No TNT Call Today so far
Word on the Street Friday 6/2/17:
Forex Rates:
| |
|
1,142.7000 | 1,141.1000 | 1,142.7000 | |
07:09 | |
| USD/VND | |
|
22,378.0000 | 22,351.0000 | 22,378.0000 | |
07:09 |
| USD/CNY | |
|
6.8213 | 6.8019 | 6.8165 | |
07:13 |
| USD/KWD | |
|
0.3033 | 0.3027 | 0.3030 | |
05:00 |
| GBP/USD | |
|
1.2895 | 1.2846 | 1.2887 | |
07:13 |
| USD/IRR | |
|
12,048.0000 | 12,048.0000 | 12,048.0000 | |
17:51 |
| USD/IDR | |
|
13,310.0000 | 13,288.0000 | 13,288.0000 | |
06:03 |
CNBC Link: http://www.cnbc.com/markets/
DC NY Iraq Articles:
Significant obstacles to the recovery of manufacturing industries in Iraq
The manufacturing industries in
Iraq suffer from great neglect, whether in government, private or even mixed
sectors, which led the specialists to demand that the government attach
importance to the vital sector and make it among the important sectors that can
generate large financial imports to the country.
"The manufacturing industries in
Iraq are almost negligently active in the government sector, while the private
sector suffers from a stoppage of more than 70 percent," the industrial expert
and former head of the Iraqi Federation of Industries, Hashim al-Atrakji, told
the Journal News on Thursday.
He added that "there are many
obstacles prevented the return of manufacturing industries in Iraq, as in the
past, including the security situation, which cast a shadow over the entire
joints of life in Iraq, in addition to the financial crisis suffocating the
country and accompanied by austerity in the disbursement of funds allocated to
projects.
He stressed that "the security
situation in some Iraqi provinces has made it difficult to obtain raw materials
entering the manufacturing industry, including the desert of Anbar, which is
currently controlled by terrorist organizations, where in the past the sand is
invested in the extraction of glass.
He called for the support of the
Iraqi private sector, which has suffered neglect for more than twenty years, as
90 percent of Iraqi industries have stopped working and production since 1986 at
a time when Iraq depends on domestic industrial production by more than 85
percent.
One of the main obstacles facing
these industries in the Arab world is the absence of incentives, weak
institutional environment, disruption of the role of the private sector, low
efficiency of university education, vocational education,
Keywords: reconciliation conference will not attend the wanted to eliminate
The MP for a coalition of state
law on Alaq, Wednesday, that the National Reconciliation Conference to be held
inside Iraq should not participate wanted to the Iraqi judiciary.
"Any conference that is to be held
in Baghdad or any other region of the country must first be approved by the
Iraqi government and kept away from sectarian statements that do not serve the
country and do not include any personality required for the Iraqi judiciary,"
al-Aalak told the Journal News. Stressing that "national reconciliation will do
more after the liberation of the city of Mosul from the control of a
supporter."
He added that "the figures
required for the Iraqi judiciary is not allowed to attend and participate in
conferences held in Baghdad, so that speaks on behalf of national reconciliation
because the presence of any wanted for the judiciary is a challenge and this
will never happen."
Political sources said earlier
that a delegation from the European Peace Institute would arrive in Baghdad
soon, the official sponsor of talks with the prime minister to obtain approvals
for the organization of a conference for "national reconciliation" to be held
after the month of Ramadan.
Iraqi Interior Minister circulates new orders on arrests
Detecting cases of corruption in the mechanism of delivery and
distribution of salaries of employees of Nineveh
01-06-2017 12:55 PM
The Euphrates
-
The MP for the
province of Nineveh Ahmed Jubouri on the existence of corruption in the
mechanism of delivery and distribution of salaries of employees of the province
through banking companies, demanding the government and the Central Bank to open
government banks or financial transfer companies in the liberated areas to
address this serious phenomenon.
Jubouri said in
a press release seven months after the liberation of many areas of Nineveh
province and return to normal life, specifically in southern Mosul as well as
the left side is still corruption in the delivery and distribution of salaries
of employees through banking companies that take ten thousand dinars per million
dinars, , Noting that the salaries of the Directorate of Education Nineveh of 40
billion dinars, the company takes the amount of 400 million Iraqi dinars.
Stressing that this is the case for all ministries, not to mention the risk of distribution and transfer of funds from the Kurdistan region to the liberated areas of the province of Nineveh, as well as some companies to bypass the salaries of salaries and delay delivery or stolen in full, as happened in the salaries of health workers amounting to 12 billion dinars. Calling on the central government and the central bank to open government banks or financial transfer companies in the liberated areas to address this serious phenomenon
Stressing that this is the case for all ministries, not to mention the risk of distribution and transfer of funds from the Kurdistan region to the liberated areas of the province of Nineveh, as well as some companies to bypass the salaries of salaries and delay delivery or stolen in full, as happened in the salaries of health workers amounting to 12 billion dinars. Calling on the central government and the central bank to open government banks or financial transfer companies in the liberated areas to address this serious phenomenon
Communications: Iraq will soon see the launch of the fastest Internet in the world
Since 2017-06-01 at
12:19 (Baghdad time) Baghdad Mawazine News
The Ministry of Communications
announced that this year will see the launch of the national Internet project in
Iraq, through "the fastest network in the world," and at a lower cost.
"Less than a year after the date
of implementation and during a record period, the Ministry of Communications and
its contracting companies have successfully completed 93 percent of the optical
cable and cable project throughout Iraq, which will be reflected in the Internet
prices," ministry spokesman Hazem Mohammad Ali said in a statement. Available to
citizens in Iraq. "
"The network will be secured and
protected and owned by the Ministry of Communications, and supervised by the
Ministry and in coordination with the highest security authorities in Iraq, and
will have the optical cable gates of international access to protect data And
information entered and out and filtered to ensure the security of Iraq.
"
He pointed out that "the project
is a promising investment, will bring great financial resources to the State,
although the ministry did not bear the costs of the project, but the executing
companies bear all the costs for this project, noting that the Ministry reserves
the right to supervise and manage the entire joints of the national project of
the Internet in Iraq, The fastest network in the world, at a cost that is
significantly lower than the current cost. " .
Kauaihn Iraq Articles:
Washington withdraws from Paris climate agreement
Editorial Date: 2017/6/1 22:57 • 63 times read
(International:
The Euphrates News) US President Donald Trump announced Thursday, the withdrawal
of the United States from the Paris Climate Convention.
