Word on the Street Wednesday 3/14/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,162.0000 | 1,162.0000 | 1,162.0000 | | 21:00 |
| USD/VND | | | 22,731.5000 | 22,334.0000 | 22,334.0000 | | 05:15 |
| USD/CNY | | | 6.3221 | 6.3064 | 6.3194 | | 06:11 |
| USD/KWD | | | 0.2997 | 0.2988 | 0.2997 | | 05:55 |
| GBP/USD | | | 1.3995 | 1.3941 | 1.3978 | | 06:11 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,759.0000 | 13,718.0000 | 13,732.0000 | | 06:11 |
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Iraq enters electronic banking to catch up with global development
Editorial Date: 2018/3/14 8:35 • 264 times read
(Baghdad: Al-Furat News) The advancement of payments is the most important steps to develop financial systems in Iraq and catch up with developments in the payment systems in the developed world.
The Central Bank of Iraq is taking serious steps to move to make public and private payment systems electronically managed.
The bank stressed its desire to develop electronic payment mechanisms in line with global developments and to spread advanced payment technologies in all areas of Iraq without exception, including all transactions for the public and private sectors.
He pointed out that the past days witnessed the organization of a workshop in the province of Maysan addressed the importance of moving to a system of payments developed, as well as the activation of points of sale targeted various segments of the community of the employees of the province and some of its departments, as well as traders and owners of big markets (Malls), restaurants, hotels and others to activate the subject of points of sale And in cooperation with the province of Maysan.
He pointed out that the audience listened to a detailed explanation on the importance of resettlement and the mechanism set by the Central Bank to implement the decisions of the Council of Ministers.
The Governor of Maysan Ali Douai, during his speech at the opening of the workshop on "the importance of this step to be followed by a review of the status of the province in the settlement of salaries of employees," stressing "the freedom of the employee to choose according to his wishes based on the benefits provided by each bank and during the next week will choose all Employee of the bank who sees it fulfills his wishes to be followed by agreement with those banks and start settling salaries, declaring that he is the first to settle his salary in banks.
All banks presented their offers to the staff of the Diwan and other departments associated with the governorate and other departments.
It has become increasingly necessary to catch up with the global development, especially in the financial sector, which has adopted advanced systems benefiting from technological developments in the world, because it is commensurate with the requirements of the implementation of work, which has reduced the time and effort much more than before.
And that the transfer of salaries and disbursement through electronic payment is important and a positive shift to achieve great benefit to the national economy and maintain a large proportion of liquidity within the banking system.
Work is being done to make electronic payment mechanisms through the Central Bank of Iraq.
The director of training and management in the Association of Private Banks Ahmed al-Hashemi, "the importance of the direction of banks towards electronic banking and information technology, and be dealt with in a precise manner that leads to the completion of financial operations according to the requirements of the customer of different, and thus we have to offer competitive products provided regionally."
He stressed that "global companies and the requirements of reconstruction require sophisticated technology, and Iraq is able to possess technology to produce sophisticated products, especially after the victories on the preacher and the terrorist approach to develop the private sector technology in the detailed human resources."
The bank stressed its desire to develop electronic payment mechanisms in line with global developments and to spread advanced payment technologies in all areas of Iraq without exception, including all transactions for the public and private sectors.
He pointed out that the past days witnessed the organization of a workshop in the province of Maysan addressed the importance of moving to a system of payments developed, as well as the activation of points of sale targeted various segments of the community of the employees of the province and some of its departments, as well as traders and owners of big markets (Malls), restaurants, hotels and others to activate the subject of points of sale And in cooperation with the province of Maysan.
He pointed out that the audience listened to a detailed explanation on the importance of resettlement and the mechanism set by the Central Bank to implement the decisions of the Council of Ministers.
The Governor of Maysan Ali Douai, during his speech at the opening of the workshop on "the importance of this step to be followed by a review of the status of the province in the settlement of salaries of employees," stressing "the freedom of the employee to choose according to his wishes based on the benefits provided by each bank and during the next week will choose all Employee of the bank who sees it fulfills his wishes to be followed by agreement with those banks and start settling salaries, declaring that he is the first to settle his salary in banks.
All banks presented their offers to the staff of the Diwan and other departments associated with the governorate and other departments.
It has become increasingly necessary to catch up with the global development, especially in the financial sector, which has adopted advanced systems benefiting from technological developments in the world, because it is commensurate with the requirements of the implementation of work, which has reduced the time and effort much more than before.
And that the transfer of salaries and disbursement through electronic payment is important and a positive shift to achieve great benefit to the national economy and maintain a large proportion of liquidity within the banking system.
Work is being done to make electronic payment mechanisms through the Central Bank of Iraq.
The director of training and management in the Association of Private Banks Ahmed al-Hashemi, "the importance of the direction of banks towards electronic banking and information technology, and be dealt with in a precise manner that leads to the completion of financial operations according to the requirements of the customer of different, and thus we have to offer competitive products provided regionally."
He stressed that "global companies and the requirements of reconstruction require sophisticated technology, and Iraq is able to possess technology to produce sophisticated products, especially after the victories on the preacher and the terrorist approach to develop the private sector technology in the detailed human resources."
Rafidain announces a new batch of military retirees
(Independent) ... Rafidain Bank announced on Wednesday the disbursement of the eighth installment of the retired military veterans of three million dinars.
The bank's information office said in a statement received by the Independent that the eighth installment of the military pension of three million was paid to about 2,962 retirees.
The statement said that the disbursement of this advance was by informing the pensioner by sending him a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through electronic payment tools.
Baghdad exhibition hosts several specialized exhibitions
Date of release: 2018/3/14 11:24 • 70 times read
(Baghdad: Al Furat News) The General Company for Exhibitions and Trade Services of Iraq announced the establishment of a number of specialized exhibitions on the ground of the Baghdad International Fair during the month of April, September and October of this year.
A statement issued by the Ministry of Commerce, received by the agency {Euphrates News} a copy of it, the Director General of the company Hashim Mohammed Hatem as saying that "the specialized exhibition, which will be held during the month of April next and in coordination with the company is the Iraq International Travel and Tourism Fair organized by the company for exhibitions and conferences for the period of April 24-27 ".
He added that "the exhibitions to be held during the months of September and October is the agricultural exhibition of food for the period from 5-8 / 9/2018 and the exhibition of Iraq for construction and reconstruction, as well as Iraq Exhibition for electricity and energy and reconstruction of the liberated provinces for the period 8-11 / 10/2018, organized by International Company for Exhibitions and Conferences Organization limited liability in coordination with the Iraqi Exhibitions Company.
"The launch of more than one exhibition during the second half of March is the exhibition of specialized health services {hime} and exhibition of the Iraqi travel market and the first exhibition of Iraqi universities and the exhibition of fashion and civil beauty and the book fair and Iraq International Exhibition for Education and all these exhibitions will be held on the ground of the Baghdad International Fair" .
He pointed to "the establishment of the Egyptian shopping exhibition in Najaf province for the period 4-14 / 4/2018, which is organized by the company for the establishment of exhibitions and conferences in coordination with the Iraqi Exhibitions Company."
He added that "the exhibitions to be held during the months of September and October is the agricultural exhibition of food for the period from 5-8 / 9/2018 and the exhibition of Iraq for construction and reconstruction, as well as Iraq Exhibition for electricity and energy and reconstruction of the liberated provinces for the period 8-11 / 10/2018, organized by International Company for Exhibitions and Conferences Organization limited liability in coordination with the Iraqi Exhibitions Company.
"The launch of more than one exhibition during the second half of March is the exhibition of specialized health services {hime} and exhibition of the Iraqi travel market and the first exhibition of Iraqi universities and the exhibition of fashion and civil beauty and the book fair and Iraq International Exhibition for Education and all these exhibitions will be held on the ground of the Baghdad International Fair" .
He pointed to "the establishment of the Egyptian shopping exhibition in Najaf province for the period 4-14 / 4/2018, which is organized by the company for the establishment of exhibitions and conferences in coordination with the Iraqi Exhibitions Company."
Al-Mayahi: Re-opening the airports of the province is a positive step to strengthen the stability of Iraq
Release date: 2018/3/14 10:36 • 83 times read
{Baghdad: Al-Furat News} A leading member of the list of the current national wisdom, the decision of the federal government, the reopening of international flights to airports Erbil and Sulaymaniyah.
"The reopening of airports in the Kurdistan region is a positive step, we call for strengthening them by subsequent steps to complete the solution of other problems," said Mohammed al-Mayahi in a statement received by the agency (Euphrates News) a copy of it, "the resetting of crises between the region and the federal government will generate stability throughout Iraq."
"The regional government must deal with flexibility and positive investment Baghdad, abide by the Constitution and the law and not repeat the previous illegal measures."
The Prime Minister, Haider Abadi, issued on Tuesday, a decree ordering the reopening of the two airports in the Kurdistan region within a period of not more than a week.
