Word on the Street Friday 3/23/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,167.7000 | 1,167.7000 | 1,167.7000 | | 21:00 |
| USD/VND | | | 22,767.9000 | 22,448.0000 | 22,448.0000 | | 03:27 |
| USD/CNY | | | 6.3368 | 6.3155 | 6.3341 | | 07:02 |
| USD/KWD | | | 0.2992 | 0.2985 | 0.2992 | | 06:44 |
| GBP/USD | | | 1.4126 | 1.4087 | 1.4119 | | 07:03 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,793.0000 | 13,753.0000 | 13,756.0000 | | 07:00 |
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DC NY Iraq Articles:dd
Barzani: It is important to form a new political equation between Erbil and Baghdad
March 23, 2018
Former Kurdish President Massoud Barzani said in an interview with a US newspaper that he hoped that the steps of the Baghdad government would end the end of the suffering of the citizens of the region and rid them of difficult economic conditions
Barzani told the New York Times that he "hopes that the recent steps taken by the Iraqi government will help to rid the people of Kurdistan of the difficult economic conditions in which they live
Barzani added that it is important to form a new political equation on the basis of the common interests between Erbil and Baghdadd
Governor of Baghdad meets representatives of sit-ins and set a date to meet with the Secretary of the Council of Ministers
Friday, March 23, 2018
Baghdad Governor Atwan al-Atwani on Friday stressed the need to hold a meeting with the Secretary-General of the Council of Ministers for the purpose of discussing the demands of demonstrators in the area of laboratories east of Baghdad.
Al-Atwani said in a statement, received by "Al-Ghad Press", during a meeting with a number of dignitaries and representatives of the area of laboratories, and was discussed on their demands and the agreement to hold an emergency meeting of the Secretary-General of the Council of Ministers next Saturday
He said that "this meeting came in order to listen to the demands of the demonstrators and the possibility of providing services to that region, noting that it was also discussed on the provision of urgent services," stressing that "his government sought and still seeking through its demands to the federal government to expedite the rapid solutions to the problems of service And the launch of financial allocations to the province to start with its service plans and the implementation of projects pressing.
He added that "the province of Baghdad prepared plans to change the service reality and upgrading it in areas of the parties, but delaying the start of these plans the problem of disruption of the disbursement of financial allocations, despite obtaining the approval of the Prime Minister to implement new projects in all parts of the capital and excluding important projects and pressure from the decision to stop "He said.
He added that "the province of Baghdad prepared plans to change the service reality and upgrading it in areas of the parties, but delaying the start of these plans the problem of disruption of the disbursement of financial allocations, despite obtaining the approval of the Prime Minister to implement new projects in all parts of the capital and excluding important projects and pressure from the decision to stop "He said.
The resumption of work in the largest gas field west of Anbar.
BAGHDAD / South Korea's Kokaz has announced its willingness to resume work on the largest gas field in Iraq.
A statement by the Iraqi Oil Ministry said that Oil Minister Jabareli Luaibi met with the director of the Korean company Konsaz and the accompanying delegation. During the meeting, they discussed ways to enhance joint cooperation to develop the gas sector in Iraq.
The statement added that the oil minister listened to the steps taken by the company and the arrangements made to resume work in the field of Akkaz in Anbar province, stressing that the ministry is keen to create the right environment for work.
For his part, the director of the Korean company on the desire of the company to resume work and develop the gas sector in Iraq.
It is noteworthy that the field of crutches is located south of the city of Qaim west of Anbar province, the largest gas field in Iraq, storing 5.3 trillion cubic feet of natural gas, was discovered in 1981, and in 1983 discovered oil also in Akkaz.
A statement by the Iraqi Oil Ministry said that Oil Minister Jabareli Luaibi met with the director of the Korean company Konsaz and the accompanying delegation. During the meeting, they discussed ways to enhance joint cooperation to develop the gas sector in Iraq.
The statement added that the oil minister listened to the steps taken by the company and the arrangements made to resume work in the field of Akkaz in Anbar province, stressing that the ministry is keen to create the right environment for work.
For his part, the director of the Korean company on the desire of the company to resume work and develop the gas sector in Iraq.
It is noteworthy that the field of crutches is located south of the city of Qaim west of Anbar province, the largest gas field in Iraq, storing 5.3 trillion cubic feet of natural gas, was discovered in 1981, and in 1983 discovered oil also in Akkaz.
Kurdish deputy calls on the government to "economic pressure" on Turkey to stop its violations of Iraqi sovereignty
Friday, March 23,Alsumaria News / Baghdad
MP on the bloc of change Hoshyar Abdullah, on Friday, the Iraqi government "to lodge a complaint" in the UN Security Council against the continued Turkish aggression on Iraqi territory, while stressing the need to "pressure" Ankara economically and commercially and waving the denial of investment in Iraq.
"In the past period, specifically two months ago, the Iraqi government warned us of the danger of the Turkish expansionist agendas in Iraq and the blatant interference under the pretext of the existence of the PKK," Abdullah said in a press release. "The violation of Iraqi sovereignty by Turkey Is in collusion with the Kurdistan Democratic Party, as there is a group of Turkish camps inside Iraqi territory in areas controlled by the Kurdistan Democratic Party in particular. "
He added that "the Turkish attacks amounted to a degree of persistence to the point of targeting innocent citizens went out for a walk and celebrate the holidays of Noorz in a civilian non-military," noting that "the Iraqi government and unfortunately did not deal seriously with these ongoing attacks, as we were waiting for apostasy A much stronger act by Prime Minister Haider al-Abbadi and the Ministry of Foreign Affairs and related parties through a complaint in the Security Council against the Turkish side and its obligation to respect Iraqi sovereignty. "
"The time has come to put an end to the partisan and family relations with the Turkish side, which caused these attacks and the continuous violation of Iraqi sovereignty, and caused the smuggling of oil in the region for the benefit of Turkey and the interest of Recep Tayyip Erdogan personally," he said, pointing out that " Turkey behind the scenes has pushed Barzani towards this step, which they publicly condemned, and as usual the only beneficiary is Turkey and Erdogan. "
Abdullah stressed on the importance of the Iraqi government to lodge a complaint with the Security Council against this continuing Turkish aggression and to pressure Turkey to stop its violations of Iraqi sovereignty by pressing it economically and commercially and waving it out of investment in Iraq in all fields.
The Foreign Ministry condemned on Thursday the continuing attacks and violations on the Iraqi border by the Turkish forces, while confirming that these abuses "do not serve" the development of relations between the two countries.
Iraqi Foreign Minister Ibrahim al-Jaafari arrived in Ankara on Wednesday for talks with Turkish Foreign Minister Ahmed Yildiz.
Iraqis lose 77% of the value of their money in the siege
Shatha Khalil *
Economism is defined as "holding money and locking it out of circulation." It may be that money is buried or kept in boxes inside the house and is not taken out to trade in money and capital markets.
The prevalence of the phenomenon of compactness in developing countries is due to the weakness of the banking culture, which generates a vicious circle of forces that are opposite to the movement of economic and social development. Data of underdevelopment widen the phenomenon of stagnation, which leads to a reduction in the volume of positive savings, , And the economic and social development movement necessary for the development of Third World countries.
One of the negative effects of hoarding and its impact on economic activity in developing countries is the division of income according to economic considerations into two parts: a section that spends on consumer requirements, and another goes to savings.
If, in the short term, income is assumed to be constant, the individual can only increase his savings by reducing his consumption expenditure.
Economism is defined as "holding money and locking it out of circulation." It may be that money is buried or kept in boxes inside the house and is not taken out to trade in money and capital markets.
The prevalence of the phenomenon of compactness in developing countries is due to the weakness of the banking culture, which generates a vicious circle of forces that are opposite to the movement of economic and social development. Data of underdevelopment widen the phenomenon of stagnation, which leads to a reduction in the volume of positive savings, , And the economic and social development movement necessary for the development of Third World countries.
One of the negative effects of hoarding and its impact on economic activity in developing countries is the division of income according to economic considerations into two parts: a section that spends on consumer requirements, and another goes to savings.
If, in the short term, income is assumed to be constant, the individual can only increase his savings by reducing his consumption expenditure.
In Iraq, the governor of the Central Bank Ali al-Aalak said that the phenomenon of financial strangulation outside the banking system is dangerous, as 77% of the currency traded outside the system of the banking system is in a state of exhaustion. In order to employ these resources and pay them towards savings and the direction of the banking sector, And wide at all levels. "
The economic expert Raed Fahmy, "Securing internal resources and mobilizing in the case of savings is very important, and this poses a serious risk and concern for the funds in the case of hoarding"
He pointed out that "the state of compactness means there is a lack of confidence in the banking sector in attracting deposits and this is a major challenge because it is not only a financial and administrative challenge, but also harms the economic reality and the security reality and the political reality.
The director general of financial operations and debt management in the Central Bank of Iraq, Dr. Mahmoud Dagher, said that the lack of confidence of the citizen banks face all backward countries, including Iraq, where private banks grew in an unstable situation and despite all the changes and improvements, but banks are still unable On the confrontation, and we are still witnessing the dominance of government banks such as Rafidain and Rashid, on most deposits and banking assets and therefore this created a dilemma for private banks to play their part.
Dagher pointed to "bank irregularities of the instructions of the Central Bank, especially in the sale of the dollar, pointing to the transformation of Iraq into a market economy, which of its conditions supply and demand.
He pointed out that there is high demand for the dollar because of instability and can not be restrained pointing out that previously the central bank before 2014 covers all the quantity and now we do not cover the amount required by importers or those with assets or foreign transfers and this pressure, the economy
The citizens' lack of confidence in banks is due to the following:
• The government does not pay the dues of the private sector, contractors and farmers, despite the passage of years of maturity, in addition to the lack of cash liquidity in banks, especially the civil ones, when reviewing the citizen to withdraw funds shocked the inability of the bank to meet its dues.
• The Iraqi citizen loses about 5% of his money because of exchange rate difference once deposit money in dollars in his bank account and then withdrawn, and this is a great suffering it, and the central bank to monitor the private banks and government in the installation and set a fixed ceiling for the amount of exchange foreign currency but note that there Manipulation and corruption in this matter.
• The most serious situation faced by citizens with private banks is that they close and close their doors without warning and without any legal accountability to them, so we see that most citizens have fled dealing with private banks.
• The delay in the service and not keep pace with some banks to modernity and routine in the private banking system, which was supposed to overcome, and these things have their role and impact.
• Lack of awareness among individuals of the importance of a private banking sector. This view means the need to expand the scope of financial coverage, which means the delivery of banking services to all citizens, whether in the government or private sector.
The economic expert Raed Fahmy, "Securing internal resources and mobilizing in the case of savings is very important, and this poses a serious risk and concern for the funds in the case of hoarding"
He pointed out that "the state of compactness means there is a lack of confidence in the banking sector in attracting deposits and this is a major challenge because it is not only a financial and administrative challenge, but also harms the economic reality and the security reality and the political reality.
The director general of financial operations and debt management in the Central Bank of Iraq, Dr. Mahmoud Dagher, said that the lack of confidence of the citizen banks face all backward countries, including Iraq, where private banks grew in an unstable situation and despite all the changes and improvements, but banks are still unable On the confrontation, and we are still witnessing the dominance of government banks such as Rafidain and Rashid, on most deposits and banking assets and therefore this created a dilemma for private banks to play their part.
Dagher pointed to "bank irregularities of the instructions of the Central Bank, especially in the sale of the dollar, pointing to the transformation of Iraq into a market economy, which of its conditions supply and demand.
He pointed out that there is high demand for the dollar because of instability and can not be restrained pointing out that previously the central bank before 2014 covers all the quantity and now we do not cover the amount required by importers or those with assets or foreign transfers and this pressure, the economy
The citizens' lack of confidence in banks is due to the following:
• The government does not pay the dues of the private sector, contractors and farmers, despite the passage of years of maturity, in addition to the lack of cash liquidity in banks, especially the civil ones, when reviewing the citizen to withdraw funds shocked the inability of the bank to meet its dues.
• The Iraqi citizen loses about 5% of his money because of exchange rate difference once deposit money in dollars in his bank account and then withdrawn, and this is a great suffering it, and the central bank to monitor the private banks and government in the installation and set a fixed ceiling for the amount of exchange foreign currency but note that there Manipulation and corruption in this matter.
• The most serious situation faced by citizens with private banks is that they close and close their doors without warning and without any legal accountability to them, so we see that most citizens have fled dealing with private banks.
• The delay in the service and not keep pace with some banks to modernity and routine in the private banking system, which was supposed to overcome, and these things have their role and impact.
• Lack of awareness among individuals of the importance of a private banking sector. This view means the need to expand the scope of financial coverage, which means the delivery of banking services to all citizens, whether in the government or private sector.
The financial and economic adviser, Dr. Mazhar Mohammed Saleh, said that the manifestations of the compactness in Iraq take different dimensions, namely: self-compactness such as gold, jewelry and precious valuables, and the Iraqi dinar, which accounts for 77% of the currency exported outside the Central Bank of Iraq.
The stifling weakens the strength of the national economy by diverting its savings, which support the income and production dues, to stumbling leaks, in the income cycle, or weaken production opportunities and sustain economic activity.
Here is the demand for cash or money-like wealth for the purpose of hedging "uncertainties".
The history of the Iraqi banking has witnessed during the last century the phenomenon of exchanging gold in paper currency by placing gold as a hostage at the jeweler, or moneylenders for a riba interest, as the demand for money here helps through the guarantee of gold by extracting formal money from the cycle of monetary leaks to the spending cycle, Economic, but with illegal market instruments, and thus demand for cash for purposes of transactions but for courses of income is not necessarily complete and does not lead to real economic balance.
Saleh pointed to an important event in the history of the Iraqi economy, in the sixties of the last century, was established a government bank called the Mortgage Bank / a legal and official alternative to the phenomenon of moneylenders and the whole market is illegal, which provides loans guaranteed gold guaranteed by the Bank of mortgages, To keep the gold held by the Borrower until the maturity of the Loan or to pay for interest charged by the Borrowing Bank to cover the operating costs and part of the risk of fluctuating the value of the same security of the jewelery and gold bars occupied.
Saleh highlights the bank's cancellation at the beginning of the 1970s for unknown reasons.
Banks remained in a semi-banking relationship with customers in the provision of services, as bank funds or personal bank vaults remained available to citizens and available for use within each bank, especially the government, including Rafidain and Rashid.
The citizen can keep his precious resources and important documents in safe places with 100% safety, for a monthly or annual fee.
The absence of this safe service cut off one of the bonds between the citizen and the bank as an entity that preserves the wealth of the society and strengthens the connection between the citizen and the bank.
The stifling weakens the strength of the national economy by diverting its savings, which support the income and production dues, to stumbling leaks, in the income cycle, or weaken production opportunities and sustain economic activity.
Here is the demand for cash or money-like wealth for the purpose of hedging "uncertainties".
The history of the Iraqi banking has witnessed during the last century the phenomenon of exchanging gold in paper currency by placing gold as a hostage at the jeweler, or moneylenders for a riba interest, as the demand for money here helps through the guarantee of gold by extracting formal money from the cycle of monetary leaks to the spending cycle, Economic, but with illegal market instruments, and thus demand for cash for purposes of transactions but for courses of income is not necessarily complete and does not lead to real economic balance.
Saleh pointed to an important event in the history of the Iraqi economy, in the sixties of the last century, was established a government bank called the Mortgage Bank / a legal and official alternative to the phenomenon of moneylenders and the whole market is illegal, which provides loans guaranteed gold guaranteed by the Bank of mortgages, To keep the gold held by the Borrower until the maturity of the Loan or to pay for interest charged by the Borrowing Bank to cover the operating costs and part of the risk of fluctuating the value of the same security of the jewelery and gold bars occupied.
Saleh highlights the bank's cancellation at the beginning of the 1970s for unknown reasons.
Banks remained in a semi-banking relationship with customers in the provision of services, as bank funds or personal bank vaults remained available to citizens and available for use within each bank, especially the government, including Rafidain and Rashid.
The citizen can keep his precious resources and important documents in safe places with 100% safety, for a monthly or annual fee.
The absence of this safe service cut off one of the bonds between the citizen and the bank as an entity that preserves the wealth of the society and strengthens the connection between the citizen and the bank.
Saleh called on the Iraqi Central Bank to conduct a study, grant a license to the Iraqi Bank of Mortgages, to mortgage gold and jewelry for cash money (which boosts bank credit and turns quasi-fortified wealth into a guarantor in generating demand for money for transaction purposes and supporting economic activity.
This promised one of the institutional channels in the elimination of the phenomenon of compactness like money and other, and maximize the atmosphere of confidence between banks and citizens, to receive their gold jewelry and other valuable valuables in the vaults at the banks for soft wages.
The citizens demanded the establishment of a deposit guarantee company to reassure their bank deposits of the risks of banks 'exposure and failures; because it reduces the demand for liquid cash as a catalyst, which is an unstable, highly concerned function that is highly correlated with the interpretation of uncertainty in individuals' demand for cash in its rolling form Or quasi-money, and to prevent the entry of the cycle of income and deprivation cycle of economic activity.
This promised one of the institutional channels in the elimination of the phenomenon of compactness like money and other, and maximize the atmosphere of confidence between banks and citizens, to receive their gold jewelry and other valuable valuables in the vaults at the banks for soft wages.
The citizens demanded the establishment of a deposit guarantee company to reassure their bank deposits of the risks of banks 'exposure and failures; because it reduces the demand for liquid cash as a catalyst, which is an unstable, highly concerned function that is highly correlated with the interpretation of uncertainty in individuals' demand for cash in its rolling form Or quasi-money, and to prevent the entry of the cycle of income and deprivation cycle of economic activity.
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Kauaihn Iraq Articles:dddddd
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AFTER THE WAR; No Electricity but Kuwait Reopens Its Banks
By DONATELLA LORCH, Special to The New York Times
Published: March 25, 1991
Published: March 25, 1991
It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency.
Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money.
Without electricity, the banks services were slow, limited to money exchange and withdrawal. There was no telex, no electronic money transfer and no telephones. The computers were unusable, so all transactions had to be entered by hand.
"It's like going back 20 years," said Mohammed al-Yahya, the manager of the Commercial Bank of Kuwait, the nation's second-largest bank. Seized Dinars Canceled.
The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis. The invalid serial numbers were posted today in front of all banks in the city.
All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
Although it is severly handicapped without electricity, the Commercial Bank, like many other major banks, was able to open for business because its records had been saved from the Iraqis. Mr. Yahya hid the bank's balance sheets in his home and sent its computer records to London via Syria with an Indian employee, who packed the tapes into the back of a trailer.
The banks also face serious personnel shortages. Only 11 of the Commercial Bank's 35 branches opened today, with 137 out of 1,300 workers.
Before the Iraqi invasion, only 17 percent of the bank's staff was Kuwaiti. Many of the foreign workers -- Jordanians, Palestinians and Indians -- fled and now cannot re-enter the country.
For those exchanging money today, there was little they could buy in Kuwait. Many of those in line said they planned to use their money for vacations or for shopping trips to Saudi Arabia to buy generators and food.
"I need to get away from this pressure," said Abdul Mohammed Hussein, a computer engineer in his early 40's who said he was withdrawing 1,500 new dinars to take a vacation in the United Arab Emirates. "Everywhere you go you find lines. At the supermarket, you find lines. To get petrol for the car, you find lines."
Abdul Hamed al-Atar, a 50-year-old retired Interior Ministry official, said this was the first time he had set foot in a bank since September, and he seemed relieved. "Kuwaits always keep a lot of cash with them," he said as he was handed crisp new piles of money that he stuffed into a small bag. "It's a comfort to have money in my hands."
Photo: As Kuwaiti banks opened for the first time in months, a group waited in line to change old banknotes for new. New currency was printed to replace stocks of previous notes looted during the Iraqi occupation. (Agence France-Presse)
The European Parliament hosts an international conference on the empowerment of the Faily Kurds
The European Parliament will host the third international conference of the Faily Kurds to be held on April 12 According to a statement by the National Congress of Kurdistan (KNK), the main theme of this conference will be the challenge of how to enable the local community of the Fili Kurds along with other minorities to promote the historical path to peaceful coexistence under new circumstances, Economic and cultural rights.
The conference will include interviews and research for academics and politicians, including Saad Eddin Ibrahim, the American University Academy in Cairo, Professor Martin von Bruinsen, University of Utrecht and Professor Thomas Schmidinger, Judge Alaa Jawad Humaid Al-Saadi.
The elephants are part of Kurdish nationalism. They lived for thousands of years on both sides of the Iraqi-Iranian border. They now live mainly in the area from Khanaqin north to Amara south, in Iran mainly living in the provinces of Ilam and Kermashan.
.And is distributed Filion numbers not few in the capitals of Baghdad and Tehran in addition to the province of Kurdistan, and there is no official statistics to prepare them.
The phillions and their geographical area were subjected to stages of genocide and displacement in stages in the 1970s and 1980s. .
The conference will include interviews and research for academics and politicians, including Saad Eddin Ibrahim, the American University Academy in Cairo, Professor Martin von Bruinsen, University of Utrecht and Professor Thomas Schmidinger, Judge Alaa Jawad Humaid Al-Saadi.
The elephants are part of Kurdish nationalism. They lived for thousands of years on both sides of the Iraqi-Iranian border. They now live mainly in the area from Khanaqin north to Amara south, in Iran mainly living in the provinces of Ilam and Kermashan.
.And is distributed Filion numbers not few in the capitals of Baghdad and Tehran in addition to the province of Kurdistan, and there is no official statistics to prepare them.
The phillions and their geographical area were subjected to stages of genocide and displacement in stages in the 1970s and 1980s. .
Kurdish deputy calls for Baghdad to file an international complaint against Turkey
March 23, 2018
MP on the bloc of change Hoshyar Abdullah, on Friday, the central government to lodge a complaint in the UN Security Council against the continued Turkish aggression on Iraqi territory, indicating that the martyrdom of 4 civilians in the Balkaiti area in Erbil yesterday comes as a series of crimes committed by Turkey against unarmed civilians inside Kurdistan.
"In the last period, specifically two months ago, the government warned us against the danger of the Turkish agendas in Iraq and the blatant interference under the pretext of the existence of the PKK," he said in a statement. "The violation of Iraqi sovereignty by Turkey is carried out with the complicity of the Democratic Party Kurdistan, as there are a group of Turkish camps inside Iraqi territory in areas controlled by the Kurdistan Democratic Party in particular. "
Abdullah said: "The Turkish attacks reached a degree of persistence so that the situation reached the targeting of innocent citizens went out for a walk and celebrate the holidays of Nooruz in a civilian non-military, but the government unfortunately did not deal seriously with these ongoing attacks, as we were waiting for a much stronger reaction before Prime Minister Haider al-Abadi and the Ministry of Foreign Affairs and related parties through a complaint in the Security Council against the Turkish side and obligate him to respect Iraqi sovereignty. "
He added: "The time has come to put an end to the partisan and family relations with the Turkish side, which caused these attacks and the continuous violation of Iraqi sovereignty. It also caused the smuggling of the region's oil in the interest of Turkey and the interest of Recep Tayyip Erdogan personally. Even the referendum issue, Turkey behind the scenes to push Barzani towards this step, which they condemned in public, as usual usual beneficiary is the Turkish side and Erdogan. "
Abdullah stressed: "The importance of the Iraqi government to lodge a complaint with the Security Council against this ongoing Turkish aggression, and put pressure on Turkey to stop its violations of Iraqi sovereignty through pressure on them economically and commercially and waving the denial of investment in Iraq in all fields."
"In the last period, specifically two months ago, the government warned us against the danger of the Turkish agendas in Iraq and the blatant interference under the pretext of the existence of the PKK," he said in a statement. "The violation of Iraqi sovereignty by Turkey is carried out with the complicity of the Democratic Party Kurdistan, as there are a group of Turkish camps inside Iraqi territory in areas controlled by the Kurdistan Democratic Party in particular. "
Abdullah said: "The Turkish attacks reached a degree of persistence so that the situation reached the targeting of innocent citizens went out for a walk and celebrate the holidays of Nooruz in a civilian non-military, but the government unfortunately did not deal seriously with these ongoing attacks, as we were waiting for a much stronger reaction before Prime Minister Haider al-Abadi and the Ministry of Foreign Affairs and related parties through a complaint in the Security Council against the Turkish side and obligate him to respect Iraqi sovereignty. "
He added: "The time has come to put an end to the partisan and family relations with the Turkish side, which caused these attacks and the continuous violation of Iraqi sovereignty. It also caused the smuggling of the region's oil in the interest of Turkey and the interest of Recep Tayyip Erdogan personally. Even the referendum issue, Turkey behind the scenes to push Barzani towards this step, which they condemned in public, as usual usual beneficiary is the Turkish side and Erdogan. "
Abdullah stressed: "The importance of the Iraqi government to lodge a complaint with the Security Council against this ongoing Turkish aggression, and put pressure on Turkey to stop its violations of Iraqi sovereignty through pressure on them economically and commercially and waving the denial of investment in Iraq in all fields."
Extension of the German army mission in Iraq
The German parliament approved the extension of the German army's training mission to support the war on an organized organization in Iraq and the extension of the German forces' mission in Afghanistan.
On Thursday evening, the majority of the ruling coalition voted to extend the mandate of German troops in the war to a pre-emptive organization in Iraq, with 359 votes in favor, 218 against and 79 abstentions.
He opposed the government's request to extend the army's task to the left, the Greens and the German alternative, while the Free Democratic Party abstained.
The opposition fears the German army is sliding into the conflict between Kurds and the Iraqi central government in Baghdad.
The German parliament agreed to send more troops to Afghanistan, where he also voted on Thursday evening to request the extension and expansion of the army's participation in the mission of NATO, "NATO" there.
A total of 447 lawmakers voted in favor of the resolution, while 180 abstained and 16 abstained.
Parliament has agreed to increase the number of troops involved in the mission in Afghanistan from 980 troops so far to up to 1300 due to the fragile security situation in Afghanistan.
The arrival of air defense systems and Russian armored vehicles to Iraq
Editorial Date: 2018/3/23 11:29 • 173 times read
Baghdad: An Iraqi military source revealed that shipments of arms, ammunition, air defense systems and armored vehicles arrived from Russia to the port of Umm Qasr in Basra province for the Iraqi army.
The source added that "short-range and long-range air defense systems, along with armored wheels, tankers, weapons and various equipment arrived at the port of Basra coming from Russia," according to the agency "Anatolia".
He explained that "the shipment of weapons emptied ready to be transferred to the positions of the Iraqi army," at an unspecified time.
The source did not specify the size or number of weapons and equipment mentioned or the deal that falls within or cost.
Iraq has received last month 36 tanks of the model {T90S}, within the Russian contract out of 73 tanks will be fully received next April in a contract concluded last year.
The Iraqi army has US-made Abrams tanks, Russian tanks, Russian and American armored personnel carriers, and a sophisticated fleet of US F-16 fighter jets, Soviet-Russian fighter jets and Korean fighters.
He explained that "the shipment of weapons emptied ready to be transferred to the positions of the Iraqi army," at an unspecified time.
The source did not specify the size or number of weapons and equipment mentioned or the deal that falls within or cost.
Iraq has received last month 36 tanks of the model {T90S}, within the Russian contract out of 73 tanks will be fully received next April in a contract concluded last year.
The Iraqi army has US-made Abrams tanks, Russian tanks, Russian and American armored personnel carriers, and a sophisticated fleet of US F-16 fighter jets, Soviet-Russian fighter jets and Korean fighters.
Iraq condemns continuing abuses on its borders by Turkish forces
Editorial date: 2018/3/22 18:32
{Baghdad: Al-Furat News} condemned Iraq continued abuses on its borders by the Turkish forces.
"The Iraqi Ministry of Foreign Affairs condemns the continued attacks and violations on the Iraqi border by the Turkish forces, the latest of which was the shelling of the villages of Mawan, Qassan and Sarkinan in the district of Suran in the province of Arbil," said Foreign Ministry Spokesman Ahmed Mahjoub in a press statement. To the death of a number of unarmed civilian citizens. "
"The Ministry deplores the continuation of these abuses that affect the unarmed civilians of our children in Kurdistan, which does not serve the development of relations between the two neighboring countries, it confirms its position rejecting the presence of any troops on Iraqi territory or the attempt to carry out military operations by any neighboring country."
"The Ministry deplores the continuation of these abuses that affect the unarmed civilians of our children in Kurdistan, which does not serve the development of relations between the two neighboring countries, it confirms its position rejecting the presence of any troops on Iraqi territory or the attempt to carry out military operations by any neighboring country."
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Is Social Security Taxed? Here's What You Need to Know
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CNBC
The number of new millionaires and the total population of millionaires in the U.S. set a record. Read the full story
Here's how much it costs a single person to live in the 15 largest US cities
CNBC
Want to get by on your own in places like Dallas, Chicago and New York? Here's what it'll cost. Read the full story
OIL/COMMODITIES/ENERGY
Gold Prices near Two-Week Highs on Fed Decision, Trade Fears
Investing.com
Investing.com
© Reuters. Gold prices near two-week highs on Fed decision, trade fears Read the full story
Gold Prices Sidestep Rate-Hike Expectations Amid Dollar Weakness
Investing.com
Investing.com
Commodities Mar 21, 2018 17:47 GMT Investing.com – Gold prices rose to a nearly one-week high amid dollar weakness despite the prospect of a more hawkish Federal Reserve outcome as the central bank is widely expected to hike rates. Gold futures for April delivery on the Comex division of the New York Mercantile Exchange rose by $9.90, or 0.75%, to $1,321.80 a troy ounce. With just hours to go until the Federal Reserve reveals - at 2 p.m. ET - what many investors expect will be a 0.25% rate hike, Read the full story
Oil Prices Drop From 7-Week High Amid Rising U.S. Output
© Reuters. Oil pulls back amid rising U.S. output Read the full story
Oil Prices Extend Strong Gains After Bullish U.S. Stockpile Data
Investing.com
Investing.com
© Reuters. Oil adds to gains after weekly supply data Read the full story
Crude Oil Prices Settle Higher After Unexpected Fall in US Crude Supplies
Investing.com
Forex Mar 21, 2018 18:40 GMT Investing.com – WTI crude oil prices settled higher as data showed an unexpected draw in crude supplies, snapping a three-week streak of rising crude stockpiles, offset continued rise in production. On the New York Mercantile Exchange crude futures for May delivery rose 2.6% to settle at $65.17 a barrel, while on London’s Intercontinental Exchange, Brent rose 3.13% to trade at $69.53 a barrel. Inventories of U.S. crude fell by 2.622 million barrels for the week ended Read the full story
BANKS/BANKING/CREDIT
Tips and tricks to picking the right credit card
9news.com.au
9news.com.au
Credit card reward programs might have lost a bit of their shine but there are still plenty worth joining. Last year's government crackdown on interchange fee regulations saw a number of financial institutions slashing their rewards programs. Westpac, ANZ and NAB axed their customers' Amex reward cards, limiting their ability to earn points. This has left people looking for new bonuses and new cards, and the good news - according to a number of experts - is that there are still some out there. Read the full story
How Federal Reserve rate hike will affect mortgages, auto loans, credit cards
USA TODAY
The Federal Reserve interest rate hike will affect consumer borrowing costs: Credit cards, adjustable-rate mortgages, home equity lines most affected. Read the full story
Why Your Bank Needs You More Than You Think
Markets & Money
It is these accounts, which pay little or no interest, that form the basis of our banking system. Without this cheap and easy source of finance, banks would have to pay more to secure funding (from which it lends). And that means our mortgage rates would be higher. The post Why Your Bank Needs You More Than You Think appeared first on Markets and Money. Read the full story
This is how much more Jamie Dimon makes than his average employee
New York Post
JPMorgan Chase Chief Executive Jamie Dimon makes 364 times what the median employee at his bank does, putting him near the top among Wall Street honchos, according to a new pay study. The ratio at major banks is higher only at Citigroup, where Michael Corbat makes 369 times what the median employee makes, according to their proxy. The bank paid Dimon, a billionaire, $28.3 million last year, including benefits, while the median employee made $77,799 including health care and retirement benefits, Read the full story
How much you can earn in your first year at Goldman Sachs, JPMorgan and other big investment banks
Business Insider
Banking is renowned for its high levels of compensation. In return for long hours and often punishing work, bankers tend to be very generously remunerated. That's particularly true in investment banking - generally seen as the pinnacle of the industry, especially for graduates trying to get into the industry. According to a report from recruitment firm Dartmouth Partners out this week, the average first year analyst working for a major bank earns around £72,000. That's a lot more than graduate Read the full story
Central Bank Money Rules the World - The Daily Reckoning
Daily Reckoning
This post Central Bank Money Rules the World appeared first on Daily Reckoning. Central bank credit that supports markets — is not just creation of the Fed, but by central banks and institutions around the world colluding together. Global markets are too deeply connected these days to consider the Fed in isolation. Since last month’s correction, the world has been watching the Fed because its policies have global implications. And worldwide sell-offs sent a clear sign to Fed Chair Powell to Read the full story
Bank accounts could disappear within 15 years according to one of Deutsche Bank's most senior execs
Business Insider
Marcus Schenck, co-head of investment banking at Deutsche Bank Reuters One of Deutsche Bank's most senior executives said that bank accounts could be obsolete within 15 years. Marcus Schenck, Deutsche's co-head of corporate and investment banking, said that a recent trip to China had opened his eyes to the fact that the retail banking sector is rife for disruption, "There's a thesis that at some stage in 5, 10, 15, 20 years - who knows - accounts will disappear, and be replaced," he said. LONDON Read the full story
UBS pays up to $230 million for selling faulty mortgage loans
New York Business Journal
Other banks have also settled, including J.P. Morgan Chase & Co. ($13 billion); Bank of America Corp. ($16.6 billion) and Citigroup Inc. ($7 billion). Read the full story
Hong Kong’s monetary authority raises lending rate to 2 per cent to defend peg, raise mortgages
South China Morning Post
Thursday, 22 March 2018, 7:30:AM The Hong Kong Monetary Authority yesterday raised the city’s base lending rate, in lockstep with a similar increase by the US Federal Reserve to defend the local currency’s peg and add upwards pressure to mortgage payments linked to interbank rates. The base lending rate rose by 25 basis points to 2 per cent, matching an increase of the same quantum by the US central bank. Mortgage payments linked to the Hong Kong Interbank Offered Rates, or Hibor, would increase Read the full story
TREASURIES/BONDS/STOCKS
10-year Treasury yield falls lower after topping 2.9% on the Fed’s rate hike
CNBC
CNBC
U.S. government debt prices were sharply higher on Thursday. Read the full story
Top 5 Things to Know in the Market on Thursday
Investing.com
© Reuters. Top 5 Things to Know in the Market on Thursday Read the full story
The analyst who called the correction now sees a bear market starting within a year
CNBC
Stifel tells clients to prepare for a big market decline and buy defensive stocks. Read the full story
Wall Street is nervous about a trade war: Dow sinks 300 points
CNN Money
Trade war fears are rattling Wall Street as President Trump prepares to launch a sweeping crackdown on China. Read the full story
Watch the Fed's GDP tracker for signs stock earnings growth is about to peak
CNBC
GDP is the best read the stock market has on whether peak earnings will arrive sooner than expected. If the GDPNow tracker disappoints again, it's time to sell some holdings. Read the full story
Dow Drops Because Tariffs Are Scarier Than the Fed
Barron's
We also highlight big moves in AbbVie and Guess, and wonder what’s happens to General Mills following yesterday’s massive drop. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin relief rally continues, but what’s driving it is up for debate
MarketWatch
MarketWatch
The relief rally in cryptocurrencies continues its run with the No. 1 digital currency on pace for its third consecutive winning day to start the week. Read the full story
UK launches task force to scrutinize cryptocurrencies
CNBC
U.K. Finance Minister Philip Hammond will speak about the government's fintech strategy at a conference organized by the Treasury on Tuesday. Read the full story
Bitcoin Will Become a Powerful World Currency, Says Twitter CEO Jack Dorsey
Newsweek
Dorsey was speaking at an event for his company Square in London's British Library. Read the full story
Pablo Escobar's Brother Launches New Cryptocurrency
Complex
Mar 21, 2018 Ever since Bitcoin soared in value, becoming more valuable than things such as Disney or McDonald's, cryptocurrencies have started to gain serious popularity. (It should be noted that Bitcoin's value has since taken a sizable dip.) As a result, lots of people tried to get in on the action. There was news of a Lil Uzi Vert-inspired cryptocurrency called Dripcoin and 50 Cent allegedly made an accidental $7 million dollars after deciding to accept Bitcoin as payment for his Animal Read the full story
G-20 Sparks Optimism for Bitcoin Growth
Bloomberg
LDJ Capital founder and Chairman, David Drake, explains why Bitcoin may be valued at $30k by year end. He speaks with Bloomberg's Selina Wang on "Bloomberg Technology." Read the full story
Bitcoin relief rally continues, but what’s driving it is up for debate
MarketWatch
The relief rally in cryptocurrencies continues its run with the No. 1 digital currency on pace for its third consecutive winning day to start the week. Read the full story
CURRENCIES
Forex - Dollar at 1-Month Lows as Fed, Trade Concerns Weigh
Investing.com
Investing.com
© Reuters. Dollar at 1-month lows as Fed, trade concerns weigh Read the full story
Dollar drops the most in nearly 2 months, gold jumps as Fed raises concerns about trade policy
CNBC
The U.S. dollar had its biggest one-day decline in nearly two months on Wednesday amid concerns the U.S. could ignite a trade war with China and on doubts about the Fed's outlook. Read the full story
Dollar on defensive after Fed, trade worries nag shares
Reuters
The U.S. dollar was on the defensive on Thursday after posting its largest loss in two months when the Federal Reserve turned out to be less hawkish than anticipated. Read the full story
Mexican peso, Canadian dollar jump on optimism for NAFTA deal
CNBC
The Canadian dollar and Mexican peso rose against the U.S. dollar on optimism the U.S. may be softening some of its hard-line stance in the renegotiation of the North American Free Trade Agreement. Read the full story
Pound to euro exchange rate: GBP boosted by better than expected UK wage data
Express
THE POUND has seen a rise against the euro this morning after the UK wage data beat the 2.6 per cent increase that was forecast. A further rise could be on the horizon if the BoE announces later today it will hike interest rates in May. The GBP is fairing well again against the euro today after the UK received better than expected wage data. The latest Bloomberg figures report the GBP/EUR exchange rate to be 1.1455 this compares to yesterday’s figures of 1.1421. Read the full story
Pound trades around 7-week high ahead of BOE call
MarketWatch
The pound traded close to seven-week high against the dollar on Thursday, heading higher after stronger-than-expected U.K. retail sales and as traders waited for the latest Bank of England announcement. Read the full story
Rupee strengthens against US dollar in early trade
Livemint
Mumbai: The Indian rupee and Asian currencies on Thursday strengthened against US dollar after the Federal Reserve stuck to its outlook of three rate hikes this year. Read the full story
On the night he nearly died, this man resorted to leaving the ER to call 911 for help
CBC News
CBC News
It was the fourth time in a month David Doucette had been to the Halifax Infirmary emergency department. He is using his tale of surviving Stage 4 lymphoma to put a face on what he calls the Nova Scotia's health-care crisis. Read the full story
Bacteria may promote pancreatic cancer by suppressing the immune system
Science Magazine
Bottom Line: Bacterial load was significantly higher in pancreatic tumor samples from patients with pancreatic ductal adenocarcinoma compared with pancreatic tissue from normal individuals, and in studies using mice, eliminating certain "bad" bacteri.. Read the full story
Sci-fi inventions that became reality
CNN
7:12 PM EDT March 21, 2018 12 Photos Luke Skywalker's prosthetic hand in "The Empire Strikes Back." Singaporean biotechnologist Benjamin Tee is engineering an electronic skin substitute that will help people wearing prosthetics to one day feel with artificial limbs. Tee was inspired by Star Wars, but his invention isn't the first to leap from science fiction into reality. Scroll through the gallery to discover more Video phones - There are numerous examples of video phones in science fiction, Read the full story
Why are vaccinated young adults coming down with mumps?
CBS News
Immunity against mumps from vaccination lasts an average of 27 years, but a quarter of people lose their protection after only eight years Read the full story
USA/CANADA
Why higher interest rates don’t always mean tighter monetary policy - MoneyWeek
MoneyWeek
MoneyWeek
The US Federal Reserve may have raised interest rates, but that doesn’t mean central bankers are tightening monetary policy, says John Stepek. What matters is “real” interest rates. Read the full story
U.S. weekly jobless claims increase slightly
Reuters
The number of Americans filing for unemployment benefits unexpectedly rose last week, but the increase was marginal, suggesting strong job growth in March that should underpin consumer spending. Read the full story
Retired 4-Star General: 'Simply Outrageous' That Jared Kushner Represents America
HuffPost
Retired four-star Army Gen. Barry McCaffrey did not mince his words on ... Read the full story
Trump's broad nondisclosure agreement was reportedly meant to appease him, and wasn't actually enforceable
Business Insider
President Donald Trump signs an executive order in the Oval Office. The White House counsel who created President Donald Trump's nondisclosure agreement for staff members reportedly suggested the document was not legally binding. The NDA imposed financial penalties, $10 million for each offense, for staff members who released unauthorized "confidential information." White House counsel Don McGahn privately told senior aides that the NDA was primarily drafted to appease Trump, who expressed Read the full story
U.S. National Debt Adds $1 Trillion in 6 Six Months, Partially Due to Trump Legislation
Newsweek
Analysts expect the country to sink deeper into debt and predict that recent tax and spending legislation have made the situation worse. Read the full story
Powell Says Fed 'Carefully Considering' More Press Conferences
Bloomberg
Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington about the decision by the Fed's policy-setting Federal Open Market Committee to raise the benchmark lending rate a quarter-point. Read the full story
Federal Reserve chair: Job market remains strong
Fox News
Federal Reserve Chair Jerome Powell discusses the strength of the job market and why the Fed decided to raise the federal funds rate. Read the full story
Treasury has prepared China investment restriction options: Mnuchin
Reuters
U.S. Treasury Secretary Steven Mnuchin said on Wednesday his agency has prepared U.S. investment restrictions on China for President Donald Trump to consider as part of his upcoming announcements on intellectual property actions against Beijing. Read the full story
EMERGING MARKETS
Honda Mexico foresees not so good year
POST Online Media
POST Online Media
Honda Mexico estimates that it will not have a good year in terms of domestic sales and exports, “but it will survive”, said the company's president for Mexican operations, Hiroshi Shimizu, during a conference before national media on the occasion of the 30th anniversary of its first plant in the country. The manager acknowledged that ... Read the full story
Gulf of Mexico major auction to boost US oil output
Aljazeera
The largest lease sale in American history in the offshore Gulf of Mexico has yielded $124.76m in winning bids on Wednesday. The Department of the Interior had offered up more than 77 million acres (31.2 million hectares), an area twice the size of Florida, as part of a broader effort by President Donald Trump's administration to ramp up US fossil fuels output. "I think we're seeing continued consistent investment in the Gulf of Mexico," the Bureau of Ocean Energy Management spokesman Mike Read the full story
This part of emerging debt looks good to big funds as rates rise
Livemint
Livemint
Singapore: Interested in emerging-market debt but wary about rising bond yields as the Federal Reserve keeps raising interest rates? Then it might be worth looking at what used to be a riskier option— local-currency bonds. Read the full story
Indians are starting to ditch gold and property investments for stocks and mutual funds, survey shows
CNBC
But Credit Suisse's newest Emerging Consumer Survey found the percentage of financial assets that Indian households own is still relatively low. Read the full story
FEMA ignored Puerto Rico in aftermath of Hurricane Maria
New York Post
WASHINGTON — As hundreds of people stood in line for food and many went hungry during the days and weeks after Hurricane Maria hit Puerto Rico, Walmart and local supermarkets threw out tons of spoiled meat, dairy and produce. Emails and text messages made public Tuesday in a letter sent by the top Democrat on the House oversight committee describe frantic efforts by officials at Walmart and the Puerto Rican government to get fuel for generators to prevent food from going bad. From the Federal Read the full story
Living off the land: How these Puerto Rican farmers survived the storm
NBC News
Immediately after Hurricane Maria, food supplies on the island were dwindling but this family of sustainable farmers had their crops. Read the full story
These emerging-market fund managers focus on the explosive growth of consumer spending
MarketWatch
Tom Masi and Nuno Fernandes of Trilogy Global Advisors scored a 42% gain last year. Read the full story
Why Emerging Market Debt Investors Should Worry
Barron's
Massive inflows into ETFs that specialize in dollar-denominated emerging market debt could cause them to blow up. Read the full story
MIDDLE EAST
Saudi wholesale price index hikes 16% YoY in February – GASTAT
Mubasher
Mubasher
Riyadh – Mubasher: Saudi Arabia's wholesale price index (inflation) jumped 16.1% year-on-year in February 2018, the General Authority for Statistics’ (GASTAT) data showed. The GASTAT attributed the monthly inflation hike to the introduction of … Read the full story
In Mideast, democracy struggles to strike root
ABC News
Egypt votes next week in basically a one-candidate election _ but almost nowhere in Arab world has democracy taken hold Read the full story
Malta Orders Iranian Bank Chairman To Step Down After U.S. Files Sanctions Case
Radio Free Europe / Radio Liberty
Malta's financial regulator has ordered the Iranian chairman of a bank investigated by slain journalist Daphne Caruana Galizia to step down following his arrest in the United States on charges of evading U.S. sanctions on Iran. Read the full story
GCC central banks hike interest rates
Mubasher
Mubasher: Central banks across the Gulf Cooperation Council (GCC) countries have followed the United States Federal Reserve in raising interest rates. The United Arab Emirates (UAE) and Bahrain rose their benchmark rates, as the UAE repo rate was … Read the full story
Pompeo appointment cements notion in Tehran that US will exit Iran deal
Al-Monitor
In Tehran, the reaction to the appointment of Pompeo as secretary of state is an increasing sense that Trump is bent on withdrawing from the nuclear deal. Read the full story
US prepares to leave Iran deal, even as talks with Europe continue
CNN Politics
US officials are taking a two-track approach to the Iran nuclear deal, negotiating with allies to make changes demanded by President Donald Trump even as they prepare to walk away from the international agreement. Read the full story
Saudi crown prince reportedly bragged he has Kushner 'in his pocket'
The Week
Saudi Arabia's Crown Prince Mohammed bin Salman told people close to him that President Trump's son-in-law and senior adviser, Jared Kushner, shared with him the names of Saudis who were disloyal to him, and also told the crown prince of Abu Dhabi he has Kushner "in his pocket," current and former White House and government officials told The Intercept. Before his security clearance was downgraded, Kushner read with interest the President's Daily Brief, filled with classified intelligence, and Read the full story
AFRICA
Zimbabwe: Mugabe Admits to 'Externalising' Funds
AllAfrica
AllAfrica
(Photo: The Herald) FORMER president Mr Robert Mugabe and his family have admitted to externalising funds after buying two properties in South Africa and Hong Kong during his reign. The admission, which was made by former First Lady Grace Mugabe in an interview, the Mugabes had with selected journalists at their Blue Roof mansion in Harare last week, has exposed the hypocrisy of Mr Mugabe, who in 2004 jailed former finance minister Chris Kuruneri accusing him of externalising money to buy a Read the full story
Zimbabwe: Grace Mugabe Sucked Into Ivory Scam
AllAfrica
Zimbabwe's former first lady Grace Mugabe ordered national parks officials to release ivory to her from its storerooms to be given as gifts to first ladies in Asia, a newspaper claimed Wednesday. Environment minister Oppah Muchinguri-Kashiri has commissioned an investigation into the alleged practice and the findings will be released soon. Unnamed first ladies "I was told that she (Grace Mugabe) would prevail upon (national parks) officials to release the ivory on the basis that they were the Read the full story
Zimbabwe: Return to Work or No Pay, Doctors Told
AllAfrica
Government has directed its central and provincial hospitals to advise the Salary Service Bureau of the absence of junior doctors from work since the beginning of the month with a view to stopping their salaries and benefits. This comes some 24 hours after the striking junior doctors turned down an offer by Government reviewing their allowances by 50 percent and continuing with the strike. Read the full story
Southern Africa: EU Grows Confidence in Zimbabwe
AllAfrica
The Zimbabwean Government has managed to put the country back on track through re-engagement with the international community after a long stand-off period during former President Robert Mugabe's era. The efforts to re-engage the international community has made the European Union (EU) grow confidence in committing itself to work with Zimbabwe for mutual benefit. The arrival of the EU election exploratory mission has broken the impasse between Zimbabwe and the European bloc. The EU election Read the full story
Zimbabwe: Constitution Translated Into Indigenous Languages
AllAfrica
The Ministry of Justice, Legal and Parliamentary Affairs has launched a translated version of the Constitution in four indigenous languages, in a development aimed at enhancing accessibility of the vital document to all Zimbabweans. The supreme legislative document is now available in Shona, Ndebele, Tonga and Kalanga. Translation of the Constitution to other 12 local languages is underway and the process will be completed by May. Officially launching the native versions in Harare yesterday, Read the full story
ASIA
There could be a silver lining to trade war fears for Asian markets
CNBC
CNBC
Markets have been unsettled by fears of a potential trade war, but there could be buying opportunities in store. Read the full story
China blames U.S. for staggering trade surplus as tariffs loom
Reuters
China blamed U.S. export restrictions for its record trade surplus with the United States, but expressed hope that a solution can be found to settle trade issues between the world's two biggest economies as U.S. tariffs loom. Read the full story
China’s high-flying big-cap stocks hit as PBOC raises borrowing costs
South China Morning Post
The SSE 50 Index posts the steepest decline in three weeks after China’s central bank raised 7-day reverse repo rates Read the full story
China's oil futures: frazzle or dazzle for foreign traders?
Reuters
China's crude oil futures, to be launched on Monday, will be a major step in Beijing's years-long push to win greater sway over oil pricing, but for western traders it will likely bring frustration as well as opportunity. Read the full story
Asian Equities Mixed After Fed Meeting; Trump Set for Chinese Tariffs Announcement
Asian Equities were mixed in morning trade on Thursday Read the full story
China’s young consumers are snubbing foreign brands amid growing national pride, says Credit Suisse
South China Morning Post
Thursday, 22 March 2018, 7:01:AM China is seeing the emergence of a generation of consumers who are more likely to opt for home-made brands, spurred by a growing sense of national pride, according to a survey by Credit Suisse. The old adage that foreign brands are superior no longer holds true for young Chinese shoppers, who are increasingly showing a “domestic brand bias” amid “a degree of nationalism” in the world’s biggest consumer market, the study found. More than 90 per cent of Chinese Read the full story
Hong Kong’s monetary authority raises city’s base lending rate to 2 per cent in lockstep with US move
South China Morning Post
Thursday, 22 March 2018, 7:34:AM The Hong Kong Monetary Authority (HKMA) has raised the city’s base lending rate by 25 basis points to 2 per cent, making the move in lockstep with an overnight increase of a similar magnitude by the US Federal Reserve, to maintain the Hong Kong dollar’s peg to the US currency. This would be the sixth increase in interest rate since December 2015, when the US Fed raised the cost of money for the first time in eight years, marking the end of the era of cheap Read the full story
EUROPE
5 things to know about Europe’s new data rules — which could cost big, bad tech billions
MarketWatch
MarketWatch
Facebook’s latest problem has put the spotlight on data protection and big tech. Here’s what’s the EU’s General Data Protection Regulation, due within weeks, lays down — including fines potentially in the billions of dollars. Read the full story
European current account surplus hits 4-month high, beats forecasts
Mubasher
The Eurozone's current account surplus widened more than expected in January Read the full story
UK's May to seek united stand against Russia at EU summit
ABC News
British Prime Minister Theresa May will urge European Union leaders to unite and condemnation Russia as leaders of the bloc's 28 nations meet in Brussels Read the full story
European stocks drive toward 3-week low as eurozone business outlook weakens
MarketWatch
European stocks are struggling after data showed business activity in the eurozone is at its slowest pace of expansion in more than a year. Read the full story
FTSE 100 struggles as strong pound bears down on stocks
MarketWatch
U.K. stocks fell Thursday, as blue-chips marked their worst start of trading in more than a year, pressured by a jump in the pound before investors receive a policy update from the Bank of England. Read the full story
German Private Sector Activity Drops To 8-Month Low In March
© Reuters. German private sector activity slows in March Read the full story
Euro Zone Private Sector Growth Slows in March: PMI
© Reuters. Euro zone private sector slows in March: PMI Read the full story
UK Retail Sales Rise by 0.8% in February
© Reuters. UK retail sales rise 0.8% in February vs. forecast for 0.4% Read the full story
d
Blessed and Highly Favored:
CBI Update:
The CBI is closed on Friday.
The ISX is closed on Friday
3-23-2018 Intel Guru Bruce ...Iraq is done and they have everything moving and shaking. They have been congratulated from a number of countries in the Middle East in having been put back on the world stage, having a currency to do business with. Iraq did put their rate in the budget in their digital Gazette yesterday. I do not know if the printed version was shown. We had all kinds of information coming in and confirmations that this was supposed to have gone down overnight last night. ...From what I understand it was in position and it was expected to. ...I don’t know what the reason is why it didn’t happen. ...Maybe the timing just was not quite right....but all the factors were in place. The military was ready to go with security. The Treasury was on board ready to go. The President was on board expecting it to happen. ...We are in a sort of any minute basis, open window...
3-22-2018 Newshound Guru Adam Montana [...Okay Adam when is the RV going to happen?...] Fingers crossed, we are almost there!
3-22-2018 Newshound Guru mike Article: "The exchange rate of the dollar against the dinar throughout Iraq" It's abundantly clear that the numbers are all over the place...there's confusion regarding the spread. Why? Because the CBI has decided to not publish the figures. Why? Who knows, but if I'm the CBI the logical thing to do is publish the spread figures which would reassure and provide additional confidence in the dinar. Why hide the success? ...The markets are providing conflicting data, the only true measure of the spread is coming from the CBI, period...The facts are the CBI's not giving us the data. Speculating, hoping and posturing that the rate is within the 2% MCP band is unwarranted without confirmation from the CBI, it's just wishful thinking.
3-22-2018 Newshound Guru mike Article: "The exchange rate of the dollar against the dinar throughout Iraq" It's abundantly clear that the numbers are all over the place...there's confusion regarding the spread. Why? Because the CBI has decided to not publish the figures. Why? Who knows, but if I'm the CBI the logical thing to do is publish the spread figures which would reassure and provide additional confidence in the dinar. Why hide the success? ...The markets are providing conflicting data, the only true measure of the spread is coming from the CBI, period...The facts are the CBI's not giving us the data. Speculating, hoping and posturing that the rate is within the 2% MCP band is unwarranted without confirmation from the CBI, it's just wishful thinking.
3-22-2018 Newshound Guru Adam Montana In a word: “No”. It has been explained to me by multiple sources that banking hours are not federally mandated to be “9-5”, and in fact even if a State declares an “emergency situation” that would normally close most banks, our banks in the United States can choose to stay open or not. This also means they can operate 24 hours per day if they choose, or declare a “special situation” and grind through the night on "unusual business hours" to take advantage of a situation like this. We are not the only ones who are anticipating a profit in this venture…the banks are, too. So we can reasonably expect that if we get that call, whether it’s at 1AM or 3PM, we’re going to be looking at a timely process that enables us to cash in, the banks to profit, and business to happen. [post 2 of 2]
3-22-2018 Newshound Guru Adam Montana Here comes some speculation: The CBI will announce this perhaps a day, maybe 6 hours ahead of the opening bell… but WHICH opening bell? My guess is the one closest to their time zone, with the largest trading capacity in the world – London. Keep in mind that London is 3 hours behind Baghdad, which means 9AM in Baghdad is 6AM in London. ...the question comes up a LOT: “When will we know?” We have to take into account all major players in the FOREX market. Here are the top 6, in the order of their trading volume and the time it is in each location at 9AM Baghdad time: 1. London – GMT (6AM) 2. NYC – GMT -5 (1AM) 3. Tokyo – GMT +9 (3PM) 4. Singapore – GMT +8 (2PM) 5. Zurich – GMT +2 (8AM) 6. Hong Kong – GMT +8 (2PM)... This puts us in the U.S. in a bit of a pickle, and it’s one I’ve discussed with several CEOs that know the finer details. “What happens if the RV is announced at 9AM Baghdad time, but our banks don’t open for another 8 hours? Will that cause a problem for us?”... [post 1 of 2....stay tuned]
3-22-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar against the dinar throughout Iraq" The...article states 1214 to $1. That is within 2%. I wouldn't expect it to vary much each day with daily auctions of 180 million +...
3-22-2018 Intel Guru Frank26 Right now the reinstatement is key; nothing else in between matters; we are waiting for the announcement of the reinstatement; what matters is the article we are waiting for...Will be 1:1 in-country; believe they are going back to Shabibi days...back to the "GLORY DAYS"...What we are seeing is a synchronized launch of two currencies (Siamese twins) IQD vs New USD...What we are see is a synchronized launch of two countries...USA and Iraq...New Day=New Beginnings=New Horizons... [post 2 of 2]
3-22-2018 Intel Guru Frank26 [via Mana'olana3] A "NEW DAY' is here...with New Beginnings.... "We did it!" Everything done 3-20-18...A prerequisite to a successful reinstatement of their currency...Platforms conducting rigorous testing of their systems; must not fail; will incur significant financial implications and ramifications, i.e. financial collapse of CBI...Platforms testing different numbers of the IQD; they don't know the true rate...Platforms testing all the decimal places. They are not testing the rates because they do not have it, yet...Platform testing, what we are seeing is not a glitch; it is not an error; from Trillions to Billions, because it is a "NEW DAY"... [post 1 of 2....stay tuned]
3-22-2018 Newshound Guru Adam Montana Here comes some speculation: The CBI will announce this perhaps a day, maybe 6 hours ahead of the opening bell… but WHICH opening bell? My guess is the one closest to their time zone, with the largest trading capacity in the world – London. Keep in mind that London is 3 hours behind Baghdad, which means 9AM in Baghdad is 6AM in London. ...the question comes up a LOT: “When will we know?” We have to take into account all major players in the FOREX market. Here are the top 6, in the order of their trading volume and the time it is in each location at 9AM Baghdad time: 1. London – GMT (6AM) 2. NYC – GMT -5 (1AM) 3. Tokyo – GMT +9 (3PM) 4. Singapore – GMT +8 (2PM) 5. Zurich – GMT +2 (8AM) 6. Hong Kong – GMT +8 (2PM)... This puts us in the U.S. in a bit of a pickle, and it’s one I’ve discussed with several CEOs that know the finer details. “What happens if the RV is announced at 9AM Baghdad time, but our banks don’t open for another 8 hours? Will that cause a problem for us?”... [post 1 of 2....stay tuned]
3-22-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar against the dinar throughout Iraq" The...article states 1214 to $1. That is within 2%. I wouldn't expect it to vary much each day with daily auctions of 180 million +...
