From: xchangeofamerica.com <info@xchangeofamerica.com>
Sent: Saturday, May 20, 2017 9:41 AM
To:
Subject: Major Shortage of IQD
Sent: Saturday, May 20, 2017 9:41 AM
To:
Subject: Major Shortage of IQD
A major disruption has occurred on the borders of Iraq not allowing the Iraqi Dinar to leave the country. The result of this will be higher prices in the marketplace (which could be very volatile) effective immediately. Uncirculated dinar is almost impossible to obtain anymore. We are suggesting to our customers to buy Circulated or whatever we can get our hands on. Remember, it’s all currency and can be exchanged at any time. Being the World Leader in this space our resources are far more vast and our relationships more deep than anyone in our industry.
Please call with any questions, however, please know this will be a challenging obstacle for the foreseeable future.
Thank You,
Xchange of America Team
Most recent Map of Mosul
Here is a nice Opinion Piece
Why Trump must make a surprise visit to Iraq on his first foreign trip
Foreign trips for any president are an ego boost of the highest magnitude: red carpet arrival with bands playing music, troop reviews, and official dinners in your honor hosted in some of the most opulent palaces in the world. For President Trump, the stakes are high. With poll numbers at historic lows and controversies surrounding his presidency, Trump desperately needs to change the news narrative, at least for a few days. And what better way to do that than to embark on your first foreign trip as president.
The president can't get out of town fast enough. When Air Force One went wheels up from Joint Base Andrews on Friday, one can imagine the president felt a sense of relief as Washington quickly disappeared beneath him. Air Force One, at least for now, will be his safe zone.
When I recently asked a friend how he could log so many hours on Air Force One during the Clinton administration, he had an easy answer: the Lewinsky scandal! At a time when Clinton faced troubles at home, the best way to temporarily escape his troubles was to board the presidential aircraft and fly abroad.
But more than the comforts of Air Force One and the emotional shelter it provides to a president in turmoil, Trump will need to not only dominate the headlines over the next several days, he'll need to own them. And he can do that by making an unscheduled visit to Iraq.
From Riyadh, Saudi Arabia, it's a short flight. I know this because from 2008-2010, I traveled to Iraq 14 times as a civilian member of a special Department of Defense task force in charge of economic development and rebuilding as part of General David Petraeus' counter-insurgency strategy.
Foreign trips are always full of surprises, and this would certainly be one of them. Just last month, Trump sent his son-in-law and senior advisor Jared Kushner to Iraq to meet with United States military officials and to receive an on-the-ground update on counter-Islamic State operations.
Middle East peace is one of Trump's loftier goals and an unscheduled visit to Iraq would benefit him greatly. Nothing speaks louder than a presidential visit to reaffirm U.S. commitment to the government of Iraq as well as the U.S. forces stationed there.
They say a picture is worth a thousand words. And nothing illustrates that better than Air Force One on the tarmac at Baghdad International Airport.
Word on the Street Saturday 5/20/17:
TNT CONFERENCE CALL FRIDAY 5/19/17 DC NY CALL RECAP:
Good afternoon TNT Superfantastic Family. Today is Fantabulous Friday. This should be our last call like this, and don't think we will have another one like this on Monday. We may not have another opportunity like this. Ready to get the information, and on the next call hopefully we will look for the 800 numbers. Lets get into todays information. Yes in case you don't know I am celebrating my Birthday today. Expectations and things that we heard, todays tweet pretty much said it . What is next to actually materialize compared to what we are actually expecting today. Earlier we reported full liberation of Mosul between 15-19 of May and have not gotten the full liberation of Mosul yet. Districts are being liberated. It was 11 and now 9 districts. Some full of ISIS and don't know how may districts are left and liberated. Hoperfully thoughout the day more info will come that they want released to the public. The public side and the private side and we are talking about the public side to satisfy the majortiy of us. Thats where we are for districts. Abadi put out after the announcement of the liberation and then there would be a big celebration, and what it would be about. Liberation? Liberation and full reconciliation, economic reform. RV, lower denoms. If could be a celebration for everything and celebrations are set to tomorrow for something. Even though we dont have the public announcement. Info circulatiing 6 am this morning press covering the Mosque. Could it be all was on target and then a change. I don't know, and we await the info. We have info coming from districts, mosques and still awaiting further confirmations and which mosque they are and what role they play in the grand scheme of things. All kinds of progress. CBI is not replenishing currency to the dealers. I need a good confirmations on that and all lining up. Maybe before the sun goes down we will hear something. Hearing lower denoms coming from the ATM machine, and what is expected but not confirmed. Told to be on the lookout for that along with confirmation on other things. Banking community they are still right there with us with high expectations and got some info that we are still received data on. I will share with you. If this materializes some of you will panic if there is a major shake up in the banking process. We are aware and on top of us and we will bring it to you. It is nothing to worry about. Q & A: Q; Ray we decided we would not leave currency at a bank to have our money to send it out for confirmation.They should put that in writing. Ray: Yes. Q: Are you still hearing they are still removing 3 digits. Ray Yes: Q: Do yo think they will be exchanging 500 million Zimbabwe notes? Ray: I sure hope so, since quite a few of you have it. Q: Any news about Trump meeting with Iraq officials. Ray: No news on that yet. Callers: Caller: It seems it is probably the last call. Where you are broke busted or disgusted so thank you for everything. Ray: Ok Thank you. Caller: Catnip like the comment about lower denoms starting tomorrow. Do they have regular banking hours or 24-7? Ray: Right now people are not getting lower denoms yet. For now it remains a mystery and supposed to start on Saturday. Catnip: After midnight could they get lower denoms? Ray Yes Catnip: A lot of folks hold a variety of currencies and start thinking about exchanging and holding some for it to rise later. Is it safe for them to do this? Will we be penalized if we do that in phases? Ray: I don't think that is possible. Volume will be larger but activity will be the same. You should digitize it and can make your money work faster. That is better that just holding it and looking at it. Catnip: Just making sure we will not be penalized on this. TY and Vegas, Vegas, Vegas. Caller: Remember Iraq CBI got rid of the 50 dinar note? I was the one that brought that out. There appears to be way to much dinar out there to exchange and only 40 billion exchanged in GDP. There is no way a country could come up with that kind of money. Now 88 trillion dinar in the world. 2000 Iraq dinar to every Kuwait dinar. Ray: What is your solution? Caller: Go to digital and delete the zeros, and to do that they have to take off 3 zeros and redenomination. Ray: Doesn't sound like your solution is an answer for all of us. There is a solution for all of us, but you just have to find it. This is a wait and see ride. Caller: 410 Seems like we are on a cusp of this, and is there a date you are hearing from sources? Ray: No I don't have a new back wall date yet, and everything is focused on this weekend going into next week. Ray: How long can it take for 4.6 miles piece of land to be liberated in Mousl? They are still patiently waiting. Caller:415 Follow up on POD's (Paid on Death) I need to provide their license, ss, mother maiden name. It is insured for $250K for each person and can have an additional $250K that would be insured. Ray: That is good. Caller: In your opening statement if you answered the question. What is meant to materialize? A Public announcement and did I miss something. Ray: I don't know what is left and we were waiting for this announcement, and the day is not over. Waiting for lower denoms to be released tomorrow. Caller: Ray: The best of us are waiting for the day to spring into action and others having a plan of action, and just waiting for the day. I want to get off this ride and get on to the next one. Callers: On the Zim talking about dropping 6 zeros. Ray: I don't have any official info pertaining to it. Caller: Tish: There is so much good news and even a CNBC report on Iraq's politics. When do we ever see that. Rays Wrap Up: I am feeling real good where we are and only stretch this out so long. Full liberation and reconciliation is coming.. Celebrations we will find out what they are about and maybe a prerequisite. Looking for release of lower denoms and tell tale sign and have citizens confirming lower prices. Promised of purchasing power continuing. Until then all I can do is share what I receive. When you see it in print you can believe it, and all we can do in the meantime and in between time is wait. When it finally arrives can you say you are really ready? Lets see what happens and until the RV announcment comes. Enjoy your weekend everyone. I will enjoy mine cause I believe. It is already done! Rayren98
Good afternoon TNT Superfantastic Family. Today is Fantabulous Friday. This should be our last call like this, and don't think we will have another one like this on Monday. We may not have another opportunity like this. Ready to get the information, and on the next call hopefully we will look for the 800 numbers. Lets get into todays information. Yes in case you don't know I am celebrating my Birthday today. Expectations and things that we heard, todays tweet pretty much said it . What is next to actually materialize compared to what we are actually expecting today. Earlier we reported full liberation of Mosul between 15-19 of May and have not gotten the full liberation of Mosul yet. Districts are being liberated. It was 11 and now 9 districts. Some full of ISIS and don't know how may districts are left and liberated. Hoperfully thoughout the day more info will come that they want released to the public. The public side and the private side and we are talking about the public side to satisfy the majortiy of us. Thats where we are for districts. Abadi put out after the announcement of the liberation and then there would be a big celebration, and what it would be about. Liberation? Liberation and full reconciliation, economic reform. RV, lower denoms. If could be a celebration for everything and celebrations are set to tomorrow for something. Even though we dont have the public announcement. Info circulatiing 6 am this morning press covering the Mosque. Could it be all was on target and then a change. I don't know, and we await the info. We have info coming from districts, mosques and still awaiting further confirmations and which mosque they are and what role they play in the grand scheme of things. All kinds of progress. CBI is not replenishing currency to the dealers. I need a