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
- PM Abadi accepts the resignation of the Finance Minister. (Some might see this as a delay, but it was "supposedly" agreed that he would not resign before all of the calculations and numbers for revaluation were agreed and established.)
- Iraqi TV is showing that the Command Center map is not showing any gains but reportedly only 2% is remaining. The news focus has changed to the resigning Finance Minister.
- Iraqi TV reports ISIS preparing for its' last battle at the mosque. And indicating that the reconciliation announcement will happen after the conclusion of Ramadan. (Remember, you can't believe 100% of the news, its flawed to a certain degree.) #wearethepeople.
Now that the sun has gone down over there, let's see what happens next!!!!! 😊
Word on the Street Thursday 6/1/17:
TNT CONFERENCE CALL WEDNESDAY 5/31/17 DC NY CALL RECAP:
Good afternoon TNT Superfantastic Family. Today is Wednesday Hump Day. We will review what has happened . Recapping the info out there and updates over the weekend, Full scale assault of villages and public based on full scale in Mosul and was expected. Citizens are being told 72 hours to reach Mosul. CBI governor on TV and it will be soon. The final battle should be over Wednesday. One area was left and captured other bridges and hospitals. Monday's info Abadi was in Mosul in person which could be very risky to do. Anyway there was talks on TV celebrating projecting completion on June 10. IMF meeting with CBI today. Citizens were urged to evacuate areas and full liberation expected in one week. We are starting to hear from bankers and the RV happening in a week. Info this morning we sent out Iraq TV reporting complete liberation of Mosul coming soon. However, there was nothing about complete 100% liberation. In addition, we received banking information, and some having some new disclosure material for foreign currency exchange and supposed to be released to the public. Looking for new info on foreign currency exchange procedures which is good. Q and A: Q What does June 10th mean to you? Ray: The anniversary date that ISIS took over 3 years ago, and this would be an anniversary of Iraq being liberated. Q: Heard No RV to second quarter of 2017. Ray: That is speculation, and our best sources are saying this is done done done. It could be released in the next few days. Just be ready Q: Did the VND depeg from the dollar? Ray: I did not hear that. Q: What are we hearing about the RV? Ray: Other countries RVing their currencies is the GCR. I am speaking regarding Iraq. When Iraq goes, everyone will follow behind. Callers: 865 Catnip: As far as what June 10th means to me and the RV happening today would mean TNT Superfantastic project. With respect to the big gains being made in the old city of Mosul, is there any indication how close they got to the Al Nouri mosque? Ray: I have not received any information pertaining to that. The other question is when was the last time you ever heard from your Iraqi sources? Ray: Different times and mainly the night time.Catnip: They don't mind bothering you if it is 1,2,3 am in the morning? Ray: Right and I have some folks and that is what they live for. Catnip: We are at the end of the month and still have a couple of hours and hoping they might be calling you with more inforrmation.So we still have a chance you might be hearing from them? Ray: Oh sure, since the news we are getting is late and not to the public minute. Catnip: So lets hope they take that hint and do something about it. Caller: You were talking about it coming soon? What does that mean? Ray: For the longest time, we heard the coming days, and how many days did it mean? What does very soon mean in their terminology? We went from 93 to 98% liberation in Mosul and will take 9 more days. I don't think so. Caller: 910: First time caller, I was told that deleting the zero would take some time and a slow process? Ray: I don't know what info you were listening to. Ray Wrap Up: This is a nice short session. Our best Iraq sources say it is done, and it is on the news. It is lagging behind and the news is old. All we can do is just be ready and know what you are going to do. A lot of scuttlebutt about 800 numbers, and I have not heard anything yet personally. Generally if I don't bring something to you on this call, more than likely I don't have it to bring, confirm or deny. If you get other info get substance, and then you will know if it is true of not. Info with no substance is worthless to me. I tell you where I get my info from Iraq, and others and they share what they hear. We piece it all together, and it doesn't always mean it is true to form. Our people tell us the best they can at the moment in time. Knowing change is prevalent in this process, substance allows you accept the information. I tried to give you as much substance as possible. That is the best I can do with info. Now, while we await 800 numbers, if and when they show up that will be a great plus. I personally feel like we have something more important. That is 49 banks that trade Iraq dinar today. The best thing you can do is have your currency verified on site, so we put together a data base of banks that verify on site. We are letting the banking community know, we will go to the banks that will do business with us. Thank you to all that sent in bank info to me. We are just waiting and most of you should be ready at this point. First people going in looking maybe for the contract rate. So we wait for more into and it is the end of the month. All were focused on it being done by the end of the month. I can't see it dragging many more days justifiably. When economic reforms have been completed, we should see the values change on the currency. All that remains to be seen and wait for is the realities to surface. If Iraq revalues and the CBI updates, then it surfaced. Then we will be ready for it. Stick to your plan, and if something happens I will let you know. Enjoy today and if anything pops in, I will inform you and reconvene. I am excited! What about you? Rayren 98
Date of release: 2017/5/31 12:33 • 66 times scheduled
(Baghdad: Al-Furat News) The Prime Minister, Commander-in-Chief of the Armed Forces Haider al-Abadi, issued a set of measures and orders to lead Baghdad operations to contribute to maintaining security in the capital and protecting the lives of citizens.
A statement of his office received the agency {Euphrates News} a copy of it, that Abadi "visited the headquarters of the Baghdad Operations and meeting leaders, where he was briefed on security plans in the capital Baghdad after the terrorist bombings that targeted citizens in Karrada and the Department of Retirement. "The importance of thwarting the schemes of the enemy, which receives defeats at the hands of our heroes on the fronts of fighting and trying to destabilize the security of citizens." The prime minister stressed that "anyone who wants to tamper with the lives of innocent people and not allow him to carry out his plans, especially as we cover the last black pages, must be punished." Two car bombs exploded on Monday and Tuesday in Karrada and Salihiya, killing 35 people and wounding more than 50 others.
