Word on the Street Thursday 2/8/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,175.1000 | 1,167.0000 | 1,175.1000 | | 07:11 |
| USD/VND | | | 22,670.1000 | 22,516.0000 | 22,516.0000 | | 07:11 |
| USD/CNY | | | 6.3435 | 6.2672 | 6.2686 | | 06:50 |
| USD/KWD | | | 0.2999 | 0.2991 | 0.2994 | | 07:12 |
| GBP/USD | | | 1.4006 | 1.3848 | 1.3884 | | 07:16 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,643.0000 | 13,570.0000 | 13,570.0000 | | 07:16 |
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DC NY Iraq Articles:dd
Oil signed a contract to build Kirkuk refinery
The Ministry of Oil announced the signing of a contract for the construction of Kirkuk refinery with a capacity of 70 thousand barrels per day with the company Rania International.
"The construction of Kirkuk refinery represents the first step to invest in the liquidation sector to reach a productive capacity of oil derivatives covering the local need in the province and neighboring provinces," Oil Minister Hussein al-Allaibi said in a statement on Thursday.
Al-Allaibi said that "this project comes within the plans and programs of the ministry to cover the local need of oil derivatives in the country and work on the export of surplus through investment refineries projects."
He pointed out that "the signing of the contract comes in conjunction with the efforts of the ministry to upgrade the oil industry in the province of Kirkuk and the implementation of a number of development projects and rehabilitation of oil fields and facilities and infrastructure and the extension of oil pipeline networks."
High turnout in the receipt of voter cards in Kirkuk
08/2/2018 12:00 am
To adopt a mechanism to facilitate the registration of IDPs and returnees in Somalia
The director of the office, Qais Mohammad Khorshid, said in a statement to Al-Sabah: "The centers opened by the office numbered 43, 25 of them in the areas of the governorate center and 18 in its districts and areas, including the liberated areas such as Hawija, Riyadh district, Zab district, Abbasi, Bridge and spend the day and the Daqouk district witnessed a large number of visitors to receive the electronic voter card and update the data for biometric registration.
He pointed out that the rate of visitors to the centers up to 7 thousand references a day after the distribution of voter cards about a month ago and the distribution rate until the first week of February 22 percent, indicating that the number of cards arriving in Kirkuk, 522 thousand and 933 cards.
He added that the staff of the office is working very hard to distribute voter cards and facilitate this process in order to reach the highest ratios in this process during the coming period. Khurshid pointed out to the achievement of 57 percent of the registration process in the entire province, including districts, districts and liberated areas in south-west of Kirkuk, pointing to the adoption of a mechanism to facilitate the registration of displaced and displaced and update their data as well as returnees to their areas of origin.
Kirkuk / Nahdet Ali
The Office of the Electoral Commission in Kirkuk, there is increasing turnout to receive the electronic voter card, while announced access to 57% of the process of registration Biometric across the province.The director of the office, Qais Mohammad Khorshid, said in a statement to Al-Sabah: "The centers opened by the office numbered 43, 25 of them in the areas of the governorate center and 18 in its districts and areas, including the liberated areas such as Hawija, Riyadh district, Zab district, Abbasi, Bridge and spend the day and the Daqouk district witnessed a large number of visitors to receive the electronic voter card and update the data for biometric registration.
He pointed out that the rate of visitors to the centers up to 7 thousand references a day after the distribution of voter cards about a month ago and the distribution rate until the first week of February 22 percent, indicating that the number of cards arriving in Kirkuk, 522 thousand and 933 cards.
He added that the staff of the office is working very hard to distribute voter cards and facilitate this process in order to reach the highest ratios in this process during the coming period. Khurshid pointed out to the achievement of 57 percent of the registration process in the entire province, including districts, districts and liberated areas in south-west of Kirkuk, pointing to the adoption of a mechanism to facilitate the registration of displaced and displaced and update their data as well as returnees to their areas of origin.
Preparing lists of investment projects in Najaf and Salaheddin
08/2/2018 12:00 am
To be presented at the reconstruction conference in Kuwait
Najaf Governor Louay al-Yasiri said in a statement to Al-Sabah that the province will launch investment projects at the donor conference to be held in Kuwait, where it is hoped to allocate a grant to the province due to its displaced since 2014.
He explained that the province intends to benefit from this grant in the World Trade Road project linking Najaf in Saudi Arabia through the western desert of the province, which will be a vital route for trade with European countries and thus will return economic benefits to the province and the country in general, Along the way to run thousands of unemployed.
Najaf province has received more than 14,000 displaced families from Mosul and the rest of the cities. The province has provided shelter and assistance to them in cooperation with the Ministry of Displacement and Migration, the Holy Alawite and some UN organizations.
In the same regard, the First Deputy Governor of Salah al-Din Ismail Khudair al-Halloub said in a statement to "Sabah" that the local administration of the province held a meeting with the Investment Authority of the province and the directors of planning, engineering and electricity and assistant to the governor for energy to see what the departments of the offers and plans for suspended projects and investment opportunities for study And the adoption of observations in this regard and inclusion within the overall outline in preparation for participation in the donor conference scheduled to be held in Kuwait in the next few days.
He added that the meeting is complementary to a series of meetings held by the province during the past weeks to assess the damage in the liberated areas caused by "da'ash" terrorist during the past period, as well as the presentation of plans and projects stalled and investment.
He called on the state departments to provide all their offers to attract investors as well as to obtain support from donors in various sectors including energy, housing, agriculture and religious tourism.
He pointed out that there are other meetings will be held in the presence of all the departments of the State for the purpose of submitting final bids for each of them for study and the installation of observations and inclusion within the overall presentation to be provided by the province to donors and investors at the Kuwait Conference.
Salah al-Din / Samir Adel Najaf / Hussein al-Kaabi
The provinces of Salah al-Din and Najaf lists of investment projects hoped to be presented at the reconstruction conference scheduled to be held in Kuwait soon in order to attract large companies to implement them.Najaf Governor Louay al-Yasiri said in a statement to Al-Sabah that the province will launch investment projects at the donor conference to be held in Kuwait, where it is hoped to allocate a grant to the province due to its displaced since 2014.
He explained that the province intends to benefit from this grant in the World Trade Road project linking Najaf in Saudi Arabia through the western desert of the province, which will be a vital route for trade with European countries and thus will return economic benefits to the province and the country in general, Along the way to run thousands of unemployed.
Najaf province has received more than 14,000 displaced families from Mosul and the rest of the cities. The province has provided shelter and assistance to them in cooperation with the Ministry of Displacement and Migration, the Holy Alawite and some UN organizations.
In the same regard, the First Deputy Governor of Salah al-Din Ismail Khudair al-Halloub said in a statement to "Sabah" that the local administration of the province held a meeting with the Investment Authority of the province and the directors of planning, engineering and electricity and assistant to the governor for energy to see what the departments of the offers and plans for suspended projects and investment opportunities for study And the adoption of observations in this regard and inclusion within the overall outline in preparation for participation in the donor conference scheduled to be held in Kuwait in the next few days.
He added that the meeting is complementary to a series of meetings held by the province during the past weeks to assess the damage in the liberated areas caused by "da'ash" terrorist during the past period, as well as the presentation of plans and projects stalled and investment.
He called on the state departments to provide all their offers to attract investors as well as to obtain support from donors in various sectors including energy, housing, agriculture and religious tourism.
He pointed out that there are other meetings will be held in the presence of all the departments of the State for the purpose of submitting final bids for each of them for study and the installation of observations and inclusion within the overall presentation to be provided by the province to donors and investors at the Kuwait Conference.
Feb 08, 2018
Mosul: Al-Quds Al-Arabi: Despite the restoration of the Islamic State and the return of life to Mosul, the city is still experiencing a great economic recession with high rates of poverty and unemployment, a large and dangerous percentage that forced many families to sell their properties and belongings. The family to buy food and treatment for their families, amid calls to the Iraqi government for the need to pay their financial dues and salaries that have been saved for more than 3 years, which the government is still reluctant to spend for unknown reasons undeclared.
Abdul Wahab, a 36-year-old native of Mosul, told Al-Quds Al-Arabi: "I graduated from university 12 years ago, and I was unable to get a job. I work today as a construction worker. The labor movement, especially construction, has become weak, and most of the workers are suffering from extreme poverty, amid apparent neglect by the government. "
According to the source, "the city is witnessing a dangerous turn, where many uncontrolled young people resort to stealing because of poverty and destitution." He called on the government to "create jobs and create job grades for the province and recruit young people, most of whom are unemployed."
As for Mu'taz, Vuqd for «Jerusalem Arab» that «Mosul was one of the most active cities of Iraq, and the most goods and goods pass through to reach the rest of the provinces of Iraq».
"Today, after the destruction of the largest commercial market in the city, which was on the right side, the city became one of the poorest cities in Iraq. There are no commercial activities, As well as the escape of most traders and owners of capital ».
All this "make the city suffer from poverty, and make thousands of families live below the poverty line because there is no source of livelihood for them."
