Word on the Street Friday 7/7/17:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | |
|
1,140.8000 | 1,136.2000 | 1,136.2000 | |
07:11 |
| USD/VND | |
|
22,396.0000 | 22,285.0000 | 22,285.0000 | |
07:11 |
| USD/CNY | |
|
6.8048 | 6.7934 | 6.8032 | |
07:11 |
| USD/KWD | |
|
0.3028 | 0.3027 | 0.3028 | |
01:37 |
| GBP/USD | |
|
1.2974 | 1.2889 | 1.2968 | |
07:11 |
| USD/IRR | |
|
12,048.0000 | 12,048.0000 | 12,048.0000 | |
17:51 |
| USD/IDR | |
|
13,417.0000 | 13,369.0000 | 13,381.0000 | |
07:11 |
CNBC Link:
CNBC Morning Squawk
Link: https://view.response.cnbc.
Article of the
Day:
Mosul has been completely liberated and the next hours will be officially announced
http://translate.
According to IRNA sources in the old area of
Mosul, the armed clashes with the terrorist gangs have been stopped for hours
after the liberation of the last of my followers from the right side of
Mosul.
The official announcement of the liberation of Mosul may take place in the coming hours, and the field commanders are waiting for the official declaration of liberation from the commander-in-chief of the armed forces, Iraqi Prime Minister Haider al-Abadi, with the expectation of his presence to the Mosul and the announcement. Victory from them.
It is noteworthy that the leader of the gangs calling for the terrorist (Abu Bakr al-Baghdadi) and after the occupation of a call to the Mosul had been announced from the Mosque of Nuri in Mosul and on this day on 7/7/2014 AD the establishment of the succession, Today in the same date.
Finished 1837
The official announcement of the liberation of Mosul may take place in the coming hours, and the field commanders are waiting for the official declaration of liberation from the commander-in-chief of the armed forces, Iraqi Prime Minister Haider al-Abadi, with the expectation of his presence to the Mosul and the announcement. Victory from them.
It is noteworthy that the leader of the gangs calling for the terrorist (Abu Bakr al-Baghdadi) and after the occupation of a call to the Mosul had been announced from the Mosque of Nuri in Mosul and on this day on 7/7/2014 AD the establishment of the succession, Today in the same date.
Finished 1837
DC NY Iraq Articles:
Jubouri and Amiri stress the importance of supporting stability in liberated areas
Release Date: 2017/7/6 9:11 • 95
times read
(Baghdad:
al-Furat News) Speaker of the House of Representatives Salim al-Jubouri and head
of the Badr Organization Hadi al-Amiri stressed the importance of concerted
efforts to support stability in the liberated areas.
"The Speaker of the House of
Representatives Salim al-Jubouri met on Wednesday evening the head of the Badr
Organization Hadi al-Ameri, and during the meeting discussed the latest
political and security situation in Iraq, and the importance of concerted
efforts to support stability in the liberated areas," a statement from his
office said.
"The most important files that can be focused in the coming period are the rehabilitation of the areas affected by terrorism, the removal of all obstacles to the return of displaced persons, and the provision of a suitable environment for community reconciliation," the speaker said.
He added that "the House of Representatives supports all efforts to achieve stability and restore the normal life of these areas, either through the work of the committees with the concerned bodies or through laws and supporting legislation."
"After all the great victories achieved by our heroic forces in the battle of Mosul, we have the duty to think and plan for the next phase and to work to speed up the return of displaced families and provide all the necessary needs for them and alleviate their suffering," he said.
"The most important files that can be focused in the coming period are the rehabilitation of the areas affected by terrorism, the removal of all obstacles to the return of displaced persons, and the provision of a suitable environment for community reconciliation," the speaker said.
He added that "the House of Representatives supports all efforts to achieve stability and restore the normal life of these areas, either through the work of the committees with the concerned bodies or through laws and supporting legislation."
"After all the great victories achieved by our heroic forces in the battle of Mosul, we have the duty to think and plan for the next phase and to work to speed up the return of displaced families and provide all the necessary needs for them and alleviate their suffering," he said.
South gas: We have provided the state budget with 9 billion dollars annually
Release date: 2017/7/6 9:30 • 122 times scheduled
[Al-Basra:
Al-Furat News} South Gas Company announced that the company, after exporting
liquid gas and condensate, has achieved additional financial revenues for the
state budget estimated at nine billion dollars a year come as direct
money.
The director of the company Ihsan
Abdul-Jabbar Ismail said in a press statement that "there are indirect funds
come from the development in export, the number of jobs that will be available
in the gas sector as well as the operation of laboratories such as
petrochemicals, fertilizers and secondary laboratories.
In another context, Ihsan explained that "the company currently provides about seven hundred million cubic feet of dry gas for the national network, and only from the production of Basrah gas."
He said that "six hundred and fifty of them go to power plants as well as seven hundred million cubic feet of power plants and gas production in the province of Maysan."
In another context, Ihsan explained that "the company currently provides about seven hundred million cubic feet of dry gas for the national network, and only from the production of Basrah gas."
He said that "six hundred and fifty of them go to power plants as well as seven hundred million cubic feet of power plants and gas production in the province of Maysan."
A deputy submits his resignation to parliament and apologizes for this reason
Editorial date: 2017/7/6 10:18 • 795 times read
Baghdad:
al-Furat News) The deputy for the province of Anbar Talib al-Kharbit, on
Thursday, to resign from the Iraqi Council of Representatives, offering his
apology to the Iraqi people.
Kharbit said in the request
obtained by the agency {Euphrates News} a copy of it, "I MP Talib al-Kharbit, I
submit this request to accept my resignation from the House of Representatives,
so as not to be a false witness to the betrayal of my country," as he put
it.
"I did the oath, so why not respect the Iraqi citizen and be killed in cold blood and carelessly of the government."
Al-Khuraibt apologized to "all Iraqis and to the people of Anbar, especially Al-Bau Issa, because of the killing of their heroic son."
A citizen who was planning to enter the district of Fallujah was killed yesterday by a security control that confirmed that he did not comply with orders to stop, and was walking in the opposite direction, prompting one of the members of the point to shoot him directly. is over
"I did the oath, so why not respect the Iraqi citizen and be killed in cold blood and carelessly of the government."
Al-Khuraibt apologized to "all Iraqis and to the people of Anbar, especially Al-Bau Issa, because of the killing of their heroic son."
A citizen who was planning to enter the district of Fallujah was killed yesterday by a security control that confirmed that he did not comply with orders to stop, and was walking in the opposite direction, prompting one of the members of the point to shoot him directly. is over
The National Union and the Islamic Union call for the formation of a body negotiating with Iraq and the world on the referendum
The two parties agreed the
Kurdistan National Union and Islamic on Thursday on the need to form a body of
political parties in the region to negotiate with the parties and the Iraqi
forces and countries of the region and the world on a referendum to
self-determination independence of Kurdistan.
. The two parties held a
meeting earlier in the day in Sulaymaniyah.
He said the leader of the
Patriotic Union of Kurdistan Saadi Bireh in a press conference held after the
meeting and attended by Shafak News, that we discussed during the joint meeting
in Iraq and the region, and the stage after the organization of the preacher and
how to deal with it, and keeping security in Kurdistan may result from the
subconscious beyond that stage.
He added that the meeting also
discussed the internal problems in the Kurdistan Region, and work to improve the
service and living conditions of the individual in the region, and that the
government reconsider the mechanism of paying salaries to employees.
He stressed that the meeting
discussed the issue of the referendum and work to make it successful by the
participation of all parties and political forces in Kurdistan, stressing that
there is no legal problem that stands in the way of holding the referendum, but
what we regret now that we are talking about a democratic system in Kurdistan
while his parliament is still closed and inactive.
He added that the parliament must
be activated to gain legal support, and the passage of the referendum through
parliament makes it more legitimate and strong.
T he leader of the Patriotic
Union of Kurdistan that we agreed that the formation of a body of all the
Kurdish parties active on the arena is to negotiate with the parties and
political forces Shiite and Sunni in Baghdad, as well as with the countries of
the region and the world, "asserting that the referendum is the mandate of the
people of the Government of the Territory and parties for independence About
Iraq.
We want to form our state through
dialogue and peaceful means, not wars and fighting," he said.
For his part, said the leader of
the Islamic Union of Kurdistan Omar Mohammed during the conference, the meeting
was positive and very good, and we stressed that it is necessary to improve the
reality of living before going to the referendum for the success of
independence.
