| Word on the Street Friday 6/9/17 |
Word on the Street Friday 6/9/17:
Forex Rates:
http://forex.tradingcharts.
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,146.0000 | 1,141.3000 | 1,146.0000 | | 07:10 |
| USD/VND | | | 22,416.0000 | 22,334.0000 | 22,416.0000 | | 07:10 |
| USD/CNY | | | 6.8068 | 6.7897 | 6.7954 | | 07:10 |
| USD/KWD | | | 0.3031 | 0.3027 | 0.3027 | | 01:30 |
| GBP/USD | | | 1.2797 | 1.2640 | 1.2731 | | 07:10 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,303.0000 | 13,282.0000 | 13,293.0000 | | 07:10 |
CNBC Link: http://www.cnbc.com/markets/
DC NY Iraq Articles:
The governor of Basra said in a press statement after a field tour to see the work done in the center of the province, that this project, specifically the secretion of (40) and (51), includes heavy water networks and rain, paving streets asphalt and sidewalks Almqrns.
"It will be completed in full before the Eid al-Fitr, and there are similar works witnessed by other areas in the center of Basra as well as districts and areas."
"The areas of the torch, the third and the rectangle in al-Hussein district will be completed within a month, while the area of five miles has been completed, in addition to other areas
More than 100 people were affected by this case, some sources added.
Baghdad rejects a referendum on the separation of Kurdistan
9/6/2017 Now - KUNA 1:51:01 PM
The Iraqi government on Friday rejected the referendum, which the Kurdistan region intends to hold for separation from Iraq, calling on officials in the province to abide by the provisions of the Constitution.
"The Iraqi government is based on the constitution as the legal and political reference in determining the relationship between the federal government and the Kurdistan region of Iraq, which is the basis in naming their respective powers," government spokesman Saad al-Hadithi said in a statement.
Al-Hadithi stressed that "any position or step taken by any party in Iraq must be based on the constitution and compatible with its contents and any decision on the future of Iraq, which is constitutionally defined as a democratic and federal one with full national sovereignty must take into account the relevant constitutional provisions."
He added that 'the future of Iraq is not exclusive to one party only, but it is an Iraqi decision and all Iraqis are interested in it and must be for all Iraqis talk about determining the future of their homeland'.
A number of large political parties in the Kurdistan region of Iraq on September 25, a date for a referendum on the secession of the province from Iraq, while the President of the province Massoud Barzani, the Electoral Commission in the region to take necessary to implement.
The referendum was rejected by an international rejection of the Turkish foreign ministry, which repeated the referendum as a "catastrophic mistake", stressing the importance of the territorial integrity of Iraq, while the US State Department expressed concern that the referendum would divert attention from fighting the so-called Islamic State Organization.
German Foreign Minister Ziegmar Gabriel said his country was concerned about the region's plans for the referendum, which could fuel tension in the region.
"The Iraqi government is based on the constitution as the legal and political reference in determining the relationship between the federal government and the Kurdistan region of Iraq, which is the basis in naming their respective powers," government spokesman Saad al-Hadithi said in a statement.
Al-Hadithi stressed that "any position or step taken by any party in Iraq must be based on the constitution and compatible with its contents and any decision on the future of Iraq, which is constitutionally defined as a democratic and federal one with full national sovereignty must take into account the relevant constitutional provisions."
He added that 'the future of Iraq is not exclusive to one party only, but it is an Iraqi decision and all Iraqis are interested in it and must be for all Iraqis talk about determining the future of their homeland'.
A number of large political parties in the Kurdistan region of Iraq on September 25, a date for a referendum on the secession of the province from Iraq, while the President of the province Massoud Barzani, the Electoral Commission in the region to take necessary to implement.
The referendum was rejected by an international rejection of the Turkish foreign ministry, which repeated the referendum as a "catastrophic mistake", stressing the importance of the territorial integrity of Iraq, while the US State Department expressed concern that the referendum would divert attention from fighting the so-called Islamic State Organization.
German Foreign Minister Ziegmar Gabriel said his country was concerned about the region's plans for the referendum, which could fuel tension in the region.
Governor of Basra promising the people of one of the regions of the province to complete a service project before Eid
Release date: 2017/6/8 11:49 • 76 times read
{Basra: Al-Furat News} Governor of Basra, Majid al-Nasrawi promised to complete the infrastructure project for the area of Kharbatliya before Eid al-Fitr.
The governor of Basra said in a press statement after a field tour to see the work done in the center of the province, that this project, specifically the secretion of (40) and (51), includes heavy water networks and rain, paving streets asphalt and sidewalks Almqrns.
"It will be completed in full before the Eid al-Fitr, and there are similar works witnessed by other areas in the center of Basra as well as districts and areas."
"The areas of the torch, the third and the rectangle in al-Hussein district will be completed within a month, while the area of five miles has been completed, in addition to other areas
Erbil defends its oil policies and its opponents begging Baghdad
The Kurdistan Democratic Party led by Massoud Barzani, the outgoing president of Kurdistan region, accused Kurdish parties opposed to his policies and government to seek to undermine the oil agreements signed by Arbil in violation of the Constitution and the law without reference to the federal government in Baghdad.
The Kurdistan Democratic MP, Islam Hussein Issa said in a statement to the «Journal News >> on Thursday that" the oil agreements held by the region based on a constitutional framework allows the Government of Kurdistan to make those agreements with the knowledge of the federal government, and also the management of old fields jointly between Baghdad and Erbil " .
He added: "There are opposition political parties and participation in the government opposed to the economic agreements that are made by Kurdistan, Tnkila Democratic Party," and noted that the memorandum of understanding that Arbil held recently with a Russian oil company, "is a constitutional and correct and does not suffer any irregularities.
The Kurdish parties, led by the Change Movement and the Islamic Group in a joint statement, called on the federal government in Baghdad to intervene immediately to prevent the Kurdish region from holding "suspicious" deals that waste oil wealth and harm the interests of the region and Iraq.