good confirmations on that and all lining up. Maybe before the sun goes down we will hear something. Hearing lower denoms coming from the ATM machine, and what is expected but not confirmed. Told to be on the lookout for that along with confirmation on other things. Banking community they are still right there with us with high expectations and got some info that we are still received data on. I will share with you. If this materializes some of you will panic if there is a major shake up in the banking process. We are aware and on top of us and we will bring it to you. It is nothing to worry about. Q & A: Q; Ray we decided we would not leave currency at a bank to have our money to send it out for confirmation.They should put that in writing. Ray: Yes. Q: Are you still hearing they are still removing 3 digits. Ray Yes: Q: Do yo think they will be exchanging 500 million Zimbabwe notes? Ray: I sure hope so, since quite a few of you have it. Q: Any news about Trump meeting with Iraq officials. Ray: No news on that yet. Callers: Caller: It seems it is probably the last call. Where you are broke busted or disgusted so thank you for everything. Ray: Ok Thank you. Caller: Catnip like the comment about lower denoms starting tomorrow. Do they have regular banking hours or 24-7? Ray: Right now people are not getting lower denoms yet. For now it remains a mystery and supposed to start on Saturday. Catnip: After midnight could they get lower denoms? Ray Yes Catnip: A lot of folks hold a variety of currencies and start thinking about exchanging and holding some for it to rise later. Is it safe for them to do this? Will we be penalized if we do that in phases? Ray: I don't think that is possible. Volume will be larger but activity will be the same. You should digitize it and can make your money work faster. That is better that just holding it and looking at it. Catnip: Just making sure we will not be penalized on this. TY and Vegas, Vegas, Vegas. Caller: Remember Iraq CBI got rid of the 50 dinar note? I was the one that brought that out. There appears to be way to much dinar out there to exchange and only 40 billion exchanged in GDP. There is no way a country could come up with that kind of money. Now 88 trillion dinar in the world. 2000 Iraq dinar to every Kuwait dinar. Ray: What is your solution? Caller: Go to digital and delete the zeros, and to do that they have to take off 3 zeros and redenomination. Ray: Doesn't sound like your solution is an answer for all of us. There is a solution for all of us, but you just have to find it. This is a wait and see ride. Caller: 410 Seems like we are on a cusp of this, and is there a date you are hearing from sources? Ray: No I don't have a new back wall date yet, and everything is focused on this weekend going into next week. Ray: How long can it take for 4.6 miles piece of land to be liberated in Mousl? They are still patiently waiting. Caller:415 Follow up on POD's (Paid on Death) I need to provide their license, ss, mother maiden name. It is insured for $250K for each person and can have an additional $250K that would be insured. Ray: That is good. Caller: In your opening statement if you answered the question. What is meant to materialize? A Public announcement and did I miss something. Ray: I don't know what is left and we were waiting for this announcement, and the day is not over. Waiting for lower denoms to be released tomorrow. Caller: Ray: The best of us are waiting for the day to spring into action and others having a plan of action, and just waiting for the day. I want to get off this ride and get on to the next one. Callers: On the Zim talking about dropping 6 zeros. Ray: I don't have any official info pertaining to it. Caller: Tish: There is so much good news and even a CNBC report on Iraq's politics. When do we ever see that. Rays Wrap Up: I am feeling real good where we are and only stretch this out so long. Full liberation and reconciliation is coming.. Celebrations we will find out what they are about and maybe a prerequisite. Looking for release of lower denoms and tell tale sign and have citizens confirming lower prices. Promised of purchasing power continuing. Until then all I can do is share what I receive. When you see it in print you can believe it, and all we can do in the meantime and in between time is wait. When it finally arrives can you say you are really ready? Lets see what happens and until the RV announcment comes. Enjoy your weekend everyone. I will enjoy mine cause I believe. It is already done! Rayren98
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,136.6000 | 1,136.6000 | 1,136.6000 | | 17:36 |
| USD/VND | | | 22,257.0000 | 22,257.0000 | 22,257.0000 | | 17:36 |
| USD/CNY | | | 6.8861 | 6.8861 | 6.8861 | | 17:37 |
| USD/KWD | | | 0.3035 | 0.3035 | 0.3035 | | 17:36 |
| GBP/USD | | | 1.3037 | 1.3037 | 1.3037 | | 17:02 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,322.0000 | 13,322.0000 | 13,322.0000 | | 16:59 |
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk Link: No link on Saturday
DC NY Iraq Articles:
Trump keeps the chairman of the Joint Chiefs of Staff for a second term
Baghdad - Agencies
US President Donald Trump has decided to "keep General Joseph Danford as chief military adviser for a second two-year term."
The US Defense Department said in a statement that "Trump decided to renew the mandate of General Joseph Danford, a senior adviser to the military for another two years."
Danford, chairman of the Joint Chiefs of Staff, was first appointed to office in 2015 under President Barack Obama
Iraq draws new population policies
The Ministry of Planning and Development Cooperation of Iraq is preparing a report on the population situation as part of the work of the National Population Policy Committee to examine strategic options in this area and ways to proceed with the formulation of population policies, in accordance with international standards in the preparation of the Population Analysis of the United Nations Population Fund.
The economic academic Abdul-Moneim Daham al-Attiyah, that the character of the rentier economy «weakens the development relationship, especially if coupled with a decline in the use of resources».
He pointed out that the proposed population policy "aims at making quantitative and qualitative changes in population variables and related issues through a set of operational plans and programs that can balance the population growth and the requirements of sustainable development so as to ensure a better life for the population.
Their geographic distribution and the strengthening of the relationship between population characteristics and development trends
Through the formation of working groups of experts and specialists to analyze the demographic reality and trends and future prospects according to available resources, the long-term goal of the impact on the fertility rate of population ».
Al Attiyah did not miss the importance of "raising the efficiency of the economy through increasing the absorptive capacity
To increase gross output and ensure that increases in overall aggregate demand for the consuming and productive category are covered and reduce the pressure on resources. "
In an interview with Al Hayat International, Al-Attiyah called for "reforming the structure of the economic system and moving from the commodity-oriented economy
To the knowledge economy and the application of modern production technologies and capital development
And benefit from the experiences of successful countries, which helps in solving developmental problems ». He urged "the pursuit of the empowerment of economically marginalized groups and the provision of alternative opportunities for them
To integrate into society and provide the necessary care, to help them perform positive roles in
Development process. "
Iraq's population growth of about 3 percent a year has spurred economists and experts to call for the creation of a sovereign fund. Economic researcher Ayah Adel stressed that "Iraq needs to accelerate the establishment of the sovereign fund because this investment savings will be for future generations."
The sovereign fund is often government and in the form of bonds and investments in real estate, companies or banks. The diversification of investments is likely to be outside the borders of the country and in advanced capitalist countries, especially if the fund owner is a developing country.
Adel stressed the «need of Iraq's rent and monolithic finance, to the funds that contribute to the sustainability of funding for infrastructure projects through the sovereign fund, which plays a pivotal role in reducing the repercussions of falling oil prices on the budget».
And considered that the possession of Iraq such a fund «will eliminate the need for external borrowing and support of donor countries and global monetary institutions».
Iraq's population is growing by about 6.2 percent per year, which means that services must be strengthened and financial allocations increased, commensurate with the size of population growth.
"The obstacles facing the establishment of this fund, namely the identification of the entity that manages it, the selection of its assets from bonds and investments,
.
The Anbar Council decides to "blackmail the Islamic Party of the American company" .. What did he say?
The Anbar Provincial Council denied the existence of concrete evidence confirming the extortion of the Islamic Party to the US company "Ulf" responsible for securing the international highway to the port of Trebil border with Jordan.
The "Transparency in Iraq" association accused the Islamic Party and close associates of the governor of Anbar of extorting the US company Ulf, which is responsible for securing the highway in Anbar, according to a recent report, and called on the federal government to crack down on extortion.
A spokesman for the Anbar Council, Eid Ammash Karbouli, told the "Shafak News" that the US company "Ulf" concluded a contract to secure and protect the international road in Anbar leading to the port of Trebil with the federal government and no relationship or authority to the government of Anbar by any aspect of the contract or the work of the company.
Karbouli stressed that there is no evidence in the Anbar Council condemning the Islamic Party or close to the governor about the extortion operations revealed by the media and the Transparency Association in Iraq, saying that extortion "if any" practiced by government agencies away from the government of Anbar and its officials,
(olive group) The Iraqi government has signed a contract with Olive Group to secure the road between Baghdad and the border crossing between Iraq and Jordan. Under the contract, the American company has advanced explosives detection equipment and precise cameras are set up to monitor the road. The contract includes the maintenance of the road, Stop stations and tourist restaurants on both sides of the road and car repair shops
The "Transparency in Iraq" association accused the Islamic Party and close associates of the governor of Anbar of extorting the US company Ulf, which is responsible for securing the highway in Anbar, according to a recent report, and called on the federal government to crack down on extortion.
A spokesman for the Anbar Council, Eid Ammash Karbouli, told the "Shafak News" that the US company "Ulf" concluded a contract to secure and protect the international road in Anbar leading to the port of Trebil with the federal government and no relationship or authority to the government of Anbar by any aspect of the contract or the work of the company.
