essentially free money from the Federal Reserve, bailouts, and widespread Read the full story

 

TREASURIES/ BONDS/ STOCKS 


Mohamed El-Erian: ‘we get signals that the system is under enormous stress’
the guardian
The leading economist and investor believes world leaders, and global capitalism, have reached a decisive fork in the road between equality and chaos The bad news is that another economic crisis could strike within two years. The good – or better – news is that such a shock is not nailed on. It’s a 50% chance. But the developed world is approaching a T-junction. One road leads to higher growth and a more inclusive form of capitalism while the other turns towards recession, instability and Read the full story


High-Yield Bonds vs Stock vs Options
ValueWalk
To the chagrin of yield-chasers, Frontier Communications (FTR) finally cut its big dividend. Specifically, the dividend was reduced by 62% last week (it now sits at 13.2%), and the stock is now down 64% this year. For your consideration, this article reviews the potential risks and rewards of investing in Frontier's high-yield bonds (+10% YTM),... Read the full story


US ‘fear index’ shows stock markets eerily calm in stormy times
the guardian
The Vix measures how fearful share traders are. The scary thing is that they’re not – and the index is down at levels seen in, er, 2007 A tool that measures fear may sound like something out of a horror movie, but the Vix index has nothing to do with the entertainment industry. Also known as the fear index, the Vix is a key indicator of stock market health. The Chicago Board Options Exchange Volatility Index, to give it its proper name, tracks the extent to which traders are optimistic or Read the full story



CURRENCIES
Forex - Weekly outlook: May 15 - 19Investing.com
© Reuters. Dollar lower as U.S. data tempers Fed rate hike bets Read the full story
 
Pound to euro exchange rate: Sterling forecast to DECLINE over next three months
Express
POUND to euro exchange rate has been falling since the Bank of England’s interest rates warning last Thursday, and it could be a sign of things to come, according to experts. The euro exchange rate remains at 1.17 today after being 1.85 on Friday. The pound fell after hitting a hight of 1.19 against the euro for the first time in weeks on Thursday. Read the full story

 
Fake Rupee Notes Seizure Up Four-Fold In Switzerland
NDTV
The fake currencies were in the denominations of Rs 500 and Rs 1,000 -- both of which have been withdrawn by the Indian government from the list of legal tenders. Read the full story 
 
 
 
 
USA

Jet Blue is Bringing Back Humanity to American Flying – For Both Passengers & Staff
Paddle Your Own Kanoo
It’s not been the most glittering few weeks for American aviation as a series of high-profile events have made even the most hardened traveller wonder why they bother. The airlines have taken the brunt of criticism with their seemingly hostile approach to ‘customer service’. First, there was United Airlines and the infamous Dr David Dao incident. Then American Airlines, another of the Big Three U.S. carriers, got in on the act. Remember, the Flight Attendant who recently snatched a stroller from Read the full story
 

The US calculates that the missile North Korea fired early Sunday landed in water 60 miles south of Russia's Vladivostok region, a US official tells CNN.
The intended trajectory of the projectile is not yet known; the US is continuing to analyze data for further details.


New US ship has been developed to intercept North Korean missiles
Daily Mail
A navy vessel designed to intercept ballistic missiles is set to be tested later this month. Known as ground-based mid-course defense, the ship is in port at Aloha Tower in Hawaii for a key upcoming test. Read the full story


Controversial California Water Project Has New Life In Trump Era
HuffPost
Cadiz Inc., which for decades has sought the federal government’s green light to pump groundwater from the Mojave Desert and pipe it to Southern California, has seen the project’s prospects brighten under the Trump administration. ... Read the full story


 
MIDDLE EAST
 
 
Oil prices rise amid hopes of extending the OPEC deal
Mubasher
Mubasher: Oil prices have increased during the week ended Friday by 3.5%, as hopes for extending the output agreement are getting higher. The price for West Texas Intermediate (WTI) or (Nymex) futures went up by 3.5% to $47.84 per barrel (pb) … Read the full story