The Trump Declaration promises a
promise made during the presidential campaign.
Prior to Trump's announcement, news agencies quoted a White House document saying Trump would say the Paris Convention "disproportionately costs the American people".
Prior to Trump's announcement, news agencies quoted a White House document saying Trump would say the Paris Convention "disproportionately costs the American people".
Pentagon allocates $ 1.7 billion to train and equip Iraqi and Syrian forces
A Pentagon document has revealed
that $ 1 billion and $ 769 million will be allocated to train and equip Iraqi
and Syrian forces as part of the ministry's budget for 2018.
According to a document published
by the international media and followed by the «Journal News» Thursday evening,
the amount will be allocated from the budget of "foreign operations", amounting
to 64 billion.
According to the document, Iraq's
share of the billion and 269 million, and Syria 500 million.
The document pointed to the
training of more than 25 thousand militants in Syria to fight "Daash", while
will be trained five thousand others under the new budget.
In the training and processing
program in Syria, 393 million will be allocated for weapons and equipment,
including heavy weapons, such as anti-tank guns and rocket launchers.
Iraq and Iran sign agreement to fight dust and dust
Iraq and Iran have concluded an
executive agreement to plant land and find a training and research center to
deal with dust and dust between the two countries.
The agreement was signed in Tehran
in the presence of Undersecretary of the Iraqi Ministry of Health and
Environment Jassem Abdulaziz Hammadi and head of the Iranian Environment
Organization Masumah Ebtikar on Thursday.
Mohammad Mujabi, assistant
director of administrative development and legal affairs at the Iranian
Environment Agency, said the agreement constitutes an executive step to enforce
the memorandums of understanding between Iran and Iraq and came through
three-year negotiations.
He pointed out that the nature of
the training and research center to confront dust and dust in the outskirts of
Iraq, indicating that the Center will do its programs in cooperation with the
National Iranian Committee to combat dust and dust, and will adopt a
comprehensive approach in this regard.
For her part, the head of the
Iranian Environment Organization Masoumah Ebtikar said that the agreement will
enter into force in the next two months and that the financial resources for the
enforcement of the agreement and allocations have been identified jointly
between Iran and Iraq.
Iranian and French ambassadors emphasize the need to support Iraq
http://translate.
Baghdad, June 1 (RIA Novosti) - The ambassadors of the Islamic Republic of Iran and France in Baghdad on Thursday stressed the need for joint support for Iraq.
Iranian
Ambassador Irg Masjedi and French President Mark Pratti in Iraq confirmed at a
meeting today at the Iranian Embassy in Baghdad the need for continued joint
political and economic assistance by the two countries to Iraq.
The two ambassadors discussed the situation in Iraq and stressed the necessity of providing joint humanitarian assistance to Iraq.
This meeting took place on the occasion of the completion of the functions of Ambassador Mark Prati in Iraq and to deposit Ambassador Masjdi.
Ambassador Pratti is one of the ambassadors of France who have been in their diplomatic missions for 30 years in the Arab and Islamic countries. He is fluent in Arabic and has little Persian.
Finished
The two ambassadors discussed the situation in Iraq and stressed the necessity of providing joint humanitarian assistance to Iraq.
This meeting took place on the occasion of the completion of the functions of Ambassador Mark Prati in Iraq and to deposit Ambassador Masjdi.
Ambassador Pratti is one of the ambassadors of France who have been in their diplomatic missions for 30 years in the Arab and Islamic countries. He is fluent in Arabic and has little Persian.
Finished
The work of the
Petersburg International Economic Forum begins today
Release Date: 2017/6/1 10:13 • 59 times read
{International:
Euphrates News} The work of the "Petersburg International Economic Forum" will
begin on Thursday, with the participation of a group of politicians and
economists, where participants will discuss the problems of the global economy
and the growth of the Russian economy after the recession.
Russian President Vladimir Putin
will meet with India's Prime Minister Narendra Mudi at the three-day forum,
where the 18th Russian-Indian summit will be held.
UN Secretary-General Antonio Gutierrez will also take part in the forum, and senior officials such as Prime Minister Dmitry Medvedev and Foreign Minister Sergei Lavrov will attend the forum.
The Forum is being held this year under the theme "Looking for a new balance in the global economy". The Forum is a unique international event in the world of economics. Participants discuss key economic issues facing Russia and the world as a whole.
On the sidelines of the forum, Russia is expected to conclude a series of agreements and memorandums of cooperation, including 10 agreements worth 1.7 billion dollars to be signed by the Russian Direct Investment Fund, in addition to the Moscow and Riyadh declarations of new agreements for cooperation and joint action in various fields.
The economic forum has been held in Russia since 1997, and since 2006 the forum has been attended by President Putin on an annual basis. The economic forum is called the "Davos Russian Forum" thanks to its size and level of participants.
The economic forum includes 108 events in various fields, including the plenary session, the dialogue sessions, in addition to the effectiveness of the "round table" and television debate
UN Secretary-General Antonio Gutierrez will also take part in the forum, and senior officials such as Prime Minister Dmitry Medvedev and Foreign Minister Sergei Lavrov will attend the forum.
The Forum is being held this year under the theme "Looking for a new balance in the global economy". The Forum is a unique international event in the world of economics. Participants discuss key economic issues facing Russia and the world as a whole.
On the sidelines of the forum, Russia is expected to conclude a series of agreements and memorandums of cooperation, including 10 agreements worth 1.7 billion dollars to be signed by the Russian Direct Investment Fund, in addition to the Moscow and Riyadh declarations of new agreements for cooperation and joint action in various fields.
The economic forum has been held in Russia since 1997, and since 2006 the forum has been attended by President Putin on an annual basis. The economic forum is called the "Davos Russian Forum" thanks to its size and level of participants.
