Word on the Street Saturday 12/9/17:
URGENT Iraq announces its withdrawal from Chapter VII
it's hitting many of the news publishers it must be important to iraq
(Baghdad: Al Furat News) The Foreign Ministry announced that the Security Council issued a decision to leave Iraq from Chapter VII.
"After the series of diplomatic successes achieved by the Iraqi Foreign Ministry has culminated in the issuance of a resolution of the Security Council to exit Iraq from Chapter VII in the oil-for-food program after the Foreign Ministry Spokesman Ahmad Mahjoub said in a press statement Complete all obligations of the program ".
"In continuation of the efforts of the Ministry of Foreign Affairs of the Republic of Iraq to end the files of Iraq in the Security Council inherited from the era of the former regime and issued under Chapter VII of the Charter of the United Nations, this ministry worked through our representative in New York, The United Nations and other Member States for the adoption of resolution 2390 (2017), adopted unanimously by the Security Council on 8 December 2017, in which the Security Council concluded that the parties (Iraq and the United Nations) have fully implemented the measures imposed by Chapter VII under resolutions 1958 { 2010} and Resolution 2335 {2016} ".
"The new resolution is an important step in the restoration of Iraq's natural status and international standing, which confirms the end of Iraq's obligations under Chapter VII on the oil-for-food program after it was implemented in full."
"In continuation of the efforts of the Ministry of Foreign Affairs of the Republic of Iraq to end the files of Iraq in the Security Council inherited from the era of the former regime and issued under Chapter VII of the Charter of the United Nations, this ministry worked through our representative in New York, The United Nations and other Member States for the adoption of resolution 2390 (2017), adopted unanimously by the Security Council on 8 December 2017, in which the Security Council concluded that the parties (Iraq and the United Nations) have fully implemented the measures imposed by Chapter VII under resolutions 1958 { 2010} and Resolution 2335 {2016} ".
"The new resolution is an important step in the restoration of Iraq's natural status and international standing, which confirms the end of Iraq's obligations under Chapter VII on the oil-for-food program after it was implemented in full."
URGENT Al-Abbadi announced Sunday an official holiday on the occasion of the Great Victory
Abadi's economic advisor puts big question marks on the mechanisms of currency conversion!
(Baghdad: Al-Furat News) The economic adviser to the Prime Minister of the appearance of Mohammed Saleh, there are significant question marks on the mechanisms of foreign currency conversion to Iraq.
Saleh said to the {Euphrates News} today, "to finance imports must be a conversion in foreign currency," noting that "there is a question mark on the currency sign caused by confusion between the implementation of monetary policy of the central bank to control the levels of liquidity and at the same time trade finance, To create this ambiguity. " He added that "the central bank has a project to rebuild the institution to finance the foreign trade of the private sector by opening credits to establish what is called Cdbank, which is a collective bank in which all Iraqi banks (Al-Ahli and the government) is a bank to finance foreign trade." He pointed out that "obtaining a currency under the pretext of financing trade causes monopoly," pointing out that "there is an alternative to this by rebuilding new standards to finance the private sector by establishing a large bank to finance this sector."
"If the Iraqi government finances its trade through documentary credits, why not finance the private sector in the same way," he said, pointing out that "the argument of not funding is that there are no possibilities to download documentary credits as a more transparent tool in trade finance. There are not a number of international correspondents cooperating with Iraq to create or Open these credits, because of the long isolation of the sector of the Iraqi bank. "
Word on the Street Saturday 12/9/17:TNT CONFERENCE CALL FRIDAY 12/8/17 DC NY CALL RECAP:Good afternoon TNT Superfantastic Family. Today is Fantabulous Friday. There are a lot things going on and looking forward too. This should be an exciting weekend. Lets start with the last update and bring us forward from that information. Some did have some television information yesterday actually late Wednesday evening, and we shared on Thursday as an update. They were saying on TV welcome to all American Companies to Iraq welcoming their business. I am now stating that the Kurds will receive more than the 12% previously discussed. We all kind of knew that anyway. It was reported that the Kurds have relinguished the possession of the border areas under dispute, and that would end the dispute. Lets see what addtional info that has come in and see if that can be shared on this call or not. It did come in late as I was getting underway. Just confirmation of something I already had. We have more TV info in Iraq. The CBI on the TV talking about the international allliance and info about all private training are complete. Hmm and statements on the TV about Economic Reforms coming, so they are putting it out there. Even the Grand Celebration and on TV is saying in 24 hours, but we know that it is less than that now. We know that the first speeches are supposedly at 11 am Iraq time. which would be 3 am ET here in the US. Banks are excited and at an all time high. Getting reports now from more than one source on currencies on the screens being blocked out, because they are expecting a rate change. Mainly the currencies that we are interested in and holding Dinar, Dong, Afghani, Rupiah, Rial, ZIM, and some others that you may or may not be holding. So that is the exciting information that we have at this point. Tomorrow will be the day to give us enough information to determine what excactly is going on who is doing what, and where are they going to do it. So that is where all the attention is focused now on December 9 and 10, with December 9 being the big thing with information coming from Abadi and some of the other speeches and announcements that are going to be taking place. That is it, as far as the intel I can share, so lets go to the questions: Q and A: Q: Won't they announce the rate change on the Dinar before the announcement or during the announcement, so the people of Iraq can know that the economy has changed? Wouldn't they announce the rate change before the announcement? Ray: the announcement of Liberation and they may all come at the same time. I thing the announcement will be that the rate is changed, and it will be about liberation and military activity ending and things of that nature and not specifically that the currency of the value has changed. But then again, if that announcement is made than one would think that the change would kick in or end unless the announcement is going to say a change is going to take place at such and such time in the future. That remains to be seen and we wait to hear on that. Q: EC Pope I don't know where to go to do my