Word on the Street Tuesday 5/23/17
TNT CONFERENCE CALL MONDAY 5/22/17 DC NY CALL RECAP:
Good afternoon TNT Superfantastic family. Today is Magnificent Monday. If not for the last time on the public release side of the RV, I have a feeling we are Super Super close. I am feeling good today, and we have multiple reasons to be happy today. To recap across the pond since Friday, we didn't get the full public release but everything leading up to it. The info was good that something good is going to happen and should be today. Everyday this week should be good based on the Information. Anticipation of announcments to be made, Abadi sent out a tweet about the liberation of western Mosul in the past tense. He talked in the past tense of Mosul being liberated and economic reforms. On Saturday 5 districts left and all goals accomplished. Later in the day 4 districts with less than 50% ISIS occupation with the understanding of Mosul being liberated. Then we heard CBI discontinued uncirculated dinar outside of the country. This was targeted at 3 zero notes. Lower denoms and fils expected to flow on Sunday. Main thing about my contacts in Iraq, we have 2 phases of intel contacts. One phase gives me assurance that this is real and going to happen, and then they do materialize. The other phase gives me the reality. Phase A it is coming and B yes it took place it happened and a good balance of intel. Banks Lower denoms expected to flow on Sunday and no reference came out. We have right up through today, 97% of Mosul is liberated public information. Bringing people and coming back in to Mosul by the truck loads, so apparently there is no threat now there. Rafidain Bank has an article about issuing bills for citizens and saying right now get it done and into their accounts. Could this be the lower denoms. Over here we have credit cards debit cards, why do we need ATMs to have loose cash on hand. In hours in Iraq, debit cards and credit cards payments being made and why have ATMs? Bank articles issuing bills to the citizens, and I believe it is this week sometimes. I believe lower denoms came out yesterday, and gradually disperse thoughout the week and wrap up Friday night Saturday morning just before Ramadan. I will get updated into probably after the call. Banks folks are quiet excited and waiting. Some activity, some scuttle butt, and not official yet. So we wait and will have a call to update for you if we have to. Everything is going to be positive. I do have a new assignment for all my members. Some are letting me know some of banks are exchanging Iraq dinar but not at a decent rate yet. Bank will verify your currency when you get there, and get a receipt when you leave. Find out banks in your area that exchange foreign currencies and which verify on the spot. 800 numbers supposedly will give us some options. Q and A: Q: What does stretching it out mean? Ray: Lower denoms already start and will continue this week and end on Friday and Saturday. Q: How much do you know about the insurance industry. Can they survive? Ray: Sure they can. Q: Where will we find rates? Ray: On any currency converter site. Q: Will the RV happen while the president is out of the country? Ray: I have no idea. Q: Do you know if the UK, Australia and other countries have exchanged. Ray: It will be news to me, but I have not heard it from any of my sources. Q: Are you aware of any revalued rates on any of the currencies? Ray: No I have not. Q: Any news laws that will bring us to the RV? Ray: Laws being passed in Parliament and may or may not have had any significance. Callers: 423 Full of hope.Abadi announced at the Mosque financial reform and Mosul liberated? Are you saying it is pretty much or more? Ray: I am saying from the info I have shared with you all, I am saying Mosul is basically liberated, since the small amount that exists is nothing. It is a done deal. Caller: Is Abbott Downing exchanging ZIM? Ray: A letter went out to people about that. Caller: First Green Bank just certified one of 9 companies in Florida for environment and humanitarian projects for businesses. They may find that as a good resource. Ray: TY very much. Caller Catnip: 863: In the past weeks they are reporting about the flurry of TV banners. Is it still continuing? Ray: I assume it died down and will inquire about it. Catnip: About the time issue this afternoon at the UN Security council and the situation concerning Iraq UNAMI. How critical that this is the last report and one of the things we might be waiting for? Ray: they made no reference so it just appears to be a formality. Caller: 718 NY Is the ZIm included? Ray: To my knowledge, it is included. Ray's Wrap Up: Well folks we had an exciting info. I am awaiting an update this evening and should be getting it later about lower denoms in select provinces and Rafidian bank releasing bills. It should be ATM releasing lower denoms as the article indicated and maybe today. Updated info from this afternoon into Tuedays will all expectaiton wrapping up before Ramadan or next week during it. We know it is coming. It is very important, and your mission is to put together a data base of banks and ask about exchanging currencies. Please email me all the info you get, and we will compile a list of banks. We are waiting for the light to turn green and go down to the bank. It is a Marvelous Monday. I Believe! It is already done! Rayren98
Good afternoon TNT Superfantastic family. Today is Magnificent Monday. If not for the last time on the public release side of the RV, I have a feeling we are Super Super close. I am feeling good today, and we have multiple reasons to be happy today. To recap across the pond since Friday, we didn't get the full public release but everything leading up to it. The info was good that something good is going to happen and should be today. Everyday this week should be good based on the Information. Anticipation of announcments to be made, Abadi sent out a tweet about the liberation of western Mosul in the past tense. He talked in the past tense of Mosul being liberated and economic reforms. On Saturday 5 districts left and all goals accomplished. Later in the day 4 districts with less than 50% ISIS occupation with the understanding of Mosul being liberated. Then we heard CBI discontinued uncirculated dinar outside of the country. This was targeted at 3 zero notes. Lower denoms and fils expected to flow on Sunday. Main thing about my contacts in Iraq, we have 2 phases of intel contacts. One phase gives me assurance that this is real and going to happen, and then they do materialize. The other phase gives me the reality. Phase A it is coming and B yes it took place it happened and a good balance of intel. Banks Lower denoms expected to flow on Sunday and no reference came out. We have right up through today, 97% of Mosul is liberated public information. Bringing people and coming back in to Mosul by the truck loads, so apparently there is no threat now there. Rafidain Bank has an article about issuing bills for citizens and saying right now get it done and into their accounts. Could this be the lower denoms. Over here we have credit cards debit cards, why do we need ATMs to have loose cash on hand. In hours in Iraq, debit cards and credit cards payments being made and why have ATMs? Bank articles issuing bills to the citizens, and I believe it is this week sometimes. I believe lower denoms came out yesterday, and gradually disperse thoughout the week and wrap up Friday night Saturday morning just before Ramadan. I will get updated into probably after the call. Banks folks are quiet excited and waiting. Some activity, some scuttle butt, and not official yet. So we wait and will have a call to update for you if we have to. Everything is going to be positive. I do have a new assignment for all my members. Some are letting me know some of banks are exchanging Iraq dinar but not at a decent rate yet. Bank will verify your currency when you get there, and get a receipt when you leave. Find out banks in your area that exchange foreign currencies and which verify on the spot. 800 numbers supposedly will give us some options. Q and A: Q: What does stretching it out mean? Ray: Lower denoms already start and will continue this week and end on Friday and Saturday. Q: How much do you know about the insurance industry. Can they survive? Ray: Sure they can. Q: Where will we find rates? Ray: On any currency converter site. Q: Will the RV happen while the president is out of the country? Ray: I have no idea. Q: Do you know if the UK, Australia and other countries have exchanged. Ray: It will be news to me, but I have not heard it from any of my sources. Q: Are you aware of any revalued rates on any of the currencies? Ray: No I have not. Q: Any news laws that will bring us to the RV? Ray: Laws being passed in Parliament and may or may not have had any significance. Callers: 423 Full of hope.Abadi announced at the Mosque financial reform and Mosul liberated? Are you saying it is pretty much or more? Ray: I am saying from the info I have shared with you all, I am saying Mosul is basically liberated, since the small amount that exists is nothing. It is a done deal. Caller: Is Abbott Downing exchanging ZIM? Ray: A letter went out to people about that. Caller: First Green Bank just certified one of 9 companies in Florida for environment and humanitarian projects for businesses. They may find that as a good resource. Ray: TY very much. Caller Catnip: 863: In the past weeks they are reporting about the flurry of TV banners. Is it still continuing? Ray: I assume it died down and will inquire about it. Catnip: About the time issue this afternoon at the UN Security council and the situation concerning Iraq UNAMI. How critical that this is the last report and one of the things we might be waiting for? Ray: they made no reference so it just appears to be a formality. Caller: 718 NY Is the ZIm included? Ray: To my knowledge, it is included. Ray's Wrap Up: Well folks we had an exciting info. I am awaiting an update this evening and should be getting it later about lower denoms in select provinces and Rafidian bank releasing bills. It should be ATM releasing lower denoms as the article indicated and maybe today. Updated info from this afternoon into Tuedays will all expectaiton wrapping up before Ramadan or next week during it. We know it is coming. It is very important, and your mission is to put together a data base of banks and ask about exchanging currencies. Please email me all the info you get, and we will compile a list of banks. We are waiting for the light to turn green and go down to the bank. It is a Marvelous Monday. I Believe! It is already done! Rayren98
Forex Rates:
| USD/IQD | | | 1,141.6000 | 1,140.4000 | 1,140.4000 | | 07:12 |
| USD/VND | | | 22,680.0000 | 22,325.0000 | 22,325.0000 | | 07:12 |
| USD/CNY | | | 6.8944 | 6.8569 | 6.8612 | | 07:12 |
| USD/KWD | | | 0.3033 | 0.3023 | 0.3030 | | 06:00 |
| GBP/USD | | | 1.2997 | 1.2951 | 1.2991 | | 07:12 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,306.0000 | 13,277.0000 | 13,296.0000 | | 06:46 |
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk Link: https://view.response.cnbc.
