When Is It 'Worth It' to Work With a Financial Advisor?
TheStreet
Choosing a financial advisor is tricky. Here is how you can successfully select one and feel confident about it. Not everyone needs a financial advisor. As a financial advisor and certified financial planner, I know I can't help every prospective client who comes through the door. Sadly, the financial advice industry has become so confusing for investors to navigate, that many investors now need a college-level course on the subject just to figure out whether they should even consider working Read the full story
WOTS Monday 6/25/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,165.7000 | 1,165.7000 | 1,165.7000 | | 20:00 |
| USD/VND | | | 22,515.0000 | 22,515.0000 | 22,515.0000 | | 20:00 |
| USD/CNY | | | 6.5435 | 6.5040 | 6.5040 | | 06:47 |
| USD/KWD | | | 0.3020 | 0.3014 | 0.3020 | | 06:45 |
| GBP/USD | | | 1.3265 | 1.3222 | 1.3262 | | 06:47 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,259.7000 | 14,073.0000 | 14,073.0000 | | 06:45 |
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DC NY Iraq Articles:dddd
Human Rights Watch»: Iraqi army prevents families in Anbar from returning to their homes
Ministry of Finance reveals the date of payment of all debts of contractors
{International: Euphrates News} The Ministry of Finance revealed the date of the settlement of the debts of contractors to the government this year, through the provision of funds allocated for it.
An official source in the ministry said in a press statement that "Prime Minister Haider Abadi directed the need to resolve the file of debts of contractors with the government, during the current year, noting that" the Ministry of Finance prepared a plan to achieve this file in coordination with the ministries and related parties after the allocation of sufficient amounts "He said.
He added that "the ministry has succeeded during the past period to hand over contractors 30 percent of outstanding debt, while currently being delivered 40 percent of them is expected to see the fourth quarter of this year delivery of the remaining 30 percent of that debt," noting that "the ministry allocated what Nearly trillion and 625 billion dinars to complete this file. "
As for the self-financing companies, the source confirmed that "the ministry has developed the treatments and the audit of the freezing of accounts and balances of self-financing companies and submitted its report on this matter to the Economic Committee in the Council of Ministers for approval."
He added that "the ministry has succeeded during the past period to hand over contractors 30 percent of outstanding debt, while currently being delivered 40 percent of them is expected to see the fourth quarter of this year delivery of the remaining 30 percent of that debt," noting that "the ministry allocated what Nearly trillion and 625 billion dinars to complete this file. "
As for the self-financing companies, the source confirmed that "the ministry has developed the treatments and the audit of the freezing of accounts and balances of self-financing companies and submitted its report on this matter to the Economic Committee in the Council of Ministers for approval."
Ministry of Finance reveals the date of payment of all debts of contractors
{International: Euphrates News} The Ministry of Finance revealed the date of the settlement of the debts of contractors to the government this year, through the provision of funds allocated for it.
An official source in the ministry said in a press statement that "Prime Minister Haider Abadi directed the need to resolve the file of debts of contractors with the government, during the current year, noting that" the Ministry of Finance prepared a plan to achieve this file in coordination with the ministries and related parties after the allocation of sufficient amounts "He said.
He added that "the ministry has succeeded during the past period to hand over contractors 30 percent of outstanding debt, while currently being delivered 40 percent of them is expected to see the fourth quarter of this year delivery of the remaining 30 percent of that debt," noting that "the ministry allocated what Nearly trillion and 625 billion dinars to complete this file. "
As for the self-financing companies, the source confirmed that "the ministry has developed the treatments and the audit of the freezing of accounts and balances of self-financing companies and submitted its report on this matter to the Economic Committee in the Council of Ministers for approval."
He added that "the ministry has succeeded during the past period to hand over contractors 30 percent of outstanding debt, while currently being delivered 40 percent of them is expected to see the fourth quarter of this year delivery of the remaining 30 percent of that debt," noting that "the ministry allocated what Nearly trillion and 625 billion dinars to complete this file. "
As for the self-financing companies, the source confirmed that "the ministry has developed the treatments and the audit of the freezing of accounts and balances of self-financing companies and submitted its report on this matter to the Economic Committee in the Council of Ministers for approval."
Iraqi Forces Arbitrarily Prevent Anbar IDPs from Returning Home: HRW
ERBIL — The Human Rights Watch (HRW) has warned of Iraqi army checkpoints at the entrance gates of the western province of Anbar who arbitrarily prevent IDP families from returning home after the liberation of their towns from the Islamic State (IS).
“The families were taken to camps for displaced people in Anbar after being blocked from returning in late February 2018 and again in early June,” the HRW report said, noting that the families are from the Sa’ada tribe, whose members have been accused of affiliating with.
“Baghdad authorities have rightly said many times that families from areas retaken from ISIS should be able to return to their homes if they want to,” said Lama Fakih, deputy Middle East director at the HRW.
“It is unacceptable for soldiers to arbitrarily block residents from going home, in direct contradiction to the central government’s orders to facilitate safe and voluntary returns.”
Iraq Kurdish Oilfield Output to Hit 55,000 bpd
Monday, June 25, 2018
Gulf Keystone Petroleum and partner Hungary's MOL have agreed to boost production from its Shaikan heavy oilfield in the Kurdistan region of northern Iraq, after reaching an investment plan with the semi-autonomous Kurdistan Regional Government.
Gross production capacity at Shaikan will be raised to 55,000 barrels per day over the next 12-18 months, up from around 35,298 bpd last year, with capital expenditure this year of $91 million on the field, Gulf Keystone said on Friday, Platts reported
It said the remainder of the $175-215 million required spending to achieve the 55,000 b/d production capacity is expected to be part of the 2019 investment plan.
The program at Shaikan includes workovers, a new well, facility improvements and plant debottlenecking.
Gulf Keystone operates the Shaikan license with a 75% working interest. Its partners are Hungary's MOL with 20% and Texas Keystone with 5%. The field has a current nameplate capacity of 40,000 bpd, and Gulf Keystone has previously described Shaikan's full potential production at around 100,000 bpd.