One billion dollars "disappeared" in Sulaimaniya province
Sulaimaniya/ Iraq TradeLink: A number of Kurdish citizens used to invest their money with two companies in Stock Exchange complained to the Kurdish Parliamentary office here complaining that these two companies "stole " about one billion dollars of their funds.
During the past period, reports that there is a Stock Exchange Office in Sulaimaniya province, where the citizens used to work with these two companies for investing their funds with them.
Reports said that the Stock Exchange Office, called Trader Center, is working from Sulaimaniya Palace Hotel for the last ten years, where it proved that has no permission to work or money exchange.
The second company was called Sulaimani Money, as reported.
Reports said that four Arabs and two Kurds were working in these two companies, but are under arrest with the Kurdish security forces for more than 100 days, but released on bail.
The reports said that the six people transferred 15 million dollars, but no one knows were the destination was.
Iraqi Najaf province to dig trench along Saudi borders
Najaf/ Iraq TradeLink: Najaf Provincial Security Commission disclosed that a suggestion was made to to dig a horizontal trench from Nikhaib area till Saudi borders near Ar Ar city to protect the city from terrorist intruders.
Observers believe that most of the intrusions come from the southern desert areas.
No other details were given.
No other details were given.
Kurdish smuggled oil reached to billions of dollars, MP
Baghdad/ Iraq TradeLink: Iraqi Parliamentary Integrity Commission disclosed that 27 billion dollars
of oil were smuggled by the Kurdish region.
Member of the Commission Amar Kadhim al-Shibli pointed that most of the smuggled oil are sold in Iran, Pakistan, Turkey and other countries without any financial addition to the Iraqi national budget.
He charged that these funds are put in personal bank accounts of some senior officials in the regi
No other details were given
Kauaihn Iraq Articles:
The head of the citizen's bloc calls on Bahr al-Uloum to urge the United Nations to increase its assistance to Iraq
Editorial Date: 2017/6/8 11:26 • 111 times read
(Baghdad: Al Furat News) The head of the citizen's parliamentary bloc, MP Hamid al-Khudari, appointed Ambassador Mohammed Hussein Bahr al-Uloum, a permanent representative of Iraq to the United Nations, replacing Ambassador Mohamed Ali al-Hakim, who was deputy secretary-general.
The head of the bloc said in a statement to his media office that he hoped that Ambassador Mohammed Bahr al-Ulum would contribute to this position in the most important international organization by conveying the concerns of Iraq to the UN organization and increasing the pace of its work in Iraq because we felt that he had a great experience and a great love for his country and his people.
"While congratulating Ambassador Bahr al-Ulum, we invite him to make Iraqi files available in the corridors of the United Nations and urge them to increase their assistance to Iraq in its fight against terrorism and its consequences," al-Khudari said.
Al-Khudari pointed out that "Iraq needs a UN stand with him and he is living an exceptional circumstance. There are prominent files in Iraq that need external support, especially the war on terror, support the Iraqi security forces and the popular crowd in their battle on behalf of the world. Iraq needs the UN organization is the file of the displaced, which needs an international stop to overcome the crisis, especially as the United Nations has considerable experience in dealing with this file, which has always called for international support.
The Foreign Ministry announced on Wednesday that Ambassador Mohammed Hussein Bahr al-Uloum was a permanent representative of Iraq to the United Nations, replacing Ambassador Mohamed Ali al-Hakim, who was deputy secretary-general.
The United Nations announced in April the appointment of UN Secretary-General Antonio Guterres as the permanent representative of Iraq to the United Nations, Ambassador Mohamed Ali al-Hakim, as his deputy and executive director of the United Nations Economic and Social Commission for Western Asia (ESCWA)
"While congratulating Ambassador Bahr al-Ulum, we invite him to make Iraqi files available in the corridors of the United Nations and urge them to increase their assistance to Iraq in its fight against terrorism and its consequences," al-Khudari said.
Al-Khudari pointed out that "Iraq needs a UN stand with him and he is living an exceptional circumstance. There are prominent files in Iraq that need external support, especially the war on terror, support the Iraqi security forces and the popular crowd in their battle on behalf of the world. Iraq needs the UN organization is the file of the displaced, which needs an international stop to overcome the crisis, especially as the United Nations has considerable experience in dealing with this file, which has always called for international support.
The Foreign Ministry announced on Wednesday that Ambassador Mohammed Hussein Bahr al-Uloum was a permanent representative of Iraq to the United Nations, replacing Ambassador Mohamed Ali al-Hakim, who was deputy secretary-general.
The United Nations announced in April the appointment of UN Secretary-General Antonio Guterres as the permanent representative of Iraq to the United Nations, Ambassador Mohamed Ali al-Hakim, as his deputy and executive director of the United Nations Economic and Social Commission for Western Asia (ESCWA)
Turkish "green light" for the Kurdistan "referendum"
The Kurdistan Islamic Union (KIU), one of the Kurdish parties, has revealed "assurances" given by Turkey to the Kurdistan Regional Government (KRG) in order to advance the process of "referendum" .
"The Kurdistan Regional Government has received assurances from the Turkish government not to interfere in the internal affairs of Kurdistan in the event of separation from Iraq," MP Jamal Ahmad Sidu told the New York News on Thursday.
On the frequent fears of Turkish rejection, he replied: "Turkey is continuing to build a wall along the Iraqi-Syrian border, and thus there will be a complete separation between the two countries."
The Kurds are using the issue of a "referendum" in which they seek to break away from Iraq as a squeeze and blackmail against the federal government in Baghdad, according to many officials and followers of the local shan.
The Kurdish MP pointed out that under this referendum, "will be followed important steps ahead," stressing that "the ruling political forces in Kurdistan, will determine later their participation in the parliamentary elections."
"The Kurdish people do not want to miss this opportunity," Seydou said, referring to the frenzied efforts by Kurdish political leaders to determine the fate of the Kurdistan region, which for many years has been almost completely independent of Baghdad.
