Saturday UPDATE for June 24, 2017
There are reports of a big street parade today throughout the weekend extending into Monday celebrating the victory of the military, the end of Ramadan and the EID holiday.
EID starts immediately following Ramadan on June 25, 2017.
The supplement to the 2017 Budget will be activated soon following Parliament approval.
The Iraqis citizens will be celebrating with a massive fireworks display sometime tonight in Baghdad.
Iraqi TV is broadcasting the coming days will mark a significant impact to purchasing power for all citizens of Iraq!
Iraqi TV is reporting Iraq receiving congratulations from US government officials for defeat of Isis. It is believed that former captains under Saddam Hussein will now take the leadership role of ISIS due to the death of Baghdaddi.
The CBI site has taken on a new appearance and is in the "updating" process showing rate changes as conditions change....hmmmm? LOL
Sources for "Al-Ghad Press": Abadi will announce the liberation of Mosul at this time
link
BAGHDAD / Press tomorrow:
suggested private sources, on Saturday, declared liberation of Mosul would be the night of Eid al - Fitr after the completion of all military operations in the old city.
And told sources "Tomorrow Press" that "anti - terrorism apparatus ended the rest of the pockets to organize Daesh near the Great Mosque of Al - Nouri, and was able to control the entire old city," he said . "Combing operations , accompanied by simple clashes are being addressed very quickly, due to the loss of the organization all capabilities that enabled the former to prolong the fighting. "
The sources indicated that " the leadership of the Joint Operations confirmed through the air clean up the city completely clear it , take out most of the stranded residents through the corridors safe."
The sources expected that the "declares Prime Minister Haider al - Abadi, editorial statement on the night of Eid al - Fitr, followed by celebrations permeated the various cities of Iraq."
Word on the Street Saturday 6/24/17:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,137.3000 | 1,137.3000 | 1,137.3000 | | 17:36 |
| USD/VND | | | 22,312.0000 | 22,312.0000 | 22,312.0000 | | 17:36 |
| USD/CNY | | | 6.8359 | 6.8359 | 6.8359 | | 17:00 |
| USD/KWD | | | 0.3031 | 0.3031 | 0.3031 | | 16:34 |
| GBP/USD | | | 1.2719 | 1.2719 | 1.2719 | | 17:01 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,309.0000 | 13,309.0000 | 13,309.0000 | | 16:57 |
CNBC Link:
CNBC Morning Squawk Link:
No link on Saturday
DC NY Iraq Articles:
Governor of Baghdad chairs an emergency meeting to discuss the security plan for Eid al-Fitr
Since 2017-06-23 at 01:03 (Baghdad time)
Baghdad Mawazine News
The governor of Baghdad and the head of the Higher Security Committee in the capital, Engineer Atwan al-Atwani emergency security meeting to discuss the security plan for Eid al-Fitr and the procedures followed to secure the capital and prevent the occurrence of security breaches.
Al-Atwani told a news conference after the security meeting, which was attended by the Baghdad Operations Commander, the Baghdad police chief, a number of security leaders, a member of the council of advisers in the Council of Ministers and the chairman of the security committee in the Baghdad Council. "Security plans for the Eid al-Fitr were discussed, Preparations of the security forces in all joints. "
He pointed out that "the security plan will be flexible as it was directed to provide all facilities for citizens in the capital and find alternative solutions to facilitate the smooth flow of vehicles and the passage of citizens."
He added that "the preparations also included intensifying the intelligence effort, as well as the deployment of scattered units of K9 and the emphasis on scrutiny in the inspection to ensure the safety of Baghdad families in the security checkpoints deployed in various areas of the capital."
He called on citizens to cooperate with the security services by providing all forms of assistance by reporting suspicious movements, people and vehicles to prevent any incident or terrorist act.
For his part, the commander of Baghdad operations Major General Jalil al-Rubaie, "the distinguished role of the governor of Baghdad and its keen interest in holding important security meetings to blend ideas in the interest of achieving security in the capital Baghdad."
Parliamentary revealed the federal government's withdrawal of the amounts of food supplies without processing
Shafaq News / MP asked for a coalition of state law high Nassif on Friday and the Ministry of Commerce and the General Company for the trade of food items to restore the amounts that have been obtained from the ration agents during the past two years without being processed by the quota prescribed.
Nassif said in a statement reported by her media office today: "There are complaints received from a number of agents of food, they confirmed that the cut-off amounts of materials ration materials for them for the month of November and December of the year 2015, as well as the allocation of ration amounts for the month of September And the first of 2016, and were not equipped with ration ration. "
When the agents called for the return of the amounts, the General Company for Food Trade admitted that it was obliged to return them, but until now it has not returned them and has not set a date for that."
Nassif stressed the need to disclose the fate of those funds collected from the food agents for those months and return them to them in full and as soon as possible.
is over
To recover about half a billion dinars from a civil company contracted with the province of Babylon
The Integrity Commission revealed today that it was able to recover nearly half a billion dinars to the state treasury from the account of a civil company contracted with the province of Babylon.
A statement issued by the Authority said that "the investigation department in the Authority confirmed the recovery of the amount of / 460 / million dinars to the state treasury, which represents the value of damage to public funds in the operational advance granted to a private company contracting with the Office of the province of Babylon; to implement the project processing and examination mechanisms Directorate Municipality of Hilla. "
He added that "the details of the criminal case in the body refer to the provisions of Article 340 penalties against the Director Commissioner of the National Bank guarantor of the company not to pay the bank for the amount of the letter of guarantee for the project, especially that the province withdrew the work from the company must pay the bank amount of security.
The statement said that "the investigations of the Commission in the case led to the recovery of the amount that represents the value of damage to public funds to the state treasury, where the province of Babylon in a letter addressed to the Authority pay the company and the bank the full amount.
The Integrity Commission announced in late April that its investigative and audit staff had been able to prevent the waste of more than 205 billion dinars from the development budget allocated to the province of Maysan.
Iraqi provinces witness marches on Jerusalem International Day
Release Date: 2017/6/23 11:18 • 88 times read
(Baghdad: Al-Furat News) Iraqi provinces witnessed this morning rallies on Jerusalem International Day in solidarity and support of the Holy Jerusalem of Zionist aggression.
Supporters marched to Jerusalem in the capital, and demonstrators burned the Israeli flag.
On the last Friday of Ramadan, the cities of the Islamic Republic of Iran coincide with most Muslim and non-Muslim cities and capitals around the world. Mass rallies in commemoration of the International Day of Jerusalem proclaimed by Imam Khomeini in 1979 on the last Friday of Ramadan to keep On the Palestinian cause is the focus of all Muslims until the liberation of the occupied territories from the clutches of the Zionist occupation
On the last Friday of Ramadan, the cities of the Islamic Republic of Iran coincide with most Muslim and non-Muslim cities and capitals around the world. Mass rallies in commemoration of the International Day of Jerusalem proclaimed by Imam Khomeini in 1979 on the last Friday of Ramadan to keep On the Palestinian cause is the focus of all Muslims until the liberation of the occupied territories from the clutches of the Zionist occupation
Transport distributed 25 houses and 210 plots of land for employees of the General Company for Railways in Babylon
National Information Center ( NNC) - Transport Minister Kazem Al- Yamami announced on Thursday the distribution of 25 houses and 210 plots of land to the employees of the General Company for Railways in Babil province.
"During the fourth meal, the ministry distributed to the employees of the General Company for Railways in Babel more than 210 residential plots in Hilla and 25 residential houses for the Musayyib railway," Hammami said during a ceremony held at the Babel resort.