Iraq launches new push to drive Islamic State from four neighborhoods in Mosul
The Japan Times
A senior military commander says government forces have launched a new push to drive Islamic State group militants from four neighborhoods in west Mosul. In a statement Sunday, Lt. Gen. Abdul-Amir Rasheed Yar Allah says Iraqi special forces are moving to the al-Eraibi and al-Rifaie neighborhoods, while militarized federal police and regular army forces are […] The post Iraq launches new push to drive Islamic State from four neighborhoods in Mosul appeared first on The Japan Times. Read the full story


Iraqi forces attack Islamic State in Mosul as battle approaches endgame
Reuters
U.S.-backed Iraqi forces pushed deeper into the last pocket of Mosul controlled by Islamic State militants on Sunday as the battle for the city approaches an end after seven months of gruelling urban combat. Read the full story
 
 
AFRICA

Tanzania: Kuwait Donates Cars to Make Govt's Shift to New Capital Easier
AllAfrica
(Photo: Mohamed Mambo/Daily News) Kuwait government on Friday, this week, donated two Land Cruisers to the government to facilitate the Ministry of Foreign Affairs and East African Cooperation officials' movements in Dodoma. Speaking during the handing over ceremony in Dar es Salaam, the Minister for Foreign Affairs and East African Cooperation, Dr Augustine Mahiga said the donation is a result of a long friendship between Tanzania and Kuwait. "This is a symbol of our two governments' friendship Read the full story


Africa: How Rwanda Is Literally Transforming Africa
AllAfrica
(Photo: Timothy Kisambira/The New Times) Rwanda may not be Africa's largest economy but the East African nation has gradually become the central engine that is dexterously powering a new wave of optimism across the continent through platforms such as the annual Transform Africa Summit that just ended in Kigali. Slowly, Kigali, Rwanda's capital, is becoming a centre for African decision-making, a role hitherto reserved for Washington, New York, London, Paris, Geneva and Beijing where some African Read the full story
 
 
ASIA 

China is hosting a summit on the new 'Silk Road' — a massive global trade project
Business Insider
President Xi Jinping will host leaders from 29 nations in Beijing for a two-day forum on his signature foreign policy programme, a revival of the Silk Road dubbed the One Belt, One Road Initiative © AFP/File Fred DUFOUR Beijing (AFP) - China opens on Sunday a summit to promote its massive global trade infrastructure project, highlighting Beijing's ambitions to spearhead a new era of globalisation as Washington shifts toward inward-looking policies. President Xi Jinping will host leaders from 29 Read the full story


Quotes from leaders at China's New Silk Road meeting
ABC News
Quotes from leaders at China's New Silk Road meeting Read the full story


China's new world order: Xi, Putin and others meet for Belt and Road Forum
CNN
China's leaders are ringing in what they hope is a new world order at a major international conference in Beijing Sunday. Read the full story

China pledges more than $100 billion for its global investment push
CNBC
"China will endeavor to build a win-win business partnership with other countries participating in the Belt and Road Initiative," said President Xi. Read the full story


As U.S. retreats in Asia Pacific, China fills the void with an ambitious global plan
The Washington Post
Leaders from all over the world are slated to attend this weekend’s Belt and Road Forum in Beijing. Read the full story
 
 
Reserve Bank of India goes for security upgrade for note storage, transportation
By PTI | Updated: 
NEW DELHI: The Reserve Bank has initiated an exercise of upgrading measures for secured storage and movement of currency at over 4,000 chests across the country in view of heightened threat perceptionhttp://m.economictimes.com/news/economy/finance/reserve-bank-of-india-goes-for-security-upgrade-for-note-storage-transportation/articleshow/58668490.cms
 
 
Xi Opens China's Globalization Forum With $78 Billion Pledge
President Xi Jinping laid the framework for Chinese-style globalization and his ambition to lead it during a speech inaugurating his cornerstone diplomatic trade initiative for a new Silk Road.    https://www.bloomberg.com/politics/articles/2017-05-14/xi-opens-china-s-globalization-forum-with-78-billion-in-pledges
 