transaction . Ray: Did you check with your banks in the immediate vicinity, and do they deal with foreign currency or not, and for those that deal with it would be the first to take a look at. That is who you would call about contract rates and if 800 numbers come out to us, you call those numbers to get your questions answered, and we will post them on the site. Q: Do you think the first, second, third mouse scenario will pertain to the Zimbabwe currency? Ray: I don't know at this moment and have seen some info to be on the lookout for that. Lets go to the callers: Callers: Caller: Catnip: I look down at my question, but you had answered it. Thank you for all you do for us. Ray: Ok Caller: We are multiple currency holders so we are just waiting for this thing to pop, and looks like we will be having a very good Christmas. Do you thnk this will happen before Christmas? Ray: Sure. Ray's Wrap Up: Well guys, It is the weekend, and it is Fantabulous Friday. We know that there are things that are supposed to happen with Victory Week already underway in Iraq. First announcements 11 am Iraqi Time Saturday morning at 2 am Eastern. If you are up, you will probably be listening to the announcement, and we will find out the results from it. Of course, anything dynamic that we need to discuss or share, we will do that. If we have need for a Saturday call, we will do that also. So lets wait and see what the future brings. Right now 2 dates that are important to me are December 9 and December 10 regarding information. We will see what that information yields us on December 9 th and on the 10th. It will tell us what type of weekend to look forward to, and what type of week to look forward to. Anyway, if everything holds true, this will be an exciting Christmas for us. The first one like this that many of us have been waiting for. So we wait to see what happens next. 11 am Iraq time is the next time to focus on to see what happens and then Dec. 10. We will see what happens that day. Until then and in the meantime and in between time we wait. If there is a need to have a call we will reconvene , and I will get the info out to all of you. Everyone enjoy your Fantabulous Friday. I Believe! Rayren98Forex Rates:Closing Rates Friday Night ET
Symbol Bid Ask High Low Open Change Time USD/IQD 1,162.9000
1,213.9000
1,162.9000 1,162.9000 1,162.9000 0.0000
17:36 USD/VND 22,301.0000 22,301.0000 22,301.0000 17:36 USD/CNY 6.6112 6.6112 6.6112 17:36 USD/KWD 0.3014 0.3014 0.3014 16:13 GBP/USD 1.3389 1.3389 1.3389 17:36 USD/IRR 12,048.0000 12,048.0000 12,048.0000 17:51 USD/IDR 13,538.0000 13,538.0000 13,538.0000 16:57 CNBC Link:CNBC Morning Squawk Link:d:DC NY Iraq Articles:dURGENT Iraq announces its withdrawal from Chapter VII
Editorial Date: 2017/12/9 10:00 • 673 times prescribed(Baghdad: Al Furat News) The Foreign Ministry announced that the Security Council issued a decision to leave Iraq from Chapter VII."After the series of diplomatic successes achieved by the Iraqi Foreign Ministry has culminated in the issuance of a resolution of the Security Council to exit Iraq from Chapter VII in the oil-for-food program after the Foreign Ministry Spokesman Ahmad Mahjoub said in a press statement Complete all obligations of the program ".
"In continuation of the efforts of the Ministry of Foreign Affairs of the Republic of Iraq to end the files of Iraq in the Security Council inherited from the era of the former regime and issued under Chapter VII of the Charter of the United Nations, this ministry worked through our representative in New York, The United Nations and other Member States for the adoption of resolution 2390 (2017), adopted unanimously by the Security Council on 8 December 2017, in which the Security Council concluded that the parties (Iraq and the United Nations) have fully implemented the measures imposed by Chapter VII under resolutions 1958 { 2010} and Resolution 2335 {2016} ".
"The new resolution is an important step in the restoration of Iraq's natural status and international standing, which confirms the end of Iraq's obligations under Chapter VII on the oil-for-food program after it was implemented in full.Yar Allah: Iraqi land was completely liberated from the control of "Dahesh"
'The security scene Saturday, December 09, 2017 at 13:58 pm (17 views)Yar Allah: Iraqi land was completely liberated from the control of "Dahesh"BAGHDAD / The commander of the operations of the island and the Upper Euphrates and the deputy commander of joint operations, Major General Abdul Amir Rashid al-Jarallah, Saturday, announced the completion of the liberation of Iraqi territory completely from the control of the organization, "Daash" criminal.In a statement received by Sky Press, Yarallah said that "the pieces of the army represented by (the operations command of the island - 7th Infantry Division - 8th Infantry Division - Ninth Armored Division) and the Popular Brigades brigades (1-2-20-25-26-31- 33-40-41-44-Alawiyah) is able to liberate the island between Nineveh and Al-Anbar by supporting the army's air force and succeeding in clearing more than 90 villages and more than 16000 km 2 and maintaining the Iraqi-Syrian international border north of the Euphrates, 183 km ".He added that "the liberation of all Iraqi territory has been completed from the clutches of gangs and called on the terrorists and our heroic forces have tightened their control over the Iraqi-Syrian international border from Al-Waleed port to Rabia"Rafidain announces the disbursement of the three million advance to more than 2,400 retirees
Date of release: 2017/12/9 8:12 • 100 times read{Baghdad: Al-Furat News} Rafidain Bank announced the completion of more than 2400 treatment for retirees and disbursement of an advance of three million dinars to them through electronic payment tools.The Information Office of the bank said in a statement received by the agency {Euphrates News} a copy of today that "has been completed more than 2400 treatment of retirees who applied for the advance in the branches covered by the grant of the advance."
He pointed out that "the bank set a new mechanism for the three million, which was launched recently began to review retired one of the branches of the bank allocated for the advance for the purpose of submission and then get the fingerprint of retired in electronic devices to be included in the advance or not and then fill out the application form electronic advance."
The statement said that "after the completion of these steps will be sent a text message sms to the phone of the pensioner is informed of the approval of the grant of the advance and deposited in his card and then the retiree can withdraw at any time."Tomorrow .. Distribution of a new batch of salaries of full-time appointment in Dhi Qar
Date of release: 2017/12/9 11:23 • 60 times scheduled(Dhi Qar: Euphrates News) The Department of Welfare of Disabled Persons and special needs in the Ministry of Labor and Social Affairs announced that it will start on Sunday by launching a new batch of salaries of full-time appointment in the province of Dhi Qar."The distribution will be in the vocational training center in Nasiriyah and includes 199 beneficiaries of full-time assistance to people with special needs," a statement from the department said.
