For those who can't get on OM, and who don't have access to the forum. I will post here the articles I like for the day and some of my thoughts. Check back later
BAGHDAD / Press tomorrow: confirmed Prime Minister Haider al - Abadi said on Saturday that the districts of Tal Afar and Hawija will free them soon , while that between the unity of Iraqis in the face of Daesh contributed to the achievement of victories. The Information Office of the Prime Minister, in a statement received "Tomorrow 's Press", he said that "Abadi said during his speech at the meeting with the leaders of the popular crowd and eat breakfast with them, that the unity of Iraqis in the face of terrorist Daesh gangs contributed to the achievement of victories, where he blessed them victories achieved in this blessed days ,which coincides with the anniversary of the launch of Sayyed Sistani 's fatwa Ulkipaia Jihad in order to defend the country and the citizens that have contributed significantly to the victory. "
Among Abadi , according to the statement that "today is closing the door that entered him Aldoaash across the border as these areas were not under the control of previous governments , " stressing " the importance to keep the atmosphere of unity and move away from the differences to the stability and reconstruction of our country." He continued Abadi , "We now get to the last stroke to liberate land and we caution and continue with the same determination and unity to eliminate Daesh indicating that a large part of the successes is that we have deprived the enemy of the incubators , " stressing "interest Bawail martyrs and wounded who have blood victories achieved." Abadi said that "Tal Afar and Hawija will free them soon , " noting that "our forces on the border , secure the borders of our country and not transit do not want to enter the second side."
It’s been a humbling year for the almighty US dollar. Investors, concerned about political instability in Washington and signs of an economic slowdown, have driven its value down to pre-election levels.
More dispiriting, however, is the greenback’s deflated reputation among its most historically devoted support group.
Like a lot of hip-hop artists, Remy Banks is more obsessed lately with amassing foreign currencies. In Cold World, Banks raps of “diving in the deep end of a pool full of euros, pounds, and yen”.
That’s not just showboating, he explained. “I’m not going to stop working hard until I get to this point where I can travel around the world, until I can jump into a pool with all these different currencies like Scrooge McDuck,” the Queens, New York-born rapper said.
Rapper Remy Ma made one of the first hip-hop references to the United Arab Emirates currency, the dirham, in her 2016 hit with Fat Joe, All The Way Up.
“I’m talkin’ colour money, purple yen and blue dirham,” she rapped about the aqua-tinged notes.
Money has been a dominant theme in hip-hop since it began in the 1970s. There has been a natural focus on the US dollar, reflecting the genre’s roots in American cities. Puff Daddy famously rapped in 1997 that “It’s all about the Benjamins” in his tribute to the $US100 bill, which bears Benjamin Franklin’s likeness.
Even a decade ago, rappers nodded only a handful of times to any currency other than the US dollar. In 2007, the euro appeared in just one rap song in the database of Rap Genius, a crowdsourced website that annotates rap lyrics. The Japanese yen appeared twice, and the peso a half-dozen times.
But as hip-hop music has become more global, rappers are internationalising their lyrics, too, and references to foreign currencies are multiplying.
Peso appeared in 40 rap songs last year, Rap Genius said, while yen was mentioned in 10 and euro in seven. The Indian rupee, Russian rouble and British pound are also popping up in hip-hop lyrics with increasing frequency.
One of Banks’s favourite currency notes is the Canadian dollar, which a friend told him smelled like maple syrup. “I was like, get the hell out of here,” he recalled. “Then I put it in my hand, and it smelled like maple syrup.”
He hopes next to get his hands on the Ethiopian birr, which he has heard carries the scent of exotic spices.
Foreign currency references are still small change compared with the nearly 700 times that Rap Genius counted mentions of the US dollar in songs released last year.
But name-checking foreign currencies had become a way for hip-hop musicians to show their financial sophistication, said Chris Smith, a professor at the Annenberg School for Communication at the University of Southern California who has done research on the role of money in rap music.
“Rappers know that the US dollar is not the only game in town any more,” Mr Smith said. “They know that China is rising, they know that there are other economic powers.”
Overseas travel and shopping sprees have also made American rappers well aware of the dollar’s recent slide in the foreign exchange market. Willie Maxwell II, known as Fetty Wap, said he was a bit unnerved to notice that the greenback had fallen 5 per cent this year against major peers.
“If I were making a verse, it would be like, ‘I don’t want dollars, they not worth nothing, we want euros’,” he freestyled during an interview with The Wall Street Journal.