Imran, also from Mosul, told Al-Quds Al-Arabi: "I owned a number of shops on the right side of the city, and dozens of families lived in these shops."
"There are thousands of people, like his own, whose livelihoods have been destroyed, such as shopkeepers, industrial workshops or taxi drivers whose cars have been destroyed," he said.
The city, according to the source «lives very difficult circumstances, and there is no seriousness of the government to compensate us or provide employment opportunities through which we can support our families who complain of poverty».
The owner of one of the markets in the city, Abdul Raouf, told Al-Quds Al-Arabi: "The Iraqi government should release the salaries of the employees who are saved because they will contribute to the recovery of the economic movement in the city." The city's employees are asking the government for dozens of salaries, .
According to the source «The launch of these salaries will contribute to the return of life to the city, where will benefit everyone and not only employees because it will promote economic activity in the city, and re-commercial movement and thus benefit everyone.
Abdul Wahab, a 36-year-old native of Mosul, told Al-Quds Al-Arabi: "I graduated from university 12 years ago, and I was unable to get a job. I work today as a construction worker. The labor movement, especially construction, has become weak, and most of the workers are suffering from extreme poverty, amid apparent neglect by the government. "
According to the source, "the city is witnessing a dangerous turn, where many uncontrolled young people resort to stealing because of poverty and destitution." He called on the government to "create jobs and create job grades for the province and recruit young people, most of whom are unemployed."
As for Mu'taz, Vuqd for «Jerusalem Arab» that «Mosul was one of the most active cities of Iraq, and the most goods and goods pass through to reach the rest of the provinces of Iraq».
"Today, after the destruction of the largest commercial market in the city, which was on the right side, the city became one of the poorest cities in Iraq. There are no commercial activities, As well as the escape of most traders and owners of capital ».
All this "make the city suffer from poverty, and make thousands of families live below the poverty line because there is no source of livelihood for them."
Imran, also from Mosul, told Al-Quds Al-Arabi: "I owned a number of shops on the right side of the city, and dozens of families lived in these shops."
"There are thousands of people, like his own, whose livelihoods have been destroyed, such as shopkeepers, industrial workshops or taxi drivers whose cars have been destroyed," he said.
The city, according to the source «lives very difficult circumstances, and there is no seriousness of the government to compensate us or provide employment opportunities through which we can support our families who complain of poverty».
The owner of one of the markets in the city, Abdul Raouf, told Al-Quds Al-Arabi: "The Iraqi government should release the salaries of the employees who are saved because they will contribute to the recovery of the economic movement in the city." The city's employees are asking the government for dozens of salaries, .
According to the source «The launch of these salaries will contribute to the return of life to the city, where will benefit everyone and not only employees because it will promote economic activity in the city, and re-commercial movement and thus benefit everyone.
Kurdistan denies receiving funds from Baghdad
The Kurdistan Regional Government denied receiving any money from Baghdad in the framework of the understandings that are underway to solve the crisis of salaries of employees.
The sources quoted Barzani, saying that the amount of 250 billion dinars, equivalent to more than 200 million US dollars, which was received concerns only the branch of the Central Bank in Erbil, stressing that the federal government in Baghdad did not send any amounts allocated to salaries of employees.
The spokesman for the government of the region, Sven Dzei, explained earlier that "can not be disposed of funds sent from Baghdad, and expressed the hope that the government of Prime Minister Haider Abadi, try to manipulate the feelings of the people of the region, because in practice did not implement any of its promises, In the payment of salaries of employees.
He pointed out that the federal government has not issued any clarification about sending money to the central bank in Erbil, asking "Are the salaries of employees and workers in the region, or is it just a normal transfer occurs between a number of banks?"
It is worth mentioning that Member of the House of Representatives Massoud Haider, revealed last week, that Baghdad sent the amount of 250 billion dinars to the branch of the Central Bank of Iraq in Arbil, while a source in the Ministry of Finance in the Kurdistan region, the arrival of a batch of money from Baghdad to Erbil.
Iraq unprecedented revenues from the export of gas during the past year
Economie
16:39 07.02.2018
16:39 07.02.2018
(Iraqi Oil Minister Jabbar Ali al-Allaibi said on Wednesday that the ministry has achieved "unprecedented" financial revenues last year thanks to the increase in national production of liquid gas, pointing to the rehabilitation of the oil field in the province of Salah al-Din and begin operations of investment and production of associated gas in record time At the lowest cost.
Baghdad - Sputnik . Al-Allaibi said in a letter to Prime Minister Haider al-Abadi that "the technical and engineering teams of the oil formations have been able to rehabilitate the oil field in the province of Salah al-Din and start the operations of investment and production of gas associated with oil operations at rates ranging from (50-70 million cubic feet per day) "Noting that" these teams succeeded in completing deliveries of gas to the North Gas Complex in a record time and at the lowest costs. "
نفط كركوك
© REUTERS /
Iraq is planning a military operation to secure the route of transporting oil to Iran
"This project adds a large amount of gas to the national production, as well as the provision of good quantities of gas to power plants, which means cutting off the use of other petroleum products in power generation, which cost the federal treasury large amounts of hard currency."
He added that "the technical and engineering teams of the oil formations and the time and effort of the standards succeeded in the rehabilitation and operation of warehouses, reservoirs and liquefied gas stations in Hammam al-Alil in Nineveh, where the operation of four government plants to mobilize liquid gas and the opening and operation of 26 plants to mobilize liquid gas, The need to maintain liquid gas fuel at a rate of 40-43 thousand cylinders per day, which is higher than the rates of production before the events of Mosul, "indicating that" this comes within the ministry's campaign for the rehabilitation and reconstruction of the liberated areas . "
خالد الفالح
© REUTERS / Heinz-Peter Bader
Saudi Energy Minister discusses oil market with Iraqi prime minister
He pointed out that "the Ministry achieved in 2017 unprecedented financial income amounted to 252 million dollars from the export (80) shipment to foreign markets, thanks to increased national production of liquid gas and export surplus to foreign markets," stressing that "this contributes to the strengthening of the economy Stressing the need to double the financial revenues in the current year from the export of gas, thanks to the ambitious plans set by the ministry to serve the national economy.
The security forces managed to control the oil field of Ajil on 5 March 2015, after the start of military operations ended with the liberation of each province of Salah al-Din from the control of the organization, "Daash" terrorist
Baghdad - Sputnik . Al-Allaibi said in a letter to Prime Minister Haider al-Abadi that "the technical and engineering teams of the oil formations have been able to rehabilitate the oil field in the province of Salah al-Din and start the operations of investment and production of gas associated with oil operations at rates ranging from (50-70 million cubic feet per day) "Noting that" these teams succeeded in completing deliveries of gas to the North Gas Complex in a record time and at the lowest costs. "
نفط كركوك
© REUTERS /
Iraq is planning a military operation to secure the route of transporting oil to Iran
"This project adds a large amount of gas to the national production, as well as the provision of good quantities of gas to power plants, which means cutting off the use of other petroleum products in power generation, which cost the federal treasury large amounts of hard currency."
He added that "the technical and engineering teams of the oil formations and the time and effort of the standards succeeded in the rehabilitation and operation of warehouses, reservoirs and liquefied gas stations in Hammam al-Alil in Nineveh, where the operation of four government plants to mobilize liquid gas and the opening and operation of 26 plants to mobilize liquid gas, The need to maintain liquid gas fuel at a rate of 40-43 thousand cylinders per day, which is higher than the rates of production before the events of Mosul, "indicating that" this comes within the ministry's campaign for the rehabilitation and reconstruction of the liberated areas . "
خالد الفالح
© REUTERS / Heinz-Peter Bader
Saudi Energy Minister discusses oil market with Iraqi prime minister
He pointed out that "the Ministry achieved in 2017 unprecedented financial income amounted to 252 million dollars from the export (80) shipment to foreign markets, thanks to increased national production of liquid gas and export surplus to foreign markets," stressing that "this contributes to the strengthening of the economy Stressing the need to double the financial revenues in the current year from the export of gas, thanks to the ambitious plans set by the ministry to serve the national economy.
The security forces managed to control the oil field of Ajil on 5 March 2015, after the start of military operations ended with the liberation of each province of Salah al-Din from the control of the organization, "Daash" terrorist
Kauaihn Iraq Articles: dd
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UN report: Da'ash is still active in Iraq
A UN report reveals that cells belonging to the Da'id terrorist organization continue to operate in several cities that have lost control over both Iraq and Syria.
The report, the twenty-first report of the Analytical Support and Sanctions Monitoring Team pursuant to resolutions 1526 and 2253 and expected to be published by the Security Council a few days later, states that the terrorist advocate in Iraq and Syria has lost control over all the urban areas under his control and that he is becoming a terrorist organization with a horizontal command line Involving cells and associated entities that act increasingly autonomously.
