For those who can't get on OM, and who don't have access to the forum. I will post here the articles I like for the day and some of my thoughts. Check back later
Iraq is undervalued, booming, and about to win the war against ISIS. Here is the bullish scenario for investors.
Iraq is considered to have the world’s second largest proven oil reserves with 140 billion barrels. That said, it could be much higher as much of the data is 2-D seismic and predates the 2001 Gulf War.
Right now, Iraq's assets are severely undervalued for two reasons: the low oil price and the war with ISIS. Both of those factors are changing.
The war against ISIS is winding down.
The Atlantic reports: "The Scramble for Post-ISIS Syria Has Officially Begun."
The Guardian reports: "Isis Faces Exodus of Foreign Fighters as its ‘Caliphate’ Crumbles."
Business Insider reports: "ISIS is losing ground."
Military.com has reported that ISIS has lost 55,000 square kilometers of territory since its peak in 2014. ISIS is losing on all fronts and as of last week controls less than 10% of Mosul.
The current goal of the U.S. military has switched from regaining territory to destroying ISIS fighters before they escape back to their home countries.
The end result of this is that some three million people are returning to their homes in liberated cities.
Oil Production Up
Despite all of the violence, Iraqi oil production continues to climb and is now more than double Gulf War output.
It should be noted that oil accounts for 90% of the government revenue. But Iraq as part of OPEC has agreed to cut oil production by 210,000 barrels a day to 4.351 million until the end of the year.
According to the Iraq Business News there are a number of international oil companies in Iraq including BP, CNOOC, China National Petroleum Corp, Dragon Oil, Egyptian General Petroleum, Eni, ExxonMobil, Gazprom, Inpex, Shell, Total, and Turkey Petrolleri.
Iraqi Kurdistan has about five companies listed outside Iraq. These include DNO ASA (DNO: Oslo) and Genel Energy Plc, listed in the UK (GENL.L)
A smaller company, Kuwait Energy, is seeking a London IPO in an attempt to raise $150 million. The company produces 27,000 barrels a day from its holdings in Southern Iraq.
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Booming Stock Market
The only reason to play risky frontier markets like Iraq is because you can get oversized returns that are not correlated with the U.S. markets.
Iraq has a stock market that was set up by the U.S. and is based on the NYSE. The ISX has over 80 companies and they are rocking.
Iraq is the fastest growing country in the Middle East. Its GDP grew 11% last year. Its debt is rated stable at “B”. Inflation is low at 2.2% but expected to go up this year. Its currency, the Dinar, is steady and pegged to a basket of other currencies.
If you want to invest there's an AFC Iraq fund, which has performed poorly over the past five years but has bottomed and put in a higher high.
AFC Iraq Fund
The Iraq Fund is loaded with banks (58%) which could benefit as the war against ISIS is won and new direct investment begins. The private banking sector is underdeveloped in Iraq and could see substantial growth.
All in all, Iraq offers a very compelling growth story as a young and attractively valued market with significant room to grow. The economy has been held back by 35 years of wars, sanctions, and civil strife.
That said, post-war countries do very well. Sri Lanka, for example, saw a rally of more than 250% in the 18 months following its civil war. Indonesia, Colombia, and Vietnam all did extremely well post-war.
From a macroeconomic perspective, the country has a large, young, and rapidly growing population estimated at 35.9 million. Income levels will continue to increase as foreign investment in the oil industry and higher exports support domestic consumption.
I am currently doing my due diligence at the Iraq Oil Conference in London. I will let you know what I find next week. If you are interested in Iraq or other frontier investments, join me and others at Crisis & Opportunity.
BAGHDAD (Reuters) - President Fuad Masum returned to Baghdad on Sunday night for a two-day visit to the capital Baghdad after a two-day visit at the invitation of King Salman bin Abdul Aziz to attend the Arab-American Islamic summit.
During the visit, President Masoum met with Egyptian President Abdel Fattah al-Sisi. The two leaders discussed the necessity of cementing the strategic bilateral relations between the two countries in all fields, especially oil, trade and economic in general and on the basis of common interests. During the meeting, he extended an official invitation to President Sisi to visit Iraq. During his stay in Riyadh, the President of the Republic also met Tunisian President Béji Kaid Al-Sibsi and discussed with him ways to enhance joint work between Iraq and Tunisia in various agricultural, tourism and cultural fields as well as the development of information cooperation. During his visit to Saudi Arabia, the delegation included Deputy President Osama Najafi, Defense Minister Irfan Mahmoud Al-Hayali and a number of advisers. The leaders welcomed the readiness of a number of Islamic countries participating in the Islamic Military Coalition to Combat Terrorism to provide a 34,000-strong reserve force to support operations against terrorist organizations in Iraq and Syria when needed
Details ... meetings and secret meetings within the Saudi embassy in Baghdad to curb Iran
A source familiar with the secret meetings with elders from the southern provinces inside the Saudi embassy in Baghdad to reduce the interference of Iran.
The source told Sky Press that "the Saudi embassy in Baghdad has not stopped its normal activities, as it holds periodic meetings with secret elders of the southern provinces inside the Rashid Hotel in central Baghdad."
The source added that "huge sums of money are disbursed by the Saudi consul in Baghdad Meshaal al-Otaibi to win the support of the southern provinces in maintaining the Arabism of Iraq and reduce Iran's interference in the country."
The Saudi ambassador to Baghdad, Thamer al-Sabhan, left earlier, Iraq back to Riyadh, while media reports indicated the appointment of Brigadier General Abdul Aziz bin Khalid al-Shammari, military attaché in Germany, as the minister of the rank of ambassador in Iraq.
And since he took over the post of Saudi ambassador to Iraq, the beginning of this year. The news follows Thamer al-Sabhan, who has become the focus of the media because of the comments and accusations and movements on political parties, were exciting and sometimes suspicious, and met by negative reactions from Iraqi politicians.
Baghdad announces the distribution of the salaries of the departments and directorates of the disengagement after the completion of its procedures
Since 2017-05-22 at 11:42 (Baghdad time)Baghdad Mawazine News
Baghdad governorate announced on Monday the distribution of salaries of the departments and directorates of the disengagement after the completion of special procedures in the province.
A statement issued by the media office of the province of Baghdad received / Mawazin News / a copy of it, "The procedures for the distribution of salaries of staff of directorates that have been linked to the province recently completed and will see the distribution of salaries of directorates after the arrival of special notification to them from banks."
The statement added that "the delay in the payment of salaries of the directorates in the past months was due to the disengagement procedures followed by the Ministry of Finance, which led to a delay in funding the account of the departments involved in the disengagement."