He added that the referendum is one of
the most important principles, which is a natural right and must be removed from
any political bidding that may harm and harm him. He called for the need to
establish a legal basis for the referendum through activating the parliament of
the Kurdistan Region.
Deloitte launches Iraq Business
Guide
06-07-2017
11:38 AM
Readers
Baghdad News -
The Deloitte Foundation released a new report on Iraq's tax environment under the title "Iraq's Commercial Guide - Understanding the Tax Situation in Iraq" to guide companies and support their clients and stakeholders in Iraq. The report aims to shed light on the key areas requiring consideration, both for companies that are looking to invest in Iraq for the first time, and those with experience and currently working in Iraq. The General Authority for Taxation, following the appointment of a new general manager, that one of its main goals quickly dealing with tax assessments and collection of tax revenues in most ways.
"The Iraqi authorities have not fully implemented the self-assessment system for taxes, and the process is still affected by the Commission's review of the tax return requests," said Jane Stokes, director of taxation at Deloitte Middle East in Iraq. "However, there is a perception in the Commission that taxpayers are not doing enough to participate effectively in the debate with the IRS."
The Deloitte report provides companies with significant tax considerations for doing business in Iraq, highlighting the most important factors affecting their operations, such as regulatory, economic, and market developments. The guide also addresses the sectors that attract investment and rich opportunities and considerations to enter the market, in addition to the procedures necessary to establish companies in Iraq.
The partner in charge of international tax services in Deloitte Middle East Alex Lo said that Iraq "despite the complexities in this area, still provides investment opportunities for foreign companies. But in light of the approach adopted by the General Authority for Taxation, it is important for taxpayers, both new and those with sophisticated business activities in Iraq, to take proactive steps from the outset to ensure compliance with the obligations of tax filing in Iraq ».
Deloitte launches Iraq Business Guide 06-07-2017 11:38 AM Readers Baghdad News - The Deloitte Foundation released a new report on Iraq's tax environment under the title "Iraq's Commercial Guide - Understanding the Tax Situation in Iraq" to guide companies and support their clients and stakeholders in Iraq. The report aims to shed light on the key areas requiring consideration, both for companies that are looking to invest in Iraq for the first time, and those with experience and currently working in Iraq. The General Authority for Taxation, following the appointment of a new general manager, that one of its main goals quickly dealing with tax assessments and collection of tax revenues in most ways. "The Iraqi authorities have not fully implemented the self-assessment system for taxes, and the process is still affected by the Commission's review of the tax return requests," said Jane Stokes, director of taxation at Deloitte Middle East in Iraq. "However, there is a perception in the Commission that taxpayers are not doing enough to participate effectively in the debate with the IRS." The Deloitte report provides companies with significant tax considerations for doing business in Iraq, highlighting the most important factors affecting their operations, such as regulatory, economic, and market developments. The guide also addresses the sectors that attract investment and rich opportunities and considerations to enter the market, in addition to the procedures necessary to establish companies in Iraq. The partner in charge of international tax services in Deloitte Middle East Alex Lo said that Iraq "despite the complexities in this area, still provides investment opportunities for foreign companies. But in light of the approach adopted by the General Authority for Taxation, it is important for taxpayers, both new and those with sophisticated business activities in Iraq, to take proactive steps from the outset to ensure compliance with the obligations of tax filing in Iraq
Readers
Baghdad News -
The Deloitte Foundation released a new report on Iraq's tax environment under the title "Iraq's Commercial Guide - Understanding the Tax Situation in Iraq" to guide companies and support their clients and stakeholders in Iraq. The report aims to shed light on the key areas requiring consideration, both for companies that are looking to invest in Iraq for the first time, and those with experience and currently working in Iraq. The General Authority for Taxation, following the appointment of a new general manager, that one of its main goals quickly dealing with tax assessments and collection of tax revenues in most ways.
"The Iraqi authorities have not fully implemented the self-assessment system for taxes, and the process is still affected by the Commission's review of the tax return requests," said Jane Stokes, director of taxation at Deloitte Middle East in Iraq. "However, there is a perception in the Commission that taxpayers are not doing enough to participate effectively in the debate with the IRS."
The Deloitte report provides companies with significant tax considerations for doing business in Iraq, highlighting the most important factors affecting their operations, such as regulatory, economic, and market developments. The guide also addresses the sectors that attract investment and rich opportunities and considerations to enter the market, in addition to the procedures necessary to establish companies in Iraq.
The partner in charge of international tax services in Deloitte Middle East Alex Lo said that Iraq "despite the complexities in this area, still provides investment opportunities for foreign companies. But in light of the approach adopted by the General Authority for Taxation, it is important for taxpayers, both new and those with sophisticated business activities in Iraq, to take proactive steps from the outset to ensure compliance with the obligations of tax filing in Iraq ».
Deloitte launches Iraq Business Guide 06-07-2017 11:38 AM Readers Baghdad News - The Deloitte Foundation released a new report on Iraq's tax environment under the title "Iraq's Commercial Guide - Understanding the Tax Situation in Iraq" to guide companies and support their clients and stakeholders in Iraq. The report aims to shed light on the key areas requiring consideration, both for companies that are looking to invest in Iraq for the first time, and those with experience and currently working in Iraq. The General Authority for Taxation, following the appointment of a new general manager, that one of its main goals quickly dealing with tax assessments and collection of tax revenues in most ways. "The Iraqi authorities have not fully implemented the self-assessment system for taxes, and the process is still affected by the Commission's review of the tax return requests," said Jane Stokes, director of taxation at Deloitte Middle East in Iraq. "However, there is a perception in the Commission that taxpayers are not doing enough to participate effectively in the debate with the IRS." The Deloitte report provides companies with significant tax considerations for doing business in Iraq, highlighting the most important factors affecting their operations, such as regulatory, economic, and market developments. The guide also addresses the sectors that attract investment and rich opportunities and considerations to enter the market, in addition to the procedures necessary to establish companies in Iraq. The partner in charge of international tax services in Deloitte Middle East Alex Lo said that Iraq "despite the complexities in this area, still provides investment opportunities for foreign companies. But in light of the approach adopted by the General Authority for Taxation, it is important for taxpayers, both new and those with sophisticated business activities in Iraq, to take proactive steps from the outset to ensure compliance with the obligations of tax filing in Iraq
Kauaihn Iraq Articles:
Planning reviews its plan for reconstruction of liberated areas
Baghdad - Journal News
The Ministry of Planning reviewed
its plan for the reconstruction of the liberated areas, stressing the work of
developing the private sector and strengthening the principle of partnership and
attracting capital.
The ministry said in a statement
on Thursday that its minister, Salman Jumaili, participated in the Iraq
Investment, Trade and Reconstruction Conference organized by the Iraqi Embassy
in London in cooperation with the Arab-British Chamber of Commerce and Industry
during the current week with the broad participation of Iraqi businessmen and
British companies " .
The office added that "Jumaili
reviewed during the conference the vision of Iraq for the next phase and the
investment and reconstruction and the business environment and trade for the
post-liberation phase."
During the conference, he stressed
that "the next stage (the post-liberation stage and ending in Iraq) will witness
broad economic and investment trends within the framework of the reconstruction
and development of the liberated areas through focusing on private sector
development, business environment, investment promotion, poverty eradication and
economic reform."
"The ministry, in cooperation with
national and international partners, has identified development paths that are
consistent with global trends to achieve the goals of sustainable development
until 2030. The work is also under way to prepare the five-year national
development plan (2018-2022)."
Al-Jumaili added that "the
ministry prepared a detailed plan for the reconstruction of liberated areas for
the period 2017-2027 based on the recovery of these areas economically and
socially through the attention and focus on the fragile groups and empower the
youth and strengthen their basic capacities, in addition to the adoption of the
principle of crisis recruitment and investment opportunities development To make
the best changes and results. "
He pointed out that "the
reconstruction plan will be linked to the next two national development plans
(2018-2022) and the second (2023-2027) to ensure their implementation and
provide the necessary funds to complete infrastructure projects and achieve
economic development, human and social."
The statement pointed out that
"the Minister of Planning spoke during the conference on economic trends towards
enhancing public-private partnership and partnership with external parties and
government plans to settle government contracts and investment and attract
internal and external capital."