Washington strongly condemns the bombing of Baghdad and confirms its support for Iraq against a supporter
The US State Department condemned in the strongest terms the bombings that targeted the Karrada and Salihiya areas of Baghdad yesterday and yesterday, and reported dozens of casualties.
"These brutal attacks, which have claimed the lives of many innocent Iraqis, including children and the elderly, once again show the brutality of the enemy we face," foreign ministry spokeswoman Heather Noiret said in a statement Tuesday. She stressed the commitment of the United States to support the Government of Iraq and its people in its struggle against the "Da'ash". Two car bombs exploded on Monday and Tuesday in Karrada and Salihiya, killing 35 people and wounding more than 50 others
Al-Abbadi government delays the reconstruction of the Mosul dam .. A US newspaper confirms the existence of a fracture in one of its parts threatens the lives of four million people (details)
31-05-2017 01:08 PM
Readers
Baghdad News -
The Mosul dam may face devastating damage unless it undergoes immediate repairs, while the Iraqi government delays steps in how to proceed with the reconstruction of the dam.
A report in the USA Today newspaper said a crack in one of the 370-foot-high sections of the dam could put the lives of 4 million people in danger by sending floodwaters to more than 200 miles downstream toward the capital Baghdad, swallowing villages, To fields, causing economic damage worth up to 20 billion dollars, according to the estimates of the Corps of Engineers in the US military.
The Iraqi government has postponed a decision to renew the contract with an Italian engineering company managed by the Engineers Corps, when the old contract ends this year.The government may try to implement the reforms required to plug itself; to save expenditures at a time when it feels pressured by the cost of a war against a terrorist organization.
"The Iraqi government is very optimistic about the level of reforms needed for the dam, and therefore will not renew the contract," said US Army Corps of Engineers chief Todd Todd Simonnet, adding that time was running out while the government was considering the decision.Pointing out that he expected to take another two months, and in the end we can also get a decision or not.
"The danger posed by the dam is still very high," said one of the officials responsible for the security of the dam in the Engineers' Corps.
The paper quoted an analyst as saying that the Iraqi government is facing deep political divisions that in turn postpone important decisions, in addition to the financial crisis, which further hinders decision-making.
The current contract with Trevi Group is worth $ 300 million, part of which is financed by the World Bank and other loans.The dam will require at least another year of intensive work before it becomes stable, according to estimates by the US Army Corps of Engineers.
USA Today explained that one of the main reasons for the renewal of the contract is that the Italian company and American engineers are employing new methods and technology in the work of reforms, which is still the Iraqi workers lack it.
Analysts advise the divided Iraqi government to cooperate, focus and recognize the need to spend money on dam reforms, keeping in mind that this is not a political issue, but a humanitarian one.
Al-Abbadi government delays the reconstruction of the Mosul dam .. A US newspaper confirms the existence of a fracture in one of its parts threatens the lives of four million people (details)
31-05-2017 01:08 PM
Readers
Baghdad News -
The Mosul dam may face devastating damage unless it undergoes immediate repairs, while the Iraqi government delays steps in how to proceed with the reconstruction of the dam.
A report in the USA Today newspaper said a crack in one of the 370-foot-high sections of the dam could put the lives of 4 million people in danger by sending floodwaters to more than 200 miles downstream toward the capital Baghdad, swallowing villages, To fields, causing economic damage worth up to 20 billion dollars, according to the estimates of the Corps of Engineers in the US military.
The Iraqi government has postponed a decision to renew the contract with an Italian engineering company managed by the Engineers Corps, when the old contract ends this year.The government may try to implement the reforms required to plug itself; to save expenditures at a time when it feels pressured by the cost of a war against a terrorist organization.
"The Iraqi government is very optimistic about the level of reforms needed for the dam, and therefore will not renew the contract," said US Army Corps of Engineers chief Todd Todd Simonnet, adding that time was running out while the government was considering the decision.Pointing out that he expected to take another two months, and in the end we can also get a decision or not.
"The danger posed by the dam is still very high," said one of the officials responsible for the security of the dam in the Engineers' Corps.
The paper quoted an analyst as saying that the Iraqi government is facing deep political divisions that in turn postpone important decisions, in addition to the financial crisis, which further hinders decision-making.
The current contract with Trevi Group is worth $ 300 million, part of which is financed by the World Bank and other loans.The dam will require at least another year of intensive work before it becomes stable, according to estimates by the US Army Corps of Engineers.
USA Today explained that one of the main reasons for the renewal of the contract is that the Italian company and American engineers are employing new methods and technology in the work of reforms, which is still the Iraqi workers lack it.
Analysts advise the divided Iraqi government to cooperate, focus and recognize the need to spend money on dam reforms, keeping in mind that this is not a political issue, but a humanitarian one.
Al-Abbadi government delays the reconstruction of the Mosul dam .. A US newspaper confirms the existence of a fracture in one of its parts threatens the lives of four million people (details)
The Mosul dam may face devastating damage unless it undergoes immediate repairs, while the Iraqi government delays steps in how to proceed with the reconstruction of the dam. A report in the USA Today newspaper said a crack in one of the 370-foot-high sections of the dam could put the lives of 4 million people in danger by sending floodwaters to more than 200 miles downstream toward the capital Baghdad, swallowing villages, To fields, causing economic damage worth up to 20 billion dollars, according to the estimates of the Corps of Engineers in the US military.
The Iraqi government has postponed a decision to renew the contract with an Italian engineering company managed by the Engineers Corps, when the old contract ends this year. The government may try to implement the reforms required to plug itself; to save expenditures at a time when it feels pressured by the cost of a war against a terrorist organization.
"The Iraqi government is very optimistic about the level of reforms needed for the dam, and therefore will not renew the contract," said US Army Corps of Engineers chief Todd Todd Simonnet, adding that time was running out while the government was considering the decision. Pointing out that he expected to take another two months, and in the end we can also get a decision or not.
