Word on the Street Wednesday 11/15/17
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| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,142.1000 | 1,134.7000 | 1,134.7000 | | 07:11 |
| USD/VND | | | 22,676.5000 | 22,243.0000 | 22,243.0000 | | 07:11 |
| USD/CNY | | | 6.6354 | 6.6145 | 6.6327 | | 07:08 |
| USD/KWD | | | 0.3022 | 0.3011 | 0.3017 | | 04:15 |
| GBP/USD | | | 1.3207 | 1.3131 | 1.3155 | | 07:12 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,548.0000 | 13,508.0000 | 13,542.0000 | | 07:06 |
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Al - Jubouri to his US counterpart: Iraq is about to announce the final victory and folding the last page of pages
Baghdad / Al-Ghad Press:
BAGHDAD (Reuters) - Iraq is about to announce the final victory, the speaker of parliament, Salim al-Jubouri, said Tuesday during a meeting with US House of Representatives Speaker Paul Ryan.
BAGHDAD (Reuters) - Iraq is about to announce the final victory, the speaker of parliament, Salim al-Jubouri, said Tuesday during a meeting with US House of Representatives Speaker Paul Ryan.
During the meeting, the security and political situation in Iraq and the region was discussed and ways of finding a unified vision between Iraq and the United States on common challenges, the most important of which is the fight against terrorism," al-Jubouri said in a statement. "The residents of the liberated areas played a major role in supporting the liberated forces through intelligence cooperation and engaging in carrying weapons as local forces."
We in Iraq are clearly aware of the magnitude of the challenge that will face us in the next phase, which is summarized in the tasks of development and coexistence. These two details contain details of the real reform and renaissance project that the Iraqis should adopt and the need for international support. Which has remained an important friend of Iraq throughout the previous periods and an exceptional assistant in the face of the great challenges faced by Iraqis over the past 14 years and at the forefront of these challenges is terrorism. "
After the great victory achieved by our security forces in all its forms to organize an advocate of the terrorist, we are heading towards the biggest challenge of rebuilding liberated areas and returning the displaced," he said.
The two sides agreed on "the importance of continued cooperation between the two countries at the parliamentary level and all other levels in order to achieve common goals and interests."
For his part, the speaker of the US House of Representatives said that his country is a key supporter of Iraq and that the relations between the two countries are at their best stages, stressing that Iraq has made great efforts in the face of terrorism and was able to defeat it on the ground in record time and must continue its support to overcome these challenges especially on humanitarian support Relief and reconstruction of liberated areas
.
We in Iraq are clearly aware of the magnitude of the challenge that will face us in the next phase, which is summarized in the tasks of development and coexistence. These two details contain details of the real reform and renaissance project that the Iraqis should adopt and the need for international support. Which has remained an important friend of Iraq throughout the previous periods and an exceptional assistant in the face of the great challenges faced by Iraqis over the past 14 years and at the forefront of these challenges is terrorism. "
After the great victory achieved by our security forces in all its forms to organize an advocate of the terrorist, we are heading towards the biggest challenge of rebuilding liberated areas and returning the displaced," he said.
The two sides agreed on "the importance of continued cooperation between the two countries at the parliamentary level and all other levels in order to achieve common goals and interests."
For his part, the speaker of the US House of Representatives said that his country is a key supporter of Iraq and that the relations between the two countries are at their best stages, stressing that Iraq has made great efforts in the face of terrorism and was able to defeat it on the ground in record time and must continue its support to overcome these challenges especially on humanitarian support Relief and reconstruction of liberated areas
Minister of Industry stresses the implementation of strict measures to stop dumping the Iraqi market
Date of release: 2017/11/15 10:37 • 129 times scheduled
(Baghdad: Al-Furat News) The Minister of Industry and Minerals Agency Mohamed Shia Sudani on the need to implement serious and strict measures to stop the policy of dumping goods to the Iraqi market and support national production.
The director of the Center for Media and Public Relations in the ministry, Abdulwahid Alwan Al-Shammari said in a statement received by the agency {Euphrates News} a copy of it, "Sudanese stressed during his meetings and official meetings and television interviews that the Iraqi industrial sector, government and private and mixed suffers from disruption and weak marketing because of the policy of dumping goods Of imported goods practiced by neighboring countries and the world. "
He pointed out that "Iraqi markets are open to imported goods and goods of the standard and poor quality and cheap prices. In contrast, there are national products manufactured in accordance with international standards and conform to the approved Iraqi standards and uses raw raw materials and the consequent additional costs of production."
Al-Shammari pointed out that "the Minister of Industry called for a serious stand to support the national industry in all its public and private sectors and mixed to address the attempts and plots of foreign and internal, which aimed to stop the national industry since 2003 as part of the destruction of this country and revive the factories of neighboring countries at the expense of the national interest."
He stressed that "Al-Sudani directed all the companies of the ministry to follow innovative methods and methods of marketing and promote local production in line with the needs and requirements of the market and the consumer."
He pointed out that "Iraqi markets are open to imported goods and goods of the standard and poor quality and cheap prices. In contrast, there are national products manufactured in accordance with international standards and conform to the approved Iraqi standards and uses raw raw materials and the consequent additional costs of production."
Al-Shammari pointed out that "the Minister of Industry called for a serious stand to support the national industry in all its public and private sectors and mixed to address the attempts and plots of foreign and internal, which aimed to stop the national industry since 2003 as part of the destruction of this country and revive the factories of neighboring countries at the expense of the national interest."
He stressed that "Al-Sudani directed all the companies of the ministry to follow innovative methods and methods of marketing and promote local production in line with the needs and requirements of the market and the consumer."
Parliament sees Rosneft's contract as illegitimate
Baghdad - Journal News
The Committee on oil and energy parliamentary rejection and condemnation of the contract concluded by the company, "Rosneft" Russian with Arbil, asserting that it is a contract of legal legitimacy and unacceptable by the federal government.
"The Oil and Energy Committee of the Parliament strongly rejects and denounces the contract between the Russian company Rosneft and the government of Arbil, which was made during the last month and is considered a loss of legal and legitimate value," MP Ali Maarj, head of the committee said in a statement.
The Chairman of the Committee, "The contract was concluded after the decision of the Iraqi Council of Representatives in the month of September, which limited the sovereign powers, including oil contracts and oil exports, the federal government," stressing that "the Federal Oil Ministry is the only official and legal authority authorized by law and decision The last House of Representatives signed oil contracts and the export of oil. "
"The contract between the Russian company and Erbil is therefore considered as a loss of legal and unofficial legitimacy," MP Maarj said.
He called on the Russian company to "retreat from the contract and deal with the federal government and the Ministry of Oil exclusively in the oil sector," pointing out that the continuation of this contract is tantamount to prejudice to Iraqi sovereignty and the sovereign state.
Report Corruption of the Iraqi border crossings shocked
Baghdad - Journal News
The Center for Strategic Studies and Research on Tuesday discussed the corruption and violations of the maritime and land export and import sector through the southern Iraqi ports and land border crossings, as well as their inefficiency and lack of impact on the country's economic income.
The center said in its report, "The Journal News", limited the work of border crossings on imported goods only, most of them smuggled or banned from local markets, what the government should pay attention to this aspect, as part of its process to investigate corruption and address the economic crisis.
A source at the Iraqi Ministry of Finance revealed the existence of large-scale fraud and corruption in Iraq's border ports, which are connected to six neighboring countries: Iran, Saudi Arabia, Kuwait, Jordan, Syria and Turkey, through 13 border ports, , Due to the unstable security situation.