He explained that "the distribution will continue until next Tuesday, calling on beneficiaries to bring the fundamentalist documents of the disabled and appointed with a medical report and in the presence of the appointee only."
Source: Al-Abbadi will announce victory over a call during a military parade in central Baghdad
Fri, 08 Dec 2017 18:43:17
A military source said that the Iraqi army will conduct a major review in the Green Zone in central Baghdad.
The source said the review would be attended by Prime Minister Haider al-Abadi and a number of Arab and foreign ambassadors in Baghdad on the occasion of the end of the war against the motive.
He said Abadi would announce the final victory over the Wahhabi organization and free Iraq from any control of terrorism.
The commander of the operations of the island and the high-Euphrates Lieutenant General Abdul Amir Rashid Yaarallah announced at dawn today the launch of a new military currency to clear the remaining of the liberated land.Kauaihn Iraq Articles:ddddIraq declares the war to be over
Iraqi Prime Minister Haider al-Abadi announces the full control of his country's forces on the Syrian-Iraqi border. The Arabs
[Posted on 2017/12/09]
Our battle with an enemy wanted to kill our civilization'
BAGHDAD - Iraqi Prime Minister Haidar al-Abadi said on Saturday that his forces were fully in control of the Syrian-Iraqi border, stressing "the end of the war" against the organization of the Islamic state in the country."Our forces have taken full control of the Syrian-Iraqi border and hence declare the end of the war against Saddam," Abbadi said at the opening of the International Media Conference in Baghdad."Our battle was with the enemy who wanted to kill our civilizations, but we won our unity and determination, and briefly we were able to defeat the preacher," Abadi said.For its part, the Iraqi Joint Operations Command issued a statement announcing that the Iraqi forces were able to "liberate the island between Nineveh and Anbar by supporting the army's air force ... and maintain the Iraqi-Syrian international border north of the Euphrates from the Romana area to Tel Safok Hill, 183 kilometers.""The liberation of all Iraqi territory has been completed from the clutches of terrorist gangs and our heroic forces have tightened their control of the Iraqi-Syrian international border from al-Waleed port to Rabia."French President Emmanuel Macaron predicted on Thursday that the Iraqi government would announce the country's "total liberation" from the Islamic state by mid-month."Even if major efforts continue to advance the country, disarmament and mines, the country will be liberated before the end of the year and I hope to see in the coming months a military victory in the Iraqi-Syrian region," McCron said.On December 5, a spokesman for the International Alliance Against Terrorism said coalition estimates indicated that fewer than 3,000 fighters from a sympathetic organization were still in Iraq and Syria."Current estimates indicate that there are only 3,000 remaining fighters left," said US Army Col. Ryan Dillon on Twitter. "These are still a threat, but we will continue to support the forces of our partners to defeat them."Earlier this year, the so-called "caliphate" declared by the organization in Syria and Iraq collapsed with the loss of the cities of Mosul, Raqqa and other areas.Two days ago, Russian President Vladimir Putin announced the complete victory over the extremist organization on the banks of the Euphrates River in Syria, where he did not specify whether he indicated the end of military operations in whole Syria or only around the Euphrates valley.The Russian military intervention in the Syrian civil war in 2015 turned the rudder in favor of President Bashar al-Assad, Moscow's ally against the armed opposition fighting to oust him.Abadi announces the control of the border with Syria and calls on the media to put the truth to the citizens {extended}
Date of release: 2017/12/9 13:36 • 65 times scheduled(Baghdad: al-Furat News) Prime Minister Haider Abadi announced the liberation of the islands of Nineveh and Badia and control of the border with Syria."These victories are not for the Iraqis but for the Muslims and the world, and we have won with unity and determination," he said at an international media conference held in Baghdad today.
"Success is to respect each other and the defeated nation can not win over the enemy, while the united nation can triumph over the enemies," he said.
"We have to strengthen ourselves from within and there is an internal reform to win over the external enemy," he said.
"We do not want the distance between the media, the state and society to increase, and we have to reduce the distance in order to achieve the interests of the nation," he said.
"Reform is a permanent and repeated process and I hope that we will be in the throes of labor, but the nations are doing the labor," Abadi said.
"It is time for renaissance, and we have many friends in the world, and we have the ingredients of power," he saidIraq, Iran sign agreement to export crude oil from Kirkuk fields09-12-2017 12:55 PMThe Euphrates -The oil ministry announced on Saturday the signing of an agreement with Iran to export oil from the fields of Kirkuk to Iran, while the Director General of the Iraqi Oil Marketing Company (Sumo) Alaa Yasiri that the export process will begin soon.
Oil Minister Jabbar Ali al-Allaibi said in a press statement that an agreement was signed between Iraq and Iran that provides for Iraq to export oil from the fields of Kirkuk to Iran at the rate of 30-60 thousand barrels per day can be increased through the basin until the completion of the extension of an oil pipeline for this purpose.
Adding that the agreement signed by the Iraqi Oil Marketing Company (SOMO) with the Iranian side provides for the Iraqi side to transfer the quantities mentioned through trucks to the border point between the two countries near the province of Kermanshah, while the Iranian side delivered the same quantities and the same specifications through the ports of southern Iraq.
For his part, said the Director General of the Iraqi Oil Marketing Company Alaa Yasiri, that the agreement will contribute to the addition of a new export port of Iraq is an addition to the discharge of Kirkuk oil and economic feasibility of Iraq, providing Iraq with the costs of transportation to the south for export, as well as strengthening economic relations with Neighboring countries, stressing that "the export process will begin soon.Stop an international network of currency counterfeiting and smuggling between Lebanon and Iraq
09-12-2017 01:52 PM" A Lebanese newspaper reported Saturday that Lebanese security forces arrested an international network of currency counterfeiting and smuggling between Lebanon and Iraq, pointing to the confiscation of printers, photocopiers, scanners and papers used to print money.