Al-Hamami explained that "the ministry is continuing its service and residential journey to all that will include all employees through a stable vision that meets the requirements of providing adequate housing for employees in light of the housing crisis suffocating the country."
"The campaign led by his ministry includes all employees in all the various ministries (by land, air and sea) so that they can meet their most basic needs in life, which is adequate housing for them and their families," Hamami said.
"We have made great strides in the housing project for the employees and the coming days will witness other formations that have held celebrations to distribute plots of land to their employees," Hamami said.
Kauaihn Iraq Articles:
International agency: tanker loaded with oil from the region heading towards the US coast
Editorial date: 2017/6/23 20:50 • 27 times read
BAGHDAD (Reuters) - An oil tanker carrying oil from the Kurdistan region on its way to the US coast sailed for the first time in three years, according to Bloomberg International.
The agency said that the tanker {Efremax Neverland}, which usually carry about 650 thousand barrels emerged from the Mediterranean two days ago, and had left a week ago, the port of Ceyhan in southern Turkey, where shipments of oil in the Kurdistan region by traders.
The routes of the Nebrandland appear to be heading toward the east coast of the United States, although it can still change direction because it has not given final navigation instructions.
Michael Howard, an adviser to the KRG's Ministry of Natural Resources, said he did not know the destination of the ship.
If Navarland completes its transatlantic voyage, it will follow a route taken by only a few vessels carrying Kurdish oil.
"While Kurdistan oil has found its place in the market, Baghdad does not seem to want to try to challenge Kurdish exports," said Richard Malinson, an energy analyst.
The routes of the Nebrandland appear to be heading toward the east coast of the United States, although it can still change direction because it has not given final navigation instructions.
Michael Howard, an adviser to the KRG's Ministry of Natural Resources, said he did not know the destination of the ship.
If Navarland completes its transatlantic voyage, it will follow a route taken by only a few vessels carrying Kurdish oil.
"While Kurdistan oil has found its place in the market, Baghdad does not seem to want to try to challenge Kurdish exports," said Richard Malinson, an energy analyst.
World Day .. Mr. Ammar al-Hakim calls to reject the Judaization of Jerusalem
Editorial date: 2017/6/23 9:40 • 95 times read
(Baghdad: Al-Furat News) The head of the Iraqi National Alliance, Mr. Ammar al-Hakim, called on the international community to reject the actions of the Zionist entity by Judaizing Al-Quds Al-Sharif in Palestine.
"On the last Friday of the holy month of Ramadan, on the last day of Ramadan, we have the occasion of the International Day of Jerusalem, which has become an effective way to unify the Islamic action towards their most important cause of Palestine," said Ammar al-Hakim, according to a statement issued by his office. , Keep the Palestinian cause in the circle of right, which is not legitimate. "
He added that "Jerusalem Day is a permanent call to work for the restoration of the evildoed right and the rejection of injustice. We share the concerns of the Islamic Ummah and its preoccupations with the issue of Al-Quds Al-Sharif. We call on the civilized world to reject the Judaization of Jerusalem and not recognize the legality of unilateral measures taken by the Zionist entity."
Mr. Ammar al-Hakim also called on "international organizations, foremost of which are UNESCO, to work hard to preserve the religious, cultural and heritage pillars of the city of Jerusalem and not to allow it to be affected and to change its character known before the Zionist occupation."
And saluted "the Palestinian people Saber calculated on this solemn occasion, and will remain Al-Quds Al-Sharif in heart and heart and awareness and action never."
On the last Friday of Ramadan, the cities of the Islamic Republic of Iran coincide with most Muslim and non-Muslim cities and capitals around the world. Mass rallies in commemoration of the International Day of Jerusalem proclaimed by Imam Khomeini in 1979 on the last Friday of Ramadan to keep On the Palestinian issue is the focus of all Muslims until the liberation of the occupied territories from the clutches of the Zionist occupation
He added that "Jerusalem Day is a permanent call to work for the restoration of the evildoed right and the rejection of injustice. We share the concerns of the Islamic Ummah and its preoccupations with the issue of Al-Quds Al-Sharif. We call on the civilized world to reject the Judaization of Jerusalem and not recognize the legality of unilateral measures taken by the Zionist entity."
Mr. Ammar al-Hakim also called on "international organizations, foremost of which are UNESCO, to work hard to preserve the religious, cultural and heritage pillars of the city of Jerusalem and not to allow it to be affected and to change its character known before the Zionist occupation."
And saluted "the Palestinian people Saber calculated on this solemn occasion, and will remain Al-Quds Al-Sharif in heart and heart and awareness and action never."
On the last Friday of Ramadan, the cities of the Islamic Republic of Iran coincide with most Muslim and non-Muslim cities and capitals around the world. Mass rallies in commemoration of the International Day of Jerusalem proclaimed by Imam Khomeini in 1979 on the last Friday of Ramadan to keep On the Palestinian issue is the focus of all Muslims until the liberation of the occupied territories from the clutches of the Zionist occupation
Iraq to receive 2 Boeing crafts
It was reported that new discussions with Boeing Company to provide Iraq with different type of aircrafts called Boeing Max, but no figures of the amount of the contract were disclosed.
Iraq has 32 aircrafts in a move to rehabilitate its Iraqi Airways to cover its four civilian airports in Baghdad, Basra, Najaf and Mosul.
Teheran/ Iraq TradeLink: Iranian oil ministry's sources reported that the production of the joint Iranian-Iraqi Yaran oilfield reached to 10.000 b/d.
IRNA news agency added that 6 oil wells shall be utilized in the oilfield out of 18 dug ones.
It is expected that the southern Yaran oilfield will produce about 25.000 b/d, as reported by the
agency.
No figures were given by the Iraqi side on this production.
South Yaran oilfield lies about 130 kilometers west of Ahwaz city, Khuzestan province, south west Iran near the Iraqi borders.
Iraq has five joint oilfield with Iran.
Earlier, Iraqi oil ministry announced signing a memo of understanding on 20 February, 2017 to solve the disputes on the joint oilfields, as well as studying building an oil pipeline to export Kirkuk's oil production via Iran, as well as providing Abadan refinery with Iraqi oil production.
Demonstrations in Iran following the bankruptcy of banks and their inability to pay deposits
23-06-2017 06:00 PM
The Euphrates -
Iranian police have attacked dozens of claimants for their money after gathering in front of the Thamin financial institution in Tehran.
Iranian agencies have posted photographs and video clips of protest rallies for dozens of people affected by the organization's doors in all provinces demanding money back before official bankruptcy.
"After the attack by the Iranian police forces and beating them into the community, they stole our money and then attacked us," said one protester on YouTube.
The BBC website Farsi, quoting sources in the capital Tehran, said police clashed with protesters after chanting slogans to retrieve deposits from the government-backed institution.
According to Iranian websites, the two were surrounded by the head of the institution, who was inside the building, and the police came to rescue him from the angry protesters after the financial institution refused to retrieve the deposits.
Although the institution published a statement, mid-week, denied bankruptcy, but Iranian sites confirm that the institution closed many of its branches in the provinces of Iran; after failing to implement the requests of reviewers, and the financial institutions 'Kaspin' and 'Arman' Iran have raised months ago A sensation within the country, after they failed to return investors' money.
He described the Iranian Minister of Industry, Minerals and Trade, the economic crisis, previously, as 'acute and intractable', asserting that the Iranian banks were paralyzed completely.
"We must admit today that banks in the country have been completely paralyzed and unable to pay deposits and profit," he said. And the legitimate bank benefits of citizens'.