Shaikan has been contributing to the Kurdistan Regional Government's crude oil exports since November. Most of the field's crude is trucked to Fishkhabour on the Turkish border, where it is fed into KRG's export pipeline, while the remainder is sold domestically.
Gulf Keystone is currently building a short spur pipeline from its production facility-2 to the Atrush export line, which links to the main export oil line to Turkey. This will reduce trucking requirements and raise netbacks.
25/06/2018
BAGHDAD (Reuters) - Iraqi army soldiers arbitrarily prevented a group of displaced families at two checkpoints in Anbar province from returning home, Human Rights Watch said on Sunday, saying it was "collective punishment" .
"The authorities in Baghdad have repeatedly stated that families from areas that have been recovered from state organization must be able to return to their homes if they so wish, which is right," said Lama Fakih, deputy Middle East director at Human Rights Watch. It is unacceptable that soldiers arbitrarily prevent residents from returning to their homes, in direct contradiction to the orders of the central government to facilitate safe and voluntary return. "
The organization, on May 2, 2018, interviewed three residents of the "Khaldiya Central Camp" for IDPs originally from the town of Baghdadi, who fled in August 2014 after anti-state forces began fighting fighters The last in the town, with air strikes and ground-fired munitions, and the Iraqi security forces recovered the town in February 2015.
Two women and a man confirmed to the organization that they had provided camp managers with a security permit to return home in early 2018 as part of a group of 51 Baghdadi families living in two camps in Khalidiya
A 43-year-old woman showed that buses they were carrying arrived at the checkpoint, where soldiers from the 7th Army Division stopped them and checked their identity cards. "After being held there for an hour and a half, they said that we were not allowed to return to our homes and we had to go back to the camp. They did not tell us the reasons for the ban. "
"Although the families have a permit, the commanding forces of the al-Jazeera operation, which controls the checkpoint, chose not to recognize it," he said.
A second woman, 29, commented: "If the government prevents me from returning to my home, it means I am no longer an Iraqi. If I were an Iraqi, I would have a right to my house."
According to the testimonies obtained by the organization in early June, another group of 9 families from Baghdadi with the necessary security permits, government buses once again boarded al-Baghdadi. This time she was allowed to pass through the checkpoint, but they stopped at a checkpoint run by the Ninth Army Division in Baghdad and took her to another IDP camp in Anbar.
On June 12, Haidar al-Ukaili, a representative of the prime minister's advisory committee, asked why Baghdad's families were prevented from returning to their homes and what measures were being taken to allow their return.
Al-Ukaili replied in an e-mail that a group of 18 families had been returned on 27 April "for lack of security clearance", but on June 3, 11 families were allowed to return to al-Baghdadi.
He explained that there were more than 11 families who were said to have been allowed to return, and that other families had been prevented from returning "for lack of security permits" or, according to the letter, "because the authorities fear reprisals against them because some of their relatives belong to a terrorist organization ... At the moment it is advised to wait for their return at the present time until the settlement of the subject Achariah ».
According to the organization, the families of al-Baghdadi are collectively punished because some of their relatives were elements of the state's organization.
Human Rights Watch called on the Iraqi authorities to "facilitate the immediate return of families who want to return to areas not affected by ongoing military operations, including return from the camps. It should also allow families to choose to stay in camps without restricting their movement inside and outside the camp and not restricting their contacts, or allowing them to move elsewhere. "
"The new committees for the return of displaced people in Anbar, which was set up in April, as well as committees in other governorates, facilitate the return of consultation and support the families of Baghdadi to local authorities and authorities in Baghdad to facilitate their return, In Baghdad to take "transparent steps to punish all officials, including the Iraqi military and security forces, that prevent people from returning to their homes illegally or as a form of collective punishment, including consideration of criminal charges where appropriate." d
"The authorities in Baghdad have repeatedly stated that families from areas that have been recovered from state organization must be able to return to their homes if they so wish, which is right," said Lama Fakih, deputy Middle East director at Human Rights Watch. It is unacceptable that soldiers arbitrarily prevent residents from returning to their homes, in direct contradiction to the orders of the central government to facilitate safe and voluntary return. "
The organization, on May 2, 2018, interviewed three residents of the "Khaldiya Central Camp" for IDPs originally from the town of Baghdadi, who fled in August 2014 after anti-state forces began fighting fighters The last in the town, with air strikes and ground-fired munitions, and the Iraqi security forces recovered the town in February 2015.
Two women and a man confirmed to the organization that they had provided camp managers with a security permit to return home in early 2018 as part of a group of 51 Baghdadi families living in two camps in Khalidiya
A 43-year-old woman showed that buses they were carrying arrived at the checkpoint, where soldiers from the 7th Army Division stopped them and checked their identity cards. "After being held there for an hour and a half, they said that we were not allowed to return to our homes and we had to go back to the camp. They did not tell us the reasons for the ban. "
"Although the families have a permit, the commanding forces of the al-Jazeera operation, which controls the checkpoint, chose not to recognize it," he said.
A second woman, 29, commented: "If the government prevents me from returning to my home, it means I am no longer an Iraqi. If I were an Iraqi, I would have a right to my house."
According to the testimonies obtained by the organization in early June, another group of 9 families from Baghdadi with the necessary security permits, government buses once again boarded al-Baghdadi. This time she was allowed to pass through the checkpoint, but they stopped at a checkpoint run by the Ninth Army Division in Baghdad and took her to another IDP camp in Anbar.
On June 12, Haidar al-Ukaili, a representative of the prime minister's advisory committee, asked why Baghdad's families were prevented from returning to their homes and what measures were being taken to allow their return.
Al-Ukaili replied in an e-mail that a group of 18 families had been returned on 27 April "for lack of security clearance", but on June 3, 11 families were allowed to return to al-Baghdadi.