It is hoped that the referendum will be held, in all areas that are different from the geography between Baghdad and the Kurdish region, which will include areas controlled by the Kurdish Peshmerga forces in the provinces of Nineveh, Kirkuk, Diyala and Salahuddin
Egypt export $8 m. in three months
Arbil/ Iraq TradeLink: Egyptian Commercial Representative Ahmed Antar disclosed that the
Kurdish imports from Egypt reached to eight million dollars during the past three months.
He pointed that the Kurdish markets are "promising" for Egyptian export.
The Kurdish region depends on 95% of its needs on imports which are expected to reach 20 billion dollars annually.
Russian Foreign Ministry spokeswoman Maria Zakharova said in a press conference Thursday that "the statements of leaders of the Kurdistan region of Iraq on a referendum on self-determination in September this year caught our attention," asserting that "Russia calls for support for the territorial integrity of Iraq and respect for and observance of the legitimate rights of all Ethnic groups and groups without conditions, and Kurds represent the largest of these groups. "
Russian diplomacy has underlined that Moscow must begin to resolve "all known problems in relations between the Kurdish authorities and the central government in Baghdad, including the issue of coexistence, through constructive negotiations."
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
GLOBAL/ NEWS/ INFO
:
Daymond John of ‘Shark Tank’ reveals 5 principles that can help anyone become a millionaire
The FUBU founder took a shoestring budget and created an urban streetwear brand worth $6 billion. Here's how he did it.
Read more: Daymond John of ‘Shark Tank’ reveals 5 principles that can help anyone become a millionaire
Daymond John of ‘Shark Tank’ reveals 5 principles that can help anyone become a millionaire
The FUBU founder took a shoestring budget and created an urban streetwear brand worth $6 billion. Here's how he did it.
Read more: Daymond John of ‘Shark Tank’ reveals 5 principles that can help anyone become a millionaire
Ready, set, go: Retirement advice protections are here
Reuters
Friday is the day, folks. Read the full story
Ready, set, go: Retirement advice protections are here
Reuters
Reuters
Friday is the day, folks. Read the full story
OIL/COMMODITIES/ENERGY
Gold slips as ECB leaves rates unchanged; UK goes to polls
Gold slipped on Thursday after the ECB's decision to leave rates unchanged.
Read more: http://www.cnbc.com/id/
Oil prices fall for second day as concern grows over supply
Oil prices fell to one-month lows on Thursday after an unexpected surge in U.S. inventories and more Nigerian crude hit the market.
Read more: http://www.cnbc.com/id/
Oil bounces back from worst day in 2 weeksInvesting.com
© Reuters. Oil bounces back from worst day in 2 weeks Read the full story
Crude oil’s biggest tumble since March shown in three charts
Livemint
Livemint
New York: Oil prices’s 5% tumble Wednesday, the biggest slide since March, followed government data that showed US crude and fuel stockpiles unexpectedly soaring at a time of year when they normally decline. Here are three charts showing what made oil bulls run scared. Read the full story
US solar market added more than two gigawatts in first quarter of 2017, new study shows
CNBC
CNBC
The solar market in the U.S. added just over two gigawatts of new photovoltaic capacity in the first quarter of 2017, according to new data. Read the full story
Here's how the Qatar rift could change the natural gas markets
CNBC
CNBC
Qatar's diplomatic crisis with its Middle Eastern neighbors may spur natural gas buyers to seek greater diversification in sourcing. Read the full story
BANKS / BANKING
QCB asks banks for daily reports on FX trading, data
Mubasher
Doha – Mubasher: The Qatar Central Bank (QCB) has asked commercial banks for detailed, daily reports about foreign exchange trading and other items, Reuters reported on Thursday, citing banking sources. The QCB’s demand for information also … Read the full story
BANKS / BANKING
QCB asks banks for daily reports on FX trading, data
Mubasher
Mubasher
Doha – Mubasher: The Qatar Central Bank (QCB) has asked commercial banks for detailed, daily reports about foreign exchange trading and other items, Reuters reported on Thursday, citing banking sources. The QCB’s demand for information also … Read the full story
ECB shuts door to further rate cuts
Reuters
The European Central Bank left its aggressive stimulus policy unchanged on Thursday, but closed the door to further rate cuts, as inflation remained below its target despite accelerating economic growth. Read the full story
Oppenheimer Holdings has the Lowest Revenue Per Employee in the Investment Banking & Brokerage Industry (OPY, SF, ITG, SCHW, RJF)
SmarTrend News
Below are the three companies in the Investment Banking & Brokerage industry with the lowest Revenue Per Employee (RPE). Analysts use RPE as a measure to compare the productivity... Read the full story
ECB shuts door to further rate cuts
Reuters
Reuters
The European Central Bank left its aggressive stimulus policy unchanged on Thursday, but closed the door to further rate cuts, as inflation remained below its target despite accelerating economic growth. Read the full story
Oppenheimer Holdings has the Lowest Revenue Per Employee in the Investment Banking & Brokerage Industry (OPY, SF, ITG, SCHW, RJF)
SmarTrend News
SmarTrend News
Below are the three companies in the Investment Banking & Brokerage industry with the lowest Revenue Per Employee (RPE). Analysts use RPE as a measure to compare the productivity... Read the full story
TREASURIES/ BONDS/ STOCKS
US Treasurys lower as investors eye UK election, Comey testimony
U.S. government debt prices edged lower on Thursday, as investors braced themselves for political news out of the U.S. and Europe.
Read more: http://www.cnbc.com/id/
Hedge funds are still trailing the market badly this year, except for the ones buying bitcoin
CNBC
Hedge funds on average returned just 3.5 percent this year through May, according to HFR. Read the full story
U.S. stock funds pull most cash in nearly four months
POST Online Media
U.S.-based stock funds are staging a comeback, attracting the most cash since February during the latest week, Investment Company Institute data showed. The funds brought in $14 billion in cash during the week ended May 31, with the result driven by strong demand for equity exchange-traded funds, according to the trade group. Stock mutual funds posted $1... Read the full story
TREASURIES/ BONDS/ STOCKS
US Treasurys lower as investors eye UK election, Comey testimony
U.S. government debt prices edged lower on Thursday, as investors braced themselves for political news out of the U.S. and Europe.
