| Word on the Street Wednesday 6/14/17The agreement with {IMF} improves the credit rating of Iraq 6/13/2017 0:00
Baghdad / Emad emirate
to pay off the deficit in the 2017 budget the government requested from the IMF andother international bodies to borrow them taking advantage of the global trend to support Iraq in the fight against terrorism. Economic academic d. Ahmed Omar al- Rawi said the "morning": The International Monetary Fund called on Iraq to conduct a large correction process is to cut capital spending while protecting social spending and communication in linking the Iraqi dinar to the dollar allowing a pillar of the economy. He added: Iraqi economic reform, which is supported by the standby credit with the International Monetary Fund program aims to address the needs of the balance of urgent payments and access spending to a level commensurate with the decline in world oil prices and ensure the sustainability of the debt within the tolerable, the program also includes measures to protect the poor and the strengthening of financial management public support for the stability of the financial sector and curb corruption. The transfer of the narrator of the report by the IMF in his report by saying that Iraq is committed to the requirements of readiness external credit and should be implemented gradually improve the fiscal adjustment and the salaries of retirees and repair of electricity and state - owned enterprises sector elements to make way for greater investment spending, but more effective and efficient to support growth. He continued Narrator: by the Executive Board of the IMF has agreed to implement readiness credit agreement signed with Iraq for a period of three years , a pact aimed at helping Iraq in the implementation of the economic reform program and restore fiscal balance in the long average. Rawi confirmed that the agreement with the International Monetary Fund will help to issue international financial bonds and improve Iraq 's credit rating in financial institutions, and the agreement with other countries to get loans, it has authorized the general budget for the year 2017, Minister of Finance Act signed agreements with creditors already and parliament agreed to finance the budget deficit of 7.21 trillion Iraqi dinars , equivalent to 319.18 billion. IMF Executive Board also completed a review of financing assurances under the standby credit agreement, and the Executive Board had approved its $ 831.3 billion rights unit to withdraw any special agreement estimated to be 34, $ 5 billion at the date of approval. Rawi confirmed that under this consent for Iraq may be 455 units exchange special drawing rights , about 8817 million dollars as the Executive Council also agreed to Iraq 's request to be excused from the declaration of non - compliance with the maximum continuous external arrears and the request to amend the performance standards, as the Council approved the request to exempt Iraq from the applicability of the goals of the end of last September to four performance standards regarding the minimum total international reserves and the maximum net domestic assets of the Central Bank of Iraq and the maximum arrears owed to the list of international oil companies and themaximum balance of total public debt requirement , In addition to the request to amend the stages of implementation of the Agreement, it was agreed to hold meetings to follow up on the standby credit between the Fund and Iraq. At the last meeting in Amman between Iraq and experts of the International Monetary Fund to follow up the readiness of the Trust Fund noted in his closing statement that Iraq is under financial pressure as a result of growing public and security spending for continued weakness in oil prices , causing a deficit of 12 percent of gross domestic product, which led to a decline in financial reserves Central Bank of $ 53.7 billion in 2015 to $ 46.5 billion the end of the year 2016, described the Fund 's statement of financial reserves of the Central Bank of Iraq as the value in a comfortable position. He said the IMF said in a statement that the public debt of Iraq increased rate of 32 to 64 percent of GDP during the period 2014-2016 requires further structural reforms in the Iraqi economy, including the banking sector reform to support the growth process and to promote business and reduce environment corruption, the IMF estimated that the risks remain as a result of the uncertainty of oil prices and the lack of security, political stability and weaknesses in aspects of management. The expected credit agreement with the International Monetary Fund to improve confidence in Iraq and get more financial aid from institutions and creditor nations, and will agree to provide additional international assistance to Iraq worth $ 15 billion , as well as some of the facilities , including helping Iraq to ease the burden of repayment obligations with Club Paris.
Word on the Street Wednesday 6/14/17:
Forex Rates:
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk Link:
DC NY Iraq Articles:
The Federal Court postponed the appeal of the budget to July 12 and handed over its file to the experts
Editorial date: 2017/6/13 12:55 • 57 times read
{Baghdad: Al Furat News} postponed the Federal Supreme Court, pleading to appeal some items of the financial budget for the year 2017 to 12 of July next.
A statement issued by the Information Office of the Court that "the Federal Supreme Court formally commissioned three experts to submit a report containing the technical aspects of the appeal to some articles of the General Budget Law for 2017, a lawsuit to challenge the questioning of the Minister of Education."