He explained that there were more than 11 families who were said to have been allowed to return, and that other families had been prevented from returning "for lack of security permits" or, according to the letter, "because the authorities fear reprisals against them because some of their relatives belong to a terrorist organization ... At the moment it is advised to wait for their return at the present time until the settlement of the subject Achariah ».
According to the organization, the families of al-Baghdadi are collectively punished because some of their relatives were elements of the state's organization.
Human Rights Watch called on the Iraqi authorities to "facilitate the immediate return of families who want to return to areas not affected by ongoing military operations, including return from the camps. It should also allow families to choose to stay in camps without restricting their movement inside and outside the camp and not restricting their contacts, or allowing them to move elsewhere. "
"The new committees for the return of displaced people in Anbar, which was set up in April, as well as committees in other governorates, facilitate the return of consultation and support the families of Baghdadi to local authorities and authorities in Baghdad to facilitate their return, In Baghdad to take "transparent steps to punish all officials, including the Iraqi military and security forces, that prevent people from returning to their homes illegally or as a form of collective punishment, including consideration of criminal charges where appropriate." d
KRG to provide 12-hour electricity in summer amid demands
Iraq, June 25, 2018
The Kurdish Ministry of Electricity said on Sunday (June 24) it would only be able to provide 12 hours of electricity to the people due to demands on the power.
The Kurdistan Regional Government (KRG) Ministry of Electricity said despite limited financial sources, high temperatures, and high demands, it had provided 15 hours of electricity during the holy month of Ramadan.
“We could provide [24-hour] electricity to citizens along with generators,” the statement read.
The ministry of electricity called on the people to reduce the use of electricity during summer in an attempt to receive further hours of electricity.
An electricity shortage occurs during the hot and cold seasons in the Kurdistan Region every year. Lack of electricity is one of the problems faced by the Region and its people.
Despite promises from KRG officials, the long-running electricity issue has not yet been solved.
Kauaihn Iraq Articles:dddd
Iraq calls for the Baghdad International Fair after a break of 5 years
25 June 2018 11:54 pm
Mubasher: The General Company for Exhibitions and Commercial Services of Iraq invited France to participate in the 45th session of the Baghdad International Fair on 10 November.
The Director General of the General Company for Exhibitions, in a statement by the Iraqi Ministry of Commerce, on Monday, the need for the return of the French wing to participate in the Baghdad International Fair after a break of five years.
Hashim Hatem pointed out that the French companies, during their participation in the previous sessions of the exhibition, were seeking to find common ground to introduce their products and capabilities and to benefit from them in the field of investment.
The Baghdad International Fair is witnessing the arrival of a number of ambassadors, businessmen and corporate managers in preparation for the 45th session of the exhibition, which will start on 10 November and last for 10 days.
It is noteworthy that the General Company for Exhibitions opened on Sunday the door of electronic stone to participate in the 45th session of the Baghdad International Fair.
The activities of the 44th session of the Baghdad International Fair began on 21 October last year , with the participation of more than 600 companies belonging to 18 Arab and foreign countries.
France gave Iraq a loan of 430 million euros in August last year , against the backdrop of the impact of the Iraqi economy on the war on the organization of "Daash" and low oil prices.
In mid-February this year, the French Foreign Minister affirmed that his country would meet all its obligations towards Iraq , as well as providing easy and exceptional loans to it and contributing to supporting infrastructure, particularly in the fields of energy and water.
A bilateral meeting between a US delegation and the Peshmerga in coordination with Iraqi forces leads to an agreement
25/06/2018
An officer in the security forces 'Asayish' on Monday that a bilateral meeting held between a US military delegation, and the leadership of the axis 'Qratab' south of the province of Kirkuk.
The source said that a US military delegation met Sunday with the security forces Asayish and the leader of the 'Kartpa' axis of the Peshmerga forces, Major General Mardan Jawsin in the city of Kfri. Adding that the meeting was in coordination with the Iraqi forces, and led to agreement on the deployment of the Peshmerga and Asayish forces in the mountain range 'Hangira' the outskirts of the district of Tuz Khormato.
The source said that the tripartite agreement comes within the framework of confronting the cells of Daash, which has been active in the south of the vast Kirkuk and related to the provinces of Diyala and Salahuddin.
Witnesses said that Iraqi forces and the popular crowd fighters in the mountain range of 'Hajira' have already begun to evacuate their positions and withdraw.
Erbil agreement with Baghdad to send gasoline to Kurdistan comes into force
25-06-2018 12:17 PM
The Euphrates -
The agreement entered the Kurdistan government with the Federal Oil Ministry to send the substance 'gasoline' to the territory to take effect on Monday.
At the dawn of the day, two million liters of benzene have arrived in Duhok province, which will be distributed to four main fuel depots in the province.
The head of the provincial council of Erbil, Ali Rashid in early September, the approval of the Federal Oil Ministry to send 5 million liters of gasoline 'to the territory of Kurdistan every day.d
BIS Urges Addressing Vulnerabilities to Keep Growth Momentum on Track
Monday, June 25, 2018
Policymakers can maintain the current economic upswing beyond the short term by tackling structural reforms, rebuilding monetary and fiscal policy space to react to future threats and encouraging prompt implementation of regulatory reforms, the Bank for International Settlements writes in its Annual Economic Report.
In its flagship economic report, the BIS describes how the global economy is coming off a vintage year for growth with low inflation—unusual so late in the expansion. The gains are in no small measure the fruit of a decade of extraordinary monetary policies, but these have also contributed to vulnerabilities. Although the path to sustainable growth underpinned by price and financial stability is quite narrow, the right policy mix can help fend off material risks to the outlook, BIS.org reported.
“We must seize the day,” says BIS General Manager Agustin Carstens. “Addressing vulnerabilities is key to keeping the growth momentum on track. The stronger performance gives us a window to pursue necessary reforms and recalibrate policies. Let’s not miss this opportunity.”
