| Word on the Street Friday 2/9/18 |
Word on the Street Friday 2/9/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,168.0000 | 1,165.4000 | 1,165.4000 | | 07:07 |
| USD/VND | | | 22,677.0000 | 22,332.0000 | 22,332.0000 | | 07:07 |
| USD/CNY | | | 6.3321 | 6.2925 | 6.3253 | | 07:09 |
| USD/KWD | | | 0.2997 | 0.2989 | 0.2994 | | 07:08 |
| GBP/USD | | | 1.3986 | 1.3812 | 1.3929 | | 07:09 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,656.0000 | 13,598.0000 | 13,633.0000 | | 07:06 |
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Nigervan and Siliman discuss developments in the crisis between Baghdad and Erbil
Political
Since 2018-02-09 at 00:00 (Baghdad time)
Baghdad Mawazine News
The Prime Minister of the Kurdistan Region, Najran Barzani, discussed with US Ambassador to Iraq Douglas Seelman the developments of the crisis between Baghdad and Erbil and the participation of a delegation from the Kurdistan region in the conference to reconstruct Iraq to be held in Kuwait within days.
"The latest developments in the dialogue between Erbil and Baghdad to solve the problems between the two parties, and highlighted in particular the issue of securing the salaries of employees of the ministries of health and education in the Kurdistan Regional Government and lift the embargo imposed by the Iraqi government on International flights to and from the airports of the Kurdistan region and hoped the two sides that the outcome of the talks positive results and pave the way for a final solution to the problems between Erbil and Baghdad. "
The statement also pointed out that the two sides also discussed "the participation of the Kurdistan Regional Government delegation in the Conference on the reconstruction of Iraq to be held soon in Kuwait, in the hope that the Kurdistan region also benefit from this opportunity and get the share of aid and projects that are expected to be implemented for the purpose of reconstruction of Iraq after the end War on terror ".
The research in the upcoming elections in Iraq and in the Kurdistan region, the political process, the situation in Iraq and the region, and the post-elimination phase in Iraq and Syria in general, constituted another aspect of the meeting.
Security media denies the existence of deductions by allocations and salaries of security forces
Denied the Center for Media Security, on Friday, the existence of deductions on the allocations of salaries of security forces, noting that "the parties broadcast rumors and falsified the facts to influence the morale of our security forces heroine."
The center said in a statement received by the Journal News that it was surprised by "the attempts of broadcasters to spread rumors, falsify facts and mix papers to influence the morale of the security forces that liberated the land and carry out the cleansing and inspection operations."
"The security forces have the tasks of imposing security and stability in all provinces," the security information center said.
He added that "attempts to influence the security forces by falsifying the facts of the existence of deductions on the allocations of salaries of members of the security forces and the introduction of electoral matters is unacceptable and is an attempt to create a state of confusion with our heroic forces."
He pointed out that "the salaries of the security forces and allocations to them continues and stressed the commander-in-chief of the armed forces Haider Abadi secure and provide all financial allocations to them and the scrutiny and eager to go to the heroes fighters."
Al-Rusafa: Millions of narcotic pills seized at Baghdad airport
Release Date: 2018/2/9 0:09 • 278 times read
(Baghdad: Al Furat News) Revealed the Court of Inquiry Rusafa competent integrity issues on the seizure of millions of pills at the Baghdad International Airport.
"The security authorities at the Baghdad International Airport seized a large quantity of narcotic pills at Baghdad International Airport in implementation of the decision of the judge of the Integrity Investigation Court and in coordination with the Directorate of Investigation of Baghdad / Department of Investigation / integrity", said Judge Abdul Sattar Birqdar, spokesman of the Supreme Judicial Council.
"The amount of grain amounted to 7,387,560 seven million three hundred and eighty-seven thousand five hundred and sixty pills of Artin type."
He pointed out that "these grains entered the air cargo as a mobile accessories as is installed in the document of shipment, which was seized on the basis of a fundamental and organized minutes."
"The amount of grain amounted to 7,387,560 seven million three hundred and eighty-seven thousand five hundred and sixty pills of Artin type."
He pointed out that "these grains entered the air cargo as a mobile accessories as is installed in the document of shipment, which was seized on the basis of a fundamental and organized minutes."
Deputy: Budget will continue during the current month by a majority of the National Alliance and the Union of Forces
Political
Since 2018-02-08 at 20:23 (Baghdad time)
Baghdad - Mawazine News
A member of the Finance Committee Hossam al-Aqabi, Thursday, that the next Sunday will see the report of the Finance Committee on the budget and the completion of the second reading, indicating that the budget will continue during the month of February, the majority of the National Alliance and the Union of Forces.
A member of the Finance Committee Hossam al-Aqabi, Thursday, that the next Sunday will see the report of the Finance Committee on the budget and the completion of the second reading, indicating that the budget will continue during the month of February, the majority of the National Alliance and the Union of Forces.
"The Finance Committee has completed the preparation of its full report on the comments on the budget to be presented to Parliament," Al-Aqabi said in a statement received by Mawazine News.
"The punishment that" the next Sunday will see the Commission's presentation of its report and then the second reading and see the comments of members of parliament, "stressing" the possibility of achieving a quorum and hold the meeting to complete the second reading. "
Al-Aqabi said that "the House of Representatives will pass the budget during February, the majority of the National Alliance and the Union of forces without the need to attend the Kurds in the event of their insistence on not attending meetings."
It is worth mentioning that the Speaker of the House of Representatives Salim al-Jubouri had postponed the second reading of the bill of the budget in 2018 in a session on Monday, after the attempt of three deputies in response to the disruption of the meeting and prevent the Finance Committee from completing the second reading of the draft budget.
The delegation of the Iraqi Journalists Association met «visitor»
Al-Kharf: What brings together Kuwait and Iraq is greater than the relationship of common destiny
Minister of Finance Dr. Said that the Kuwait International Conference for the Reconstruction of Iraq will contribute to strengthening the existing relations between the two countries, pointing out that what brings together the two countries is greater than the relationship of common destiny.
Al-Hajraf said on the sidelines of his meeting with the delegation of the Iraqi Journalists Syndicate, which is currently visiting Kuwait, that Kuwait is proud to host the conference under the patronage of Ameeriya Samia and the presence and participation of major international organizations, international companies and civil society institutions.
He explained that the conference confirms Kuwait's role in supporting and supporting Iraq and its keenness to extend cooperation to all, pointing to the importance of stability and building Iraq, which will be reflected positively on the region. Al-Hajjaf expressed the hope that the media will play the role required to enhance cooperation between the two countries, stressing that Kuwait will remain a land of good and friendship, peace and building as it was entrusted by all.
He stressed the importance of investing, supporting and nurturing the human element in education and education in addition to providing the appropriate health climate for the care of Iraqi citizens as required, as this is one of the most important components of developed societies.
The delegation of the Iraqi journalists union, which is currently visiting the country, is meeting with a number of government officials and some financial and relief institutions to discuss issues related to the Kuwait International Conference for the Reconstruction of Iraq.
The Iraq reconstruction conference is scheduled to take place from February 12 to 14 with the participation of a number of donor countries and international and regional organizations and the presidency of five parties - the European Union, Iraq, Kuwait, the United Nations and the World Bank.
Al-Hajraf said on the sidelines of his meeting with the delegation of the Iraqi Journalists Syndicate, which is currently visiting Kuwait, that Kuwait is proud to host the conference under the patronage of Ameeriya Samia and the presence and participation of major international organizations, international companies and civil society institutions.
He explained that the conference confirms Kuwait's role in supporting and supporting Iraq and its keenness to extend cooperation to all, pointing to the importance of stability and building Iraq, which will be reflected positively on the region. Al-Hajjaf expressed the hope that the media will play the role required to enhance cooperation between the two countries, stressing that Kuwait will remain a land of good and friendship, peace and building as it was entrusted by all.