He pointed out that despite the attempts of the official authorities to address the problems of corruption international ports, but the port of Basra is still ongoing fraud and smuggling, as the reason for this lack of control of the official authorities in Basra, the managers and workers of the port, and reports profitability.
He pointed out that the profits of import and export operations do not exceed 3% of the general budget, which topped the profits of Iraqi oil by 97%. Because of the use of these ports in illegal acts, more than their use in the government import and export operations.
While the official source stressed that Abadi should intervene personally to resolve the corruption crisis, because there are people who are politically supported by the parliamentary parties and the government agencies in addition to the tribal authorities, so they have their policy in the general customs administrations: Central, North, Their ramifications.
The report highlighted the corruption of Basra's maritime ports, while financial reports revealed that the monthly profit of one port is 600 million Iraqi dinars, instead of the assumed amount of four billion Iraqi dinars per day.
On the other hand, the head of the parliamentary security and defense committee, "governor of Zamili," after visiting a number of border crossings, "the spread of corruption and bribery between the directorates of border ports and neighboring countries, and the internal provinces. Pointing out that the profits of bribe "Safra" outlet, specifically in Kirkuk, $ 10 million per day.
He pointed out that "the profits of this port of import and export of products, daily up to 200 million Iraqi dinars, without receipt of the central government and the Diyala province of any dinars." The port witnessed a pre-occupation occupation of the conductor, crossing 4500-6000 trucks a day. Now, more than 9,500 trucks pass daily. The absence of government oversight and the corruption of the responsible authorities allows the smuggling of terrorist resources through these trucks, such as explosives and light weapons, for only $ 1,000.
At the end of his report, PCHR noted that the official bodies of political parties have obstructed the initiation of investigations into the corruption of the sector, which has delayed the treatment of the country's economic corruption, while the looting of public funds and donations continues in a country known for its oil wealth and strategic location. In one of the richest countries in the world.
The Iraqi parliament votes to increase the capital of the "Central Bank" and give him powers
Draft amendment submitted by the Financial, Economic and Investment Committees
Direct : The Iraqi parliament voted in today's session on the draft amendment of the second law of the Central Bank of Iraq for the purpose of increasing the capital and grant powers.
The Iraqi parliament said in a statement on Tuesday that the draft amendment law submitted by the financial and economic committees, and investment, includes keeping pace with the global economy, and increase the number of members of the Board of Directors of the bank from outside the bank.
The amendments also include the formation of an audit committee, the issuance of commemorative coins, the imposition of interest on loans granted by the bank to commercial banks, and the preservation of its funds from bookings issued by judicial decisions, according to the Parliament statement.
It is noteworthy that the law of the Central Bank of Iraq issued Order No. (56) for 2004 on the Coalition Provisional Authority
The government denied the reduction of salaries of employees .. And Abadi is preparing to fight corruption and promote the economy
Political
Since 2017-11-14 at 18:33 (Baghdad time)
Special - Mawazine News
The General Secretariat of the Council of Ministers denied on Tuesday statements that reduced the salaries of employees by 20%, while confirming that they are untrue lies.
Some media have dealt with reports about the intention of the Council of Ministers to reduce the salaries of state employees by 20% in the budget next year 2018.
The Secretariat said in a statement, received / Mawazine News, a copy of it, "it denies the comments that the Council of Ministers will reduce the salaries of employees by 20 percent."
She stressed that "this subject did not appear in the draft budget law for the year 2018," stressing that "what was spoken lies are not true."
Observers believe that Prime Minister Haider al-Abadi has achieved great achievements not only at the military level and freeing the regions from the control of the organization calling for the terrorist, but also accompanied by treatments for the economic reality, including the reduction of salaries and allowances and protections of officials in the government and parliament, in addition to streamlining the ministries and subject all officials Accounting.
Abadi's economic reforms seem to have created opponents of him in the political process, some of whom may seek to overthrow the prime minister's achievements by publishing false news about cuts in staff salaries.
"Prime Minister Haider al-Abadi is preparing to wage a war against corruption beginning next year, accompanied by the elimination of a full-fledged organization on Iraqi soil," government sources told Mawazine News.
The sources added that "Abadi's campaign will include corrupt officials and smugglers of public funds abroad and involved in money laundering," explaining that "Abadi seeks to declare 2018 years of economic prosperity and the eradication of corrupt."
For her part, called a member of the Finance Committee parliamentary Majida Tamimi to be accurate in the transfer of financial information to citizens, denying receipt of the draft budget in 2018, including the reduction of salaries of employees by 20%.
Al-Tamimi said in a statement received by Mawazine News, a copy of it, "the advocates of political action, especially in the legislative aspect to be careful and careful in the transfer of information to citizens," asserting "the failure to receive the House of Representatives draft budget 2018."
"The statement by a member of the Finance Committee to the media about the reduction of salaries of employees to 20% is a disgrace and adversely affects the feelings of employees."
In the same context, economic expert Bassem Antoine told Mawazine News that "the government is continuing the economic reforms demanded by Prime Minister Haider Abadi during the last period," and expected at the same time that "these reforms come back with great financial benefits to the State Treasury "He said.
The expert added that "the government is continuing its economic program to promote the country, especially Iraq is entering a new phase after defeating the organization calling the terrorist."
The Secretariat General of the Council of Ministers, Friday (November 3, 2017), quoted the media in the financial budget for 2018 as "inaccurate and incorrect", while confirming that the budget "is still in the discussion."
It is noteworthy that the local media circulated on Wednesday (1 November 2017), the draft federal budget law for Iraq for 2018, while the draft showed that the proportion of the provinces of Kurdistan amounted to 12.67%.
Abadi pledged on the ninth of this month to win the war against corruption as the victory against terrorism was achieved
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Study: 1% of the world's population occupy half of the earth's wealth
Editorial date: 2017/11/15 9:14 • 204 times read
{International: The Euphrates News} The British Independent newspaper published a study entitled "Study confirms: 1% of the world's population occupy half of the planet's wealth."
The number of millionaires in the world has risen while half the planet's population has about 3.5 billion people but about 3 percent of the world's wealth. A new study confirms that 1 percent of the world's population now owns half of its wealth, Indicating a lack of justice in the distribution of wealth.
The same study reveals that high net worth individuals were able to add substantial profits after the global financial crisis that began in 2008, increasing their acquisition of total wealth on the planet from 42.5% at that time to 50.1% today.
According to the Credit Suisse Global Wealth Report, 1 per cent of the world's population has about $ 106 trillion, which is 8 times the size of the US economy.
The report also shows that with the expansion of the base and the inclusion of more affluent people into the census, 10 per cent of the world's "rich" population has 87.8 per cent of global wealth, meaning that 90 per cent of the population has only about 12 per cent Of the volume of wealth.
On the other hand, half of the world's poorest people have only 2.7 per cent of the world's wealth, which has grown steadily since 2010, to the tune of $ 280 trillion.
The same study reveals that high net worth individuals were able to add substantial profits after the global financial crisis that began in 2008, increasing their acquisition of total wealth on the planet from 42.5% at that time to 50.1% today.
According to the Credit Suisse Global Wealth Report, 1 per cent of the world's population has about $ 106 trillion, which is 8 times the size of the US economy.
The report also shows that with the expansion of the base and the inclusion of more affluent people into the census, 10 per cent of the world's "rich" population has 87.8 per cent of global wealth, meaning that 90 per cent of the population has only about 12 per cent Of the volume of wealth.
On the other hand, half of the world's poorest people have only 2.7 per cent of the world's wealth, which has grown steadily since 2010, to the tune of $ 280 trillion.
Georgia wants to conclude eight agreements with Iraq
2017/11/15 11:38 193 times read
(Baghdad: Al-Furat News) Georgia's new non-resident ambassador to Baghdad, Gregory Tabatadze, revealed his country's desire for eight agreements concluded with Iraq.