The opinions expressed below do not reflect the opinion of Mawazine News, but reflect the views of their respective owners only
Iraq confirms its ability to pay its financial debts
Some believe that Iraq has been burdened with external and internal debt, while the parliamentary economic committee believes that the country is able to pay the debts and it is in a sound financial position, while the government asserts that Iraq is a country rich in resources and can pay back what he promised.
Member of the Parliamentary Finance Committee Jabar al-Abbadi stressed that Iraq is able to pay the debts owed by the fact that it has fulfilled its obligations and benefits and evidence of the high rating of Iraq's credit according to international agencies, "noting that" this indicates that the country is able to pay its own in the position of Mali sound".
Al-Abbadi said in an interview with «Journal News», that "the debt owed by Iraq, most of the precedent and the amount borrowed by this government is few," noting that "the loans taken not only for the purpose of operational projects, but were investment to be able to pay the debt."
The member of the parliamentary financial committee that "the mechanism followed by the government was clear that these amounts for investment projects to meet the government's obligations," noting that "the debt was a few benefits and comfortable and a good proportion of institutions and international banks to support the budget."
"Some people are trying to link Iraq's public debt with the current government and the current circumstances, but the public debt of the country is estimated at $ 111 billion and the foreign debt reached nearly $ 56 billion by 2014. After that date, Iraq borrowed only $ 12 billion and was borrowed externally, "He said.
He pointed out that "the amount of 56 billion some before 2003 and amounted to about 41 billion, which is outside the Paris Club and was not subject to the settlement that took place in the club and most of the countries that have been borrowed from him has not been claimed until now."
He pointed out that "the remaining debt of up to 40 billion or less, which is internal debt and was up to 50% before 2014," noting that "the amount achieved from 2014 to 2016 came to pay the salaries of self-financing companies losing."
Abadi said that "in the budget 2015 and 2016 banks were paying the losing companies salaries under treasury bonds from the government, but in 2017 the government has begun to give the money directly and without borrowing.
For its part, the government pointed out that most of Iraq's debts are internal, while it noted that the country is rich and can rely on new sources of revenue without the need to borrow.
The adviser to the Prime Minister for Economic Affairs, Dr. Abdul Hussein Al-Anbuge told the «Journal News», that "Iraq hopes in the future that oil prices will rise again to be able to pay the amount owed," explaining that "most of these debts are internal and not external and then the payment is much easier "He said.
Anbuge said that "every religion carries within it a mechanism of repayment, which depends on the size of these debts," noting that "mostly soft loans and a grace period."
"The government is seeking to diversify the economy and sources of revenue to reduce reliance on debt by activating state factories and private sector participation, or selling agricultural and industrial land to local investors, as well as a marked increase in tax and fees revenues, which are sources of support," the prime minister said. The state budget without the need to borrow, "noting that" the borrowing was reduced during the current year, excluding bonds issued by the government. "
While the economic expert Abdul Karim Jaber Shangar, "the existence of soft means to Iraq if the choice of the principle of differentiation in the selection of loans, the first investment and then comes loans from the World Bank and some international organizations and bilateral loans between Iraq and a number of countries with financial abundance, while IMF loans are difficult loans for countries that have obtained or are trying to obtain them. "
"This procedure makes the International Monetary Fund the guardian of the economic programs in these countries and naturally put these conditions in front of Iraq some of the problems that lead to the lifting of government support for some poor groups that are in need of support, To other conditions relating to the duration of repayment and interest, and thus the loans issued by the International Monetary Fund away from the status of soft loans or hard.
Mutlaq: We reject the establishment of a Sunni region and seek to restore national cohesion
Editorial date: 2017/5/21 11:40 • 76 times scheduled
"We reject the calls for the establishment of a Sunni region in Iraq," said MP Hamid al-Mutlaq, stressing "their efforts to restore the unity and national unity of the people of Iraq."
"We reject the calls for the establishment of a Sunni region in Iraq, but there are real efforts to restore the national cohesion of all the people of Iraq and to avoid any escalation in this regard," al-Mutlaq told al-Furat News. He pointed out that "the wrong political discourse brought Iraq to the status quo," calling for "the dissemination of a culture of citizenship in all the provinces that need to pause the truth in all aspects of security, service and economic and address all cases in the provinces." "We are not Sunnis who are thinking about dividing and dividing the national ranks, but we are trying to address all the problems that the Iraqi people are suffering," he said, pointing out that there is a Sunni power unhappy with the current situation and the political process in the country. He pointed out that "all Iraqi provinces suffer deprivation, so it is necessary to pursue a unified national project for the Iraqi forces to contribute to alleviate the suffering of the Iraqi people, through acts of truth aimed at removing the fragmentation of the Iraqis, Al-Mutlaq called on Sunni leaders who have a different political speech to strengthen the role of law and support the government and stay away from sectarianism because of Iraq's large-scale regional offensive aimed at dismantling and dividing it, which necessitates the promotion of national positions and the government's defiance. On the de-Baathification law, he said that "we stress the need for the judiciary to take its course in terms of the law and be the last word of the Iraqi judiciary on the de-Baathification file."
Agriculture: farmers and farmers receive their full entitlements for wheat this season
Release date: 2017/5/21 11:18 • 75 times scheduled
(Baghdad: Al Furat News) Ministry of Agriculture announced the receipt of farmers and farmers full financial dues for marketing wheat crop within the agricultural and marketing plan for the current agricultural season, which contribute to support and promote the sustainable agricultural process.
A statement to the ministry received the agency {Euphrates News} a copy of it, "The Council of Ministers directed the need to pay the financial dues for farmers and farmers who market their crop to the centers and silos competent within a maximum of seven days from the completion of the marketing process for the agricultural season 2016 - 2017 to complete the requirements and areas of the agricultural process Miscellaneous for the advancement of the agricultural sector ". He added that "the Ministry of Agriculture is keen to receive farmers full financial dues if they finish the marketing process of wheat and barley crops to complete the procedures that contribute to speed up the completion of the process of receipt of their dues," noting that "the marketing process is easy and operate in high flow commensurate with the implementation of the agricultural and marketing plan prescribed by my ministries Agriculture and Trade ". The Ministry of Agriculture continues to pay full financial dues to farmers and farmers for the previous years, after the completion of the completion of their transactions by the Office of the Federal Financial Audit represented by the Audit Department for Agriculture and Reconstruction in the Office, where they launched many meals from the lists of the names of farmers and farmers who marketed their crops to the centers of Mesopotamia General Seed Their transactions were completed by the Audit Bureau
Kauaihn Iraq Articles:
International moves to hold a conference of neighboring countries in Baghdad
There have been repeated calls for senior Iraqi politicians to convene a conference of Iraq's neighbors to urge them to coordinate with Baghdad in the face of terrorist challenges, at a time of moves by international parties to urge Iraq to hold such a conference in the framework of normalization of the situation for a new phase after the defeat of the organization.