He added that "the court session held today assigned the experts elected in the appeal against some articles of the General Budget Law by their task." He pointed out that "the court handed the experts the details of the lawsuit from the petitions and regulations of the parties and decided to postpone the pleading until 12 of next month for the purpose of enabling them to submit a report containing the technical aspects of the subject of appeal." He explained that "the Court considered a case of appeal, paragraph {a} of Article {19} of the Civil Service Act No. 24 of 1960, as well as the appeal of paragraph {a} of Article {6} of Article {6} of The law of salaries of state employees and the public sector No. (22) for the year 2008, and decided to rule back the case because it is not based on the support of the Constitution. "The court found that the formal requirements stipulated in the constitution and in the rules of procedure of the House of Representatives are complete in the request for questioning, and that the question of the parliamentary question is one thing and the questioning is another, and each of them arranges," the statement said. A different impact on the other, and that the evaluation of the facts in the interrogation and verification is subject to the discretion of the House of Representatives New investment cement factory completed in al-Muthanna province
Al-Muthanna/ Iraq TradeLink: Al-Muthanna Investment Commission announced the completion of
an investment cement project in the province.
The Commission expected that the opening ceremony shall be next July,2017.
The capacity of the new factory will reach 5500 tons daily, with the cost of 300 million dollars, as officially stated.
No other details were given.
Mr. Ammar al-Hakim warns of "possible breakthroughs" and stresses the unity of Iraq (expanded)
Editorial date:: 2017/6/13 12:27 • 58 times read
(Baghdad: Al-Furat News) warned the head of the National Alliance, Mr. Ammar al-Hakim, on Tuesday, of possible security breakthroughs with the near victory on gangs, calling for terrorism, calling for the need to be vigilant to miss the opportunity.
Mr. Ammar al-Hakim said in a speech during the official ceremony held by the Media Directorate of the Popular Struggle Organization on the occasion of the third anniversary of the Islamic Jihad and the establishment of the popular crowd that "terrorism does not abandon its evils easily so it will awaken its sleeping cells to target us," calling for " Those attempts. "
He also warned of "possible security breakthroughs with the near victory on a duel with the aim of wasting our joy of victory," stressing at the same time that "Iraq and the people's flesh a red line." "The military victory must be accompanied by a political achievement on the ground and a political vision to unite and unite the Iraqis," he added. "Today, the world is bowing with respect and appreciation for the sacrifices of the Iraqi people, but we are concerned about the situation of victory and vanity." He added that "Iraq is not going to civil wars and collapses because the leaders are wise and is able to develop solutions and treatments," pointing out that "the project of the National Alliance in the national settlement and put it on the doors of victory, looking forward to the future benefits with the need to mobilize all the possibilities to provide an appropriate political environment The internal classes did not. " "As far as we finish the military mission, we will face the security challenges. Terrorism is looking for sleeper cells to target civilians. We must work hard to pursue and dismantle these cells and miss the opportunity to waste the joy of victory," he said. "Today, as we approach the complete victory of the liberation of Nineveh and the border with Syria, we must be aware of any breakthroughs sought by the enemies to miss the joy and happiness of the Iraqi people," he said. "The unity of Iraq is a red line and we can not tolerate it and we will not stand idly by in front of any attempts to destabilize it, and the Iraqi people are red-handed and we have to work to strengthen and consolidate them," he said. The head of the Iraqi National Alliance, the foreign forces that occupied Iraq after 2003, are those who supported and financed the dictatorship in Iraq and the suppression of his people. He pointed out that "the one who can bear the responsibility and the biggest part of the privilege of overthrowing the dictator is the people who stood in his face and isolate him and is not in the interest of those who came and supported him and when he became a losing paper came to break it and change it victory for their interests for that Iraqi people uprising of the people in 1991 and the subsequent Efforts and jihad and sacrifices were a major reason to impose a great isolation of the dictatorial regime regionally and internationally, which I have made and made it not in the interest of that agenda came Vantzqt it the Iraqi people credited. "It is wrong that the foreign forces are the ones who overthrew the dictatorship and came to freedom and democracy, but they who produced, funded and supported the dictatorship in suppressing the people. Iraqi Trucking begins between the Syrian-Iraqi border for the first time in years
Tuesday, 13 June 2017 12:39 PM
MOSCOW (Reuters) - Iraqi trucks have begun to enter the Iraqi interior for the first time in years after opening the road on the Syrian-Iraqi border and removing the Iraqi embankment on the Iraqi border, Russia News reported Tuesday .
A Syrian military source said earlier that the Syrian army and allied forces had managed to reach the Iraqi border, where all the mines and pumps left behind by the Da'ash elements were being cleared in the desert in preparation for the full opening of the crossing. Between Iraq and Syria .
In a related context, the Syrian army and allied forces continue their operations in the eastern Homs countryside along the eastern desert, where forces have made progress on the Arak axis towards the oil field of Arak and the area of Sokhna, the most important stronghold of Daqash, , After the control of the hills and strategic points, as the army liberated large areas north of the area, "Taffah" northeast of the military airport, the military suburb of eastern Homs
Nasr al-Jubouri calls for an urgent investigation into the poisoning of more than 800 displaced people
The MP for the province of Nineveh, the victory of Jubouri, the central government and the local government of Nineveh and the provincial council to open an immediate and urgent investigation to uncover the circumstances of the poisoning of more than eight hundred citizens in the camp Hassan Cham, stressing that while appreciating the role of all charity and humanitarian organizations that make great efforts in the relief of the displaced and provide Food and supplies. However, following up the distribution of these foods and supplies and determining their validity is important to avoid any life-threatening condition.
