One of the major articles from today
URGENT Iraq announces recovery of its assets held by the United Nations under the oil-for-food program and medicines
(Baghdad: Al-Furat News) Iraq announced the return of its assets held by the United Nations under the oil-for-food program and medicine.
The official spokesman of the Ministry of Foreign Affairs Ahmed Jamal in a press statement received by the agency {Euphrates News} copy of it today that "the Iraqi money seized by the United Nations under the oil program for food and medicine worth 131 million dollars in addition to the benefits for six years after The Iraqi Ministry of Foreign Affairs was authorized by the Council of Ministers and with the support of the Prime Minister and a contribution from the General Secretariat of the Council of Ministers to negotiate the latest commitments related to this program through two rounds of negotiations with the UN Secretariat regarding the completion of Iraq's obligations related to his departure from Iraq Of Chapter VII. "
"It is expected by the end of this year to end all the burdens of the decisions of Chapter VII borne by Iraq because of the acts committed by the former regime of policies and follies that tied Iraq's money and led to the detention of international organizations.
"It is expected by the end of this year to end all the burdens of the decisions of Chapter VII borne by Iraq because of the acts committed by the former regime of policies and follies that tied Iraq's money and led to the detention of international organizations.
Word on the Street Thursday 8/3/17:
TNT CONFERENCE CALL WEDNESDAY 8/2/17 DC NY CALL RECAP:
Good afternoon TNT Superfantastic Family. Today is When am I going to see it Hump Day. We are going to talk about a few things and what is going on. What were we expecting. Well the big thing was the meeting with the IMF yesterday and folks wanted to know the outcome of that, and what other things should we get caught up on. I have one interesting bank story. The bankers have been pretty much quiet as far as the bankers I talk too. However, we have members that talk to different bank people. We had one member who was excited and called to tell me that his bank was telling him Thursday Friday this week, because one of the currencies did a fluctuation last week. He went back home to get his currency and the rate dropped back down so he called yesteday and the bank person said dont come in just yet, because Thursday Friday we should be rolling. I would not be surprised it others are receiving that from some of the bank people that they are talking to and with good reason. . That takes us to other info that we noticed an Ebay type of site over in Iraq where items are being sold as low as 10 IQD. I would think that this type of Ebay site the lowest we would see is 1100 dinar not 10 dinar. What could that be about. Lets get to the IMF info since that is juicy info. We are actually getting some cross reporting.Articles that are coming out and citizens telling us over there what is on the TV. We have seen some articles referencing the meeting with IMF and Iraq was favorable and positive to say the least. There was one article that indicated no Trophy yet for Iraq. On the TV, is that IMF says Iraq did not meet the requirements of eliminating the dual currency and revaluing the rate. That is what the citizens are getting. from the TV. The articles coming out here say quite the contrary. I guess the best article out there is right on the IMF site itself that references a positive report saying OK for the international acceptance. They approved a disbursement after the review of the Stand By Agreement. That disbursement was 800 trillion dollars that they were waiting to receive. In addition to that, there is possibly of a press conference today and not sure when it is. Reports came out that the salaries were moved from last week from this week to next week or could this be the next week. August 6th and 7th are the target dates for the military pay and August 8-9 for the civilian retirees. Here is the clincher, and it is supposed to be at a one to one in country rate. Then we information coming from a couple of sources, that they are claiming as of yesterday that the rate in country is 1 to 1. We had some nuances of that prior to yesterday, but it seemed to be more prevalent reports coming from other sources. We are just cross referencing.I think that most that have info will come to the conclusion that 1 to 1 is in effect over there in country in Iraq. That remains to be seen by way of the CBI posting any rate changes which would probably be international in that regard. With the IMF approval, it seems like international acceptance is in effect, so we may see some changes here quickly not so much in the coming days, but probably sooner than that. However we do feel we are in the window based on the info that has been given. Q and A: Q: What are your sources saying as to whether or not there is something else that needs to be completed before the raising of the value of the currency? Ray: The opening statement pretty much covered that. They aren't saying anything else needs to be done and if the one to one is truly in effect over there, we are in the last stages and just waiting for that last piece to pop up. Q: Do you think we are a go for this week? Ray: Yes. Q: What are the chances of us exchanging in 2018? Ray: Pretty good and I am focusing on getting it done in 2017. Q: Here is a short exerp from the IMF meeting that the IMF had with Iraq recently. This is an exerp from the IMF Executive Board completes the second review of Iraq's Standby arrangement and the 2017 article for Consultation dated August 1st. The authories are maintaining the peg of the Iraqi Dinar to the USD which provides a key anchor to the economy. Could this mean one to one based on being pegged to the USD? Ray: I would have to say YES because they are saying it is one to one as of yesterday beyond a shadow of a doubt. That is their assertion. Callers: Caller: 423 I had a friend that came over that is connected and said do you want to hear facts. Her son is in Iraq hooking up the electrical power. She said that the IMF meeting was important. Everything was going to be accomplished there if they have their way in a certain amount days this is going to happen Sunday Monday and that is a fact. She saidthe rates would be $4.00 for 60 days and come back down again. Ray: Thank you. Caller: Is Kurdistan seperating from Iraq? Ray: I don't keep up with politics. Caller: What is happening with Sterling? Ray: You can't do anything with them now. Caller: What do you mean it was approved for International Disbursement? Ray: The Loan I said from the report they are OK for international acceptance. The meeting was to see if Iraq was up to par to approve the release of the money. Caller: I have some political contacts are saying what the IMF put out is the real deal. What I am being told is that it is close. There are circumstances going on with Abadi and the Supreme Court, however this is coming. This is the process. Ray: Thank you. Ray's Wrapup: Based on the information and everything coming exactly as being reported, this is a very exciting time. I am excited because this is good stuff and because we don't know what should happen next. We know it is going to happen but we just don't know exactly when. There are groups circulating info to you about getting into a group going to Reno and that is the only way to exchange. These people, you need to ask them to give you the factual data that supports what they are saying. We know there are a number of banks to exchange us, and we are just waiting for the rates to change. We can give you factual data that we have 54 banks that will exchange. To go to Reno, who does that make sense to? I like the information that I receive. It was little tricky getting articles and hearing the TV saying such and such. The IMF website will be true to form. They met the IMF Standby agreements. As far as the IMF everything is ok. Now lets sit back and see what happens next. We are in a good place and while there is still time, investigate the self directed Roth IRA. We await further info and hope more will come to me through out the day, and I will bring you up to date on where we are on this ride which I do believe will come to a stop pretty soon. Some will get off, and some will get on. We know the Best is yet to come! I Believe! Rayren98
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,141.6000 | 1,139.9000 | 1,139.9000 | | 07:17 |
| USD/VND | | | 22,395.0000 | 22,355.0000 | 22,355.0000 | | 07:17 |
| USD/CNY | | | 6.7317 | 6.7093 | 6.7223 | | 07:19 |
| USD/KWD | | | 0.3013 | 0.3013 | 0.3013 | | 02:34 |
| GBP/USD | | | 1.3259 | 1.3159 | 1.3226 | | 07:20 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,334.0000 | 13,317.0000 | 13,317.0000 | | 06:50 |
CNBC Link:
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DC NY Iraq Articles:
The Minister of Education Mohammad Iqbal al-Sidli said on Wednesday that Undersecretary of Education Radwan Hakimzadeh and his accompanying delegation should discuss the bilateral relations between the two countries in the field of education and create the atmosphere for signing the memorandum of understanding between Iraq and Iran.