The economic forum includes 108 events in various fields, including the plenary session, the dialogue sessions, in addition to the effectiveness of the "round table" and television debate
Kauaihn Economic Times:
GLOBAL/NEWS/INFO
Week Ahead Preview: S&P 500, Oil,
Gold, Bonds, U.S. DollarInvesting.com
GLOBAL/NEWS/INFO
Week Ahead Preview: S&P 500, Oil,
Gold, Bonds, U.S. DollarInvesting.com
Economy
2017-05-29 06:25:00 by Chaim Siegel of Elazar Advisors, LLC S&P 500: Bullish
SPY Daily Economic Calendar This WeekTuesday: PCE Price Index Thursday: ADP
Employment Friday: Nonfarm Payrolls We only list three events this week because
this is all that matters to us, as we’ll explain. There is typically a ton of
noise and commentary on many economic numbers. Inflation and jobs is all the US
Fed really looks at. It just so happens that jobs and inflation are the core
drivers to stocks and Read the full story
Backdoor IRAs: Another way for high
earners to save on taxes in retirement
CNBC
By taking advantage
of the backdoor IRA strategy, high-income earners can have more tax-free funds
available in retirement. Read the full story
OIL / COMMODITIES / ENERGY
Backdoor IRAs: Another way for high
earners to save on taxes in retirement
CNBC
CNBC
By taking advantage
of the backdoor IRA strategy, high-income earners can have more tax-free funds
available in retirement. Read the full story
OIL / COMMODITIES / ENERGY
Oil Price Commentary: Back to
Reality
Oilpro
Oilpro
Last Week Oil Market Data: Last Week Crude Oil Price Movement: Oil prices
closed the week approximately 3 percent lower as the outcomes of OPEC’s meeting
last week were obviously less than what the market was expecting. It is obvious
that the oil market now realizes that OPEC’s output cut extension will not
change the deteriorating oil market fundamentals. The only thing it will do is
preventing the oil market from getting worse. Following the meeting, Brent crude
and WTI fell by approximately 5 Read the full story
Oil prices edge lower in Memorial Day
tradeInvesting.com
© Reuters. Oil edges lower
Read the full story
Last Week Oil Market Data: Last Week Crude Oil Price Movement: Oil prices
closed the week approximately 3 percent lower as the outcomes of OPEC’s meeting
last week were obviously less than what the market was expecting. It is obvious
that the oil market now realizes that OPEC’s output cut extension will not
change the deteriorating oil market fundamentals. The only thing it will do is
preventing the oil market from getting worse. Following the meeting, Brent crude
and WTI fell by approximately 5 Read the full story
Oil prices edge lower in Memorial Day
tradeInvesting.com
© Reuters. Oil edges lower
Read the full story
Global gold prices hold near four-week
highs, political tensions support
Livemint
Livemint
Bengaluru: Gold
prices held near their highest in four weeks on Monday after rising almost 1% in
the previous session, buoyed as geopolitical tensions boosted its safe-haven
appeal. Read the full story
BANKS / BANKING
If bad debt doesn't rise during hard
times, banks aren't doing enough, says central bank chief
CNBC
Deteriorating asset quality at Asian banks in a difficult post-crisis
environment must be viewed in perspective, Singapore's central bank chief said.
Read the full story
BANKS / BANKING
If bad debt doesn't rise during hard
times, banks aren't doing enough, says central bank chief
CNBC
CNBC
Deteriorating asset quality at Asian banks in a difficult post-crisis
environment must be viewed in perspective, Singapore's central bank chief said.
Read the full story
DebtX to sell $1 billion in loans for
FDIC from First NBC Bank
POST Online Media
POST Online Media
DebtX, a marketplace for loans, announced a $1 billion loan sale on
behalf of the Federal Deposit Insurance Corporation (FDIC) as receiver for First
NBC Bank of New Orleans. The transaction is one of the largest cash loan sales
executed by the FDIC in the past 10 years. The portfolio consists primarily of
Commercial & Industrial (C&I... Read the full story
DebtX, a marketplace for loans, announced a $1 billion loan sale on
behalf of the Federal Deposit Insurance Corporation (FDIC) as receiver for First
NBC Bank of New Orleans. The transaction is one of the largest cash loan sales
executed by the FDIC in the past 10 years. The portfolio consists primarily of
Commercial & Industrial (C&I... Read the full story
What did banks do with the huge influx
of cash during demonetisation?
Livemint
Livemint
As a result of the demonetisation of high-value currency notes in
November, people rushed to banks to deposit their money. What did the banks do
with this sudden influx of deposits? How did they deploy these funds? Read the full story
ECB waiting for new data but overall
extraordinary monetary policy needs to stay
CNBC
The European Central Bank is set to receive updated data when it meets
next month, but according to its president, it is not yet time to tighten
monetary policy. Read the full story
As a result of the demonetisation of high-value currency notes in
November, people rushed to banks to deposit their money. What did the banks do
with this sudden influx of deposits? How did they deploy these funds? Read the full story
ECB waiting for new data but overall
extraordinary monetary policy needs to stay
CNBC
CNBC
The European Central Bank is set to receive updated data when it meets
next month, but according to its president, it is not yet time to tighten
monetary policy. Read the full story
The People’s Bank of China is expanding
its toolkit
Business Insider UK
Business Insider UK
Global
central banks typically pursue two goals, maintaining low and stable prices
while also promoting growth or employment. In contrast, the People’s Bank of
China (PBoC) has several official and multiple unofficial goals, many of which
conflict. At present it faces daunting challenges, including balancing growth,
minimizing currency volatility, promoting economic stability, preventing asset
price bubbles, ensuring adequate market liquidity and deleveraging the financial
system. Further Read the full story
Global
central banks typically pursue two goals, maintaining low and stable prices
while also promoting growth or employment. In contrast, the People’s Bank of
China (PBoC) has several official and multiple unofficial goals, many of which
conflict. At present it faces daunting challenges, including balancing growth,
minimizing currency volatility, promoting economic stability, preventing asset
price bubbles, ensuring adequate market liquidity and deleveraging the financial
system. Further Read the full story
TREASURIES/ BONDS/
STOCKS
MARK YUSKO: 'The US is going to have a
crash and it will be massive'
Business Insider UK
“I’m telling you right now, the US is going to have a crash and it will
be massive,” asserted Mark Yusko at Mauldin Economics’ Strategic Investment
Conference. In his keynote speech, Mark Yusko, CIO of Morgan Creek Capital
Management, outlined where he sees the biggest opportunities and risks for
investors are today. Demographics Are Destiny Mark began with the big story of
the SIC 2017 — demographics. He believes that efforts to generate growth through
fiscal stimulus and tax cuts will prove Read the full story
European stocks trade lower as oil dips
and banks weigh; UK markets closed
CNBC
The oil price pulled
back slightly on Monday, weighing on investor sentiment. Read the full story
Global stocks mixed, dollar
steadyInvesting.com
Stock Markets May 29,
2017 08:04 GMT Investing.com - Global stocks mixed Monday in
holiday-thinned trade. U.S., U.K., Chinese markets closed. Nikkei 225 flat as
yen edges up vs. dollar after new North Korea missile test. Europe edges lower.