An escalation of protectionist measures or a sudden jump in historically low bond yields in core sovereign markets could trigger a fresh downturn. Political upheavals or disappointing profits could dent investors’ appetite for risk, shaking overstretched financial markets, says the report, launched on Sunday under a new title.
These risks come against a backdrop of rising private and public debt globally and tighter links between financial and business cycles, which can amplify expansions and contractions. The latter are characterized by high debt service burdens, deleveraging and falling asset prices.
Although the specific policy mix will vary across jurisdictions, rebuilding room for policy maneuver requires taking a longer-term view of the challenges ahead. Consolidating public finances is a priority. It is essential to continue normalizing monetary policy with a steady hand while being mindful of risks. It is important to deploy macroprudential measures where financial vulnerabilities are building up. Making labor and product markets more flexible and implementing post-crisis financial regulatory reforms are also key to securing long-term growth.
The report assesses the state of the financial industry. Most banks have strengthened their balance sheets and adjusted to the newly finalized Basel III requirements. Yet improvements are not uniform and some countries’ banks are not fully healed, calling for further action. The report also highlights the greater share of credit now channeled through non-banks, such as asset managers. This can make market reactions harder to anticipate.
CBI, Capital Market Agree to Control Gold Coin Bull Run
Iran Monday, June 25, 2018
As gold coin prices are skyrocketing, the Central Bank of Iran has reached an agreement with the capital market on implementing the latest scheme aimed at controlling the bull run.
Representatives with the monetary regulator signed the agreement during a meeting on Sunday with counterparts at the Iran Mercantile Exchange and Bank Melli Iran Brokerage Company, the CBI’s website reported
The main focus of the agreement, signed by Vice Governor Akbar Komijani, deputy for economic affairs, Peyman Qorbani, and Secretary-General Mahmoud Ahmadi on behalf of CBI, is to work out the details of the recently-announced scheme to issue bond certificates for the pre-purchase of gold coins in the capital market
TURKEY: Erdogan announces victory in presidential election
2018/6/24 23:56
(International: Euphrates News) Turkish President Recep Tayyip Erdogan announced his victory in the presidential election.
(International: Euphrates News) Turkish President Recep Tayyip Erdogan announced his victory in the presidential election.
"The public has chosen me as president based on the unofficial results," Erdogan said in a televised address, warning the opposition to question the results.
Turkey's state-run Anatolia news agency reported that Erdogan won 53.5 percent when he counted 90 percent of the votes, while his closest rival Muharram Engha won the Republican People's Party candidate 30.3 percent. Kurdish People's Party leader Salahuddin Demirtash ranked third 7.6 percent, while the head of the Party of Good Meral Action IV by 7.5 percent.
On the other hand, the presidential candidate of the opposition Republican People's Party questioned the reports broadcast by the official news agency in the country and accused them of "manipulation".
Inge said only 37 per cent of the ballot boxes had already been counted when the Anatolia news agency reported on Sunday that more than 85 per cent had been counted.
He was the main rival of President Recep Tayyip Erdogan in the elections.
Opposition sources said that the boxes of Ankara, Istanbul and Izmir were not yet fully sorted out, and that the funds of these cities were important and capable of reversing the results.
"The party has different figures from the official Anatolia agency," Janan Kuftan-Joğlu, a Republican Party official in Istanbul, told a news conference.
The party monitors in Istanbul monitored the counting process, which showed that the party's candidate Moharram Angha received 43 percent of votes and Erdogan on 44 percent.
She pointed out that the total figure in all of Turkey within the limits of these figures collected in Istanbul.
The Republican People's Party also accused the state media of launching a psychological war and manipulating the results and calling for the lack of reliability in the figures announced
Turkey's state-run Anatolia news agency reported that Erdogan won 53.5 percent when he counted 90 percent of the votes, while his closest rival Muharram Engha won the Republican People's Party candidate 30.3 percent. Kurdish People's Party leader Salahuddin Demirtash ranked third 7.6 percent, while the head of the Party of Good Meral Action IV by 7.5 percent.
On the other hand, the presidential candidate of the opposition Republican People's Party questioned the reports broadcast by the official news agency in the country and accused them of "manipulation".
Inge said only 37 per cent of the ballot boxes had already been counted when the Anatolia news agency reported on Sunday that more than 85 per cent had been counted.
He was the main rival of President Recep Tayyip Erdogan in the elections.
Opposition sources said that the boxes of Ankara, Istanbul and Izmir were not yet fully sorted out, and that the funds of these cities were important and capable of reversing the results.
"The party has different figures from the official Anatolia agency," Janan Kuftan-Joğlu, a Republican Party official in Istanbul, told a news conference.
The party monitors in Istanbul monitored the counting process, which showed that the party's candidate Moharram Angha received 43 percent of votes and Erdogan on 44 percent.
She pointed out that the total figure in all of Turkey within the limits of these figures collected in Istanbul.
The Republican People's Party also accused the state media of launching a psychological war and manipulating the results and calling for the lack of reliability in the figures announced
Monday June 25, 2018
China must lead the way in reforming global governance, the foreign ministry on Saturday cited President Xi Jinping as saying, as Beijing looks to increase its world influence.
China has sought a greater say in global organizations such as the World Bank, the International Monetary Fund and United Nations, in line with its growing economic and diplomatic clout, Reuters reported.
Since taking office in late 2012, Xi has taken a more muscular approach, setting up China’s own global bodies like the Asian Infrastructure Investment Bank and launching his landmark Belt and Road project to build a new Silk Road.
Beijing has cast itself a responsible member of the international community, especially as President Donald Trump withdraws the United States from agreements on climate change and Iran, and as Europe wrestles with Brexit and other issues.
Proactive Participation
China must “uphold the protection of the country’s sovereignty, security and development interests, proactively participate in and show the way in reform of the global governance system, creating an even better web of global partnership relationships,” Xi said in comments reported at the end of a two-day high-level Communist Party meeting.