He stressed the importance of investing, supporting and nurturing the human element in education and education in addition to providing the appropriate health climate for the care of Iraqi citizens as required, as this is one of the most important components of developed societies.
The delegation of the Iraqi journalists union, which is currently visiting the country, is meeting with a number of government officials and some financial and relief institutions to discuss issues related to the Kuwait International Conference for the Reconstruction of Iraq.
The Iraq reconstruction conference is scheduled to take place from February 12 to 14 with the participation of a number of donor countries and international and regional organizations and the presidency of five parties - the European Union, Iraq, Kuwait, the United Nations and the World Bank.
Araji stresses the need to redouble efforts to achieve security and stability in Wasit
Baghdad / Al-Ghad Press:
During his visit to Wasit province on Thursday, Interior Minister Qassim al-Araji stressed the need to redouble efforts to achieve security and stability in the province.
"Interior Minister Qassim al-Araji is losing control of the province in Wasit province and he stressed the importance of carrying out tasks and duties professionally and doubling efforts to achieve security and stability," a statement from his press office said.
During his visit to Wasit province on Thursday, Interior Minister Qassim al-Araji stressed the need to redouble efforts to achieve security and stability in the province.
"Interior Minister Qassim al-Araji is losing control of the province in Wasit province and he stressed the importance of carrying out tasks and duties professionally and doubling efforts to achieve security and stability," a statement from his press office said.
He added that "Araji praised the sincere efforts of the members of the control, and also briefed on mechanisms of work in control," stressing the "need to cooperate with citizens."
The statement said that "Araji also met with a group of tribal sheikhs and dignitaries of the Dabuni area in the province who welcomed his visit, praising his efforts to achieve security and stability and combat crime and terrorism."
d
Kauaihn Iraq Articles: dd
Announcement of the end of preparations for the Kuwait International Conference for the Reconstruction of Iraq
The General Secretariat of the Council of Ministers announced on Friday the end of all preparations for the Kuwait International Conference for the Reconstruction of Iraq, which will start on Monday for three days.
"The agenda of the conference, which will be held by the official delegation of Iraq, which includes a number of ministers and officials in the relevant authorities of the federal government and the Kurdistan region, as well as the governors of all provinces, will include three main axes (reconstruction, investment and stability support) And peaceful coexistence).
He added that "the government adopted in its mentioned forums a series of studies distributed on the three days, where the first day will discuss the study of damage and needs survey, as well as projects to support stability and community reconciliation and peaceful coexistence, while the second day will discuss another study to identify the procedures for creating the right environment (212) investment projects for all sectors of the Iraqi economy, including projects in the Kurdistan region, which will be announced during the second day of the conference entitled (Invest in Iraq), and will be the final day of the conference, which will be sponsored by Amir Du Of Kuwait and the Prime Minister Haider al-Abadi in the presence of Secretary General of the United Nations and the President of the World Bank and coordinator of the European Union announced the support to be provided by participating countries to Iraq.
The Office of Information and Communication Government pointed out that the period of the conference will be accompanied by three specialized conferences, the first relates to the reconstruction and presented in its meetings details of documents on direct and indirect damage, and the efforts required to promote the economic and service situation, and attend the conference hundreds of international experts and representatives of ministries and other relevant parties, The second conference is to support the stability and response of the current needs, in the presence of a large number of charities and civil society organizations in Iraq, Arab and international and a number of representatives of official bodies.
The third conference will be attended by representatives of hundreds of companies. The National Investment Authority will hold a large qualitative exhibition in which a large number of public companies affiliated to the Ministry of Industry, Minerals, Ministries and others will participate. The delegates will offer investment offers to hundreds of companies.
The Iraqi government appreciates the quickness of Kuwait's brotherly government in congratulating Iraq for achieving victory over its leader and the initiative of its Emir to embrace the conference and adopt it to meet all the requirements of the conference, including the hosting of international delegations, including the cost of hosting the Iraqi delegation during the said period.
Kuwait will receive during the four days of the conferences about (3000) participants from the world, and that the Iraqi delegation will be limited to participate according to the days specified by the above hubs.
A telephone call between the Turkish President and the Kurdistan Government Spokesman
Turkish President Recep Tayyip Erdogan, telephoned with a spokesman for the Kurdistan Regional Government Sven Dzahi, condolences to the death of his mother.
According to a source close to the family of Kurdish politician Mohsen Dazaie, told (Basneoz) that Turkish President Recep Tayyip Erdogan held a telephone conversation Thursday with the spokesman of the Kurdistan Regional Government Sven Dzahi.
The source added that Erdogan expressed during the telephone call his condolences to Safin Dazaiei on the death of his mother, wishing that the end of the sorrows of the family.
Najibah Ahmed Dazaiei, the widow of the well-known Kurdish politician Mohsen Dazaie, and the mother of KRG spokesman Sven Dzahi, died on Wednesday evening (February 7th).
Nechervan Barzani and the US ambassador hope positive results of the talks in Baghdad - Erbil
In discussing the issue of salaries, airports of the region and the Kuwait ...
The President of the Kurdistan Regional Government, Nechirvan Barzani, and US Ambassador to Iraq Douglas Silliman expressed their hope that the talks between Baghdad and Erbil will produce positive results and discussed a number of issues, including the salaries of the staff of the region and lifting the ban on airports Erbil and Sulaymaniyah, Iraq reconstruction to be held soon in Kuwait.
The Prime Minister of the Kurdistan Region, Nigervan Barzani, received Thursday evening (February 8th), the US ambassador in Baghdad, Douglas Seelman and the accompanying delegation, according to a statement of the provincial government.
During the meeting, they discussed the latest developments in the dialogue between Erbil and Baghdad in order to resolve the outstanding problems between the two sides. The two sides discussed in particular the issue of salaries of officials of the ministries of health and education in the region and lifting the ban imposed by Baghdad on international flights to and from Erbil and Sulaymaniyah airports. That the talks will produce positive results and pave the way for a final solution to the problems between Erbil and Baghdad.
There have been recent meetings between officials of Baghdad and the Kurdistan Regional Government to resolve the existing problems, but the Iraqi government has not yet made any concrete steps in this context.
The Iraqi government imposed a series of punitive measures against the Kurdistan Region since the self-determination referendum, which was organized last September, including the closure of airports in the region, as well as Baghdad to pay the salaries of regional staff, and share of Kurdistan from the federal budget.
The two sides also discussed the participation of the Kurdistan Regional Government delegation in the conference on the reconstruction of Iraq to be held soon in Kuwait, and expressed the hope that the Kurdistan Region will also benefit from this opportunity and get the share of aid and projects that are expected to be implemented for the purpose of reconstruction of Iraq after the end of the war on Terrorism.
The Kurdistan region suffers from financial and economic crisis due to the siege imposed by Baghdad, in addition to the consequences of the war on Dahesh, which participated in the region very effectively, as well as sheltering Kurdistan for hundreds of thousands of displaced and refugees, which led to deepening the financial crisis.
The meeting also dealt with the upcoming elections in Iraq and the Kurdistan Region, the political process, the situation in Iraq and the region, and the post-elimination phase in Iraq and Syria in general.
America shocked Iraq at the Kuwait conference
Date of release: 2018/2/8 23:14 • 204 times read
(International: al-Furat News) US and Western officials revealed the news may be "shock" to Iraq.
They told Reuters the United States had no plans to contribute any money at an Iraq reconstruction conference to be held in Kuwait next week.
The conference aims to discuss Iraq's reconstruction after the war.
Analysts promised the move could pose a new blow to the US international standing.
"We do not intend to announce anything," a US official told Reuters on Thursday regarding financial assistance at the conference, which will be attended by Foreign Secretary Rex Tillerson.
But the official said Tillerson might decide to make a US contribution ahead of the conference.
US Secretary of State Rex Tillerson will travel to Kuwait, Jordan, Turkey, Lebanon and Egypt from February 11 to 16.