Maxwell, who has also rapped about the peso, says he wishes he could be paid in the euro — the best-performing major currency this year — because it would be worth more than his US dollars.
The Office of the Prime Minister Haider Abadi, on Friday, clarification on the intention to establish a referendum for the separation of the Kurdistan region from Iraq, stressing that no party can determine the fate of Iraq alone.
"The Iraqi government is based on the Constitution as a legal and political reference in determining the relationship between the federal government and the region, which is the basis in naming the powers of each," said the spokesman of the Office of Abadi Saad al-Hadithi in a statement received. He added that "any position or step taken by any party in Iraq must be based on the Constitution and compatible with its contents." Al-Hadithi pointed out that "any decision concerning the constitutionally defined future of Iraq (one federal democratic country with full national sovereignty) must take into account the relevant constitutional provisions." The future of Iraq is not exclusive to one party, Concerned. " "All Iraqis must have their say on determining the future of their homeland," he said. He stressed that "no party can determine the fate of Iraq alone and apart from the other parties, and any decision in this regard must be consulted with other parties and takes into account the national consensus." The Kurdistan Regional Government plans to hold a referendum on the secession of the territory from Iraq in September
Friday, June 9, 2017Arbil/ Iraq TradeLink: The Kurdish Islamic Federation disclosed "Turkish approval" to continue the Kurdish referendum on 25September, 2017.MPJamal Ahmed Sido said that the Kurdish local government got the Turkish approval that it will not interfere in the internal affairs of the region if it is separated from Iraq.He pointed that Turkey will complete its buffer wall along the Iraqi-Syrian borders, thus "there will be complete separation between the two states".The Kurds are using the referendum question as a "pressure card" against the federal government in Baghdad, as seen my senior Iraqi officials and local analysts.It is expected that the referendum will be conducted in all disputed areas, including the Peshmarga-controlled areas in Nineveh, Kirkuk, Dial and Salahal-din provinces.
Basra Oil Company buys shares of foreign companies
Khandan - Basra Oil Company announced the purchase of shares of some other companies operating in the province to increase production and reduce the cost of extraction.
"The foreign companies that entered Iraq need to pay high costs to increase production, in contrast to the national cadres and the Iraqi departments, which can do the job at a lower cost and better economic returns to know our cadres to work," Abdul Jabbar Mohammed, director of the Zubayr field told Al Hayat newspaper.
He stressed that "the Basra Oil Company bought the share of the US company Oxdental, which operates in the field of Zubair, which is one of the most productive fields in the province and one third under the management of the US company and sold to the Iraqi entity that began to provide national labor.
"Foreign companies have not been able to complete the work they have pledged for financial reasons," he said.
Occidental bought 30 percent of the value of the service contract at Zubayr, which was won by Italy's Eni as a backer in some exploration.
"The national company, after buying foreign companies' shares, will save a lot of expenses in the development processes agreed upon with the government, which our workers can provide," said the Iraqi representative in the Zubayr field, Daoud Salman.
"Some companies are unable to meet their commitments over the past years, including Occidental, which offered its share of the sale for $ 200 million," he said. "There are many jobs available to return this share to the Iraqi side, "He said
Official Iraqi acknowledgment of Qatar funding for the crowdAbadi: Investigators extracted 250 million euros and 50 million dollars of bags in a Qatari plane arrived in Baghdad to move fishermen before their release.
BAGHDAD - Iraqi Prime Minister Haidar al-Abadi admitted that his country is holding a large sum Qatar had intended to pay to Iraqi armed groups involved in the kidnapping of Qatari fishermen.
Abadi said that the Central Bank of Iraq is investigating the legality of the introduction of a national plane 250 million euros and 50 million dollars to Baghdad, without notice to the official authorities.
During a breakfast for reporters in his office in Baghdad, he revealed details of the hunt for Qatari fishermen who were released after being abducted for a year in Iraq, in an area near the country's border with Saudi Arabia, and taken to Iran.
Abadi said the Supreme Judicial Council, Iraq's highest judicial authority, ran the file after forming a committee that included representatives of the Baghdad and Doha governments and a delegate from the Central Bank of Iraq, which currently holds Qatari funds.
The Iraqi prime minister said investigators had extracted the money from bags in a Qatari plane arrived in Baghdad to reduce the fishermen, before their release.
Twenty-six Qatari fishermen, including members of the ruling family who were on a road trip in a desert region between Iraq and Saudi Arabia, were abducted in December 2015 and held until their release in April.
