Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,165.0000 | 1,165.0000 | 1,165.0000 | | 20:00 |
| USD/VND | | | 22,368.0000 | 22,368.0000 | 22,368.0000 | | 20:00 |
| USD/CNY | | | 6.3364 | 6.3233 | 6.3348 | | 07:07 |
| USD/KWD | | | 0.3006 | 0.2999 | 0.3005 | | 07:06 |
| GBP/USD | | | 1.3792 | 1.3716 | 1.3769 | | 07:08 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,904.5000 | 13,837.0000 | 13,865.0000 | | 07:07 |
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DC NY Iraq Articles:dd
Kurdistan proceeds to distribute financial dues to farmers
The management of "Silo" Erbil on Monday called the peasants who handed over their crops of wheat and barley in 2017 to review to receive their dues.
The administration said in a statement today that "the amounts allocated to farmers' crops for the year 2017 have arrived," indicating that it began today to pay the financial dues for those farmers.
She explained that the amount is 11 billion and 601 million Iraqi dinars, noting that these amounts are distributed in the Bank of Arbil Castle and continue for two days.
The stock market is looking at the possibility of benefiting from the experiences of the Arab stock exchanges
Release Date: 2018/4/30 10:26 • 79 times scheduled
(Baghdad: Al Furat News) Search the Iraqi market for securities, the possibility of taking advantage of the experiences of Arab stock exchanges during the participation in the work of the third annual conference {Mena Road Show} for the stock markets and investors, stressing his success in public-private partnership.
The Executive Director of the market Taha Ahmed Abdul Salam said in a statement received by the agency {Euphrates News} a copy of it that "the Iraqi market for securities shares with the Arab markets in the work of the third annual conference {Mena Road Show}, the stock markets and investors held in the UAE, Opened by UAE Securities and Commodities Authority Chairman Obeid Al Zu'bi, in addition to the Secretary General of the Union of Arab Organizations Jalil Tarif, "pointing out that" the market participated in a paper focused on the plans of the Iraqi market to attract investment and challenges of activity. "
"It was agreed during the conference with the Secretary-General of the Union of Arab Organizations to cooperate in the field of training and discuss the rules and regulations prevailing in the Arab markets," said Abdul Salam, adding that Thomson Reuters will have a distinct role in the possibility of linking information and data with the agency, Of the experiences of the Arab stock exchanges in the use of modern applications for trading and attract investment, as well as the possibility of cooperation with experts from the company to help support the new role of the future of electronic systems in the stock exchanges and the Iraqi market for securities also for the coming years.
He pointed out that "the Iraqi market for securities has played a role in the success of the partnership between the public and private sector and the mechanism of transition to a market economy through partnership in the establishment of joint stock companies and also through work on the issuance of a law encourages the issuance of modern financial tools and work on issuing short sale instructions.
Kurdish alliance against Talabani, Barzani parties
Baghdad/ Iraq TradeLink: The Kurdish Islamic Group disclosed a proposal to forma a new Kurdish
alliance after the coming Iraqi parliamentary elections, pointing that this alliance will get more parliamentary seats that the two main Kurdish parties, the Kurdish Democratic Party and the Kurdish Patriotic Union Party.
MP Zana Saeed pointed that some circles do not want to revive the Kurdish alliance for party ends, but “these forces will have strong surprise by the reduction of their seats in the coming elections”.
He added that the new force, represented by the Islamic Group, Change Bloc and Democracy and Justice Alliance, will have greater impetus to get more parliamentary seats.
Last Tuesday, the Kurdish Democratic MP Abdul Bari Zebari doubted the success of the Kurdish parties to revive the Kurdish alliance, because most of these parties have their own inclinations away from the Kurdish national aspiration in the coming stage.
CBI signs MoU with Visa International
Sunday, April 29, 2018 at 16:31 pm (108 views)
The Central Bank of Iraq (CBI) has signed a Memorandum of Understanding (MoU) with Visa International, which helps to build a strategic partnership with Visa to contribute to the development of the ePay environment in the community.
"The Central Bank of Iraq signed a Memorandum of Understanding (MoU) with Visa International, which has granted membership to more than 16,000 financial institutions worldwide to set the legal and regulatory framework for working in Iraq," the central bank said in a press release.
He added: "Visa will be able to contribute to the smart ambitions of the Central Bank of Iraq market and helps to build a strategic partnership with Visa, which contributes to the development of the electronic payment environment in the community in terms of technical and organizational and awareness and transfer of experience and benefit from the innovations that characterize the company" .
On the other hand, Tariq Al Husseini, General Manager of Visa North Africa and Levant, expressed the Company's interest in the strategic direction of the Central Bank of Iraq in terms of payments and electronic systems and expressed its desire to contribute to the transfer of knowledge, development and training to the cadres working in this sector through the institution For the development of business (Visa Business School) as well as that this bank seeks to develop the market through effective competition and will be signed similar agreements with other international companies.
International Development Bank for Investment and Finance announces its membership license from Visa International
In the economy of April 29, 2018 comments on the International Development Bank for Investment and Finance announces the granting of membership license of Visa
International Closed 9 visits
Baghdad / SNG
Baghdad / SNG
The International Development Bank for Investment and Finance announced that it has been granted a membership license from Visa International for the first time from inside Iraq.
"The International Development Bank for Investment and Finance has held a major celebration by granting a membership license from Visa International for the issuance of cards for the first time from inside Iraq," the bank's management said in a press release received by SNG.
"The license was signed between the International Development Bank, represented by the Chairman of the Board of Directors Ziad Khalaf Abdul and the Director General of Visa for North African and Mashreq countries represented by Tarek Ezzeddin Al Husseini."