Tish:
Iraq is undervalued, booming, and about to win the war against ISIS. Here is the bullish scenario for investors.
Iraq is considered to have the world’s second largest proven oil reserves with 140 billion barrels. That said, it could be much higher as much of the data is 2-D seismic and predates the 2001 Gulf War.
Right now, Iraq's assets are severely undervalued for two reasons: the low oil price and the war with ISIS. Both of those factors are changing.
Iraq is considered to have the world’s second largest proven oil reserves with 140 billion barrels. That said, it could be much higher as much of the data is 2-D seismic and predates the 2001 Gulf War.
Right now, Iraq's assets are severely undervalued for two reasons: the low oil price and the war with ISIS. Both of those factors are changing.
DC NY Iraq Articles:
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Iraq and Qatar discuss strengthening bilateral relations and the situation in the region
May 22, 2017
Iraqi Prime Minister Haidar al-Abadi on Monday discussed with Qatari Foreign Minister Sheikh Mohammed bin Abdul-Rahman al-Thani bilateral relations and the situation in the region.
During the meeting, Abadi received an invitation from Emir of the State of Qatar Sheikh Tamim bin Hamad bin Khalifa Al Thani to visit Qatar.
For his part, Al-Abbadi, the Foreign Minister conveyed his greetings to the Emir of Qatar, wishing him good health and happiness, and the Qatari people the progress, development and prosperity.
Abadi expressed his thanks and appreciation for the kind invitation of the Emir of Qatar and promised to meet in the coming period.
The Qatari News Agency (QNA) said that during the meeting, they discussed relations between the two countries and means of enhancing them in various fields.
The two sides stressed "on the basis of the ties of brotherhood and historical brotherly relations between the two brotherly countries, to remove all that would disturb the relations between them and look forward to the future and non-dependence on the past and open a new page in the relations between the two brotherly countries."
The Iraqi prime minister expressed appreciation for Qatar's decision to reopen the Qatari embassy in Baghdad soon.
For his part, the Foreign Minister said that his visit to Baghdad "comes from the close brotherly relations between the State of Qatar and the brotherly Republic of Iraq."
He expressed Qatar's deep thanks to the Iraqi Prime Minister for the efforts exerted by the Iraqi government in the final stages of releasing the Qatari nationals and their accomplices and supporting their release and securing them until they arrive at Baghdad airport and return safely to the State of Qatar.
Shaikh Mohammed bin Abdulrahman Al-Thani stressed the continued support of Qatar and its support for Iraq in all its actions to maintain Iraq's territorial integrity and people, achieve full control over the country and eliminate terrorist groups and armed militias
Monday, May 22 The official Qatari news agency reported on Monday that Prince Tamim bin Hamad al-Thani , the Emir of Iraq, sent a letter from Iraqi Prime Minister Haidar al-Abadi , saying that it included Tamim's official invitation to Abadi to visit Qatar.
The Foreign Minister of Qatar, Mohammed bin Abdulrahman Al-Thani, has delivered Abadi during his meeting in Baghdad, the agency said that Abadi expressed appreciation for the decision of the State of Qatar on the reopening of the Qatari embassy in the Iraqi capital soon.
"His visit to Baghdad comes from the brotherly and close brotherly relations between the State of Qatar and the brotherly Republic of Iraq," the Foreign Minister said, revealing the deep gratitude of the State of Qatar to the Iraqi Prime Minister for the efforts exerted by the government in the final stages of the release of citizens Qataris and their accomplices and support their release and secure until they reach Baghdad airport and return safely to Qatar.
"The support of the State of Qatar and its support for the brotherly Republic of Iraq in all its measures to maintain Iraq's territorial integrity and people, to achieve full control over all parts of the country and to eliminate extremist groups and armed militias," said Mohammed bin Abdulrahman Al Thani.
.
President Masoum participates in the funeral of the General Coordinator of the Movement for Change, which is located in the province of Sulaymaniyah
The President of the Republic Fuad Masoum participated in the funeral of the General Coordinator of the Movement for Change Nishirwan Mustafa, which is located in the province of Sulaymaniyah and President Fuad Masum arrived.
The Iraqi leader visited the tomb of Nishirwan Mustafa and placed a wreath on him, praising Mustafa's positions and political history. He was accompanied by the first deputy speaker of the Iraqi parliament Hammam Hamoudi during the visit.
BAGHDAD - No delay in the salaries of the disengagement workers
Baghdad governorate announced the distribution of the salaries of the departments and directorates of the disengagement after the completion of special procedures in the province.
A statement to the press office of the province of Baghdad received the «Journal News» a copy of it, that "the procedures for the distribution of salaries of staff of directorates that have been linked to the province recently completed and will see the distribution of salaries of directorates after the arrival of special notification to them from banks."
The statement added that "the delay in the payment of salaries of directorates in the past months was due to the disengagement procedures followed by the Ministry of Finance, which led to the delay in funding the account of the departments involved in the disengagement.
Agriculture prevents the import of flour and tomatoes for their domestic availability
Date of release: 2017/5/22 9:48 • 118 times read
(Baghdad: Al-Furat News) The Ministry of Agriculture announced the prevention of tomato crops and the promotion of imports to protect the local product.
The official spokesman of the ministry Hamid Nayef said in a statement that the Agency met {Euphrates News} a copy of it, "the ministry prevented the import of crops (tomatoes and flour) to increase their availability in the local markets in order to protect the local product and farmers are fed on agriculture through the income they receive" .
Nayef attributed the ban to "the services provided by agriculture to farmers and farmers, whether in the field of seeds, fertilizers, pesticides and modern irrigation technologies, as well as research and studies on the development of the agricultural sector, which resulted in the increase of agricultural production in quantity and quality.
He pointed out that "the ministry has previously banned many agricultural crops, which are still banned, and those prohibited from importation are 'cucumbers and potatoes'."
The Council of Ministers authorized the Minister of Agriculture to open and prevent imports in light of the abundance and scarcity of the local product. He called on the relevant parties, including the border crossings, to comply with this decision in order to support and protect the local Iraqi product.
Nayef attributed the ban to "the services provided by agriculture to farmers and farmers, whether in the field of seeds, fertilizers, pesticides and modern irrigation technologies, as well as research and studies on the development of the agricultural sector, which resulted in the increase of agricultural production in quantity and quality.
He pointed out that "the ministry has previously banned many agricultural crops, which are still banned, and those prohibited from importation are 'cucumbers and potatoes'."
The Council of Ministers authorized the Minister of Agriculture to open and prevent imports in light of the abundance and scarcity of the local product. He called on the relevant parties, including the border crossings, to comply with this decision in order to support and protect the local Iraqi product.
Kauaihn Iraq Articles:
China opens new shipping line to Iraq
Saudi Arabia gets Iraq's approval to extend oil production cuts
Saudi Energy Minister Khalid Al - Faleh
RIYADH - Iraqi Oil Minister Jabbar Ali al-Allaibi said on Monday that he and his Saudi counterpart Khaled al-Faleh agreed on the need for OPEC to extend oil production cuts by an additional nine months, Reuters reported .
Khaled al-Faleh said during a joint conference that Iraqi Prime Minister Haider al-Abadi also agreed on the need to extend the OPEC cuts for nine months .
Members from within and outside the Organization of the Petroleum Exporting Countries are due to meet on Thursday to agree on an extension of production cuts for another six months .
The Saudi Energy Minister said on Saturday that it was possible to expand the scope of the cut-off agreement to include other countries such as Egypt, Turkmenistan and Indonesia .
Opec members agreed last November to reduce oil production by 1.8 million barrels per day to meet the decline in prices .
Saudi Arabia, Russia and Oman announced last week their support for an extension of production cuts. Qatar's Energy Minister said yesterday that an extension of OPEC's agreement to cut oil production in the second half of this year would boost market stability
Sumo» Iraqi is considering joint shipping and storage projects after the partnership with the «Litasco» Russian
May 23, 2017 BAGHDAD (Reuters) - The company is considering joint ventures in the oil shipping and storage sectors after it set up a new oil trading company with Russia's Litasco, the head of the Iraqi oil marketing company, Sumo, told reporters on Monday.Sources said earlier this month that the new project «Lima Energy» formed a team to work in the Dubai Multi Commodities Center, adding that it will deal in raw materials, Iraqi and Russian and others. Al-Ameri said at an oil conference in Iraq that the company expects to handle 2 million barrels of Basra light crude per month at the beginning, with the possibility of increasing volumes in the future, adding that Somo will receive 50 percent of the profits. "It's not just money, but the idea of converting somo from a marketing company to a trading company. At the moment we started a company and if successful we might add another company for shipping ... (f) ... storage ». Sources said that Iraq continues with oil companies operating in the country, and trade companies worked with «Sumo» in the past, to exchange experiences. But LeTasco, the trade arm of Lukoil, was the first company to reach such an agreement. A source at a foreign oil company operating in Iraq, who asked not to be identified, said other companies operating in Iraq would follow the new company closely to see if Lima would succeed before considering similar joint ventures. Lukoil manages the West Qurna-2 field, Which contains 14 billion barrels of oil, making it one of the largest fields in the world.
