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(International: Al Furat News) The Kurdistan Regional Government distributed on Monday the distribution of salaries of 16 ministries, bodies and institutions in the region.
According to a schedule published by the Ministry of Finance and Economy in the provincial government earlier, will be distributed Monday salaries of officials of the ministries of (electricity, agriculture and water resources, culture and youth, endowments and religious affairs). As per the table, will be distributed salaries of a number of bodies and institutions, namely {the presidency of the region and the parliament and the Council of Ministers and the Landmine and the Bureau of Financial Supervision and human rights bodies and Kurdish areas outside the administration of the region and the environment and investment and the Commission for Elections and Referendum and Security Foundation}.
Iraqi president approves law to form a national oil company public company owned by the state
26-03-2018quarter to two
Baghdad - Iraqi President Fuad Masum on Sunday ratified the law of the Iraqi National Oil Company to increase production and development of oil and gas industry, facilities and facilities and methods of work on the basis of efficiency and flexibility.
"The President of the Republic Fuad Masoum Sadiq on Sunday the law of the Iraqi National Oil Company, which voted by the House of Representatives earlier."
"The law was enacted to ensure the exploration, development, production and marketing of oil resources in the fields and land allocated to them under the law on behalf of the Iraqi state and to increase production and development of oil and gas industry and facilities and related structures and methods of work on the basis of efficiency and flexibility and competitiveness to maximize revenues for the benefit of the Iraqi people.
The company's activity will be "in accordance with internationally recognized standards, which requires the formation of the Iraqi National Oil Company as a public company wholly owned by the state and reflects the concept of ownership of the people of oil and gas and the development of specialized formations within its organizational structure commensurate with its role in the management and development of oil and gas fields produced and discovered to promote the oil and gas industry And the development of various other energy sectors in Iraq. "
On the other hand, Prime Minister Haider al-Abbadi received at his office on Sunday BP CEO Bob Diddley and his accompanying delegation.
"The meeting discussed the company's work in each of Rumaila North and South fields and Kirkuk fields and the company's plan for future work in the development of oil fields, which contributes to the implementation of the government's vision of the oil sector in Iraq," the statement said.d
Governor of Kirkuk: the elimination of the remnants of «da'ash» is not easy
26 March 2018
Kirkuk Governor Rakan Said al-Jubouri reiterated the threat of pockets of security and stability in his province to what he called "the rapid liberation process for Kirkuk." He stressed that despite the successes achieved by the security forces, the completion of the purge of the governorate will not be easy, It will take time.
"During the process of liberating Kirkuk (250 km north of Baghdad), which was quick, the elements of the organization succeeded in hiding, and helped them with the Kirkuk terrain and mountainous areas, in my opinion, facilitated their appearance and threaten Kirkuk again, and as a result of their hiding all the time can not be given A relative estimate of their number in the governorate ».
He stressed that the efforts of the government in Baghdad and local authorities in the province did not stop."There are already successes, but ultimately eliminating the elements of the organization will not be easy, but it needs time, and we stress that efforts continue to pursue all the pockets and dormant cells of the (Dahesh).
He pointed out that «most of the operations (Daqash) currently, in particular, where the hunt for security elements through the ambushes and imaginary controls, are carried out in the border areas between Kirkuk and other provinces, most of which is located in areas mainly follow the province of Salah al-Din, A mistake on the province of Kirkuk ».
With regard to the process of return of displaced people and reconstruction, the governor said: «Reconstruction achieved is a weak proportion, the absence of allocations».
"We have 116 villages completely destroyed, we have many areas and sectors affected, and details have been sent, and estimates of the amount of funds we need to Baghdad to study in the committees formed areas liberated from (Daash), but with regard to displaced people can say that so far Nearly 75% of them have already been able to return to their areas. "
On the security preparations to secure the polling stations for the legislative elections scheduled for next May, especially in light of fears that the election would be used to attack the headquarters to intimidate civilians, he said: "The insurance operation will be carried out according to the plans of the government forces
Obstacles: The government is unable to take a decisive stance towards Kirkuk
{Baghdad: Al Furat News} considered the movement of the ignorant, the government is "unable" to take a decisive position towards the situation in the province of Kirkuk.
"The security situation in Kirkuk is being sacrificed on the threshold of politics and the recent execution of our police is proof of this, and the reason for not following the terrorist groups and the separatists," said the military aide to the movement, Nasr al-Shammari, Separatism of Kurdish parties. " He called for "a large and new liberation process in the province and we should not waste the history of the Iraqi people in order to satisfy the interests of personalities." Al-Shammari pointed out that "the former governor of Kirkuk controlled the wealth of Iraq and smuggling it abroad and it was incumbent on the federal government to impose security and authority," stressing that "there is no stability to maintain only the extension of security and the federal authority and any entry to the Peshmerga forces, we may enter a sea of blood, . "The Peshmerga has coordination with a preacher in Kirkuk and challenged Prime Minister Haider al-Abbadi and the government to issue an order for them and the text of the Constitution of being within the federal forces is unrealistic," he said. He added that "the government is unable to take a decisive position towards Kirkuk," stressing the need to "redeploy the security forces in the province
Kurdish employees protest against "forced savings" ... and security forces force them apart
A strike involving cities including Erbil, Sulaymaniyah, Dahuk and Halabja
Baghdad: «Most of the provinces and areas of Iraqi Kurdistan, on Sunday, demonstrations and sit-ins, in protest against the actions of the Government of the Territory, and continued implementation of the system« compulsory saving »of salaries of employees, despite being sent by the federal government. Hundreds of employees in several cities of Kurdistan, especially the health and education sectors, declared a strike, the first such move since the provincial government announced the system of "compulsory saving" in the salaries of employees.
The strike included officials from the cities of Erbil, Sulaymaniyah, Dohuk, Halabja, Rania, Quesnijq, Chamchamal, Kalar and a number of other areas. Kurdish media said that the security authorities in Erbil used tear gas and plastic bullets to disperse the demonstrators, injuring a number of demonstrators. According to the sources, the security forces dispersed the demonstrators and prevented them from reaching the main street leading to the building of the Presidency of the Council of Ministers in Erbil.
Also, the Medical Staff Syndicate granted the government of the province 3 days to review their salaries, which the government reduced by 70%, threatening a "comprehensive strike" in all hospitals, including the emergency, rehabilitation and dialysis departments that were excluded from the currently declared strike, according to the sources.