The ceremony was attended by high-level figures from the Central Bank of Iraq and representatives of the Union of Arab Banks, the Association of Iraqi Private Banks and the Iraqi Stock Exchange and a large number of managers of Iraqi and Arab banks, including representatives of international audit companies.
The administration said that "this step comes in light of the continuation of the bank led the revolution of the shift to electronic payment, and support for the initiative of the Central Bank of Iraq in the project to settle salaries for employees of the government sector, and implementation of the decision of the Secretariat of the Council of Ministers," noting that "the International Development Bank is a race in The electronic payment process for its huge and comprehensive infrastructure enabling it to diversify the provision of electronic banking services. "
The chairman of the bank Ziad Khalaf Abdul, during his speech at the celebration, according to the statement, "The International Development Bank has made great achievements in the field of financial technology to reach the requirements of the Central Bank of Iraq."
For his part, the Director General of Visa for North African and Mashreq Tariq Ezzeddine Al-Husseini said that "this signature would not have been done without a thorough study prepared by Visa to choose the bank most suitable and conform to the standards of international banks.
The wise candidate for Dhi Qar: We will work to activate investment and development of the Marshlands
Release date: 2018/4/29 22:50 • 31 times read
(Baghdad: Al-Furat News) The candidate of the National Wisdom Stream (118) on the province of Dhi Qar, Rafiq al-Shami sequence [10] seek to activate investment projects within the electoral program and the development of marshes in the province.
"We have two projects within the first electoral program focused on working to build a strong state of justice and equality and the other work to encourage the investment sector in the province, especially in the southern areas of the presence of the marshes," Shami told the Euphrates News.
He pointed out to "strive every effort to make the marshes an investment environment and we will eliminate many of the problems and the most important is the disguised unemployment that can only be solved by bringing investment companies to the province."
He pointed out to "strive every effort to make the marshes an investment environment and we will eliminate many of the problems and the most important is the disguised unemployment that can only be solved by bringing investment companies to the province."
Urban Plan: We are working to revive a comprehensive development planning for the capital
The urban plan Muayad Jabr Hamidi Azerjawi on the need to introduce the concept of the comprehensive planning system with its sub-concepts and practical applications, being a contemporary means necessary to develop urban planning at the level of the capital Baghdad. Focusing on the study of population growth and the preparation of studies and research on planning and follow-up diligence will enable us to stop the random work.
Al-Azerjawi said in an interview with Media treasures that the development of a strategy for Baghdad and the development of a comprehensive development plan and in accordance with a timetable for the stages of planning and the participation of all competent authorities in ministries and government institutions and follow-up diligently of these plans will enable us to stop the deterioration.
He added that the Iraqi-Iranian war has greatly affected the comprehensive development plan of the city and contributed to stopping development. The structural map of Baghdad should be redrawn through the plan we mentioned and adopted and supported by the project of the structural plan of the governorate with its administrative borders. Development despite the challenges we face due to administrative and legal matters.
We also find that administrative and financial corruption and the overriding of the basic designs of cities and the inability of successive governments to provide land for housing or other events of land uses contributed significantly to this randomization
Abizaid and Azerjawi that the restoration of basic designs of cities and preservation of the activities requires great efforts between the state and the citizen because the duty of the state to provide residential land and the construction of cities and Hodeidah high-technology transmission lines and the citizen to respond to the transition to these cities to be healthy and can perform their functions.
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Kauaihn Iraq Articles:dd
Iran CBI Vows to Address Forex Policy Flaws
April 30, 2018
The CBI chief said that while the remaining questions will be answered overtime, major problems have been solved and other minor issues will also be addressed
The governor of the Central Bank of Iran acknowledged shortcomings in the government's new foreign exchange policy, promising that they would be addressed.
Valiollah Seif, in his first TV appearance since the US dollar's exchange rate unification on April 10, also said the newly-launched Integrated Foreign Currency System (locally known as Nima) is not without flaws which, he said, were "extremely limited".
"About controls [or limits] to use foreign exchange, such as the €1,000 cap per trip, there will certainly be problems along the way," Seif said."For example, if someone wants to travel abroad more than once a year, they will most probably agree to buy foreign currency at higher rates."
The dramatic decision to unify the dollar's exchange rate at 42,000 rials was made in the wake of a sharp slide in the value of rial in the early days of the current fiscal year that began on March 21.
According to the measures, the US dollar for all purposes, including imports, travel, overseas students and research projects, will be offered by the government without limit at the same exchange rate.
The Iraqi Journalists Syndicate appreciates Iran's role in supporting Iraq
"BAGHDAD, April 30 (KUNA) - The head of the Iraqi Journalists Syndicate, Muayad al-Lami, praised Iran's great role in supporting Iraq in all fields, especially in the fight against the terrorist organization
We discussed with the Iranian ambassador the development of press and cultural relations and the activation of previous agreements in this field, and we are happy to support Iran, and help Iraq and the Iraqis in various fields," Al-Lami told a joint news conference. , Especially when it stood side by side with Iraq as the first country against an organization that preaches terrorism.
"On his part, the Iranian ambassador offered congratulations and congratulations to Muayyad al-Lami on the occasion of his re-election as a critic of the Iraqi journalists and the members of the union council by winning the elections," he said, adding that journalists and journalists played an important role in developing relations between the two countries. Iraq in its future directions'.
"I am very happy with the excellent relations between the two countries and the Iraqi and Iranian peoples," he said. "We hope the Iraqi government will be formed as soon as possible. We respect the will of the Iraqi people and their choices in this field."