"Iraqi Foreign Minister Ibrahim al-Jaafari received a copy of the credentials of Ambassador Tabatabzze and praised al-Jaafari for the Iraqi-Georgian relations," a foreign ministry statement said.
Jaafari added that "the two countries have demonstrated that they transcended geography, language and dominated the voice of humanity, so we can rise in the exchange of common interests and face common dangers." Your positions in support of Iraq in international organizations and the international alliance to fight Da'ash was an important and strategic issue. Many opportunities for bilateral cooperation. "
Al-Jaafari said that "Iraq led a third world war, and pushed the danger from all the world; because the elements came from more than 120 countries, so it became a common danger is not linked to religion or denomination and nationality," expressing his thanks and appreciation to all countries of the world Provided support for Iraq in its war on terrorism. "
"We look forward to continuing to support us, especially in the humanitarian field," he said. "We are ready to provide all that will develop bilateral relations between our two countries."
For his part, Georgia's new non-resident Ambassador to Baghdad Gregory Tabatadze presented his country's congratulations to Iraq on the occasion of the victory over the terrorist gangs, expressing Georgia's desire to develop bilateral relations at various levels, including cooperation in international forums.
"We are part of the international coalition to fight Da'ash, and are ready to provide various kinds of support," he said, revealing eight agreements that his government wishes to conclude with Iraq, stressing: "I will do what I can to develop relations between Iraq and Georgia."
Jaafari added that "the two countries have demonstrated that they transcended geography, language and dominated the voice of humanity, so we can rise in the exchange of common interests and face common dangers." Your positions in support of Iraq in international organizations and the international alliance to fight Da'ash was an important and strategic issue. Many opportunities for bilateral cooperation. "
Al-Jaafari said that "Iraq led a third world war, and pushed the danger from all the world; because the elements came from more than 120 countries, so it became a common danger is not linked to religion or denomination and nationality," expressing his thanks and appreciation to all countries of the world Provided support for Iraq in its war on terrorism. "
"We look forward to continuing to support us, especially in the humanitarian field," he said. "We are ready to provide all that will develop bilateral relations between our two countries."
For his part, Georgia's new non-resident Ambassador to Baghdad Gregory Tabatadze presented his country's congratulations to Iraq on the occasion of the victory over the terrorist gangs, expressing Georgia's desire to develop bilateral relations at various levels, including cooperation in international forums.
"We are part of the international coalition to fight Da'ash, and are ready to provide various kinds of support," he said, revealing eight agreements that his government wishes to conclude with Iraq, stressing: "I will do what I can to develop relations between Iraq and Georgia."
Iraq's position on the Paris Convention for climate signature and ratification
(Reuters) - Climate change is one of the worst environmental crises in human history, and it is ironic that developing countries with less responsibility for climate change will suffer the worst consequences. All of us are now responsible for seeking to stop this problem immediately, to address the causes that lead to it, and to find the solutions and measures to deal with it. If we fail to take the necessary measures now to halt the increasingly high temperatures, we may have dire consequences that can not be avoided in the future.
Since the first climate summit held in Sweden in 1972, climatologists, especially in developed countries, have been careful not to warn against the dangers of climate change on the planet from high temperatures, pollution in soil, air and water, the extinction of some animal and plant species and the spread of a number of diseases and epidemics And the drought of the aquifers, both surface and groundwater, also affect the geographical distribution of water resources and food to the population of the land, which results in poverty, wars and migration affecting more than one country.
In the face of all these factors, the United Nations has been holding international conferences on climate change and has been keen to agree to reduce the causes of climate change, especially greenhouse gas emissions, the main cause of climate change. At the end of 2015, world leaders and leaders met in Paris and agreed to protect the climate through Including the reduction of global warming more than two degrees Celsius than before the Industrial Revolution with the ambition to make 1.5 by 2050, as well as support and funding developing countries for losses and damage caused by climate change and to help them adapt and diversify the Iraq had an official presence represented by the presence of the President of the Republic, Mr. Fuad Masum, and his assertion that Iraq is committed to protecting the planet's climate and is interested in the concepts of sustainable development so that future generations have the right to a decent life and abundant resources. And available, and thus took the Paris Convention importance and applauded all of them for the ambitious steps towards protecting the planet and the future of life on it.
The agreement was signed by 196 countries and Syria was the last to accede to the Convention has been ratified by 169 countries to date, not Iraq, including, in dialogue with the Under Secretary of Environment and head of the Iraqi delegation in the negotiations climate summit 23 in Bonn d."Because of the special nature of the Paris Convention and its relation to fossil fuels and the reduction of emissions, the process of ratification requires legal and constitutional legislation. We have completed the text of the draft accession resolution and submitted it to the State Consultative Council and then to the Council of Ministers to sign it. And presented to the Iraqi parliament to vote and then proceed to the process of ratification officially "On the subject of the use of international support for Iraq in relation to the impact of Iraq on climate change, the farmer said:" The delay in the ratification process will not affect the benefit of the States Developing international support for those countries to compensate for losses and damage caused by climate change or to support national contributions for adaptation and mitigation of carbon emissions. But ratifying the Convention will strengthen Iraq's position in calling for international support as it keeps pace with global progress towards climate protection despite fragility. The country's infrastructure to withstand the challenges of climate change, in addition to the depletion in all areas of life because of the fierce terrorist attack on Iraq by the organization of calling the terrorist and occupation of more than a third of the area of Iraq, causing extensive destruction and damaged Significant environmental areas, and Iraq, as fighting terrorism, he is fighting on behalf of the world and the countries of the whole world be aware of and understand it. "
Perhaps the days will witness an Iraqi ratification of that agreement, which has paved the way for most of the world towards the lofty goal and the noble goal of protecting the planet, so that the Iraqi situation will remain present in international forums with strength and determination.
Masoum stressed to the British ambassador the need to strengthen bilateral relations in all fields
Political
Since 2017-11-14 at 16:53 (Baghdad time)
Baghdad - Mawazine News
President of the Republic Fuad Masoum stressed Tuesday the need to strengthen the bilateral relations between the two countries in all fields, stressing that he will do his utmost to enhance this through his experience in the Iraqi reality.
"Maasoum received the credentials of the United Kingdom's Ambassador to Iraq, Jonathan Paul Wilkes, at the Peace Palace in Baghdad," a presidential statement said.
"The depth of the advanced bilateral relations between Iraq and the United Kingdom," Masoum said, stressing "the need to strengthen them in all fields and to ensure the common interests between the two friendly countries."
He praised Britain's support for the Iraqi people and their effective contribution to the elimination of dictatorship and its support for the political and democratic process as well as its effective role in the war against terrorism.
For his part, the British ambassador said that he will "do his utmost to enhance the course of bilateral relations between the two countries through his experience in the Iraqi reality," pointing out that "the atmosphere in Iraq is appropriate and encourages work to develop the pace of joint cooperation between Iraq and the United Kingdom on All levels "
The opinions expressed below do not reflect the opinion of Mawazine News, but reflect the views of their respective owners only.
Saadi: Oil smuggling from Kirkuk continues and is sold at $ 10 per barrel
(Independent) ... The head of the Committee on Services and Reconstruction parliamentary Nazim Saadi that the smuggling of oil from Kirkuk and the disputed areas continues and sold at $ 10 a barrel, adding that more than 600 trucks are smuggled daily.
