WOTS Tuesday 5/15/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,173.1000 | 1,173.1000 | 1,173.1000 | | 20:00 |
| USD/VND | | | 22,735.5000 | 22,528.0000 | 22,528.0000 | | 04:15 |
| USD/CNY | | | 6.3575 | 6.3293 | 6.3293 | | 06:51 |
| USD/KWD | | | 0.3012 | 0.3004 | 0.3011 | | 06:50 |
| GBP/USD | | | 1.3572 | 1.3524 | 1.3562 | | 06:51 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,051.0000 | 13,963.0000 | 13,988.0000 | | 06:46 |
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DC NY Iraq Articles:dd
Reduce working hours during the month of Ramadan
2018/5/15 10:56 • 554 times read
{Baghdad: Al-Furat News} A source in the Kurdistan Regional Government revealed the reduction of working hours in all government departments and ministries for one hour during the month of Ramadan.
"During the month of Ramadan, working hours in all government departments of the Kurdistan Regional Government will be reduced by one hour, which means that the hours will be from 8 am to 1:30 pm," the source said today.
The source said that "the schedule of reducing the working hours of the evening will be as morning to reduce working hours one hour, in addition to the suspension of evening work during the month of Ramadan in some departments and conduct transactions of citizens during the morning, especially in traffic circles."
For his part, said Sven Dzei, spokesman for the Kurdistan Regional Government: The official working during the month of Ramadan of the authority of the management of government institutions and can issue the appropriate decision in this regard.
The bank said it was "continuing to grant loans to citizens up to 50 million dinars for the purposes of construction area of not less than 50 meters," pointing out that 'the term of the loan will be 10 years and a period of three months'.
The statement pointed out that 'of the conditions to grant the amount that the plot of land in the name of the owner of the loan on the basis of independence or by the joint name under a modern bond issued and supported by the Department of Real Estate Registration competent'.
Brent crude for futures was $ 78.21 a barrel, unchanged from the last close and close to a three-and-a-half-year high of $ 78.53 reached in the previous session, Reuters news agency reported.
West Texas Intermediate crude futures were $ 70.88 a barrel, down eight cents, but still close to the highest since November 2014 at $ 71.89 a barrel last week.
World markets are in short supply after the Organization of the Petroleum Exporting Countries (OPEC) cut off supplies since 2017 to raise oil prices.
Experts said crude prices were well supported by the imminent renewal of US sanctions on OPEC member Iran.
"The commitment of Saudi Arabia and the rest of the OPEC members to production cuts is a key factor in supporting the price at the moment, as well as the possibility of lower imports from Iran due to sanctions," said William Olokhalin, investment analyst at Rifkin Securities.
OPEC cuts and imminent sanctions come amid strong demand.
Tuesday's data showed refinery operating rates in China, the world's largest oil importer, up 12 percent in April from a year earlier to 12.06 million bpd, the second-highest level recorded on a daily basis.
The source said that "the schedule of reducing the working hours of the evening will be as morning to reduce working hours one hour, in addition to the suspension of evening work during the month of Ramadan in some departments and conduct transactions of citizens during the morning, especially in traffic circles."
For his part, said Sven Dzei, spokesman for the Kurdistan Regional Government: The official working during the month of Ramadan of the authority of the management of government institutions and can issue the appropriate decision in this regard.
Rafidain continues to grant 50 million dinars loan for construction purposes
15-05-2018
Rafidain Bank announced Tuesday that it will continue to grant a 50 million dinar loan for construction purposes.
The bank said it was "continuing to grant loans to citizens up to 50 million dinars for the purposes of construction area of not less than 50 meters," pointing out that 'the term of the loan will be 10 years and a period of three months'.
The statement pointed out that 'of the conditions to grant the amount that the plot of land in the name of the owner of the loan on the basis of independence or by the joint name under a modern bond issued and supported by the Department of Real Estate Registration competent'.
Oil prices are stabilizing after OPEC cuts and Iran's sanctions
15/05/2018
Oil prices were steady on Tuesday as OPEC production cuts and pending US sanctions on Iran, which threatened to reduce supply in the market, continued amid signs of continued strong demand.
Brent crude for futures was $ 78.21 a barrel, unchanged from the last close and close to a three-and-a-half-year high of $ 78.53 reached in the previous session, Reuters news agency reported.
West Texas Intermediate crude futures were $ 70.88 a barrel, down eight cents, but still close to the highest since November 2014 at $ 71.89 a barrel last week.
World markets are in short supply after the Organization of the Petroleum Exporting Countries (OPEC) cut off supplies since 2017 to raise oil prices.
Experts said crude prices were well supported by the imminent renewal of US sanctions on OPEC member Iran.
"The commitment of Saudi Arabia and the rest of the OPEC members to production cuts is a key factor in supporting the price at the moment, as well as the possibility of lower imports from Iran due to sanctions," said William Olokhalin, investment analyst at Rifkin Securities.
OPEC cuts and imminent sanctions come amid strong demand.
Tuesday's data showed refinery operating rates in China, the world's largest oil importer, up 12 percent in April from a year earlier to 12.06 million bpd, the second-highest level recorded on a daily basis.
Indian Consulate in Erbil Announces Commencement of Visa Services
Total of 45 Violations Against Journalists Occurred During Election in Kurdistan: Monitor
ERBIL — Metro Center for Journalists’ Rights and Advocacy revealed on Monday that a total of 45 cases of violations against journalists and media outlets were recorded during the election days.