Iraq has extensive relations with Iran, and there are several agreements and memorandums of understanding between the two sides in this field, including three separate memorandums of understanding between the Arabic-language newspaper Al-Wefaq, the ISNA news agency and the 19D newspaper. Media and newspapers in Iraq, concluded in early August last year, on the sidelines of an Iranian media delegation to Iraq headed by Secretary of the Supreme Media Council of the Iranian government Ali Reza Moazzi.
The memorandums of understanding concluded at that time stipulate the cooperation of the two sides in the exchange of information products and the provision of appropriate conditions for the counterparty in the utilization of the potential of the other party and joint efforts to establish information offices for each side in their respective countries.
Finished ** 2342
"On his part, the Iranian ambassador offered congratulations and congratulations to Muayyad al-Lami on the occasion of his re-election as a critic of the Iraqi journalists and the members of the union council by winning the elections," he said, adding that journalists and journalists played an important role in developing relations between the two countries. Iraq in its future directions'.
"I am very happy with the excellent relations between the two countries and the Iraqi and Iranian peoples," he said. "We hope the Iraqi government will be formed as soon as possible. We respect the will of the Iraqi people and their choices in this field."
Iraq has extensive relations with Iran, and there are several agreements and memorandums of understanding between the two sides in this field, including three separate memorandums of understanding between the Arabic-language newspaper Al-Wefaq, the ISNA news agency and the 19D newspaper. Media and newspapers in Iraq, concluded in early August last year, on the sidelines of an Iranian media delegation to Iraq headed by Secretary of the Supreme Media Council of the Iranian government Ali Reza Moazzi.
The memorandums of understanding concluded at that time stipulate the cooperation of the two sides in the exchange of information products and the provision of appropriate conditions for the counterparty in the utilization of the potential of the other party and joint efforts to establish information offices for each side in their respective countries.
Finished ** 2342
Iran, Turkey Eye Bank Card Integration
April 30, 2018
Following a national currency swap deal that was recently implemented, Iran and Turkey are now pursuing the integration of bank cards in a move aimed at helping the massive flow of tourists traveling between the two nations.
This was announced during a meeting on Saturday between high-level representatives of Bank Melli Iran and Turkey’s Ziraat Bank, the official website of BMI reported.
“It has been decided that bank cards will be used between the two countries. Many Iranian and Turkish tourists travel between the two countries each year and using these cards can lead to the growth of tourism,” Mohammad Reza Hosseinzadeh, Bank Melli’s CEO, said.
Huseyin Aydin, CEO of Ziraat Bank who also heads Turkey’s association of state-owned banks, also put his support behind the scheme and said using integrated bank card systems can help the exchange of currencies and boost bilateral trade.”
Vietnam Trade Surplus at $3.1b
April 30, 2018
V
ietnam recorded a trade surplus of $3.1 billion as of April 15, according to the latest statistics of the General Department of Vietnam Customs.
The country’s total import-export turnover rose 17% to $125.7 billion. Of the figure, $64.4 billion came from exports, a year-on-year rise of 22.8%, VNA reported.
Vietnam’s major export staples include mobile phones and components, garments-textiles, computers and electronic components, machines and equipment, footwear, transport vehicles and accessories, timber and wooden products, aquatic products, coffee, and iron and steel.
As of mid-April, foreign direct investment businesses posted a trade surplus of $9.4 billion. FDI firms raked in $45.9 billion from exports, up 24.3% against the same period last year, making up 71.3% of the nation’s total export turnover. Meanwhile, FDI enterprises imported $36.5 billion worth of goods.
Vietnam’s export-import turnover hit $400 billion in 2017, representing a fourfold increase in ten years. The country first achieved $100 billion in foreign trade value in 2007, the year it joined the World Trade Organization. The figure rose to $200 billion in 2011, and $300 billion in 2015.
According to the WTO, in 2006, Vietnam’s total export and import turnover ranked 50th and 44th in the world. In 2015, the nation jumped 23 and 16 steps, occupying 27th and 28th positions, respectively.
At present, Vietnam has 30 export groups with an annual turnover of at least $1 billion each, including textiles, leather, footwear, coal and crude oil.
Vietnam has trade relations with more than 200 countries and territories around the world, gradually moving import-export markets from Asia to Europe and America.
Iraq contracts with two Chinese companies to build the Faw oil refinery
The Iraqi government has contracted China's Power China and Norinco International
29 April 2018 07:00 PM
Iraq signed a contract with two Chinese companies, Power China and Norinco International, to build an oil refinery at the port of Faw on the Gulf, reports said .
Reuters quoted an official in the Iraqi oil sector on Sunday that the production capacity of the refinery will reach 300 thousand barrels per day and that it will include a petrochemical plant, saying that the agreement was signed on Saturday in Iraq .
The refinery is located south of Basra, one of the projects planned by Iraq in the pursuit of self-sufficiency of oil products, according to the agency .
Iraq is also the second largest producer of crude in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, and shrunk the refining capacity of Iraq when the Islamic State Organization dominated the largest crude refinery in Baiji north of Baghdad in 2014 d
Baghdad Alliance: The next stage requires a change in our foreign policy
30-04-2018 01:56 PM
A statement by the Baghdad Alliance that the stage after the elections requires a radical change in the Iraqi foreign policy taking into account the interest of the country's economic and away from loyalties abroad and adopt a strategy to maintain independence of Iraq and the adoption of professional diplomatic expertise away from partisan loyalties and sectarianism.