DAX off 0.10%, CAC 40 falls 0.30%. Euro edges lower at $1.17 mark. ECB chief
Mario Draghi due to speak. Sterling recovers above $1.28. Polls show
Conservative lead in U.K. election narrowing. Dollar index steady above 97 mark.
Gold edges lower. Oil still Read the full story
TREASURIES/ BONDS/
STOCKS
MARK YUSKO: 'The US is going to have a
crash and it will be massive'
Business Insider UK
Business Insider UK
“I’m telling you right now, the US is going to have a crash and it will
be massive,” asserted Mark Yusko at Mauldin Economics’ Strategic Investment
Conference. In his keynote speech, Mark Yusko, CIO of Morgan Creek Capital
Management, outlined where he sees the biggest opportunities and risks for
investors are today. Demographics Are Destiny Mark began with the big story of
the SIC 2017 — demographics. He believes that efforts to generate growth through
fiscal stimulus and tax cuts will prove Read the full story
European stocks trade lower as oil dips
and banks weigh; UK markets closed
CNBC
CNBC
The oil price pulled
back slightly on Monday, weighing on investor sentiment. Read the full story
Global stocks mixed, dollar
steadyInvesting.com
Stock Markets May 29,
2017 08:04 GMT Investing.com - Global stocks mixed Monday in
holiday-thinned trade. U.S., U.K., Chinese markets closed. Nikkei 225 flat as
yen edges up vs. dollar after new North Korea missile test. Europe edges lower.
DAX off 0.10%, CAC 40 falls 0.30%. Euro edges lower at $1.17 mark. ECB chief
Mario Draghi due to speak. Sterling recovers above $1.28. Polls show
Conservative lead in U.K. election narrowing. Dollar index steady above 97 mark.
Gold edges lower. Oil still Read the full story
CURRENCIES
Bitcoin correction sees nearly $4
billion wiped off value of the cryptocurrency as price falls
19%
CNBC
Bitcoin experts still see the price rallying after the correction.
Read the full story
Forex - Dollar flat, sterling higher in
holiday-thinned tradeInvesting.com
© Reuters. Dollar flat,
sterling higher in holiday-thinned trade Read the full story
Pound to euro exchange rate: Sterling
SOARS as Theresa May fights back in election polls
Express
POUND sterling has soared after a dismal week against the euro, after
fresh polls revealed Theresa May is extending her lead against Labour’s Jeremy
Corbyn. It’s been a disappointing week for the UK currency, but the sharp rise
in the exchange rate this morning could signal the end of the struggle. The
pound has jumped back to €1.15 after sinking to €1.14 on Friday. Read the full story
Pound rebounds after suffering biggest
loss in 4 months
MarketWatch
The pound moves firmly higher on Monday, rebounding after its worst loss
in four months logged last week on concerns that the upcoming general election
in the U.K. will be tighter than most people expected. Read the full story
NZ dollar gains vs Aussie as kiwi comes
back into favour
Scoop
May 29 (BusinessDesk) -
The New Zealand dollar rose against its Australian counterpart on speculation
that a relatively stronger domestic economy and lack of exposure to
international commodity prices such as iron ore favour the kiwi over the Aussie.
Read the full story
Rupee opens marginally weaker against
US dollar
Livemint
Mumbai: The Indian rupee
on Monday weakened marginally against the US dollar in the opening trade. The
rupee opened at 64.51 a dollar. At 9.15am, the rupee was trading at 64.50, down
0.11% from its Friday’s close of 64.45. Read the full story
CURRENCIES
Bitcoin correction sees nearly $4
billion wiped off value of the cryptocurrency as price falls
19%
CNBC
CNBC
Bitcoin experts still see the price rallying after the correction.
Read the full story
Forex - Dollar flat, sterling higher in
holiday-thinned tradeInvesting.com
© Reuters. Dollar flat,
sterling higher in holiday-thinned trade Read the full story
Pound to euro exchange rate: Sterling
SOARS as Theresa May fights back in election polls
Express
Express
POUND sterling has soared after a dismal week against the euro, after
fresh polls revealed Theresa May is extending her lead against Labour’s Jeremy
Corbyn. It’s been a disappointing week for the UK currency, but the sharp rise
in the exchange rate this morning could signal the end of the struggle. The
pound has jumped back to €1.15 after sinking to €1.14 on Friday. Read the full story
Pound rebounds after suffering biggest
loss in 4 months
MarketWatch
MarketWatch
The pound moves firmly higher on Monday, rebounding after its worst loss
in four months logged last week on concerns that the upcoming general election
in the U.K. will be tighter than most people expected. Read the full story
NZ dollar gains vs Aussie as kiwi comes
back into favour
Scoop
Scoop
May 29 (BusinessDesk) -
The New Zealand dollar rose against its Australian counterpart on speculation
that a relatively stronger domestic economy and lack of exposure to
international commodity prices such as iron ore favour the kiwi over the Aussie.
Read the full story
Rupee opens marginally weaker against
US dollar
Livemint
Livemint
Mumbai: The Indian rupee
on Monday weakened marginally against the US dollar in the opening trade. The
rupee opened at 64.51 a dollar. At 9.15am, the rupee was trading at 64.50, down
0.11% from its Friday’s close of 64.45. Read the full story
Yuan-dollar formula facing
change
POST Online Media
China plans to change a formula for forming the yuan-U.S. dollar central
parity rate, a move to ensure stable exchange rates at a time when global
financial markets remain beset by instability. Under China’s market-based,
managed floating exchange rate regime, the yuan can rise or fall by 2 percent
against the dollar fr... Read the full story
People's Bank of China plans
counter-cyclical tweaks to yuan parityInvesting.com
Yuan parity tweak
Read the full story
USA
Trump’s 'Home Run' Trip Leaves White
House Happy, Europe Mixed
Bloomberg
Yuan-dollar formula facing
change
POST Online Media
POST Online Media
China plans to change a formula for forming the yuan-U.S. dollar central
parity rate, a move to ensure stable exchange rates at a time when global
financial markets remain beset by instability. Under China’s market-based,
managed floating exchange rate regime, the yuan can rise or fall by 2 percent
against the dollar fr... Read the full story
People's Bank of China plans
counter-cyclical tweaks to yuan parityInvesting.com
Yuan parity tweak
Read the full story
USA
Trump’s 'Home Run' Trip Leaves White
House Happy, Europe Mixed
Bloomberg
Bloomberg
The world just
got its first close-up look at Donald Trump. It didn’t always like what it saw.
