",
Word on the Street Monday 2/26/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,167.9000 | 1,167.1000 | 1,167.1000 | | 07:09 |
| USD/VND | | | 22,698.0000 | 22,408.0000 | 22,443.0000 | | 07:09 |
| USD/CNY | | | 6.3377 | 6.2979 | 6.3364 | | 07:07 |
| USD/KWD | | | 0.2994 | 0.2985 | 0.2994 | | 07:08 |
| GBP/USD | | | 1.4068 | 1.3971 | 1.3975 | | 07:09 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,676.0000 | 13,642.0000 | 13,676.0000 | | 07:06 |
Nusseiri: the implementation of the strategy of the CBI contribute to the improvement of the exchange rate of dinar
Economy News _ Baghdad
The economic and banking adviser to the Association of Iraqi Private Banks Samir Nusairi, said that the central bank and the banking sector played a key role in overcoming the economic and financial crisis, and support the state treasury and methods and procedures and new tools in the applications of monetary policy.
Al-Nusairi said in an interview with "Economy News" that the Central Bank has worked mainly on combating money laundering and terrorism financing, strict adherence to international regulations, rules and standards, re-evaluation and classification of banks in light of their compliance with compliance regulations and determining the last beneficiary in the window of selling foreign currency and new currencies. In the proactive control internally and externally led to the high value and purchasing power of the Iraqi dinar against the US dollar exchange rate clearly during the past few days. This means that one of the main reasons for the recovery of the Iraqi dinar is the plan and procedures of the Central Bank And cooperation of the banking sector with him and abide by the instructions and standards issued by the Central Bank. "The Iraqi banking sector is the main link in the Iraqi economy and occupies a fundamental and important aspect as the finance and investment sector, which is the main part of the financing and management of economies." He pointed out that "the Iraqi economy, and because of the circumstances experienced during the past three years of the fall of oil prices by a sudden 70%, the costs of the war on terrorism and the economic recession and the unstable business environment in Iraq, led to the passage of this sector with great challenges did not pass any sectors of banking In the region, "pointing out that" this sector, both government and private under the leadership of the Central Bank of Iraq has faced these challenges pilot experience must be followed and taught because what has been achieved is a major development and victory we call in Iraq financial victory and economic steadfastness. " "We aim for the next five years in the sustainable development plan for the years 2018-2022 to achieve financial sustainability," he said, pointing out that "the government and private banking sector plays a key role in achieving this." As for the structure of the banking sector in Iraq, Nusairi explained, "This sector is formed by the Central Bank of Iraq and 72 banks, 7 of them are government and 65 banks are private, these banks the number of branches inside Iraq and outside Iraq by 1068 branches. He pointed out that "during the past 5 years from 2013 to 2017, we note that the capital of the Iraqi banking sector grew by 98%," noting that "the total assets of the banking sector grew by 15.7%, and deposits, which constitute the basis for liquidity of the banking sector grew by 154% While monetary credit grew, ie loans granted to customers and the Iraqi citizen by 77.5%. He pointed out that "the developments in the banking sector indicate the efficiency of the performance of this sector trends that are reflected on the gross domestic product," pointing out that "the various economic sectors, including the Iraqi banking sector, which is the first link in the economy indicator of measuring the efficiency of its performance is the extent of its contribution to gross domestic product "He said, adding that" despite this development in the sector, its contribution to gross domestic product is not the level of contributions of the regional countries that preceded us. " He added that "in view of the reports of the International Monetary Fund and the World Bank, which indicates that the contribution of cash credit to the gross domestic product in Iraq does not exceed 8%, compared to the Middle East and East Africa by 55%," adding that " He added that "the oil revenue constitutes 95% of the revenues allocated in the budget and therefore affected Iraq significantly during the decline in oil prices and completed," The policy of this central bank contributed to the payment of dues of farmers and contractors and played a key role in the launch of the initiative to finance small and medium enterprises, "The Central Bank has followed this bold and deliberate step in order to activate the economic cycle because this initiative achieves two objectives: the first is economic and the other is social," he said. He stressed that "the banking sector is part of the strategy of the Central Bank during the five years 2016-2020, which includes developments in the structural and evolutionary and in compliance with international standards in risk management, compliance and in combating money laundering and banking awareness," pointing out that " The Central Bank of Iraq standards for the classification of banks with the classification of a and b and c This is a connotation of international standards issued by the Financial Action Organization All this helped Iraq to move in the light of the arrangement of this organization from the gray area to the follow-up area and we hope to 2018 to move to another advanced stage in which credit rating improves For Iraq ". |
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Parliamentary Finance: We will conduct a final review of the amendments made to the budget
26-02-2018 01:09 PM
A member of the Finance Committee, Majida Tamimi, that the federal budget law is ready to vote in Tuesday's session.
Tamimi pointed out that her committee will conduct a final review of its amendments to the draft law.
The most important of these amendments, the abolition of the paragraph on the deduction of the proportion of salaries of employees and retirees and compensation of these amounts obtained from high oil prices. d
Iraq ... Oil exports exceed 108 million barrels with revenues approaching 7 billion dollars
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Iraq's oil ministry announced on Monday that it exported more than 108 million barrels of crude oil during the month of January, with revenues close to seven billion dollars.
Cairo - Sputnik . A statement issued by the ministry's spokesman, Assem Jihad, published on the ministry's website, the final statistical quotations from the Iraqi Oil Marketing Company ( SOMO ), that "the amount of exports of crude oil 108.190.068 barrels," explaining that "the average price per barrel Amounted to 62.596 dollars.
Revenue was $ 6,772,229,000, he said.
The statement added that "the statistics did not record any oil exports from the fields of Kirkuk."
The Iraqi Oil Ministry announced that "the oil marketing company (SOMO) issued about 100 million barrels of oil, with a monetary value approaching $ 7 billion, during the month of December last."
Iraq exports crude oil from southern ports in Basra after exports from the northern Kirkuk fields stopped in mid-October after Iraqi forces regained control of the fields from Kurdish forces.
Iraq is the second largest producer of oil in the Organization of Petroleum Exporting Countries, " OPEC " after Saudi Arabia, with a capacity of 4.8 million barrels per day.
Iraqi Parliamentary Vote Could Promote Stability
https://financialtribune.com/
Monday, February 26, 2018
An Iranian lawmaker said the upcoming parliamentary elections in Iraq could be a turning point toward more stability and prosperity for a nation still trying to get rid of the remnants of the self-styled Islamic State terrorist group.
Fatemeh Zolqadr told ICANA in a recent talk that "the parliamentary elections, if held in a transparent way and with the participation of all ethnic and political groups, could lead to stability and progress in Iraq."
Iraq's parliamentary elections were set for May 12 following a heated debate over efforts to delay them. This will be the first elections since the defeat of IS and reconstruction efforts are a key focus for the current government as more than one million people return to communities demolished after years of fighting.
The May vote will decide the prime minister who will lead the country for the next four years, a position reserved for the Shia majority.
Zolqadr underlined the significance of an inclusive election, saying that "the participation of all Iraqis from across the political spectrum could help reduce tensions and increase successes."
She also repeated Iran's support for Iraq, irrespective of who wins the race or what party ends up having the majority in the 328-seat assembly, formally known as the Council of Representatives of Iraq.
"The stability of Iraq is beneficial to all in the region and the Islamic Republic of Iran would back the decision of the Iraqi people," she added.
Incumbent Prime Minister Haider al-Abadi is seen by the analysts of having a better chance of winning another term in office, buoyed by a surge in popularity for successfully leading the war on IS militants.
Among other contenders for the top executive job are former prime minister Nuri al-Maliki and Hadi al-Amiri, a former transportation minister who bolstered his clout during the war on IS.
Monday, February 26, 2018
An Iranian lawmaker said the upcoming parliamentary elections in Iraq could be a turning point toward more stability and prosperity for a nation still trying to get rid of the remnants of the self-styled Islamic State terrorist group.