Education sector officials have also threatened to close the doors of all schools across the Kurdistan region. The strikes come after Iraqi Prime Minister Haider al-Abadi announced his intention to pay the salaries of employees of the health and education sectors in Kurdistan in full before the feast of Nowruz, before changing his decision, stressing that the amounts sent to the region is the salaries of all employees and not only members of the sectors.
Against the background of the protests, the Kurdistan government held a special session to discuss the possibility of an amendment to the system of "compulsory saving" of salaries of employees.
The statement said, after the meeting, that «in the event of Baghdad to send the amount of 317 billion and 540 million and 465 thousand Iraqi dinars (about 260 million dollars) to the territory, the territorial government, in addition to oil revenues and internal revenues will be an amendment to the savings system to the benefit of Staff in the region ».
He added «the Ministry of Finance was commissioned to prepare a new list of salaries in the coming days, for the Council of Ministers to discuss at its next meeting and take a final decision on the system of savings».
The statement added that «the government of the Territory will reveal in the coming days, details of the entire internal revenues and oil revenues, and the amounts sent from Baghdad and US aid to the Peshmerga forces, and how to spend these amounts». In the meantime, a number of members of the Parliament of Kurdistan, called an emergency session to cancel the decision «compulsory saving» of salaries, and amend the law on salaries and retirement.
According to a memorandum addressed to the presidency of the Parliament of the province bears the signatures of 15 MPs, the «members of the Kurdistan Parliament signatories to the memorandum demanding an extraordinary session of parliament as soon as possible, aimed at amending the law of salaries and retirement and privileges and the implementation and abolition of the decision to save compulsory wages». The Presidency of the Council of Ministers of Kurdistan last week, that «the Ministry of Finance of the Territory will not be able to pay the salaries of all employees of Kurdistan from the allocations stipulated in the federal budget of Iraq for the year 2018».
She pointed out that «the Ministry of Finance found itself obliged to include the amount mentioned in the book of the Central Bank of Iraq to the proceeds of oil in the Kurdistan region to pay the salaries of the month of November 2017 for the region's employees according to the savings system». MP Shakhwan Abdullah, of the Kurdistan Democratic Party, led by Massoud Barzani, the federal government, responsible for the demonstrations of the staff of the region.
He said that «the federal government sent 300 billion dinars (about 245 million dollars) out of the 900 billion dinars (about 736 million dollars) total salaries of employees of the Kurdistan region», explaining that «the salaries of health and education officials up to 200 billion dinars (about 163 million dollars) , While the federal government added another 100 billion (about $ 81 million), and announced to send all the salaries of the staff of the region, and therefore, the Government of the Territory can not spend ». He added that «these demonstrators have demanded only their rights arrears for four years in exchange for silence and promises from the federal governmen
Saudi Arabia has given Iraq more than 33 thousand seats this year, confirming the introduction of some amendments to the lot, including the elderly and the number of times for people who submitted the lottery did not win. "Saudi Arabia has given Iraq 33 thousand and 690 seats for Iraqi pilgrims for the current year, according to the population data issued by the Ministry of Planning, which estimated the proportion of the population of Iraq during the year 2013," said the head of the body Khalid Al-Attiyah said in a press conference on Sunday at the headquarters of the Commission in Baghdad. "Saudi Arabia promised to increase the number that could rise in the coming months." He added that "the lot that will be held will include all provinces except the Kurdistan region of Iraq, adding that" the allocated number will be deducted from 15 percent of the martyrs of the Foundation, "pointing out that" the total of winners in the draw for the five years to be held today (yesterday), will be about 113 thousand and 860 seats , While the total number of those who will win this year 22 thousand and 772 pilgrims, "noting that" the total number of applicants for the five years reached 870 thousand pilgrims. " Al-Attiyah pointed out that "the Commission has made some amendments to the lot of the elderly and the number of times for people who submitted the lottery did not win," explaining that "granting the elderly 60 percent and without a draw and the number of 86 thousand and 315 seats, while will be 40 percent for all categories. d
Kauaihn Iraq Articles:dddd
Qatar and Iran are trying to disrupt the Saudi opening in Iraq
New Arar port one aspect of the development of Saudi - Iraqi relationsArchived
Qatar and Iran, which have shared common interests in the wake of the Qatari crisis, are moving to confront Saudi openness to Iraq by expanding their influence and exploiting Iraqi political parties loyal to them.
The Doha-based newspaper Al-Arab reported that Doha, in order to disrupt the Saudi approach in Iraq, relies on parties with military influence linked to Iran, saying that these parties believe that building balanced Iraqi-Saudi relations will affect Tehran's influence in Iraq.
The newspaper said Iraqi political officials said that the country's approach to Iraq comes at a time of intense electoral conflicts, explaining that Iranian officials consider the possibility of exploiting the country's financial capabilities to fill economic gaps, which does not have the ability to play a crucial role to address them.
Qatar relies on the athletic input to build relations with the Iraqi community, as Iraqi officials have reported that Qatar is ready to move the next Gulf Football Championship from Doha to Basra.Qatar has also sent its first football team to play with Iraq on Basra.
Iranian moves from southern Iraq have begun to be a vital area for a rival political project, which is preparing to run for elections in May because of the large population density in the south.
External Agenda
The expert and political analyst, Al-Hashemi believes that it is in Iraq's interest to converge with everyone and not to find an enemy based on the desire of one of the countries, referring to Qatar, adding that the foreign agenda plays a big role in the Iraqi political situation.He said that "the absence of the vision and the national interest of the political class, which the external player to the advantage of Iraq is the one who creates those crises between the States on the Iraqi arena."
He pointed out that «Iraq can now emerge through international support, especially after the victory over the preacher, warning of the increase in external loyalties with the near parliamentary elections».
"Increasing our influence in Iraq at various levels is our top priority and vital for us," said an Iranian government adviser.We must not let the Iraqis change their views on us. "Observers believe that the young Iraqi class in the south needs jobs and entertainment, linking the new country presence in its regions with the Iranian influence rooted in traditional parties.
Welcome to Saudi Arabia
Iraqi citizens welcomed the Saudi openness to Iraq, which is being talked about producing investment projects in the south of the country, improving the local economy and providing thousands of jobs.Observers say Tehran is watching this Saudi presence and fears it poses a critical threat to the future of its relationship with Iraq, which is characterized by dependency rather than friendship or partnership.