In the document .. The resumption of Basra: the case of Albzuni is still under investigation and is accused of accepting bribes
Editorial date: 2017/7/6 11:46 • 180 times read
(Basra:
Euphrates News) The agency received {Euphrates News} the document of the order
of the judge investigating the Court of Integrity in Basra, the arrest of the
President of the Basra Provincial Council Sabah al-Bezouni for five days in
accordance with Article {307} of the Penal Code No. 111 of 1969 amending.
The document pointed out that
"Al-Bezouni is accused of accepting bribes from a Lebanese businessman, while an
arrest warrant was issued against the other defendants in accordance with
article 310 of the Penal Code.
The document issued on the twenty-third of February of this year 2017, indicated that Al-Bezouni received 100 thousand dollars in his account of the Iraqi Commercial Bank as a first payment of the total amount of one million dollars originated in the Emirate of Dubai in the UAE.
"Saudi Dow has paid $ 100 million to Basra Provincial Council Chairman Sabah al-Bezouni," the document said. And the duties of the company "Dow Jumaih," collection of electricity wages in the province within the project of privatization of electricity, which started the electricity "
The amount was transferred to the head of the Basra Provincial Council by a person named "Morteza Abdullah Ghadib" through the Iraqi Commercial Bank in Basra
The document did not specify the reasons for the disbursement of the amount or any commercial transaction in exchange for the transfer. is over
The document issued on the twenty-third of February of this year 2017, indicated that Al-Bezouni received 100 thousand dollars in his account of the Iraqi Commercial Bank as a first payment of the total amount of one million dollars originated in the Emirate of Dubai in the UAE.
"Saudi Dow has paid $ 100 million to Basra Provincial Council Chairman Sabah al-Bezouni," the document said. And the duties of the company "Dow Jumaih," collection of electricity wages in the province within the project of privatization of electricity, which started the electricity "
The amount was transferred to the head of the Basra Provincial Council by a person named "Morteza Abdullah Ghadib" through the Iraqi Commercial Bank in Basra
The document did not specify the reasons for the disbursement of the amount or any commercial transaction in exchange for the transfer. is over
DNO Norway receives $ 41 million from Kurdistan
One of the oil fields
of the Norwegian company
06 July 2017 11:22 pm
Direct: Norwegian
company "DNO" received $ 40.66 million from the Kurdistan Regional Government,
according to a statement on the company's website. The company
explained in a statement that this is in exchange for deliveries of crude oil
for the month of April to the export market with the supply license from the
field, "Tawke". The amount is divided into $ 34.1 million from the monthly
delivery and $ 6.56 million as unpaid former indebtedness, and DINO shares those
amounts in proportion to its partner, Genel Energy Plc. In March, DNO
said it had received 43.8 million of the Territory's government from previous
shipments in December, including $ 36.73 million on monthly deliveries and $
7.06 million in late payments.
Al-Jubouri to Spain's ambassador: A close end is imminent and we are waiting for an important stage
Date of release: 2017/7/6 13:17 • 20 times read
(Baghdad:
Al-Furat News) Speaker of the House of Representatives Salim al-Jubouri
confirmed the end of the gangs of terrorist da'is are close and the country is
waiting for an important stage.
A statement issued by his office
received the agency "Euphrates News" copy of it today, "The Speaker of the House
of Representatives Salim al-Jubouri received in his official office, Thursday,
the Spanish Ambassador to Iraq Juan Jose Scobar, during the meeting discussed
the latest political and security developments in the country and the region,
Against terrorism and the liberation of the city of Mosul. "
"The Iraqi forces have achieved great victories in Mosul and are close to the end, and the presence of a supporter in Iraq will soon end with the vigor of his sons."
"The importance of increasing coordination and cooperation between Iraq and the international coalition to end this extremist organization and to bring security and stability in the region and the world."
Jubouri noted that "the relief of the displaced and the reconstruction of liberated areas and the return of the people is the stage that should be initiated for the purpose of ending their suffering and this file needs international cooperation with Iraq."
For his part, the Spanish ambassador expressed his country's interest in coordinating with Iraq and opening the horizons of bilateral cooperation in order to establish special relations between the two countries aimed at achieving common interests. is over
"The Iraqi forces have achieved great victories in Mosul and are close to the end, and the presence of a supporter in Iraq will soon end with the vigor of his sons."
"The importance of increasing coordination and cooperation between Iraq and the international coalition to end this extremist organization and to bring security and stability in the region and the world."
Jubouri noted that "the relief of the displaced and the reconstruction of liberated areas and the return of the people is the stage that should be initiated for the purpose of ending their suffering and this file needs international cooperation with Iraq."
For his part, the Spanish ambassador expressed his country's interest in coordinating with Iraq and opening the horizons of bilateral cooperation in order to establish special relations between the two countries aimed at achieving common interests. is over
Saudi Arabia congratulates Iraq on victories over the "dads"
Baghdad - Journal News
The Saudi chargé d'affaires in
Baghdad, Abdulaziz bin Khalid, congratulated the Iraqi Defense Minister, Mahmoud
al-Hayali, on "the great victories achieved by the Iraqi army heroes against the
terrorists who advocated, and liberating the usurped lands from their
desecration."
The Saudi congratulations came
during a meeting between the Iraqi minister and the Saudi diplomat at the
ministry's headquarters. According to a statement on Iraqi state television.
During the meeting, they discussed
means of supporting Riyadh to Baghdad and focusing on ways to develop bilateral
relations between the two neighboring countries.
The news comes as the Iraqi army
is making significant progress in western Mosul against the remaining elements
of the "Dahesh", which are confined to the last square kilometer of the Old
City.
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The United Nations said in a new report that African governments should make it easier and safer for Africans to travel within the continent. "Tourism is a dynamic sector with phenomenal potential in Africa. Properly managed it can contribute immensely to diversification and inclusion for vulnerable communities," said Mukhisa Kituyi,... Read the full story
GLOBAL/NEWS/INFO
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A Plan For Raising Brilliant Kids, According To
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NPR
A developmental framework for building 21st century skills — no technology or money required. Read the full story
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The Top 3 Theories for Amelia Earhart’s
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National Geographic
Eighty years since she disappeared, Earhart's fate remains one of aviation's greatest unsolved mysteries. Read the full story
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OIL /
COMMODITIES / ENERGY
Energy Mixes Shift But Fossils Remain
King
Triple Pundit
The world's most valuable company is not Apple, Google, or Amazon. It's an oil company, and it's about to go public. Saudi Aramco, the Saudi Arabian state energy goliath, is preparing for an initial public offering in 2018. But its valuation will depend on how oil futures are calculated. Read the full story
Triple Pundit
The world's most valuable company is not Apple, Google, or Amazon. It's an oil company, and it's about to go public. Saudi Aramco, the Saudi Arabian state energy goliath, is preparing for an initial public offering in 2018. But its valuation will depend on how oil futures are calculated. Read the full story
US shale is wrecking its own
recovery
Business Insider UK
Business Insider UK
Operational improvements in shale and non-shale oil
drilling, on top of lower expenses for oilfield services and access to pipeline
capacity, have driven down the costs of producing the fossil fuel since the 2014
market crash. But the increase in output has forced barrel prices into a deeper
bearish market, causing further damage to corporate bottom lines. This trend is
mapped clearly in the MSCI’s World Energy Index, which measures the progress of
large and medium sized companies in 23 Read the full story
Oil recovers from fall, bond yields regain
traction
Reuters
Reuters
Oil recovered from a heavy fall while European stocks
and bonds were in the red on Thursday, as markets waited to see if ECB meeting
minutes would give clues on the bank's next moves. Read the full story
Oil bounces back after worst loss in a month ahead
of EIA data
MarketWatch
Oil prices rally on Thursday, rebounding from their worst loss in a month, after data showed U.S. stockpiles had fallen much more than expected last week. Read the full story
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Oil prices rally on Thursday, rebounding from their worst loss in a month, after data showed U.S. stockpiles had fallen much more than expected last week. Read the full story
Is Gold on track for a correction down to
$1,180?Investing.com
Commodities Jul 06, 2017 10:06 GMT Investing.com - The almost 2% fall in gold Monday confirmed fears that the metal’s trajectory is going to be bearish moving ahead. The decline also strengthened the view provided by the commodity’s technical chart that the precious metal could be heading for a correction back to the $1,180 area, the first trough seen in its recent uptrend. The sharp downturn and subsequent reversal points to an ABC wave forming in the coming weeks as the historical reversal Read the full story
Commodities Jul 06, 2017 10:06 GMT Investing.com - The almost 2% fall in gold Monday confirmed fears that the metal’s trajectory is going to be bearish moving ahead. The decline also strengthened the view provided by the commodity’s technical chart that the precious metal could be heading for a correction back to the $1,180 area, the first trough seen in its recent uptrend. The sharp downturn and subsequent reversal points to an ABC wave forming in the coming weeks as the historical reversal Read the full story
Global gold prices steady as US policymakers split
on rate hike outlook
Livemint
Livemint
Bengaluru: Gold prices held steady on Thursday, after
hitting an eight-week low in the previous session, as the Federal Reserve
minutes released on Wednesday showed the central bank was split on how inflation
might affect the future pace of interest rate hikes. Read the full story
World’s top gold forecaster sees bulls heading for
heartbreak
Livemint
Livemint
New York/ Singapore: For top gold forecaster BNP Paribas
SA, bullion bulls are up against a clear and present danger—the US Federal
Reserve. Read the full
story
Global gold prices steady as US policymakers split
on rate hike outlook
Livemint
Bengaluru: Gold prices held steady on Thursday, after hitting an eight-week low in the previous session, as the Federal Reserve minutes released on Wednesday showed the central bank was split on how inflation might affect the future pace of interest rate hikes. Read the full story
Livemint
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BANKS /
BANKING
Almost 20 million people now banking on their
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Which?