Karbouli stressed that there is no evidence in the Anbar Council condemning the Islamic Party or close to the governor about the extortion operations revealed by the media and the Transparency Association in Iraq, saying that extortion "if any" practiced by government agencies away from the government of Anbar and its officials,
(olive group) The Iraqi government has signed a contract with Olive Group to secure the road between Baghdad and the border crossing between Iraq and Jordan. Under the contract, the American company has advanced explosives detection equipment and precise cameras are set up to monitor the road. The contract includes the maintenance of the road, Stop stations and tourist restaurants on both sides of the road and car repair shops
Minister of Transport orders the resumption of work at the port of FAO to support the economy
Al-Hamami said during his speech at the conference of the National Alliance, in a statement received by the "Journal News", "Iraqi energies can achieve a number through the port of Faw and the dry canal," adding that "the port of Faw only the barrier of the East and West waves and there is no liquidity and financial support."
"We have to go towards the loans that are supposed to be taken from banks and international banks, even if it was completed to generate huge revenues for Iraq."
Oil rises amid hopes for extension of production cut agreement
Editorial date: • 2017/5/1943 • 2 times read
International oil futures rose Friday to a one-month high on optimism that major producers will extend production cuts to curb the ongoing supply gap. Brent and US crude are heading for second-week gains.
By 0630 GMT, the benchmark Brent crude was up 28 cents, or 0.5 percent, at $ 52.79 a barrel. Crude was up earlier to its highest level since April 21 and heading for its second straight weekly gain of nearly 4 percent.
US crude <CLc1> rose 29 cents, or 0.6 percent, to $ 49.64 a barrel, its highest level since April 26. Crude is heading for a weekly gain of about 4 percent.
Since the beginning of March, crude prices have fluctuated between more than $ 56 to less than $ 47 a barrel as market participants have split over the impact of increased US production in return for production cuts initiated by the Organization of the Petroleum Exporting Countries and some outside producers, including Russia .
But market watchers are increasingly confident that OPEC, Russia and other top producers will extend a cut production agreement to around 1.8 million bpd by the end of March 2018. US producers are not involved in any production cuts.
US crude <CLc1> rose 29 cents, or 0.6 percent, to $ 49.64 a barrel, its highest level since April 26. Crude is heading for a weekly gain of about 4 percent.
Since the beginning of March, crude prices have fluctuated between more than $ 56 to less than $ 47 a barrel as market participants have split over the impact of increased US production in return for production cuts initiated by the Organization of the Petroleum Exporting Countries and some outside producers, including Russia .
But market watchers are increasingly confident that OPEC, Russia and other top producers will extend a cut production agreement to around 1.8 million bpd by the end of March 2018. US producers are not involved in any production cuts.
The school calls for strengthening democracy in Iraq
The religious authority, Mohammad Taqi al-Madaris, called Friday for scientists, leaders of the country and politicians in general to strengthen democracy in Iraq, while warned that Iraq will be "a stumbling block" unless the weapon turns into a title for security and law protection.
The school said in a statement issued by his office in Karbala, which was seen by the "Journal News" that "centuries of underdevelopment and accumulations of crises have caused deep cracks in our Islamic societies and in Iraq in particular," stressing the importance of doing more to restore social cohesion to our homeland and to The establishment of effective political institutions that go beyond the sectarian, sectarian and ethnic and all the cracks.
"Today we are living in an exceptional circumstance: confronting the aggression of terrorism, which has not excluded anyone, and caused tremendous damage not only to the economy, but also to the social structure," he said.
"Democracy is a solid building with deep roots in society, and losing these roots will turn democracy into a despicable dictatorship," he said. "We should not argue with the bear's skin before we catch it. Some people, unfortunately, argue about future matters. It's time. "
"Today you are fighting for the unity of the country and for the future of your sons and the Iraqi people," he said in his address to the armed forces and the popular crowd, calling for "more commitment to laws, discipline and cohesion with the different components of the people."
He stressed that "the need to be a weapon of security and a means to maintain the law and otherwise, the country will be on the back of the impasse."
"The occasion of the holy month of Ramadan allows all of us to repent to God, to review ourselves and to criticize ourselves and to change the way we serve others, so we all have the broad mercy of God and overcome all obstacles to the progress of our country and the path of dignity and the proper living of our peoples. "He said.
Kauaihn Iraq Articles:
The 23rd WTO Conference is being held in Vietnam
20 -05-2017 01:23 PM The 23rd meeting of the World Trade Organization (WTO) began on Saturday in Hanoi, capital of Vietnam, attended by the Director General of the World Trade Organization, Roberto Acevedo. The meeting was attended by Chilean Deputy Minister of Commerce Paulina Aranda and Minister of Trade Chinese Vice President of Commerce, Chung Shan, Deputy Minister of Commerce of Thailand, Wenchai Chem Cheng, Philippine Trade Minister Ramon Lopez, and US Trade Representative Robert Lethaizer.
Earlier in April, China's Ministry of Commerce urged US authorities to adhere to WTO rules in its investigations into aluminum imports from China.
During a press conference at the time, Ministry spokesman Sun Ji-wen expressed concern about the accusations against Chinese aluminum foil makers that they are hurting the US industry because they are drowning the US market with their goods and selling at unfair prices.
Sun said China values the US move, its impact on China's aluminum industry and the international aluminum trade, hoping the two sides will resolve the issue through consultations and dialogue.
Earlier in April, China's Ministry of Commerce urged US authorities to adhere to WTO rules in its investigations into aluminum imports from China.
During a press conference at the time, Ministry spokesman Sun Ji-wen expressed concern about the accusations against Chinese aluminum foil makers that they are hurting the US industry because they are drowning the US market with their goods and selling at unfair prices.
Sun said China values the US move, its impact on China's aluminum industry and the international aluminum trade, hoping the two sides will resolve the issue through consultations and dialogue.
France and Germany reject a plan to strengthen the role of NATO against a supporter
19-05-2017 01:06 PM
The Euphrates -
France and Germany have rejected a plan put forward by US officials, in which NATO plays a bigger role in fighting a militant organization, Reuters news agency quoted NATO diplomats as saying.
The plan comes within the framework of calls by US President Donald Trump to the Alliance to make more efforts to fight terrorism and fight a preacher in Syria and Iraq.
Many NATO members hope to announce the plan in Brussels on Thursday, when Trump is attending the first NATO summit since taking office, but allies involved in the discussions said Germany and France had concerns about the plan. These concerns include the possibility that NATO will be involved in a costly combat mission similar to what happened in Afghanistan, provoke Arab resentment or risk confrontation with Russia in Syria.
A senior European diplomat in NATO said France and Germany were unconvinced.
French and German officials declined to comment on the agency's report, but German Chancellor Angela Merkel during a meeting with NATO Secretary-General Jens Stoltenberg last week left the possibility of NATO joining the coalition as open, while the French and German sides ruled out any combat role for the alliance in Syria and Iraq. However, General Peter Pavel, head of the military commission of the alliance, said that 'military commanders favor this step'.
Diplomats said it would have to use the alliance for its reconnaissance planes over Syria and to conduct operations to command, control and equip the aircraft with fuel in the air.
"If the allies can be persuaded that it is only a symbolic step, it will be possible to conclude an agreement," said another NATO diplomat. "Trump will return to his homeland with the message that NATO will join the international coalition at a time when NATO will not have to do any additional work at least At the current stage.
One of the reasons for the widespread reluctance among European allies stems from the long-term mission of the alliance in Afghanistan and handing over to a task the United States began to fight militants in 2003 after the attacks in New York and Washington in 2001.
But a bigger role in Iraq and Syria would also address concerns expressed by NATO member states such as Spain, Italy and Portugal that the alliance lacked a strategy to deal with the root causes of the crisis of migrants and refugees
The plan comes within the framework of calls by US President Donald Trump to the Alliance to make more efforts to fight terrorism and fight a preacher in Syria and Iraq.
Many NATO members hope to announce the plan in Brussels on Thursday, when Trump is attending the first NATO summit since taking office, but allies involved in the discussions said Germany and France had concerns about the plan. These concerns include the possibility that NATO will be involved in a costly combat mission similar to what happened in Afghanistan, provoke Arab resentment or risk confrontation with Russia in Syria.
A senior European diplomat in NATO said France and Germany were unconvinced.
French and German officials declined to comment on the agency's report, but German Chancellor Angela Merkel during a meeting with NATO Secretary-General Jens Stoltenberg last week left the possibility of NATO joining the coalition as open, while the French and German sides ruled out any combat role for the alliance in Syria and Iraq. However, General Peter Pavel, head of the military commission of the alliance, said that 'military commanders favor this step'.
Diplomats said it would have to use the alliance for its reconnaissance planes over Syria and to conduct operations to command, control and equip the aircraft with fuel in the air.
"If the allies can be persuaded that it is only a symbolic step, it will be possible to conclude an agreement," said another NATO diplomat. "Trump will return to his homeland with the message that NATO will join the international coalition at a time when NATO will not have to do any additional work at least At the current stage.
One of the reasons for the widespread reluctance among European allies stems from the long-term mission of the alliance in Afghanistan and handing over to a task the United States began to fight militants in 2003 after the attacks in New York and Washington in 2001.
But a bigger role in Iraq and Syria would also address concerns expressed by NATO member states such as Spain, Italy and Portugal that the alliance lacked a strategy to deal with the root causes of the crisis of migrants and refugees
Masoum calls for the Jordanian-Iraqi private sector to be employed in Iraq
(Independent) .. President Fuad Masum stressed the need to give the private sector a real opportunity to contribute to the development of the Iraqi economy, pointing to the need to provide legislation and requirements to activate its contribution to reconstruction, industry and agriculture.