The report, the twenty-first report of the Analytical Support and Sanctions Monitoring Team pursuant to resolutions 1526 and 2253 and expected to be published by the Security Council a few days later, states that the terrorist advocate in Iraq and Syria has lost control over all the urban areas under his control and that he is becoming a terrorist organization with a horizontal command line Involving cells and associated entities that act increasingly autonomously.
On the other hand, the authors of the report believe that the global al-Qaeda network has remained steadfast and poses the main terrorist threat in some areas, such as Somalia and Yemen.
Denmark allocates money to support stability in Iraq
Denmark has announced support for Iraq with an additional US $ 21.4 million (DKK 135 million) for the UNDP Stabilization Project, which funds quick stabilization initiatives to areas liberated from Da'ash.
"It is impressive to see the progress being made in the newly liberated areas," said Liz Grande, the UNDP Resident Representative in Iraq. More than half of the nearly six million people who have fled their homes during the conflict have returned, he said. "Accelerating the restoration of stability to enable the 2.6 million people displaced so far to return to their homes and rebuild their lives is one of Iraq's top priorities."
"Denmark congratulates the Iraqi people and the Iraqi security forces on the continued success of liberating Iraq from an organization supported by the international coalition," Danish Ambassador to Iraq Gert Mainke said. "The rehabilitation of vital infrastructure and the restoration of public services are crucial to enable displaced people to return from conflict. To their homes.
At the request of the Government of Iraq, UNDP launched a project to restore stability in June 2015 to facilitate the return of displaced persons, lay the foundations for reconstruction and recovery, and curb the spread of violence and extremism.
More than 1,600 projects are being implemented in 23 cities and an edict to help local authorities rehabilitate basic infrastructure. The local private sector has implemented more than 95 per cent of the resettlement projects with local labor.
Iran announces resumption of trade with Kurdistan
The Iranian consulate in Erbil, Kurdistan province of northern Iraq, announced on Thursday, the resumption of commercial activity in the border markets between Iran and the region.
According to the Islamic Republic News Agency (IRNA), the activity was resumed after "solving the problems of the border markets."
"After intensive talks with the authorities of the region and the Iraqi federal government, the resumption of the activity of the border markets of Kila-Sardasht, Siraan Band-bah and Shoshmi-Bauh has been agreed," the consular statement said.
In January, Iran completed the reopening of its border crossings with the Kurdistan region.
Last October, Iran closed its three border crossings with Kurdistan (Bashmakh, Parvizkhan and Hajaj Omran) amid tensions that followed the region's referendum on independence from Iraq. Days later, the Beshmakh crossing was opened, while the other two crossings remained closed until January.
Maliki: Iraq looks forward to international support to contribute to the reconstruction of the reconstruction
The Vice President of the Republic Nuri al-Maliki on Thursday, the need to deepen bilateral cooperation between Iraq and Britain, and expressed the hope that the Kuwait conference to provide an opportunity for major international companies to participate in the process of construction and reconstruction in Iraq.
Maliki's office said in a statement that "Vice President Nuri al-Maliki received today, the new Ambassador of the United Kingdom to Iraq, Jonathan Paul Wilkes."
"Iraq is looking for more support from the international community to contribute to the reconstruction of Iraqi cities and the return of displaced people to their areas of residence," Maliki said.
He expressed the hope that "the conference will contribute to the reconstruction of Iraq, which will be held in Kuwait this mid-month to give the opportunity for major international companies to participate in the process of construction and reconstruction."
For his part, the new British ambassador, "the determination of the United Kingdom to continue to provide all kinds of support for Iraq."
On February 6, 2018, British Foreign Secretary Boris Johnson confirmed his country's support for Iraq in the fields of investment and the revitalization of the private sector.
Moscow: ready to hand over Baghdad system S-400
Russia's ambassador to Iraq Maxim Maximov expressed his country's readiness to discuss the possibility of supplying Iraq with an S-400 anti-aircraft missile system, expressing the hope that Baghdad would make a request in this regard as well as to buy other weapons.
"Within the framework of military technical cooperation, Russia has already handed over to the Iraqi government large amounts of military equipment, which have proved well in the battlefields against the terrorist organization in Iraq," Maximov said in an interview with the Russian news agency Sputnik.
"The equipment included Mi-35M, Mi-28H and Su-25 fighter jets, as well as anti-tank missile systems Kornet-TE and other military products, , Noting that "contacts with Baghdad continue in this area."
Maximov said he hoped Russia would receive "new requests from the Iraqi side to buy weapons from local producers," adding that this also applies to the S400 missile system. "When we receive an appropriate request from the Iraqi government, we will discuss it."
Kauaihn Economic Times:
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GLOBAL/NEWS/INFO
Here's how much Warren Buffett, Bill Gates and Jeff Bezos lost in the stock market crash
CNBC
Some gave billions more to charity than they lost. Read the full story
Mark Cuban shares what he's buying during the stock market sell-off
CNBC
3 signs you need to focus on your personal and career strengthsCNBC
For Cuban, the stock market plunge is an opportunity. Read the full story
CNBC
An entrepreneur turned her side hustle into a company making half-million dollars in sales, but a lack of focus begins to hurt her business. Read the full story
CNBC
A New Hampshire woman who wants to remain anonymous after winning half a billion dollars is clashing with authorities who say she must go public. Read the full story
OIL/COMMODITIES/ENERGY
Gold Prices Bounce Off 3-Week Lows As Stock Markets Stay Choppy
Investing.com
© Reuters. Gold bounces off 3-week lows Read the full story
Gold Prices Up In Asia As Dollar Weakens Slightly To Support Physical Market
Investing.com
Oil Ticks Higher on Bets for Drop in U.S. Crude SuppliesInvesting.com
Gold up in Asia Read the full story
Gold Prices Fall To 3-Week Lows as Dollar Moves Off Lows
Investing.com
Investing.com
Commodities Feb 06, 2018 18:48 GMT Investing.com – Gold prices fell to three-week lows as the dollar moved off lows shrugging off weaker economic data. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange fell by $7.30, or 0.53%, to $1,389.60a troy ounce. The dollar moved off session lows, pressuring gold prices despite a pair of bearish reports pointing to weakness in the economy. The U.S. Labor Department’s latest Job Openings and Labor Turnover Survey ( Read the full story
Investing.com
© Reuters. Oil edges higher on report of lower U.S. crude inventories Read the full story
Crude Oil Mixed In Asia After API Estimates Show Surprise Draw, EIA Awaited
Investing.com
Investing.com
© Reuters. Crude mixed in Asia Read the full story
API Says US Crude Oil Stocks Down 1.050 Mln Barrels Last Week, Build Expected
Investing.com
Investing.com
© Reuters. API estimates Read the full story
Crude Oil Prices Settle Lower Ahead of Inventory Data
Investing.com
Investing.com
Commodities Feb 06, 2018 19:30 GMT Investing.com – Crude oil prices settled lower a day ahead of inventory data expected to show domestic crude oil supplies rose for the second straight week amid a slowdown in refinery activity. On the New York Mercantile Exchange crude futures for March delivery fell 76 cents to settle at $63.39 a barrel, while on London’s Intercontinental Exchange, Brent lost 84 cents to trade at $66.78 a barrel. Crude prices extended their retreated as sentiment remained Read the full story
U.S. solar industry lost nearly 10,000 jobs in 2017
Reuters
The U.S. solar industry lost nearly 10,000 jobs last year, led by steep losses in mature markets like California and Massachusetts where installation growth has slowed, according to a new report published on Wednesday. Read the full story
Kiplinger
If you don't own commodities, add them. If you do ... add a little more. Read the full story
BANKS/BANKING/CREDIT
'Four Pillars' policy preventing banks from merging must stay: ALP
SBS News
A report by the Productivity Commission points to the lack of competition in the financial services sector and calls for a new watchdog to keep it in check. Read the full story
Commonwealth Bank stockpiles $375 million to pay for likely fines
9news.com.au
Central banks will continue to 'feed the beast': Yale's Stephen Roach
CNBC
EU regulator: 12 banks so far plan euro expansion for Brexit9news.com.au
The Commonwealth Bank announced it’s putting aside $375 million to pay for likely fines from the anti-money laundering agency. There are big questions being asked of the big four banks, with Commonwealth Bank announcing it is putting aside $375 million to pay for likely fines from anti-money laundering laws. And that's not all. Westpac and ANZ have now been forced to refund millions of dollars to credit card customers. Australian Securities and Investments Commission took again against ANZ and Read the full story
CNBC
While investors may be concerned about higher inflation, Yale University fellow Stephen Roach says inflation will remain below target. Read the full story
Banks warned to be ready for hard Brexit
Minneapolis Star Tribune
Minneapolis Star Tribune
Europe's top banking supervisor says financial institutions burdened by bad loans need to take advantage of the current economic upswing to clean up their finances. Read the full story
ABC News
A top European banking supervisor is warning that banks both in Britain and continental Europe need to be ready for a so-called hard Brexit Read the full story
Someone hacked China’s central bank mailbox to email a bogus notice about bitcoin crackdown
South China Morning Post
A mailbox at the Hefei branch of the People’s Bank of China, the Chinese central bank, was hacked, and a bogus email was sent from the address, according to an official. Read the full story
Opinion | That fancy rewards credit card you have is being subsidized by poor people
NBC News
NBC News
The less money you have, the more you spend to just be able to use money. Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on Wednesday
Investing.com
© Reuters. 5 key factors for the markets on Wednesday Read the full story
Era of Calm Ends as Volatility Returns to Markets
The Wall Street Journal
What Broke the Market…and What Comes Next
Barron's
Markets eyeing bond yields, now that stock market appears to have found a bottom
CNBC
Tumbling stocks a blip or a sign of things to come?