In a statement released two days after the general parliamentary election in Iraq, the Metro Centre said that the majority of the violations were in Sulaymaniyah province.
According to the statement, several journalists were attacked and many others were prevented from covering the vote at certain polling stationsd
Kauaihn Iraq Articles:dd
Iran announces its official position on the Iraqi elections
Release date: 2018/5/15 10:27 • 459 times read
{International: Euphrates News} The Islamic Republic of Iran announced its official position from the parliamentary elections held last Saturday in Iraq.
Iranian Foreign Ministry spokesman Bahram Qasimi congratulated the Iraqi government and people on the successful conduct of the parliamentary elections, saying that "the Iraqi people and through their successful participation in the elections strengthened the gains and victories resulting from the war on terror."
"The Iraqi people, by participating in the elections, reaffirmed their firm and patriotic determination to recognize the gains and victories resulting from the fight against terrorism and proved that, in accordance with the recommendations of the religious authority, religious scholars and national unity, it is able to play an important role in establishing the pillars of stability, security and prosperity of Iraq and the security of the region."
"The Islamic Republic of Iran, stressing the importance of promoting political and popular participation in Iraq, is ready to contribute to its development and reconstruction," Qassimi said.
"The Iraqi people, by participating in the elections, reaffirmed their firm and patriotic determination to recognize the gains and victories resulting from the fight against terrorism and proved that, in accordance with the recommendations of the religious authority, religious scholars and national unity, it is able to play an important role in establishing the pillars of stability, security and prosperity of Iraq and the security of the region."
"The Islamic Republic of Iran, stressing the importance of promoting political and popular participation in Iraq, is ready to contribute to its development and reconstruction," Qassimi said.
$1b of Domestic Investment for Kurdestan Steel Production
Tuesday, May 15, 2018
Capacities will be established for the production of 2.5 million tons of iron ore concentrate, 2.5 million tons of pellet, 1.6 million tons of direct-reduced iron, 1.5 million tons of molten metal and 1 million tons of flat steel per year
Kurdestan Province is home to 20 iron ore mines that hold about 74 million tons of the country’s 2.8 billion tons of proven reserves
Iran's largest state-owned mining holding and a consortium of steelmakers signed an agreement on Sunday to invest $1 billion in setting up an integrated steel production chain in Kurdestan Province.
"As per this agreement, capacities will be established for the production of 2.5 million tons of iron ore concentrate, 2.5 million tons of pellet, 1.6 million tons of direct-reduced iron, 1.5 million tons of molten metal and 1 million tons of flat steel per year," said Mehdi Karbasian, chairman of Iranian Mines and Mining Industries Development and Renovation Organization.
"Two or three of the six plants are set to start production in the next three years," he added.
According to Mohammad Darevazmi, the head of Kurdestan Province's Industries, Mining and Trade Organization, the consortium is made up of Kimia Maaden Sepahan Company with a 16% share, Emdad Mines Mobilization Development Company with 20% and Sabanour Mining and Industrial Development Company with 20%. He added that IMIDRO owns a 44% stake in the consortium.d
MRC: Most Banking Woes Unrelated to Sanctions
Tuesday, May 15, 2018
Despite the common perception of the people and some of the country’s elite, a considerable portion of problems in Iranian banks’ correspondent relations with global counterparts is rooted in non-sanction reasons
After reviewing Iran’s conformance to a host of international banking regulations and standards, the research arm of the parliament has noted that the country’s banking woes are rooted internally and called for directing attention and resources to improve the system.
“Despite the common perception of the people and some of the country’s elite, a considerable portion of problems in Iranian banks’ correspondent relations with global counterparts is rooted in non-sanction reasons,” the Majlis Research Center said in its report published on its website.
The think tank, however, acknowledged that hard-hitting financial sanctions of previous years effectively cut Iran’s ties with global partners and made it fall behind from upgrades in international regulations and standards.
The analytical report comes as US President Donald Trump violated Iran’s nuclear deal with world powers and announced on May 8 that he will be reimposing the hardest possible sanctions against Iran.
144% Rise in Trade With Indonesia
Tuesday, May 15, 2018
Iran traded $909.02 million worth of non-oil goods with Indonesia in the last Iranian year (ended March 20, 2018), which was 144% more compared to the year before, making the Southeast Asian country Iran’s 20th biggest trading partner.
As per the Islamic Republic of Iran Customs Administration’s data, Iran exported 1.98 million tons of commodities worth $645.33 million to Indonesia last year, posting a 133.58% and 272.69% decrease in tonnage and value respectively year-on-year.
The exports mainly included liquefied propane, liquefied butane and semi-finished metal or steel products.
Indonesia exported 343,843 tons of goods worth $263.69 million to Iran during the period, up 8.09% and 32.26% in tonnage and value respectively YOY.
Iran congratulates Iraq on successful parliamentary election
Tehran, May 14, IRNA – Foreign Ministry spokesman Bahram Qasemi congratulated the Iraqi nation and government on the successful holding of parliamentary elections in the country
He said late Monday that the Iraqi people consolidated their achievements and victories in the fight against terrorism through their participation in the election.
“By participating in the election, the Iraqi nation once again tried to strengthen their achievements and victories in the counter-terrorism campaign,” he said.
People of the country indicated that under the guidelines of religious authorities and through national unity, they are able to play a crucial role in consolidating stability, peace and prosperity of Iraq and regional security, he said.
The Islamic Republic of Iran is ready for contributing to the country’s reconstruction and development, as it favors further strengthening of political stability and democracy in Iraq, he said.
Of 24 million Iraqis qualified for voting, 11 million participated in the major political event.
8072**1396
“By participating in the election, the Iraqi nation once again tried to strengthen their achievements and victories in the counter-terrorism campaign,” he said.
People of the country indicated that under the guidelines of religious authorities and through national unity, they are able to play a crucial role in consolidating stability, peace and prosperity of Iraq and regional security, he said.
The Islamic Republic of Iran is ready for contributing to the country’s reconstruction and development, as it favors further strengthening of political stability and democracy in Iraq, he said.
Of 24 million Iraqis qualified for voting, 11 million participated in the major political event.
8072**1396
Kauaihn Economic Times:
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GLOBAL/NEWS/INFO
67% of Americans say they’ll outlive their retirement savings—here's how many have nothing saved
When it comes to preparing for retirement, Americans can see themselves falling behind.
5 things for May 14: China, Jerusalem, Iraq, IndonesiaCNN
Here's what else you need to know to Get Up to Speed and Out the Door. Read the full story
Here's the biggest news you missed this weekend
USA TODAY
Hawaii's volcano, the Chili's data breach, Paris' knife attack and more of the biggest news you missed this weekend. Read the full story
Evening news briefing from CNN
CNN
Evening news briefing from CNN on Sunday, May 13. Read the full story
OIL/COMMODITIES/ENERGY
Gold firms as dollar retreats from 2018 peak
Gold prices rose on the back of a subdued dollar as investors considered the prospects of fewer interest rate hikes in the United States this year.
Read more: https://www.cnbc.com/2018/05/
Further High Grade Gold and RC Drilling at Yandal West
Investor Insight
Great Western Exploration (ASX:GTE) has announced that latest RC drilling results at its Yandal West gold project indicated drilling continues to intersect numerous gold mineralised zones within the May Queen anomaly. The zones generally consist... Excerpt: Read the full story
Citi warns that surging oil prices could soon create a 'hostile environment' for stocks
A dramatic upswing in oil prices over recent months could soon create a "particularly hostile environment" for global investors, Citi economists warned Monday.
OPEC raises oil supply forecast on surging US output but warns about global growth uncertainty
CNBC
OPEC forecasts that U.S. drillers will account for most of the growth in oil production this year but warns that the global economic growth picture is clouded by uncertainty. Read the full story
Oil ebbs from multi-year highs on surge in U.S. drilling, Iran sanctions opposition
Reuters
Oil prices on Monday fell away from last week's multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran. Read the full story
US will be 'very strong' for next 15-20 years due to shale boom, petrochemicals CEO says
Borealis Chief Executive Mark Garrett also told CNBC that Donald Trump's tax cuts "have not been bad for business."
Read more: https://www.cnbc.com/2018/05/
Gas prices rise to levels not seen in more than 3 years
CBS News
Now is the busiest driving season and until September, Americans will pay an extra $200 dollars on gas compared to last year Read the full story
BANKS/BANKING/CREDIT
HSBC says it’s made the world's first trade finance transaction using blockchain
HSBC and ING said that the exchange was performed in 24 hours, compared to the five-to-10 days it normally takes through a paper-based system.
Read more:
Why HSBC whistleblower Hervé Falciani fears for his freedom
BBC News US
Hervé Falciani is a fugitive from Swiss justice and now faces a new fight against extradition from Spain. Read the full story
The man who called 'The Big Short' says Deutsche Bank is a 'problem bank'
Business Insider
Steve Eisman. Steve Eisman: "Deutsche Bank has real profitability issues... they're probably under capitalised, I think they're probably raising capital next year... it has to shrink dramatically." Eisman is famous for betting against the US housing market in the run-up to the 2008 subprime mortgage crisis. LONDON - The hedge fund manager famous for betting against the United States housing market in the run-up to the 2008 financial crash says Deutsche Bank is "a problem bank" that must "shrink Read the full story
German bank replaces SWIFT with Bitcoin for international loan transfers
TNW
Bitbond, a German online bank, is utilizing Bitcoin to allow international transfer of loans. The service allows small scale businesses that sell their products online to borrow up to € 50,000. If the statistics on the Bitbond website are to be believed, the bank has already lent more than $10 million to 2,500 businesses. Bitbond... Read the full story
5 Types of Savings Accounts Seriously Worth Considering
MyDomaine
Personal finance 101. It's not that I wasn't aware that there were different types of savings accounts for the almost three decades of my life, it's just that New York City living kept my savings to a minimum, and what I did have I wanted to keep liquid. But what I've learned (via my intelligent older brother) is that having a regular savings account at my local bank reaps very little interest and that I'd be wise to diversify my savings. (I mean you diversify your 401K portfolio, so why not Read the full story
Trying to Spend Enough for a Credit Card Signup Bonus? What to Do and What to Avoid
The Motley Fool
If you’re short of a spending minimum, there are smart and not-so-smart ways to bridge the gap. Read the full story
TREASURIES/BONDS/STOCKS
US Treasurys tick lower as investors await key auctions
U.S. government debt prices dipped into negative territory on Monday, as investors awaited the release of Treasury Department auctions.
Read more: https://www.cnbc.com/2018/05/
Dow rises 100 points as US-China trade concerns abate
Stocks opened higher on Monday amid hopes of a potential breakthrough in trade tensions between the U.S. and China, the world's two largest economies.
Top 5 Things To Know In The Market On Monday
© Reuters. Top 5 things to know today in financial markets Read the full story
Money is flowing into passively managed bond funds
CNBC
Over the past five years, $629 billion in assets have flowed into passively managed bond funds and $206 billion has flowed into active funds. Read the full story
The bond market is doing something it hasn’t done since 2007 — and could be signaling a recession
CNBC
The yield curve is flatter than it has ever been since before the financial crisis. If it gets any worse, there'll be lots of talk of recession, says Craig Johnson, chief market technician at Piper Jaffray. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Where Is Ethereum Going? 5 Predictions for Ether Price and Value in 2018
Inverse
Inverse
Ethereum, the world's second-largest cryptocurrency, jumped 1.45 percent on Monday. The blockchain-based token is set to soar to move past Bitcoin and reach even higher value, buoyed by the likes of CryptoKitties and other online ventures that use the token. Read the full story
Bitcoin Risks Drop Toward $8K After 3-Week Low
CoinDesk
Bitcoin hit a three-week low over the weekend and may be looking at a deeper sell-off below $8,200, price chart analysis indicates. Read the full story
Cryptocurrency Based Online Poker Room CoinPoker Launches the First Crypto Series of Poker (CSOP) with a Prize Pool of 10,000,000 CHP - Bitcoinist.com
A poker room built on blockchain technology, CoinPoker is a well and truly on its way to revolutionizing the concept of online poker with the launch of the first Crypto Series of Poker (CSOP). These daily tournaments will take place between May 27 and June 3, offering a total prize pool of ten million CHP (the official cryptocurrency of the platform). May 11, 2018 – CoinPoker, a cryptocurrency-based online poker room built on trust and transparency, is delighted to announce the official launch Read the full story
Bitcoin conferences flood New York, and bring millions in ticket sales with them
One ticket to CoinDesk's Consensus three-day conference in New York City in the coming week can cost roughly $2,000, and with well over 4,000 are expected to attend the conference is likely bringing in at least $8 million.
Will bitcoin become a mainstream currency?
Fox News
Galaxy Digital Capital Management CEO Mike Novogratz on the impact of the tax reform legislation and the outlook for cryptocurrency. Read the full story
CURRENCIES
Dollar slides further as euro rallies towards $1.20
The dollar headed for its fourth successive day of losses on Monday as broad risk appetite returned.
Read more: https://www.cnbc.com/2018/05/
Forex - Dollar Slides Lower, Euro Regains Ground
© Reuters. Dollar slides lower, euro regains ground Read the full story
Tell us what you think: What does the recent volatility in emerging market currencies signal?
CNBC
In this week's Trader Poll, we want to know what you think volatility in emerging market currencies is suggesting. Read the full story
INSURANCE / HEALTH
Intermittent fasting is more than just a weight-loss regimen, says 10-year veteran
South China Morning Post
South China Morning Post
Health coach Dali Harilela wakes up at 4.30am, but doesn’t have her first meal until lunchtime. She says her health regimen keeps her trim and healthy, and she is not alone, with more people trying out the fasting trend Read the full story
Parkinson's, dementia: Is this the key to preventive therapy?
Medical News Today
A landmark study sheds light on the underlying mechanisms that impact neural health in Parkinson's disease and dementia. Can it lead to better treatments? Read the full story
A New Company Aims to Bring Gene Editing to Sick Patients—Fast
VICE
Beam Therapeutics will be the first to pursue therapies using a new, more precise technique. It could be the first step to translating gene-editing technology into treatments for human illness. Read the full story
USA/CANADA
US should watch its debt pile before 'things get out of hand,' Fed's Mester says
The U.S. should keep its debt-to-GDP (gross domestic product) in mind before things "get out of hand," Federal Reserve Bank of Cleveland President Loretta Mester said Monday.
Economic Calendar: Top Things To Watch
Economic Indicators May 14, 2018 11:09 GMT Investing.com - On Tuesday, look for the May readings on retail sales, business inventories and the New York Empire State Manufacturing Index.The oil markets will be watching for weekly inventory data from the API on Tuesday and the EIA on Wednesday.Housing starts, building permits, industrial production and capacity utilization data are due out Wednesday.Cisco Systems (NASDAQ:CSCO), Macy’s (NYSE:M), Jack In The Box and Salesforce.com (NYSE:CRM) report Read the full story
Five things that indicate whether economic growth will continue in 2018
The Independent
It will be a week when the news will be dominated by big, global and political forces, but our future prosperity and wellbeing will be determined more by the modest progress of the major economies. Read the full story
A New Volcano Fissure in Hawaii Spits Exploding Lava Into the Air, Prompting More Evacuations
TIME
Nearly 40 homes and other buildings have been lost to the lava Read the full story
Watch Out -- Here's Why Tax Reform Could Give You a Nasty Shock Next April
The Motley Fool
Find out the unintended consequence of the measure. Read the full story
China blamed for destroying U.S. manufacturing
Axios
Steel furnace in the U.K., 1954. New data have persuaded many economists that Chinese trade, and not robots, is at fault for vanished manufacturing jobs across the Ohio and Mississippi river belts, but a key expert is disputing the finding. Why it matters: Within the answer may lie the answer to resurrecting at least some of the hollowed out manufacturing heartland, or at least not making the same mistakes again. And it may also help explain the rise of populist leaders like President Trump. A Read the full story
EMERGING MARKETS
Wake up Congress, our NAFTA partners are ramping up trade in Europe and the Pacific Rim
USA TODAY
USA TODAY
Mexico and Canada are ramping up trade with Europe and the Pacific Rim as the U.S. looks inward. Congress must be willing to make concessions on NAFTA. Read the full story
MIDDLE EAST
US embassy in Jerusalem will increase Middle East instability, warns Saudi Arabian prince
"It's not a step that will bring peace to Palestine or the Middle East," the former head of the Kingdom's intelligence agency told CNBC on Monday.
37 killed as violence greets U.S. Embassy move to Jerusalem
USA TODAY
Thousands of Palestinian protesters gathered along the border with Israel on Monday ahead of the inauguration of the new U.S. Embassy in contested Jerusalem. At least 16 Palestinians were killed. Read the full story
Iraq vote: Initial results show PM Abadi, Muqtada al-Sadr leading
Aljazeera
While final results for Iraq's parliamentary election expected on Monday, preliminary figures point towards the two main Shia lists as the leading contenders. Prime Minister Haider al-Abadi's list appears to be in the lead, followed by influential Shia cleric Muqtada al-Sadr's alliance, an election commission source and a security official told Reuters news agency on Sunday. Commenting on the preliminary results, Ibrahim Marashi, associate professor at the Department of History, California State Read the full story
Iraq election: Shia rivals of PM Abadi 'make gains'
BBC News US
The bloc led by PM Haider al-Abadi is trailing behind two other Shia groups, early results suggest. Read the full story
UAE energy minister says OPEC not targeting a certain oil price
United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui, however, said he is worried about the level of oil investment in 2019 and 2020.
Read more: https://www.cnbc.com/2018/05/
Abu Dhabi oil boss sees a 'huge growth opportunity' in the refining sector
The United Arab Emirates is making a push to be a major player in the downstream oil market, says Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC).
AFRICA
Reserve Bank of Zimbabwe bans cryptocurrency trading.
FurtherAfrica
FurtherAfrica
Banks Given 60 days To Comply (Full Statement) Read the full story
Mozambique anticipates landmark Chinese-built bridge set for launch in June
FurtherAfrica
A twin-tower suspension bridge with a main span of 680 meters hanging over Maputo Bay is decorating the skyline of southern African nation Mozambique's capital city Maputo, becoming a new landmark project that will ease the city's cross-sea traffic. Read the full story
South Africa: Two Million in Foreign Currency Seized At Cape Town International Airport
AllAfrica
South African Revenue Services (Sars) custom officials have confiscated almost R2m in foreign currency hidden in the luggage of a man heading to Dubai from Cape Town International Airport. "After receiving a tip-off from Customs officials at OR Tambo International Airport (Ortia), the man was stopped by Customs officials and members of the Detector Dog Unit as he was about to embark on the flight to Dubai," Sars Chief Officer: Customs and Excise, Teboho Mokoena, said in a statement. Mokoena said Read the full story
Africa: At Com 2018, Ministers Discuss Agriculture's Potential to Power Africa's Economic Growth
AllAfrica
(Photo: Africa Centre for Economic Transformation) All is set for the Conference of African Ministers of Finance, Planning and Economic Development.One of the key side events that will be held during the conference will focus on agriculture's potential to power Africa's economic transformation. The side event is jointly organized by the Economic Commission for Africa's Regional Integration and Trade Division (RITD) and the African Center for Economic Transformation under the title; 'A force to Read the full story
ASIA
Pompeo: North Korea needs US security assurances to get a nuclear arms pact
The U.S. is offering assurances to North Korea's Kim Jong Un as it seeks to put in motion the potential for a sweeping nuclear deal.
Hong Kong insurer FWD plans joint venture in Shanghai as China opens financial sector
South China Morning Post
The company, part of tycoon Richard Li Tzar Ka’s Pacific Century Group, could take 51 per cent in the venture, according to reports Read the full story
China's night-owl retail investors leverage up to dominate oil futures trade
Business Insider
FILE PHOTO: A company logo of Shanghai Futures Exchange is displayed at a booth during LME Week Asia in Hong Kong Thomson Reuters By Meng Meng and Josephine Mason BEIJING (Reuters) - As 9 pmapproaches every weekday night in China, a small army of individual investors from around the country log onto trading apps on their mobile phones and laptops. Wall Street may be about to open but these night owls are interested in trading something much closer to home - the new Shanghai crude oil futures Read the full story
Trump’s betrayal of Iran deal brings US-China trade war to a much scarier level
South China Morning Post
As China has no intention of going along with any new US sanctions on Iran, the stage could be set for a rise in tensions Read the full story
China ‘ready to build bigger warships’ as first home-grown carrier starts sea trial
South China Morning Post
New vessel is an upgrade to the Liaoning, a retrofitted Soviet-era aircraft carrier Read the full story
Malaysia markets pare losses after surprise election, as Asia trades mixed
Asian shares were mixed on Monday, with Malaysia's KLCI paring steeper losses seen at the open after an election last week.