During his meeting with the Jordanian and Jordanian businessmen and investors in the Hashemite Kingdom of Jordan, Masoum called on the Jordanian and Iraqi private sector to work in Iraq and enhance economic and investment relations between the two countries.
He added that Jordan's investments are highly appreciated at all levels in Iraq, which considers Jordanian investors strategic partners and is keen to remove any problems they face. He pointed out that Iraq has urgent and comprehensive aspirations to achieve sustainable economic development. The agreement to encourage and protect investment between the two countries, And investment between the two countries forward.
The President of the Republic also stressed the need to strengthen and strengthen the vital participation of Iraqi investors residing in Jordan and abroad in general welcome to participate in all economic activities, noting their competence, and the need to provide legislation and requirements to protect their rights and interests.
On the other hand, the Jordanian and Iraqi investors stressed the strong relations of brotherhood and cooperation between the two countries and their keenness to strengthen them. They also reviewed a number of difficulties facing their projects and their work in Iraq and affirmed their aspiration to activate stronger relations in all investment and economic fields. Challenges during the previous period, especially because of the continued closure of the border crossing of Trebil and raise fees on Jordanian goods and protect them from tradition.
The meeting was attended by a number of senior officials including the Jordanian Minister of Energy, attended by the Ministers of Planning, Finance, Electricity, the Senior Undersecretary of the Ministry of Foreign Affairs, the Chairman of the Investment Authority, the Undersecretary of the Ministry of Industry and other advisors and officials as well as the Ambassador of the Republic of Iraq to the Hashemite Kingdom of Jordan Safia Taleb Al Suhail.
Allawi: I will not allow Iran to interfere in our internal affairs
19-05-2017 01:03 PM
The Euphrates -
Vice President Iyad Allawi told the Iranian ambassador in Iraq that the Middle East does not bear another war criticizing Iran's interference in the country's internal affairs.
Allawi stressed during his meeting with Erj Musjdi that the region does not bear another war, adding that we must work together to restore stability to them, stressing that no matter how different our differences, Iran, with its historical and geographical links with Iraq remains an important neighbor. And elsewhere in our region and in the Arab countries, which requires the solution of all these problems, we in turn reject any aggression against them, and we reject that Iraq becomes a launching pad for aggression against any of the others.
He renewed the call to hold a regional security conference in the presence of Iran, stressing the importance of relations between the countries of the region based on non-interference in the internal affairs on the one hand and the exchange of interests and balance on the other.
Allawi stressed during his meeting with Erj Musjdi that the region does not bear another war, adding that we must work together to restore stability to them, stressing that no matter how different our differences, Iran, with its historical and geographical links with Iraq remains an important neighbor. And elsewhere in our region and in the Arab countries, which requires the solution of all these problems, we in turn reject any aggression against them, and we reject that Iraq becomes a launching pad for aggression against any of the others.
He renewed the call to hold a regional security conference in the presence of Iran, stressing the importance of relations between the countries of the region based on non-interference in the internal affairs on the one hand and the exchange of interests and balance on the other.
The Iranian ambassador: Baghdad has cooperated well for the elections in Iraq
Date of release: 19 May 2017 • 33 times scheduled
BAGHDAD (AFP) - Iran's ambassador to Iraq, Ayrj Masjedi, praised Friday the Iraqi government's good cooperation in holding elections in Iraq.
"The Iraqi government, officials and security services have cooperated well in providing security for the ballot boxes and the arrival of Iranian residents and Iranian visitors to the polling stations," Ambassador Masjedi told a news briefing.
The voting process for Iranians living in Iraq and visitors to the holy shrines of the Iranian presidential election began at 8 am (0930 GMT) on Friday through 23 boxes in eight Iraqi provinces.
Polling centers have been allocated in eight provinces in Iraq: Basra, Najaf, Karbala, Baghdad, Salah al-Din, Arbil, Wasit and Sulaymaniyah.
The influx of Iranians living in Iraq, especially in the cities of Najaf, Karbala and Kadhimiya, has been seen since the early hours of Friday morning to cast their votes.
Twenty-three funds were put in place in Iraq's various areas, six of them in Baghdad and its environs.
The Iranian presidential election is being held at its 12th session on Friday in Iran, in conjunction with more than 100 countries around the world
The voting process for Iranians living in Iraq and visitors to the holy shrines of the Iranian presidential election began at 8 am (0930 GMT) on Friday through 23 boxes in eight Iraqi provinces.
Polling centers have been allocated in eight provinces in Iraq: Basra, Najaf, Karbala, Baghdad, Salah al-Din, Arbil, Wasit and Sulaymaniyah.
The influx of Iranians living in Iraq, especially in the cities of Najaf, Karbala and Kadhimiya, has been seen since the early hours of Friday morning to cast their votes.
Twenty-three funds were put in place in Iraq's various areas, six of them in Baghdad and its environs.
The Iranian presidential election is being held at its 12th session on Friday in Iran, in conjunction with more than 100 countries around the world
.
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
GLOBAL/NEWS/ INFO
The 10 biggest fears holding you back from success
|
How the jobs you don't get can change your life and make your career
Author Turney Duff ("The Buy Side") explains how rejection can help you advance.
Read more: http://www.cnbc.com/id/
Placid consumers and inert policymakers are swelling up the global credit card bubble
International Business Times, UK Edition
A credit card is one of the most expensive ways to borrow, yet its global usage is getting depressingly high. Read the full story
OIL / COMMODITIES / ENERGY
China-led electric car boom shakes up metals market as cobalt sees 150% surge
Demand for cobalt has soared in the past year as investors expect inexorable growth in the electric vehicle industry to generate a supply squeeze in 2017.
Read more: http://www.cnbc.com/id/
How the jobs you don't get can change your life and make your career
Author Turney Duff ("The Buy Side") explains how rejection can help you advance.
Read more: http://www.cnbc.com/id/
Placid consumers and inert policymakers are swelling up the global credit card bubble
International Business Times, UK Edition
International Business Times, UK Edition
A credit card is one of the most expensive ways to borrow, yet its global usage is getting depressingly high. Read the full story
OIL / COMMODITIES / ENERGY
China-led electric car boom shakes up metals market as cobalt sees 150% surge
Demand for cobalt has soared in the past year as investors expect inexorable growth in the electric vehicle industry to generate a supply squeeze in 2017.
Read more: http://www.cnbc.com/id/
Gold on track for biggest gain in five weeks
Gold rose on Friday and was on track for its best week in five as the dollar softened on political turbulence in the US.
Read more: http://www.cnbc.com/id/
Gold futures hit pause as stocks improve, but weekly advance on track
MarketWatch
Gold prices sputtered near the unchanged mark early Friday as stocks aimed higher, although the haven metal was still on track to salvage a 2% advance in a week marked by rising market volatility and political turmoil. Read the full story
Gold prices edge lower but remain supportedInvesting.com
© Reuters. Gold slips but remains within close distance of 2-1/2 week highs on U.S. worries Read the full story
OPEC panel looking at deepening, extending oil cuts: sources
Business Insider
FILE PHOTO: A flag with the OPEC logo is seen before a news conference in Vienna Thomson Reuters VIENNA (Reuters) - An OPEC panel reviewing scenarios for next week's policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said on Friday. OPEC's national representatives - officials representing the 13 member countries - plus officials from OPEC's Vienna secretariat met on Wednesday and Thursday to discuss the market. The Read the full story
Optimism ahead of OPEC meeting drives U.S. crude oil back above $50
MarketWatch
It is widely expected an extension to the current pact to reduce oil output will occur at next week’s OPEC meeting. Energy officials from Saudi Arabia and Russia this week signaled they back a nine-month extension. Read the full story
BANKS / BANKING
BofA's Moynihan: We need big banks to help grow the economy
In an interview Thursday with CNBC, Moynihan said some of the measures being contemplated now to loosen up the financial system make sense.
Read more: http://www.cnbc.com/id/
Reserve Bank renews currency swap facility with China
Scoop
The People's Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the renewal of a reciprocal currency arrangement (swap line) to support the settlement of cross border transactions between New Zealand and Chinese businesses. Read the full story
Why banks can give you a credit card you never applied for
Daily Mail
Nearly a quarter of borrowers believe that getting accepted for a credit card guarantees them the advertised interest rate and 0 per cent promotion. Read the full story
SoftBank boss follows Trump to Saudi to launch $100 billion fund
Business Insider
SoftBank Group Corp Chairman and CEO Son attends a news conference in Tokyo Thomson Reuters By Makiko Yamazaki TOKYO (Reuters) - Some six months after his visit to Donald Trump's Manhattan mansion cheered investors, Masayoshi Son, Japan's richest man, is set to follow his friend to Saudi Arabia as the new U.S. president makes his first overseas trip since taking office. Son, head of Japan's SoftBank Group Corp <9984.T>, travels to Riyadh this weekend where he is expected to announce the close of Read the full story
Some euro zone banks ‘in denial’ about bad loans: ECB’s Nouy
CDA News
FRANKFURT (Reuters) – Some euro zone banks are “in denial” about their problems with unpaid loans, the European Central Bank’s chief supervisor has told a Finnish weekly. “In all euro area countries, there are … banks that are not doing so well but are committed — and bravely so — to tackling their problems; and […] Read the full story
Gold on track for biggest gain in five weeks
Gold rose on Friday and was on track for its best week in five as the dollar softened on political turbulence in the US.