"The danger posed by the dam is still very high," said one of the officials responsible for the security of the dam in the Engineers' Corps. The paper quoted an analyst as saying that the Iraqi government is facing deep political divisions that in turn postpone important decisions, in addition to the financial crisis, which further hinders decision-making.
The current contract with Trevi Group is worth $ 300 million, part of which is financed by the World Bank and other loans. The dam will require at least another year of intensive work before it becomes stable, according to estimates by the US Army Corps of Engineers. USA Today explained that one of the main reasons for the renewal of the contract is that the Italian company and American engineers are employing new methods and technology in the work of reforms, which is still the Iraqi workers lack it.
Analysts advise the divided Iraqi government to cooperate, focus and recognize the need to spend money on dam reforms, keeping in mind that this is not a political issue, but a humanitarian one.
A media war between Barzani and Maliki .. The third mandate and fuel
The differences between the leader of the "state of law" and the president of the Kurdistan region Massoud Barzani, after the response of the Kurdistan Regional Presidency, strongly on the statements of Vice President Nuri al-Maliki, accusing him of "a source of failure and calamities" suffered by Iraq.
While describing the Vice President of Iraq, Nuri al-Maliki's internal policy of Barzani, "violent, and uniqueness, and lacks any legal cover," pointing out that "Barzani governs the Kurdish way of the elders of the Kurdish tribes previously."
MP for the "coalition of law," led by Nuri al-Maliki Mohammed Chihod, told the «Journal News» that "the statements made by the provincial government stems from hatred, the fact that Maliki has stood in the aspirations of the President of the region Massoud Barzani expansionist Arab regions."
He added: "Barzani has ungrateful positions on the Iraqis as a safe haven (for evildoers) and assassins in addition to his significant contribution to support platforms humiliation and humiliation in the Western provinces and the convening of foreign conferences that seek to destroy the political process in Baghdad.
"The statements of the region are irresponsible and do not reflect the point of view of the Kurdish people because they reject the political Masoud, especially since Massoud is lost to legitimacy and dominates the capabilities of the Kurdish people," he said.
The Chihod called on the Iraqi government to deal with the legitimate representative of the Kurdish people and intersect with Barzani.
While considered the Democratic Party, led by Massoud Barzani, the comments of the territorial government a natural reaction to Maliki, noting that "Maliki's comments came as a result of the standing of the Democratic Party against Maliki's assumption of a third term."
The MP for the Democratic Party Majid Shankali for «Journal News» that "Maliki's statements early election propaganda and intended to deepen the differences between the government of Baghdad and the region."
He added that "Maliki is seeking to re-gain the Iraqi street again after losing popular support through repeated targeting of the Kurds, and the Democratic Party will again to prevent the Maliki's new mandate in Iraq."
"Sunni Arabs and Shiites have turned their struggle into a national struggle for electoral reasons, by attacking the Kurds to win the electoral street," he said.
Hashemi: "Hackers" internal may be behind the breakthrough site "national security"
The researcher revealed "armed groups" Hisham al-Hashemi, on Thursday, the reasons for penetrating the site of the "national security" of Iraq, and called on the government to investigate the matter and fortify its security.
Al-Hashemi said in a statement to the Journal News that this dangerous penetration is due to "the weakness of immunization, which is placed by the national security on the site, in addition to the mechanism of access to the site may be from local Internet networks and not as private as in the National Intelligence Service," adding: In addition, the mechanism of penetrating the site indicates that hackers is close to the employees of the website or has sent them links on their devices, which facilitated the entry process.
The security expert, confirmed that "Western countries such as the United States, France and Britain, when the penetration of their websites has tracked the infiltrators and brought to justice and revealed their names, and the Iraqi government required to investigate with hackers sensitive security sites and protect its electronic security."
Hashemi concluded his statement, stressing that "the diversion of documents may harm the security of the state and the security workers to secure their network and the development of their own network and the non-participation of the devices and links with other networks."
The website of the "National Security" (NSS) on Tuesday was exposed to anonymous infiltration, revealing that they had received 6,000 classified documents that had been sent to the ministries and other security services
Reuters Vietnam to sign deals for up to $17 billion in U.S. goods, services: prime minister
(Reuters) - Vietnamese Prime Minister Nguyen Xuan Phuc said on Tuesday he would sign deals for U.S. goods and services worth $15 billion to $17 billion during his visit to Washington, D.C., mainly for high technology products and for services.
"Vietnam will increase the import of high technologies and services from the United States, and on the occasion of this visit, many important deals will be made," Phuc told a U.S. Chamber of Commerce dinner.
Phuc, who is due to meet with U.S. President Donald Trump on Wednesday at the end of a three-day visit to the United States, did not provide any further details of the transactions.
GE Power Chief Executive Officer Steve Bolze told the dinner that General Electric Co (GE.N) will sign new business worth about $6 billion with Vietnam, but also offered no details.
Phuc's comments came after U.S. Trade Representative Robert Lighthizer expressed concern about the rapid growth of the U.S. trade deficit with Vietnam, saying this was a new challenge for the two countries and he was looking to Phuc to help address it.
"Over the last decade, our bilateral trade deficit has risen from about $7 billion to nearly $32 billion," Lighthizer said. "This concerning growth in our trade deficit presents new challenges and shows us that there is considerable potential to improve further our important trade relationship."
Lighthizer and other Trump administration trade officials have pledged to work to reduce U.S. bilateral trade deficits with major trading partners. The $32 billion deficit with Vietnam last year -- the sixth largest U.S. trade deficit -- reflects growing imports of Vietnamese semiconductors and other electronics products in addition to more traditional sectors such as footwear, apparel and furniture.
The trade issue has become a potential irritant in a relationship where Washington and Hanoi have stepped up security cooperation in recent years given shared concerns about China’s increasingly assertive behavior in East Asia.
In a meeting on Tuesday, Trade Minister Tran Tuan Anh told Lighthizer about Vietnam's views and solutions to some U.S. concerns, such as advertising on U.S. social media, electronic payment services and imports of information security and farm products, the southeast Asian nation's trade ministry said.