Erdogan announces the start of military operations in Sinjar ... Iraq denies
Local official: elements «Kurdistan» did not withdraw from the city
BAGHDAD (Reuters) - Turkish President Recep Tayyip Erdogan said on Sunday that military operations began in Sinjar in northern Iraq against the Kurdistan Workers Party (PKK). "We have said that we will enter Sinjar as well, and now the military operations have started there," Erdogan told a crowd in the state of Trabzon in northeastern Turkey ahead of a ruling Justice and Development Party (AKP) conference. The Turkish president threatened on Monday that his country could expand its military operations against Kurdish militants in other parts of northern Syria and northern Iraq.The Joint Operations Command and the Popular Front for the Liberation of Palestine (PFLP) denied on Sunday the presence of Turkish military operations in and around Sinjar, while the Ministry of Defense confirmed that Iraq would not stand idly by in front of any foreign military intervention. "The security situation in Nineveh, Sinjar and the border area is under the control of the Iraqi forces, and there is no validity for crossing troops across the Iraqi border to those areas," the operations command said. She added that «the federal government did not inform the Ministry of Defense on the presence of Turkish military operations in the district of Sinjar», stressing that «the federal government will not stand idly by in front of any external military intervention in Iraq». "The Sinjar region and the surrounding areas are free from any military action by the Turkish forces," the Popular People's Assembly said. Security expert Hisham al-Hashemi, ruled out, the movement of Turkish troops by land towards Sinjar, only in coordination with the Iraqi government in Baghdad or air landing, indicating that the Iraqi forces between Tal Afar and Fishkhabour will block the course of the Turks. He added that «the military operation announced by Turkish President Recep Tayyip Erdogan called it (the shield of the Tigris), and preparations for the bombing of air and missile missile preliminary completed». He explained that «the process will start from the triangle Turkish-Syrian-Iraqi to the north of Sinjar». "There are no Turkish forces currently in the city of Sinjar, and the Turkish army has no strength except in the camp of Baasheqa, and the villages of Ibrahim and Sheikh Omar, in Sidkan, for years. In the context, warned the Mayor of Sinjar district, Mahma Khalil, the transformation of his city to «Afrin again», commenting on Erdogan's announcement to launch a military campaign against the judiciary. "What is happening is an attack on sovereignty, the Iraqi regime, its constitution and its land, and on the justice that is affected by the organization of the Islamic state," he told Shafiq News. He pointed out that «the federal government is responsible for maintaining the borders of the country and we have appealed to all parties involved to intervene as the entry of Turkish forces worse than the presence of Kurdish workers and do not want to get in the judiciary what happened in Afrin» He added that "the elements of the Kurdistan is not honest at the same time as they declare withdrawal in public and deal with the matter in a way that is in secret.They must go out. " The «Kurdistan» announced Friday to withdraw fighters from Sinjar «after completing their mission in the judiciary». The party explained that «the decision came also in response to the request of the Iraqi government and the Kurds Yazidis», noting that «the security situation in Sinjar became stable and that the Yazidis have reorganized their ranks and are able to protect themselves».
Iranian Ambassador to Baghdad: We respect the choice of the Iraqi people in the elections
BAGHDAD, March 26, 2018 (UPI) Iran's ambassador to Baghdad, Iraj Masjedi, said the Islamic Republic of Iran respects the choice of the Iraqi people in the next parliamentary elections and will support the government emanating from it as always in the past
All the Iraqi parties are our brothers and the position of the Islamic Republic of Iran is the holding of free and strong elections with wide participation to produce a strong government," Masjidi said in a press statement on the sidelines of the elites' meeting held at the Rafidain Center in Najaf. The Iranian ambassador expressed the hope that the Iraqi people will successfully proceed in the path of growth and progress in light of the unity of the word and national sovereignty, territorial integrity of the country and the strength of the people and the directives of the supreme authority in Iraq. Ambassador Masjedi delivered a speech at the forum and then answered the audience's questions on the relations between the two countries in the defense, military, political, economic, commercial, cultural and university fields. The questions also dealt with the Iranian-Saudi relations, the Iranian-Iraqi relations, the water problems between the two countries, the regional treaties, the Algiers agreement of 1975 and the referendum on secession in the Kurdistan region of Iraq. In response to the questions, the Iranian ambassador explained the principled positions of the Islamic Republic of Iran, including emphasizing the maintenance of Iraq's unity and national sovereignty. The Iranian ambassador also stressed the need not to fall into the trap of separatism, and considered solving problems through dialogue as the only way, declaring the readiness of the Islamic Republic of Iran to provide assistance in this field. Finished
Iraq rejects Turkish military action on its territory
BAGHDAD, March 26, 2018 (KUNA) - Turkish Foreign Minister Recep Tayyip Erdoğan has announced the start of military operations in the Sinjar district of Ninewa province
The Iraqi Foreign Ministry summoned the Turkish ambassador in Baghdad Fatih Yildiz and told him that the Iraqi government condemned the military campaign launched by the Turkish forces in Iraqi territory, saying it was a blatant attack on national sovereignty. Operations, it will internationalize the case before international courts. At the same time, in which a member of the Iraqi parliamentary security and defense committee, Hoshyar Abdullah, said that "Turkey has no right to launch military operations inside Iraqi territory, and that those in Sinjar are Kurds and Yazidis, and declaring war on them means fighting the Iraqi people, The need for intervention by the international community to prevent Turkey from committing massacres against Sinjar and its people. Turkish President Recep Tayyip Erdogan said in a speech to a public rally in Turkey's northeastern state of Trabzon on Sunday that military operations in Sinjar district of northern Iraq against the PKK, which opposes the Turkish government, were under way. "We have already said that our military operations will not be confined to Afrin, especially as the Labor terrorists withdrew towards Sinjar, and now the operations in Sinjar have begun." For its part, confirmed the Joint Operations Command in the Iraqi army that the security situation in Nineveh, Sinjar and the border area under the control of Iraqi forces and the health of the crossing of troops across the Iraqi border to those areas. The commander of the northern axis in the popular mobilization forces, Raed al-Karawi, on Sunday, there is no movements of the Turkish army in Sinjar or surrounding. "There are no Turkish military movements or operations in Sinjar or its environs, as was the case in the past few hours," al-Karawi said in a statement. "We have not noticed any Turkish military action so far in the areas mentioned.