Read more: http://www.cnbc.com/id/
Gold futures hit pause as stocks improve, but weekly advance on track
MarketWatch
MarketWatch
Gold prices sputtered near the unchanged mark early Friday as stocks aimed higher, although the haven metal was still on track to salvage a 2% advance in a week marked by rising market volatility and political turmoil. Read the full story
Gold prices edge lower but remain supportedInvesting.com
© Reuters. Gold slips but remains within close distance of 2-1/2 week highs on U.S. worries Read the full story
OPEC panel looking at deepening, extending oil cuts: sources
Business Insider
Business Insider
FILE PHOTO: A flag with the OPEC logo is seen before a news conference in Vienna Thomson Reuters VIENNA (Reuters) - An OPEC panel reviewing scenarios for next week's policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said on Friday. OPEC's national representatives - officials representing the 13 member countries - plus officials from OPEC's Vienna secretariat met on Wednesday and Thursday to discuss the market. The Read the full story
Optimism ahead of OPEC meeting drives U.S. crude oil back above $50
MarketWatch
MarketWatch
It is widely expected an extension to the current pact to reduce oil output will occur at next week’s OPEC meeting. Energy officials from Saudi Arabia and Russia this week signaled they back a nine-month extension. Read the full story
BANKS / BANKING
BofA's Moynihan: We need big banks to help grow the economy
In an interview Thursday with CNBC, Moynihan said some of the measures being contemplated now to loosen up the financial system make sense.
Read more: http://www.cnbc.com/id/
Reserve Bank renews currency swap facility with China
Scoop
Scoop
The People's Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the renewal of a reciprocal currency arrangement (swap line) to support the settlement of cross border transactions between New Zealand and Chinese businesses. Read the full story
Why banks can give you a credit card you never applied for
Daily Mail
Daily Mail
Nearly a quarter of borrowers believe that getting accepted for a credit card guarantees them the advertised interest rate and 0 per cent promotion. Read the full story
SoftBank boss follows Trump to Saudi to launch $100 billion fund
Business Insider
Business Insider
SoftBank Group Corp Chairman and CEO Son attends a news conference in Tokyo Thomson Reuters By Makiko Yamazaki TOKYO (Reuters) - Some six months after his visit to Donald Trump's Manhattan mansion cheered investors, Masayoshi Son, Japan's richest man, is set to follow his friend to Saudi Arabia as the new U.S. president makes his first overseas trip since taking office. Son, head of Japan's SoftBank Group Corp <9984.T>, travels to Riyadh this weekend where he is expected to announce the close of Read the full story
Some euro zone banks ‘in denial’ about bad loans: ECB’s Nouy
CDA News
CDA News
FRANKFURT (Reuters) – Some euro zone banks are “in denial” about their problems with unpaid loans, the European Central Bank’s chief supervisor has told a Finnish weekly. “In all euro area countries, there are … banks that are not doing so well but are committed — and bravely so — to tackling their problems; and […] Read the full story
TREASURIES/ BONDS/ STOCKS
Wall Street looks to close out a tough week in the green
Despite Wall Street's rebound from Wednesday's nosedive on Trump concerns, the S&P 500 was still on track for their worst weeks in five.
Read more: http://www.cnbc.com/id/
Treasurys fall as concerns over US administration fade
CNBC
U.S. government debt prices were mixed on Friday morning as investors become less worried over the stability of the U.S. administration. Read the full story
U.K. stocks break 2-day losing streak after pound’s mini ‘flash crash’
MarketWatch
U.K. stocks rise for the first time in three sessions on Friday, boosted by a mini “flash crash” in the pound and a rebound in U.S. and Asian equities overnight. Read the full story
TREASURIES/ BONDS/ STOCKS
Wall Street looks to close out a tough week in the green
Despite Wall Street's rebound from Wednesday's nosedive on Trump concerns, the S&P 500 was still on track for their worst weeks in five.
Read more: http://www.cnbc.com/id/
Treasurys fall as concerns over US administration fade
CNBC
CNBC
U.S. government debt prices were mixed on Friday morning as investors become less worried over the stability of the U.S. administration. Read the full story
U.K. stocks break 2-day losing streak after pound’s mini ‘flash crash’
MarketWatch
MarketWatch
U.K. stocks rise for the first time in three sessions on Friday, boosted by a mini “flash crash” in the pound and a rebound in U.S. and Asian equities overnight. Read the full story
CURRENCIES
Bitcoin surges past $1,900 for the first time
Business Insider
Bitcoin is at it again. Overnight, the cryptocurrency topped $1,900 for the first time. Currently it trades up 2.3% at $1938.81 a coin. Friday's gains have bitcoin up about 102% since March 27. The cryptocurrency has gained in 23 of the past 26 sessions. The rally has seemingly been sparked by news out of Japan at the beginning of April that bitcoin is now considered a legal payment method in the country. Along the way, Ulmart, Russia's largest online retailer, said it would begin accepting Read the full story
The dollar is sliding
Business Insider
The dollar is sliding. The US dollar index is down by 0.5% at 97.43 as of 7:37 a.m. ET. The recent dollar sell-off has been in response to yields, a Morgan Stanley FX team led by Hans W. Redeker argued in a note to clients. Nevertheless, markets likely will monitor the ongoing political turmoil in Washington. "In the near term, focus will be on former FBI director Comey's testimony, expected next Wednesday," they wrote. "USD should remain under pressure ahead of the event as markets price in an Read the full story
Pound to euro exchange rate: Sterling FALLS again despite positive economic growth in UK
Daily Star
THE pound to euro exchange rate receded this morning after a brief spike yesterday. If you’re holidaying in Europe soon we hope you went out and panic bought euros yesterday, because the exchange rate has plummeted again. Yesterday the pound showed signs of recovery after UK retail sales smashed expectations. After dropping to a five-week low earlier in the week the exchange rate went from €1.16131 to €1.17147 to the pound, after it was revealed that UK retail sales jumped by 2.3% in April. But Read the full story
Pound retakes $1.30 level after flash crash; dollar meanders lower
MarketWatch
The British pound jumps back above $1.30 after sliding to a low of $1.2888 in a mini ‘flash crash’ late on Thursday. Read the full story
NZ dollar slips as politics continue to dominate
Newsie
The New Zealand dollar declined against the greenback and surged against the Brazilian real as the behaviour of the American and Brazilian presidents overshadowed concerns about economic fundamentals. The Kiwi dollar fell to US69c as at 8am in Wellington from US69.28c late on Thursday. The local dollar rose as high as 2.3591 real, the highest level this year, from 2.1743 real on Thursday. Speculation has mounted about the risks to US President Donald Trump of the ongoing Federal Bureau of Read the full story
Australian, Canadian Dollars Rise Amid Oil Prices Advance
RTTNews
The Australian and the Canadian dollars strengthened against their major counterparts in the Asian session on Friday amid oil price rise, as optimism grew that the oil producing countries are likely to cut its excess crude output. Read the full story
Forex - Yen gains in Asia on safe-haven demand on Brazil turmoilInvesting.com
© Reuters. Yen gains in Asia Read the full story
CURRENCIES
Bitcoin surges past $1,900 for the first time
Business Insider
Business Insider
Bitcoin is at it again. Overnight, the cryptocurrency topped $1,900 for the first time. Currently it trades up 2.3% at $1938.81 a coin. Friday's gains have bitcoin up about 102% since March 27. The cryptocurrency has gained in 23 of the past 26 sessions. The rally has seemingly been sparked by news out of Japan at the beginning of April that bitcoin is now considered a legal payment method in the country. Along the way, Ulmart, Russia's largest online retailer, said it would begin accepting Read the full story
The dollar is sliding
Business Insider
Business Insider
The dollar is sliding. The US dollar index is down by 0.5% at 97.43 as of 7:37 a.m. ET. The recent dollar sell-off has been in response to yields, a Morgan Stanley FX team led by Hans W. Redeker argued in a note to clients. Nevertheless, markets likely will monitor the ongoing political turmoil in Washington. "In the near term, focus will be on former FBI director Comey's testimony, expected next Wednesday," they wrote. "USD should remain under pressure ahead of the event as markets price in an Read the full story
Pound to euro exchange rate: Sterling FALLS again despite positive economic growth in UK
Daily Star
Daily Star
THE pound to euro exchange rate receded this morning after a brief spike yesterday. If you’re holidaying in Europe soon we hope you went out and panic bought euros yesterday, because the exchange rate has plummeted again. Yesterday the pound showed signs of recovery after UK retail sales smashed expectations. After dropping to a five-week low earlier in the week the exchange rate went from €1.16131 to €1.17147 to the pound, after it was revealed that UK retail sales jumped by 2.3% in April. But Read the full story
Pound retakes $1.30 level after flash crash; dollar meanders lower
MarketWatch
MarketWatch
The British pound jumps back above $1.30 after sliding to a low of $1.2888 in a mini ‘flash crash’ late on Thursday. Read the full story
NZ dollar slips as politics continue to dominate
Newsie
Newsie
The New Zealand dollar declined against the greenback and surged against the Brazilian real as the behaviour of the American and Brazilian presidents overshadowed concerns about economic fundamentals. The Kiwi dollar fell to US69c as at 8am in Wellington from US69.28c late on Thursday. The local dollar rose as high as 2.3591 real, the highest level this year, from 2.1743 real on Thursday. Speculation has mounted about the risks to US President Donald Trump of the ongoing Federal Bureau of Read the full story
Australian, Canadian Dollars Rise Amid Oil Prices Advance
RTTNews
RTTNews
The Australian and the Canadian dollars strengthened against their major counterparts in the Asian session on Friday amid oil price rise, as optimism grew that the oil producing countries are likely to cut its excess crude output. Read the full story
Forex - Yen gains in Asia on safe-haven demand on Brazil turmoilInvesting.com
© Reuters. Yen gains in Asia Read the full story
USA
The Blind Spot in a Sharing Economy: Tax Collection
The Wall Street Journal
A loophole is helping gig-economy workers, online sellers and home-sharing hosts who want to cheat on their taxes. Because the IRS in many cases isn’t notified of a worker’s income, taxes remain unpaid. For others, the system is bewildering. Read the full story
USA
The Blind Spot in a Sharing Economy: Tax Collection
The Wall Street Journal
The Wall Street Journal
A loophole is helping gig-economy workers, online sellers and home-sharing hosts who want to cheat on their taxes. Because the IRS in many cases isn’t notified of a worker’s income, taxes remain unpaid. For others, the system is bewildering. Read the full story
Realtors say middle class will face higher taxes, lower house prices under Trump plan
MarketWatch
MarketWatch
An analysis from the national real-estate agents industry group finds higher taxes and lower home values under tax plans like the one proposed by President Trump Read the full story
EMERGING MARKETS
Why Brazilian Bank Stocks Are Plunging Today
The Motley Fool
The Motley Fool
Banco Santander Brasil SA, Itau Unibanco Holding SA, and Banco Bradesco SA are plunging on news that Brazilian President Michel Temer is involved in his own bribery and corruption scandal. Read the full story
MIDDLE EAST
Here’s why oil traders are so focused on the Iranian elections
Iranians head to the polls on Friday to choose a new president in an election being closely watched due to the implications for Iran's nuclear deal.
Read more: http://www.cnbc.com/id/
Iranians cast presidential ballots, with the nuclear deal and economy on their minds
The Washington Post
The Washington Post
The choice is between two candidates with fundamentally different visions of Iran's place in the world. Read the full story
Saudis eye Iran and ignore Trump's temperament as red carpet rolled out
the guardian
the guardian
Riyadh believes Trump will prove a more natural ally after eight years of strained ties with Obama – and is hopeful of signing massive weapons deal Saudi Arabia has prepared a spectacular – if wary – welcome for Donald Trump, ignoring mounting concerns about his temperament and insisting that his visit here on Saturday will reconfirm the Kingdom’s status as a regional force. Related: Trump hopes to make a splash on first foreign trip – but perils remain Continue reading... Read the full story
A big move by Pakistan makes other countries riskier investments
Pakistan is making a major move up on the world stage that will reverberate in the markets.
Read more: http://www.cnbc.com/id/
Full tanks and tankers: a stubborn oil glut despite OPEC cuts
Business Insider
Business Insider
FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing Thomson Reuters By Catherine Ngai NEW YORK/LONDON/SINGAPORE (Reuters) - After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks. Investors hailed the drawdowns as the beginning of the end of a two-year supply glut - raising hopes for steadily rising per-barrel prices. It hasn't Read the full story
A
FRICA
Zimbabwe: Mobile Data War Escalates
AllAfrica
AllAfrica
(Photo: Jerry Chifamba/allAfrica) With the birth of the country's first mobile telecommunications company in 1997 and the eventual licencing of Strive Masiyiwa's Econet Wireless Zimbabwe, competition for the voice market seemed inevitable. The entrance of yet another player in the form of Telecel Zimbabwe into the fray did not help either. Entering the market with both cheaper mobile handsets and sim card offerings, the war to get more people talking on the three networks had just gotten tighter Read the full story
Zimbabwe: Lift Ban On Mugabe Then We Can Re-Engage, Govt Tells EU
AllAfrica
AllAfrica
(Photo: The Herald) Zimbabwe is ready to re-engage with the European Union (EU) if Brussels removes sanctions on President Robert Mugabe, according to Deputy Foreign Affairs Minister, Edgar Mbwembwe. President Mugabe and his wife Grace are the only two individuals left on the western bloc's sanctions list following the removal of the embargo by EU on more than 200 Zanu PF officials since the tenure of the Unity Government five years ago. The EU has been lifting the embargo which it slapped Read the full story
Uganda: Here Is Why Our Economic-Policy Approach Is Defective
AllAfrica
AllAfrica
(Photo: Faiswal Kasirye/Daily Monitor) There are two key broad policies that undergird the macroeconomic framework of a country: fiscal and monetary. The former is about budgeting, that is, revenue collection and expenditure allocations. The latter tackles money circulation: balancing the demand for money with the availability of goods and services. Paper notes, called money, are required only to facilitate exchange of goods and services. To attain a stable yet performing economy at the macro Read the full story
ASIA
Opinion | China Is the Future of the Sharing Economy
Bloomberg
Bloomberg
Chinese are comfortable with QR codes. It's been an excellent few months for startups in China's sharing economy. Perhaps too good. The bike-sharing industry landed its first unicorn, and companies that allow phone users to share battery packs have raised at least $150 million in recent weeks. But at the same time, one startup recently announced that it expects to share at least 500,000 umbrellas in Guangzhou this year while a Jiaxing-based basketball-sharing company is getting positive coverage Read the full story
3 Must Read Asian market Stories: Bitcoin Soars, What’s Up With The Yuan, and Why China’s Offshore M&A Has Cooled
Barron's
Barron's
Asia Stocks to Watch While global stock markets look wobbly, digital currency Bitcoin continues to power to new highs. Bitcoin, in which trading volume is dominated by the Chinese, rose to around $1,875 overnight, with analysts ascribing the surge to investors seeking a hedge against political turmoil. CNBC has a good story looking at growing demand for the crypto-currency beyond China: While digital currencies are soaring, investors shouldn't forget about the world of fiat currencies. China's Read the full story
EUROPE
Merkel Warns EU of U.K. Seeking Regulatory Edge After Brexit
Bloomberg
German Chancellor Angela Merkel said the European Union needs to guard against the U.K. gaining an economic edge by easing regulation when it leaves the bloc. On day one after Brexit, the U.K. will be able to “chart a new path” by departing from EU standards on environmental protection, consumer safety and many other areas, Merkel told a business group in Berlin. The EU will need to “develop mechanisms” to offset any such effort and “negotiate our future relations with Britain very thoroughly,” Read the full story
Greece passes austerity measures, as markets recover from Trump slump - business live
the guardian
UK factory orders at highest level since 2015 Moody’s maintains stable rating on Portugal Oil bubbles up on hopes of extension to output deal Greek parliament backs pension cuts and tax hikes 1.00pm BST The pound is now back above $1.30, up 0.57% at $1.3009. Chris Saint, senior analyst at Hargreaves Lansdown Currency Service, said: The pound lost ground yesterday afternoon but remains on course for weekly gains against the US dollar, having tiptoed back above the psychologically important $1.30 Read the full story
The euro has impoverished the continent.. and Brussels makes us pay for it, Dutch MP rages
Express
A LEADING voice in the Dutch eurosceptic movement lambasted Brussels ‘ideologues’ for inflicting chaos on the people of the Continent in pursuit of their ‘European dream.’ Thierry Baudet, leader of the Forum For Democracy party, said the single currency had put the many differing nations of Europe into a straight jacket, exacting a heavy toll on the countries of southern Europe and a financial burden on the richer north. Read the full story
EUROPE
Merkel Warns EU of U.K. Seeking Regulatory Edge After Brexit
Bloomberg
Bloomberg
German Chancellor Angela Merkel said the European Union needs to guard against the U.K. gaining an economic edge by easing regulation when it leaves the bloc. On day one after Brexit, the U.K. will be able to “chart a new path” by departing from EU standards on environmental protection, consumer safety and many other areas, Merkel told a business group in Berlin. The EU will need to “develop mechanisms” to offset any such effort and “negotiate our future relations with Britain very thoroughly,” Read the full story
Greece passes austerity measures, as markets recover from Trump slump - business live
the guardian
the guardian
UK factory orders at highest level since 2015 Moody’s maintains stable rating on Portugal Oil bubbles up on hopes of extension to output deal Greek parliament backs pension cuts and tax hikes 1.00pm BST The pound is now back above $1.30, up 0.57% at $1.3009. Chris Saint, senior analyst at Hargreaves Lansdown Currency Service, said: The pound lost ground yesterday afternoon but remains on course for weekly gains against the US dollar, having tiptoed back above the psychologically important $1.30 Read the full story
The euro has impoverished the continent.. and Brussels makes us pay for it, Dutch MP rages
Express
Express
A LEADING voice in the Dutch eurosceptic movement lambasted Brussels ‘ideologues’ for inflicting chaos on the people of the Continent in pursuit of their ‘European dream.’ Thierry Baudet, leader of the Forum For Democracy party, said the single currency had put the many differing nations of Europe into a straight jacket, exacting a heavy toll on the countries of southern Europe and a financial burden on the richer north. Read the full story
Blessed and Highly Favored:
CBI Update:
Closed on Saturday
ISX Update:
Closed on Saturday
Kauaihn Chatter:
5-20-2017 Intel Guru RayRen98 At 6am this morning, even the press were at the mosques, which is not the normal situation. Could it be everything was on target to the last minute and then there was a shift or change? I don’t know. The CBI is not replenishing currency to the dealers, although we are still checking on that. It’s all lining up, even though we don’t have the smoking gun to say it’s all actual and factual. Citizens are still reporting lower prices in Iraq... Full liberation and reconciliation are coming, eventually. We didn’t get the announcement this morning we expected; they are getting ready to celebrate tomorrow [Saturday], and we’ll see if it is for what we’re looking for. I’m feeling really good with what’s going on. They can only stretch this thing out so long, not that they are doing it TO us, but for their own reasons. In the meantime, all we can do is hold on, knowing the day you are seeking is coming, and we are really ready. [post 2 of 2]
5-20-2017 Intel Guru RayRen98 Earlier, we were hearing an expectation of the full liberation of Mosul being announced officially by the 19th... Up until now, we have heard of districts being liberated in the old city of Mosul. Earlier in the week, we heard about nine districts being left, then five, and right now I don’t know how many are left to be liberated, if any. PM Abadi had put out that there would be a big celebration after the announcement, and of course what that celebration is about is subject to interpretation – liberation, economic reform, reconciliation, revaluation of the currency, the use of lower denominations and fils. That remains to be seen, but there seem to be preparations for that celebration tomorrow [Saturday]. [post 1 of 2....stay tuned]
5-20-2017 Intel Guru RayRen98 Earlier, we were hearing an expectation of the full liberation of Mosul being announced officially by the 19th... Up until now, we have heard of districts being liberated in the old city of Mosul. Earlier in the week, we heard about nine districts being left, then five, and right now I don’t know how many are left to be liberated, if any. PM Abadi had put out that there would be a big celebration after the announcement, and of course what that celebration is about is subject to interpretation – liberation, economic reform, reconciliation, revaluation of the currency, the use of lower denominations and fils. That remains to be seen, but there seem to be preparations for that celebration tomorrow [Saturday]. [post 1 of 2....stay tuned]
5-19-2017 Newshound Guru Adam Montana I'm watching this OPEC situation like a HAWK... this is getting serious! We all view the word "soon" with a bit of disdain, but it's starting to taste a little better every day. This rolled across my desk bright and early this morning: "Optimism ahead of OPEC meeting drives U.S. crude oil back above $50" But the real reason for this post is to clarify the next OPEC meeting date. I was mistaken earlier this week, the meeting is not on the 27th... it's on the 25th. Ramadan starts on the 26th.Could the 25th or 26th be our day? It's possible, if Iraq is given a clear exemption from the OPEC oil production deal (the same deal that Russia and Saudi Arabia have already agreed to).