In the opinion of MPs and analysts that these calls when issued by Iraqi political figures, as well as hints from the US administration in the conclusion of new agreements with Baghdad may be shared by NATO, it means Iraqi and international attention to arrange the situation in the next phase in preparation for a greater goal hidden for everyone.
The US hints came after US President Donald Trump toured a number of Gulf capitals, notably Riyadh and Israel, as part of a contract and renewal of Washington's alliances after a period of stalemate under his predecessor, Obama.
The new US administration is urging relations with Baghdad as a key partner in the war on terror and working to keep it away from the Iranian axis, which is threatened by its interests.
However, political deputies and analysts differ in their positions from those calls, some of them see it for media consumption ahead of the elections, and some see it will not be achieved because of the insistence of some neighboring countries to export their crises to the inside of Iraq, which indicates its destructive role in Iraq
MP for the mass of citizen, Mohammed Kash, told the «Journal News», that "there is an invitation from the President of the National Alliance," Ammar al-Hakim "to the Islamic Republic of Iran, Egypt, Saudi Arabia and Turkey to hold a conference in Iraq and this conference was held will be a qualitative leap towards the end Political intersections between Iraq and these countries. "
"One of the most important decisions of this conference is to eliminate terrorism, which has become a global threat to all the countries of the region, as well as to examine the economic challenges posed by the security challenges. Many countries in the Middle East and the world are suffering a severe economic crisis. Have an economic benefit and a common benefit through the exchange of interests between these countries and Iraq. "
He stressed that "Iraq should reconcile its relations with neighboring countries and Western and Islamic countries and Arab and must clarify the threat of terrorism through regional summits and Arab summits."
He pointed out that "Iraq and through these conferences must clarify his point of view and bring closer to the other views and take assurances from these countries that their citizens will not join the terrorist organizations and engage with a supporter and assures them that terrorism will reach all countries that saw the flow of many of its citizens from Who later collaborated with the terrorist gangs. Iraq defends everyone because he fights the terrorist and calls for the drying of his sources.
While the coalition of state law was surprised by the existence of a proposal to hold a regional conference with the neighboring countries of Iraq.
Chile's delegation arrives in Baghdad today to sign investment agreements with Iraq
Baghdad: Foreign Minister Ibrahim al-Jaafari received a copy of the credentials of Chile's new non-resident ambassador to Iraq, Fernando Salakit Sepulpeda, on Sunday at his Baghdad office.
"During the meeting, they discussed the bilateral relations between Baghdad and Santiago, ways to strengthen them to serve the interests of the two friendly peoples, and review the efforts of the Iraqis in their war against terrorist gangs," a foreign ministry statement said. Jaafari told the Chilean ambassador "his wishes for conciliation and success in his work in Baghdad, and expressed the readiness of the Foreign Ministry to provide all the support for the success of the mission of the diplomatic mission, and open prospects for joint cooperation." "Iraq is achieving successive victories in its war against terrorism and will liberate all of its territory from the grip of an arrogant terrorist. These victories are not only for Iraq but for the whole world," he said. He stressed that "Iraqi diplomacy works to strengthen bilateral relations with all countries of the world, activate common interests and face common dangers." He stressed that the exchange of visits between the two countries' officials will increase coordination and cooperation in the security, economic and political files. For his part, the Chilean ambassador confirmed his country's support for Iraq in its war against terrorist gangs and that the bilateral relations will witness great progress in the coming period in different fields, blessing the great victories achieved by the Iraqis, which represents the determination of the Iraqi people to eliminate terrorism and preserve its unity. He pointed out that "a delegation from his country will arrive today in Baghdad in the framework of opening new horizons for joint cooperation, and investment in many sectors, and the signing of a number of agreements between Iraq and Chile
Iraq calls on Saudi Arabia to grant visas to pilgrims from its embassy in Baghdad
The head of the Supreme Commission for Hajj and Umrah Khalid Al-Attiyah on Sunday called on Saudi Arabia to grant Iraqi pilgrims entry visas from its embassy in Baghdad, while announced a draw for the supplementary 2018 of applicants to the previous draw.
The Saudi authorities decided to grant visas to the Kingdom to pilgrims electronically, so that the visa will be separate from the passport itself, and in this process will be granting these visas easily," the head of the authority said in a statement.
He added that "the visa authority for Iraqi pilgrims did not specify whether they are from the Saudi embassy in Baghdad or Amman, but we call for visas to be from the Saudi embassy in Baghdad, especially after the development of relations between the two countries."
2017 – 2018". Sheikh Al-Attiyah announced that "the Authority will conduct in the coming weeks a draw for the 2018 pilgrimage season of applicants on the previous lot of Hajj who were not lucky to win the pilgrimage seats for the years 2017 - 2018."
He stressed that "the increase received by Iraq as of this year 2017, amounting to about 8,500 pilgrims were distributed from the winners of the lot of 2018 legally and fairly."
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Foreign Ministry receives credentials of Chilean ambassador to Iraq
Foreign Minister Ibrahim al-Jaafari received a copy of the credentials of Chile's new non-resident ambassador to Iraq, Fernando Salakit Sepulpeda, at his office in Baghdad.
"During the meeting, they discussed the bilateral relations between Baghdad and Santiago, ways to strengthen them to serve the interests of the two friendly peoples, and review the efforts of the Iraqis in their war against terrorist gangs," a foreign ministry statement said.
Jaafari told the Chilean ambassador "his wishes for conciliation and success in his work in Baghdad, and expressed the readiness of the Foreign Ministry to provide all the support for the success of the mission of the diplomatic mission, and open prospects for joint cooperation."
"Iraq is achieving successive victories in its war against terrorism and will liberate all of its territory from the grip of an arrogant terrorist. These victories are not only for Iraq but for the whole world," he said.
He stressed that "Iraqi diplomacy works to strengthen bilateral relations with all countries of the world, activate common interests and face common dangers." He stressed that "the exchange of visits between the officials of the two countries will achieve greater coordination and cooperation in the security, economic and political files."
For his part, the Chilean ambassador confirmed his country's support for Iraq in its war against terrorist gangs and that the bilateral relations will witness great progress in the coming period in different fields, blessing the great victories achieved by the Iraqis, which represents the determination of the Iraqi people to eliminate terrorism and preserve its unity.
He pointed out that "a delegation from his country will arrive today in Baghdad in the framework of opening new horizons for joint cooperation, and investment in many sectors, and the signing of a number of agreements between Iraq and Chile."