He heads his delegation at the ministerial meeting of the International Coalition for a landslide defeat and participates in the Iraq reconstruction conference scheduled in Kuwait.
The conference aims to discuss Iraq's reconstruction after the war.
Analysts promised the move could pose a new blow to the US international standing.
"We do not intend to announce anything," a US official told Reuters on Thursday regarding financial assistance at the conference, which will be attended by Foreign Secretary Rex Tillerson.
But the official said Tillerson might decide to make a US contribution ahead of the conference.
US Secretary of State Rex Tillerson will travel to Kuwait, Jordan, Turkey, Lebanon and Egypt from February 11 to 16.
He heads his delegation at the ministerial meeting of the International Coalition for a landslide defeat and participates in the Iraq reconstruction conference scheduled in Kuwait.
Sweden donates $ 12 million to Iraq's stability
08-02-2018 04:02 PM
Great progress has been made in the liberated areas of Iraq and it is wonderful to see that people choose to return to their areas and begin to rebuild their lives," Liz Gray, a UN representative, told the UN website. "He said.
"Iraq remains a priority in the field of Swedish cooperation for development," said Swedish Ambassador to Iraq Puntos Melander. "The United Nations funding facility is a crucial element in sustaining the civilian effort after liberating regions from terrorist organization ."
Sweden's total contribution to the United Nations Iraq Program has reached about $ 26 million since 2015
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EPA’s Scott Pruitt asks whether global warming ‘necessarily is a bad thing’
The Washington Post
Usually when New York Giants linebacker Devon Kennard invests, he's conservative, but his teammates kept talking about cryptocurrency.
Arianna Huffington swears by this simple money-saving tip that can also save you time
Arianna Huffington is worth millions but she swears by this simple money-saving tips that's also a time-saver.
Read more: https://www.cnbc.com/2018/02/
OIL/COMMODITIES/ENERGY
Crude Oil Prices Dip In Early Asia On US Shale Gains, China Trade AheadInvesting.com
© Reuters. Crude down in Asia Read the full story
Home loans taken prior to April 2016 may become cheaper
Business Today
Top 5 Things to Know in the Market on WednesdayInvesting.com
These Parents Are Warning Others About The Dangers Of The Flu After Their Daughter Nearly Died
Romper
Litecoin Is Now a Surprise Favorite of Criminals
FORTUNE
Wells Fargo strategist: Bitcoin and the market are correlated
CNBC
The market and bitcoin are correlated, says analyst. Both took a hit earlier this week and now begin to recover. Read the full story
Dollar rides to 2-week high on wave of U.S. budget deal optimism
MarketWatch
Dollar drops below 73 US cts as global volatility subsides | Scoop News
Scoop
Feb. 8 (BusinessDesk) - The New Zealand dollar dropped below 73 US cents ahead of the Reserve Bank's policy review which will likely keep interest rates on hold as other central banks are poised to start hiking. Read the full story
forex - Dollar Index Remains Supported at 2-Week PeakInvesting.com
USA/CANADA
Pelosi Marathon Speech on Immigration Breaks 1909 House Record
Bloomberg
Emerging-market ETFs poised for best day in nearly a yearMarketWatch
Investors dumped emerging market stocks right before the sell-off went global
Yahoo Finance
GLOBAL/NEWS/INFO
EPA’s Scott Pruitt asks whether global warming ‘necessarily is a bad thing’
The Washington Post
The EPA chief says humans have “most flourished” during periods in which temperatures trended upward. Read the full story
How to deal with difficult people
Here is a three-step method for responding in an effective way, write Deepak Chopra and Kabir Sehgal.
NFL player who lost money in bitcoin is now listening to Warren BuffettHere is a three-step method for responding in an effective way, write Deepak Chopra and Kabir Sehgal.
Usually when New York Giants linebacker Devon Kennard invests, he's conservative, but his teammates kept talking about cryptocurrency.
Arianna Huffington is worth millions but she swears by this simple money-saving tips that's also a time-saver.
Read more: https://www.cnbc.com/2018/02/
OIL/COMMODITIES/ENERGY
Gold prices threaten to mark longest skid in 7 months
MarketWatch
Oil prices fall as US output soars above 10 million bpd
Oil prices were close to their lowest levels this year, with soaring U.S. output undermining OPEC's efforts to tighten markets and prop up prices.
MarketWatch
Gold futures on Thursday were headed lower, putting the commodity on track to market its longest succession of down days in about seven months as the U.S. dollar strengthens, weighing on the dollar-pegged asset. Read the full story
Gold Slides To Lowest Level In A Month Amid Firmer DollarInvesting.com
Oil Prices Slump To 5-Week Low Amid Rising U.S. OutputInvesting.com
Gold prices fall to 1-month low Read the full story
Gold holds losses on firmer dollar amid rate hike views
Gold prices held on to losses from the previous session early on Thursday, after the precious metal fell to four-week lows on a firmer dollar.
Gold prices held on to losses from the previous session early on Thursday, after the precious metal fell to four-week lows on a firmer dollar.
Read more: https://www.cnbc.com/2018/02/
© Reuters. Oil falls to 5-week lows Read the full story
Oil prices were close to their lowest levels this year, with soaring U.S. output undermining OPEC's efforts to tighten markets and prop up prices.
Read more: https://www.cnbc.com/2018/02/
Crude Oil Prices Dip In Early Asia On US Shale Gains, China Trade AheadInvesting.com
© Reuters. Crude down in Asia Read the full story
BANKS/BANKING/CREDIT
Home loans taken prior to April 2016 may become cheaper
Business Today
Old home loans are likely to become cheaper with the RBI asking banks to link from April 1 the base rate with MCLR, which is more sensitive to policy rate signals. Read the full story
Opinion | Banking's Great Comedy Double-Act
Bloomberg
Zimbabwe: Central Bank Unveils Measures to Boost Investment
AllAfrica
Bloomberg
Things are so bad at Deutsche Bank AG that even Commerzbank AG is starting to look like a better bet. Don't get carried away though. On Thursday, the lender once lampooned as "Comedy Bank" posted better-than-expected fourth-quarter profit and said it may start paying dividends again for the first time in three years. The shares have risen 14 percent in the past six months, the fourth-best performing stock in the Bloomberg Europe 500 Banks and Financial Services Index. Meanwhile, Deutsche Bank Read the full story
AllAfrica
The Reserve Bank of Zimbabwe (RBZ) yesterday unveiled a raft of interventions, including enhancing nostro stabilisation facilities to support foreign payments, backed by a $1,5 billion kitty to be availed by the Afreximbank, as part of measures to accelerate economic turnaround. Zimbabwe is tying the loose ends to the $1,5 billion funding facility with the Afreximbank to provide security against potential risk of investment, in a bid to stimulate investor confidence. The funds will also be used Read the full story
Bank of America is investigating the deal with a South African retailer that blew a $1 billion hole through Wall Street bank earnings
Business Insider
Business Insider
A handful of banks made a loan to the ex-chairman of South African retailer Steinhoff International The loan went belly-up after Steinhoff became embroiled in an accounting scandal. That cost Wall Street banks over $1 billion on their fourth-quarter earnings. Bank of America has hired an outside law firm to figure out whether the losses could've been prevented, according to The Wall Street Journal. A bad loan to the ex-chairman of embattled South African retailer Steinhoff International cost Read the full story
Wells Fargo strategist: Bitcoin and the market are correlated
CNBC
The Motley Fool
CNBC
The market and bitcoin are correlated, says analyst. Both took a hit earlier this week and now begin to recover. Read the full story
Credit Suisse defends controversial financial product at the center of the market turmoil
Credit Suisse is defending the VelocityShares Daily Inverse VIX Short-Term exchange-traded note, as experts question the logic behind such securities.
Credit Suisse is defending the VelocityShares Daily Inverse VIX Short-Term exchange-traded note, as experts question the logic behind such securities.