News from Baghdad suggested that Qatar had asked Abadi to hand over the money to senior leaders of the Popular Popular Forces, which played a role in liberating the two kidnapped countries, but the Iraqi prime minister refused to do so and insisted on holding the money.
There were many questions about how to release Qatari fishermen.There were conflicting reports about the ransom paid by Qatar for their release.But most estimates indicate about $ 1 billion paid in Iraq and Syria to militias and terrorist organizations.
The sources linked the release of Qatari fishermen to the release of Iraqi hostages held by the al-Nasra Front, close to Qatar. They were released in the same deal, asserting that they are fighters in the Al-Nubba movement, one of the popular factions fighting in Syria.
A parliamentary committee demanding integrity to move to uncover the fate of stolen billions
Baghdad - Journal News The Commission on Integrity in Parliament on Friday asked the Integrity Commission to move to reveal the fate of the billions spent on fictitious projects in the country.
MP Ammar Kazem al-Shibli told the Journal News that "what was raised about the existence of stolen funds amounting to billions of dollars through fictitious projects should the Integrity Commission move to disclose the fate of those funds and stand behind the causes causing them."
He added that "there are political forces inciting theft and have economic committees within them to oversee the resources obtained from projects and tenders, and these committees are concerned parties parties and political blocs fighting on ministries that have a terrible corruption."
In a televised interview, MP Ali Fayed Sheikh Ali revealed that hundreds of billions of dollars of money had been smuggled out of Iraq under fictitious names and projects that have not existed through contracts and deals concluded by influential individuals in the country.
June 9, 2017 at the Media Center Comments on Germany rushing Brixset negotiations closed
(Reuters) - Germany on Friday called for negotiations to begin with Britain's withdrawal from the European Union as British Prime Minister Teresa Mae struggles to retain her post following the general election.
German Deputy Foreign Minister Michael Roth warned that time should not be wasted and that negotiations on Britain's withdrawal from the European Union should begin.
"We need to start negotiations as soon as possible because time is running out," said Ruth, a member of the Social Democratic Alliance led by German Chancellor Angela Merkel to ZDF television.
"Regardless of who will form the government in Britain, we have less than two years to negotiate the exit, so we should not waste any time now."
Baghdad/ Iraq TradeLink: Iraqi Oil Minister Jabbar al-Lu'aibi disclosed that a partnership contract was signed with the Arab Maritime Oil Transpor Company.In a statement, he added that the contract will develop Iraqi oil fleet and change it into a leading member in oil and gas transportation field
Iraq plans to buy two new vessels to be added to the current ones in the field oil transportationi
According to the contract and the approval of the Iraqi Cabinet, Iraq will have 22.5% of the contract without having financial obligations.
Iraq is a founding member in the Arab company and has part of its capital.
Berlin/ Iraq TradeLink: Despite the close Kurdish-German relation, the statement of the German foreign ministry stunned the Kurdish political scene followin the statement ofPresident Masoud Barzani to conduct the referendum on 25 September, 2017.
The German statement "warned against unilateral moves" on this question, pointing that "the unity of Iraq is in grave danger".
The ministry, yesterday, expressed its "concern" on Kurdish plans for the independence referendum, that might increase tension in the region
The re-demarcation of the state's boundaries is not the right path that will increase the already tense situation between Arbil and Baghdad", the statement added It called all parties to resort to dialogue to solve pending questions and not igniting the differences on the disputed area.
It is necessary to preserve unity inside Iraq fo continue the war against Da'ish (ISIS) organization", it added.
Earlier, Russian foreign ministry disclosed its "support for the Iraqi territorial unity", calling to settle all difference between Baghdad and Arbil through dialogue.
The ministry pointed that the Kurdish statements on the referendum next September "attracted our attention", stressing that "Russia supports the unity of Iraqi territories, respect of the rights of all its components without condition, where the Kurds represent the biggest".
The separation is not a solution", the ministry added.Posted in: Berlin,Politics
The company is one of the organs of the Arab Oil Exporting Organization (OAPEC)
The United Nations will not weaken the resolve of the Iraqi people no matter what terrorism does
June 9, 2017Baghdad - Journal News The United Nations Special Representative to Iraq Jan Kubic condemned Friday's suicide bombing in the Mussayab area north of Babil province, stressing that terrorism would not weaken the will of the Iraqi people.