Read more: https://www.cnbc.com/2018/05/
Why is China suddenly seeking Filipino English teachers?
South China Morning Post
In a lesson to Manila that it pays to have close ties with China, Beijing shifts its attitude towards workers from the Philippines Read the full story
EUROPE
Greece races to meet bailout demands as inspectors return
ABC News
ABC News
Bailout inspectors have returned to Athens, as the country races to comply with the final terms of its rescue program that ends in August Read the full story
May Asks for ‘Trust’ With Cabinet at Breaking Point Over Brexit
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Prime Minister Theresa May faces a crunch week for her leadership and Brexit plan, with ministers and backbenchers in her Conservative Party feuding over Britain’s future ties to the European Union. May issued a plea for unity in an opinion piece in the Sunday Times newspaper, calling on Brexiters to “trust me to deliver.” “I will not let you down,” she wrote. Less than a year until the U.K. leaves the EU, the government still hasn’t Read the full story
Exclusive - Jumping ship: Brexit-hit EU staff ditch UK passports
Reuters
About one in 10 British civil servants at the European Commission has taken another EU nationality since the Brexit vote, but are nonetheless resigned to scant prospects of future promotion. Read the full story
'The clock is ticking', EU tells Brexit Britain
Reuters
The European Union on Monday warned Britain time was running out to seal a Brexit deal this autumn and ensure London does not crash out of the bloc next March adding to pressure on Prime Minister Theresa May. Read the full story
Trump’s Iran sanctions will aggravate the French-German discord on EU reforms
After a decade of taking a back seat to Germany in economic policy and European affairs, France is now moving center stage in denouncing what it calls the German "fetishism of trade and budget surpluses" at the expense of the rest of Europe and a wider world, Michael Ivanovitch writes.
Read more: https://www.cnbc.com/2018/05/
UK could lose influence on EU security and defense policy: report
Reuters
Britain may lose its influence on EU security and defense policy after it leaves the European Union, according to a parliamentary report on Monday which urges the government to put forward proposals for future co-operation. Read the full story
CBI, ISX and Kauaihn Chatter:
CBI Update:
The CBI for Tuesday 5/15/18 did update on the indicative rates Sell Rate 1184
The currency auction is 205,396,873
There is one news and announcements for Tuesday 5/15/18
1.Conformity Detection Form
To all banks (identical statements) ... To download click here.
May 15, 2018
To all banks (identical statements) ... To download click here.
May 15, 2018
Li / all banks (matching statements) ... To download click here.
Cant see article.
ISX Update:
Value Traded
894,180,317
Shares Traded
1,441,959,424
ISX ended in Green
5-15-2018 Newshound Guru Whitelions ...I see Sadr's party won this should start to get good. ...I did catch the BBC news and it is reporting that Sadr's block won... now we wait ...he may shake things way up and appoint some one no one has ever heard of. Sadr does not like the US or Iran having any say in Iraq but he does like what is going on in Saudi Arabia which is great for the reform, I think he will choose Abadi for PM BUT he has always been a horse of a different color so we wait...
5-14-2018 Newshound Guru Kaperoni Just a reminder to all, that Prime Minister is not an elected position. It is a consensus among political blocs after the election. So we are in for a bit of a wait while negotiations and alliances are formed.
5-14-2018 Intel Guru RayRen98 ...Not all the little tier two and tier three banks can do exchanges on this level. Any bank that already deals with foreign currency will have those rates on their screens as soon as this goes. We were told only Wells Fargo and Bank of America will do the exchanges from day one...5-14-2018 Newshound/Intel Guru Mnt Goat We know that the religious cleric al-Sadr does not want to run the country as prime minister. He ran for office in a political gesture in order to take votes away from the other alliances. So Al-Sadr seems to have been successful in his tactic to hoard the votes and so now his bloc may get to choose the next prime minister. We suspect that al-Sadr will do this, but he has not yet made his announcement so it is not yet over until it’s over. So hang and in and let’s see how this all plays out today. I repeat it is not yet all official. The judiciary still must also ratify the results to ensure nothing is fishy and all is proper. [post 2 of 2]
5-14-2018 Newshound/Intel Guru Mnt Goat The Iraq elections are over. As we all should know the parliamentary elections were supposed to be run last November 2017, but due to ISIS they were postponed and combined with the presidential elections (Prime minister, speaker and president) on May12th. So far with most votes counted, a bloc headed by cleric Moqtada al-Sadr and another led by a militia leader are ahead, voting officials are quoted as saying. They suggest Mr Abadi's governing alliance is running third. So did former PM Abadi win the elections? We do not yet know for sure. But I would say no. I am hearing his alliance by itself did not win however the way the election works, al-Abadi might still get to serve a second term and be appointed prime minister. This may be done by combining votes to the winning bloc. The winning bloc decides the candidate who will actually be the prime minister. [post 1 of 2....stay tuned]
5-14-2018 Newshound Guru Don961 [...I've read through 70 plus articles, a number of them containing conflicting information...] ...until the official final word from the Official Election Commission is made known ... all the other stuff matters not ... imo.