"The two countries should enhance bilateral trust, develop teaching staff and supervisors, and exchange experiences in the field of vocational education, scientific laboratories and joint exhibitions between the two countries in scientific and technical fields," the pharmacist said in a statement.
He added that "the importance of strengthening the relationship between the two neighboring countries, and joint cooperation to upgrade the educational file, and support Iraq in this area."
URGENT International Monetary Fund: Success of Iraq's Credit Preparedness Consultations
Date of release: 2017/8/2 13:19 • 338 times read
The International Monetary Fund (IMF) announced the success of the second review consultations on the credit readiness agreement, congratulating and congratulating the role of the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office in the success of the consultations.
"In a letter sent by the International Monetary Fund, congratulated the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultation on the Credit Standby Agreement, which came after Implement the programs and financial and monetary targets and put them in a framework that provides for the financial stability of Iraq and meet the financial and security challenges. "
He pointed out that "the program includes a set of reforms and goals have been committed to the benefit of Iraq, the latest budget supplemented by the House of Representatives in record time, which showed the keenness of the legislative and executive authorities on the plan and programs of reform.
Jabbar pointed out that "the decision of the Board of the International Monetary Fund to ratify the report of the Fund team, which included the fulfillment of the Central Bank and the Ministry of Finance and other parties to achieve the objectives and plans contained in the agreement will give an important signal waiting for international institutions and major countries to provide funding and facilities to support the financial situation in Iraq through support Financing the general budget of the state and various projects as well as pave the statement of the International Monetary Fund to the third audit, which will begin in September next to continue the program and the implications of Iraq's external support. "
He pointed out that "the program includes a set of reforms and goals have been committed to the benefit of Iraq, the latest budget supplemented by the House of Representatives in record time, which showed the keenness of the legislative and executive authorities on the plan and programs of reform.
Jabbar pointed out that "the decision of the Board of the International Monetary Fund to ratify the report of the Fund team, which included the fulfillment of the Central Bank and the Ministry of Finance and other parties to achieve the objectives and plans contained in the agreement will give an important signal waiting for international institutions and major countries to provide funding and facilities to support the financial situation in Iraq through support Financing the general budget of the state and various projects as well as pave the statement of the International Monetary Fund to the third audit, which will begin in September next to continue the program and the implications of Iraq's external support. "
The Federal Court will hear tomorrow the experts' report on the budget appeal
Release Date: 2017/8/2 11:22 • 68 times read
(Baghdad: Al Furat News) The Federal Supreme Court announced its agenda for the meeting on Thursday, and includes the consideration of five constitutional cases in the forefront of the appeal of {23} Article of the federal budget for the current year 2017.
A statement issued by the Information Office of the Federal Supreme Court received the agency {Euphrates News} a copy of it, "The Court will hold its meeting tomorrow to consider the cases on its agenda."
He pointed out that "the first lawsuit of the court is to consider the appeal of {23} Article of the Federal Budget Law, which was established by the Prime Minister in addition to his job," noting that "the previous meeting has seen the election of five experts and experts to prepare a report containing technical aspects of the subject of appeal "He said.
He pointed out that "the court will consider the appeal against the constitutionality of the Revolution Command Council Resolution No. 120 of 1994, and the subject of not releasing the convict for the crime of damage to state funds unless the money is recovered from it," adding that "the Court will also consider the request to rule unconstitutional protocol (4) of the year for violating the provisions of the Constitution of the Republic of Iraq in Articles {1} and {47} thereof, which was established by the Speaker of the House of Representatives / in addition to his function to the Prime Minister / in addition to his job.
The statement pointed out that "another lawsuit on the agenda was set up by a member of the Board of Governors of the former request for the provision of invalidity of item {II / 1 - 2 - 3} of Resolution {333/2015] and the restoration of pension rights to him.
The statement added that "the court will also consider the case of former MP Mohammed al-Tai to request the decision to cancel the decision of the House of Representatives adopted at the meeting {37} held on 25/5/2017, and return to the membership of the House of Representatives."
The Federal Supreme Court elected at its last session on July 27 last five new experts to submit a technical report in the appeal against some articles of the General Budget Law for the current year.
The Federal Court at its meeting tomorrow will ask questions to the experts regarding the statement that the House of Representatives on the budget bill of 2017 submitted by the government of transfers between the doors or chapters or the amendment of the amounts of some of its articles or the addition of new materials and amounts did not exist in the government project, Variables have added new financial burdens phenomenon or not visible, but will appear when the implementation of the budget items.
The court will also ask the experts whether the revised budget approved by the House of Representatives last week includes what intersects or affects objections to unconstitutionality, and what is it? The statement of experience is required by any transfer, modification or addition, and the subject of the appeal is a plaintiff in addition to his function in the case. "
He pointed out that "the first lawsuit of the court is to consider the appeal of {23} Article of the Federal Budget Law, which was established by the Prime Minister in addition to his job," noting that "the previous meeting has seen the election of five experts and experts to prepare a report containing technical aspects of the subject of appeal "He said.
He pointed out that "the court will consider the appeal against the constitutionality of the Revolution Command Council Resolution No. 120 of 1994, and the subject of not releasing the convict for the crime of damage to state funds unless the money is recovered from it," adding that "the Court will also consider the request to rule unconstitutional protocol (4) of the year for violating the provisions of the Constitution of the Republic of Iraq in Articles {1} and {47} thereof, which was established by the Speaker of the House of Representatives / in addition to his function to the Prime Minister / in addition to his job.
The statement pointed out that "another lawsuit on the agenda was set up by a member of the Board of Governors of the former request for the provision of invalidity of item {II / 1 - 2 - 3} of Resolution {333/2015] and the restoration of pension rights to him.
The statement added that "the court will also consider the case of former MP Mohammed al-Tai to request the decision to cancel the decision of the House of Representatives adopted at the meeting {37} held on 25/5/2017, and return to the membership of the House of Representatives."
The Federal Supreme Court elected at its last session on July 27 last five new experts to submit a technical report in the appeal against some articles of the General Budget Law for the current year.
The Federal Court at its meeting tomorrow will ask questions to the experts regarding the statement that the House of Representatives on the budget bill of 2017 submitted by the government of transfers between the doors or chapters or the amendment of the amounts of some of its articles or the addition of new materials and amounts did not exist in the government project, Variables have added new financial burdens phenomenon or not visible, but will appear when the implementation of the budget items.
The court will also ask the experts whether the revised budget approved by the House of Representatives last week includes what intersects or affects objections to unconstitutionality, and what is it? The statement of experience is required by any transfer, modification or addition, and the subject of the appeal is a plaintiff in addition to his function in the case. "
Imprisoned and fined hundreds of millions of employees in Samarra
Release date: 2017/8/2 13:02 • 19 times read
(Baghdad: Al Furat News) Two employees in the real estate registration notice in the city of Samarra in Salah ad Din province, a harsh punishment.
A statement by the Ministry of Justice received a copy of the Ministry of Justice Inspector General of the Ministry Hassan Hamoud al-Ukaili as saying that "the Criminal Court on the issues of integrity issued a ruling on two employees in the real estate registration in Samarra to four years imprisonment and oblige them to refund the amount of more than 491 million dinars, Manipulation of two real estate. "
"The court issued two different verdicts on the convicted, the first includes a severe prison for two years and oblige them to refund the amount of 227 million and 441 thousand and 578 thousand dinars after the defendants rigged the area of a property from 172 meters to 275 meters."