Swiss Re in talks with SoftBank over minority stake sale
Business Insider
New York Community Bancorp Could Have a Great 2018Business Insider
FILE PHOTO: The logo of Swiss insurer Swiss Re is seen in front of its headquarters in Zurich Thomson Reuters ZURICH (Reuters) - Swiss Re is in preliminary discussions with Japan's SoftBank Group <9984.T> on a potential minority investment in the Swiss reinsurer, the Zurich-based group said on Wednesday. The statement followed a report in the Wall Street Journal that the two groups were in advanced talks on a deal that could be worth $10 billion or more. The report, citing sources familiar with Read the full story
The Motley Fool
Not only did the bank report solid earnings, but there’s also reason for optimism about the future. Read the full story
AI IN BANKING AND PAYMENTS: How artificial intelligence is cutting costs, building loyalty, and enhancing security across financial servicesBusiness Insider
Citigroup targets rapid Middle East, Africa growth in 2018
Business Insider
This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here. Artificial intelligence (AI) is one of the most commonly referenced terms by financial institutions (FIs) and payments firms when describing their vision for the future of financial services. AI can be applied in almost every area of financial services, but the combination of its potential and complexity has made AI a buzzword, and led to its Read the full story
Business Insider
The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto Thomson Reuters By Tom Arnold ABU DHABI (Reuters) - Citigroup expects 2018 to be its best year for investment banking in the Middle East and Africa in at least a decade, likely led by Saudi Arabia, a senior executive at the U.S. bank said. Nigeria, Egypt and the United Arab Emirates would also be the main growth drivers as bond sales, mergers and acquisitions and public share sales pick-up, Miguel Azevedo, Read the full story
Deutsche Bank plunges to 2016 crisis level after earnings flop
My San Antonio
My San Antonio
Deutsche Bank fell to the lowest level since a crisis of confidence in 2016 after its fourth-quarter earnings flop prompted analyst downgrades. MainFirst's Daniel Regli lowered his recommendation on the stock to the equivalent of sell on Wednesday, citing the bank's "damaged franchise as well as a need for substantial restructuring, including the closure of several businesses." Neil Smith at Bankhaus Lampe cut his target price but kept his buy recommendation. Read the full story
Rabobank pleads guilty to money laundering, agrees to $369 million fine
MarketWatch
MarketWatch
Rabobank, a Roseville, California subsidiary of the Netherlands-based Coöperatieve Rabobank U.A., pleaded guilty on Wednesday to a felony conspiracy charge for concealing deficiencies in its anti-money laundering program and obstructing the regulatory examination of the bank. Rabobank will forfeit $369 million. Rabobank admitted to conspiring with several of its former executives to defraud the United States by unlawfully impeding the OCC's ability to regulate the bank, and to allowing hundreds Read the full story
The worst credit card habits you need to break now
MarketWatch
Here are the top seven credit card mistakes you should avoid at all costs. Read the full story
MarketWatch
Here are the top seven credit card mistakes you should avoid at all costs. Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on WednesdayInvesting.com
© Reuters. 5 key factors for the markets on Wednesday Read the full story
Don’t panic – but don’t ignore the market’s warning signs - MoneyWeek
MoneyWeek
Bloomberg’s Julie Hyman gives a crash course on the rise and fall of the hottest trade on Wall Street. It was the hot trade on Wall Street, a seemingly sure thing that lulled everyone from hedge fund managers to small-time investors. Now newfangled investments linked to volatility in the stock market -- until a few years ago, obscure niche products -- have exploded in spectacular fashion. The shock waves have only just begun. How these investments proliferated is a classic story of Wall Street Read the full story
MoneyWeek
Markets are recovering from the recent crash. Nobody should panic – but nor should they shrug it off, says John Stepek. There are plenty of cracks appearing. Read the full story
Stock market investors await earnings barrage
Fox News
Opinion | Stock Bulls Better Be Careful What They Wish For
Bloomberg
Volatility Inc.: Inside Wall Street’s $8 Billion MessBloombergFox News
U.S. futures were little changed after a wild ride for investors earlier in the week. Read the full story
Bloomberg
Central bankers are fostering inflation and market bubbles. For most of the post-crisis period, stock market bulls have wished for inflation to return. They claimed it would be a validation of a strong economy and good earnings, and would lead to a rotation out of fixed-income assets and into riskier investments such as equities. Stock bulls should be careful what they wish for. The chart below shows that the U.S. 10-year inflation breakeven rate, or the bond market’s expectation for the average Read the full story
Weekly Comic: Market Volatility Comes Roaring Back! What's Next?Investing.com
Stock Markets Feb 08, 2018 12:29 GMT Investing.com - Aftershocks from this week’s wild roller-coaster ride on Wall Street continued to reverberate around markets on Thursday, a sign that market participants remain jittery amid increased volatility levels. The wild ride in U.S. equities started on Monday, when both the Dow and S&P 500 indices plunged more than 4%, with the former notching its biggest intraday decline in history with a nearly 1,600-point drop, as investors rushed for the exits in Read the full story
Bloomberg’s Julie Hyman gives a crash course on the rise and fall of the hottest trade on Wall Street. It was the hot trade on Wall Street, a seemingly sure thing that lulled everyone from hedge fund managers to small-time investors. Now newfangled investments linked to volatility in the stock market -- until a few years ago, obscure niche products -- have exploded in spectacular fashion. The shock waves have only just begun. How these investments proliferated is a classic story of Wall Street Read the full story
INSURANCE/HEALTH
These Parents Are Warning Others About The Dangers Of The Flu After Their Daughter Nearly Died
Romper
By now, you've likely heard that this year's flu season is turning out to be much more dangerous than other years. If health experts and news articles haven't convinced you to go take you and your family to get a flu shot, these parents are warning o… Read the full story
Here's How The Flu Test Actually Works & What All That Swabbing Does
Romper
Romper
After hearing about the intensity of the flu is this year, even the slightest symptoms may have you feeling anxious. If you feel like you’re coming down with something or see your kids looking a little under the weather, you should probably head to t… Read the full story
How to Know When a Child’s Flu Turns Serious
The New York Times
Signs to watch for are persistent high fevers and fevers that flare up again after the child seems to be over the worst of the illness. Read the full story
The New York Times
Signs to watch for are persistent high fevers and fevers that flare up again after the child seems to be over the worst of the illness. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Litecoin Is Now a Surprise Favorite of Criminals
FORTUNE
Bitcoin, which has for years been the currency of choice on the so-called dark web, is falling out of favor among criminals. This is not surprising given bitcoin’s sluggish processing times, and law enforcement’s growing ability to track its transactions. More surprising is what these criminals are turning to instead. Rather than using one of the newer digital currencies with extra privacy features, such as ZCash or Monero, the most popular alternative is the bitcoin clone, Litecoin. Those are Read the full story
ECB official backs bitcoin clampdown
the guardian
the guardian
Yves Mersch joins growing list of experts calling for restrictions on cryptocurrencies •What the experts have said about bitcoin A top European Central Bank policymaker has joined calls for a global clampdown on virtual currencies such as bitcoin because of their threat to financial stability. Yves Mersch, a member of the ECB’s executive board, said the central bank shared the views voiced by Agustín Carstens, the head of the Bank for International Settlements, who on Monday condemned bitcoin as Read the full story
Bitcoin continues its steady recovery, rising above $8,000
MarketWatch
MarketWatch
Bitcoin is trading above $8,000, and a broad swathe of cryptocurrencies also moved higher in what has been a volatile week for the sector. Read the full story
For cryptocurrency, online criminals prefer availability to anonymity
Axios
Axios
Online criminals prefer the more available Litecoin to the harder-to-trace Monero. Read the full story
This crypto-millionaire bought a Lamborghini for $115 thanks to bitcoin
Lamborghinis have become the favorite splurge of bitcoin millionaires.
Lamborghinis have become the favorite splurge of bitcoin millionaires.