5-14-2018 Newshound/Intel Guru Mnt Goat So the elections are over, we did not get the reinstatement prior to elections just as I told everyone would NOT happen. So now the new the government is not yet formed. The big question is this - Will the CBI wait the entire 90 day process of forming the government (August) before moving to reinstate the currency? We don’t know and I am not going to guess. I will tell you what I do know for FACT. The CBI told us they will keep us informed along the process of the project to delete the zeros. So I suspect that now that the elections are over we will get some kind of update from the CBI on where this project now stands. All we can do is wait and watch.
5-14-2018 Newshound Guru chattels Mosul, the second largest city in Iraq has yet to indicate any returns from the polls. Abadi was expected to show well in Mosul / Nineveh, we shall see.
5-14-2018 Newshound Guru Kaperoni It looks like PM al-Abadi's bloc has come in first and will stay PM. This is preliminary of course.5-14-2018 Newshound Guru chattels The news reports are confusing and somewhat conflicted. My best take on the results is that Abadi has about 60 seats and Sadr 51.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not on English side)
Speech of the Prime Minister and Commander-in-Chief of the Armed Forces Dr. Haider Al-Abbadi to the Iraqi people
In the name of of Allah the Merciful
O sons of our honorable people
O heroes of sacrifice, which you have made for this country, its glory and victory and glory.
The Iraqis have presented the best image in their defense of their homeland and sanctities and over the past four years have overcome the most serious challenges and overcome the impossible, while continuing their distinguished democratic experience
, And after we faced the greatest existential challenge remained Iraq strong Aziz raised head and went out editor and unified and kept his banner fluttering on the land of Mesopotamia, and thus proud and proud and proud every Iraqi jealous.
Dear Sirs:
Since the first day of taking this government in 2014, we have prioritized liberating Iraq and preventing its expansion into the rest of the provinces. We have worked to achieve security and stability, end sectarianism among Iraqis, remove barriers and differences among the people, unite their efforts to confront the threat of terrorism and prevent partition and loss. And we endeavored with every effort and dedication to be a strong and respected state in its regional and international environment,
And that the government is free of corruption and abhorrent quotas, and the priorities that we have given the most important aspect of them and we have endeavored with determination to achieve the rest of our declared goals with calculated plans and timelines and sincere intentions and sincere to Iraq and its people.
Today, after the government has completed the constitutional elections on time and we have been able to conduct the electoral process and complete it safely and enable our people to cast their votes, I call on citizens and political blocs to respect the results of the elections and abide by the proper legal methods of violations or imbalances or appeals, and to ensure the priority of the interests of the country and its security and stability Which are more important than all other gains.
Under the Constitution of the Republic of Iraq, we will assume the full responsibility of our country to lead, protect and defend its unity, interests and sovereignty until the formation of the new government, which will undertake to carry out these national tasks and maintain and maintain important achievements achieved.
I extend my congratulations to all our people and to all the winning and leading blocs in particular in the electoral process. We express our full readiness to work and cooperate to build and form the strongest possible government for Iraq, free from corruption, abhorrent quotas and not subject to foreign agendas. Escalation of side conflicts.
I salute our armed forces and security apparatuses heroine, which once again succeeded in carrying out its national mission, and salute the souls of the martyrs and salute the wounded wounded who made Iraq his great victory.
May God Almighty Almighty grant the faithful of this country the realization of the aspirations of our people and the preservation of its victory and the sacrifices of its people and its security and stability.
Iraq lived free, united and victorious
Peace, mercy and blessings of God .
Dr. Haider Abadi
Prime Minister
Commander-in-Chief of the Armed Forces
14 May-2018
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ARTICLE 2
Abadi calls for respect for the election results and declares his readiness to form the strongest government possible for Iraq
2018/5/14 18:01
[Ayna-Baghdad]
Prime Minister Haider al-Abadi called on citizens and political blocs to respect the results of the elections and abide by the proper legal means of violations, imbalances or appeals, declaring readiness to build and form the strongest possible government for Iraq.
He said in a televised address to the Iraqi people: "The Iraqis have presented the best image in their defense of their country and their sanctities. Over the past four years, they have overcome the most serious challenges and conquered the impossible. At the same time, they continued their distinguished democratic experience. After facing the greatest existential challenge, Iraq remained strong, And united and kept his banner fluttering fluttering on the land of Mesopotamia, and thus proud and proud and proud of every Iraqi jealous. "
He added that "since the first day of this government in 2014, we have prioritized the liberation of the land of Iraq and the prevention of expansion to the rest of the provinces, and worked to achieve security and stability and end sectarianism among Iraqis and remove barriers and differences between the people of one people and unite their efforts to face the threat of terrorism and prevent division and loss, Just around the corner ".
"We have endeavored with every effort and dedication to be a strong and respected state in its regional and international environment and to be free of corruption and abhorrent quotas, the priorities that we have given the most important and the most important part of which we have endeavored to achieve the rest of our declared goals with calculated plans and timelines. Iraq and its people. "
He explained that "today, after the government has completed the constitutional election on time and we were able to conduct the electoral process and complete the security and enable our people to cast their votes, I call on citizens and political blocs to respect the election results and abide by the proper legal methods of irregularities or imbalances or appeals, Security and stability, which is more important than all other gains. "
"Under the constitution of the Republic of Iraq, we will assume the full responsibility of our country to lead, protect and defend its unity, interests and sovereignty until the formation of the new government, which will undertake these national tasks and maintain and strengthen the important achievements achieved."