Vietnam also urged the United States to remove an inspection program on catfish, speed import licenses for its fruit and make fair decisions on anti-dumping and anti-subsidy measures on Vietnamese products, the ministry said in a statement.
Phuc's meeting with Trump makes him the first southeast Asian leader to visit the White House under the new administration.
It reflected calls, letters, diplomatic contacts and lower-level visits that started long before Trump took office in Washington, where Vietnam retains a lobbyist at $30,000 a month.
Vietnam was disappointed when Trump ditched the 12-nation Trans-Pacific Partnership (TPP) trade pact, in which Hanoi was expected to be one of the main beneficiaries, and focused U.S. trade policy on reducing deficits.
.
.
Al-Abbadi government delays the reconstruction of the Mosul dam .. A US newspaper confirms the existence of a fracture in one of its parts threatens the lives of four million people (details)
31-05-2017 01:08 PM
Readers
Baghdad News -
The Mosul dam may face devastating damage unless it undergoes immediate repairs, while the Iraqi government delays steps in how to proceed with the reconstruction of the dam.
A report in the USA Today newspaper said a crack in one of the 370-foot-high sections of the dam could put the lives of 4 million people in danger by sending floodwaters to more than 200 miles downstream toward the capital Baghdad, swallowing villages, To fields, causing economic damage worth up to 20 billion dollars, according to the estimates of the Corps of Engineers in the US military.
The Iraqi government has postponed a decision to renew the contract with an Italian engineering company managed by the Engineers Corps, when the old contract ends this year.The government may try to implement the reforms required to plug itself; to save expenditures at a time when it feels pressured by the cost of a war against a terrorist organization.
"The Iraqi government is very optimistic about the level of reforms needed for the dam, and therefore will not renew the contract," said US Army Corps of Engineers chief Todd Todd Simonnet, adding that time was running out while the government was considering the decision.Pointing out that he expected to take another two months, and in the end we can also get a decision or not.
"The danger posed by the dam is still very high," said one of the officials responsible for the security of the dam in the Engineers' Corps.
The paper quoted an analyst as saying that the Iraqi government is facing deep political divisions that in turn postpone important decisions, in addition to the financial crisis, which further hinders decision-making.
The current contract with Trevi Group is worth $ 300 million, part of which is financed by the World Bank and other loans.The dam will require at least another year of intensive work before it becomes stable, according to estimates by the US Army Corps of Engineers.
USA Today explained that one of the main reasons for the renewal of the contract is that the Italian company and American engineers are employing new methods and technology in the work of reforms, which is still the Iraqi workers lack it.
Analysts advise the divided Iraqi government to cooperate, focus and recognize the need to spend money on dam reforms, keeping in mind that this is not a political issue, but a humanitarian one.
Release date: 2017/5/31 10:09 • 76 times scheduled
(Baghdad: Al-Furat News) Baghdad Governor Atwan Al-Atwani discussed with a delegation of a Swiss company involved in waste recycling projects the implementation of a similar project in the province.
"The province of Baghdad is keen to adopt such projects and is a pioneer in inviting international companies competent to work in the province of Baghdad," Al-Atwani said, according to a statement of his media office. He added that "the province is ready to provide infrastructure and provide various facilities and legal and administrative procedures for the transfer and implementation of investment projects in this area." Al-Atwani pointed out that "the local government encourages international investment companies to work in the province and provide all the necessary support for the implementation of these projects that benefit the province and its citizens."
European traders have confirmed that Iraq bought about 30,000 tons of rice from the United States directly for distribution to citizens and traders said the shipment would be ready for delivery in July and purchased from the company "ADM" trade.
The Department of Commerce has held talks over the past weeks on the purchase of about 100 thousand tons of American rice and made the first request on May 11.
Iraq is a major supplier of rice in the world, where Baghdad buys annually about one million tons for distribution through the food distribution program, which cost the state about 5 billion dollars a year.
The Iraqi government has authorized the Ministry of Commerce to carry out direct purchases of wheat and rice to ensure food security, including deals with state governments rather than bidding on international markets.
Oil falls as production of Libya and the United States rises
Oil prices fell 1 percent on Wednesday as Libyan output, fueled by already high fears of rising US production, undermined output cuts led by OPEC to narrow the gap between supply and demand in the market.
By 0657 GMT, global benchmark crude for Brent crude futures fell 54 cents, or 1 percent, from the previous close to $ 51.30 a barrel.
US WTI crude futures fell 51 cents, or 1 percent, from the previous close to $ 49.15 a barrel.
Traders said the drop in prices was the result of higher output in conflict-torn Libya, which further intensified the impact of continued growth of US production.
Libya's crude oil production is expected to rise to 800,000 bpd this week, Libya's National Oil Corporation said on Monday.
This is likely to boost Libya's oil exports. Freight data showed that excluding exports via pipelines Libya exported an average of 500,000 barrels per day since the beginning of the year, compared to an average of only 300,000 bpd in 2016.
The increase in US production is largely due to the increase in drilling activities for oil drilling more than 10 percent since the middle of last year to exceed 9.3 million barrels per day, close to the levels of Saudi Arabia and Russia, the largest oil producers in the world.
The rise in US and Libyan production is undermining efforts by the Organization of the Petroleum Exporting Countries (OPEC) and some outside producers, including Russia, to narrow the gap between supply and demand in the oversupplied market by cutting production by about 1.8 million bpd to the end of the first quarter of 2018.
French-Iraqi cooperation against "Dahesh" in the land of Mosul
Press reports said that French special forces stationed in the Iraqi city of Mosul were working to locate and prosecute the French "Daouash" and to cooperate with the Iraqi security forces in this matter.
The newspaper "The Wall Street Journal," the United States, that the French special forces stationed in Iraq and Mosul in particular, seeks to locate the presence of elements "urging" the French to liquidate them in light of joint cooperation between Paris and Baghdad in this regard.