In Najaf, a river threatens the lives of a quarter of a million citizens
"This is what God said in his dear book, but in the province of Najaf, a quarter of a million citizens are exposed to the paradox of life after the Kufa watershed filled with heavy water flowing into the river just meters away from the Kufa water project, which feeds about a quarter of a million people With many health and environmental risks.
"The effects of heavy water have moved to animals in the nearby area, as well as fish in the river and even plantations on the edge of the Shuf al-Kufa," he said.
"The heavy water away from the water project in Kufa district is only about 50 to 60 meters, which certainly has an impact on drinking water," said Majid Ali Majid, director of quality control at Najaf Water Department.
And Majid, despite the sterilization and liquidation of water for drinking but there are negative effects from heavy water. "He also noted that the water department of Najaf raised letters appealed to the province and the Directorate of sewage and the Environment Directorate, but to no avail.
For his part, said the founder of Kufa, Hamza al-Olawi told «Journal News», the presence of heavy water in the Shatt al-Kufa will cause a major environmental disaster threatens the lives of hundreds of thousands of citizens in the judiciary, "calling for the allocation of funds for the purpose of moving the water project or find new liquidation stations. Al-Olawi to close the drainage project if the concerned parties do not solve the problem.
Shat Kufa branch of the Euphrates River is the only source of water for the province of Najaf.
Germany allocates funds to implement 3 projects in Sulaymaniyah
Khandan - The German government and through the GIZ organization have allocated a number of service projects in the province of Sulaymaniyah.
Sulaimaniyah province said Sunday that the signing ceremony was held in the presence of local officials from Sulaymaniyah, and Karis Pastor, EU representative in the Kurdistan region, as well as GIZ program director Jenny Hornsch.
According to the signed contract has been allocated 148,299 euros to implement 3 projects within the boundaries of the province of Sulaymaniyah.
A total of 49,843,000 euros were allocated for Rania's electricity project, 49,123,000 euros for the project of delivering drinking water to Rabrin area in Sulaymaniyah, and 49,253,000 euros for the intensive care project at the children's hospital in Sulaymaniyah
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
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People over 100 years old from around the world share their secrets
Daily Mail
New Yorker Dominic Miglino said his secret was a shot of Remy Martin cognac every morning; while Japanese mother-of-seven Kamato Hongo said: 'Sleep for two days then stay awake for two'. Read the full story
No tax refund this year? 3 other ways to score extra cash USA TODAY
With these money-saving measures, you may not even miss that tax refund. Read the full story
OIL / COMMODITIES / ENERGY
OPEC heads towards supply cut extension as Saudi signals most on board Business Insider
Saudi Energy Minister Khalid al-Falih arrives to attend the Saudi-US CEO Forum 2017 ahead of Trump to Saudi Arabia Thomson Reuters By Reem Shamseddine and Marwa Rashad RIYADH (Reuters) - OPEC and other oil producers are on course to agree an extension of supply cuts at a meeting on Thursday, with Saudi Arabia saying most participants are on board with the plan to rein in a global supply glut. Saudi Arabia's energy minister said on Sunday that extending the supply cuts by a further nine months Read the full story
Market Status: Stocks, Commodities and Gold ValueWalk
It has now been exactly 10 months since we established 2410 as the measured objective for the S&P 500. In forming a potential double top this week at 2405.77 I’d say we are close enough to call the target in (as we did in February when the first top was made on what we called... Read the full story
BANKS / BANKING
Small Business Financing If the Bank Denies You Business 2 Community
There are many reasons to seek small business financing. When you’re a startup company, you need money to get off the ground. If you decide to expand your small business, money will make that possible. Or, maybe you need money to improve business processes. I quickly became flat-broke during the process of starting my first business. I borrowed money and went further and further into debt until I had borrowed nearly two million dollars (which I’ve since paid off). The root of a startup is money. Read the full story
Five minute guide to investing in the UK's big banks Express
THE taxpayer has recouped the billions it spent bailing out Lloyds Banking Group during the financial crisis as the sector finally recovers. The Government bought a 43 per cent position in the bank in 2008 for £20.5billion to prevent a banking meltdown, and is now set to offload its remaining stake. Lloyds’ share price jumped on the news, peaking at 74p earlier in the week, and stockbrokers are now saying it could be a good long-term investment for savers seeking dividend income. Read the full story
SBI Fees For ATM Withdrawals, Cheque Books, Debit Cards. Details Here NDTV
SBI reported a 122.72 per cent increase in its net profit to Rs 2,815 crore in the last quarter of 2016-17 fiscal ended March 31. Its net profit was Rs 1,264 crore in the same period in 2016. Read the full story
UAE’s Mubadala invests in SoftBank Vision Mubasher
Abu Dhabi – Mubasher: Abu Dhabi-based Mubadala Investment Company on Saturday announced investing in SoftBank Group Corp’s Vision Fund, which is specialised in technology and creativity, according to a press release. The fund started operating … Read the full story
TREASURIES/ BONDS/ STOCKS
Here's what the bond market is telling us about reflation Business Insider UK
Global fixed income markets are flashing caution on “reflation trades” predicated on an expansionary economic environment. Positions that have recently come undone include betting on steepening yield curves and inflation expectations (inflation-linked over nominal bonds)—and in equity markets, picking value over growth shares. Yields have halted their late-2016 climb, curves have flattened, and market-based inflation expectations have waned. Yet we believe these market moves mostly reflect a Read the full story
CURRENCIES
AP Explains: What is Bitcoin? A Look at the Digital Currency EDGE Media Network
It's worth more than an ounce of gold right now, it's completely digital and it's the currency of choice for the cyberattackers who crippled computer networks around the world in recent days. Read the full story
Forex reserves down $443.6 mn to $375.27 bn due to fall in currency assets Business Standard
Photo: Shutterstock After touching a record high, the country's forex reserves declined marginally by $443.6 million to $ 375.27 billion in the week to May 12, due to fall in foreign currency assets, the Reserve Bank said. In the previous week, the reserves had touched a life -time high of $375.71 billion. Foreign currency assets (FCAs), a major component of the overall reserves, dipped by $429.4 million to $351.10 billion in the reporting week, the RBI said. Expressed in US dollar terms, FCAs Read the full story
New Evidence Shows Graham and Dodd Were Right About Most Quant Investing Strategies ValueWalk