"The problem we face today in the banking sector is the difficulty of reforming the banking system in Iran, as the dilemma is linked to the foundation and the wrong construction of this important financial system.
He pointed out that the financial crisis in the country included various sectors vital and important, in different proportions, such as agriculture, industry, minerals and trade.
Financial and administrative corruption has spread in Iran, and Iranian banks continue to suffer from the problem of non-performing loans, isolating them from the global system because of the sanctions imposed on them.
Iranian agencies have posted photographs and video clips of protest rallies for dozens of people affected by the organization's doors in all provinces demanding money back before official bankruptcy.
"After the attack by the Iranian police forces and beating them into the community, they stole our money and then attacked us," said one protester on YouTube.
The BBC website Farsi, quoting sources in the capital Tehran, said police clashed with protesters after chanting slogans to retrieve deposits from the government-backed institution.
According to Iranian websites, the two were surrounded by the head of the institution, who was inside the building, and the police came to rescue him from the angry protesters after the financial institution refused to retrieve the deposits.
Although the institution published a statement, mid-week, denied bankruptcy, but Iranian sites confirm that the institution closed many of its branches in the provinces of Iran; after failing to implement the requests of reviewers, and the financial institutions 'Kaspin' and 'Arman' Iran have raised months ago A sensation within the country, after they failed to return investors' money.
He described the Iranian Minister of Industry, Minerals and Trade, the economic crisis, previously, as 'acute and intractable', asserting that the Iranian banks were paralyzed completely.
"We must admit today that banks in the country have been completely paralyzed and unable to pay deposits and profit," he said. And the legitimate bank benefits of citizens'.
"The problem we face today in the banking sector is the difficulty of reforming the banking system in Iran, as the dilemma is linked to the foundation and the wrong construction of this important financial system.
He pointed out that the financial crisis in the country included various sectors vital and important, in different proportions, such as agriculture, industry, minerals and trade.
Financial and administrative corruption has spread in Iran, and Iranian banks continue to suffer from the problem of non-performing loans, isolating them from the global system because of the sanctions imposed on them.
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GLOBAL/ NEWS/ INFO
Era of cheap mortgages is almost over
Daily Mail
Era of cheap mortgages is almost over
Daily Mail
Households are currently benefiting from the cheapest home loans on record but the Council of Mortgage Lenders says the housing market has 'stalled' over the last few months. Read the full story
Why your friend has a better credit score than you
USA TODAY
Why does your credit score pale in comparison to your friend's, even though you checked it on the same website, using the same scoring model? Read the full story
OIL / COMMODITIES / ENERGY
These lower oil prices could represent a buying opportunity: Expert
CNBC
Oil prices fell sharply this week on concerns about global oversupply, but now might be the time to buy the commodity. Read the full story
Bear market for oil sector drills energy stocks
USA TODAY
94% of the stocks in the energy sector, are in the red in 2017. The sector, which is down 15% this year, is the worst-performing in the S&P 500. Read the full story
Oil prices edge up as big producers stick to cuts
MarketWatch
Oil prices ticked higher on Friday, capping a tumultuous week for a market that continues to be plagued by a global glut. Read the full story
Why your friend has a better credit score than you
USA TODAY
Why does your credit score pale in comparison to your friend's, even though you checked it on the same website, using the same scoring model? Read the full story
OIL / COMMODITIES / ENERGY
These lower oil prices could represent a buying opportunity: Expert
CNBC
Oil prices fell sharply this week on concerns about global oversupply, but now might be the time to buy the commodity. Read the full story
Bear market for oil sector drills energy stocks
USA TODAY
94% of the stocks in the energy sector, are in the red in 2017. The sector, which is down 15% this year, is the worst-performing in the S&P 500. Read the full story
Oil prices edge up as big producers stick to cuts
MarketWatch
Oil prices ticked higher on Friday, capping a tumultuous week for a market that continues to be plagued by a global glut. Read the full story
On Thursday, the Federal Reserve released the results of round one of its annual "stress test," a yearly exam to determine whether banks can weather a severe recession. Read the full story
China’s Central Bank Has Begun Cautiously Testing a Digital Currency
MIT Technology Review
China’s central bank is testing a prototype digital currency with mock transactions between it and some of the country’s commercial banks. Speeches and research papers from officials at the People's Bank of China show that the bank’s strategy is to introduce the digital currency alongside China’s renminbi. But there is currently no timetable for this, and the bank seems to be proceeding cautiously. Nonetheless the test is a significant step. It shows that China is seriously exploring the Read the full story
Biggest US banks clear first hurdle in Fed's annual stress tests
Business Insider
London, United Kingdom; Kendra Harrison (USA) wins women's 100m hurdles heat in 12.40 in the London Anniversary Games during an IAAF Diamond League meet at Olympic Stadium. WASHINGTON/NEW YORK (Reuters) - The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Although the banks, including household names like JPMorgan Read the full story
How do commercial banks use the 'money multiplier' to create money?
Investopedia
Find out how commercial banks can expand the supply of money in an economy through the fractional reserve system, otherwise called the money multiplier. Read the full story
Fed: Biggest US banks strong enough to withstand recession - Thu, 22 Jun 2017 PST
The Spokesman-Review
All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday. Read the full story
Frankfurt Emerges as Biggest Banking Winner After Brexit
Bloomberg
Frankfurt is emerging as the biggest winner from last year’s Brexit vote, with many of the world’s biggest banks choosing to base their new European Union headquarters in the German city. Standard Chartered Plc, Nomura Holdings Inc. and Daiwa Securities Group Inc. have picked Germany’s financial capital for their EU base to ensure continued access to the single market. Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley are weighing a similar decision, said people familiar with the Read the full story
Policy ponder: central banks head for the Portuguese hills
Reuters
The cool shade of the hills above Lisbon will offer leading central bankers an escape from the summer heat in the coming week, but there is little they can do to get away from their differing monetary policy conundrums. Read the full story
China’s Central Bank Has Begun Cautiously Testing a Digital Currency
MIT Technology Review
China’s central bank is testing a prototype digital currency with mock transactions between it and some of the country’s commercial banks. Speeches and research papers from officials at the People's Bank of China show that the bank’s strategy is to introduce the digital currency alongside China’s renminbi. But there is currently no timetable for this, and the bank seems to be proceeding cautiously. Nonetheless the test is a significant step. It shows that China is seriously exploring the Read the full story
Biggest US banks clear first hurdle in Fed's annual stress tests
Business Insider
London, United Kingdom; Kendra Harrison (USA) wins women's 100m hurdles heat in 12.40 in the London Anniversary Games during an IAAF Diamond League meet at Olympic Stadium. WASHINGTON/NEW YORK (Reuters) - The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Although the banks, including household names like JPMorgan Read the full story
How do commercial banks use the 'money multiplier' to create money?