Al-Jubouri called on the central and local governments to open an urgent investigation and reveal the party's negligence and work to find a coordination mechanism between the Ministries of Health and Immigration to avoid such cases in the future
Kauaihn Iraq Articles:
$3 billion expected revenues of Iraqi-Syrian border outlet
Baghdad/ Iraq TradeLink: Iraqi economic expert Abdul Rahman al-Mash-hadani expected that the Iraqi-Syrian international route will provide revenues that will reach three billion dollars annually.
He pointed that this route covered 30% of Iraqi imports, when the trade in Syrian and Jordanian outlets reached to 10 billion dollars annually during the period 2010-2014.
When Da'ish (ISIS) organization controlled these strategic outlets, the trade turned to be through Iran and Turkey.
On the other hand, the Iraqi authorities denied opening the border vents with Syria and Jordan , because they are totally closed and subject to Da'ish control.
Earlier, Syrian sources reported the opening its vent .
Iraq is connected with its neighbors with 13 border outlets, in addition to five airports and five maritime ports.
Abadi will visit Saudi Arabia next Wednesday
Editorial Date: 2017/6/12 23:45 • 301 times read
(AFP) - A Saudi diplomatic source said Monday that Prime Minister Haider al-Abadi will visit Saudi Arabia next Wednesday and meet with King Salman bin Abdul Aziz al-Saud.
"The repercussions of the crisis between Saudi Arabia, the United Arab Emirates and the Kingdom of Bahrain, on the one hand, and Qatar on the other, in addition to the situation on the Iraqi and Syrian arenas, and the strengthening of bilateral relations through the establishment of a joint coordination council and securing the border between the two countries after a collapse in Mosul will lead Abadi talks with Saudi officials. "
He added that "a positive atmosphere began to prevail relations between the two countries since the visit of Saudi Foreign Minister Adel al-Jubeir to Iraq in late February, and meeting with Abadi and senior Iraqi officials, followed by a visit by Saudi Energy Minister Khalid al-Faleh late last month to Baghdad, during which he discussed with Iraqi government officials the situation in The oil market and the question of extension of the agreement to reduce production What is behind Abadi's visit to Saudi Arabia?
Jun 14, 2017
Iraqi Prime Minister Haider al-Abadi arrives in Jeddah later Wednesday for an official visit to Saudi Arabia amid attempts to block rapprochement between the two countries.
The repercussions of the crisis between Saudi Arabia, the United Arab Emirates and the Kingdom of Bahrain on the one hand, and Qatar on the other, in addition to the situation on the Iraqi and Syrian arenas and the strengthening of bilateral relations through the establishment of a joint coordination council and securing the border between the two countries after the collapse of the "Islamic State" Top of Abadi talks with Saudi officials.
Abadi's visit to Saudi Arabia comes amid attempts to block Iraq's rapprochement with neighboring countries from internal and external voices, Abadi said Tuesday.
Abadi said during his weekly press conference that his recent visit to Saudi Arabia had nothing to do with the Gulf crisis. "When we try to make a step closer to neighboring countries, there are internal and external voices trying to block this rapprochement," he said.
"I have been invited by Saudi Arabia for about a year and a half, and I was preached to it by visiting Saudi officials," he said.
There were reports of Abadi's opposition to isolation imposed by Saudi Arabia and other Arab countries on Qatar because it harms citizens as he seeks during his visit to obtain clarifications from Saudi Arabia about the accusations against Qatar.
And launched a block "law" led by Vice President Nuri al-Maliki, a violent attack on Prime Minister Haider Abadi for his intention to visit Saudi Arabia, calling for "non-interference of Iraq in the current Gulf crisis."
Saudi Arabia, the United Arab Emirates and other Arab countries have cut diplomatic ties and trade lines with Qatar, which has denied accusations by those countries of backing Islamic militants and Iran.
A diplomatic source in Riyadh told the German news agency earlier that "a positive atmosphere began to prevail relations between the two countries since the visit of Saudi Foreign Minister Adel al-Jubeir to Iraq in late February and meeting with Abadi and senior Iraqi officials, followed by the visit of Saudi Energy Minister Khalid al-Faleh late last month to Baghdad, during which he discussed with the Iraqi government officials the situation in the oil market and the issue of extension of the agreement to reduce production.
King Abdullah met Iraqi Prime Minister Haidar al-Abadi on the sidelines of the Arab summit in Jordan in late March.
The source revealed the desire of both sides to cooperate in a clear and clear manner in terms of the files of "Iran and terrorism" in the region in order to reach several understandings to meet all the challenges facing both sides.
The source hinted that the visit may result in the announcement of Riyadh's appointment of a new ambassador in Baghdad in succession to former Ambassador Thamir al-Sobhan.