The newspaper said that "within the framework of combating transnational organized crime, information was available to the Directorate General of Public Security about a gang engaged in counterfeiting and smuggling of currency between Lebanon and Iraq, and after a close follow-up and gathering information under the supervision of the Public Prosecutor's Finance was arrested Lebanese (BHF) Born 1974 '.
"The result of his interrogation was confessions that led to the arrest of the Lebanese (MH) who was born in 1975 and raided his home, which was used as a counterfeit currency printing shop where 848400 US dollars and 4,100,000 Iraqi dinars were being smuggled into Iraq, Printers, photocopiers, scanners, papers used in printing money, cell phones, electronic devices and a large quantity of weapons and ammunition were confiscated.
She said that he was investigating the Lebanese man and confronting him with seizures and evidence. He admitted that he was heading a gang to falsify US dollars and Iraqi dinars and smuggle them into Iraq by an Iraqi man named JNR who was stopped by the Iraqi authorities at Baghdad airport while trying to insert coins. Forged to Iraq ', indicating that' after the end of the investigation with the detainees with the seizure of the competent judiciary and work is underway to arrest the remaining persons involved '.Saudi, Iraq sign 18 Major Energy Deals
By John Lee.
Saudi Arabian companies have signed 18 agreements with the Iraqi government to jointly develop several key projects in the energy sector.
The statement from the Iraqi Oil Ministry gave little detail, but quotes the Saudi Minister of Energy Khalid Al-Falih as saying that Saudi companies are keen to develop relations with Iraq, adding that several important Saudi companies will open their branches in Iraq to “achieve more bilateral cooperation and expand the size of investments in the sectors of oil, gas, industry, importing, infrastructure and [other sectors].”
According to Reuters, both petrochemical giant Saudi Basic Industries Corp (SABIC) and Saudi Arabia’s Industrialization & Energy Services Co (TAQA) are planning to open offices in Iraq.Kauaihn Economic Times:ECONOMIC TIMES / CHATTERFOR TWITTER ACCTJust send a text message from your cell phone to:40404 (may have to add 40404 as a contact first) Then send a message that says: Follow @FactsnOpinion1 and you will join their twitter feed and instantly get the doc. You do NOT have to join twitter to get tweetsONLY SPACE IS AFTER FOLLOWwho are on their computers to go to:to get to our twitter feedGLOBAL/NEWS/INFO
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Gold edged up in early Asian trade on Friday, after dropping below its recent trading range to hit a more than four-month low overnight.
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BANKS/BANKING/CREDITTreasury Secretary Mnuchin’s Statement on Basel III
12/7/2017
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The digital currency breaks through $17,000, raising fresh concerns about its exuberant rise. Read the full storyScenes from Silicon Valley’s cryptocurrency craze: A melding of reality, fantasy and hype
MarketWatch
The hype that has fueled the skyrocketing prices of bitcoin and other cryptocurrencies was on full display this week in San Francisco, where a conference showcasing young companies seeking to catch the crypto wave before it crests offered a perplexing mix of a fantastical future and likely reality. Read the full storyPlace Your Bets on the Future of Money
Markets & Money
The future of money is here. And global markets are getting ready to place their bets. This Sunday, bitcoin’s legitimacy will soar to a new level. The CBOE Group Inc. launches the first cryptocurrency futures contract on Sunday night. The bitcoin market is about to get a whole more interesting. The post Place Your Bets on the Future of Money appeared first on Markets and Money. Read the full story
CURRENCIESForex - Dollar Remains Broadly Supported Ahead of U.S. Jobs Data
Investing.com
Dollar hovers at 2-1/2 week highs vs. other majors Read the full storyForex - Dollar at 2-1/2 Week Highs With NFP Report on TapInvesting.comPound rallies to 6-month high against euro after Brexit breakthrough
© Reuters. Dollar remains supported on tax reform optimism, eyes on U.S. jobs data Read the full story
MarketWatch
The pound rallied against all other major currencies on Friday morning, scoring a six-month against the euro after the U.K. and European Union came to an agreement on the terms of Brexit. Read the full storyPound rallies to 6-month high against euro after Brexit breakthrough
MarketWatch
The pound rallied against all other major currencies on Friday morning, scoring a six-month against the euro after the U.K. and European Union came to an agreement on the terms of Brexit. Read the full storySterling rises, euro edges down as Brexit deal may be near
Sterling rose while the euro edged down on Friday.
US dollar climbs to 108.50 against rupee in interbank market
Dawn
The US dollar has climbed by three rupees in the interbank market, DawnNews reported on Friday. The dollar is currently being traded at Rs108.50 in the interbank market. It had closed at Rs105.50 in the interbank market on Thursday. The pressure of payments on the external account is said to be the reason behind the rise in dollar's value. State Bank of Pakistan spokesman Abid Qamar told DawnNews that they are monitoring the situation as the trading is currently underway and the bank would Read the full storyRupee opens flat against US dollar
Livemint
Mumbai: The Indian rupee on Friday was trading little changed against the US dollar in the opening trade. Read the full storyForex - Dollar Gains In Asia Even As Japan And China Post Solid DataInvesting.com
© Reuters. Dollar gains in Asia Read the full storyForex - Yen Weaker Despite Strong Q3 GDP from Japan, US Nonfarm Payrolls Awaited
Investing.com
© Reuters. Yen weaker in Asia Read the full storyForex - PBOC Sets Yuan Parity At 6.6218 Dollar
Investing.com
Yuan parity Read the full story
USA/CANADAWhat to look for in the November jobs report
CNN Money
Four questions about the health of the economy that the November jobs report will help to answer. Read the full storyCanadian, Australian leaders say no to relocating embassies to Jerusalem
JNS.org
(JNS) The leaders of two of Israel’s closest allies, Canada and Australia, shot down the possibility that they would follow the U.S. and move their embassies from Tel Aviv to Jerusalem. Canadian Prime Minister Justin Trudeau. Credit: Radio Television Malacañang via Wikimedia Commons. “We will not be moving Canada’s embassy from Tel Aviv,” Canadian Prime Minister Justin Trudeau said during a visit to China, AFP reported. Following President Donald Trump’s announcement on Wednesday that he would Read the full storyCalifornia wildfires: Nearly 200,000 flee amid new blaze
BBC News
A woman's body is found in a burned-out area, and a new fire breaks out near San Diego. Read the full storyWhen Al Franken resigns, who will replace him?