"Terrorists continue to ignore the holy month of Ramadan and continue to kill innocents," Kubic said in a statement received by the Journal News. "The determination of the Iraqi people will not diminish, no matter what terrorism does, which will eventually be defeated."
"I offer my sincere condolences to the families of the victims and my wish for the speedy recovery of the wounded.
Basra - Journal News The head of the Committee on Agriculture and Water Resources in the province of Basra Jumah Hajul al-Zinni, Jinnah, the success of the process of planting bananas in the province.
Al-Zini told the Journal News that "the Laboratory of Textile Agriculture in the province of Basra has succeeded in planting and growing bananas in the laboratories of Al-Haritha region. Bananas have been propagated through tissue culture and are currently growing well and there is follow-up on this issue."
He added that "banana plant adapted to the present time and was distributed to some agricultural areas in Basra and this augurs well," explaining that "the issue of acclimatization by experts specialized in it.
Baghdad/ Iraq TradeLink: Iraqi Oil Minister Jabbar al-Lu'aibi disclosed that a partnership contract was signed with the Arab Maritime Oil Transport Company.
In a statement, he added that the contract will develop Iraqi oil fleet and change it into a leading member in oil and gas transportation fields.
Iraq plans to buy two new vessels to be added to the current ones in the field oil transportation.
According to the contract and the approval of the Iraqi Cabinet, Iraq will have 22.5% of the contract without having financial obligations.
Iraq is a founding member in the Arab company and has part of its capital.
The company is one of the organs of the Arab Oil Exporting Organization (OAPEC).
40404 (may have to add 40404 as a contact first) Then send a message that says: Follow @FactsnOpinion1 and you will join their twitter feed and instantly get the doc. You do NOT have to join twitter to get tweets
What are the pros and cons of overdraft protection? Investopedia
If you sign up for overdraft protection and link your checking account to your savings account, a credit card or an overdraft line of credit, the bank will use that linked backup source to fund transactions you initiate when you don't have enough money in your checking account. Read the full story
We all know to put money into retirement accounts — what’s the best strategy for taking it out? MarketWatch
Hopefully you’ll have so much money you’ll need help handling it. Read the full story
OIL / COMMODITIES / ENERGY
Gold slips as UK election surprise benefits dollar
Gold prices held steady ahead of the verdict of the UK national election, with early results suggesting no clear winner.
Gold flirts with first 3-session skid in a month as dollar strengthens MarketWatch
Gold futures traded slightly lower on Friday, on track to notch a third straight decline and a weekly price drop, despite a week fraught with the type of political drama that would ordinarily have offered a boost to precious metals. Read the full story
Gold prices slide on weak global cues, muted demand Livemint
New Delhi: Gold prices slipped further by Rs175 to Rs 29,425 per 10 grams at the bullion market on Friday, tracking a weak trend overseas amid tepid demand from local jewellers. Silver too remained under selling pressure and dropped by Rs 625 to Rs 40,125 per kg. Read the full story
Here's why billionaires are parking their cash in gold Business Insider UK
There are always lessons that can be learned from the "smart money." Unlike regular investors, billionaire money managers like Ray Dalio and Stan Druckenmiller are professional investors. They have entire institutional teams at their disposal, dive deep into the nuances and complexities of the market, and spend every waking moment of their lives thinking about how to get more from their investments. They want to make money – but they also want to execute on strategies that will protect their Read the full story
Oil prices resume slide as supply glut prevails
Oil prices were pressured by widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market.
Oil prices set to finish the week 4% lower, as U.S. supply casts a shadow MarketWatch
Oil set to end the week lower, though prices edged up Friday, even as U.S. supply cast a shadow. Read the full story
BANKS / BANKING
The world's 10 biggest banks Business Insider UK
Banks play an important role in our lives and an even greater part as intermediaries in the global financial system. The largest banks are located in China, which is not surprising given that the Chinese economy continues to grow at a rate that is approximately 3-times the rate of growth in the U.S., which is the world’s largest economy. 10. Credit Agricole Number 10 is the French banking giant Credit Agricole Group. The company was founded in 1894 and is headquartered in Montrouge, France. The Read the full story
How do commercial banks make money? Investopedia
Learn the different ways commercial banks make money, including interest from loan products and banking fees charged to customers. Read the full story
House passes Choice Act that would gut Dodd-Frank banking reforms
The Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act is a controversial measure that stands virtually no chance in the Senate.
