Tuesday, August 1, 2017

Word on the Street Tuesday 8/1/17

Word on the Street Tuesday 8/1/17




IMF Executive Board Completes Second Review of Iraq’s Stand-By Arrangement and the 2017 Article IV Consultation

August 1, 2017
  • The authorities are appropriately maintaining the peg of the Iraqi dinar to the U.S. dollar, which provides a key anchor to the economy.
  • Measures to prevent money-laundering, counter the financing of terrorism, and strengthen the anti-corruption legislation need to be implemented.
  • The authorities are implementing a sizable fiscal adjustment, mostly through retrenchment of inefficient capital expenditure while protecting social spending.
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term. The completion of the second review allows the authorities to draw the equivalent of SDR 584.2 million (about US$ 824.8 million), bringing total disbursements to SDR 1494.2 million about US$ 2109.7 million. The SDR 3.831 billion arrangement (about US$5.34 billion at the time of approval of the arrangement) was approved in July, 2016 (See Press Release No. 16/321) and the first review was completed on December 5, 2016 ( See Press Release No. 16/540).
As part of the completion of the second review, the Board also approved Iraq’s request for waivers of non-observance and applicability of performance criteria, and modification of performance criteria. Further fiscal consolidation was achieved in 2016, but at a slower pace than programmed because of weak control of investment expenditure and humanitarian needs. To move the program forward, the authorities are implementing strong corrective measures as prior actions and are committed to further fiscal measures in 2018 to ensure external and debt sustainability.
The Executive Board today also concluded the 2017 Article IV Consultation with Iraq. A respective press release will be issued separately.
Following the Executive Board’s decision, Mr David Lipton, First Deputy Managing Director, issued the following statement:
The economic policies implemented by the Iraqi authorities to deal with the shocks facing Iraq—the armed conflict with ISIS and the ensuing humanitarian crisis and the collapse in oil prices—are appropriate. In the fiscal area, the authorities are implementing a sizable fiscal adjustment, mostly through retrenchment of inefficient capital expenditure while protecting social spending. The authorities are appropriately maintaining the peg of the Iraqi dinar to the U.S. dollar, which provides a key anchor to the economy. Performance under the Stand-By Arrangement has been weak in some key areas, but understandings have been reached on sufficient corrective actions to keep the program on track. Resolute implementation of the authorities’ program, together with strong international financial support, will be key.
Further fiscal consolidation measures are needed in 2017-18 to keep the program on track. The composition of the fiscal adjustment should be improved over time by increasing non-oil revenue and reducing current expenditure. In addition, reforming the electricity sector and state-owned enterprises will make room for larger and more effective investment expenditure that supports growth and job creation.
Significantly improving public financial management will be important. Arrears need to be assessed and paid following verification, and expenditure commitment and cash management should be strengthened to prevent the accumulation of new arrears.
Measures to bolster financial sector stability include strengthening the legal framework of the Central Bank of Iraq, restructuring state-owned banks, and eliminating an exchange restriction and a multi-currency practice. Measures to prevent money-laundering, counter the financing of terrorism, and strengthen the anti-corruption legislation also need to be implemented.
Implementation of the budget-sharing agreement with the Kurdistan Regional Government would put both the federal government and the Kurdistan Regional Government in a better position to address the shocks to the Iraqi economy.

Table 1. Iraq: Selected Economic and Financial Indicators, 2013–22
(Quota: SDR 1,663.8 million)
(Population: 37.5 million; 2016 est.)
(Poverty rate: 23 percent, 2014)
(Main export: Crude oil)
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Est.
Prog.
Prog.
Proj.
Proj.
Proj.
Proj.
Economic growth and prices
Real GDP (percentage change)
7.6
0.7
4.8
11.0
-0.4
2.9
1.7
2.0
2.1
2.1
Non-oil real GDP (percentage change)
12.4
-3.9
-9.6
-8.1
1.5
2.0
3.0
3.9
4.0
4.1
GDP deflator (percentage change)
0.0
-0.7
-26.9
-12.9
12.9
2.3
2.9
3.8
4.4
4.7
GDP per capita (US$)
7,021
6,517
4,869
4,533
4,958
5,091
5,194
5,362
5,569
5,806
GDP (in US$ billion)
234.6
234.7
179.8
171.7
192.7
202.9
212.3
224.8
239.5
256.2
Oil production (mbpd) 1/
3.0
3.1
3.7
4.6
4.6
4.7
4.8
4.8
4.9
4.9
Oil exports (mbpd) 1/
2.4
2.6
3.4
3.8
3.8
3.9
3.9
4.0
4.0
4.1
Iraq oil export prices (US$ pb)
102.9
96.5
45.9
35.6
45.3
45.4
44.9
45.2
45.9
47.1
Consumer price inflation (percentage change; average)
1.9
2.2
1.4
0.4
2.0
2.0
2.0
2.0
2.0
2.0
(In percent of GDP)
National Accounts
Gross domestic investment
26.9
25.7
24.4
20.6
19.7
19.1
18.6
18.2
18.2
18.0
Of which: public
17.4
18.0
15.1
11.4
11.1
10.5
9.8
9.3
9.1
8.8
Gross domestic consumption
69.5
69.9
81.6
87.8
86.4
85.1
85.3
84.3
83.4
82.2
Of which: public
21.0
18.3
22.3
22.9
23.7
22.2
21.1
19.7
18.3
16.9
Gross national savings
28.1
28.3
18.0
11.9
13.4
12.4
14.5
15.0
16.1
17.4
Of which: public
11.6
13.0
3.0
-2.3
6.6
6.3
8.7
8.9
9.9
11.1
Saving - Investment balance
1.1
2.6
-6.5
-8.7
-6.3
-6.7
-4.1
-3.2
-2.1
-0.6
(In percent of GDP, unless otherwise indicated)
Public Finance
Government revenue and grants
42.2
38.2
30.3
27.4
35.9
36.4
35.6
34.5
33.7
33.0
Government oil revenue
38.6
36.0
27.5
23.2
31.8
31.7
30.6
29.4
28.3
27.5
Government non-oil revenue
3.5
2.1
2.8
4.1
3.9
4.6
4.8
5.0
5.2
5.4
Grants
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
Expenditure, of which:
48.0
43.5
42.6
41.5
41.0
41.1
37.2
35.0
33.1
31.1
Current expenditure
30.6
25.5
27.5
30.1
30.0
30.7
27.4
25.8
24.0
22.3
Capital expenditure
17.4
18.0
15.1
11.4
11.1
10.5
9.8
9.3
9.1
8.8
Primary fiscal balance
-5.4
-5.1
-11.7
-13.4
-3.8
-3.7
-0.5
0.7
1.8
3.1
Overall fiscal balance (including grants)
-5.8
-5.4
-12.3
-14.1
-5.1
-4.7
-1.7
-0.5
0.6
2.0
Non-oil primary fiscal balance (percent of non-oil GDP)
-67.6
-56.1
-45.1
-44.6
-47.8
-43.4
-39.6
-35.4
-32.0
-28.7
Memorandum items:
Tax revenue/non-oil GDP (in percent)
1.9
1.7
1.0
3.9
4.6
5.5
5.6
5.6
5.7
5.9
Total government debt (in percent of GDP)
31.2
32.0
54.5
66.7
63.8
65.3
64.3
61.6
57.5
52.1
Total government debt (in US$ billion)
73.1
75.2
98.0
114.6
122.9
132.6
136.5
138.4
137.7
133.4
External government debt (in percent of GDP)
25.3
24.8
36.8
39.3
38.3
40.9
40.4
36.9
32.8
27.9
External government debt (in US$ billion)
59.3
58.1
66.1
67.5
73.7
83.0
85.7
82.9
78.5
71.4
(In percent, unless otherwise indicated)
Monetary indicators
Growth in reserve money
12.6
-9.6
-12.6
7.1
1.3
3.6
4.0
5.8
5.8
5.9
Growth in broad money
15.9
3.6
-9.0
7.2
4.1
4.9
4.0
6.5
7.1
8.3
Policy interest rate (end of period)
6.0
6.0
6.0
4.0
…
…
…
…
…
…
(In percent of GDP, unless otherwise indicated)
External sector
Current account
1.1
2.6
-6.5
-8.7
-6.3
-6.7
-4.1
-3.2
-2.1
-0.6
Trade balance
9.9
10.9
-0.1
-1.8
0.8
1.8
1.7
2.1
2.5
3.3
Exports of goods
38.3
39.6
31.4
29.1
32.4
32.0
30.7
29.6
28.5
27.8
Imports of goods
-28.4
-28.7
-31.5
-30.9
-31.7
-30.2
-29.0
-27.4
-26.0
-24.4
Overall external balance
-1.3
-10.0
-7.1
-3.6
-0.9
-2.7
-1.1
-0.6
0.2
0.8
Gross reserves (in US$ billion) 2/
77.8
66.7
53.7
45.2
41.4
40.8
39.7
37.1
36.0
36.5
In months of imports of goods and services
10.8
10.9
9.2
6.7
6.2
6.0
5.8
5.4
5.2
5.3
Exchange rate (dinar per US$; period average)
1,166
1,166
1,166
1,180
…
…
…
…
…
…
Real effective exchange rate (percent change, end of period) 3/
6.6
4.7
6.8
5.9
…
…
…
…
…
…