Investopedia
Find out how commercial banks can expand the supply of money in an economy through the fractional reserve system, otherwise called the money multiplier. Read the full story
Fed: Biggest US banks strong enough to withstand recession - Thu, 22 Jun 2017 PST
The Spokesman-Review
All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday. Read the full story
Frankfurt Emerges as Biggest Banking Winner After Brexit
Bloomberg
Frankfurt is emerging as the biggest winner from last year’s Brexit vote, with many of the world’s biggest banks choosing to base their new European Union headquarters in the German city. Standard Chartered Plc, Nomura Holdings Inc. and Daiwa Securities Group Inc. have picked Germany’s financial capital for their EU base to ensure continued access to the single market. Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley are weighing a similar decision, said people familiar with the Read the full story
Policy ponder: central banks head for the Portuguese hills
Reuters
The cool shade of the hills above Lisbon will offer leading central bankers an escape from the summer heat in the coming week, but there is little they can do to get away from their differing monetary policy conundrums. Read the full story
TREASURIES/ BONDS/ STOCKS
Stocks struggle for direction as investors await data, Fed speakers
MarketWatch
Stocks opened flat Friday as investors awaited economic data and remarks by Federal Reserve speakers while keeping an eye on oil. The S&P 500 rose less than 0.1% to 2,434.70, while the Dow industrials declined 25 points, or 0.1%, to 21,372. The Nasdaq Composite Index was up less than 0.1% at 6,238. Data on activity in the manufacturing and services sector, along with figures on new home sales are due later this morning. St. Louis Fed President James Bullard, Cleveland Fed President Loretta Read the full story
Treasury yields tick up before spate of Fed speakers that could confirm higher-rate path
MarketWatch
Bond traders will be eyeing speeches from St. Louis Fed President James Bullard, Cleveland Fed President Loretta Mester and Fed Gov. Jerome Powell over the course of the day. Read the full story
China stocks fall after increased banking scrutiny; Nikkei flat
MarketWatch
Increased regulatory scrutiny over the borrowings of China’s most prolific overseas deal makers weighed on mainland markets Friday, as trading elsewhere in the Asia-Pacific region was lackluster. Read the full story
CURRENCIES
Dollar drops against major rivals with euro boosted by quarterly economic snapshot
MarketWatch
The dollar slipped against major currencies Friday, dropping versus the euro in particular as the shared currency found traction on an upbeat quarterly eurozone growth reading. Read the full story
Forex - Dollar slips lower vs. rivals amid oil rebound
© Reuters. Dollar loses some ground vs. other majors Read the full story
Pound to euro exchange rate: Sterling climbs BACK after Theresa May’s Brexit dinner
Express
POUND sterling has climbed back this morning after Theresa May attended an EU summit dinner in Brussels during Brexit negotiations. The exchange rate has showed signs of recovery as it jumped to €1.138 today. It climbed from €1.133 yesterday and sits comfortably above a weekly low of €1.131. The pound has risen after Theresa May attended an EU summit dinner last night in Brussels. Read the full story
Forex - EUR/USD rises after mixed E.Z. data, eyes on Brussels summit
© Reuters. Euro gains ground despite mixed E.Z. PMI reports Read the full story
Rupee trades little changed against US dollar in opening trade
Livemint
Mumbai: The Indian rupee on Friday was trading little changed against the US dollar in opening trade. Read the full story
TREASURIES/ BONDS/ STOCKS
Stocks struggle for direction as investors await data, Fed speakers
MarketWatch
Stocks opened flat Friday as investors awaited economic data and remarks by Federal Reserve speakers while keeping an eye on oil. The S&P 500 rose less than 0.1% to 2,434.70, while the Dow industrials declined 25 points, or 0.1%, to 21,372. The Nasdaq Composite Index was up less than 0.1% at 6,238. Data on activity in the manufacturing and services sector, along with figures on new home sales are due later this morning. St. Louis Fed President James Bullard, Cleveland Fed President Loretta Read the full story
Treasury yields tick up before spate of Fed speakers that could confirm higher-rate path
MarketWatch
Bond traders will be eyeing speeches from St. Louis Fed President James Bullard, Cleveland Fed President Loretta Mester and Fed Gov. Jerome Powell over the course of the day. Read the full story
China stocks fall after increased banking scrutiny; Nikkei flat
MarketWatch
Increased regulatory scrutiny over the borrowings of China’s most prolific overseas deal makers weighed on mainland markets Friday, as trading elsewhere in the Asia-Pacific region was lackluster. Read the full story
CURRENCIES
Dollar drops against major rivals with euro boosted by quarterly economic snapshot
MarketWatch
The dollar slipped against major currencies Friday, dropping versus the euro in particular as the shared currency found traction on an upbeat quarterly eurozone growth reading. Read the full story
Forex - Dollar slips lower vs. rivals amid oil rebound
© Reuters. Dollar loses some ground vs. other majors Read the full story
Pound to euro exchange rate: Sterling climbs BACK after Theresa May’s Brexit dinner
Express
POUND sterling has climbed back this morning after Theresa May attended an EU summit dinner in Brussels during Brexit negotiations. The exchange rate has showed signs of recovery as it jumped to €1.138 today. It climbed from €1.133 yesterday and sits comfortably above a weekly low of €1.131. The pound has risen after Theresa May attended an EU summit dinner last night in Brussels. Read the full story
Forex - EUR/USD rises after mixed E.Z. data, eyes on Brussels summit
© Reuters. Euro gains ground despite mixed E.Z. PMI reports Read the full story
Rupee trades little changed against US dollar in opening trade
Livemint
Mumbai: The Indian rupee on Friday was trading little changed against the US dollar in opening trade. Read the full story
USA
Report: Obama ordered cyber 'implants' for Russian network in response to hacking
USA TODAY
The White House anguished over how and when to report publicly about Russian hacking out of concern it could impact the presidential election. Read the full story
Opinion | Some Ways to Put More Oomph in the Fed's Punch
Bloomberg
Conquer your fear. When it comes to monetary policy, there will always be disagreement. Interest rates are a sensitive topic, since they affect everything from bond returns to the price of a mortgage. And monetary policy is confusing, since despite decades of hard work, no one really has a reliable general model of how policy affects the macroeconomy. Add politics to confusion, and the result is a roiling debate that never ends. To help cut through this chaos, many economists have sought a rule Read the full story
EMERGING MARKETS
Are surging emerging market stocks about to tank again?
CBS News
The last time they took a dive, oil and commodity prices were tumbling -- as they are now again Read the full story
Has Argentina confirmed that the bond bull market is well and truly over?
MoneyWeek
Serial defaulter Argentina has issued a 100-year bond. Investors beware, says John Stepek. It’s the sort of thing you can only get away with at the top of the market. Read the full story
Argentina sold $2.75 billion worth of 100-year junk bonds
Business Insider UK
Junk-rated, deficit-plagued, inflation-whacked Argentina just sold $2.75 billion of 100-year dollar-denominated bonds. This was the first time ever that a junk-rated country was able to sell 100-year bonds denominated in a foreign currency, or any currency. Argentina sports a “B” credit rating from Standard & Poor’s. Five notches below investment grade. Deep junk. And 100 years is a very, very long time for Argentina and its regularly beaten-up creditors: Just over the past 65 years, it has Read the full story
USA
Report: Obama ordered cyber 'implants' for Russian network in response to hacking
USA TODAY
The White House anguished over how and when to report publicly about Russian hacking out of concern it could impact the presidential election. Read the full story
Opinion | Some Ways to Put More Oomph in the Fed's Punch
Bloomberg
Conquer your fear. When it comes to monetary policy, there will always be disagreement. Interest rates are a sensitive topic, since they affect everything from bond returns to the price of a mortgage. And monetary policy is confusing, since despite decades of hard work, no one really has a reliable general model of how policy affects the macroeconomy. Add politics to confusion, and the result is a roiling debate that never ends. To help cut through this chaos, many economists have sought a rule Read the full story
EMERGING MARKETS
Are surging emerging market stocks about to tank again?
CBS News
The last time they took a dive, oil and commodity prices were tumbling -- as they are now again Read the full story
Has Argentina confirmed that the bond bull market is well and truly over?