While You Were Paying Attention To Comey, House Republicans Voted For Everything Big Banks Want HuffPost
WASHINGTON ― While much of the political world was watching the fallout from former FBI Director James Comey’s Senate testimony Thursday, House Republicans were jamming through a bill that would largely gut the financial regulations in Dodd-Frank, the landmark banking legislation passed in 2010 after the worst financial crisis since the Great Depression. ... Read the full story
Commerzbank seen as frontrunner for DB's Polish assets DW
"This [acquisition] would make a lot of sense for mBank," a Warsaw-based private equity (PE) fund owner told DW. A second PE owner in Warsaw told DW it was most likely a pure "domestic" deal structured as an acquisition of credit portfolio and other assets. "Given there are not that many buyers left and obvious candidates - PKOBP, PZU, Pekao, Alior - will be tied up with internal consolidation, power struggles etc," he said. Spain's Santander - owner of the third largest bank in Poland BZ WBK - Read the full story
TREASURIES/ BONDS/ STOCKS
Spring Surge: Why Stocks, Gold, Bitcoin Are Rising Investopedia
Stocks, gold, bonds and bitcoin have surged this spring, which are assets that rarely move together. Read the full story
Bonds see biggest inflow in 2 years on rising political risks
Global bond funds attracted their biggest inflows in more than two years, Bank of America Merrill Lynch said.
Pound falls on General Election 2017 shock — but City hopes rise for soft Brexit Evening Standard
A catastrophic night for the Conservatives has walloped the pound, but rising hopes of a soft Brexit limited the damage. Read the full story
NZ dollar climbs vs British pound Scoop
June 9 (BusinessDesk) – The New Zealand dollar rose against the British pound as markets awaited official election results out of the UK after early exit polls pointed to a hung parliament. Read the full story
NZ Dollar Rises As China's Inflation Hit 4-Month High RTTNews
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday, after data showed that China's inflation accelerated to a four-month high in May. Read the full story
USA
What the UK election result means for Trumpand the US
CNBC takes a look at the potential ramifications for Trump as Westminster scrambles to find a solution to the inconclusive vote.
Mexico sugar deal hard to swallow for last U.S. candy cane maker Reuters
For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. Read the full story
MIDDLE EAST
Saudis Have a Lot to Lose in Qatar Fight, Even If They Win Bloomberg
Saudi Arabia dwarfs Qatar on almost any measure, yet there are plenty of ways the tussle between the Gulf neighbors could end up hurting the world’s biggest oil exporter -- even if it wins. All week the Saudis and their allies have ratcheted up pressure on Qatar, cutting diplomatic ties and imposing a blockade by land, sea and air. The stated goal is to force Qatar to stop cozying up to Saudi Arabia’s rival Iran and bankrolling Islamist groups across the region. Qatar says it’s being punished Read the full story
Opinion | The Six-Day War's Final Casualty: A Two-State Solution Bloomberg
When Donald Trump visited Israel last month, he pledged to broker an Israeli-Palestinian peace deal. Less than a week later, 15,000 members of the Israeli left, who evidently believed him, staged a monster rally in Tel Aviv under the banner: “Two States for Two Peoples.” Just a few years ago, that motto would have been taken for granted: the so-called two-state solution was seen as the only logical outcome for either side. The Palestinians were set on full autonomy, while Israelis worried that Read the full story
How Leaked Emails Explain The Qatar Crisis HuffPost
WASHINGTON ― Official Washington, from the president on down, is working on damage control for a Mideast crisis inextricably linked to its favorite ambassador. ... Read the full story
A
FRICA
Zimbabwe: Government Auditors Fleece Treasury AllAfrica
Masvingo Five government auditors in the ministry of home affairs have appeared in court for over claiming travel and subsistence allowances during the time they audited state departments in the province. Solomom Matindike, Zacharia Padhuze, Nyaradzo Nyanyiwa, Dzingirai Chikati and Josphat Hove pleaded not guilty to fraud charges when they appeared before magistrate Peter Madiba. They were remanded out of custody on $100 bail each coupled with stringed bail conditions. They will appear for trial Read the full story
Faced with more drought, Zimbabwe’s farmers hang up their ploughs Thomson Reuters Foundation News
Musafare Chiweshe's land is producing a crop even as southern Africa's droughts grow stronger and more frequent Read the full story
South Africa: Malema Unleashes Wrath At the Country's State of Affairs AllAfrica
(Photo: allafrica.com) At his press briefing on Thursday, EFF leader Julius Malema unleashed his wrath on the country's state of affairs including #GuptaLeaks, allegations of corruption at Transnet, the safety of SACP leader Solly Mapaila and the DA. On the #GuptaLeaks, Malema said South Africans can rest assured that the emails were authentic and anyone who thought the emails were fake should challenge their authenticity through the court. He said neither he nor any member of his party would be Read the full story
ASIA
China May annual consumer inflation in line with market expectation, producer prices ease
China reported consumer prices as expected at an annual pace for May, producer prices ease.