"We congratulate all our people and all the winning blocs, especially those in the electoral process, and express our full readiness to work and cooperate to build and form the strongest possible government for Iraq, free of corruption, abhorrent quotas and not subject to foreign agendas, And the country is not drawn to side conflicts. "
"I salute our armed forces and our security apparatuses, the heroine, who once again succeeded in carrying out their national mission. I salute the souls of the martyrs and salute the wounded wounded who made Iraq his great victory and ask Allah the Almighty to enable the faithful of this country to realize the aspirations of our people and preserve its victory and the sacrifices of its people, .
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ARTICLE 3
National: pressure exerted on the Commission to manipulate our results in Baghdad
2018/5/15 11:47 • 24 times read
[Ayna-Baghdad]
Said the head of the parliamentary bloc of the National Coalition, Kazem al-Shammari, that "pressure exerted by some on the Electoral Commission to manipulate the results of national in the province of Baghdad, calling on the Commission not to bow to those pressures."
Al-Shammari said in a statement received by the news agency "Euphrates News" that "we are closely monitoring what is happening at the center to enter the results of the parliamentary elections, Ludina confirmed information of the pressure being exercised by some losers to manipulate the results of the National Coalition in Baghdad and change some figures."
Al-Shammari called on the Electoral Commission "not to bow to these pressures and to adhere to its integrity and transparency." He cautioned the parties seeking to manipulate the results that "we have all the data and the initial tapes from the polling stations, which indicate the correct data and we will do all the legal means available to defend the rights of our masses. Overrun ".
The National Coalition, led by Iyad Allawi, demanded last Sunday, the abolition of the results of parliamentary elections and re-conduct later to provide "appropriate conditions," while calling for the maintenance of the current government to conduct business.
The coalition said in a statement that "the National Coalition led by Iyad Allawi calls for the re-election while keeping the current government to conduct business, until the provision of conditions for the holding of elections reflect the aspirations of our people."
The coalition attributed this to "the reluctance of the Iraqi people to participate in the elections in a wide, and the spread of violence and fraud and deception and the purchase of votes and exploitation of the conditions of displaced and displaced," as he put it.
The National Coalition also pointed to the "foggy measures taken by the Electoral Commission in the electronic voting after the citizen used to different procedures in all previous elections, and the result of such reluctance of the legislature imposes a duty on the citizen away from his desire, as well as a weak government does not trust Required for success "to the extent of the statement.
The Electoral Commission announced the results of 16 provinces, including Baghdad, and today complete the announcement of the results of the provinces of Kirkuk and Dahuk after the end of the investigation on charges of fraud and violations of the elections in them.
The National Coalition in Baghdad won 204,686 votes.
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ARTICLE 4-A
11 wanted men were arrested in Najaf and found to be stoned in Mosul
Najaf - Iraq Press - May 15: Najaf police department announced on Tuesday that the fight against the crimes of the province, the arrest of wanted for various criminal offenses.
The Directorate said that "the fight against the crimes of Najaf arrested 11 wanted in accordance with different legal materials in different parts of the province and were referred to the judiciary to receive their fair punishment."
In addition, the detachments of the Directorate of Intelligence and Security of Nineveh field of the General Directorate of Intelligence and Security found a pile of equipment from the remnants of the Da'ash terrorist gangs in the area (Al Shahwan) located on the right side of the city of Mosul containing 6 plastic bottles, grenade and 4 rocket launchers against people and 9 charges A launcher, 41 detonators and 14 different communication devices. The material was lifted without incident. AH
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ARTICLE 4-B
Find Katyusha rockets north of Baghdad and arrest a dealer in Hilla
BAGHDAD, May 15 (KUNA) - The General Directorate of Intelligence and Security, in coordination with the 4th Brigade, the 22nd Brigade, the sixth division operating under the Baghdad Operations Command, found a pile of equipment north of the capital, Baghdad's intelligence and security directorate said on Tuesday.
"The stack contains four Katyusha rockets and a homemade improvised explosive device, which are filled with high explosive material, which are capable of detonating, a different object, where the material was lifted without incident," she said.
The security forces in Babil province arrested a person with a number of narcotic tablets in the province.
The officer of the Anti-Narcotics and Psychotropic Substances Division, Lt. Col. Ammar al-Nadawi, said that within the efforts of the Division, the anti-narcotics detachments in coordination with the Babil Intelligence Agency managed to arrest a defendant in Al-Tahmaziyah Street in downtown Hilla, And to refer him to the judiciary to receive his just punishment. Ending AH
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ARTICLE 5
The Sadrist movement puts a condition in return for supporting the nomination of Abbadi for a second term
BAGHDAD - May 14 - A spokesman for the leader of the Sadrist movement Salah al-Obeidi, said on Monday that the alliance is not insisting on naming a candidate for prime minister, pointing to the existence of a single condition in exchange for supporting the nomination of Haider al-Abbadi to head the next government.
Al-Obeidi said in a televised interview that "there is no problem in the nomination of Abadi, to head the next government if he made pledges according to specific schedules in exchange for his support for the prime minister." Their positions away from the pressure of their masses. "
"There is no major list going into the formation of the next government," he said, adding that "lists that have a methodology in the fight against corruption are large lists and not small.
"The vote in the Iraqi elections of 2018, rejected the previous figures, and the results of the previous elections," Obeidi said. Finished
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