Fatemeh Zolqadr told ICANA in a recent talk that "the parliamentary elections, if held in a transparent way and with the participation of all ethnic and political groups, could lead to stability and progress in Iraq."
Iraq's parliamentary elections were set for May 12 following a heated debate over efforts to delay them. This will be the first elections since the defeat of IS and reconstruction efforts are a key focus for the current government as more than one million people return to communities demolished after years of fighting.
The May vote will decide the prime minister who will lead the country for the next four years, a position reserved for the Shia majority.
Zolqadr underlined the significance of an inclusive election, saying that "the participation of all Iraqis from across the political spectrum could help reduce tensions and increase successes."
She also repeated Iran's support for Iraq, irrespective of who wins the race or what party ends up having the majority in the 328-seat assembly, formally known as the Council of Representatives of Iraq.
"The stability of Iraq is beneficial to all in the region and the Islamic Republic of Iran would back the decision of the Iraqi people," she added.
Incumbent Prime Minister Haider al-Abadi is seen by the analysts of having a better chance of winning another term in office, buoyed by a surge in popularity for successfully leading the war on IS militants.
Among other contenders for the top executive job are former prime minister Nuri al-Maliki and Hadi al-Amiri, a former transportation minister who bolstered his clout during the war on IS.
Baghdad Can Use KRG Pipeline to Export Kirkuk Oil: KRG
ERBIL — The Kurdistan Regional Government (KRG) is ready to allow the Iraqi government export Kirkuk oil via the Kurdish pipeline on the international markets.
“The Iraqi government can export the produced oil through the Kurdistan-Turkey pipeline where the state-owned SOMO manages the sale which would eventually bring more revenue to the country,” KRG Spokesperson Safin Dizayee was quoted by Kurdistan 24.
The official said Baghdad is currently exporting between 40,000 to 50,000 barrels of oil from Kirkuk to neighbouring Iran while the remaining crude is dropped back into the wells.
He revealed that the issue was discussed in the ongoing meetings between Erbil and Baghdad delegations, but a deal is yet to be reached.
Concerning other prolonged disputes between the KRG and Iraqi government, Dizayi said that no practical step has yet been taken by Baghdad towards resolving the issues despite promises.
“The demands they made regarding the number of KRG employees have all been delivered to them, and the auditing has been completed but, so far, no practical steps have been taken by Baghdad,” he stated. “Although Baghdad has expressed its readiness to implement its promises many times, none of them have been implemented yet.”
Asked about the prospects of reopening Kurdistan’s airports, the spokesperson said that there was no decision on resuming the international flights to Erbil and Sulaymaniyah airports.
Deputy in the Parliament of Kurdistan reveals serious corruption
Editorial Date: 2018/2/26 10:30 • 343 times read
The deputy in the Parliament of Kurdistan, Ali Hama Saleh, the Commission of Integrity in the region to follow up and legal action against the Minister of Natural Resources in the government of the province Asti Hawrami, and the governor of Kirkuk article Najmuddin Karim and the Bank of Kurdistan.
"From the date of October 6, 2015 until September 12, 2017, $ 207 million has been entered into the bank account numbers 5003797 and 5003385," Hama Saleh said in a statement. "They are registered in the name of Kirkuk Governor Necmettin Karim, According to the governor himself, and of the total amount there is a remaining amount of 50 million and 974 thousand and 70 dollars has not been withdrawn.
He explained that "this amount is not paid by the Kurdistan Bank for the benefit of the province of Kirkuk at the present time, where the bank says that the amount belongs to the contractors and not the governor of Kirkuk," noting that "this amount belongs to the Kirkukis and not the wealth minister or the governor of Kirkuk or the bank the right to dispose of this amount "He said.
He pointed out that "the total amount spent amounted to 156 million and 25 thousand and 930 dollars, and according to the words of contractors in Kirkuk, the process of disbursement was not fair or fair."
Hama Saleh called on the Integrity Commission to follow up and initiate legal proceedings based on the information received and the documents it owns
He explained that "this amount is not paid by the Kurdistan Bank for the benefit of the province of Kirkuk at the present time, where the bank says that the amount belongs to the contractors and not the governor of Kirkuk," noting that "this amount belongs to the Kirkukis and not the wealth minister or the governor of Kirkuk or the bank the right to dispose of this amount "He said.
He pointed out that "the total amount spent amounted to 156 million and 25 thousand and 930 dollars, and according to the words of contractors in Kirkuk, the process of disbursement was not fair or fair."
Hama Saleh called on the Integrity Commission to follow up and initiate legal proceedings based on the information received and the documents it owns
Kauaihn Iraq Articles:dd
Mr. Ammar al-Hakim to the Saudi delegation: Iraq's upcoming elections are articulated and will move it to stability
Release date: 2018/2/26 9:15 • 213 times scheduled
(Baghdad: Al Furat News) The head of the National Alliance, Mr. Ammar al-Hakim, told the Saudi media delegation that is currently visiting Iraq that "the upcoming elections are pivotal and that democracy in Iraq is developing and mature."
A statement to the presidency of the coalition received the agency {Euphrates News} a copy of it, Mr. Ammar al-Hakim, "received in his office the Saudi media delegation in the presence of the Saudi ambassador in Baghdad Abdul Aziz al-Shammari, and the Iraqi Journalists Syndicate Muayad al-Lami, and a number of Iraqi media leaders."
Mr. Ammar al-Hakim, after listening to the delegation's interventions, said that "democracy in Iraq is developing and matured, and the proof is that everyone has no clear vision of the outcome of the upcoming electoral process. The Iraqi citizen has a high degree of understanding, awareness and political maturity."
He pointed out that "the upcoming elections are pivotal elections and will move Iraq to the stage of stability and state building."
On the concept of patriotism, Mr. Ammar al-Hakim stressed that "it means that Iraq and its interests first and does not mean the abolition of privacy but respects the privacy under the umbrella of Iraq." He stressed the importance of preserving our military, political and societal victories.
On the regional situation, the President of the Iraqi National Alliance, said that "Iraq is open to everyone and seeks to establish better relations with countries in the region and the world, especially neighboring countries will not be with some axis, but its interest in a balanced relationship with everyone."
On the establishment and launch of the national wisdom stream, the leader of the current movement, Mr. Ammar al-Hakim, stressed that "the current born out of the pitfalls of challenges and reading the demographic reality and the proportion of young people in it," noting that "it enabled young people and women in different joints, and that is characterized by moderation and moderation and nationald
Mr. Ammar al-Hakim, after listening to the delegation's interventions, said that "democracy in Iraq is developing and matured, and the proof is that everyone has no clear vision of the outcome of the upcoming electoral process. The Iraqi citizen has a high degree of understanding, awareness and political maturity."
He pointed out that "the upcoming elections are pivotal elections and will move Iraq to the stage of stability and state building."
On the concept of patriotism, Mr. Ammar al-Hakim stressed that "it means that Iraq and its interests first and does not mean the abolition of privacy but respects the privacy under the umbrella of Iraq." He stressed the importance of preserving our military, political and societal victories.
On the regional situation, the President of the Iraqi National Alliance, said that "Iraq is open to everyone and seeks to establish better relations with countries in the region and the world, especially neighboring countries will not be with some axis, but its interest in a balanced relationship with everyone."
On the establishment and launch of the national wisdom stream, the leader of the current movement, Mr. Ammar al-Hakim, stressed that "the current born out of the pitfalls of challenges and reading the demographic reality and the proportion of young people in it," noting that "it enabled young people and women in different joints, and that is characterized by moderation and moderation and nationald
Launching of the International Energy and Investment Exhibition and Conference
Date of release: 2018/2/26 12:16 • 78 times read
(Maysan: Al Furat News) Monday, in the province of Maysan, the conference and events of the International Exhibition of Maysan in its fifth session, for energy, reconstruction and investment.
The conference will continue from March 1 to March 1 and will be held under the slogan "Our Victory, Our Wealth" under the patronage of the Minister of Oil and the support of the local government of Maysan.