Wells Fargo strategist: Bitcoin and the market are correlated
CNBC
The market and bitcoin are correlated, says analyst. Both took a hit earlier this week and now begin to recover. Read the full story
CURRENCIES
Dollar rides to 2-week high on wave of U.S. budget deal optimism
MarketWatch
The greenback marches higher, sending a key dollar index to a two-week high as optimism over a budget deal in Washington and hopes of higher interest rates continued to prop up the greenback. Read the full story
Dollar drops below 73 US cts as global volatility subsides | Scoop News
Scoop
Feb. 8 (BusinessDesk) - The New Zealand dollar dropped below 73 US cents ahead of the Reserve Bank's policy review which will likely keep interest rates on hold as other central banks are poised to start hiking. Read the full story
Dollar holds onto gains vs. rivals as U.S. government averts shutdown Read the full story
Forex - Dollar at 2-Week Highs after U.S. Budget DealInvesting.com
© Reuters. Dollar at 2-week highs after U.S. budget deal Read the full story
Pound to euro exchange rate: Sterling improves ahead of Bank of England 'Super Thursday'
Express
Express
THE POUND is currently trading against the euro at £1.132, as of 7:20am this morning. The exchange rate is expected to be affected by the Bank of England meeting later today. The pound has improved on yesterdays figures, increasing from £1.127 against the euro. It comes ahead of the Bank of England’s meeting later today, dubbed ’Super Thursday’, to discuss the interest rates and whether they will be increased. Read the full story
Forex - Aussie, Kiwi Hover at 1-Month Lows, RBNZ HoldsInvesting.com
Forex - Aussie Weaker In Asia After China Trade, Jump In Imports NotedInvesting.com
Aussie, kiwi under pressure vs. stronger greenback as caution dominates Read the full story
© Reuters. Aussie weaker in Asia Read the full story
Forex - PBOC Sets Yuan Parity At 6.2822 Against Dollar, Strongest Since Aug 2015Investing.com
Here’s the latest sign that China is loosening its grip on the yuan
MarketWatch
Market participants say there are growing signs that China is willing to let its tightly-controlled currency appreciate in line with market forces, pointing to the country’s recent foreign-exchange reserve report. Read the full story
© Reuters. Yuan parity Read the full story
MarketWatch
Market participants say there are growing signs that China is willing to let its tightly-controlled currency appreciate in line with market forces, pointing to the country’s recent foreign-exchange reserve report. Read the full story
Pelosi Marathon Speech on Immigration Breaks 1909 House Record
Bloomberg
House Minority Leader Nancy Pelosi gave the longest House floor speech since at least 1909 on Wednesday, talking for more than eight hours to demand a vote on legislation to protect young immigrants from deportation. Pelosi, a California Democrat who served as House speaker from 2007 to 2011, took the House floor shortly after 10 a.m. Wednesday and wrapped up her speech after 6 p.m. Breaking the record was "not my goal today," said Pelosi, 77, as she read stories and letters about the academic, Read the full story
Senate leaders say they've reached two-year budget deal
MarketWatch
Consumer borrowing stays strong in December
MarketWatch
O’Sullivan says economic momentum is very strong
MarketWatch
Economic momentum could lead to overshooting, says Jim O’Sullivan, the forecaster of the month. Read the full story
MarketWatch
Senate leaders said Wednesday they've reached agreement on a two-year budget deal that would raise spending for both defense and domestic programs. Senate Majority Leader Mitch McConnell and Senate Minority Leader Charles Schumer announced the deal on the floor, just a day before government funding is due to expire. Earlier Wednesday, House Minority Leader Nancy Pelosi said she and several other Democrats would vote against it unless they were guaranteed a vote on immigration. Read the full story
MarketWatch
Consumer credit expanded $18.4 billion in December, the Federal Reserve said Wednesday. Read the full story
MarketWatch
Economic momentum could lead to overshooting, says Jim O’Sullivan, the forecaster of the month. Read the full story
EMERGING MARKETS
Emerging-market ETFs poised for best day in nearly a yearMarketWatch
Major exchange-traded funds that track emerging-market equities soared on Tuesday, in a partial recovery from a massive multiday drop. Read the full story
Yahoo Finance
Long before Monday's market meltdown, emerging markets had seen $4 billion of losses. Could they be a leading indicator for U.S. stocks? Read the full story
Reports: Rat infestation impedes Puerto Rico donation efforts
CBS News
CBS News
The infestation contaminated supplies that never made it to the island, which was devastated last year by Hurricane Maria, the Orlando Sentinel reports Read the full story
Puerto Rico in line for nearly $5 billion in federal aid for Medicaid
Business Insider
FILE PHOTO: Cars drive under a partially collapsed utility pole, after the island was hit by Hurricane Maria in September, in Naguabo Thomson Reuters By Nick Brown and Richard Cowan (Reuters) - A $90 billion disaster aid package agreed on by U.S. lawmakers on Wednesday would include nearly $7 billion in aid to storm-battered Puerto Rico and the U.S. Virgin Islands, according to two Senate Democratic aides and Puerto Rico's governor. The deal, likely to be voted on in Congress this week, would Read the full story
Business Insider
FILE PHOTO: Cars drive under a partially collapsed utility pole, after the island was hit by Hurricane Maria in September, in Naguabo Thomson Reuters By Nick Brown and Richard Cowan (Reuters) - A $90 billion disaster aid package agreed on by U.S. lawmakers on Wednesday would include nearly $7 billion in aid to storm-battered Puerto Rico and the U.S. Virgin Islands, according to two Senate Democratic aides and Puerto Rico's governor. The deal, likely to be voted on in Congress this week, would Read the full story
MIDDLE EAST
Int'l consortiums race for new railway projects in Egypt
Mubasher
Gulf Business
Russian army says U.S. goal in Syria is to capture economic assets - Breaking News - Jerusalem Post
Jerusalem Post
Mubasher
Mubasher
Cairo – Mubasher: The supreme committee of Egypt’s housing and transport ministries on Thursday announced the list of consortiums and global firms that submitted documents for implementation and operation of the projects of Ain Sokhna-New Alamain … Read the full story
UAE's first Swissôtel hotel opens in Dubai
There are two other Swissôtel properties in the Middle East The post UAE’s first Swissôtel hotel opens in Dubai appeared first on Gulf Business. Read the full story
Jerusalem Post
MOSCOW - Russia's defense ministry said on Thursday the ultimate goal of the United States in Syria is not to fight Islamic State but to seize economic assets, according to the Interfax news agency. It also said Syrian militants hit by the US-led coalition had not previously agreed their reconnaissance activities with Russia. Washington initially reported the strike on Wednesday. Read the full story
Crescent Petroleum to raise Iraq’s gas output in 3 yrs
Mubasher
Egypt to see single-digit inflation in 6M - ReportMubasher
Abu Dhabi – Mubasher: UAE-based Crescent Petroleum is planning to raise its natural gas output at its Pearl Petroleum venture in northern Iraq, Reuters reported on Thursday, citing the company’s president Badr Jafar. The firm aims at boosting its … Read the full story
Mubasher
Cairo – Mubasher: Egypt’s inflation is projected to fall to a single-digit over the coming six to nine months, according to a recent report by Capital Economics on Thursday. The decline in inflation means that the Central bank of Egypt’s (CBE) … Read the full story
AFRICA
Zimbabwe: Central Bank Unveils Measures to Boost Investment
AllAfrica
AllAfrica
The Reserve Bank of Zimbabwe (RBZ) yesterday unveiled a raft of interventions, including enhancing nostro stabilisation facilities to support foreign payments, backed by a $1,5 billion kitty to be availed by the Afreximbank, as part of measures to accelerate economic turnaround. Zimbabwe is tying the loose ends to the $1,5 billion funding facility with the Afreximbank to provide security against potential risk of investment, in a bid to stimulate investor confidence. The funds will also be used Read the full story
Zimbabwe: Govt Draws Down U.S.$1,1Billion From Afreximbank Facilities
AllAfrica
Zimbabwe: Electronic Money Hits 96% of Transactions
AllAfrica
AllAfrica
The Reserve Bank of Zimbabwe said it drew down as much as $1,1 billion from nostro stabilisation facilities last year extended by the Afreximbank as it sought to stabilise the foreign exchange market. This sustained the financing of critical imports such as fuel, electricity, medicines, fertilisers, cash imports and raw materials, RBZ governor John Mangudya said yesterday. Zimbabwe is facing a critical shortage of foreign currency as imports continue outweighing exports. The country has also not Read the full story
AllAfrica
Monetary transactions in the Zimbabwean economy are now dominated by electronic payment systems with more than 96 percent of local transactions now being conducted through plastic, internet and mobile money. While the use of electronic forms of payment came as a result of cash shortages, it puts the country ahead of other countries across the globe that are working towards achieving a cashless society. Presenting the 2018 Monetary Policy Statement (MPS) yesterday, Reserve Bank of Zimbabwe (RBZ) Read the full story
Zimbabwe: Domestic Debt Up 44%
AllAfrica
Southern Africa: Zimbabwe - an Opportunity for Reform?