A recent publication in the Financial Analysts Journal called Facts about Formulaic Value Investing, by U-Wen Kok, Jason Ribando and Richard Sloan demonstrates that most quantitative investing strategies used today are unlikely to generate superior investment performance even with the advent of computers and financial databases. The research states, "We found little compelling evidence that a strategy of buying... Read the full story
EMERGING MARKETS
Brazil's political woes distract from big gains in this booming sector CNBC
Brazil's thriving financial technology (fintech) sector has managed to defy the country's political and economic turmoil. Read the full story
MIDDLE EAST
U.S. and Gulf nations agree to crack down on terror financing The Washington Post
White House officials have described Trump’s speech as starkly and deliberately different from the address Obama delivered to the Muslim world in Cairo in 2009. Read the full story
A
FRICA
Zimbabwe: Why Europe Banned AirZim AllAfrica
The European Commission ban on Air Zimbabwe was precipitated by the failure by the Civil Aviation Authority of Zimbabwe (Caaz) to follow up on progress made by the airline to address safety deficiencies, Standardbusiness heard last week. Last week, the commission blacklisted Air Zimbabwe alongside airlines from Angola, Nigeria, St Vincent and the Grenadines and Ukraine. According to documents obtained by this paper last week, AirZim first engaged the European Commission on April 12 2016 when it Read the full story
Zimbabwe: Why Europe Banned AirZim AllAfrica
The European Commission ban on Air Zimbabwe was precipitated by the failure by the Civil Aviation Authority of Zimbabwe (Caaz) to follow up on progress made by the airline to address safety deficiencies, Standardbusiness heard last week. Last week, the commission blacklisted Air Zimbabwe alongside airlines from Angola, Nigeria, St Vincent and the Grenadines and Ukraine. According to documents obtained by this paper last week, AirZim first engaged the European Commission on April 12 2016 when it Read the full story
GM to End Sales in India, Exit South Africa Fox News
General Motors plans to stop selling cars in India and exit entirely from South Africa. Read the full story
ASIA
Beijing's new weapon in economic war: Chinese tourists Business Insider
U.K. Threatens to Quit Brexit Talks If It Faces Massive Bill Bloomberg
The U.K. will quit talks on leaving the European Union unless the bloc drops its demands for a divorce payment as high as 100 billion euros ($112 billion), Brexit Secretary David Davis said. Britain’s negotiations would otherwise be plunged into “chaos,” and even a 1 billion-pound settlement would be “a lot of money,” Davis said in an interview published in the Sunday Times. The size of Britain’s exit bill, and which types of negotiations can begin before it has been agreed, has been a source of Read the full story
How do EU like that? Britain ready to hand Brussels its OWN Brexit divorce bill Express
THERESA May is preparing to slap Brussels with a hefty Brexit bill of its own in response to European Union demands for an eyewatering £85billion divorce payment. Mrs May said the bloc owed Britain billions of pounds for its share of the European Investment Bank and other joint projects. She told the Sunday Telegraph “money paid in the past” by the UK must be taken into account in any final financial settlement thrashed out during the forthcoming Brexit negotiations. Read the full story
Britain's EU 'no deal' threat is genuine, says Brexit minister Davis Reuters
Britain is prepared to walk away from divorce talks with the European Union without a deal, Brexit minister David Davis said on Sunday, but stressed that he thought an agreement was the most likely outcome. Read the full story
European consumers are the most confident since 2007 City A.M.
Consumer confidence in the Eurozone rose to its highest point since before the financial crisis in May with the outlook for European growth firming. The European Commission’s measure of confidence rose by 0.3 points to reach a negative level of 3.3 per cent. That meant it edged above its previous peak in early 2015, before a reoccurrence of the the Greek debt crisis. The previous high point was reached in July 2007, before the first signs of the global financial crisis roiled the world economy. Read the full story
Blessed and Highly Favored: d
CBI Update:
The CBI for Monday, May 22, 2017 did update on the indicative rates and the sell rate for the USD is 1184. The currency auction is 153,858,635. There is one updated news and announcements for Monday, May 22, 2017 as follows:
1-Announcement/about starting dues regardless contractors received from the Ministry of Finance
ISX Update:
The ISX latest update is Shares Traded is 17,906,418,205 and Values Traded is 6,647,853,472. The ISX ended in GREEN.
TNT Weekend Intel Update for 05/20/2017:
Weekend update information from late Friday evening until early Sunday morning.......
Preparations were underway for a celebration on Saturday (I await further information on the results)
On Saturday morning, it was reported that 5 districts were left to be liberated.
PM Abadi sent out a twitter message referencing the liberation of western Mosul in the past tense. (Could this have served as the "announcement" ???)
Iraqi Counter Terrorism have officially announced that ALL their goals have been accomplished and duties are done in west
4 districts remain with less than 50% ISIS occupation. Liberation of Mosul is deemed complete.
The CBI has discontinued the release of un-circulated dinar outside of the country, more particularly the 3 zero notes.
The official announcement of liberation(with pomp and circumstance) is expected by PM Abadi on Sunday at the summit in Saudi Arabia
Lower denoms and fils are expected to "flow" on Sunday (Time will tell)
Blogs:
Frank26(late Saturday Night) IMO...A [Abadi] did not make an announcement on Mosul today...Maybe he waits to see T [Trump] and make the announcement with him in front of an International Stage. Like the one A was on today but skirted all around the announcement that Mosul is Liberated. IMO we do not need Mosul for an RV BUT...We need A to say Mosul is Liberated. There is a Grand Canyon differences between these two statements. A and T should meet tomorrow.(Sunday)...Lets watch to see if they do.
Aggiedad77 What has my interest at an all time high at the moment is not what is being seen by the public at these meetings in Saudi Arabia...but what meetings are going on that we hear nothing about...that IMO is where the real "DEALS" are and will be made...where the hand shakes truly mean something more than a photo op...And keep in mind...when Iraq meets in the US and they go back home...historically they have fires lit under them...well they may be in SA now...but still the primary cast for this meeting of heads of countries is Donald Trump...the US President...I'm looking for fires to be turned up even higher than ever with Iraq and their powerhitters when they get back home...time will tell on that...And don't forget McGork's trip...he wasn't there for nothing...he got something...something was delivered...and IMO it is all GOOD...even if we the peons can't see it yet...I just know deep down...the BEST is coming...
ADMINBILL AS SHERLOCK HOLMES WOULD SAY..."THE GAME IS AFOOT"...KEEP WATCHING THE NEWS AND LOOK FOR AN EXCITING WEEK. SUFFICE IT TO SAY THAT I BELIEVE THIS WILL BE A GREAT MONTH.
"Love Love Love" - GCR/RV Intel SITREP - Sunday - May 21, 2017
From nothing everything comes.
So if there's nothing new to report, then everything must be coming, right.
So let it come by doing nothing and just exuding love, love, love... euphorically.