5-19-2017 Newshound Guru FrostyTheSnowman "Ready. Fire. Aim." If you're in sales, you've probably heard of the "ready, fire, aim" technique. Advocates of this technique argue that they would rather "DO SOMETHING" (and possibly risk getting it wrong) vs. "DOING NOTHING" (and missing out on golden opportunities). IMO...it's time for "ready, fire, aim." While Iraq may not score a perfect, dead-center, bulls-eye...I don't think the PTB will allow Iraq to miss the target. Keep in mind...we probably won't SEE the arrow in mid-flight...especially if it happens in the "still-of-the-night." Chances are, we'll just HEAR the sound of the arrow piercing the target when the number lands on the CBI's website.
5-19-2017 Newshound Guru FrostyTheSnowman "Ready. Fire. Aim." If you're in sales, you've probably heard of the "ready, fire, aim" technique. Advocates of this technique argue that they would rather "DO SOMETHING" (and possibly risk getting it wrong) vs. "DOING NOTHING" (and missing out on golden opportunities). IMO...it's time for "ready, fire, aim." While Iraq may not score a perfect, dead-center, bulls-eye...I don't think the PTB will allow Iraq to miss the target. Keep in mind...we probably won't SEE the arrow in mid-flight...especially if it happens in the "still-of-the-night." Chances are, we'll just HEAR the sound of the arrow piercing the target when the number lands on the CBI's website.
5-19-2017 Intel Guru Frank26 In the history of the WB and the IMF Family...they have never asked any country to do their Financial Reform...but they sure did tell Iraq to do theirs didn’t they...because of the pressure from the President of the US IMO. Give me one nation where the WB and the IMF DEMANDS that nation to raise the value of their currency...the tapestry is weaving a beautiful picture isn’t it. Mosul was used as an excuse and it worked...and May 17th sticks in my soul... maybe an announcement of the liberation of Mosul. By the way...SUNDAY....any given SUNDAY is also deep in my soul.
5-19-2017 Newshound Guru Aggiedad77 Article "Infallible calls to give the private sector an opportunity to contribute to the development of the Iraqi economy" Those changes in patterns that make you put your finger to your temple and say...hmmmmm...Masum is not known to have meetings like this...at his residence in Amman, Jordan no less...he knows what is coming... encouraging them that Iraq has opportunities ripe to be developed...so much in the way of reconstruction...he's wooing these investors to Iraq's doors...he's telling them...just as Abadi has stated this..."come on in"...don't be disappointed ...instead look to what will be...keep in mind too that war is never a precise thing to call "over" and if Abadi's prediction slips by a few hours or days...so be it...you know as well as I do...the end is upon us...it is near at hand...the real work is about to commence...the BEST is coming...IMO.
5-19-2017 Newshound Guru Aggiedad77 Article "Infallible calls to give the private sector an opportunity to contribute to the development of the Iraqi economy" Those changes in patterns that make you put your finger to your temple and say...hmmmmm...Masum is not known to have meetings like this...at his residence in Amman, Jordan no less...he knows what is coming... encouraging them that Iraq has opportunities ripe to be developed...so much in the way of reconstruction...he's wooing these investors to Iraq's doors...he's telling them...just as Abadi has stated this..."come on in"...don't be disappointed ...instead look to what will be...keep in mind too that war is never a precise thing to call "over" and if Abadi's prediction slips by a few hours or days...so be it...you know as well as I do...the end is upon us...it is near at hand...the real work is about to commence...the BEST is coming...IMO.
5-19-2017 Newshound/Intel Guru BGG I am very excited about the current state of things. I am very excited about the next short time frame... I think we are in an incredible window of time right now...and I do feel - if things advance as they have been - we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before. (keep in mind - we have been close before - the CBI had planned on 2013? sometime and put it off). According to the SIGR Report. We are close. REAL CLOSE5-18-2017
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1 (from PM Abadi's website)
No new postings.
Abadi tweet:
2:33 AM - 20 May 2017
In our unity, the land was liberated, our pride and our determination made miracles
*************
ARTICLE 2
Trump is issuing a directive to speed up the campaign against a sympathetic organization
WASHINGTON, May 20 (Xinhua) - US Joint Chiefs of Staff Gen. Joseph D. Danford announced directives from US President Donald Trump to speed up the campaign against a terrorist organization.
"Trump has issued directives to speed up the campaign against Da'ash," Danford told a joint news conference with the US Secretary of Defense and the envoy of the International Coalition for Iraq and Syria in Washington. "The international coalition has undermined the organization's ability to achieve its objectives in Iraq and Syria."
"The coalition has made significant progress as the oil-producing areas have been restored and many leaders have been released," he said. "We are doing everything possible to prevent the organization from rearming its fighters."
Danford pointed out that "the coalition get rid of the existence of a preacher in the border area with Turkey," noting that "there is confidence in the Iraqi leadership and the ability of leaders to control the region and this is amazing and is a major achievement."
*************
ARTICLE 3
Abadi: Gangs will not rule us or weaken the state
2017/5/20 12:32 • 1 time read
[Ayna-Baghdad]
Prime Minister Haider al-Abadi stressed that any party that wants to weaken the state and society should stand by its side.
Prime Minister Haider al-Abadi stressed that any party that wants to weaken the state and society should stand by its side.
"Terrorism wants us sedition and there are those who support it, and those who are ready to challenge everyone with any terrorist attack," Abbadi said in a speech at the TEDEX Baghdad conference on innovations and talents.
He pointed out that "the right administration will be steadfast and we will be stronger and some prepared themselves to thwart and block everything we do but we will not allow them and we will continue as we will not allow those who want to weaken the state and society and is kidnapped just because he disagreed with the question is wondering whether fighting our heroes and fight dictatorship is to govern gangs ? "
"The Iraqi people are a creative people," he said. "Despite the destruction and the difficulties, it has made achievements and the whole world is talking about it with admiration."
"We are meeting here in Baghdad peace, unity and progress, as we have gone through a process of suffering to achieve this achievement that gave hope, the world and its leaders admire what has been achieved despite the financial crisis."
Baghdad was threatened two years ago and we 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 added that" we have liberated our land and our pride and our determination.
"The prime minister is surprised by some who are trying to bring frustration to the Iraqis and to console the citizens after the liberation of Mosul and tell them the situation will be much better because the country has gone through the most difficult crises."
He pointed out that "the right administration will be steadfast and we will be stronger and some prepared themselves to thwart and block everything we do but we will not allow them and we will continue as we will not allow those who want to weaken the state and society and is kidnapped just because he disagreed with the question is wondering whether fighting our heroes and fight dictatorship is to govern gangs ? "
"The Iraqi people are a creative people," he said. "Despite the destruction and the difficulties, it has made achievements and the whole world is talking about it with admiration."
"We are meeting here in Baghdad peace, unity and progress, as we have gone through a process of suffering to achieve this achievement that gave hope, the world and its leaders admire what has been achieved despite the financial crisis."
Baghdad was threatened two years ago and we 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 added that" we have liberated our land and our pride and our determination.
"The prime minister is surprised by some who are trying to bring frustration to the Iraqis and to console the citizens after the liberation of Mosul and tell them the situation will be much better because the country has gone through the most difficult crises."
*************
ARTICLE 4
With the participation of Iraq .. King of Jordan opens the World Economic Forum
2017/5/20 12:05
[Where - Continue]
Jordan's King Abdullah II on Saturday opened the main session of the World Economic Forum on the Middle East and North Africa 2017, hosted by the Dead Sea region.