This would help create conditions for building a modern, strong country, the ministry cited him as saying at the meeting attended by officials from the foreign and commerce ministries, the military, the propaganda department and the Chinese embassy in the United States. While Xi did not provide details, the statement cited him as mentioning the importance of the Belt and Road, and other key diplomatic platforms like his “community of common destiny,” a lofty concept meant to guide China’s relations with the world.
This proposes a “new style” of international relations is proposed that is “win-win” and of “mutual benefit” for all, but many western nations remain critical of China’s behavior over issues such as the contested waters of the South China Sea. Xi added that China must strengthen its relations with developing nations, who he described as natural allies, but also learn from all other nations.
He made no direct mention of issues like the trade dispute between China and the United States, North Korea or self-ruled Taiwan, claimed by Beijing as its own and considered China’s most sensitive territorial and diplomatic issue.
Zimbabwean Hopes Blasted Away
Monday, June 25, 2018
T he blast that wounded several people as President Emmerson Mnangagwa left a campaign rally in the city of Bulawayo may have significantly changed the country’s political landscape ahead of next month’s tight poll race, analysts say.Although Mnangagwa pleaded for unity and peace after he survived the blast, Eldred Masunungure, a political analyst and academic, expressed skepticism about the possibility of a peaceful election next month.
Masunungure told Al Jazeera that although the climate toward the polls seemed more promising of less violence compared to other elections since 2000, the explosion sullied hopes for an election free of tension.“This sours the political environment after it seemed like all parties were taking steps to ensure the election would be free of violence,” he said.
Mnangagwa rose to power last November after a military-led operation ousted his former ally, Robert Mugabe.Under Mugabe’s authoritarian grip, polls over the past two decades have been characterized by violence and heated disputes over results.
Freer Climate in Threat
Although Mnangagwa’s leadership has seen a relatively freer environment in Zimbabwe, Masunungure warned acts targeting the ZANU-PF government could see a closing up of a relatively more liberalized society. If this unfortunate and callous act was an assassination attempt on the president as the state media have called it, then it does not augur well for the future because there are hardliners within ZANU-PF that are going to use incidences like these to call for tighter regulation of the liberal space that people have been enjoying since November,” he said.Mnangagwa’s main challenger for the country’s top job is Nelson Chamisa, leader of the largest opposition coalition, namely Movement for Democratic Change Alliance.
Both are scheduled to hold rallies across Zimbabwe and have individually called for a free, safe and credible election.
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GLOBAL/NEWS/INFO
Morning news briefing from CNN
CNN
CNN
Morning news briefing from CNN on Sunday, June 24. Read the full story
Today in History
Chron.com
Today is Monday, June 25, the 176th day of 2018. There are 189 days left in the year. Today’s highlight in history: On June 25, 1868, Congress passed an Omnibus Act allowing for the readmission of Florida, Alabama, Louisiana, Georgia, North Carolina and South Carolina to the Union. Read the full story
Mother-of-two shares her best budgeting tips for keeping costs down
Daily Mail
When they first met, Australian mother-of-two Kristin Jordan had to train her husband Ben to budget and save. She's shared some of her foolproof tips on living luxe for less with FEMAIL. Read the full story
15 mostly money challenges small business owners should worry about
USA TODAY
It all comes down to you. Handling cash and making sure the bills get paid is a challenge in many cases. Read the full story
When Is It 'Worth It' to Work With a Financial Advisor?
TheStreet
Choosing a financial advisor is tricky. Here is how you can successfully select one and feel confident about it. Not everyone needs a financial advisor. As a financial advisor and certified financial planner, I know I can't help every prospective client who comes through the door. Sadly, the financial advice industry has become so confusing for investors to navigate, that many investors now need a college-level course on the subject just to figure out whether they should even consider working Read the full story
OIL/COMMODITIES/ENERGY
Gold / Silver / Copper Prices - Weekly Outlook: June 25 - 29
Investing.com
Investing.com
© Reuters. Gold likely to remain vulernable to rising rates, dollar strength Read the full story
Gold Prices Set for Second Weekly Slump Despite Dollar's Dash Lower
Investing.com
Commodities Jun 22, 2018 17:48 GMT Investing.com – Gold prices remained close to their lowest level this year as a weaker dollar failed to stoke appetite for the yellow metal. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $0.50 or 0.04%, to $1,270.10 a troy ounce. Gold prices had hit a 2018 low of $1,260.00 on Thursday before clawing back losses. A sluggish dollar drew a muted reaction in gold prices – which remained on course for a Read the full story
Gold Remains Flat as Dollar Falls
Investing.com
Investing.com
Gold inched higher on Friday. Read the full story
A top economy watcher says a spike in oil and copper prices is hiding what could be a slowdown
The U.S. economy is bounding along but economic forecaster Lakshman Achuthan sees evidence of a global slowdown in an unlikely place: demand for cow hides.
Oil Prices Surge as OPEC Agrees to Modest Increase in Production
Investing.com
Investing.com
© Reuters. Oil extends weekly gains as OPEC compromises on output increase Read the full story
Crude Oil Prices Settle Nearly 5% Higher as Traders Cheer Modest Output Hike
Investing.com
Commodities Jun 22, 2018 18:40 GMT Investing.com – WTI crude oil prices settled nearly 5% higher Friday as OPEC’s crude output hike was more modest than some producers had hoped, easing investor fears that a wave of crude supply would hold back oil prices. On the New York Mercantile Exchange crude futures for August delivery rose 4.6% to settle at $68.58 a barrel, while on London’s Intercontinental Exchange, Brent climbed 3.4% to trade at $75.55 a barrel. OPEC agreed Friday to ease crude output Read the full story
Crude Oil Prices - Weekly Outlook: June 25 - 29
© Reuters. Oil ends week higher as traders cheer modest output hike Read the full story
Russia oil minster: A crude output deal for 2019 is already being planned
Global oil producers are already considering an oil output deal for 2019.
BANKS/BANKING/CREDIT
Are Trump’s Asian bankers about to call in their loans?