"During the process of imposing the authority of the federal government in all regions of Iraq from the north to Kirkuk and the disputed areas, the prime minister talked about the smuggling of oil and selling it for 10 dollars a barrel in the area between the border," al-Saadi told a news conference held in the House of Representatives and attended by the independent Iraq, Turkey and Syria, "expressing surprise" of the government's failure to take any legal action so far to deter it. "
"More than 600 trucks a day are being smuggled into terrorist organizations trading in money," he said.
He called on the prime minister to "take all legal and military measures to prevent smuggling," pointing out that "our military units deployed in those areas and can prevent smuggling."
He called on al-Saadi and the concerned parties to "reduce the waste of public money and to prevent smuggling in that border area." (End)
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Morning Brief: World's richest 1% have as much wealth as the bottom 50%
Yahoo Finance
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© Reuters. Gold dips in Asia Read the full story
Cost of Global Diabetes Epidemic Soars to $850 Billion Per Year
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With the MSCI Emerging Markets Index up 33.4 percent year-to-date, it's not surprising that some investors are wondering if they have missed the emerging markets party. Further stoking that debate is the emerging markets benchmark's 2016 gain of about 11 percent, meaning the index is approaching a two-year gain of almost 50 percent. The good news is that fundamental factors bode well for developing world equities and the corresponding ETFs, such as the fast-growing iShares Core MSCI Emerging Read the full story
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AllAfrica
3 Must Read Stories: Rising China Bond Yields Spook Investors, Singapore Property Market to Soar, US Scuppers China Bid for US Firm
Barron's
Asia Stocks to Watch The yield on China's benchmark 10-year bonds rose 0.08 percentage points Monday, to 3.98% - its highest since October 2014, after a selloff in U..S. Treasurys. The world’s third-largest bond market has been under pressure since early in the year, when Beijing raised short-term interest rates to discourage borrowing by speculators, and as the *Wall Street Journal* reports, the yield rise added to investors' concerns: Singapore is on target to emulate Hong Kong's red hot Read the full story
China’s Industrial Production Slows in October
Barron's
Asia Stocks to Watch Chinese industrial output slowed in October, in line with market expectations. Industrial production grew 6.2% year-on-year in October, compared to a 6.6% increase in September, according to China's National Bureau of Statistics. Analysts had been expecting growth of 6.2%. Fixed asset investment, or spending on infrastructure and property, rose 7.3% year-on-year in the first ten months of the year, moderating from a 7.5% increase over the January-September period. Retail Read the full story
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GLOBAL/NEWS/INFO
Morning Brief: World's richest 1% have as much wealth as the bottom 50%
Yahoo Finance
Yahoo Finance Morning Brief: What to watch and the top news for Tuesday, November 14, 2017 Read the full story
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OIL / COMMODITIES / ENERGY
Oil prices drift south as IEA cuts global demand forecast
MarketWatch
Oil prices step back Tuesday, as the International Energy Agency, in its monthly report, cut its forecast for global crude demand. Read the full story
MarketWatch
Gold prices hit roughly one-week lows Tuesday as global bond yields tipped higher but uncertainty over the outlook for U.S. tax reforms kept gold’s losses in check. Read the full story
Investing.com
© Reuters. Gold dips in Asia Read the full story
BANKS / BANKING / CREDIT
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Coindesk
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Financial Services Superintendent Maria T. Vullo today announced that Credit Suisse AG agreed to pay a $135 million fine as part of a consent order with the New York State Department of Financial Services (DFS) for violations of New York banking law, including improper efforts with other global banks, front-running client orders, and additional unlawful conduct that disadvantaged customers. The violations announced today stem from an investigation by DFS determining that from at least 2008 to 2015, Credit Suisse consistently engaged in unlawful, unsafe and unsound conduct by failing to implement effective controls over its foreign exchange business. As part of the consent order, Credit Suisse will also engage a consultant, subject to approval by DFS in its sole discretion, to review and report to the Department about the bank’s remedial efforts with regards to its FX business.
http://www.mondovisione.com/
More pain than gain for gold as central banks pare stimulus
The Globe and Mail
The Globe and Mail
More normal monetary policy seen as a net-negative Read the full story
Holiday shoppers are better off with this credit card
CNBC
Before braving the mall, arm yourself with the right plastic. These are the best credit cards for holiday shopping, according to WalletHub. Read the full story
CNBC
Before braving the mall, arm yourself with the right plastic. These are the best credit cards for holiday shopping, according to WalletHub. Read the full story
U.S. financial giants create consortium to vet third party suppliersReuters
Bank of America Corp, JPMorgan Chase & Co, Wells Fargo & Co and American Express Co, have created a company called TruSight to standardize the work of vetting third party suppliers and partners, according to an announcement Tuesday by the newly-formed consortium. Read the full story
TREASURIES/ BONDS/ STOCKS
Top 5 Things to Know in the Market on Tuesday
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
The S&P 500 has been in the black all year — here’s what typically happens next
MarketWatch
The S&P 500 has spent the entire year in positive territory, and history suggests that investors now ought to stick with stocks next year, suggest Bespoke analysts for our call of the day. Read the full story
Ratings Agencies Cave: Venezuela Defaulted, Selectively
Barron's
S&P Global Ratings said Venezuela defaulted on some bond obligations and warned of more bad news to come. Read the full story
Barron's
S&P Global Ratings said Venezuela defaulted on some bond obligations and warned of more bad news to come. Read the full story
CME CEO: Bitcoin Futures Could Begin Trading As Soon As December
CoinDesk
CoinDesk
CME chairman and CEO Terry Duffy has said that the derivatives exchange operator could list a planned bitcoin futures product as early as next month. Read the full story
INSURANCE/HEALTH
Cost of Global Diabetes Epidemic Soars to $850 Billion Per Year
FORTUNE
A person receives a test for diabetes during Care Harbor LA free medical clinic in Los Angeles, California Sept.11, 2014. The number of people living with diabetes has tripled since 2000, pushing the global cost of the disease to $850 billion a year, medical experts said on Tuesday. The vast majority of those affected have type 2 diabetes, which is linked to obesity and lack of exercise, and the epidemic is spreading particularly fast in poorer countries as people adopt Western diets and urban Read the full story
The Wall Street Journal
Sweeping new guidelines released Monday lower the threshold for who is considered at risk of complications from high blood pressure. Read the full story
The New York Times
The medicine, an antipsychotic drug, has a sensor that will show doctors whether and when patients are taking it. Other medicines will follow, experts say. Read the full story
CURRENCIES
Cryptocurrency trading reached a new record over the weekend that's higher than volumes on some US stock exchanges
Business Insider
Business Insider
A trader works on the floor of the New York Stock Exchange January 6, 2014. Bitcoin, the red-hot digital currency known for its volatile price swings, was on a wild ride this weekend. Bitcoin crashed more than 25% from its all-time high of $7,721 set Wednesday to a low of $5,617 per coin on Sunday, according to data from cryptocurrency watcher CoinDesk. Bitcoin cash, on the other hand, propelled to a record-high of $2,500 early Sunday morning. Trading volumes on Sunday peaked at over $26 billion Read the full story
Will Bitcoin continue to remain bullish?
