Word on the Street Sunday 11/5/17:
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Abadi raises the Iraqi flag over the port of Husaybah border
05-11-2017 02:52 PM
Prime Minister of the Armed Forces, Dr. Haider al-Abadi, raises the Iraqi flag over the border crossing of Husaybah
Kurdistan demands Baghdad not to approve the draft budget for 2018
Baghdad / SNG
The Kurdistan Regional Government Presidency on Sunday called on the federal government not to approve the draft law of the 2018 general budget as currently drafted, noting that the draft was prepared unilaterally and "without the participation of the region and the adoption of the principles of the Constitution."
"We call upon the Iraqi Council of Ministers not to approve the draft budget bill for 2018 during today's meeting of the Council," the provincial government presidency said in a statement received by SNG.
She added that "the draft law was prepared by the Iraqi Ministry of Finance without the participation of the Kurdistan region," considering it "contrary to federal law and financial management and the Constitution, which emphasizes the guarantee of fair participation of the Kurdistan region in federal institutions."
She added that "the draft law was prepared by the Iraqi Ministry of Finance without the participation of the Kurdistan region," considering it "contrary to federal law and financial management and the Constitution, which emphasizes the guarantee of fair participation of the Kurdistan region in federal institutions."
The provincial government considered "reducing the budget of the Kurdistan region from 17% to 12.67% contrary to the Constitution, which emphasizes the guarantee of a fair share of the federal resources of the region according to the population," noting that "because of the lack of statistical population was agreed to set 17% of the budget during The past years, although it has not actually happened. "
The regional government called on the Federal Council of Ministers to "allow for dialogue with the Kurdistan Regional Government to participate in the reformulation of the draft federal budget law in accordance with the Constitution and the principles of partnership and coexistence and ensure justice for the share of Kurdistan from the public budget, considering reducing a large proportion of the share of the province collective punishment of the citizens of Kurdistan."
The Secretariat of the Council of Ministers described, Friday (November 3, 2017), the circulating media in the financial budget for 2018 as "inaccurate and incorrect", while confirming that the budget "is still in the discussion."
Jubouri calls on the international community to continue to support Iraq militarily and politically
Political
From 2017-11-05 at 12:56 (Baghdad time)
Baghdad Mawazine News
Speaker of the House of Representatives Salim Jubouri, on Sunday, the international community to continue to support Iraq in the military and humanitarian fields, stressing the importance of dialogue in resolving the differences between Baghdad and Erbil.
"The Speaker of the House of Representatives Salim al-Jubouri received today, the British Ambassador to Iraq, Frank Baker, on the occasion of the end of his duties in Iraq," the Information Office of al-Jabouri said in a statement received by Mawazine News.
The office added that "Jubouri appreciated the role of the British ambassador in strengthening the bonds of friendship between the two countries and the development of bilateral relations in a way that achieved significant and real cooperation at all levels."
He added that the meeting discussed the latest developments on the security and political levels and ways of continuing cooperation between Iraq and the international coalition to pursue terrorist gangs and curb their spread in the region and the world. The Iraqi army has also won large and rapid victories in western Anbar areas, "He said.
He pointed out that "the two sides agreed on the importance of dialogue at this stage to end all differences, especially the crisis between the government of the Center and the region, and the need to consolidate factors of security and political stability and the return of displaced people to their homes."
For his part, stressed Jubouri, "The international community to continue to support Iraq in the military and humanitarian so as to be able to overcome the crises and his role in the elimination of the most dangerous terrorist organizations in the modern era."
He explained that "the meeting also dealt with the file of disputed areas and the measures taken by the State to extend its influence on these areas, as well as the file of the upcoming parliamentary elections."
60 thousand unemployed in Fallujah
Anbar - Journal News
The director of the Department of Employment and Loans in Fallujah, Anbar province, "Yarub Talib Salem," on Sunday, the presence of 60,000 unemployed men and graduates of women and men in the city of Fallujah.
"The number of unemployed young men and women, men and professionals who do not have an opportunity to work is 60,000 unemployed among the unemployed," Salem told the Journal News.
He added that "865 unemployed workers benefit from loans granted by the Ministry of Labor grant up to 10 million dinars per beneficiary within the controls and instructions, not including the largest number of unemployed with loans and financial grants."
Salem pointed out that "the proportion of unemployed is large in the city of Fallujah, which requires the support of the government and international organizations of the United Nations to provide jobs for professionals and graduates of different categories with the provision of financial grants and the opening of industrial projects sufficient for this large segment of the community Annabari.
The director of the Department of Employment and Loans in Fallujah, Anbar province, "Yarub Talib Salem," on Sunday, the presence of 60,000 unemployed men and graduates of women and men in the city of Fallujah.
"The number of unemployed young men and women, men and professionals who do not have an opportunity to work is 60,000 unemployed among the unemployed," Salem told the Journal News.
He added that "865 unemployed workers benefit from loans granted by the Ministry of Labor grant up to 10 million dinars per beneficiary within the controls and instructions, not including the largest number of unemployed with loans and financial grants."
Salem pointed out that "the proportion of unemployed is large in the city of Fallujah, which requires the support of the government and international organizations of the United Nations to provide jobs for professionals and graduates of different categories with the provision of financial grants and the opening of industrial projects sufficient for this large segment of the community Annabari.
Dozens of employees demonstrate in Halabja to demand their salaries
Local
Since 2017-11-05 at 13:26 (Baghdad time)
Baghdad Mawazine News
Dozens of employees demonstrated in Halabja, on Sunday, to demand their salaries and accounting for the defaulters.
The reporter / Mawazin News, "The dozens of employees demonstrated, today, in Halabja, to demand the payment of salaries and accountability of the defaulters and corrupt."
The correspondent added that "the demonstrators demanded the release of their salaries, which were made by the government of the Territory under the pretext of the law of compulsory savings, and called for the accountability of Massoud Barzani being responsible for issuing decisions unfair to them.
The correspondent pointed out, "the deployment of security forces near the demonstration in anticipation of any breach or clash between the parties."
Iraqi Foreign Ministry granted the features of entry to the most two million Iranian visitors
TEHRAN, November 5 (Itar-Tass)
The Iraqi Foreign Ministry announced on Saturday the granting of access to Iraqi territory to more than two million and two hundred thousand Iranian visitors, expected to reach the number of Iranian visitors this year to three millionOur embassy, consulates and 16 offices operating in the Islamic Republic of Iran continue to grant entry visas to Iraqi territory for the purpose of the fortieth visit," said ministry spokesman Ahmad Mahjoub in a statement. "Yesterday, two million two hundred and thirty thousand entry visas were received, Other Islamic countries'.
"The work is still at an increasing pace, and is expected to increase the number of Iranian visitors this year from the previous year, which amounted to two million and eighty thousand visitors to three million visitors, knowing that Iraq gets $ 40 for each visa.