CBS News
What happens next? Read the full storyCongress passes short-term deal to stave off shutdown, setting up late-December spending fight
The Washington Post
The House and Senate Thursday sent Trump a bill that would fund the government for two more weeks. Read the full storyMorning Brief: US jobs report will be released today
Yahoo Finance
Top news and what to watch on Friday, December 8, 2017. Read the full storyAide tries to refocus tax debate after Trump's corporate rate remark
Reuters
President Donald Trump's weekend remark about a scaled-back tax cut for corporations sparked behind-the-scenes debate in the U.S. Congress, with a White House aide trying on Thursday to minimize the impact of the president's comment. Read the full story
EMERGING MARKETSThe Port That Mirrors Brazil’s Promise and Problems – gCaptain
gCaptain
By David Biller and Marie Monteleone (Bloomberg) — To take the pulse of Brazil, drive an hour from Sao Paulo to the port at Santos, the busiest in Latin America. Curving inland from emerald waters and high-living beachfront condos, the harbor in the five-century old city is home to teeming favelas of huts on stilts, […] The post The Port That Mirrors Brazil’s Promise and Problems appeared first on gCaptain. Read the full storyBrazil is South America's Latest Rising Star Wine ProducerDidi, the ride-sharing giant of China, is coming to North America
JustLuxe
From a country that exports the most star soccer players and sets the bar for lavish Carnival celebrations the world over, it's easy to overlook Brazil as a major wine producer. Now the fifth largest in the Southern Hemisphere and one of Read the full story
China’s 'Period of Strategic Opportunity' in Mexico
The National Interest
Margaret Myers, Ricardo Barrios Economics, Latin America Beijing is looking to cash in on Trump's rhetoric against Mexico and NAFTA. As the Trump administration contemplates border wall prototypes and dissolving the decades-old North American Free Trade Agreement (NAFTA), China is taking a decidedly different approach to relations with Mexico. In recent months, Beijing has launched an unprecedented charm offensive south of the Rio Grande. In addition to a series of new investments, and renewed Read the full story
The Verge
Plans to expand to Mexico next year Read the full storyReasons for the Emerging Market Selloff
Bloomberg
Mark Matthews, head of Asia research at Bank Julius Baer, discusses the selloff in emerging markets. He speaks on "Bloomberg Markets: Middle East." Read the full storyEmerging markets just broke through ‘unbelievably strong support,’ technician saysCNBC
Even as emerging market equities have posted a banner year in 2017, some are concerned about troubles developing in the near term. Read the full story
MIDDLE EASTThe Middle East erupted in protest after Trump's Jerusalem announcement —
Business Insider
Palestinian protestors clashing with the Israeli army in the West Bank near Ramallah, the capital of the Palestinian Authority. Analysts forecast a swift backlash to President Donald Trump's decision to move the US embassy to Jerusalem and to recognize it as Israel's capital even before the announcement took place, and a day later, these prediction have been confirmed as protests erupted across the Muslim world. Although the Palestinian cause may not be as powerful of a call to protest as it has Read the full storyThe Wall Street JournalNetanyahu Visits EU With New Wind in His Sails
Israeli Prime Minister Benjamin Netanyahu makes his first-ever official visit to EU headquarters on Monday with the air of someone holding the upper hand, but translating that into diplomatic progress will be a challenge, Laurence Norman writes. Read the full storyTensions in the Middle East keep getting worse
Business Insider UK
The Gulf Cooperation Council Summit saw tensions rising between Qatar and Saudi Arabia. Saudi Arabia and the United Arab Emirates have been cooperating on their own outside the GCC, causing their neighbors worry. Increased geopolitical strife in the Middle East could have a huge impact on oil markets. The 38th Gulf Cooperation Council (GCC) Summit resulted in a showdown between Qatar and its Saud-led alliance counterparts. Saudi King Salman decided to send a lower diplomatic delegation in his Read the full storyInside The Real (And Really Secret) Middle East Peace Process
HuffPost
WASHINGTON ― A little over a month ago, Iran established something close to a diplomatic presence in Saudi Arabia for the first time in nearly two years. The Saudis, for their part, got an equivalent not-quite-embassy in Iran. Suddenly, two regional powerhouses whose rivalry had caused hundreds of thousands of deaths and untold global instability seemed a little closer to peace ― courtesy of Switzerland, which announced on Oct. 25 that it would represent Saudi interests in Iran and vice ... Read the full storyAnti-U.S. protests spread across the Muslim world
NBC News
Protesters shouted anti-American slogans and burned an effigy of President Donald Trump in front of the U.S. Embassy in Kuala Lumpur, Malaysia. Read the full storyMinister: Al-Da'ashi terrorism in Iraq is over Thank you DC(Baghdad: Al Furat News) The Minister of Justice, Haider Zamili, said that terrorism in Iraq has ended."The next days will announce the stage of building the country," al-Zamili said during a reception at his official office on Thursday, the Armenian ambassador to Iraq, Karen Krikorian, praising the support of friendly countries for our security forces in its war against gangs Terrorist and achieve the final victory. "The two sides discussed "the latest developments on the level of common relations and the current situation."In turn, the Armenian ambassador to Iraq expressed the readiness of the Armenian government to provide various kinds of cooperation with Iraq in all fields.AFRICAZimbabwe: China Makes $220 Million Move
AllAfrica
CHINA yesterday became the first global power to offer financial support to President Emmerson Mnangagwa's new administration, unveiling US$218 million in grants and loans and committing more funding as the international community starts to engage with a post-Mugabe Zimbabwe. Announcing the deal, Zimbabwe's Finance and Economic Planning Minister Patrick Chinamasa signaled that the country's new administration, led by the sinophile Mnangagwa, was looking to pursue a China-inspired economic Read the full storyZimbabwe announces budget amid hopes of economic revival
Aljazeera
Zimbabwe's first budget under new President Emmerson Mnangagwa has been announced in Parliament. The new government has pledged to re-engage with international lenders, curb spending and attract investors. The aim is to revive an economy battered by years of corruption under former President Robert Mugabe's rule. Al Jazeera’s Haru Mutasa reports from Harare. Read the full storyNew Govt Presents Zimbabwe's 2018 National Budgethttps://news.pindula.co.zw/