EAC states outperforming most, IMF report says  Phyllis Kandie, the Cabinet Secretary for East African Community, Labour and Social Protection, at NSSF Building Theconomic expansion rate for the region as a wholedropped to 1.4 per cent last year, the International Monetary Fund (IMF) foundThat was the slowest rate in more than 20 years and below the level needed to keep pace with a burgeoning population growthThe IMF regional survey presents a generally bleak appraisal that runs counter to the “Africa Rising” narrative that has taken hold in recent years. Kenya and the other member states of the East African Community (EAC) are now greatly outperforming the economies of most countries in the sub-Saharan region, the International Monetary Fund (IMF) said in a recent report
 
 

EUROPE

Britain says it's a natural partner for China's new Silk Road
Reuters
British finance minister Philip Hammond said on Sunday Britain is a natural partner for China's new Silk Road program, and as it leaves the European Union (EU) it wants more trade with the world not less. Read the full story


Will Australia follow the Belt and Road?
East Asia Forum
Author: James Laurenceson, ACRI Australia’s reluctance to participate in China’s Belt and Road Initiative (BRI) harks back to its slow entry into the Asian Infrastructure Investment Bank (AIIB). But this time it may be Australian state governments that push the federal government over the line, rather than decisions made by other countries. The economic case... Read the full story


Britain will argue with EU over role of European court: Brexit minister
Reuters
Britain is against the EU's desire for the European Court of Justice to oversee the rights of EU citizens living in Britain after the country leaves the bloc, Brexit minister David Davis said on Sunday. Read the full story

 
Macron's win adds to Poland's worries about its place in EU
Reuters
While the election of Emmanuel Macron as French president with a vision of closer European Union integration was a relief to much of Europe, for Poland and Hungary it fanned fears of losing influence. Read the full story

 
Blessed and Highly Favored:
 
Rafidain does the service of the citizen's electronic government
Rafidain Bank announced today, Sunday, the activation of the service of the citizen's electronic government to receive complaints citizens.
The bank's information office said in a statement received by "The Journal News" that "the bank started activating the citizen's electronic government for citizens complaints for easy communication with the bank through the e-mail to receive complaints with citizens."
He added that "this step comes in accordance with the directives of the General Secretariat of the Council of Ministers in facilitating the reception of citizens' complaints."
He pointed out that "the complaints form will allow the citizen to easily communicate with the bank through e-mail to receive complaints sent to the relevant sections and answer them with a fixed time limit and then send them to the citizen by e-mail or telephone number.

Al-Rafidain and Al-Rashid Bank deny the non-payment of dues to the farmers and announce the availability of the necessary liquidity

15-05-2017 12:30 PM
The Rafidain Bank said that 'the reports of the lack of funds to pay the dues of farmers are unfounded news about health and its goal to discredit the bank', pointing to 'sufficient financial liquidity to pay the dues of farmers in all branches in Baghdad and the provinces'.


For his part, said the Rashid Bank that 'continues to pay dues to farmers according to the directives of the Prime Minister', calling 'all farmers and farmers to review branches in all provinces for the purpose of receiving their dues from agricultural crops'.

It is noteworthy that the government directed the Ministry of Commerce to distribute the dues of farmers from wheat and barley through the branches of the Rafidain Bank deployed in all Iraqi provinces
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 "
 
Kauaihn Chatter:
 