Which?
Almost 20 million people did their banking business on
their mobile phone in 2016, up 11% the previous year, according to a new report
from the banking trade body. The British Bankers' Association (BBA) found that
people logged into their mobile banking app a staggering 4.9bn times, and there
were 932m transactions made by app.... Read the full story
SWIFT adds 22 global banks to its cross-border
blockchain project
International Business Times, UK Edition
The blockchain proof of concept is part of the SWIFT gpi service for cross-border payments. Read the full story
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The blockchain proof of concept is part of the SWIFT gpi service for cross-border payments. Read the full story
Deutsche Bank shares gain on report it is ditching
London for Frankfurt
The Local - Germany
The Local - Germany
Shares in Germany's biggest lender Deutsche Bank gained
in morning trading Thursday, after Bloomberg News reported it would move
investment banking activities from London to its Frankfurt headquarters in
response to Brexit. Read the full
story
Brexit Bulletin: Deutsche Heads for the
Door
Bloomberg
Banks are back in the Brexit spotlight. In a blow to the U.K., Deutsche Bank is preparing to move large parts of the trading and investment-banking assets it currently books in London to its hometown of Frankfurt, people familiar with the matter told Bloomberg. The headquarters of Deutsche Bank AG stand beyond illuminated office space at night in Frankfurt. Germany’s largest lender would relocate most of the business reported in London to a so-called booking center in Frankfurt under the plan, Read the full story
Bloomberg
Banks are back in the Brexit spotlight. In a blow to the U.K., Deutsche Bank is preparing to move large parts of the trading and investment-banking assets it currently books in London to its hometown of Frankfurt, people familiar with the matter told Bloomberg. The headquarters of Deutsche Bank AG stand beyond illuminated office space at night in Frankfurt. Germany’s largest lender would relocate most of the business reported in London to a so-called booking center in Frankfurt under the plan, Read the full story
G20 Report Raises Concerns Over Interbanking
DeclinePYMNTS.com
A report released this week by the Financial Stability
Board, an international body that makes recommendations on the financial system
for G20 nations, has raised concerns over the ongoing decline in interbank
relationships. Reports Wednesday (July 5) said the FSB released the results of a
survey that found banks across the globe are reducing the... Read the full story
TREASURIES/ BONDS/ STOCKS
Wall Street is boldly ignoring stock market
history
Business Insider
A trader ignores an animated colleague, much as Wall Street strategists are ignoring stock market history. If Wall Street strategists are to be believed, the US stock market has already peaked for the year. That doesn't match up with history, which says stocks should have plenty further to climb. With the S&P 500 surging by an impressive 8.1% in the first six months of 2017, the benchmark could be looking at a similarly strong second half, according to Strategas Research Partners. Since 1950, Read the full story
Business Insider
A trader ignores an animated colleague, much as Wall Street strategists are ignoring stock market history. If Wall Street strategists are to be believed, the US stock market has already peaked for the year. That doesn't match up with history, which says stocks should have plenty further to climb. With the S&P 500 surging by an impressive 8.1% in the first six months of 2017, the benchmark could be looking at a similarly strong second half, according to Strategas Research Partners. Since 1950, Read the full story
ETFs Dominate First Half Leaving Active With Work
To Do
Benzinga
As has been widely reported, exchange-traded funds are on breakneck asset-gathering pace to start 2017. With the first half of the year in the books, data indicate ETFs added almost $250 billion in new assets in the January through June period. To put that total in perspective, 2016 was a record year of asset gathering for ETFs with the annual total checking in at $287.5 billion. It appears that total will be easily surpassed this year with that moment possibly arriving in the current quarter. Read the full story
Benzinga
As has been widely reported, exchange-traded funds are on breakneck asset-gathering pace to start 2017. With the first half of the year in the books, data indicate ETFs added almost $250 billion in new assets in the January through June period. To put that total in perspective, 2016 was a record year of asset gathering for ETFs with the annual total checking in at $287.5 billion. It appears that total will be easily surpassed this year with that moment possibly arriving in the current quarter. Read the full story
Risks, Rewards With This EM Bond
ETF
Investopedia
Investopedia
Investors are compensated for risk with this emerging
markets bond ETF. Read the full
story
Why a surge in bond yields could be around the
corner
CNBC
Like Fed officials on interest rates, strategists are divided when it comes to the bond market’s direction. Read the full story
CNBC
Like Fed officials on interest rates, strategists are divided when it comes to the bond market’s direction. Read the full story
Market round-up: Goldilocks markets could end in
three ways, says Nomura
Livemint
Livemint
As the twin Energizer Bunnies known as the stock and
bond markets keep rolling on and shrugging off risk after risk, analysts are
sketching out what could trip them up. Kevin Gaynor, head of international
research at Nomura Holdings Inc. in London, is recommending that investors keep
an eye on three more prosaic dynamics for signs that markets will turn: A jump
in inflation rates that wasn’t driven by accelerating growth. A change in
central bank reaction functions, which is a wonky way to Read the full story
Global bond yields turn higher as sovereign debt
selloff resumes
MarketWatch
U.S. Treasury yields rose on Thursday, joining a global selloff in government paper, as investors took a cautious stance amid fears that central banks were on the verge of halting easy-money policies. Read the full story
MarketWatch
U.S. Treasury yields rose on Thursday, joining a global selloff in government paper, as investors took a cautious stance amid fears that central banks were on the verge of halting easy-money policies. Read the full story
Nasdaq futures fall 1%, with investors set to
weigh data, geopolitical worries
MarketWatch
U.S. stock futures fell Thursday, with the recent tech rally showing signs of faltering, as investors waited for a raft of economic data that might give a framework for the Federal Reserve’s thinking. Read the full story
MarketWatch
U.S. stock futures fell Thursday, with the recent tech rally showing signs of faltering, as investors waited for a raft of economic data that might give a framework for the Federal Reserve’s thinking. Read the full story
Market Live: Sensex, Nifty open higher, Lupin,
Tata Motors, Asian Paints major gainers
Livemint
Livemint
Mumbai: The BSE Sensex opens marginally higher against
the previous session’s closing. The broader NSE’s Nifty, too, rose in the
morning hours. The Indian rupee trades stronger against the US dollar. The
shares of Lupin, Tata Motors and Asian Paints rise, whereas the shares of Bajaj
Auto and NTPC fall. Here are the latest updates Read the full story
Asian markets adrift amid global
uncertainty
MarketWatch
Equity markets in Asia struggled for direction early Thursday after underwhelming overnight moves in Europe and the U.S., as investors adopted a collective wait-and-see attitude. Read the full story
MarketWatch
Equity markets in Asia struggled for direction early Thursday after underwhelming overnight moves in Europe and the U.S., as investors adopted a collective wait-and-see attitude. Read the full story
INSURANCE
Fed Gives AIG, Pru More Time to Submit ‘Living
Wills’
Insurance Journal
U.S. bank regulators disclosed on Wednesday how eight of the nation’s largest banks would wind themselves down in the face of collapse and gave American International Group Inc (AIG) and Prudential Financial Inc an extra year to submit their doomsday plans. The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) posted the public portions of “living wills” submitted by banks including Bank of America Corp., JPMorgan Chase & Co. and Goldman Sachs Group Inc. Introduced in the wake of Read the full story
Insurance Journal
U.S. bank regulators disclosed on Wednesday how eight of the nation’s largest banks would wind themselves down in the face of collapse and gave American International Group Inc (AIG) and Prudential Financial Inc an extra year to submit their doomsday plans. The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) posted the public portions of “living wills” submitted by banks including Bank of America Corp., JPMorgan Chase & Co. and Goldman Sachs Group Inc. Introduced in the wake of Read the full story
CURRENCIES
3 Factors That Drive the U.S.
Dollar
Investopedia
Investopedia
We look at three important factors that affect U.S.
dollar value, and how to determine when it's the right time to buy currency.