France and Britain do not hesitate to monitor and target their own nationals in terrorist groups in accordance with the principle of "self-defense," according to the authorities in the two European countries, with the assistance of US forces often.
According to foreign reports, this situation since 2014 and the entry of the countries of the "international coalition" in the war on the organization of "Daash" terrorist, raises several dilemmas and questions to the judicial authorities in the countries concerned.
The reports and information came at a time when Iraqi military and media sources had reported the presence of a French military in Mosul during the clearing of the left side of the city divided by the Tigris River to two sides.
According to Iraqi sources, the French military force, which is moving on the ground in Mosul, arrested Iraqi people in connection with the terrorist gangs, who were providing shelter and logistical capabilities to French supporters.
"National Alliance" tour of the Gulf to present the paper "settlement"
A member of the Committee on "Foreign Relations" MP Khalid al-Asadi, on Wednesday, a tour expected to lead the "National Alliance" the largest parliamentary bloc in Iraq, to visit a number of Gulf countries.
"The purpose of the visits by the coalition delegation is to discuss the regional situation with the officials of these countries and the developments of the war waged by the Iraqis against the gangs and the successive victories achieved by the security forces and the popular mobilization forces," al-Asadi said in a statement received by the Journal News.
It is hoped that the delegation will brief its Gulf hosts on the political settlement paper presented at the table in order to achieve "national reconciliation" in Iraq.
Al-Asadi pointed out that "the draft national settlement, which includes a project to build a state of citizenship on the basis of the Iraqi constitution will be among the files to be borne by the delegation during his upcoming visit to those Gulf countries."
A delegation from the "National Alliance" headed by its president Ammar al-Hakim visited mid-April last Egypt, Tunisia, Jordan and Iran, to discuss the same subject.
Kauaihn Economic Times:
FOR TWITTER ACCT
Just send a text message from your cell phone to:
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
How does inflation affect the exchange rate between two nations? Investopedia
Inflation is closely related to interest rates, which can influence exchange rates. Countries attempt to balance interest rates and inflation, but the interrelationship between the two is complex and often difficult to manage. Read the full story
Don’t be duped by these retirement rip-offs MarketWatch
Here are three signs of a swindle that could rob you of your nest egg. Read the full story
OIL / COMMODITIES / ENERGY
Brent crude drops more than 3 percent as Libyan production undermines OPEC
Our live blog is tracking reaction as the contract prices for both Brent and WTI oil fall steeply in session.
Oil prices extend losses as concern grows over still-heavy global supply MarketWatch
On the heels of a sharp fall for oil following the OPEC meeting last week, the U.S. oil benchmark has pulled back when trying to get back above $50 a barrel. Read the full story
Gold prices little changed, eyes on U.S. jobs dataInvesting.com
Gold firms as Fed’s Beige Book could shed light on rate hikes past June MarketWatch
Gold futures tipped higher Wednesday as the dollar softened, but gains were capped ahead of the afternoon release of the Federal Reserve’s snapshot of economic activity around the country, a report not expected to derail the Fed from a widely telegraphed June interest-rate hike. Read the full story
BANKS / BANKING
What is the difference between a Nostro and a Vostro account? Investopedia
Nostro and Vostro are terms are used when one bank has another bank's money on deposit, typically in relation to international trading or other financial transactions. Read the full story
Bank customers overwhelmingly reject robo-advisers: survey Reuters
The vast majority of bank customers in Europe would not let a computer program make and act upon financial decisions on their behalf, a survey showed on Wednesday, in a sign of caution over the rising so-called robo-advice industry. Read the full story
Bankers Warned Against ‘Letterbox’ Offices in EU After Brexit Bloomberg
The European Union’s financial-markets regulator sought to stop the bloc’s member states from loosening oversight to attract business after Brexit, warning that firms shouldn’t be allowed to set up shell offices in the EU that still conduct critical business in London. The European Securities and Markets Authority on Wednesday published guidance to the 27 countries that will comprise the EU after the U.K. quits the bloc in an effort to root out “supervisory arbitrage risks” that could result ifRead the full story
Italy Ailing Banks May Lose $11 Billion in Bad Loan Sales Bloomberg
Italy’s troubled banks may suffer an additional 10 billion euros ($11 billion) in losses from the sale of their bad loans at current market prices, said Ignazio Visco, Bank of Italy Governor and ECB governing council member. “If they were sold at the very low prices offered by the few large specialist debt collection agencies active in the market today, which pursue very high returns, the amount of additional write-downs would be in the order of 10 billion euros,” Visco said on Wednesday at the Read the full story
Moody's affirms 5 UAE banks ratings Mubasher
Mubasher: Moody's Investors Service changed the outlook on the long-term deposit ratings of UAE-based First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), and Union National Bank (UNB), and Abu Dhabi Islamic Bank’s (ADIB) long-term issuer … Read the full story
TREASURIES/ BONDS/ STOCKS
Opinion: The dirty secret Wall Street tries to hide as it keeps raising stock-price targets MarketWatch
Nigam Arora explains the factors that could be inflating those levels. Read the full story
US Treasurys lower as bond investors eye Fed news, data CNBC
U.S. government debt prices edged lower Wednesday, as investors geared up for the release of the Fed's Beige Book, along with speeches from Fed officials. Read the full story
U.S. stocks set to rise, with benchmarks on pace for May gain MarketWatch
U.S. equity indexes on Wednesday were poised to rise modestly, putting them in position to close out May with solid gains, despite a drag from the beleaguered crude-oil market. Read the full story
FTSE 100 on course to top all-time high, despite Brent dipping Energy Voice
London’s premier index rebounded to within a whisker of a new mid-session record after choppy trading for the pound handed a boost to blue-chip stocks. The FTSE 100 Index was up 20.01 points to 7,546.81, with sterling enduring a tumultuous morning on the currency markets after slumping overnight in response to an election poll pointing to a smaller Conservative lead. It means the London market is only seven points away from Friday’s intra-day record of 7,554.21, putting it in a strong position Read the full story
CURRENCIES
Forex - Dollar gains some ground on U.S. rate hike hopesInvesting.com
Pound falls again after pollster predicts May will lose majority in election MarketWatch
Just one week before the general election, a projection by pollster YouGov indicates that the Conservatives might lose 20 seats in parliament, while Labour is expected to gain 28 seats, leading to a hung parliament. Read the full story
NZ, Canadian Dollars Rise After China Data RTTNews