He pointed out that "one of the accused took the record out of his circle for the purpose of manipulating the area of the property, while the other to detect the property and confirm the counterfeit area, increasing the value of the property and acquisition allowance."
The Inspector-General pointed out that "the accused also falsified the area of another property and the same purpose from 129 meters to 299 meters, the court issued a decision of severe imprisonment for two years each, forcing them to refund the damage amount of 264 million and 500 thousand dinars."
"The decision of the court confirmed the implementation of the penalties in succession and not to be released after the expiration of the period of the sentence, but after the refund of the amount of damage amounted to a total of 491 million 941 thousand and 578 dinars, while the total duration of imprisonment four years each.
"The court issued two different verdicts on the convicted, the first includes a severe prison for two years and oblige them to refund the amount of 227 million and 441 thousand and 578 thousand dinars after the defendants rigged the area of a property from 172 meters to 275 meters."
He pointed out that "one of the accused took the record out of his circle for the purpose of manipulating the area of the property, while the other to detect the property and confirm the counterfeit area, increasing the value of the property and acquisition allowance."
The Inspector-General pointed out that "the accused also falsified the area of another property and the same purpose from 129 meters to 299 meters, the court issued a decision of severe imprisonment for two years each, forcing them to refund the damage amount of 264 million and 500 thousand dinars."
"The decision of the court confirmed the implementation of the penalties in succession and not to be released after the expiration of the period of the sentence, but after the refund of the amount of damage amounted to a total of 491 million 941 thousand and 578 dinars, while the total duration of imprisonment four years each.
Minister of Youth and Transport agree to build the port stadium in record time
Release date: 2017/8/2 12:29 • 41 times scheduled
(Baghdad: Al-Furat News) The Minister of Youth, Sports and Transport agreed to accelerate the completion of the construction of the port stadium, which is planned to accommodate 30 thousand spectators.
A statement by the Ministry of Transport received the agency {Euphrates News} a copy of it that "the Minister of Transport Kazem cup pigeon, met with Minister of Youth and Sports Abdul Hussein Abtan to discuss the procedures to complete the construction of the stadium and the agreement to be received by the Ministry of Transport."
"We are seeking further communication and coordination with the ministries of the state to serve the public interest and provide better services suitable for the Iraqi citizen," the minister said.
Al-Hamami added that "it was agreed with the Minister of Youth to accelerate the steps and administrative procedures required between the concerned departments in the two ministries to complete the stadium in a record time."
"We are seeking further communication and coordination with the ministries of the state to serve the public interest and provide better services suitable for the Iraqi citizen," the minister said.
Al-Hamami added that "it was agreed with the Minister of Youth to accelerate the steps and administrative procedures required between the concerned departments in the two ministries to complete the stadium in a record time."
Kauaihn Iraq Articles:
Jubouri: Iraq is keen to activate its foreign relations in a way that supports its stability
Date of release: 2017/8/2 16:07 • 6 times read
Iraq is keen to activate its foreign relations in a way that supports the means of stability and establish strong economic ties, said Parliament Speaker Salim al-Jubouri.
A statement issued by his office received the news agency (Euphrates News) copy today that the Speaker of the House of Representatives Salim al-Jubouri received on Wednesday, British Ambassador to Iraq Frank Becker, during the meeting discussed the latest political and security developments on the Iraqi arena and regional, and ways of continuing international coordination to combat Terrorism ".
"The meeting also discussed the prospects of developing relations between the two countries, and the importance of bilateral cooperation in the next stage, especially in the field of economic development and development."
"Iraq is keen to activate foreign relations in a manner that supports the means of stability and establishes strong economic ties according to the principle of mutual interests," the speaker said.
For his part, the British ambassador stressed "his country's keenness to provide all the support required for Iraq in the bayonet against terrorism, and economic cooperation is important in order to achieve interests and strengthen the bonds between countries and peoples."
"The meeting also discussed the prospects of developing relations between the two countries, and the importance of bilateral cooperation in the next stage, especially in the field of economic development and development."
"Iraq is keen to activate foreign relations in a manner that supports the means of stability and establishes strong economic ties according to the principle of mutual interests," the speaker said.
For his part, the British ambassador stressed "his country's keenness to provide all the support required for Iraq in the bayonet against terrorism, and economic cooperation is important in order to achieve interests and strengthen the bonds between countries and peoples."
Iraq holds its first pilgrimage to the Holy Land
By Rudao 25 minutes ago
The total number of Iraqi pilgrims this year is 33 thousand and 690 pilgrims, according to a government spokesman
Ruudau - Erbil
The Iraqi Hajj and Umrah Organization announced on Wednesday that the first group to the Holy Land will be flown from Baghdad International Airport to 333 pilgrims.
The spokesman for the government agency, Hassan Fahd, in a press statement, "The pilgrims will land at the airport of Medina to the proximity of their housing."
He added that "flights will be conducted on a daily basis from the airports of Iraq, Baghdad, Basra, Najaf, and airports of the Kurdistan Region, Erbil and Sulaymaniyah, as well as the transfer of 14 thousand pilgrims through the port Arar border with Saudi Arabia."
The total number of Iraqi pilgrims this year is 33 thousand and 690 pilgrims, according to the government spokesman.
Last week, the Saudi government decided to increase Iraq's quota by 5,000 additional opportunities, according to a media adviser at the Iraqi Interior Ministry.
The Iraqi Hajj and Umrah Organization announced on Wednesday that the first group to the Holy Land will be flown from Baghdad International Airport to 333 pilgrims.
The spokesman for the government agency, Hassan Fahd, in a press statement, "The pilgrims will land at the airport of Medina to the proximity of their housing."
He added that "flights will be conducted on a daily basis from the airports of Iraq, Baghdad, Basra, Najaf, and airports of the Kurdistan Region, Erbil and Sulaymaniyah, as well as the transfer of 14 thousand pilgrims through the port Arar border with Saudi Arabia."
The total number of Iraqi pilgrims this year is 33 thousand and 690 pilgrims, according to the government spokesman.
Last week, the Saudi government decided to increase Iraq's quota by 5,000 additional opportunities, according to a media adviser at the Iraqi Interior Ministry.
Sadr Praises the Saudi's leadership desire to strengthen cooperation with Iraq
BAGHDAD, Aug. 2 (Petra) - Sadr's leader Moqtada al-Sadr said that his visit to Saudi Arabia has achieved good results and touched on the seriousness of the officials there in the rapprochement with Iraq and contribute to his support of security and economic, calling for a halt to religious and political discourse.
A source close to Sadr told Petra news agency that during his visit to Saudi Arabia, he met Saudi Crown Prince Mohammed bin Salman and Saudi princes and ministers, the seriousness of the Saudi openness to Iraq and the intention to contribute to counter terrorism, rebuild destroyed and displaced areas and stimulate trade exchange. .
The source close to Sadr said that the leader of the current revealed the desire of the Kingdom to open border ports with Iraq, including Arar, as well as Jamima on southern Iraq to stimulate the movement of investment and trade, as well as opening an air line to transport passengers from traders and investors, and visitors to religious places in Iraq.
Al-Sadr stressed that the relationship with Saudi Arabia should develop in the future to the need of the two countries to communicate and brotherly relations in various fields, noting that Saudi Arabia provided previous assistance to the displaced Iraqis as I told him during the visit to provide 10 million dollars for the relief of the displaced.