Read the full story
Forex - Dollar steady after Fed minutes, U.S. data
in focusInvesting.com
© Reuters. Dollar steady after Fed minutes, U.S. data in
focus Read the full story
Pound to euro exchange rate: Sterling SPIKES to
weekly highs amid Eurozone uncertainty
Express
POUND sterling has climbed to weekly highs against the euro amid fresh concerns over the European Central Bank’s policy measures. The exchange rate is this morning buying €1.142, the highest level seen since June 20. Sterling has been bolstered due to a flailing euro; affected by comments from the European Central Bank . Read the full story
Express
POUND sterling has climbed to weekly highs against the euro amid fresh concerns over the European Central Bank’s policy measures. The exchange rate is this morning buying €1.142, the highest level seen since June 20. Sterling has been bolstered due to a flailing euro; affected by comments from the European Central Bank . Read the full story
Pound v Canadian dollar: GBP rebounds from
two-and-a-half month low as oil prices
tumble
Express
THE pound rallied from a ten-week low against the Canadian dollar on Wednesday, gaining around half a cent as the currency was pressure by a drop in oil prices. GBP/CAD is currently at around C$1.673, up from the low of C$1.669 struck yesterday morning, although the pairing has slipped 0.9 per cent from the session’s starting levels. Crude prices plummeted by around 4 per cent on Wednesday, with U.S. West Texas Intermediate crude futures posting losses of $1.94 and ending yesterday’s session at Read the full story
Express
THE pound rallied from a ten-week low against the Canadian dollar on Wednesday, gaining around half a cent as the currency was pressure by a drop in oil prices. GBP/CAD is currently at around C$1.673, up from the low of C$1.669 struck yesterday morning, although the pairing has slipped 0.9 per cent from the session’s starting levels. Crude prices plummeted by around 4 per cent on Wednesday, with U.S. West Texas Intermediate crude futures posting losses of $1.94 and ending yesterday’s session at Read the full story
Australian Dollar Rises On Strong Trade
Data
RTTNews
The Australian dollar strengthened against other major currencies in the Asian session on Thursday, after data showed that Australia's trade balance rose more than expected in May. Read the full story
RTTNews
The Australian dollar strengthened against other major currencies in the Asian session on Thursday, after data showed that Australia's trade balance rose more than expected in May. Read the full story
NZ dollar edges lower ahead of G20
meeting
Scoop
Scoop
July 6 (BusinessDesk) - The New Zealand dollar dipped in
the local trading session ahead of the Group of 20 nations meeting this weekend,
as investors remain nervous about North Korea after this week's missile test.
Read the full story
Rupee opens marginally higher against US
dollar
Livemint
Mumbai: The Indian rupee on Thursday opened marginally higher against the US dollar in opening trade. Read the full story
Livemint
Mumbai: The Indian rupee on Thursday opened marginally higher against the US dollar in opening trade. Read the full story
USA
4 obvious signs the US economy is
stalling
Business Insider UK
Despite a surge in optimism after the election, nominal GDP growth in 2016 was just 2.95%. This makes 2016 the second-worst year on record since 1959. And with key economic indicators flashing warnings signs, it looks like the US economy is heading toward big trouble rather than revival. Here are four signs that paint the picture best. Credit Demand Is Contracting Across all the sectors of bank lending (business, consumer, and real estate), credit demand is falling. The chart below shows a sharp Read the full story
Business Insider UK
Despite a surge in optimism after the election, nominal GDP growth in 2016 was just 2.95%. This makes 2016 the second-worst year on record since 1959. And with key economic indicators flashing warnings signs, it looks like the US economy is heading toward big trouble rather than revival. Here are four signs that paint the picture best. Credit Demand Is Contracting Across all the sectors of bank lending (business, consumer, and real estate), credit demand is falling. The chart below shows a sharp Read the full story
'Support the EU instead of weakening it,' Polish
paper tells Trump
CNN
A prominent Polish newspaper has urged US President Donald Trump to "support the European Union instead of weakening it" in an editorial published to coincide with Trump's arrival in Poland. Read the full story
CNN
A prominent Polish newspaper has urged US President Donald Trump to "support the European Union instead of weakening it" in an editorial published to coincide with Trump's arrival in Poland. Read the full story
Job creation slows in June as labor market gets
tighter
CNBC
Job creation in the private sector tailed off significantly in June in another sign that the economy is getting closer to full employment. Read the full story
CNBC
Job creation in the private sector tailed off significantly in June in another sign that the economy is getting closer to full employment. Read the full story
EMERGING
MARKETS
BRAZIL: Oil Areas Auction Set To Draw Bids From Exxon,
Petronas And Gazprom
RTTNews
The increasing output and high productivity level of Brazil's pre-salt area oil blocks should help the government to lure investments from foreign companies in the next oil auctions scheduled to October. US' ExxonMobil, Malaysia's Petronas and Russia's Rosneft and Gazprom are expected to show up and bid for blocks under a production sharing regime, according to analysts. Read the full story
RTTNews
The increasing output and high productivity level of Brazil's pre-salt area oil blocks should help the government to lure investments from foreign companies in the next oil auctions scheduled to October. US' ExxonMobil, Malaysia's Petronas and Russia's Rosneft and Gazprom are expected to show up and bid for blocks under a production sharing regime, according to analysts. Read the full story
MIDDLE EAST
Why Israel's courting India's Prime Minister
Modi
CNN
UAE bourses likely to hold amid higher foreign
investments
Mubasher
CNN
Only a select few world leaders receive Israel's grand
reception at Ben Gurion International Airport: people like the President of the
United States, and the Pope. So it did not go unnoticed that India's Prime
Minister Narendra Modi received the same red carpet treatment. Read the full story
Mubasher
By: Mahmoud Gamal Dubai – Mubasher: The UAE exchanges
are expected to hold at their current levels on Thursday, amid increased
investments by foreign investors and some institutions, analysts told Mubasher.