He said that the openness of the Arab region is at the forefront of our political program and the adoption of competencies in the diplomatic work, which is appropriate to represent Iraq abroad, cooperate with international organizations and restore Iraqi representation in it, expressing the depth of Iraq's civilization and people.
The statement said the Baghdad Alliance that the next stage must see a change for the better in the faces and internal and external policies. "
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GLOBAL/NEWS/INFO
A former hacker reveals what he’s learned about cybersecurity
Eric Taylor, who went by the nickname Cosmo the God, posted personal information of celebrities and government officials until the government caught up with him. Now he's working for a cybersecurity start-up.
How to download a copy of everything Instagram knows about you — and how to delete it
Instagram now lets you download an entire archive of everything you've posted. Here's how.
OIL/COMMODITIES/ENERGY
If you want to preserve your wealth, buy physical gold – precious metals expert to RT
RT
RT
Gold, which is traditionally seen as a safe haven, is usually subject to the whims of supply and demand. Its value changes quickly, pushing the bullion price to extremely high levels at times. Read Full Article at RT.com Read the full story
Gold / Silver / Copper Prices - Weekly Outlook: April 30 - May 4
Investing.com
© Reuters. Rising U.S. Treasury yields, U.S. data in focus next week Read the full story
Crude Oil Prices - Weekly Outlook: April 30 - May 4
Investing.com
© Reuters. Trump/Iran standoff set to dominate sentiment in oil markets this week Read the full story
Big Oil is back to making billions
Axios
Some companies are seeing the best earnings they've had in years. Read the full story
U.S. Seeking Metal Quotas as Allies Push for Exemptions, Ross Says
Bloomberg
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App The Trump administration is asking Europe, Canada and other allies to accept quotas to be exempted from steel and aluminum tariffs that kick in May 1, Commerce Secretary Wilbur Ross said. “We are asking of everyone: quotas if not tariffs,” Ross said at a forum in Washington on Friday. The White House last month temporarily shielded a list of trading partners including the European Union from the duties, at 25 percent for imported steel Read the full story
BANKS/BANKING/CREDIT
The Dangers of Undoing Dodd-Frank
The New Yorker
The New Yorker
Nicholas Lemann writes about whether the Trump Administration will dismantle our best protection against another financial crisis. Read the full story
How to make the best of all that credit-card junk mail (yes, really)
MarketWatch
There are signs this aggressive kind of direct mailing is falling out of favor with companies. Read the full story
This bill could weaken the protection of a credit freeze
CNN
The Economic Growth, Regulatory Relief, and Consumer Protection Act could open the door to higher rates of identity theft, writes Mike Litt. Read the full story
How will one late card payment affect my credit score?
USA TODAY
A late credit card payment is never good, but it doesn't always mean your credit score will fall. No one wants an honest mistake to tank their credit. But before you worry, you should know exactly how late credit card payments work and whether your payment will even be reported as late. Read the full story
TREASURIES/BONDS/STOCKS
Economic Calendar - Top 5 Things to Watch This Week
Investing.com
Investing.com
© Reuters. Top 5 things to watch this week in financial markets Read the full story
The 10-year yield at 3 percent is here to stay — and an analyst says it’s nothing to worry about
CNBC
The yield on the 10-year hit its highest level in four years this week. Those levels are here to stay, says one analyst. Read the full story
The new stock-market fear: Signs that a period of harmonious global growth is crumbling
MarketWatch
It was just three months ago that stock-market investors were being swept up by a euphoria pinned to the idea of economic expansion taking hold harmoniously across the globe, a dynamic that hadn’t occurred since the 1980s, and one that was expected to extend into 2018. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Ethereum could hit $2,500 by year end, consultancy firm says
MarketWatch
MarketWatch
Digital currencies are higher Friday, looking to erase losses from earlier in the week. Read the full story
St. Louis Federal Reserve says Bitcoin is 'Like Regular Currency'
FORTUNE
Model Bitcoin standing in front of dollar bills. The Federal Reserve Bank of St. Louis has provided some high-profile validation for a core premise of Bitcoin and other cryptocurrency. A blog post this week based on an earlier Fed research paper said that “bitcoin units have no intrinsic value” – but added that currencies “such as the U.S. dollar, the euro, and the Swiss france . . . have no intrinsic value either.” The post, titled “Three Ways Bitcoin is Like Regular Currency,” doesn’t Read the full story
Is the Tokyo bitcoin whale set to strike again?