Sources: Iraqi authorities; and IMF staff estimates and projections.
1/ Includes Kurdistan Regional Governement (0.55 mbpd) only in projection.
2/ Starting 2014 includes US$ account balances from oil revenues.
3/ Positive means appreciation.
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: RANDA ELNAGAR
PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG




Word on the Street Tuesday 8/1/17:
TNT CONFERENCE CALL MONDAY 7/31/17 DC NY CALL RECAP:
Good afternoon TNT Superfantastic Family. Today is Marvelous Monday. Did we have a whirlwind of a weekend from Friday to now. Some people are disillutioned and some people are upset. Plus some are down right mad and some are not even phased. We did have information on Friday that didn't really say look for an RV over the weekend, or that you would be at the bank this morning. We talked about the ATM's being loaded and ready for whenever. There was no guarantee that it would pop out this weekend. We did let you know that the budget was not in the Gazette. Some were looking for it to be there. The big thing was really the August 1st meeting. There were certain thiings that we were told that needed to be done before that meeting was to take place which would have a lot of folks thinking RV. They have to get these thiings done. The budget was one of those things meaning the supplemental budget and last we were looking at it needed to be approved by the end of the month. What did they do last Saturday? They had a meeting. Then they had an approval on the budget last Saturday, but the meeting takes place on tomorrow .Even thought something in the budget was passed and the news indicated that Abadi had opposed something in the Supreme court to get a ruling. They said they won't rule on it until after the meeting on August 1st. Did that create a holdup? Who knows and really not sure. Last Thursday was a holiday and an unannounced holiday. One we didn't know ahead of time. So we went into the weekend with a lot of questions. I was not looking for the RV but looking for answers as when to look for this RV, or if it is definately going to be an August 1st deal. Some are advocating August 1 or after August 1. Time will tell on that. Today we had some interesting developments. First over the weekend the chart went out again. Before it was supposedly it was a private deal and thought this stuff coming out, it was to coincide with a public release. It was showing buy and sell rates 100 USD to 125.750 Dinar. That created some converstation needless to say. Quite a bit back and forth over the weekend with some expectations and anticipation, interpetation, they are all in there. You name it. It remains to be seen exactly what that all represents. If it is that one to one that we were hearing about that exists in country in certain areas. Are these charts reflecting that, and is this going to be true reality that can be seen very easily? It seems that everthing seems to be hinged on tomorrow's meeting. At least after that meeting, we will get some answers if it is public release time or when it wil be public release time. So that remains to be seen and that is what we wait on ever so patiently. Q and A: Q: Has there been any change of value on the Dinar in Baghdad? Have you confirmed anywhere in Baghdad priced have dropped? I have not confirmed that prices have dropped, but I have a new set of prices. How significant a drop awaits further research.. Q: I have noticed currency convertor site is showing dinar at 1166. Does that number to need to go lower? Ray: Yes much much much lower. Q: Do you believe the health care bill voted down last week has anything to do with the RV? Ray: No I don't. Q: Are you of any prices changes on tariffs at the Iraqi borders? Ray: I have not heard of any. Q: Anything you can share from your banking contacts in the USA or Iraq? Ray: They have been quiet as a church mouse and have been all weekend. Q: Any news out of the mosques? Ray: None at the present time. it is extremely quiest in a mystifying way. Callers: Caller: 470 Catnip: Earlier in the morning there had been some chitter chatter with the major banks, and their websites being down in Iraq. Have you folks shared any further insight on that? Ray: No nothing other than I believe they are still down. Rafadain and Rasheed were still down. This whole new internet service was supposedly launched last week over there. Catnip: Yesterday. Ray: that may have attributed to that news service and their sites being down. Everthing is quiet so hard to put a finger on why it is. They are not responding or answering calls. Catnip: Are the calls going thru? Ray: I don't know that. Catnip: Lastly this August meeting and we are now in that 24 hour countdown of when that will be held. Speculation it is the IMF and Iraq, but my question is are there any secondary players like the BIS , World Bank or UN involved in this in the background mode? Ray: There has been no mention of them. Catnip: Have your folks indicated who will be in the Iraqi delegation coming over to meet with the IMF ? Ray: No I have not heard anything about that. Catnip: Sounds like it will be a busy 24 hours so let me sign off on that and hopefully very soon we will be going to Vegas, Vegas, Vegas..Caller: Tish no one is talking about a little article where they had to make a committee to watch prices in the markets to make sure the traders merchants are not raising the prices. To me that would seem like prices have gone down a lot and tilted to raise them for whatever reason. When they say violators will be severly punished they held a press conference to talk about it. Kurdistan is very independent It has been my experience in the last 2-3 years when we can see an article here and it comes out of one place and it generally in other places too. Something I feel they are going to hide it from us.They sure do a lot of things to keep us from seeing stuff. I was very excited to read that and it came out on the 29th. Something is definately going on with their prices over there.They are even asking people if you see any prices prices come and tell us. Oiutside the citizens are posting pictures and videos and I don't think we can see the prices. Do you have anything to add? Ray: I don't have anything to add. Caller: I heard Obamacare had a clause in it to stop the RV. Have you heard anything about that/ Ray: No. Caller: You talked about the 54 banks, and I went onto Chase to see if I could find an exchange rate and they said they do not exchange dinar. Same with a couple other banks online. Ray: Post RV those 54 banks will be on the website with instructions, 800 numbers and more. Ray's Wrap up: I want to communicate how real this thing is and more than just getting money. It is way bigger than that. If you are not conditioned you need to know there is a bigger meaning and purpose behind this. You have to have a broad thinking on this. I am trying to keep you into this whole new lifestyle of living a lot of you have yet to even learn that it exists. This is your chance to go over there to stay. A big responsiblity comes with this at levels you never have seen before. Once you learn responsibility, you will rise to the occasion if you Believe! It is already done! Rayren98