Read more: http://www.cnbc.com/id/
Hedge funds are still trailing the market badly this year, except for the ones buying bitcoin
CNBC
CNBC
Hedge funds on average returned just 3.5 percent this year through May, according to HFR. Read the full story
U.S. stock funds pull most cash in nearly four months
POST Online Media
POST Online Media
U.S.-based stock funds are staging a comeback, attracting the most cash since February during the latest week, Investment Company Institute data showed. The funds brought in $14 billion in cash during the week ended May 31, with the result driven by strong demand for equity exchange-traded funds, according to the trade group. Stock mutual funds posted $1... Read the full story
CURRENCIES
Forex - Dollar edges higher but remains near 7-month troughInvesting.com
© Reuters. Dollar gains some ground ahead of major global events Read the full story
Forex - Euro steady, sterling rises as markets brace for 'Triple Threat'Investing.com
© Reuters. Euro steady, sterling rises as markets brace for 'Triple Threat' Read the full story
Euro churns near 6-mo. high on view ECB to take small steps toward loose-policy reversal
MarketWatch
The euro slipped but still churned near six-month highs Thursday ahead of a European Central Bank announcement that was at one time strongly expected to pave the way for tighter policy down the road but now leaves markets uncertain. The ECB is just one likely market-mover on a Thursday that includes a U.K. election and the Capitol Hill appearance by former Federal Bureau of Investigation boss James Comey. Read the full story
Sterling stages rally as the City bets on Theresa May win
Evening Standard
The pound rallied earlier as the City bet on an election victory for Theresa May. Read the full story
Forex - Aussie steady after disappointing trade data, kiwi moves higherInvesting.com
© Reuters. Aussie little changed vs. greenback, kiwi higher in late trade Read the full story
CURRENCIES
Forex - Dollar edges higher but remains near 7-month troughInvesting.com
© Reuters. Dollar gains some ground ahead of major global events Read the full story
Forex - Euro steady, sterling rises as markets brace for 'Triple Threat'Investing.com
© Reuters. Euro steady, sterling rises as markets brace for 'Triple Threat' Read the full story
Euro churns near 6-mo. high on view ECB to take small steps toward loose-policy reversal
MarketWatch
MarketWatch
The euro slipped but still churned near six-month highs Thursday ahead of a European Central Bank announcement that was at one time strongly expected to pave the way for tighter policy down the road but now leaves markets uncertain. The ECB is just one likely market-mover on a Thursday that includes a U.K. election and the Capitol Hill appearance by former Federal Bureau of Investigation boss James Comey. Read the full story
Sterling stages rally as the City bets on Theresa May win
Evening Standard
Evening Standard
The pound rallied earlier as the City bet on an election victory for Theresa May. Read the full story
Forex - Aussie steady after disappointing trade data, kiwi moves higherInvesting.com
© Reuters. Aussie little changed vs. greenback, kiwi higher in late trade Read the full story
Antipodean Currencies Extends Rise As China Exports Rise Above Forecast
RTTNews
Antipodean currencies such as the Australian and the New Zealand dollars continued to be strong against their major counterparts in the Asian session on Thursday, after data showed that China's exports increased more than expected in May. Read the full story
Rupee weakens marginally against US dollar
Livemint
Mumbai: The Indian rupee on Thursday weakened marginally against the US dollar a day after Reserve Bank of India (RBI) kept key rates unchanged. Read the full story
Forex - Yen holds weaker after China trade data, risk events in focusInvesting.com
© Reuters. Yen weaker Read the full story
USA
Bill Gross warns U.S. market risk is at highest since 2008 crisis
MarketWatch
As stocks continue their inexorable march deeper into uncharted territory, yet another prominent investor has joined the chorus of experts warning of a catastrophic end to the market’s hot streak. Read the full story
Trump's approval rating is ahead of Bill Clinton's at the same stage
Daily Mail
President Donald Trump has been one of the least popular presidents in history during the first 140 days of his administration, but at least he can take solace in scoring higher than Bill Clinton. Read the full story
US world’s top oil and gas producer for fifth year in a row
Energy Voice
The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2016, according to figures released by the US Energy Information Administration (EIA). That means that the country has topped the table for the fifth year in a row. The country held on to top spot despite a decline in production for both petroleum and natural gas relative to their 2015 levels. The figures show that total petroleum and gas production was almost evenly split in the US and Russia. Read the full story
Antipodean Currencies Extends Rise As China Exports Rise Above Forecast
RTTNews
RTTNews
Antipodean currencies such as the Australian and the New Zealand dollars continued to be strong against their major counterparts in the Asian session on Thursday, after data showed that China's exports increased more than expected in May. Read the full story
Rupee weakens marginally against US dollar
Livemint
Livemint
Mumbai: The Indian rupee on Thursday weakened marginally against the US dollar a day after Reserve Bank of India (RBI) kept key rates unchanged. Read the full story
Forex - Yen holds weaker after China trade data, risk events in focusInvesting.com
© Reuters. Yen weaker Read the full story
USA
Bill Gross warns U.S. market risk is at highest since 2008 crisis
MarketWatch
MarketWatch
As stocks continue their inexorable march deeper into uncharted territory, yet another prominent investor has joined the chorus of experts warning of a catastrophic end to the market’s hot streak. Read the full story
Trump's approval rating is ahead of Bill Clinton's at the same stage
Daily Mail
Daily Mail
President Donald Trump has been one of the least popular presidents in history during the first 140 days of his administration, but at least he can take solace in scoring higher than Bill Clinton. Read the full story
US world’s top oil and gas producer for fifth year in a row
Energy Voice
Energy Voice
The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2016, according to figures released by the US Energy Information Administration (EIA). That means that the country has topped the table for the fifth year in a row. The country held on to top spot despite a decline in production for both petroleum and natural gas relative to their 2015 levels. The figures show that total petroleum and gas production was almost evenly split in the US and Russia. Read the full story
MORNING BRIEF: All eyes on Comey as ex-FBI head prepares to testify on hill
Fox News
Fox News