There he was pushing aside Montenegro’s prime minister to be front-and-center
for a NATO photo-op. Here he was beaming giddily next to a stern-faced pope. On
the same day, his wife Melania swatted away his attempt to hold hands. Trump
stands with Pope Francis during a meeting on May 24. In Saudi Arabia, one senior
White House official marveled at the lack of protesters, perhaps not realizing
Saudi bans Read the full story
America's government debt isn't a
problem right now, but that could change
Business Insider
UK
So the US is right in the early stages of a
rather dramatic upsurge in debt beyond all historical levels. (Keeping mind, of
course, that the above chart is based on projections about which there is a wide
range of uncertainty.) But is this chart, and what it represents, a problem? We
are certainly not in the middle of a debt crisis right now. Interest rates are
low, the US can easily make its debt payments, the debt is in dollars, and the
government has room to raise tax revenue. So here are two Read the full story
America's government debt isn't a
problem right now, but that could change
Business Insider UK
Business Insider UK
So the US is right in the early stages of a
rather dramatic upsurge in debt beyond all historical levels. (Keeping mind, of
course, that the above chart is based on projections about which there is a wide
range of uncertainty.) But is this chart, and what it represents, a problem? We
are certainly not in the middle of a debt crisis right now. Interest rates are
low, the US can easily make its debt payments, the debt is in dollars, and the
government has room to raise tax revenue. So here are two Read the full story
EMERGING
MARKETS
Fund manager Q&A: Emerging markets
funds
Denver Post
Denver Post
By Alex Veiga,
The Associated Press LOS ANGELES — Investors have been betting heavily on
emerging markets stocks this year, and the strategy appears to be paying off.
The MSCI Emerging Markets Investment Market Index, which covers securities
across developing nations, is up nearly 16 percent this year, according to
FactSet. Compare that with the Standard & Poor’s 500 index, which is up 7.2
percent. Fund investors are piling in. Through the first four months of this
year, net flows into emerging Read the full story
Enjoy risk? This fund targets the
fastest-growing firms in the fastest-growing markets
The Telegraph
The Telegraph
Emerging
markets have been one of this year’s investment success stories so far with
average gains of around 12pc for British investors, compared with 8pc from the
London stock market. Read the full story
Emerging markets aren't all created
equal
Business Insider UK
Business Insider UK
For most
investors, targeting foreign countries where there are high expectations for
growth is a useful strategy. After all, in the United States, Canada, and
Europe, economies are mostly growing at about 2% or less per year. And while
these developed markets are less risky to invest in, finding value can be
tricky. That’s why for many decades, investors have been allured by the fast
growth of far-off economies. In the 1950s and 1960s, Japan’s economy regularly
expanded at a 10%+ clip, and who Read the full story
MIDDLE
EAST
Moody's upgrades Abu Dhabi's outlook to
stable
POST Online Media
POST Online Media
Moody's has
changed the rating outlook on the government of Abu Dhabi to stable from
negative. At the same time, Moody's affirmed the long-term Aa2 issuer rating.
Moody's noted that the key drivers of the outlook change are effective policy
response to the low oil price environment through an acceleration in the
country's reform agenda; ex... Read the full story
UAE bourses suffer from thin liquidity
– Analysts
Mubasher
Mubasher
By: Mahmoud
Gamal Dubai – Mubasher: The UAE stock markets are suffering from weak turnover
in the recent period, amid absence of institutional investments and lack of
traders’ appetite, analysts told Mubasher. The bourses are witnessing weak and …
Read the full story
Mosul to be liberated by
June 10 - three years since ISIS took
over
Daily Mail
Daily Mail
Iraqi security
forces have claimed they will liberate the city of Mosul by June 10 - just under a fortnight. Military
progress has slowed as an unknown number of ISIS fighters defend the old city
area. Read the full story
Israel’s resilient economy can use a
tune-up
CNBC
CNBC
Despite a
successful high-tech industry, Israel suffers from high poverty levels and
inequality. Read the full story
A
FRICA
East Africa: How Tanzania, Uganda Plan
to Finance Pipeline
AllAfrica
AllAfrica
(Photo: Leadership)
Kampala Uganda, Tanzania and joint venture (JV) partners Tullow Oil Uganda,
Total E&P and Cnooc will be turning to international lenders to raise 70 per
cent of $3.5 billion (Sh7.7 trillion) capital expenditure for construction of
the proposed crude oil export pipeline from Hoima to Tanga. The remaining 30 per
cent capital, according to sources in Uganda's Energy ministry, will be raised
through equity by the JV partners and national oil companies of the two
countries - Read the full story
East Africa: EAC-Europe Trade Deal
Signing Put On Hold
AllAfrica
AllAfrica
(Photo: Daily Monitor)
East African heads of state have jointly agreed that the EAC members who have
not signed the European Union-EAC Economic Partnership Agreement (EPA) should
not do so pending clarification of contentious issues that have been highlighted
in the agreement. In a joint communique of the EAC Heads of Summit in Dar es
Salaam last weekend, the presidents said the new chair Ugandan President Yoweri
Museveni has been mandated to reach out to the EU within one month to
communicate Read the full story
East Africa: Summit of
Surprises
AllAfrica
AllAfrica
The long awaited meeting
of the East African Community Heads of State took place on 20 May. It
particularly led to the support for the position taken by Burundi against the
EU. Bujumbura was seething since the announcement of the summit of Heads of
State of the East African Community. Each one speculated on the outcome of this
meeting. Individuals had different expectations. Some were demanding embargo to
weaken the regime in place. The government was prepared to defend itself. In the
end, the Read the full
story
ASIA
Japan needs
‘bargaining leverage’ as U.S. likely to push for bilateral trade deal
The Japan Times
The Japan Times
Given U.S. President
Donald Trump’s calls for breaking down trade barriers and expanding American
exports as part of “fair” international commerce, his administration appears
likely ... Read the full story
EUROPE
EUROPE
Embarrassing blow for Macron as French
envoy admits banks WON'T abandon UK after Brexit
Express
Express
EMMANUEL Macron's
bid to snatch the UK’s financial institutions after Brexit has suffered an
embarrassing blow as his French envoy admitted the majority of companies would
not flee Britain. The French President has promised to overhaul the French tax
and regulations system in a bid to lure companies and institutions to make Paris
the next European power hub. However, speaking to BBC’s Today programme, Mr
Macron’s Brexit special envoy for financial issues predicted only 15 per cent of
companies Read the full story
Blessed and Highly Favored:
CBI
Update:
The CBI is closed on Friday and
Saturday
ISX
Update:
The ISX is closed on Friday and
Saturday
A member of the parliamentary finance warns of loss of confidence in the policy of the Central Bank
Release Date:
2017/6/1 22:46 • 58 times
read
(Baghdad: Al Furat News) warned member of the Finance
Committee parliamentary Rahim Darraji, the loss of confidence in the policy of
the Central Bank, under the procedures that are followed away from
transparency.