After his arrival in Iraq, al-Sadr called for a halt to all religious and political sectarian voices that undermine brotherly relations between the two brotherly countries.
The visit of Iraqi officials and political leaders will soon follow to Saudi Arabia, within a remarkable rapprochement between Baghdad and Riyadh, as well as Prime Minister Haider Abadi, Ammar al-Hakim and Iyad Allawi, Vice President of Iraq.
- Petra (Petra)
2/8/2017 - 01:26 PMd
A source close to Sadr told Petra news agency that during his visit to Saudi Arabia, he met Saudi Crown Prince Mohammed bin Salman and Saudi princes and ministers, the seriousness of the Saudi openness to Iraq and the intention to contribute to counter terrorism, rebuild destroyed and displaced areas and stimulate trade exchange. .
The source close to Sadr said that the leader of the current revealed the desire of the Kingdom to open border ports with Iraq, including Arar, as well as Jamima on southern Iraq to stimulate the movement of investment and trade, as well as opening an air line to transport passengers from traders and investors, and visitors to religious places in Iraq.
Al-Sadr stressed that the relationship with Saudi Arabia should develop in the future to the need of the two countries to communicate and brotherly relations in various fields, noting that Saudi Arabia provided previous assistance to the displaced Iraqis as I told him during the visit to provide 10 million dollars for the relief of the displaced.
After his arrival in Iraq, al-Sadr called for a halt to all religious and political sectarian voices that undermine brotherly relations between the two brotherly countries.
The visit of Iraqi officials and political leaders will soon follow to Saudi Arabia, within a remarkable rapprochement between Baghdad and Riyadh, as well as Prime Minister Haider Abadi, Ammar al-Hakim and Iyad Allawi, Vice President of Iraq.
- Petra (Petra)
2/8/2017 - 01:26 PMd
Four years' imprisonment and a fine of (491) million dinars against the employees of the manipulation of two real estate
Iqbal to Iranian delegation: bilateral agreements must be activated between us
Baghdad Al-Ghad Press:
The Minister of Education Mohammad Iqbal al-Sidli said on Wednesday that Undersecretary of Education Radwan Hakimzadeh and his accompanying delegation should discuss the bilateral relations between the two countries in the field of education and create the atmosphere for signing the memorandum of understanding between Iraq and Iran.
"The two countries should enhance bilateral trust, develop teaching staff and supervisors, and exchange experiences in the field of vocational education, scientific laboratories and joint exhibitions between the two countries in scientific and technical fields," the pharmacist said in a statement.
He added that "the importance of strengthening the relationship between the two neighboring countries, and joint cooperation to upgrade the educational file, and support Iraq in this area."
Kauaihn Economic Times:
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GLOBAL/ NEWS/ INFO
Here's how much you have to save per paycheck to be a millionaire by 67
Depending on your salary, it may be less than 10 percent.
Read more: https://www.cnbc.com/2017/08/
Here's how much the top 1% of Americans have saved for retirement
How much are you setting aside?
Read more: https://www.cnbc.com/2017/07/
Powell: Saving for retirement in the most tax-efficient manner possible
USA TODAY
Many experts are focused on helping retirees determine the most tax-efficient way to generate income in retirement. Read the full story
OIL / COMMODITIES / ENERGY
Oil prices trade roughly flat ahead of government data on US crude stockpiles
Analysts were expecting U.S. crude oil inventories to fall, but an industry group reported an increase ahead of official government data.
Oil prices flutter as U.S. supply data loom
MarketWatch
MarketWatch
The market had taken a glass-half-full perspective last week amid pronouncements of major producers sticking with ongoing production cuts and Saudi Arabia planning to reduce oil exports this month. Read the full story
Global gold prices edge away from seven-week high as dollar steadies
Livemint
Livemint
Bengaluru: Gold prices edged lower on Wednesday as the dollar firmed and as investors took profits after downbeat US data propelled prices to a seven-week high in the previous session. Read the full story
Gold slides from a nearly 8-week high even as dollar remains under pressure
MarketWatch
MarketWatch
Gold futures retreated Wednesday from their highest settlement in nearly eight weeks—bucking their typically inverse relationship to a weaker dollar—as the latest metals rally showed fatigue. Read the full story
BANKS / BANKING
8 questions to ask before opening a new bank account
USA TODAY
USA TODAY
It's your money -- keep it working for you. Read the full story
How To Pull Your Money Out Of A Big Bank (It’s Not That Hard, I Just Did It)
Fast Company
Fast Company
Apart from the familial ties that I was born into, my relationship with Wells Fargo may have been one of the longest-standing of my life. Since I was 11 years old, I’ve had a savings account with the bank, linked to my parents’ finances. I don’t remember how old I was when I opened my first checking account, but I assume I was in high school. When I moved to New York three years ago, I set up my first credit card in a Wells Fargo branch office and felt very adult and also concerned about the Read the full story
Is Banking in Its Tightest Corner Ever?
Markets & Money
Markets & Money
Technology, an over-indebted economy and government, and the exhaustion of monetary policy mean banking is under threat from all sides. The post Is Banking in Its Tightest Corner Ever? appeared first on Markets and Money. Read the full story
UAE banks likely to see higher profits by year-end
Mubasher
Mubasher
Abu Dhabi – Mubasher: The UAE banks are expected to post a rise in profits by 5%-10% by the end of 2017, Al Khaleej newspaper reported. The banking sector is expected to continue its growth despite economic slowdown and geopolitical tension … Read the full story
RBI to drain liquidity without destabilising markets: Viral Acharya
Livemint
Livemint
Mumbai: The Reserve Bank of India (RBI) will continue to drain surplus liquidity from the banking system gradually without destabilising the market, deputy governor Viral Acharya said after the central bank’s monetary policy meeting on Wednesday. Read the full story
BNP Paribas - Said getting bigger in Japan
HITC
HITC
Japan’s negative interest rates are turning into a positive in BNP Paribas’s eyes, as it joins other European banks in strengthening its markets business in the nation. Read the full story
TREASURIES/ BONDS/ STOCKS
Stocks' Big Threat Is a Bond Collapse: Greenspan
Investopedia
Investopedia
Rapid rate increases may pop a bond market bubble, killing stocks Read the full story
US Treasurys hold lower after ADP report miss
U.S. government debt prices were lower on Wednesday as investors digested key employment data.
Read more: https://www.cnbc.com/2017/08/
US Treasurys rise as investors pore over key economic data
CNBC
CNBC
U.S. government debt prices were higher on Tuesday as investors digest fresh data releases. Read the full story
INSURANCE
Insurance companies inflating repair costs by up to 100% is plain theft, says PETER HILL
Express
Express
MOTORISTS have always known that insurance repair bills are inflated. When the garage asks, “Is it an insurance job?” you assume that the price will be doubled but you will never know because your insurance company won’t tell you. The consequences will become apparent when your renewal comes up and your premium rockets. Now it’s claimed that insurance companies inflate repair costs by up to 100 per cent then collect substantial rebates from the repairers. Read the full story
The Health-Care Debate Isn’t Going Away
National Review
If you thought that last week’s debacle marked the end of the health-care debate, guess again. As much as Republicans in Congress would like to move on to other things, the issue isn’t going anywhere. First, of course, none of Obamacare’s failures have gone away. Millions of Americans are still forced to buy overpriced, lousy health insurance that they don’t want. (Don’t forget that the majority of people that would have “lost” coverage under the Republican plans would have actually dropped Read the full story
Some insurers asking for premium increases of 30 percent or higher: report
The Hill
Insurers in several states are pursuing premium increases nearing 30 percent or higher for ObamaCare health plans, according to a Tuesday report in [The Wall Street Journal](https://www.wsj.com/
CURRENCIES
Dollar languishes at 15-month low, with ADP’s jobs report waiting in the wings
MarketWatch
MarketWatch
The U.S. dollar wobbled around a 15-month low Wednesday, ahead of a snapshot of private-sector hiring before the U.S. government’s closely watched jobs report is released later this week. Read the full story
Euro hits two-and-a-half year highs as warning signs grow
The dollar's weakness this year has been fueled by a steady unwinding of expectations of optimism about U.S. President Donald Trump's stimulus plans.