 
5-15-2017   Intel Guru Frank26   1.  INITIATION  2.  IMPLEMENTATION  3.  ACTIVATION.  YOU NEED TO UNDERSTAND THE POWER BEHIND THESE WORDS...THE FIRST 2 ARE DONE AND WE AWAIT THE THIRD ONE. ALL BECAUSE THE WORLD BANK LAUNCHED THE MONETARY REFORM ON APRIL 28TH WITH THE IRAQI FINANCE MINISTERS, THE GOI, AND ABADI.  THE PLAN WAS TO END MOSUL BY APRIL 17...TO ACTIVATE THE MONETARY REFORM ON APRIL 28TH, AND...IMPLEMENT THE MONETARY REFORM IN THE FIRST HALF OF 2017.  ABADI TOLD THE IRAQI CITIZENS LAST YEAR THAT DURING RAMADAN HE HAD SOMETHING SPECIAL FOR THEM BUT WAS UNABLE TO ACCOMPLISH THIS...DO YOU REMEMBER THAT ARTICLE?  THIS IS ALL IN MY OPINION.   [post 2 of 2]
 
5-15-2017   Intel Guru Frank26   FIRST OF ALL THE ISIS CALIPHATE AS OF TODAY [SUNDAY] HAS ENDED AND ONLY 2 DISTRICTS REMAIN IN THEIR CONTROL AS OF THIS MORNING...IRAQI FORCES STORMED 4 DISTRICTS AND HAVE MADE LARGE GAINS...CITIZENS ARE RETURNING TO MOSUL BY THE 1,000'S FROM THE SOUTH TO THE EAST.  WE BELIEVE THAT ABADI IS ABOUT TO ANNOUNCE FULL LIBERATION OF MOSUL...I ALSO NEED TO EXPLAIN TO YOU WHAT ABADI IS DOING FOR THE CITIZENS DURING RAMADAN. DON'T EVER FORGET THAT WE SHARED WITH YOU AND SO DID ABADI...THEY WILL BE INTERNATIONAL BY THE END OF THE FIRST HALF OF 2017...THE DEFINITION OF "FIRST HALF OF 2017" IS BY THE END OF MAY/START OF JUNE.   [post 1 of 2....stay tuned]

5-15-2017   Newshound Guru Aggiedad77  Article:  "Nasr Mosul in sight"    Mosul "in sight"...this is the final push it sure sounds like to me...perhaps under the cover of a sand storm...make it so.
   
 
5-14-2017   Newshound Guru Phillyman   Article:  "Abadi, Sadr near alliance as Maliki renounces majority governance"   Quote:  "Iraqi Prime Minister Haider al-Abadi is nearing an “electoral alliance” with influential Shia religious and political leader Muqtada al-Sadr in a bid to isolate former PM and premiership hopeful Nouri al-Maliki, according to a newspaper."   Could this finally be the tipping point to change the course of Iraqi politics away from Maliki?
 
5-13-2017   Intel Guru RayRen98   Updates from Iraqi TV since...Wednesday... Wednesday Night:   Military leaders on TV today still saying that the goal is to have Mosul liberated by Ramadan.  The formal announcement for the total liberation of Mosul should be between the 15th and 19th of May. We "should" see the RV either right before 26 May or during Ramadan which starts on the 26 May. That's what is being said in Iraq in the Mosques.   Thursday:  10 percent left to liberate and all ATM's are to be activated soon. More territory was liberated today. Parliament was in meetings and passing more laws.  Friday:  Iraq stating deals done so that ATM's are now being placed in all post offices in Baghdad and surrounding provinces which will allow access to citizen's MasterCards.   Saturday:  Iraq TV announced another district liberated today with 13 districts remaining and 2 more main bridges before full liberation is achieved.
5-13-2017   Newshound Guru Aggiedad77
    The news today is creating a steady "flow" today...a flow like a lava flow...once it is in motion...it is almost impossible to be stopped...a motion that could soon lead to a light speed movement... the BEST is coming.  

5-13-2017   Intel/Newshound Guru tman23   Since it appears to be a matter of fact that Kurdistan will hold a referendum come late October early November... Since previous articles from past years pushed/delayed the lifting of 3 zeros from the first of the year to June... IF WE ARE CLOSE TO SEEING A CHANGE IN THE CURRENCY... AND SINCE IT WAS SAID TO HAPPEN THE BEGINNING OF 2017...IT IS LOGICAL TO LOOK FORWARD TO MAY 29TH TO JUNE 1ST...AND IT IS LOGICAL TO ASSUME THAT IF IT DOES NOT HAPPEN JUNE...IT MAY WAIT FOR THE KURD REFERENDUM AND HELLO 2018!   BUT...Since Baghdad would like to keep Kurds interested in a united Iraq...I would think an added value to their currency would lean the scales in that direction...UNITED.