"We thank Mr. Abadi for lifting the ban on international flights at the airports of Kurdistan, and this step is correct and important and is the first on the right track, Promising and calling for the solution of the rest of the differences on the basis of the Constitution. "
"The regional government must deal with flexibility and positive investment Baghdad, abide by the Constitution and the law and not repeat the previous illegal measures."
The Prime Minister, Haider Abadi, issued on Tuesday, a decree ordering the reopening of the two airports in the Kurdistan region within a period of not more than a week.
"We thank Mr. Abadi for lifting the ban on international flights at the airports of Kurdistan, and this step is correct and important and is the first on the right track, Promising and calling for the solution of the rest of the differences on the basis of the Constitution. "
Baghdad and Arbil agree to unify the administrative instructions and regulations of the tax
Release date: 2018/3/13 22:39 • 390 times read
(Arbil: Euphrates News) The central governments and the Kurdistan region agreed on Tuesday to hold tax accounts for private banks and non-bank financial institutions based on the location of the headquarters, in addition to the unification of administrative instructions and controls.
A document to a meeting minutes signed by the governor of the Central Bank Ali Alaq, the Minister of Finance and Economy of the Kurdistan Regional Government Zubar Mohammad Halaman, the Director General of the Tax Authority Abbas successful, and the Director General of Taxation in the Kurdistan region Kamal Tayeb Qadir.
"A joint meeting was held on 13/3/2018 under the auspices of the Governor of the Central Bank Ali Alaq and the Minister of Finance and Economy in the Kurdistan Region and the presence of a number of specialists from the Central Bank and the Ministry of Finance and the Ministry of Finance and Economy in the region on the procedures of tax accounting for banks and non-banking financial institutions "He said.
According to the minutes, "the meeting was briefed on the minutes of the meeting which was held in the region 26/7/2017 for the same purpose, and also read the book of the General Authority for Taxation No. 61/1634 on 30/7/2017 addressed to the Prime Minister / Minister of Finance Agency on the same Subject and inform his state of its content. "
According to the minutes, "the participants decided that the tax accounting with private banks and non-bank financial institutions will be based on the location of the bank's headquarters or non-bank financial institution and all its branches operating in Iraq as of the estimated year 2018. For non-bank financial institutions,
He continued to work on unifying the annual instructions and controls by involving the tax administration in the region and determining the mechanism of tax accounting for other companies to accomplish this before the date 30/6/2018, and recognizing the documents and the acquittal of each party by the other party and forming a permanent joint coordination committee between the two administrations for the purpose of Follow-up".
He pointed out that "the parties to take the necessary action to implement the above-mentioned paragraphs by circulating it to all relevant departments and relevant authorities in the unilateral government and the region."
Iraq to launch new “Basrah Medium” Crude Oil Grade
Platts reports that Iraq plans to launch a new Basrah Medium crude oil grade “whenever logistics allow,” to provide “more stability” in existing grades.
It quotes Ali Nazar al-Shatari, the Deputy Director General of the State Oil Marketing Organization (SOMO) as saying the new grade will have an API gravity of 29-30 degrees, with 2 percent sulphur.
Basrah Heavy will remain largely the same at 23 degrees API and 4 percent sulphur, while Basrah Light will be become even lighter, rising to 34 API degrees, up from an average of 29-31 degrees currently.
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The United Nations declares its response to the requirements of the Iraqis with the help of Sweden
The United Nations High Commissioner for Refugees (UNHCR) has responded to the needs of various Iraqis with the help of the Government of Sweden.
The UNHCR said in a statement that an estimated eight million and seven hundred thousand Iraqis still need vital assistance, noting that the displaced who returned to their cities lack the foundations of normal life.
The Commission said that the needs require a different response dimensions and thanks to Sweden's contribution of 14 million crowns, the Commission will be able to provide protection and assistance in emergencies as well as contribute to the long-term crisis.
He called on the representative of the Commission in Iraq Bruno Gedo to support Iraq in this troubled time, saying that the support of various parties will keep the Commission to Iraq side to recover .d
France Welcomes Lifting Embargo on Kurdistan Airports
ERBIL — French President Emmanuel Macron welcomed on Tuesday a decision by Baghdad that lifts the flight ban from Kurdistan Region’s airports.
“I welcome the lifting of the embargo on Erbil airport in Kurdistan of Iraq. France is standing with Prime Minister Haider al-Abadi and Prime Minister Nechirvan Barzani,” Macron said on his official Twitter account.
He also reiterated his country’s support for strengthening the dialogue between Erbil and Baghdad.
On Tuesday, PM Abadi signed a decision according to which it allows the resumption of international flights to Erbil and Sulaymaniyah airports.d
Sisi discusses with the Jordanian Prime Minister the crises of Syria and Iraq
Mar 14, 2018
Stressed the special relationship between Cairo and Amman and the importance of continuing coordination d
CAIRO - Egyptian President Abdel Fattah al-Sisi stressed on Tuesday the importance of relations between Jordan and Jordan, especially under the circumstances and challenges facing the region.
This came after the reception of the Jordanian Prime Minister Hani al-Mulqi, according to presidential spokesman Bassam Radi.
The Spokesman said in a statement that the Jordanian Prime Minister affirmed the strength and strength of the relations between the two countries and the keenness of Jordan to strengthen them in various fields. He also referred to the importance of continuing coordination with Egypt on various issues of common concern, especially in view of the importance and centrality of the Egyptian role in the region. Contribute to the common challenges facing the Arab nation and push forward the strategic relations between the two countries. "
He added that "the Egyptian president pointed to the importance of continuing intensive coordination between the two sides at all levels, stressing Egypt's keenness to continue work on the development of joint cooperation between the two countries, thus contributing to the interests of the two countries and the two brotherly peoples."
The meeting reviewed the overall bilateral relations between the two countries, expressing their satisfaction with the level of coordination between the two sides, stressing the importance of strengthening economic relations and increasing trade exchange to the level of political relations and historical ties that bring together the two peoples.
The meeting also reviewed the latest developments in the region as well as the developments related to a number of crises witnessed by some Arab countries, especially the situation in both Syria and Iraq, where the importance of political solutions to the crises experienced by a number of Arab countries, Its territory and the capabilities of its people. "
According to the spokesman, "both sides agreed to coordinate reconstruction efforts and support Iraqi efforts to restore security and stability in Iraq."
In the context, Sadqi Sobhi, commander-in-chief of the armed forces, received the Egyptian Minister of Defense, Al-Mulqi and his accompanying delegation.
The two sides discussed the latest developments on the local and regional levels and their implications for security and stability in the region and discussed a number of issues and issues of common interest in the light of the cooperation relations between the armed forces of both countries.
During the meeting, Subhi stressed "the depth of the historical ties between the two countries and the two brotherly peoples, and the close bilateral cooperation relations at various levels to meet the challenges and changes that aim at security and stability in the Arab region and the Middle East."
Al-Moqli stressed "intensive coordination and consultation with Egypt on regional and international issues and the provision of all means of joint cooperation in all fields to meet the common interests of the two brotherly countries."
The meeting was attended by General Mohamed Farid, Chief of Staff of the Armed Forces, a number of Armed Forces leaders, and the Jordanian Ambassador in Cairo.
Al-Moqli "left Amman on an official visit to the Arab Republic of Egypt, which will last for one day during which he will meet Egyptian President Abdel Fattah Al-Sisi," according to the official Petra news agency, which indicated that the Jordanian Prime Minister "will meet with Egyptian Prime Minister Sherif Ismail and a number of officials to discuss relations Bilateral cooperation and means of enhancing joint cooperation in all fields. "
"During the visit, the prime minister is accompanied by Deputy Prime Minister and Minister of State for Economic Affairs Dr. Jafar Hassan, Health Ministers Dr. Mahmoud Al-Shiyab and State for Media Affairs Dr. Mohammad Al-Momani, Industry, Trade and Supply Eng.
This came after the reception of the Jordanian Prime Minister Hani al-Mulqi, according to presidential spokesman Bassam Radi.
The Spokesman said in a statement that the Jordanian Prime Minister affirmed the strength and strength of the relations between the two countries and the keenness of Jordan to strengthen them in various fields. He also referred to the importance of continuing coordination with Egypt on various issues of common concern, especially in view of the importance and centrality of the Egyptian role in the region. Contribute to the common challenges facing the Arab nation and push forward the strategic relations between the two countries. "
He added that "the Egyptian president pointed to the importance of continuing intensive coordination between the two sides at all levels, stressing Egypt's keenness to continue work on the development of joint cooperation between the two countries, thus contributing to the interests of the two countries and the two brotherly peoples."
The meeting reviewed the overall bilateral relations between the two countries, expressing their satisfaction with the level of coordination between the two sides, stressing the importance of strengthening economic relations and increasing trade exchange to the level of political relations and historical ties that bring together the two peoples.
The meeting also reviewed the latest developments in the region as well as the developments related to a number of crises witnessed by some Arab countries, especially the situation in both Syria and Iraq, where the importance of political solutions to the crises experienced by a number of Arab countries, Its territory and the capabilities of its people. "
According to the spokesman, "both sides agreed to coordinate reconstruction efforts and support Iraqi efforts to restore security and stability in Iraq."
In the context, Sadqi Sobhi, commander-in-chief of the armed forces, received the Egyptian Minister of Defense, Al-Mulqi and his accompanying delegation.
The two sides discussed the latest developments on the local and regional levels and their implications for security and stability in the region and discussed a number of issues and issues of common interest in the light of the cooperation relations between the armed forces of both countries.
During the meeting, Subhi stressed "the depth of the historical ties between the two countries and the two brotherly peoples, and the close bilateral cooperation relations at various levels to meet the challenges and changes that aim at security and stability in the Arab region and the Middle East."
Al-Moqli stressed "intensive coordination and consultation with Egypt on regional and international issues and the provision of all means of joint cooperation in all fields to meet the common interests of the two brotherly countries."
The meeting was attended by General Mohamed Farid, Chief of Staff of the Armed Forces, a number of Armed Forces leaders, and the Jordanian Ambassador in Cairo.
Al-Moqli "left Amman on an official visit to the Arab Republic of Egypt, which will last for one day during which he will meet Egyptian President Abdel Fattah Al-Sisi," according to the official Petra news agency, which indicated that the Jordanian Prime Minister "will meet with Egyptian Prime Minister Sherif Ismail and a number of officials to discuss relations Bilateral cooperation and means of enhancing joint cooperation in all fields. "
"During the visit, the prime minister is accompanied by Deputy Prime Minister and Minister of State for Economic Affairs Dr. Jafar Hassan, Health Ministers Dr. Mahmoud Al-Shiyab and State for Media Affairs Dr. Mohammad Al-Momani, Industry, Trade and Supply Eng.
France: Our relationship is very old with the Kurds and the Turkish operation in Afrin is unjustified
In the strongest terms to Turkey regarding its interference with Syria ...
The French government has faced increasing criticism at home about its handling of developments in northern Syria, where Turkey began a military offensive about two months ago against the units of protection of the Syrian Kurdish people from the border area.
"Although the concerns about border security are legitimate ... at the same time, we should say that this does not in any way justify the deep incursion of the Turkish forces in the Afrin region," he told parliamentarians.
The minister warned that "the situation is critical and dangerous," adding that Paris is afraid that the Turkish operation will also weaken the move against the organization is urging, the Kurds were on more than a spearhead in the face of terrorists.
France, like the United States, has provided weapons and training to armed factions led by Kurdish units in the fight against a pro-Syrian organization in Syria, and dozens of special forces in the region.
The Turkish army announced Tuesday that it was surrounded by the city of Afrin, backed by Syrian armed groups.
The Syrian Democratic Forces, an alliance of Arab insurgents and Kurds supported by the International Coalition, has recovered from the support of a portion of the territory it controlled in Syria, including in particular his former stronghold of Al-Rigga.
"It is a national security priority, and we fear that the move by Turkey (in Afrin) will weaken the pressure on the remaining tools for Damascus," he said.
At the beginning of March, the US Department of Defense admitted that the departure of a section of the Syrian Democratic Forces forces towards Afrin had led to a "practical halt" in the war on the Dahesh.
"We have a very long-standing relationship with the Kurds and we recognize the essential role they played in restoring Al-Raqqa," he said. The advance of Turkish-backed militias in the Syrian region of Afrin raises fears of a new humanitarian tragedy.
Tehran Committed to Upholding Sovereignty of Iraq
https://financialtribune.com/
Wednesday, March 14, 2018
The Foreign Ministry spokesperson renewed Iran's commitment to respecting the sovereignty of Iraq, in comments on the Islamic Republic's stance regarding the upcoming parliamentary elections in the neighboring Arab country.
"Evidently, we have not and will not interfere in Iraqi internal affairs, and as a friendly and neighborly country, we have spared no effort to help [the Iraqis] whenever they needed our assistance," IRNA quoted Bahram Qasemi as saying in an interview with Al-Alam news network on Monday. Iraq's parliamentary elections, set for May 12, will be the first since the defeat of the self-styled Islamic State terrorist group.
"I believe that the vote will greatly contribute to the formation process of Iraq's new democracy and the establishment of a lasting security and sustainable economic development," Qasemi said.
Wednesday, March 14, 2018
The Foreign Ministry spokesperson renewed Iran's commitment to respecting the sovereignty of Iraq, in comments on the Islamic Republic's stance regarding the upcoming parliamentary elections in the neighboring Arab country.
"Evidently, we have not and will not interfere in Iraqi internal affairs, and as a friendly and neighborly country, we have spared no effort to help [the Iraqis] whenever they needed our assistance," IRNA quoted Bahram Qasemi as saying in an interview with Al-Alam news network on Monday. Iraq's parliamentary elections, set for May 12, will be the first since the defeat of the self-styled Islamic State terrorist group.
"I believe that the vote will greatly contribute to the formation process of Iraq's new democracy and the establishment of a lasting security and sustainable economic development," Qasemi said.
These are the happiest countries in the world by 2018
Editorial Date: 2018/3/14 12:00 • 324 times prescribed
{International: Baghdad} The World Happiness Report issued on Wednesday ranked one hundred and fifty-six countries according to levels of happiness, based on factors such as life expectancy, social support and corruption.
This year's report is the first to include migrants assessed in a hundred and seventeen countries.
Scandinavian countries have dominated the index since it was first released in 2012. At the top of this index, Finland pushed neighboring Norway to second place.
The other top 10 countries are Denmark, Iceland, Switzerland, the Netherlands, Canada, New Zealand, Sweden and Australia.
The United States fell to 18 from 14 last year in the index compiled by the United Nations Sustainable Development Solutions Network
Scandinavian countries have dominated the index since it was first released in 2012. At the top of this index, Finland pushed neighboring Norway to second place.
The other top 10 countries are Denmark, Iceland, Switzerland, the Netherlands, Canada, New Zealand, Sweden and Australia.
The United States fell to 18 from 14 last year in the index compiled by the United Nations Sustainable Development Solutions Network
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5 things you need to know Tuesday
USA TODAY
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Gold slips as dollar firms ahead of CPI report that could shift Fed rate-hike pace
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Mining Weekly Africa
China's Zijin Mining Group has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade. President Aleksandar Vucic on Monday met representatives of the Chinese firm, who expressed an intention to invest several hundred million dollars in the business, his office said in a statement. Read the full story
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What Barney Frank really thinks about the rollback of Dodd-Frank
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Lead exposure may be linked to 250,000 heart-disease deaths each year, study finds
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Forex - Dollar Holds Onto Gains with Inflation Report on Tap
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AFRICA
Brexit preparation bill expected to cost £2bn by March 2019
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GLOBAL/NEWS/INFO
The great wealth transfer is coming: What you need to know
Fox Business
! Baby boomers, the richest generation in history, are aging and preparing to pass down a record-breaking amount of assets. It has been estimated that millennials stand to inherit $30 trillion from their predecessors, a phenomenon that has been dubbed "the great wealth transfer." Millennials surpassed baby boomers as the largest living generation during recent years, though the latter is still the richest. Baby boomers control at least 70% of all disposable income in the U.S. This unprecedented Read the full story
Fox Business
! Baby boomers, the richest generation in history, are aging and preparing to pass down a record-breaking amount of assets. It has been estimated that millennials stand to inherit $30 trillion from their predecessors, a phenomenon that has been dubbed "the great wealth transfer." Millennials surpassed baby boomers as the largest living generation during recent years, though the latter is still the richest. Baby boomers control at least 70% of all disposable income in the U.S. This unprecedented Read the full story
Million-dollar corporate jets aim to reach new heights
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Larry Page’s flying taxis approach regulatory approval in New Zealand
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Here come the $4,000 homes that can be printed in less than 24 hours
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These are the countries where spanking is illegal
CNN
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Sixty countries and territories around the world have adopted legislation that fully prohibits using corporal punishment against children at home. Read the full story
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OIL/COMMODITIES/ENERGY
Gold slips as dollar firms ahead of CPI report that could shift Fed rate-hike pace
MarketWatch
Gold prices retreat Tuesday as the dollar firms ahead of a reading on U.S. consumer-level inflation that could push the Federal Reserve into more-aggressive interest-rate moves this year. Read the full story
Gold Prices Hold Steady as U.S. Dollar Remains Supported
Investing.com
Investing.com
© Reuters. Gold prices little changed, eyes on U.S. inflation data Read the full story
Gold Prices Bounce Off Session Lows as Dollar, Yields Fall
Investing.com
Investing.com
Forex Mar 12, 2018 18:06 GMT Investing.com – Gold prices moved off the lows as safe-haven demand inched higher amid growing fears that President Donald Trump’s tariffs on steel and aluminium imports could spark a trade war with U.S.’s key trading allies. Gold futures for April delivery on the Comex division of the New York Mercantile Exchange fell by $3.10, or 0.24%, to $1,320.80 a troy ounce. Gold prices clawed back some their losses after falling to a session low of $1,315.50. China – Read the full story
Oil prices fall on relentless rise in U.S. crude output
Business Insider
Business Insider
FILE PHOTO - A pump jack is seen at sunrise near Bakersfield Thomson Reuters By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell on Tuesday, extending falls from the previous day, as the relentless rise in U.S. crude output weighed on markets. U.S. West Texas Intermediate (WTI) crude futures were at $61.20 a barrel at 0122 GMT, down 16 cents, or 0.2 percent, from their previous close. Brent crude futures were at $64.80 per barrel, down 15 cents, or 0.2 percent. Both crude benchmarks Read the full story
Oil Slides As Growing Shale Supply Seen Stabilizing U.S. Hub
Investor's Business Daily
Investor's Business Daily
WTI for April delivery fell 68 cents to settle at $61.36 a barrel on the New York Mercantile Exchange, after gaining $1.92 on Friday. Read the full story
Crude Oil Prices Move Lower on U.S. Output Rise
© Reuters. Crude oil prices lose ground as U.S. production rises Read the full story
At $232 Billion, World's 3rd-Largest Oil Major Looks Cheap
Bloomberg
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App With its earnings outlook improving and massive pipeline assets expected to be restructured, analysts are forecasting a rally in PetroChina Co.’s Hong Kong shares, which are still trading at 2008 crisis levels. Out of 22 analysts tracked by Bloomberg who follow China’s state-run global oil major, 14 recommend buying the stock and none call for selling. Consensus price target for the stock is about 27 percent higher than the current level, Read the full story
China's Zijin Mining interested in Serbian copper mine RTB, Belgrade says
China's Zijin Mining Group has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade. President Aleksandar Vucic on Monday met representatives of the Chinese firm, who expressed an intention to invest several hundred million dollars in the business, his office said in a statement. Read the full story
BANKS/BANKING/CREDIT
Self-Lender: An Easy Way to Build Credit | Credit.com
Credit.com
Traditionally, we’re told that it’s important to build credit, and that in order to do so, we need to get a credit card. But with no credit history, or with a poor credit history it’s usually difficult to get one. And if we can’t qualify for a regular unsecured card, then the only other options seem to be to apply for a secured card, or to become an authorized user on someone else’s account. But for some people who are strapped for cash, even the minimum deposit for a secured card – usually Read the full story
How a Bank's AI Credit Card Could Help Solve the Equifax Problem
FORTUNE
FORTUNE
Capital One's artificially intelligent assistant will now generate virtual credit card numbers for consumers. Now more than ever, consumers are at risk of having their credit cards used fraudulently without their permission, a problem made significantly worse by last year’s massive Equifax hack. The breach at Equifax, one of the three major consumer credit reporting agencies in the U.S., exposed the sensitive data of more than 145 million people, including credit card numbers, addresses, Social Read the full story
Central banks would threaten the global financial system if they issued their own cryptocurrencies
Business Insider
Business Insider
A new report from the Bank for International Settlements questions the viability of central bank issued cryptocurrencies. "The introduction of a central bank digital currency (CBDC) would raise fundamental issues that go far beyond payment systems and monetary policy transmission and implementation," the BIS said. Cryptocurrencies have entered the consciousness of central banks in recent years as they increase in popularity. LONDON - Central banks issuing their own cryptocurrencies could Read the full story
China Proposes to Merge Banking, Insurance Regulators
Bloomberg
Bloomberg
China announced plans to merge regulators responsible for $43 trillion of financial assets, creating a new body with enhanced oversight of its banking and insurance industries. Bloomberg's Tom Mackenzie reports on "Bloomberg Daybreak: Asia." Read the full story
China unveils shake-up of bank regulation to rein in credit spree
the guardian
Banks have to be nimble like tech firms, says the CEO of Southeast Asia's largest bankthe guardian
Insurance and banking regulators will be combined into one agency as credit in the world’s second largest economy has exploded since the financial crisis China has unveiled plans for the biggest shakeup of its government in recent years, including the merger of its banking and insurance regulators to better handle financial risks as leaders look to address concerns over growing debt. The proposed changes create new bureaus, do away with others, and shift around responsibilities. Continue reading Read the full story
CNBC
Banks have to embrace technology and change their culture to be like startups,DBS CEO Piyush Gupta said, amid growing competition from tech giants like Alibaba. Read the full story
China’s AgBank shares surge 5pc on planned record US$15.8 billion private placement
South China Morning Post
South China Morning Post
Massive deal compares with total IPO fundraising on the A-share market last year of US$36.36 billion Read the full story
VICE
The Senate is on the verge of passing a bill that will weaken Dodd-Frank, the landmark 2010 banking reform law. Read the full story
Senate banking bill rewards Equifax despite privacy breaches
POLITICO
Newly released provisions would allow the company and its industry peers to enter the mortgage market while shielding them from consumer lawsuits. Read the full story
POLITICO
Newly released provisions would allow the company and its industry peers to enter the mortgage market while shielding them from consumer lawsuits. Read the full story
TREASURIES/BONDS/STOCKS
What you can learn from the 1987 stock market crash
MarketWatch
Don’t make the mistake that fear-driven investors did on that fateful 1987 day. Read the full story
Forget slowing CPI, India’s $93 billion bond sales the big worry
Livemint
Livemint
Mumbai: India’s Rs6.06 trillion ($93 billion) of debt sales from April mean bond traders are brushing aside the most benign inflation data they have had in four months. Read the full story
The Fed could have a surprise in store for Wall Street
New York Post
New York Post
Wall Street is wondering whether there will be three or four interest rate hikes this year. After Friday’s strong employment report for February, four seems to now be the odds-on favorite. I’m going to be a troublemaker and suggest something else: If the Federal Reserve is truly worried about an overheating economy and future inflation, then there are some shocking steps it could take that won’t make the stock market or the Trump administration happy. I’m not saying this is going to happen — I Read the full story
US Treasury yields tick higher ahead of key inflation data
CNBC
CNBC
U.S. government debt prices were lower Tuesday morning ahead of some key economic data. Read the full story
Here's how bond investors can position themselves with rates on the rise
CNBC
One portfolio manager recommends fixed-income investors look to high-grade bonds over high-yield in a rising rate environment. Read the full story
Small business and inflation — What you need to know in markets on Tuesday
Yahoo Finance
Investors on Tuesday will get two of the week's biggest economic reports out in the morning — February data on inflation and small business optimism. Read the full story
Yahoo Finance
Investors on Tuesday will get two of the week's biggest economic reports out in the morning — February data on inflation and small business optimism. Read the full story
INSURANCE/HEALTH
Lead exposure may be linked to 250,000 heart-disease deaths each year, study finds
USA TODAY
“The levels of lead in standards right now are too high to protect kids,” the study's author said. Read the full story
Tracing sickle cell back to one child, 7,300 years ago
BBC News US
BBC News US
Once upon a time in the rainy Sahara forest a child was born with a mutation - or so scientists think. Read the full story
Lots of talk, little action on curbing health care costs
ABC News
ABC News
Lots of talk, little action on curbing health care costs in Washington Read the full story
Here's how the Great Recession impacted your health
CNN
The effects of the Great Recession included a toll on human health, a new study that looked at blood pressure and blood glucose levels found. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin climbs back above $9,000
MarketWatch
The price for bitcoin and other cryptocurrencies was moving higher on Tuesday, but for the No. 1 cryptocurrency, the $10,000 level remains elusive. Read the full story
Litecoin price ‘could SKYROCKET’: Cryptocurrency SOARS by 4000% and might NOT be finished
Express
Express
LITECOIN’S price could skyrocket this year after the cryptocurrency was recently touted for a major market exchange announcement that may dramatically change its value, it has emerged. The Winklevoss twins, known for their hugely popular Gemini crypto exchange, stated that one of their fundamental goals for 2018 is to expand their platform. This could mean adding Litecoin to the exchange. Tyler Winklevoss stated that Gemini’s areas for expansion “are from the Satoshi Nakamoto family tree -- Read the full story