Read more: https://www.cnbc.com/2017/08/
POUND LIVE: Sterling jumps against US dollar amid Trump woes
Express
Express
THE pound strengthened against the dollar on Wednesday amid growing fears that Donald Trump will not be able to push through his economic and tax reforms. Sterling jumped around 0.2 per cent against the dollar, just short of 10-month highs against the American currency. And the euro is at its highest level against the dollar in more than two years. America's currency has been hit amid growing concerns for Mr Trump's agenda. The president promised major economic and tax reform to boost the Read the full story
Switzerland’s First-World Problem: What to Do With $750 Billion
The Wall Street Journal
The Wall Street Journal
The Swiss central bank’s $750 billion in foreign-currency reserves has sparked a lively debate over how the money should be invested. Read the full story
Commodity Currencies Slide As Crude Oil Price Falls
RTTNews
Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against other majr currencies in the Asian session on Wednesday, as crude oil price fell after a report said OPEC produce rose in June despite the cartel's supply quota plan. Read the full story
Forex - Kiwi, Aussie move lower after downbeat N.Z. jobs data
Kiwi and Aussie decline as N.Z. data disappoints in late trade Read the full story
Rupee opens marginally lower against US dollar
Livemint
Mumbai: The Indian rupee was trading marginally lower against the US dollar on Wednesday ahead of the Reserve Bank of India’s bi-monthly policy due today after 2.30pm. Read the full story
USA
Calexit! Calfornians want to replicate Brexit and TAKE BACK their tax dollars
Express
Express
A GROUP of California residents is campaigning to get a Brexit-like vote on whether the state should remain part of the United States and continue to pay taxes to the federal government. A group of Californians is campaigning for the independence of the state from the United States. The Vice-President of the California Freedom Coalition Shankar Singam said that Californians deserved to cast their vote on whether they wanted to remain part of the US considering the "differences" between the two. Read the full story
Democrats call for harsh new punishments on companies that outsource jobs
CNBC
Democrats look to reboot economic policy ahead of midterm elections by proposing tax penalties on companies that outsource jobs abroad among other measures as part of a more populist tone. Read the full story
North Korea isn’t bluffing, the nuclear threat to the US is real
New Scientist
New Scientist
Kim Jong-un’s unusual celebrations following a missile test this year herald the nation’s confidence in its ability to threaten US cities, says Jeffrey Lewis Read the full story
EMERGING MARKETS
Brazil’s export market share to Arab world rises to 15.4% - Report
Mubasher
Mubasher
Mubasher: The Arab-Brazil Chamber of Commerce (ABCC) on Wednesday revealed that Brazil’s export market share to the Arab region gained momentum in the first six months of 2017. The country’s export market share increased to 15.4% in H1-17, … Read the full story
Investors who bet on Trump boom are bailing, says global investment guru Mark Mobius
CNBC
The emerging markets specialist says investors are taking their cash and putting it into the overseas markets. Read the full story
The end is nigh – so it’s time to pile into miners and emerging markets
MoneyWeek
MoneyWeek
The end of the long-running bull market in equities is near, says Dominic Frisby. Investors should turn to “late-cycle assets” – mining stocks and emerging markets. Read the full story
MIDDLE EAST
UNB to expand in China, Egypt
Mubasher
Mubasher
Abu Dhabi – Mubasher: Union National Bank (UNB) is determined to expand in the Chinese and the Egyptian markets, CEO Mohammad Nasr Abdeen told Al Khaleej newspaper on Wednesday. UNB’s representative office in China will be tranfsormed into a … Read the full story
UAE launches new smart system to provide visas in 10 minutes
Gulf Business
The smart system will allow UAE citizens and residents to undertake all visa-related activity The post UAE launches new smart system to provide visas in 10 minutes appeared first on Gulf Business. Read the full story
Egypt to issue int'l T-bonds worth $2bn, $4bn in Q1-18
Mubasher
Mubasher
Cairo – Mubasher: Egypt will issue international treasury bonds (T-bonds) worth between $2 billion and $4 billion in the first quarter of 2018, Egypt’s minister of finance Amr El-Garhy told Middle East News Agency (MENA) on Wednesday. The Egyptian … Read the full story
Benjamin Netanyahu aide 'close to giving evidence against him'
The Telegraph
The Telegraph
Israeli detectives are reportedly close to convincing one of Benjamin Netanyahu's former top aides to give evidence against him in a potentially significant development to a long-running corruption investigation. Read the full story
Traders likely to invest in Gulf banks, real estate stocks – Analysts
Mubasher
Mubasher
By: Mahmoud Gamal Mubasher: Investors in the Gulf stock markets are expected to continue increasing their positions in attractive banks and real estate stocks, in line with the rise of global bourses and oil prices, analysts told Mubasher. The … Read the full story
UAE stocks attract investments – Analysts
Mubasher
Mubasher
By: Mahmoud Gamal Dubai – Mubasher: Long-term investors resumed their purchases of UAE attractive blue chips, analystst told Mubasher. Most UAE bourses are expected to continue their sideways-to-bullish performance on Wednesday, as institutional … Read the full story
AFRICA
South Africa: Exports to Zimbabwe Dips By 10% on Back of Product Ban
AllAfrica
AllAfrica
(Photo: Faizel Slamang/GroundUp) South Africa's exports to Zimbabwe have dropped by 10% on the back of a ban imposed on various South African products last year, a report says. The ban, which covered food, building materials, furniture, toiletries and other products sparked violent protests from cross-border traders in Beitbridge. Tight controls The state ZBC broadcaster said on Tuesday that figures seen by it at an ongoing SADC Industrialisation Week in Johannesburg "indicate that South Africa Read the full story
All about China's growing role in Africa
Business Insider UK
Business Insider UK
China hasn’t been known for establishing military bases in Africa – or even beyond its immediate sphere of influence. This is changing following its decision to build a military base in Djibouti on the Horn of Africa. The base will be next door to the United States Africa Command. China will be able to use the base to improve the way it manages its peacekeeping operations and humanitarian efforts in Africa, as well as its regional maritime operations. How should this be understood in terms of Read the full story
ASIA
Are Asian Investors Shorting Digital Currencies?