5-13-2017   Newshound Guru G-Lin   [new Guru]   Article: "ATMs for MasterCard card users"  Quote: "the project will be completed within the next few years after the final approvals of the implementation conditions have been completed legally"   I'm not too concerned about that 3 year mention. This art. is a very encouraging one. It looks as though Iraq has already accomplished huge things in the banking industry. We are right in the middle of Iraq going digital. E money. And IMO those ATM's will not slow things down one bit. They apparently have already connected to international banks. That is huge. I think the majorities of salaries are being paid on smart cards and that will encourage the peeps to warm up to banks and bring in those 3 0's notes. Once they pull in the liquidity under the mattresses I think they will bring out the LD's. I don't know when that will be of course, but they seem to be on a fast track currently.  At least in the banking industry. And that is exactly what IMF has told them repeatedly to do. Finally they are complying. 

5-13-2017   Newshound Guru Phillyman  Article:  "International Development Bank (IDB) is granted a membership license to MasterCard International"   Quote:  "The International Development Bank (IDB) on Thursday held the signing ceremony for the contract for the granting of a basic membership license to MasterCard International in Baghdad."     I wish the time table wasn't as stated  "the project will be completed within the next few years after the final approvals of the implementation conditions have been completed legally" but it certainly is a huge step in the direction of a nation trying to make great strides in their economy.  It would also be nice when electricity is running 24/7 to keep those ATMs on.
 
Elmer:
 
Not in today
 
Artmeister:
 
Not in today
 
Catnip:
 
 

ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not posted on English side)

Prime Minister Dr. Haider Abadi receives Baroness Emma Nicholson

Prime Minister Dr. Haider Al-Abbadi received in his office Sunday the head of the British-British Business Council (LBBC) Baroness Emma Nicholson.
During the meeting, they discussed boosting relations between Iraq and Britain and increasing cooperation in all fields, especially economic ones. He stressed that the doors of investment are open to international companies, including British companies, because of its great capabilities. It also stresses the importance of activating the commercial sector and increasing opportunities for capacity building. Iraq.
They also discussed the contribution to the restoration of liberated areas and the implementation of social welfare programs in other regions.

Prime Minister's Media Office
May 14, 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 and Commander-in-Chief of the Armed Forces, Dr. Haider Al-Abadi, briefed on the progress of Yaninawi's operations

The Prime Minister briefed the Commander-in-Chief of the Armed Forces Dr. Haider Abadi on the progress of operations coming Ninawa and the approaching of our heroine forces to resolve the battle. 
This came during his visit to the Joint Operations Command and his meeting with the military and security leaders. A detailed explanation of the operations and the progress of the forces in various axes and their approach to liberating the entire right side of Mosul was presented. 
He issued a series of directives that contribute to sustaining the momentum of the victories and speeding up the battle, while stressing the importance of preserving the lives of our forces and civilians. 

Prime Minister's Media Office 
May 13, 2017

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ARTICLE 2

Urgent .. Abadi join the meeting of the National Alliance

2017/5/14 21:17
[Ayna - Baghdad] 
Prime Minister Haider al-Abadi joined Sunday the National Alliance meeting held in central Baghdad. A source told the agency of all Iraq [where] that "Abadi joined the meeting of the National Alliance, where will review the victories achieved by the security forces in Mosul, and access to advanced stages of victory in addition to the examination of the election file."