Although the UAE stocks markets is … Read the full story
Oil prices, H2 results to affect GCC bourses in
July
Mubasher
By: Mahmoud Gamal Mubasher: The GCC stock markets will be pushed up by the rise of oil prices and the beginning of first-half financial announcements on Thursday, analysts told Mubasher. The markets saw calm trades in June, coinciding with the … Read the full story
Mubasher
By: Mahmoud Gamal Mubasher: The GCC stock markets will be pushed up by the rise of oil prices and the beginning of first-half financial announcements on Thursday, analysts told Mubasher. The markets saw calm trades in June, coinciding with the … Read the full story
AFRICA
UN urges African governments to ease travel to
boost economyPOST Online Media
The United Nations said in a new report that African governments should make it easier and safer for Africans to travel within the continent. "Tourism is a dynamic sector with phenomenal potential in Africa. Properly managed it can contribute immensely to diversification and inclusion for vulnerable communities," said Mukhisa Kituyi,... Read the full story
eNCA | ANC policy conference: deeper polarisation
and a stalemate for South AfricaeNCA.com
Policy conferences of South Africa's governing ANC have been about economic policy matters. But more recently organisational renewal has also dominated, as the party loses support. Read the full story
Policy conferences of South Africa's governing ANC have been about economic policy matters. But more recently organisational renewal has also dominated, as the party loses support. Read the full story
Bright future for Africa's IT
sector
CNN
Pierre Dandjinou, ICANN's VP of Africa, explains plans to boost Africa's growing internet presence Read the full story
CNN
Pierre Dandjinou, ICANN's VP of Africa, explains plans to boost Africa's growing internet presence Read the full story
ASIA
Evergreen recognized as best shipping line in
Asia-Africa
FOCUS Taiwan
Virgin Australia CEO John Borghetti: China is the
future for us
CNBC
Virgin Australia has made a play for the lucrative Chinese tourist market, adding new flights between Hong Kong and Down Under. Read the full story
FOCUS Taiwan
Taipei, July 6 (CNA) Evergreen Marine Corp. said on
Thursday it has been recognized by a shipping trade newspaper as the best
shipping line in the Asia-Africa region, stressing its investment of significant
resources to create more effective information systems and a reliable supply
chain for its clients. Read the full story
CNBC
Virgin Australia has made a play for the lucrative Chinese tourist market, adding new flights between Hong Kong and Down Under. Read the full story
Xi May Put Ball Back in Trump’s Court on Talks
With North Korea
Bloomberg
When Chinese President Xi Jinping sits down with Donald Trump in Hamburg this week, he’ll confront a growing rift on how to rein in North Korea. Xi’s solution might be to put the onus back on the U.S. The meeting on the sidelines of the Group of 20 summit comes amid the U.S. president’s growing displeasure at what he sees as a lack of Chinese pressure on its ally, especially after Kim Jong Un announced his first test of a missile capable of reaching Alaska. “So much for China working with us - Read the full story
Bloomberg
When Chinese President Xi Jinping sits down with Donald Trump in Hamburg this week, he’ll confront a growing rift on how to rein in North Korea. Xi’s solution might be to put the onus back on the U.S. The meeting on the sidelines of the Group of 20 summit comes amid the U.S. president’s growing displeasure at what he sees as a lack of Chinese pressure on its ally, especially after Kim Jong Un announced his first test of a missile capable of reaching Alaska. “So much for China working with us - Read the full story
EUROPE
Germany worried Trump may start trade war with
Europe
CNN Money
German foreign minister Sigmar Gabriel has warned that the U.S. and Europe might be heading for a trade war. Read the full story
CNN Money
German foreign minister Sigmar Gabriel has warned that the U.S. and Europe might be heading for a trade war. Read the full story
EU, Japan Leaders Hail Free-Trade Pact in Riposte
to Trump
Bloomberg
European Union and Japanese leaders endorsed a preliminary free-trade agreement as they seek to counter Donald Trump’s protectionist stance during his second trip to Europe as U.S. president. EU President Donald Tusk, European Commission chief Jean-Claude Juncker and Japanese Prime Minister Shinzo Abe gave their blessing to an accord that would eliminate 99 percent of tariffs between the two partners, expand markets for services and public procurement, and bolster regulatory cooperation. Tusk, Read the full story
Bloomberg
European Union and Japanese leaders endorsed a preliminary free-trade agreement as they seek to counter Donald Trump’s protectionist stance during his second trip to Europe as U.S. president. EU President Donald Tusk, European Commission chief Jean-Claude Juncker and Japanese Prime Minister Shinzo Abe gave their blessing to an accord that would eliminate 99 percent of tariffs between the two partners, expand markets for services and public procurement, and bolster regulatory cooperation. Tusk, Read the full story
EU Warns of Brexit Trade Frictions in Blow to
Softer U.K. Stance
Bloomberg
European Union Brexit negotiator Michel Barnier signaled that even a partial withdrawal from the bloc will have consequences on the U.K.’s ability to interact with the EU and that a “frictionless” trade relationship isn’t feasible. A month into formal talks over the split, Barnier used an address to an EU committee in Brussels to tell Britain that any type of breakup will carry costs, delivering a blow to members of Theresa May’s government who are distancing themselves from her initial hardline Read the full story
Bloomberg
European Union Brexit negotiator Michel Barnier signaled that even a partial withdrawal from the bloc will have consequences on the U.K.’s ability to interact with the EU and that a “frictionless” trade relationship isn’t feasible. A month into formal talks over the split, Barnier used an address to an EU committee in Brussels to tell Britain that any type of breakup will carry costs, delivering a blow to members of Theresa May’s government who are distancing themselves from her initial hardline Read the full story
Blessed and Highly Favored:
CBI Update:
Closed on Friday
Kauaihn Chatter:
7-6-2017
Intel/Newshound Guru tman23 ...The G20 is meeting
Friday and Saturday...After this meeting we can go up to the 15th...if
nothing transpires by the 15th or shows a move to educate citizens etc...or
remotely in that direction...Forget July...Hello 2018...NOT
GOOD!
7-6-2017 Newshound Guru Phillyman Articles: "Getting in Early is Key to Success in Iraq, Conference told" "Iraq Britain Business Council welcomes 7 New Members" ... I'm loving the potential of Iraq...If you have a pulse you have got to be excited about the future Iraq.
7-6-2017 Newshound Guru Phillyman Articles: "Getting in Early is Key to Success in Iraq, Conference told" "Iraq Britain Business Council welcomes 7 New Members" ... I'm loving the potential of Iraq...If you have a pulse you have got to be excited about the future Iraq.
7-6-2017 Newshound
Guru Adam Montana
Positive things going forward:
- Mosul, as I mentioned last week and the week prior, is basically reclaimed from ISIS.
- ISIS is no longer a key element. They are barely functioning, crippled, and whittled down to almost nothing.
- HCL should be addressed, officially, in a timely manner.
- We can be confident that the IMF and CBI are on good terms. CBI is acting like a real player, and the IMF is giving them an approving nod simply by not saying anything contradictory about them.
- Regarding oil PPB, and the recent agreement amongst the major OPEC members, Iraq is essentially exempt from the exportation restrictions. This gives Iraq a HUGE advantage when they are ready to "flip the switch"!
- Abadi is back in high-gear and on a mission - I love this stuff!
My list of Positives keeps going, but that's enough to make my point. We're heading in a good direction! [post 3 of 3]
7-6-2017 Newshound Guru Adam Montana Ramadamading-dong and Eid al Fitr have passed. The gears have begun turning again, and the RV-Train is chugging along again! Parliament is back in session, and although they haven't addressed the HCL yet (like they were supposedly going to do... :grrr:) - there is not one negative piece of information I can find about the potential for it to hit the table, possibly as soon as Sunday. I don't know that it will be Sunday, but it is possible. [post 2 of 3....stay tuned]
7-6-2017 Newshound Guru Adam Montana ...there is a website online that has been causing some rumors. It is published and hosted under an Iraqi domain that people have been wondering about. I've received confirmation that this is not a "pointer" to anything RV related. It may have been commissioned by the CBI as a future official CBI website, but the rates that are being displayed are not an actual indicator of a future rate. The only thing that is important to know about the website is that they have included the ability to quickly change the conversion ratio. This does not mean that the rate they put on the site right now is the rate they are going to implement... it's just an arbitrary number. So if you go to that site and you see "$1", don't get fired up about that. It's only a couple mouse-clicks to change it to $3, $0.10, or any other number. Now, the good news. [post 1 of 3....stay tuned]
7-6-2017 Newshound Guru Peggy68 This is all in my opinion, the provided information provided is my interpretation from current events, articles, and global websites: July 6: IRAQ will Announce Liberation & the International Rate in country. The Federal Reserve will initiate the Iraq International Rate along with Egypt as listed on the Federal Reserve Calendar. July 9: CBI will show the Iraq International Rate. July 10: FOREX will list the IQD International Rate.
7-6-2017 Newshound Guru Aggiedad77 Article: "Economists: Iraq gives him reserves the right to increase its share of oil in world markets" Quote: "the Iraqi oil reserves estimated at more than 500 billion barrels," calling the organization to OPEC countries or non-organization has to "consider positively to this right" Now we are finally talking some oil reserves that carry a punch...I have long suspected that the oil reserves that Iraq claimed were far under reported...their sands are full of it...They have areas that have yet to be seismically tested for oil...500 BILLION Barrels of reserves is more realistic I believe...move over Saudi there is a new king of the oil heap in town...oh buddy talk about taking care of the future for many years to come...along with all the other riches they sit upon as well...Fat rich and soon to be happy IMO.
7-6-2017 Intel Guru Delta The announcement from Alak...has a requirement that has to happen before August. Seminars / conferences they have had...and none have been successful until they lift the value of their currency (internationally). IMO...I think JULY should be the month. August will be a problem with the IMF. Based on the IMF website...the IMF will not meet with them unless they obey the currency reform parameters. They must raise the value. In my opinion – in July.