"The events of the exhibition, which is held on the land of the Missan Oil Company, is an important event and is becoming an annual event to attract investment companies by offering opportunities in the investment sector in different Terms of Reference ".
He pointed out that most of the exhibition will be attended by more than 60 foreign, Arab and local companies and will compete for investment projects. He added that Maysan Oil Company is working to encourage attracting foreign investors who will have a great impact in reviving the economy through setting up such international exhibitions.
"The events of the exhibition, which is held on the land of the Missan Oil Company, is an important event and is becoming an annual event to attract investment companies by offering opportunities in the investment sector in different Terms of Reference ".
He pointed out that most of the exhibition will be attended by more than 60 foreign, Arab and local companies and will compete for investment projects. He added that Maysan Oil Company is working to encourage attracting foreign investors who will have a great impact in reviving the economy through setting up such international exhibitions.
WASHINGTON: US forces will remain in Iraq and Syria indefinitely without the need for a new military mandate
Feb 26, 2018
There is no internal or international legitimacy for the US presence in the Middle East Washington - US forces in Iraq and Syria will remain indefinitely after US President Donald Trump announced that his administration did not need a new mandate to keep troops in the war, as the White House indicated there was no need to authorize military force to continue operations. In the Middle East.
The debate returned immediately after the White House announced that Sen. Tim Cain sent a letter to Secretary of State Rex Tillerson and Defense Secretary James Matisse requesting further clarification and information on the current efforts of the United States in Syria and Iraq, expressing concern that the United States may lack internal legal status or External to its war in the two countries and sent another message to respond to the response of the US administration to the observations of Congress and its comments on the justification of criticism.
The Trump administration has instructed Deputy Defense Secretary David Trachtenberg to respond by saying that the 2001 mandate to combat extremist terrorist groups such as al-Qaeda authorizes the United States to stay in Iraq and Syria for more than 20 years to address continuing militancy. "He said, adding that the premature withdrawal of US forces would lead to a renewal of the capabilities of terrorist groups after easing pressure on them and restoring control of the territory.
Trump's administration has made clear its position on the lack of necessity for a new mandate. Tillerson and Matisse last October testified before the Senate Foreign Relations Committee that the aftermath of the September 11 attacks provided the legal basis for US troops to remain in Iraq. Syria and Iraq.
He said that the 16-year-old conflict has a different kind of war, adding that the mandates for the use of military force for 2001 and 2002 remain a sound basis for the current US military operations against the threat, and Trump administration officials stressed that the original AMF mandate should not be revoked Without an alternative, a mandate not specified by a specific time or geographical area.
The implications are stark, according to many US analysts. There are currently more than 2,000 US troops in Syria and twice as many in Iraq. They were originally sent to the region more than a decade ago in 2001 but with the rise of the "war on terror" "To counter extremist groups, efforts to combat extremism and extremism have increasingly worked without new oversight or approval from Congress.
The efforts to change this reality have made little difference as the Senate voted 61 to 36 against an amendment that would abolish the original military mandate of US forces in Syria and Iraq, an amendment proposed by Senator Rand Paul, who said the United States was engaged in a long war under a mandate that was aimed at Only those who attacked us on September 11, but the war has lost its goals for a long time and without debate in Congress about whether we should go to war or not.
The Trump administration's response was not in the right place, where the White House's interpretation of the US could stay in Syria and Iraq indefinitely, triggering Senator Cayenne, who accused Trump of using the original mandate to justify entirely new and unlicensed measures.
The Trump administration goes further, claiming that the mandate allows the US military to beat forces loyal to the Assad regime in areas free of "da'ash" or to protect partners seeking to overthrow Assad, and accused Cain Trump of acting as king by starting a war New one - sided.
Despite Trump's insistence that US troops remain in the Middle East indefinitely, they do not do so with clear goals. Foreign policy experts have repeatedly criticized Trump's Middle East management policy. The number of civilian casualties has risen to alarming levels since Trump took office. Eligibility in Syria is the bloodiest period yet in the past few weeks. d
The debate returned immediately after the White House announced that Sen. Tim Cain sent a letter to Secretary of State Rex Tillerson and Defense Secretary James Matisse requesting further clarification and information on the current efforts of the United States in Syria and Iraq, expressing concern that the United States may lack internal legal status or External to its war in the two countries and sent another message to respond to the response of the US administration to the observations of Congress and its comments on the justification of criticism.
The Trump administration has instructed Deputy Defense Secretary David Trachtenberg to respond by saying that the 2001 mandate to combat extremist terrorist groups such as al-Qaeda authorizes the United States to stay in Iraq and Syria for more than 20 years to address continuing militancy. "He said, adding that the premature withdrawal of US forces would lead to a renewal of the capabilities of terrorist groups after easing pressure on them and restoring control of the territory.
Trump's administration has made clear its position on the lack of necessity for a new mandate. Tillerson and Matisse last October testified before the Senate Foreign Relations Committee that the aftermath of the September 11 attacks provided the legal basis for US troops to remain in Iraq. Syria and Iraq.
He said that the 16-year-old conflict has a different kind of war, adding that the mandates for the use of military force for 2001 and 2002 remain a sound basis for the current US military operations against the threat, and Trump administration officials stressed that the original AMF mandate should not be revoked Without an alternative, a mandate not specified by a specific time or geographical area.
The implications are stark, according to many US analysts. There are currently more than 2,000 US troops in Syria and twice as many in Iraq. They were originally sent to the region more than a decade ago in 2001 but with the rise of the "war on terror" "To counter extremist groups, efforts to combat extremism and extremism have increasingly worked without new oversight or approval from Congress.
The efforts to change this reality have made little difference as the Senate voted 61 to 36 against an amendment that would abolish the original military mandate of US forces in Syria and Iraq, an amendment proposed by Senator Rand Paul, who said the United States was engaged in a long war under a mandate that was aimed at Only those who attacked us on September 11, but the war has lost its goals for a long time and without debate in Congress about whether we should go to war or not.
The Trump administration's response was not in the right place, where the White House's interpretation of the US could stay in Syria and Iraq indefinitely, triggering Senator Cayenne, who accused Trump of using the original mandate to justify entirely new and unlicensed measures.
The Trump administration goes further, claiming that the mandate allows the US military to beat forces loyal to the Assad regime in areas free of "da'ash" or to protect partners seeking to overthrow Assad, and accused Cain Trump of acting as king by starting a war New one - sided.
Despite Trump's insistence that US troops remain in the Middle East indefinitely, they do not do so with clear goals. Foreign policy experts have repeatedly criticized Trump's Middle East management policy. The number of civilian casualties has risen to alarming levels since Trump took office. Eligibility in Syria is the bloodiest period yet in the past few weeks. d
Iran Exports to Iraq Exceed $5.5 Billion
https://financialtribune.com/
Monday, February 26, 2018
Iran exported $5.57 billion worth of non-oil goods to Iraq during the 11 months to Feb. 19, the secretary-general of Iran-Iraq Chamber of Commerce said.Hamid Hosseini also told Financial Tribune that food, fruits, vegetables and construction materials were major commodities exported to Iraq from Iran during the 11-month period.According to Chairman of Trade Promotion Organization of Iran Mojtaba Khosrotaj, Iran was the third biggest trading partner of Iraq in 2016.
With a 22% share in Iraq’s foreign trade, Turkey is Baghdad’s top trade partner followed by China with a 20% and Iran with a 16% share, IRNA reported.
Khosrotaj noted that food exports constituted 19% of Iran’s non-oil exports to Iraq in the past three years followed by agro products (15%), chemical products (15%), energy products (11%), construction materials (10%), machinery and vehicles (5%), home appliances (4%), textiles (3%) and other products (18%).On average, Iran exported $6-6.5 billion worth of commodities to the neighboring country per annum in the past three years, as Iraq’s export to Iran has been low and amounted to $50-60 million,” he said.