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The Iraqi ports opened in coordination and cooperation with the company "Kolftner" contracting ports with a joint operation contract for the reconstruction and rehabilitation of berth No. 11 new navigation line between China and the ports of Iraq.
According to a statement issued by the port company, the shipment reached the largest since the establishment of Iraqi ports for the ship on the back of the vessel YM 2500 containers directly after such large vessels unloaded their cargo in the nearby regional ports and carrying on the back of small ships entering Iraq.
Iraq calls on Saudi Arabia to grant pilgrims visas from its embassy in Baghdad
22-05-2017 12:51 PM
The Supreme Commission for Hajj and Umrah in Iraq called on the Kingdom of Saudi Arabia to grant Iraqi pilgrims entry visas from its embassy in Baghdad, instead of obtaining them at its embassy in Jordan.
"The Saudi authorities have recently decided to grant visas to the Kingdom to the pilgrims, which is easy to obtain," said Hassan al-Kanani, spokesman for the organization. "Iraq is still suffering from the problem of obtaining pilgrims to the Kingdom through the embassy of the latter in Amman, calling at the same time Saudi Arabia to The visas are from the Saudi Embassy in Baghdad, especially after the development of relations between the two countries
"The Saudi authorities have recently decided to grant visas to the Kingdom to the pilgrims, which is easy to obtain," said Hassan al-Kanani, spokesman for the organization. "Iraq is still suffering from the problem of obtaining pilgrims to the Kingdom through the embassy of the latter in Amman, calling at the same time Saudi Arabia to The visas are from the Saudi Embassy in Baghdad, especially after the development of relations between the two countries
Opening a new border port for commercial exchange between Iraq and Iran
Date of release: 2017/5/22 21:10 • 209 times read
(Baghdad: Al-Furat News) The Ministry of the Interior agreed to open a new "joint" border crossing between Iraq and Iran for commercial exchange.
"The Iraqi Interior Ministry has agreed to reopen the common border in the town of Dahlran," said Hussein Ali Mousavi, governor of the town of Dahlran in southwestern Iran, in a press statement, announcing the launch of trade between Iran and Iraq across the Cheelat border.
"This step is important in the context of the development objectives of the border areas," the official said.
"The town of Dahlran extends 220 kilometers from the Iran-Iraq border," he said, calling for "the employment of border opportunities in Dahlan in favor of the desired economic goals and securing jobs in this Iranian town."
The commercial attache at the Iraqi embassy in Tehran, Shaker Razak, announced on April 28 that Iran was the third exporter of goods to Iraq.
"China ranks first in terms of exports to Iraq and Turkey is second," Razak said, noting that "Iran ranked third in terms of exports to Iraq in 2016."
"The value of Turkish exports to Iraq last year amounted to 20 billion dollars, while Iranian exports reached 5 billion dollars," he said
"This step is important in the context of the development objectives of the border areas," the official said.
"The town of Dahlran extends 220 kilometers from the Iran-Iraq border," he said, calling for "the employment of border opportunities in Dahlan in favor of the desired economic goals and securing jobs in this Iranian town."
The commercial attache at the Iraqi embassy in Tehran, Shaker Razak, announced on April 28 that Iran was the third exporter of goods to Iraq.
"China ranks first in terms of exports to Iraq and Turkey is second," Razak said, noting that "Iran ranked third in terms of exports to Iraq in 2016."
"The value of Turkish exports to Iraq last year amounted to 20 billion dollars, while Iranian exports reached 5 billion dollars," he said
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
GLOBAL/NEWS/ INFO
Couple who paid off $18,000 in 54 days shares their No. 1 money saving tip
Their top tip has nothing to do with tracking expenses or ditching credit cards.
Read more: http://www.cnbc.com/id/
Free up cash: 3 reasons to pay off your mortgage early
USA TODAY
Accelerating a mortgage isn't easy, but it can be done. Here are a few good reasons to make the effort. Read the full story
Couple who paid off $18,000 in 54 days shares their No. 1 money saving tip
Their top tip has nothing to do with tracking expenses or ditching credit cards.
Read more: http://www.cnbc.com/id/
Free up cash: 3 reasons to pay off your mortgage early
USA TODAY
USA TODAY
Accelerating a mortgage isn't easy, but it can be done. Here are a few good reasons to make the effort. Read the full story
OIL / COMMODITIES / ENERGY
Gold prices dip as Asian stocks gain, but Trump worries support
Gold prices edged lower as Asian stocks gained, although political worries surrounding U.S. President Donald Trump are expected to support prices.
Read more: http://www.cnbc.com/id/
Gold tries to add to recent gains as dollar eases, stocks steady
MarketWatch
Gold prices firmed Monday, looking to add to the their largest weekly gain since mid-April, as declines in the U.S. dollar index and seemingly stalled equities boosted demand for the metal. Read the full story
Oil price rises to $51 on expectations of extended, possibly deeper, output cut
Oil rose on Monday, bolstered by confidence that top exporters will agree this week to at least extend supply curbs and possibly deepen the cuts.
Read more: http://www.cnbc.com/id/
Oil prices climb as investors wait for OPEC meeting
MarketWatch
Bull markets remain in charge for oil as the week starts, and investors get ready for an OPEC meeting later this week. Read the full story
OIL / COMMODITIES / ENERGY
Gold prices dip as Asian stocks gain, but Trump worries support
Gold prices edged lower as Asian stocks gained, although political worries surrounding U.S. President Donald Trump are expected to support prices.
Read more: http://www.cnbc.com/id/
Gold tries to add to recent gains as dollar eases, stocks steady
MarketWatch
MarketWatch
Gold prices firmed Monday, looking to add to the their largest weekly gain since mid-April, as declines in the U.S. dollar index and seemingly stalled equities boosted demand for the metal. Read the full story
Oil price rises to $51 on expectations of extended, possibly deeper, output cut
Oil rose on Monday, bolstered by confidence that top exporters will agree this week to at least extend supply curbs and possibly deepen the cuts.
Read more: http://www.cnbc.com/id/
Oil prices climb as investors wait for OPEC meeting
MarketWatch
MarketWatch
Bull markets remain in charge for oil as the week starts, and investors get ready for an OPEC meeting later this week. Read the full story
BANKS / BANKING
Financial regulation: reign in the banks, or let the market work?
MarketWatch
A closer look at the two main competing visions—and what they mean for consumers, institutions and the economy Read the full story
Citigroup has the Lowest Price to Last Quarter Annualized Sales Ratio in the Diversified Banks Industry (C, BAC, WFC, JPM, USB)
SmarTrend News
Below are the three companies in the Diversified Banks industry with the lowest Price to Last Quarter Annualized (LQA) Sales ratios. Price/LQA Sales is a valuable metric used to... Read the full story
SmarTrend News
Below are the three companies in the Diversified Banks industry with the lowest Price to Last Quarter Annualized (LQA) Sales ratios. Price/LQA Sales is a valuable metric used to... Read the full story
BNP Paribas Said to Recruit Two Goldman Credit Traders in London
Bloomberg
BNP Paribas SA hired two credit traders from Goldman Sachs Group Inc. in London, according to people familiar with the matter. Robert Boeheim, who traded sterling corporate bonds at Goldman, will join the French lender and report to Uzoma Igboaka, the head of European investment-grade corporate credit trading, said one of the people, who aren’t authorized to talk about the moves and asked not to be identified. Eusta Qin, who focused on investment-grade financials at Goldman, will report to Read the full story
Barclays Said to Plot 100 Private-Banking Hires in Global Push
Bloomberg
Barclays Plc plans to recruit 100 staff for its private bank as Chief Executive Officer Jes Staley pushes to expand wealth management in key global hubs, according to a person familiar with the strategy. The bank is searching for relationship managers and administrative staff for the division serving its wealthiest clients, said the person, who asked not to be identified because the plans are private. The hires, first reported by Reuters, follow a decision to add 50 to 100 staff at the Read the full story
Singapore’s OCBC Bank starts private banking business in Indonesia
Singapore's second largest lender by assets OCBC said Monday its Indonesian subsidiary will start a private banking unit.