Former FBI Director James Comey's blockbuster testimony before a Senate panel Thursday has the potential to both arm President Trump's critics with new evidence he sought to thwart a federal investigation of his associates - and bolster his defenders' claims that he did not cross a legal line. Read the full story
Hawaii leads way, becomes first state in US to enact legislation aligning with Paris Agreement
CNBC
CNBC
Hawaii has become the first state in the U.S. to enact legislation implementing parts of the Paris Agreement. Read the full story
EMERGING MARKETS
Emerging markets are on the rise
Business Insider UK
Business Insider UK
That was then: Global investors underweight EM From 2011 to early 2016, EM economic growth, earnings and returns were under pressure. The headwinds for EM were significant, and included collapsing commodity prices, rapidly depreciating currencies and uncertainty surrounding economic growth in China. Investing in EM began to be thought of as merely a reach for yield, and expectations were that EM asset classes would continue to disappoint. Over time, investors significantly pared down their Read the full story
MIDDLE EAST
Kuwait steps up efforts to end Qatar blockade
the guardian
the guardian
Kuwaiti emir flies to Qatar as Donald Trump also intervenes for second time in Gulf diplomatic crisis Kuwait has stepped up its efforts to mediate an end to the economic and diplomatic blockade of Qatar as other Gulf States set out more detailed demands for how Qatar should end its alleged funding and harbouring of terrorism. Kuwait’s Sheikh Sabah Al Ahmad Al Sabah flew to Qatar on Wednesday night and was met at the airport by Qatar’s emir, Sheikh Tamim bin Hamad Al Thani. The Qatari foreign Read the full story
Qatar credit rating cut by S&P as currency hits 11-year low
The Independent
The Independent
Standard & Poor's downgraded Qatar's debt on Wednesday as the riyal currency fell to an 11-year low amid signs that portfolio investment funds were flowing out of the country because of Doha's diplomatic rift with other Arab states. Read the full story
Qatar Stock Market Witnesses Biggest Drop in 18 Months
Asharq Al-Awsat - English
Asharq Al-Awsat - English
From ASHARQ AL-AWSAT English. Riyadh – Qatar’s stock market has witnessed its biggest drop in 18 months, as the crisis between the country and … continue reading Qatar Stock Market Witnesses Biggest Drop in 18 Months Read the full story
UAE bourses likely to maintain gains amid liquidity recovery
Mubasher
Mubasher
By: Mahmoud Gamal Dubai – Mubasher: The UAE stock markets are expected to continue their rise on Thursday, amid the increase of liquidity along with investors’ tendency to increase their positions in some attractive stocks, analysts told Mubasher. … Read the full story
A
FRICA
Zimbabwe: 'Govt, U.S. to Improve Economic Relations'
AllAfrica
AllAfrica
Zimbabwe will continue to engage the United States with a view to improve economic relations which froze over two decades ago.Addressing journalists after meeting visiting Deputy Assistant Secretary in the Bureau of African Affairs in the United States State Department Carol O'Connell on Tuesday, Finance and Economic Development Minister Patrick Chinamasa said Zimbabwe continues to re-engage with the country. "We met and we discussed. The discussion was about the whole gamut of issues including Read the full story
ASIA
China economy boosted in May despite credit rating downgrading
Express
Express
CHINA reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property market. Concerns over China landed squarely back on global investors' radar after Moody's Investors Service downgraded its credit rating last month, saying it expects the country's financial strength will erode in coming years as growth slows and debt continues to rise. Read the full story
China reports surprise boost in exports but concerns remain over economy
The Independent
The Independent
China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property market. Read the full story
Backing for Iran is part of China’s balancing act, say analysts
EUROPE
Britain Votes as Narrowing Polls Indicate These Five Scenarios
Bloomberg
Polls are open and voting is underway in a U.K. election dominated by Brexit, austerity and in the closing phases, security. The first indications of the result will come at 10 p.m. London time, when broadcasters will release an exit poll. While such surveys have generally been accurate in the past, they are not precise and the final result will not be known until Friday morning. Prime Minister Theresa May called the snap election to grow her parliamentary majority and secure her Conservative Read the full story
EUROPE
Britain Votes as Narrowing Polls Indicate These Five Scenarios
Bloomberg
Bloomberg
Polls are open and voting is underway in a U.K. election dominated by Brexit, austerity and in the closing phases, security. The first indications of the result will come at 10 p.m. London time, when broadcasters will release an exit poll. While such surveys have generally been accurate in the past, they are not precise and the final result will not be known until Friday morning. Prime Minister Theresa May called the snap election to grow her parliamentary majority and secure her Conservative Read the full story
Theresa May, Despite U.K. Election Setback, Will Seek to Form a Government
Merkel Bolsters G-20 Unity Against Trump in Latin America Visit
Bloomberg
Angela Merkel is taking her campaign to buttress the global order against the disruptive presidency of Donald Trump to Latin America. The German chancellor starts a three-day trip to Argentina and Mexico on Thursday in a bid to shore up support for a Group of 20 agenda bent on supporting trade, protecting the climate and managing migration. The visit comes a month before Merkel hosts a G-20 leaders summit in Hamburg. After trying and failing to persuade the U.S. president to stand by the Paris Read the full story
European Central Bank leaves benchmark interest rate unchanged, as expected
CNBC
The European Central Bank (ECB) left its benchmark interest rate unchanged on Thursday. Read the full story
Merkel Bolsters G-20 Unity Against Trump in Latin America Visit
Bloomberg
Bloomberg
Angela Merkel is taking her campaign to buttress the global order against the disruptive presidency of Donald Trump to Latin America. The German chancellor starts a three-day trip to Argentina and Mexico on Thursday in a bid to shore up support for a Group of 20 agenda bent on supporting trade, protecting the climate and managing migration. The visit comes a month before Merkel hosts a G-20 leaders summit in Hamburg. After trying and failing to persuade the U.S. president to stand by the Paris Read the full story
European Central Bank leaves benchmark interest rate unchanged, as expected
CNBC
CNBC
The European Central Bank (ECB) left its benchmark interest rate unchanged on Thursday. Read the full story
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6-9-2017 Newshound Guru Adam Montana [...This does concern me as to how we could be safe in turning over our dinar to banks for proof of it being real.] Verifying the currency is as simple as using a De La Rue machine...