Forex Rates:

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,142.1000  1,192.9000 1,142.1000 1,133.8000 1,133.8000  8.3000 07:13
 USD/VND  22,378.0000  23,055.0000 22,378.0000 22,217.0000 22,217.0000  161.0000 07:13
 USD/CNY  6.7192  6.7204 6.7296 6.7143 6.7252  -0.0060 07:13
 USD/KWD  0.3007  0.3028 0.3015 0.3007 0.3013  -0.0006 07:00
 GBP/USD  1.3215  1.3216 1.3238 1.3197 1.3197  0.0019 07:13
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  13,317.5000  13,329.5000 13,330.0000 13,295.0000 13,295.0000  22.5000 07:08
CNBC Link:  
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DC NY Iraq Articles:


The salaries of the employees of some departments of the Ministry of Industry and Minerals

01-08-2017 01:00 PM
Rafidain Bank announced the disbursement of salaries of some departments of the Ministry of Industry and Minerals.


The bank's information office said that 'the bank has launched the salaries of some departments of the Ministry of Industry and Minerals after the arrival of the instruments of their departments to the bank'.

He explained that the departments are 'Ibn Sina factory, Nahrawan plant, Al-Badr factory, Al-Ramah factory and Samarra pharmaceutical factory', pointing out that 'exchange was done through one of the electronic payment tools'.

Call for an emergency session of the government of Salahuddin

Localization access_time 2017/07/31 00:50   Baghdad today / Salahuddin

The secretary-general of the Salahuddin Provincial Council, on Monday, called on the Council to hold an emergency session to discuss the reality of the province.
Salah al-Din al-Khazraji, secretary-general of the Salah al-Din Provincial Council, told Baghdad Today that he was calling for an emergency session of the provincial council to discuss the political, security and service situation of the province.
"His call comes because of the situation in which the province is being targeted.

Jubouri: The next phase requires more cooperation and coordination with friendly countries

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31/07/2017
(SANA) - Speaker of Parliament Salim al-Jubouri on Monday met with Czech Vice-President Jan Bartoszak, Vice-President of the People's Assembly Melosha Horska and their accompanying parliamentary delegation, on bilateral relations between Iraq and the Czech Republic. And the need to make every effort to maintain joint and at all levels.
The meeting also discussed the political and security developments in the region and the world.
Al-Jubouri said that Iraq is coming to a future stage after the disappearance of the organization calling for the terrorist requires more cooperation and coordination with friendly countries and in the best interests of the country, pointing out that the Parliament looks forward to further cooperation to promote its legislative institution as a representative of the people through legislation and laws that contribute to Stability of the country.
He pointed out that the House of Representatives seeks to develop parliamentary diplomacy by opening up prospects for cooperation with countries in the region and the world.
Jubouri expressed his hope to benefit from the Czech parliament in the field of development and the advancement of the economy of the country, stressing the importance of creating all the appropriate conditions in order to support common interests through the exchange of experiences between the two countries.
For his part, the visiting delegation expressed the keenness of the Czech government and parliament to support Iraq in all fields and in a way that will restore it to play its vital role in the region and the world.


Parties in Iraqi Kurdistan agree to activate the disabled parliament


Erbil, Anatolia: Political parties in the Kurdistan region, northern Iraq, on Sunday, to reactivate the parliament of the region, which has been stalled for nearly two years due to political differences, within a maximum of two weeks.
This came in a statement issued by the Supreme Council for Referendum on the organization of the referendum on secession from Iraq, to ​​be held in September.
The meeting was chaired by Massoud Barzani, the president of the region, his deputy Kusrat Rasul, Prime Minister Najirvan Barzani, and representatives of political parties and national and religious components of the council, according to the statement.
The statement said that the two agreed to activate the parliament of the region within two weeks to resolve the differences and support the referendum.
As the leaders of the region to mandate Massoud Barzani, and Kusrat Rasul, to form a negotiating delegation with Baghdad, on the subject of the referendum.
A source close to the meeting, who preferred not to be named, said the region intends to send a delegation to Baghdad to negotiate on the issue of the referendum, before August 10 next.
The source added that the move to reactivate the parliament comes at the request of the Movement for Change (Goran), which stipulated the return of parliament to work before joining the agreement to hold the referendum.
The parliament was completely disrupted two years ago following political disputes between the Kurdistan Democratic Party (KDP) and Masoud Barzani, the largest opposition party in the region.
Parliament is headed by Mohamed Yousef, from the Movement for Change, and in October 2015, the security authorities in the city of Erbil, which is the center of power of the Democratic Party, prevented Yusuf from entering the city and reaching parliament.
The Movement for Change, and the Kurdistan Islamic Rally Party, called on the opposition to postpone the referendum on the separation of the region from Iraq, as it is not a priority.
The referendum to be held on 25 September is non-binding and is centered around a survey of the people of the three provinces of Erbil, Sulaymaniyah and Dohuk, as well as disputed areas, whether they wish to secede from Iraq or not.
Over the past weeks, the Iraqi government and Iraqi political officials said the move was not in line with the country's 2005 constitution, two years after Saddam Hussein's regime was ousted and not in the interests of the Kurds politically, economically and nationally.
The referendum raised international fears that it would have a negative impact on the situation in Iraq, especially as the country is still fighting a war against the "Islamic state".
Turkey rejects this referendum and stresses that the preservation of the territorial integrity of Iraq is linked to the establishment of security, peace and prosperity in the region.
While Washington expressed concern about the planned referendum and said it would deviate from urgent priorities such as defeating the organization and stabilizing the country for all Iraqis, the United Nations, in previous statements by officials, stressed that the referendum step should not be taken without a common understanding Between Arbil and Baghdad

Faisal Al-Hamoud received governor of Najaf

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Monday, 31 July 2017   Sheikh Faisal Al-Hamoud future governor of Najaf
Al-Farwaniya Governor Sheikh Faisal Al-Hamoud received Governor of Najaf in the Republic of Iraq Louay Al-Yasiri and his accompanying delegation on the occasion of their visit to the country.

The two sides exchanged cordial talks, which dealt with the relations between the two countries and the two brotherly peoples and the prospects for activating them in general.

Sheikh Al-Hamoud welcomed the visit of Governor Al-Yasiri, praising their efforts to facilitate Kuwaiti visitors to Najaf. He stressed that Kuwait is a country of freedom and a model of coexistence between religions, beliefs and sects.

