Word on the Street Friday 3/16/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,171.1000 | 1,171.1000 | 1,171.1000 | | 21:00 |
| USD/VND | | | 22,733.3000 | 22,526.0000 | 22,526.0000 | | 03:54 |
| USD/CNY | | | 6.3315 | 6.3141 | 6.3230 | | 05:44 |
| USD/KWD | | | 0.2995 | 0.2988 | 0.2994 | | 05:42 |
| GBP/USD | | | 1.3978 | 1.3915 | 1.3928 | | 05:45 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,770.0000 | 13,734.0000 | 13,757.0000 | | 05:45 |
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DC NY Iraq Articles:dd
Iraq maintains fifth place in terms of gold reserves
15-03-2018 05:25 PM
The World Gold Council announced on Thursday the decline in the world's reserves of gold in March, while noting that Iraq has maintained the rank of 37 in the world and the fifth of the Arab world reserves.
The world's reserves of gold declined by 117 tons from February to 33,773 tons, according to the statistics published on its website. The United States still ranks first in the world in terms of reserves of 8.133.5 tons. Germany with 3.373 tons.
The Council added that Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab world, after it came after Saudi Arabia, Lebanon, Algeria and Libya.
The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 ton
Al Rashid launches the first installment of salaries through MasterCard Worldwide
Al-Rasheed Bank announced on Friday the launch of the first batch of salaries through the MasterCard card, one of the electronic payment tools, pointing out that the card is drawn from inside and outside Iraq.
"The Rasheed Bank launched the first installment of salaries through the MasterCard International Card Nakheel, one of the electronic payment tools," the bank's information office said in a statement.
The bank called on all departments and ministries to "speed up the settlement of salaries of their employees and obtain the card so that the bank can grant them advances and loans, noting that this card helps the citizen to save and protect him from trading counterfeit currency and damaged and retain salaries from thefts suffered during the transfer of salaries."
He added that "the card is drawn from inside and outside Iraq and the Bank recently distributed a number of ATMs in Baghdad and the provinces, knowing that the commission card (10) thousand dinars, three years."
Keywords for "Khandan": sending the salaries of the staff of the province before Norouz
Number of readings
16/03/18 Khandan -
BAGHDAD - Iraqi Prime Minister Mahdi al-Alak said on Friday that Baghdad would send salaries of Kurdistan region employees before Nawruz.
In a statement to "Khandan", on the sidelines of his participation in the ceremonies to commemorate the tragedy of Halabja, he said that the salaries of the staff of the region will be sent before the holidays of Norouz.
The Iraqi Prime Minister Haider Abadi, recently announced that the salaries of employees of the Kurdistan region will be sent before Nuruz.
In a statement to "Khandan", on the sidelines of his participation in the ceremonies to commemorate the tragedy of Halabja, he said that the salaries of the staff of the region will be sent before the holidays of Norouz.
The Iraqi Prime Minister Haider Abadi, recently announced that the salaries of employees of the Kurdistan region will be sent before Nuruz.
Deputy: The quorum of parliamentary sessions will not be achieved today
Editorial Date: 2018/3/16 11:00 • 112 times prescribed
(Baghdad: Euphrates News) MP of the coalition of state law Mansour al-Baiji that the quorum for the meetings of the House of Representatives will not be achieved after today for the upcoming elections, "scheduled for 12 May next.
Al-Bayji told the {Euphrates News} that "the presidency of the House of Representatives is weak to deter those who lag behind the meetings of the Council, especially with less than 60 days to the next election," explaining that "since the start of the parliamentary session to this day there are no deterrent penalties for deputies absent, The members of the federal parliament 328 deputies and the most attendance at the meetings does not exceed the 260 deputies only. "
He added that "some deputies did not see them throughout this session because of their lack of accountability by the presidency of parliament."
He pointed out that "the law of oil and gas did not come from the Council of Ministers to this moment in addition to the Federal Service Law, which was withdrawn by the government because of political problems because of quotas."
The Presidency of the House of Representatives postponed the holding of meetings to another notice of non-quorum
He added that "some deputies did not see them throughout this session because of their lack of accountability by the presidency of parliament."
He pointed out that "the law of oil and gas did not come from the Council of Ministers to this moment in addition to the Federal Service Law, which was withdrawn by the government because of political problems because of quotas."
The Presidency of the House of Representatives postponed the holding of meetings to another notice of non-quorum
US Military Helicopter Crashes in Iraq
16/03/2018 - 01:05
ERBIL — A US Chinook helicopter crashed overnight on Thursday in Iraq’s western province of Anbar, local media reports said.
Unconfirmed reports also claimed at least three American pilots aboard to have been killed in the crash.
Unconfirmed reports also claimed at least three American pilots aboard to have been killed in the crash.
The incident took place near Qa’im district of Anbar Province, near the border between Iraq and Syria..
Kauaihn Iraq Articles:dd
Speaker of the Iraqi Parliament discusses with the Turkish President ways of cooperation and bilateral coordination between the two countries
Date Posted 16/03/2018 10:51 AM
Turkish Parliament Speaker Recep Tayyip Erdoğan met in Ankara on Thursday with Turkish Parliament Speaker Salim al-Jubouri.
During the meeting, they discussed the political situation in the region and the importance of creating new opportunities in terms of bilateral cooperation and the development of relations in a way that enhances the interdependence of the two countries and contributes to realizing the aspirations of the two friendly peoples.
The role of Iraq in the fight against terrorism and its efforts in the elimination of criminal gangs, and the support of the international community in this war and its repercussions from the conditions of the displaced and the humanitarian reality and relief.
They also discussed means of cooperation and coordination in order to achieve lasting stability, especially at the levels of politics, security and economy, and to coordinate regional efforts to maintain the security and safety of the region and to activate development, investment and trade cooperation. d
US defense secretary accuses Iran of "interfering" in Iraqi elections
US Defense Secretary James Matisse accused Iran of "meddling" in the upcoming Iraqi elections and of trying to influence voters in favor of pro-Tehran candidates.