AllAfrica
New Govt Presents Zimbabwe's 2018 National Budget It's two weeks since Emmerson Mnangagwa was sworn in as president after he was fired from the government on November 6 by his predecessor, thanks to the intervention of the military. And he has promised to hit the ground running so the Budget should gi Zimbabwe:National Budget Presented - Live Blog Read the full storyZimbabwe budget woos foreign investorsBusiness confidence, corruption Zimbabwe's key challenges: Finance minister
BBC News
The country has had its first budget since the end of Robert Mugabe's 37-year authoritarian rule. Read the full story
eNCA.com
Chinamasa has outlined the country’s plans to boost the economy, following Robert Mugabe’s resignation as President. Read the full storyPresident Mnangagwa To Reintroduce Zimbabwean Dollar Says Mutsvangwa - Pindula News Simple Zimbabwe News2017/12/07/president- mnangagwa-reintroduce- zimbabwean-dollar-says- mutsvangwa/ ASIA‘Everything’s OK’: China hits back at IMF verdict on health of banking system
South China Morning Post
Central bank says assessment ‘failed to comprehensively reflect the actual results’ of stress tests Read the full storyHotels around the world are feeling China's curbs on money leaving the country
Capital controls in China have slowed the global shopping spree undertaken by Chinese coporates and the hospitality sector is feeling their effect.
China has one big advantage in the race to build the car of the future
Michael Dunne, president of Dunne Automotive, said China could facilitate an autonomous driving market quicker than the United States.
2017 has been a stellar year for Asian stocks, and HSBC says there are more gains to come
Business Insider
Even Hans would be impressed. Asian stocks have surged this year, led by China, South Korea and India. HSBC says that earnings growth and multiple expansions will help power further gains next year. The largest downside risks lie with higher interest rates in Asia, quantitative tightening from the Fed and a return of volatility. 2017 has been a very good year for Asian stocks. Here, look: From HSBC, it shows the year-to-date returns for various markets across Asia. With the exception of Read the full storyChina denies making impossible demands for collapsed US$14 billion infrastructure deal with Pakistan
South China Morning Post
Beijing did not ask for ownership rights to Diamer-Bhasha dam, an unnamed official with China’s top planning agency was quoted on state media Read the full storyOil edges higher on Chinese demand, but weekly losses loom
The Globe and Mail
U.S. crude output hits highest levels since 1970s Read the full storyEUROPEBritish PM May travels to Brussels in hope of clinching Brexit deald
British Prime Minister Theresa May will meet European Union chief executive Jean-Claude Juncker before dawn in Brussels on Friday.
Brexit Bulletin: Breakthrough Before Breakfast
Bloomberg
The U.K. and the European Union are ready to move on to Brexit trade negotiations after reaching an agreement on the Irish border and other issues. “Both sides had to listen to each other, adjust their position and show a willingness to compromise,” European Commission President Jean-Claude Juncker said in Brussels Friday morning. “This was a difficult negotiation for the European Union as well as for the United Kingdom.” Prime Minister Theresa May traveled early Friday with an offer to unlock Read the full storyAfter nearly a decade of economic crisis, Greece has stopped dreaming
People in Athens remain dissatisfied and doubt their situation will improve in the short-term.
UK manufacturing sees slight growth as construction output falls drastically
The Independent
UK manufacturers eked out some growth in October, but construction output fell drastically, according to a mixed batch of data from the Office for National Statistics. Read the full storyUK inflation expectations rise to highest level in more than two years
The Independent
The British public's expectations for inflation over the medium term rose to their highest in more than two years, and Britons also expect a faster pace of interest rate rises, a Bank of England survey showed on Friday. Read the full storyStocks - European Markets Open Mostly Higher in Risk-On Trade
Investing.com
© Reuters. Frankfurt Stock Exchange Read the full storyEuropean Parliament delegation raises concerns over Basic Law interpretation, media censorship
South China Morning Post
Chairman of body dealing with China made comments on final day of three-day visit to Hong Kong Read the full storyBlessed and Highly Favored:CBI Update:The CBI is closed on Friday and SaturdayISX Update:The ISX is closed on Friday and SaturdayKauaihn Chatter:12-8-2017 *** Dinar Guru NewsUpdate *** Intel AND Newshound Gurus are now reporting a liberation celebration and/or announcement is expected to take place on Saturday in Iraq...that's tomorrow. PM Abadi appears to have delayed this official announcement until desert regions and all borders were secure (and perhaps some other loose ends). If this actually takes place as intel and news reports indicate, it is a HUGE step and victory for Iraq in more ways than one...stay tuned as the gurus uncover what impact this will have on the exchange rate of the dinar.... [The latest guru updates will continue below...]12-9-2017 Newshound/Intel Guru Mnt Goat Article: "UPGRADING OF IRAQI CURRENCY TO POLYMER" We...know that in 2013 the CBI conducted a study to determine the best and most secure banknotes. So we know by this article they had to trash all the newer banknotes already printed by the DR Shabibi era and print newer ones. Could this be one of the holdups to the RV? We also know by an article in 2015, that they decided on a German company to print the newer polymer banknotes. ...these banknotes were ready and delivered to the CBI in 2016 and in November of 2016 the CBI began selling them to the banks throughout Iraq and stockpiling them. Of course they did not just give the banks FREE money and the banks had to pay for the newer notes, thus the banks have all this capital tied up in these newer banknotes and can’t do a thing with them until allowed to. [post 1 of 2....stay tuned]12-8-2017 Intel Guru RayRen98 This should be an exciting weekend. The CBI is talking about the ‘international alliance’ and that all bank trainings are complete. Iraqi television says that the celebrations are starting up, with the first speeches to be at 2am EST for us. Also, the Iraqi television says “economic reforms coming within 24 hours.” The US banks are at an all-time high in terms of excitement; more than one source says that currency rates are blacked out because they expect a change. Tomorrow should be the day for us to determine what is going on, when, and who is going to go it. Our focus is on December 9 for the big speeches/ announcements, with celebrations for the next few days.