For his part, the governor of Najaf al-Yasiri expressed his thanks and appreciation to Sheikh Faisal Al-Hamoud for the hospitality and generosity he has been immersed in, wishing Kuwait the Emir, the government and the people more prosperity and prosperity and relations between the two countries progress and development for the benefit of their two brotherly peoples.
At the end of the meeting, the Governor of Najaf invited Sheikh Faisal Al-Hamoud to visit Najaf Al-Ashraf, who thanked him for his invitation.
Baghdad / Al-Ghad Press:
Labor Minister Mohammed Shiaa al-Sudani announced Monday that loans would be granted to small enterprises in liberated areas.
"The conference today to review what was destroyed by terrorism in the areas liberated by the security forces," Sudanese said in a press conference attended by "Al-Ghad Press", noting that "the loan funds came from grants to Iraq and was allocated 24 billion dinars as the value of loans , And 3 to 8 million dinars of the value of one loan and a shot for 5 years without interest.

He called on the Sudanese Ministry of Finance to "facilitate the work of loans and help the displaced and returned to their areas and provide services to them and were able, through coordination with UNICEF to open a home for people with special needs in the left coast of Mosul."
He explained that "some of the residential houses were exploited by government institutions in the liberated areas," noting that "the submission of loans will be electronically for two months and was maintained the disbursement of social benefits in the liberated areas."
He pointed out that "hundreds of social researchers have been appointed in Nineveh, Anbar, Salah al-Din and the inclusion of 2500 of the Yazidiyat, Shabak and Christians in salaries of social welfare."
Kauaihn Iraq Articles:

Mr. Ammar al-Hakim to a Czech delegation: Iraq is about to harvest the fruit of his patience

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Editorial Date: 2017/7/31 11:54 • 69 times read
(Baghdad: Al-Furat News) Iraqi National Alliance Chairman Mr. Ammar al-Hakim discussed with a Czech parliamentary delegation headed by the bilateral relations between the two countries and ways of developing them, especially in the field of combating terrorism.
A statement by the Office of the President of the coalition received the agency {Euphrates News} copy of it, Mr. Ammar al-Hakim called during a meeting with the delegation headed by Deputy Speaker of the Czech Parliament to "coordinate efforts to confront terrorist groups and tighten the screws on them."
"Iraq is poised to harvest the fruit of its patience," said Ammar al-Hakim, adding that "the National Alliance presented the draft national settlement as an early reading of the events after the urging."

The Bangladeshi Embassy in Baghdad opens an office in Parbil

President of Kurdistan received its ambassador in Iraq ...
   30/07/2017 - 23:47
The head of the Kurdistan Regional Government (KRG), Najirvan Barzani, discussed with the Bangladeshi ambassador to Iraq Abu Muskoud Farhad on Sunday the development of bilateral relations between Erbil and Dhaka and the establishment of a joint mechanism between the two countries' governments through the Bangladeshi embassy in Baghdad and related institutions in the region. The territory legally and through government channels in their country.
Said that Barzani received the Bangladeshi ambassador to Iraq Abu Maksoud Farhad, who conveyed the greetings of Prime Minister Sheikh Hasina Wajid to the head of the provincial government, expressing his surprise at the development witnessed by the province, especially the city of Arbil. He also expressed his country's desire to develop bilateral relations with the Kurdistan Region and to open an office of the Bangladeshi embassy in Erbil to follow up the affairs of Bangladeshi workers who work in different fields in the region. He expressed his thanks to the Kurdistan Region which provided job opportunities for a large number of its citizens.
For his part, Nzhirvan Barzani expressed the desire of the region to develop its relations with Bangladesh, stressing that the provincial government provides all facilities to better manage the affairs of Bangladeshi workers in the region, suggesting a common mechanism between the governments of the two countries through the Bangladeshi embassy in Baghdad and relevant institutions in the province to facilitate access Bengali workers who wish to work in the province legally and through government channels in their country.

Houthis call Saudi Arabia for a truce during the Hajj period signed in the Sacred House

http://translate.googleusercontent.com/translate_c?depth=2&hl=en&rurl=translate.google.com&sl=ar&sp=nmt4&tl=en&u=http://www.faceiraq.net/inews.php%3Fid%3D5764955&usg=ALkJrhipce0acJXslR1k8cjrLADF8qFKiQ
Policy access_time 2017/07/31 00:16 Baghdad today
Muhammad Ali al-Houthi, head of the Supreme Revolutionary Committee of Yemen (Houthis), proposed to Saudi Arabia the signing of a truce stipulating not to fight during the holy months.
According to Houthi on his Facebook page, the truce must be "committed by all in all areas of fighting and military confrontations not to fight and lift the siege and allow Yemeni pilgrims to pilgrimage until the end of these months to honor these months and maximize them, God Almighty."

After 11 years .. Moqtada al-Sadr in Saudi Arabia

http://translate.googleusercontent.com/translate_c?depth=2&hl=en&rurl=translate.google.com&sl=ar&sp=nmt4&tl=en&u=http://www.faceiraq.net/inews.php%3Fid%3D5764915&usg=ALkJrhhAuL-u1pRepqGG0pLSGavlwA24BA
Monday, 31 July 2017
The leader of the Sadrist movement Moqtada al-Sadr arrived in Saudi Arabia yesterday and was received in Jeddah by Saudi Minister of State for Gulf Affairs Thamer al-Sabhan.
"We have been very pleased with what we found to be a positive breakthrough in the Saudi-Iraqi relations, and we hope it is the beginning of the retreat and the retreat of sectarian strife in the Arab-Islamic region," a statement from Sadr's office said.
The last visit by Muqtada al-Sadr to Saudi Arabia was in 2006.
To this, the leaders of the Kurdish region in northern Iraq, agreed yesterday to reactivate the parliament of the region, which has been stalled for nearly two years due to political differences, within a maximum of two weeks.
This came in a statement issued by the Supreme Council for Referendum on the organization of the referendum on secession from Iraq, scheduled to be held in September.
The meeting was held under the chairmanship of Massoud Barzani, the president of the region, his deputy Kosrat Rasool, Prime Minister Nechervan Barzani, and representatives of political parties and the national and religious components of the Council, according to the statement. The statement said that the two agreed to activate the parliament of the region within two weeks to resolve the differences and support the referendum.
As the leaders of the region to mandate Massoud Barzani, and Kusrat Rasul, to form a negotiating delegation with Baghdad, on the subject of the referendum.
A source close to the meeting, who preferred not to be named, said the region intends to send a delegation to Baghdad to negotiate on the issue of the referendum, before August 10 next.
The source added, according to Anatolia, that the move to reactivate parliament, comes at the request of the Movement for Change (Goran), which required the return of parliament to work before joining the agreement to hold the referendum.
The parliament was completely disrupted two years ago following political differences between the Kurdistan Democratic Party (KDP) and Masoud Barzani, the largest opposition party in the region. The Iraqi Islamic Supreme Council yesterday elected Hamam Hamoudi as its new president, replacing his retreating president Ammar al-Hakim.
The council, which includes five members and a number of members of the Political Bureau, was elected during an emergency meeting of Hamam Hamoudi as new president of the Islamic Supreme Council, the council said in a statement.
The meeting also concluded that Mohammad al-Mawla was retained as chairman of the general assembly of the council while former minister Baqir al-Zubaidi was elected to the council's organizational bureau and Jalal al-Din al-Saghir was responsible for the executive office.
In addition, a Turkmen leader in the popular mobilization forces west of Mosul, northern Iraq, yesterday, the exclusion of 5 brigades from the battle in Tal Afar expected, indicating that the majority of the members of these forces excluded from the city itself.
"The top military commanders overseeing the battle plan for the liberation of Tal Afar have excluded five brigades from the upcoming battle to expel an oppressor from this city," said the officer in the popular crowd, Musa Ali Gulaq.
He added in his statement to the Anatolia, that "the brigade of the division of the Iraqi army was excluded, and the 9th and 10th brigades of the 3rd Division of the federal police, and was excluded from the regiments of the police force Tal Afar, as well as the exclusion of the banner of Hussein in the body of popular mobilization.
According to Gulaq, "the majority of the elements of these forces excluded from this battle are the sons of Tal Afar itself."
"The people of Tal Afar took part in most of the battles that resulted in the liberation of the Anbar, Salah al-Din, Mosul and other areas, so why should they be prevented from participating in the liberation of their areas," he said.