"There are procedures and policies in the central bank
called (classification of banks) have nothing to do with the law of the Central
Bank and the Banking Act," said Darraji, in a statement received by the agency
{Euphrates News}, a copy of it, "noting that" such instructions when issued away
from the regulatory authorities And what is only a policy far from transparency
and credibility. "
He added that "these actions caused problems that would impede the march of the Iraqi economy, which is undergoing great challenges," pointing out "the central bank's management to be vigilant and close the outlets of administrative and financial corruption, which has become spread without meaning and taste in all institutions of the state."
He continued: "Out of concern for the reputation of the Central Bank institution and do not want to be exposed to the policy of loss of confidence and wish instead of the classification of banks, which means {patronage and patronage} to upgrade the banking sector and some banks that have no role at the level of Iraqi society, whether participating in the auction of currency Which on the impact of this auction will bring significant effects to waste public money. "
He added that "these actions caused problems that would impede the march of the Iraqi economy, which is undergoing great challenges," pointing out "the central bank's management to be vigilant and close the outlets of administrative and financial corruption, which has become spread without meaning and taste in all institutions of the state."
He continued: "Out of concern for the reputation of the Central Bank institution and do not want to be exposed to the policy of loss of confidence and wish instead of the classification of banks, which means {patronage and patronage} to upgrade the banking sector and some banks that have no role at the level of Iraqi society, whether participating in the auction of currency Which on the impact of this auction will bring significant effects to waste public money. "
Kauaihn Chatter:
6-1-2017
Intel Guru ADMINBILL ...TO THOSE
THAT ARE PATIENTLY (SOME IMPATIENTLY) WAITING FOR THE CONTINUOUSLY ELUSIVE
RV/GCR? ANOTHER MONTH OF PROMISES HAS PASSED US BY YET WE REMAIN
STEADFAST IN OUR BELIEF WE WILL FINALLY SEE THIS END. PERHAPS THE NEXT FEW
DAYS WILL PROVIDE THE RESULT WE HAVE BEEN HOPING TO SEE FOR YEARS. THE
INFO IS GOOD BUT WE HAVE BEEN THERE BEFORE.
6-1-2017 Newshound Guru Phillyman Alot of articles hit starting
yesterday about IS getting ready for the final stand in the Old City the place
of that leaning minaret, the Great Mosque of al-Nuri. They are
coming up on the 3 yr anniversary of Abu Bakr al-Baghdadi declaring the
caliphate there. We are witnessing what will go down as a
celebrated and historic event in Iraqs history. We know they are
short on holidays and could certainly use another one. Does it mean
the end of IS in Iraq? Clearly it does not but it seems that the
Iraqis are seeing it as a turning point. Praying its over
soon.
6-1-2017 Newshound Guru Kaperoni [...is it better for Iraq to rebuild itself at the present rate or at a re- established rate?] ...at this point and time, it does not matter what the exchange rate is regarding rebuilding...since the primary source of revenue is oil sales (95%) which is paid in dollars. And since the dinar is not globally convertible, Iraq pays for goods in dollars. So in that sense they are on the same playing field we are on in the US when we pay for goods. The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting IMF Article VIII compliance. The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars.
6-1-2017 Newshound Guru Kaperoni [...is it better for Iraq to rebuild itself at the present rate or at a re- established rate?] ...at this point and time, it does not matter what the exchange rate is regarding rebuilding...since the primary source of revenue is oil sales (95%) which is paid in dollars. And since the dinar is not globally convertible, Iraq pays for goods in dollars. So in that sense they are on the same playing field we are on in the US when we pay for goods. The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting IMF Article VIII compliance. The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars.
6-1-2017 Intel/Newshound Guru Backdoc [...how does june the 8th look for things
to kick off?] NO SIR. NOW THAT COUNTRIES ARE
USING THEIR RATES COUNTRY TO COUNTRY SINCE MAY 15TH THEY NEED TO WORK THEIR
VALUES HIGHER AND HIGHER WITH CONTRACTS UNTIL THEY REACH THE DESIRED LAUNCH
VALUES. SOMETIME AFTER JULY 8TH, A SUNDAY GOING INTO A MONDAY ARE MY
THOUGHTS. I LOOK FOR MOSUL ANNOUNCEMENT BETWEEN JUNE 10TH TO 15TH.
THESE ARE JUST SOME THOUGHTS.
6-1-2017 Newshound Guru mike Article: "The Iraqi delegation begins its negotiations today with the International Monetary Fund" The IMF has always been focused on maintaining the peg while Iraq navigates the way towards an open market economy with legislative support to bolster it. ...the last paragraph tells us that Iraq is receiving $3 billion dollars from Cash Box International and the only ones giving Iraq $3 billion is the IMF, so that's who Cash Box Int'l is. And, the IMF has told Iraq repeatedly at the IMF Article IV consultations that Iraq will maintain the peg and not float. There is no real economy outside of oil and the IMF have told Iraq that if they moved to a float the value would drop and negatively effect the common citizens of Iraq with a currency that has less purchasing power than it does on the peg. I don't see Iraq moving off the peg, this is a great article
6-1-2017 Newshound Guru mike Article: "The Iraqi delegation begins its negotiations today with the International Monetary Fund" The IMF has always been focused on maintaining the peg while Iraq navigates the way towards an open market economy with legislative support to bolster it. ...the last paragraph tells us that Iraq is receiving $3 billion dollars from Cash Box International and the only ones giving Iraq $3 billion is the IMF, so that's who Cash Box Int'l is. And, the IMF has told Iraq repeatedly at the IMF Article IV consultations that Iraq will maintain the peg and not float. There is no real economy outside of oil and the IMF have told Iraq that if they moved to a float the value would drop and negatively effect the common citizens of Iraq with a currency that has less purchasing power than it does on the peg. I don't see Iraq moving off the peg, this is a great article
6-1-2017 Newshound Guru Adam Montana [Can there be an RV without an HCL passing? and
conversely, can there be a passing of the HCL without an RV?]