CBS News
The Era of Easy Money Is Ending, and the World Is Bracing for Shocks
The New York Times
The Wall Street Journal
With the return of volatility in stocks, those investors and trades that profit when markets are calm are suffering heavy losses. Read the full story
Barron's
Stronger growth and fears of inflation sent bond yields higher, and forced the stock market to adjust to the fact that they could go higher still. The result: Big drops and volatility the likes of which we haven't seen in a while. Read the full story
CNBC
Traders say it looks like stocks may have found at least a temporary bottom, and the market could open higher Wednesday. Read the full story
CBS News
The freefall in equities is raising questions about whether the 9-year bull market is turning bearish Read the full story
The New York Times
As a stock market plunge that began in the United States spread globally, the wild swings underscored how the American economy retains defining influence across the globe. Read the full story
Why we aren’t seeing a traditional flight to haven currencies as global markets swoon
MarketWatch
MarketWatch
Global equities fall, but traditional haven assets such as the Japanese yen and the Swiss franc aren’t showing signs of a sudden influx of investors. Read the full story
Markets eyeing bond yields, now that stock market appears to have found a bottom
CNBC
Traders say it looks like stocks may have found at least a temporary bottom, and the market could open higher Wednesday. Read the full story
CNBC
Traders say it looks like stocks may have found at least a temporary bottom, and the market could open higher Wednesday. Read the full story
INSURANCE/HEALTH
The Zebra Study Finds U.S. Car Insurance Rates at All-Time High
Insurance News
AUSTIN, Texas , Feb. 6, 2018 /PRNewswire/ -- The Zebra, the nation's leading insurance search engine, today distributed the findings of its annual State of Auto Insurance Report, which revealed that national car insurance premiums are at an all-time high – up 20% since 2011. The report, which explores insurance pricing trends over time and by individual insurance rating factor, shows extreme pricing volatility in recent years and raises questions about how the insurance industry is reacting to Read the full story
People News: AIG, AIR Worldwide, CAIF
Claims Journal
What’s the role of cybersecurity as the insurance industry matures?
Business Reporter
Etherisc pushes standard insurable crypto wallet
International Business Times, UK Edition
Why the current flu crisis is so severe
The Economist
Claims Journal
AIG Names DeSett Head of Field Operations, North America General Insurance American International Group, Inc. announced that Timothy DeSett will join the company as head of Field Operations, North America General Insurance, reporting to Ken Riegler, chief operating officer, North America General Insurance. DeSett will join the company in February. In this role, he will lead the development and implementation of key strategic and operational plans for products, segments, and geographical markets Read the full story
Business Reporter
The increasing frequency and severity of cyberattacks is driving huge demand for cyber insurance, and as our lives become ever more influenced by smart technology, the applications of cyber insurance grow more diverse. But how well is the cyber security industry maturing to support such offerings. As Deloitte wrote recently in “Demystifying cyber insurance coverage” there... Read the full story
International Business Times, UK Edition
Etherisc co-founder Stephan Karpischek is looking to create completely new value networks and realign incentives across the whole value chain. Read the full story
The Economist
THE 2017-2018 flu season, which lasts, roughly, for the duration of the northern hemisphere’s autumn and winter, may end up being as deadly as the swine-flu pandemic of 2009. Read the full story
How To Protect Yourself From The Flu-Like Adenovirus, Which Is Super Contagious
Bustle
With the flu epidemic getting worse and worse every day, it can be easy to forget that there are other illnesses out there worth paying attention to. Like, for instance, adenovirus: a virus with symptoms very similar to the flu. It's spreading throug… Read the full story
Bustle
With the flu epidemic getting worse and worse every day, it can be easy to forget that there are other illnesses out there worth paying attention to. Like, for instance, adenovirus: a virus with symptoms very similar to the flu. It's spreading throug… Read the full story
Weight loss interventions that work: Lifestyle changes
CNN
CNN
Successful treatment of overweight and obesity in most adults is as easy and difficult as maintaining recommended diet and physical activity. Read the full story
Fetal alcohol cases "not uncommon," study finds
CBS News
More children in the U.S. may be living with brain damage from prenatal drinking than experts thought, a new study suggests Read the full story
CBS News
More children in the U.S. may be living with brain damage from prenatal drinking than experts thought, a new study suggests Read the full story
CRYPTO'S / DIGITAL CURRENCY
A relationship is budding between bitcoin and gold, RBC analyst finds
CNBC
The potential correlation between bitcoin and stocks may be extending to another area of the markets. Read the full story
Popular Science
The fluctuations are enough to make anyone wonder: What’s going on? Read the full story
Hong Kong lawmakers push for tighter oversight of cryptocurrencies, trading platforms
South China Morning Post
South China Morning Post
Wednesday, 7 February 2018, 6:30:PM Lawmakers and brokers called on the Hong Kong government and regulators to tighten curbs on bitcoin, after China banned the cryptocurrency and as US and German authorities also tightened their respective regulatory oversight. “Bitcoin and many digital currencies are not regulated,” said Christopher Cheung Wah-fung, a Hong Kong legislator for the financial services sector. “They are not regulated by the government nor any regulators, but many people are trading Read the full story
A tiny Canada bank is building a vault for cryptocurrencies
My San Antonio
Cryptocurrency comes storming back after a blockbuster regulatory hearing on Capitol Hill
Business Insider
My San Antonio
VersaBank, a tiny Canadian lender led by a tech-savvy CEO with a penchant for planes and classic motorcycles, is building a virtual safety deposit box for cryptocurrencies and other digital assets. Read the full story
Business Insider
The market for digital currencies was on a tear Tuesday afternoon after two major US regulators addressed members of the Senate on cryptocurrency. Bitcoin picked up more than 12% in afternoon trading, and the cryptocurrency market added $40 billion in value. Regulators are taking a "do no harm approach" to the crypto market, while monitoring activity in the ICO market closely. Lawmakers pressed the two top financial regulators during a morning hearing on cryptocurrency - and now the market for Read the full story
Bitcoin is bonkers right now. Here's why you shouldn't count it out.
Popular Science
The fluctuations are enough to make anyone wonder: What’s going on? Read the full story
Popular Science
The fluctuations are enough to make anyone wonder: What’s going on? Read the full story
CURRENCIES
Forex - Dollar Index Turns Higher but Gains Capped
Investing.com
© Reuters. Dollar regains some ground but upside limited Read the full story
© Reuters. Dollar moves higher as Wall Street bounces Read the full story
Forex - USD/CAD Hovers at 4-Week Highs in Early Trade
Investing.com
© Reuters. Greenback supported vs. loonie after downbeat Canadian data Read the full story
Investing.com
© Reuters. Greenback supported vs. loonie after downbeat Canadian data Read the full story
Forex - Aussie, Kiwi Move Lower in Cautious Trade; Eyes on RBNZ
Investing.com
Investing.com
Investing.com
© Reuters. Aussie and kiwi decline vs. greenback with RBNZ decision in focus Read the full story
Forex - Kiwi Down In Asia After Mixed Jobs Data, Eye On Dollar After US Rebound
Investing.com
Forex - PBOC Sets Yuan Parity At 6.2882 Against Dollar, Strongest Since Aug 2015Investing.com
© Reuters. Kiwi down Read the full story
Investing.com
Yuan parity Read the full story
Senate leaders forge ahead on funding deal as Trump threatens shutdown
NBC News
A House vote Tuesday night sets up a showdown with the Senate with just two days before government funding runs out. Read the full story
Ex-intel chief responds to Trump's 'liar' dig: 'This is normal now'
POLITICO
I think I'm in very good company," Clapper says. Read the full story
Residents in this city owe the IRS more than $7,000 during tax timePOLITICO
I think I'm in very good company," Clapper says. Read the full story
CNBC
If you're living in San Francisco, Denver or Sacramento, and you owe the taxman, it's going to hurt. Read the full story
Canada's trade deficit widened to $3.2 billion in December
CBC News
Statistics Canada says the country's merchandise trade deficit increased to $3.2 billion in December as rising imports outpaced export growth — defying expectations that the deficit would be smaller than in November. Read the full story
CBC News
Statistics Canada says the country's merchandise trade deficit increased to $3.2 billion in December as rising imports outpaced export growth — defying expectations that the deficit would be smaller than in November. Read the full story
EMERGING MARKETS
Nigeria: President Maduro of Venezuela Wants Stronger Bilateral Ties With Nigeria
AllAfrica
President Nicolas Maduro of the Republic of Venezuela, has called for stronger bilateral ties between that country and Nigeria. Maduro said this when the new Nigerian Ambassador to Venezuela, Amb. Martin Cobham presented his Letters of Credence to the President in Caracas. A statement from the Nigerian Embassy in Caracas made available to the Newsmen in Abuja said that Maduro, also called for sustained interaction with Africa. Maduro called for the opening of new vistas in areas of mutual Read the full story
ABC News
The Spanish government is proposing Economy Minister Luis de Guindos for the post of European Central Bank vice president Read the full story
Cuban independent media say no thanks to Trump free press initiative
Reuters
Reuters
Leading Cuban independent media said they want nothing to do with a Trump administration initiative to foster more such outlets on the communist-run isle, contending it interferes in Cuba's politics and creates the impression they are U.S. mouthpieces. Read the full story
Emerging-market ETFs poised for best day in nearly a year
MarketWatch
MarketWatch
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
FEMA Contract Called for 30 Million Meals for Puerto Ricans. 50,000 Were Delivered.