The Saudi source said that the Saudi side will inform his Iraqi counterpart that the war on terrorism and confronting the organization of the "Islamic State" (calling) is one of the priorities of the Saudi leadership and that Riyadh is fully prepared to cooperate with any party including Iraq to eliminate any terrorist organization, And other terrorist organizations and militias.
The opening of the unified national card project in several areas in Basra
13-06-2017 01:53 PM The Directorate of Travel and Nationality in the province of Basra opened a unified national card project in the center of Qurna and Ezzedin Salim district (formerly Hawair) north of the province, while pointing to the opening of the project in the areas of Sadiq, Thaghr and Medina during the next few days.
"The project includes a shift from old paperwork to modern electronic work," said Fadil Ramathi, director of travel and nationality. "The card contains all the information about the individual, including his civil number, which can not be renewed in case of death. Ramathi added that the project will be linked to other government departments, as well as that it will limit the process of forgery and routine, where an appointment is scheduled to issue the card to the citizen through the website and then review the department on the deadline to complete the rest of the procedures and the issuance of the national card. Rafidain calls on citizens to cooperate with them to thwart any terrorist plot targeting Dhi Qar and other provinces
Release Date: 2017/6/13 13:38 • 6 times read
(Dhi Qar: Al-Furat News) The leadership of Rafidain operations called on citizens to cooperate more actively with them to foil any terrorist plot that might target the province of Dhi Qar, as well as other neighboring provinces.
"There is security information indicating that the terrorist groups intend to target the security of the southern provinces, especially Dhi Qar, Maysan and Muthanna, and therefore the operations command has stepped up its security efforts," Major General Ali Ibrahim Debaun, commander of operations, told AFP. To abort this chart. "
He pointed out that "the operations command depends primarily on the citizen, being the first source of information and thanks to his cooperation prevented many incidents and thwarted many of the conspiracies," calling "citizens to more cooperation to enhance security better. The official celebration of the third anniversary of the establishment of the popular crowd began
Editorial date: 2017/6/13 11:26 • 76 times read
{Baghdad: Al Furat News} Official celebration began on the occasion of the third anniversary of the declaration of the fatwa (Jihad Alkafaip), and the establishment of the «popular crowd».
The ceremony was held by the Media Directorate of the Popular Lobby under the slogan «Three years .. And victory continues».
The head of the popular crowd, Faleh al-Fayadh, delivered a speech on the occasion, and the leader of the crowd, Abu Mahdi al-Muhandis also delivered a speech. The ceremony was also attended by senior leaders of the crowd
Kauaihn Economic Times:
GLOBAL/NEWS/INFO
Daymond John of ‘Shark Tank’ reveals 5 principles that can help anyone become a millionaire
The FUBU founder took a shoestring budget and created an urban streetwear brand worth $6 billion. Here's how he did it.
Read more: Daymond John of ‘Shark Tank’ reveals 5 principles that can help anyone become a millionaire
Daymond John of ‘Shark Tank’ reveals 5 principles that can help anyone beco...
BANKS / BANKING
QCB asks banks for daily reports on FX trading, data
Mubasher
Doha – Mubasher: The Qatar Central Bank (QCB) has asked commercial banks for detailed, daily reports about foreign exchange trading and other items, Reuters reported on Thursday, citing banking sources. The QCB’s demand for information also … Read the full story
ECB shuts door to further rate cuts
Reuters
The European Central Bank left its aggressive stimulus policy unchanged on Thursday, but closed the door to further rate cuts, as inflation remained below its target despite accelerating economic growth. Read the full story
Oppenheimer Holdings has the Lowest Revenue Per Employee in the Investment Banking & Brokerage Industry (OPY, SF, ITG, SCHW, RJF)
SmarTrend News
Below are the three companies in the Investment Banking & Brokerage industry with the lowest Revenue Per Employee (RPE). Analysts use RPE as a measure to compare the productivity... Read the full story
TREASURIES/ BONDS/ STOCKS
US Treasurys lower as investors eye UK election, Comey testimony
U.S. government debt prices edged lower on Thursday, as investors braced themselves for political news out of the U.S. and Europe.