He continued that 'this effort carried out by the Iraqi consulates, especially deployed in Iran is exceptional and unprecedented in the consular work at the level of the world in terms of quantity, speed and flow, and the Ministry of Foreign Affairs with the Iraqi authorities concerned the flow of visitors in Iraq to ensure the necessary protection and ensure the success The four-day visit. '
Finished
The Iraqi Foreign Ministry announced on Saturday the granting of access to Iraqi territory to more than two million and two hundred thousand Iranian visitors, expected to reach the number of Iranian visitors this year to three millionOur embassy, consulates and 16 offices operating in the Islamic Republic of Iran continue to grant entry visas to Iraqi territory for the purpose of the fortieth visit," said ministry spokesman Ahmad Mahjoub in a statement. "Yesterday, two million two hundred and thirty thousand entry visas were received, Other Islamic countries'.
"The work is still at an increasing pace, and is expected to increase the number of Iranian visitors this year from the previous year, which amounted to two million and eighty thousand visitors to three million visitors, knowing that Iraq gets $ 40 for each visa.
He continued that 'this effort carried out by the Iraqi consulates, especially deployed in Iran is exceptional and unprecedented in the consular work at the level of the world in terms of quantity, speed and flow, and the Ministry of Foreign Affairs with the Iraqi authorities concerned the flow of visitors in Iraq to ensure the necessary protection and ensure the success The four-day visit. '
Finished
Salah al-Din: Disruption of the three-day time in the occasion of the forty
Editorial date: 2017/11/4 2:54 • 56 times read
(Baghdad: Euphrates News) announced the Governor of Salah al-Din Ahmed Jubouri disable the presence in the province for three days on the occasion of the forty-Imam Hussein (p) except the service and security circles.
A statement issued by his office received the agency {Euphrates News} a copy of the holiday "for all departments, except security and service throughout the province and for three days from Tuesday, Wednesday and Thursday, which falls on 7, 8 and 9 of this month, and on Sunday and the next Monday in the regions of And Dujail "for those who have an acceptable excuse, on the occasion of the forty Imam Hussein peace be upon him."
The statement pointed out that "excludes from the holiday above cadres and students in the city of (Tuzhermato) postponed their ministerial examinations with the province of Kirkuk because they are ministerial examinations."
He stressed that "the disruption of the official time comes to maximize the visit of the millions witnessed in the cities of Karbala, Najaf, Samarra and Kadhimiya sanctities on the occasion of the 40th anniversary of Imam Hussein, peace be upon him and the occasion of this occasion of great historical and Islamic heritage."
The governor of Salahaddin called on the security services to take their role in maintaining security and order and to respond to all terrorist and criminal schemes and the success of all plans to improve the security situation. He said that at the same time employees of all services departments to provide the best services to citizens and work in a team spirit, .is over
The statement pointed out that "excludes from the holiday above cadres and students in the city of (Tuzhermato) postponed their ministerial examinations with the province of Kirkuk because they are ministerial examinations."
He stressed that "the disruption of the official time comes to maximize the visit of the millions witnessed in the cities of Karbala, Najaf, Samarra and Kadhimiya sanctities on the occasion of the 40th anniversary of Imam Hussein, peace be upon him and the occasion of this occasion of great historical and Islamic heritage."
The governor of Salahaddin called on the security services to take their role in maintaining security and order and to respond to all terrorist and criminal schemes and the success of all plans to improve the security situation. He said that at the same time employees of all services departments to provide the best services to citizens and work in a team spirit, .is over
Kauaihn Iraq Articles: d
“High inflation rates had their impact and even if we managed to keep the foreign exchange rates low, it was realized through oil revenues,” Pedram Soltani was also quoted as saying by ISNA.
The exchange rate for the US dollar, the most widely-traded foreign currency in the Iranian market, currently hovers above 40,000 rials–a rate previously considered unusual.
Soltani noted that Iran sells raw materials and an increase in currency rates would not be beneficial for exports, as the country’s production sector is currently challenged by unhealthy competition and smuggling.
“Therefore, even if a balance in currency rates does not have a significant impact on exports, it would work in our favor in terms of imports and [in countering] contraband and help local manufacturers that only produce commodities required by the domestic market,” he said.
Call for Accepting Rising Forex Rates
I ranian people, businessmen and policymakers must accept the rise in foreign exchange rates because the country’s inflation rate has been higher than the global average as well as the rate in trading companies in recent years, the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
The exchange rate for the US dollar, the most widely-traded foreign currency in the Iranian market, currently hovers above 40,000 rials–a rate previously considered unusual.
Soltani noted that Iran sells raw materials and an increase in currency rates would not be beneficial for exports, as the country’s production sector is currently challenged by unhealthy competition and smuggling.
“Therefore, even if a balance in currency rates does not have a significant impact on exports, it would work in our favor in terms of imports and [in countering] contraband and help local manufacturers that only produce commodities required by the domestic market,” he said.
Sunday, November 05, 2017
Op-Ed: Framework of Iranian Banks’ Corporate Governance
The corporate governance structure comprises an administration and control system founded on the existence of an administrative body and the board of auditors
A s the Iranian banks move to connect to their international peers, some fundamental structural reviews are called for in order to strengthen their corporate governance and realign their organizational structure to ensure they are in line with the latest global standards.
As with any organization, a complete delineation and segregation of duties are essential to its sound operation. This principle becomes even more important in the case of banks and financial institutions. The soundness and safety of banks are essential to its stability and central to its economic health.
Global banks have an established organizational structure with set departments and a known function. The roles and responsibility of each department are clearly defined and established. Furthermore, they are characterized by a strong corporate governance framework.
The corporate governance structure comprises an administration and control system founded on the existence of an administrative body (the board of directors) and the board of auditors. Corporate governance determines the allocation of authority and responsibilities by which the business and affairs of a bank are carried out by its board and senior management. Design, implementation and operation of a sound internal control system are a vital component of a strong corporate governance culture.
Typically, a bank's organizational structure consists of the following distinct departments with their own unique functions and responsibilities:
Board of Directors: The board has overall responsibility for the bank, including approving and overseeing the implementation of the bank’s strategic objectives, governance framework and corporate culture. The board is also responsible for the oversight of senior management.
It has the ultimate responsibility for the bank’s business strategy and financial soundness, key personnel decisions, internal organization and governance structure and practices, as well as risk management and compliance obligations.
The board should ensure that the bank’s organizational structure enables the board and senior management to carry out their responsibilities and facilitate effective decision-making and good governance. In order to meet and achieve these goals and expectations, it is imperative that the board members are experienced, competent and possess the required know-how.
Treasury Department: The Treasury Department is responsible for managing funds and liquidity of the bank, its balance sheet and capital position.
Different Lines of Business (LOBs): These include retail banking, corporate banking, high net worth/ private banking and residential mortgages.
Each of these LOBs obtains funding from the Treasury Department based on the prevailing transfer pricing model and operates in their predefined market and client sector.
Risk Management: Banks should have an effective and independent risk management function, under the direction of a chief risk officer, with sufficient authority, independence, resources and access to the board. The independent risk management function is a key component of the bank’s second line of defense.
Compliance Department: The bank’s board of directors is responsible for overseeing the management of the bank’s compliance risk. The board should approve the bank’s compliance approach and policies, including the establishment of a permanent compliance function.