The New York Times
FEMA terminated a big contract with a tiny vendor hired to produce meals for Puerto Rico after Hurricane Maria. Now, Congress is asking questions. Read the full story
Blackout hits parts of Venezuelan capital
Reuters
A power outage hit parts of the Venezuelan capital, Caracas, on Tuesday, according to witnesses and subway authorities, forcing at least 10 subway stations to close while traffic signals and phone lines were also down at rush-hour. Read the full story
Reuters
A power outage hit parts of the Venezuelan capital, Caracas, on Tuesday, according to witnesses and subway authorities, forcing at least 10 subway stations to close while traffic signals and phone lines were also down at rush-hour. Read the full story
MIDDLE EAST
Saudi Arabia looks to refinance $10bn syndicated loan, say sources
Gulf Business
HSBC, JPMorgan and Mitsubishi UFJ Financial Group are claimed to be working on the refinancing The post Saudi Arabia looks to refinance $10bn syndicated loan, say sources appeared first on Gulf Business. Read the full story
Saudi Crown Prince Mohammed bin Salman 'due to visit UK in March'
The Independent
The Independent
Saudi Crown Prince Mohammed bin Salman is due to visit London in early March, it is understood. Read the full story
UNICEF appeals for $17 million to rebuild Iraq health facilities
Business Insider
UAE's ADNOC to invest $3.1bn in Ruwais refinery upgrade
Gulf Business
Dubai sees tourist growth accelerate in 2017
Gulf Business
Business Insider
FILE PHOTO: A UNICEF logo is pictured outside their offices in Geneva Thomson Reuters BAGHDAD (Reuters) - The United Nations Children's Fund UNICEF appealed on Wednesday for $17 million to help rebuild Iraq's health facilities, ahead of an international conference to support the country's reconstruction due to convene next week in Kuwait. The UN agency said up to 750,000 children are still lacking access to health services in the region of Mosul, seven months after Islamic State militants were Read the full story
Gulf Business
ADNOC said the upgrade would allow it to free up more valuable crude for export The post UAE’s ADNOC to invest $3.1bn in Ruwais refinery upgrade appeared first on Gulf Business. Read the full story
Dubai sees tourist growth accelerate in 2017
Gulf Business
The emirate saw significant increases in Chinese and Russian visitors The post Dubai sees tourist growth accelerate in 2017 appeared first on Gulf Business. Read the full story
Gold down 0.5% as USD strengthensMubasher
Gold prices declined on Tuesday, as the US dollar recovered Read the full story
Gold prices declined on Tuesday, as the US dollar recovered Read the full story
AFRICA
Africa: Smuggling in Fuel to Fill Demand in One of Africa's Biggest Oil-Producers
AllAfrica
Ndian, the division responsible for 90% of Cameroon's enormous oil output, does not have a single filling station. Driving the 13 km from Bambui to Bamenda in Cameroon's North West region, one would be forgiven for thinking the area is big on artisanal oil mining. This region is close the country's big oil-producing zone, and plastic fuel containers line both sides of the road, attracting a steady flow of customers. This petrol on sale, however, is not from the area. In fact, it's not from Read the full story
Zimbabwe: Govt Approves Tourism Pay Rise
AllAfrica
Africa: Greetings From Cape Town, City of Drought and DivisionAllAfrica
Government, through the Ministry of Labour and social Welfare, has approved a pay increase of between 2,4 percent and 14 percent for workers in the tourism industry. The adjustments will see the least paid worker in sector 1 taking home $259, 62 up from $253, 62 while the least paid in sector one B now pockets $211 up from 205. Sector two wages had the biggest wage adjustments with the lowest paid worker now on $121,64 from $106,64. The rise is a follow up to another 1, 5 percent increment which Read the full story
Zimbabwe: Govt Seeks Investors for Varsity Infrastructure
AllAfrica
AllAfrica
Government is seeking investors to fund the building of state-of-the-art infrastructure at Manicaland State University of Applied Sciences, an official has said. Speaking during a tour of the university recently, Minister of Higher and Tertiary Education, Science and Technology Development Professor Amon Murwira said Government wanted to promote the flow of investment in the knowledge-based industry. "Our grand plan is to make a university city," he said. "We have an infrastructural development Read the full story
Zimbabwe: Former Trade Union Boss Reported to Anti-Graft Body
AllAfrica
AllAfrica
Former Zimbabwe Congress of Trade Unions president Mr Lovemore Matombo has been reported to the Zimbabwe Anti-Corruption Commission (ZACC) for abuse of funds running into thousands of dollars at the Communication and Allied Service Workers Union of Zimbabwe. Mr Matombo is now CASWUZ president. CASWUZ national organiser Mr Frank White, vice president Mr Biggie Antonio and provincial chairperson Mr Donald Bondai wrote to ZAAC on January 13 this year urging the anti-graft body to probe Matombo and Read the full story
AllAfrica
Cape Town is one of the tourist capitals of the world - think Table Mountain, stunning beaches, quaint fishing harbours, seafood restaurants, Robben Island, and the green vineyards of the winelands. But in three months' time, it will become the first major city in the world to run out of water. Unprecedented climate conditions I grew up in Cape Town. We do not have droughts in Cape Town. This is the Cape of Storms, after all, with its fierce winds and driving winter rains. Unlike the rest of Read the full story
ASIA
Chinese people are optimistic about A.I. and their jobs — here's what the rest of the world thinks
CNBC
65 percent of people in China agree that artificial intelligence and robotics will create career opportunities in the next five to 10 years Read the full story
Business Insider
A Bombardier logo is seen at the Bombardier plant in Belfast Thomson Reuters Asia-Pacific, excluding Greater China, is expected to take delivery of 2,050 aircraft by 2036, according to a forecast by Canadian planemaker Bombardier Inc . "Strong GDP growth and a booming middle class should drive passenger traffic numbers to triple in the next 20 years," said Francois Cognard, vice president, sales, Asia-Pacific, at Bombardier. (http://bit.ly/2GUrQbQ) As domestic connectivity in the region Read the full story
Investing.com
Gold up in Asia Read the full story
As U.S. rattles saber on trade, Asia bites its tongue on soft dollar
Reuters
Reuters
A year after U.S. President Donald Trump took office, heightened rhetoric out of Washington about unfair trade has kept Asian policymakers reluctant to openly talk down their currencies despite the dollar's slump to multi-year lows. Read the full story
China’s forex reserves rise for the 12th straight month
South China Morning Post
South China Morning Post
Reserve pile hits US$3.16 trillion – the highest since October 2016 – amid a weakening US dollar and strict capital controls Read the full story
Asian Shares Mostly Higher With Shanghai Bucking The Trend
Investing.com
Investing.com
© Reuters. Asian shares mostly higher Read the full story
North Korea leader's sister to make landmark visit to South for Olympics
BBC News US
BBC News US
Kim Yo-jong's Olympics visit will be the first by a member of the North's ruling dynasty. Read the full story
China demands compensation for U.S. solar tariffs: WTO filings
Reuters
China has sent the United States a demand for talks on compensation for steep U.S. tariffs imposed on imported solar panels and washing machines, World Trade Organization filings showed on Tuesday. Read the full story
EUROPE
Germany now 'biggest breaker of EU rules', according to official figures
The Independent
Reuters
China has sent the United States a demand for talks on compensation for steep U.S. tariffs imposed on imported solar panels and washing machines, World Trade Organization filings showed on Tuesday. Read the full story
EUROPE
Germany now 'biggest breaker of EU rules', according to official figures
The Independent
Germany is now the biggest breaker of EU rules, according to new statistics on enforcement actions started by Brussels against member states. Read the full story
CNBC
UK banks running out of time to apply for EU license, says ECB
The Independent
The Independent
Britain-based banks looking to maintain their access to the euro zone after Brexit are running out of time and should not count on a deal about a transition period, European Central Bank board member Sabine Lautenschlaeger said on Wednesday. Read the full story
ECB says regulating cryptocurrencies is 'not exactly very high on our to-do list'CNBC
The regulation of bitcoin and other cryptocurrencies is far from being a top priority for the European Central Bank (ECB). Read the full story
EU split over plot to fill £11.5 billion funding black hole after Brexit
Express
Express
THE EU is facing the prospect of a yawning black hole in its budget when the UK stops making contributions after Brexit, with the bloc scrambling to work out how it will plug the £11.5bn annual gap in its funds. The forecasted shortfall comes as the EU plans to invest more into the protection of borders, tackling terrorism and defence. EU leaders are set to discuss the budget gap at a summit on February 23. Germany has stated it will make higher contributions to the EU after Brexit, the German Read the full story
d d
Blessed and Highly Favored:
The CBI for Thursday 2/8/18 did update on the indicative rates Sell Rate 1184
CBI Update:
The currency auction is 157,987,351
There are no news and announcements for Thursday 2/8/18
ISX Update:
Value Traded
1,121,109,224
Shares Traded
1,292,529,892
ISX ended in Green
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Kauaihn Chatter:
dd
2-7-2018 Newshound/Intel Guru Mnt Goat Again another hold up because of arguments with the KRG on the getting the 17% (as guaranteed by the constitution. The GOI has no problems with giving them this amount but in auditing they have found so much corruption and that much of this money goes to fill the pockets of the politicians and not the salaries and planned projects. ...So the IMF steps in and mandates the GOI that they need to pay 14% and their loans are contingent upon obeying. They want this issue resolved. The GOI comes up with a suggestion.They will give the KRG 12% in the budget and the other 5% pay them in a “special emergency allocation”. This is now on the table and we wait to see what they do. [post 2 of 3....stay tuned]
2-7-2018 Newshound/Intel Guru Mnt Goat So where do we stand today in the RV sage [saga?]? We are waiting for the GOI to pay all reoccurring monthly debts on time. One of the goals of the SBA between the IMF and the GOI was to finally get the finances turned around so that the government would be in a position to be able to do this and does do this. So in late December 2017, when they agreed it was time to re-instate the currency, part of the pre-conditions was to get current on all of these outstanding occurring routine debts. If we look at their payment schedule it certainly looks like they want to complete this by around mid February (next Monday). Part of this process is getting a workable budget passed in parliament that includes proper resources to fulfill these debts. [post 1 of 3....stay tuned]
2-7-2018 Newshound Guru Adam Montana [So now that the Kurds are throwing a hissy fit over losing almost 5% share of the budget, where does that leave the RV??? They keep boycotting meetings and know without them and their supporters, there is no quorum. So no budget, no HCL, no RV. ... What can Abadi and the Parliament do to fix the problem?] That's a very good point, and it's exactly what I believe is really holding up the process at this point. The good news for us, of course, is that they can throw all the tantrums they want... eventually we will get to a point where the budget is settled, their share of the revenue will be established, and it will be very apparent to all that it is in everyone's best interest to move forward with the HCL and then of course a revision of the exchange rate. I don't see it dragging out another 10 years. It might not happen "tomorrow" or even "this week", but the conclusion is inevitable. Hang in there, everyone.
2-7-2018 Newshound Guru chattels I was asked whether I thought that the rate, impliedly " new rate " was in the budget. I seriously doubt that any increase in the value of the dinar is going to be forecast in / by the budget. ...there is a discernable rate / value to the dinar evinced in the budget. That value in my time has always been the current value of the dinar. The budget is a months long process. Is Iraq going to announce an increase in the value of the dinar in their draft budget? I don't think so
2-7-2018 Newshound/Intel Guru Mnt Goat So where do we stand today in the RV sage [saga?]? We are waiting for the GOI to pay all reoccurring monthly debts on time. One of the goals of the SBA between the IMF and the GOI was to finally get the finances turned around so that the government would be in a position to be able to do this and does do this. So in late December 2017, when they agreed it was time to re-instate the currency, part of the pre-conditions was to get current on all of these outstanding occurring routine debts. If we look at their payment schedule it certainly looks like they want to complete this by around mid February (next Monday). Part of this process is getting a workable budget passed in parliament that includes proper resources to fulfill these debts. [post 1 of 3....stay tuned]
2-7-2018 Newshound Guru Adam Montana [So now that the Kurds are throwing a hissy fit over losing almost 5% share of the budget, where does that leave the RV??? They keep boycotting meetings and know without them and their supporters, there is no quorum. So no budget, no HCL, no RV. ... What can Abadi and the Parliament do to fix the problem?] That's a very good point, and it's exactly what I believe is really holding up the process at this point. The good news for us, of course, is that they can throw all the tantrums they want... eventually we will get to a point where the budget is settled, their share of the revenue will be established, and it will be very apparent to all that it is in everyone's best interest to move forward with the HCL and then of course a revision of the exchange rate. I don't see it dragging out another 10 years. It might not happen "tomorrow" or even "this week", but the conclusion is inevitable. Hang in there, everyone.
2-7-2018 Newshound Guru chattels I was asked whether I thought that the rate, impliedly " new rate " was in the budget. I seriously doubt that any increase in the value of the dinar is going to be forecast in / by the budget. ...there is a discernable rate / value to the dinar evinced in the budget. That value in my time has always been the current value of the dinar. The budget is a months long process. Is Iraq going to announce an increase in the value of the dinar in their draft budget? I don't think so
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2-7-2018 Intel Guru RayRen98 DINAR IS SCARCE, IRAQ HAS "REPORTEDLY" STOPPED DISTRIBUTIONS...TICK, TOCK...TICK, TOCK. THERE'S A LIGHT AT THE END OF THIS TUNNEL... IT APPEARS THAT DEALERS ARE SELLING "ON HAND" INVENTORY ONLY? KEEP AN EYE OPEN ON THE DEALERS AND ON FOREX...THINGS MIGHT UNFOLD RIGHT BEFORE YOUR VERY EYES.
2-7-2018 Newshound Guru Kaperoni Article: "Central banks needed five hours to submit their applications to buy foreign currency" [Here comes the RV at one to one.] There is no RV. Not to mention this article has nothing to do with implying such. This is an attempt to control the daily currency auctions and weed out corruption, but to me it is just another restriction which could have a negative effect on the spread. The CBI has a habit of implementing these types of controls rather than doing what it should be doing...arresting the crooks themselves. [...Kap no offense here but the CBI kills your theories when they say NO FLOAT.] ...the CBI did not say no float, just no float at this time. And this makes sense since there is no momentum through the Capital Account to create inflationary pressure and appreciate the currency.
2-7-2018 Newshound Guru Breitling …I have so much confidence in what is coming down the road with the dinar. In the past we’ve talked a little about what it could do…what the Iraqis are looking at market wise. None of that stuff is going to prevent the dinar from revaluing. None of it. Zero. It’s going to revalue. The question is. How fast? And at what rate? The future is determining that…So very confident in it…
2-7-2018 Intel Guru Bruce Other information we got today from Iraq...from our contact that...February 7, the new budget would be passed and read for the third time. ...there has been a lot of pressure exerted on Abadi to get that rate out... It looks like it finally reached consensus on the budget, and have it in the Gazette on the February 8, which is Thursday. I think we are just where we needed to be as far as that goes. You know the budget would contain the rate and the rate would be seen...by the 8th if not sooner. We know that the dinar is being traded again for about the last 3 days... ...This is a real interesting time. ...I am getting strong Intel pointing toward any moment now. We know we have been close before, but I think we are even closer than we [have] ever been. [post 2 of 2]
2-7-2018 Intel Guru Bruce We know Iraq has had to get things in order. We know they were released from our US Treasury to put out their rate for the Iraqi dinar a week and half ago, maybe longer...but somehow they haven’t...yet. There was some resistance in the Parliament as far as various factions in the government still. Then we find now...Everyone pretty much is on the same page. We understand couple days ago some announcements were made by Prime Minister Abadi and behind him standing was Maliki. Maliki had said they had some unity now and...He is not going to run for Prime Minister again. Also, that he was behind the RV going thru...where he was so resistant the entire time he was in power. That is one reason why it didn’t happen. Now he is no longer a factor. [post 1 of 2....stay tuned]d
2-7-2018 Newshound Guru Kaperoni Article: "Central banks needed five hours to submit their applications to buy foreign currency" [Here comes the RV at one to one.] There is no RV. Not to mention this article has nothing to do with implying such. This is an attempt to control the daily currency auctions and weed out corruption, but to me it is just another restriction which could have a negative effect on the spread. The CBI has a habit of implementing these types of controls rather than doing what it should be doing...arresting the crooks themselves. [...Kap no offense here but the CBI kills your theories when they say NO FLOAT.] ...the CBI did not say no float, just no float at this time. And this makes sense since there is no momentum through the Capital Account to create inflationary pressure and appreciate the currency.