Read more: http://www.cnbc.com/id/
Hedge funds are still trailing the market badly this year, except for the ones buying bitcoin
CNBC
Hedge funds on average returned just 3.5 percent this year through May, according to HFR. Read the full story
U.S. stock funds pull most cash in nearly four months
POST Online Media
U.S.-based stock funds are staging a comeback, attracting the most cash since February during the latest week, Investment Company Institute data showed. The funds brought in $14 billion in cash during the week ended May 31, with the result driven by strong demand for equity exchange-traded funds, according to the trade group. Stock mutual funds posted $1... Read the full story
CURRENCIES
Forex - Dollar edges higher but remains near 7-month trough
© Reuters. Dollar gains some ground ahead of major global events Read the full story
Forex - Euro steady, sterling rises as markets brace for 'Triple Threat'
© Reuters. Euro steady, sterling rises as markets brace for 'Triple Threat' Read the full story
Euro churns near 6-mo. high on view ECB to take small steps toward loose-policy reversal
MarketWatch
The euro slipped but still churned near six-month highs Thursday ahead of a European Central Bank announcement that was at one time strongly expected to pave the way for tighter policy down the road but now leaves markets uncertain. The ECB is just one likely market-mover on a Thursday that includes a U.K. election and the Capitol Hill appearance by former Federal Bureau of Investigation boss James Comey. Read the full story
Sterling stages rally as the City bets on Theresa May win
Evening Standard
The pound rallied earlier as the City bet on an election victory for Theresa May. Read the full story
Forex - Aussie steady after disappointing trade data, kiwi moves higher
© Reuters. Aussie little changed vs. greenback, kiwi higher in late trade Read the full story
Antipodean Currencies Extends Rise As China Exports Rise Above Forecast
RTTNews
Antipodean currencies such as the Australian and the New Zealand dollars continued to be strong against their major counterparts in the Asian session on Thursday, after data showed that China's exports increased more than expected in May. Read the full story
Rupee weakens marginally against US dollar
Livemint
Mumbai: The Indian rupee on Thursday weakened marginally against the US dollar a day after Reserve Bank of India (RBI) kept key rates unchanged. Read the full story
Forex - Yen holds weaker after China trade data, risk events in focus
© Reuters. Yen weaker Read the full story
USA
Bill Gross warns U.S. market risk is at highest since 2008 crisis
MarketWatch
As stocks continue their inexorable march deeper into uncharted territory, yet another prominent investor has joined the chorus of experts warning of a catastrophic end to the market’s hot streak. Read the full story
Trump's approval rating is ahead of Bill Clinton's at the same stage
Daily Mail
President Donald Trump has been one of the least popular presidents in history during the first 140 days of his administration, but at least he can take solace in scoring higher than Bill Clinton. Read the full story
US world’s top oil and gas producer for fifth year in a row
Energy Voice
The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2016, according to figures released by the US Energy Information Administration (EIA). That means that the country has topped the table for the fifth year in a row. The country held on to top spot despite a decline in production for both petroleum and natural gas relative to their 2015 levels. The figures show that total petroleum and gas production was almost evenly split in the US and Russia. Read the full story
MORNING BRIEF: All eyes on Comey as ex-FBI head prepares to testify on hill
Fox News
Former FBI Director James Comey's blockbuster testimony before a Senate panel Thursday has the potential to both arm President Trump's critics with new evidence he sought to thwart a federal investigation of his associates - and bolster his defenders' claims that he did not cross a legal line. Read the full story
Hawaii leads way, becomes first state in US to enact legislation aligning with Paris Agreement
CNBC
Hawaii has become the first state in the U.S. to enact legislation implementing parts of the Paris Agreement. Read the full story
EMERGING MARKETS
Emerging markets are on the rise
Business Insider UK
That was then: Global investors underweight EM From 2011 to early 2016, EM economic growth, earnings and returns were under pressure. The headwinds for EM were significant, and included collapsing commodity prices, rapidly depreciating currencies and uncertainty surrounding economic growth in China. Investing in EM began to be thought of as merely a reach for yield, and expectations were that EM asset classes would continue to disappoint. Over time, investors significantly pared down their Read the full story
MIDDLE EAST
Kuwait steps up efforts to end Qatar blockade
the guardian
Kuwaiti emir flies to Qatar as Donald Trump also intervenes for second time in Gulf diplomatic crisis Kuwait has stepped up its efforts to mediate an end to the economic and diplomatic blockade of Qatar as other Gulf States set out more detailed demands for how Qatar should end its alleged funding and harbouring of terrorism. Kuwait’s Sheikh Sabah Al Ahmad Al Sabah flew to Qatar on Wednesday night and was met at the airport by Qatar’s emir, Sheikh Tamim bin Hamad Al Thani. The Qatari foreign Read the full story
Qatar credit rating cut by S&P as currency hits 11-year low
The Independent
Standard & Poor's downgraded Qatar's debt on Wednesday as the riyal currency fell to an 11-year low amid signs that portfolio investment funds were flowing out of the country because of Doha's diplomatic rift with other Arab states. Read the full story
Qatar Stock Market Witnesses Biggest Drop in 18 Months
Asharq Al-Awsat - English
From ASHARQ AL-AWSAT English. Riyadh – Qatar’s stock market has witnessed its biggest drop in 18 months, as the crisis between the country and … continue reading Qatar Stock Market Witnesses Biggest Drop in 18 Months Read the full story