6-8-2017 Newshound/Intel Guru BGG Article: "The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency" This piece is RICH with detail... Quote: "...classification of Bank central banks involved in the window selling currency step very good and its monetary reform", stating that "the Central Bank has taken these actions in coordination with foreign experts and particularly from the United States of America..." And it's monetary reform as the phrasing seems to indicate they are in the middle of the process. Now.
6-8-2017 Intel Guru Frank26 IOO – what we are seeing with the auctions is impressive with the IMF because it was agreed upon. The CBI...IOO... is trying to get all of the auctions in by June 30th to END ALL AUCTIONS! The one thing we are waiting for is for them to LIFT the 3 ZEROS – which lifts the exchange rate qualifications (Chapter 8). The agreement, phase, step...has been done. [Guru] Delta says that on Iraqi TV…it’s all over the screen…the CBI and IMF meeting and what’s in it for the citizens. The meeting also said that the RESERVES were much higher than the IMF predicted. I’ll admit the monetary reform is taking a long-time, but it is coming! The IMF doesn’t want Iraq to make any mistakes BEFORE or AFTER. THIS COULD HAPPEN AT ANY MOMENT! Don’t see any more talk of postponement...do you?
6-8-2017 Intel/Newshound Guru tman23 [Some one feels the RV won't happen & the dollar will end up being Iraqs currency...] Iraq is not going to ever go to the USD...You can bank on that! A certain amount of pressure is now coming from Kurdistan and the referendum... Barzani wanted the 3 zero removed August 2014 and had some serious statements about it...Kurds want to get the show on the road (economy)...They are in dire straights! And by a recent article...The CBI branch in Erbil goes FULL CBI July 1st...and Sulaimayia to follow shortly after...
6-8-2017 Intel Guru Frank26 I told you...once you have Mosul...(we’ve already got Mosul)...you would start to see things happen at the speed of light...and now you are! From the 2nd to the 9th – we said that some BIG information would be coming out. THIS IS IT...and it’s only the 7th! Yes! They are talking about their EXCHANGE RATE! On Wednesday...they didn’t talk about their RATE...they talked about their EXCHANGE RATE...the EXCHANGE RATE POLICY! There is quite a difference. Free float? No they are not! They will have a Managed Float. High rate? No they are not! This was the talk of the town last year. Now they are talking like $1.20. The IMF is telling the world...once the reforms are implemented...they have some money (prior to the agreement)...that Iraq will get...WHEN they raise the value of their currency. That will trigger everything. [post 2 of 2]
6-8-2017 Intel Guru Frank26 They finally said something about the IMF meeting. ...the IMF and the CBI once agreed upon something. A 2nd review of the SBA in August... This meeting was ...IMO...not about the rate of the IQD. It was a report of the monetary reform to the IMF. The IMF is very proud of what Iraq has accomplished. The IMF tells every country what to do with their currency. They’ve now reached an agreement -- MOU (Memorandum of Understanding). The IMF appears to be happy...because this memorandum that was signed...the IMF no longer needs to tell Iraq what to do. Two of the three agreed to items were taken care of in December of last year. These 3 levels...Economic Reforms... Financial Reforms...Multi-Currency Policy. The last item (#3) was the POLICY of currency (international level). ...things are done for the economic and financial reforms. Iraq is ready to join the INTERNATIONAL theatre. [post 1 of 2....stay tuned]
6-8-2017 Intel Guru Frank26 IOO – what we are seeing with the auctions is impressive with the IMF because it was agreed upon. The CBI...IOO... is trying to get all of the auctions in by June 30th to END ALL AUCTIONS! The one thing we are waiting for is for them to LIFT the 3 ZEROS – which lifts the exchange rate qualifications (Chapter 8). The agreement, phase, step...has been done. [Guru] Delta says that on Iraqi TV…it’s all over the screen…the CBI and IMF meeting and what’s in it for the citizens. The meeting also said that the RESERVES were much higher than the IMF predicted. I’ll admit the monetary reform is taking a long-time, but it is coming! The IMF doesn’t want Iraq to make any mistakes BEFORE or AFTER. THIS COULD HAPPEN AT ANY MOMENT! Don’t see any more talk of postponement...do you?
6-8-2017 Intel/Newshound Guru tman23 [Some one feels the RV won't happen & the dollar will end up being Iraqs currency...] Iraq is not going to ever go to the USD...You can bank on that! A certain amount of pressure is now coming from Kurdistan and the referendum... Barzani wanted the 3 zero removed August 2014 and had some serious statements about it...Kurds want to get the show on the road (economy)...They are in dire straights! And by a recent article...The CBI branch in Erbil goes FULL CBI July 1st...and Sulaimayia to follow shortly after...