2-7-2018 Newshound Guru Breitling …I have so much confidence in what is coming down the road with the dinar. In the past we’ve talked a little about what it could do…what the Iraqis are looking at market wise. None of that stuff is going to prevent the dinar from revaluing. None of it. Zero. It’s going to revalue. The question is. How fast? And at what rate? The future is determining that…So very confident in it…
2-7-2018 Intel Guru Bruce Other information we got today from Iraq...from our contact that...February 7, the new budget would be passed and read for the third time. ...there has been a lot of pressure exerted on Abadi to get that rate out... It looks like it finally reached consensus on the budget, and have it in the Gazette on the February 8, which is Thursday. I think we are just where we needed to be as far as that goes. You know the budget would contain the rate and the rate would be seen...by the 8th if not sooner. We know that the dinar is being traded again for about the last 3 days... ...This is a real interesting time. ...I am getting strong Intel pointing toward any moment now. We know we have been close before, but I think we are even closer than we [have] ever been. [post 2 of 2]
2-7-2018 Intel Guru Bruce We know Iraq has had to get things in order. We know they were released from our US Treasury to put out their rate for the Iraqi dinar a week and half ago, maybe longer...but somehow they haven’t...yet. There was some resistance in the Parliament as far as various factions in the government still. Then we find now...Everyone pretty much is on the same page. We understand couple days ago some announcements were made by Prime Minister Abadi and behind him standing was Maliki. Maliki had said they had some unity now and...He is not going to run for Prime Minister again. Also, that he was behind the RV going thru...where he was so resistant the entire time he was in power. That is one reason why it didn’t happen. Now he is no longer a factor. [post 1 of 2....stay tuned]d
2-7-2018 Newshound Guru mike Article: "Corruption in Iraq file reaches the most dangerous stages" Quote: "The general amnesty issued by parliament earlier in an important outlet for corrupt law in Iraq, provides them with a cover legislative..." ...Abadi is Maliki-Lite, he just has better optics and represents hope for change. It's all smoke and mirrors, both are from the Dawa Party and answer to Iran. Going after the Kurd's and Sunni's for their corruption and ignoring the ruling Shia is typical but...hopefully the IMF sees it as well. You can bet those who attend the "donor" conference in Kuwait know what's going on, imagine putting money into a country that has laws on the books that protect the corrupt politicians. That's a pretty tough sell, it's throwing good money after bad. This conference starts in six days on Monday and Parliament isn't even going to meet again until Sunday, I don't think the odds of them completing a budget in time for the donor conference are very good.
Elmer:
Not in today
Artmeister:
Subject: Dinar Update Wednesday PM
Summary: Bruce on the BIG Call: OUT WEST (RENO) HEARING EXCHANGES STARTING AS EARLY AS TOMORROW WED 2/7 ONWARD—3x8 hr shifts, 24/7 FOR THE ZIM EXCHANGE CENTERS--THEY WILL START WITH THE ZIM SPECIFIC EXCHANGE CENTERS AND THEN AFTER SEVERAL DAYS THEY PLAN TO SHUT DOWN THE ZIM SPECIFIC CENTERS AND USE THE OTHER EXCHANGE CENTERS FOR ALL OTHER CURRENCIES TO BE EXCHANGED. Zim exchanges to revert to central banks at that time.
I was inaccurate with my post of US Stock market actions.
Katwil: Just FYI, the stocks fell 1,1175 [Monday]. The 666 was on last Friday. It was actually, according to my stock market app on my iphone, -665.75. So, not technically a 666. And, my iphone app today [Tuesday] is saying the Dow is up 567.02 today. Just passing that along.
I just got confirmation from the King of Bougainville, as referenced by Ben Fulford here Monday, that the cryptocurrency he intends to use will be the one that we designed. www.ggtrust.com/currency
Bruce on The BIG Call last night:
BRUCE INTEL TUE 2/6--CLOSER THAN WE'VE EVER BEEN BEFORE--THIS WEEK PP DELIVERIES & EXCHANGES SET TO START
--THIS IS A REALLY INTERESTING TIME--WE ARE EVEN CLOSER NOW THAN WE EVER HAVE BEEN BEFORE
--IRAQ WAS RELEASED BY THE UST 1.5 WEEKS AGO OR MORE TO POST THE DINAR RV RATE--THEY HAD NOT PUT OUT THEIR RV RATE FOR THE DINAR--THE TRUMP ADMIN STOPPED LOAN TRANSFERS TO IRAQ TILL PARLIAMENT APPROVED THE BUDGET & THE RATE
--IRAQ & PM ABADI STARTED MOVING FAST--MALIKI FINALLY SAID THAT HE WOULD NOT RUN FOR PRIME MINISTER IN IRAQ--SAID HE WOULD SUPPORT THE RV--MALIKI IS NO LONGER A FACTOR
--THERE HAS BEEN A LOT OF PRESSURE ON PM ABADI TO GET THIS DONE & GET THE BUDGET PASSED AND THE DINAR RV RATE POSTED PUBLICLY--TOMORROW WED 2/7 AN IRAQI CONTACT SAID THE NEW GOI BUDGET WOULD BE PASSED AND READ THE 3RD TIME--SAID BY THE THU 2/8 THE BUDGET & DINAR RV RATE WOULD BE IN THE GOI GAZETTE
--THE DINAR CAME OUT IN-COUNTRY AT A 1 DINAR TO $1 RATE--IT WILL GO BACK UP TO THE $4+ LEVEL THROUGH TRADING
--BY THU 2/8 THE DINAR RV RATE IS SET TO BE PUT OUT PUBLICLY--ALL THE CURRENCIES CAN BE POSTED AT THEIR RV RATES PUBLICLY TOGETHER BY THU 2/8--IRAQ HAD CELEBRATIONS OVER THE LAST COUPLE OF DAYS--MOSUL IS 60% REBUILT AFTER THE DEVASTATION UNDER ISIS
--THE STOCK MARKET CRASHED OVER 1500 POINTS (DOW) SINCE LAST FRI 2/2--THIS MARKET CRASH WAS PREDICTED (TO HAPPEN AS THE RV WAS TO BE RELEASED: CABAL TAKING MONEY OUT OF THE OLD FINANCIAL SYSTEM)
--ELON MUSK LAUNCHED THE SPACE-X ROCKET WITH A RED TESLA TODAY TUE 2/7--
--OUT WEST (RENO) HEARING EXCHANGES STARTING AS EARLY AS TOMORROW WED 2/7 ONWARD--24/7 FOR THE ZIM EXCHANGE CENTERS--THEY WILL START WITH THE ZIM SPECIFIC EXCHANGE CENTERS AND THEN AFTER SEVERAL DAYS THEY PLAN TO SHUT DOWN THE ZIM SPECIFIC CENTERS AND USE THE OTHER EXCHANGE CENTERS FOR ALL OTHER CURRENCIES TO BE EXCHANGED Zim exchanges to revert to central banks at that time.
--ALL EXCHANGE CENTERS & BANKS ARE SET AND READY--FARM CLAIMS DELIVERIES AND PP DELIVERIES ARE READY TO START THIS WEEK AS EXCHANGES START--WE HAD A COUPLE OF FALSE STARTS EARLIER THIS WEEK BUT EVERYTHING IS POINTING TO A START NOW THIS WEEK
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Catnip:
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ARTICLE 1-A (from PM Abadi's website; posted on both the Arabic and English sides)
Prime Minister Dr. Haider al-Abadi receives the New Zealand Defense Minister Ron Mark and his accompanying delegation
7 February 2018
Prime Minister Dr. Haider al-Abadi received at his office Wednesday New Zealand Defense Minister Ron Mark and his accompanying delegation.
During the meeting, they discussed enhancing bilateral cooperation in the security field and New Zealand's support for Iraq in all fields.
The New Zealand Defense Minister expressed his great admiration for the capabilities of the Iraqi forces and their great success in eliminating gangs that support terrorism.
Prime Minister 's Media Office
7 February 2018
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ARTICLE 1-B (from PM Abadi's website; posted on both the Arabic and English sides)
Prime Minister Dr. Haidar Al-Abadi receives Syrian Interior Minister Major General Mohammad Al-Sha'ar
7 February 2018
Prime Minister Haidar al-Abadi received in his office Wednesday Syrian Interior Minister Major General Mohammad Al-Sha'ar.
During the meeting, they discussed enhancing security cooperation between the two neighboring countries and stressing that the threat of terrorism threatens the region and the world. Coordination of efforts to open the border crossing between the two countries was also discussed.
Prime Minister 's Media Office
7 February 2018
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ARTICLE 2
Tweet from Government of Iraq twitter account; February 8, 2018, around 1:30 am Eastern:
- Iraq’s Industrial Bank, backed by the @IraqiGovt is encouraging the growth of the private sector by providing start-up capital loans at discounted rates to new businesses #InvestIraq
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ARTICLE 3-A
Infallible: The chances of successful real community reconciliation are now greater after an encouraging collapse
2018/2/7 17:19
[Ayna-Baghdad]
President of the Republic Fuad Masum confirmed the chances of the success of real community reconciliation in Iraq is greater now after the collapse of the gangs of the terrorist.