MarketWatch
Speculation is growing that the trustees for the defunct Mt. Gox cryptocurrency exchange are getting set for another significant bitcoin sale. Read the full story
CURRENCIES
Forex - Weekly Outlook: April 30 - May 4
Investing.com
Investing.com
© Reuters. Monetary policy in focus ahead of Fed meeting, U.S. jobs data Read the full story
INSURANCE / HEALTH
Rheumatoid Arthritis Symptoms, Causes: Baking Soda Reduces Inflammation, Study Finds
International Business Times
International Business Times
A daily intake of baking soda could help reduce rheumatoid arthritis (RA) inflammation, a study found for the first time. Read the full story
Researchers find that lipid accumulation in the brain may be an early sign of Parkinson's disease
Science Magazine
Credit: McLean Hospital Belmont, MA - A collaborative team of researchers at McLean Hospital, a Harvard Medical School affiliate, and Oxford University has found that elevated levels of certain types of lipids (fat molecules) in the brain may be an.. Read the full story
End of ageing and cancer? Scientists unveil structure of the 'immortality' enzyme telomerase
The Conversation US
Detailed images of the anti-ageing enzyme telomerase are a drug designer's dream Read the full story
A food-poisoning expert reveals 5 things he never orders at restaurants — and it's not what you'd expect
Business Insider
Your salad may be healthy, but it probably isn't the safest option when it comes to food poisoning Shutterstock After more than two decades as a foodborne-illness attorney, there are some items that food poisoning expert Bill Marler will never order from the menu. The foods Marler says are most dangerous aren't always what you'd expect. The food poisoning expert eats raw fish at sushi restaurants - but says there is a reason why you should consider skipping salad when going out to eat. A deep Read the full story
Bill Gates: Pandemic Disease Threat Could Kill 30 Million People in Just 6 Months
Newsweek
Gates compared the risk of a pandemic disease outbreak to the challenges of preparing for a massive war. Read the full story
USA/CANADA
Here's how mortgage rates could react to the next housing bubble
Business Insider
Business Insider
Since mid-2016, mortgage rates have now risen a full percentage point. If the average mortgage rate rises to 5.2% it will be the highest since 2010. Anticipating even higher mortgage rates in the future, home buyers are jumping to take out mortgages. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances - $453,000 or less - and a 20% down-payment jumped to 4.73% for the week ending April 20, from 4.66% in the prior week, according to the Mortgage Bankers Read the full story
The dam isn’t about to burst, but prices are rising under the Fed’s watchful eye
MarketWatch
The threat of higher inflation has already put the Federal Reserve on notice. And more evidence of rising prices and wages is likely to nudge the central bank closer to another increase in U.S. interest rates. Read the full story
The US debt surpasses $21 trillion — but that won't bother credit agencies
Business Insider
Gallery workers sit next to "Teoria" by Eduardo Basualdo at the Frame Gallery's stand at the Frieze Art Fair in central London, October 16, 2013. US national debt is up 2.8% since the start of the year, leading the total to exceed $21 trillion. Moody affirms its Aaa credit rating for the US, believing the roles of US dollar and US Treasury bond market will keep exposure to credit-related shocks low. Fitch Ratings gives a AAA rating but warns tax cuts passed in December will lead to higher Read the full story
Trump threatens to 'close down the country' over funding for border wall
The Hill
President Trump threatened on Saturday to "shut down the country" - an apparent reference to a government shutdown - unless Congress approves funding for his long-promised wall along the U.S.-Mexico border. Read the full story
Trump says North Korean meeting could happen in three-four weeks
Reuters
U.S. President Donald Trump said on Saturday a meeting with North Korea could happen over the next three to four weeks. Read the full story
U.S. adds Canada to priority watch list over intellectual property concerns
CBC News
CBC News
The Trump administration on Friday labelled 36 countries as inadequately protecting U.S. intellectual property rights, keeping China on a priority watch list and adding Canada over concerns about its border controls and pharmaceutical practices. Read the full story
Canadian exchange operator TMX blames hardware failure for outage
Reuters
Canada's largest stock exchange operator said on Saturday that the failure of data storage equipment caused an outage that shut down the world's sixth-largest stock market for several hours on Friday afternoon. Read the full story
EMERGING MARKETS
If someone had a doubt, Puerto Rico is a colony of the United States: Cruz
Chicago Tribune
Chicago Tribune
Seven months after hurricanes Irma and Maria devastated Puerto Rico, the mayor of San Juan, Carmen Yulín Cruz, thanked Chicago for being the first Read the full story
Coal ash raising concerns over health risks in Puerto Rico
PBS NewsHour
Residents of Guayama, home to Puerto Rico’s only coal-burning power plant for 15 years, have been diagnosed with cancer, heart and respiratory diseases that they fear are related to coal ash exposure. Ivette Feliciano reports on the concerns of Puerto Ricans who say the situation grew worse after Hurricane Maria–and the national implications as President Donald Trump’s administration rolls back regulations on the disposal of coal ash. Read the full story
‘Hijacked’ by Rates, Bull Market Loses Footing on Shaky Ground
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App How Does a 10-Year Treasury Yield at 3% Impact Markets? A chill wind is ruffling markets. Treasuries are balanced precariously near a putative three-decade support level. The resurgent dollar is blowing a multitude of trades off course. And bumper earnings have failed to excite stock bulls en masse. It’s all creating havoc for some of the most popular investments on Wall Street -- from momentum stocks to emerging markets -- amid fears Read the full story
The US, Mexico, and Canada are quietly closing in on a historic new trade agreement
Business Insider
The US, Canada, and Mexico are nearing a deal on a new version of the North American Free Trade Agreement. While all three countries are hopeful, issues concerning cars and a "sunset" clause remain. The timing of a deal could add new political risks. The US, Canada, and Mexico appear to be closing in on a new version of the massive North American Trade Agreement, but a series of stumbling blocks could still trip up any deal. President Donald Trump's executive order - signed just days after Read the full story
MIDDLE EAST