Iranian Foreign Minister participates in the funeral «Talabani» and emphasizes the unity of Iraq
He told reporters on his way back from his trip to Amman, Afghanistan and Bahrain on Thursday evening that the officials he met were worried about Iran's behavior.
"There is something clear and frank about Iran's lack of confidence," he said, citing "evidence of Iran's efforts to destabilize."
"I heard that when I was in Afghanistan. You know what happens to the Iranian support for Assad. Now Iran is following the example of Russia and intervening in Iraq's elections. "
"Iran is trying to influence the Iraqi elections through money. These funds are used to influence the candidates, to influence the vote ».
Iran welcomes recent agreements between Baghdad and Arbil
TEHRAN (AFP) - Iran's ambassador to Iraq Erj Musjedi said today that the Islamic Republic of Iran welcomes the latest agreements between Baghdad and Erbil, including the reopening of Erbil and Sulaymaniyah airports in Iraq's Kurdistan region.
2018/03/16 - 01:18
IRG reported in a statement to the dialogues and agreements between Baghdad and Erbil in recent weeks, saying that the Islamic Republic of Iran has always stressed the necessity and importance of dialogue to settle differences in Iraq.
The Iranian ambassador in Iraq noted Tehran's good and close relations with all political parties and nationalities in Iraq, saying that Iran supports any efforts to settle disputes peacefully and within the framework of a unified Iraq and the constitution in this country. Between the two sides.
He said the new agreements between the two sides, including the resumption of the activities of Arbil and Sulaymaniyah airports in Iraqi Kurdistan, were "effective" in the normalization and strengthening of economic and social relations inside and outside Iraq. He hoped that the new agreements between Baghdad and Erbil would improve the economic situation and investment in different parts of the country. More than before, and that the problems be solved gradually and through the efforts of both sides.
Germany refuses to supply new weapons to Iraq
Sheikh Hammoud Hamoudi calls on the international community to fulfill its obligations to Iraq
BAGHDAD, March 16 (KUNA) - Iraq's first deputy speaker and head of the Iraqi Supreme Council, Sheikh Hammam Hamoudi, called on the international community to fulfill its commitments to Iraq in support of reconstruction and reconstruction projects after the elimination of a terrorist organization.
During his meeting with UN Secretary-General Kofi Annan's representative in Iraq, Sheikh Hamoudi stressed the necessity for the international community and the United Nations to implement the international commitments and commitments on supporting and activating the reconstruction efforts in Iraq. He also welcomed the decision to reopen the airports of Kurdistan, Considering it a positive step towards strengthening the unity of federal Iraq and respect for its constitutional mechanisms.
According to a statement issued by his private office, 'Sheikh Hamoudi discussed with the UN representative in Iraq, Jan Kubic, during his meeting with his office today the importance of the visit of the Vice President of the World Bank to Iraq and the need to invest economically and bank to the benefit of permanent partnership and activate the facility of granting loans, The importance of completing all preparations for the election process and support the independence of the Commission and the integrity of the voting process'.
For his part, according to the statement, 'renewed the commitment of the United Nations to help the government and the Independent Commission to ensure the success of the electoral process in the country and pass it smoothly, explaining the need for all countries to abide by international commitments on the urban development of Iraq and reconstruction of cities liberated from terrorism, "Iraq stands today on a solid ground based on the Constitution and respect for bilateral relations with all countries."
Several countries, international organizations and economic institutions pledged during the Iraq reconstruction conference held in Kuwait on February 12 to provide 30 billion dollars to Iraq as part of the reconstruction of its devastated areas as a result of the control of a terrorist organization in the summer of 2014.
Finished ** 2342
According to a statement issued by his private office, 'Sheikh Hamoudi discussed with the UN representative in Iraq, Jan Kubic, during his meeting with his office today the importance of the visit of the Vice President of the World Bank to Iraq and the need to invest economically and bank to the benefit of permanent partnership and activate the facility of granting loans, The importance of completing all preparations for the election process and support the independence of the Commission and the integrity of the voting process'.
For his part, according to the statement, 'renewed the commitment of the United Nations to help the government and the Independent Commission to ensure the success of the electoral process in the country and pass it smoothly, explaining the need for all countries to abide by international commitments on the urban development of Iraq and reconstruction of cities liberated from terrorism, "Iraq stands today on a solid ground based on the Constitution and respect for bilateral relations with all countries."
Several countries, international organizations and economic institutions pledged during the Iraq reconstruction conference held in Kuwait on February 12 to provide 30 billion dollars to Iraq as part of the reconstruction of its devastated areas as a result of the control of a terrorist organization in the summer of 2014.
Finished ** 2342
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
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Asian Equities Mixed; Trade War Prospect In Focus
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GLOBAL/NEWS/INFO
5 things you need to know Thursday
USA TODAY
USA TODAY
The biggest news to start your day. Read the full story
3D-printed homes turn sludge into shelter
BBC News US
BBC News US
It is hoped the technology can create better, cheaper homes for those who desperately need them. Read the full story
Singapore and Paris Top World’s Most Expensive Cities
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Pedestrian stand on a promenade in Singapore. Singapore is the world’s most expensive city for the fifth straight year in the Economist Intelligence Unit’s latest Worldwide Cost of Living report, with Paris and Zurich tied for second place. Asia Pacific and European destinations dominated the ranks of costliest cities identified in the report released this week. Tokyo and Osaka were conspicuous in their absence from the top 10, edged out Read the full story
After 5 years of studying millionaires, I learned that there's a particular type of habit that will keep you from getting rich
Business Insider
Author Tom Corley spent five years studying the habits of the rich, which he chronicled in his best-selling books. He found many common habits among rich people, including reading, emphasis on building relationships, setting goals, and taking calculated risks. Many people who never get rich often have something he calls "do-nothing habits," like not reading daily, not networking with successful people, and not prudently investing money. It's not just what you do, but what you choose not to do, Read the full story
OIL/COMMODITIES/ENERGY
Gold Prices Holds Steady, Close to 1-Week Highs
Investing.com
Investing.com
© Reuters. Gold prices almost unchanged in cautious trade Read the full story
Gold Edges Up as Weak Retail Sales Data, Trade Fears Weigh on Stocks
Gold prices inched up on Thursday Read the full story
Gold Prices Unchanged Despite Weaker US Economic Data, Tariff Woes
Investing.com
Commodities Mar 14, 2018 18:18 GMT Investing.com – Gold prices traded roughly flat Wednesday as the precious metal struggled to capitalize on dollar weakness despite weaker economic data and growing fears that Trump’s wish to slap tariffs on Chinese production could trigger a trade war. Gold futures for April delivery on the Comex division of the New York Mercantile Exchange fell by $2.10, or 0.16%, to $1,325 a troy ounce. The Commerce Department said on Wednesday that retail sales fell 0.1% Read the full story
Crude Oil Prices Settle Higher After Massive Draw in Gasoline Supplies
Commodities Mar 14, 2018 18:39 GMT Investing.com – WTI crude oil prices settled higher as data showing a massive draw in gasoline supplies offset a build in crude stockpiles for the third-straight week. On the New York Mercantile Exchange crude futures for April delivery rose 25 cents to settle at $60.96 a barrel, while on London’s Intercontinental Exchange, Brent rose 0.11% to trade at $64.78 a barrel. Inventories of U.S. crude rose by 5.022 million barrels for the week ended March 9, well Read the full story
Crude Oil Prices Move Lower Amid Supply Level Concerns
Investing.com
© Reuters. Crude prices lose ground after U.S. supply data, OPEC report Read the full story
IEA Raises Oil Demand Forecast, Says U.S. Protectionism a Potential Risk
Investing.com
© Reuters. IEA raises oil demand but warns against U.S. protectionism. Read the full story
BANKS/BANKING/CREDIT
Amazon could shake the banking industry to its core — but one expert says Wall Street can fight back
Business Insider UK
Business Insider UK
Richard Brian/Reuters Amazon's reported foray into the checking account business is a scary proposition for the banking industry, given the company's reputation for disruption. A partner at Bain & Co. argues banks can withstand pressure from Amazon if they focus on one key area. When the news hit that Amazon was in talks with several banks to launch a "checking account-like product," naturally everyone feared the worst. After all, this is a company that's taken multi-billion-dollar bites out of Read the full story
European Economics Preview: Swiss Central Bank Set To Hold Rates
RTTNews
The Swiss National Bank is expected to hold its negative interest rate at the monetary policy meeting on Thursday. At 3.00 am ET, the European Automobile Manufacturers Association is slated to issue Europe's new car registrations data for February. Read the full story
Why It's So Hard to Replace Libor
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Libor, the London interbank offered rate, for decades was a reliable benchmark set daily by banks to determine interest rates on everything from student loans and mortgages to derivatives and credit cards. But ever since European and U.S. banks were found to have manipulated rates to benefit their own portfolios, the benchmark has been seen as tainted. Along with its kinfolk -- Euribor for the euro and Tibor for the yen -- Libor is Read the full story
What's in the Senate banking bill
CNN Money
A summary of the Senate banking bill, which would deliver the biggest changes to the Dodd-Frank law since it was passed in 2010. Read the full story
Senate passes rollback of banking rules enacted after financial crisis
The Washington Post
Broad bipartisan support, and internal Democratic divisions, for a rollback of Dodd-Frank. Read the full story
What scandals? Wells Fargo CEO Tim Sloan gets $4.6M raise
CBS News
Despite the bank's many woes -- and massive fines -- its chief executive got a 35 percent salary increase in 2017 Read the full story
Banking Roundup: Goldman Sachs CEO, COO to step down… Bank of America CEO gets big pay increase
New York Business Journal
The nation’s largest banks — such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley — have operations around the country. Here are other recent stories reported by The Business Journals and other media outlets. Read the full story
Refinancings haven’t been so scarce since Lehman Brothers imploded
MarketWatch
The share of mortgage applications used for refinancing just fell to the lowest in ten years as years of ultra-low rates finally come to an end. Read the full story
Credit Suisse sued over U.S. 'volatility' product losses
Reuters
An investor sued Credit Suisse on Wednesday, alleging that misstatements about a complex product betting on stock market swings led to losses for people who bought in at inflated prices. Read the full story
TREASURIES/BONDS/STOCKS
Ten Years Ago, Wall Street Crushed Itself; How Is The Stock Market Today?
Investor's Business Daily
Investor's Business Daily
Ten years ago, the collapse of banks on Wall Street helped spur the market crash of 2008. Ten years later, stocks are in better shape. Read the full story
Stocks retreat, bonds advance as simmering trade woes curb risk appetite
Reuters
Stock markets slipped broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions would hurt the global economy. Read the full story
‘I hope you’re sitting down before I show you this next chart,’ says trader
CNBC
There's one chart that could be signaling a rough time ahead for stocks. Read the full story
Market analyst warns of impending market collapse: 'Bubbles happen'
Fox News
Just 10 years ago, the huge global bank Bear Stearns collapsed, the first in a chain of events that eventually triggered the Great Recession -- since then, the S&P 500 has risen more than 300%, but some analysts are leery of the recent stock gains, warning the markets could be headed toward another collapse. "I doubt we will have another bubble of that sort of consequence," Dennis Gartman, editor and publisher of The Gartman Letter, told FOX Business' Liz Claman during an interview on Wednesday. Read the full story
INSURANCE/HEALTH
Microplastic Contamination Is Found in Most Bottled Water, a New Study Says
TIME
TIME
There is little understanding or data on how this effects human health Read the full story
These 5 Little Things Can Calm Anxiety In An Instant & They'll Fit Right On Your Desk
Elite Daily
Feelings of stress and anxiety can often balloon into something that seems totally out of your control, to the point of derailing an entire day. Although stress can obviously come from a variety of sources, it could just be that you need little thing… Read the full story
Therapy Dogs Can Actually Help College Students Manage Anxiety & Stress, A New Study Says
Bustle
If you're a dog person, this likely won't shock you: a new study claims that college students can benefit from therapy dogs. Now, close your eyes and imagine how much more amazing your college life would have been if your school let you hang with a t… Read the full story
Astronaut's DNA no longer matches that of his identical twin, NASA finds
CNN
Preliminary findings from NASA indicate that 7% of Scott Kelly's genes did not return to normal once he was back on Earth. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin's sharp decline is not indicative of the market: Wells Fargo Securities
CNBC
CNBC
Bitcoin's decline is not indicative of a failing market, says Wells Fargo strategist. Read the full story
Bitcoin price: Why is bitcoin falling today? BTC market sell off hits all month low
Express
Express
BITCOIN prices struck out at an all month low today following Google’s shock announcement it would ban all cryptocurrency related advertising. But why is bitcoin’s price falling today? Bitcoin kick started trading today at at £5,862.42 , more than 11 per cent down on its Wednesday opening price of £6,553.61 . Read the full story
Over $60 billion wiped off value of cryptocurrencies in 24 hours as bitcoin slide continues
CNBC
Increased regulatory scrutiny, Google banning cryptocurrency-related ads, and continued bitcoin selling by the trustee of Mt.Gox, was behind the fall in cryptocurrency prices. Read the full story
The cryptocurrency market is taking a pounding
Mashable
Top 10 coins are down by double digits in the last 24 hours. Read the full story
Congressional hearing on cryptocurrencies devolves into bitcoin bash fest
CNBC
A House Financial Services subcommittee shined a light on some Congress members' deep skepticism around digital currency. Read the full story
You Won't Get Rich By Listening to "Experts" Who Say Bitcoin Is Worth "Zero"--Forget It!
Splinter
Fellow crypto enthusiasts know that future generations will look back on today as the Age of Bitcoin, and Virgins. Our message to you: heed not the cries of so-called “qualified financial advisors” who tell you this imaginary computer money is useless. Read the full story
Bitcoin plunges as lawmakers threaten regulations
New York Post
Bitcoin plunged nearly 13 percent on Wednesday after Capitol Hill lawmakers weighed a move to regulate the nascent crypto-asset space. Members of the House Financial Services Committee met with crypto-experts to discuss possible risks posed to investors. “Cryptocurrencies are a crock … what social benefit do they provide? … You’re gambling on its value for no social benefit,” Rep. Brad Sherman (D-Calif.) said at a hearing. “They’re popular with guys who sit in their pajamas and tell their wives Read the full story
CURRENCIES
Forex - Dollar Flat as Weak Retail Sales Pressure Q1 GDP Estimates
Investing.com
Investing.com
Forex Mar 14, 2018 17:40 GMT Investing.com – The dollar was roughly unchanged against a basket of major currencies as upbeat U.S. wholesale inflation was offset by a fall in retail sales for the third-straight month. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.01% to 89.69. The dollar index traded as low as 89.54 Wednesday before rebounding. The Commerce Department said on Wednesday that retail sales fell 0.1% Read the full story
Pound to euro exchange rate: Sterling improves despite growing Russian tensions
Express
THE POUND has improved against the euro following a strong well regarding the UK debt and inflation rates. This is despite the recent tensions between the UK and Russia. The pound is currently trading against the euro at £1.130, up from yesterdays rates of £1.127. Read the full story
Rupee trades marginally lower against US dollar
Livemint
Mumbai: The rupee on Thursday weakened marginally against the US dollar, tracking losses in the Asian currencies market. Read the full story
USA/CANADA
Trump and Brady say more tax cuts coming
POLITICO
POLITICO
Republicans do not have a timetable for producing the plan, Brady said, beyond releasing it this year. Read the full story
Trump confirms CNBC contributor Kudlow to be economic aide
ABC News
President Donald Trump is confirming he's picked CNBC contributor Larry Kudlow as his top economic adviser and says the country is in line for a long run of upbeat financial news Read the full story
Who Is Conor Lamb, Apparent Winner Of The Pennsylvania Special Election?
NPR
Lamb appears to have an insurmountable lead over Republican Rick Saccone in the 18th District. Lamb, a Marine veteran and former federal prosecutor, had to spend a lot of time introducing himself. Read the full story
Chief of Staff John Kelly on way out at White House?