In my very FIRM opinion -
NO.
6-1-2017 Newshound/Intel Guru Mnt Goat Whoever would have thought we would still be here without an RV at the end of May in the year 2017? So now we are hearing that the “official” announcement is being PLANNED for about mid June or around June 10th. Let’s wait and see how this all plays out. Please do not expect this date to be some trigger for an RV...let’s see what goodies the CBI brings us around this time. I fully expect them to begin their re-education campaign for currency reform/delete the zeros project and what they will do in the next phase of it. .
6-1-2017 Newshound/Intel Guru Mnt Goat Whoever would have thought we would still be here without an RV at the end of May in the year 2017? So now we are hearing that the “official” announcement is being PLANNED for about mid June or around June 10th. Let’s wait and see how this all plays out. Please do not expect this date to be some trigger for an RV...let’s see what goodies the CBI brings us around this time. I fully expect them to begin their re-education campaign for currency reform/delete the zeros project and what they will do in the next phase of it. .
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1 (from PM Abadi's website;
posted on both the Arabic and English sides)
Prime Minister Dr. Haider Abadi
receives the President of the Jordanian Football Federation
Prime Minister Dr. Haidar Al-Abbadi, Chairman of the Jordanian Football Association, received the President of the West Asian Union Prince Ali bin Al Hussein and his accompanying delegation.
During the meeting, they discussed the lifting of the ban on Iraqi football through the establishment of a friendly match between the Iraqi and Jordanian teams at the Basra Stadium and the importance of enhancing bilateral cooperation between the two countries.
Dr. Abadi stressed that the sport unites the Iraqis and the game today and lifting the embargo is a gesture of good and a security message to a new stage of bilateral relations, indicating that Iraq wants to create political, economic, trade and sports relations in various fields, and achieve common interests and keen on Arab communication.
Prince Ali praised the support of the Prime Minister for the sport sector and the importance of Iraq's return to its real role, pointing out that His Majesty King Abdullah bin Al Hussein stressed the importance of supporting Iraq.
Prime Minister 's Media Office
June 1, 2017
*************
ARTICLE 2
Aboul Gheit calls Jaafari and confirms the support of the Arab League for Iraq to confront terrorism
2017/6/2 8:44
[Ayna-Baghdad]
Foreign Minister Ibrahim al-Jaafari received a phone call from Arab League Secretary-General Ahmed Aboul Gheit to offer condolences to the Iraqi people on the Karrada bombings, the Martyrs Bridge and Hit.
Foreign Minister Ibrahim al-Jaafari received a phone call from Arab League Secretary-General Ahmed Aboul Gheit to offer condolences to the Iraqi people on the Karrada bombings, the Martyrs Bridge and Hit.
The two
sides discussed Iraq's security and security developments and the efforts of the
Iraqis and their victories in the war against the terrorists.
"The terrorist attacks target markets, schools, universities, hospitals, temples, mosques and churches, which are signs of refraction and defeat," he said, stressing "the insistence of concerted international efforts to confront the common terrorist challenge targeting the world." The Iraqis to liberate their lands, and to eliminate the gangs of a terrorist supporter soon. "
For his part, the Secretary-General of the League of Arab States condemned the recent bombings that affected innocent citizens in the areas of Karrada, Al-Shuhada Bridge and Hit, stressing the importance of cooperation and coordination among all Arab countries and the elimination of terrorism, stressing the Arab League stand by the Iraqi people in its war against gangs Calling for terrorism and achieving security and stability. "
"The terrorist attacks target markets, schools, universities, hospitals, temples, mosques and churches, which are signs of refraction and defeat," he said, stressing "the insistence of concerted international efforts to confront the common terrorist challenge targeting the world." The Iraqis to liberate their lands, and to eliminate the gangs of a terrorist supporter soon. "
For his part, the Secretary-General of the League of Arab States condemned the recent bombings that affected innocent citizens in the areas of Karrada, Al-Shuhada Bridge and Hit, stressing the importance of cooperation and coordination among all Arab countries and the elimination of terrorism, stressing the Arab League stand by the Iraqi people in its war against gangs Calling for terrorism and achieving security and stability. "
*************
ARTICLE 3
Jubouri arrived in Kuwait and discussed with his counterpart Al-Ghanim the development of relations between the two countries
2017/6/2 8:59
[Where - Continue]
Speaker Salim al-Jubouri and his accompanying delegation arrived in Kuwait on Thursday for a two-day visit.
Speaker Salim al-Jubouri and his accompanying delegation arrived in Kuwait on Thursday for a two-day visit.
Al-Jabouri was received at the airport by Kuwaiti
National Assembly Speaker Marzouq Ali Al-Ghanim, Deputy Parliamentary
Undersecretary Rakan Al-Nisf, Kuwaiti Ambassador to the Republic of Iraq Salim
Al-Zamanan, Iraqi Ambassador to Kuwait Alaa Al Hashemi and other
officials.
Jubouri and Al-Ghanmi discussed the bilateral relations between the two countries and means of enhancing them in various fields, especially those related to the parliamentary aspect.
The two sides also discussed a number of issues and issues of common concern in addition to the current political situation on the regional and international arenas.
After the meeting, al-Ghanim hosted a banquet in honor of al-Jubouri and his accompanying delegation.
Jubouri and Al-Ghanmi discussed the bilateral relations between the two countries and means of enhancing them in various fields, especially those related to the parliamentary aspect.
The two sides also discussed a number of issues and issues of common concern in addition to the current political situation on the regional and international arenas.
After the meeting, al-Ghanim hosted a banquet in honor of al-Jubouri and his accompanying delegation.