UAE bourses likely to maintain gains amid liquidity recovery
Mubasher
By: Mahmoud Gamal Dubai – Mubasher: The UAE stock markets are expected to continue their rise on Thursday, amid the increase of liquidity along with investors’ tendency to increase their positions in some attractive stocks, analysts told Mubasher. … Read the full story
A
FRICA
Zimbabwe: 'Govt, U.S. to Improve Economic Relations'
AllAfrica
Zimbabwe will continue to engage the United States with a view to improve economic relations which froze over two decades ago.Addressing journalists after meeting visiting Deputy Assistant Secretary in the Bureau of African Affairs in the United States State Department Carol O'Connell on Tuesday, Finance and Economic Development Minister Patrick Chinamasa said Zimbabwe continues to re-engage with the country. "We met and we discussed. The discussion was about the whole gamut of issues including Read the full story
ASIA
China economy boosted in May despite credit rating downgrading
Express
CHINA reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property market. Concerns over China landed squarely back on global investors' radar after Moody's Investors Service downgraded its credit rating last month, saying it expects the country's financial strength will erode in coming years as growth slows and debt continues to rise. Read the full story
China reports surprise boost in exports but concerns remain over economy
The Independent
China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property market. Read the full story
Backing for Iran is part of China’s balancing act, say analysts
EUROPE
Britain Votes as Narrowing Polls Indicate These Five Scenarios
Bloomberg
Polls are open and voting is underway in a U.K. election dominated by Brexit, austerity and in the closing phases, security. The first indications of the result will come at 10 p.m. London time, when broadcasters will release an exit poll. While such surveys have generally been accurate in the past, they are not precise and the final result will not be known until Friday morning. Prime Minister Theresa May called the snap election to grow her parliamentary majority and secure her Conservative Read the full story
Merkel Bolsters G-20 Unity Against Trump in Latin America Visit
Bloomberg
Angela Merkel is taking her campaign to buttress the global order against the disruptive presidency of Donald Trump to Latin America. The German chancellor starts a three-day trip to Argentina and Mexico on Thursday in a bid to shore up support for a Group of 20 agenda bent on supporting trade, protecting the climate and managing migration. The visit comes a month before Merkel hosts a G-20 leaders summit in Hamburg. After trying and failing to persuade the U.S. president to stand by the Paris Read the full story
European Central Bank leaves benchmark interest rate unchanged, as expected
CNBC
The European Central Bank (ECB) left its benchmark interest rate unchanged on Thursday. Read the full story
Blessed and Highly Favored:
CBI Update: http://www.cbi.iq/
The CBI for Wednesday 6/14/17 did update on the indicative rates Buy Rate 1182 and Sell Rate 1184
The currency auction is 159,897,265
There are no news and announcements for Wednesday 6/14/17
ISX Update: www.isx-iq.net/isxportal/
Value Traded
589,523,994
Shares Traded
611,186,104
ISX ended in Red
Rafidain announces the activation of advances for employees
Baghdad - Journal News
Rafidain Bank announced on Wednesday the activation of advances for employees and controls for these advances, noting that the priority for those who carry the smart card.
The bank said in a statement received by the Journal News that it had decided to activate the advances process for employees from the government departments that are not overstaying the payment, provided that "the applicant for the advance has a service of not less than one year."
The Bank has published a set of conditions and controls for the employees' advances
Kauaihn Chatter:
6-14-2017 Newshound Guru MilitiaMan Everything points to end game and we have known this now since the UNSC Doc hit a week ago this last Friday. Nothing has changed that position...sooner than later.
6-14-2017 Newshound Guru Peggy68 [New Guru] My thoughts, IRAQ has escrow accounts from every country in the world that they can get from now til June 30th, but they need that rate 1st! Lots of High End officials will be Iraq tomorrow, IMF is giving them another 38 Million or Billion I believe tomorrow or after they post a rate, too much reading brain overload...International contracts were put out for bids and the application deadlines for most were June 11th...they are ready to get to work! 5 events dominate the global markets next week...Investors around the world await a number of important events over the next week, amid special attention to policy decisions of cash in several countries. If it doesn't happen this week it's the end of the month! But I still feel we will see the International Rate announced this week and on Forex 13th-16th June! I know it could go anywhere between now & 30th but I think the above is possible. International Rate here we come.
6-13-2017 Newshound Guru Phillyman Article: "ISIS Leader Abu Bakr al-Baghdadi killed in Syria: State TV" Still no confirmed reports of his death apart from Syria state television but I find it interesting that the above article throws out the crazy rumor about him. Maybe IS is having a hard time confirming his whereabouts and had to put something out to cover themselves.
6-13-2017 Intel Guru Delta [...why would other counties want to do business with Iraq and only be paid in IQD...] When Iraq goes international ...we all know they have potential. Iraq knows they have potential and they are getting there. Companies are not looking to participate from a currency revalue standpoint...they are looking at the revenue for 20-30 years. They are looking at capital. They want to help with the rebuilding of Iraq.