That vibration helps the RV manifest as it perfectly matches the benevolent frequency emanating from Heaven.
Intel flow was eerily slow on Saturday night into Sunday morning after being wildly active all week.
That's progress believe it or not. Less intel in my world actually means more is happening.
So remain vigilant today, Sunday, as we're still in the weekend window until markets open Monday morning.
Remember, GESARA requires 120 days to implement and today is the 121st day of the Trump Presidency.
The false flag car accident this week in Times Square was predicting the Trump Administration would crash on day 122 of his presidency, as did cabal agent Alex Jones.
Also, last night Saturday Night Live did an obituary song (Hallelujah) exactly as they had done for Hillary Clinton after she lost the November 2016 election. Literally the exact same song even!
Clearly the cabal is trying to alert remaining members of when they believe the financial transition, to the day, will occur.
All such informal announcements are done to activate a plan to stop the RV which will not be successful--but scorpions sting and they must even though they have no venom left in their barbs. Keep in mind cabal members don't think like humans.
As stated here before, Mercury Retrograde comes out of its "slingshot" post shadow tonight at 8:58pm EST--right before all Chinese markets open at 9am CST. This is done to maximize the revaluation's energetic impact to create the greatest possible good.
Monday 5/22 in China begins at noon 5/21 in the United States.
The sovereign asset submission period was extended one more day until midnight Saturday, as a courtesy to a few slow adapting sovereign families in Latin and South America who own more IQD than you can imagine and authenticators are rushing to verify and count it all.
Converting as much IQD to the new digital financial system benefits the Nation of Iraq's economy because it's put onto the CBI ledger as digitally being sold.
Once physical IQD is verified and counted, it's credited digitally and burned instantly on the spot.
Iraqi Special Forces announced on Saturday that Mosul was completely liberated Saturday. This is happening right before Ramadan is scheduled to begin on Friday, May 26, 2017 when they basically shut the country down for a month.
OG means Original Grandmother (aka Quan Yin).
God is with us.
"Swim" - Geopolitical Overview - Sunday - May 21, 2017
After all the blogs... all the calls... all the links... all the questions... all the answers... all the trolls... all the waiting... all the suffering... all the plans... all the hopes... all the dreams... all the everything...
... it's time to be thrown into the endless ocean of love and swim!
To offer some advanced, multi-dimensional intel on the Panama meeting early Saturday morning:
The Quan Yin spoke an ancient phrase in a language only Obama knew, and it unlocked all global computer codes on Saturday evening.
This began the RV for humanity.
Hallelujah!
Money worldwide begins flowing freely and infinitely tonight on the new Asian based system @ 9:00pm EDT.
800#s can come anytime before or after and still slated for this weekend we are told.
Militaries worldwide are deployed. Air. Land. Sea. Cyber. Space.
All sovereign families were given a 24 hour last extension to submit historic and currency assets for processing, as the door was officially shut on the old financial system at midnight this Sunday morning.
And just like that ... everything changed forever. The Global Christ Reset (GCR). No one noticed but a handful of shocked leaders in the conference room.
This is also why Trump is in the Middle East on the 33rd parallel--trying to stop the RV.
Reportedly, the cabal was going to sacrifice the US President and start WW3 to get their master plan back on schedule.
Just know that Trump is a clone, and Jared Kushner his Mossad handler. That plot was known way in advanced and defused thankfully by the Saudis if all people.
Meaning, the RV is not only a reality for a release, but already globally occurred with and T1 through T5 up to the plate with shortly with spendable liquidity.
Hallelujah!
Souls that have prepared spiritually by surrender for the flow of mercy will survive by swimming.
Souls that have not prepared spiritually through surrender will sink via drowning.
Both are Yahweh's universal law--not man's. The choice to sink or swim was always yours. But all have made it ... and made it already.
Do consider the ark doors closed for this the second flood.
Do consider the seeds of grace planted and ground work laid for humanitarian projects.
Post redemption many will pass sadly, with only a chosen few left afloat by the grace and mercy of a loving and fair God.
I pray this fate is yours. If not, sobeit.
Believe, don't believe... it was just your life resting in the balance.
Transition not transaction.
God is with us.
Zap Says
HI ALL
MAY 23 MARKS THE 4TH ANNIVERSARY OF POOF’S PASSING. HE SAYS HI. AND JAMES, COME BACK DOWN AND PUT THE TOILET SEAT DOWN – YOU FORGOT AND SUSAN IS DISSED.
THE BLACKOUT CONTINUES ON MOST LEVELS, BUT ON THE MUNDANE ONE WITH THE BIG BAD BANK, THEY GOT THEIR JUST DESERTS AND THE ACCOUNT THAT WILL DISTRIBUTE IS ABOUT TO BE UNFROZEN. THE NICE REGULATORS HAD THEIR WAY WITH THESE PIECES OF BOTTOM SLIME.
THIS JUST MEANS WE ARE ON SCHEDULE FOR THE FIRST BITS TO COME IN TO GET OUR INFRASTRUCTURE IN PLACE.
BY THE WAY, THANK YOU FOR YOUR HELP THE OTHER DAY AS THAT ACTUALLY SAVED ONE LIFE, AND KEPT THE OTHERS IN FOOD AND SHELTER. IF YOU WISH TO HELP A BIT MORE, GREAT. WE DO NEED A FEW MORE DAYS BEFORE THE FUNDS BECOME USABLE IN OUR HANDS, BUT AFTER THAT WE TAKE OFF AND DO NOT LOOK BACK AND CAN HELP THEM OURSELVES.
THAT’S ABOUT ALL I CAN TELL YOU AT THIS STAGE. LOTS OF INFO, RIGHT? SORRY ABOUT THAT BUT WE ARE THAT CLOSE AND I CAN NOT SAY MUCH.
AGAIN THANKS EVERYBODY FOR YOUR SUPPORT AND YOUR HELPING HANDS. WE WILL HAVE SOMETHING TO WORK WITH IN HAND BY MIDDLE WEEK, AND GET TO THE WAITING WORK. ALL DETRACTORS CAN PACK UP AND GO HOME. THE FAMOUS FLYING PURPLE PIGS SALUTE YOUR DEDICATION TO DIRT AND DIRTY LAUNDRY. YOU WILL GET PIGGY AWARDS.
GOD BLESS, LOVE YOU LOTS AND BIG HUGS.