Internal Audit: The internal audit function provides independent assurance to the board and supports board and senior management in promoting an effective governance process and the long-term soundness of the bank.
Operations Department: The Operations Department is responsible for supporting the bank's clients across the various lines of business, including client onboarding, settling transactions, confirmations, payments and reconciliations.
Finance Department: The Finance Department is responsible for the integrity and soundness of the bank’s books and records, and tasked with producing the bank’s financial statements.
Information Technology: The Information Technology Department is charged with establishing, monitoring and maintaining information technology systems and services across the bank. The department is in charge of providing, maintaining and upgrading technology platforms for the various business activities of the bank.
Credit Department: The Credit Department has a major role in the banking system, as lending is one of the key activities of the bank and involves credit risks and potential losses. The department’s key role is to identify, assess and manage the credit risk inherent in all transactions.
Legal Department: The Legal Department's key role is to provide counsel and legal advice that supports the firm's activities and protects its franchise.
Human Resources: The Human Resources Department provides advice and insight to attract, retain, reward and develop a talented workforce, giving employees the support and tools they need to succeed.
In summary, effective and strong corporate governance and proper organizational structure of the banks are vital to their satisfactory functioning and accountability to their shareholders, clients and market participants.
The Central Bank of Iran notified Basel III principles on corporate governance to Iranian private banks and credit institutions in May, as part of the regulator's mandate to incorporate global standards. It is hoped that the regulator will further push the implementation of corporate governance and organizational structure in Iranian banks.
As with any organization, a complete delineation and segregation of duties are essential to its sound operation. This principle becomes even more important in the case of banks and financial institutions. The soundness and safety of banks are essential to its stability and central to its economic health.
Global banks have an established organizational structure with set departments and a known function. The roles and responsibility of each department are clearly defined and established. Furthermore, they are characterized by a strong corporate governance framework.
The corporate governance structure comprises an administration and control system founded on the existence of an administrative body (the board of directors) and the board of auditors. Corporate governance determines the allocation of authority and responsibilities by which the business and affairs of a bank are carried out by its board and senior management. Design, implementation and operation of a sound internal control system are a vital component of a strong corporate governance culture.
Typically, a bank's organizational structure consists of the following distinct departments with their own unique functions and responsibilities:
Board of Directors: The board has overall responsibility for the bank, including approving and overseeing the implementation of the bank’s strategic objectives, governance framework and corporate culture. The board is also responsible for the oversight of senior management.
It has the ultimate responsibility for the bank’s business strategy and financial soundness, key personnel decisions, internal organization and governance structure and practices, as well as risk management and compliance obligations.
The board should ensure that the bank’s organizational structure enables the board and senior management to carry out their responsibilities and facilitate effective decision-making and good governance. In order to meet and achieve these goals and expectations, it is imperative that the board members are experienced, competent and possess the required know-how.
Treasury Department: The Treasury Department is responsible for managing funds and liquidity of the bank, its balance sheet and capital position.
Different Lines of Business (LOBs): These include retail banking, corporate banking, high net worth/ private banking and residential mortgages.
Each of these LOBs obtains funding from the Treasury Department based on the prevailing transfer pricing model and operates in their predefined market and client sector.
Risk Management: Banks should have an effective and independent risk management function, under the direction of a chief risk officer, with sufficient authority, independence, resources and access to the board. The independent risk management function is a key component of the bank’s second line of defense.
Compliance Department: The bank’s board of directors is responsible for overseeing the management of the bank’s compliance risk. The board should approve the bank’s compliance approach and policies, including the establishment of a permanent compliance function.
Internal Audit: The internal audit function provides independent assurance to the board and supports board and senior management in promoting an effective governance process and the long-term soundness of the bank.
Operations Department: The Operations Department is responsible for supporting the bank's clients across the various lines of business, including client onboarding, settling transactions, confirmations, payments and reconciliations.
Finance Department: The Finance Department is responsible for the integrity and soundness of the bank’s books and records, and tasked with producing the bank’s financial statements.
Information Technology: The Information Technology Department is charged with establishing, monitoring and maintaining information technology systems and services across the bank. The department is in charge of providing, maintaining and upgrading technology platforms for the various business activities of the bank.
Credit Department: The Credit Department has a major role in the banking system, as lending is one of the key activities of the bank and involves credit risks and potential losses. The department’s key role is to identify, assess and manage the credit risk inherent in all transactions.
Legal Department: The Legal Department's key role is to provide counsel and legal advice that supports the firm's activities and protects its franchise.
Human Resources: The Human Resources Department provides advice and insight to attract, retain, reward and develop a talented workforce, giving employees the support and tools they need to succeed.
In summary, effective and strong corporate governance and proper organizational structure of the banks are vital to their satisfactory functioning and accountability to their shareholders, clients and market participants.
The Central Bank of Iran notified Basel III principles on corporate governance to Iranian private banks and credit institutions in May, as part of the regulator's mandate to incorporate global standards. It is hoped that the regulator will further push the implementation of corporate governance and organizational structure in Iranian banks.
Iran Launches Forex ETS
https://financialtribune.com/
Saturday, November 04, 2017
T he Iranian banking system has established an online gateway that enables members of its interbank foreign exchange market to trade foreign currencies with higher speed and stability.
According to the Central Bank of Iran’s official website, members of the interbank market can engage in forex deals via “Electronic Trade System” or “Internal Reuters” among themselves or with CBI during their working hours.
The project for establishing the online gateway was launched in September 2016 at CBI and after about a year, the system was launched on Oct. 29, in the presence of member banks’ representatives and foreign exchange dealers.
The project is in line with the country’s monetary and banking regulations, as Iran has been trying to establish a managed floating system to unify the rates of foreign currencies.
This is while as per the general policy of conducting foreign exchange transactions through the banking system rather than exchange shops and stabilizing the market, CBI has allowed banks to purchase the hard currency of exporters at open market rates.
In its latest directive, CBI also allowed banks to sell travel currency at open market rates while earlier, banks were offering foreign currency with a cap of $300 to travelers at official rates that were a few hundred rials lower for each dollar compared to the open market rates.
After the online interbank forex trade system went on stream, banks are able to stabilize their net open position by buying and selling foreign currencies via ETS.
Boosting the interbank forex market, raising the speed of deals and their settlement process, improving the management of banking system’s forex assets and liabilities, upgrading forex liquidity management in banks and offering better finance deals to projects and non-oil exporters from the interbank market are other benefits enumerated by CBI.
Saturday, November 04, 2017
T he Iranian banking system has established an online gateway that enables members of its interbank foreign exchange market to trade foreign currencies with higher speed and stability.
According to the Central Bank of Iran’s official website, members of the interbank market can engage in forex deals via “Electronic Trade System” or “Internal Reuters” among themselves or with CBI during their working hours.
The project for establishing the online gateway was launched in September 2016 at CBI and after about a year, the system was launched on Oct. 29, in the presence of member banks’ representatives and foreign exchange dealers.