12-8-2017 Newshound Guru MilitiaMan Article Quotes: "The official ceremony will be held on Saturday at 11:00 am at the Al Rasheed Hotel" "The meetings of the symposiums and intellectual and research sessions will begin to discuss the future of security in the world and the role of the media in adhering to extremist ideology on Sunday" So it looks as though Saturday and or Sunday, may be good either way and it is Saturday now in Iraq.. imo
12-8-2017 Newshound/Intel Guru Mnt Goat So what do the people then use for currency? First – they lessening the need for any currency by the implementation of the new electronic banking practices we have been reading about; Second – they are launching other notes to use as they told us in this article namely the 1,000, 500 and 250 dinar categories. Third – We know from past articles new currency will be issued in denominations of 5, 10, 25, 50, 100, and 200 dinars for banknotes and 25, 50, 100, 250, and 500 fils, plus 1 and 2 dinars for coins. The designs have been already chosen...and they are printed and minted...All of these categories, mentioned...are denominations that are in the final set of currencies that will REMAIN as permanent currency post RV. ...the CBI also told us that the older 3 zero notes will coincide and be in circulation with the newer 2017 notes for up to 10 years, but these notes will be mainly for inter-banking transactions and not intended for the general public use. ...if you read the history of the dinar since the invasion of 2003, you can see that the plan was never to go very long without replacing the currency and value. This is evident and proof by the 50 and 1000 banknotes and 250 and 500 fils already in circulation. [post 2 of 2]
12-8-2017 Newshound/Intel Guru Mnt Goat Article: "THE CENTRAL BANK HAS ANNOUNCED A TENDER FOR THE PRINTING OF NEW BANKNOTES (SMALL CATEGORIES) AT THE INTERNATIONAL PRINTING COMPANIES." ...those that do not know that to “tender an offer” means an offer to purchase. But we know they made this offer in 2015 and so the newly printed notes were delivered and they are now telling they distributed them to the banks (in exchange for banks assets) from Nov 2016 thru Nov 2017 and this effort has now concluded. I quote from article: “HAVE BEEN DISTRIBUTED AMOUNTS given to banks during the month of November last year." This is a WOW article. Amazing...! They are telling us they are launching these new notes to the banks now and have been loading the banks with them since last November. They even gave us the amounts they sold to the banks. Note they did not distribute any 10,000 (10K) or 25,000 (25k) three zero notes (the ones they want to delete) and this is very significant...they are slowly phasing them out. [post 1 of 2....stay tuned]
12-8-2017 Intel Guru Bruce What it amounts to is certain 3 letter agencies are giving Iraq the opportunity to go ahead to get that new rate out. We understand our exchanges are contingent on that happening. Once that occurs we should be able to go ahead and do the exchange for our currencies. That is very important to the timing for us. The stage is being set for Abadi’s finale announcement to be made again. We will have a final announcement coming over the weekend. AT that point we believe the new rate for the Iraqi dinar would be visible to the world internationally. Rates are good and continue to trade up. You are going to be happy. [post 2 of 2]12-8-2017 Intel Guru Bruce Why would 92 countries represented with 113 companies have delegations from all those countries and companies represented to do business in Iraq and all arrived this afternoon in Iraq? Because...They wanted to do business in Iraq and they want to be invested in Iraq’s stock exchange for some of them. Maybe some of them want to be on the Iraqi stock exchange. Why are these representatives in Iraq for the next 3 days? They are there to sign contracts and engage in business with Iraq. Why would all of these countries and companies be represented in Iraq at this time? They might be there to witness to see what is happening for National Wedding Day on Saturday in Iraq and there to see if Iraq puts out a new rate for the Iraqi dinar over the weekend. [post 1 of 2....stay tuned]dElmer:Not in todayArtmeister:Sent: Friday, December 08, 2017 5:36 PMSubject: Fwd: Dinar Update Friday MorninSubject: Dinar update Friday EveningSummary: There seem to be some problems with exchanges in Reno. Group exchanges doing better in Hong Kong and Zurich. I hear from a few sources that there is some kind of friction between the Admirals Group and the Elders. Admirals group seems to be a group of retired military/Military civilians charging large commissions for their position to handle the exchanges. The Elders may not like the large commissions, higher than usual FOREX or other currency exchanges.Celebrations in Iraq starting 2 am tomorrow morning EST. Speech by Abadi expected to announce RV.New Zimbabwe president reintroducing Zimbabwe DollarAll Countries are Ready" - Fri. PM KTFA Thoughts/News12/08/2017 09:02:00 PM KTFA, News, ThoughtsKTFAStephenMac63 - December 8th, 2017The speech.It is understood that Abadi can give the speech on Saturday at the Rasheed Hotel. It would only make sense as there are many important people there for a purpose that can only exists if a country is fully liberated.Abadi certainly has the right to give this speech as he and his country deserve it.It has been said that once the speech is given, all heck would break loose. Of course, its a market of over 32 million Iraqis that companies will now be tapping into.There are several scenarios we need to think through.1 Abadi gives speech and all heck breaks loose and everyone is hunky-dorey. After that we watch the CBI.2 Abadi gives the speech and it isnt released to the general public just yet. What happens? We know how the media works, a couple days later......at minimum........sometimes.3 Abadi "doesnt" give the expected speech. Who is it that will be inconvenienced the worse and what will the repercussions be? Answer.....the Long Line of Investors...all those banks that went in and set up shop, ect.I am personally of the opinion that the speech will be given as planned, but not released to the general public and the rate will change afterwards. I believe we will see that the rate will change first before we hear about the speech, otherwise the CBI will have to change the rate exactly at the time of the speech to prevent the hedge fund companies swooping in.In the meantime, I feel that when we actually see a rate change, we can then know the speech was given even if it isnt released to the public. It is at this point you will be able to see for yourself the time lag of news reporting and media manipulation.Imo, we are in the best position possible, Abadi has to lay down his cards....which ones is up to him. I know the rate can be retroactive for the year but Im going to try western logic and expect to see some sort of difference before Jan 1. Thats just for me but somehow I feel comfy with that, and yes, its just a feeling, thats all. Hope this helps.yCatnip*************ARTICLE 1 (from PM Abadi's website)No new postings since December 7, 2017 at time this report submitted for inclusion in December 9 WOTS.