CBS News
A staff turnover that some at the White House are preemptively calling a purge is coming, sources tell CBS News Read the full story
EMERGING MARKETS
Crisis-hit Venezuela could soon tip the oil market 'decisively into deficit,' IEA says
CNBC
CNBC
Venezuela is likely to remain the biggest risk factor among leading oil producers for some time to come, according to the latest monthly report from the IEA. Read the full story
See The Stars From Mexico's Beautiful Bubble Hotel
AWOL
Bubble hotels have popped up all over the place, from lush Icelandic forests to here in Australia. But Campera Hotel, the latest to be inflated in the wine country of Baja California in Mexico is something truly spectacular. There are 12 French-designed rooms in total, each kitted-out with a cosy queen-sized bed, luxurious linens, and a… Read the full story
Puerto Rico town gets new bridge 6 months after hurricane washed away old one
ABC News
Six months after a devastating storm, a new bridge brings hope to Puerto Rico. Read the full story
BlackRock overweight local currency EM debt, sees buffer in spreads
Reuters
BlackRock is overweight local currency emerging market debt, seeing a potential for positive returns and a buffer in spreads as U.S. interest rates rise, Sergio Trigo Paz, the firm's head of emerging market fixed income said on Wednesday. Read the full story
BlackRock fund manager sees this as the market’s ‘sweet spot’
MarketWatch
BlackRock, which manages $6 trillion in investor money, says there is still a “sweet spot” left in the market that tunes out the noise of both U.S. politics and central bank tightening: Emerging markets bonds. Read the full story
Templeton Emerging Markets Income Fund ("TEI") Announces Distribution
Benzinga
FORT LAUDERDALE, Fla., March 14, 2018 (GLOBE NEWSWIRE) -- Templeton Emerging Markets Income Fund (NYSE:TEI) today announced a quarterly distribution from net investment income of $0.2574 per share, payable on April 11, 2018 to shareholders of record on March 28, 2018 (Ex-Dividend Date: March 27, 2018). The Fund's investment manager, Franklin Advisers, Inc., ... Full story available on Benzinga.com Read the full story
MIDDLE EAST
Kuwait's parliament pushes back VAT vote
Gulf Business
Gulf Business
The decision could mean further delays to the country's implementation of the GCC-wide tax The post Kuwait’s parliament pushes back VAT vote appeared first on Gulf Business. Read the full story
UAE, Saudi, Qatar climb Bahrain, Kuwait fall in happiness ranking
Gulf Business
The study also ranked countries' expatriate populations for happiness for the first time this year The post UAE, Saudi, Qatar climb Bahrain, Kuwait fall in happiness ranking appeared first on Gulf Business. Read the full story
ADCB plans $500mn dollar-denominated bond sale
Mubasher
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has mandated several banks to arrange a group of meetings with investors for potential five-year US dollar-denominated bond sale worth $500 million, Reuters reported, according to a bank … Read the full story
OPEC's plan to boost oil prices is in trouble
Business Insider
OPEC and its allies have capped crude oil production since late 2016 to help reduce global inventory levels and underpin prices. OPEC is forecasting that supply growth from non-OPEC producers will now outstrip demand growth this year. Improved productivity and higher prices are contributing an increase in US crude supply. OPEC's attempts to underpin crude oil prices are being undermined by the US oil industry. In its latest oil market report released on Wednesday, the group revised up its Read the full story
Latest Israeli political crisis exposes fragile coalition
Al-Monitor
Prime Minister Benjamin Netanyahu’s maneuvering through the coalition crisis and early elections has broken whatever trust his coalition partners had in him and left him weaker. Read the full story
Saudi Arabia picks Citi, Goldman, HSBC, Morgan Stanley for new bond: sources
Reuters
Saudi Arabia has selected Citi, Goldman Sachs, HSBC and Morgan Stanley as the main banks that will arrange its next U.S. dollar bond issue, sources familiar with the matter said. Read the full story
AFRICA
Nigeria: OPEC Admits United States Shale May Crash Oil Price
AllAfrica
AllAfrica
(Photo: Vanguard) Abuja The Organisation of Petroleum Exporting Countries (OPEC) has admitted for the first time that the growing crude oil output from the United States (U.S.) may threaten the price of crude oil despite efforts to rebalance the market. OPEC, in its monthly report yesterday, upgraded expected supply from non-members, saying that the output was surging beyond expectations. Though the price inched up yesterday with Brent standing at $64.66 and U.S. West Texas Intermediate (WTI) at Read the full story
Zimbabwe: Patients Turned Away from Hospitals as Doctors Down Tools
AllAfrica
(Photo: Pixabay) Doctors at public hospitals across in Zimbabwe have downed their stethoscopes, vowing not to return to work unless their on-call allowances as well as other working conditions are improved. Patients were Tuesday being turned away at most public hospitals across the country because of the job action. Zimbabwe Hospital Doctors Association (ZHDA), a union representing over 1,000 medical practitioners, said the conditions under which doctors are operate are "senseless" such that Read the full story
Zimbabwe: Kadoma Youths Plant Banana Trees in Potholes to Get Roads Fixed
AllAfrica
AllAfrica
(Photo: VisionAfrica/Twitter) How do you get potholes to be fixed in your country? In the small town of Kadoma in Zimbabwe a creative way of protest has been successfully used. Residents protested by planting banana trees in the potholes and the protest bore fruits. Kadoma Municipality is now rehabilitating most of its roads after the protest. The goal of protesting is usually to force and push for change. Zimbabwean youths in the town of Kadoma planted banana trees and grass in potholes as a Read the full story
Zimbabwe: Absentee Farmers to Lose Farms, Warns Govt
AllAfrica
AllAfrica
Government has warned absentee farmers that they risk losing their farms after an assessment on farms is completed in two months. Speaking at the inaugural tobacco conference that was organised by Cardinal Chartered Accountants, Deputy Minister of Lands, Agriculture and Rural Resettlement Davis Marapira said farmers should take farming as a serious business, and this included employing professional managers. "When we allocated people land, you are all aware that we wanted the beneficiaries to be Read the full story
Zimbabwe: Residents Lock Out Rural Council CEO Linked to Grace Mugabe
AllAfrica
Local residents last week locked Wedza rural district council CEO out of his office and barred him from reporting for work, accusing him of corruption and supporting then Zanu PF Generation 40 (G40) faction. Scores of Wedza residents last Wednesday held a demonstration at the council offices where they disrupted operations before they locked J. Kundeya out of his office. Business at the council offices was brought to a standstill as angry residents accused Kundeya of using a council tractor and Read the full story
Zimbabwe: Central Bank Governor Mangudya Hails Bond Notes
AllAfrica
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says bond notes have been successful since they have helped companies to increase both production and exports. Dr Mangudya said this when he appeared before the Parliamentary Portfolio Committee on Finance and Economic Development yesterday. The introduction of bond notes in 2016, he said, was not meant to deal with cash shortages. "I said when bond notes fail to support export incentives in this country, I would resign and you know we Read the full story
ASIA
China Issues Largest Ever Fine Of $870M For Stock Market Manipulation
China Money Network
China Money Network
Chinese securities regulators has imposed the nation’s largest fine to date for stock market manipulation, in the latest effort by the Beijing government to crack down irregularities in the financial markets. Shanghai-based Beijiadao Group, the parent of Beibadao (Xiamen) Logistics Group, was fined about RMB5.5 billion (US$870 million) for manipulating the shares of newly listed companies, the China Securities Regulatory Commission said in a media briefing in Beijing late Wednesday. The penalty Read the full story
© Reuters. Asian equities were mixed on Thursday Read the full story
China, Russia welcome Korean peace drive: South Korean envoy
Reuters
China's President Xi Jinping offered encouragement for South Korea's initiative to nurture peaceful engagement with North Korea, and Russia also expressed support, the South Korean official leading diplomatic efforts said on Thursday. Read the full story
EUROPE
FTSE 100 edges up after string of losses, but Unilever falls after London HQ news
MarketWatch
MarketWatch
U.K. blue-chip stocks rise slightly, helped by gains for supermarket giant Tesco, as investors focused on the decision by Dutch-Anglo consumer goods giant Unilever to consolidate its two headquarters into a single Rotterdam base. Read the full story
UK's devolved nations see potential deal over post-Brexit power-sharing
Business Insider
First Minister of Wales, Carwyn Jones, and Scotland's First Minister Nicola Sturgeon attend a meeting of the Joint Ministerial Committee, chaired by Britain's Prime Minister Theresa May at 10 Downing Street, in London Thomson Reuters EDINBURGH (Reuters) - Scotland and Wales are within reach of a deal with the central government over power-sharing, Scotland's Nicola Sturgeon said on Wednesday, easing the pressure on the British government as it negotiates its exit from the European Union. Read the full story
Brexit HOPE as 'balanced' EU trade deal on the horizon as Brussels signals MAJOR shift
Express
BRITAIN’S Brexit hopes got a lift yesterday with signs the EU is shifting in favour of the kind of trade deal sought by Theresa May. A draft of a plan for the other 27 states to agree goes significantly further than previous wording. Negotiations between the European Commission and the UK are due to start once, as is hoped and expected, next week’s summit of EU leaders in Brussels agrees on a transition period designed to smooth the changeover. Read the full story
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CBI Update:
The CBI is closed on Friday.
The ISX is closed on Friday
3-15-2018 Newshound Guru Kaperoni I don't understand why so many are trying to figure out what the correct 2% spread is for the Market Rate? This is pretty simple.... The Official Rate at the CBI is 1184, you add the CBI commissions on auction currency of 6 dinars to reach 1190. The spread then is derived from this at 2% or 24 dinars making it 1214 to $1 or less to be in compliance. Based on today's numbers, they are within compliance.
3-15-2018 Newshound Guru G-Lin Article: "President Jubouri: Budget has become a law and will not be submitted to the House of Representatives again and the objectors can challenge the Federal Court" [So it sounds like the Budget is a Â?Done DealÂ?.] Well it looks like looks likeit's ready to be gazetted. At least that is what they say here.
3-15-2018 Newshound Guru G-Lin Article: "President Jubouri: Budget has become a law and will not be submitted to the House of Representatives again and the objectors can challenge the Federal Court" [So it sounds like the Budget is a Â?Done DealÂ?.] Well it looks like looks likeit's ready to be gazetted. At least that is what they say here.
3-15-2018 Intel Guru RayRen98 The Iraqi Parliament adjourned today without voting/passing on any laws due to a lack of quorum. Despair not, we are still within our open "window" of opportunity.
3-15-2018 Newshound/Intel Guru Mnt Goat Article: "The governor of the Central Bank Ali Alaq, on Tuesday, the agreement of Baghdad and Arbil to subject the banks in the Kurdistan region to under the control the Central Bank of Iraq , indicating that it was also agreed to avoid double taxation." ...this was one of the sticky points in the 2018 budget. Kurdistan already planned for taxing incomes, while the GOI via CBI also planned to tax the same income. So who get the taxes? The KRG again wanted to control the money, while the GOI said they have the right as the centralized government. So now it seems they have this settled.
3-15-2018 Newshound/Intel Guru BGG ...according to the IMF’s own published documents Iraq has been in compliance with their MCP policies for quite some time now, with the exception of one situation with Jordan (or someone like that)… but they were given a technical waiver on this one instance.
3-15-2018 Newshound/Intel Guru Mnt Goat Article: "The governor of the Central Bank Ali Alaq, on Tuesday, the agreement of Baghdad and Arbil to subject the banks in the Kurdistan region to under the control the Central Bank of Iraq , indicating that it was also agreed to avoid double taxation." ...this was one of the sticky points in the 2018 budget. Kurdistan already planned for taxing incomes, while the GOI via CBI also planned to tax the same income. So who get the taxes? The KRG again wanted to control the money, while the GOI said they have the right as the centralized government. So now it seems they have this settled.
3-15-2018 Newshound/Intel Guru BGG ...according to the IMF’s own published documents Iraq has been in compliance with their MCP policies for quite some time now, with the exception of one situation with Jordan (or someone like that)… but they were given a technical waiver on this one instance.
3-15-2018 Newshound Guru G-Lin Article: "The parliamentary economy of / Mawazin News /: the coming days the date of passing the law of oil and gas" Quote: "...the next few days will witness the vote on the laws of a very important, while noting that among these laws the law of oil and gas..." ...There's your basket of laws. Let's hope they can do it.