Business Insider
A man uses his phone as he walks past ATM machines for digital currency Bitcoin in Hong Kong on December 18, 2017. The passive fund managed by California-based Bitwise Asset Management is outpacing bitcoin. The fund is up more than 50% since its inception and now has more than 500 LPs. Bitwise Asset Management is off to a strong start. The firm's HODL fund, which is made up of ten digital assets and weighted by market capitalization, is up 51% since its inception on November 22, a person Read the full story
Central banks told to think twice before boarding Bitcoin bandwagon
Reuters
Cryptocurrency Exchange Offers $10 Million For Hacker Bounties
Inverse
Reuters
Central banks should think hard about potential risks and spillovers before issuing their own cryptocurrency, the Bank for International Settlements (BIS) said in a report on Monday. Read the full story
Inverse
Cryptocurrency exchange Binance announces a new hacker bounty program after a recent hacking attempt. Here's what that means. Read the full story
Big demand for the new bitcoin and other cryptocurrency funds: Crypto investor
CNBC
A cryptocurrency investment firm rolls out four new funds that make investing in digital coins easier. Read the full story
CNBC
A cryptocurrency investment firm rolls out four new funds that make investing in digital coins easier. Read the full story
CURRENCIES
Forex - Dollar Holds Onto Gains with Inflation Report on Tap
Investing.com
Dollar remains moderately higher ahead of U.S. data Read the full story
Investing.com
© Reuters. Dollar moves higher ahead of inflation data Read the full story
More Trouble For The Dollar
Investing.com
Investing.com
Forex Mar 12, 2018 15:42 GMT Investing.com - Don’t expect the dollar’s recent rebound against the euro to last. If anything, recent events may put new pressure on the U.S. currency, which already has a number of forces working against it. For one, the European Central Bank’s decision to drop its easing bias added to expectations that it would end its asset purchase program by the end of the year. Meanwhile, the possibility of a trade war after President Trump’s decision to impose steel and Read the full story
Canada's dollar at risk even without trade issues
CNBC
CNBC
The loonie could be a loser, even without all of the potential volatility from North American trade issues. Read the full story
Express
THE pound has been trading in a narrow range against the euro this morning. It has previously declined from Monday’s high of €1.129 to today’s GBP/EUR exchange rate of €1.126. As with Monday, today’s limited pound movement is because of uncertainty about the contents of today’s Spring Statement. Chancellor Philip Hammond will be presenting a summary of UK economic performance over the previous months, as well as forecasting future changes to economic growth. Read the full story
Pound to euro exchange rate: Sterling IMPROVES again ahead of Spring Statement 2018
Express
Express
THE POUND has started to recover against the euro following worryingly low rates yesterday, coming in at £1.126 as of this morning ahead of the spring statement 2018. The pound is currently trading against the euro at £1.126, an increase from yesterday’s figures of £1.124. Read the full story
The Aussie dollar may see a spike if this technical level is crossed
CNBC
The Aussie dollar could see a spurt higher as recent activity shows it testing a long-term resistance level of 81. Read the full story
CNBC
The Aussie dollar could see a spurt higher as recent activity shows it testing a long-term resistance level of 81. Read the full story
USA/CANADA
Trump ousts Tillerson, will replace him as secretary of state with CIA chief Pompeo
The Washington Post
The Washington Post
The move bring major changes as the United States deals with delicate foreign policy efforts such as possible outreach to North Korea. Read the full story
Wilbur Ross braces for challenging talks with EU 'bureaucracy'
Fox Business
U.S. Commerce Secretary Wilbur Ross, who will hold tariff talks with European officials, told FOX Business that previous administrations within both political parties allowed outdated trade policies to continue after World War II. Read the full story
Fox Business
U.S. Commerce Secretary Wilbur Ross, who will hold tariff talks with European officials, told FOX Business that previous administrations within both political parties allowed outdated trade policies to continue after World War II. Read the full story
Why there are no real winners in a trade war
CNBC
It will be imperative to watch for any retaliatory measures from U.S. trade partners as a result of newly announced tariffs, Michael Binger says. Read the full story
What you need to know before filing your taxes
CNN Money
CNN Money
You have about a month left to file your 2017 taxes. Here's what you need to know to make sure you get the biggest refund you can. Read the full story
Jared Kushner’s “Ultimate Deal” Is Falling Apart
Vanity Fair
Vanity Fair
The White House’s unreleased plan for Middle East peace is already facing skepticism. Read the full story
The First Female Mounted Police Chief Is Smashing Through Canada's Glass Ceiling
Bustle
In Canada, the police force doesn't simply travel by motor vehicle or bicycle. A portion of country's police actually travel by horse. And in early March, a big change in the horse-equipped police force was announced: Prime Minister Justin Trudeau na… Read the full story
Bustle
In Canada, the police force doesn't simply travel by motor vehicle or bicycle. A portion of country's police actually travel by horse. And in early March, a big change in the horse-equipped police force was announced: Prime Minister Justin Trudeau na… Read the full story
EMERGING MARKETS
U.S. House panel probes corruption allegations at Puerto Rico utility
Business Insider
The logo of the Puerto Rico Electric Power Authority (PREPA) is seen in Dorado Thomson Reuters By Daniel Bases NEW YORK (Reuters) - The U.S. House Natural Resources Committee on Monday issued a letter seeking answers to allegations of corruption at Puerto Rico's beleaguered electric utility, including reports that some officials accepted bribes to restore power to exotic dance clubs ahead of schedule. The Puerto Rico Electric Power Authority (PREPA) has failed to restore power fully to the U.S. Read the full story
UK exports to a group of emerging nations could be $10bn more
BBC News US
BBC News US
Standard Chartered says the UK's exports to a group of emerging countries could grow substantially. Read the full story
Emerging markets maven Mark Mobius to launch a new firm with sights on China
CNBC
Mark Mobius, emerging markets maven, plans to launch Mobius Capital Management this summer and remains bullish on China. Read the full story
Venezuela's Chinese lenders shut them out in 2017
Axios
Trump still wants Mexico to pay for the wall. He also wants tariffs. He can’t have both.
Vox
Trump’s tariff shenanigans are getting in the way of his wall shenanigans. Read the full story
Axios
But in 2016, Chinese loans to Venezuela totaled $2.2 billion. Read the full story
Vox
Trump’s tariff shenanigans are getting in the way of his wall shenanigans. Read the full story
MIDDLE EAST
Qatar Petroleum, UAE agree to renew shared oil field
Mubasher
Mubasher: Qatar Petroleum on Tuesday announced signing a concession agreement with the UAE to develop and operate the shared Al-Bunduq offshore oil field. This is the first agreement to be signed between Qatar and the UAE, especially after the … Read the full story
Iraqi PM Abadi lifts ban on international flights to Kurdistan Region
Reuters
Iraq has lifted the ban on international flights to the semi-autonomous Kurdistan Region's airports, Prime Minister Haider al-Abadi said in a statement on Tuesday. Read the full story
Fifteen years after the US entered Iraq, Baghdad breathes new life
PRI
PRI
According to UN statistics, about 40 percent of Iraq's population was born after the US invasion. Now, youth are investing in a new Baghdad. Read the full story
Kuwait, the fattest country in the Middle East, blacklists foreigners with diabetes
The New Arab
The New Arab
Kuwait, the fattest country in the Middle East, blacklists foreigners with diabetes Read the full story
Saudi Arabia used abuse to seize billions during purge: NYT
Aljazeera
Aljazeera
At least 17 Saudi detainees were subjected to physical abuse during what was termed an anti-corruption campaign that saw the arrest of hundreds of prominent businessmen and princes in November, the New York Times has found. The newspaper interviewed relatives, advisers, associates of the detainees, as well as Saudi officials, who denied the allegations. "Relatives of some of the detainees said they were deprived of sleep, roughed up and interrogated with their heads covered while the government Read the full story
South Africa declares drought as national disaster
ABC News
It Looks Like South Korea Is Planning to Allow ICOs And Regulate Crypto Trading After All
FORTUNE
ABC News
South Africa has declared that the drought afflicting Cape Town and other parts of the country is a national disaster Read the full story
FORTUNE
Monitors show the the prices of virtual currencies at the Bithumb exchange office in Seoul, South Korea, on Feb. 2, 2018. South Korea announced it was considering new rules for ICOs, or initial coin offerings. South Korea is preparing a policy plan for ICOs, or initial coin offerings, opening the door for Korean companies to raise funds on the crypto-crazed market despite the government’s prior reservations, The Korea Times reports. “The financial authorities have been talking to the country’s Read the full story
Modern and Contemporary African art to be offered at Sotheby's London
Artdaily
Artdaily
Formed in 2016 in response to growing market demand, Modern and Contemporary African Art is the newest specialist department at Sotheby’s, championing the work of artists from the continent. Following our inaugural sale in May last year, the second dedicated auction will take place in London on 28 March 2018, including works by 62 artists from 16 countries across Africa, many of whom have rarely - if ever - been offered at international auction before. Hannah O’Leary, Head of Modern and Read the full story
South Africa to become eighth country to export helium by 2019 – Renergen
Mining Weekly Africa
Mining Weekly Africa