The project is in line with the country’s monetary and banking regulations, as Iran has been trying to establish a managed floating system to unify the rates of foreign currencies.
This is while as per the general policy of conducting foreign exchange transactions through the banking system rather than exchange shops and stabilizing the market, CBI has allowed banks to purchase the hard currency of exporters at open market rates.
In its latest directive, CBI also allowed banks to sell travel currency at open market rates while earlier, banks were offering foreign currency with a cap of $300 to travelers at official rates that were a few hundred rials lower for each dollar compared to the open market rates.
After the online interbank forex trade system went on stream, banks are able to stabilize their net open position by buying and selling foreign currencies via ETS.
Boosting the interbank forex market, raising the speed of deals and their settlement process, improving the management of banking system’s forex assets and liabilities, upgrading forex liquidity management in banks and offering better finance deals to projects and non-oil exporters from the interbank market are other benefits enumerated by CBI.
Iraqi-Jordan oil pipeline for final bidding soon
Baghdad/ Iraq TradeLink: Iraqi Oil Marketing Company (SOMO) announced that the Iraqi-Jordanian
oil pipeline to Aqaba port will be for final bidding soon, pointing that the Iraqi-Saudi pipeline is “old and cannot be used”.
The sources added that the Jordanian part was determined to be given for a company for implementation.
No name was given for the Jordanian side.
The length of the Iraqi-Jordanian pipeline will be 1700 kilometers with a cost of about 18 billion dollars.
The capacity of the pipeline will reach to one million b /d.
As for the Saudi oil pipeline, the company added that it needed great sum of money for rehabilitation and new agreements between Iraq and Saudi Arabia ..
http://translate.
KUT, Nov. 5 2017 Ian's ambassador to Baghdad, Iraj Musjadi, said that Iran, just as it supported Iraq in the war against Da'ash and the terrorists, would cooperate with him in the process of reconstruction and reconstruction to the fullest extent.
We are pleased to inaugurate this clinic, which provides various types of medical services free of charge to the people of Kut and visitors," the ambassador of the Islamic Republic News Agency (IRNA) said.
He described cooperation between Iran and Iraq in various economic, cultural and defense fields as good, stressing that such cooperation would be strengthened.
The Iranian ambassador thanked the Iranian visitors for their hospitality and said that it is expected that the number of visitors (Iranians) to participate in the march of 40 million 3 million visitors.
"We have made the necessary arrangements so that no one can enter without a visa," he said. "There has been no illegal entry so far."
The Iranian ambassador in Baghdad said that during his inspection visit with the Iraqi Interior Minister Saturday to the borders of Mehran and Zurbatia, all employees and those concerned expressed their satisfaction with the pace of things.
Finished
He described cooperation between Iran and Iraq in various economic, cultural and defense fields as good, stressing that such cooperation would be strengthened.
The Iranian ambassador thanked the Iranian visitors for their hospitality and said that it is expected that the number of visitors (Iranians) to participate in the march of 40 million 3 million visitors.
"We have made the necessary arrangements so that no one can enter without a visa," he said. "There has been no illegal entry so far."
The Iranian ambassador in Baghdad said that during his inspection visit with the Iraqi Interior Minister Saturday to the borders of Mehran and Zurbatia, all employees and those concerned expressed their satisfaction with the pace of things.
Finished
Turkey bombard postitions of PKK in northern Iraq
Turkish fighters bombed the positions of the PKK and the warehouses and bunkers of the PKK organization in northern Iraq.
According to a statement issued by the Turkish Chief of Staff, "the raids targeted positions of the Workers Party in the areas of ASEAN, Afashin, and Hackork."
The aerial bombardment resulted in the destruction of weapons sites, ammunition depots and BK Ka's shelters.
This comes in response to attacks carried out by separatist elements within the country from time to time, against civilians and elements of Turkish security
d
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Gold settles at a nearly three-month lowMarketWatch
Gold settle at its lowest level in almost three months Friday, as the U.S. dollar finds support from a rise in the ISM services to a 12-year high in October, pulling prices down for the week. Read the full story
Oil prices rally on signs of output slowdown to mark a more than 2-year highMarketWatch
Oil prices again rallied to their highest levels in more than two years on Friday, as a weekly drop in active U.S. oil rigs fed expectations for a slowdown in domestic crude output growth. The data come on the heels of last week's declines in U.S. crude and crude products and expectations that the Organization of the Petroleum Exporting Countries will extend its output-cut deal beyond March 2018 continued to support prices. December West Texas Intermediate crude , the U.S. benchmark, added $1.10 Read the full story
GLOBAL/ NEWS/INFO
This North Carolina woman just won the lottery twice, in one day
Kimberly Morris of Wake Forest, North Carolina won $10,000 — and then she won $1 million.
Read more: https://www.cnbc.com/2017/11/
How to Invest in Real Estate If You Have Bad CreditMy San Antonio
It seems like every time you turn on the television, there's a new home improvement show dedicated to flipping houses and making bank—a popular way to invest in real estate. Investing in real estate and turning it for a profit might be tempting. But if your credit score is below 601—the number the credit bureaus mark as the dividing line between “fair” and “bad” credit—you might have a tough time finding funding. Read the full story
It’s Safe to Buy Real Estate with a Self-Directed IRA
Investment Properties Mexico
Investment Properties Mexico
4 People You Shouldn't Take Financial Advice From
Rewire
(This article appeared originally on NextAvenue.org.) It’s shocking how many people act as though they’re experts in areas that require a substantial amount of education and experience. We all have the know-it-all relative who can diagnose any illness. Or the family friend who instantly identifies the source of the rattling noise in your car. And who.... Read the full story
The Richest Royal in the World May Surprise You: It's Not Queen Elizabeth
The Cheat Sheet
The Cheat Sheet
When we think of wealthy royals, Queen Elizabeth II, princes William and Harry, and Duchess Kate Middleton come to mind. However, you may be surprised to know that the queen mum and her family do not even make the list of the world’s top 10 wealthiest royals. Queen Elizabeth II is estimated to be the 13th richest royal. She has a net worth of $425 million, according to Fortune. Who are these rich royals, then? Let’s take a look from the 10th richest to the top richest in the world. 10. Albert II Read the full story
OIL / COMMODITIES / ENERGY
Gold settles at a nearly three-month lowMarketWatch
Gold settle at its lowest level in almost three months Friday, as the U.S. dollar finds support from a rise in the ISM services to a 12-year high in October, pulling prices down for the week. Read the full story
Oil prices again rallied to their highest levels in more than two years on Friday, as a weekly drop in active U.S. oil rigs fed expectations for a slowdown in domestic crude output growth. The data come on the heels of last week's declines in U.S. crude and crude products and expectations that the Organization of the Petroleum Exporting Countries will extend its output-cut deal beyond March 2018 continued to support prices. December West Texas Intermediate crude , the U.S. benchmark, added $1.10 Read the full story
BANKS/BANKING
China's central bank chief urges Beijing to promote equity, cut debt, eliminate 'zombie' companies
China's central bank boss spelled out his strategy to prevent a future financial crisis.