Iraq agrees with Iran to implement the pipeline project between Iran and Kirkuk

31-07-2017 12:53 PM
Iraq and Iran have agreed to extend an oil pipeline from Kirkuk to Iran, in a move ahead of the agreement to liquidate the province's ore.


"Iran has agreed with Iraq to implement the pipeline project between Iran and Kirkuk," Iranian Oil Minister Bijan Zangana said during a meeting with Iraqi Oil Minister Jabbar Ali al-Laibi, who is currently visiting Tehran. "Iran is currently considering refinancing Iraqi oil in its refineries, Choose a consultant to evaluate this topic. '

Zangana said that bilateral talks included the situation of the oil market and joint cooperation. He pointed out that the Kirkuk-Iran pipeline is one of the axes of cooperation in which good decisions have already been made, and today decisions have also been taken on the operations of this line.

He added that 'the two sides agreed on the international consulting company, which is scheduled to study the Kirkuk-Iran oil pipeline, and decided to conduct the feasibility study required and submitted to the two sides in preparation for the operational launch project'.

"The oil pipeline in Basra - Abadan [southwestern Iran] is another axis of the talks and the two sides agreed to accelerate the pace of action in this regard," he said.

On the export of gas to Iraq, Minister Zangana 'on the gas pipeline from [Naft Shahar] [West Iran] to Iraq,' pointing out that 'the pipeline to export gas to Basra will do in the coming months too.'

He stressed that 'the two sides discussed the unified development of the oil fields [Khorramshahr and Nafat Shahr al-Janubi] joint between Iraq and Iran, as there are previous agreements on the subject and decided to form a joint committee for the project'.

On the other hand, Zangana explained that: banking communication between Iran and Iraq is still experiencing obstacles, but Tehran received cash in receivables of the amount of gas it is currently exporting.