Mahdi Alaq discusses with the New Zealand Ambassador the reconstruction and investment in Iraq
The Secretary-General of the Council of Ministers, Mahdi al-Alaq, discussed Sunday with the New Zealand Ambassador reconstruction and investment in Iraq.
"Mehdi Al-Aalak received the New Zealand Ambassador to Iraq, Bardli Saouden, to discuss the bilateral relations between the two countries," the statement said. "The Ambassador extended his congratulations to the Iraqi government for its success in supporting stability in the liberated areas."
The ambassador reviewed New Zealand's past and future contributions to reconstruction programs and projects, including mine clearance and the training of Iraqi forces," he said, stressing his country's commitment to continuing to support Iraq in the next phase.
In turn, the Secretary-General referred to "the government's plans, which will continue to be implemented, whether in support of stability or reconstruction and investment, and is not hindered by concern in the preparations for the upcoming legislative elections," welcoming "the continuation of international support for Iraq, especially in the process of rehabilitation of liberated areas To ensure its stability, which ensures the return of the remaining displaced people to their homes. "
He stressed the importance of the Iraqi government to "follow up the results of the Kuwait conference and hold a forum for companies and investors soon in Baghdad organized by the National Investment Authority to sign memorandums of understanding to strengthen investment relations and hold negotiations and discussions on the next phase of investment in the country, in addition to launching a package of other projects on the site Mentioned body ".
"Life in Mosul, Anbar and Tikrit has become much better once an organized organization has been eliminated, despite the problems and difficulties that this terrorist organization has left. However, today's residents are more optimistic to return to their areas."
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Yuan-denominated contract to begin trading in Shanghai Monday
Domestic futures to start 25 years after idea was first mooted
China Set to Shake Up Oil Futures Market
It’s taken a quarter of a century, but China’s finally getting its own oil futures.
At 9 a.m. local time on Monday, crude contracts will begin trading on theShanghai International Energy Exchange. The world’s biggest oil buyer is offering yuan-denominated futures that foreigners can buy and sell -- a first in Chinese commodities. Among the most intriguing questions is whether the traditional benchmarks of Brent crude in London and West Texas Intermediate in New York will face a serious challenger. Here are some of the other key questions.
1. Why is this important for China?
Futures trading would wrest some control over pricing from the main international benchmarks, which are based on dollars. Denominating oil contracts in yuan would promote the use of China’s currency in global trade, one of the country’s key long-term goals. And China would benefit from having a benchmark that reflects the grades of oil that are mostly consumed by local refineries and differ from those underpinning Western contracts.
2. Why now?
The push for oil futures gained impetus in 2017 when China surpassed the U.S. as the world’s biggest crude importer. The Asian nation’s purchases reacheda record highin January.
Top Oil Buyer
China surpasses U.S. as world's biggest crude importer
Sources: China's General Administration of Customs, U.S. EIA
Lower crude prices have played a part as to why not earlier. Chinese oil futures were proposed in 2012 following spikes above $100 a barrel, but prices in 2017 have averaged little more than $50. There’s also concern over volatility. China introduced domestic crude futures in 1993, only to stop a year later because of volatility. In recent years, it repeatedly delayed its new contract amid turmoil in equities and financial markets. Such destabilizing moves have often prompted China’s government to intervene in markets in one way or another.
3. How do oil futures work?
Futures contracts fix prices today for delivery at a later date. Consumers use them to protect against higher prices down the line; speculators use them to bet on where prices are headed. In 2017, oil futures contracts in New York and London outstripped physical trading by a factor of 23. Crude oil is among themostactively traded commodities, with two key benchmarks: West Texas Intermediate, or WTI, which trades on the New York Mercantile Exchange, and Brent crude, which trades on ICE Futures Europe in London.
4. How will Shanghai futures work?
Trading hourswill be 9 a.m.-11:30 a.m. and 1:30 p.m.-3 p.m. local time and, at night, 9 p.m.-2:30 a.m. The daily trading band has been set at 5 percent on either side, and 10 percent on its debut day, while margin requirements are at 7 percent.Seven gradeswill be deliverable, including Dubai crude, Basrah Light and China’s Shengli. The contracts will have 36 delivery months with the first 12 months as rolling contracts.The daily cost to store crudefor delivery into the Shanghai exchange is set at 0.2 yuan a barrel, or at least twice the rate elsewhere, in a move seen as deterring excessive price swings.
Nickel was the last major commodity to be listed there in 2015; within six weeks, trading in Shanghai surpassed benchmark futures on the London Metal Exchange, or LME. In China, speculators play a far greater role, boosting trading volumes but making markets susceptible to volatility. In early 2016, the then-head of the LME said it was possible some Chinese tradersdid not even knowwhat they were trading as investors piled into everything from steel reinforcement bars to iron ore. Steep price rises relented whenChina intervenedwith tighter trading rules, higher fees and shorter trading hours.
7. Will foreigners buy in?
That remains to be seen. Overseas oil producers and traders would need to swallow not just China’s penchant for occasional market interventions but also its capital controls. Restrictions on moving money in and out of the country have been tightened in the past two years after a shock devaluation of the yuan in 2015 prompted a surge in money leaving the mainland. Similar hurdles have kept foreign investors as bit players in China’s giant stock and bond markets. As of March 21, a total of 19 overseas brokers haveregisteredwith the Shanghai exchange for dealing the oil futures contract.
8. Could the yuan challenge the dollar’s dominance in oil?
Not any time soon, since paying for oil in dollars is an entrenched practice, according to some analysts. Shady Shaher, head of macro strategy at Dubai-based lender Emirates NBD PJSC, says it makes sense in the long run to look at transactions in yuan because China is a key market, but it will take years. Bloomberg Gadfly columnistDavid Ficklingargues that China doesn’t have “nearly the influence in the oil market needed to carry out such a coup.” On the other hand, paying in yuan for oil could become part of President Xi Jinping’s “One Belt, One Road” initiative to develop ties across Eurasia, including the Middle East. Chinese participation in Saudi Aramco’splanned initial public offeringcould help sway Saudi opinion toward accepting yuan, which is used in only about 2 percent of global payments.