San Francisco Chronicle
President Trump and Congress recently handed banks a major victory by repealing a rule that would have allowed consumers to sue banks in court. The Consumer Financial Protection Bureau had issued a rule this year that banned banks from forcing consumers into arbitration to settle disputes. Since arbitration is ordinarily more friendly to businesses, the banking industry is quite happy about Congress scrapping the rule, which Trump signed into law Wednesday. But you probably won’t hear much Read the full story
Guess who’s paying the most in checking account fees…
Clark Howard
U.S. consumers with household income of $30,000 and less a year pay an average of $31 a month in checking account fees — more than three times what Americans in other income levels pay, according to a recent financial study. The survey, commissioned by Money and Bankrate.com, shows that people in other income brackets paid an average of $9 per month in fees ranging from overdraft to ATM charges. The reasons for the disparity could be numerous, from people in lower-income brackets not being Read the full story
Daily Mail
Six UK banks, including the Government's own savings provider National Savings & Investments, have failed to pass on this week's rise in interest rates to their savers. Read the full story
HITC
Wells Fargo added $1 billion in the third quarter to what it says the bank may face in possible legal expenses. Read the full story
TREASURIES/ BONDS/ STOCKS
Nasdaq, S&P 500 and Dow close at record highs as Apple and Qualcomm rally
U.S. equities closed at record highs on Friday on the back of a sharp rally in Apple shares.
Read more: https://www.cnbc.com/2017/11/
U.S. equities closed at record highs on Friday on the back of a sharp rally in Apple shares.
Read more: https://www.cnbc.com/2017/11/
Dow, S&P Log Longest Weekly Win Streaks Since 2013
Schaeffer's Investment Research
Nasdaq, Dow, S&P 500 Close at Record Highs, Qualcomm Spikes 12%Investing.com
Stock Markets Nov 03, 2017 20:06 GMT Investing.com – U.S. stocks closed at record highs led by a surge in tech stocks after Apple reported quarterly earnings that topped expectations while upbeat services and orders data offset a soft October jobs report. The Dow Jones Industrial Average closed higher at 23,525.97. The S&P 500 closed 0.27% higher while the Nasdaq Composite closed at 6764.44, up 0.74%. The tech-heavy Nasdaq closed at record highs after shares of Apple Inc (NASDAQ:AAPL) rose 2% Read the full story
Afraid of the Stock Market? You Aren't Alone.
The Motley Fool
Just over half of Americans own stocks. Here’s why the other half is wrong. Read the full story
Schaeffer's Investment Research
The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each closed at record highs today, with the Dow and S&P ending higher for an eighth straight week -- their longest weekly win streaks since 2013 -- and the IXIC making it six in a row. A post-earnings rally from Apple (AAPL) and an M&A-related surge for Qualcomm (QCOM) helped propel stocks higher and offset October's mixed jobs data. Traders also cheered strong data from the ISM non-manufacturing index and Read the full story
Stock Markets Nov 03, 2017 20:06 GMT Investing.com – U.S. stocks closed at record highs led by a surge in tech stocks after Apple reported quarterly earnings that topped expectations while upbeat services and orders data offset a soft October jobs report. The Dow Jones Industrial Average closed higher at 23,525.97. The S&P 500 closed 0.27% higher while the Nasdaq Composite closed at 6764.44, up 0.74%. The tech-heavy Nasdaq closed at record highs after shares of Apple Inc (NASDAQ:AAPL) rose 2% Read the full story
The Motley Fool
Just over half of Americans own stocks. Here’s why the other half is wrong. Read the full story
30-year bond yield posts biggest weekly drop since July 2016
MarketWatch
U.S. Treasury yields inched lower, but stayed in a tight range, on Friday after the employment report revealed sluggish wage growth but a rebound in new jobs Read the full story
INSURANCE/HEALTH
MarketWatch
U.S. Treasury yields inched lower, but stayed in a tight range, on Friday after the employment report revealed sluggish wage growth but a rebound in new jobs Read the full story
INSURANCE/HEALTH
Defeat of no fault auto insurance overhaul doesn’t end the debate over high rates
Insurance News
Nov. 04 -- LANSING -- A proposal to overhaul Michigan's no fault auto insurance system may have been delivered a death blow in the state House of Representatives , but it certainly won't be the end of the discussion. Lawmakers and Detroit Mayor Mike Duggan , who pushed the proposal hard, are saying they'll be back with more proposals next year that will deliver insurance rate reductions to Michigan drivers. "We'll come back next year and the year after that and try again until we get rate cuts Read the full story
The medical expense deduction, explained
Vox
House Republicans’ tax bill takes aim at a small program that lets people deduct exceptionally high medical expenses. Read the full story
Rep. Higgins Issues Statement on Children’s Health Insurance Program
Insurance News
WASHINGTON , Nov. 4 -- Rep. Clay Higgins , R- La. , issued the following statement after the House passed the Championing Healthy Kids Act (H.R. 3922) that extends funding for the Children's Health Insurance Program (CHIP) for five years. The bill also extends funding for Federally Qualified Health Centers and other public health programs for two years. "Both the Children's Health Insurance Program and community health centers provide health services to low-income and under-served populations. " Read the full story
Republican tax plan to get rid of medical expense deduction, used by older, disabled and sick Americans
MarketWatch
“Now, if your kid needs treatment that costs you $40,000, the government isn’t sharing that risk with you.” Read the full story
Insurance News
Nov. 04 -- LANSING -- A proposal to overhaul Michigan's no fault auto insurance system may have been delivered a death blow in the state House of Representatives , but it certainly won't be the end of the discussion. Lawmakers and Detroit Mayor Mike Duggan , who pushed the proposal hard, are saying they'll be back with more proposals next year that will deliver insurance rate reductions to Michigan drivers. "We'll come back next year and the year after that and try again until we get rate cuts Read the full story
Vox
House Republicans’ tax bill takes aim at a small program that lets people deduct exceptionally high medical expenses. Read the full story
Insurance News
WASHINGTON , Nov. 4 -- Rep. Clay Higgins , R- La. , issued the following statement after the House passed the Championing Healthy Kids Act (H.R. 3922) that extends funding for the Children's Health Insurance Program (CHIP) for five years. The bill also extends funding for Federally Qualified Health Centers and other public health programs for two years. "Both the Children's Health Insurance Program and community health centers provide health services to low-income and under-served populations. " Read the full story
MarketWatch
“Now, if your kid needs treatment that costs you $40,000, the government isn’t sharing that risk with you.” Read the full story
CURRENCIES
Investors have poured $3.2B into bitcoin-like currency
New York Post
Wall Street has a new toy — and regulators are warning that some pieces of the popular product can cause your portfolio to choke. The toy is called an Initial Coin Offering, a specialized bitcoin-like currency that has attracted $3.2 billion of investor cash this year — four times the amount raised in 2016. Many ICO investors are drawn to the chance their coin will post bitcoin-like gains. Bitcoin’s value has increased tenfold, to $7,117, in the last 12 months. In addition to investor cash, ICOs Read the full story
Euphoria is creeping into the market, and that’s giving me déjà vu: Trader
CNBC
Signs of euphoria are creeping into the market, and that's giving one trader déjà vu. Read the full story
Forex- Dollar Rallies After U.S. Services, Manufacturing DataInvesting.comCNBC
Signs of euphoria are creeping into the market, and that's giving one trader déjà vu. Read the full story
© Reuters. The dollar rallied after strong economic data. Read the full story
USA
Trump says he's unsure if Tillerson will remain secretary of State
President told Laura Ingraham he was unsure whether Tillerson would stay out of the term on Thursday.