6-13-2017 Newshound Guru Kaperoni
Article: "Investment Authority: The current year will see the implementation of a thousand projects in 10 productive sectors " ...pretty grand expectations...they better get to work.6-13-2017 Newshound Guru MadDScout Article: "The Association of Private Banks appoints a temporary chairman" Quote: "the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits..." I like this one because it speaks to internal house cleaning...House cleaning within the banking association. It says that eventually being corrupt will be of no gain. 6-13-2017 Intel Guru Frank26 I am VERY pleased with the LAVA-FLOW of the IQD. No one is talking about 2018. Allaq is not talking about 2018. It’s obvious to see what they are doing. Allaq wants to keep everyone informed, but he is NOT talking about 2018. That is VERY encouraging. 6-13-2017 Intel Guru Delta I believe that the corruption issues are more important than the Mosul issues at the current time. All of this leads to the dropping of the 3 zeros. Waiting for Mosul to be announced – that should happen very soon. Only certain areas in Iraq are not yet done. Very small areas. Not much left to do. The end of Ramadan and the liberation of Mosul could happen at the same time. We should be getting more information from the CBI. We have a target from now until July. July at the latest – but I am expecting it sooner. The IMF – they want to see compliance. Abadi wants to go international – so maybe...12-14 days (2 weeks). There is a group of people that don’t want this to happen – but this time...IT’S NOT GOING TO WORK! The CBI is doing a tremendous job. ...(USA) is done giving them money and any more leeway. The time has come – this is the end.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not posted on English side)
The Council of Ministers holds its regular session chaired by Dr. Haider Abadi
The Cabinet held its regular session on Tuesday 13 June 2017 under the chairmanship of the Prime Minister Dr. Haider Abadi.
It was voted on to approve the recommendation of the emergency meeting of the civil crisis management cell concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad from paragraph (3) of the Council of Ministers Resolution No. (329) for the year 2015 regarding the protection of the national product from liquid chlorine until 31-12-2017 For water purification purposes exclusively. A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons. Vote on the release of salaries of employees of Nineveh province who have checked security by the security audit team of the Ministry of Interior or by the national security. The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue to work after the official working hours until the completion of the task in the presence of managers of formations responsible for salaries of ministries whose salaries were delayed in the province of Nineveh. They discussed the provision of electricity in Nineveh province and coordination with the Kurdistan region to secure the transfer of crude oil from Kirkuk to Nineveh. The Council of Ministers instructed the Ministry of Health to complete the required numbers for the grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017. The Council of Ministers voted to consider the projects of collection, maintenance and rehabilitation in the electricity sector of the strategic projects of a federal nature based on the provisions of Article (4 / I / 7) of the Investment Law No. (3) for 2009. The National Investment Authority shall issue the investment licenses for the projects above. A vote was also made on the payment of dues to truck drivers of the Ministry of Commerce, which contributes to support the security forces. The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry. The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long. The council also discussed the situation of the displaced in Nineveh, in addition to yesterday's incident, which led to the poisoning of 800 displaced persons in the camp of Hassan Sham U2 and the death of a child and a woman. An investigation into the incident was opened and seven people were arrested in connection with the investigation. Prime Minister 's Media Office 13 June 2017
*************
ARTICLE 2
Abadi: The anniversary of the establishment of the popular crowd is a national holiday and we will continue to defend it
2017/6/13 11:19
[Ayna-Baghdad]
The Prime Minister, Commander-in-Chief of the Armed Forces Haidar al-Abadi said on Tuesday that he will continue to defend the popular crowd, while counting the anniversary of its founding as a "national holiday."
This came in the speech of Abbadi, on his behalf, the head of the popular rally Faleh Fayyad official ceremony on the occasion of the third anniversary of the Declaration of the [Islamic Jihad] and the establishment of the [popular crowd] established by the media Directorate of the crowd under the slogan [three years .. And victory continues].
Al-Abbadi said that "the fatwa of the Islamic Jihad for the religious authority, Mr. Ali al-Sistani changed the equation of reality from refraction to victory and victory," calling for "celebrating and celebrating this anniversary as a national holiday." "The sacrifices he made can not be described," he said, pointing out that "a psychologically defeated advocate was launched on the day of the popular rally." Abadi said that "there are those who wanted to sabotage the relationship between the government and the popular crowd, the facts proved otherwise," stressing that "will continue to defend the popular mobilization."
*************
ARTICLE 3
Governor of Baghdad: near the call of the most important international companies to invest in the capital
2017/6/14 10:05
[Ayna-Baghdad]
The governor of Baghdad Atwan al-Atwani, the near-open wide areas of investment in the capital through which the call of the most important companies and investors, seeking to open the door of cooperation and coordination between the conservative and investment companies in all fields, to complete major projects.
A statement from his office received the agency of all Iraq [where] a copy of it, Atawani "received in his office the delegation of the Hanwa Korean company executing the project Basmaya housing, the delegation gave a presentation on the level of achievement achieved on the project and its projects were discussed in order to ensure the provision of Services and housing for citizens, stressing the need to develop marketing ways for residential units, to ensure the successful management of its service.