IN DELIGHTFUL GRATITUDE
LOVE AND LIGHT
IN OUR SERVICE
ZAP
“GOD IS; I AM; WE ARE”
“BE GOOD, BE LEGAL, TELL TRUTH”
MAY 21, 2017
COPYRIGHT ZAP 2013-2017
Al-Rafidain directs its branches not to delay the organization of the approved instruments and the issuance of forgings to citizens
Thread Tools Show Printable Version Email this Page ... Subscribe to this Thread ... 21-05-2017 01:26 PM
The Euphrates -
Al-Rafidain Bank directed its branches to regulate the approved instruments and issue the forgings to the citizens, stressing the need to do so without delay.
The Bank's Information Office said in a press statement that the bank's branches in Baghdad and the governorates were directed to organize the approved instruments and issue the forgers to the citizens in one day without any delay, indicating that the aim is to attract the cash mass and win customers.Adding that this will facilitate the transactions of citizens on the same day of cash deposit or when the balance in the customer's account.
Kauaihn Chatter:
5-22-2017 Newshound/Intel Guru BGG [Is it looking very possible for the RV before Ramadon IYHO?] ...doesn't really matter that much about Ramadan. Ramadan is not a point of demarcation...
5-21-2017 Intel/Newshound Guru tman23 ...The United Nations Security Council is set to hold a session about the situation of Iraq on Monday, May 22, 2017 at 3 p.m. New York time (10 p.m. Baghdad time).
5-21-2017 Intel Guru ADMINBILL AS SHERLOCK HOLMES WOULD SAY..."THE GAME IS AFOOT"...KEEP WATCHING THE NEWS AND LOOK FOR AN EXCITING WEEK. SUFFICE IT TO SAY THAT I BELIEVE THIS WILL BE A GREAT MONTH.
5-21-2017 Newshound Guru Aggiedad77What has my interest at an all time high at the moment is not what is being seen by the public at these meetings in Saudi Arabia...but what meetings are going on that we hear nothing about...that IMO is where the real "DEALS" are and will be made...where the hand shakes truly mean something more than a photo op...And keep in mind...when Iraq meets in the US and they go back home...historically they have fires lit under them...well they may be in SA now...but still the primary cast for this meeting of heads of countries is Donald Trump...the US President...I'm looking for fires to be turned up even higher than ever with Iraq and their powerhitters when they get back home...time will tell on that...And don't forget McGork's trip...he wasn't there for nothing...he got something...something was delivered...and IMO it is all GOOD...even if we the peons can't see it yet...I just know deep down...the BEST is coming...
5-21-2017 Intel Guru Frank26 (late Saturday Night) IMO...A [Abadi] did not make an announcement on Mosul today...Maybe he waits to see T [Trump] and make the announcement with him in front of an International Stage. Like the one A was on today but skirted all around the announcement that Mosul is Liberated. IMO we do not need Mosul for an RV BUT...We need A to say Mosul is Liberated. There is a Grand Canyon differences between these two statements. A and T should meet tomorrow.(Sunday)...Lets watch to see if they do.
5-21-2017 Intel Guru RayRen98 Weekend update...: ...PM Abadi sent out a twitter message referencing the liberation of western Mosul in the past tense. (Could this have served as the "announcement"?) Iraqi Counter Terrorism have officially announced that ALL their goals have been accomplished and duties are done in west. 4 districts remain with less than 50% ISIS occupation. Liberation of Mosul is deemed complete. The CBI has discontinued the release of un-circulated dinar outside of the country, more particularly the 3 zero notes. The official announcement of liberation (with pomp and circumstance) is expected by PM Abadi on Sunday at the summit in Saudi Arabia. Lower denoms and fils are expected to "flow" on Sunday (Time will tell).
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1-A (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister Dr. Haider Al-Abadi receives the Executive Director of the United Nations Environment Program
Prime Minister Dr. Haider Al-Abbadi received in his office Sunday the Under-Secretary-General of the United Nations, Executive Director of the United Nations Environment Program, Mr. Eric Solheim. During the meeting, they discussed enhancing cooperation with the United Nations in the field of the environment, removing the remnants of war, reducing the impact of dust storms, building a green belt in a number of areas and building Iraqi capacities, in addition to rehabilitating the marshes. Mr. Solheim confirmed the UN support for marshland projects and the alleviation of dust storms within a regional program that includes a number of countries, including Iraq.
Prime Minister's Media Office May 21, 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: The Iraqi people are a creative people. Despite the destruction and difficulties, it has made achievements and the whole world is talking about it with admiration
Prime Minister Dr. Haider al-Abadi said that the Iraqi people are creative people. Despite the destruction and the difficulties, he has made achievements and the whole world is talking about him with admiration. This came during the speech of his sovereignty at the conference (TEDEX Baghdad), which specializes in innovations and talents and successful experiences. He said that we meet here in Baghdad peace, unity and progress as we have gone through a process of suffering to achieve this achievement, which gave hope to the world and its leaders admire what has been achieved despite the financial crisis. We have liberated the land from the cliff of the rock to Diyala, Ramadi, Falluja, Beiji, Qayara, Makhmour, Mosul, and now in the last part of Mosul. He expressed his surprise at some who are trying to bring frustration to the Iraqis and that the condolences and fear of the citizen after the liberation of Mosul and tell them the situation will be much better because the country has passed the most difficult crises. He added that terrorism wants us sedition and there are those who support him and those who are ready to challenge everyone with any terrorist attack. We will not allow those who want to weaken the state and the society and kidnap it just because they disagree with the opinion, wondering whether fighting our heroes and fighting dictatorship is in order for us to rule gangs, and we will not allow those who want to weaken the state and society. ? .
Prime Minister's Media Office May 20, 2017
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ARTICLE 2
Allawi warns of terrorist forces more dangerous than the preacher
BAGHDAD (Reuters) - Iraqi Vice President Iyad Allawi has warned of a new conflict with more dangerous terrorist forces than "da'ash" if military victories do not accompany the organization with political victories.
Allawi said in a televised interview that if these victories were not accompanied by political victories that would unite the society and immunize it against terrorism and extremism, the military victory would fail. "Maybe the confrontation with terrorist forces will be renewed, perhaps even more dangerous than a" call. "Finished
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ARTICLE 3
Al-Jabori stresses to Jaafari the need to "build a homeland that can be enjoyed by all without distinction"
2017/5/21 23:10
[Ayna-Baghdad] DAMASCUS, (SANA) -President Salim al-Jubouri discussed on Sunday with Foreign Minister Ibrahim al-Jaafari the political and security situation in the country and the challenges facing the region.
"During the meeting, they discussed the victories achieved by the Iraqi forces in the province of Nineveh and put an end to the terrorism that hit Iraq in the last stage," a statement from the al-Jubouri office said. The Speaker of the House of Representatives stressed "the need to unite the ranks to meet the challenges that beset the region and to unite Iraqis among themselves, and pledge to build a nation that can all without discrimination." He also stressed "the importance of focusing on the post-urging through the building of civil society because the stability and security and security of the Iraqi citizen is the criterion of success of the state," noting "the need to overcome the mistakes of previous stages."