Israel and the loss of collective hopeAljazeera
The United Nations sits on First Avenue, just off of 41st Street, overlooking the East River in New York City. It opened to great applause and expectation. A wishful answer to the madness that had become a world unleashed with the scent of blood and the all too customary wail of mourn. It was to be our collective hope. A grand oath by which, together, the world could find answers to the greed and arrogance of states long unbound in their historical feed upon those less powerful. It has not Read the full story
Israel and the loss of collective hope, part 2
Aljazeera
This is the part two of the article. Click here to read part one. Throughout its 70 years of existence, Israel has not sought to limit its breach of international law and the law of war to Palestine. In fact, it has a long and well-documented history of human rights violations and war crimes in Lebanon. Here, too, the United Nations has watched largely in silence as Israel has targeted civilian communities and UN facilities, made use of prohibited weapons of war and participated in massacres Read the full story
Iran and the oil market
Aljazeera
The stakes are getting higher in the global oil market. Nearly one year ago, producers were worried about too much crude, but now, the fear is that demand will outstrip supply. That prospect has boosted oil prices to their highest level since 2014. The International Energy Agency says global demand for oil could grow to nearly 100 million barrels a day this year. But when it comes to the price of oil in 2018, there a number of things to consider. One of the biggest issues is the likelihood of Read the full story
U.S. urges Europeans to impose sanctions on Iran missile program
Reuters
The United States is urging its European allies and others to impose sanctions on Iran to curb its missile program, calling it an international threat to peace and security. Read the full story
Why investors expect Egypt to keep roaring as the dust settles on its presidential election
CNBC
Despite a widely criticized presidential election, investors are still enthusiastic buyers of Egypt's economic recovery. Read the full story
Pompeo’s Message to Saudis? Enough Is Enough: Stop Qatar Blockade
The New York Times
Secretary of State Mike Pompeo went to Riyadh to tell the country’s leadership to end the embargo against Qatar so a united front against Iran can succeed. Read the full story
AFRICA
Tanzania-UAE forum explores partnership prospects
FurtherAfrica
FurtherAfrica
Investors and companies in Dubai were called to take advantage of the attractive business opportunities in Tanzania at the Tanzania-UAE Business & Investment Forum on April 26 in Dubai, UAE. Read the full story
Mozambican natural gas to meet half of domestic demand: official
FurtherAfrica
The production of energy based on natural gas in Mozambique could meet between 45 and 50 percent of the country's domestic demand within four years, a government official revealed at the country's Mining, Energy and Natural Gas Conference (MMEC-2018) on Wednesday in Maputo. Read the full story
Mozambique gas company ENH hires Lazard to raise US$2B
FurtherAfrica
Mozambique’s national oil company appointed Lazard Frères SAS and Lion’s Head Global Partners as advisers to help raise as much as $2 billion to refinance its portions of two gas-development projects. Read the full story
ASIA
China eases restrictions on foreign ownership of securities ventures
Reuters
Reuters
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Bloomberg
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CBC News
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EUROPE
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Business Insider
Business Insider
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d
Blessed and Highly Favored:
CBI Update:
The CBI for Monday 4/30/18 did update on the indicative rates Sell Rate 1184
The currency auction is 174,367,874
There is no news and announcements for Monday 4/30/18
ISX Update:
Value Traded
188,057,065
Shares Traded
372,773,543
ISX ended in Green
4-30-2018 Intel/Newshound Guru sandyf ...The fundamental problem in all this is the interpretation of the term "revaluation". Revaluation is a recognised term in respect of an upward change in the value of a currency on a fixed exchange rate. Currencies on a floating exchange appreciate rather than revalue. Revaluation can also be used as the overall outcome of a redenomination, in this case it is a revaluation of the monetary unit and not the currency itself. Under certain circumstances the term can be used when the price of something changes value. It is just financially impossible for the Iraqi dinar to move from the current rate to around $4 in a currency revaluation per se. If there is to be any significant return on the dinar it has to come from a different direction. ...As far as Iraq is concerned, the redenomination could be the end of monetary reform, not the beginning...
4-29-2018 Newshound Guru Kaperoni Well here's the deal... None of these numbers that are being reported are official so even though they may be in compliance or out of compliance there is nothing official from the CBI these are just third-party numbers being reported from media outlets. So now visiting two or three other media outlets I have found yet another set of reported spread numbers from today's auction and these numbers are within compliance. These are reporting sale of the dollar at 1200 to $1. Since there is no way to confirm the legitimacy of these numbers all we can do is wait out the 3 month IMF requirement and see what happens. [reference Guru Kaperoni post 4-29-2018]
4-29-2018 Newshound/Intel Guru Mnt Goat Besides the CBI and IMF came out many times and already told us they fully intend to FLOAT the dinar and peg it to the SDR basket. There were lots of recent arguments in articles about putting the dinar on a float but they were talking about leaving it on the de facto peg and then floating it. If you read the articles carefully you can clearly see they decided against this action due to the wide amount of corruption in the currency auctions. ...Many of confusing this float with the float once on the SDR basket...once they do peg it differently to the SDR basket this will drive the rate up since it is being pegged differently. Get it? The IMF and the CBI is not just arbitrarily assigning a higher rate to the dinar. The higher rate is coming from the market and the SDR basket peg. [post 2 of 2]