Read more: http://www.cnbc.com/id/
RBI likely to announce banking ordinance framework within 15 days
Livemint
New Delhi: The Reserve Bank of India (RBI) is likely to announce within a fortnight the guidelines to operationalise non-performing assets (NPA) ordinance so as to expedite the recovery of bad loans which have crossed Rs8 trillion. Read the full story
BANKS / BANKING
Financial regulation: reign in the banks, or let the market work?
MarketWatch
MarketWatch
A closer look at the two main competing visions—and what they mean for consumers, institutions and the economy Read the full story
Citigroup has the Lowest Price to Last Quarter Annualized Sales Ratio in the Diversified Banks Industry (C, BAC, WFC, JPM, USB)
SmarTrend News
SmarTrend News
Below are the three companies in the Diversified Banks industry with the lowest Price to Last Quarter Annualized (LQA) Sales ratios. Price/LQA Sales is a valuable metric used to... Read the full story
SmarTrend News
Below are the three companies in the Diversified Banks industry with the lowest Price to Last Quarter Annualized (LQA) Sales ratios. Price/LQA Sales is a valuable metric used to... Read the full story
BNP Paribas Said to Recruit Two Goldman Credit Traders in London
Bloomberg
Bloomberg
BNP Paribas SA hired two credit traders from Goldman Sachs Group Inc. in London, according to people familiar with the matter. Robert Boeheim, who traded sterling corporate bonds at Goldman, will join the French lender and report to Uzoma Igboaka, the head of European investment-grade corporate credit trading, said one of the people, who aren’t authorized to talk about the moves and asked not to be identified. Eusta Qin, who focused on investment-grade financials at Goldman, will report to Read the full story
Barclays Said to Plot 100 Private-Banking Hires in Global Push
Bloomberg
Bloomberg
Barclays Plc plans to recruit 100 staff for its private bank as Chief Executive Officer Jes Staley pushes to expand wealth management in key global hubs, according to a person familiar with the strategy. The bank is searching for relationship managers and administrative staff for the division serving its wealthiest clients, said the person, who asked not to be identified because the plans are private. The hires, first reported by Reuters, follow a decision to add 50 to 100 staff at the Read the full story
Singapore’s OCBC Bank starts private banking business in Indonesia
Singapore's second largest lender by assets OCBC said Monday its Indonesian subsidiary will start a private banking unit.
Read more: http://www.cnbc.com/id/
RBI likely to announce banking ordinance framework within 15 days
Livemint
New Delhi: The Reserve Bank of India (RBI) is likely to announce within a fortnight the guidelines to operationalise non-performing assets (NPA) ordinance so as to expedite the recovery of bad loans which have crossed Rs8 trillion. Read the full story
TREASURIES/ BONDS/ STOCKS
Week ahead: Is the market selloff really over? Plus, Trump is making deals in the Middle East & more
CNBC
Investors are watching a few key things this week: If the selloff is really over, how Trump's Middle East trip pans out, the budget battle back home and more. Read the full story
US Treasurys mixed as bond investors eye Fed speeches, US politics
U.S. government debt prices were relatively flat on Monday as President Donald Trump tours the Middle East on his first foreign trip.
Read more: http://www.cnbc.com/id/
U.S. stocks set for tepid advance, as investors watch for the next catalyst
MarketWatch
U.S. stocks are poised for modest gains Monday, as investors watch for the next catalyst for markets, looking to politics amid thin pickings in corporate news. Read the full story
Hedge funds pile into tech stocks as bullish bets surge to post-crisis highs
CNBC
Hedge funds poured into the biggest tech names and top consumer discretionary picks during the first quarter, according to research from Goldman Sachs. Read the full story
Stocks: The "Buy On The Dip" Party May Be Over
Investopedia
The aging bull market and Trump's multiple crises make buying on the dip a lot riskier Read the full story
TREASURIES/ BONDS/ STOCKS
Week ahead: Is the market selloff really over? Plus, Trump is making deals in the Middle East & more
CNBC
CNBC
Investors are watching a few key things this week: If the selloff is really over, how Trump's Middle East trip pans out, the budget battle back home and more. Read the full story
US Treasurys mixed as bond investors eye Fed speeches, US politics
U.S. government debt prices were relatively flat on Monday as President Donald Trump tours the Middle East on his first foreign trip.
Read more: http://www.cnbc.com/id/
U.S. stocks set for tepid advance, as investors watch for the next catalyst
MarketWatch
MarketWatch
U.S. stocks are poised for modest gains Monday, as investors watch for the next catalyst for markets, looking to politics amid thin pickings in corporate news. Read the full story
Hedge funds pile into tech stocks as bullish bets surge to post-crisis highs
CNBC
CNBC
Hedge funds poured into the biggest tech names and top consumer discretionary picks during the first quarter, according to research from Goldman Sachs. Read the full story
Stocks: The "Buy On The Dip" Party May Be Over
Investopedia
Investopedia
The aging bull market and Trump's multiple crises make buying on the dip a lot riskier Read the full story
CURRENCIES
The week in FX: further scandal sees the dollar get trumped
FX-MM
Nordine Naam, Senior Forex Analyst at Natixis, takes a look back at the last week in FX, and explains what traders should look out for in the coming days... Read the full story
Forex - Dollar gains in Asia as market shrugs off NKorea, pound downInvesting.com
© Reuters. Dollar gains Read the full story
Forex - Euro hits fresh 6-month highs, dollar index erases gainsInvesting.com
© Reuters. Euro hits fresh 6-month highs, dollar index erases gains Read the full story
Pound declines after shift in U.K. election polls; euro climbs
MarketWatch
The U.S. dollar moved higher against the pound Monday, with the British currency under pressure after a big lead by the Conservative Party in polls has been cut down heading into next month’s U.K. general election. Read the full story
The Russian ruble is rallying as oil climbs
Business Insider
The Russian ruble is rallying as oil prices climb ahead of OPEC's meeting in Vienna later this week. The petrocurrency was up by 0.4% at 56.6961 per dollar as of 7:55 a.m. ET. Brent crude oil, the international benchmark, was higher by 0.9% at $54.09 per barrel, while WTI crude oil, the US benchmark, was up by 1.0% at $51.16 per barrel. OPEC officials are meeting Thursday, and will be discussing whether to extend production cuts. As for the rest of the world, here's the scoreboard as of 8:04 a.m Read the full story
NZ dollar little changed ahead of FOMC
Scoop
May 22 (BusinessDesk) - The New Zealand dollar was little changed at the start of a quiet week for domestic economic data and the Federal Reserve's policy meeting is likely to be the main event ahead of an expected US rate hike next month. Read the full story
Rupee strengthens against US dollar in opening trade
Livemint
Mumbai: The Indian rupee on Monday strengthened against the US dollar in opening trade, tracking gains in the local equity markets. Read the full story
Bitcoin surges to all-time high above $2,100 as monster rally continuesInvesting.com
Bitcoin surges to all-time high above $2,100 Read the full story
CURRENCIES
The week in FX: further scandal sees the dollar get trumped
FX-MM
FX-MM
Nordine Naam, Senior Forex Analyst at Natixis, takes a look back at the last week in FX, and explains what traders should look out for in the coming days... Read the full story
Forex - Dollar gains in Asia as market shrugs off NKorea, pound downInvesting.com
© Reuters. Dollar gains Read the full story
Forex - Euro hits fresh 6-month highs, dollar index erases gainsInvesting.com
© Reuters. Euro hits fresh 6-month highs, dollar index erases gains Read the full story
Pound declines after shift in U.K. election polls; euro climbs
MarketWatch
MarketWatch
The U.S. dollar moved higher against the pound Monday, with the British currency under pressure after a big lead by the Conservative Party in polls has been cut down heading into next month’s U.K. general election. Read the full story
The Russian ruble is rallying as oil climbs
Business Insider
Business Insider
The Russian ruble is rallying as oil prices climb ahead of OPEC's meeting in Vienna later this week. The petrocurrency was up by 0.4% at 56.6961 per dollar as of 7:55 a.m. ET. Brent crude oil, the international benchmark, was higher by 0.9% at $54.09 per barrel, while WTI crude oil, the US benchmark, was up by 1.0% at $51.16 per barrel. OPEC officials are meeting Thursday, and will be discussing whether to extend production cuts. As for the rest of the world, here's the scoreboard as of 8:04 a.m Read the full story
NZ dollar little changed ahead of FOMC
Scoop
Scoop
May 22 (BusinessDesk) - The New Zealand dollar was little changed at the start of a quiet week for domestic economic data and the Federal Reserve's policy meeting is likely to be the main event ahead of an expected US rate hike next month. Read the full story
Rupee strengthens against US dollar in opening trade
Livemint
Livemint
Mumbai: The Indian rupee on Monday strengthened against the US dollar in opening trade, tracking gains in the local equity markets. Read the full story
Bitcoin surges to all-time high above $2,100 as monster rally continuesInvesting.com
Bitcoin surges to all-time high above $2,100 Read the full story
USA
German central bank warns Trump's tax reform would hurt U.S. economy in long run
MarketWatch
Germany's central bank on Monday said President Trump's tax plans may provide a short term boost but would likely hurt the U.S. economy and lead to a 30 percentage-point increase U.S. debt-to-gross domestic product ratio within a decade. The comments, published in the Bundesbank's monthly report, are a rare commentary by the German central bank specifically on U.S. economic policy. They come amid tensions between Berlin and the new U.S. administration over German trade surpluses. In a rough Read the full story
USA
German central bank warns Trump's tax reform would hurt U.S. economy in long run
MarketWatch
MarketWatch