Monday, February 26, 2018
Iran exported $5.57 billion worth of non-oil goods to Iraq during the 11 months to Feb. 19, the secretary-general of Iran-Iraq Chamber of Commerce said.Hamid Hosseini also told Financial Tribune that food, fruits, vegetables and construction materials were major commodities exported to Iraq from Iran during the 11-month period.According to Chairman of Trade Promotion Organization of Iran Mojtaba Khosrotaj, Iran was the third biggest trading partner of Iraq in 2016.
With a 22% share in Iraq’s foreign trade, Turkey is Baghdad’s top trade partner followed by China with a 20% and Iran with a 16% share, IRNA reported.
Khosrotaj noted that food exports constituted 19% of Iran’s non-oil exports to Iraq in the past three years followed by agro products (15%), chemical products (15%), energy products (11%), construction materials (10%), machinery and vehicles (5%), home appliances (4%), textiles (3%) and other products (18%).On average, Iran exported $6-6.5 billion worth of commodities to the neighboring country per annum in the past three years, as Iraq’s export to Iran has been low and amounted to $50-60 million,” he said.
Iraqi parliamentary defense: America is not a commandment to Iraq to warn him to buy a Russian system
2018/02/26
BAGHDAD, Feb. 26 (UPI) - A member of Iraq's parliamentary security and defense committee, Majid al-Gharawi, condemned the US warning to Iraq if it buys a Russian defense system, accusing the Iraqi Foreign Ministry of its responsibility to respond to Washington's continued interference with Iraqi sovereigntyAl-Gharawi said in a television interview on Sunday evening, broadcast by Al-Furat satellite channel: 'Always official positions that have the role of government to respond to the excesses of any foreign country shown by the Ministry of Foreign Affairs of the country beyond it'.
"The United States is always trying to interfere with Iraqi sovereignty under the pretext of fighting terrorism and organizing an advocate," he said.
He stressed that 'America is not a commandment to Iraq to warn Iraq to buy a Russian defense system'.
He pointed out that 'Iraq must be open to all countries in the world in the process of arming and processing Iraqi'.
The United States has warned Iraq, last Thursday, and other countries of the consequences of deals to buy Russian weapons.
The spokesman for the US State Department, Heather Noiret in response to a question on the possibility of Baghdad's acquisition of systems 'S-400' Russian air defense, that the United States is talking with countries including Iraq, to explain the possible consequences of these countries to have defense deals with Russia, Do not know whether the deal was signed between Iraq and Russia on the systems 'S-400' or not.
He stressed that 'America is not a commandment to Iraq to warn Iraq to buy a Russian defense system'.
He pointed out that 'Iraq must be open to all countries in the world in the process of arming and processing Iraqi'.
The United States has warned Iraq, last Thursday, and other countries of the consequences of deals to buy Russian weapons.
The spokesman for the US State Department, Heather Noiret in response to a question on the possibility of Baghdad's acquisition of systems 'S-400' Russian air defense, that the United States is talking with countries including Iraq, to explain the possible consequences of these countries to have defense deals with Russia, Do not know whether the deal was signed between Iraq and Russia on the systems 'S-400' or not.
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Why Warren Buffett is such an influential leader, according to 40 years of data
As Berkshire Hathaway shares its 2017 annual shareholder letter today, a data scientist reveals Warren Buffett's leadership style based on past letters.
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Read more: https://www.cnbc.com/2018/02/
OIL/COMMODITIES/ENERGY
Why Energy Stocks Sank in Trump's First Year in Office
The Motley Fool
After rallying right after the election, energy stocks went in the opposite direction last year despite having a pro-energy President in the White House. Read the full story
Gold / Silver / Copper Prices - Weekly Outlook: Feb 26 - Mar 2
Investing.com
Crude Oil Prices - Weekly Outlook: Feb. 26 - March 2
Investing.com
Oil industry jumping into drone use
My San Antonio
Whether it’s siting a drilling pad, checking the right-of-way for a pipeline or inspecting for leaks, having an eye in the sky is invaluable to the energy industry. Read the full story
Investing.com
© Reuters. Gold price slide as dollar recovers Read the full story
Investing.com
© Reuters. Oil prices post second straight weekly gain Read the full story
My San Antonio
Whether it’s siting a drilling pad, checking the right-of-way for a pipeline or inspecting for leaks, having an eye in the sky is invaluable to the energy industry. Read the full story
BANKS/BANKING/CREDIT
Latest Mueller indictment spells trouble for bankers, too
Charges against Donald Trump's ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions.
Read more: https://www.cnbc.com/2018/02/
South China Morning Post
Morgan Stanley estimates that yields on new loans will rise by 60 basis points this year and next Read the full story
What happened after the US moved to chip-embedded payment cards?
Ars Technica
Toptal Provides On-Demand Blockchain Engineers as Market Interest Drives Heightened Demand | Crowdfund Insider
Crowdfund Insider
Toptal, a freelance software engineering platform that is based in the US but totally virtual, has launched an on-demand blockchain engineer network. The service helps corporates to tap into blockchain engineering talent – a service that is in heightened demand. Simultaneously Toptal has launched a... Read More The post Toptal Provides On-Demand Blockchain Engineers as Market Interest Drives Heightened Demand appeared first on Crowdfund Insider. Read the full story
Ars Technica
Card-Not-Present fraud is still a problem, however. Read the full story
Crowdfund Insider
Toptal, a freelance software engineering platform that is based in the US but totally virtual, has launched an on-demand blockchain engineer network. The service helps corporates to tap into blockchain engineering talent – a service that is in heightened demand. Simultaneously Toptal has launched a... Read More The post Toptal Provides On-Demand Blockchain Engineers as Market Interest Drives Heightened Demand appeared first on Crowdfund Insider. Read the full story
TREASURIES/BONDS/STOCKS
Economic Calendar - Top 5 Things to Watch This Week
Investing.com
Investing.com
© Reuters. Top 5 things to watch this week in financial markets Read the full story
There are 3 important reasons Wall Street’s simmering inflation worries are premature
Business Insider UK
Wall Street is worried about inflation as the passage of new tax cuts and a sharply higher budget deficit have raised fears of more aggressive interest rate hikes from the Federal Reserve. There are three reasons to believe the market is getting ahead of itself: signals from the Fed, the underlying inflation data, and a lack of wage growth. "The Fed is likely to err on the slow gradual approach," State Street's Michael Arone told Business Insider. Wall Street’s recent bout of volatility boils Read the full story
Why 3% is the scariest number for stocks
CNN Money
There are 3 important reasons Wall Street’s simmering inflation worries are prematureCNN Money
The market has come back from its sell-off earlier this month. But the bonds may cause another round of trouble. Read the full story
Business Insider UK
Wall Street is worried about inflation as the passage of new tax cuts and a sharply higher budget deficit have raised fears of more aggressive interest rate hikes from the Federal Reserve. There are three reasons to believe the market is getting ahead of itself: signals from the Fed, the underlying inflation data, and a lack of wage growth. "The Fed is likely to err on the slow gradual approach," State Street's Michael Arone told Business Insider. Wall Street’s recent bout of volatility boils Read the full story
INSURANCE/HEALTH
Cancer research breakthrough shows a better way to predict drugs that will work
A new study using lab-engineered microtumors allowed doctors to more accurately predict if a cancer drug treatment will work in a patient.