7-6-2017 Intel Guru Frank26 1 to 1 IN COUNTRY...IMO what is happening in Iraq RIGHT NOW with their currency. [“so if they are 1 to 1 – why can’t we see it internationally yet?”] Because it’s a monetary reform process. The MR requires some steps and I believe these steps have been accomplished! On Monday...my friend (with 500 employees in Iraq) was going to start to pay his employees at a rate of 1 to 1. Understand, he had 3 weeks to do that. Today is the 5th. The last week of the 3 weeks doesn’t mean anything to me because everything should have been done by then. So...where will IRAQ’S financial people be next week? Where will the IMF and the CBI be? They will meet in Washington, DC. The 1st week of the 3 weeks...to take it to 1 to 1...that week is gone. Week #2...THAT IS WHAT WE ARE LOOKING FOR...time frame 10th to the 15th of July. On Monday...if you want to see the PROOF...costs of goods and services will change. The citizens are excited – they’re not concerned about the monetary reform. They have been educated. IMO...WE REALLY ARE AT THE END OF THIS LONG PROCESS!
- Mosul, as I mentioned last week and the week prior, is basically reclaimed from ISIS.
- ISIS is no longer a key element. They are barely functioning, crippled, and whittled down to almost nothing.
- HCL should be addressed, officially, in a timely manner.
- We can be confident that the IMF and CBI are on good terms. CBI is acting like a real player, and the IMF is giving them an approving nod simply by not saying anything contradictory about them.
- Regarding oil PPB, and the recent agreement amongst the major OPEC members, Iraq is essentially exempt from the exportation restrictions. This gives Iraq a HUGE advantage when they are ready to "flip the switch"!
- Abadi is back in high-gear and on a mission - I love this stuff!
My list of Positives keeps going, but that's enough to make my point. We're heading in a good direction! [post 3 of 3]
7-6-2017 Newshound Guru Adam Montana Ramadamading-dong and Eid al Fitr have passed. The gears have begun turning again, and the RV-Train is chugging along again! Parliament is back in session, and although they haven't addressed the HCL yet (like they were supposedly going to do... :grrr:) - there is not one negative piece of information I can find about the potential for it to hit the table, possibly as soon as Sunday. I don't know that it will be Sunday, but it is possible. [post 2 of 3....stay tuned]
7-6-2017 Newshound Guru Adam Montana ...there is a website online that has been causing some rumors. It is published and hosted under an Iraqi domain that people have been wondering about. I've received confirmation that this is not a "pointer" to anything RV related. It may have been commissioned by the CBI as a future official CBI website, but the rates that are being displayed are not an actual indicator of a future rate. The only thing that is important to know about the website is that they have included the ability to quickly change the conversion ratio. This does not mean that the rate they put on the site right now is the rate they are going to implement... it's just an arbitrary number. So if you go to that site and you see "$1", don't get fired up about that. It's only a couple mouse-clicks to change it to $3, $0.10, or any other number. Now, the good news. [post 1 of 3....stay tuned]
7-6-2017 Newshound Guru Peggy68 This is all in my opinion, the provided information provided is my interpretation from current events, articles, and global websites: July 6: IRAQ will Announce Liberation & the International Rate in country. The Federal Reserve will initiate the Iraq International Rate along with Egypt as listed on the Federal Reserve Calendar. July 9: CBI will show the Iraq International Rate. July 10: FOREX will list the IQD International Rate.
7-6-2017 Newshound Guru Aggiedad77 Article: "Economists: Iraq gives him reserves the right to increase its share of oil in world markets" Quote: "the Iraqi oil reserves estimated at more than 500 billion barrels," calling the organization to OPEC countries or non-organization has to "consider positively to this right" Now we are finally talking some oil reserves that carry a punch...I have long suspected that the oil reserves that Iraq claimed were far under reported...their sands are full of it...They have areas that have yet to be seismically tested for oil...500 BILLION Barrels of reserves is more realistic I believe...move over Saudi there is a new king of the oil heap in town...oh buddy talk about taking care of the future for many years to come...along with all the other riches they sit upon as well...Fat rich and soon to be happy IMO.
7-6-2017 Intel Guru Delta The announcement from Alak...has a requirement that has to happen before August. Seminars / conferences they have had...and none have been successful until they lift the value of their currency (internationally). IMO...I think JULY should be the month. August will be a problem with the IMF. Based on the IMF website...the IMF will not meet with them unless they obey the currency reform parameters. They must raise the value. In my opinion – in July.
7-6-2017 Intel Guru Frank26 1 to 1 IN COUNTRY...IMO what is happening in Iraq RIGHT NOW with their currency. [“so if they are 1 to 1 – why can’t we see it internationally yet?”] Because it’s a monetary reform process. The MR requires some steps and I believe these steps have been accomplished! On Monday...my friend (with 500 employees in Iraq) was going to start to pay his employees at a rate of 1 to 1. Understand, he had 3 weeks to do that. Today is the 5th. The last week of the 3 weeks doesn’t mean anything to me because everything should have been done by then. So...where will IRAQ’S financial people be next week? Where will the IMF and the CBI be? They will meet in Washington, DC. The 1st week of the 3 weeks...to take it to 1 to 1...that week is gone. Week #2...THAT IS WHAT WE ARE LOOKING FOR...time frame 10th to the 15th of July. On Monday...if you want to see the PROOF...costs of goods and services will change. The citizens are excited – they’re not concerned about the monetary reform. They have been educated. IMO...WE REALLY ARE AT THE END OF THIS LONG PROCESS!
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)
Declaration
6 July 2017
We affirm our steadfast and constitutional position to respect the separation of powers and non-interference in judicial matters. We categorically deny all that is required to allow wanted persons to attend conferences scheduled to be held in Baghdad.
Prime Minister 's Media Office
6 July 2017
We affirm our steadfast and constitutional position to respect the separation of powers and non-interference in judicial matters. We categorically deny all that is required to allow wanted persons to attend conferences scheduled to be held in Baghdad.
Prime Minister 's Media Office
6 July 2017
*************
ARTICLE 2
Hakim and Jabouri discuss the start of reconciliation and reconciliation
2017/7/6 22:48
[Ayna-Baghdad]
The head of the National Alliance, Ammar al-Hakim, discussed with Parliament Speaker Salim al-Jubouri Thursday evening developments in the security and political situation in the country and the region.
The head of the National Alliance, Ammar al-Hakim, discussed with Parliament Speaker Salim al-Jubouri Thursday evening developments in the security and political situation in the country and the region.
"We must
strengthen the concept of partnership and achieve national consensus on
important issues, as the people are waiting for the political elite to take the
initiative and work hard to meet the challenges." He stressed the importance of
intensifying dialogues between the political blocs on many Of the important
files, especially after the stage of urging and convey the spirit of reassurance
to the citizen and the involvement of all components in the Iraqi
decision.
"The time has come to initiate the project of community reconciliation as the best solution to restore security and stability in the country, especially in areas under the control of terrorism," he said.
"After all the great victories achieved by the security forces in the battle of Mosul against terrorism, we have the duty to think and plan for the next phase and to prepare for its national benefits and rehabilitation of the affected areas to reintegrate into life," he said.
"The two sides discussed developments in the security and political situation in Iraq and in the region and the announcement of the final victory over the terrorist in Mosul and the launching of the national reconciliation project," the statement said.
Al-Hakim reiterated the need for Iraq to develop developmental, social and economic solutions. He also called on the House of Representatives to pass important and direct laws with the Iraqi citizen as well as laws that affect the structure of the state and complete construction. Laws ".
"The time has come to initiate the project of community reconciliation as the best solution to restore security and stability in the country, especially in areas under the control of terrorism," he said.
"After all the great victories achieved by the security forces in the battle of Mosul against terrorism, we have the duty to think and plan for the next phase and to prepare for its national benefits and rehabilitation of the affected areas to reintegrate into life," he said.
"The two sides discussed developments in the security and political situation in Iraq and in the region and the announcement of the final victory over the terrorist in Mosul and the launching of the national reconciliation project," the statement said.
Al-Hakim reiterated the need for Iraq to develop developmental, social and economic solutions. He also called on the House of Representatives to pass important and direct laws with the Iraqi citizen as well as laws that affect the structure of the state and complete construction. Laws ".