GLOBAL/NEWS/INFO
Tax Rules on 10 Different Retirement Accounts and Investments Kiplinger
Saving money for retirement involves many factors that can't be controlled, but taxes can be, to a certain extent.Read the full story
Worried by market volatility? Financial planner shares advice
News4Jax (WJXT)
Stocks around the world plunged Friday as investors feared that a trade conflict between the U.S. and China, the biggest economies in the world, would escalate. A second day of big losses pushed U.S. stocks to their worst week in two years. The business relationship between China and the United States may be causing it, but Americans seem to be losing sleep about the oncoming trade war. That filters down to people's retirement money and long-term investments. On Friday, the Dow Jones industrialRead the full story
10 books you should read if you want to retire rich, according to financial advisers
Business Insider
If you want to retire wealthy, you need to put a plan in place. chris benson/Unsplash Regardless of age or income, it is always wise to plan for retirement. Depending on whether you are a young adult, hoping to retire early, or drawing social security, seek the advice that suits your current financial situation. For those who want to earn their wealth through investing, 'The Behavior Gap' by Carl Richards gives practical advice on building a nest-egg through stocks and shares. RetirementRead the full story
Why Facebook's privacy woes may only be the tip of the iceberg, for both the site and users
Was Facebook's apology too little too late? Recode managing editor Ed Lee thinks so.
The2018 New ZealandPetroleum Conference opens tomorrow in Wellington, bringing together 500 delegates from across the oil and gas industry.Read the full story
SPE section to discuss hurdles of EOR Members of the Trans-Pecos section, Society of Petroleum Engineers, will meet11:30 a.m. Tuesdayat the University of Texas of the Permian Basin’s Center for Energy and Economic Diversification, Highway 191 and FM 1788.Read the full story
BANKS/BANKING/CREDIT
How Blockchain Technology Is Being Explored by Both Large and Nimble Players in Finance. Inc.
Blockchain is believed to be more stable long-term than the constantly fluctuating cryptocurrencies.Read the full story
What Everybody Needs to Know About Investment Fees
Kiplinger
If you are trying to find out what you're paying in fees and it's taking longer than 15 minutes or so to get an answer, you might want to make a change.Read the full story
San Francisco Fed’sJohn Williamsis front runner for New York Fed President position: Report
San Francisco Federal Reserve PresidentJohn Williamsis the leading candidate to become the next President of the New York Fed.
China’s new central bank chief shrugs off financial risks from trade war
South China Morning Post
Yi Gang tells forum in Beijing that banking, securities and insurance sectors are ‘fully capable of preventing and tackling’ any external shocksRead the full story
5 Travel Credit Cards With Annual Fees That Are Worth It (and 2 That Aren't) The Motley Fool
When it comes to rewards credit cards, sometimes spending money can actually save you money -- especially if you like to travel.Read the full story
TREASURIES/BONDS/STOCKS
Take Five: World markets themes for the week ahead Reuters
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.Read the full story
Is the pressure off? Inflation likely to die down in February, but don’t get used to it
MarketWatch
A fistful of trade fights under President Trump is worrying the heck out of Wall Street, but investors are still anxious about the threat of inflation. If it keeps rising, so will U.S. interest rates.Read the full story
Economic Calendar - Top 5 Things To Watch This Week
Will Eliminating Stock Buybacks Really Help Workers?
The Motley Fool
Legislation suggests the answer is yes, but the facts don't match up.Read the full story
CRYPTO'S / DIGITAL CURRENCY
Cryptocurrency This Week: Snowden Reveals NSA’s Secret Bitcoin Love Saga, Twitter To Ban Crypto Ads And More Inc42
Besides Bitcoin, ‘ban’ is another word getting equally popular in crytpo community. After Facebook and Google, leading microblogging platform, Twitter, is now considering to ban Bitcoin and cryptocurrency-related ads. Many leading banks including Citibank, JP Morgan Chase, Lloyds bank, Bank of America, and HDFC bank have already barred their cards for purchasing Bitcoin or other cryptocurrencies. The news of Bitcoin banning has become common to the extent that it does not apparently affect theRead the full story
Uganda's bitcoin enthusiasts
Aljazeera
Despite warnings of money laundering, instability, hacking and theft, and a lack of regulatory protections, some tech-savvy Africans prefer the volatility in bitcoin trading, the most popular virtual currency, to their prospects in the continent's job market. In Uganda's capital, an enthusiastic lecturer described his financial success with the cryptocurrency while his earnings were projected on a screen. "What I have earned in one and a half years from bitcoin is more than I earned in 10 yearsRead the full story
Las Vegas venues use cryptocurrencies to lure new customers
Las Vegas Review Journal
Nongaming venues inside Las Vegas casinos such as high-end clubs, restaurants and retail outlets are moving quicker to capture a young, generally wealthy, niche clientele.Read the full story
CURRENCIES
VENEZUELA: Country To Slash Three Zeroes From Banknotes RTTNews
Venezuela is preparing to slash three zeroes to its currency bills. New banknotes should reach the tellers in June, said the President Nicolas Maduro, in a move that seeks to alleviate the high consumer price inflation that the country is going through.Read the full story
We Can Cure Tuberculosis If World Leaders Step Up HuffPost
We are at a critical moment in the fight against tuberculosis (TB). On one ...Read the full story
Doctors inject lab-grown genes into boy's eyes to treat blindness
Mashable
New treatment uses viruses to replace genes in failing retinas.Read the full story
The Unexpected Reason You're More Likely To Get Sick In The Spring
Bustle
I did everything possible to avoid it. I wiped down surfaces, washed my hands, made my neti pot my new BFF, used my allergy nasal spray religiously, but I came down with a nasty spring cold anyways. Same? Like me, you might not know that your spring …Read the full story
USA/CANADA
The University That Launched a CIA Front Operation in Vietnam POLITICO
How the friendship between a Vietnamese politician and an American academic led Michigan State University into a vast experiment in nation-building and pulled America deeper into war.Read the full story
Billions of dollars to help California’s homeless population are piling up — and going unspent
Los Angeles Times
California’s homeless population has grown to more than 134,000 people, and key state government spending is taking a while to reach the streets.Read the full story
Wall Street wonders how long Kudlow will last in Trump's White House
New York Post