MoneyWeek
Serial defaulter Argentina has issued a 100-year bond. Investors beware, says John Stepek. It’s the sort of thing you can only get away with at the top of the market. Read the full story
Argentina sold $2.75 billion worth of 100-year junk bonds
Business Insider UK
Junk-rated, deficit-plagued, inflation-whacked Argentina just sold $2.75 billion of 100-year dollar-denominated bonds. This was the first time ever that a junk-rated country was able to sell 100-year bonds denominated in a foreign currency, or any currency. Argentina sports a “B” credit rating from Standard & Poor’s. Five notches below investment grade. Deep junk. And 100 years is a very, very long time for Argentina and its regularly beaten-up creditors: Just over the past 65 years, it has Read the full story
MIDDLE EAST
Iraqi PM Haider al-Abadi says total liberation of Mosul will be announced in 'a few days'
International Business Times, UK Edition
At least 150,000 civilians are believed to be trapped in the densely populated old city. Read the full story
Dubai To Build $1.7 Billion Man-Made Islands
The construction boom in Dubai continues. Dubai, the largest and most populated city in the United Arab Emirates (UAE), plans to create two-man made islands and spend nearly $1.7 billion USD doing so. The plan is to fill the man-made islands with tourist resorts. This is the latest in a string of big projects, and the city hopes to attract 20 million visitors by the end of 2020. Marsa Al Arab will span four million square feet over two islands. One island will sport a private marina and luxury Read the full story
Kuwait seeks $3 billion trade volume with Turkey
POST Online Media
Kuwait hopes to attract more Turkish investors, based on its good experiences to date, a visiting Kuwaiti state minister said. The comments of Commerce and Industry Minister Khaled Nasser Abdullah Al-Roudan came during a high-level meeting in Istanbul to evaluate potential coopera... Read the full story
Qatar Seen Rejecting List of Severe Demands to End Gulf Crisis
Bloomberg
Saudi Arabia and its allies presented Qatar with a list of steep demands to end the crisis that has roiled the Gulf for almost three weeks, as diplomats predicted the tiny Gulf state would likely refuse to comply. The 13 requirements include shutting the Al-Jazeera TV network, cutting back diplomatic ties with Iran, severing relations with the Muslim Brotherhood and ending Turkey’s military presence in Qatar, according to two western diplomats in the region familiar with the document, who asked Read the full story
A
FRICA
eNCA | Zim seeks SA investment at Johannesburg conference
Zimbabwean civic society, however, has scorned the investment initiative as nothing but a money-making scheme. Read the full story
Zimbabwe: Locals Hold U.S.$1 Billion in Offshore Accounts
AllAfrica
(Photo: Premium Times) A Parliamentary organ on the national budget has raised concern over a spike in cash held by Zimbabweans in offshore bank accounts, which escalated to nearly $1 billion during the current half of the year. In a first quarter report on the budget performance and outlook, the Parliament Budget Office said "the rapidly increasing stock of deposits held by Zimbabweans in Bank for International Settlements (BIS) reporting banks" was of concern. The report indicated that cash Read the full story
Zimbabwe: Bank Lands Tender for U.S.$200 Million Energy Bonds
AllAfrica
The State Procurement Board has awarded CBZ Bank a tender to float energy bonds to raise $200 million for the Gwanda solar and Gairezi hydro power projects, being undertaken by State power utility Zimbabwe Power Company, with aggregate capacity of 130 megawatts. This follows approval by Government for the local portion of funding needed for the projects to be raised on the domestic market, which will quicken pace of the projects as opposed to raising all the funds offshore. In terms of the Read the full story
MIDDLE EAST
Iraqi PM Haider al-Abadi says total liberation of Mosul will be announced in 'a few days'
International Business Times, UK Edition
At least 150,000 civilians are believed to be trapped in the densely populated old city. Read the full story
Dubai To Build $1.7 Billion Man-Made Islands
The construction boom in Dubai continues. Dubai, the largest and most populated city in the United Arab Emirates (UAE), plans to create two-man made islands and spend nearly $1.7 billion USD doing so. The plan is to fill the man-made islands with tourist resorts. This is the latest in a string of big projects, and the city hopes to attract 20 million visitors by the end of 2020. Marsa Al Arab will span four million square feet over two islands. One island will sport a private marina and luxury Read the full story
Kuwait seeks $3 billion trade volume with Turkey
POST Online Media
Kuwait hopes to attract more Turkish investors, based on its good experiences to date, a visiting Kuwaiti state minister said. The comments of Commerce and Industry Minister Khaled Nasser Abdullah Al-Roudan came during a high-level meeting in Istanbul to evaluate potential coopera... Read the full story
Qatar Seen Rejecting List of Severe Demands to End Gulf Crisis
Bloomberg
Saudi Arabia and its allies presented Qatar with a list of steep demands to end the crisis that has roiled the Gulf for almost three weeks, as diplomats predicted the tiny Gulf state would likely refuse to comply. The 13 requirements include shutting the Al-Jazeera TV network, cutting back diplomatic ties with Iran, severing relations with the Muslim Brotherhood and ending Turkey’s military presence in Qatar, according to two western diplomats in the region familiar with the document, who asked Read the full story
A
FRICA
eNCA | Zim seeks SA investment at Johannesburg conference
Zimbabwean civic society, however, has scorned the investment initiative as nothing but a money-making scheme. Read the full story
Zimbabwe: Locals Hold U.S.$1 Billion in Offshore Accounts
AllAfrica
(Photo: Premium Times) A Parliamentary organ on the national budget has raised concern over a spike in cash held by Zimbabweans in offshore bank accounts, which escalated to nearly $1 billion during the current half of the year. In a first quarter report on the budget performance and outlook, the Parliament Budget Office said "the rapidly increasing stock of deposits held by Zimbabweans in Bank for International Settlements (BIS) reporting banks" was of concern. The report indicated that cash Read the full story
Zimbabwe: Bank Lands Tender for U.S.$200 Million Energy Bonds
AllAfrica
The State Procurement Board has awarded CBZ Bank a tender to float energy bonds to raise $200 million for the Gwanda solar and Gairezi hydro power projects, being undertaken by State power utility Zimbabwe Power Company, with aggregate capacity of 130 megawatts. This follows approval by Government for the local portion of funding needed for the projects to be raised on the domestic market, which will quicken pace of the projects as opposed to raising all the funds offshore. In terms of the Read the full story
ASIA
China’s bond market could be signaling a further economic slowdown
Business Insider UK
In the bond market, an inverted yield curve has often predicted recession in developed economies. So what does the recent inversion of the yield curve in China say about the country’s economic outlook? Since 2005, the yield on the 10-year Chinese government bond (CGB) has exceeded the one-year CGB yield by an average of 100 basis points (bps). An upward-sloping yield curve of this sort is normal in the $3.5 trillion CGB market and, as in most countries, reflects expectations for future policy Read the full story
Shares in Chinese companies plunge as regulator warns of 'systemic risks' to biggest banks
The Independent
Some of China’s largest companies may pose a systemic risk to the country’s banks, a senior banking official said on Thursday, in the latest signal that Beijing is ratcheting up scrutiny of a financial system plagued with hidden debt that poses a hazard to the health of the economy. Read the full story
Asian markets close mixed after sideways trade as oil rises off lows
CNBC
Markets in Asia closed mixed after sideways trade on Friday as oil prices advanced off 10-month lows overnight. Read the full story
EUROPE
Brexit Bulletin: A Year Later
Bloomberg
This time a year ago, polls suggested the U.K. would vote to remain in the European Union, David Cameron was preparing to spend a couple of years crafting his prime ministerial legacy and a pound bought $1.46. Theresa May sought to win back some goodwill by proposing to safeguard the residency rights of the bloc’s citizens currently living in the U.K. Now negotiations are underway to leave the EU, Cameron is preparing his memoirs and a pound buys $1.27. Yet we still don’t really know what form Read the full story