3-15-2018 Newshound/Intel Guru Mnt Goat So recently many asked me when is the 90 days up for the MCP monitoring program by the IMF? The reinstatement submittal was done in late December. No firm date is known. Get it? The article did not give us a date. If we give a week from the last week in December for the IMF to review Iraq’s request this puts us to at least the end of the year 2017. Then if they do place a mandatory monitoring program in place for the MCP we can see 90 days probably begins around Jan 1st. So if we go out 90 days then where do we land? So knowing all this then when do you think we might see it happen? ...no one knows the date of the RV, we only speculate and try to figure it out using the best information we have on hand at the time. It’s not rocket science to see a possible window coming up very soon...
d
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not on English side)
Prime Minister Dr. Haidar Al-Abbadi holds an extensive meeting with district directors and municipal units in the city of Baghdad
March 15, 2018
Prime Minister Dr. Haider Al-Abbadi held an extensive meeting with the district directors and municipal units in the city of Baghdad.
During the meeting, he said that Iraq has overcome a difficult stage and a serious existential and economic challenge, and we have emerged victorious and united. We must now work to harness all national capabilities and capabilities to provide services to citizens after the great victory achieved with the most sacrifices and the least potential.
Dr. Haider Al-Abbadi called on the directors of the municipal units and units in the city of Baghdad to follow up the field for every small and large and to be honest in promises to provide services and not to give false promises can not be met, and away from partisan loyalties or accelerate the work of electoral motives at the expense of quality, To make maximum use of the available resources, and called for the provision of appropriate services in return for collection and that the tax is not to take amounts without services with the need to stop waste.
On the problem of excesses, Dr. Haider al-Abadi said: "When we take into account the humanitarian situation of citizens, we must distinguish between the senior thieves who seized state land and the poor citizens in need of housing and any law legislated by parliament and benefiting from it. Pledging to chase the big thieves and recover the money they seized.
He also referred to a detailed explanation of the reality of the services provided by the Governor of Baghdad and Amina Baghdad and the managers of the municipal and municipal units. The necessary solutions were put in place in the field of services, water networks, sewerage, tiling and other basic services in and around the city of Baghdad.
The meeting was attended by the Minister of Planning, Reconstruction and Housing and the deputies of a number of ministries and officials in the service departments.
Prime Minister 's Media Office
March 15, 2018
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ARTICLE 1-B (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister Dr. Haider Abadi receives a telephone call from US Vice President Mike Bens
March 16, 2018
Prime Minister Dr. Haider Al-Abbadi received a telephone call from US Vice President Mike Bens.
Where he praised Mr. Bens led by Prime Minister Dr. Abadi in the victory against Da'ash, stressing the continued support of his country to Iraq and renewed US President Mubarak's victory with the great victory achieved on gangs.
Mr. Bens expressed his admiration for the vision of the Prime Minister and his leadership of the country and the achievement of community cohesion and his keenness to ensure the rights of all components of the Iraqi people, which he saw through the visit of Dr. Haider Abadi to Mosul.
Mr. Bens also praised the government's steps in reopening the Sulaymaniyah and Erbil airports for international flights and affirmed his country's support for the unity and sovereignty of Iraq, pointing out that the leadership of Dr. Haider al-Abadi in this file proved to all the Iraqi people not to discriminate to one component without another.
Dr. Haider al-Abadi stressed his keenness to consolidate democracy in Iraq and strengthen the institutions of the state and the importance of continuing the citizenship project to overcome sectarian and racist policies, praising the orientations of Iraqi youth, which aspires to hold free and fair elections to come out a new Iraq.
And stressed the sovereignty in a long-term step with the local government in Kurdistan aims to resolve all the problems between the center and the region and to feel the Kurdish people that is an essential part of the state and the Iraqi society, indicating that the government is in the process of paying salaries of the staff of the region.
Dr. Haidar al-Abadi said that Iraq now has a strong and strong army and military establishment and that the government is working to strengthen the rest of the state institutions. The aim is to reach a stable political situation to prevent foreign intervention that seeks to weaken state sovereignty.
He also stressed the plan to reduce the number of American advisers and trainers in Iraq after an overwhelming victory over the terrorist and that the presence of these trainers is limited to supporting Iraqi military and security institutions with international expertise in training and technical support.
Dr. Haidar al-Abadi stressed the importance of strengthening economic and trade relations between the two countries, as Iraq hopes the US administration to encourage the private sector to invest in Iraq.
Prime Minister 's Media Office
March 16, 2018
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ARTICLE 2
Labadi vows to chase the big thieves and recover the money they have seized
BAGHDAD, March 15 (KUNA) - Prime Minister Haidar al-Abadi held an extensive meeting with district directors and municipal units in the city of Baghdad, pledging to hunt down senior thieves and recover money they seized.
Abadi said in a statement to his press office that Iraq has passed a difficult stage and a serious existential and economic challenge, and we have emerged victorious and united, and we must now work to harness all the national capabilities and capabilities to provide services to citizens after the great victory achieved with the most sacrifices and the least potential.
During the meeting, Dr. Haider Al-Abbadi called on the directors of municipal departments and units in the city of Baghdad to follow up the field for every small and large and to be honest in promises to provide services and not to give false promises can not be met, and away from partisan loyalties or accelerate the work of electoral motives at the expense of quality, The maximum of available resources, and called on the Abbadi to provide appropriate services in return for collection and if the tax is not to take amounts without services with the need to stop waste.
Abadi said: "When we take into account the humanitarian situation of citizens, we must distinguish between the big thieves who seized the state land and the poor citizens who are in need of housing, and any law legislated by the parliament and benefiting from it, the senior thieves will appeal to it and also challenged the amnesty law that includes kidnappers and criminals. The senior thief and the money they seized.
Abbadi listened to a detailed explanation of the reality of services provided by the Governor of Baghdad and Amina Baghdad and the managers of the areas and municipal units. The solutions were developed in the field of services, water networks, sewage, tiling and other basic services in and around the city of Baghdad.