Alternative and renewable energy investment firm Renergen expects to become a significant global producer of helium when its Virginia project starts production in 2019. Read the full story
South Africa: Cape Town's Taps Can Still Run Dry Despite Day Zero Scrapping - Experts
AllAfrica
AllAfrica
The politicians may have scrapped Day Zero - but water experts say this does not mean Cape Town's taps won't run dry. It is still as likely to happen as it was a week ago. And the weather services say their latest long-term predictions for rainfall in the south-western Cape, which suggest Cape Town may get above normal rains this winter, are hardly any better than guess work. The most significant happening in the world of the water crisis this week was the announcement by DA leader Mmusi Maimane Read the full story
Namibia: Govt Investigates Oil Spill On Walvis Bay Shores
AllAfrica
Swakopmund Investigations are ongoing to determine the origin of the oil spill that was washed ashore at Walvis Bay on Thursday evening. The worst spill seemed to be localised just in front of the Aphrodite Beach, according to the Namibian Dolphin Project, the research and conservation organisation involved in cleaning up the spill. The Directorate of Maritime Affairs, which is conducting the investigation, declined to comment or share any details despite having compiled and submitted a report Read the full story
AllAfrica
Swakopmund Investigations are ongoing to determine the origin of the oil spill that was washed ashore at Walvis Bay on Thursday evening. The worst spill seemed to be localised just in front of the Aphrodite Beach, according to the Namibian Dolphin Project, the research and conservation organisation involved in cleaning up the spill. The Directorate of Maritime Affairs, which is conducting the investigation, declined to comment or share any details despite having compiled and submitted a report Read the full story
ASIA
Opinion | Private Equity Discovers Vietnam's Rising Rich
Bloomberg
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App OPINION | DEALS Warburg Pincus's investment in Techcombank shows how buyout firms are shifting their focus. MARCH 13, 2018 2:46 AM EDT From fish sauce to dairy and beer, lumpy investment bets in Vietnam have typically been placed on the country’s teeming working class and its growing propensity to consume. Warburg Pincus has already been there and done that. The U.S. buyout firm is now using its web of connections to wager on the nation's Read the full story
Asian Equities Mixed In Choppy Trade Following Dip in U.S. Stocks
Investing.com
© Reuters. Asian equities were mixed in a choppy afternoon session Read the full story
Hong Kong’s stock index futures fall as traders await economic data for market direction
South China Morning Post
Asia stocks rally stalls as Wall Street loses steam, dollar sags
Reuters
Asian stocks stalled on Tuesday, halting an earlier rally after Wall Street shares lost steam, while the dollar sagged on the back of declining U.S. yields. Read the full story
South China Morning Post
Statements on the state of the world’s two biggest economies due to be released over the next couple of days Read the full story
Reuters
Asian stocks stalled on Tuesday, halting an earlier rally after Wall Street shares lost steam, while the dollar sagged on the back of declining U.S. yields. Read the full story
EUROPE
Brexit preparation bill expected to cost £2bn by March 2019
The Independent
Brexit preparations have cost at least £400m in the current financial year, with the bill estimated to reach £2bn by Brexit day in March 2019, according to new research. Read the full story
UK economic growth to lag all other G20 countries this year, OECD predicts
The Independent
European stocks edge higher in countdown to U.S. inflation data
MarketWatch
The Independent
The world economy will expand at its fastest pace since 2011 this year, but the UK will continue to lag, according to the latest forecasts from the Organisation for Economic Co-Operation and Development (OECD). Read the full story
MarketWatch
The Stoxx Europe 600 index rises slightly, kept aloft by well-received corporate updates ahead of the release of data on U.S. inflation, a focus for global stock investors this year, and with the U.K. Spring Statement ahead. Read the full story
Brexit: hiring confidence rises as 'desperate' employers look to fill vacancies
The Independent
European Commissioner demands URGENT financial integration to support EU after Brexit
Express
EUROPEAN Commissioner Valdis Dombrovskis has urged European Union member states to accelerate the effort for more financial integration in order to protect the institution after Brexit. The EU Financial Stability Commissioner called on the remaining 27 member states to increase efforts to integrate a single market for capital before Brexit becomes official. Read the full storyd
The Independent
Business hiring confidence has reached its highest level in more than a year, but the optimism is masking a “desperation” among employers to fill vacancies as Brexit looms. Read the full story
Express
EUROPEAN Commissioner Valdis Dombrovskis has urged European Union member states to accelerate the effort for more financial integration in order to protect the institution after Brexit. The EU Financial Stability Commissioner called on the remaining 27 member states to increase efforts to integrate a single market for capital before Brexit becomes official. Read the full storyd
Blessed and Highly Favored:
CBI Update:
The CBI for Wednesday 3/14/18 did update on the indicative rates Sell Rate 1184
The currency auction is 199,335,352
There is no news and announcements for Wednesday 3/14/18
ISX Update:
Value Traded
1,856,613,028
Shares Traded
2,413,730,843
ISX ended in Red
3-14-2018 Intel Guru Bruce ...we know Iraqi Americans have Qi cards like they do in Iraq, and we know they are able to go on those cards at midnight tonight [Tuesday] and be able to have access to their funds and see quite possibly a new rate populated...see the value of the Iraqi dinar to the dollar. That is good and positive for them. ...I will tell you from what I am hearing everything is moving forward in that arena...I thought there was a possibility of it going yesterday afternoon, but I felt there be greater of it going this week Tuesday, Wednesday, or Thursday. I have been told since by at least 5 or 6 sources that this is imminent...we are right here, right where we need to be. We see a lot of progress that is going through, and we know it is happening according to a plan. It may not be our plan, but it is happening according to a plan. We just have to sometimes resign ourselves to the fact this process is taking longer than we thought. I think we are pretty much ready. We are looking for a start. We do believe it...should be this week as far as I heard.
3-14-2018 Intel Guru Frank26 Article: "The Presidency of the Republic reveals the reason for the refusal of the infallible ratification of the budget" IMO...HE SIGNED IT...HE NOW SIMPLY WANTS 31 POINTS ADJUSTED. NOTHING MORE...NOTHING LESS.
3-14-2018 Newshound Guru G-Lin Article: "The House of Representatives raises its meeting for the next Thursday after reading 11 laws" Quote: "The President of the Council announced a date for holding a special session to vote on draft and proposed laws on the agenda and others added to the table." It looks as though Jubouri set a date for that special session but they didn't give us the date.
3-14-2018 Intel Guru Frank26 Article: "The Presidency of the Republic reveals the reason for the refusal of the infallible ratification of the budget" IMO...HE SIGNED IT...HE NOW SIMPLY WANTS 31 POINTS ADJUSTED. NOTHING MORE...NOTHING LESS.
3-14-2018 Newshound Guru G-Lin Article: "The House of Representatives raises its meeting for the next Thursday after reading 11 laws" Quote: "The President of the Council announced a date for holding a special session to vote on draft and proposed laws on the agenda and others added to the table." It looks as though Jubouri set a date for that special session but they didn't give us the date.
3-13-2018 Intel Guru Footforward ...Good things are coming...the RV is coming...I'm not going to say it's going to be March 21st...but wouldn't it be wild if it was March 21st? The RV is going to happen...let's just watch...
3-13-2018 Newshound Guru Aggiedad77 MY EXCITEMENT GROWS UPON ITSELF...EXCITEMENT IS HIGH IMO...RIGHTFULLY SO...OH INDEED...ALL IS GOOD...AND IMO....THE BEST IS INDEED COMING...
3-13-2018 Newshound Guru Kaperoni Article: "Keywords Erbil: The Federal Government delegation is working to coordinate with the province to unify tax" This seems like it would be critical to resolve prior to opening the banking system internationally.
3-13-2018 Newshound Guru Aggiedad77 MY EXCITEMENT GROWS UPON ITSELF...EXCITEMENT IS HIGH IMO...RIGHTFULLY SO...OH INDEED...ALL IS GOOD...AND IMO....THE BEST IS INDEED COMING...
3-13-2018 Newshound Guru Kaperoni Article: "Keywords Erbil: The Federal Government delegation is working to coordinate with the province to unify tax" This seems like it would be critical to resolve prior to opening the banking system internationally.
3-13-2018 Newshound Guru chattels Article: "Masoum refuses to approve the 2018 budget and sends it back to the House of Representatives Editorial date: 2018/3/13" I cannot remember this happening before.
3-13-2018 Intel Guru ADMINBILL This month is shaping up to be a very interesting month for currency holders. Although the timing is unknown the activity can't be ignored.
3-13-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK WAS ABLE TO ACHIEVE HIGH STABILITY OF THE UPPER AND LOWER LIMITS TO THE DOLLAR, THE DINAR" ...they are talking about the +- 2% upper and lower limits of the market rate vs the Central rate. Quote: "THE OFFICIAL PRICE TARGET OF THE DOLLAR IS 1200 DINARS PER ONE DOLLAR AND THAT THE GAP IN THE EXCHANGE MARKET IN THE PRESENCE OF A FIXED PRICE ADOPTED BY THE CENTRAL BANK IS AVAILABLE IN MANY ECONOMIES, AN ACCEPTABLE CHANGE." ...this...is telling us the MCP % that is now occurring is acceptable... ...they are nearing the 90 day mark of the monitoring period of the IMF for the MCP. Remember what the MCP is? The MCP is the gap in the exchange market rate to the fixed price adopted by the CBI and pegged to the dollar. Folks this is amazing news and just what we wanted to hear and would expect at this time. Hold on to you seats they are about to launch the lower denomination categories...