The New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Wednesday, as investor sentiment bolstered after data showed that the manufacturing sector in China continued to expand in May, and at a steady pace. Read the full story
NZ dollar rises on business confidence Scoop
May 31 (BusinessDesk) - The New Zealand dollar rose as a pickup in business confidence and stronger-than-expected Chinese manufacturing data added to positive sentiment for the kiwi. Read the full story
Rupee opens stronger against US dollar Livemint
Mumbai: The Indian rupee strengthened against the US dollar in morning trade ahead of the gross domestic product data due after 5.30pm on Wednesday. Read the full story
China's offshore yuan jumps to its strongest level since October Business Insider
Investing.com The offshore yuan just touched its strongest level against the dollar since October. The currency was up by 0.9% at 6.7611 per US dollar at 8:09 a.m. ET. The offshore yuan has climbed 1.6% since Moody's cut its rating on China's debt a week ago, Bloomberg noted. "Spurred in part by a funding squeeze in Hong Kong, the offshore yuan (CNH) has rallied 1.5% in the same time," Marc Chandler, global head of currency strategy at Brown Brothers Harriman, said. "Note that China's officials Read the full story
USA
Trump is pulling U.S. out of Paris climate deal Axios
Details on how the withdrawal will be executed are being worked out Read the full story
Made in China' could soon be made in the US CNBC
Some manufacturers are taking a second look at the U.S. as China gets more expensive — and many of them are Chinese. Read the full story
The Fed could surprise people in September Business Insider
Federal Reserve Board Chair Janet Yellen arrives for a news conference about the Federal Reserve's monetary policy, Wednesday, Dec. 14, 2016, in Washington. The Federal Reserve looks all but set to raise interest rates at its next policy meeting on June 13-14, and officials have indicated at least one more hike is coming before year end. Dallas Fed President Robert Kaplan was the lastest to chime in, arguing the Fed would likely raise interest rates twice more this year in addition to making a Read the full story
EMERGING MARKETS
Why Emerging Market Funds Snub Alibaba, Baidu & Sina Barron's
Not all emerging market indexes view Chinese Internet plays in the same way, and the divergent performance is significant this year. Read the full story
Investing in the hunger bonds Livemint
Investing often creates moral dilemmas over goals: Should we aim to do well or to do good? Is it appropriate to invest in tobacco companies? Or in companies that sell guns to drug gangs? Read the full story
The biggest emerging-market ETF doesn’t hold some of the biggest EM stocks MarketWatch
Earlier this month, the Chinese e-commerce giant Alibaba reported a massive surge in its fourth-quarter revenue, results that contributed to the strong year-to-date advance in its stock price. However, many emerging-market investors may not realize that they’re not actually participating in this growth story, or others like it. Read the full story
MIDDLE EAST
It has the world's tallest building, biggest shopping mall and largest man-made island. Now this desert emirate wants to colonize Mars Los Angeles Times
On Earth, the United Arab Emirates boasts the tallest building, the largest artificial island and the biggest shopping mall, which includes an Read the full story
The 10 most unexpected side effects of summer in Dubai What's On Dubai
Brace yourselves… summer is coming. When describing just how hot Dubai gets during the summer, one of the most common analogies is “like stepping into an oven”. We personally haven’t spent all that much time inside cooking appliances, so we can neither confirm nor deny the accuracy of this statement. However, we do know the season brings its own unique challenges. Here are some of the most unexpected things that happen during Dubai’s summer. MORE: 23 ways to make the most of the summer Read the full story
Iran Receives $4B Oil Dues From UAE Co. Financial Tribune
Iran has received more than $4 billion from the Emirates National Oil Company (ENOC) as part of the country’s retailer’s settlement of its debts owed to Iran for pre-sanction oil and gas purchases, the Iranian news website Al Alam reported. Read the full story
Gulf Arab dispute rattles Trump's anti-Iran axis Reuters
Just 10 days after President Donald Trump called on Muslim countries to stand united against Iran, a public feud between Qatar and some of its Gulf Arab neighbors is jolting his attempt to tip the regional balance of power against Tehran. Read the full story
A
FRICA
Doing business in Africa not as difficult as perceived – report Engineering News
Entrepreneurship, innovation and technology are at the forefront of doing business in Africa, UK–South Africa trade commissioner Emma Wade-Smith said on Monday. Addressing delegates at the South African launch of the LSE’s inaugural ‘PwC Companies to Inspire Africa Report’, she stated that there was a misconception that doing business in Africa was difficult and outdated. Read the full story
Tapping into Africa's trillion-dollar blue economy CNN
States aim to take advantage of the vast resources beneath the waves Read the full story
Africa: Could Big Data Help End Hunger on the Continent? AllAfrica
(Photo: OMS/C. Black) Computer algorithms power much of modern life from our Facebook feeds to international stock exchanges. Could they help end malnutrition and hunger in Africa? The International Center for Tropical Agriculture thinks so. The International Center for Tropical Agriculture has spent the past four years developing the Nutrition Early Warning System, or NEWS. The goal is to catch the subtle signs of a hunger crisis brewing in Africa as much as a year in advance. CIAT says the Read the full story
ASIA
China Factory Gauge Holds Up as Global Economic Outlook Improves Bloomberg
China’s official manufacturing gauge held up in May, buoyed by an improving global outlook. Key Points Manufacturing purchasing managers index remained at 51.2 for a second straight month in May, compared with a median estimate of 51 in a Bloomberg survey of economists Non-manufacturing PMI rose to 54.5 Numbers higher than 50 indicate improving conditions While some early indicators for May suggested a slowdown in growth is taking hold, the PMI data signal continuing momentum that gives policy Read the full story
Moody's raises outlook for Singapore banks to stable, as drag from oil and gas exposure eases CNBC
Moody’s raised the outlook for Singapore banks to stable from negative on Wednesday, citing stabilizing commodity prices and improving growth conditions. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for thursday 6/1/17 did update on the indicative rates Buy Rate 1182 and Sell Rate 1184
The currency auction is 151,197,131
There are no news and announcements for Thursday 6/1/17
ISX Update:
Value Traded
775,006,177
Shares Traded
975,883,452
ISX ended in Green
Kauaihn Chatter:
6-1-2017 Newshound Guru Adam Montana[Can there be an RV without an HCL passing? and conversely, can there be a passing of the HCL without an RV?] In my very FIRM opinion - NO. 6-1-2017 Newshound/Intel Guru Mnt Goat Whoever would have thought we would still be here without an RV at the end of May in the year 2017? So now we are hearing that the “official” announcement is being PLANNED for about mid June or around June 10th. Let’s wait and see how this all plays out. Please do not expect this date to be some trigger for an RV...let’s see what goodies the CBI brings us around this time. I fully expect them to begin their re-education campaign for currency reform/delete the zeros project and what they will do in the next phase of it.