EUROPE
Brexit Bulletin: A Year Later
Bloomberg
This time a year ago, polls suggested the U.K. would vote to remain in the European Union, David Cameron was preparing to spend a couple of years crafting his prime ministerial legacy and a pound bought $1.46. Theresa May sought to win back some goodwill by proposing to safeguard the residency rights of the bloc’s citizens currently living in the U.K. Now negotiations are underway to leave the EU, Cameron is preparing his memoirs and a pound buys $1.27. Yet we still don’t really know what form Read the full story
Opinion: Merkel’s openness to EU reform is a feint for more control
MarketWatch
Chancellor Angela Merkel is being coy about Germany’s willingness to go along with eurozone reforms, but any changes will leave Berlin in a more dominant position, Darrell Delamaide writes. Read the full story
'They didn't want pre-negotiations!' Tory MEP shuts down Labour rival over EU citizens
Express
A TORY MEP has slapped down a riled-up Labour rival who suggested Theresa May had not made a “generous” offer to EU citizens in the UK. Ashley Fox, who represents South West England and Gibraltar in the European Parliament, insisted the Prime Minster had made a “fair and serious” offer with EU nationals being “treated like British citizens”. It comes after offered to allow all 3million of its citizens currently living in the UK to have full residency status. Read the full story
Blessed and Highly Favored:
CBI Update:
Closed on Saturday
Kauaihn Chatter:
6-24-2017 Newshound/Intel Guru Mnt Goat You can go out to the CBI website and witness they are making some changes to the site. I can confirm to you this are educational changes needed for the roll out of the new currency and will be proceeded by news media announcements soon on the changes to their currency. This is what we have been waiting for and will be another sign we are getting VERY close. It will soon be over...Yes – we will see the RV very soon. [post 2 of 2]
6-24-2017 Newshound/Intel Guru Mnt Goat Abadi returns from his short middle east tour of three countries. He concluded it with a major news conference this week. So now we wait for his next news media announcement, which I believe will be the announcement we have all been waiting for these last many years. Iraq is moving on to the next phase of their history and I believe it will one of much less violence, a major rebuilding effort coupled with huge economic growth. [post 1 of 2....stay tuned]
6-24-2017 Newshound/Intel Guru Mnt Goat Abadi returns from his short middle east tour of three countries. He concluded it with a major news conference this week. So now we wait for his next news media announcement, which I believe will be the announcement we have all been waiting for these last many years. Iraq is moving on to the next phase of their history and I believe it will one of much less violence, a major rebuilding effort coupled with huge economic growth. [post 1 of 2....stay tuned]
6-23-2017 Newshound Guru Phillyman ...we await the announcements of Mosuls liberation "in the coming days". I know we are all looking forward to those headlines although I am not one to make the leap forward in my thinking that certainly an RV will follow quickly.
6-23-2017 Newshound Guru mike
Iraq's oil revenue for 2017 so far is projecting roughly $50 billion dollars with an annual payroll for government employees at roughly $48 billion. Iraq's trying to draw down the workforce and lower pay but so far, it's a plan and not a reality. Iraq's current economic model is unsustainable, they need change now.6-23-2017 Intel Guru Frank26 Abadi is not going to Iran to listen or to learn...he is going to Iran as a teacher...to give a lecture...because Iraq has changed...at the speed of light...they will become leaders in the ME...their currency will become stronger...for their country and their citizens...their currency will soon become solidly backed...and they will become a donor nation...Iran...Saudi Arabia...the ME knows this...and they know the importance of Iraq becoming international. The international structure of Iraq IMO is organizing itself and taking shape...it is taking on an international form...
6-23-2017 Intel Guru Delta FAMILY I GOT THE RATE: US Dollar USD 1.2 EURO EUR 1.08565. ITS IN THE WEB SITE ARABIC SITE...WE WILL WAIT AND SEE...THEY ARE PLAYING WITH NUMBERS. FUNNY PART ONLY US, EUR FOR NOW. [LATER POSTED] CBI BACK TO NORMAL RATE NOW ...SOMEONE IN CBI IS PLAYING WITH NUMBERS!
6-23-2017 Newshound Guru Currency365 …currently it’s [the IQD rate] 1184 but…this is the the new CBI site. They’re programing it. They’re coding it. It’s going up and down. If you go to the site you’ll know exactly what I’m talking about. It goes up and down, sometimes service not available. But guess what he found when it was available early this morning? 1.2. 1.2 to 1 USD. That’s the price they’ve been telling us in the articles that they want to start out at right. So 1.2 IQD to 1 USD. There’s nothing surprising about that...You can’t say the CBI doesn’t have 1.20 in their mind because on their own news layout site there’s 1.20 right there. Now of course it’s back to 1184. This is their brand new site…I think they were testing… We did see it and we got a photo of it.
6-23-2017 Intel Guru Bruce The 3 day holiday after Ramadan (June 26th) is a great time as it is the beginning of Eid al-Fitr...a 3 day holiday where everyone gifts one another for 3 days. Great celebrations are planned for those 3 days. Saturday would be a great time for an announcement. Lots of things are going on this week...Liberation of Mosul, chapter 7, escrow funds being recovered, ISX closed, etc. I am expecting it from the close of markets tomorrow [Friday] through the end of weekend. It could have happened today, but looks like it may be a weekend event. I still do not know exact timing. No one does...Thinking that something may come 11:30 am Bagdad time on Saturday.
6-23-2017 Newshound Guru chattels "CBI website has a new look!" "H.E Mr. Ali Muhsin Ismail / Acting Governor and Head of the Executive Board" I believe that the reference to Ismail as the "acting governor" is a change.
6-23-2017 Newshound Guru Kaperoni "CBI website has a new look!" This is a good sign. I know it's easy to just assume they are remodeling there website..but I think its much more. With all the speculation that the banking system must open up to perpetuate international activities to support global investment, this new website to me is much more polished, professional and institutional. We could be getting closer.
6-23-2017 Intel Guru Bruce The 3 day holiday after Ramadan (June 26th) is a great time as it is the beginning of Eid al-Fitr...a 3 day holiday where everyone gifts one another for 3 days. Great celebrations are planned for those 3 days. Saturday would be a great time for an announcement. Lots of things are going on this week...Liberation of Mosul, chapter 7, escrow funds being recovered, ISX closed, etc. I am expecting it from the close of markets tomorrow [Friday] through the end of weekend. It could have happened today, but looks like it may be a weekend event. I still do not know exact timing. No one does...Thinking that something may come 11:30 am Bagdad time on Saturday.
6-23-2017 Newshound Guru chattels "CBI website has a new look!" "H.E Mr. Ali Muhsin Ismail / Acting Governor and Head of the Executive Board" I believe that the reference to Ismail as the "acting governor" is a change.
6-23-2017 Newshound Guru Kaperoni "CBI website has a new look!" This is a good sign. I know it's easy to just assume they are remodeling there website..but I think its much more. With all the speculation that the banking system must open up to perpetuate international activities to support global investment, this new website to me is much more polished, professional and institutional. We could be getting closer.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
The latest developments in the battle of the old city in Mosul, according to the media cell
24-06-2017 01:38 PM
Readers
Baghdad News -
The military information cell revealed on Saturday the losses of the terrorist organization 'Da'ash' in the old city of Mosul, while the collapse of the enemy ranks as a result of the continuous heavy blows to the strongholds.
"The leadership of the federal police forces continue to fight the battles in the southern axis and progress towards the goals set in the old city, the last areas under the control of terrorist elements," said the military information cell in a statement received 'Baghdad News' copy of it.