AllAfrica
AllAfrica
Zimbabwe's domestic debt rose by 44,31 percent between November 2016 and November 2017 as Government spent beyond budgeted expenditure, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said. Presenting the 2018 Monetary Policy Statement in Harare yesterday, Dr Mangudya said that the figure, which stood at $7,6 billion in November 2016, ballooned to $10,6 billion in the same month in 2017, as Government resorted to borrowing to cut the budget deficit. "Domestic Credit Bank lending to Read the full story
AllAfrica
A new presidential administration in Zimbabwe offers an opportunity for much-needed democratic and economic reform after years of stagnation. In this excerpt from our Watch List 2018, Crisis Group proposes four key areas on which the EU and its member states should focus its support: the security sector, elections, the economy and national reconciliation. This commentary on the oppurtunity for reform in Zimbabwe is part of our annual early-warning report Watch List 2018. Amid a rise in Read the full story
ASIA
Chinese police are using facial recognition sunglasses to track citizens
The Verge
The Verge
The glasses are being used by officers in police stations to oversee travelers during the Lunar New Year Read the full story
China January trade surges amid tension with Washington
ABC News
ABC News
China's export growth accelerated in January amid rising trade tension with Washington while imports surged as factories stocked up ahead of the Lunar New Year holiday Read the full story
Opinion | Amid Market Turmoil, Where's China?
Bloomberg
Bloomberg
No big deal. China is eroding American dominance in many arenas -- just not the one that's been fixating the world for the past week. With global capital markets in turmoil, China has been largely absent from the conversation. Plenty of players are in the mix, from the Federal Reserve, to inflation, to volatility, to earnings, to stretched valuations. But China has been neither an overt contributor to the rout nor seen as an obvious solution. All eyes, for good or ill, have been on Wall Street. Read the full story
Nissan and other Japanese investors to meet with UK leader
ABC News
EUROPE
Greece launches bond in key step to exiting bailout era
ABC News
ABC News
Nissan, Toyota and other Japanese companies will be discussing their investments in Britain during a meeting with Prime Minister Theresa May and Treasury chief Philip Hammond Read the full story
Japan to inspect more cryptocurrency exchanges soon, may expand probe, source says
Japan's financial regulator will conduct on-site inspections on several cryptocurrency exchange operators this week, a source told Reuters.
Japan's financial regulator will conduct on-site inspections on several cryptocurrency exchange operators this week, a source told Reuters.
China's imports surge in January
CNBC
MarketWatch
Asian stock markets struggled for direction in early Thursday trading after European markets rebounded strongly overnight and U.S. equities finished near session lows on late selling. Read the full story
CNBC
China reported a jump in both imports and exports for the month of January. Read the full story
Asia markets to focus on higher US yields and firmer dollar
CNBC
Asian markets seek direction as bond yields recoverCNBC
Wall Street closed with slight losses while the dollar gained ahead of Asia's Thursday trading day. Read the full story
MarketWatch
Asian stock markets struggled for direction in early Thursday trading after European markets rebounded strongly overnight and U.S. equities finished near session lows on late selling. Read the full story
EUROPE
Greece launches bond in key step to exiting bailout era
ABC News
Greece has launched a seven-year bond auction, in the first major step this year toward a return to the markets Read the full story
Theresa May Plans Instant Split From Some EU Rules After Brexit
Bloomberg
Bloomberg
Prime Minister Theresa May is drawing up plans for an instant break from key European Union regulations -- including some on financial services -- after Brexit in a drive to exploit the upside of the divorce, according to senior U.K. officials. As part of the government’s emerging thinking for the "end state" relationship between Britain and the EU, the officials believe the country should immediately forsake EU rules in certain areas, while staying close in others for longer. Two people Read the full story
Brexit Bulletin: May’s Plan
Bloomberg
Britain will not hold a second EU vote after donation to stop Brexit: May's spokesman
Reuters
Bloomberg
Theresa May’s latest Brexit plan is to break free from some key European rules immediately after the divorce – including some on financial services – while staying close to others for longer, Tim Ross reports. The first changes would come into force after the transition period and the idea is to try to take advantage of the opportunities presented by the divorce, according to senior U.K. officials. The plan hasn’t been agreed on by May’s ministers, who are meeting this week to discuss what kind Read the full story
Reuters
Prime Minister Theresa May's government will not hold a second referendum on Britain's membership of the European Union, her spokesman said on Thursday after the billionaire George Soros donated money to stop Brexit. Read the full story
Stocks - European Markets Open Lower with BoE Decision on TapInvesting.com
© Reuters. Frankfurt Stock Exchange Read the full story
France, Germany want progress on taxing tech giants
Reuters
George Soros donated money to campaign for a rerun of Britain's EU referendum
Business Insider
FILE PHOTO: Business magnate George Soros arrives to speak at the Open Russia Club in London Thomson Reuters LONDON (Reuters) - George Soros, the billionaire who earned fame by betting against the British pound in 1992, contributed 400,000 pounds ($554,840) through his foundations to a campaign group which is seeking to halt Brexit, the group's chairman said on Wednesday. "George Soros's foundations have along with a number of other major donors also made significant contributions to our work," Read the full story s
Reuters
France and Germany intensified calls on Wednesday for U.S. technology giants to pay more tax in the European Union, with Paris saying the new bill could amount to billions of euros. Read the full story
Business Insider
FILE PHOTO: Business magnate George Soros arrives to speak at the Open Russia Club in London Thomson Reuters LONDON (Reuters) - George Soros, the billionaire who earned fame by betting against the British pound in 1992, contributed 400,000 pounds ($554,840) through his foundations to a campaign group which is seeking to halt Brexit, the group's chairman said on Wednesday. "George Soros's foundations have along with a number of other major donors also made significant contributions to our work," Read the full story s
Blessed and Highly Favored:
CBI Update:
The ISX is closed on Friday and Saturday
Kauaihn Chatter:
dddd
2-9-2018 Newshound Guru Adam Montana [...it's been over 10 years plus dealing with Iraq Dinar and still we are NO closer to when Iraq will RV their currency. With that said: 1. ...Iraq and CBI is making tons of money from auctions and loans from other countries and IMF. Why should they RV if they don't have to... 2. Are we wasting our time in this investment?...] I completely disagree. You say we are "NO closer"??!! I'm not sure what you are basing that on, but I completely disagree. 1. Yes. Regarding their business model with the auctions, they will continue to make money on them after a revaluation of the currency. I see no reason to be pessimistic about it. 2. I don't think we are wasting our time at all...