4-29-2018 Newshound/Intel Guru Mnt Goat ...I base my news about the FLOAT not on my opinion but on research and articles. So if you study the entire process of deleting the zeros and then eventually reinstating the dinar you can see that they are going to take the dinar off the de facto peg to the US dollar go instead re-peg it to an SDR basket of 5 currencies. How in hell are they going to do this if they leave the dinar as it is and wait for the currency on the de facto peg rate of 1184 to just float higher on it own? Has it floated higher on it own? Why is it staying at 1184? It stays at this rate because it is artificially being suppressed...The 1184 rate is solely based on the US dollar peg. It is an temporary /unnormalized peg. [post 1 of 2....stay tuned]
4-29-2018 Newshound/Intel Guru Mnt Goat Besides the CBI and IMF came out many times and already told us they fully intend to FLOAT the dinar and peg it to the SDR basket. There were lots of recent arguments in articles about putting the dinar on a float but they were talking about leaving it on the de facto peg and then floating it. If you read the articles carefully you can clearly see they decided against this action due to the wide amount of corruption in the currency auctions. ...Many of confusing this float with the float once on the SDR basket...once they do peg it differently to the SDR basket this will drive the rate up since it is being pegged differently. Get it? The IMF and the CBI is not just arbitrarily assigning a higher rate to the dinar. The higher rate is coming from the market and the SDR basket peg. [post 2 of 2]
4-29-2018 Newshound/Intel Guru Mnt Goat ...I base my news about the FLOAT not on my opinion but on research and articles. So if you study the entire process of deleting the zeros and then eventually reinstating the dinar you can see that they are going to take the dinar off the de facto peg to the US dollar go instead re-peg it to an SDR basket of 5 currencies. How in hell are they going to do this if they leave the dinar as it is and wait for the currency on the de facto peg rate of 1184 to just float higher on it own? Has it floated higher on it own? Why is it staying at 1184? It stays at this rate because it is artificially being suppressed...The 1184 rate is solely based on the US dollar peg. It is an temporary /unnormalized peg. [post 1 of 2....stay tuned]
4-29-2018 Newshound Guru Kaperoni What this all means is that it could possibly postpone the CBI desire to move to Article VIII kicking the can down the road at least another 3 months. We will have to see how this plays out. Maintaining the spread within 2% for 90 days is a requirement by the IMF there is no shortcuts and it's apparent now based on today's report, the CBI couldn't comply. My guess is if the CBI could get it in alignment tomorrow they may overlook today's report. But this requirement is not something to play games with you either do it or you don't. So our tentative guideline was June 15th. I can't answer if that still holds true or if it's starting over but it is for certain that nothing will happen before then. [post 2 of 2]
4-29-2018 Newshound Guru Kaperoni Well today's auction sales are a bit surprising they are at 1215 to $ 1 which technically has fallen out of compliance within the 2% as required by the IMF. Can the get that back in compliance by tomorrow? With 48 days to go to meet the 90-day requirement this is a setback if they have to start over. Today's CBI auction was $210 million so it was fairly large in an attempt to get the spread back in alignment. We will just have to see how this plays out but I'm getting the feeling that we're going to have to start the 90-day requirement. [post 1 of 2....stay tuned]
4-29-2018 Intel Guru RayRen98 The Association of Private banks partnered with the CBI at the University of Baghdad college campus to promote the new banking services at no charge to the students. The CBI says that the Memorandum of Understanding signed with VISA International allows the Iraqi citizens worldwide use.
4-29-2018 Newshound/Intel Guru Mnt Goat [Is it true only Iraqi dinar from the years 2003-2008 can expect an increase in value? I hear if purchased later like issued in year 2013, it will not be “reinstated”.] ...This is certainly NOT true. All of the 3 zeros notes from 2003-2018 will be exchangeable.
4-29-2018 Intel Guru ADMINBILL THERE IS A REASONABLE POTENTIAL FOR AN UPGRADE TO THE COLOR CODE TO A PRETTIER SHADE OF SUMMER GREEN DURING THE COMING DAYS.4-29-2018Newshound Guru Kaperoni ...we continue to document progress and prove that what we are presenting is what is happening. This will be a process that takes several months or even years to raise the value and if we're lucky may start by the end of the year.
4-29-2018 Newshound Guru Kaperoni Well today's auction sales are a bit surprising they are at 1215 to $ 1 which technically has fallen out of compliance within the 2% as required by the IMF. Can the get that back in compliance by tomorrow? With 48 days to go to meet the 90-day requirement this is a setback if they have to start over. Today's CBI auction was $210 million so it was fairly large in an attempt to get the spread back in alignment. We will just have to see how this plays out but I'm getting the feeling that we're going to have to start the 90-day requirement. [post 1 of 2....stay tuned]
4-29-2018 Intel Guru RayRen98 The Association of Private banks partnered with the CBI at the University of Baghdad college campus to promote the new banking services at no charge to the students. The CBI says that the Memorandum of Understanding signed with VISA International allows the Iraqi citizens worldwide use.
4-29-2018 Newshound/Intel Guru Mnt Goat [Is it true only Iraqi dinar from the years 2003-2008 can expect an increase in value? I hear if purchased later like issued in year 2013, it will not be “reinstated”.] ...This is certainly NOT true. All of the 3 zeros notes from 2003-2018 will be exchangeable.
4-29-2018 Intel Guru ADMINBILL THERE IS A REASONABLE POTENTIAL FOR AN UPGRADE TO THE COLOR CODE TO A PRETTIER SHADE OF SUMMER GREEN DURING THE COMING DAYS.4-29-2018Newshound Guru Kaperoni ...we continue to document progress and prove that what we are presenting is what is happening. This will be a process that takes several months or even years to raise the value and if we're lucky may start by the end of the year.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website)
Last article posted is dated April 28 and has already been shared.
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ARTICLE 2
Tweets posted on Government of Iraq twitter account:
- Iraq’s foreign policy is based on the principles of non-interference, shared interests and respect for international law. Learn more here https://bit.ly/2HEyJxV
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ARTICLE 3
Rafidain to hold its first financial conference tomorrow
2018/4/30 8:14
[Ayna-Baghdad]
Rafidain Bank is preparing to hold its first financial and banking conference to explain the mechanism of loans and advances and settle the salaries of employees electronically.