On the commitment of members of the Organization of Petroleum Exporting Countries (OPEC) to the agreement to cut production, he considered that the members of the Organization committed to 90 percent.
Kauaihn Economic Times:
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GLOBAL/NEWS/INFO
Mario Batali: This is the only time it’s worth getting into debt
This one kind of debt can "eventually buy you freedom," chef Mario Batali says.
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Mysterious craters blowing out of Russia could mean trouble for the whole planet
In northern Siberia, rising temperatures are triggering massive changes to the region's landscape and ecology, and could pose broad threats.Read more: https://www.cnbc.com/2017/07/30/siberian-craters-big-releases-of-methane-could-pose-broad-problems.html
OIL / COMMODITIES / ENERGY
Gold hits highest in nearly 7 weeks on struggling dollar
Gold was also boosted by U.S. economic data that cast doubt on whether the Federal Reserve will raise rates again this year.
Read more: https://www.cnbc.com/2017/07/30/gold-steady-around-7-week-high-on-n-korean-tensions.html
Gold hits highest in nearly 7 weeks on struggling dollar
Mining Weekly Africa
Gold prices hit their highest in almost seven weeks on Monday, boosted by a struggling dollar and US economic data that has cast doubt on whether the Federal Reserve will raise rates again this year. Spot gold was down 0.1% at $1 266.99 an ounce at 0846 GMT from an earlier $1 270.98, its highest since June 14. It is on course for a two% rise this month. US gold futures fell 0.2% to $1 265.90 an ounce. Read the full story
Oil prices trade near two-month highs as producers set to meet again
News of a producers' meeting next week added to bullish sentiment driven by the threat of U.S. sanctions against OPEC member Venezuela.
Read more: https://www.cnbc.com/2017/07/30/oil-hits-highest-since-may-on-tighter-us-market-venezuela-sanctions-risk.html
Premier Oil confirms large 1bn barrel plus discovery offshore Mexico
Proactive Investors
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BANKS / BANKING
Small Business, Big Banking Not A Winning Combo, Survey FindsPYMNTS.com
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HSBC tops earnings estimates, announces $2 billion share buyback
HSBC announced a $2 billion share buyback after reporting a 5 percent year-on-year increase in pre-tax profit to $10.24 billion in the first half of 2017.
Read more: https://www.cnbc.com/2017/07/30/hsbc-reports-second-quarter-2017-earnings.html
Blockchain technology being considered by more than half of big corporations, according to study
More than half of the world’s large corporations are looking into blockchain (distributed ledger technology), according to a study.
Read more: https://www.cnbc.com/2017/07/31/blockchain-technology-considered-by-57-percent-of-big-corporations-study.html
How can credit unions grow in a sustainable way?
Co-operative News
In a breakout session at the World Credit Union Conference in Vienna last week, credit union professionals shared their organisations’ stories of sustainable growth. They looked at the potential of mergers, working with fintechs and attracting new members. Australia Dave Taylor of G & C Mutual Bank in Australia described how the organisation had to play by the same capital rules as other banks. “Looking at organic growth and consolidation in Australia credit unions and mutual banks consolidated Read the full story
Does Citi Include Product Upgrades/Downgrades in the 24-Month Rule?
The Points Guy
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TREASURIES/ BONDS/ STOCKS
Wall Street on track to end July as second best month in 2017
U.S. stock futures were higher this morning after another record high close for the Dow on Friday.
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US Treasurys lower as investors focus on earnings, monitor Russia-US relations
U.S. government debt prices were lower on Monday morning as investors monitored U.S.-Russia relations and digest new earnings reports.
Read more: https://www.cnbc.com/2017/07/31/us-treasurys-lower-as-investors-focus-on-earnings-monitor-russia-us-relations.html
INSURANCE
Wells Fargo’s Latest Scandal: Selling Customers Auto Insurance They Didn’t Need
Insurance Journal
Fraudulent bank accounts, bogus credit cards, compromised customer data and, now, unwanted car insurance. Wells Fargo & Co., it seems, just can’t stay out of trouble. News late last week that the lender may have charged more than 500,000 people for auto insurance they didn’t need has raised uncomfortable questions for the bank, including the big one: What will it take to clean up Wells Fargo? After nearly a year of scandal and upset, including the ouster last year of Wells Fargo’s long time Read the full story
CURRENCIES
Forex - U.S. dollar nurses losses near 13-month lowsInvesting.com
© Reuters. Forex - U.S. dollar nurses losses near 13-month lows Read the full story
Dollar steady near 13-month lows; data eyed
The dollar was weighed down by political uncertainty and increased short positions.
Read more: https://www.cnbc.com/2017/07/30/dollar-struggles-on-policy-uncertainty-political-woes.html
Dollar rebounds, but stays on course for worst month since January
MarketWatch
The dollar rebounds from three straight weeks of losses on Monday, but is still on track for its biggest monthly drop since January as political uncertainty and disappointing U.S. data weigh on investors’ minds. Read the full story
Swiss Franc Slides Amid Risk Appetite
RTTNews
The Swiss franc weakened against other major currencies in the European session on Monday, as European stock markets rose after U.S. stocks climbed well off their early lows to end mixed on Friday. Read the full story
Pound to euro exchange rate: Sterling climbs ahead of major Eurozone update
Express
POUND sterling has risen slightly against the euro at the start of a new week, ahead of important data released out of the Eurozone. The exchange rate jumped to €1.119 this morning, up from €1.117 at the weekend. Sterling has risen slightly at the opening of the week, but remains volatile to data released out of the Eurozone today. Read the full story
Rupee trades marginally higher against US dollar
Livemint
Mumbai: The Indian rupee on Monday was trading marginally higher against the US dollar, tracking gains in the Asian currencies markets. Read the full story
USA
Are Social Security payments included in the US GDP calculation?
Investopedia
Understand how gross domestic product is calculated and whether or not transfer payments such as Social Security are included in GDP. Read the full story
US sanctions on Venezuela could be a boon to US economy: Hilsenrath
Fox News
The Trump administration is considering imposing sanctions on Venezuela's oil industry after Sunday's election, which granted President Nicolas Maduro's ruling party with virtually unlimited power. Read the full story
EMERGING MARKETS
MSCI warns Chinese companies this will get them dropped from the emerging markets index
MSCI is warning companies in China that suspending trading in their shares for too long risk can get them cut from the benchmark emerging markets index.
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China and India could emerge as the winners of US oil sanctions on Venezuela
China and India could both emerge as unlikely winners from possible U.S. sanctions on Venezuela's vital oil sector, according to one oil analyst.
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Bezant gets go-ahead for platinum and gold sales from Colombian government
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MIDDLE EAST
High-Ranking Delegation from Erbil to Discuss Referendum with Baghdad Officials
Asharq Al-Awsat - English
From ASHARQ AL-AWSAT English. Erbil- The Supreme Council for the Referendum in Kurdistan has decided at the end of its meeting on Sunday, under … continue reading High-Ranking Delegation from Erbil to Discuss Referendum with Baghdad Officials Read the full story
Economic Gathering in Dubai Tackles Future of Investments
Asharq Al-Awsat - English
From ASHARQ AL-AWSAT English. Dubai – Dubai is set to showcase opportunities for growth, innovation and future investments in its key sectors, supporting the … continue reading Economic Gathering in Dubai Tackles Future of Investments Read the full story
What is hindering a renewable energy renaissance in Egypt?
Mubasher
By: Moslem Ali Cairo - Mubasher: Ancient Egyptians were among the pioneers in using wind power to sail ships on the Nile River; and 5,000 years later, Frank Shuman built the world’s first solar thermal power station in the Maadi district south of … Read the full story
AFRICA
Zim piling up gold, diamonds to back new currency – VP
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Zimbabwe Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency. But he did not say when the new currency would be introduced. Read the full story
Premier African Minerals takes advantage on rising lithium interest
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Premier African Minerals Limited (LON:PREM) has arranged a new financing package to provide working capital and to increase its stake in fertiliser project developer Circum. The additional 1% stake in Circum is costing Premier African roughly US$1.3mln, with the money to come from a £2.9mln new loan agreement and a combiined £4.8mln subscription at 0.7p and £3.3mln stand-by facility that will give it access to a further net £1.5mln. Premier African is taking advantage of a surge in interest in Read the full story
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ASIA
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Vietnam has so far attracted foreign direct investment (FDI) estimated at $22 billion this year, a 52 percent increase compared to the same period last year. The most attractive sectors for the foreign capital were the processing and manufacturing industries (almost a half: $10.8 billion), the production and dist... Read the full story
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Gold gains in Asia Read the full story
EUROPE
German minister urges ‘countermeasures’ against US for Russia sanctions
German Economy Minister Brigitte Zypries asked the European Commission to look into possible countermeasures against the United States.
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Tony Blair prosecution bid over Iraq war is blocked by High Court
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EU Considers Proposals to Freeze Bank Accounts
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It’s bad times for a lot of EU citizens and the banks in general. And it highlights the fact that the fall-out from the global financial crisis is still very much with us today. The post EU Considers Proposals to Freeze Bank Accounts appeared first on Stock Market News, Finance and Investments | Money Morning Australia. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Tuesday, August 1, 2017 did update on the indicative rates and the sell rate for the USD is 1184. The currency auction is 160,550,848. There are no updated news and announcements for Tuesday, August 1, 2017.
ISX Update:
The ISX latest update is Shares Traded is 15,647,321,075 and Values Traded is 15,739,813,247. The ISX ended in GREEN.
UN Operational Rates Update:
The UN Operational Rates were published on Friday, July 28, 2017 and will become effective on Tuesday, August 1, 2017. Also, there is a 48 hour window on either side of August 1, 2017 for the numbers to be revised and still be official for August 1, 2017 (IMO....Thursday, August 3, 2017)
Blogs:

"Repeal" - Mon. AM TNT Thoughts


Kauaihn Chatter: 

8-1-2017   Newshound/Intel Gur Mnt Goat   Article quote:  "It cannot accomplish its task unless accompanied by additional laws and procedures in support for the decentralized system of government." Everyone needs to remember its 2017 and so much progress has already been made for the needed laws to implement these articles of the constitution. But this “decentralization” effort is huge and... encompasses many laws.  So maybe we should also look for more news coming out on this “de-centralization” effort too to give us a  sign as to how close the RV really is?  [post 2 of 2]

8-1-2017   Newshound/Intel Guru Mnt Goat   "No exit for Iraq without decentralization"   ...they are taking about existing [exiting ?] from Chapter VII sanctions.   Iraq is still under financial sanctions resulting from Chapter VII sanctions under the UN charter for member nations, who disobey the articles of membership. Iraq attacked Kuwait also a member nation. Once under sanctions it is very hard to get out of them especially once they go to war and are occupied. This puts the country under an entire umbrella of scrutiny. Its like the have to start all over. Kuwait reinstated their currency but Kuwait was not under sanctions. They just had their currency shut off due to the war so Saddam Hussein could not use it for his aims. Remember how quickly is was reinstated? This has not and is not going to be the case with Iraq. They must first “start over” with an entirely new government... They must institute and implement their constitution “fully”.   [post 1 of 2....stay tuned]
7-31-2017   Intel Guru RayRen98   Today we had some interesting develoments.  A chart went out regarding buy and sell rates, so some felt that this indicated a public RV, with $100 = IQD 125.  That created some discussions and interpretations, but it remains to be seen what that actually means – in-country?  All areas?  I don’t know.  Everything seems to be hinged on tomorrow’s meeting, whether it is public release time, or WHEN that might be so. [Hopefully this meeting with the IMF will release the RV;  if not, then what?]  WE wait until the next day. This has always been about a plan...if we look at how this plan is unfolding, the only thing we cannot put our finger on is when it will work for US.  It’s coming! 
7-31-2017   Newshound Guru Kaperoni   Article quote:  "The next stage is required to have banks active role in providing the investment process and move the labor market and activate the capital cycle to help move all sectors..."    [Geeeezzzz we've has some great articles the last few days...]  Great is not strong enough... Excellent/spectacular!  i think is better.  We already know from another article that Iraq does not have the funding to rebuild on there own.  This article then confirms that the solution is opening the banking system to the world which will facilitate investment.