The statement said that the elements of Dahesh 'is still besieged by our units and progress on three axes, which is 3 blocks according to 5 people according to 6 a'.
"The forces have made progress in the depth of the old city and are pursuing the terrorist elements. The strikes of their strongholds have been raging. The enemy's ranks have collapsed as a result of the heavy blows, and many casualties have been inflicted on people, weapons and equipment.
According to a statement by the military information cell, 115 terrorists were killed, 12 snipers were killed, an explosive belt was dismantled, two warehouses were destroyed, an enemy walker was destroyed, 10 explosive devices were destroyed and a mortar detachment was destroyed.
The statement added that the rapid reaction squad continues to clean up liberated areas and besieged the Republican Hospital in Al-Shifa neighborhood.
"The leadership of the federal police forces continue to fight the battles in the southern axis and progress towards the goals set in the old city, the last areas under the control of terrorist elements," said the military information cell in a statement received 'Baghdad News' copy of it.
The statement said that the elements of Dahesh 'is still besieged by our units and progress on three axes, which is 3 blocks according to 5 people according to 6 a'.
"The forces have made progress in the depth of the old city and are pursuing the terrorist elements. The strikes of their strongholds have been raging. The enemy's ranks have collapsed as a result of the heavy blows, and many casualties have been inflicted on people, weapons and equipment.
According to a statement by the military information cell, 115 terrorists were killed, 12 snipers were killed, an explosive belt was dismantled, two warehouses were destroyed, an enemy walker was destroyed, 10 explosive devices were destroyed and a mortar detachment was destroyed.
The statement added that the rapid reaction squad continues to clean up liberated areas and besieged the Republican Hospital in Al-Shifa neighborhood.
Military leaders: What remains for Daash 500 square meters holed inside 200 extremists in the old Mosul
24-06-2017 01:23 PM
The Euphrates -
Military and security sources announced that the joint forces will enter the center of the old city after the arrival of units of the federal police and the army near the remains of the mosque Nuri, while the special forces to evacuate civilians to safe areas.
It is reported that all that is left to evade about 500 square meters in the center of the old city, encircled by less than 200 extremists, including snipers and suicide bombers, with quantities of explosives and mortars, this information is the latest command of the military operations ordered to stand on the line One contact with the anti-terrorist apparatus to break into the heart of the old city. The command also pointed out that its joint forces include an army division, a federal police force and rapid response units that have reached counter terrorism in the middle of Al-Faruq and its neighborhood, and a short distance from the remaining Nuri Mosque and Al-Hadbaa minaret.
While the field commanders explained that the organization used in the three battle axes mortar shells and some snipers, broke out after direct confrontations suffered heavy losses. The joint operations say that the fighting has gone to the benefit of its forces, and has also saved thousands of civilians.
Ayad al-Obeidi and Ayad al-Jumaili are the most prominent candidates to succeed al-Baghdadi
24-06-2017 01:41 PM
The Euphrates -
If the news of the killing of the leader of the organization, Abu Bakr al-Baghdadi, is confirmed, he is likely to be succeeded by one of his top two aides, two former Iraqi army officers.
Hisham al-Hashemi, an expert on extremist groups, revealed a clear candidate to succeed al-Baghdadi, but they consider Ayad al-Obeidi and Ayad al-Jumaili the strongest candidates.
The Russian Defense Ministry said last week that Baghdadi was probably killed in an air strike in Syria. Interfax news agency quoted a senior Russian parliamentarian as saying Friday that the chances of his death were close to 100 percent.
But armed groups fighting in the area and US officials say there is no evidence of his death. Many officials in the region have expressed skepticism about reports of his death.
Obeidi, in his 50s, is the war department of the organization, while Jumaili, in his forties, is the agency responsible for security in the organization. Iraqi state television reported in April that Jumaili had been killed but that had not yet been confirmed.
The two joined the insurgency in 2003 after the US occupation of Iraq that toppled Saddam Hussein.
The two became Baghdad's top aides since his deputy Abu Ali al-Anbari, Abu Omar al-Checheni, the former war minister, and Abu Mohammed al-Julani, a propaganda official, were killed in air strikes last year.
Hisham al-Hashemi, an expert on extremist groups, revealed a clear candidate to succeed al-Baghdadi, but they consider Ayad al-Obeidi and Ayad al-Jumaili the strongest candidates.
The Russian Defense Ministry said last week that Baghdadi was probably killed in an air strike in Syria. Interfax news agency quoted a senior Russian parliamentarian as saying Friday that the chances of his death were close to 100 percent.
But armed groups fighting in the area and US officials say there is no evidence of his death. Many officials in the region have expressed skepticism about reports of his death.
Obeidi, in his 50s, is the war department of the organization, while Jumaili, in his forties, is the agency responsible for security in the organization. Iraqi state television reported in April that Jumaili had been killed but that had not yet been confirmed.
The two joined the insurgency in 2003 after the US occupation of Iraq that toppled Saddam Hussein.
The two became Baghdad's top aides since his deputy Abu Ali al-Anbari, Abu Omar al-Checheni, the former war minister, and Abu Mohammed al-Julani, a propaganda official, were killed in air strikes last year.
Military leaders: What remains for Daash 500 square meters holed inside 200 extremists in the old Mosul
24-06-2017 01:23 PM
The Euphrates -
Military and security sources announced that the joint forces will enter the center of the old city after the arrival of units of the federal police and the army near the remains of the mosque Nuri, while the special forces to evacuate civilians to safe areas.
It is reported that all that is left to evade about 500 square meters in the center of the old city, encircled by less than 200 extremists, including snipers and suicide bombers, with quantities of explosives and mortars, this information is the latest command of the military operations ordered to stand on the line One contact with the anti-terrorist apparatus to break into the heart of the old city. The command also pointed out that its joint forces include an army division, a federal police force and rapid response units that have reached counter terrorism in the middle of Al-Faruq and its neighborhood, and a short distance from the remaining Nuri Mosque and Al-Hadbaa minaret.
While the field commanders explained that the organization used in the three battle axes mortar shells and some snipers, broke out after direct confrontations suffered heavy losses. The joint operations say that the fighting has gone to the benefit of its forces, and has also saved thousands of civilians
Three of the most prominent leaders of "Dahesh" were killed in Tal Afar
http://translate.
Baghdad - Najla al-Tai
Iraqi security forces have imposed strict security measures on the left side of the city of Mosul for fear of new attacks by the Da'ash organization . Iraqi Education Minister Muhammad Iqbal warned that the organization's crimes will only end with total eradication. The federal police confirmed that the organization "Da'ash" lost 60% of its defense capabilities and vital offices, in the old Mosul area, on the right side of the city. A source in the Iraqi Joint Operations Command said that the neighborhoods of the eastern part of Mosul witnessed, early Saturday morning, the arrival of large numbers of local police and the Iraqi army, adding that these forces spread at the entrances and exits of residential areas, and carried out a search campaign in some areas.
The source pointed to the establishment of multiple checkpoints to check the papers of vehicles and identities of pedestrians, indicating that these actions came because of fear of renewed attacks on the neighborhoods of the left coast of Mosul, which was announced by Iraqi forces, previously, the full liberation. The Iraqi authorities in Mosul, on Friday evening, a curfew on the neighborhoods on the left side of the city, after the security breaches and suicide bombings that took place there. In a statement, three Iraqi suicide bombers wearing explosive belts blew themselves up in Al-Muthanna district, east of Mosul, A number of citizens were killed and wounded.