EU commissioner gloats Theresa May has 'lost bet' with election Daily Mail
President of the European Council Donald Tusk joined other EU leaders in gloating over Theresa May's failure to win the election, warning that time is running out for Britain to avoid getting 'no deal'. Read the full story
U.K. manufacturing production rises less than expected in AprilInvesting.com
UK's May will not resign after losing majority, will seek permission from Queen to form government CNBC
Despite a bruising election result for her Conservative Party, U.K. leader Theresa May will seek permission from the queen to form a new government. Read the full story
Baghdad - Journal News The administrative body of the Association of Private Banks was appointed as its temporary chairman instead of the chairman of the body, Wadih al-Hanalal, who was dismissed by the majority of the members of the administrative board on the background of administrative and legal violations of the association's work.
"A 45-day period has been set for the holding of new elections to elect a permanent president of the Association, which is one of the most important institutions in the Iraqi economy because of the importance of the banking sector in the economy of Iraq and the daily life of the citizen through influence," the statement said. Direct and indirect prices, markets and trade exchanges. "
The head of the association, Wadih al-Hantal, has been accused by specialists of numerous charges, including providing false information to the Central Bank of Iraq to achieve personal benefits at the expense of the banking sector led to spasms in the relationship between banks and the government sector sector
Rafidain Bank announces the granting of 15 million dinars and 10 thousand dollars loans to small entrepreneurs
(Independent) ... Rafidain Bank on Saturday to grant loans to citizens and small entrepreneurs in dinars and the US dollar.
In line with the bank's policy to diversify the services provided by the bank and to support the national economy in financing various projects and reducing unemployment and manpower, the bank is fully prepared to grant loans of up to 15 million dinars Or 10,000 US dollars for small entrepreneurs, noting that he identified the names of the branches covered by granting short-term loans in Iraqi dinar and the US dollar and set the necessary instructions for that.
The statement referred to the branches of loans granted to finance small projects: Al-Quds, Al-Mustansir, Al-Ameen, Sabkar, Shaikh Omar, Al-Andalus, Khansaa, , Al-Morsa, Al-Rafi'i, Al-Jisr, the right side, Al-Muthanna, Shuhada, Najaf, Al-Amir, Al-Kut, Al-Khader,
Required documents:
1) One of the identity cards approved by the bank (civil status certificate, citizenship certificate, residence card), national ID card or valid passport in addition to the residence card.
2) The loan application is duly submitted to the bank.
3) A letter of support from the sponsor's department in which he supports the continuation of the service and the net monthly salary that the sponsor receives.
4) An economic feasibility study that includes a description of the project, the category served by the project, the cost of the project, the cash flows, the extent of its ability to exercise the activity and its ability to perform its obligations in the repayment of the loan amount and its benefits.
5) Submit an identity issued by an official body such as the Federation of Industries or Baghdad Chamber of Commerce or others.
B - The procedures of the branch:
1) Ensure that the documents submitted by the borrower are correct and that he is of great age of majority. The branch manager is fully responsible for studying the applications and ensuring that the conditions required by the student are satisfied.
2) Conducting the on-site disclosure of the project in order to obtain correct details for the purpose of estimating the value of the assets in order to determine the amount of the loan granted.
3) The term of the loan shall not exceed three years (short term loans) and shall be given in a single payment. The amount thereof shall be fixed at the request of the borrower and the director of the branch, within the following amounts and the table shown below:
(15 million) dinars (fifteen million dinars) interest rate (9%) and the bail of one civil servant civil servants. (10,000) dollars (ten thousand dollars) interest rate (7%) and the bail of one civil servant civil servants.(End)
6-10-2017 Newshound Guru Kaperoni Article: "Vice: Central procedures put assessments of the banks will achieve the benefits of" Quote: "...the central bank measures in the development of assessments for banks represent a positive step and give multiple benefits, noting that the ratings currently approved came according to an agreement with international experts from the International Monetary Fund and the US Treasury." This is all in line with the recent articles from the CBI talking about the conditions set forth from the WB and IMF to clamp down on money laundering (I think they called it the grey area). This is great news as the CBI prepares for international acceptance.