3-13-2018 Newshound Guru G-Lin Article: "The Federal Court responds to a parliamentary request to define the disputed areas" I like this: "The Kurdistan Regional Government is recognized as the official government of the territories that were administered by the government on 19 March 2003 in the governorates of Dohuk, Arbil, Sulaimaniya, Kirkuk, Diyala and Nineveh." This may be a big deal and applies to Art. 140...This has always been the most disputed part of Art. 140. Unless something has changed since last Oct.-Nov., I would assume this should settle the majority of 140. ...There sure seems to be a lot going on behind the scenes. 3-12-2018Newshound Guru Aggiedad77 Article: "World Bank may sanction Iraq for 'non-compliance' " THIS RINGS WELL TO ME...IF IT'S IN PRINT THEN WE HIGHLY SUSPECT IT HAS BEEN DONE...AND I'M SUPPOSING HERE THAT THEY HAVE TAKEN INTO ACCOUNT THE NEEDS OF THE WB AND THE IMF AND THE REST OF THAT THREE-HEADED MONSTER AND THEY ARE WILLING TO COMPLY... ABADI IS PUSHING FOR ACTION WITH REGARD TO DEALING WITH CORRUPTION AND WE'VE SEEN EVIDENCE OF HIM OVERTURNING ROCKS TO GET THE COCKROACHES TO SCURRY AWAY... THAT LONG LINE COMING INTO IRAQ WANTS TO HIRE THEIR WORKERS...YOU RUB MY BACK I'LL RUB YOURS... IMO THEY DO NOT WANT MORE SANCTIONS...THEY DEFINITELY DO NOT NEED THEM... LET THE WORLD SEE ALL YOU HAVE...WELCOME THEM WITH OPEN ARMS...WITH INTERPOL'S HELP GET RID OF THE CORRUPT...
3-13-2018 Intel Guru ADMINBILL This month is shaping up to be a very interesting month for currency holders. Although the timing is unknown the activity can't be ignored.
3-13-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK WAS ABLE TO ACHIEVE HIGH STABILITY OF THE UPPER AND LOWER LIMITS TO THE DOLLAR, THE DINAR" ...they are talking about the +- 2% upper and lower limits of the market rate vs the Central rate. Quote: "THE OFFICIAL PRICE TARGET OF THE DOLLAR IS 1200 DINARS PER ONE DOLLAR AND THAT THE GAP IN THE EXCHANGE MARKET IN THE PRESENCE OF A FIXED PRICE ADOPTED BY THE CENTRAL BANK IS AVAILABLE IN MANY ECONOMIES, AN ACCEPTABLE CHANGE." ...this...is telling us the MCP % that is now occurring is acceptable... ...they are nearing the 90 day mark of the monitoring period of the IMF for the MCP. Remember what the MCP is? The MCP is the gap in the exchange market rate to the fixed price adopted by the CBI and pegged to the dollar. Folks this is amazing news and just what we wanted to hear and would expect at this time. Hold on to you seats they are about to launch the lower denomination categories...
3-13-2018 Newshound Guru G-Lin Article: "The Federal Court responds to a parliamentary request to define the disputed areas" I like this: "The Kurdistan Regional Government is recognized as the official government of the territories that were administered by the government on 19 March 2003 in the governorates of Dohuk, Arbil, Sulaimaniya, Kirkuk, Diyala and Nineveh." This may be a big deal and applies to Art. 140...This has always been the most disputed part of Art. 140. Unless something has changed since last Oct.-Nov., I would assume this should settle the majority of 140. ...There sure seems to be a lot going on behind the scenes. 3-12-2018Newshound Guru Aggiedad77 Article: "World Bank may sanction Iraq for 'non-compliance' " THIS RINGS WELL TO ME...IF IT'S IN PRINT THEN WE HIGHLY SUSPECT IT HAS BEEN DONE...AND I'M SUPPOSING HERE THAT THEY HAVE TAKEN INTO ACCOUNT THE NEEDS OF THE WB AND THE IMF AND THE REST OF THAT THREE-HEADED MONSTER AND THEY ARE WILLING TO COMPLY... ABADI IS PUSHING FOR ACTION WITH REGARD TO DEALING WITH CORRUPTION AND WE'VE SEEN EVIDENCE OF HIM OVERTURNING ROCKS TO GET THE COCKROACHES TO SCURRY AWAY... THAT LONG LINE COMING INTO IRAQ WANTS TO HIRE THEIR WORKERS...YOU RUB MY BACK I'LL RUB YOURS... IMO THEY DO NOT WANT MORE SANCTIONS...THEY DEFINITELY DO NOT NEED THEM... LET THE WORLD SEE ALL YOU HAVE...WELCOME THEM WITH OPEN ARMS...WITH INTERPOL'S HELP GET RID OF THE CORRUPT...
d
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not posted on English side)
The Council of Ministers holds its regular session chaired by Prime Minister Dr. Haider Abadi
March 13, 2018
The Council of Ministers held its regular session Tuesday, March 13, 2018 under the chairmanship of the Prime Minister Dr. Haider Abadi.
The Cabinet voted during its session on the draft law of the College of War.
The merger of the General Company for Engineering Support and the General Company for Iron and Steel was voted under the name of the General Company for Iron and Steel.
The Council voted on the protection of products (distribution transformers, electrical (mechanical) and power transformers, as well as the protection of the industrial sponge product and the protective fence product for roads.
The Cabinet also voted on the proposed law on the prevention of firing of firearms on occasions.
A bill was passed to deal with the period of receipt of the applications stipulated in Law No. 13 of 2016, the first amendment to the law of the family documents that bear the aliases of the displaced and migrants No. 79 of 2012.
The Cabinet also voted to authorize the Ministry of Finance or its authorized person to borrow from JICA for the purposes specified in the draft budget bill.
Prime Minister 's Media Office
March 13, 2018
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ARTICLE 1-A
Urgent Abadi from Nineveh: Iraq has become more powerful and cohesive
2018/3/14 12:25 • 8 times read
Abadi of Nineveh: Iraq has become more powerful and cohesive
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ARTICLE 2
The House of Representatives raises its meeting for the next Thursday after reading 11 laws
2018/3/13 16:21
[Ayna-Baghdad]
The House of Representatives ended its regular session 14, which was resumed under the chairmanship of Salim Jubouri, Speaker of the House of Representatives and the presence of 170 deputies on Monday, read eleven laws.
A statement by the Information Department of the House of Representatives received by the agency of all Iraq [where] a copy of it today that "at the outset of the meeting, the President of the Council condemned any attack on the deputies, referring to the attack that took place MP Kamel al-Ghurairi, directed by the Legal Committee to follow up the incident.
The Council ended the first reading of the proposed law of the first amendment to the law of the annexation of the Judicial Institute to the Supreme Judicial Council No. 70 of 2017 submitted by the Legal Committee for the purpose of correcting the amended articles and provisions referred to in the law and handling cases of death for students of the Judicial Institute.
The Council completed the first reading of the amended Law No. 31 of 2011, submitted by the Legal Committee to activate anti-corruption mechanisms and extend the powers of the Financial Control Bureau to crimes committed in unions,
After that, the Council completed the first reading of the proposed law of the first amendment to the law of the scientific complex and submitted by the Legal Committee, which aims to provide justice to the staff of the Academy as their peers from the staff of Iraqi universities as equal rights and duties.
The Council completed the first reading of the proposal of the Protection Act legal officer and provided by the Legal Committee to facilitate the completion of the functions of the legal officer in the defense of the rights of the state and protect it from the risks suffered in the performance of his duty.
The Council also concluded the first reading of the draft law of the Union of Iraqi Businessmen, submitted by committees of civil society, economy, investment and legal institutions to support the private sector, develop the Iraqi business community, organize the activities of businessmen and businessmen in the field of investment, support the national economy and contribute to sustainable development and localization of industries to invest the primary resources and available human resources. And contribute to an increase in the country's national output.
Al-Jubouri condemned the criminal operations that have affected innocent citizens, whether Christians or those who were targeted on the road between Baghdad and Kirkuk. He called on the security authorities to take all necessary measures to protect the citizens.
After that, MP Abdul Qahar al-Samarrai read out a statement on behalf of the people of Salah al-Din province in general and the city of Samarra in particular, thanking the ladies and gentlemen for their vote on the law of Samarra, the capital of Islamic civilization. He praised the role of Dr. Salim al-Jubouri, chairman of the council and members of the Tourism and Antiquities Committee for their role in this field. Attend the celebration will be held at the end of this month in the city of Samarra on this occasion.
The Council completed the reading of a report and discussion of the draft amnesty bill on fiscal sanctions submitted by the Finance, Economics and Investment Committees.