*************ARTICLE 2Foreign: The Security Council issued a decision to leave Iraq from Chapter VII2017/12/9 10:32[Ayna-Baghdad]The UN Security Council issued a resolution to get Iraq out of Chapter VII."After the series of diplomatic successes achieved by the Iraqi Foreign Ministry, its efforts culminated in the issuance of a Security Council resolution to remove Iraq from Chapter VII in the oil-for-food program," Foreign Ministry spokesman Ahmed Mahjoub said in a press release. After completing all the commitments of the program "."In continuation of the efforts of the Ministry of Foreign Affairs of the Republic of Iraq to end the files of Iraq in the Security Council inherited from the era of the former regime and issued under Chapter VII of the Charter of the United Nations, this ministry worked through our representative in New York, The United Nations and other Member States for the adoption of resolution [2390] 2017, unanimously adopted by the Security Council on 8 December 2017, in which the Security Council concluded that the parties [Iraq and the United Nations] have fully implemented the measures imposed under Chapter VII under resolutions 1958 [ 2010] and resolution 2335 [2016] "."The new resolution is an important step in the restoration of Iraq's natural status and international standing, which confirms the end of Iraq's obligations under Chapter VII on the oil-for-food program after it was implemented in full."*************ARTICLE 3Rafidain: disbursing the three million advance to more than 2,400 retirees2017/12/9 8:39Rafidain Bank announced the completion of more than 2400 transactions for retirees and the disbursement of an advance of three million dinars to them through electronic payment tools."More than 2,400 transactions have been completed for retirees who have applied for the advance in their branches to grant the advance," the bank's information office said in a statement received by the agency All Iraq.He added that "the bank set a new mechanism for the three million, which was launched recently began to review retired one of the branches of the bank allocated for the advance for the purpose of submission and then get the fingerprint of the retiree in electronic devices to be covered by the advance or not and then fill out the application form electronic payment.He noted that "after the completion of these steps will be sent a text message sms to the phone of the pension is notified to approve the grant of the advance and deposited in his card and then the retiree can withdraw at any time."*************ARTICLE 4Yar Allah announces the cleansing of 7,000 km 2 in Western Sahara2017/12/8 18:12[Ayna-Baghdad]The head of the clearance operations of the island and the Upper Euphrates team Lieutenant General Abdul Amir Rasheed Yarallah cleared 7,000 km 2 in Western Sahara."The army divisions of the [Al-Jazeera Operations Command - 7th Infantry Division - 8th Infantry Division - 9th Armored Division] are able to clear 10 villages, [M] Al-Khawra - Abu Hait - Al-Kaidain - Sarib - Al-Basala] "."The area of more than 7,000 km2 has been cleared on the second page of the second phase of the clearance operations of the island and the Upper Euphrates," he added.*************ARTICLE 5The liberation of 68 villages in the depth of the Western Sahara and up to the Syrian border2017/12/9 11:14[Ayna-Baghdad]The popular crowd announced the liberation of 68 of the 80 villages scattered deep into the Western Sahara and up to the Syrian border."Popular forces have liberated 68 villages out of 80 villages deep into the Western Sahara and up to the Syrian border," the Popular Popular Media said in a press release."Our forces have inflicted heavy losses on lives and equipment," he said.*************ARTICLE 6The popular crowd announces full control of the Iraqi-Syrian border2017/12/9 11:58[Ayna-Baghdad]The commander of the popular mobilization Abu Ali al-Basri, Saturday, the completion of military operations and full control of the Iraqi-Syrian border, while stressing that the crowd began to fortify the border line."The military operations on the island and the desert have been completed today with full control of the Iraqi-Syrian border," the statement said. "The forces began to fortify the border line with Syria and the victory was achieved in full. Region".Basri added that "a request was made with the Iraqi army forces advanced from the south, and the region was completely cleared and the discovery of laboratories for booby-traps and stores for weapons and weapons," asserting "the entire island under the control of the Popular Forces."The operations of [Messenger of Allah Seal of the Prophets] began on its third page on Friday.
link
BAGHDAD (Reuters) - Iraqi Prime Minister Haidar al-Abadi has announced that he will cancel the official working day in Iraq on the occasion of the Great Victory, the General Secretariat of the Council of Ministers said.
URGENT: Baghdad Municipality holds celebrations tomorrow to mark the victory of the Grand
link
BAGHDAD / Iraqi National News Agency (NINA) The Municipality of Baghdad will hold mass celebrations tomorrow to mark the announcement of the great victory and the final.
"The Secretariat of Baghdad congratulates the Iraqi people by proclaiming the great and final victory and liberating all the lands from the bandits," the Secretariat's Directorate of Media and Relations said in a press statement.
She added: "Various mass celebrations will be held tomorrow within the division of each municipal department of the Secretariat, including the launch of fireworks in the skies of Baghdad and the distribution of sweets and Iraqi media to the security forces."
She added that "the celebrations of the Municipality of Baghdad will include a number of different events and the presentation of national songs in the giant television screens and the installation of leaflets decorations and signs on the buildings and mechanisms belonging to it and in bridges and bridges."