The meeting was attended by the Minister of Planning, Reconstruction and Housing and the deputies of a number of ministries and officials in the service departments
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ARTICLE 3
Deputy calls for parliament to dismiss infallible and "make it a lesson"
2018/3/16 8:34
[Ayna-Baghdad]
Called a deputy for a coalition of state law, the House of Representatives to dismiss the President of the Republic, Fuad Masum for refusing to approve the Financial Budget Law for 2018.
"It seems that infallible in the last days of his presidency, it seems to give us an eloquent lesson to the exclusion of quotas and consensualism when he was slightly biased towards his constituency," Awatif Nehma said in a statement. On the law of the general budget unless it includes the rate of 17% of the notorious and other astronomical privileges used to take the province [Kurdistan] rebel without an account or a book. She said.
"The statement issued by [Masum] to justify his racist position revealed this fact despite the paint and dyeing operations included in the statement to distract the people and laugh at the simple taste of the people." As she put it.
Nima pointed out that "Although the refusal of infallible ratification of the budget law is of no value in terms of constitutional, which does not exceed the declaration of a partisan position to satisfy the parties that brought him to this position, but in legal terms the Iraqi parliament, which did not respect the will to work to remove him and disarm Legitimacy of him in the remainder of the life of parliament to be a lesson and an example for every official running a sovereign position in the spirit of partisan or racial or sectarian, "as described.
The presidential press office announced on Tuesday that President Fuad Masoum decided to return the draft federal budget bill for 2018 to the House of Representatives "to review the form and content of the constitutional, legal and financial," noting that "there are about 31 points intersect with the legislation in force."
The presidential office explained that "the re-budget was the impact of experts and legal and financial advisers to study and scrutinize in detail to diagnose the most important constitutional, legal and financial irregularities of some of the articles or items or paragraphs that need to be addressed before ratification as well as to address any imbalance in its formality."
For his part, the Speaker of the House of Representatives Salim al-Jubouri on the decision infallible that "the budget became a law after the vote by the Council and any remarks can be fixed on the origin of the law and challenged in the Federal Court," stressing that "the budget will not be presented again to the House of Representatives will not be any paragraph To reconsider the vote at all. "
Parliament approved on Tuesday the budget bill estimated at 88 billion dollars and a deficit of about 10 billion dollars.
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ARTICLE 4
Iraq now has its first helicopter taxi catering for foreign investors
May 15, 2018 11:26 am
Baghdad (IraqiNew.com) An Iraqi aviation firm is now running the country’s first civilian helicopter transportation service across the country, targeting a secure ride for investors working there.
Al-Burhan Airways, based at Baghdad International Airport, says it is currently Iraq’s only company to run a helicopter taxi.
According to its website, the company runs commercial, corporate and private VIP helicopter flights throughout Iraq, with special focus on transportation of investors to oilfields. It also provides medical evacuation services.
The company launched its first flight late February. Back then, Iraqi aviation officials said they support the service and look forward to extending it to other provinces.
Middle East Online quoted company executives saying that the flights takeoff from Baghdad to carry customers from al-Rasheed Hotel, which locates inside the heavily-fortified Green Zone and serves as the main stop of foreign businessmen.
The website quoted Helmy Salama, head of lodging at AlRasheed Hotel, saying the new service will hopefully offer better prices compared to special security firms, and will spare customers the burdens and dangers of land transportation.
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ARTICLE 5
The bombing of 6 tunnels and two tunnels and 14 tunnels in Hawija
KIRKUK, March 15 (Reuters) - During a security operation at the Al-Rashed compound in the Hawija district, it was able to detonate six tunnels and two additional terrorist gangs, as well as the detonation of three double bombs.
"Another force managed to blow up 14 tunnels, a booby-trapped house and three double bombs in the village of Khardat in Hawija," it said in a statement. "Pointing out that" a security force of the Fifth Division, the Nineteenth Brigade and after the inspection of part of the tea valley and Zaklawa area in Kirkuk, in turn managed to detonate three explosive devices under control. " Ending A
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ARTICLE 6
Iraq selects Saddam's palace as location for U.S. University
Mar 15 2018 9:18am
Baghdad (IraqiNews.com) Authorities in Iraq have selected one of the presidential palaces as
the premise for the American University in Baghdad, officials were quoted saying on Thursday.
State-owned al-Sabaah newspaper quoted Ahmed al-Rubaye, director-general of the state
properties department, saying that the department, in coordination with a commission formed
by the cabinet on the management of state assets, selected the Radhwaniyah palace and the
surrounding territory for the establishment of the American University in Baghdad.
He said the measure also involves the execution of “strategic projects that make use of that
location for the purpose of investment”.
Radhwaniya is located to the west of Baghdad, and the presidential palace there was a main
residence for the former president’s family.A government committee is currently taking stock
of palaces and other properties belonging to late leader Saddam Hussein and his defunct
Baath Party.
The government has recently ordered the seizure of assets that belonged to Saddam Hussein
and more than 4,200 officials from his government and ruling party.
Last March, Iraq’s higher education minister, Abdul-Razeq Eissa agreed with the U.S.
ambassador to Baghdad to take steps towards the opening of an American university in the
Iraqi capital.
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ARTICLE 7
Learn about the secret of lung cleaning for smokers
BAGHDAD, March 15 (Reuters) - According to a recent study by scientists, a vegetable is a very important food component of health. Besides being a delicious food, it is a cleaner for a smoker's lung.
This type of vegetable is broccoli, which contains a substance that helps in the purification of the lung of the smoker, and is necessary to reduce the accumulation of the lungs in those who are considered to be serious smokers
The substance is known as Sulforaphane and is characterized by the ability to stimulate or speed up the connective activity, which is most important to the lung. White blood cells destroy bacteria and particles that are harmful to the respiratory system and impede its performance.
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