Investopedia
Investopedia
Some private banks in Asia are pushing back against the cryptocurrency boom by shorting Bitcoin, Ethereum, and others. Read the full story
The fight for China’s cashless consumption escalates with “Cashless Month”
TechNode
Editor’s note: A version of this post by Yiling Pan first appeared on Jing Daily, the leading digital publication on luxury consumer trends in China. As the concept of “going cashless” heats up in Chinese society, the country’s two leading mobile payment giants, WeChat Pay and Alipay, have pushed out marketing campaigns to further promote their respective payment apps to be the top destination for Chinese consumers looking to settle their cashless deals. On July 31, Alipay (under Alibaba Group) Read the full story
The surprise location of North Korea’s latest missile test is making the US and China nervous
Quartz
Quartz
When North Korea launched its second intercontinental ballistic missile (ICBM) last week, of immediate concern was how far the missile traveled, and where it could… Read the full story
3 Must Read Stories: Bitcoin Mining, China’s $29 Trillion Debt Bomb, China e-Sports
Barron's
Asia Stocks to Watch The big news overnight was the split - or "fork" - of Bitcoin into two forms of the digital currency, with the schism between rival factions over the future of the most popular crypto-currency leading prices to tumble around 5%. While the digital currency experts ponder what its all means, CNBC has a great story on the mining - or production - of bitcoins, and how it's become an industry dominated by enterprises harnessing high-tech computing power to profit handsomely: Back Read the full story
Asia's third largest economy braces for interest rate cut to battle low inflation
CNBC
CNBC
The Reserve Bank of India is expected to trim its main policy rate by 25 basis points to 6 percent on Wednesday as inflation continued to miss targets. Read the full story
EUROPE
How Portugal came back from the brink — and why austerity could have played a key role
Portugal is now often cited as an example of economic resurgence, applauded by international institutions. But what has driven this change? And more importantly, will it last?
Deutsche Bank Expects to Move 4,000 Jobs to EU After Brexit
Bloomberg
Deutsche Bank AG envisions shifting almost half its U.K. positions to the European continent over coming years as the lender’s Brexit plans take shape, people briefed on the matter said. Most of the 4,000 positions will move to Frankfurt and Berlin under the bank’s base case scenario, the people said, asking not to be identified discussing internal planning. Deutsche Bank will start relocating jobs next year at the earliest once it has dealt with regulatory approvals and other preparations, Read the full story
European stocks struggle as oil and bank shares are dragged down
MarketWatch
MarketWatch
Stocks in Europe ebbed lower Wednesday, as energy shares pulled back alongside a drop in oil prices, while bank stocks suffered, including those of France’s Societe Generale SA after the lender’s report of a profit decline.Read the full story
Blessed and Highly Favored:
The CBI for Thursday August 3, 2017 did update on the indicative rates Buy Rate 1182 and Sell Rate 1184
The currency auction is 161,289,845
There is no news and announcements for Thursday, August 3, 2017
ISX Update:
Value Traded
1,406,178,062
Shares Traded
1,903,827,991
ISX ended in Red
Kauaihn Chatter:
8-2-2017 Intel Guru RayRen98 [What are your sources saying (if anything) as to whether or not there is something else that needs to be completed before the raising of the value of their currency?] The statements in country seem to be saying that nothing else needs to be done. If the reports of 1:1 are correct, we are just waiting for the last pieces to fall into place. [Do you think we are realistically still a GO for This Week?] Yes.
8-2-2017 Newshound/Intel Guru Mnt Goat I want everyone not to assume that I am still not optimistic about a significant revaluation of the Iraqi dinar coming soon. I can see all the signs that they will bring back the IQD to its “former glory” soon. It will not take years and I am still looking for it sometime this year. But you have to remember that their economy can only take so much growth and then something must happen or simply put - who would want to come into Iraq to invest if they can’t grow their money?
8-2-2017 Newshound/Intel Guru Mnt Goat I want everyone not to assume that I am still not optimistic about a significant revaluation of the Iraqi dinar coming soon. I can see all the signs that they will bring back the IQD to its “former glory” soon. It will not take years and I am still looking for it sometime this year. But you have to remember that their economy can only take so much growth and then something must happen or simply put - who would want to come into Iraq to invest if they can’t grow their money?
8-2-2017 Newshound Guru G-Lin "In a letter sent by the International Monetary Fund, congratulated the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultation on the Credit Standby Agreement, which came after Implement the programs and financial and monetary targets and put them in a framework that provides for the financial stability of Iraq and meet the financial and security challenges." However, this says they will have a third review in Sept. on Iraq's monetary policy. That's unusal and I like it.
8-2-2017 Intel Guru RayRen98 We are getting some cross-reporting, with articles, and then Iraqi citizens telling us what’s on the television. The articles are saying that the IMF meeting was positive and favorable; one article said, “No trophy yet”, and Iraqi television said that Iraq didn’t meet the requirements of revaluing the rate and eliminating dual currencies. On the IMF site itself, it said that a disbursement was approved (800+ trillion) that Iraq was waiting to receive. There will possibly be a press conference today. Reports came out that the salaries were moved from this week to next week – August 6-7 for military pay and August 8-9 for retirees, at a 1:1 in-country rate. Then a couple of sources claimed yesterday that the rate in-country 1:1. We are looking for the CBI posting 1:1 and an international rate. Time will tell, but we do feel we are in the window, based on the information given.
8-2-2017 Intel Guru Frank26 In conclusion...we all know that without the currency reform they can’t move forward. I do believe the 1-to-1 100%. They have to IMPLEMENT the reforms to the IMF. The IMF should approve it tomorrow [Tuesday]. If so...they’re got the GREEN-LIGHT and they are ready to go and pull the trigger. Everything spells INTERNATIONALISM! They just need to announce it! [post 2 of 2]
8-2-2017 Intel Guru Bruce What we are hearing from Iraq’s point of view is they were going to have the IMF meeting in Iraq today [Tuesday]... I do know that things have occurred over there with the Iraqi citizenry where they do have a new rates and do have their new Qi cards which I refer to they have a share of the oil and gas exploration revenue on those cards. ...Today this morning for the citizens in Iraq, those cards were live and accessible. They were able to access those funds at the new rates... That has to tell us that we are very close. ...I think the IMF meeting was an overall success. I believe what Iraq needed to do is present their rate to the IMF today and I believe they did that successfully. I believe they had that rate approved today.
8-2-2017 Intel Guru RayRen98 We are getting some cross-reporting, with articles, and then Iraqi citizens telling us what’s on the television. The articles are saying that the IMF meeting was positive and favorable; one article said, “No trophy yet”, and Iraqi television said that Iraq didn’t meet the requirements of revaluing the rate and eliminating dual currencies. On the IMF site itself, it said that a disbursement was approved (800+ trillion) that Iraq was waiting to receive. There will possibly be a press conference today. Reports came out that the salaries were moved from this week to next week – August 6-7 for military pay and August 8-9 for retirees, at a 1:1 in-country rate. Then a couple of sources claimed yesterday that the rate in-country 1:1. We are looking for the CBI posting 1:1 and an international rate. Time will tell, but we do feel we are in the window, based on the information given.
8-2-2017 Intel Guru Frank26 In conclusion...we all know that without the currency reform they can’t move forward. I do believe the 1-to-1 100%. They have to IMPLEMENT the reforms to the IMF. The IMF should approve it tomorrow [Tuesday]. If so...they’re got the GREEN-LIGHT and they are ready to go and pull the trigger. Everything spells INTERNATIONALISM! They just need to announce it! [post 2 of 2]
8-2-2017 Intel Guru Bruce What we are hearing from Iraq’s point of view is they were going to have the IMF meeting in Iraq today [Tuesday]... I do know that things have occurred over there with the Iraqi citizenry where they do have a new rates and do have their new Qi cards which I refer to they have a share of the oil and gas exploration revenue on those cards. ...Today this morning for the citizens in Iraq, those cards were live and accessible. They were able to access those funds at the new rates... That has to tell us that we are very close. ...I think the IMF meeting was an overall success. I believe what Iraq needed to do is present their rate to the IMF today and I believe they did that successfully. I believe they had that rate approved today.