Fox News
Capitalistpig Hedge Fund Manager Jonathan Hoenig on the value of Bitcoin and whether investors should keep the cryptocurrency in their portfolios. Read the full story
Fox News
Capitalistpig Hedge Fund Manager Jonathan Hoenig on the value of Bitcoin and whether investors should keep the cryptocurrency in their portfolios. Read the full story
Bottom in Place? Bitcoin's Price Needs to Consolidate Gains
CoinDesk
Bitcoin's price is holding its ground so far today – is the short-term bottom in place? Read the full story
Investing.com
© Reuters. Dollar loses ground as markets brace for central bank speeches Read the full story
Forex - Euro Higher on German Data, Sterling Edges Lower
Investing.com
© Reuters. Euro higher on German data, sterling edges lower Read the full story
Investing.com
© Reuters. Euro higher on German data, sterling edges lower Read the full story
Pound slips on inflation figures
BBC News
BBC News
Sterling edges lower after UK inflation remains unchanged, confounding expectations of a rise. Read the full story
Forex - Aussie Holds Gains Despite Weaker China Data, NAB Surveys Support
Investing.com
© Reuters. Aussie gains in Asia Read the full story
Forex - PBOC Sets Yuan Parity At 6.6399 Against Dollar
Investing.com
© Reuters. Yuan parity Read the full story
Investing.com
© Reuters. Aussie gains in Asia Read the full story
Investing.com
© Reuters. Yuan parity Read the full story
USA
FOX NEWS FIRST: Uranium One deal-Clinton scandal could get special counselFox News
Justice Department Considering GOP Calls for Clinton Special Counsel
NBC News
The Justice Department would neither confirm nor deny whether it's already investigating matters like accusations involving the Clinton Foundation. Read the full story
Trump heads home with 'America First' ringing in Asian ears
Plus, Donald Trump Jr. releases WikiLeaks communication Read the full story
NBC News
The Justice Department would neither confirm nor deny whether it's already investigating matters like accusations involving the Clinton Foundation. Read the full story
Reuters
As Air Force One took off from Manila on Tuesday at the end of the longest trip to Asia by an American president in more than quarter of a century, at least two of the region's leaders had good reason to feel satisfied. Read the full story
EMERGING MARKETS
United States looks to block Mexican trucks in any NAFTA deal
FreightWaves
According to a recent report by Bloomberg, American negotiators are advocating to remove Mexican long-haul trucks from the NAFTA Chapter on cross-border services. Read the full story
CNN Money
Venezuela is on the verge of default. One prominent government critic calls its debt "hunger bonds," and it's held by almost all major mutual funds in the United States. Read the full story
Russia, China, others boycott U.S. meeting at U.N. on Venezuela
Reuters
Russia, China, Egypt and Bolivia boycotted an informal public United Nations Security Council meeting on Venezuela on Monday organized by the United States, saying the 15-member body should not be involved in the situation. Read the full story
Emerging Markets Roundup: Oil Flounders, But No Stopping Alibaba!Reuters
Russia, China, Egypt and Bolivia boycotted an informal public United Nations Security Council meeting on Venezuela on Monday organized by the United States, saying the 15-member body should not be involved in the situation. Read the full story
Barron's
Are emerging markets taking a breather? Maybe not if Alibaba's banner weekend of sales is any measure. Read the full story
Benzinga
With the MSCI Emerging Markets Index up 33.4 percent year-to-date, it's not surprising that some investors are wondering if they have missed the emerging markets party. Further stoking that debate is the emerging markets benchmark's 2016 gain of about 11 percent, meaning the index is approaching a two-year gain of almost 50 percent. The good news is that fundamental factors bode well for developing world equities and the corresponding ETFs, such as the fast-growing iShares Core MSCI Emerging Read the full story
The Washington Post
As blackout continues, U.S. territory continuing to pay millions to tiny Montana firm. Read the full story
MIDDLE EAST
East Africa: EU Woos East Africa Bloc to Sign Trade Agreement
AllAfrica
An official from the European Union has asked the East African Community to sign the Economic Partnership Agreement, saying it will not necessarily affect the region's industrialisation drive. Commissioner for international co-operation and development Neven Mimica said the EU will continue negotiations so that all member states can endorse the EPA which "will open European markets to East Africans." The region is divided on the EPA which needs approval from all member states. Kenya and Rwanda Read the full story
African countries power up World Bank's business rankings
The World Economic Forum
The World Economic Forum
Political will for business reform is a key factor in Nigeria, Kenya and Morocco climbing the World Bank's Doing Business rankings. Read the full story
Zimbabwe: End Clampdown on Media
Human Rights Watch
© 2017 Reuters Latest Arrest Shows Need to Investigate Police Abuse of Journalists Read the full story
Human Rights Watch
© 2017 Reuters Latest Arrest Shows Need to Investigate Police Abuse of Journalists Read the full story
ASIA
3 Must Read Stories: Rising China Bond Yields Spook Investors, Singapore Property Market to Soar, US Scuppers China Bid for US Firm
Barron's
Asia Stocks to Watch The yield on China's benchmark 10-year bonds rose 0.08 percentage points Monday, to 3.98% - its highest since October 2014, after a selloff in U..S. Treasurys. The world’s third-largest bond market has been under pressure since early in the year, when Beijing raised short-term interest rates to discourage borrowing by speculators, and as the *Wall Street Journal* reports, the yield rise added to investors' concerns: Singapore is on target to emulate Hong Kong's red hot Read the full story
Barron's
Asia Stocks to Watch Chinese industrial output slowed in October, in line with market expectations. Industrial production grew 6.2% year-on-year in October, compared to a 6.6% increase in September, according to China's National Bureau of Statistics. Analysts had been expecting growth of 6.2%. Fixed asset investment, or spending on infrastructure and property, rose 7.3% year-on-year in the first ten months of the year, moderating from a 7.5% increase over the January-September period. Retail Read the full story
EUROPE
Brexit: Failure to introduce new customs system by date of Britain's EU withdrawal would be 'catastrophic'The Independent
Failure to complete the introduction of a new customs system by Brexit in 2019 would be “catastrophic”, with the risk of huge disruption for businesses, massive queues at Dover and food being left to rot in trucks at the border, a parliamentary report has warned. Read the full story
EU Withdrawal Bill: Tory revolt could force Theresa May into fresh U-turn over plans to put Brexit date into law
The Independent
Theresa May is facing a fresh Tory revolt that could force her into a humiliating U-turn on her plan to put the precise Brexit date into domestic law. Read the full story
The Independent
Theresa May is facing a fresh Tory revolt that could force her into a humiliating U-turn on her plan to put the precise Brexit date into domestic law. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Wednesday 11/1/17 did update on the indicative rates Sell Rate 1184
The currency auction is 132,098,597
There are 2 news and announcements for Wednesday 11/1/17
1. AML / CFT controls
AML / CFT controls
Companies to mediate in the sale and purchase of foreign currencies limited (publicization / control).
AML / CFT controls
Companies to mediate in the sale and purchase of foreign currencies limited (publicization / control).
To the brokerage companies in the sale and purchase of foreign currencies limited (AML / AML / CFT controls for brokerage companies in the sale and purchase of foreign currencies) ... Click here
2.The Central Bank of Egypt approved the auction of C168 for the sale of forward payments (91) days and the amount of (100) billion dinars (one hundred billion dinars) and the sale of transfers in the amount of (65) billion dinars at a multiple interest rate and the highest discount rate (1.50% ), And the number of participants (6) banks have won the amounts provided
ISX Update:
Value Traded
6,105,981,844
Shares Traded
9,878,641,321
ISX ended in Green
Kauaihn Chatter:
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11-15-2017 Intel Guru Frank26 I believe the final segment of training with the private banks are done. I believe they are signaling that this Friday will be the finality of all this. I think there will be a statement from Abadi coming along with a national celebration by, if not on, Friday. Iraq is meeting with the WTO on Friday and I think they will be declaring that they are international before then. IMO Iraq could join the WTO with a low rate, just not a program rate because of the restrictions. However, I think the probability of this is about zero. I believe IMO that they are at least 1:1 or near it now.
11-15-2017 Intel Guru Delta Article 8 requires Iraq to have a rate that is fair for their neighbors and what will be called the "true" value.