"The bank will hold its first financial and banking conference on Tuesday at 1:00 pm at the fishing club hall in the presence of officials of the Ministry of Finance and the Central Bank, and advisers in the prime minister and the state institutions and directors," the bank's media office said in a statement received by the agency All Iraq. Government and private banks and other officials. "
He pointed out that "will discuss the mechanism of loans and advances and the settlement of salaries of employees of the state departments electronically and the issuance of MasterCard and granting them advances and loans and the announcement of the application of electronic system and update citizens' data."
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ARTICLE 4
Their global dimension .. Masoum stresses the role of workers in the reconstruction process
2018/4/30 10:46
[Ayna-Baghdad]
President Fuad Masoum on Monday sent a congratulatory message to the workers of Iraq on the occasion of World Labor Day.
"He reiterated his firm position on the need to protect the rights of the working class and its trade union freedoms," Masoum said, referring to his "ratification of the law of the Republic of Iraq's accession to the Convention on Freedom of Association and Protection of Trade Union Organization."
He also stressed the vital role of workers in developing the national economy and reconstruction as well as strengthening national unity and achieving community reconciliation in all countries.
"On the occasion of the International Labor Day on 1 May this year, we extend our warmest congratulations to the working class in our country and the world and to express our feelings of pride in the history, sacrifices and struggles of this class for freedom, justice and fraternity among all nations and peoples," he said.
"We also recall with pride and pride the sacrifices and suffering of Iraqi women workers in the midst of their national struggle and trade unionism, which has become the title of sacrifice and courage in the face of the forces of dictatorship and exploitation and inspiring the insistence on demanding rights and freedoms and working hand in hand with other national groups to achieve Democracy and the realization of the supreme national goals of the people, which is to defeat terrorism completely and build a state of citizenship, freedom, justice and a decent life for all Iraqis, and to ensure a better future for future generations. "
"We take this opportunity to reaffirm our country's determination to move forward towards building a modern state, which requires strengthening the status of the working class in the development of the national economy and reconstruction as well as its vital role in strengthening national unity and achieving community reconciliation in all countries. Through the enactment of laws to raise their standard of living, as well as to strive for the protection of trade union freedoms legislated laws consistent with their counterparts in the countries of the democratic world.
He pointed out that "the Presidency of the Republic recently ratified the law of the accession of the Republic of Iraq to the Convention on Freedom of Association and Protection of Trade Union Organization, and salute the Iraqi working class and the world in its glorious Eid and every year and workers and workers in Iraq at the forefront of our people to build a state of citizenship and constitutional freedoms and rights.
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ARTICLE 5
US Embassy Announces Launch of Fellowship Program [Hubert Humphrey]
2018/4/30 9:31
[Ayna-Baghdad]
The Embassy of the United States of America in Iraq announced the introduction of the Hubert Humphrey fellowship program.
"The US Embassy in Iraq is pleased to announce the start of the annual competition for the Hubert Humphrey fellowship program," a statement received by the All Iraq agency [AIN] said.
"This one-year program includes both young people and those in the middle of their career who have a proven record of leadership, commitment to public service and the ability to make the most of a separate, non-degree program at a leading US university. The program gives a certificate issued by the US government and is not designed to award a higher degree. "
"The Hubert Humphrey fellowship program brings together outstanding professionals from several countries around the world on the United States, at a stage that is in the middle of their careers to engage in higher academic curricula and professional development activities of one year."
"The Humphrey program began in 1978 to honor the achievements of the late Senator and Vice President [Hubert Humphrey]. The Fellowship is selected based on their ability to assume leadership and commitment to public service."
"The program lays a foundation for establishing sustainable links between US citizens and their counterparts in the profession from other countries and promotes the exchange of knowledge and mutual understanding across the world," the statement said, noting that "fellowships are awarded on a competitive basis to qualified candidates who have a commitment to public service both at the public sector level and The private".
On the sectors / fields to which the program is eligible, the US Embassy has announced a list of fields to be submitted to and selected by embassies and commissions to meet the country's priorities: sustainable development, rural and agricultural development, economic development, banking and finance, natural resources and environmental policy and change. Climate, Regional and Civil Planning, Democratic Institution Building, Communication / Journalism, Law and Human Rights, Policy Analysis and Public Administration, Policy and Prevention of Human Trafficking, Technology Policy and Management, Human Resource Management, Education Lim, Policy, Planning and Educational Administration, Higher Education Administration, Teaching English as a Foreign Language, Public Health, Public Health Policy and Management, HIV / AIDS Prevention, Treatment and Education on Drug Abuse].
"Humphrey Fellowships must have an undergraduate degree, five years of permanent career experience, leadership qualities, public service proficiency, proficiency in English, and limited experience in the United States," the statement said. .
The US Embassy announced that "the deadline for submission of the program is June 16, 2018."
For more information about the program and how to apply, please visit: https://iq.usembassy.gov/
For further inquiries about the program, send an email to FulbrightIraq@state.gov, or call us on [07704431572]
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ARTICLE 6
The capture of the "right hand" of Abu Bakr al-Baghdadi "undercover"
Sunday, April 29, 2018 at 10:47 am
The Turkish Daily reported that the Turkish authorities arrested one of the leaders close to the leader of the Dahesh, disguised among the refugees.
The newspaper published a report on the arrest of Turkish security close to Abu Bakr al-Baghdadi when he was trying to reach Europe disguised among the refugees.
It added that Turkish security forces arrested three other leaders during a raid on Friday morning in the city of Izmir, pointing out that Kassir al-Hadawi was in the circle close to al-Baghdadi.
She confirmed that the security services hoped to obtain adequate information about al-Baghdadi after the arrest of al-Hadawi, who was involved in the killing of 700 civilians in Deir al-Zour, while he was conducting operations.
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