7-31-2017   Newshound/Intel Guru Mnt Goat  Now we see the shift in the news to cover the “de-centralization” and local taxation efforts.  So now it’s all about the economy and implementing the reforms.  Article quote:  "The International Monetary Fund has called on Iraq to make fundamental adjustments in its economic and financial sectors, especially the banking sector, which needs to restructure and new policies in line with the reforms called for by the Fund as a condition to support Iraq."    This is all in the Standby Agreement of 2015 (SBA) and Iraq has been working hard to implement everything the IMF asks for in this agreement. So don’t think there is still tons of work to be done.

7-31-2017   Intel/Newshound Guru tman23   The fact is Iraq is going to lift the 3 zeros at some point in time, and the speculation is on how the 3 zero notes will be treated at exchange...The IMF has gone to great lengths to protect the CBI reserves...it is for that reason I have confidence that the currency will be honored...at what cost to us is another question...should we be required to use a dealer to exchange it back to the CBI..
7-31-2017   Newshound Guru Enorrste   Article:  "Hakim meets with Governor of the Central Bank of the economic reality and the reconstruction of the liberated areas"   What is clear to us all is that nothing of any consequence is going to happen without large foreign investment.  The damage is too great.  Furthermore, foreign investment won't occur unless the dinar is internationally accepted.
Elmer:
Not in today
Artmeister:
HI CURRENCY HOLDERS:
WELL, I HEARD EARLIER TODAY THAT FOREX WAS DOWN UNTIL TUESDAY AND THEN JUST NOW I SEE IN A SKYPEROOM THE FOLLOWING:

 IQD on 4x - rate went from $24/36/52 and still climbing. Remember Shabibbe said it could support up to $160 in the past. So they Will let it float. They want this done before Iraq's meeting with the IMF in Iraq on Tuesday
WOW!!!! I THOUGHT SHABIBI SAID $ 16.00 NOT $ 160.00. EITHER WAY, IF THIS IS SO, THAT IS FANTASTIC.
Summary:

July 29 2017 11:06 pm EDT IMF Deadline TNT Chat: "High Alert for Aug. 1st" - Sat. PM TNT Thoughts Artneto: From what I understand, the IMF placed a deadline on Iraq and there is a meeting on Aug 1. So, if we do not see it exactly on August 1, it should only be another week or so.
Zap:
I EXPECT WONDERFUL NEWS TO SURFACE THIS COMING WEEK.
Sammy Solis:
GLOBAL RV/RD UPDATE:
The delays have been a part of our life as you know, and heard a few have received bank agreements this past week. So we'll see . The stories are all over the board. I heard some have received payments and some close to a sovereign elder group whose paymaster is receiving funds August 2nd as stated by a UN source has large files of Zim and Dinar currencies plus exotic historic assets in HK is getting paid by August 7-12...getting paid within the next 12 days.

We want all countries on a even playing field, no more currency manipulations. Trump said that... Ooooh. Last president that said that plus wanted the Fed audited got killed in 63. All politicians and banks shadowed by the Deep State are the scum of the earth!

Future is already here but we do not see a swap of fiat to digital on a short period unless payments on RV come in digital. At this time I am hearing very good rumors from my close colleague/asset holder that "delivery of pizzas" will start this coming week, particularly in Brickell area of Miami, as well as in the "Land of cheeses".

...On a side note, right now, it's all paperwork. It's all gonna release at the same time. They are in the US, HK, China and blue banana moving money east (Asia) to west (Europe, Canada, US)...not listening to bloggers. 🤐🤐 nor BS reports from global private groups like HAPS who get their panties in a twist over their weekly "next week" Intel leaks (their common theme). LOL! No names, no dates, no rates! F**K em if they can't take a joke!
Paymasters, our last line of defense, are already preparing for our release..!


Yosef says that the RV “is in the sanctions bill” and will be signed tonight.
http://inteldinarchronicles.blogspot.ca/2017/07/augush-gcrrv-intel-sitrep-monday-july.html?m=1
Blog post written by a “true light worker and… a starseed” who has been systematically raped and abused for her status all her life says that the RV/GCR is just a Cabal trick to get us all off course. We should be getting ready for “The Event”, a purported metaphysical event promoted by Cobra Resistance and since accepted by many other gurus. There is bound to be a lot of discussion about this piece! http://operationdisclosure.blogspot.ca/2017/07/starseed-releasing-and-purpose-of.html
Catnip:

ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not posted on English side)

Prime Minister Dr. Haidar Al-Abadi pays tribute to the two employees who are confronting the terrorist group that attacked the Iraqi Embassy in Kabul 

30 July 2017

Prime Minister Dr. Haidar Al-Abadi paid tribute to the employees who resisted the courage of the terrorist group that attacked the Iraqi Embassy in Kabul, and congratulated the charge d'affaires there for his survival.
"The Iraqi people have succeeded in defeating terrorist gangs, thwarting and thwarting their plans in all places and times, even in their attack on our embassy abroad, which reflects Iraq's will and determination to fight terrorism.
He also thanked the Afghan leadership for the martyrdom of an Afghan security man and an Afghan woman, praising the courage of the security force, which foiled the attack on the Iraqi embassy in Kabul.

Prime Minister 's Media Office
31-Oct-2017 (should have translated as 31-July-2017)

*************
ARTICLE 2

Saudi Arabia calls on Hakim, Allawi and Abadi to visit them like the Sadr


BAGHDAD (Reuters) - Iyad Allawi, Ammar al-Hakim and Haider al-Abadi received invitations to visit Saudi Arabia, informed sources said on Monday. 
Saudi Arabia's Al-Arab newspaper quoted Saudi official sources as saying that "Riyadh invited Iyad Allawi, Vice President of the Republic, Emaar al-Hakim, leader of the Wisdom movement, and Haidar al-Abadi, the prime minister, to visit Saudi Arabia successively."
Al-Hakim is likely to be the first to meet the invitation, After a similar invitation received by the leader of the Sadrist movement, Moqtada al-Sadr is currently visiting Saudi Arabia and meet with senior officials. " AH

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ARTICLE 3

Jubouri: The destruction of liberated cities is too large and exceeds the capacity of Iraq

2017/8/1 11:19 • 7 times read

[Ayna-Baghdad]
"The volume of destruction in liberated cities exceeds Iraq's capacity and requires international support," Speaker of Parliament Salim al-Jubouri said.
"Today, the Ambassador of Norway in Iraq, Cecile Perry, received on the occasion of the end of her work in Iraq, and discussed the most prominent political situation in Iraq and the region, in addition to the bilateral relations between the two countries, Cooperation in various fields ".
The speaker stressed the importance of international support for Iraq in the ongoing liberation operations to eliminate the terrorist.
"The reconstruction of the liberated areas and the return of displaced people require great international support because the size of the destruction in these cities is very large and exceeds the country's capacity," Jubouri said, adding that Iraq has a desire for Norway to play a role in the reconstruction of these areas.
He praised Norway's role in supporting and supporting Iraq in its war against terrorism, praising the ambassador's role in Baghdad through the consolidation of bilateral relations between Iraq and Norway.
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ARTICLE 4