Read more: https://www.cnbc.com/2017/11/
The Social Security Administration Just Topped $1 Trillion in Spending for the First Time Ever
The Motley Fool
Outlays for the Old-Age, Survivor, and Disability Insurance Trust could grow by 64% over the next decade. Read the full story
The GOP tax plan will make filing taxes (only slightly) easierThe Motley Fool
Outlays for the Old-Age, Survivor, and Disability Insurance Trust could grow by 64% over the next decade. Read the full story
MarketWatch
H&R Block and TurboTax say they aren’t worried. Read the full story
The Motley Fool
Planning to spend a bundle this season? Here's how to benefit from it. Read the full story
5 Retirement Saving Tips for Couples
The Motley Fool
When couples plan for retirement, they're best doing it as a team. Read the full story
The Motley Fool
When couples plan for retirement, they're best doing it as a team. Read the full story
EMERGING MARKETS
Venezuela to issue new currency worth VEF 100,000
Mubasher
Mubasher: Venezuela announced the issuance of a new currency worth VEF 100,000 in order to sustain financial stability, which equals $2.4 in the black market. The new currency aims to stabilise the monetary supply, said the Venezuelan president … Read the full story
Venezuela faces an uphill battle if it wants to restructure $120 billion in debt
CNBC
Nicolas Maduro announced plans to restructure Venezuela's massive foreign debt, an effort that will be led by Vice President Tareck El Aissami. Read the full story
IMF warns Venezuela over gaps in economic data, transparency
Reuters
The International Monetary Fund issued a warning to Venezuela on Friday for failing to provide the institution with economic data on time and gave it six months to address the lack of some statistics. Read the full story
Venezuela urges creditors to restructure debt | News | DW | 04.11.2017DW
Vice President Tareck El Aissami sought to reassure creditors and Venezuelans via television, saying Caracas had begun to pay out $1.2 million (1 million euros) to service debts of its state oil company PDVSA. The nation led by controversial President Nicolas Madura, which ran up massive debts before global oil prices slumped, is estimated to owe $120 billion despite sitting on massive oil reserves. Rating agency Standard and Poor's cut Venezuela's long-term foreign currency rating to "CC" on Read the full story
CNBC
Nicolas Maduro announced plans to restructure Venezuela's massive foreign debt, an effort that will be led by Vice President Tareck El Aissami. Read the full story
Reuters
The International Monetary Fund issued a warning to Venezuela on Friday for failing to provide the institution with economic data on time and gave it six months to address the lack of some statistics. Read the full story
Vice President Tareck El Aissami sought to reassure creditors and Venezuelans via television, saying Caracas had begun to pay out $1.2 million (1 million euros) to service debts of its state oil company PDVSA. The nation led by controversial President Nicolas Madura, which ran up massive debts before global oil prices slumped, is estimated to owe $120 billion despite sitting on massive oil reserves. Rating agency Standard and Poor's cut Venezuela's long-term foreign currency rating to "CC" on Read the full story
InsurTech in Emerging Markets: Will China Win? - Carrier Management
Carrier Management
Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular—may be poised to outpace U..S. and European counterparts developing InsurTech innovations. Unencumbered by legacy systems, technology innovators in emerging markets are often able to create new solutions faster, Willis Towers Watson suggests in its Quarterly InsurTech Briefing for the third-quarter 2017, published by the global advisory and brokerage firm in collaboration with CB Insights. The Read the full story
Some Puerto Rico residents still without power
CNN
CNN's Leyla Santiago investigates how many Puerto Ricans still have no power. Read the full story
Lack of flood insurance means Puerto Ricans got only $121,000 from FEMACarrier Management
Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular—may be poised to outpace U..S. and European counterparts developing InsurTech innovations. Unencumbered by legacy systems, technology innovators in emerging markets are often able to create new solutions faster, Willis Towers Watson suggests in its Quarterly InsurTech Briefing for the third-quarter 2017, published by the global advisory and brokerage firm in collaboration with CB Insights. The Read the full story
CNN
CNN's Leyla Santiago investigates how many Puerto Ricans still have no power. Read the full story
MarketWatch
The reason, according to an Axios report, is that few people in Puerto Rico, which bore the brunt of Maria, even have flood insurance. Read the full story
Automotive Logistics
Attempts to simplify and reduce the bureaucracy that has been hampering Brazil’s ability to trade with other countries in South America seem to be working, with export demand helping to drive up production in the country, along with stronger domestic sales. According to the Ministry of Industry, Overseas Trade and Services, in August 2017, vehicles worth a combined $641.6m were exported from the country, an export record for the month. Figures from the National Association of Motor Vehicle Read the full story
Exploration and Production Magazine
Oil major Royal Dutch Shell won half the blocks awarded in Brazil’s deepwater oil auction Oct. 27, while rival BP took two blocks and ExxonMobil Corp. took one in a historic opening of the presalt play to foreign operators. Brazil awarded six of the eight blocks on offer in the auction for the rights to pump oil from the country’s coveted presalt region, where billions of barrels of oil are trapped below thousands of feet of salt in the country’s Atlantic waters. President Michel Temer said Read the full story
MIDDLE EAST
Saudi's Falih says more work needed to cut global oil inventory
Saudi oil minister Khalid al-Falih said that more work was needed to bring global oil inventories down.