In the interventions of deputies MP Ammar Tohma, the importance of not to drop the criminal proceedings in the event of discharge of the amnesty.
He called on MP Abbas al-Bayati to give incentives within the law in order to facilitate the payment of merchants and businessmen to the taxes incurred by them.
MP Mohammad Naji suggested that shop owners affected by terrorism be exempt from paying taxes.
In its response to the interventions, the Committee stressed the need to take into account all the comments made by the Ladies and Gentlemen on the draft law.
The deputy, Yonadam Kanna, read a statement in which he referred to the heinous crime that afflicted the family of the assassinated doctor Hisham Maskouni, a Christian in the Mashtal district of Baghdad and the young Samer Salah al-Din Jajo, who was killed last month in Al-Nairiya area, in addition to the killing of the Sabai citizen and the theft of his place. Detecting criminals or any deterrent measures that cause concern and surprise and destabilize citizens in the state, calling on the government to shoulder its responsibilities in protecting citizens and prosecuting murderous criminals and imposing the rule of law by limiting the weapons to the state.
In turn, Rep. Joseph Saliwa asked the Ministry of Interior to disclose the results of investigations into the circumstances of the crimes that affected a number of Christian citizens in Baghdad.
The Council also called for a vote on the first amendment bill to the law of the Royal Claims Commission No. 13 of 2010 submitted by the committees of deportees, displaced and legal until a compromise formula is reached.
The President of the Council announced a date for holding a special session to vote on draft and proposed laws on the agenda and others added to the table.
The Council also completed the discussion of the draft bill to collect the example of state-owned land for non-agricultural purposes submitted by the Finance, Agriculture, Water and Marshlands Committees.
In the interventions of deputies, MP Haider al-Fawadi stressed the importance of the draft law to deal with many economic, security and tribal problems.
He called on Iskandar and Tut to extinguish the debts of farmers as well as address the water crisis with Turkey.
The Council completed the discussion on the report of the Olympic Committee's proposal submitted by the Youth and Sports Committee.
In the interventions of MPs, MP Riyad Gharib stressed the importance of the law because it cancels the former Olympic Committee's law, which gives arbitrary powers to its former president, noting that the legislation of the law will give the Iraqi government an opportunity to support sport.
MP Hassan Khalati said voting on the law would contribute to the development of sports in Iraq.
In its response to the interventions, the committee stressed the importance of speeding up legislation to serve the Iraqi sport.
The Council completed reading and discussing the report of the proposed amendment of the second law of the law of the inclusion of health and medical professionals No. 6 of the year 2000 submitted by the Health and Environment Committee.
The Council completed the first reading of the proposed law of the National Authority for Culture and Arts submitted by the Committee on Culture and Information.
The Council completed the discussion of the proposed law amendment law of the Independent High Electoral Commission and submitted by the Legal Committee.
It was then decided to adjourn the meeting until Thursday. is over
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ARTICLE 3
Masoumi welcomed the lifting of the ban on airports in the region: the need to solve the problem of salaries
BAGHDAD, March 13 (KUNA) - President Fuad Masum on Tuesday welcomed the announcement of the reopening of the Erbil and Sulaymaniyah airports for international flights and the lifting of the ban on airports in the Kurdistan region.
In a statement, Masoum called for full cooperation between the concerned authorities as well as the continuation of a comprehensive dialogue to resolve the other differences between the two sides on the basis of the Constitution and the decisions of the Federal Court.
He stressed the need to return the lives of citizens in the Kurdistan region to normal state and solve the problem of paying salaries of employees of the Kurdistan region and ease the restrictions on private banks in the region and normalization of relations between the people of Iraq all one.
He stressed the solidarity of all citizens in order to liquidate the remnants of terrorists and prevent the return of criminal terrorist acts again in any form or place of the country.
The Prime Minister and Commander-in-Chief of the Armed Forces Haider Abadi, the reopening of Arbil and Sulaymaniyah airports for international flights after a ban lasted more than 5 months. Finished
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ARTICLE 4
A deputy calls for the completion of the investigation into 25 corruption files belonging to the Ministry of Defense
2018/3/14 8:27
[Ayna-Baghdad]
Called on the coalition of the rule of law high Nassif, the Integrity and Justice Commission to complete the investigation of 25 files of corruption in the Ministry of Defense under the minister Khalid al-Obeidi, indicating that there is one file completed investigation of these files that have been forwarded.
"The investigation has so far been completed in the file of the contract with the Chinese companies [Boli] and [Norinco]," said Nassif, in a statement issued by her media office today. [Hadi Adab] to commit irregularities, and this file is one of 26 files of corruption has been forwarded, and we await the completion of the investigation in 25 files all belong to the Ministry of Defense.
"In the coming days, we will also reveal serious files related to the work of the Ministry of Commerce and the life of the Iraqi citizen. We will explain how corrupt officials are rewarded by a top official in the ministry and how to steal people's property abroad and some alliances protect the corrupt," she said.
It is noteworthy that the House of Representatives, voted in its meeting on 25 August 2016, by secret ballot, to withdraw confidence from the Minister of Defense Khalid al-Obeidi after he earlier voted not to be convinced of the answers to his questioning on charges of corruption.
During his interrogation, al-Ubaidi accused parliament speaker Salim al-Jubouri and deputies of the coalition of Iraqi forces of corruption and attempted extortion to pass arms deals and contracts to feed the soldiers and provoked controversy in public opinion.
On September 8, 2016, President Fuad Masoum ratified the removal of al-Obeidi. Prime Minister Haider al-Abbadi, Major General of the Anti-Terrorist Authority Mahmoud al-Hayali, was appointed Minister of Defense.
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ARTICLE 5-A
Minister of Interior arrives in Erbil to learn about the procedures for opening the airports of the province
2018/3/14 10:18
[Ayna-Baghdad]
The Interior Minister, Qassim al-Araji, arrived this morning to the province of Erbil."The objective of the visit is to see the progress of work at border crossings and airports, especially after the agreement to lift the ban on international flights at the airports of Kurdistan," said Interior Ministry Undersecretary Jalal Sheikh Karim.
The Prime Minister, Haider Abadi, issued on Tuesday, a decree ordering the reopening of the two airports in the Kurdistan region within a period of not more than a week, saying: "I told them that they can tomorrow or the day after the opening of the airports."
"We thank Mr. Abadi for lifting the ban on international flights at the airports of Kurdistan, and this step is correct and important and is the first on the right track, Promising and calling for the solution of the rest of the differences on the basis of the Constitution. "
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ARTICLE 5-B
Saudi Airlines is preparing to launch its first flights to Erbil
2018/3/14 9:45
[Where - Continue]
The Saudi national carrier, Bandar bin Abdulrahman Al-Muhanna, announced the readiness of Nas Air to launch its first new and direct flights to the city of Erbil in the Kurdistan region.
"Flights from Nass, Jeddah and Madinah will be launched to serve pilgrims and pilgrims wishing to reach the two Holy Mosques," Muhanna said in a press statement.
"Our readiness to operate direct flights to Erbil from Jeddah and Madinah as the first Saudi air carrier is an extension of the opening of Nas flights to Iraq in October last year. Nas Airways was the first carrier to return to Iraq after a break 27 years, and will announce the start of the first flights to Erbil in the coming days. "
Nas Air is a Saudi national airline with a fleet of 30 Airbus A320 aircraft designed with two levels of business and economy class and more than 1100 flights per week.
The plane landed on Baghdad International Airport on October 19, carrying a large Saudi delegation, the largest after a 27-year break between the two countries, in the presence of Saudi Ambassador to Iraq Abdul Aziz Al-Shammari, Director General of Civil Aviation Authority Hussein Mohsen and Director General of Airlines Iraqi Miran Farid.
The arrival of the Saudi aircraft was preceded by the signing of a memorandum of understanding between the Iraqi Civil Aviation Authority and the General Authority of Civil Aviation of Saudi Arabia on 8 August 2017, whereby the number of flights between the two countries will be increased so that regular and daily instead of ground flights.
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ARTICLE 6
Avoid eating chicken breasts with white lines
BAGHDAD, March 12 (Reuters) - White lines are fat and muscle cells are stiff. These lines appear when the chicken grows abnormally fast. Chicken is given dietary supplements and hormones so that they grow quickly and can be used in a short time. Since the consumption of chicken is very high, adequate quantity must be provided to cover these requests.
Research and studies have shown that chickens today need 47 days from birth to good consumption, while at least 70 days in 1950. When the chicken grows so fast, its muscle stiffens, the quality of the meat decreases and its flavor is lost. In addition, the proportion of fat in the chest increased by up to 224%.
These white lines do not pose a danger to human health, but they increase the amount of cholesterol that enters the body and destroys chicken flavor. With time, cholesterol can accumulate in the body, as you gain weight. So, the next time you buy chicken breasts, make sure they are free of white lines and it is best to buy organic chicken that is also free of hormones.
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