South China Morning Post
South China Morning Post
Sunday, 24 June 2018, 5:00:PM As Donald Trump throws grenades at the global trading system, investors are caught in the crossfire of tit-for-tat retaliatory steps. China is hitting back. So are Canada, the European Union and even India. But recent moves by Russia may be most ominous of all. Granted, Moscow is not officially linking its decision to halve its holdings of US treasuries – from US$109 billion in May 2017 to about US$48 billion now – with US tariffs. The selling accelerated in recent Read the full story
China’s central bank frees up US$100 billion in funding as trade war looms
South China Morning Post
PBOC cuts share of deposits banks must set aside to boost support for small businesses and ailing state firms Read the full story
Goldman Complains After Squeaking Past Fed's Bank Stress Test
TheStreet
Goldman Sachs, the legendary Wall Street firm, scored the lowest among the biggest U.S. banks on an annual "stress test" conducted by the Federal Reserve. But, according to Goldman, an internal analysis produced a higher grade. Goldman Sachs Group Inc. (GS) is acting like the student who got a C but claims it was an A. The U.S. Federal Reserve on Thursday released its annual "stress tests" of the largest banks, an examination of how well they could withstand a severe recession in which Read the full story
CBE issues EGP 15.75bn T-bills Sunday
Mubasher
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 15.75 billion on Sunday on behalf of the Ministry of Finance (MOF). The first tranche of T-bills will be offered through 91-day notes at EGP 7.75 … 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
Top 5 Things That Moved Markets This Past Week
Investing.com
Investing.com
© Reuters. What will next week bring? Read the full story
The original flash crash shows liquidity fears are nothing new
Business Insider
Investors are increasingly worried about liquidity mismatches. But concerns about ETF liquidity are nothing new. ETF's make up a small part of the US equity market - about 6%. In his latest memo, Oaktree Capital's Howard Marks opined about ETFs and their liquidity profile: If you withdraw from a mutual fund, you'll get the price at which the underlying stocks or bonds closed that day, the net asset value or NAV. But the price you get when you sell an ETF - like any security on an exchange - will Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin falls below $6,000. But crypto trader says it's 'not dead'
CNBC
CNBC
Bitcoin falls below the $6,000 mark. But crypto trader Brian Kelly says the large cap crypto is "not dead." Read the full story
Cryptocurrency: No Stay On The RBI Circular, Says The Supreme Court
Inc42 Media
As cryptocurrency firms, enthusiasts, and organisations like the IAMAI moved various courts against the RBI circular dated April 6, the Supreme Court (SC) of India, upon hearing a related case, has directed to club all the petitions pending across various courts in this regard. The Supreme Court has also refused to put any stay on the... Read the full story
Cryptocurrencies and blockchain are not the road to riches for all
South China Morning Post
Andrew Sheng says this much-hyped technology has so far failed to earn the trust that enables financial transactions in the real world, especially when the total security it promises has already been compromised by hacks and fraud Read the full story
Ripple's Xpring Managing Director speaks about the Internet of Value
AMB Crypto
In a talk with Clem Chambers, Dan Aranda, the Managing Director of Ripple’s Xpring, spoke about Ripple’s place in the Internet of Value. He believes that the protocols of the Internet of Value will be a part of the services that we use on a daily basis. He said that the Internet will be a... Read the full story
Bitcoin Is Struggling Because Bitcoin Has Lost Its Way
Forbes Magazine
Bitcoin is failing to deliver on its potential and that is a drag on prices. Maybe Bitcoin can regain its Mojo, but until it demonstrates that it can deliver on what buyers hoped it could, we will see weakness as more potential users look elsewhere. Read the full story
CURRENCIES
Forex - Weekly Outlook: June 25 - 29
Investing.com
Investing.com
Forex Jun 24, 2018 09:04 GMT Investing.com - U.S. inflation data will be in focus this week with the Federal Reserve having already flagged four interest rate hikes this year. The Fed’s preferred inflation measure; the core PCE price index is due on Friday. The third reading on first quarter U.S. GDP is due the day before and there will also be data on durable goods orders and consumer sentiment. The euro zone is to release a preliminary inflation estimate on Friday, while EU leaders are to hold Read the full story
Euro is here to stay: German finance minister
German Finance Minister Olaf Scholz said "the euro is irreversible."