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ARTICLE 3-A

The House of Representatives raises its meeting to tomorrow

2018/5/14 15:59
Ayna-Baghdad] 
The House of Representatives raised its session until Monday.
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ARTICLE 3-B

The work of the advisers and the first amendment to the amnesty law on the agenda of the parliament today

BAGHDAD, Iraq - May 15, informed sources said on Monday that the agenda of the House of Representatives in its regular 35 session to be held today, includes a vote on the draft law regulating the work of advisers and vote on the draft law to reform inmates and depositors and vote on a bill The First Amendment to the Amnesty Law No. (27) of 2016.
"The agenda of the session includes a report and discussion of the draft amendment of the Third Law of Governorates not organized in the region No. (21) for the year 2008 in addition to the abolition of legal texts that prevent the courts from hearing the lawsuits No. (17) for the year 2005, The decision of the Revolution Command Council dissolved No. (100) for the year 2000, "noting that" the meeting also includes the subject of returning the families of the martyrs to non-combat units and read the reports of the Committees of the quarterly activity of the Committee on Security and Defense and the quarterly activity report of the Committee on Culture and Information. " 

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ARTICLE 4

Rocket and heavy artillery strikes on positions and tightening the screws in Kairouan

NINEWA, Iraq, May 14 (UPI) - The Iraqi Army's artillery and missile force targeted densely populated sites in Kairouan and its environs in preparation for breaking into the Nahia district, the military information cell reported Sunday.
"Iraqi forces targeted densely populated sites in Kairouan and its environs west of Mosul on the third day of the operations of Mohammed Rasool Allah II to achieve their goals to liberate Kairouan and the adjacent villages west of Mosul," the statement said. Continue the process of isolation and encirclement in the vicinity of Kairouan as a prelude to break into the area. " Ending AH

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ARTICLE 5

Well-informed sources: Daadish has only a supply line of Qahtaniyah - Kairouan in Mosul

Nineveh, May 14 (AKnews) - Informed security sources said on Sunday that the Qahtaniyah line, Kairouan, to the west, is the last line that remains to be supplied in Mosul. It pointed out that "the Iraqi forces carried out a process of wrapping quality, which controlled the main street south of Kairouan, while cutting lines of supply and full fuller and left the enemy only line Qahtaniya Kairouan west," noting that "the three axes of Iraqi forces are equal to the northern front And east and south towards Kairouan. "
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ARTICLE 6

Pope Francis prays for Yezidis as Iraqi troops advance in Mosul

2017/5/14 22:48
[Ayna - Baghdad] 
Pope Francis on Sunday drew attention to the plight of people suffering from war and conflict in the Middle East as Iraqi forces advance towards a guerrilla stronghold and aiding the terrorists in Mosul.
"Many innocent people are in great distress whether they are Christians, Muslims or minorities like Yezidis who suffer from violence and tragic discrimination," the Pope said after his weekly sermon at the Vatican. 
"I call on different groups to pursue dialogue and friendship to build a future of respect, security and peace away from any form of war," he added. 
The battle for control of Mosul is coming to an end after seven months of hard fighting. The Yazidis in Mosul suffered persecution and detention by Dahesh, whom he considered to be Satanists. 
The military information cell announced the storming of security forces to the last neighborhoods in the right coast of Mosul.
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ARTICLE 7

Scientists: Coffee is much better than palliative pills

LONDON (Reuters) - Coffee is a much better treatment for chronic pain from over-the-counter parenteral pills, according to a recent scientific study conducted by American researchers. "Feeling tired greatly increases pain sensitivity, which makes people resort to painkillers," the researchers said.To confirm the results of the study, scientists from the Boston Children's Hospital gave laboratory mice either painkillers, coffee or hypnotic pills, and found that the mice most awake after a dose of caffeine or long sleep were less pain-sensitive than analgesics. The researchers explained their findings, saying drinking caffeine-containing coffee raises the level of dopamine to the center of pleasure in the brain, reducing pain. "Five consecutive days of moderate sleep deprivation can significantly worsen pain sensitivity over time," said physiologist Dr. Klu Alexander. "Prosthetic drugs can help disrupt the chronic pain cycle, which disrupts sleep, which then promotes chronic pain," the researchers said. Finished (1)

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