3-22-2018 Intel Guru Frank26 Right now the reinstatement is key; nothing else in between matters; we are waiting for the announcement of the reinstatement; what matters is the article we are waiting for...Will be 1:1 in-country; believe they are going back to Shabibi days...back to the "GLORY DAYS"...What we are seeing is a synchronized launch of two currencies (Siamese twins) IQD vs New USD...What we are see is a synchronized launch of two countries...USA and Iraq...New Day=New Beginnings=New Horizons... [post 2 of 2]
3-22-2018 Intel Guru Frank26 [via Mana'olana3] A "NEW DAY' is here...with New Beginnings.... "We did it!" Everything done 3-20-18...A prerequisite to a successful reinstatement of their currency...Platforms conducting rigorous testing of their systems; must not fail; will incur significant financial implications and ramifications, i.e. financial collapse of CBI...Platforms testing different numbers of the IQD; they don't know the true rate...Platforms testing all the decimal places. They are not testing the rates because they do not have it, yet...Platform testing, what we are seeing is not a glitch; it is not an error; from Trillions to Billions, because it is a "NEW DAY"... [post 1 of 2....stay tuned]
3-21-2018 Newshound Guru Adam Montana Back to the rate showing up in different places at different rates… does Google know something we don’t? It’s certainly possible, but there’s probably no way to know for sure. Another important point… there will be no RV without HCL. The timing of this Google rate thing is extremely suspect when you factor in this: Article: "March 29, the latest session of the parliament" They are specifically mentioning HCL being addressed on the 29th – 8 days from now. That’s precisely the kind of window I’d be expecting to allow the major banks and trade centers time to prepare for a massive influx of a new currency! [post 2 of 2]
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 posted on English side)
Prime Minister Dr. Haider Al-Abadi: Sports has played a big role in the unity of our people
March 22, 2018
Prime Minister Dr. Haidar al-Abadi said that sports played a big role in the unity of our people, noting that the openness of Iraq to the world has contributed significantly to lifting the ban on football stadiums of 3 provinces, calling for more efforts to lift the ban on all stadiums.
During his meeting with members of the Football Federation, he reiterated his congratulations to the Iraqi people on the lifting of the soccer ban, pointing out that the government has taken several steps before the lifting of the ban was to prepare stadiums and provide security through a special force to protect them.
Dr. Haider al-Abadi said the terrorist groups wanted to break up the Iraqis but failed to unite us.
He said that it is the duty of the government to support sport and the rest of the sectors and should not be monopolized any work and everyone should carry out his responsibilities.
Dr. Haider al-Abadi stressed the importance of open mindedness and avoid any encroachments or discrimination between citizens, and that citizens everywhere feel that the state has.
He added that the sports public encourages the player without considering his affiliation.
He pointed out that the achievement of common interests with countries in the interest of all, noting that Iraq is now returning to its great role in the region and the world.
Dr. Haidar al-Abadi said that Iraq is now moving to a new stage of construction, reconstruction and job creation, and that we are able to win in this way as we have won over a supporter.
Prime Minister 's Media Office
22 March-2018
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Statement
March 22, 2018
Prime Minister Dr. Haider Abadi orders the opening of an immediate investigation into files of corruption related to the allegations of the offer or sale of fictitious employment contracts for citizens by political parties and the degrees of functional does not have financial allocations in the budget and does not exist originally with the aim of achieving electoral gain illegal.
Prime Minister 's Media Office
22 March-2018
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ARTICLE 2
URGENT Abadi orders investigation into selling fake employment contracts for electoral gain
2018/3/22 12:28
[Ayna-Baghdad]
Prime Minister Haider Abadi ordered an immediate investigation into corruption cases. "The files of corruption are related to the allegations of offering or selling fictitious employment contracts to citizens by political parties and job grades that do not have financial allocations in the budget and do not exist originally with the aim of achieving an illegal electoral gain," a statement from his office said. .
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ARTICLE 3
The first Iraqi official speaks Kurdish .. congratulations Abadi deserve the approval of the Kurdish street
BAGHDAD (Reuters) - March 22 - Iraqi Prime Minister Haidar al-Abbadi congratulated Kurdish Kurds on the occasion of the Noorz celebrations, a sign of improved relations between Baghdad and Erbil.
Abadi spoke at a press conference with Kurdish words in which he congratulated the Kurdish people. Although his words were brief and completely inconsistent, his initiative won the admiration of the Kurdish street, which he recorded as the first time an Arab official in the Iraqi state has ever spoken in Kurdish.
It seems that Abadi wanted to send a message on the improvement of relations between his government and the territorial government, especially after initiatives to dampen the relationship between the two parties, most notably the opening of airports in the region to international aviation. Flights to Erbil and Sulaymaniyah airports began yesterday, about five months after they were banned, following a referendum on the secession of the Kurds on September 25.
The former head of the region Massoud Barzani, in a letter addressed to the Kurdish people, that "the referendum on secession was not a crime, and expresses the right of the people." He welcomed the "positive atmosphere in the relationship with the federal government." Finished
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ARTICLE 4
Iraq achieves self-sufficiency of fish and prevents its importation
2018/3/23 12:54
[Ayna-Baghdad]
Iraq declared self-sufficiency in fish production.
The Ministry of Agriculture issued a resolution received by the agency all of Iraq [where] a copy of it "to prevent the import of chilled fish from all border crossings because of the abundance of local product and support him."
In recent years, Iraq has witnessed the spread of fish ponds, which has achieved an abundance of product and low fish prices in the local markets.
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ARTICLE 5
The establishment of the first wedding party for 200 fighters of the next marriage and grant two million dinars
BAGHDAD, March 22 (Xinhua) - The head of the popular crowd announced on Thursday the establishment of the first mass wedding of its fighters, in appreciation of their efforts to defend the country.
"The Popular Popular Authority, in cooperation with the Ministry of Oil, will hold in Baghdad the first mass wedding of 200 fighters of the next couple of marriage after years of defending the homeland," she said, adding that "the value of the gift amounted to two million dinars for each applicant for marriage, In 2018/3/26 to be followed by the rest of the other provinces and the number of applicants from the fighters on the gift for the year 2017 amounted to 1000 fighters and this project comes within a series of joint initiatives with the Ministry of Oil to care for the families of martyrs and wounded and fighters. Ending
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ARTICLE 6
International Energy warns of high carbon emissions
LONDON, March 22 (Reuters) - The International Energy Agency (IEA) warned of global energy-related carbon emissions, rising to a record 32.5 gigatonnes last year after stabilizing over three years.
"Emissions have risen as a result of rising demand and slowing efforts to improve energy efficiency," the agency said.
Global demand for energy rose 2.1 percent last year to 1,405 million tonnes of oil equivalent, more than double the rate of the previous year, boosted by strong growth, the agency said.
Energy demand rose 0.9 percent in 2016, and for itself the average in the previous five years.
Global carbon dioxide emissions also increased by 1.4 percent in 2017 to 32.5 gigatonnes, a record high, as energy efficiency slowed last year.
"The significant growth in energy-related CO 2 emissions in 2017 shows us that current efforts to combat climate change are far from adequate," said Fatih Birol, executive director of the International Energy Agency.
"Carbon emissions have not risen everywhere, most major economies have seen increases, but Britain, the United States, Mexico and Japan have seen declines and the biggest decline in the United States as a result of the expansion of renewable energy use," he said.
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