"In the Peace Palace in Baghdad on Wednesday morning, a delegation from the American Peace Institute, headed by Nancy Lindborg, visited the Peace Palace in Baghdad. The delegation reviewed the most important projects carried out by the Institute in cooperation with the Iraqi institutions, File reconciliation ".
"The chances of the success of a genuine community reconciliation are greater now that the gangs have collapsed and the liberation of all the areas that he controls despite the problems he left behind after his control over all aspects of life," said Masoum. Through joint action to overcome all obstacles that impede the consolidation of harmony between all the spectrums. "
"The importance of strengthening dialogues and understandings between the federal government and the Kurdistan Regional Government, which is in the interest of all parties."
In the context of talking about foreign relations, Masoum stressed Iraq's principled position on non-interference in the affairs of others, pointing out that Iraq seeks to build equal relations with all based on common interests.
For her part, Lindborg stressed "the importance of her institution to work to exert maximum efforts to consolidate peaceful coexistence in Iraq through the programs and plans that have advanced in this field, priceless efforts to promote rapprochement and communication between all parties."
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ARTICLE 3-B
In the absence of Allawi .. Masoum, Maliki and Najafi are looking at four files
2018/2/8 14:00
[Ayna-Baghdad]
The Presidency of the Republic held on Thursday a meeting missed by Vice President Iyad Allawi.
"The President of the Republic Fuad Masoum, held a meeting Thursday with his deputies Osama Najafi and Nouri al-Maliki to discuss four files are the budget and dialogue between Baghdad and Erbil, provincial elections, in addition to The possibility of legislation of Parliament a number of laws in the coming period. "
The statement did not specify the reasons for the absence of Allawi, who usually attend the presidential meeting.
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ARTICLE 4
UNICEF: 750,000 children in Mosul suffer from lack of sanitation facilities
2018/2/7 20:07
[Where - Continue]
The United Nations Children's Fund (UNICEF) has appealed to donors to provide $ 17 million to help rebuild health facilities in Iraq ahead of an international conference to support the country's reconstruction in Kuwait next week.
Around 750,000 children in Mosul and the surrounding areas have difficulty accessing basic health services, seven months after Da'ash was expelled from the city, the organization said.
According to UNICEF, less than 10 percent of the health facilities in the Nineveh province, which includes Mosul, are fully operational, while the capacity of those few working from them is depleted to the limit.
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ARTICLE 5-A
Business launches small business loans up to 12 million dinars
2018/2/8 13:04 • 32 times read
[Ayna-Baghdad]
The Ministry of Labor and Social Affairs begins to reopen the application for loans of small income-generating projects in Baghdad and the provinces through its website on Thursday.
The Ministry of Labor spokesman Ammar Menem said in a statement received by the agency of all Iraq [where] a copy of it, that "the submission of loans will be for a month starting from the date of submission 15-2-2018," calling for job seekers who are registered in the database operating department Loans and have the desire to obtain loans to submit electronically on the ministry's website. "
He explained that "the maximum limit of one loan from the fund to support small-income-generating projects up to 12 million dinars paid in the form of installments over five years with a one-year grace period and without interest arising out of the amount of the amount, while confirmed that the rate of [3%] is Administrative fees set within the terms and conditions for granting loans. "
The Department of Employment and Loans in the Ministry of Labor set a set of controls for the submission of loans granted to job seekers registered in the database according to the primacy of registration, including the age of the job seeker not less than 18 years and not more than 45 years and that the borrower himself to manage the project , And that the job seeker is not entitled to receive more than one loan.
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ARTICLE 5-B
Baghdad exhibition witnesses the establishment of specialized exhibitions in February and March
2018/2/8 11:17
[Ayna-Baghdad]
The General Company for Exhibitions and Commercial Services in the Ministry of Commerce announced the establishment of several specialized exhibitions on the grounds of the Baghdad International Fair during February and March, in addition to the establishment of other exhibitions specialized in the provinces of Basra, Maysan and Wasit.
"The establishment of these exhibitions comes within the company's plans to promote the activity of the exhibition and its active and influential role to promote the economic and developmental reality in addition to being one of the means of communication and keeping abreast of developments and developments in the world," the ministry said in a statement. .
He added that "exhibitions that will be held on the ground of the Baghdad International Fair during February is the exhibition of Khan al-Hariri [made in Syria], which is currently held until the eleventh of this month and Iran's fourth specialized exhibition, which begins on the twelfth of this month as well as the exhibition of security and defense and the Iraqi military industries and exhibition Conference of Specialized Health Services and the 10th Agriculture Exhibition for Agricultural and Livestock Production, Iraq Travel Market Exhibition and the First National Exhibition for University Services and the Exhibition of Fashion and Civil Beauty, all of which will be held during the month of March. "
And Hatem that "other specialized exhibitions will be held in the provinces, including the Basra exhibition Build VII for reconstruction, construction and infrastructure, machinery and equipment and the reconstruction of the affected provinces and the conference of oil and gas and the Basra International Festival of Shopping, in addition to the exhibition and conference of Maysan and Wassit International Exhibition III of energy and reconstruction and investment on the land of Wasit province, Next March. "
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ARTICLE 6-A
URGENT Russia declares readiness to supply Iraq with long-range [S400] missiles
2018/2/8 10:41
[Where - Continue]
The Russian ambassador to Iraq, Maxim Maximov, announced that the Russian side is ready to discuss the possibility of supplying Iraq with an anti-aircraft system of the "S-400", expressing the hope that Baghdad to request in this regard, as well as to buy other weapons.
"Within the framework of military technical cooperation, Russia has already handed over to the Iraqi government large amounts of military equipment, which has proved well in the battlefield against the terrorist in Iraq," Maximov said in a press statement.
The equipment included Mi-35M helicopters, MI-28H and Su-25 fighter jets as well as anti-tank missile systems Kornet-TE and other military products. Other.
The ambassador explained that contacts with Baghdad continue in this area. "I hope we will receive new requests from the Iraqi side to buy weapons from local producers," he said. "This also applies to the S400 missile system."
"When we receive an appropriate request from the Iraqi government, we will discuss it," the ambassador concluded.
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ARTICLE 6-B
Video .. Alliance Air destroys tunnels and caves for the low in the mountains of Hamrin
2018/2/7 23:53
[Where - Continue]
The International Alliance aircraft destroyed terrorist logistic support sites and warehouses in the Hamrin mountain range.
"The security forces continue the clearance and inspection operations based on accurate information from intelligence agencies and in coordination with the international coalition aircraft," a statement from the Iraqi Ministry of Defense said.
He pointed out that the coalition aircraft "carried out air strikes targeting sites in the Hamrin mountain range, which resulted in the destruction of a number of caches of weapons and ammunition, communications networks and positions of mortar and tunnels and caves and warehouses support logistical for terrorists."
The raids "resulted in the destruction of 50 targets and 6 different wheels, two armed refugees and 24 tunnels, as well as the destruction of 20 caves [cave] used by terrorist elements to hide."
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ARTICLE 7
The former governor of Nineveh was sentenced to severe imprisonment for exploiting his job
BAGHDAD (Reuters) - February 8 - The Rasafa Misdemeanor Court on Integrity, Money Laundering and Economic Crime issued Thursday a three-year suspended sentence against former governor of Nineveh province Athil Abdul Aziz Mohammed Abdul Aziz, in accordance with Article 329 / Of the Penal Code for exploiting his or her position.
"The fugitive convict took advantage of his job to disrupt the implementation of the provisions of Law No. (19) for the year 2005 and the decisions of the committee of isolation and decomposition of the General Secretariat of the Council of Ministers," pointing out that "the court, after reviewing it On the ongoing approach from the General Secretariat of the Council of Ministers to the province of Nineveh, and the decision of the Federal Supreme Court on the lack of conflict with the provisions of the constitutional provisions and the convictions of the flight of convicted, reached the conviction enough to condemn him.
"The ruling included the issuance of an arrest warrant against the convicted fugitive, in addition to preventing his travel and supporting the seizure of his movable and immovable property, and to keep the injured party the right to claim compensation when the judgment acquires a decisive degree." Ending
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ARTICLE 8
Grapes antidepressants and new anxieties
BAGHDAD (Reuters) - February 6 - Grapes contain a natural chemical element that can treat depression if taken regularly, a new study suggests. This component targets cells in the brain that recent studies have revealed play an important role in the development of depression.
According to the study conducted at Mount Sinai Hospital in New York, polyphenols in grapes target the pathway that leads to the development of depression and anxiety.
The results of the study were published in the journal Nature Sharing, and described grape intake regularly in the diet as a treatment that helps to resist the symptoms of depression and anxiety targets the neurotransmitters better than the antidepressants currently available.
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