Kuwait: Donor Conference for Iraq Reconstruction was held in the first quarter of 2018

2017/8/1 0:04

[Where - Continue]
Kuwaiti Deputy Foreign Minister Khalid Al-Jarallah said on Monday that Kuwait has started contacts with the countries of the world, the World Bank and the Republic of Iraq to prepare for hosting a donor conference for the reconstruction of liberated Iraqi areas.
"There is no date for the conference, but it is likely to be in the first quarter of next year," Jarallah told reporters on the sidelines of a ceremony at the Iraqi embassy in the country to liberate Mosul.
He added that Kuwait stands by Iraq from the beginning and supports it through the international alliance and the bilateral relations which bring together the two brotherly countries.
"We have an understanding, coordination and harmony with the brothers in Iraq and we are able, through this coordination, to overcome any problems that may occur," Jarallah said.
He congratulated the Iraqi people on the victories achieved in Mosul "and its return to the bosom of Iraq after its liberation", praising the heroism which reflects the hardness and sacrifice of the Iraqi people in reaching these results.
The Amir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, last July telephoned Prime Minister Haider Abadi, expressing his congratulations to the government and the people of Iraq to win a duel in Mosul, stressing Kuwait's readiness to host an international conference to restore the liberated areas in Iraq.
Abadi said on June 22 that the cost of destruction of infrastructure because of the war on the duel exceeded $ 100 billion.
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ARTICLE 5

US ambassador visits Falluja to rehabilitate infrastructure

ANBAR, Iraq, July 31 (Xinhua) - US Ambassador to Iraq Douglas Seelman confirmed the US government's support for efforts to stabilize Falluja.
This came on the sidelines of his visit to Fallujah, and his meeting with Anbar governor Suhaib al-Rawi.
The embassy said in a statement that it had funded and rehabilitated the main water treatment plant through the United Nations Development Program (UNDP) and provided medical equipment for seven health centers and the rehabilitation of 20 schools.Finished

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ARTICLE 6

Nineveh operations chief expects Talaafar battle to start in two weeks and easy victory

2017/7/31 21:52

[Where - Continue]
Nineveh operations chief Maj. Gen. Najm al-Jubouri expected the security forces to win an easy victory in the next battle to restore Tal Afar district, 40 km west of Mosul, and free him from gangs of terror.
Tal Afar is the second stronghold of Daish in Ninewa province. It is estimated that there are 2,000 terrorists suffering from stress and low morale after the liberation of the entire city of Mosul on July 10. 
"The battle of Tal Afar is not going to be a big and complex battle," Major General Jabbouri told Reuters in an interview. "The enemy is heavily exhausted, long besieged and hit daily by night and by day, both by coalition forces and by the Iraqi air force." 
"The battle will be simple compared to the heavy fighting to restore Mosul, which lasted nine months and cost the Iraqi forces a lot." 
"I know through intelligence reports that their morale is in the bottom and they are also trying as hard as possible to escape from Tal Afar by all means," said Jubouri, who was mayor of Tal Afar more than a decade ago. 
The city, whose population before falling into the hands of 200,000 people, saw waves of sectarian violence after the US-led invasion of Iraq in 2003 and produced some of the country's top leaders. 
Turkey, which says it has ties to the Tal Afar population, mostly Turkmen, has refused to participate in the popular rally, but Prime Minister Haider al-Abadi has confirmed the participation of the popular and tribal crowd in the battle. 
Jabouri estimated there were between 1,500 and 2,000 terrorists in Tal Afar. This figure may include some of their family members who support them. "We are in the aerial surveillance, and with some information, they are preventing civilians from photographing their areas, but I imagine that there are no more than 1,500 to 2,000 fighters," he said. 
"This is a large number, but the terrain is in the interest of the Iraqi forces. It resembles the Saray area of ​​Tel Afar, the old city of Mosul, where Iraqi forces have been forced to walk on narrow streets, and the rest of Tal Afar can be moved with tanks and armor," he said. 
Jubouri said Iraqi forces were expected to face bombings, snipers and mines. He added that although terrorists were trapped, there were no signs of diminishing stockpiles of ammunition. 
He added that many Turkmans who are members of the district of Tal Afar were able to escape among the displaced civilians and fled to Turkey, where they can merge among the population without notice. 
Jabouri believes many of the remaining terrorists are from Turkey, the former Soviet republics and Southeast Asia and are trapped after Iraqi forces cut off all roads between Mosul and Tal Afar this year. 
Kurdish forces besieged the city from the north while the popular crowd was besieged from the south, leading to shortages of food and water. 
"All that remains is to receive orders from Prime Minister Haider al-Abadi to carry out the attack, perhaps within days, a week or two," Jubouri said. 
The next battle to reclaim Tal Afar carries echoes of the past. When the United States reduced its troop presence in northern Iraq after the invasion, terrorists seized the opportunity and captured most of Tal Afar in 2005. 
Jabouri, who was then mayor of Tal Afar, hid a 16th-century Ottoman castle that dominated the city from a hilltop in the city center as Iraqi forces and US troops led by Colonel HR McMaster defeated the fighters.Stability in the city was achieved and McMaster's approach was seen as a blueprint for a successful strategy to tackle the fighters. But in the years that followed, Tal Afar plunged into sectarian violence again and the terrorists gained a foothold again. 
Jubouri said he met with McMaster, who is currently US national security adviser about a month ago, and they discussed Tal Afar, adding that the situation was different compared to the previous battle in the future battle. 
He said he was advocating a bigger enemy than al-Qaeda, but Iraqi forces had gained experience in the three years in which he fought. 
It seems that the American role is less clear this time, but the historical castle no longer exists because it is called a blanket.
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ARTICLE 7

Ministry of Communications is "a significant shift in the quality of services"

2017/7/31 12:08

[Ayna-Baghdad]
The Ministry of Communications promised a "significant shift in the quality of services" provided in the telecommunications sector in Iraq.
"The telecommunications sector will witness a significant shift in the quality of the services that will be provided by the ministry after the completion of the work on the completion of the project," said a statement from the Ministry of Communications. The only remaining stage of operation and marketing after the completion of the procedures of contracting with any of the companies that are competent and specialized in the field of communications and information technology.
Al-Asadi added, "It will be a special directorate of the FTTH project and will be responsible for the maintenance of the optical cable, with engineering and technical staff from the Ministry of Communications staff."
"The external network has been fully completed in six areas on both sides of Karkh and Rusafa, with a capacity of 150,000 subscribers and ready to provide the best services to the citizens,
The Ministry of Telecommunications announced on Sunday the launch of the national project of the Internet in order to improve the quality of this service in Iraq in cooperation with the companies [Earth Link and Symphony].
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ARTICLE 8

Egyptian wins the title of King of the World of 2017


MANILA-IRAQ PRESS-July 30: Egyptian youngster Mostafa Galal Al-Azali won the 2017 World King of the World title during a competition in the Philippines with 27 contestants.
Mustafa, a 26-year-old graduate of Alexandria University, was able to beat scores of competitors who came to the Philippine city of Pasay to win the title.
The second place was for the Vietnamese Nguyen Ho Long, while Waseem Suhayun won the third place.
"Thanks to the Philippines for making my dream come true," he said on his official Facebook page, "I won this title thanks to the continued support of my friends and companions.
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