Al-Atwani stressed on the necessity of using all institutions with investors according to the investment law, while giving flexibility in dealing for the success of future investment plans and promoting the service and urban reality in the capital. The Governor of Baghdad expressed his appreciation for the level of achievement achieved by the projects and the commitment of the company to implement them, stressing the investment projects the best solution to many of the housing, health and economic problems.
***************
ARTICLE 4-A
Military Information Cell: The advance of the Federal Police in the vicinity of the humpback is inaccurate
2017/6/12 13:43
[Ayna-Baghdad]
The media cell said that "media reports of the progress of the federal police forces to the vicinity of the humpback and this is inaccurate news." The famous mosque is located in the Grand Mosque of Nuri in Ayman Mosul, where the leader of the terrorist called Abu Bakr al-Baghdadi announced his alleged succession.
"Our forces continue their military operations to free the remnants of Zinjili and heal" in the old city on the right side of the city of Mosul, a cell statement said.
And called on "all media not to transmit any news concerning the liberation of areas and the advance of security forces only through the Military Information Cell exclusively, for accuracy and credibility to inform the public opinion of the official position of military operations.
***************
ARTICLE 4-B
Urgent liberation of Zanjili fully and the storming of the Shifa neighborhood in Ayman Mosul
2017/6/13 12:08
[Ayna-Baghdad]
The security forces liberated al-Zanjili neighborhood completely from the gangs of terrorist supporters on the right side of the city of Mosul. "Federal police and rapid response units liberated the northern part of Zinjili district and stormed Al-Shifa neighborhood in the right-hand side of the city of Mosul," said the commander of the operations of Yaninwei Army Gen. Abdul Amir Rashid Yaarallah. The liberation of the Zinjili fully by the Iraqi army and federal police. "
***************
***************
ARTICLE 4-D
Iraqi Day 🇮🇶 @iraqi_day 13minutes ago -- Just spoke to friends in Bab Al-Tub south of #Mosul Old city and they told me that " The #ISIS attack has been dealt with".
*************
ARTICLE 5
Iraq and Syria discuss cooperation in border control
2017/6/13 23:38
[Ayna - Baghdad]
The Chief of Staff of the Army, Lieutenant General Osman Al-Ghanmi, discussed with the Head of the Operations Directorate of the Syrian Ministry of Defense and his accompanying delegation coordination and security cooperation between the two brotherly countries.
"The meeting dealt with a number of vital issues, including the Iraqi-Syrian theater of theater as a single theater and a common enemy of the terrorist dossier and its elimination requires more cooperation and coordination in the field of intelligence exchange and border control," a defense ministry statement said. By the developing forces of the Iraqi and Syrian armies to maintain continuous pressure on the terrorist enemy and the establishment of a joint operations center through which coordination between the two sides. "
"The meeting discussed the latest military developments in Mosul and also on the Syrian side," he said. For his part, President of the Syrian Operations Organization, the victories of the Iraqi army in Mosul, praising the capabilities of our security forces in resolving the battles he fought against terrorist gangs. He stressed "the strength of the relationship between the two brotherly countries and the continuation of cooperation in the military field and other areas for the benefit of the Iraqi and Syrian peoples to maintain security and stability and prevent the passage of terrorist elements within the territory of the two countries."
*************
ARTICLE 6
International Migration: New displacement of 25 thousand people from Ayman Mosul
2017/6/14 11:12 • 16 times read
[Ayna-Baghdad]
More than 25,000 people have been displaced from western Mosul in the last five days alone as fighting between Saddam and Iraqi forces approaches the Old City, the International Organization for Migration (IOM) said. "An estimated 118,000 people are believed to be still stranded there, and a large proportion of those fleeing are children," the UNAMI statement said.
"At Al-Tuwari, established by the International Organization for Migration (IOM) at Qayara airport, 28,387 of the 49,000 internally displaced persons are children," he said, adding that at Haj Ali, the second emergency site established by the International Organization for Migration (IOM), 203,390 out of 34,561 children Internally displaced persons ".
According to the statement, "about 55% of IDPs in Mosul are children."
*************
ARTICLE 7
Astronomy experts: Eid al-Fitr on Monday, 25 June
BAGHDAD, June 13 (Xinhua) - Experts in the field of meteorology and astronomical phenomena said that the first day of Eid al-Fitr will be on Sunday (June 25th) .
They said that "the Shawwal of Shawwal 1438 Hijri will be born at dawn on Saturday, 24 June 2017 at 31:05 minutes, the day of vision," pointing out that "astronomical estimates became closer to reality and very accurate to the scientific progress in this area, According to astronomical estimates, the last day of the month of Ramadan, 1438 will be on June 24, 2017, where the month of Ramadan this year will be 29 days, and the first day of Eid al-Fitr and the month of Shawwal 1438 will be on Sunday 25 June 2017 astronomical. AH
|
Wednesday, June 14, 2017
Word on the Street Wednesday 6/14/17
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment