Word on the Street Thursday 1/11/18:
TNT CONFERENCE CALL WEDNESDAY 1/10/18 DC NY CALL RECAP:
Good afternoon TNT Superfantastic Family. Today is Hump Day. You know we had so much non new intel to share. Everything is status quo and the same as on Monday basically info wise. I think the only change is some banks that were communicating to members and one or 2 of us of a 24 hour window and things should start popping. Of course that communication came out yesterday and very much expecting to be doing something sometime today. Basically their expectations were on yesterday. Now we are awaiting new info today, and no need to delay the call. The expectations from the banking community, they had a meeting on Monday and now all hush hush. We have had members bank contacts say yes we are awaiting 800 numbers, and more people are expecting it and are aware of something that is yet today. Just don't know the final day and the last that we heard the plan had not changed and for the exchange activity to begin prior to the forex release, and that expected forex release is somewhere around the 15th give or take a day. That was the last plan of expectation that we were given, and the only info that we have to go on. As we progress from Monday to Tuesday sounded like that plan was formulating. Now going into Tuesday, we await further update and where we are with that plan and progress status of where do we go. You need to make sure it is time to go and why are you going. The banks from now to the close of business say come on, and we are exchanging. The rate is where we want it to be, and the rate is $3 $4 $5 whatever the case may be, and we still have to answer why are we going especially in the wake of new strategic info that we were sharing not only the expectation of the Dinar riding the wave so to speak on Forex. Now we learned other currencies could do the same thing. Now we have a series of currencies and entertain the idea of it we can exchange this week why would we do that knowing its going to be played with on the market next week where the rates could go higher. Information came to us is they expanded on the number of currencies that could have a nice upswing when they are released on Forex. With that knowledge why go to $4 when next week, the market could take it to $8. Make sure you address your why when you make a move. If there is window or opportunity to proceed and heading to the bank make sure you are addressing the why. Get the most out of this experience. That is it for the Intel. Q and A: Q: Have any of your US bankers addressed the issue with verification? Ray: 20 minute appointment is all you need and every bank has a money counting maching. Verifying if the currencies are legitimate is another case. It will only take a minute to count 40 notes. All could be done in a 20 minute appointment. This is all for the average situation. Q: How do you see the exchange and GCR affecting the USD? Ray: I will pass and I don't see a change that I can speak on. Q: Are they planning to bring back the ZIM notes that we are holding? Ray: I have not heard that yet or any plans to bring them back into circulation as of yet and no timeframe to redeem exchange on the ZIM notes you are holding. Q: I was thinking of taking notes to multiple banks. Ray: I would rather take all notes and exchange at one bank and divide the money amongst 5 banks. Q: Today is the 10th has the planned changed to exchange, and what date do they want us to be exchanged by? Ray: So far the plan is the same. Q: When Tony mentioned that 40% of the contract rates had been used did he mean 60% were paid to the people or that had been allocated to groups and paymasters? Ray: Hmm I need to check with him on that. Q: If 6 million people hold an average of 100,000 Dinar and Iraq revalues at $3.00 per dinar, thats 1.8 trillion USD knowing some of that will be paid in oil credits, can they really support that much of a payout? Ray: Lets just wait and see,.and whatever it is will be more than you paid for it. Q: Will municipal bonds be tax free? Ray: Yes, since they are a tax free program for any entity. Q: If rate changes on Forex on the 15th does that automatically force the banks to change their rates? Ray: The bank is not changing their rates and going by what they see in the system. Q: Any reason they choose the 15th to change their rates? Ray: No idea. Q: Is it possible for them to decide to wait to the 15th or 22nd? Ray: Yes that is very possible. Q: It was mentioned the ZIM would be a bond and paid out on 25 year period. Ray: I have no idea until we have more info. Q: As with the revalue of Kuwait currency years ago and recently with the Swiss Franc both of these revalued on their own. why does the dong and other currencies have to wait till Iraq revalues. Ray: That has been my questions for 2 years now. Q: ZIM is confusing when I walk into the bank with a ZIM note, what do I walk out with? Ray: The last rate that was given .00012 and we were told it was a float rate of .00010 to .00022. If we go .00012 rate and holds true a 100 trillion note should be 120 million USD coming out. Q: If we don't go for the contract rate on the Zim could we still exchange later? Ray: Yes Q: Have prices changed in Iraq on goods? Ray: We have not heard anything yet on that. I will make inquiry on that. Q: Any update with UST on the dinar? Ray: Nothing that I can share. Q: Any IMF rules restrict a foreign currency from moving up and down less than 2 % in a timeframe. Ray: No, I am not aware of any of that with the IMF. Q: How can ZIM go on Forex when it is not in use? Ray: We will see and how we can benefit is the important thing. Callers: Caller: 865 Catnip: I appreciate all the updates and reminders of strategies. What are you hearing from your sources that dinar is no longer being sold to currency dealers? Have they even addressed that or consider it important at all. Ray: I have not even heard that. Caller: 512 I have questions about the Dong. Will it float after going on Forex? Ray: I am not expecting that on the Dong. Q: I heard it will come out at $2.00 Ray: We don't know that remains to be seen, and there have been some hints. We have heard .47 cents. Caller: Is there a contract Rate? Ray: Some people have quoted contract rates over the years on the Dong. Caller: Are all the banks you have going to exchange all of the currencies? Ray: I don't know about the ZIM. The list was based on the Iraq Dinar. We were told there Wells Fargo is still the lead bank for the ZIM but not the only bank. Ray: For the ZIM Holders are you prepared and info we were given about the ZIM and told you from the beginning that they would do something with the 100 and 50 trillion and take 6 zeroes off, and it would be worth 11 or 22 million. We don't really know what will happen with the ZIM. Take it for what it is worth. Ray's Wrap Up: What this is about is what if scenarios. This is just information coming from the best sources, so you can plan accordingly. The rest will be up to you! All this is information is to prepare yourself when this is ready. Be Ready and Be prepared. Capitalize on the moment. When this thing pops, sit on your hands and wait a minute. Access the situation, and then we will be able to tell you this is what has happened. Whatever that reality is and you were prepared for when you get the real information, there will be only 2 words for you to say and that is Thank You. Then we move forward. That is what I Believe! What do you Believe? It is Already Done! Rayren98
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,171.4000 | 1,166.5000 | 1,171.4000 | | 07:10 |
| USD/VND | | | 22,674.5000 | 22,366.0000 | 22,461.0000 | | 07:10 |
| USD/CNY | | | 6.5177 | 6.4949 | 6.5073 | | 07:11 |
| USD/KWD | | | 0.3012 | 0.3006 | 0.3011 | | 04:25 |
| GBP/USD | | | 1.3516 | 1.3458 | 1.3512 | | 07:11 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,435.0000 | 13,362.0000 | 13,435.0000 | | 07:09 |
CNBC Link:
CNBC Morning Squawk Link:
No link yet.
DC NY Iraq Articles:
In the document .. 38 earthquake hit Iraq today
11-01-2018 01:43 PM
The Euphrates -
The General Authority of Meteorology and Seismic Monitoring of the Ministry of Transport revealed today that 38 earthquakes, the majority of which exceeded five degrees on the Richter scale hit several areas in Iraq.
The agency said in a report today that the seismic observatories of the body recorded 38 earthquakes, between 3 to 4.2 degrees on the Richter scale. "Citizens are called to adhere to the commandments of the Zelzal and not to listen to rumors and false news.
The agency said in a report today that the seismic observatories of the body recorded 38 earthquakes, between 3 to 4.2 degrees on the Richter scale. "Citizens are called to adhere to the commandments of the Zelzal and not to listen to rumors and false news.
The seismological monitoring agency of the Ministry of Transport said in a statement today that the earthquake that occurred at 9:59:31 local time this morning was 5.5 on the Richter scale. Adding that the quake was 25 degrees southeast of Mandali, 104 degrees southeast of Baghdad, "indicating that the citizens felt it.
A reform bill introducing changes to salary and pension systems was read in KRG's parliament on Wednesday. File photo: Rudaw
ERBIL, Kurdistan Region — The first reading of a reform bill proposing changes to salary and pension systems took place in the Kurdistan Region parliament on Wednesday.
The bill introduces reforms to the salaries of public employees and pensioners, including cleaning the list of beneficiaries, preventing duplicate benefits and double-salary holders, and institutionalizing the pension program.
“If this project is implemented, only deserving people will benefit from salaries, pensions, and benefits, and this will directly affect the welfare of the civil servants,” Amanj Rahim, Secretary of the KRG’s Council of Ministers, told Rudaw.
The parliament’s financial committee prepared a report on the reform bill on Tuesday. The legal committee is also expected to write a report after the bill has been debated in the parliament.
Under the proposals, the KRG could save about a quarter of its current salary costs, 100 – 120 billion dinars ($85-100 million).
There are 1.249 million civil servants in the Kurdistan Region. Prior to the economic crisis, the KRG spent about 850 billion dinars on salaries. After introducing austerity measures, the salary budget was reduced to 450 billion dinars as state employees were given just a fraction of their salary.
If the bill is approved, officials will be given 90 days to implement the reforms.
The draft bill was approved by KRG Prime Minister Nechirvan Barzani and Vice Prime Minister Qubad Talabani before being introduced to the parliament.
Already suffering under an economic crisis, KRG’s revenues were slashed by about half with the loss of Kirkuk’s oilfields to Baghdad in October. The KRG insists that its current income is not sufficient to meet its payroll.
Anger over reduced or late salary payments and lack of public services drove thousands of protesters into the streets in mid-December in Sulaimani and Halabja provinces. At least three people died in the protests.
Erbil has sent its payroll lists to Baghdad after Iraqi Prime Minister Haider al-Abadi pledged to pay civil servant salaries after auditing the employee lists. The central government is currently examining data from the KRG’s health and education ministries.
Baghdad has said that the Region must downsize its workforce.
The bill introduces reforms to the salaries of public employees and pensioners, including cleaning the list of beneficiaries, preventing duplicate benefits and double-salary holders, and institutionalizing the pension program.
“If this project is implemented, only deserving people will benefit from salaries, pensions, and benefits, and this will directly affect the welfare of the civil servants,” Amanj Rahim, Secretary of the KRG’s Council of Ministers, told Rudaw.
The parliament’s financial committee prepared a report on the reform bill on Tuesday. The legal committee is also expected to write a report after the bill has been debated in the parliament.
Under the proposals, the KRG could save about a quarter of its current salary costs, 100 – 120 billion dinars ($85-100 million).
There are 1.249 million civil servants in the Kurdistan Region. Prior to the economic crisis, the KRG spent about 850 billion dinars on salaries. After introducing austerity measures, the salary budget was reduced to 450 billion dinars as state employees were given just a fraction of their salary.
If the bill is approved, officials will be given 90 days to implement the reforms.
The draft bill was approved by KRG Prime Minister Nechirvan Barzani and Vice Prime Minister Qubad Talabani before being introduced to the parliament.
Already suffering under an economic crisis, KRG’s revenues were slashed by about half with the loss of Kirkuk’s oilfields to Baghdad in October. The KRG insists that its current income is not sufficient to meet its payroll.
Anger over reduced or late salary payments and lack of public services drove thousands of protesters into the streets in mid-December in Sulaimani and Halabja provinces. At least three people died in the protests.
Erbil has sent its payroll lists to Baghdad after Iraqi Prime Minister Haider al-Abadi pledged to pay civil servant salaries after auditing the employee lists. The central government is currently examining data from the KRG’s health and education ministries.
Baghdad has said that the Region must downsize its workforce.
Include all teachers and teachers in Wasit plots
11/1/2018 12:00 am
Preceded by an inventory of non-beneficiaries previously distributed
A member of the administrative board of the teachers union in Wasit Ali Hussein Nasser said in a statement to (morning): The union prepared a new plan to include all teachers and teachers to cut off residential land, noting that it belongs to those who have actual service year and more than the non-beneficiaries previously with a piece of land
Housing.
He confirmed that the union obtained the approval of the Ministry of Municipalities and the local and legislative governments in the province to allocate four neighborhoods in the districts of Essaouira, Azizia, Numanieh and Kut called the name of the district teachers, noting that this plan was prepared to improve the living reality of educational staff that suffered marginalization during the rule of the former regime.
He added that the union formed sub-committees whose task is to carry out a comprehensive inventory of all the teachers and teachers working within the Directorate General's staff to raise Wasit who have exceeded their actual service for more than a year and were unable to obtain a piece of residential land earlier.
The head of the Commission confirmed that the union obtained the approval of the Ministry of Municipalities and the Diwan of the province to allocate a piece of land near the pool Kut Olympic to establish a special building of the union
Teachers
Wassit / Hassan Shahid Al-Azzawi
The teachers' union in Wasit included all the teachers and teachers in the province by cutting off the residential lands, while obtaining the approval of the Ministry of Municipalities to establish four districts of the teachers in the province, revealing the beginning of the comprehensive inventory of teachers and non-beneficiaries of the plots of land that were distributed
Previously.A member of the administrative board of the teachers union in Wasit Ali Hussein Nasser said in a statement to (morning): The union prepared a new plan to include all teachers and teachers to cut off residential land, noting that it belongs to those who have actual service year and more than the non-beneficiaries previously with a piece of land
Housing.
He confirmed that the union obtained the approval of the Ministry of Municipalities and the local and legislative governments in the province to allocate four neighborhoods in the districts of Essaouira, Azizia, Numanieh and Kut called the name of the district teachers, noting that this plan was prepared to improve the living reality of educational staff that suffered marginalization during the rule of the former regime.
He added that the union formed sub-committees whose task is to carry out a comprehensive inventory of all the teachers and teachers working within the Directorate General's staff to raise Wasit who have exceeded their actual service for more than a year and were unable to obtain a piece of residential land earlier.
The head of the Commission confirmed that the union obtained the approval of the Ministry of Municipalities and the Diwan of the province to allocate a piece of land near the pool Kut Olympic to establish a special building of the union
Teachers
Mr. Ammar al-Hakim: Our main priorities are achieving service victory and building a fair and honest state
Date of release: 2018/1/10 17:07
(Baghdad: Al-Furat News) The head of the National Alliance, Mr. Ammar al-Hakim, said that the next battle is to achieve service victory and build a fair and honest state.
A statement issued by his office received a copy of his office today, Mr. Ammar haikem praised during his visit to the host of the tribes of Bani Malik and his meeting Sheikh Durgham al-Maliki, "heroic stand for the sons of Basra province and the sons of the tribe of Bani Malik in response to the appeal of the religious authority and its effective role in the fight against terrorism and its contributions In the political and social arena. "
He added that "the victory achieved but came with a pool of blood martyrs and the fatwa of the supreme religious authority and the stand and brothers of Iraqi tribes."
"The victory of our military on the oppressor and eliminate it does not mean the end of the battle with terrorism Vadash thought and ideology and dormant cells still exist and we need to integrate national and international effort to eliminate it."
"Our next battle and our basic priorities are to achieve service victory and build a fair and honest nation, to strengthen our military, political and societal victories."
"We regret the continuation and expansion of tribal conflicts and the use of weapons in them, and our clans and elders to take their role and assume their responsibilities in maintaining community peace and public security."
He stressed that "the care of the martyrs' families and their honor and lose them and look at their needs are the rest of the heroes who have sacrificed their precious lives to the homeland
He added that "the victory achieved but came with a pool of blood martyrs and the fatwa of the supreme religious authority and the stand and brothers of Iraqi tribes."
"The victory of our military on the oppressor and eliminate it does not mean the end of the battle with terrorism Vadash thought and ideology and dormant cells still exist and we need to integrate national and international effort to eliminate it."
"Our next battle and our basic priorities are to achieve service victory and build a fair and honest nation, to strengthen our military, political and societal victories."
"We regret the continuation and expansion of tribal conflicts and the use of weapons in them, and our clans and elders to take their role and assume their responsibilities in maintaining community peace and public security."
He stressed that "the care of the martyrs' families and their honor and lose them and look at their needs are the rest of the heroes who have sacrificed their precious lives to the homeland
Iraqi oil minister imposed conditions on investment companies
16:55 10.01.2018
The Iraqi Oil Ministry announced on Wednesday that its minister, Jabbar Ali al-Allaibi, issued a circular obligating companies investing in oil projects to build residential and service complexes.
Oil Minister Jabbar Ali al-Allaibi issued a circular obliging the oil companies contracting with the Ministry of Oil to build modern housing complexes and provide basic services to the workers in the oil sector according to the latest architectural, civilizational and environmental designs, in proportion to their efforts," said Assem Jihad, spokesman for the ministry. And worked to sustain oil production and development of oil and gas industry in the country. "According to " Alsumaria News ".
Jihad added that the circular "obliged the international companies contracting with the ministry and its oil formations to implement modern housing complexes in the oil and other provinces," stressing that "it will contribute to adding aesthetic and civilized character to these cities."
Earlier in the day, a senior Iraqi oil official said that Iraq agreed to sell the company "Royal Dutch Shell" share of 20% in the field of West Qurna 1 Iraqi oil to the company, "Itocho" Japanese.
Gazprom Oil reduces the estimates of the production ceiling of Badra oil field to 85 thousand barrels per day
Since 2018-01-11 at 13:31 (Baghdad time)
Follow up of Mawazine News
The company has been forced to reduce its production ceiling in the oil field of Badra in Iraq after it turned out that the field is more geologically complex than previously thought, and this comes as Baghdad did not ask Gazprom Oil to reduce production.
The Badra field began production in 2014 and reached 85,000 bpd.
Initially, a consortium including Gazprom Petroleum, Koreagas (KOGAS), South Korea's Petronas, the Iraqi Oil Exploration Company and Turkey's TPAO planned to reach a peak production of 170,000 bpd.
But Denis Sugaypov, head of large projects management at Gazprom Oil, said the consortium had proposed to the Iraqi government to set a production ceiling in the next few years at about 85 thousand barrels per day.
"We now produce 85,000 barrels per day," he said.
So far, the project has invested $ 4 billion, including $ 1 billion for a gas processing plant. By 2030, the consortium will invest an additional $ 2.5 billion.
Gazprom's chief executive officer, Vadim Yakovlev, said the Badra field is expected to reach 110,000 bpd in the future.
Iraq has asked foreign producers to cut spending on oil projects to reduce the government's lack of liquidity in joint ventures. Lukoil has also been forced to cut its production plans there.
Baghdad did not ask Gazprom Oil to cut production.
is over
Parliamentary Finance: Two parties will not be allowed to read the budget in its current form next Sunday
A member of the Finance Committee of the Iraqi parliament, Massoud Haider, on Wednesday ruled out reading the draft budget bill for 2018 on Sunday.
The Sunni deputies and the Kurds are working on not drawing the budget as currently in the schedule of the session of the House of Representatives on Sunday, without meeting with the government and agree on the points of contention," noting that "if imposed on us, there will be no quorum."
ÙThere are 12 reservations by the Sunnis on the draft law. The most prominent of these reservations is the absence of allocations for the reconstruction of the liberated areas.
He pointed out that "there are those who press the political blocs in the media to pass the budget under the pretext of the citizen," explaining that "the citizen will not be affected, because the law of financial management and public debt is clear in this regard and the government can spend 1/12 of the operational budget and salaries will be paid and state institutions will be managed, There is an impact on the citizen's life
Kauaihn Iraq Articles:dd
d
Planning with the United Nations signed an agreement to develop the private sector
Editorial Date: 2018/1/11 13:25 • 29 times read
{Baghdad: Al-Furat News} Ministry of Planning signed with the United Nations Development Program, the Convention on the implementation of the strategy of private sector development.
A statement issued by the ministry received a copy of the Ministry of Planning for Technical Affairs Maher Hammad Johan said after signing the agreement with the country director of the United Nations program in the Middle East Mounir Thabet, "We continue to cooperate with the United Nations Development Program, Many programs ".
"This is a national strategy that is not a strategy of the Ministry of Planning, which was prepared by sectoral bodies and in partnership with international bodies represented by the United Nations and the United Nations Development Program," he added, adding that "this issue is a sequential part of these programs, which we share in the implementation of the strategy of developing the private sector." Approved by the Council of Ministers in 2014 ".
He explained that "this strategy has been initiated by the mandate of the General Secretariat of the Council of Ministers by the Ministry of Planning represented by its sectoral departments of the Department of Economic and Financial and private and other services."
"The strategy was developed in a situation where the country was quite different, but one thought that this sector should play a key role in building the country in development, partnership and economic diversification in general," Johann said.
"Today, we are in dire need of the role of the private sector to match the reality of our words," he said, noting that "this strategy includes key axes that go to the private sector at a clear pace for the country and the surrounding countries encourage it to engage in real economic development."
He pointed out that "the issue is mainly related to the private sector in order to absorb the bulk of the expected unemployment as a result of the cessation of employment opportunities provided by the state to the public sector, and this is an important part of the fact that it is reflected in many categories too.
Undersecretary of the Ministry of Planning, "We must find these graduates a place in the labor market with the need to be partners in development and beneficiaries or winners of every framework of economic development experienced by the country."
He expressed the hope that "this partnership or the agreement through which we have put our hands on the right path for implementation," noting that "the objective of this agreement is to provide a framework of cooperation to facilitate coordination between the parties and on a general basis in the areas of common interest and does not accordingly include any executive program or Financial obligations of the parties ".
"The objective of the project for UNDP is to monitor and evaluate the implementation of the PSD strategy. The Ministry of Planning is to provide funding and technical arrangements for the implementation of the PSDS in Iraq," he said.
For his part, said the country director of the United Nations Development Program in the Middle East, "The Convention is an initial framework for cooperation between the United Nations Development Program and the Iraqi government on the implementation of the strategy of private sector development, and believes and a comprehensive conviction that there is special importance to the private sector in Iraq Job opportunities The challenge of job creation may be the biggest challenge in post-liberation Iraq. "
"The big challenge is the economic advancement, which should be a comprehensive development that includes all citizens, especially young people who unfortunately have not been able to enter the labor sector enough to meet their wishes and ambitions, there must be a role for the private sector."
He explained that "the development of the private sector and its development is part of the strategy of the Ministry of Planning," stressing "its readiness to cooperate with the Ministry to implement this strategy. The important role for us is to support the ministry in developing a framework to help the Ministry to monitor the implementation of this strategy. Gives him the facts and this briefly represents the nature of cooperation that will happen between the Ministry of Planning and the United Nations Development Program {undp}.
"
"This is a national strategy that is not a strategy of the Ministry of Planning, which was prepared by sectoral bodies and in partnership with international bodies represented by the United Nations and the United Nations Development Program," he added, adding that "this issue is a sequential part of these programs, which we share in the implementation of the strategy of developing the private sector." Approved by the Council of Ministers in 2014 ".
He explained that "this strategy has been initiated by the mandate of the General Secretariat of the Council of Ministers by the Ministry of Planning represented by its sectoral departments of the Department of Economic and Financial and private and other services."
"The strategy was developed in a situation where the country was quite different, but one thought that this sector should play a key role in building the country in development, partnership and economic diversification in general," Johann said.
"Today, we are in dire need of the role of the private sector to match the reality of our words," he said, noting that "this strategy includes key axes that go to the private sector at a clear pace for the country and the surrounding countries encourage it to engage in real economic development."
He pointed out that "the issue is mainly related to the private sector in order to absorb the bulk of the expected unemployment as a result of the cessation of employment opportunities provided by the state to the public sector, and this is an important part of the fact that it is reflected in many categories too.
Undersecretary of the Ministry of Planning, "We must find these graduates a place in the labor market with the need to be partners in development and beneficiaries or winners of every framework of economic development experienced by the country."
He expressed the hope that "this partnership or the agreement through which we have put our hands on the right path for implementation," noting that "the objective of this agreement is to provide a framework of cooperation to facilitate coordination between the parties and on a general basis in the areas of common interest and does not accordingly include any executive program or Financial obligations of the parties ".
"The objective of the project for UNDP is to monitor and evaluate the implementation of the PSD strategy. The Ministry of Planning is to provide funding and technical arrangements for the implementation of the PSDS in Iraq," he said.
For his part, said the country director of the United Nations Development Program in the Middle East, "The Convention is an initial framework for cooperation between the United Nations Development Program and the Iraqi government on the implementation of the strategy of private sector development, and believes and a comprehensive conviction that there is special importance to the private sector in Iraq Job opportunities The challenge of job creation may be the biggest challenge in post-liberation Iraq. "
"The big challenge is the economic advancement, which should be a comprehensive development that includes all citizens, especially young people who unfortunately have not been able to enter the labor sector enough to meet their wishes and ambitions, there must be a role for the private sector."
He explained that "the development of the private sector and its development is part of the strategy of the Ministry of Planning," stressing "its readiness to cooperate with the Ministry to implement this strategy. The important role for us is to support the ministry in developing a framework to help the Ministry to monitor the implementation of this strategy. Gives him the facts and this briefly represents the nature of cooperation that will happen between the Ministry of Planning and the United Nations Development Program {undp}.
Iraqi Foreign Ministry welcomes the adoption of a new strategy by the European Union to support it
The Iraqi Foreign Ministry on Thursday welcomed the adoption by the European Union of a new strategy to support it.
"I briefed the Foreign Ministry on the European Commission's statement on the new European strategy towards Iraq for 2018 which was adopted on 8/1/2018," a foreign ministry statement said.
"The Iraqi Foreign Ministry welcomes the continued commitment of the European Union to support Iraq in the post-gangs, calling for the short and long term, and adopt the High Representative for Foreign Policy and Security Policy and the member states of the European Union for its strategy for Iraq."
"The Ministry appreciates the European Union's appreciation for the great sacrifices made by the Iraqi people in their war against the gangs that support and defeat terrorism and its recognition of the necessity and importance of the European and international contribution to support the efforts of the Government of Iraq to consolidate the constitutional democratic system and restore stability and create conditions for sustainable development."
"We look forward to the active participation of the European Union and all friendly countries in these efforts, as the stability and development of Iraq is in the interest of the Iraqis, the region and the world."
"The Iraqi Foreign Ministry welcomes the continued commitment of the European Union to support Iraq in the post-gangs, calling for the short and long term, and adopt the High Representative for Foreign Policy and Security Policy and the member states of the European Union for its strategy for Iraq."
"The Ministry appreciates the European Union's appreciation for the great sacrifices made by the Iraqi people in their war against the gangs that support and defeat terrorism and its recognition of the necessity and importance of the European and international contribution to support the efforts of the Government of Iraq to consolidate the constitutional democratic system and restore stability and create conditions for sustainable development."
"We look forward to the active participation of the European Union and all friendly countries in these efforts, as the stability and development of Iraq is in the interest of the Iraqis, the region and the world."
Sumo cuts the price of Basra oil
Baghdad - Journal News
Iraq has cut official sales prices for Basrah crude worldwide in February.
The Iraqi oil marketing company "Sumo" said in a statement on Thursday that Iraq lowered the official sale price of Basra light crude in February shipments to Asia, 30 cents from the previous month to become a discount of five cents a barrel than the average prices of Oman and Dubai.
The reduction comes amid shrinking refining profits, falling prices in the spot market and keeping pace with other producers in the Middle East selling official prices for their competing materials.
The reduction comes amid shrinking refining profits, falling prices in the spot market and keeping pace with other producers in the Middle East selling official prices for their competing materials.
Organizing a trade fair for Iranian and local companies in Karbala
11/1/2018 12:00 am
Karbala / Ali Lefta
He explained that the exhibition was organized on an area of 2500 square meters at the Karbala International Exhibition, which opened recently. It witnessed the presence of officials, businessmen and businessmen with the aim of creating an industrial, commercial and investment cross-fertilization between Iraqi companies and their Iranian counterparts, indicating that the exhibition represents the first building for future exhibitions with companies. Other countries, whether companies of one state or different countries.
Shahristani said that the exhibition will witness the signing of contracts and requests to open accredited agencies in Karbala or in Iraq in general, indicating that the companies offered their products in the sectors of heavy industries for metals and household appliances, food and clothing companies and pharmaceutical and medical industries and other industrial products.
Karbala witnessed the opening of a trade fair in which dozens of Iranian companies participated, as well as companies belonging to the Husseiniya and Abbasid sects.
"The threshold of Husseiniya opened the Karbala International Fair for various products, which is the first of its kind in the province, with the participation of more than 35 Iranian companies with different specialties, in addition to local companies belonging to the Husseiniya and Abbasid pillars.He explained that the exhibition was organized on an area of 2500 square meters at the Karbala International Exhibition, which opened recently. It witnessed the presence of officials, businessmen and businessmen with the aim of creating an industrial, commercial and investment cross-fertilization between Iraqi companies and their Iranian counterparts, indicating that the exhibition represents the first building for future exhibitions with companies. Other countries, whether companies of one state or different countries.
Shahristani said that the exhibition will witness the signing of contracts and requests to open accredited agencies in Karbala or in Iraq in general, indicating that the companies offered their products in the sectors of heavy industries for metals and household appliances, food and clothing companies and pharmaceutical and medical industries and other industrial products.
Ankara has ordered Arbil to hand over the ports to Baghdad before mediating the dialogue
A Kurdish source said on Thursday that Turkish officials have demanded that the government of Arbil hand over all the outlets to Baghdad to mediate with the Iraqi government and encourage direct dialogue with Kurdistan.
The source quoted Turkish Foreign Minister Mouloud Javishoglu as saying that Arbil must abide by the Iraqi constitution, not be a party to change the borders and to hand over the border crossings to the Iraqi government.
"Erdogan is not a problem for Turkey, but the Kurdish Workers' Union and the Democratic Union are the problem," Oglu said.
"We received a request for mediation, and we will visit Baghdad on January 21 to discuss this with Abadi, along with bilateral issues," the Turkish official said. Without specifying who sent the mediation request.
He continued: «True we are against what the officials of the Kurds, but we are against the Kurdish people to pay a tax, the rights reserved in the Iraqi constitution», while praising the position of the Kurdistan Regional Government of the Federal Court decision on the unity of Iraq.
"We received a request for mediation, and we will visit Baghdad on January 21 to discuss this with Abadi, along with bilateral issues," the Turkish official said. Without specifying who sent the mediation request.
He continued: «True we are against what the officials of the Kurds, but we are against the Kurdish people to pay a tax, the rights reserved in the Iraqi constitution», while praising the position of the Kurdistan Regional Government of the Federal Court decision on the unity of Iraq.
Shell sells stake in Iraq oilfield to Japan's Itochu: Official
BASRA - Reuters
January 10 2018
Iraq has approved the sale by Royal Dutch Shell of the company's 20 percent stake in Iraq's West Qurna 1 oilfield to Japan's Itochu Corp, a senior Iraqi oil official said on Jan. 10.
The deal comes as the Anglo-Dutch company agreed to exit the Majnoon oil venture, one of the largest fields in OPEC member Iraq, and hand over its operation to the state-run Basra Oil Co. (BOC) by the end of June 2018.
"Shell sold its stake in West Qurna 1 to Itochu and the oil ministry approved it. We met with Itochu and discussed the required financial investments and operations at the field, "Ihsan Abdul Jabbar, the head of state-run BOC, told Reuters in an interview.
The West Qurna 1 oilfield, operated by Exxon Mobile, currently produces around 405,000 barrels per day. Shell and Itochu were not immediately available for comment.
Abdul Jabbar also said BOC had reached an agreement with KBR Inc, a US engineering and construction firm, to help manage projects to develop production capacity at the Majnoon field.
Iraq is still in talks with another foreign engineering firm to operate the energy facilities at Majnoon and a deal is expected before June, said Abdul Jabbar.
"We are targeting to cut the cost of the projects' development by 30 percent this year," said Abdul Jabbar, adding the development cost for Majnoon set by Shell in 2017 was $ 1 billion.
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
FOR TWITTER ACCT
Just 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 tweets
ONLY SPACE IS AFTER FOLLOW
who are on their computers to go to:
to get to our twitter feed
How Amazon's Jeff Bezos went from son of a teen mom to building a $105 billion fortune
On Monday, Bezos' wealth surpassed that of Bill Gates at his richest. Here’s his story.
Financial goals: 10 moves to boost your wealth in 2018USA TODAY
Watch Out, Airlines. High Speed Rail Now Rivals Flying on Key RoutesBloomberg
Across Asia and Europe, high-speed rail is providing a competitive alternative to air travel on the same routes, in terms of price and the all-important barometer of time. Put that together with the environmental benefits that flow from not burning jet fuel, and staying on the ground begins to make more sense for travelers who would otherwise trudge to the airport. Speedy trains and planes are generally competitive until your travel plans extend beyond 1,000 kilometers (621 miles), at which Read the full story
Gold gains to 4-month high as dollar sinksMarketWatch
Crude Oil Prices at 3-Year Highs Ahead of U.S. Inventory DataInvesting.com
A Post-Christmas Carol: Scrooge And The BankersSocial Europe
Keiko Yokoyama Charles Dickens selected a moneylender in his redemption story, A Christmas Carol. Scrooge was not an offender, a psychopath or Victorian Harvey Weinstein, but just a devoted moneylender. Nevertheless, Dickens described him as if he were the worst creature: ‘a squeezing, wrenching, grasping, scraping, clutching, covetous old sinner’. Greed was (if not ‘is’) considered one of the seven deadly sins. Dickens was critical of the Victorian society, which was extremely unequal, like the Read the full story
Bill Gross signals that the bond bear market has now begun
Billionaire investor says the 25-year bull run for bond markets is over as U.S. Treasury yields climb
Everything is red: Here's a super-quick guide to what traders are talking about right nowBusiness Insider
Most people who try one cigarette become daily smokers, study saysBBC News
Can Bitcoin or any other cryptocurrency actually work as money?The Telegraph
Bitcoin below $14,000; ethereum hits record high WednesdayMubasher
Jamie Dimon sounds like a party guest pretending to know what bitcoin isQuartz
Ethereum hits a fresh record high and is up over 13,000% in a yearCNBC
Forex - Dollar Pulls Away From 1-Week Highs Vs. RivalsInvesting.com
USA/CANADA
Trump reportedly set to deliver a 'very carrot-and-stick' address to billionaires and world leaders at DavosBusiness Insider
Borrowing costs for emerging market companies fall to pre-crisis lowsMarketWatch
Emerging markets rewards loyal investors with an astonishing 26 per cent return last yearExpress
China is reportedly thinking of halting US Treasury purchases and that's worrying markets right nowCNBC
Futures sink on report China may slow U.S. bond purchasesReuters
There were few surprises in China's latest inflation reportBusiness Insider
China Reports December CPI Up 0.3% On Month, Below ExpectationsInvesting.com
© Reuters. China prices data Read the full story
f
GLOBAL/NEWS/INFO
How Amazon's Jeff Bezos went from son of a teen mom to building a $105 billion fortune
On Monday, Bezos' wealth surpassed that of Bill Gates at his richest. Here’s his story.
Read more: https://www.cnbc.com/2018/01/
Personal finance website WalletHub compiled a list of the top moves you want to be thinking about now to improve your financial well-being. Read the full story
Across Asia and Europe, high-speed rail is providing a competitive alternative to air travel on the same routes, in terms of price and the all-important barometer of time. Put that together with the environmental benefits that flow from not burning jet fuel, and staying on the ground begins to make more sense for travelers who would otherwise trudge to the airport. Speedy trains and planes are generally competitive until your travel plans extend beyond 1,000 kilometers (621 miles), at which Read the full story
Toyota and Honda Are Recalling Another Million Cars to Fix Faulty Takata AirbagsTIME
See if your car is affected here Read the full story
See if your car is affected here Read the full story
OIL/COMMODITIES/ENERGY
Gold gains to 4-month high as dollar sinksMarketWatch
Gold prices shot higher Wednesday, trading at their highest in nearly four months, as the dollar tumbled against major rivals and offset a gold-negative rise in bond yields. Read the full story
What you need to know about gold: a guide for 2018 | Finfeed.com
Finfeed
Gold Eases In Asia After China Consumer Prices Come In A tad Weaker Than SeenInvesting.com
Finfeed
This product is classified as ‘very high risk’ in nature due to its location and geopolitical situation of the region. FinFeed advises that extra caution should be taken when deciding whether to engage in this product, however if you are not sure whether it is suitable for you we suggest you seek independent financial advice. The gold price has attracted plenty of media attention over the last few years, despite prices remaining steadily around the US$1250 per ounce mark. With prices now Read the full story
© Reuters. Gold dips in Asia Read the full story
Crude Oil Prices at 3-Year Highs Ahead of U.S. Inventory DataInvesting.com
© Reuters. Crude oil at fresh multi-year peaks, U.S. inventory data on tap Read the full story
Oil prices hit highest since 2014, but analysts warn of overheated marketBusiness Insider
API Says US Crude Stocks Fell 11.190 Million Barrels Last WeekInvesting.com
© Reuters. API estimates Read the full story
A gas station attendant pumps fuel into a customer's car at PetroChina's petrol station in Beijing Thomson Reuters By Henning Gloystein SINGAPORE (Reuters) - Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. A broad global market rally, including stocks, has also been fuelling investment into crude oil futures. [MKTS/GLOB] U.S. West Texas Intermediate (WTI) Read the full story
© Reuters. API estimates Read the full story
BANKS/BANKING/CREDIT
A Post-Christmas Carol: Scrooge And The BankersSocial Europe
Keiko Yokoyama Charles Dickens selected a moneylender in his redemption story, A Christmas Carol. Scrooge was not an offender, a psychopath or Victorian Harvey Weinstein, but just a devoted moneylender. Nevertheless, Dickens described him as if he were the worst creature: ‘a squeezing, wrenching, grasping, scraping, clutching, covetous old sinner’. Greed was (if not ‘is’) considered one of the seven deadly sins. Dickens was critical of the Victorian society, which was extremely unequal, like the Read the full story
Banks of 5 GCC nations to see financial stability in 2018 - ReportMubasher
Mubasher: Banks of the GCC states except Qatar are expected to witness a financial stability in 2018, Standard and Poor's (S&P) said in a report on Tuesday. "After two years of "significant pressure," GCC banks will have recognized most of the … Read the full story
An invisible banking reform that 'could fundamentally change how we manage our money' is days awayBusiness Insider UK
REUTERS/Clodagh Kilcoyne 'Open Banking' begins in the UK on January 13. The legislation required banks to open up data on customers to third parties and let them execute transactions on customers' behalf — if customers agree. The change is meant to encourage bank account switching but its long-term potential could shakeup the way banking is done in the UK. LONDON — An invisible, but important, change is coming to British banking from Saturday: Open Banking. Regulators in Europe and the UK are Read the full story
TD Bank's first fintech acquisition is an AI company - DigidayDigiday
TD Bank just bought its first technology firm, Toronto-based artificial intelligence startup Layer 6. The Canadian banking giant, also based in Toronto, invested an undisclosed amount in Layer 6 to help it “continue to transform itself” in the industry shift from mobile-first to AI-first customer experiences, said Rizwan Khalfan, TD’s chief digital and payments officer. The transaction was completed Tuesday morning. Banks always say to keep up with competition — which now includes financial Read the full story
Chinese bankers’ top concern is slowing profit growth, says PwCSouth China Morning Post
Investment banking boom is likely in 2018, analyst Dick Bove saysCNBC
Bankers are now less concerned about non-performing loans this year, according to PwC and China Banking Association survey Read the full story
Investment banking is going to see a big year, writes analyst Dick Bove with the Vertical Group. Read the full story
China’s central bank eases exchange rate setting mechanismSouth China Morning Post
Wednesday, 10 January 2018, 5:15:PM China’s central bank has eased controls over the yuan exchange rate, reflecting the second step in the past year aimed at taking the wind out of the currency as capital outflows from the country ease. The People’s Bank of China has removed the influence of the “counter-cyclical factor” from the formula used to calculate the daily central parity of the yuan’s exchange rate against the US dollar, according to sources familiar with the matter. The PBOC’s yuan Read the full story
Wednesday, 10 January 2018, 5:15:PM China’s central bank has eased controls over the yuan exchange rate, reflecting the second step in the past year aimed at taking the wind out of the currency as capital outflows from the country ease. The People’s Bank of China has removed the influence of the “counter-cyclical factor” from the formula used to calculate the daily central parity of the yuan’s exchange rate against the US dollar, according to sources familiar with the matter. The PBOC’s yuan Read the full story
TREASURIES/BONDS/STOCKS
Bill Gross signals that the bond bear market has now begun
Billionaire investor says the 25-year bull run for bond markets is over as U.S. Treasury yields climb
Traders work on the floor of the NYSE Thomson Reuters Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets. China's lack of interest in US Treasuries is sending most US assets lower. Much of the world is trading in the red. Jeffrey Gundlach gave a presentation Tuesday calling for the end of the bull market in 2018. Here's Lutz: Morning, US futures were drifting just under the waterline early, then headlines "China Officials Are Said to View Treasuries as Less Attractive" Read the full story
Top 5 Things to Know in the Market on WednesdayInvesting.com
Here’s what could trigger a 30% stock-market melt-up, says investor Bill MillerMarketWatch
A further rise in Treasury yields could trigger a stock-market melt-up as investors dump bonds for stocks, says investing legend Bill Miller. Read the full story
© Reuters. 5 key factors for the markets on Wednesday Read the full story
Here’s what could trigger a 30% stock-market melt-up, says investor Bill MillerMarketWatch
A further rise in Treasury yields could trigger a stock-market melt-up as investors dump bonds for stocks, says investing legend Bill Miller. Read the full story
INSURANCE/HEALTH
Most people who try one cigarette become daily smokers, study saysBBC News
The study's authors say the research shows the "remarkable hold" cigarettes can establish after one experience. Read the full story
Deadly flu season hits California particularly hardCNN
It Turns Out That Saving CHIP Would Actually Save the Government $6 BillionSlate
In California, more patients are being hospitalized with flu-like symptoms, some stores have had medication shortages, and there have been 27 deaths, officials say. Read the full story
Moneybox January 10 2018 1:43 AM The Children’s Health Insurance Program, which provides coverage to some 9 million lower-income kids, is in danger of exhausting its funding in some states as soon as this month, because Congress can’t agree on how to pay for its reauthorization. It turns out, however, that lawmakers might be able to extend CHIP for free. In fact, doing so could even save the government some money. Last week, the Congressional Budget Office estimated that reauthorizing CHIP for 5 Read the full story
Car insurance premiums rise in last quarter of 2017 with over-65s hit with biggest increasesThe Independent
UK drivers were hit with a 4 per cent price hike on their car insurance premiums in the last three months of 2017 compared to the previous quarter, new research has revealed. Read the full story
UK drivers were hit with a 4 per cent price hike on their car insurance premiums in the last three months of 2017 compared to the previous quarter, new research has revealed. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Can Bitcoin or any other cryptocurrency actually work as money?The Telegraph
Most buyers of cryptocurrency are betting that the price of whichever “coin” they buy will increase in value dramatically. However, the ultimate aim of many digital currencies is not to remain a highly volatile asset for speculative investors but to offer a viable decentralised alternative to the current system of money. Read the full story
The cryptocurrency market on Wednesday saw sharp moves as bitcoin dropped below $14,000, while ethereum set a new record high Read the full story
Ripple’s market cap cut in half as the cryptocurrency keeps fallingMarketWatch
Prices for bitcoin and Ripple coins drop early Wednesday, while Ethereum continues its rally, with Ripple’s ongoing selloff leaving that cryptocurrency’s market capitalization down by more than 50% from last week’s peak. Read the full story
Whenever bitcoin comes up in conversation, like many otherwise educated people, I say the same thing: “I doubt its viability as a currency, but the… Read the full story
Ethereum's price is up around 60 percent in the last week. Read the full story
CURRENCIES
Forex - Dollar Pulls Away From 1-Week Highs Vs. RivalsInvesting.com
Dollar edges lower as markets turn to U.S. inflation data Read the full story
Forex _ Dollar Falls After China Prices Data Comes In Weaker, Bank of Japan in FocInvesting.com
Swedish krone shoots higher after Riksbank hints at rate hikes in 2018MarketWatch
© Reuters. Dollar dips in Asia Read the full story
Forex- Dollar, Yen, rise as Euro FallsInvesting.com
The dollar continues to edge forward. Read the full story
Forex _ Dollar Falls After China Prices Data Comes In Weaker, Bank of Japan in FocInvesting.com
© Reuters. Dollar dips in Asia Read the full story
The Swedish krona rallied on Wednesday after the country’s central bank highlighted a strong domestic economy and said interest rates could rise before the European Central Bank embarks on its tightening process. Read the full story
Rupee opens marginally higher against US dollarLivemint
Mumbai: The Indian rupee on Wednesday was trading marginally higher against the US dollar in opening trade. Read the full story
Forex - PBOC Sets Yuan Parity At 6.5207 Against The DollarInvesting.com
© Reuters. Yuan parity Read the full story
© Reuters. Yuan parity Read the full story
Trump reportedly set to deliver a 'very carrot-and-stick' address to billionaires and world leaders at DavosBusiness Insider
Donald Trump. President Donald Trump is heading to the World Economic Forum in Davos, Switzerland, to deliver a shocking address to world leaders and the international billionaire class, according to Axios's Mike Allen. Trump will give "a very carrot-and-stick message," according to Allen, who cited a senior administration official. He will reportedly reaffirm the US's alliances and tout his tax cuts, but also make a case that the US has been mistreated, and perhaps ripped off by growing Read the full story
Fitch reiterates U.S. downgrade warningReuters
Fitch reiterated its warning on Wednesday that the United States could lose its prized triple-A credit rating if the country's debt ceiling is not raised in the coming months. Read the full story
Three rate hikes by the Fed in 2018 would be problematic for markets, expert saysCNBC
The latest projections from the Federal Open Market Committee indicate three rate hikes for 2018, but markets have only priced in two increases. Read the full story
Building Boom Helps Power U.S. EconomyInvesting.com
Economy Jan 09, 2018 16:38 GMT Investing.com - From coast to coast, the U.S. economy is experiencing a building boom. Construction in major cities such as New York, Chicago, Seattle and Los Angles is at or near a record level, as developers add dozens of office towers to their skylines. On a smaller scale, confidence among builders of single family homes recently hit an 18-year high. Construction of new homes is expected to grow 5% in 2018 Overall, construction spending hit a record annual rate Read the full story
Economy Jan 09, 2018 16:38 GMT Investing.com - From coast to coast, the U.S. economy is experiencing a building boom. Construction in major cities such as New York, Chicago, Seattle and Los Angles is at or near a record level, as developers add dozens of office towers to their skylines. On a smaller scale, confidence among builders of single family homes recently hit an 18-year high. Construction of new homes is expected to grow 5% in 2018 Overall, construction spending hit a record annual rate Read the full story
EMERGING MARKETS
Borrowing costs for emerging market companies fall to pre-crisis lowsMarketWatch
Emerging market corporate bonds are offering the least yield to bond-buyers since 2007. Here’s why demand is so hot. Read the full story
AFTER years in the doldrums, emerging markets roared back to form to become last year’s best performing asset class. Emerging market stocks and shares returned an astonishing 26 per cent last year, with China leading the charge. Stocks in the Asia Pacific region also did well, returning around 25 per cent. Emerging giants Brazil, Russia, India and China were flying high a decade ago, but the last five years have been tough. Read the full story
IV bag shortage has hospitals scrambling to treat fluMy San Antonio
TRENTON, N.J. - An ongoing shortage of fluids used to deliver medicine and treat dehydrated patients has hospital workers scrambling in the midst of a nasty flu season and supplies from factories in storm-ravaged Puerto Rico have been slow to rebound. Read the full story
Emerging markets could see a reality check in 2018Livemint
Bulls will retain the upper hand in emerging markets this year, though some assets may face a bumpier ride than in 2017. Read the full story
Borrowing costs for emerging market companies fall to pre-crisis lowsMarketWatch
Emerging market corporate bonds are offering the least yield to bond-buyers since 2007. Here’s why demand is so hot. Read the full story
Global income inequality may fall as emerging markets skill upChron.com
Emerging-market economies will drive skill gains in the global labor force in the coming decades, potentially reducing inequality between nations in the process. Read the full story
Emerging-market economies will drive skill gains in the global labor force in the coming decades, potentially reducing inequality between nations in the process. Read the full story
MIDDLE EAST
Oil prices soar before US inventories dataMubasher
Oil prices on Wednesday hit their highest levels since 2014 ahead of US crude oil inventories data due at 03:00 pm GMT Read the full story
Netanyahu defends son after secret tape airsCNN
Israeli Prime Minister Benjamin Netanyahu has been forced to defend his elder son Yair after a 2015 secret recording from outside a strip club was aired on Israeli TV. Read the full story
Saudi prince who criticized arrest of relatives is sackedMinneapolis Star Tribune
Arab League to hold meeting on Jerusalem next monthReuters
Saudi news websites are reporting that a prince who headed the kingdom's Maritime Sports Federation has been sacked from his post and replaced by a military officer. Read the full story
The Arab League will meet on Feb. 1 to discuss how to counter U.S. President Donald Trump's move last month to recognize Jerusalem as Israel's capital, Egypt's state news agency MENA said on Wednesday. Read the full story
UAE tax authority outlines VAT exempt free zonesGulf Business
Even Saudi Arabia’s Allies Are Questioning Its Mideast Power PlaysBloomberg
Trending on Saudi social media last week was a clip of Crown Prince Mohammed Bin Salman promising to go on the offensive against his country’s biggest rival and take the fight “inside Iran.” The eight-month-old TV interview had taken on a new significance: Violent protests were spreading across Iran. It’s not clear whether Saudi Arabia helped stir them up, as the Islamic Republic’s leaders claimed. What is clear is that the de facto Saudi ruler has made several regional moves against Iran -- and Read the full story
A number of free zones have been designated outside of the country for VAT purposes The post UAE tax authority outlines VAT exempt free zones appeared first on Gulf Business. Read the full story
Trending on Saudi social media last week was a clip of Crown Prince Mohammed Bin Salman promising to go on the offensive against his country’s biggest rival and take the fight “inside Iran.” The eight-month-old TV interview had taken on a new significance: Violent protests were spreading across Iran. It’s not clear whether Saudi Arabia helped stir them up, as the Islamic Republic’s leaders claimed. What is clear is that the de facto Saudi ruler has made several regional moves against Iran -- and Read the full story
AFRICA
Zimbabwe: Mugabe Minister 'Wanted for $6m Fraud' in Kenya - ReportsAllAfrica
(Photo: Jonathan Moyo/Twitter) Zimbabwe's former Higher and Tertiary Education, Science and Technology Development, Jonathan Moyo, is reportedly "still wanted by Kenyan authorities for an alleged $6m fraud committed in the east African country in 2000". According to the state-owned Herald newspaper, Moyo had not been cleared of the fraud charges committed while he was programme director for an American-based charity, Ford Foundation. Kenyan media said that the money was meant for a Nairobi based Read the full story
Zimbabwe: Govt Target EU Market for FlowersAllAfrica
FOLLOWING concerns raised by horticulture and floriculture farmers, Government has committed itself to re-engage the European markets and facilitate partnership and contract farming for local farmers, as well as offering financial support. In an interview, Lands, Agriculture and Rural Resettlement Deputy Minister Davis Marapira said Government would soon facilitate workshops for farmers to be able to explore European markets and making policies that make the farming business viable. Deputy Read the full story
Zimbabwe: Zanu-PF Youths 'Worried' Mugabe's Nephew 'Still Has a Say in Party Structures'AllAfrica
(Photo: The Herald) Zimbabwe's ruling Zanu-PF youth league has reportedly claimed that former president Robert Mugabe's nephew Patrick Zhuwao is "plotting sabotage voting" against the party in the forthcoming elections. Zimbabwe was set to go to the polls in September. According to NewsDay, the youth league's national political commissar Godfrey Tsenengamu said that the party was aware of Zhuwao's shenanigans. "We are aware that the remnants of the G40 cabal being led by Zhuwao are still in Read the full story
Cameroon: China-Backed Kribi Port Project Leaves Locals FrustratedAllAfrica
Uganda: World's Longest Heated Crude Oil Pipeline Almost CompleteAllAfrica
Zimbabwe: Ministry Seeks Mnangagwa's Consent to Free 2 000 Inmates - ReportAllAfrica
(Photo: http://www.rfi.fr) Zimbabwean correctional services authorities are reportedly seeking President Emmerson Mnangagwa's consent to pardon at least 2 000 inmates in-order to ease congestion in the country's overloaded prisons. According to the state-owned Chronicle newspaper, Justice, Legal and Parliamentary Affairs minister, Ziyambi Ziyambi said that the release of the prisoners was a priority of his ministry's 100 day plan. Ziyambi said that his ministry was also working on clearing the Read the full story
Chinese investors want to transform the Cameroonian city of Kribi into to the largest seaport in central Africa. But after initial promises of an economic revival in the area, locals feel left out in the cold. Kribi's autonomous port is one of the biggest Chinese investment projects anywhere in the world. When it finally opens for business, it will be the largest deepwater port in central Africa. Some 85 percent of the €1.1 billion ($1.3 billion) budget for the new harbor project is financed by Read the full story
(Photo: The Guardian) The East African Crude Oil Pipeline is has already been completed and it holds great opportunities businesses can benefit from. Among the partners that played a role to make the construction successful include China National Offshore Oil Corporation Uganda, Tullow Oil Uganda, Total E&P Uganda and American firm Gulf Interstate Engineering. Other development partners are Uganda National Oil Company and the Tanzania Petroleum Development Corporation. The export pipeline will Read the full story
(Photo: http://www.rfi.fr) Zimbabwean correctional services authorities are reportedly seeking President Emmerson Mnangagwa's consent to pardon at least 2 000 inmates in-order to ease congestion in the country's overloaded prisons. According to the state-owned Chronicle newspaper, Justice, Legal and Parliamentary Affairs minister, Ziyambi Ziyambi said that the release of the prisoners was a priority of his ministry's 100 day plan. Ziyambi said that his ministry was also working on clearing the Read the full story
ASIA
China is reportedly thinking of halting US Treasury purchases and that's worrying markets right nowCNBC
China, the United States' biggest buyer of sovereign bonds, could be slowing down or even halting its purchases. Read the full story
U.S. stock market futures pointed to a 100 point fall for the Dow Jones Industrial Average on Wednesday, spooked by a report that China is considering slowing or halting purchases of U.S. government debt. Read the full story
Macron's China visit points to Beijing's shifting relationship with Europe
As French President Emmanuel Macron wrapped up his first official visit to China, there are signs that Beijing's relationship with Europe is shifting.
Asian Shares Mixed With Shanghai and Hang Seng Up After China Prices DataInvesting.com
As French President Emmanuel Macron wrapped up his first official visit to China, there are signs that Beijing's relationship with Europe is shifting.
© Reuters. Asian shares mixed Read the full story
Japan's Economy Showing Momentum After Years Of StruggleInvesting.com
Economy Jan 10, 2018 09:46 GMT Investing.com - The Japanese economy is doing something it hasn’t done in a long time--and that’s sustained growth. The economy is enjoying its longest expansion since the 1990s--seven quarters and counting--thanks partly to Prime Minister Shinzo Abe and Central Bank Governor Haruhiko Kuroda. The rebound caps two decades of slipping in and out of recession and the persistent threat of deflation. Growth has been driven by strong exports on the back of a weaker yen Read the full story
There were few surprises in China's latest inflation reportBusiness Insider
Delegates doze during the opening of the National People's Congress in Beijing Claro Cortes/Reuters Chinese consumer price inflation (CPI) remains incredibly subdued. According to China's National Bureau of Statistics (NBS), CPI grew by 1.8% in the year to December, up from 1.7% in November but below the 1.9% level expected by economists. There was been negligible reaction in financial markets to the data release. Chinese consumer price inflation (CPI) remains incredibly subdued. According to Read the full story
© Reuters. China prices data Read the full story
EUROPE
Brexiteers to meet EU trade negotiator Michel Barnier to discuss dealsExpressBREXIT supporters will meet the European Union's chief negotiator Michel Barnier to warn that the UK will not sacrifice its "newly won freedoms" to secure a trade deal. Former trade minister and ex-CBI chief Lord Jones of Birmingham, Leave Means Leave co-chairman John Longworth and Labour Leave chairman John Mills were all due to meet Mr Barnier in Brussels. Mr Longworth, a former director general of the British Chambers of Commerce, said he would tell Mr Barnier that any post-Brexit trade deal Read the full storyTheresa May's cabinet members now five times more likely to be privately-educated than British publicThe Independent
Privately-educated politicians make up more of Theresa May’s new cabinet than her last one and ministers are now five times more likely to have gone to a fee-paying school than the general population. Read the full story
Theresa May's £39bn Brexit divorce bill to be investigated by auditors to establish if it is 'reasonable'The Independent
Auditors are set to investigate the £39bn “divorce bill” Theresa May has agreed to pay as part of a Brexit deal, to assess if it is “reasonable”. Read the full storyEU disclaimers warn UK businesses over risks of 'no deal' Brexitthe guardian
Exclusive: leaked EU document warns UK companies and NGOs will have funding cut if no agreement reached by March 2019 UK companies and NGOs working in development and aid are being formally instructed by Brussels that they will lose hundreds of millions in EU funding after Brexit in the event of a ‘no deal’ scenario. A leaked EU document obtained by the Guardian reveals that UK-registered applicants for grants and contracts with the European commission are to be issued with a legal “disclaimer” Read the full storySingapore no longer has the world’s most powerful passport — and this European country has reclaimed the top spotBusiness Insider
Germany is officially the country with the most powerful passport in the world, according to the 2018 Henley Passport Index. The annual Henley Passport Index has just been released. It ranks all the passports in the world according to the number of countries their holders can travel to visa-free. The ranking named Germany as the country with the most powerful passport in the world for the fifth year in a row. Last October a separate ranking put Singapore at the top of the list, but Germany has Read the full storyStocks - European Markets Move Lower, Earnings in FocusInvesting.com
© Reuters. European markets slide ahead of corporate earnings reports Read the full storyUK Manufacturing Production Increases More Than Expected in NovemberInvesting.com
© Reuters. UK manufacturing production rose 0.4% in November vs. 0.3% forecast Read the full storyBrexit: Hammond and Davis tell EU to avoid 'unnecessary barriers' to trade with UKThe Independent
European leaders have been told to avoid creating “unnecessary barriers” to trade between the EU and the UK after Brexit. Read the full storyBritons gloomier about Brexit but no change of heart: pollster CurticeReutersBritish pessimism on the economic consequences of leaving the European Union is growing, but Britons have not broadly changed their minds about how they voted, Britain's leading pollster John Curtice said on Tuesday. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Thursday 1/11/18 did update on the indicative rates Sell Rate 1184
The currency auction is 160,587,398
There is no news and announcements for Thursday 1/11/18
ISX Update:
Value Traded
256,856,184
Shares Traded
293,471,993
ISX ended in Green
Kauaihn Chatter:
1-10-2018 Newshound Guru Adam Montana Every morning I wake up and think to myself, "Is anything different or concerning about Iraq today?" As of this writing, the answer is NOPE! In fact, there is some positive news about Iraq's banking industry being accepted and even praised for being top notch. This is imperative for Iraq to move forward with a supported raise in the value of their currency. Another thing I look for is the HCL. Are there any new reports? As of this morning, it's been 6 months or so since we saw MAJOR movement on the HCL. With that said, it's pretty easy to understand why we're seeing such a lull in "things that indicate an RV"... What IS an issue right now is this - WHEN will we see some HCL news? Where is the progress?! Here's something that's a bit encouraging: I'm guessing that once that issue is resolved [Kurdish relations], we will see the HCL back on the table, and that's when the dinar will see some urgency again.
1-10-2018 Intel Guru RayRen98 Everything looks basically the same as on Monday. We did have some banks that communicated to members that we are in a 24-hour window. That came out yesterday, so they are expecting to do something sometime today, or at least they expected that yesterday...At least the banks had a special meeting on Monday, all hush-hush, and members have told us that their banks say they are expecting memos and such. Everyone is in a state of high expectation. So far as we know, the plan is still in place for exchanges to begin before the Forex release around the 15th, give or take a day because of the MLK holiday...We are waiting for updates on the progress of that plan. We expect the dinar to go up, riding the wave on Forex, and are hearing that other currencies may well do the same.
1-10-2018 Intel Guru RayRen98 Everything looks basically the same as on Monday. We did have some banks that communicated to members that we are in a 24-hour window. That came out yesterday, so they are expecting to do something sometime today, or at least they expected that yesterday...At least the banks had a special meeting on Monday, all hush-hush, and members have told us that their banks say they are expecting memos and such. Everyone is in a state of high expectation. So far as we know, the plan is still in place for exchanges to begin before the Forex release around the 15th, give or take a day because of the MLK holiday...We are waiting for updates on the progress of that plan. We expect the dinar to go up, riding the wave on Forex, and are hearing that other currencies may well do the same.
1-10-2018 Newshound/Intel Guru BGG Article: "How to recognize the counterfeit Iraqi currency" Here are a few obvious points…1) I find it a little curious all this recent “float vs. no-float” talk in the marketplace lately. 2) Dated today, the CBI decides to put a “how to spot fake currency” memo…3) Did anyone happen to notice the last 3 notes? [referencing picture] I had to go back to my currency and dig out these notes to figure out what they were. That is a 1k, a 500 Dinar and a 250 Dinar note. WHY IN THE WORLD WOULD THE CBI BOTHER TELLING ANYONE HOW TO SPOT A FAKE 1K, 500 Dinar and 250 Dinar note?? The 1k is worth less than $1 right now… the 500 is about .50 and the 250 is not even worth a quarter!!
1-10-2018 Newshound/Intel Guru Mnt Goat I still believe we are in an unprecedented position to see the results of the re-instatement of the Iraqi dinar very soon. Know one will know the exact date or time. No one will know the exact rate until it finally shows up at the banks (and is tradable AT THAT RATE). ...I have to tell you that the news could not get any better and you know I verify everything. I am told there is a target within the next couple weeks for the FOREX (and other international currency exchanges) to show the rate. I told everyone what I knew was that Iraq would do an internal re-instatement then wait until the US Treasury rolls out the revaluation and to the global exchanges. I do not want to get into a count down because no one really knows just exactly how long this delay period will be. I was told to expect 2-3 weeks. This will bring us to the end of January, which is within the window the CBI just told me days ago, is still the target.
1-10-2018 Intel Guru Bruce As far as the rate, I can tell you we have people that are trading the dinar on preloads or futures. The last rates I heard yesterday during that situation of trading were approaching $6. That is a good sign as to where the dinar might roughly may come out initially. We think it might come out and go up, but we don’t know how far. Remember what Dr Shabi said from Iraq in December 2012 about Iraqi dinar being able support a rate of $16? Don’t know if that will be initially, but I can tell you they are very proud and happy. [post 3 of 3]
1-10-2018 Newshound/Intel Guru Mnt Goat I still believe we are in an unprecedented position to see the results of the re-instatement of the Iraqi dinar very soon. Know one will know the exact date or time. No one will know the exact rate until it finally shows up at the banks (and is tradable AT THAT RATE). ...I have to tell you that the news could not get any better and you know I verify everything. I am told there is a target within the next couple weeks for the FOREX (and other international currency exchanges) to show the rate. I told everyone what I knew was that Iraq would do an internal re-instatement then wait until the US Treasury rolls out the revaluation and to the global exchanges. I do not want to get into a count down because no one really knows just exactly how long this delay period will be. I was told to expect 2-3 weeks. This will bring us to the end of January, which is within the window the CBI just told me days ago, is still the target.
1-10-2018 Intel Guru Bruce As far as the rate, I can tell you we have people that are trading the dinar on preloads or futures. The last rates I heard yesterday during that situation of trading were approaching $6. That is a good sign as to where the dinar might roughly may come out initially. We think it might come out and go up, but we don’t know how far. Remember what Dr Shabi said from Iraq in December 2012 about Iraqi dinar being able support a rate of $16? Don’t know if that will be initially, but I can tell you they are very proud and happy. [post 3 of 3]
1-10-2018 Intel Guru Bruce What is interesting is this. 1) The fact they were there to resign new agreements and put new business deals together in Iraq based on a new rate. 2) The fact there is a total internet blackout worldwide from Iraq right now. 3) Tomorrow is supposed to be a major day of celebration in Iraq, a day of reconciliation, a freedom day. I don’t remember exactly what they are calling, but they have some of those words in it. That is something that we understand maybe the opportunity to actually finally put out their new rate or to make it internationally publicly known. Since that has not been the case, and that is why the internet in Iraq is completely blackened out because they are getting ready to do that. [post 2 of 3....stay tuned]
1-10-2018 Intel Guru Bruce It is interesting because we are getting a lot of good things pointing to the timing being now, meaning this week for us. Remember awhile back I had said we had 112 companies represented with 89 different countries in Iraq and they were doing business signing up and getting ready to get started? That has been a month or so. Guess what? They are back. They started coming in droves Saturday and Sunday into Iraq to sort of re-ink new agreements with Iraq’s new value rate on their dinar. [post 1 of 3....stay tuned]
1-10-2018 Newshound Guru MilitiaMan We all know by now they have introduced new ATMs in the country. They are going to need a medium of exchange of course, however, as here in the USA we use more and more debt cards than cash, no different for Iraq into the future and keep in mind this Marshal Plan they are going through is going to be in technical terms far more advanced in Finance than back in Germany and Japan. They have now have access to the best banking features in the world! Let us not forget that there is a mind by the CBI to use 50k and 100K notes in the future. Realize they are 3 Zero notes, however, they are not necessarily for the overall public. The public may want some if they can afford them, but, large transactions will be there utility. E-Dinar will be used for personal and commercial transactions. Very powerful information over the last 24 hours, imo!! [post 2 of 2]
1-10-2018 Newshound Guru MilitiaMan Articles “Know Your Currency” The article showing security features of their currency at this time frame is if not one of the two articles we seek, it sure is a contender for one of them, imo.! For the 250, 500 and 1,000 note to be openly used by the CBI noted in the article for security features, is for a good reason that we all should see right out the gate...There is no reason to worry about those notes with present 1184 program rate, now add the international calculation into the mix and you have a very valid reason to make people aware for what they have and own... And if one is a veteran in this investment, one better have had that on ones mind a long time ago! imo. It clearly is now (imo) a signal to every one that may own or will be using the new notes we expect in the near (Let's hope immediate future.) future to be part of the quiver of currencies coming soon not to discard. [post 1 of 2....stay tuned]
1-10-2018 Intel Guru Bruce It is interesting because we are getting a lot of good things pointing to the timing being now, meaning this week for us. Remember awhile back I had said we had 112 companies represented with 89 different countries in Iraq and they were doing business signing up and getting ready to get started? That has been a month or so. Guess what? They are back. They started coming in droves Saturday and Sunday into Iraq to sort of re-ink new agreements with Iraq’s new value rate on their dinar. [post 1 of 3....stay tuned]
1-10-2018 Newshound Guru MilitiaMan We all know by now they have introduced new ATMs in the country. They are going to need a medium of exchange of course, however, as here in the USA we use more and more debt cards than cash, no different for Iraq into the future and keep in mind this Marshal Plan they are going through is going to be in technical terms far more advanced in Finance than back in Germany and Japan. They have now have access to the best banking features in the world! Let us not forget that there is a mind by the CBI to use 50k and 100K notes in the future. Realize they are 3 Zero notes, however, they are not necessarily for the overall public. The public may want some if they can afford them, but, large transactions will be there utility. E-Dinar will be used for personal and commercial transactions. Very powerful information over the last 24 hours, imo!! [post 2 of 2]
1-10-2018 Newshound Guru MilitiaMan Articles “Know Your Currency” The article showing security features of their currency at this time frame is if not one of the two articles we seek, it sure is a contender for one of them, imo.! For the 250, 500 and 1,000 note to be openly used by the CBI noted in the article for security features, is for a good reason that we all should see right out the gate...There is no reason to worry about those notes with present 1184 program rate, now add the international calculation into the mix and you have a very valid reason to make people aware for what they have and own... And if one is a veteran in this investment, one better have had that on ones mind a long time ago! imo. It clearly is now (imo) a signal to every one that may own or will be using the new notes we expect in the near (Let's hope immediate future.) future to be part of the quiver of currencies coming soon not to discard. [post 1 of 2....stay tuned]
Elmer:
Not in today
Artmeister:
No new info yet today
Catnip:
ARTICLE 1 (from PM Abadi's website)
Last post dated January 9, 2018.
*************
ARTICLE 2
Tweets from Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt January 10, 2018 around 1 pm Eastern
Iraqis are #UnitedInVictory and the @IraqiGovt is determined to work with the people of Iraq and its international partners to build a peaceful and prosperous future for allGovernment of IraqVerified account @IraqiGovt January 10, 2018, around 11 am Eastern
PM @HaiderAlAbadi confirms that provincial and parliamentary elections will be held on time on 12 May 2018
*************
ARTICLE 3
Pictures of the first demonstration in Mosul to celebrate the victory and the army (5 pix)
2018/1/11 9:26
[Ayna-Baghdad]
The General Directorate for the Education of Nineveh, held a scouting march on the occasion of the Victory and the founding of the Iraqi Army, on the land of Al-Hadba camp in the forest area in Mosul.
The first march witnessed by the debtor after liberation from the gangs of the terrorist advocate on July 10 last and the announcement of the final victory on 10 of last month.
The march witnessed the participation of schools in Nineveh, where a scouting parade of schools, raising the Iraqi flag and the national anthem were held, as well as national and artistic events expressing the love of Iraq and the city of Mosul.
The Minister of Education, Mohammed Iqbal, praised "these important activities that affirm Nineveh's love for life and the dear homeland, stressing that it is an important step to restore its influential role among all governorates."
The Ministry of Education has rehabilitated the scout camp in the forests of Mosul to establish activities and embrace the delegations of the provinces to participate in sports and artistic championships.
*************
ARTICLE 4
Fayadh to the Tunisian president: Iraq has regained all its territory by standing as one
2018/1/10 16:08
[Ayna-Follow]
The National Security Adviser, Chairman of the Popular Rally Committee, Faleh Fayyad, discussed with Tunisian President Baiji Kayed Sebsi bilateral relations between the two countries and issues of common concern.
"The National Security Adviser met with the President of the Republic of Tunisia during his visit to the Tunisian capital, while he was briefed on the development of the situation in Iraq, especially the great successes achieved by the Iraqi security and military services in defeating terrorism and restoring its entire territory," the statement said. Thanks to the solidarity of society and stand united in the face of this serious scourge. "
"Iraq's sincere desire to further consolidate relations with Tunisia and open new avenues of cooperation, especially in the security and strategic areas," Fayyad said.
For his part, the Tunisian President mentioned the long-standing relations between the two countries and expressed his congratulations on Iraq's success in overcoming terrorism.
*************
ARTICLE 5
The United States to its citizens: Do not travel to Iraq
2018/1/11 9:50
[Where - Continue]
The United States has developed a new way to warn its citizens of the dangers of travel through a four-level safety system and an interactive map of the world that identifies several countries, including Iraq, Iran and five Arab countries.
The United States has listed 10 war zones and collapsed states in level four: Do not Travel - Afghanistan, Central African Republic, Iran, Iraq, Libya, Mali, Somalia, South Sudan, Syria and Yemen.
North Korea has also been classified at the fourth level with additional restrictions as US law bars US travelers from using their passports there, which means that travel is prohibited.
Some ratings may surprise or less international outrage. The State Department says it offers advice that was originally in place but in a new style.
Officials stressed that the change aims to make the advice more obvious to American travelers, although the system of travel warnings has long been controversial and considered by many humiliating countries.
"These are not political documents, they are warnings based on our assessment of the security situation," said consular official Michele Bernier-Thoth.
The ranking puts the top European allies of the United States, such as Britain, France and Germany in the second level: "Take more caution", while Uzbekistan is classified in the first level: "Follow the usual precautions."
US President Donald Trump ordered in January 2017 a travel ban for seven Muslim-majority countries, including Iraq, which sparked a wave of public outcry and anger. But Trump excluded Iraq from the embargo as a partner and ally in the fight against terrorism.
*************
ARTICLE 6
Abadi is preparing to launch his electoral bloc (victory) in isolation from Maliki's coalition
BAGHDAD (Reuters) - January 10 - Sources close to Prime Minister Haider al-Abadi announced his intention to launch his electoral bloc in isolation from a coalition of state law and his Islamic Dawa party.
The sources said that "the block Abadi expected will be named (victory) cross-sectarian." She pointed out that "a large number of candidates for blocs and alliances to join the bloc, including volunteers who fought and urged," referring to the popular crowd.
She pointed out that "Abbadi stipulated the candidates in the coalition bloc commitment to stay away from quotas in government sites, and called for the selection of professional candidates also goes to the participation of young people to build a promising future," pointing out that "the list of national Abadi include all Iraqi provinces and Iraqi women occupies a privileged position in it "He said. The head of the electoral administration, Riad Badran, announced that the number of electoral alliances that applied for registration in the Commission 19 electoral alliance. Badran said in a statement that the Electoral Commission is continuing to register electoral alliances after the decision of the Board of Commissioners to extend the registration of alliances until Thursday, 11/1/2018. Finished (1)
*************
ARTICLE 7
A fifth tremor hits Baghdad, Wasit, Diyala and Babylon
BAGHDAD (Reuters) - January 11 - A fifth earthquake shook the capital Baghdad and a number of Iraqi provinces in less than two hours, witnesses said. "The earthquake shook the capital Baghdad and the provinces of Wasit, Diyala and Babylon, and the latest tremor came after four tremors that occurred in less than two hours."
The northern city of Sulaymaniyah was more affected by the tremors, with no casualties being confirmed. In the city of Sulaymaniyah on Thursday, an earthquake measuring 7.4 on the Richter scale hit most parts of the city. "A tremor hit the province of Halabja and two areas in Sulaymaniyah province," the department said in a statement. "The earthquake was affected by the earthquake that hit the province of Kermanshah in Iran," she said.
The quake, which hit Baghdad and was felt by residents of the provinces, was 5.5 degrees on the Richter scale of nine degrees, "said the Iraqi seismic watchdog. Finished (1)
No comments:
Post a Comment