6-8-2017 Intel Guru Frank26 I told you...once you have Mosul...(we’ve already got Mosul)...you would start to see things happen at the speed of light...and now you are! From the 2nd to the 9th – we said that some BIG information would be coming out. THIS IS IT...and it’s only the 7th! Yes! They are talking about their EXCHANGE RATE! On Wednesday...they didn’t talk about their RATE...they talked about their EXCHANGE RATE...the EXCHANGE RATE POLICY! There is quite a difference. Free float? No they are not! They will have a Managed Float. High rate? No they are not! This was the talk of the town last year. Now they are talking like $1.20. The IMF is telling the world...once the reforms are implemented...they have some money (prior to the agreement)...that Iraq will get...WHEN they raise the value of their currency. That will trigger everything. [post 2 of 2]
6-8-2017 Intel Guru Frank26 They finally said something about the IMF meeting. ...the IMF and the CBI once agreed upon something. A 2nd review of the SBA in August... This meeting was ...IMO...not about the rate of the IQD. It was a report of the monetary reform to the IMF. The IMF is very proud of what Iraq has accomplished. The IMF tells every country what to do with their currency. They’ve now reached an agreement -- MOU (Memorandum of Understanding). The IMF appears to be happy...because this memorandum that was signed...the IMF no longer needs to tell Iraq what to do. Two of the three agreed to items were taken care of in December of last year. These 3 levels...Economic Reforms... Financial Reforms...Multi-Currency Policy. The last item (#3) was the POLICY of currency (international level). ...things are done for the economic and financial reforms. Iraq is ready to join the INTERNATIONAL theatre. [post 1 of 2....stay tuned]
6-8-2017 Newshound Guru mike Article: "Iraqi Central Bank sales of foreign currencies fell $7 million" Quote: "...the exchange rate was 1182 dinars per dollar at the auction held with the participation of 35 banks and 10 financial companies for the conversion." I still think the spread is too high... The stock markets and other institutions are showing 1240+ to $1, they haven't gotten the market rate low enough yet. We know from other articles that the spread is still 1240-$1 or more so I'm not thinking that the market rate has been lowered. ...I recognize the anomaly and wonder what it's implications are, but...I think it's just poor bookkeeping on the CBI's part. If the street rate had improved to around 1200-$1 the stock markets and other large financial institutions would report the same figures, but they're not. I know this isn't going to be a popular statement but Iraq still has a lot of work to do after Mosul and all of Anbar Province is liberated. The Kurdish deal and legislation for the open market economy are all objectives that have yet to be solved.
6-8-2017 Newshound Guru Adam Montana [...2 questions: First, is our current president's actions and intentions going to help the dinar RV....part B: did he buy any dinar that anyone knows of? SECOND: Help me understand why the Iraqi would RV when they know so many of us possess their money?] 1. Yes, I believe so. Part B - that's going to be speculation regardless, unless he personally announces it. 2. What we hold is insignificant to them. Yes, we will benefit... but they will benefit much, much more.
6-8-2017 Newshound Guru Adam Montana [...2 questions: First, is our current president's actions and intentions going to help the dinar RV....part B: did he buy any dinar that anyone knows of? SECOND: Help me understand why the Iraqi would RV when they know so many of us possess their money?] 1. Yes, I believe so. Part B - that's going to be speculation regardless, unless he personally announces it. 2. What we hold is insignificant to them. Yes, we will benefit... but they will benefit much, much more.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1-A (from PM Abadi's website, posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Abadi receives Mr. Pavel Jalal Talabani
Prime Minister Dr. Haider Al-Abbadi received in his office Thursday Mr. Pavel Jalal Talabani and his accompanying delegation.
During the meeting, they discussed the developments in the military operations in Mosul, the security and political situation, and the momentum of the victories to liberate the entire territory and coordination between the military units that contributed to defeating the enemy.
It was also stressed the importance of unity of the word and work to achieve the final victory over the supporter of the terrorist, and restore stability to the liberated areas.
Prime Minister 's Media Office
8 June 2017
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ARTICLE 1-B (from PM Abadi's website, posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Al-Abbadi received in his office Thursday the head of the UN Mission in Iraq, Jan Kubic.
During the meeting, they discussed the victories achieved by the terrorist and the contribution of the United Nations in the process of stabilizing liberated areas, in addition to the situation of the displaced.
Mr. Kubic praised the victories over terrorism, reiterated the United Nations support for Iraq in its war against gangs and other areas.
Prime Minister 's Media Office
8 June 2017
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ARTICLE 1-C (from PM Abadi's website, posted on both Arabic and English sides)
Prime Minister Dr. Haider Abadi receives the head of the EU mission in Iraq
Prime Minister Dr. Haider Al-Abbadi received in his office on Thursday the head of the European Union Mission, Mr. Patrick Simonet.
During the meeting, they discussed boosting cooperation between Iraq and EU countries in all fields, in addition to the war on gangs that support terrorism, the victories achieved on it, the restoration of stability of liberated areas and the reconstruction of the rest of the provinces.
The EU envoy renewed his support for Iraq in the fight against terrorism, unity and stability as well as the economic side and praised the government's steps in this area.
Prime Minister 's Media Office
8 June 2017
During the meeting, they discussed boosting cooperation between Iraq and EU countries in all fields, in addition to the war on gangs that support terrorism, the victories achieved on it, the restoration of stability of liberated areas and the reconstruction of the rest of the provinces.
The EU envoy renewed his support for Iraq in the fight against terrorism, unity and stability as well as the economic side and praised the government's steps in this area.
Prime Minister 's Media Office
8 June 2017
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ARTICLE 2
The destruction of three wheels of the "Dahesh" coming from Syria towards the outpost of Tel Safok
Nineveh - June 10: The HRC reported that the 1st Brigade's forces were repulsed by a bomb attack on the border post at Tel Safok, ending with the killing of all the attacking forces, including five "Ingushetians" from Syria.