8-2-20217 Intel Guru Delta ...we could see “out the door” more than one dollar...maybe 1.15 or 1.20...even up to 1.42 is possible...because of them adding inflation...so 1 to 1 would be the bare minimum we could see...and the other reason I think we will see it come out higher than 1 to 1 is that at that rate it is what the Iraqi citizens are used to seeing...a dollar...but anything higher will be very good for them...IMO I think we will see 1.13-1.20 after inflation is added to it.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Al-Abbadi presides over the first meeting of the Higher Committee for Investment and Reconstruction
The Higher Committee for Investment and Reconstruction held its first meeting under the chairmanship of the Prime Minister Dr. Haider Al-Abbadi, in the presence of the members of the Committee.
Dr. Abadi stressed during the meeting the importance of launching a large economic program by supporting investment activities in various sectors, especially the productive sectors, so as to increase the country's economic performance as our heroic forces approached the liberation of the remaining areas of the defeated, At the international level and increase confidence in its financial and financing transactions.
The committee also discussed the agenda of the committee, in particular the formulation of mechanisms of action, prioritization, and discussed the launching of an accurate program to open up investment fields in a number of industrial, service and commercial projects which will provide great job opportunities.
The Committee recommended that it be submitted by a working group set up to review a number of important files with a view to taking appropriate decisions at the next meeting.
The committee also discussed the preparations underway to hold an economic forum in Baghdad for businessmen from inside and outside Iraq to support the reconstruction and investment movement in all governorates.
Prime Minister 's Media Office
2 August 2017
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Abadi receives French Ambassador to Baghdad
Prime Minister Dr. Haider Abadi received on Wednesday the French ambassador to Baghdad, Mr. Brno Obert.
The French ambassador congratulated the French government on the victories achieved on gangs advocating and liberating Mosul, and affirmed his country's stand in support of Iraq's unity and stability, its active role in the international community and the economic reforms carried out by the Iraqi government.Prime Minister Dr. Haider Abadi received on Wednesday the French ambassador to Baghdad, Mr. Brno Obert.
While Abadi stressed the completion of the liberation of all Iraqi territories from gangs and called for terrorism and Iraq's determination to meet the requirements of the reconstruction phase, calling on French companies to participate in investing in Iraq.
Prime Minister 's Media Office
2 August 2017
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ARTICLE 2-A
Presidency of the region denies Barzani's threat to the slaves
2017/8/2 23:14
[Ayna-Baghdad]
Denied the presidency of the Kurdistan region to be the President of the region Massoud Barzani has threatened Prime Minister Haider Abadi.
"Some organizations and media outlets have circulated false and far-fetched news that Barzani has sent threatening messages to my slaves," a provincial statement said.
"We assure all that this news is baseless and that the relationship between Barzani and Abadi is a good one. The two sides are always trying to solve the various problems by resorting to a language of understanding, dialogue and peaceful means."
It is noteworthy that Prime Minister Haider al-Abadi and Kurdistan Region President Massoud Barzani, indirectly, on the issue of the referendum on the independence of the province to be held on September 25 next.
2017/8/2 23:14
[Ayna-Baghdad]
Denied the presidency of the Kurdistan region to be the President of the region Massoud Barzani has threatened Prime Minister Haider Abadi.
"Some organizations and media outlets have circulated false and far-fetched news that Barzani has sent threatening messages to my slaves," a provincial statement said.
"We assure all that this news is baseless and that the relationship between Barzani and Abadi is a good one. The two sides are always trying to solve the various problems by resorting to a language of understanding, dialogue and peaceful means."
It is noteworthy that Prime Minister Haider al-Abadi and Kurdistan Region President Massoud Barzani, indirectly, on the issue of the referendum on the independence of the province to be held on September 25 next.
***************
ARTICLE 2-B
Kurdistan denies Barzani's threat to Abadi: Relations are very good
Erbil - Iraq Press - August 3: The Presidency of the Kurdistan Region, denied the news that the media reported that the President of the Kurdistan Region Massoud Barzani sent a threatening letter, to the Iraqi Prime Minister, Haider Abadi. "There is no basis for such false news, and the relations are very good between President Barzani and the Iraqi prime minister," the provincial presidency said in a statement posted on its website. "We have always tried, whether in the present or in the future, to solve all differences, if any, through understanding and dialogue," she said. Finished
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ARTICLE 3
Presidency of Kurdistan: "Violation of the Constitution" gives us the right to hold a referendum
2017/8/2 17:21
[Ayna-Erbil]
The Kurdistan Regional Presidency responded to the parties that described the referendum as a violation of the Iraqi constitution by saying that "the violation of more than 55 articles in the Constitution prompted the Kurdistan region to resort to the option of referendum and independence."
The spokesman for the presidency of the Kurdistan region, Omid Sabah, in a press statement that "the contract between Erbil and Baghdad, the Constitution has been violated, and this gives the Kurdistan region the right to choose another way."
He added that "the Kurdistan region wants to reach an appropriate formula for this issue through peaceful dialogue, in order to prevent violence to become Baghdad and Erbil are good neighbors."
"We have begun discussions with the components and we have met with the leaders of the Nineveh tribes, and now we are waiting for the return of the governor of Kirkuk from abroad to meet the President of the Kurdistan region with the components of Kirkuk," he said.
On the position of the Secretary-General of the Badr Organization Hadi al-Ameri to pay the Arabs and Turkomans in Kirkuk to stand against the referendum, said: "must be equal opportunities between the components of Kirkuk and no one can impose itself on the people of the region."
The Kurdish parties agreed on June 7 to hold the referendum on September 25 and the elections on November 6.
Iran, Turkey, the United States, Russia, the United Nations, Germany and Baghdad had earlier declared their rejection of the Kurdistan independence referendum "a threat to Iraq's unity."
"The United Nations has announced its position on this referendum and it will not participate without the approval of Baghdad," Prime Minister Haider al-Abadi said on the referendum as "illegal and that the federal government will not support, fund or participate in it." The referendum is not binding on independence, but on the knowledge of the opinion of the Kurdish people. "
The head of the region Massoud Barzani earlier, the referendum decision "irreversible" and "will prevent the occurrence of disasters in the region."
Barzani also said during his visit last month at the head of a high Kurdish delegation to Brussels for European support for independence that "the authorities of the region seeks to discuss with Baghdad on borders, water and resources after the referendum on independence."
"We are convinced that we can live only as good neighbors with Iraq," he said. "100 years ago, Iraq is trying to be a democratic country, but without any results."
2017/8/2 17:21
[Ayna-Erbil]
The Kurdistan Regional Presidency responded to the parties that described the referendum as a violation of the Iraqi constitution by saying that "the violation of more than 55 articles in the Constitution prompted the Kurdistan region to resort to the option of referendum and independence."
The spokesman for the presidency of the Kurdistan region, Omid Sabah, in a press statement that "the contract between Erbil and Baghdad, the Constitution has been violated, and this gives the Kurdistan region the right to choose another way."