Currency war can end global US dollar dominance & those who own gold have power
RT
The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending. Read Full Article at RT.com Read the full story
INSURANCE / HEALTH
How to Relieve Knee Pain
Consumer Reports
Consumer Reports
The best ways to reduce discomfort—and what you can probably skip Read the full story
US 'not ready' for increasing level of deadly bug diseases
CNN
Experts warn that programs to fight deadly diseases carried by ticks and mosquitoes aren't equipped to do proper surveillance or prevention. Read the full story
Opinion | When cancer is in the 'whisper' stage, listen to it — even it means finding another doctor
NBC News
It took me two years and eight doctors until I got the diagnosis that saved my life. Read the full story
Cell-sized 'microlasers' could regulate brain activity
Engadget
Scientists have spent years creating ever-smaller lasers. Berkeley Lab's ... Read the full story
6 Things You Can Do Today to Lose Weight For Good
POPSUGAR
To lose weight, you're going to have to be diligent with the work you're putting in. That means following a workout routine that's right for you, eating healthy foods, and being consistent. To help you accomplish your weight-loss goals, we've rounded up very simple yet effective tips to help you dro ... Read the full story
4 Cups a Day: 4 Surprising Health Benefits of Drinking That Much Coffee
Inverse
Coffee doesn’t have the best reputation as a healthy beverage, despite several studies that suggest the contrary. The caffeinated drink is more than just a mood-stabilizer and morning savior. Among its many health benefits, researchers have linked it a lowered risk of Alzheimer’s disease and suggest it’s a worthy defender against cirrhosis of the liver. Read the full story
USA/CANADA
Five things to know about efforts to repeal Obama's water rule
The Hill
The Hill
The Trump administration is working to repeal former President Obama’s Clean Water Rule. Read the full story
America's closest allies are furious about Trump's tariffs, and now an unorthodox idea to go after him is gaining steam
Business Insider
Donald Trump. Top US allies like Canada and France are irked by President Donald Trump's tariffs. Some are suggesting they retaliate by targeting Trump's businesses. Experts say this would be difficult but not impossible to pull off. President Donald Trump's headlong push toward a trade war is prompting unprecedented responses from countries around the world and blowback from top US allies. In the past three months, Trump has hit countries around the world with a 25% tariff on steel and a 10% Read the full story
Trump on Israel embassy move: ‘Evangelicals appreciate it more than the Jews’
The Hill
President Trump said in a new interview that evangelical Christians have been more appreciative than Jewish people of his decision to move the U.S. Embassy in Israel to Jerusalem. Read the full story
There's a beach separating the US and Mexico where families meet on either side of towering border walls — see what it looks like
Business Insider
Mexicans stand on the beach while looking through the US-Mexico border fence into the US from Tijuana, Mexico on May 1, 2016. The Trump administration took another step this spring toward its campaign promise to keep undocumented immigrants out of the US. In early May, Attorney General Jeff Sessions said Department of Homeland Security officials would begin a new "zero-tolerance" immigration policy: Everyone who attempts to cross the border - even those seeking asylum - are now being prosecuted. Read the full story
Canadian Annual Inflation 2.2% in May
Investing.com
© Reuters. Canada CPI advances 2.2%, missing forecasts for annual inflation of 2.5% Read the full story
EMERGING MARKETS
Why China can’t count on Brazil to fill the soybean gap in its trade battle with the US
South China Morning Post
South China Morning Post
Gustavo Oliveira writes that timing, huge demand and structural bottlenecks diminish Brazil’s reliability as a backup soybean supplier to China Read the full story
Your Morning Cup of Coffee Is in Danger. Can the Industry Adapt in Time?
TIME
An industry unites to fight for endangered farms Read the full story
Emerging debt: Why a strong dollar troubles developing countries
Aljazeera
The prospect of a trade war slowing down the world's economy means investors have been reassessing where to put their money. In recent weeks, developing market currencies like the Turkish lira and Argentina's peso have fallen to their weakest levels in months against the US dollar. For the time being, the US Federal Reserve is the only major central bank raising interest rates, and that's lending support to the dollar. At a central bank conference in Portugal this week, the US Federal Reserve Read the full story
Facebook launches Messenger Kids in Peru and Canada
CNET
The chat app, which has drawn criticism from child advocacy groups, is going international. Read the full story
Silver cups from ancient Peruvian civilization change Chachapoya history
Ancient Origins
Two decorated silver cups found in the Chachapoyas region of Peru may rewrite the history of the enigmatic ancient people, who had never been known to do metalworking before this discovery. Though the “people of the clouds,” as the name Chachapoya means, had cities, a form of Inca writing, and long-distance trade, they were not known as metalsmiths. It is still possible, however, that the two cups were from the Inca people, with whom the Chachapoya had warred. The silver vessels were excavated Read the full story
Venezuela On the Edge: UN calls for investigation into rights abuses
TRT World
Venezuela On the Edge: UN calls for investigation into rights abuses Read the full story
The emerging markets feel-good story of the decade has imploded
Yahoo Finance
Hailed as the feel-good, turnaround story of our lifetimes by investors just two years ago, Argentina is now facing waning investor sentiment and a possible recession. Read the full story
MIDDLE EAST
In about-face, Iraq's maverick al-Sadr moves closer to Iran
ABC News
ABC News
Iraq's mercurial Shiite cleric Muqtada al-Sadr's move to join forces with an Iran-backed coalition of powerful Shiite militias boosts Tehran's interests in Iraq and gives it more leverage over the formation of the next government Read the full story
Iraqi PM Abadi and cleric Sadr announce political alliance
TRT World
TRT World
Iraqi PM Abadi and cleric Sadr announce political alliance Read the full story
Kushner says Mideast peace plan "almost done"
CBS News
Kushner said the plan is "almost done," but offered scant details aside from the promise of economic prosperity Read the full story
Saudi women gear up for new freedom as driving ban ends
TRT World
Saudi women gear up for new freedom as driving ban ends Read the full story
What Does The OPEC/NOPEC Agreement Mean For The Longer Term?
Forbes Magazine
The latest oil producers' gathering was a qualified success, likely to cap prices for now. Longer term, there are signs the group may have more trouble. Read the full story
AFRICA
East Africa: Kenya to Remain Top Fuel Distributor With New PipelineAllAfrica
The new Mombasa-Nairobi pipeline (line 5) is now complete and ready for commissioning in July this year,giving Kenya a competitive advantage over its peers as the top fuel distributor in the region. Speaking during a tour of the project, Public Investment Committee Chairman Abdulswamad Shariff Nasir said the committee is satisfied with the project and looking forward to its commissioning. "I want to announce to the country that in 10 days' time, product from Line 5 will be in Nairobi. This is a Read the full story
Nigeria: South Africa Plans to Ease Visa Burden
AllAfrica
(Photo: NAN) The South African Minister of Tourism, Derek Andre Hanekom, has assured that much is being done with procedures already in place for a seamless visa process for West African nations. Hanekom, who was in Nigeria recently for the 61st Regional Tourism Conference of the United Nations World Tourism Organisation (UNWTO) in Abuja, also requested the Consular General Amb, Darkey Africa to immediately work on reviewing the visa processes and also specifically address the issues around visa Read the full story
Nigeria: Over 5.5% Suffering From Diabetes - Researchers
AllAfrica
Researchers have raised alarm over the increasing rate of diabetes among Nigerians, saying over 5.5 per cent of the country's population was suffering from the ailment. Speaking at a three-day Diabetes Awareness Workshop with the theme, "Bringing Research In Diabetes To Global Environment and Systems (BRIDGES)" held at Novena University, Ogume, Delta State, resource persons from different universities advised Nigerians to engage more in physical exercise and check what they eat to curb the Read the full story
Kenya: Govt Shelves Plan to Import High Capacity Buses From South Africa
AllAfrica
Kenya has reversed its decision to import 30 high capacity buses from South Africa at a cost of Ksh500 million ($5 million). Transport secretary James Macharia on Wednesday said preference will now be given to local fabricators of passenger vehicle bodies to supply buses for the Bus Rapid Transit (BRT) services. The buses are to be deployed on the already-marked Thika Super Highway and other major roads within the capital Nairobi. The first batch of the 30 BRT vehicles, which had already been Read the full story
Zimbabwe President Mnangagwa says he was 'inches' from Bulawayo explosion
BBC News US
President Mnangagwa says he was close to the blast at a rally in Bulawayo but was unhurt. Read the full story
Explosions hit rallies for leaders of Ethiopia, Zimbabwe
CBC News
An explosion struck a huge rally for Ethiopia's new reformist prime minister on Saturday, killing one person and injuring dozens. Meanwhile, an explosion rocked a stadium where Zimbabwe's president was addressing a campaign rally, injuring several people. Read the full story
Zimbabwe President Survives Assassination Attempt as Vote Looms
Zimbabwean President Emmerson Mnangagwa escaped unscathed after an explosion at an election rally injured both his deputies, with the blast coming within hours of a separate grenade attack on Ethiopia’s prime minister.