Germany's central bank on Monday said President Trump's tax plans may provide a short term boost but would likely hurt the U.S. economy and lead to a 30 percentage-point increase U.S. debt-to-gross domestic product ratio within a decade. The comments, published in the Bundesbank's monthly report, are a rare commentary by the German central bank specifically on U.S. economic policy. They come amid tensions between Berlin and the new U.S. administration over German trade surpluses. In a rough Read the full story
While You Weren't Looking, Trump Basically Killed Dodd-Frank
HuffPost
HuffPost
WASHINGTON ― As the nation’s capital has been consumed by the frothing chaos of President Donald Trump’s administration — botched Muslim bans, sudden personnel changes and the chief executive’s erratic behavior — a steady current of traditional right-wing orthodoxy is sweeping through the federal government. Whatever happens with Russia or the FBI, this tide is washing away former President Barack Obama’s second-greatest legislative achievement: Wall Street reform. And it’s all ... Read the full story
EMERGING MARKETS
Emerging markets remain a good bet and are under-owned despite strong gains: Deutsche
CNBC
CNBC
Emerging markets have performed well and remain an enticing, and under-owned, owned asset class despite their strong earnings and attractive valuations, a major asset manager said. Read the full story
MIDDLE EAST
Iraq, Saudis in last-minute talks on duration of oil output cuts: WSJ
MarketWatch
MarketWatch
Saudi Arabian oil minister Khalid al-Falih flew to Baghdad on Monday in an effort to convince Iraq to go along with a nine-month extension of oil output curbs ahead of a meeting of the Organization of the Petroleum Exporting Countries later this week, The Wall Street Journal reported. OPEC officials say Iraq has supported extending the agreement for six months instead of the nine months sought by the Saudis, according to the report. "All producers agree on the idea of extending the deal but the Read the full story
National Oilwell, Saudi Aramco to form JV in Saudi Arabia to build rigs and equipment
MarketWatch
MarketWatch
National Oilwell Varco Inc. said Monday it has signed a memorandum of understanding with Saudi Aramco to form a joint venture in Saudi Arabia to build land rigs, rig and drilling equipment and offer aftermarket services. The JV will also create a center to train Saudis to maintain and operate the drilling equipment produced by the venture. National Oilwell will own a 70% interest in the JV, with Saudi Aramco owning the rest. The JV will be supported by a commitment from the Saudi Aramco Nabors Read the full story
Trump arrives in Israel in search of 'the ultimate deal'
USA TODAY
USA TODAY
The two-day Israeli visit follows a speech to the Muslim world in Saudi Arabia. Read the full story
UAE bourses seen volatile amid low liquidity
Mubasher
Mubasher
By: Mahmoud Gamal Dubai – Mubasher: The UAE stock markets are expected to continue their fluctuations on Monday, amid the absence of catalysts and decline of liquidity, analysts told Mubasher. The Dubai Financial Market (DFM) closed Sunday in the … Read the full story
Iraq could make OPEC-led oil output cut extension difficult, RBC’s Croft says
CNBC
CNBC
Iraq is the country that could thwart Saudi Arabia's and Iran's wish to extend the oil production cut by a further nine months, says RBC's Helima Croft. Read the full story
A
FRICA
IMF offers three-pillared prescription for African growth
CDA News
CDA News
By Jeremy Gaunt LONDON (Reuters) – Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at […] Read the full story
East Africa: EPA - to Sign or Not to Sign? That Is the Question for EAC Partners
AllAfrica
AllAfrica
The European Union has conceded that removal of duties and taxes on goods traded with East African countries under the Economic Partnership Agreement will lead to loss of revenue. But it says these would be recovered through increased East African exports to Europe. A report by the EU on the impact of the EPA on the EAC dated February 2017, cautions that signing the contentious trade agreement by individual member states rather than as a bloc would undermine regional integration. Similar Read the full story
ASIA
Asia: Iran election results and possible OPEC agreement keep market sentiments buoyant
International Business Times, UK Edition
International Business Times, UK Edition
The Hang Seng and S&P/ASX registered the day's strongest gains of 0.94% and 0.76%, respectively Read the full story
China's wild futures trading is opening up a major opportunity for exchanges abroad
CNBC
CNBC
Chaotic trade in Chinese commodity futures is offering new opportunities for international exchanges that are trying to get raw material traders to manage their risks. Read the full story
EUROPE
Euro bounces after Merkel points to impact on Germany
The euro surged on Monday after Angela Merkel pointed to a weak euro and extremely loose monetary policy as causes of Germany's large trade surplus.
Read more: http://www.cnbc.com/id/
Merkel bid to control Euro: Angela pushes for GERMAN to replace Draghi as ECB President
Express
GERMANY will make a play to push one of their own to the top of the European Central Bank, it has been claimed. Angela Merkel, the nation's chancellor and finance minister Wolfgang Schaeuble, are planning to replace Italian Mario Draghi with Bundesbank President Jens Weidmann, reports suggest. Draghi's eight-year term is not up until the end of 2019, but German Spiegel magazine has reported the Chancellor and her europhile minister have demanded it is 'Germany's turn' to lead. Read the full story
EU Finalizes Brexit Position as U.K. Threatens to Quit Talks
Bloomberg
European Union ministers finalized their Brexit negotiating position a day after the U.K. threatened to quit talks on its departure unless the bloc drops its demands for a divorce payment as high as 100 billion euros ($112 billion). Governments of the 27 remaining nations approved their mandate for the EU’s chief negotiator Michel Barnier at a two-hour meeting in Brussels. The size of Britain’s exit bill, and which types of negotiations can begin before it is determined, has been a source of Read the full story
City boss warns EU that 'stupidly plundering' Brexit Britain will backfire on Brussels
Express
POWER-HUNGRY Eurocrats have been warned against trying to “stupidly plunder” the UK after Brexit by a City veteran. Michael Spencer weighed into Brussels threat of abandoning Britain after it leaves the bloc in the spring of 2019. Speaking to the BBC’s Today Programme, the founder of ICAP and former Conservative Party Treasurer, claimed the European Union had a vested interest in protecting London’s capability as a global financial centre. Read the full story
Greece demands debt relief from wary eurozone
Business Insider
Demonstrators took to the streets as Greek lawmakers fulfilled the eurozone's latest demands for painful reforms in a vote last week © AFP LOUISA GOULIAMAKI Brussels (AFP) - Under pressure from the IMF, eurozone finance ministers will consider major debt relief and fresh aid for Greece on Monday despite the deep reservations of bailout-weary Germany. Ministers from the 19-member single currency bloc must confront the sensitive topic at talks in Brussels after Greek lawmakers fulfilled the Read the full story
EUROPE
Euro bounces after Merkel points to impact on Germany
The euro surged on Monday after Angela Merkel pointed to a weak euro and extremely loose monetary policy as causes of Germany's large trade surplus.
Read more: http://www.cnbc.com/id/
Merkel bid to control Euro: Angela pushes for GERMAN to replace Draghi as ECB President
Express
Express
GERMANY will make a play to push one of their own to the top of the European Central Bank, it has been claimed. Angela Merkel, the nation's chancellor and finance minister Wolfgang Schaeuble, are planning to replace Italian Mario Draghi with Bundesbank President Jens Weidmann, reports suggest. Draghi's eight-year term is not up until the end of 2019, but German Spiegel magazine has reported the Chancellor and her europhile minister have demanded it is 'Germany's turn' to lead. Read the full story
EU Finalizes Brexit Position as U.K. Threatens to Quit Talks
Bloomberg
Bloomberg
European Union ministers finalized their Brexit negotiating position a day after the U.K. threatened to quit talks on its departure unless the bloc drops its demands for a divorce payment as high as 100 billion euros ($112 billion). Governments of the 27 remaining nations approved their mandate for the EU’s chief negotiator Michel Barnier at a two-hour meeting in Brussels. The size of Britain’s exit bill, and which types of negotiations can begin before it is determined, has been a source of Read the full story
City boss warns EU that 'stupidly plundering' Brexit Britain will backfire on Brussels
Express
Express
POWER-HUNGRY Eurocrats have been warned against trying to “stupidly plunder” the UK after Brexit by a City veteran. Michael Spencer weighed into Brussels threat of abandoning Britain after it leaves the bloc in the spring of 2019. Speaking to the BBC’s Today Programme, the founder of ICAP and former Conservative Party Treasurer, claimed the European Union had a vested interest in protecting London’s capability as a global financial centre. Read the full story
Greece demands debt relief from wary eurozone
Business Insider
Business Insider
Demonstrators took to the streets as Greek lawmakers fulfilled the eurozone's latest demands for painful reforms in a vote last week © AFP LOUISA GOULIAMAKI Brussels (AFP) - Under pressure from the IMF, eurozone finance ministers will consider major debt relief and fresh aid for Greece on Monday despite the deep reservations of bailout-weary Germany. Ministers from the 19-member single currency bloc must confront the sensitive topic at talks in Brussels after Greek lawmakers fulfilled the Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Tuesday May 23, 2017 did update on the indicative rates Buy Rate 1182 and Sell Rate 1184
The currency auction is 154,598,421
There is one news and announcements for Tuesday, May 23,, 2017
Announcement regarding the commencement of payment of contractors' receivables received from the Ministry of Finance
2017/5/22
2017/5/22
ISX Update:
Value Traded
1,157,896,540
Shares Traded
2,034,139,684
ISX ended in Green
A parliamentary call to cancel employee payroll deductions
Baghdad - Journal News
The Committee "money" parliamentary, Monday, the possibility of canceling deductions from salaries of employees next year.