Read more: https://www.cnbc.com/2018/02/
Interesting Engineering
The recently patented “nanodrops” has been found to improve the vision in pigs. Clinical testing on humans will be carried out later this year. Read the full story
10 Natural Migraine Remedies to Try Before Painkillers
Brit + Co
Brit + Co
Opioids aren't always the answer. Read the full story
Chicago Sun-Times
Health officials were gathering information about the person's recent travels, including visits last month to a Springfield hotel and the Capitol. Read the full story
There's Finally Good News About This Flu Season
Romper
Romper
If you haven't gotten the flu yet this year, consider yourself lucky. It's been especially brutal, so you can't be blamed for wondering when flu season is over and we're all in the clear. The good news is that health officials think they might have a… Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin Regulation: 5 Facts the SEC Wants You to Know
International Business Times
This article originally appeared in the Motley Fool. Bitcoin has taken the investing universe by storm, making early adopters rich and capturing the imagination of millions of people worldwide. As the number of people interested in bitcoin and other cryptocurrencies has risen, the potential for abuse has gone up with it. That has gotten the interest of the U.S. Read the full story
The Motley Fool
Hint: None of them is bitcoin. Read the full story
Digital Trends
Want to save money on your next Amazon purchase? A company called Purse will help you earn some major savings provided you're willing to pay in Bitcoin. Read the full story
CURRENCIES
Happy 162nd: A Very Brief History Of U.S. Dollar Bill(s)
Inverse
On February 25, 1862, President Abraham Lincoln created the first "greenbacks" -- the predecessor to the modern American dollar bill. Read the full story
Investing.com
© Reuters. Dollar ends week higher on Fed rate hike view bets Read the full story
Philippines pesos to US dollar exchange at 11-year lows
Aljazeera
The Philippines central bank is selling its dollar reserves as a defensive measure to manage excessive volatility driven by speculation against the peso, which is hovering near an 11-year low, the bank’s governor said on Sunday. The chief of the Bangko Sentral ng Pilipinas (BSP) sought to allay concern that recent market reforms would put more pressure on an already weak currency and stoke inflation. "BSP sells foreign exchange from its reserves to manage excessive peso volatility," said BSP Read the full story
Aljazeera
The Philippines central bank is selling its dollar reserves as a defensive measure to manage excessive volatility driven by speculation against the peso, which is hovering near an 11-year low, the bank’s governor said on Sunday. The chief of the Bangko Sentral ng Pilipinas (BSP) sought to allay concern that recent market reforms would put more pressure on an already weak currency and stoke inflation. "BSP sells foreign exchange from its reserves to manage excessive peso volatility," said BSP Read the full story
USA/CANADA
Doing your own taxes? Pros say avoid these 4 blunders
USA TODAY
It’s easy to make mistakes when doing your taxes, but some seem to happen way too often. Read the full story
Minnesota farmers jittery about losing exports if trade dispute with China heats up
Minneapolis Star Tribune
Buffett says new accounting rule will ‘severely distort’ future earnings figures
MarketWatch
Warren Buffett, in his annual letter to shareholders, says new accounting rules will “severely distort” Berkshire Hathaway’s net income figures in the future. Read the full story
Minneapolis Star Tribune
Soybean growers, others have a lot at stake as trade rhetoric heats up and NAFTA negotiations founder. Read the full story
MarketWatch
Warren Buffett, in his annual letter to shareholders, says new accounting rules will “severely distort” Berkshire Hathaway’s net income figures in the future. Read the full story
Canadian Annual Inflation Rises 1.7% in JanuaryInvesting.com
© Reuters. Canadian inflation rose in January. Read the full story
EMERGING MARKETS
New NAFTA talks aim to clear pathway to toughest issues
Reuters
Mexico and Canada aim to finish reworking less contentious chapters of the NAFTA trade deal with the United States in new talks beginning on Sunday, hoping to clear the path for a breakthrough on the toughest issues before upcoming elections. Read the full story
Venezuelan President Asks Banks to Mine the National Cryptocurrency
FORTUNE
Akon Offered to Bring Power Back To Puerto Rico Post-Hurricane Maria, But Was Rejected
Newsweek
Data shows women's only growth as managers over 15 years is in emerging markets
Yahoo Finance
After testy call with Trump over border wall, Mexican president shelves plan to visit White House
The Washington Post
FORTUNE
Venezuela's President Nicolas Maduro (C) delivers a speach next to Vice-President Tarek El Aissami (L) next to Venezuela's Minister of Science, Technology and University Education Hugbel Roa (R) during a press conference to launch to the market a new oil-backed cryptocurrency called "Petro", at the Miraflores Presidential Palace in Caracas, on February 20. Venezuela formally launched its new oil-backed cryptocurrency on Tuesday in an unconventional bid to haul itself out of a deepening economic Read the full story
Newsweek
"We actually presented a program for Puerto Rico and we got rejected. We have the solution for Puerto Rico.... and we could've had power back in 30 days. And they rejected us." Read the full story
Yahoo Finance
The number of women fund managers remains "abysmal" and "pathetic" but there has been Read the full story
The Washington Post
A Feb. 20 call between the two ended in an impasse over Trump’s refusal to drop his demand that Mexico pay for the barrier. Read the full story
MIDDLE EAST
Dubai climbs to 14th on city innovation index
Gulf Business
Dubai saw improvement in its private sector and skills and talent scores The post Dubai climbs to 14th on city innovation index appeared first on Gulf Business. Read the full story
Iraq: An Election of Conflicting Interests
Gatestone Institute
U.N. Security Council approves 30-day humanitarian cease-fire in SyriaGatestone Institute
Almost 15 years after the war that ended Saddam Hussein's rule in Iraq, the circumstances that led to it and the way it was conducted remain controversial. However, even the most ardent opponents of the war admit that the end of dictatorship in Baghdad gave Iraq an opportunity to seek a different, hopefully better, future which might include democratization. While it is true that democracy cannot be imposed by force it is equally true that force could be used to remove barriers to democracy as Read the full story
Flight ticket prices in UAE plunge on oversupply
Mubasher
Mubasher
Dubai – Mubasher: The UAE-based carriers are eager to acquire the biggest possible share of passengers. To this end, they have launched offers include discounts on flight tickets. While flight prices are based mainly on demand, the oversupply of … Read the full story
ADX to launch derivatives market – CEO
Mubasher
Mubasher
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) plans to launch a derivatives market, as part of its expansion plans, CEO Rashed Al Balooshi announced on Sunday. Al Balooshi did not reveal a specific date for the creation of the … Read the full story
How tourism, trade and industry are driving Abu Dhabi’s diversification agenda
Gulf Business
Saudi oil minister hopes OPEC, allies can ease output curbs in 2019
Khalid al-Falih is seeking a permanent alliance among major producers.
Gulf Business
Captain Mohamed Al Shamisi explains why Abu Dhabi’s port operations are key to its diversification efforts The post How tourism, trade and industry are driving Abu Dhabi’s diversification agenda appeared first on Gulf Business. Read the full story
Khalid al-Falih is seeking a permanent alliance among major producers.
The Washington Post
Hundreds of people have been killed in Eastern Ghouta in the past week as government forces bombard rebel positions. Read the full story
Mubasher
Cairo - Mubasher: The Egyptian government is aiming at increasing investments inflows into the private sector to 52% of the country’s total investment this year, according to the minister of planning, monitoring and administrative reform, Hala … Read the full story
AFRICA
South African regulator probing Steinhoff auditors to continue investigation
Reuters
South Africa's Independent Regulatory Board for Auditors (IRBA) said on Sunday that following its initial review of Steinhoff's auditors Deloitte South Africa it would pursue further lines of investigation. Read the full story
Africa: Alarm as parts of endangered animals sold openly
Aljazeera
Aljazeera
Traditional medicine plays an important part in many African cultures, but in South Africa, some animal conservationists say endangered and threatened species - such as leopards - are being used to make it. Despite regulations on trade, dead animals used by healers are sold openly in local markets. Al Jazeera's Tania Page reports from Johannesburg. Read the full story
ASIA
Why China's proposal was long expected
BBC News US
China has proposed scrapping presidential limits. The BBC's Celia Hatton looks how it came about. Read the full story
North Korea calls new US economic sanctions 'act of war'
Aljazeera
Aljazeera
North Korea's government has heavily criticised new economic sanctions by the United States, calling them "act of war" on Sunday. "Like we have said repeatedly, we would consider any restrictions on us as an act of war, and we will not stop the US if it really has the nerves to confront us in a 'rough' manner," North Korea's foreign ministry said according to KCNA, the country's state-run news agency. "The two Koreas have cooperated together and the Olympics was held successfully," the statement Read the full story
China not happy with latest US sanctions for North Korea
New York Post
Trump-administration sanctions against Chinese shipping and energy firms doing business with North Korea are a step too far, China’s Foreign Ministry griped Saturday. “China resolutely opposes the US side enacting unilateral sanctions and long-armed jurisdiction in accordance with its domestic law against Chinese entities or individuals,” the ministry said. China, North Korea’s largest trading partner, has long-opposed any sanctions that do not come from the United Nations. The United States on Read the full story
New York Post
Trump-administration sanctions against Chinese shipping and energy firms doing business with North Korea are a step too far, China’s Foreign Ministry griped Saturday. “China resolutely opposes the US side enacting unilateral sanctions and long-armed jurisdiction in accordance with its domestic law against Chinese entities or individuals,” the ministry said. China, North Korea’s largest trading partner, has long-opposed any sanctions that do not come from the United Nations. The United States on Read the full story
EUROPE
United Cabinet can get a great deal for Britain - EXPRESS COMMENT
Express
FULL credit to Theresa May for securing agreement at Chequers between her Cabinet colleagues on the way ahead for Brexit. The Prime Minister has developed the skilful knack of defying her critics and delivering when it counts. The positive vision being offered by Mrs May now needs to be embraced by the EU negotiators to secure the best agreement for both sides. With the clock ticking, it is time for Brussels to get real and stop the posturing, all too clearly embodied by unelected Read the full story
As Brexit Tensions Rise, EU's Other Big Spat Edges Toward Truce
Bloomberg
Sky News
Bloomberg
Poland may be digging in over a Holocaust law that’s alarmed the U.S. and angered Israel, but a longer-running battle with its European Union allies might be about to reach some sort of truce. A power grab of the courts by the nationalist government in Warsaw sparked two threats by the EU in recent months against Poland: losing its voting rights in the bloc and missing out on generous European development funds. Both sides are now weighing the risks of further escalation, according to diplomats Read the full story
EU leaders draw up battle lines for post-Brexit budget
Many EU leaders have conceded that they are unlikely to resolve budget issues before Britain leaves next year.
Theresa May: The UK's 'best days lie ahead of us'Many EU leaders have conceded that they are unlikely to resolve budget issues before Britain leaves next year.
Read more: https://www.cnbc.com/2018/02/
Sky News
Britain's best days "really do lie ahead of us", Theresa May has said in comments ahead of a key speech about Brexit. Read the full story
EU at war: The member states REFUSING to pay Brussels more after Brexit
Express
Express
ONLY 14 EU member states have agreed to pay more into the union's vast budget as bloc officials attempt to recover the damage caused by the UK’s decision to leave. EU officials have been grappling with members to pay up in order to avoid financial ruin for the European project – with estimates of the financial loss to the budget varying from £12bn to £24.5bn. Read the full story
Brexit: Passing key changes to legislation in time now ‘impossible’ as Liberal Democrats threaten to force hundreds of votes
The Independent
The Government is facing the prospect of crucial Brexit legislation being held up by the House of Lords after the Liberal Democrats threatened to force hundreds of votes on far-reaching legal changes. Read the full story
The Independent
The Government is facing the prospect of crucial Brexit legislation being held up by the House of Lords after the Liberal Democrats threatened to force hundreds of votes on far-reaching legal changes. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Monday 2/26/18 did update on the indicative rates Sell Rate 1184
The currency auction is 1
There is one news and announcements for Monday 2/26/18
1.Salary Localization Project
Project of the reform of the mechanism of payment of salaries for employees of institutions and the government departments.February 26, 2018The project of reforming the payment mechanism for employees of the institutions and the government departments
This project aims to pay salaries to state employees through cards issued by banks operating in Iraq. The project aims to reduce the total cost of paying salaries and maintaining cash within the banking system. Employees benefit from obtaining a bank account that enables them to deal with all ATM machines and points of sale inside the country. As well as the benefit of all other banking services offered by banks such as access to loans and others, in addition to the use of cards from safety rather than keeping cash, and that the strategy of this bank in creating a competitive environment safe for banks to provide And that the employee has the right to choose the bank according to the best financial and banking services and the most suitable prices.
Banks contributing to the project of settling salaries:
(Bank of Iraq, Bank of Baghdad, Byblos Bank, Middle East Bank, Lebanese Credit Bank, Gulf Bank , The South Islamic Bank).
Project Documents
The decision of the General Secretariat of the Council of Ministers in their books numbered 10/1/1/29805, TR / 4/22631, SG / 10/1/5/27448 dated 2/11/2016 and 17 / 7/2017 and 23/8/2017 ... To download click hereThe form of the legal agreement that the ministries can adopt as a guiding model when contracting with the relevant authorities ... To download click hereThe payroll file format to be issued by the system of salaries ministries and institutions to be adopted in the transfer of funds through the payment system in a safe and efficient ... To download click here
Our books numbered 9/2/17977 and 23/296 and dated on 25/12/2016 and 5/3/2017 ... To download click here
For more information and to answer your inquiries, please call 07812010971 and email payment.dept@cb
Project of the reform of the mechanism of payment of salaries for employees of institutions and the government departments.February 26, 2018The project of reforming the payment mechanism for employees of the institutions and the government departments
This project aims to pay salaries to state employees through cards issued by banks operating in Iraq. The project aims to reduce the total cost of paying salaries and maintaining cash within the banking system. Employees benefit from obtaining a bank account that enables them to deal with all ATM machines and points of sale inside the country. As well as the benefit of all other banking services offered by banks such as access to loans and others, in addition to the use of cards from safety rather than keeping cash, and that the strategy of this bank in creating a competitive environment safe for banks to provide And that the employee has the right to choose the bank according to the best financial and banking services and the most suitable prices.
Banks contributing to the project of settling salaries:
(Bank of Iraq, Bank of Baghdad, Byblos Bank, Middle East Bank, Lebanese Credit Bank, Gulf Bank , The South Islamic Bank).
Project Documents
The decision of the General Secretariat of the Council of Ministers in their books numbered 10/1/1/29805, TR / 4/22631, SG / 10/1/5/27448 dated 2/11/2016 and 17 / 7/2017 and 23/8/2017 ... To download click hereThe form of the legal agreement that the ministries can adopt as a guiding model when contracting with the relevant authorities ... To download click hereThe payroll file format to be issued by the system of salaries ministries and institutions to be adopted in the transfer of funds through the payment system in a safe and efficient ... To download click here
Our books numbered 9/2/17977 and 23/296 and dated on 25/12/2016 and 5/3/2017 ... To download click here
For more information and to answer your inquiries, please call 07812010971 and email payment.dept@cb
ISX Update:
Value Traded
1,742,161,750
Shares Traded
1,587,798,704
ISX ended in Green
Kauaihn Chatter:
d
2-26-2018 Newshound Guru mike Article: "Kurdistan Alliance confirms the continuation of the boycott budget" Why are they stalling? They want 17%, if Iraq's political leadership would just take a peek at the Iraqi Constitution, it clearly states the Kurd's are to receive 17% of Iraq's budget, outside of sovereign responsibilities...They don't need to re-invent the wheel, just follow the legal and constitutional requirements of Iraq's existing laws and pay the Kurd's their 17%... after a while, they're going to say enough is enough and make another mess that takes three years and billions of dollars to correct.
2-25-2018 Newshound Guru mike Article: "The exchange rate of the dollar and gold in Iraq on Sunday" [I still have no idea what the rate is today... Is it 1247 or 1251 or 1252 or what?] Each individual exchange has their own market/street rate: Kifah Stock Exchange-1247; Basra Stock Exchange-1248; Arbil Stock Exchange-1252. I'm with Kap [Reference Guru Kaperoni post 2-25-2018], that's why I didn't get excited when it dropped for a couple days, the markets are cyclical. Supply and demand are the main control points for the value of a currency, as long as the government is stable, secure and free from corruptive manipulation. There's no reason I can think of that would create demand for a currency that's not internationally accepted as a form of payment for goods and services. There was an article out four or five days ago that spoke to why the street rate dropped and it was related to the politicians and their movement of funds outside the country in the event they were unable to win re-election...IMO.
2-25-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar and gold in Iraq on Sunday" [So...what happened to the 1217 rate which last week was 1213 to the dollar.This is showing rate a lot higher what we saw before or is the rate 1217 on another market this is confusing.] Relax, lets wait a day or so and get some more information.
2-25-2018 Newshound Guru Stryker Article: "Urgent parliamentary financial unveils new economic disappointment in Iraq!" This one is important because Parliamentary Finance Committee, Masood Haider is saying Iraq will become 1000 times better than where it is today after cooperating with the International Monetary Fund and the World Bank on economic reforms...
2-25-2018 Intel Guru Dr. Clarke ...THEN LOOK AT...THE FOREIGN RESERVES..."CURRENTLY AT $50 BILLION" THEY SAID...IT'S ON A COME BACK...THAT IS WHAT MATTERS...WITH REGARD TO DEBT THEY ARE FOLLOWING PRESCRIBED GUIDELINES...THEY LISTEN TO THE IMF, THE WB...THE WBG...SO MUCH IS BEING DONE...SO MUCH GOT DONE AT THE KW CONFERENCE...NOT JUST WHAT WE VISIBLY WERE SHOWN BY THE MEDIA ...THE DEALS MADE WILL COME OUT OVER TIME...AND IMO THEY WILL BE SURPRISINGLY GOOD FOR THE IRAQI PEOPLE...AND FOR THE WORLD...ALL IMO...GOOD CHANGE MAY TAKE A BIT TO REVEAL ITSELF....BUT CHANGE IS HAPPENING...WATCH THE HORIZON...IT IS AGLOW WITH BRIGHTNESS... [post 3 of 3]
2-25-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar and gold in Iraq on Sunday" [So...what happened to the 1217 rate which last week was 1213 to the dollar.This is showing rate a lot higher what we saw before or is the rate 1217 on another market this is confusing.] Relax, lets wait a day or so and get some more information.
2-25-2018 Newshound Guru Stryker Article: "Urgent parliamentary financial unveils new economic disappointment in Iraq!" This one is important because Parliamentary Finance Committee, Masood Haider is saying Iraq will become 1000 times better than where it is today after cooperating with the International Monetary Fund and the World Bank on economic reforms...
2-25-2018 Intel Guru Dr. Clarke ...THEN LOOK AT...THE FOREIGN RESERVES..."CURRENTLY AT $50 BILLION" THEY SAID...IT'S ON A COME BACK...THAT IS WHAT MATTERS...WITH REGARD TO DEBT THEY ARE FOLLOWING PRESCRIBED GUIDELINES...THEY LISTEN TO THE IMF, THE WB...THE WBG...SO MUCH IS BEING DONE...SO MUCH GOT DONE AT THE KW CONFERENCE...NOT JUST WHAT WE VISIBLY WERE SHOWN BY THE MEDIA ...THE DEALS MADE WILL COME OUT OVER TIME...AND IMO THEY WILL BE SURPRISINGLY GOOD FOR THE IRAQI PEOPLE...AND FOR THE WORLD...ALL IMO...GOOD CHANGE MAY TAKE A BIT TO REVEAL ITSELF....BUT CHANGE IS HAPPENING...WATCH THE HORIZON...IT IS AGLOW WITH BRIGHTNESS... [post 3 of 3]
2-25-2018 Intel Guru Dr. Clarke ...ALL BETS ARE HEDGED ON IRAQ STOPPING CORRUPTION...OR AT LEAST SLOWING IT DOWN...IMO. SURE THE GOI WANTS THE WORLD TO SEE THEM AS SHOCKED THEY ONLY GOT $30 BILLION. ...BUT THEY KNOW...IF THEY CAN KEEP THE HANDS OF THE CORRUPT OUT OF THE COFFERS THEY CAN MAKE THINGS WORK FOR IRAQ AS THEY SHOULD. REMEMBER "SHOW ME THE BEEF"...WELL IMO A NUMBER OF INVESTORS AND BIG MONEY PEOPLE ARE WAITING ON JUST THAT...IRAQ SHOW ME THAT YOU CAN USE MONEY WISELY AND IF YOU DO SO THERE WILL BE MORE WHERE THE $30 B CAME FROM...BUT "PROVE" TO US YOU CAN MANAGE THIS AMOUNT FIRST...PROVE TO US ABADI YOU HAVE YOUR HAND ON CORRUPTION...AND NOT IN THE TILL...AND MY OPINION...HE'S THE MAN WHO CAN MAKE THIS HAPPEN...REALLY BIG MONEY PEOPLE ARE WATCHING AND PARTICIPATING...THEY NO WANT TO GO HOME UNHAPPY. [post 2 of 3....stay tuned]
2-25-2018 Intel Guru Dr. Clarke Article: "It’s Not the Donations, Stupid”: Key Points from Kuwait Conference" YES IT'S AN OPINION PIECE...BUT...IT IS AN OPINION THAT IMO HITS THE NAIL ON THE HEAD IN A NUMBER OF WAYS...WE SHOULDN'T BE DISILLUSIONED THAT IRAQ ONLY GOT $30 BILLION IN COMMITMENTS...SURE THEY WANTED $88 BILLION...I'M SURE THEY EXPANDED ON THEIR "WANTS AND NEEDS" LIST TO GET TO THAT NUMBER...SURELY THEY COULD "GET BY" WITH LESS. ...THEN TO POINT OUT THAT IRAQ CAN THEMSELVES FUND MUCH OF WHAT IS NEEDED THROUGH THEIR SALES OF OIL...ESPECIALLY IN THE SHORT TERM...THEIR BUDGET HAS OIL AT $45 OR SO...AND IT'S TRADING UPWARDS OF $70 AND IS PREDICTED TO GO HIGHER FOR 2018, DO THE MATH....MONEY HAND OVER FIST IMO. [post 1 of 3....stay tuned]
2-25-2018 Newshound Guru chattels It is encouraging to watch the improvement in the market rate of the dinar in Iraq. Arguably a singular transparent progress available to us.
2-25-2018 Intel Guru Dr. Clarke Article: "It’s Not the Donations, Stupid”: Key Points from Kuwait Conference" YES IT'S AN OPINION PIECE...BUT...IT IS AN OPINION THAT IMO HITS THE NAIL ON THE HEAD IN A NUMBER OF WAYS...WE SHOULDN'T BE DISILLUSIONED THAT IRAQ ONLY GOT $30 BILLION IN COMMITMENTS...SURE THEY WANTED $88 BILLION...I'M SURE THEY EXPANDED ON THEIR "WANTS AND NEEDS" LIST TO GET TO THAT NUMBER...SURELY THEY COULD "GET BY" WITH LESS. ...THEN TO POINT OUT THAT IRAQ CAN THEMSELVES FUND MUCH OF WHAT IS NEEDED THROUGH THEIR SALES OF OIL...ESPECIALLY IN THE SHORT TERM...THEIR BUDGET HAS OIL AT $45 OR SO...AND IT'S TRADING UPWARDS OF $70 AND IS PREDICTED TO GO HIGHER FOR 2018, DO THE MATH....MONEY HAND OVER FIST IMO. [post 1 of 3....stay tuned]
2-25-2018 Newshound Guru chattels It is encouraging to watch the improvement in the market rate of the dinar in Iraq. Arguably a singular transparent progress available to us.