5-31-2017 Intel Guru RayRen98 The CBI Governor was on television saying the deposit protection law would be implemented soon. The IMF is supposed to meet with the CBI today. Citizens were urged to evacuate areas of Mosul, with full liberation expected in one week. ...this morning...Iraqi television is reporting ‘complete liberation of Mosul is coming soon’. I can’t see it dragging many more days now. When it’s finally concluded, with reconciliation and economic reforms completed, then we should see the currency change. 5-31-2017 Newshound Guru Kaperoni ...relax...they are not ready yet. When you see the laws passed and the banking insurance in place, investors will begin to come into Iraq...then we will see the float.
5-31-2017 Newshound Guru Adam Montana Back to the OPEC meeting - this went about as good as we could have hoped for! Kurdistan is officially exempt from the oil producing limitations agreement, which opens the door for Iraq as a whole.With that "freedom" in their back pocket, Iraq is able to put solid plans into play, particularly - you guessed it - HCL! I still maintain, as I always have, that the HCL is KEY to the success of an RV. We do NOT want to see Iraq RV, only to have the price of the currency plummet immediately due to a lack of faith in Iraq from outside countries, currency exchanges, the IMF, and all the other important pieces of this puzzle! So just because they didn't RV on the 26th does not mean we should despair or even worry - there is a specific path to success, and Iraq is in a position to take that path...Iraq is actually working on the important stuff (finally), and there is optimism about the coming days. [post 2 of 2]
5-31-2017 Newshound Guru Adam Montana ...this Ramadan is certainly like no other since what feels like 100 years ago when I first got involved in the Dinar! ...I have always maintained that nothing serious will get done during Ramadan...this is the FIRST time I've ever felt differently! THIS Ramadan, in my opinion, has potential. Potential for the HCL, potential for major announcements, potential for major progress. I have not decided if I believe this includes or excludes an actual RV, but my gut is leaning towards "Yes on HCL progress, No on a RV announcement". If there was going to be an immediate RV, it should have been done after the OPEC meeting, but before the start of the Holiday, so I'm leaning towards late June. [post 1 of 2....stay tuned]
5-31-2017 Intel Guru Bruce They are in Ramadan now and will set off the fireworks when the timing is right. Some of the parades did take place a few days ago. They are in the midst of the celebration, but not full bloom as much as they will be as soon as the announcement is let out and the budget is put in the Gazette finally with the visible. My understating is our Secretary of the Treasury was supposed to make a phone call to PM Abadi this morning [Tuesday]. I don’t have confirmation that occurred, and I think it was going to be a congratulation call for the RV of the currency and the sovereignty and return of Mosul. We don’t know the exact rate on the screens. They were trading those currencies up to new levels. Everything is moving forward and you are moving forward with it. I know we are very close. Let’s pray we are at the end of this ride and we get to see this thing very shortly. [post 2 of 2]
5-31-2017 Intel Guru Bruce I think the fact it is pretty quiet overall is a good thing. Some sources we had in the past have gone dark. A lot of things have happened very positively to move this thing along. We do know what has happened in Iraq they have had some rate changes in country. Still looking for an international announcement about the RV of the currency, and the fact they are truly sovereign as a nation and have their complete sovereignty back. The take back of Mosul has been accomplished for some time, but it is just coming out the last couple of days in main stream news. Infrastructure projects in Iraq to keep going and moving. They laid brand new electrical cable in Mosul, new fiber optics, new links in all the banks, all connected and working, ATM machines are up and running. Throughout the country all are ready. [post 1 of 2....stay tuned]
5-31-2017 Newshound/Intel Guru BGG "Our economy is space. Monetary policy is an example" The...article is a VERY HARD translation - BUT IMHO FILLED with DEAD GIVE-AWAYS! ...for those pouting about not being rich yet - this is one more log on the FIRE! What it means is - they are doing things (up until now) this economist doesn't understand and can't explain. Quotes: "...we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar..." "The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy..." BOOOOM...That's all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday. Cannot be anymore direct.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1 (from PM Abadi's website; posted on both the Arabic and English sides)
Prime Minister Dr. Haider Abadi receives the President of the Republic Dr. Fuad Masoum
Prime Minister Dr. Haider Al-Abbadi received in his office Wednesday the President of the Republic Dr. Fuad Masoum. During the meeting, they discussed the military operations, victories achieved by our heroic forces in Mosul, and stressed the importance of sustaining the momentum of victories with the near liberation of Mosul and the declaration of victory over terrorist gangs. They also discussed the security situation and the plans to maintain the security of the citizens, where terrorist gangs are taking the defeats in the battle to terrorist bombings against citizens. Their sovereignty also discussed plans and procedures through which terrorist attacks will be hit and eliminated. The meeting stressed the importance of unity of speech and class in order to build the country and serve the citizens and the need to stay away from everything that would harm the interests of the country. It also stressed the commitment to the constitutional timing of the elections and the preparation of all the requirements for its conduct, which was done by the executive branch. The foreign policy of Iraq, which depends on openness to the international community and the region according to mutual interests, and the great successes achieved in bringing Iraq back to the forefront and influencing the region and the world, was also discussed.