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ARTICLE 4
El Hakim for French travel: Reconstruction of the areas and the return of the displaced will protect the world from terrorism
2017/5/22 12:04•12 times read
[Ayna-Baghdad] The head of the National Alliance Ammar al-Hakim in his office in Baghdad with the Ambassador of France to Iraq Mark Barreti bilateral relations between the two countries and ways to strengthen them at the political, economic and development levels.
"The new Iraqi Iraq is open to all and seeks to strengthen its interests in a way that preserves its rights and sovereignty," the statement said. He also pointed out that "Iraq is close to declaring military victory over a supporter." He pointed out that "military treatment is important, but it is incapable only if it is accompanied by security, political, economic, social and developmental processes." Al-Hakim pointed out that "the stalemate is not the responsibility of the government alone, but the responsibility of the Iraqi state, the international community and the United Nations. The reconstruction of the areas and the return of the displaced are the most important conditions for eradicating terrorism. He urged the international community to invest time to eliminate terrorism in Iraq as it took the cities of Iraq as a platform for its alleged succession. Without eradicating terrorism in Iraq, the world and Europe will continue to suffer from terrorism and aggression. Unexpected as it happened in more than one place. " "The national reconciliation project is a project born out of the depth of the challenges of the present, anticipating the challenges of the future and needing the support of all," he said.
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ARTICLE 5
Ninewa council member: 97 percent freed by right-hand Mosul
Nineveh provincial council member Hossam al-Abbar said on Sunday that Iraqi forces have managed to liberate 97 percent of the right-hand coast of the city of Mosul, which is now surrounded by more than 450 militants of the organization "Da'ash".
"The liberation of 97% of the right coast of Mosul and the siege of more than 450 supporters, mostly from foreign nationalities."
"The federal forces and the rapid response to the liberation of the neighborhoods of healing and ginger and health and when completed purification of the axis will unite all forces to attack the old city from all sides."
He added that the security forces in various formations will move to liberate the old Mosul, which is a stronghold and the gathering of terrorists, "noting that" the survival of only three neighborhoods of Ayman Mosul under the control of a supporter. "Finished
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ARTICLE 6
"Raising" his banners and withdraw from Iraq and Syria
The withdrawal of the organization "appealed" the terrorist leaders and elements and dropped its banners, during the past few hours, one of the most dangerous strongholds, most notably between Iraq and Syria, because of the large losses incurred by the air strikes of Iraqi and international air.
The correspondent of "Sputnik" in Iraq, quoting a local source in Anbar, the establishment of the "Da'ash" terrorist, the withdrawal of the members of the leaders and elements of local and Arab and foreign from all its headquarters in the district of Qaim border with Syria. The source, who declined to be named, said that the terrorist organization transferred its elements and leaders to new secret headquarters, outside the district of Qaim west of Anbar province, west of Iraq, towards the Western Desert of Iraq. The terrorist organization took the desert lands, especially bordered by the valleys and hills, hiding places and headquarters away from the sight of civilians in Qaim, after taking off his banners from all his open and public premises in the judiciary. The source said that the adoption of this new plan, after heavy casualties as a result of air strikes by the Iraqi aircraft of the International Alliance against Terrorism - which targeted the headquarters and the gatherings of its elements and leaders and killed and wounded hundreds of them over the past weeks and months, and until the moment. The Joint Operations Command of the Iraqi army announced on Saturday (13 May) that 13 terrorists were killed by an air strike targeting a meeting in Qaim district of Anbar province in the west of the country. The command indicated that they were planning terrorist attacks during Ramadan. "The Hawks' intelligence cell, in coordination with the Joint Operations Command, carried out a qualitative operation aimed at a meeting of leaders of the Da'ash organization in Qaim district," the military information cell said in a statement. The statement added that "the community leaders were planning to launch terrorist attacks against citizens during the holy month of Ramadan, and the assassination of some judges, and targeting the district of Haditha, the wet parties and the highway." On Wednesday, April 12, a correspondent from a security source learned that the US-led international coalition against terrorism had destroyed a car bomb and improvised explosive device factory and a car for the organization of Dahesh in the Aana and Razat courts in west Anbar west of the country. Iraqi forces continue to target the organization's strongholds in Anbar province. The Iraqi army announced the killing of 77 militants, including 13 leaders in Qaim, in February. It is noteworthy that the organization "Daash" lost most of the areas of control in Anbar province, the progress of Iraqi forces with the support of the International Coalition against terrorism, and the rest of the control of only the border districts adjacent to the Syrian territory, namely,
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ARTICLE 7
America is funding a $ 106 million program in Iraq
BAGHDAD - The US embassy in Baghdad said on Sunday (5-21-17) its government was funding a $ 106 million "progress" program to improve local services for Iraqis.
The embassy said in a statement that Stephanie Williams, US Charge d'Affaires of the United States, and Maria Longy, assistant director of the Middle East Agency at the US Agency for International Development (USAID), attended Sunday the final workshop of the US-Iraqi joint program.
The US $ 106 million USAID-funded initiative will help Iraqi local authorities improve public services through the implementation of amended Law 21, which gives local authorities and provincial authorities greater powers to meet the needs of citizens in their areas.
In her opening statement, Chargé d'affaires Williams said: "Good governance and economic growth are inextricably linked and mutually reinforcing, the key to Iraq's stability, the well-being and prosperity of its people."
USAID's Governance Enhancement Project works with central and local governments and provincial governments to develop their capacity to deliver basic services to the Iraqi people.
The Progress Program will continue to provide an important forum for officials from all over the country as well as international experts to develop decentralization strategies that support a sovereign, democratic and prosperous Iraq that meets the aspirations of all Iraqis.
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ARTICLE 8
Journal of the United Nations Programme of meetings and agenda Monday, 22 May 2017
Official meetings Security Council 10:00 7944th meeting [webcast]
Security Council Chamber
1. Adoption of the agenda
2. The situation in the Middle East Morning (following the adjournment of the 7944th meeting) Consultations of the whole (closed)
Consultations Room Middle East (Syria)
Other matters 15:00 7945th meeting [webcast] Security Council Chamber 1. Adoption of the agenda 2. The situation concerning Iraq Report of the Secretary-General pursuant to resolution 2299 (2016) (S/2017/357) Fourteenth report of the Secretary-General pursuant to paragraph 4 of Security Council resolution 2107 (2013) (S/2017/371)
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