2-25-2018 Intel/Newshound Guru sandyf My opinion...article 8 is an absolute must...and they aint there yet...then when they are eligible...IMF can take up to 60 days for a yea or nay vote... so we got a while ...Art 8 is a major bullet point. But it should be remembered the onus is on Iraq, it is up to them to accept the obligations of Art 8, they could remove the IMF issues at any point with the stroke of a pen. It is not about the parallel market rate, it is about the settlement of international invoices at a rate that deviates from the official rate. Vietnam had exactly the same problem and they made it illegal for companies not to settle the transaction at the official rate. If companies made loss/profit on buying the dollars they must show it separately in the accounts. Personally I think that Iraq is holding on to Art 14 for a reason, hopefully as part of some other agenda.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1
Prime Minister Dr. Haider Abadi receives the Saudi media delegation
25 February 2018
Prime Minister Dr. Haider Al-Abbadi received on Sunday the Saudi media delegation, in the presence of the Ambassador of Saudi Arabia in Baghdad Mr. Abdul Aziz Al-Shammari and the Iraqi Journalists Syndicate Mr. Muayad Al-Lami and a number of members of the Council of the Bar.
His Excellency welcomed the media delegation and briefed him closely on the normal life of Baghdad, calling for focusing on the culture of coexistence and partnership between our countries and peoples and the need to cooperate to end the crises and achieve security, stability and economic growth in the region.
Dr. Haidar al-Abadi stressed that the relations between Iraq and Saudi Arabia are on the right track and we look forward to expanding them in all fields to serve the interests of our two brotherly peoples and cooperation through the coordinating council which is the basis for the growth of economic relations, trade exchange and expertise.
He added: "We have succeeded in destroying the political sectarianism and our people today is open and rejects sectarianism and sectarian politics has remained silent, and we are determined to achieve justice among our people after the achievement of victory was achieved by the unity of Iraqis and their sacrifices in the face of a terrorist gang.
The members of the Saudi media delegation expressed their satisfaction with the development of the situation in Iraq after a crushing defeat and a sense of stability and coexistence among the Iraqi people.
Head Office
Ministers
25 February 2018
*************
ARTICLE 2
Tweets from Government of Iraq twitter account
- The @IraqiGovt is working with partners in the @coalition to provide training to Iraq's security forces in counter-IED techniques. The removal of explosive hazards is essential for the safe return of IDPs to their home
Government of IraqVerified account @IraqiGovt 2-25-2018 around 6:45 am Eastern
PM @HaiderAlAbadi: Iraq today is a country reborn: strong, united and enjoys the confidence of the international community
*************
ARTICLE 3
Government: The size of the Kuwait Conference was predictable and satisfied
2018/2/25 9:18
[Ayna-Baghdad]
The money collected at the International Conference on Iraq Reconstruction held in Kuwait this month, amounting to $ 29.6 billion, was "expected for us," a senior government official said.
The Secretary-General of the Secretariat General of the Council of Ministers, Mahdi Alalak, during a hosted dialogue symposium Secretary-General of the Council of Ministers set up by the Institute for Progress in Development Policy, in Baghdad, "Iraq's satisfaction with the Kuwait International Conference."
"The number given to Iraq during the Kuwait International Conference was expected for us," al-Aalak said.
He pointed out that "the standing of States with Iraq is a commitment to the country's sacrifices to eliminate the stingy, and thwart the terrorist schemes that posed a threat to the world."
Al-Aalak reviewed the process of preparing documents for the conference, which was prepared according to international standards. He explained that "the national team preparing for the conference has assigned a group of its members to communicate with donor countries and final agreements on the funds announced by these countries. Who expressed their desire to obtain investment opportunities in Iraq next month, with a view to final agreements with them on investment projects announced.
The Secretary-General of the Council of Ministers, "the continuation of the process of supporting stability in the liberated areas, and near the convening of a community reconciliation conference in the Nineveh Plain," declaring that "the human dimension and community will be one of the features of the future in Iraq."
Kuwait hosted the International Conference for the Reconstruction of Iraq on February 12-14, in the presence of Prime Minister Haider Abadi and hundreds of Arab and foreign companies, as well as businessmen and finance, and announced at the end of the conference to raise 29.6 billion dollars, such as loans, grants and financial facilities to Iraq .
During the conference, the government announced its need for $ 88 billion for reconstruction.
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ARTICLE 4
Provide more than three billion dinars of salary cuts for the absence of deputies without an excuse
BAGHDAD - February 26 - The parliament's decision on Monday revealed that "the House of Representatives adopted in the absence of the deputy fined and cut from the salary of the deputy 500 thousand dinars for each day absence without excuse, which saved large amounts estimated at three billion dinars" .
He continued the decision of the parliament, MP Maamar Niazi Oglu, "The Presidency has already warned the political blocs in the absence of its members did not see any response to the presence of the absentees, and the Presidency has been unable since the beginning of the session to control the absences," calling for, "There is an amendment Of the rules of procedure of the House of Representatives and the adoption of a law for parliament to work as the House of Representatives as an independent institution and the parliamentary committee, which was formed to amend the rules of procedure of the House of Representatives for more than a year did not work, as the Committee of constitutional amendments.
"The presidency has taken action against the absentees through the warning and publication in the media, but this live for the purpose, and presumably to dismiss a number of them, although the Presidency has carried out its decision to fine the absentee MPs, and the parliament has saved more three billion dinars for the absence of deputies throughout his parliamentary term. Ending
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ARTICLE 5
Jaafari arrives in Moscow for joint Iraqi-Russian commission
2018/2/26 10:21
[Ayna-Baghdad]
Iraqi Foreign Minister Ibrahim al-Jaafari arrived in the Russian capital Moscow to head the Iraqi delegation at the seventh session of the joint Iraqi-Russian committee to promote bilateral relations between Baghdad and Moscow and open new horizons for joint cooperation.
It is hoped that the Committee will hold several meetings between representatives of the Ministries of the two countries; and conclude its work by signing a joint record and a number of agreements.
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ARTICLE 6
Judiciary: Execution of 16 Turkish terrorists
2018/2/25 17:14
[Ayna-Baghdad]
The Central Criminal Court sentenced 16 Turkish women and the logistical support gang to terrorist gangs to death.
"The Central Criminal Court has examined the cases of 16 Turkish women who have been identified as terrorist gangs," Judge Abdul Sattar Birqdar, spokesman for the Supreme Judicial Council, said in a statement.
"The defendants confessed in the role of the investigation that they belong to a preacher, and offered to marry his elements and provide logistical support for them."
"The court, after reviewing the evidence, issued death sentences against women convicted in accordance with the provisions of article IV / 1 of the anti-terrorism law," he said, pointing out that "the preliminary judgment can be challenged in the Federal Court of Cassation."
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ARTICLE 7
National Alliance: The use of religious symbols and sanctities in the election propaganda reflect the failure of owners
BAGHDAD, Feb 26 (KUNA) - The Iraqi National Coalition (NPA) said that "the Iraqi people have become a victim of the failure of the political class that ruled Iraq, and therefore the use of religious symbols and sanctities by some people reflects the state of despair, failure and disappointment."
"The use of the symbols of the House of Prophet Muhammad, peace be upon him in the election propaganda of a number of Shiite political blocs will not work and will not affect the street, which began to distinguish between the bad and the good," He said, "The deputies The losers began using illegal methods to obtain the votes of citizens by paying money to the poor class in the Badia and countryside, which reflect the state of absence of conscience reached by some politicians. AH
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ARTICLE 8
Warnings of wearing new clothes before washing them
BAGHDAD, Feb 25 (Reuters) - Many of us do not think of washing the new clothes he just bought, but they are new, but a dermatologist has revealed the dangers of wearing new clothes without washing them.
The wearing of new clothes without washing them can lead to skin irritation, scabies, lice, or fungal infections, the Independent newspaper reported.
"The clothes we buy from the store are subject to a lot of pollution as a result of wearing them and trying them out by someone else who might have wanted to buy them earlier and could have scabies or lice," Belsito said.
Dermatologist Lindsay Bordon of the Columbia University Medical Center says washing new clothes before wearing them is critical.
A store can host a variety of chemicals, which can be transmitted to your skin and damaged.
The chemicals include a formaldehyde compound, commonly used in clothing to prevent mold, and keep the clothing wrinkle-free. These substances can cause severe reactions, such as skin eczema.
The dyes in clothing can also cause allergies. However, most of these problems can be easily avoided, by washing clothes before wearing them. Finished (1)
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