Read more: https://www.cnbc.com/2017/11/
ISIS pushed from last major Iraqi stronghold
CNN
ISIS was pushed from Qaim on Friday, the terror group's last major stronghold in Iraq, according to the office of Prime Minister Haider al-Abadi. Read the full story
Clashes between Iraqi forces and IS along Syria border
ABC News
Syrian monitoring group and Iraqi official say clashes erupted on the Syrian-Iraqi borders between Islamic State militants and Iraqi Shiite fighters as the extremist group defends its last stronghold in the region Read the full story
Israel Suspends Construction of Underground Wall
Asharq Al-Awsat - English
A mourner reacts as Palestinian Islamic Jihad militants hold their weapons while taking part in the funeral of their comrade in the central Gaza Strip October 31, 2017. Israel has decided to maintain a state of emergency and suspend construction on the underground wall border with Gaza Strip, as the Islamic Jihad Movement in Palestine announced that five of its members were martyred and their bodies were still buried inside the tunnel. Israel is also promoting the "inevitability of a military Read the full story
CNN
ISIS was pushed from Qaim on Friday, the terror group's last major stronghold in Iraq, according to the office of Prime Minister Haider al-Abadi. Read the full story
ABC News
Syrian monitoring group and Iraqi official say clashes erupted on the Syrian-Iraqi borders between Islamic State militants and Iraqi Shiite fighters as the extremist group defends its last stronghold in the region Read the full story
Asharq Al-Awsat - English
A mourner reacts as Palestinian Islamic Jihad militants hold their weapons while taking part in the funeral of their comrade in the central Gaza Strip October 31, 2017. Israel has decided to maintain a state of emergency and suspend construction on the underground wall border with Gaza Strip, as the Islamic Jihad Movement in Palestine announced that five of its members were martyred and their bodies were still buried inside the tunnel. Israel is also promoting the "inevitability of a military Read the full story
AFRICA
The Latest: American accused in Zimbabwe to stay in jail
ABC News
The Latest: American accused of subversion in Zimbabwe to spend weekend in custody Read the full story
American charged with subversion in Zimbabwe goes to court
ABC News
ABC News
American charged with subversion in Zimbabwe appears in court; accused of insulting Mugabe Read the full story
Africa: IMF Forecasts Modest Gain in African Economic Growth
AllAfrica
Zimbabwe’s financial system increasingly resembles a house of cards
Quartz
Economic growth among countries in sub-Saharan Africa is expected to rebound this year from 20-year lows in 2016, according to the International Monetary Fund's biannual report. But despite the modest recovery, the Washington-based organization warns public debt is rising and soon could become unsustainable in some African countries. After a slowdown in 2016 where the sub-Saharan regional economy grew by just 1.4 percent, the IMF said growth is expected to almost double this year to 2.6 percent, Read the full story
Quartz
Zimbabwe’s financial system increasingly resembles a house of cards. Were one card to give way—for instance, if South Africa’s power utility, Eskom, were to have… Read the full story
Zimbabwe’s economy goes micro as Mugabe clings to power
The Globe and Mail
Zimbabwe's people are having a hard time finding jobs, cash, and basic goods, while their President just makes things worse Read the full story
ASIA
The Globe and Mail
Zimbabwe's people are having a hard time finding jobs, cash, and basic goods, while their President just makes things worse Read the full story
ASIA
North Korea’s nuclear threats to dominate President Trump’s agenda on Asia trip
NBC News
President Donald Trump is setting off for a 12-day trip to Asia, where much of the focus will be on the nuclear threats by North Korea. NBC’s Kelly O’Donnell reports for TODAY from Honolulu, Hawaii. Read the full story
Investvine
Reading Time: 2 minutesWhile the value of the digital currency Bitcoin is going through the roof – 1 BTC on November 3 hit the $7,462-mark in day trading for the first time –, the State Bank of Vietnam announced an outright ban on The post Vietnam issues full ban on Bitcoin and all other cryptocurrencies appeared first on Investvine. Read the full story
EUROPE
Shock German Army report sees collapse of EU and West possible
Express
THE complete disintegration of the European Union and the West over the next few decades is a possibility, according to a shock internal report drawn up by the German Army. An extensive 102-page report, called ‘Strategic Forecast 2040’ was published by the head of the Ministry of Defence at the end of February this year but was kept then kept under wraps, but has now been seen by the German weekly newspaper Der Spiegel. Read the full story
Express
EUROCRATS have produced a shock report showing which EU member states stand to pay more and lose the most when Brexit blows a £9 billion hole in the bloc’s budget. The EU Parliament has calculated the enormous potential costs facing all 27 countries once the UK’s contribution to the Common Agricultural Policy expires in 2020. European leaders will have to decide whether to maintain the bloated scheme’s current spending levels, which account for 40 per cent of the bloc’s budget, or trim it down Read the full story
Express
MORE countries will follow Britain out of the European Union once their populations realise the cost of accelerating federalisation after Brexit, a leading Swedish MEP said today. Peter Lundgren said quitting the bloc is now the “only way to survive as a sovereign state” and warned wealthier nations will end up paying even more into the Brussels pot after 2019. In an interview with express.co.uk the Sweden Democrats MEP said the UK will be “a great example for us” once Brexit is complete even if Read the full story
Express
EUROPEAN Union negotiators are said to be angry with the UK as the next round of negotiations will be only “talks about talks” and hardly mention the Brexit bill. Senior officials in Whitehall have conceded that the two days listed for next week were "not a proper round" of talks but a "stock-taking exercise". EU sources greeted the idea of Brexit Secretary David Davis and Michel Barnier, the EU’s chief negotiator, meeting in Brussels on November 9 and 10 for “non-talk talks” with anger and Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Sunday 11/5/17 2017 did update on the indicative rates Sell Rate 1184
The currency auction is 139,895,918
There is 2 news and announcements for Sunday 11/5/ 2017
Central Bank Governor meets Iranian Minister of Commerce, Industry and Mines
Mr. Ali Mohsen Ismail, Minister of Trade, Industry and Mines of Iran, met with the Governor of the Central Bank of Iraq Mohammad Shariatmadari.
The Governor discussed with the Iranian Minister of Commerce and his delegation ways to enhance cooperation between the two sides.
Mr. Ali Mohsen Ismail, Minister of Trade, Industry and Mines of Iran, met with the Governor of the Central Bank of Iraq Mohammad Shariatmadari.
The Governor discussed with the Iranian Minister of Commerce and his delegation ways to enhance cooperation between the two sides.
Second Article: Annual Statistical Bulletin
Third Article: Special report on the most important Arab and international economic and financial developments (September - 2017) ... Click here
ISX Update:
Value Traded
7,188,379,660
Shares Traded
16,494,140,523
ISX ended in Red
Kauaihn Chatter:
dd
11-4-2017 Intel Gurus Frank26 and Delta Article: "A simulation of the dinar exchange rate linked to a basket of currencies" "Dr. Ahmed Abrehi Ali...:" Quote: "It is proposed that the dinar be pegged to a basket of major currencies, international reserve currencies, dominant in foreign trade and capital markets, United States Dollars." Dr. Ahmed Ibraihi Ali...Member of the Board!!! Family you do not realize a few days ago the CBI gave you what you wanted...some of you saw it..most of you missed it..you have no idea the ground that you are standing on right now...
11-4-2017 Newshound/Intel Guru Mnt Goat Article quotes: "As prime minister, Nechirvan Barzani has been central to brokering the semi-autonomous region’s oil dealings, now in jeopardy following Iraq’s recapture of disputed territories on Oct. 16, including the oil-rich city of Kirkuk." "KURDISTAN CONSIDERED AS THE MOST CORRUPTED PART OF IRAQ. ACCORDING TO KURDISH LAWMAKERS BILLIONS OF DOLLARS ARE MISSING FROM IRAQI KURDISTAN’S OIL REVENUES" Mandatory meters on the oil pipelines make it hard to steal oil with it someday being accounted for. We now see the loss of these revenues. ...folks this is the money that belongs to all the citizens of Iraq. This is why they need the HCL and Article 140 law.
11-4-2017 Newshound Guru Aggiedad77 ...So how close are we...as close as your breath is to your lungs...IMO.