Even though Larry Kudlow has not officially started as the director of the National Economic Council at the White House, Wall Street is already wondering when he will hear, “You’re fired.” The influential conservative media pundit — and President Trump’s unofficial economic adviser during his 2016 campaign — was named to the White House team earlier this month amid much fanfare. But political veterans were almost choking back tears about his career prospects. Odds are that Kudlow will beRead the full story
Economic Indicators Mar 23, 2018 12:30 GMTInvesting.com- The overall rate of inflation in Canada picked up in February, Statistics Canada said on DAY. The consumer price index rose 2.2% last month, compared with the same month a year earlier. Prices rose by 0.6% from a month earlier. Economists had expected annual inflation to increase by 2.0% and monthly inflation to rise by 0.5%. Core inflation, which excludes gasoline, was up 1.5% from a year earlier and rose by 0.7% from the previous monthRead the full story
EMERGING MARKETS
Planting seeds in Brazil to solve water scarcity problem Aljazeera
The Eighth World Water Forum has wrapped up in Brazil's capital Brasilia, where more than three million people face water shortages. It was a city carved from the savannah in the 1950s when some of the vegetation that protected water sources in this hot and arid region was destroyed. Brasilia is now showing the world a solution, planting millions of seeds from the very plants they tore up to build the city. Al Jazeera's Daniel Schweimler reports from Brazil.Read the full story
6 months after hurricanes devastated Puerto Rico and the Virgin Islands, the US territories are still in shambles — and it reveals a disturbing truth about America
Business Insider UK
Following the devastating effects of hurricanes Irma and Maria in late 2017, a poll discovered that almost half of Americans didn't know that Puerto Ricans were U.S. citizens. The U.S. territories are home to nearly 4 million people, yet the majority of Americans know relatively little of their culture and history. The government needs to provide more funding for hurricane relief, and invite the territories to take part in conversations concerning national identity. It's been six months sinceRead the full story
Read FEMA’s 2014 plan for dealing with a hurricane in Puerto Rico
MuckRock
The Federal Emergency Management Agency just released its plan from 2014 for how to respond to a hurricane in Puerto Rico, after having denied ProPublica’s request for the same document in October.Read the full story
For one father and son in Puerto Rico, Hurricane Maria’s cloud has not lifted
Dispatch-Argus
To reach the Martinez home in Puerto Rico’s central mountains, social worker Eileen Calderon steers around piles of dirt, treacherous potholes and power company trucks that block the road. Finally, she pulls up to a sagging, cement home, its roof…Read the full story
Venezuela's oil-backed cryptocurrency will be convertible to Russian rubles – President Maduro
RT
The so-called ‘petro’ digital currency, which was successfully launched by Venezuela last month, will be traded for several global currencies, including the Russian ruble. Read Full Article atRT.comRead the full story
Emerging opportunity: Amid a global sell-off, developing markets may come out on top
CNBC
Amid the turmoil reverberating across international financial markets, some market participants are identifying emerging markets as one value play to consider.Read the full story
MIDDLE EAST
Institutional investments to bolster UAE bourses against forecast falls – Analysts Mubasher
By: Mahmoud Gamal Dubai – Mubasher: Stability in UAE stock markets is bound to continue only if long-term institutional investors enter the market, which will support indices against the expected decline after individual investors suffered losses …Read the full story
Oman Is Dialing Up Its Luxury Factor with the New Kempinski Hotel Muscat
Robb Report
The 310-room beachfront resort strikes an enchanting balance between old-world Oman and modern Muscat.Read the full story
First Iraqi-made film in 25 years in cinemas
Aljazeera
Iraq's cinema industry is making a comeback after decades of conflict, with the first Iraqi-made film in 25 years playing in theatres. Filmmaker Mohammed al-Daraji says the film gives a sober moral perspective on the war that devastated Iraq, killed a million people, according to human rights groups figures, and dispossessed refugees and orphans. Iraqi filmmakers say they will try and persuade Iraqi audiences to watch domestic productions, and that means competing with Hollywood blockbusters andRead the full story
Saudi Arabia owns 5% of global uranium reserves
Mubasher
Riyadh - Mubasher: Saudi Arabia is willing to mine and enrich uranium solely for civilian use, as stressed by the Crown Prince Mohammed bin Salman in an interview with 60 Minutes, a famous program that airs on CBS. “Saudi Arabia does not want to …Read the full story
AFRICA
Zimbabwe: Chaos Feared in Beitbridge As Zimra System Collapses AllAfrica
THE Zimbabwe Revenue Authority's (Zimra) Asycuda Plus online system has once again collapsed, raising fears of chaos during Easter when thousands of holidaymakers throng Beitbridge Border Post on their way to Zimbabwe from South Africa. The system is used for online pre-clearance of goods, issuance of road access fees payment and processing of temporary import permits [TIPs] for vehicles Sources yesterday told The Standard the system broke down four days ago, barely four months after anotherRead the full story
Zimbabwe: Country Spends U.S.$80 Million On Rice Importation
AllAfrica
(Photo: ZBC) Zimbabwe expects to start commercial rice production in the next season or two as the country moves to cut annual rice importation expenditure of over $80 million, a senior Government official has said. Government together with Seed Co are carrying out final feasibility studies of rice growing and are touring various rice growing countries to acquaint themselves with technology and viable methods of growing the cereal. Lands, Agriculture, Rural Resettlement Minister Perence ShiriRead the full story
Zimbabwe: U.S.$70 Million for Harare Power Plant
AllAfrica
(Photo: The Citizen) The Zimbabwe Power Company is set to meet senior officials from Jaguar Overseas Limited (JOL) in a preparatory meeting ahead of imminent release of $70 million by Afreximbank for rehabilitation of Harare Power Station. The Herald Business also gathered that the impending meeting provides an opportunity for the parties to discuss, during another eagerly awaited high stakes discussion, issues on delays by JOL in starting work on the re-powering of Munyati, which has notRead the full story
Zimbabwe investigates Grace Mugabe for illegal ivory smuggling
Aljazeera
Zimbabwe has launched an investigation into the country's former first lady, Grace Mugabe, over her alleged involvement in an ivory smuggling ring. The probe was opened after a three-month undercover mission by Australian wildlife photographer Adrian Steirn. Speaking exclusively to Al Jazeera, Steirn said he uncovered the poaching and smuggling syndicate when he began looking into the illegal ivory trade in December. "Ivory was being sourced either from the national park's vault, being thievedRead the full story
How bad is DR Congo's humanitarian crisis?
Aljazeera
Humanitarian needs caused by conflict in the Democratic Republic of Congo (DRC) have doubled over the past year, the UN Security Council has said. The country has been at war for much of the past 25 years, including recent political instability after President Joseph Kabila stayed in power beyond his mandated two terms in office. Now, as the United Nations plans to hold a donor conference in Switzerland to help raise nearly $2bn, DRC officials say they will not attend, accusing the agency ofRead the full story
ASIA
Money, money, money – why does the Hong Kong government have so much cash? South China Morning Post
After the local currency falls and officials unveil another bumper surplus, City Weekend explains Hong Kong’s financial system and its ballooning public coffersRead the full story
Can China’s new finance chief deliver on President Xi Jinping’s promise to eradicate poverty?
South China Morning Post
After 30 years trying to close the wealth gap in Guangdong, Liu Kun knows all about taking from the rich and giving to the poorRead the full story
Top economists and business leaders weigh in on the risks of a US-China trade war
World-renowned economists and executives addressed rising trade tensions between the U.S. and China, discussing the possible impacts of a trade war from the annual China Development Forum.
'Orange snow' baffles eastern Europeans BBC News US
The strange phenomenon caused by snow mixing with sand is sighted in Russia and other countries.Read the full story
End of the EU: Member states are BREAKING away from Brussels over Brexit warns Davis
Express
BREXIT Secretary David Davis suggested EU member states are now starting to break off from the European Union's common withdrawal strategy to protect their economies from a hard exit. Brexit Secretary David Davis hailed the progress of the talks with the European Union – revealing his trips to EU capitals had unveiled cracks in the bloc's central negotiating strategy.Read the full story
UK opposition seeks binding promise on post-Brexit Northern Ireland border
Reuters
Britain's opposition Labour Party demanded on Sunday that the government makes a legally binding promise to avoid a hard border in Northern Ireland once Britain leaves the European Union, saying ministers' pledges could not be trusted.Read the full story
Vote Leave broke spending limits in Brexit referendum, activist claims
BBC News US
Brexit activist Shahmir Sanni claims the campaign used the group BeLeave to overspend.Read the full story
One year till Brexit: The domestic challenges Theresa May will face in countdown to EU withdrawal
The Independent
As Theresa May faces the arduous Brexit negotiations abroad with the EU27 she also faces a battle on the home front in the House of Commons over the next 12 months.Read the full story
Brexit: Almost half of the population braced for economic pain immediately after Britain leaves EU
The Independent
Nearly half of Britons are braced for economic pain in the months after Brexit, a new poll reveals, a year after Theresa May fired the starting gun on negotiations.Read the full story
The CBI for Monday 3/26/18 did update on the indicative rates Sell Rate 1184
The currency auction is 186,543,149
There is one news and announcements for Monday 3/26/18
To / government and private banks and financial transfer companies and exchange all the course (accounting standards in Islamic banks)
Course (Accounting Standards in Islamic Banks) for the period from 4 / 22-2018 / 5/3
To / government and private banks and financial transfer companies and exchange all the cycle (standards. March 26, 2018To / government and private banks and authorized transfer companies all training program. March 26, 2018.To the government / private banks and authorized financial transfer companies All training programs (Certified Specialist in Combating Money Laundering and Terrorist Financing (ACAMS) ... click here
3-26-2018Newshound/Intel Guru BGG Article: "Masoum endorses the law of the Iraqi National Oil Company" Quote: "The Information Office of the Presidency of the Republic, announced on Sunday that Fuad Masoum Sadiq today ratified the law of the Iraqi National Oil Company." I think we can safely say – (so far) this one and the other one about the UN indictments are the big news for the day. [reference BGG post 3-25-2018]
3-26-2018 Newshound Guru tlm724 Article: "Iraqis lose 77% of the value of their money in the Hoarding" It's time for Iraq to make some serious changes in banking and gaining the confidence of the people. Stop the auctions and make the Dinar the star!
3-26-2018 Newshound/Intel Guru Mnt Goat...we see the IMF apposing the budget allocations to Kurdistan. Will they hold up the RV due to this or will they mind their own business? Maybe its time to mind their own business in internal affairs. Think about this –the only real strong hold the IMF now has over Iraq are the SDR loan program and the completion of currency reform.So what do they still need Iraq to complete prior to the currency reform?Legally the only issue they really can force Iraq to complete is the MCP and we know this is nearing the end of the 90 day application of correction period. This is why I believe we may very"I like the WSJ’s optimism… we all know how accurate they were on the last election they “predicted”.I’m hoping on this one, they are more accurate.
3-25-2018Intel Guru RayRen98The World Bank is extending it's full support to Iraq for their reconstruction efforts.The Budget Law is anticipated to be posted this week in the midst of stifling efforts by members of Parliament and other political leaders.Iraqi TV is reporting civil unrest of Kurdish teachers protesting not getting paid even though the Kurdistan Region has received payment from Baghdad.
3-25-2018 Newshound/Intel GuruBGG Article: "International arrest warrants for hundreds of “corrupt” Iraqis, including a former prime minister!!" For those concerned this won’t include Maliki… this may not be the case. The language – “a former Prime Minister” was included in the news release. This could mean Maliki, or it could mean Allawi or “what’s his face…” – Jaafari, I think, who was in the Oil Ministry. He was interim PM for like a year back in the early 2000’s… It also points out Abadi is considering whether to allow the UN to proceed before the elections or after. I have a suspicion there is pressure being put on him over this. It may well be out of his hands soon.
3-25-2018 Newshound Guru KaperoniThe auctions have been between $170 and $201 million per day the last 3 weeks. Yes that is high but the result is compliance with the IMF. The reserves will drop if this continued for months and...we will see the CBI write the letter for Article VIII as soon as they are allowed. Remember the IMF also wants them in Article VIII.
3-25-2018 Intel Guru RayRen98 Iraqi TV has the following information scrolling along the bottom of television screens...The National Oil Law has been officially ratified and will be published in the Gazette right away. Approximately 1,000 arrest warrants for corruption by political leaders, including former Prime Minister Maliki, have been issued today. Article: "URGENT The President of the Republic approves the law of the Iraqi National Oil Company" Quote: "The statement added that "this law was sent for publication in the Official Gazette" Article: "International" arrest warrants for hundreds of "corrupt" Iraqis, including a former prime minister"
3-25-2018 Newshound Guru Kaperoni Article quote: "The dollar witnessed the exchange rate of the dinar against a significant decline recently due to increased selling hard currency at the central bank auction rate as sales exceeded $ 250 million per day after it was more than $ 130 million in the past years. ...I cannot recall ever seeing an article stating that sales was over $200 million in a day. And with the IMF and UST helping them reduce the spread I find it unlikely that this is not closely watched.