11-14-2017 Newshound Guru Stryker Second Amendments to the 2004 CBI Law is Done...Iraqi Parliament voted on the second amendment to the 2004 CBI Law this morning...
11-17-2017 Newshound Guru Don961 With Speaker Jubouri in America ... it seems Parliament got some work done ...finally voting on that CBI law to "keep pace with global economic development " ... reading laws related to transparency in investing arbitration ,.... promoting tourism and Iraq's rich history and antiquities as additional income streams...imo.
11-14-2017 Newshound Guru sandyf Of course Iraq can revalue at any time, done it several times over the years. A significant change can only be done at certain points in time. There is no precedent for anything other than percentage points on an overnight basis. [What are those "points in time?"...for any "significant" change...] It would need to be coincidental with an accounting period. Normally the smallest period would be a month... It should be fairly obvious that you cannot change wages an invoicing arrangements during a financial period. Also the structure of public companies would have to be altered. To understand the implications of a 'significant' change, people should look to what actually takes place during a redenomination. Zambia published online a set of technical guidelines for theirs which is well worth reading. A significant revaluation would be the equivalent of a redenomination without a change in currency code.
11-14-2017 Newshound Guru Kaperoni Article: "The House of Representatives votes on two laws and ends reading five laws" Quote: "The Council completed the vote on the second draft law of the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) submitted by the financial committees and the economy and investment for the purpose of increasing the capital of the Central Bank of Iraq..." Parliament voted on CBI law.
11-14-2017 Intel Guru RayRen98 On Monday, Parliament passed 4 laws, and voted to give the CBI the ability to increase its capital and granting powers. Abadi's speech did not pinpoint the exact date of the "largest celebration ever in Iraq" however...I have just learned of that designated day but am awaiting further detail before disclosing it. Well, it's Terrific Tuesday and we're not even halfway yet! Time Will Tell!!
11-14-2017 Newshound Guru G-Lin Article: "The House of Representatives votes on two laws and ends reading five laws" Quote: "The Council completed the vote on the second draft law of the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) and submitted by the financial committees and the economy and investment for the purpose of increasing the capital of the Central Bank of Iraq and keep abreast of global economic development..."] [...great to see a vote finally on the cbi law ,this is one of the laws the IMF has asked for ,does it have to go into the gazette or is it now law...] I believe it needs to be entered into the Gazette or signed by the Pres. It usually happens rather quickly.
11-17-2017 Newshound Guru Don961 With Speaker Jubouri in America ... it seems Parliament got some work done ...finally voting on that CBI law to "keep pace with global economic development " ... reading laws related to transparency in investing arbitration ,.... promoting tourism and Iraq's rich history and antiquities as additional income streams...imo.
11-14-2017 Newshound Guru sandyf Of course Iraq can revalue at any time, done it several times over the years. A significant change can only be done at certain points in time. There is no precedent for anything other than percentage points on an overnight basis. [What are those "points in time?"...for any "significant" change...] It would need to be coincidental with an accounting period. Normally the smallest period would be a month... It should be fairly obvious that you cannot change wages an invoicing arrangements during a financial period. Also the structure of public companies would have to be altered. To understand the implications of a 'significant' change, people should look to what actually takes place during a redenomination. Zambia published online a set of technical guidelines for theirs which is well worth reading. A significant revaluation would be the equivalent of a redenomination without a change in currency code.
11-14-2017 Newshound Guru Kaperoni Article: "The House of Representatives votes on two laws and ends reading five laws" Quote: "The Council completed the vote on the second draft law of the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) submitted by the financial committees and the economy and investment for the purpose of increasing the capital of the Central Bank of Iraq..." Parliament voted on CBI law.
11-14-2017 Intel Guru RayRen98 On Monday, Parliament passed 4 laws, and voted to give the CBI the ability to increase its capital and granting powers. Abadi's speech did not pinpoint the exact date of the "largest celebration ever in Iraq" however...I have just learned of that designated day but am awaiting further detail before disclosing it. Well, it's Terrific Tuesday and we're not even halfway yet! Time Will Tell!!
11-14-2017 Newshound Guru G-Lin Article: "The House of Representatives votes on two laws and ends reading five laws" Quote: "The Council completed the vote on the second draft law of the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) and submitted by the financial committees and the economy and investment for the purpose of increasing the capital of the Central Bank of Iraq and keep abreast of global economic development..."] [...great to see a vote finally on the cbi law ,this is one of the laws the IMF has asked for ,does it have to go into the gazette or is it now law...] I believe it needs to be entered into the Gazette or signed by the Pres. It usually happens rather quickly.
11-14-2017 Newshound/Intel Guru Mnt Goat Article quote: "A member of the Committee on oil and energy parliamentary Razak Muhaibis, on Sunday, the government to send a draft law of oil and gas to the House of Representatives in order to vote on him, saying that the draft law "has been" since two parliamentary sessions because of "objection" the outgoing Kurdistan Region President Massoud Barzani and his party." ...now we know the truth 1) the oil and gas law is not yet completed; 2) it has been blocked by Kurdistan; 3) it is ABSOLUTELY needed prior to any RV.
11-14-2017 Intel Guru RayRen98 [...what are your most recent thoughts on the dong?] Nothing’s changed with the dong; rates have been 47 cents for a long time, with some chance of being $2+. We’ll have to wait on that, but I expect it to revalue with the dinar or shortly thereafter.
11-14-2017 Guest Newshound Guru Apmcrx Finalising Basel III reforms: Press release: "The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, welcomes the progress made towards completing the Basel Committee’s post-crisis regulatory reforms." “The Committee will keep working to finalise its reforms aimed at fixing shortcomings highlighted by the financial crisis to make banks safer and more resilient,” Upcoming meetings: 12-13 December 2017 (Basel, Switzerland)
11-14-2017 Intel Guru RayRen98 [...what are your most recent thoughts on the dong?] Nothing’s changed with the dong; rates have been 47 cents for a long time, with some chance of being $2+. We’ll have to wait on that, but I expect it to revalue with the dinar or shortly thereafter.
11-14-2017 Guest Newshound Guru Apmcrx Finalising Basel III reforms: Press release: "The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, welcomes the progress made towards completing the Basel Committee’s post-crisis regulatory reforms." “The Committee will keep working to finalise its reforms aimed at fixing shortcomings highlighted by the financial crisis to make banks safer and more resilient,” Upcoming meetings: 12-13 December 2017 (Basel, Switzerland)
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Elmer:
Not in today
Artmeister:
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Trump Says He Will Make A "Major Statement" When He Returns To The US
by Tyler Durden
Nov 14, 2017 6:34 am
After a 12-day tour through five Asian countries where he discussed the threat posed by North Korea and how America might shrink its massive trade deficits, President Donald Trump is heading back to the US Tuesday. And in true Trump fashion, the president hinted that he would be making a "major announcement" upon his return to the states - but offered no clues about what the topic of said "announcement" might be.Here's the tweet, sent around 1 a.m. Eastern TimeI will be making a major statement from the @WhiteHouse upon my return to D.C. Time and date to be set.
Donald J. Trump @realDonaldTrump 1:23 AM - Nov 14, 2017
There's also the possibility that he could deliver an official statement about Alabama Senate candidate Roy Moore, who Trump previously said should "do the right thing" and step aside if allegations about him having inappropriate sexual contact with a 14-year-old girl turn out to be true
Shortly before his teaser tweet about the upcoming announcement, the president hinted that he had made some major breakthroughs on behalf of the US's trading relationship in the region, claiming that the US's regional partners now understand that trade deficits "most come down
by Tyler Durden
Nov 14, 2017 6:34 am
After a 12-day tour through five Asian countries where he discussed the threat posed by North Korea and how America might shrink its massive trade deficits, President Donald Trump is heading back to the US Tuesday. And in true Trump fashion, the president hinted that he would be making a "major announcement" upon his return to the states - but offered no clues about what the topic of said "announcement" might be.Here's the tweet, sent around 1 a.m. Eastern TimeI will be making a major statement from the @WhiteHouse upon my return to D.C. Time and date to be set.