2-8-2018 Intel Guru ADMINBILL ...PERHAPS THE NEW YEAR WE THOUGHT WAS SUPPOSED TO BRING US JOY ON JANUARY 1ST THIS YEAR WAS NOT THE CORRECT NEW YEAR. CELEBRATING THE NEW YEAR IN CHINA BEGINNING ON THE 16TH OF JANUARY. ...IT BEGINS THE NEW YEAR IN CHINA AND IS CELEBRATED ACROSS THE COUNTRY WITH 4 OFFICIAL DAYS OFF AND MUCH CELEBRATION FOR ABOUT 3 WEEKS. ...NOTHING WILL HAPPEN IN IRAQ UNTIL THEY ARE AUTHORIZED TO RELEASE... IT IS NOT IRAQ ALONE.
2-8-2018 Newshound Guru Kaperoni Article: "...Kuwait conference will bring significant economic benefits to Iraq" Quotes: "Kuwait conference is a real starting point for the start of reviving Iraq 's economy and rebuild the country..."; "...the participation of 2300 global conference reconstruction of Iraq, adding that more than 70 countries conference reconstruction of Iraq in Kuwait..."; "...the conference to be held between 12 and 14 February..." ...it is this momentum that will raise the value of the dinar. Let's hope this conference is a success.
2-8-2018 Newshound Guru Kaperoni Article: "...Kuwait conference will bring significant economic benefits to Iraq" Quotes: "Kuwait conference is a real starting point for the start of reviving Iraq 's economy and rebuild the country..."; "...the participation of 2300 global conference reconstruction of Iraq, adding that more than 70 countries conference reconstruction of Iraq in Kuwait..."; "...the conference to be held between 12 and 14 February..." ...it is this momentum that will raise the value of the dinar. Let's hope this conference is a success.
2-8-2018 Newshound Guru Don961 Article: "Parliament calls on the Kuwait Conference to provide infrastructure projects instead of funds" Now there's a good idea ! ...Have the donors come in and do the projects...oversee their funds in action...and keep the cash out of the hands of those who may feel inclined to steal it or reroute it...Iraq needs help and 1000's are willing to help...but the 1000's want to see some actual tangible results for their money and efforts... perhaps a money-making business partnership...not another suddenly, mysteriously wealthy politician or official buying 3 homes and Lambos for all his kids...imo.
2-8-2018 Newshound Guru Adam Montana [While I believe that an RV will be simultaneous world wide is their a possibility that some restrictions may be put in place for Dinar outside the country? ...I believe they still need to take back dinar that corruption has stolen and moved out of country.] The possibility of an "in country" RV is certainly there, but IMO they would be stepping on a LOT of the wrong toes if they did that, and ultimately it would prove unsuccessful for them, so I don't see it as a serious threat. Iraq really needs the support of the global financial markets and political figures in order to have a successful RV. They have done a lot to garner that support and gain that confidence, and an in-country RV would immediately diminish their outside support... I just don't see it happening.
2-8-2018 Guest Guru BobTheTaxMan There are a lot of great changes that have gone on in the tax world…So this whole new concept that Trump Administration has fathered and brought forth has a lot of benefits to it. You just need to understand what it is. And because it’s different, a lot of people are afraid of it. Don’t be afraid of it…cause it really is a great opportunity. Tremendous opportunity especially if you keep viewing the dinar. Somewhere down the road it is going to come to fruition. It is going to happen. These new rules and regulations for the IRS are phenomenal.
2-8-2018 Newshound Guru Kaperoni Keep in mind, we all want this to start...but the reality is the CBI cannot float or for that matter do anything other than improve the banking environment at this time. Why? Because there is no upward pressure on the dinar. There is no investment in Iraq's private sector at this time. Until there is investment, or compliance with the IMF, the CBI's hands are sort of tied. Only after this conditions are met can the CBI consider moving to a float, ending the auctions, and have the dinar join the worlds currencies. [post 2 of 2]
2-8-2018 Newshound Guru Kaperoni Monetary policy is not a simple thing to explain. I do not think the CBI is ready to float at this time. Mainly because the IMF does not want them to. They want them to stay pegged until they meet compliance with the IMF and can move to Article VIII.That being said, I do think the CBI wants to float once they move to Article VIII. My belief is they will pick a new floating exchange rate regime that they can use to raise the value gradually to counter inflationary pressure created by the influx of investment flowing through the Capital Account of the CBI (hopefully that will capital will begin to come into Iraq soon). This is well documented in several IMF articles discussing the transition. [post 1 of 2....stay tuned]d
2-8-2018 Newshound Guru Adam Montana [While I believe that an RV will be simultaneous world wide is their a possibility that some restrictions may be put in place for Dinar outside the country? ...I believe they still need to take back dinar that corruption has stolen and moved out of country.] The possibility of an "in country" RV is certainly there, but IMO they would be stepping on a LOT of the wrong toes if they did that, and ultimately it would prove unsuccessful for them, so I don't see it as a serious threat. Iraq really needs the support of the global financial markets and political figures in order to have a successful RV. They have done a lot to garner that support and gain that confidence, and an in-country RV would immediately diminish their outside support... I just don't see it happening.
2-8-2018 Guest Guru BobTheTaxMan There are a lot of great changes that have gone on in the tax world…So this whole new concept that Trump Administration has fathered and brought forth has a lot of benefits to it. You just need to understand what it is. And because it’s different, a lot of people are afraid of it. Don’t be afraid of it…cause it really is a great opportunity. Tremendous opportunity especially if you keep viewing the dinar. Somewhere down the road it is going to come to fruition. It is going to happen. These new rules and regulations for the IRS are phenomenal.
2-8-2018 Newshound Guru Kaperoni Keep in mind, we all want this to start...but the reality is the CBI cannot float or for that matter do anything other than improve the banking environment at this time. Why? Because there is no upward pressure on the dinar. There is no investment in Iraq's private sector at this time. Until there is investment, or compliance with the IMF, the CBI's hands are sort of tied. Only after this conditions are met can the CBI consider moving to a float, ending the auctions, and have the dinar join the worlds currencies. [post 2 of 2]
2-8-2018 Newshound Guru Kaperoni Monetary policy is not a simple thing to explain. I do not think the CBI is ready to float at this time. Mainly because the IMF does not want them to. They want them to stay pegged until they meet compliance with the IMF and can move to Article VIII.That being said, I do think the CBI wants to float once they move to Article VIII. My belief is they will pick a new floating exchange rate regime that they can use to raise the value gradually to counter inflationary pressure created by the influx of investment flowing through the Capital Account of the CBI (hopefully that will capital will begin to come into Iraq soon). This is well documented in several IMF articles discussing the transition. [post 1 of 2....stay tuned]d
2-8-2018 Intel Guru RayRen98 From Monday...we shared about lower denominations being out in smaller numbers, with more being released in the coming days. We have not had an update on that yet, but think that they are only in some hands so far. We have also been told that prices have been adjusted slightly. The biggest changes there will happen when the change in value comes in...when they make the announcement. Budget due out tomorrow, Feb. 8th. We were getting confirmation that Kurdistan is getting 14%. CURRENT WINDOW: ...We were told the second and then the 15th. A few things needed to happen, but I think we are good. We are in the window.
2-8-2018 Newshound/Intel Guru Mnt Goat So we can see that having the budget passed is also needed. Folks nobody has a checklist of items. It all just happens this way. It all just plays out. It is all an ongoing “RV Saga”. It is NOT about having the new RV rate in the budget that is so important, as to why they need to pass it... This RV is not driving anything. But rather prior agreements are driving the process and holding it up. ...the RV is just the end game and the end product. So do they want to have all these items completed prior to the upcoming Donor Conference in Kuwait? I would think so but I can not prove it. It makes total sense to me, but then again they are so late in getting everything done... [post 3 of 3]
2-8-2018 Newshound/Intel Guru Mnt Goat So we can see that having the budget passed is also needed. Folks nobody has a checklist of items. It all just happens this way. It all just plays out. It is all an ongoing “RV Saga”. It is NOT about having the new RV rate in the budget that is so important, as to why they need to pass it... This RV is not driving anything. But rather prior agreements are driving the process and holding it up. ...the RV is just the end game and the end product. So do they want to have all these items completed prior to the upcoming Donor Conference in Kuwait? I would think so but I can not prove it. It makes total sense to me, but then again they are so late in getting everything done... [post 3 of 3]
d
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
***************
ARTICLE 1-A (from PM Abadi's website; posted on both the Arabic and English sides)
Prime Minister Dr. Haidar Al-Abadi receives a delegation from the American Institute of Peace February 8, 2018
8 February 2018
Prime Minister Dr. Haidar Al-Abadi received a delegation from the American Institute of Peace (USIP) headed by Nancy Lindborg, president of the Institute.