*************
ARTICLE 4
Iraqi aircraft destroys eight headquarters of Daash west of Mosul (details)
Ninewa - Iraq Press - June 2: Iraqi
aircraft F16 launched air strikes targeting the sites of the organization of
Daash west of the city of Mosul."According to information from the
intelligence cell of the command of operations" coming Yanino "/ Directorate
General of Intelligence and Security F-16 Iraqi aircraft air strikes resulted in
the following:1. Destruction of the headquarters of the Islamic police in the district of
Al-Baaj 2. Destruction of a square for the parking of the car bombs in the district of
Al-Baaj 3. Destruction of the headquarters of the assembly of the elements of the
callous in the area of Halabia
4. The destruction of the assembly of elements
calling in the district of Baaj
5. Destruction of a factory for the manufacture of explosive belts in the
village of Conseya in the district of Mahalabiya
6.Destruction of a weapons storehouse and a clinic in al - Mahaliyya
village . Destruction of the headquarters of al - Hesbah in Tal Afar
district . Destruction of a headquarters in the district of Tal Afar al - Orouba
neighborhood. Finished
*************
ARTICLE 5
The crowd liberates a border village and advances to a station of the most prominent supply lines calling across Syria
2017/6/2 11:44
[Ayna-Baghdad]
The Popular Popular Forces, the border village of Jair Gulvas, liberated western Al-Baaj district, west of Nineveh, and raised the Iraqi flag over its buildings.
The Popular Popular Forces, the border village of Jair Gulvas, liberated western Al-Baaj district, west of Nineveh, and raised the Iraqi flag over its buildings.
"The
Popular Popular Forces (UPDF) / 3rd Brigade advanced towards the village and the
border crossing point of Tal Safouk, which is considered to be one of the main
supply lines between Damascus and Iraq," the statement said.
*************
ARTICLE 6
The decision to ban wearing the niqab comes into force in Mosul
Nineveh - June 1 - The
implementation of the Iraqi forces' decision to ban wearing women's niqab in
public places in the liberated areas of Mosul began
today.
This is the first decision of
its kind in Iraq, and has been applied under the pretext of seeking to ensure
security and counter suicide attacks.
Police in Nineveh province
said that thanks to the ban, suicide bombers in disguise would not be able to
reach public places.
"The security forces have
already started to implement the decision and they have prevented women from
leaving their homes," said a Mosul police officer.
He pointed out that "Tribal
and religious parties tried to intervene to prevent the decision, because it
touches the community Mosuli, but the leadership informed them that the decision
issued by the higher authorities can not be
tolerated."
The implementation of the
decision has caused great anger among the residents, especially in the villages
of Mosul, whose women usually wore the niqab even before the Da'ash organization
entered Mosul, considering that this decision is similar to the decisions of the
organization to intervene in the freedom of the
people.
On the other hand, Iraqi forces imposed
restrictions on the use of motorcycles, which are usually used by militants to
launch attacks in liberated areas. Finished
*************
ARTICLE 7
International coalition: besieged besieged only 10 km in Mosul
2017/6/2 9:03
[Where - Continue]
BAGHDAD (Reuters) - The Iraqi-led coalition said Iraqi forces were approaching the last areas they control in Mosul, while Syrian forces are only a few kilometers from the city of Raqqa.
BAGHDAD (Reuters) - The Iraqi-led coalition said Iraqi forces were approaching the last areas they control in Mosul, while Syrian forces are only a few kilometers from the city of Raqqa.
"The remaining Daish fighters control
less than 10 square kilometers on the western side of
the city," coalition spokesman Ryan Dillon told reporters on
Thursday. (10 square kilometers = 3.86102 square
miles)
"The liberation of these final neighborhoods will be one of the most difficult battles the Iraqi forces are facing in their campaign to defeat a fanatic," he said.
Last week, the coalition launched 21 air strikes in support of Iraqi efforts in the city of Mosul and destroyed many of Da'ish's property, including 120 cars.
Dillon said Iraqi forces had set up safe corridors to drive civilians out of the city after "being forced and forced to enter the buildings, trapped in their use of evil-supporting tactics."
Meanwhile, in Syria, opposition forces regained control of about 350 square kilometers last week and are located three kilometers from the city of Raqqa from the north and east.
The spokesman confirmed that the coalition launched this week 59 air strikes to support the isolation of Raqqa.
"The liberation of these final neighborhoods will be one of the most difficult battles the Iraqi forces are facing in their campaign to defeat a fanatic," he said.
Last week, the coalition launched 21 air strikes in support of Iraqi efforts in the city of Mosul and destroyed many of Da'ish's property, including 120 cars.
Dillon said Iraqi forces had set up safe corridors to drive civilians out of the city after "being forced and forced to enter the buildings, trapped in their use of evil-supporting tactics."
Meanwhile, in Syria, opposition forces regained control of about 350 square kilometers last week and are located three kilometers from the city of Raqqa from the north and east.
The spokesman confirmed that the coalition launched this week 59 air strikes to support the isolation of Raqqa.
*************
ARTICLE 8
Erdogan: We plan to build a wall on our border with Iraq
2017/6/2 10:43
[Where - Continue]
Turkish President Recep Tayyip Erdogan said his country plans to build a wall along its border with Iraq and Iran, as is currently happening on the border with Syria.
Turkish President Recep Tayyip Erdogan said his country plans to build a wall along its border with Iraq and Iran, as is currently happening on the border with Syria.
Erdogan
said Turkey had so far completed the construction of a 650-kilometer wall along
the border with Syria. (650
kilometers = 403.891 miles)
Turkey began construction of the wall in 2014 to strengthen its security by preventing the infiltration of Kurdish fighters and militants of a pro-Syrian organization as well as refugees from Syria.
"We will do the same along the border with Iraq and in the appropriate areas on the border with Iran," Erdogan said.
Turkey began construction of the wall in 2014 to strengthen its security by preventing the infiltration of Kurdish fighters and militants of a pro-Syrian organization as well as refugees from Syria.
"We will do the same along the border with Iraq and in the appropriate areas on the border with Iran," Erdogan said.
*************
ARTICLE 9
Four million books will be printed at the Diyala Central Press in preparation for next year
BAGHDAD, June 1 (UPI) - The
Ministry of Education announced on Thursday that it has expanded its use of
local printing presses to include the rest of the
provinces.
"The contract came to increase
the outlets for the processing of textbooks for students, and because of the
advantage of this printing press of quality in the printing and speed in
implementation," adding that "the contract with the local presses facilitates
the processing of the Ministry of books in the best time as well as moving the
private sector and operation manpower".
She pointed out that "the
ministry continues its comprehensive plan for this year to provide school
curricula for students at the appropriate time and the contract with Diyala
Press will be an important addition to ensure the processing of directorates of
education in all governorates of Iraq." Ending
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