Donald J. Trump @realDonaldTrump 1:23 AM - Nov 14, 2017
Of course, there's a lot happening in Washington right now, and Trump's hinted-at announcement could be in reference to one of any number of issues. Will he deliver an update on the administration's position regarding tax reform as two bills that differ in dramatic fashion wend through Congress? Perhaps some type of security announcement? Or the revelation that the US has finally entered into talks with North Korea after Trump adopted a notably softer tone toward his favorite Asian antagonist over the weekend
There's also the possibility that he could deliver an official statement about Alabama Senate candidate Roy Moore, who Trump previously said should "do the right thing" and step aside if allegations about him having inappropriate sexual contact with a 14-year-old girl turn out to be true
Shortly before his teaser tweet about the upcoming announcement, the president hinted that he had made some major breakthroughs on behalf of the US's trading relationship in the region, claiming that the US's regional partners now understand that trade deficits "most come down
After my tour of Asia, all Countries dealing with us on TRADE know that the rules have changed. The United States has to be treated fairly and in a reciprocal fashion. The massive TRADE deficits must go down quickly
-- Donald J. Trump @realDonaldTrump 12:20 AM - Nov 14, 2017 · Dallas, TX
The president also took the time to thank the staff of the US embassy in the Phillipines for doing such "GREAT WORK" during his visit. Strangely, similar praise for other US embassies in the region was not forthcoming.d-- Donald J. Trump @realDonaldTrump 12:20 AM - Nov 14, 2017 · Dallas, TX
Catnip:d
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side not on English side)
The Council of Ministers holds its regular session chaired by Prime Minister Dr. Haider Abadi
14 November 2017
The Cabinet held its regular session on Tuesday 14 November 2017 under the chairmanship of the Prime Minister Dr. Haider Abadi.
Where the Council of Ministers formed a working group of the General Secretariat of the Council of Ministers and ministries and relevant bodies to carry out inventory and assessment of the physical and human damage that hit the provinces of Sulaymaniyah, Diyala and other areas due to the earthquake that occurred on Sunday 12-11-2017 and to report the immediate needs.
The Council called for holding a deliberative meeting between the representatives of the Ministries of Interior, Reconstruction, Housing and Municipalities on activating the work of the central balances according to the laws and regulations in force for the ministries and monitoring the violations and proposing practical solutions to regulate the work of the weights stations.
The council voted on an Iraqi project and vision for the future of the region based on development and security rather than differences and wars.
A 10-billion-dinar emergency fund was allocated to the Ministry of Health for the purpose of funding drug contracts, according to the ministry's highest priority.
The Cabinet also voted on the draft amendment to the first law of the Integrity Commission No. 30 of 2011.
The council also voted to reduce customs duties.
The Council discussed the situation in the region and its repercussions on Iraq and the peoples of the region and Iraq's firm position to stay away from the axis and play a role in the calm because what is happening in the region will harm all its peoples.
During the meeting, a report on the Derbandikhan dam and the damage caused by the earthquake was presented and the Ministry of Water Resources was authorized to invite international companies to prepare a comprehensive assessment.
The vote was also launched on the financing of 41 billion dinars for the reconstruction and rehabilitation of water and sanitation services to upgrade the service aspect in this area.
Prime Minister 's Media Office
14 November 2017
***************
ARTICLE 1-B (PM Abadi tweets, November 14 afternoon)
- The Cabinet today discussed the rising tensions in the Middle East. Iraq will play a positive role to reduce this escalation which benefits no one and harms the interests and the people of the region. Our vision is for shared security through cooperative economic development
- We are determined to pay the rightful salaries of state employees in Kurdistan region. We will do this carefully, based on actual numbers. We have no intention of cutting salaries as some have falsely claimed and we will strip away corruption and inefficiency by local authorities
- We do not seek confrontation with the Kurdistan regional government. We applied federal authority in disputed areas peacefully and border crossings must come under federal jurisdiction. I call on the KRG to cooperate with these measures to improve transparency and accountability
- As mandated by the constitution, we are committed to maintaining Iraq’s unity, applying federal jurisdiction in all areas, providing security and ensuring stability for the benefit of all of our citizens, especially those in the Kurdistan region
- We welcome the recent report from the World Bank supporting our economic reforms. We are pressing ahead with implementation of measures to encourage growth of the private sector and a business-friendly environment, including simplifying tax and customs, and tackling corruption19
- We extend our condolences to those who lost loved ones in the earthquake and wish a speedy recovery to those injured. The Cabinet today approved additional funds to support affected areas and established a committee to assess damages and needs, and expediting aid and resources
- After we defeat terrorism militarily, we will implement a strategy to ensure that terrorism never again returns to Iraq
- Our armed forces are conducting operations to liberate the remaining areas in western Anbar and to secure the Iraq-Syria border. Soon we will announce the final and complete victory against Daesh that the Iraqi people expect
***************
ARTICLE 1-C (Govt of Iraq tweets..November 14 afternoon)
- PM @HaiderAlAbadi: The Cabinet today discussed the rising tensions in the region. Iraq is willing to play a positive role to reduce this escalation which benefits no one and harms the interests and the people of the region
- PM @HaiderAlAbadi: We are determined to pay the rightful salaries of state employees in Kurdistan region, and we will do this carefully and based on actual numbers. We have no intention of cutting anyone’s salary as some have falsely claimed
- PM @HaiderAlAbad: We do not seek confrontation with Kurdistan region. We applied federal authority in disputed areas peacefully but border crossings must come under federal jurisdiction, and I call on the region to cooperate
- PM @HaiderAlAbadi: As mandated by the constitution, we are committed to maintaining Iraq’s unity, applying federal jurisdiction in all areas, providing security and ensuring stability for the benefits of all of our citizens
- PM @HaiderAlAbadi: We welcome the recent report from the World Bank supporting our economic reforms. We are pressing ahead with the implementation of measures to encourage the growth of the private sector and the creation of a business-friendly environment
- PM @HaiderAlAbadi: We extend our condolences to those who lost loved ones in the earthquake, and wish a speedy recovery to those injured. The Cabinet today approved funds to support affected areas and established a committee to assess damages and needs
- PM @HaiderAlAbadi: After we defeat terrorism militarily, we will implement a strategy to ensure that terrorism never again returns to Iraq
- PM @HaiderAlAbadi: Our armed forces are conducting operations to liberate the latest remaining areas in western Anbar and to secure the Iraq-Syria border. Soon we will announce the victory that the Iraqi people expect
- PM @HaiderAlAbadi holds his weekly press conference in Baghdad, briefs the media on latest national and regional developments
*************
ARTICLE 2
Abadi for the region: We do not wait forever to control the border crossings and we will take action
2017/11/14 20:47
[Ayna-Baghdad]
Prime Minister Haidar al-Abadi called on the Kurdistan region to hand over border crossings to the government, stressing that it "does not wait forever to receive it."
"I am not saying that our patience is being implemented toward the Kurdistan region by handing over border posts, but we will take measures to impose control," Abadi said at his weekly press conference on Tuesday.
"There are no invasions but a spread of federal forces in accordance with the constitution and our troops were very careful to prevent the collision, but the other side bombed to push for military conflict."