"The forces of the first brigade in the popular crowd blew up three cars coming from Syria, which targeted the outpost (Tal Safok) border of Dahesh where it was killed, and killed five Angmans," noting that "Iraqi forces managed on 4 June to liberate The elimination of Al-Baaj completely from the control advocating a process of quality and a three-pronged axiom of an organized organization calling for large losses. " AH
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ARTICLE 3
>>>>> To repel the exposure of "Daash" and the detonation of three wheels, one of which is a booby-trapped on the Iraqi-Syrian border
>>>>> Control of the border strip and the international line towards al-Qaim and the killing of 34 Da'asia
>>>>> The closure of crossing points and infiltration of elements of the organization "calling" between Iraq and Syria and the killing of 10 militants
>>>>> Edit مخفر وقرية طل صفوق border and raise the flag over its buildings
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ARTICLE 4
The popular crowd is home to 80,000 families and 200,000 cattle heads west of Mosul
Release date: 2017/6/8 21:04 • 6 times read
[Ayna-Baghdad]
The leader of the popular crowd, Sami al-Masoudi, announced on Thursday the evacuation of 80 thousand families and 200 thousand head of cattle since the start of the operations of Muhammad Rasool Allah west of Mosul.
The leader of the popular crowd, Sami al-Masoudi, announced on Thursday the evacuation of 80 thousand families and 200 thousand head of cattle since the start of the operations of Muhammad Rasool Allah west of Mosul.
"The Popular Security Directorate has been able to evacuate 80,000 families from areas of fighting to safe areas since the liberation of the Kairouan region last month and until now," a statement issued by Al-Masoudi news agency said.
Massoudi added that "the popular crowd also managed to move 200 thousand head of cattle to safe areas," noting that "the Directorate of Logistics Support has made great efforts in this regard."
Massoudi added that "the popular crowd also managed to move 200 thousand head of cattle to safe areas," noting that "the Directorate of Logistics Support has made great efforts in this regard."
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ARTICLE 5
With the closure of airspace on Qatar .. Minister of Transport: Iraq's airspace open to everyone
2017/6/8 18:25
[Ayna-Baghdad]
The General Establishment of Civil Aviation announced on Thursday the preparation of the aircraft in Iraqi airspace, which amounted to 2450 aircraft for the period from April 27 to today.
The General Establishment of Civil Aviation announced on Thursday the preparation of the aircraft in Iraqi airspace, which amounted to 2450 aircraft for the period from April 27 to today.
"The Iraqi airspace is open to all international civil aircraft and all airlines wishing to cross their planes to the Iraqi airspace," said Minister of Transport Kazem Fangan, according to a statement by the ministry.
"The number of aircraft is increasing," he said, adding that "the airlines of neighboring countries prefer to use the Iraqi airspace to shorten the distances and time and to provide better service to its passengers."
"We are monitoring the numbers of aircraft transiting the Iraqi airspace by relying on the data entry statistic in the air control department of the Civil Aviation Authority."
The comments come as Qatar Airways has resorted to the Somali airspace to overcome the obstacles caused by the decision.
It is imperative that Qatar, before some countries close their airspace to them, find an outlet for their aircraft to gain access to the outside world, especially the European continent.
In this context, according to some media, citing experts specialized in air navigation, the first track is to fly over Iran then Iraq and Jordan to the Mediterranean Sea, and then access to various destinations away from the Arabian Gulf and Egypt and Libya, Traffic also through Iran and then Turkey and from there to various EU countries.
"The number of aircraft is increasing," he said, adding that "the airlines of neighboring countries prefer to use the Iraqi airspace to shorten the distances and time and to provide better service to its passengers."
"We are monitoring the numbers of aircraft transiting the Iraqi airspace by relying on the data entry statistic in the air control department of the Civil Aviation Authority."
The comments come as Qatar Airways has resorted to the Somali airspace to overcome the obstacles caused by the decision.
It is imperative that Qatar, before some countries close their airspace to them, find an outlet for their aircraft to gain access to the outside world, especially the European continent.
In this context, according to some media, citing experts specialized in air navigation, the first track is to fly over Iran then Iraq and Jordan to the Mediterranean Sea, and then access to various destinations away from the Arabian Gulf and Egypt and Libya, Traffic also through Iran and then Turkey and from there to various EU countries.
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ARTICLE 6
Al-Hamami: Next month will see the addition of Boeing 737s to our fleet
BAGHDAD, June 8 (KUNA) - Iraqi Minister of Transport Kazem Vajan Al-Yamami said on Thursday that "the new generation Boeing 737s will be added after receiving them to the Iraqi Air Fleet, noting that" Once in its history to pay the amounts of new aircraft without reference to the bank. "
Al-Yamami added that "the Iraqi pilots will lead the new aircraft from their factories to Baghdad, in the completion of the first in the history of Iraq." He pointed out that "the Boeing aircraft contracted by the General Company of Iraqi Airways of the new generation will arrive in July, The second meal will arrive in the next August, so joining the fleet of Iraqi Airways. "
He pointed out that "the Boeing 737 aircraft can accommodate 162 passengers and up to 5,440 kilometers," noting that "the Iraqi expertise and capabilities owned by Iraqi Airways are able to assume the responsibility entrusted to them to upgrade the reality of services Introduction to Travelers ". AH
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ARTICLE 7
Tips to avoid the emergence of abdomen in Ramadan
BAGHDAD, June 8 (UPI) - The problem of belly bulging is a problem that may threaten many health problems, so the following tips should be used to get rid of the accumulated fat around the abdomen.
If you start your breakfast by drinking water, do not drink iced water, it will cause the capillaries to contract in the stomach and hamper the work of the latter. But on the other hand, it is recommended to take a large amount of water between breakfast and Suhur to moisturize the body and to cleanse toxins.
After softening the stomach with the soup you have attended at home (not canned because it is rich in salt), more than eating vegetables, it will provide you with a sense of fullness, which will push you to eat less than other foods that may be fat.
Avoid eating high-calorie Ramadan sweets and replace them with sweet-tasting fruit. If you have to eat sugars, choose a small piece.
Eat well and eat slowly, giving your body a chance to give you a feeling of fullness.
Avoid fried foods, it is healthy to eat boiled.
Drink green tea because it can promote digestion.
Try to offer low-fat dairy products on Ramadan.
Exercise every day for at least 15 minutes. End (1)
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