Iraqi Education Minister Mohammad Iqbal condemned Saturday the suicide bombings that hit the Muthanna district on the city's left coast, pointing out in a brief statement that the crimes would only end with the total eradication of the organization. In January, Iraqi forces said they completely liberated the left side of Mosul, after three months of fighting in the battle to restore Mosul from the Da'ash control, which began on October 17, 2016. Last April, , The task of maintaining security on the left side of the Mosul to the commander of military operations in Nineveh, Major General Najm Jubouri, on the order of the commander-in-chief of the armed forces, the Iraqi Prime Minister, Haider Abadi.
In contrast, the federal police confirmed that the organization "Da'ash" lost 60% of its defense capabilities and vital offices in the old Mosul area, on the right side of the city. In a statement read by "Arabs Today," Federal Police Chief Raed Shaker Jawdat said that a "preacher" was defeated in the old city and lost 60% of his defensive capabilities and vital offices. "Our forces are fighting a tactic aimed at luring elements of the organization and isolating them away from civilians and overcrowded areas. The sniper battalion controls the alleys and road junctions in Bab al-Bayd." Our marines bombed a convoy of the two thugs while trying to escape from a new door, .
Of the seven districts comprising the old Mosul area, the "Da'ash" organization now controls only three districts, Bab Sinjar, Farouk and Sargakhana. The old Mosul area represents the main challenge for the Iraqi forces in the campaign to liberate the city, because of its narrow and complex alleys, which makes military vehicles unable to enter, as well as the overcrowding of civilians. A local source in Nineveh province reported that three of the most prominent leaders of the Da'ash organization in Tal Afar district, west of the province, were killed in a bombardment targeting a meeting. The source said that three of the most prominent leaders of the "da'ash" in Tal Afar, including the head of the army's bureau in the organization, were killed in air strikes targeted a meeting for them. The source, who asked not to be named, that the bombing killed many of the companions of the three leaders, That the addressees where the meeting was held were bombed twice. Tal Afar is one of the largest districts in Nineveh province, which fell into the hands of Da'ash after June 2014 and is now one of the most important strongholds of the organization, while Iraqi forces are preparing to launch a military operation to regain control of the judiciary.
A local source in Nineveh province said Saturday that the Da'ash organization published a surprise circular in most of Tal Afar mosques, calling on its members to wait for an important statement about the organization's leader, Abu Bakr al-Baghdadi. The source said that the organization issued a surprise circular with the first morning hours, in most of the mosques in Tal Afar, in addition to its headquarters, calling to watch for an important statement on the leader of the organization. The source added that he did not know the nature of the statement, which he intends to "broadcast" broadcast, but there is a state of confusion is clear, as if talking about the killing of al-Baghdadi has become a reality, expected Al-Khobar or exile during the coming period.
In Ramadi, a security source in Anbar province said Saturday that a battalion of Ramadi tribesmen had taken control of the 160-Nukhayb road, southwest of Anbar. The source said that the sixth regiment in the mobilization of the tribes of Ramadi moved from the eastern sector of Ramadi, and took control of the segment of the area of Kilo 160, west of the city, to the Nukhayb (400 kilometers), and the road between them. He added that the regiment equipped with weapons and mechanisms of self, pointing out that the People's Assembly has not equipped the regiment only with some light weapons. It is noteworthy that the fighters of the Anbar tribes in the crowd are participating with the security forces in the liberation of cities raped by "Daash", while the fighters control the cities after the liberation with the army and police.
Politically, Iraqi Parliament Speaker Saleem al-Jubouri revealed in a press conference a conference of effective opposition forces in Baghdad next month, the first of its kind under international and international auspices, as well as the effects of the Gulf crisis on the political situation in Iraq. Jubouri said that the dialogues with the various Iraqi parties, representatives of the liberated areas, which will be liberated, have yielded positively, stressing the need to convene a conference of these personalities in Baghdad. He pointed out that a conference will be held in the middle of next July, in which the political consensus will be revealed under the care and care of the Iraqi state and the United Nations, and understanding with all partners who can not be ignored. He pointed out that this is the first time that a conference is held in Baghdad, saying: "Who wants to oppose the government to be inside Iraq and participate in the inclusive conference of representatives of the liberated provinces, namely Anbar, Baghdad, Nineveh, Salahuddin, Kirkuk and Diyala, in Baghdad, or announce Supported the outcome of the Conference with a statement from inside Iraq as well.
Al-Jubouri said that those who refuse to participate under the framework of the state will not hear from him. The conference will be attended by Rafie al-Issawi, Saad al-Bazaz and Khamis al-Khanjar under the auspices of the state and with regional and international blessing. In order to stop the causes of the emergence of the organization, as well as the implementation of reconstruction and rehabilitation programs and the return of displaced people to their cities, and the extension of security and non-repetition of the mistakes that occurred before the attack, "Daash," in 2014. On his recent visit to Qatar, Jubouri said that the visit came within the official invitation of Iraq, And not only to Qatar, but to other countries, but the visit coincided with the crisis, etc. Which is considered very disturbing and inappropriate, especially for Iraq, the crisis was reflected in an unfaithful to everyone, to erupt at a time when the Arab environment began to understand the Iraqi file and cares positively, in an attempt to help Iraq and strengthen its unity in all ways, I certainly influenced it. As for the date of the upcoming elections, the Speaker of the House of Representatives indicated that they will be held on time. "We have no intention of postponing them. We will work to pass the election law, but we must also not forget that there are still problems, we have un-liberated areas, Liberated areas and their people have not returned to them. There are millions of displaced people. At the same time, we have a bigger problem: the weapons used in Iraq extensively outside the country, and the state of terrorism that is happening to the population in some liberated areas, in order to pressure them in favor of specific political parties, And intimidation affect the election in general. "
"All the obstacles that have been mentioned must be removed so that we can be ready for real democratic elections. Currently, the preliminary indications are that the situation is no longer possible for provincial elections in September, and elections can be held jointly by the parliament and provincial councils In one day, early next year.
After a series of suicide bombings, the security authorities impose a curfew on the outskirts of Mosul
http://translate.
.The security forces imposed a curfew on the right side of the city of Mosul after a series of suicide bombings targeting one of its neighborhoods, an official security source said on Saturday.
The source told Ashqaf News that the security forces imposed a curfew on the left side of the city of Mosul on the back of the suicide attack in the Muthanna district.
The media cell reported that the dead and wounded were killed on Friday evening by suicide bombings on the left side of the city of Mosul.
The cell said in a statement to the twilight News that three suicide bombers wearing explosive belts blew themselves up in the Muthanna district of the left coast of Mosul.
She added that "the terrorist attack resulted in the death and wounding of a number of citizens," without giving further details.
Security chief: Da'ash loses 60% of his defense capabilities in his last stronghold in Mosul
(Reuters) - The leader of a pro-Syrian organization has lost 60 percent of his defense capabilities and vital offices in the old district, the last bastion of a militant organization in the city of Mosul in mid-2014, federal police chief Major-General Raed Shaker Jodat said on Saturday.
The President of the Kurdistan Region Massoud Barzani, and the federal government, Haidar Abadi, said last week that the issue of restoring control of Mosul from the grip of the militant organization will be in the coming days.
"Our forces are fighting with a tactic aimed at luring elements of the organization and isolating them from civilians and overcrowded areas," Jodat said in a statement. "We are defeated in the old city and lose 60 percent of its defensive capabilities and vital facilities."
He added that "the sniper battalion controls the alleys and intersections in the door of the eggs," noting that "our aircraft bombed a convoy of Alushash fled from a new door towards the Sargakhana and expected losses in their ranks."
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