6-9-2017 Intel Guru RayRen98 We’ve been tracking everything. Let’s see what happens when the market closes. The 10th, tomorrow, is the anniversary of ISIL coming in (and going out). Some believe announcements will commence on the 10th for the full release. We have celebrations for the troops scheduled on June 12/13. Someone said that the UN rates are posted on the 15th, so some are looking at that date. Then there are no expected dates until the 30th. There is a rumor that dong will be revalued before the dinar, which will give us a great leveraging opportunity (if it happens). This ride is coming to an end, we just don’t know the exact date.
6-9-2017 Newshound Guru FrostyTheSnowman So let's just say that they want the new rate before budget is signed into law, would YOU want that done after the announcement if you are Abadi? Or would you want it done and visible to the populace before the Celebration on the 12th...So you can say "Hey Iraq, we are a sovereign people again. Here's what I have done for you, you now have food to buy, your streets are safe, the Daesh are gone, and are never coming back! Your borders are secure, you have internet, you have mobile banking, you have money, your money, and it's worth something! This is your Iraq! We are sovereign! It just seems to me that he announces everything at the same time...And everything is there and ready to go. [post 2 of 2]
6-9-2017 Newshound Guru FrostyTheSnowman IF things are on a roll, and IF "A" [Abadi ?] is where he wants to be. This is where my mind goes... So we see that things start to escalate quickly this week. It is interesting to me all of those documents by the CBI stating for contractors to start work regardless of what the Ministry of Finance is doing, hmmmmm. Then...on the 8th, CBI is telling MOF to get ready to start PAYING them. It's like they know something is coming...The budget perhaps? So I think...it was about a week ago that the budget was talked about, and the can was kicked down the road. A week. [post 1 of 2....stay tuned]
6-9-2017 Intel Guru Frank26The FOREIGN EXCHANGE … do you know what that is? It’s the IQD exchange rate vs. the foreign exchange policy. They can’t say RV … they must use other words …
6-9-2017 Newshound MadDScout Article: "The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency" Najib is saying the "economy is heating up", and that the Parliament Economic Committee is in support of the strides the CBI has taken to organize and educate those banks taking part in the foreign currency sale, and this conducted in cooperation with the IMF... Najib confirmed that there were banks who had to rectify their situations, in order to stay a part of the currency sale. She is part of Economic Committee.In this way the Central Bank is moving forward on reform starting with the currency sale window. They are moving forward! I like that reform starts at "the currency window". These banks who are "rectifying" their situation are the exact type of institutions that were mentioned and bring the overall score down on that thing that is monetary reform. Rectification will help to move the wheel forward.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
The federal police announce the liberation of Zinjili district in full
(Baghdad: al-Furat News) The Federal Police Command announced on Saturday the completion of the liberation of Zanjili district on the right side of Mosul.
"Federal police forces have completed the liberation of the Zanjili district on the right-hand side of Mosul in full and has launched a massive operation to clear mines and booby traps from the neighborhood," federal police chief Major-General Raed Shaker Jawdat said in a statement. "These forces have found a large factory with modern equipment to manufacture rocket launchers and large quantities of explosives, missiles and ballistic missiles," Jawdat said. "Our units continue to evacuate displaced families from Zanjili and recover them and move them to the safe areas
On the third anniversary of the occupation of Mosul .. Baghdadi did not appear to the public only once
Political analyst Hashim al-Hashemi, on the third anniversary of the occupation of Mosul, wrote about the achievements of the security forces and the popular crowd, as well as the losses inflicted on Badash.
The leader lost 42 founding commanders, 72 first-rank commanders, 207 logistics commanders and 349 field commanders.
It also lost the land of empowerment in Anbar, Diyala, Salahaddin, Falluja, Tigris, Jazira, Ninewa and the south.
And that Baghdadi did not appear to the public only once and twice recorded voice, and lost his deputy and his aides, and many evidence of his injury.
He also stated that Iraq for the first time meet all gun nozzles against the oppressors, the army, police, Peshmerga, the crowd and the tribes.