The Committee "money" parliamentary, Monday, the possibility of canceling deductions from salaries of employees next year.
MP Majida al-Tamimi, in a statement received by the Journal News, said that she called on Prime Minister Haider Abadi to cancel the financial deductions from salaries of state employees and rely on other alternatives, indicating that "the alternatives are state property, taxes and customs."
The statement quoted Tamimi as saying: "The issue of canceling these deductions from the salaries of employees can not be made this year because it entered within the articles of the state budget and was relied upon as public financial revenues."
The economic legislator, suggested the possibility of canceling the deductions mentioned next year, "if it was worked on in parliament and lifted from the articles of the general budget of the state," as described.
Kauaihn Chatter:
5-22-2017 Intel Guru RayRen98 The CBI and dealers started putting up notices that no dinar is leaving the country, mainly aimed at three zero notes. Fils and lower denominations were supposed to flow on Sunday. Did the lower denominations comes out? My best info tells me that lower denoms did come out in some provinces yesterday, but the plan is for them to gradually disperse throughout the week, wrapping up this coming weekend, at the edge of Ramadan. We have every expectation of this wrapping up by Ramadan, although I don’t have anything about being in the bank before Ramadan. Meanwhile we wait for the light to go green... I have the feeling we are super-super-close. [post 2 of 2]
5-22-2017 Intel Guru RayRen98 From across the pond, since last Friday...we got everything leading up to the public release of the RV. The information let us know something good is about to happen, and part of that should be today and every day the rest of this week, just based on the information. We know preparations were underway for celebrations last Saturday, and PM did send out a tweet about the liberation of Mosul in the past tense, and said that economic reforms were being initiated. We heard that all their goals had been accomplished in the west of Mosul... Right up through today...97% of Mosul is liberated – that’s public information. [post 1 of 2....stay tuned]
5-22-2017 Newshound Guru Breitling …these countries, they’re pulling their businesses together because they want western style bank accounts. It’s that simple. You have Iraq, Saudi Arabia and all these guys where the elite live like kings and everyone else is second rate citizens. And then they look at Dubai and Abu Dhabi and all these guys and they say, “how come we can’t have that? We’re doing the same thing. We’re following the same laws and worship the same God.”…they are going to put together a new economy. Guess what? You and I are right in the middle of it. Not only that but you can’t have access to the middle east unless you go through Iraq.
5-22-2017 Intel Guru Bluwolf ...both the GCR and RV's are imminent, there are no delays tactics, this is what is actual, anything else is just a fantasy.
5-22-2017 Intel Guru RayRen98 From across the pond, since last Friday...we got everything leading up to the public release of the RV. The information let us know something good is about to happen, and part of that should be today and every day the rest of this week, just based on the information. We know preparations were underway for celebrations last Saturday, and PM did send out a tweet about the liberation of Mosul in the past tense, and said that economic reforms were being initiated. We heard that all their goals had been accomplished in the west of Mosul... Right up through today...97% of Mosul is liberated – that’s public information. [post 1 of 2....stay tuned]
5-22-2017 Newshound Guru Breitling …these countries, they’re pulling their businesses together because they want western style bank accounts. It’s that simple. You have Iraq, Saudi Arabia and all these guys where the elite live like kings and everyone else is second rate citizens. And then they look at Dubai and Abu Dhabi and all these guys and they say, “how come we can’t have that? We’re doing the same thing. We’re following the same laws and worship the same God.”…they are going to put together a new economy. Guess what? You and I are right in the middle of it. Not only that but you can’t have access to the middle east unless you go through Iraq.
5-22-2017 Intel Guru Bluwolf ...both the GCR and RV's are imminent, there are no delays tactics, this is what is actual, anything else is just a fantasy.
5-22-2017 Newshound/Intel Guru Bluedog IMO...AS I SEE THINGS...IRAQ ARTICLES AND SEEING IRAQ TV CHANNELS THAT PUT THINGS IN PRINT ON THEIR SITES...FIRST I SEE AGRICULTURE IS NOT MEETING THE BUDGET...AND WE SEE THAT OPEC IS WORKING TO CUT PRODUCTION. AS YOU HAVE SEEN OIL PRICES RISING...SAUDIS TO VISIT IRAQ ENERGY MINISTER SOON...NOW IRAQ CAN PAY ALL THEIR DEBTS...COME ON...WELL GOT THAT FIGURED IN TO THIS HUH. TRUMPS VISIT WILL IMO TAKE CARE OF THIS TO BRING IRAQ BUDGET BACK TO ABUNDANCE...YOU SEE COUNTRY AFTER COUNTRY COMING IN TO SIGN DEALS WITH IRAQ. KUWAIT IS DROOLING OVER THE INVESTMENT PAYBACK.
5-22-2017 Newshound/Intel Guru Mnt Goat So when will all this occur? Of course this is the million dollar question...and no one is supposed to know or will know. This is due to wave off any potential speculators. But I will tell you this much. In the last two attempts (2013 and again in 2015) the CBI both times was given the “green light” by the GOI and this news was publicized in Iraqi news channels, thus we heard about it. This was done months prior to the intended action timeframe. So then when is this publicized news coming? We have not yet gotten this news. We have not yet gotten this news since the GOI has not yet told the CBI to go ahead. [post 3 of 3]
5-22-2017 Newshound/Intel Guru Mnt Goat So when will all this occur? Of course this is the million dollar question...and no one is supposed to know or will know. This is due to wave off any potential speculators. But I will tell you this much. In the last two attempts (2013 and again in 2015) the CBI both times was given the “green light” by the GOI and this news was publicized in Iraqi news channels, thus we heard about it. This was done months prior to the intended action timeframe. So then when is this publicized news coming? We have not yet gotten this news. We have not yet gotten this news since the GOI has not yet told the CBI to go ahead. [post 3 of 3]
5-22-2017 Newshound/Intel Guru Mnt Goat So what happens next after Mosul liberation is announced? I fully expect the GOI once again then to give the CBI the “green light” to go ahead to continue the “project to delete the zeros”. We all should know the process going forward once this occurs. The slow rolling out of the lower denominations as the initial rate change (or revaluation) occurs. I fully believe this initial rate will be just around 1:1 with the US dollar. This will then be lead to another more significant rate revaluation later. I do not believe it will take very long to get to this stage. I...have heard the ATM machines are loaded now with the new lower denominations. We don’t know which denominations at this time. The machines are not active as of yet. So this is a very good sign. [post 2 of 3....stay tuned]
5-22-2017 Newshound/Intel Guru Mnt Goat ...I was told that the final stages of the liberation of Mosul was very close at hand... So here is the “official” update on the liberation of Mosul effort: Quotes: "...The Iraqi president says he hopes the city of Mosul will be freed from control of the extremist group Islamic State "in the next few days." "...we have one neighborhood left to announce the final victory in Mosul." WOW! Just one more neighborhood! ...the latest news is that as of today 5/22 they have surrounded the last 450+ ISIS members and are about to close in on them... This may very well be all over by the end of today! [post 1 of 3....stay tuned]
5-22-2017 Newshound Guru Kaperoni Artile: "Experts: float the currency needs to be a productive economy and not Rieia (rentier)" Quote: "...to float the currency now in Iraq can not talk about that simple, as needed to advance measures...it could be done if the transformation of the Iraqi economy from a yield to productive..." This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar...and only once the market economy begins can they do so. So we continue to wait for Iraq to set the stage for investment. Pass the needed laws, get the dinar in compliance with the IMF, etc. to move to Article VIII. Only then will we see the dinar float and rise based on market forces. I am hopeful that yet this year we can see that happen.