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ARTICLE 3
The Minister of Transport orders the establishment of an office to provide employment opportunities from different governorates
2017/7/7 11:30
[Ayna-Baghdad]
Minister of Transport Kazem Fanjan instructed Friday the establishment of the Basra Office of Operational Opportunities, which will provide thousands of operational opportunities for the unemployed from different governorates in the transport departments in the province of Basra.
Minister of Transport Kazem Fanjan instructed Friday the establishment of the Basra Office of Operational Opportunities, which will provide thousands of operational opportunities for the unemployed from different governorates in the transport departments in the province of Basra.
"The job opportunities will be in
partnership with the private maritime sector," a ministry statement said. "An
e-mail will be identified for this office so that the unemployed can apply
transparently and fairly."
The Minister of Transport also "will organize the website and the database and the classification of professional and professional specialties of its own.
The Minister of Transport also "will organize the website and the database and the classification of professional and professional specialties of its own.
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ARTICLE 4
The federal police infiltrate Najafi in the old Mosul
2017/7/6 18:55
[Ayna-Baghdad]
Troops of the 3rd Division of the Federal Police penetrated 100 meters in the Najafi area and approached the mosque of Sheikh Abu Ala in the old city of Ayman Mosul.
Troops of the 3rd Division of the Federal Police penetrated 100 meters in the Najafi area and approached the mosque of Sheikh Abu Ala in the old city of Ayman Mosul.
"The units of commandos and rapid
response penetrated 70 meters deep in the Najafi area in the direction of Khaled
Bin Al Waleed Street," police chief Major Raed Jawdat said in a
statement.
The federal police forces launched an offensive today to storm the Najafi area in the old city of Mosul.
The federal police forces launched an offensive today to storm the Najafi area in the old city of Mosul.
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ARTICLE 5-A
URGENT Military intelligence: Mosul battle in recent meters
2017/7/7 9:28
[Ayna-Baghdad]
The Military Information Cell in the Joint Operations Command announced the final position of the liberation battle of the right side west of Mosul. "The pieces are still progressing and they are in the final battle," she said in a statement. "There is still fighting with a supporter," she said.
The Military Information Cell in the Joint Operations Command announced the final position of the liberation battle of the right side west of Mosul. "The pieces are still progressing and they are in the final battle," she said in a statement. "There is still fighting with a supporter," she said.
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ARTICLE 5-B
URGENT Supreme Council calls on fighters to stand up and accelerate victory
2017/7/7
12:56
(Karbala: Euphrates News) The supreme religious
authority, the fighters in the war against gangs, calling the terrorist in the
last Okha in the city of Mosul, to stability and accelerate victory ..
Follow
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ARTICLE 5-C
International coalition: next week there will be no urging in Mosul
Friday, July 07 2017 at 09:53 am
The US-led International Alliance said
that "a preacher's organization is about to be defeated from its former
stronghold in Mosul, stressing that the total defeat of the
militants from the city will be by next week.
"These forces pushed a small pocket
into the old city of Mosul at the Tigris River," said General Dave Anderson, who
oversees the training of Iraqi forces, in a video call from Baghdad on July 6,
2017. France Press agency.
"Iraqi forces can
be seen at the Tigris River from the west, and they are facing an enemy
in its final stages," he said.
Asked about the number of people who
had called on the rest in Mosul, the general said he did not know, but said he
"no doubt" that none of them would be there next week.
Anderson said the coalition had begun
handing over aid to the Iraqi police to be able to intensify its presence in
Mosul and deploy in the city after the preparations.
He said the aid included everything a
police unit could need from uniforms to communications equipment, weapons,
check-in equipment and quartet vehicles.
Iraqi forces continue to tighten their
grip on gunmen who have caused heavy casualties in the city of Mosul, Iraq's
biggest stronghold. The city is expected to be fully
restored next week.
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ARTICLE 6
Iraqi artist records IS brutality in secret
240
paintings and drawings which Mustafa al-Tha’i composed while his hometown was
under IS rule are exhibition of horror.
MOSUL – Mustafa al-Tha’i worked in secret at night, using his brushes and
pencils to record the violence he saw during the day under the Islamic State
group’s brutal reign in Iraq.
The bloodied body of a man suspended by a foot, another lying in a pool
of blood with his severed head on his back, a woman with her face burned by acid
— these are just some of the scenes captured by Tha’i.
The 240 paintings and drawings — which Tha’i composed from the time IS
seized his hometown of Hammam al-Alil, south of Mosul, in 2014 until Iraqi
forces recaptured it in late 2016 — are an exhibition of horror.
“IS is the enemy of the arts, the enemy of life, so I told myself that
whenever I saw one of their crimes or something they did, I would relate it,” he
said.
“There were no journalists and they did not allow photographs, so I
recorded the image in my head and at night at home, I painted,” said the
58-year-old, an oven and boiler repairman by trade who has been “addicted” to
drawing since childhood.
“The army is fighting against (IS) with weapons. Me, it’s with my brush,
my colours, my drawings, my paintings,” Tha’i said as he sat cross-legged in his
living room, drawing board in his lap.
At a time when art was banned by the jihadists — who view depictions of
people as contrary to Islam — and drawing materials could not be found, Tha’i
drew from his old stocks of paints, papers and pencils to “resist.”
The pieces are simple and colourful, and each one tells a story. “This
child is a Christian,” he explained, pointing to a portrait of a weeping girl.
“They took her when she was 12 years old. She was married to one of them, who
left her to another, who married her” — something that happened “four or five
times,” Tha’i said. – ‘It is my addiction’ – “I met her when I was in the
hospital. She was crying. She had bruises on her face, wounds on the hands and
body. I took a sheet of my medical record. I drew on it.”
Another sketch depicts a man tied to a pole handcuffed and blindfolded.
Tha’i said the man was captured after firing at the jihadists. “They tied him to
an electric pole and they executed him after torturing him.”
Tha’i did not keep his works at home, instead leaving them with a friend
who hid them behind the back seat of his car.
But he believes he was denounced to IS, especially when he made sketches
at work during the day.
IS “came to my house several times, they found nothing,” he
said.
The religious police came one night: “They told me they wanted my
paintings and calligraphies. They took me away to the desert.” The jihadists
lashed him and tied his legs to a car and dragged him behind it.
“I was reciting the Koran in a loud voice… Then, they tied my hands and
my feet, brought me back and threw me in front of my house. I was found the next
morning,” he said.
Tha’i said he was detained for a total of 45 days because of his
artworks, and twice sentenced to the lash. But each time, the grandfather of
seven kept drawing.
“I cannot give up drawing. It is my addiction, it calms me. I don’t smoke
— I draw,” Tha’i said. During one stint in jail, he broke open a battery and
used its contents to draw on a wall. A guard made him erase it by licking it
off.
Today, he keeps his artwork in boxes as testimony to what he saw, and
paints “what I have in front of me, what I find beautiful.”
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ARTICLE 7
Launch of the "Child Protection Policy in Iraq" in cooperation with UNICEF
BAGHDAD, July 6 (KUNA) - Minister of
Labor and Social Affairs Mohammed Chaia al-Sudani announced on Thursday the
launch of a child protection policy document in Iraq during a conference held in
cooperation with the United Nations Children's Fund (UNICEF) Parliamentary work
and a number of advanced staff in the ministry and civil society
organizations.
"The launch of
this document is a complement to the victories
achieved by our brave army and our security forces and the popular mobilization of the gangs of terrorist groups in
Mosul to complete the liberation of the rest of the cities," al-Sudani said in a
speech at the conference. Today is of great importance and constitutes the
cornerstone of the revival of societies and the lifting of fragile and
vulnerable groups in light of the crises that plague countries in the midst of
economic and social transformations. "
"The child
protection policy is one of those policies that represent a response to the
characterization of the vision of the state towards a
safe childhood that enjoys its rights without discrimination," he said. "The Child Welfare Authority has adopted and assumed
this task and worked in cooperation and coordination with its main partner, The
United Nations Children's Fund (UNICEF) to prepare the policy document out of
the need to provide protection for children and
ensure their rights and reduce the effects of the tragic situation experienced
by the country during the past decades.
"This document reflects the
responsibility of the Iraqi government towards its children and its commitment
to uphold its international responsibilities and its obligations under
international human rights law," he said. "This is a development necessity that
will contribute to the generation of a generation capable of carrying out its
future responsibilities." . AH
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