"We have achieved most of our demands and we have achieved a weakening of what was ambition in imposing the federal authority. It is not the victory of a party on one side, but the success of all Iraqis. We will remain vigilant for national unity and we will not allow any national or sectarian excesses."
He pointed out that "reducing the salaries of employees 20% is an open lie and an attempt to corruption launched from the Kurdish side, but this does not benefit them," stressing, "We are committed to pay the salaries of staff, but we will pay it accurately to the staff of the region and prevent access to parties."
He called the Prime Minister, "the head of the regional government [Nechirvan Barzani] to take over his duties and resolve things quickly and we know there is disagreement in the leadership of the security services in Kurdistan."
"We do not resort to slogans and slogans, but we are in the working stage and we want others to remain silent and not to descend to the level of moral low and personal things are affected."
"We are working to restore federal control over all borders and we can send an army and fight to control it, but this is not courageous in killing an Iraqi citizen and we want to achieve this smoothly and peacefully."
Abadi stressed "the constitutional position in preserving the unity of Iraq and the extension of the federal authority, which is in the interests of Kurdish citizens and control of the border and border crossings is a constitutional and subject to the federal authorities only, and directed us to prevent any confrontation with the Peshmerga."
"We will not allow the return of terrorism again and it will be a security challenge and we have a strategy for that," he said. "The next challenge is security. Terrorists in their areas of existence. Terrorism is a corrupt thought that kills civilians in bulk. It is not found in Iraq, but in all countries of the world. "
He pointed out that "an expanded meeting of the next phase is intelligence to confront terrorism and end the military confrontation and this needs the participation of all the security services with the cooperation of citizens being essential and vital."
"Seven people were killed by earthquakes and about 100 wounded, most of them terrified," Ebadi said.
"We have directed the monitoring of the Darbandakhan dam and today we have seen more reports that there are cracks in the body of the dam, but we did not know the level of danger, and funds have been allocated for the dam and international experts have been invited to conduct a comprehensive assessment," he said. "We have allowed the Ministry of Water Resources to bring in foreign experts."
"They continue with the process of economic reform and the fight against corruption is important and any development and economic reform can not succeed without fighting corruption," he said.
He added that "oil prices have risen from the past but still below the required level to pay the basic expenditures in the Iraqi budget and hope to continue to rise and continue in coordination with OPEC."
On another, the prime minister stressed that "the quota is wrong and incorrect, and some wanted to mix it with party work and the election work for quotas is wrong and we will remain determined to address these steps."
"The threat of withdrawing from the elections and the political process is not a problem, and another bloc or party will come in its place, and we welcome all political blocs to open up new faces and young leaders," he said.
At the same time, Abbadi said that "the number of people killed in road accidents during the year of 4 thousand people and 100 wounded, which is parallel to the victims of terrorism."
*************
ARTICLE 3
URGENT Abadi: Any reform measures will not succeed without fighting corruption
2017/11/14 18:33
Abadi: Any reform measures will not succeed without fighting corruption
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ARTICLE 4
Jaafari to Tunisia's new ambassador: Ready to increase investment and trade between the two countries
2017/11/14 22:19
[Ayna-Baghdad]
Iraqi Foreign Minister Ibrahim al-Jaafari received a copy of the credentials of the new ambassador of Tunisia to Baghdad Ibrahim al-Rizki. The two sides discussed ways to enhance cooperation between Iraq and Tunisia and ways to upgrade bilateral relations to the level of the two countries' ambitions.
"The relations between Iraq and Tunisia are numerous, and we are keen to establish a model relationship based on rapprochement and ties of brotherhood between the two peoples," Jaafari said in a statement to his office.
"The experience of Iraq in the face of the terrorist gangs was a pioneer, and we fought it with confidence. We achieved victories that dazzled the world," he said, stressing "the importance of coordination and cooperation between the two countries to confront the challenges."
Jaafari pointed out that "Iraq is an open market for investment, and we are ready to increase the volume of investment and trade with Tunisia."
For his part, Ibrahim al-Razzaki, Tunisia's new ambassador to Baghdad, expressed his country's interest in boosting bilateral relations and readiness to cooperate in all fields. He said that his country is keen to coordinate and consult continuously with Iraq on various issues of common concern.
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ARTICLE 5
Parliamentary Finance: We expect the arrival of draft budget law 2018 end of the month
BAGHDAD - November 15 - The Federal Finance Committee revealed on Wednesday that it is likely that the draft federal budget bill 2018 will reach the end of this month with a financial deficit of about 21 percent.
"There is nothing definitive about the arrival of the budget and it is likely that its arrival will be delayed until the end of the month," said Rahim Darraji, a member of the committee.
The parliamentary finance committee, announced earlier that "the Iraqi government estimated the amount of funds allocated for the budget next year by about 108 trillion dinars, a deficit exceeding 22 trillion dinars, equivalent to 21%."
"The size of the fiscal deficit in the budget next year 2018 is about 21 percent and that the government will rely on internal and external debt and increase the diversification of sources and improve the performance of the economy to meet the deficit in the country," said Majida al-Tamimi, a member of the committee. Budget and accordingly, the draft draft budget needs additional time to make amendments to it. "
Al-Tamimi said that "the Finance Committee seeks to cancel the pieces of salaries of employees to support the balance of the crowd and the displaced in a comprehensive manner and to restore the salaries of staff to what it is or reduce them appropriately." AH
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ARTICLE 6
Zimbabwe army seize power and "Mugabe okay"
2017/11/15 8:55
[Where - Continue]
The Zimbabwean army on Wednesday announced its takeover of the government in an attack on "criminals" surrounding President Robert Mugabe, but he reassured that the 93-year-old president and his family were "fine."
In a brief speech on national television, which was seized by soldiers overnight, a military spokesman said the army expected "things will return to normality once the mission is completed."
Troops were deployed in several locations in the capital Harare and controlled the state-run broadcaster on Wednesday morning after Mugabe's ruling Zimbabwe African National Union (ZANU-PF) accused the army chief of treason, fueling speculation of a military coup.
The army has arrested Finance Minister Ignacius Chumbo, a prominent member of a ruling party wing known as G-40 led by Mugabe's wife, Grace.
Just 24 hours after armed forces chief Konstantino Cheonga threatened to intervene to end a purge campaign against his ruling party allies, a Reuters journalist saw armored personnel carriers on major roads in the capital.
Soldiers asked passers-by to continue walking in the dark in a peremptory tone, and two hours later the soldiers took control of the headquarters of the official broadcasting agency ZBC, a key spokesman for Mugabe, and ordered the workers to leave.
Two staff members and a human rights activist said he had been dealt with harshly with many workers.
Shortly after, witnesses from Reuters said that three explosions rocked the center of Harare.
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ARTICLE 7
Stress protects you from dementia
NEW YORK (Reuters Health) - A little stress slows the effects of aging, reduces the risk of dementia and helps you live longer, a new study suggests.
The scientists found that exposing parts of DNA to moderate pressure, enhanced the protein that builds.
Experts say this happens because the "survival strategy" appears as a reaction to stress. However, too much stress is bad as it increases the risk of heart attacks and other serious illnesses.
"Chronic stress is always viewed as potentially harmful, but we have found that when you get some stress, mitochondrial signals are interpreted by cells as a survival strategy," said lead researcher Professor Richard Morimoto of the University of Northwest Chicago. "This made the animals tested stress resistant, thus doubling their age," he said. "It's like magic."
The researchers hope they can get the same results when human experiments are carried out. Professor Morimoto says the findings "offer a new strategy for looking at aging diseases in humans, how we can prevent them, or maintain the condition as we get older."
"Our goal is not to try to find ways to make people live longer but to improve health at the cellular and molecular level, so that everyone has good health throughout their lives," Morimoto said.
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