5-22-2017 Newshound/Intel Guru Mnt Goat ...I was told that the final stages of the liberation of Mosul was very close at hand... So here is the “official” update on the liberation of Mosul effort: Quotes: "...The Iraqi president says he hopes the city of Mosul will be freed from control of the extremist group Islamic State "in the next few days." "...we have one neighborhood left to announce the final victory in Mosul." WOW! Just one more neighborhood! ...the latest news is that as of today 5/22 they have surrounded the last 450+ ISIS members and are about to close in on them... This may very well be all over by the end of today! [post 1 of 3....stay tuned]
5-22-2017 Newshound Guru Kaperoni Artile: "Experts: float the currency needs to be a productive economy and not Rieia (rentier)" Quote: "...to float the currency now in Iraq can not talk about that simple, as needed to advance measures...it could be done if the transformation of the Iraqi economy from a yield to productive..." This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar...and only once the market economy begins can they do so. So we continue to wait for Iraq to set the stage for investment. Pass the needed laws, get the dinar in compliance with the IMF, etc. to move to Article VIII. Only then will we see the dinar float and rise based on market forces. I am hopeful that yet this year we can see that happen.
5-22-2017 Newshound Guru Aggiedad77 Article: "Iraq confirms its ability to repay financial debt" IMO big news here...ability to repay debt...because of credit improvement...they are speaking here IMO about something we all are interested in...Because to see that credit rating improve...one ought to have something better than a Program Rate for this all to happen I would think...and there's talk here again about OIL PRICES pushing upward again...just what we want to hear and see...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Al-Abadi receives Saudi Minister of Energy, Industry and Mineral Resources
Prime Minister Dr. Haidar Al-Abbadi received on Monday in his office the Saudi Minister of Energy, Industry and Mineral Resources Khalid bin Abdul Aziz Al-Faleh and his accompanying delegation.
During the meeting, they discussed boosting bilateral cooperation in the fields of oil, industry, petrochemicals, electricity, minerals, trade and banks. Cooperation was also discussed to support OPEC oil prices.
Dr. Abadi stressed the importance of expanding bilateral cooperation at a steady pace for the benefit of the two countries, pointing out that cooperation among the countries of the region will lead to a comprehensive renaissance benefiting all.
Mr. Khalid Al-Falih conveyed the greetings of the King of Saudi Arabia and the officials in the Kingdom and their blessing for the achievement of Iraq's victories, pointing to the importance of Iraq's role in the region and the strenuous steps taken in all fields.
Mr. Al-Falih expressed the readiness of the Saudi companies to cooperate and invest in Iraq and the desire of the Saudi market to obtain Iraqi products.
Prime Minister's Media Office
22 May 2017
During the meeting, they discussed boosting bilateral cooperation in the fields of oil, industry, petrochemicals, electricity, minerals, trade and banks. Cooperation was also discussed to support OPEC oil prices.
Dr. Abadi stressed the importance of expanding bilateral cooperation at a steady pace for the benefit of the two countries, pointing out that cooperation among the countries of the region will lead to a comprehensive renaissance benefiting all.
Mr. Khalid Al-Falih conveyed the greetings of the King of Saudi Arabia and the officials in the Kingdom and their blessing for the achievement of Iraq's victories, pointing to the importance of Iraq's role in the region and the strenuous steps taken in all fields.
Mr. Al-Falih expressed the readiness of the Saudi companies to cooperate and invest in Iraq and the desire of the Saudi market to obtain Iraqi products.
Prime Minister's Media Office
22 May 2017
***************
ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Abadi receives the Foreign Minister of the State of Qatar
Prime Minister Dr. Haider Al-Abbadi received in his office Monday the Qatari Foreign Minister Sheikh Mohammed bin Abdul Rahman Al-Thani and his accompanying delegation.
During the meeting, they discussed enhancing the bilateral relations between the two countries and the situation in the region in the light of the challenges facing them, in addition to the war against gangs, which supports terrorism and the victories achieved.
"Our heroic forces are winning victorious gangs as we approach final victory. It is important that all countries cooperate to combat terrorism and its deviant ideology, because it represents a danger to the region and the world," he said.
Sheikh Mohammed stressed the importance of strengthening relations with Iraq and working together to face the challenges facing the region, pointing out his country's support for Iraq in its fight against terrorism.
Dr. Haider al-Abadi received an invitation from Qatar's emir Sheikh Tamim bin Hamad bin Khalifa al-Thani to visit Qatar.
During the meeting, they discussed enhancing the bilateral relations between the two countries and the situation in the region in the light of the challenges facing them, in addition to the war against gangs, which supports terrorism and the victories achieved.
"Our heroic forces are winning victorious gangs as we approach final victory. It is important that all countries cooperate to combat terrorism and its deviant ideology, because it represents a danger to the region and the world," he said.
Sheikh Mohammed stressed the importance of strengthening relations with Iraq and working together to face the challenges facing the region, pointing out his country's support for Iraq in its fight against terrorism.
Dr. Haider al-Abadi received an invitation from Qatar's emir Sheikh Tamim bin Hamad bin Khalifa al-Thani to visit Qatar.
Prime Minister's Media Office
22 May 2017
22 May 2017
*************
ARTICLE 2
The House of Representatives today votes on the laws and read the amendment to the law of its elections
2017/5/23 11:17
[Ayna-Baghdad]
The House of Representatives will hold its regular session on Tuesday.
The House of Representatives will hold its regular session on Tuesday.
The agenda of the session includes "voting on the draft law on the reform of inmates and depositors, voting on the first amendment bill to the general amnesty law No. 27 of 2016, voting on a draft law to include the Judicial Institute to the Supreme Judicial Council and voting on the draft law amending the law of the Association of Accountants and Auditors, In principle the draft law on health insurance. "
The first reading of the draft law of the State Council, the first reading of the draft law of the first amendment to the law of elections of the Iraqi Council of Representatives No. 45 of 2013, the first reading of the proposed amendment to the Personal Status Law No. 188 of 1959, Courts are barred from hearing cases 17 of 2005. "
It also includes the presentation and discussion of the proposal to repeal the dissolved Revolution Command Council Resolution No. 100 of 2000 and to discuss and discuss the proposed amendment to the Law of Political Parties No. 36 of 2015, the general topic of discussion on the water problem in Iraq by MP Mahmoud Reza Amin and the quarterly activity report To the Finance Committee, the quarterly activity report of the Security and Defense Commission, and the quarterly activity report of the Parliamentary Culture and Information Committee. "
The first reading of the draft law of the State Council, the first reading of the draft law of the first amendment to the law of elections of the Iraqi Council of Representatives No. 45 of 2013, the first reading of the proposed amendment to the Personal Status Law No. 188 of 1959, Courts are barred from hearing cases 17 of 2005. "
It also includes the presentation and discussion of the proposal to repeal the dissolved Revolution Command Council Resolution No. 100 of 2000 and to discuss and discuss the proposed amendment to the Law of Political Parties No. 36 of 2015, the general topic of discussion on the water problem in Iraq by MP Mahmoud Reza Amin and the quarterly activity report To the Finance Committee, the quarterly activity report of the Security and Defense Commission, and the quarterly activity report of the Parliamentary Culture and Information Committee. "
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ARTICLE 3
The popular crowd liberates Kairouan by night-time operation
2017/5/23 8:54
[Ayna-Baghdad]
The Popular Popular Forces, the center of the Kairouan district west of Mosul, were freed from gangs of terrorist sympathizers.
The Popular Popular Forces, the center of the Kairouan district west of Mosul, were freed from gangs of terrorist sympathizers.
"The Popular Forces forces liberated Kairouan and all the surrounding villages and took control of the main road north and south of the area,
"He also controlled the popular crowd" on the airport of Thraya Karah south of the area and raised the Iraqi flag over the buildings. "
A mass media statement issued by Ayna received a copy of the release of the popular crowd in the Kairouan district in a nighttime operation that started at 10 pm yesterday and ended at 5 am today, "adding that" the crowd began to clear the district center and killed more than 14 terrorists. With support and support from the Iraqi Army Air Force. "
"He also controlled the popular crowd" on the airport of Thraya Karah south of the area and raised the Iraqi flag over the buildings. "
A mass media statement issued by Ayna received a copy of the release of the popular crowd in the Kairouan district in a nighttime operation that started at 10 pm yesterday and ended at 5 am today, "adding that" the crowd began to clear the district center and killed more than 14 terrorists. With support and support from the Iraqi Army Air Force. "
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ARTICLE 4
Targeting a line of "dashing" with a flare of rockets of hell west of Mosul
NINEWA, Iraq, May 23 (UPI) - Iraqi media reported on Tuesday that Iraqi forces targeted a rocket-propelled grenade in southern Kairouan district, west of Mosul.
"The rocket force of the 28th Brigade targeted a convoy of elements calling for rockets in the villages of Karqash and the Sultan south of Kairouan," the statement said, adding that "the bombing caused direct physical and human casualties in the ranks of the organization" without further details. AH
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ARTICLE 5
Air force kills three leaders of the Ansar in Anbar
2017/5/22 23:11
[Ayna - Baghdad]
Air force planes on Monday killed three guerrilla leaders in an air strike in al-Qaim in Anbar province.
Air force planes on Monday killed three guerrilla leaders in an air strike in al-Qaim in Anbar province.