11-4-2017 Intel Guru RayRen98 As far as Abadi is concerned, the Kurdish issue has been handled. They have surrendered the territories, and they now fall under a unified Iraq. I don’t think that will prevent [or delay] anything, especially with an announcement expected today.We are all waiting patiently for whatever scenario comes to light.d
11-4-2017 Intel Guru RayRen98 As far as Abadi is concerned, the Kurdish issue has been handled. They have surrendered the territories, and they now fall under a unified Iraq. I don’t think that will prevent [or delay] anything, especially with an announcement expected today.We are all waiting patiently for whatever scenario comes to light.d
Elmer:
Not in today
Artmeister:
Bank Audits" - GCR/RV Intel Update from D 11-5-17
Received via email. ~ Dinar Chronicles
UPDATE 11-5
Hello,
The response I got from my primary contact today indicated that everything that Reno needs to do has been completed on Tiers 1 - 3.
However, apparently there is a requirement for an audit to be done by all of the banks. It is my understanding that this process started several days ago and is still continuing.
Once all of the bank audits are completed the release of Tiers 1 - 3 will be enacted.
It is my understanding that a number of the audits have already been completed, but others are still being confirmed.
The estimated time for completion has been stated to be anywhere from tonight to as late as next Tuesday.
When the audits are completed and Tiers 1 - 3 are all released Tier 4 will immediately start.
y
UPDATE 11-5
Hello,
The response I got from my primary contact today indicated that everything that Reno needs to do has been completed on Tiers 1 - 3.
However, apparently there is a requirement for an audit to be done by all of the banks. It is my understanding that this process started several days ago and is still continuing.
Once all of the bank audits are completed the release of Tiers 1 - 3 will be enacted.
It is my understanding that a number of the audits have already been completed, but others are still being confirmed.
The estimated time for completion has been stated to be anywhere from tonight to as late as next Tuesday.
When the audits are completed and Tiers 1 - 3 are all released Tier 4 will immediately start.
y
Catnip:
*************
ARTICLE 1 (from PM Abadi's website)
Last post is dated November 1, 2017; last tweet sent November 3, 2017.
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ARTICLE 2
Abadi and Jabouri agree to exploit opportunities
2017/11/4 22:23
[Baghdad: where]
Prime Minister Haider al-Abadi and MPs Salim al-Jubouri agreed on the importance of exploiting all opportunities and possibilities to strengthen security and stability in the country and set a specific timetable for the return of the displaced.
"The Speaker of the House of Representatives Salim al-Jubouri met Saturday evening with Prime Minister Haider al-Abadi," a statement from Jubouri's office said.
He added that "the meeting discussed the latest developments on the political and security levels, and the data of the post-urging phase after Iraq is about to end the presence of these terrorist gangs on its soil and the important victories achieved by our heroic security forces in western Anbar areas, Is a sign of the end of terrorism in Iraq. "
"The two sides agreed on the importance of exploiting all opportunities and possibilities in order to strengthen security and stability in the country and set a specific timetable for the return of displaced people to their areas and activate the factors of economic development and attention to the standard of living and service to citizens."
He pointed out that "the meeting also dealt with ways of solving problems and ending crises, especially the crisis between the government of the Center and the region through strengthening dialogue and respect for national constants and the arbitration of the Constitution in all outstanding issues."
The statement concluded that "the meeting concluded by stressing the two sides on the need to open new horizons of cooperation with neighboring countries and regional countries, so as to strengthen the economic reality of Iraq and strengthen the bonds of good neighborliness."
*************
ARTICLE 3
Asadi: The popular crowd does not fight anywhere outside the border, including al-Bu Kamal
2017/11/4 23:17
[Ayna-Baghdad]
The Popular Front for the Liberation of Palestine (PFLP) said on Saturday that the popular crowd was not fighting in any location outside the Iraqi border.
"The popular crowd is an Iraqi armed force that does not fight at any location outside the Iraqi border," al-Asadi told the crowd's website.
"The crowd does not have any fighters in Syria, not in Bu Kamal or elsewhere," al-Asadi said.
*************
ARTICLE 4
Dozens of IEDs were dismantled as part of Al-Qaim's liberation operations
Anbar, Iraq - November 4: The field engineering department announced on Saturday that "explosives pose a danger to civilians who intend to return to the list," noting that "their teams dismantled dozens of IEDs."
"The engineering teams dismantled dozens of improvised explosive devices in the process of liberating Al-Qaim and the operations are still continuing to process and lift the explosives," said field engineering director Abu Shams al-Ukaili. To ensure that displaced persons return safely to their areas. " AH
*************
ARTICLE 5
Disinfection continues in the districts of Qaim district
2017/11/4 10:08
[Ayna-Baghdad]
Popular forces and security forces on Saturday continued to clean up the liberated neighborhoods of the Qaim district in western Anbar.
"The areas liberated by the popular crowd yesterday in the center of Qaim district are the Gaza district, the neighborhood of the railway, the Karbala district, the western Nahdah, the Saada, the Bou Hajem and the industrial district," the mass media said in a statement. , Al-Nahdah, Al-Hayat Al-Shamali, Al-Furat District, the 17th of July neighborhood, Sheikh Ali district, the masses, Al-Salam, Al-Resala, Yarmouk and Al-Amin.
He added that "the crowd also managed to liberate the port of Husaybah al-Hudawi, the hills of Qaim and Tal al-Aghwat, Wadi al-Jabriya, Wadi al-Batikhah, as well as the Rummaneh bridge east of the Euphrates River.
"The Popular Forces and the security forces have started clearing operations since yesterday and are continuing to cleanse these neighborhoods and sites," he said.
*************
ARTICLE 6
The interior minister visits the third district border in Wasit
2017/11/4 11:50 [Ayna-Baghdad]
Interior Minister Qassim al-Araji visited the third border area in Wasit province. "Interior Minister Qassim al-Araji visited his third field tour in the province of Wasit and his accompanying delegation to lead the border of the third region," Interior Ministry spokesman Brigadier General Saad Maan said in a statement.
"Araji listened to a detailed explanation by the commander of the region and officers of the pillar of the duties assigned to them and efforts to maintain the borders and other duties."
He noted that "the minister praised these efforts and commended them and has some important observations that will have a positive reality on the development of future work."
*************
ARTICLE 7
The liberation of 40 villages and Mtari Southern wetlands and northern wetlands by a qualitative operation in Anbar
ANBAR, Nov. 4 (Xinhua) - The Operations Command of western Anbar announced Saturday the implementation of a large-scale operation with the participation of the Anbar Operations Command, the Emergency Police Group and all the directorates and intelligence agencies operating in the said district to clean up and inspect the areas extending towards the city of Karbala, And all surrounding areas. "
"The operation comes at the same time as the storming of the areas of Saada, Karbala and Hasiba, which completed its tasks by liberating the entire areas south of the Euphrates River and completing the liberation of the existing and reaching the international border," the team said. "The operation resulted in the destruction of 15 terrorist camps With the support of the army, in addition to the destruction of 10 acres and the liberation of 40 villages and airports of southern wetlands and northern wetlands "with a total area of 20000 km." AH
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