He added that "the Kurdistan region wants to reach an appropriate formula for this issue through peaceful dialogue, in order to prevent violence to become Baghdad and Erbil are good neighbors."
"We have begun discussions with the components and we have met with the leaders of the Nineveh tribes, and now we are waiting for the return of the governor of Kirkuk from abroad to meet the President of the Kurdistan region with the components of Kirkuk," he said.
On the position of the Secretary-General of the Badr Organization Hadi al-Ameri to pay the Arabs and Turkomans in Kirkuk to stand against the referendum, said: "must be equal opportunities between the components of Kirkuk and no one can impose itself on the people of the region."
The Kurdish parties agreed on June 7 to hold the referendum on September 25 and the elections on November 6.
Iran, Turkey, the United States, Russia, the United Nations, Germany and Baghdad had earlier declared their rejection of the Kurdistan independence referendum "a threat to Iraq's unity."
"The United Nations has announced its position on this referendum and it will not participate without the approval of Baghdad," Prime Minister Haider al-Abadi said on the referendum as "illegal and that the federal government will not support, fund or participate in it." The referendum is not binding on independence, but on the knowledge of the opinion of the Kurdish people. "
The head of the region Massoud Barzani earlier, the referendum decision "irreversible" and "will prevent the occurrence of disasters in the region."
Barzani also said during his visit last month at the head of a high Kurdish delegation to Brussels for European support for independence that "the authorities of the region seeks to discuss with Baghdad on borders, water and resources after the referendum on independence."
"We are convinced that we can live only as good neighbors with Iraq," he said. "100 years ago, Iraq is trying to be a democratic country, but without any results."
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ARTICLE 4
A massive housing project in Maysan at a cost of $ 447 million
2017/8/3 11:13 • 32 times read
2017/8/3 11:13 • 32 times read
[Ayna-Baghdad]
The federal government approved a huge national housing project in Maysan province.
"The Council of Ministers has approved the establishment of the Investment Authority by the National Investment Commission in accordance with the provisions of the Investment Law No. 13 of 2006, amended to the two companies [Verbright Beihian Construction Development Shenzhen Co. Ltd.] And the Lebanese Copper Company for Trading and General Contracting to implement the national housing project in Maysan province. "
He pointed out that "the decision to transfer the project to the construction of 3812 horizontal housing units with its various services [commercial, infrastructure, public services], and the cost of $ 447 million and the implementation period of three years on the plot numbered [14/1596 Abu Rumaneh / Maysan province] Ministry of Construction, Housing, Municipalities and Public Works with an area of 652 dunums.
The statement added that "the approval required the submission of the financing plan of the project in conjunction with the guarantee of the financing entity from an approved financial institution in accordance with the provisions of Article 7 / paragraph b, provided that the National Investment Commission take into account the article 19 / II of the investment law.
"It also ensures that the investment contract between Maysan and the above two companies will be carried out with the commitment of the two companies to implement 14,000 square meters of public utility services [school, clinic, police station] at their own expense.
The Council's decision concluded that the General Secretariat of the Council of Ministers would be provided with a copy of the investment contract after signing it.
The federal government approved a huge national housing project in Maysan province.
"The Council of Ministers has approved the establishment of the Investment Authority by the National Investment Commission in accordance with the provisions of the Investment Law No. 13 of 2006, amended to the two companies [Verbright Beihian Construction Development Shenzhen Co. Ltd.] And the Lebanese Copper Company for Trading and General Contracting to implement the national housing project in Maysan province. "
He pointed out that "the decision to transfer the project to the construction of 3812 horizontal housing units with its various services [commercial, infrastructure, public services], and the cost of $ 447 million and the implementation period of three years on the plot numbered [14/1596 Abu Rumaneh / Maysan province] Ministry of Construction, Housing, Municipalities and Public Works with an area of 652 dunums.
The statement added that "the approval required the submission of the financing plan of the project in conjunction with the guarantee of the financing entity from an approved financial institution in accordance with the provisions of Article 7 / paragraph b, provided that the National Investment Commission take into account the article 19 / II of the investment law.
"It also ensures that the investment contract between Maysan and the above two companies will be carried out with the commitment of the two companies to implement 14,000 square meters of public utility services [school, clinic, police station] at their own expense.
The Council's decision concluded that the General Secretariat of the Council of Ministers would be provided with a copy of the investment contract after signing it.
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ARTICLE 5
Parliament adjourns for half an hour
2017/8/3 11:41
[Ayna-Baghdad]
The Presidency of Parliament postponed the meeting to be held today half an hour for lack of quorum. The agenda of today's session includes the completion of the vote on the draft law on provincial and district elections and questioning the Minister of Commerce and Agency [Salman Jumaili] on charges of corruption as well as vote on a number of bills and discuss general topics.
2017/8/3 11:41
[Ayna-Baghdad]
The Presidency of Parliament postponed the meeting to be held today half an hour for lack of quorum. The agenda of today's session includes the completion of the vote on the draft law on provincial and district elections and questioning the Minister of Commerce and Agency [Salman Jumaili] on charges of corruption as well as vote on a number of bills and discuss general topics.
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ARTICLE 6
Jennifer Aniston returns to television after 18 years of absence
NEW YORK (AP) - Jennifer Aniston has become famous for her role in the Friends series, which has made her debut in the world of cinema. Aniston has been dazzled by her charm and charisma. The world performed by the personality of "Rachel Green", the pampered rich girl who decided to leave this wealth behind her back and work as a waitress in a simple cafe. A summary of her role in the famous series Friends of Friends, which was shown on NBC, which made her one of the best stars of her time.
The surprise that many fans of the beloved star expect is that they will return to our homes in the small screen again for the first time since 2014 with the end of the last part of the famous "Friends" series. But the project is still in the making, and has not yet begun filming, so it has not sold any television network so far, and starring Reese Witherspoon, Aniston, in the drama series produced by HBO. The two Hollywood stars worked together in a television series before. Witherspoon played the role of Jennifer Aniston's younger sister in a number of episodes of "Friends".
The project is run by former director of HBO Michael Ellinberg through his newly established film and television production company Media Reese.
Anaston has been involved in television drama for many years, since the end of the last part of the series "Friends", but has played honorary roles in some series such as her role in the books of "30 Rock" and "Cougar Town."
NEW YORK (AP) - Jennifer Aniston has become famous for her role in the Friends series, which has made her debut in the world of cinema. Aniston has been dazzled by her charm and charisma. The world performed by the personality of "Rachel Green", the pampered rich girl who decided to leave this wealth behind her back and work as a waitress in a simple cafe. A summary of her role in the famous series Friends of Friends, which was shown on NBC, which made her one of the best stars of her time.
The surprise that many fans of the beloved star expect is that they will return to our homes in the small screen again for the first time since 2014 with the end of the last part of the famous "Friends" series. But the project is still in the making, and has not yet begun filming, so it has not sold any television network so far, and starring Reese Witherspoon, Aniston, in the drama series produced by HBO. The two Hollywood stars worked together in a television series before. Witherspoon played the role of Jennifer Aniston's younger sister in a number of episodes of "Friends".
The project is run by former director of HBO Michael Ellinberg through his newly established film and television production company Media Reese.
Anaston has been involved in television drama for many years, since the end of the last part of the series "Friends", but has played honorary roles in some series such as her role in the books of "30 Rock" and "Cougar Town."
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