Jordan's King Abdullah II on Saturday opened the main session of the World Economic Forum on the Middle East and North Africa 2017, hosted by the Dead Sea region.
The forum is attended by a number of heads of state and more than 1100 personalities from business leaders, politicians, representatives of civil society organizations and international and youth organizations from more than 50 countries, including President Fuad Masum and Kurdistan Region President Massoud Barzani.
The forum, which hosts Jordan for the ninth time since 2003, aims to provide a platform that will contribute positively to shaping the future of the region and meeting challenges through cooperation and partnership between the public and private sectors.
The forum began its Friday sessions, among the most important topics to be discussed: [enabling innovation] and [entrepreneurship during the Fourth Industrial Revolution], [building inclusive economies], [supporting humanitarian efforts] and [diplomatic dialogue].
The World Economic Forum on the Middle East and North Africa is an extension of the World Economic Forum hosted by the Swiss city of Davos annually since 1971. The non-governmental forum is a platform for meeting global elites and representatives of companies and governments to discuss and discuss economic and political problems and adopt solutions to address them within common frameworks and visions. .
The forum, which hosts Jordan for the ninth time since 2003, aims to provide a platform that will contribute positively to shaping the future of the region and meeting challenges through cooperation and partnership between the public and private sectors.
The forum began its Friday sessions, among the most important topics to be discussed: [enabling innovation] and [entrepreneurship during the Fourth Industrial Revolution], [building inclusive economies], [supporting humanitarian efforts] and [diplomatic dialogue].
The World Economic Forum on the Middle East and North Africa is an extension of the World Economic Forum hosted by the Swiss city of Davos annually since 1971. The non-governmental forum is a platform for meeting global elites and representatives of companies and governments to discuss and discuss economic and political problems and adopt solutions to address them within common frameworks and visions. .
*************
ARTICLE 5
Jubouri: the bombings yesterday targeting the unity of the country and the Iraqis are not ready to war between them
2017/5/20 11:29
[Ayna-Baghdad]
The head of the House of Representatives, Salim Jubouri, said that the terrorist bombings in Baghdad and before Basra province yesterday, "targeting the unity of the country," noting that "Iraqis are not ready to bring peace to each other."
The head of the House of Representatives, Salim Jubouri, said that the terrorist bombings in Baghdad and before Basra province yesterday, "targeting the unity of the country," noting that "Iraqis are not ready to bring peace to each other."
wo car bombs exploded overnight near security control at the entrance to the Abu Dshir area south of Baghdad, and exploded in a similar location north of the province of Basra on Friday, killing 24 people and wounding about 50 others.
"The enemy seeks to break up the national unity and tear apart the unity of the country, as happened in yesterday's bombings in Basra and Baghdad," al-Jubouri said in a speech at a conference organized by the UN mission in Iraq on Saturday. Continue to urge in its policy to confuse us and fuel suspicions between us and portable ignited the fire of strife that our great people are frustrated every time. "
He added that "the Iraqis are not ready to take arms on each other they never did so in the past and what was the war during the days of sectarian escalation was between groups that were targeting citizens from one side or another attempt to mobilize and mobilize the street in favor of agendas and ideas and ambitions of terrorism and political, But we seek to achieve coexistence, which means acceptance, understanding, integration and love of diversity, which produces faith in the other and existence and accept his idea.
"There has been a lot of talk recently about the project of national interests in Iraq and we continue to note that the project needs to progress more in the applied field field effectively and real."
He explained that "the reconciliation project is still in the stage of theorization, promotion and marketing media, which is good but does not correspond to the need for actual and urgent and necessary and not with the time left to us, especially as we overgrow the time and enemy in his dangerous schemes."
He added that "the qualitative effort provided by these workshops during this short period constitutes an important link in the series of efforts to achieve the project of national reconciliation and consolidation of coexistence among the Iraqi people, especially that the body has a history of long and successful and professional experiences in these sensitive tasks."
"The United Nations organizations and their work in the conflict zones of the world and at all levels of humanity have been able to achieve successive successes and seize many opportunities to consolidate civil peace in these areas. Today, we stand with the Iraqis by performing their humanitarian missions to help them out. Of the crisis with minimal losses. "
"There is no doubt that young people are the cornerstone of the success of the national reconciliation project because they have the tools that empower them to this important role, they are the current leaders and not the future, as some are trying to promote."
"The young people are the makers of hope and life and they have to rely on God to build the present of Iraq's future without relying on or relying on the failed projects that destroyed Iraq over the past years and gave corruption space opportunity to strip the country of its goods and the displacement of scientists and intellectuals, intellectuals, artists and writers."
"If you do not believe, young people and intellectuals, that you are the real leaders, and that your role is not waiting to wait, but grabs a snatch, Iraq will remain in a cycle of repetition and failure consumed by the fires of terrorism and corruption." The project of peaceful coexistence we seek does not mean we want to achieve The security ladder, as it is an inevitable result and realistic without effort or planning. "
"I would like to reiterate my thanks to the United Nations Assistance Mission for Iraq (UNAMI) for its good efforts to stand with us, specifically for the establishment of these effective workshops and the valuable and thanks to the Iraqi Hope Society and the National Reconciliation Committee of the Council of Ministers for this good and kind effort. In achieving the essence of the file of national reconciliation and God will help you to work and sponsors you. "
"The enemy seeks to break up the national unity and tear apart the unity of the country, as happened in yesterday's bombings in Basra and Baghdad," al-Jubouri said in a speech at a conference organized by the UN mission in Iraq on Saturday. Continue to urge in its policy to confuse us and fuel suspicions between us and portable ignited the fire of strife that our great people are frustrated every time. "
He added that "the Iraqis are not ready to take arms on each other they never did so in the past and what was the war during the days of sectarian escalation was between groups that were targeting citizens from one side or another attempt to mobilize and mobilize the street in favor of agendas and ideas and ambitions of terrorism and political, But we seek to achieve coexistence, which means acceptance, understanding, integration and love of diversity, which produces faith in the other and existence and accept his idea.
"There has been a lot of talk recently about the project of national interests in Iraq and we continue to note that the project needs to progress more in the applied field field effectively and real."
He explained that "the reconciliation project is still in the stage of theorization, promotion and marketing media, which is good but does not correspond to the need for actual and urgent and necessary and not with the time left to us, especially as we overgrow the time and enemy in his dangerous schemes."
He added that "the qualitative effort provided by these workshops during this short period constitutes an important link in the series of efforts to achieve the project of national reconciliation and consolidation of coexistence among the Iraqi people, especially that the body has a history of long and successful and professional experiences in these sensitive tasks."
"The United Nations organizations and their work in the conflict zones of the world and at all levels of humanity have been able to achieve successive successes and seize many opportunities to consolidate civil peace in these areas. Today, we stand with the Iraqis by performing their humanitarian missions to help them out. Of the crisis with minimal losses. "
"There is no doubt that young people are the cornerstone of the success of the national reconciliation project because they have the tools that empower them to this important role, they are the current leaders and not the future, as some are trying to promote."
"The young people are the makers of hope and life and they have to rely on God to build the present of Iraq's future without relying on or relying on the failed projects that destroyed Iraq over the past years and gave corruption space opportunity to strip the country of its goods and the displacement of scientists and intellectuals, intellectuals, artists and writers."
"If you do not believe, young people and intellectuals, that you are the real leaders, and that your role is not waiting to wait, but grabs a snatch, Iraq will remain in a cycle of repetition and failure consumed by the fires of terrorism and corruption." The project of peaceful coexistence we seek does not mean we want to achieve The security ladder, as it is an inevitable result and realistic without effort or planning. "
"I would like to reiterate my thanks to the United Nations Assistance Mission for Iraq (UNAMI) for its good efforts to stand with us, specifically for the establishment of these effective workshops and the valuable and thanks to the Iraqi Hope Society and the National Reconciliation Committee of the Council of Ministers for this good and kind effort. In achieving the essence of the file of national reconciliation and God will help you to work and sponsors you. "
*************
ARTICLE 6
School: Efforts must be made to strengthen national cohesion and overcome sectarian and ethnic fanaticism
Karbala - May 19: The religious authority, Muhammad Taqi al-Mudari, said Friday in his weekly statement issued by his office in Karbala that "centuries of underdevelopment and accumulation of crises have caused deep divisions in our Islamic societies and in Iraq in particular. More effort to restore social cohesion to our homeland and to establish effective political institutions that transcend sectarianism, sectarianism, ethnicity and all the cracks. "
"Today, we are living an exceptional circumstance in the face of the aggression of terrorism, which has not excluded anyone. It has caused tremendous damage not only to the economy, but also to the social structure. Democracy is a solid building with deep roots in society and losing these roots will turn democracy into a despicable dictatorship. We argue in the skin of the bear before we hunt it. Some people, unfortunately, argue about future things that are not over yet. "
He added that "the armed forces and the popular crowd are fighting for the unity of the country and for the future of their children and the sons of our Iraqi people and they are more committed to the laws and discipline and cohesion with the components of different people and must be a weapon of security and a means to maintain the law and otherwise the country will be on the palm The occasion of the holy month of Ramadan is an opportunity for all of us to repent to God, to review ourselves, to criticize ourselves, to hold them accountable and to change their path to serve others. Thus, we all have the broad mercy of God and overcome all obstacles to the progress of our country. The dignity and the proper living of our peoples and God is the beneficiary. " AH
No comments:
Post a Comment