The Defense Ministry said in a statement received by the agency of all Iraq [where] a copy of it today, that "the air force leadership was able to kill three leaders in the band Daash, an air strike carried out by the F16 aircraft, according to the orders issued by the Joint Operations Command in the western region [ ] ".
The statement pointed out that "the strike was carried out on the basis of accurate intelligence, targeting the first strike a gathering of these leaders, the bombing of their host is a one-storey house, including terrorists Abu Yahya and Hamoud Ali, nicknamed" Abu Osman, "the suicide bomber in the so-called The "Baghdad State" and Abu Laith al-Janabi, the Angmans official, and the goal was addressed and destroyed completely. "
"The Air Force Command carried out a number of air strikes on the basis of the information of the Directorate General of Intelligence and Security, in which it destroyed a weapons and ammunition depot and three headquarters used for meetings of gang leaders and the killing of other terrorist elements. "He said.
The statement pointed out that "the strike was carried out on the basis of accurate intelligence, targeting the first strike a gathering of these leaders, the bombing of their host is a one-storey house, including terrorists Abu Yahya and Hamoud Ali, nicknamed" Abu Osman, "the suicide bomber in the so-called The "Baghdad State" and Abu Laith al-Janabi, the Angmans official, and the goal was addressed and destroyed completely. "
"The Air Force Command carried out a number of air strikes on the basis of the information of the Directorate General of Intelligence and Security, in which it destroyed a weapons and ammunition depot and three headquarters used for meetings of gang leaders and the killing of other terrorist elements. "He said.
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ARTICLE 6
UNICEF warns of the loss of a full generation of Iraqi children
NEW YORK, May 22 (Reuters) - UNICEF warned on Monday that 3.5 million Iraqis were at risk of being recruited by armed groups because of their lack of education, causing the loss of a whole generation of children, noting that it appealed to donors to donate 32 million dollars Million dollars to fund its programs in support of education in Iraq during 2017, but received only half the funding required.
"Millions of Iraqi children lack education, which makes them vulnerable to recruitment by armed groups," the UN agency said in a statement. "Iraq's future and economic security and prosperity depend on increasing investment in education today."
"Although investing in the education sector in Iraq is expensive, not doing so will cost the nation much more in the future," she said.
"In the study of the" cost and benefits of education in Iraq "launched by the Iraqi Ministry of Education today with the support of UNICEF, the economic losses due to the great waste of money due to school dropout costs in the 2014-2015 school year were estimated at about $ 1 billion.
UNICEF warned that "the scarcity of investment and resources in education threatens the future of millions of Iraqi children, as 3.5 million Iraqi school-age children lack access to education, meaning they are more vulnerable to early marriage, child labor and recruitment by armed groups."
She pointed out that "half of the school buildings in Iraq need urgent reforms, noting that as children drop out of school, others drop in their school stages, noting that the low rates of educational achievement of children today means low-paying jobs in the future.
"Children in Iraq are suffering from periods of protracted conflict and without equal access to quality education, children are at risk and we are talking about the loss of a whole generation of children," said Gert Kabillieri, UNICEF regional director for the Middle East and North Africa.
"Investment in education fulfills a basic human right for every girl and child and is essential for the development and advancement of the country and is the best possible remedy against extremism."
A UNICEF report on "Child Poverty in Iraq" noted that one in five poor children had dropped out of school before completing primary school for economic reasons.
Children are the most affected by the continuing conflict and displacement in Iraq, where about 40 percent of displaced families suffer from poverty and about half of displaced children in Iraq are out of school. Children living in areas severely affected by violence in Iraq and more than Ninety percent of them do not attend school.
"All Iraqi children must have the resources they need to achieve their educational potential, whether it means new classrooms, accelerated education programs, skilled teachers or school supplies," says Capillieri.
UNICEF appealed to donors to donate $ 32 million to fund its education support programs in Iraq in 2017, but received only half the funding required. Finished
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ARTICLE 7
Excerpts from 5-22-2017 meeting of UN Secretary Council
Comments from Jan Kubis:
JÁN KUBIŠ, Special Representative of the Secretary-General and Head of the United Nations Assistance Mission for Iraq (UNAMI), said the days of the caliphate of Islamic State in Iraq and the Levant (ISIL/Da’esh) were “numbered” and the liberation of Mosul was imminent. The recent Ministerial Plenary for the Global Coalition Working to Defeat ISIS, held in Washington, D.C., in March, had been a reminder of the need for a dual focus on defeating Da’esh while working towards post-conflict security in Iraq. Calling for international support in that regard, he also recalled that the Secretary-General had recently received the long-awaited submission of the Iraqi Forces Coalition’s vision on a national settlement and that a recent Turkmen Forum held in Baghdad on 16 and 17 May had served as an inclusive forum for the sharing of visions of how to rebuild the country.
UNAMI continued to operate on the basis of a number of key principles, including respect for the Constitution, equal participation in the political process and rejection of terrorism and sectarianism, he said. National reconciliation could only succeed if it reflected the aspirations of the population, including women and youth, he said, adding that the imminent defeat of Da’esh must also provide an urgent impetus to address the needs of minorities, especially their ability to return to their homes. Indeed, the return of all internally displaced persons to areas liberated from Da’esh must be a top priority, he emphasized, expressing concern at continuing delays. Another major concern were growing allegations of disappearances in Anbar Province and elsewhere, which remained unresolved.
Urging Baghdad and Erbil to leverage their joint efforts against Da’esh and to address such issues as border disputes and building a “functional federation” based on partnership, he noted that senior officials in Kurdistan had recently announced their intention to hold a referendum on the region’s future later in 2017. They had indicated that their aim was to “show the world the will of the people” on the status of Kurdistan, rather than assert independence immediately, he noted. Meanwhile, Turkey’s Armed Forces maintained their relentless air attacks against PKK fighters, he said, citing Ankara’s declarations that they would continue in order to deny sanctuary to the PKK. The Prime Minster had deplored the attack, he added.
Noting that the overall rule of law remained weak, he said kidnapping was becoming an increasing problem, recalling that the National Intelligence Cell had met on 11 May to discuss the link between terrorism and organized crime, including kidnapping. The international community must vigorously pursue accountability for crimes committed by Da’esh in Iraq, he said. As for elections scheduled in 2017 and 2018, he said the elections for a new Parliament in April 2018 would be particularly important as a precursor of new Government structure.
Meanwhile, the issue of internally displaced persons remained critical, with some 700,000 people having fled their homes since mid-October, he noted. Hundreds of thousands of others remained in ISIL-controlled areas, suffering lack of food and water and often finding themselves caught in crossfire. He concluded by reporting on his recent visit to Kuwait, saying he had met with officials there on the issue of missing Kuwaiti nationals and property. They had voiced concern about the lack of progress on the ground, he said, urging the Government of Iraq promptly to fulfil its obligations under that file.
Comments from Iraq representative:
MOHAMMED SAHIB MEJID MARZOOQ (Iraq) said that, despite tight finances due to lower oil prices, his country had a comprehensive economic, social and security vision for the future. It included, among other things, restoring stability, security and basic services while enabling internally displaced persons to return to their homes. Respect for different religious, sectarian and ideological backgrounds formed the basis for reconciliation, he said, saying terrorist cells must never be allowed to re-emerge. Good neighbourly relations with other countries in the region was important as well, he said, emphasizing also the need to fight corruption and for State institutions not to become playgrounds for political intervention.
He said the Government acknowledged the sacrifices made by the army, local police, Peshmerga and tribal forces, with international coalition assistance, that had recovered most of Mosul while making the protection of civilians a priority. Various authorities in liberated areas were now working on a return to normalcy, including demining efforts, to allow internally displaced persons to return. He said Iraq called on the international community to participate in reconstruction and rehabilitation efforts, adding that the Government understood the nexus between sustainable development, peace and security with a goal to achieving the 2030 Agenda for Sustainable Development.
He went on to say that, on 25 April, Turkish forces — in clear and flagrant violation of Iraq’s sovereignty and good neighbourliness — violated Iraqi airspace and territory when they dropped more than 20 bombs in the north of his country, killing and wounding Peshmerga combatants. Iraq requested that the Council shoulder its legal and ethical responsibilities to prevent a recurrence of such violations and demand that Turkey withdraw its forces from Iraqi territory. In the same vein, he said Iraq urged other countries to develop strict legal norms to combat foreign terrorist fighters. He added that Iraq was studying different options in the global campaign to bring Da’esh to justice, including those concerning the gathering of evidence, without prejudice to the sovereignty and jurisdiction of its judiciary.
Turning to internally displaced persons, he said Iraq valued the efforts of UNAMI and other United Nations agencies and encouraged States to assist. The Iraqi Government was working to enhance its relation with Arab brotherly States, including the Syrian Government. It was committed as well to pursuing efforts with regard to missing Kuwaiti national archives and to pursue excavations for missing Kuwaiti nationals, based on new information from witnesses and documents.
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