The delegation praised the victories achieved against the urging and liberation of Iraq from terrorism, as well as the government's plan to return large numbers of displaced people to their liberated areas, indicating that it was an important achievement that we did not expect to be carried out smoothly.
Dr. Haider al-Abadi stressed the importance of community reconciliation, which began work after each land is released, indicating that there are small elements trying to block this peace community and the government is working to address this matter, pointing out that these communities coexist in a sound manner, Citizens of the security services.
He added that our message to the blocs is that we fought together and urged together to work together for reconstruction, pointing out the importance of holding elections on time in order to preserve the sovereignty of the Constitution, which we have worked on where the date of the elections was set.
The delegation stressed that through studies and information on the situation in Iraq, it is clear that there is optimism by people and confidence in the Prime Minister and the security services and that people are now looking for economic reform and a comprehensive political system that is cross-sectarian.
Prime Minister 's Media Office
8 February 2018
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Al-Abbadi presides over the meeting of the Higher Committee for Investment and Reconstruction 8 February 2018
8 February 2018
Prime Minister Dr. Haider al-Abbadi on Thursday chaired the meeting of the Higher Committee for Investment and Reconstruction.
Where the Committee discussed the provision of the right environment for investment and that Iraq is an attractive environment for investments through new laws and procedures are currently underway, especially the recent issuance of the Council of Ministers in this regard.
A number of projects and investment opportunities before the committee were discussed, including the Al-Jaysh channel project, the rehabilitation project for the area around Baghdad International Airport, the urban center project for Baghdad City, the wedding island and the Jadriya lake.
The Committee approved a set of recommendations that will help in the implementation of these projects, including the formation of a small team linked to the Supreme Committee to follow up and facilitate procedures for investors and lift the obstacles facing them.
The preparations for the Iraq reconstruction conference to be held next week in Kuwait were also reviewed.
Prime Minister 's Media Office
8 February 2018
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ARTICLE 2
Tweets from Government of Iraq twitter account
Government of IraqVerified account @IraqiGovt 2-8-2018. around 12 noon Eastern
Iraq’s Reconstruction Fund for Areas Affected by Terrorism is dedicated to supporting the return of IDPs to their home by providing finance & expertise to restore essential services and rebuild damaged infrastructure #InvestIraq
Representatives
from the @IraqiGovt, the @EUAmbIraq
& EU Heads of Mission attend launch of new strategic partnership agreement
between Iraq & the EU focusing on preserving the unity of Iraq, protecting
its democratic institutions, and supporting reconstruction & economic
reform
- Iraq’s Reconstruction Fund for Areas Affected by Terrorism is overseeing the rebuilding of destroyed bridges, schools, government offices and health centres in Anbar province in western Iraq #InvestIraq
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ARTICLE 3
The Iraqi Anti-Corruption Academy organizes (15) activities with the participation of dozens of associates
BAGHDAD - February 8 - Iraq's Academy of Anti-Corruption announced on Tuesday that "431 employees of the ministries and institutions of the State have participated in a variety of training courses, workshops and seminars in the legal, media, educational, financial and administrative fields."
"It has established 11 training courses on the investigation of financial crimes, administrative inspection procedures, financial analysis of expenditures and preparation of final accounts, in addition to the role of investigative journalism in preventing corruption and the role of sources of information in controlling cases of corruption and other courses, Organized three workshops with the participation of (201) employees of government institutions, explaining that the workshops dealt with the implementation of the regulations of the work of developing governmental institutions and practical practices for emergency service, as well as a seminar in which it highlighted the impact of the economic committees of parties Corruption of public institutions. " AH
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ARTICLE 4
Deputy: delayed adoption of the budget because of the region and US pressure
2018/2/9 11:11
[Ayna-Baghdad]
Rep. Of the coalition of state law Firdous Awadi, that the discussions on the financial budget for 2018 took more than the size.
Al-Awadi said in a statement today, the agency received all of Iraq [where] a copy of it, "the method of consensus on the budget will satisfy the parties and political blocs do not satisfy the Iraqi people, as it is unreasonable to delay the passage of the budget so far to satisfy the Kurdistan Regional Government and under pressure An American is trying to grant this government more than the benefits of the rest of the provinces through the terms of the World Bank for loans, which were pledged by the wealth of Iraq.
She added that "the House of Representatives must work in accordance with the legal framework and to vote on the budget without wasting more time that began to go unjustifiably," noting that "the failure to pass the budget after two months of its fiscal year is a major failure in the work of the Council Deputies ".
"The political blocs should not succumb to outside pressures, especially the US, as the parliament's vote on the budget is a challenge to these pressures and a big blow to America, which usually carries suspicious agendas that damaged Iraq over 14 years." She said.
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ARTICLE 5
Trade begins with the processing of mills in wheat and attributed the delay to the budget
2018/2/9 11:07
[Ayna-Baghdad]
The Ministry of Commerce, that the mills in the provinces received their share of imported wheat as well as quantities of rice to meet the requirements of the ration card of these materials, "attributed delayed processing to" the failure to approve the financial budget for 2018 and increased allocations because of the financial crisis. "
"The southern ports received national vessels belonging to the shipping company loaded with more than 110 thousand tons of wheat and rice within the contracts conducted by the central contracting committee in the ministry has been preparing a marketing plan including the preparation Quantities according to the need of all provinces. "
The statement pointed out that "the province's mills received the special quantities in need of each province and began milling operations under the supervision of the supervisory staff for the purpose of processing food agents according to the geographical area has started processing in some areas, while other areas completed their work in the coming hours."
He explained that "the ministry has already contracted to buy wheat and rice in good quantities and was contracted for the first with the national carrier in the shipping company to transport these quantities of countries of origin to the southern ports in order to strengthen its role in the transfer of food vocabulary and increase its expertise to be present in the world market after it was equipped with good ships help The preservation and safety of contracted food. "
He pointed out that "the problems facing the contracting and procurement because of the failure to approve the financial budget for 2018 and this caused the lack of access to the share of the provinces in full and legalize their needs, which must be the focus of the attention of citizens and provincial councils that share our concern because of the lack of financial allocations in the general budget for the past year and Adoption of the new budget in the House of Representatives. "
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ARTICLE 6
Deputy law: Saudi Arabia does not decide Iraq's foreign relations
2018/2/9 12:42
[Where - Continue]
MP of the coalition of state law, Kamel al-Zaidi, said openness to foreign policy is good but not at the expense of Iraq.
Al-Zaidi said in a press statement that "Iraq decides its relations with the countries and not Saudi Arabia," noting that "Iran has honorable positions in standing with us against the war against the Daash."
"The donor conference in Kuwait is supposed to be a fulfillment of Iraq, which fought terrorism," Zaidi said, noting that "there are countries that do not like Iraq to rise."
"I have attached the government to the list of the delegation, which includes more than 130 people," he added.
Al-Zaidi noted that "some parliamentarians took advantage of the subject of the bachelor's nomination for the exclusion of deputies, as happened by some of the Kurds exploited the bachelor to exclude Talabani, but also at the same time that the Federal Court does not object in the event of parliamentary legislation preparatory certificate," likely "to vote on Sunday proposal 20 % Of the preparatory certificate for nomination.
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