And that Dhaash lost 22% of the geography that it controlled and remained 10%, including 5% Sahara and Boadi and the rest of the liberation is continuing and that, lost lost +39 military training camps, and all areas of wells and oil refineries that were occupied in Iraq, Iraqi civilians + 15,000 civilians, wounded +2000 civilians, lost 3,500+, and destroyed infrastructure + 50 billion dollars
Abadi and Barzani confirmed by telephone call on "unity of class"
Prime Minister Haider Abadi and Kurdistan Region President Massoud Barzani
Baghdad - Najla al-Tai
Prime Minister Haider al-Abadi and Kurdistan Region President Massoud Barzani on Saturday stressed the importance of unity and avoid all that affects the perpetuation of the momentum of the victories achieved by the Iraqi forces against the organization "Daash." The office of Abbadi said in a statement that "the Prime Minister Haider Abadi Has received a telephone call from the President of the Kurdistan region Massoud Barzani, "adding that" during the communication discussed the overall political situation, security and economic in the country, in addition to the conduct of battles in Mosul and the victories achieved and the continued high coordination between the military factions, including the PeshmergaAnd the elimination of extremist elements. "The importance of unity of the class and away from all that affects the perpetuation of the momentum of the victories has been emphasized. The heroic forces have come close to achieving the final victory over terrorism and restoring stability to the liberated areas. Efforts in this area ".
It is noteworthy that the Office of Abbadi stressed, on Friday, that Iraq is based on the Constitution as a reference to determine the relationship between the federal government and the Kurdistan region, explaining that no party can determine its fate in isolation from others.
URGENT ANNOUNCES RELEASE OF 6 VILLAGES OF THE WEST OF ATHSHANA HILLS
(Baghdad: Al-Furat News) announced the leadership of the operations of the coming Yanino liberation of six villages west of the city of Mosul.
"The 15th Infantry Division has liberated the villages of Zarnouk, Sheikh Qora al-'Aliya, Al-Mahafeef, Dam Sinjar, Tilah and Baghla hill, west of the Atchana mountain range," the statement said. And raised the Iraqi flag on them. "is over
"
Abadi and Barzani emphasize the importance of unity of class
(Baghdad: al-Furat News) Prime Minister Haider al-Abadi and the head of the Kurdistan region Haider Abadi on the importance of unity of class.
"The Prime Minister Haider al-Abadi received a telephone call from the President of the Kurdistan region Massoud Barzani, and during the communication discussed the overall political, security and economic situation in the country, in addition to the battles in Mosul and the victories achieved And the continued high coordination between the military factions, including the Peshmerga forces to complete the liberation of the rest of the regions and the elimination of terrorist gangs. "The importance of unifying the ranks and staying away from everything that affects the perpetuation of the momentum of the victories has been emphasized. The heroine forces have come close to achieving the final victory over terrorism and restoring stability to the liberated areas, which requires further efforts in this area
Foiled attempt to blow up the "Great Dam" in Diyala
June 10, 2017Foil "terrorist" attempt to blow up "Great" DamBaghdad - Journal News
A suicide attack on the al-Azim Dam in the Iraqi province of Diyala has been foiled by the military intelligence directorate on Saturday, confirming the killing of all terrorists who tried to sneak through the boats.
"The military intelligence detachments in the 19th Brigade, the Fifth Division and in cooperation with the command of the division, managed to thwart a suicide attack to organize the terrorist" Daqash "to target Al-Azim Dam in Diyala, the Directorate said in a statement.
"The security forces managed to kill all the terrorists who tried to sneak through the boats, where they were carrying explosive belts and explosives prepared to blow up the dam," she said.
The Great Damascene dam located on the "great" river of the important installations in Diyala, was established to regulate the flow of water in the river.
.
Washington joins the United Nations' call to protect the oceans
The United States joined the United Nations' call for action to decontaminate the oceans on Friday.
The decision comes at the end of the first UN World Conference on the Oceans, which opened on Monday, a few days after Donald Trump's decision to withdraw the United States from the Paris climate agreement.
"The United States remains committed to all stakeholders within and outside the UN system to protect the oceans and promote their sustainable use," said US envoy David Balton.
However, this "call for action" stresses in its content "the particular importance of the Paris Agreement" and refers to the impacts of climate change on the oceans.
Signatory governments are committed to reducing plastic use and taking measures to mitigate ocean acidification and the impacts of climate change on the oceans.
The countries of the Pacific region most affected by the high level of water alarmed the Conference.
At the opening of the event, UN Secretary-General Antonio Guterres called on member countries to think beyond national interests to avoid a "global catastrophe".
l,ink