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Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1-A (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister and Commander-in-Chief of the Armed Forces Dr. Haider Al-Abadi heads a meeting of the Ministerial Council for National Security
March 25, 2018
Prime Minister and Commander-in-Chief of the Armed Forces Dr. Haider al-Abadi on Sunday chaired a meeting of the Ministerial Council for National Security.
During the meeting, they discussed the security situation in the country and the cleansing operations that track terrorist cells in cooperation with the intelligence effort.
Internet service providers were also followed up and a committee set up to follow up on its work.
The council discussed Malaysia's ban on its citizens involved with gangs, calling on terrorists to return.
The Council also discussed the implementation of previous resolutions, directives and a number of other topics on its agenda.
Prime Minister 's Media Office
25 March 2018
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ARTICLE 1-B (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister Dr. Haider Al-Abadi receives the Commander of Central Central Command General Joseph Fotel
March 25, 2018
Prime Minister Haidar al-Abadi received at his office on Sunday Central Command Central Command General Joseph Fotel and his accompanying delegation.
During the meeting, the cooperation in the field of training, intelligence coordination, cleansing operations and the prosecution of terrorist gangs continued.
General Voetel praised the capabilities and plans of the Iraqi forces, noting that Iraqi forces are taking seriously the remnants of terrorism.
Prime Minister 's Media Office
25 March 2018
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ARTICLE 2
Jubouri stresses the need to invest the remainder of the session of Parliament to pass important laws
2018/3/24 13:11
[Ayna-Baghdad]
Speaker of the House of Representatives Salim al-Jubouri, on Saturday, members of parliament to attend the meeting next Tuesday to complete the legislation and laws important to the vote.
"The House of Representatives continues to perform its duty and assume its responsibilities as stipulated by the Constitution and the law until the end of its session," Jubouri said in a statement to his office.
He added that "there are many important laws to be voted and it is necessary to invest the remainder of the current session in order to approve and not to be deported to the next session."
The parliament set a date next Tuesday for its meeting.
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ARTICLE 3
The Cabinet reviews the Japanese JICA programs in Iraq and examines Germany's future projects in Iraq
BAGHDAD, March 26 (KUNA) - The Secretary General of the Council of Ministers discussed with JICA Director in Iraq, Japan International Cooperation Agency (JICA), and his accompanying delegation Japan's role in enhancing joint cooperation with Iraq in the coming stage.
Mr. Hayakawa reviewed the most important cooperation programs that JICA wishes to implement in Iraq in the future, most notably those aimed at the reconstruction of the Iraqi areas liberated from the criminal "Da'ash" organization.
The General Secretariat welcomed the work of JICA in Iraq, expressing "its support to provide all possible facilities to them, especially as Iraq today begins a new phase towards reconstruction and stability and investment, and the Iraqi government ready to attract investment in economic projects in the liberated provinces."
I discussed with German Charge d'Affaires in Iraq, Stefan Ivers, the future projects that the Federal Republic of Germany intends to implement in Iraq in the field of electricity, oil and other fields in order to support the process of stability and reconstruction in the liberated areas of Iraq, especially as German companies are eager to participate in the rehabilitation. Infrastructure of these areas, and investment in Iraq. The secretary-general also referred to the forthcoming meeting of the next stabilization cell in the city of Mosul in coordination with the German embassy. Ending AH
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ARTICLE 4
Rafidain is preparing to offer banking services at the Baghdad International Book Fair
2018/3/26 8:32
[Ayna-Baghdad]
Al-Rafidain Bank announced the completion of its preparations to participate in the Baghdad International Book Fair from 29 March to the eighth of next month.
A statement of the bank received the agency of all of Iraq [where] a copy of it, "the creation of all the requirements of residence and participation in it through the presentation of illustrations and photographs reflect the achievements of the bank."
He pointed out that "the bank also intended to prepare pamphlets and identification cards relating to the nature of services provided by the bank loans and advances and the issuance of electronic payment tools in addition to other financial facilities."
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ARTICLE 5-A
The War Media Cell announces the completion of the demining project near Shalamjah border crossing
BASRA, March 26 (UPI) - The Military Information Cell reported on Monday that "Major General 26 announced the completion of the project to clear the land adjacent to the road leading to Shalamjah border crossing in the Shatt al-Arab district, east of Basra province."
"The work on the land clearance project adjacent to the road leading to the Shalamjeh border crossing in the Shatt al-Arab district has been completed and is being prepared for the purpose of establishing the return route for this road," said the commander of the Al-Wafa campaign for Basra. "The statistics on the number and types of mines will be Announced the announcement at an official ceremony soon that the brigade found mines and armor described as dangerous as well as personal mines placed during the era of the former regime during the war with Iran in the eighties of the last century. Finished
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ARTICLE 5-B
More than 50 families from IDP camps returned to their areas west of Anbar.
ANBAR, March 26 (Xinhua) - The security authorities responsible for the displaced persons camp in the Amriya al-Samoud district south of Falluja have agreed to return more than 50 displaced families to their liberated areas, Qaim district in western Anbar and other areas in the western sector after checking their security files. "
He added that "the competent security committees consider the cases of displaced persons in preparation for the return of all families to their areas of residence after it was proved that there is no security index and that the security forces provided special wheels to transport the displaced to their liberated areas." AH
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ARTICLE 6
Britain for its passengers: Do not drink alcohol or flirt with women in these countries
2018/3/26 8:20 • 1888 times read
[Ayna-Follow]
British intelligence service M15 has issued a book of instructions to employees of major British companies operating in Russia and China to avoid being caught in the Russian espionage trap against the background of the Scrippel poisoning case.
In the Smart Traveler, the National Intelligent Infrastructure Protection Center (CPNI) warned heads of major companies traveling to Russia and China to commit "indecent acts," including excessive use of alcohol, drug abuse, gambling and money-laundering. Black market and online dating and women's courtship.
London pointed out that such actions may make British travelers victims of blackmail or espionage and harm the reputation and reputation of the company and Britain in general, especially "in light of the approach of a new Cold War," according to the newspaper "Daily Mail" British, on Sunday.
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