Media Office of the Prime Minister
May 31, 2017
*************
ARTICLE 2
Abadi exempts Issa from the Department of the Ministry of Finance
Editorial date: 2017/5/31 22:47•167 times read
[Ayna-Baghdad] Prime Minister Haider al-Abadi, Minister of Higher Education and Scientific Research, was dismissed from the Acting Ministry of Finance.
"It was a great honor for me to entrust the Ministry of Finance with an agency, as well as my responsibilities in the Ministry of Higher Education, Scientific Research, Science and Technology," Al-Issa said in a statement. He added that "work in the Ministry of Finance has not been easy, because in this ministry of accumulating waiting for solutions, as well as from institutions pursued by narrow interests and auctions and conflicts." "What we presented at the Ministry of Finance at this special stage was to combat corruption, encircle the spoilers and narrow the circle to the owners of the dubious benefits." "I am pleased to extend my thanks to the Prime Minister for his confidence in him and to extend his gratitude to him for his continued response to my requests from the Ministry of Finance to enable me to serve the Ministry of Higher Education." The Prime Minister Haider Abadi has assigned the Minister of Higher Education and Scientific Research Abdul Razzaq Al-Issa to run the Ministry of Finance vacancy agency in addition to his duties. The House of Representatives voted on 21 September last, to withdraw confidence from the Minister of Finance Hoshyar Zebari, while the Federal Supreme Court on 20 December last appeal of Zebari on the unconstitutionality of the withdrawal of confidence and his removal from office.
*************
ARTICLE 3
Iraq as Chairman of the Disarmament Commission of the UN General Assembly
BAGHDAD - Iraq's election as chairman of the disarmament committee at the United Nations General Assembly is usually a new diplomatic achievement.
"The General Assembly of the United Nations was elected at the election session held on Wednesday, May 31, Iraq, as the Chairman of the Committee on Disarmament Issues in the United Nations General Assembly for the 72nd Session of 2017," ministry spokesman Ahmad Jamal said in a statement. For the first time since the establishment of the United Nations ".
"This election confirms that Iraq is achieving a new diplomatic achievement that strengthens its position and its regional and global role," Jamal said.Finished
*************
ARTICLE 4
The sixth day of liberation of Al-Baaj and villages west of Mosul begins
Nineveh, May 31 (AKnews) - The War Media Cell announced on Wednesday the launch of the sixth day of the second page of the liberation operations of the district of Al-Baaj and surrounding villages west of Mosul.
"The Iraqi forces and the support of the army and for the sixth day continue their military operations on the second page of the liberation operations of the district of Al-Baaj and its villages west of Mosul," the statement said, pointing out that "Iraqi forces reached the Iraqi-Syrian border and began to liberate and secure the border, South ".AH
*************
ARTICLE 5
URGENT: Federal forces kill 12 elements, including Arabs and approaching the door of Sinjar
The federal police forces have been able to penetrate more into the old city of Mosul, which is witnessing heavy fighting.
A statement by the federal police responded to the twilight news that its special forces surrounded the headquarters of the Daqash organization in the Zinjili district after controlling their communications equipment and bombarded with portable rockets and spg9 launchers.
He said 12 people were killed, including Arabs.
The statement added that the elements of the Federal continue to incursion in the depth of 600 m and close to Bab Sinjar the northern entrance to the Old City.
*************
ARTICLE 6
Industry Announces Patent in Alak [Al-Bastaj]
2017/6/1 10:02
[Ayna-Baghdad] The Ministry of Industry and Minerals announced that a research team from the Ibn al-Bitar Research Center at the Industrial Research and Development Authority of the Ministry has obtained a patent in the [The Effect of the Water Extract of Alak Al-Bastaj Plant on Blood Sugar Ratio] from the Central Organization for Standardization and Quality Control.
"The possibility of obtaining water extracts [cold and hot], as well as the methanolic and hexane extract of the Bosswellia SP plant, which belongs to the plant family, [BUrseraceae] using traditional techniques and studying the effect of each of them on blood sugar levels in laboratory mice infected with diabetes induced by the type II aloxane is done through the effectiveness of this patent. " He added that "the interpretation of the work of extracts Alak Bastag in reducing blood sugar is due to the fact that it contains a number of active groups of the plant, which is the most important material of the two types of insulin and methylate listed in the carbohydrates because of the effect similar to the work of insulin. Al-Jaafar said that "the treatment with extracts prepared in this way and other methods showed positive results when the dosage after comparing them with the chemical, which works to reduce the sugar while the plant extract works to repair damaged beta cells in addition to lowering the level of sugar in the blood."
*************
ARTICLE 7
For healthy fasting .. Best foods for breakfast
BAGHDAD, Iraq - May 31: At the beginning of the month of fasting, the fasting person is advised to eat healthy foods that help the body to compensate for lost fluids, keep away from intestinal infections, constipation and avoid eating foods that are not useful and high in calories. Breakfast for a healthy fast.
Vegetables contain a large proportion of water, especially in cucumber and lettuce and helps the body to compensate for the loss of fluids.
The soup is a rich source of fluids, where the stomach is prepared to receive food and is considered a sedative and easy to digest.
Dates give energy to the body during fasting and helps the secretion of digestive enzymes in preparation for the next meal.
Milk contains calcium and proteins and is a preventive food and contains bacteria useful for stomach and digestive system.
The fruit works to moisturize the body and energize it especially necessary watermelon, pineapple and oranges.
In addition to drinking sufficient amounts of water to compensate for what the body lost during the day. End (1)
No comments:
Post a Comment