ASIA
China Girds For a Trade War
Forbes Magazine
Forbes Magazine
China said it was cutting its reserve requirements for Chinese domestic banks, which will free up around $100 billion for loans Read the full story
How China Can Fight Back Against Trump Trade Tariffs
Investing.com
Investing.com
Economy Jun 22, 2018 11:37 GMT Investing.com - China has said it will use “quantitative and qualitative” measures to hit back at U.S. President Donald Trump’s threats to impose tariffs on as much as $250 billion worth of Chinese imports. China only imports $190 billion of goods and services from the U.S. so Beijing will not be able to find a reciprocal $250 billion worth of U.S. imports to impose tariffs. But Beijing has other ways to fight back. So far it is hard to gauge what the Read the full story
US ‘indefinitely’ suspends military exercises on the Korean peninsula
South China Morning Post
At the same time, Trump issues executive order extending ‘national emergency’ and reauthorising economic restrictions against Pyongyang Read the full story
Small planes mean big business in Finnair’s plans for China
South China Morning Post
Smaller, long-range aircraft can reach more destinations across the mainland and the rest of Asia, says carrier’s outgoing CEO Read the full story
EUROPE
There’s no panic yet: but Trump’s trade war could get out of hand
the guardian
the guardian
The president’s tough tweets about EU car imports on Friday create another unstable element in a widening confrontation It’s a skirmish, no more than that. The trade tariffs going up around the world might be adding millions to the cost of importing goods, but it’s not a war and it won’t mean the end of global growth. Or at least that seems to be the general view. The International Monetary Fund (IMF), the Organisation for Economic Cooperation and Development (OECD), and the majority of Read the full story
British trucks would be blocked from entering Europe under no-deal Brexit, industry leader warns
Business Insider
Drivers wait next to their parked lorries on the M20 motorway, which leads from London to the Channel Tunnel terminal at Ashford and the Ferry Terminal at Dover, as part of Operation Stack in southern England, Britain July 31, 2015. A no-deal Brexit would ground British lorries trying to enter Europe to a halt the day after Brexit, said freight chief James Hookham. He told Business Insider that the chances are rising of a no-deal scenario which would "crucify'"small British firms with tariffs. Read the full story
Two years after Brexit, the United Kingdom faces deep economic uncertainty
Axios
The Airbus A350 flies at the China International Aviation & Aerospace Exhibition. With a little more than nine months to go until the United Kingdom leaves the European Union, the country is bracing for a workforce shortage that could cause companies to divest and head elsewhere. Why it matters: It’s been two years since the Brexit vote, and Prime Minister Theresa May and the country's Conservative government are still attempting to weave legislation through the House of Commons to set the terms Read the full story
Russia oil minister: Crude production deal came before 'certain tweets' from Trump pressured cartel
CNBC
Russia’s push to increase oil production came independently of tweets by President Donald Trump, the country’s oil minister said Saturday during the OPEC summit in Vienna. Read the full story
EU to respond to any U.S. auto tariff move: report
Reuters
The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. Read the full story
'At least 100,000' attend march calling for vote on final Brexit deal
Sky News
More than 100,000 pro-EU supporters attended a march in London calling for a vote on the final Brexit deal, according to organisers. Read the full story
d
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Monday 6/25/18 did update on the indicative rates Sell Rate 1190
The currency auction total sales 108,065,000
There is one news and announcements for Monday 6/25/18
1. For instructions and procedures issued by the Central Bank of Iraq to regulate banking activity in Iraq
Instructions and procedures issued by the Central Bank of Iraq to regulate banking activity in.Instructions and procedures issued by the Central Bank of Iraq to regulate the banking activity in Iraq, including (licensing a foreign bank to establish a subsidiary or branch of a bank or opening a representative office of a foreign bank inside Iraq).
Instructions and procedures issued by the Central Bank of Iraq to regulate banking activity in.Instructions and procedures issued by the Central Bank of Iraq to regulate the banking activity in Iraq, including (licensing a foreign bank to establish a subsidiary or branch of a bank or opening a representative office of a foreign bank inside Iraq).
The CBI for Monday 6/25/18 did update on the indicative rates Sell Rate 1190
Value Traded
885,228,953
Shares Traded
1,359,618,783
Kauaihn Chatter:
6-25-2018 Newshound/Intel Guru Randy Koonce First, are we in a new window of opportunity 'right now'. When I say that, it does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change...At the bottom of every update I always state: When it happens, check the cbi.iq to verify!! That is where I check. And if the Conversion rate is different -then it happened! On the website today (cbi.iq) it shows: US Dollar US 1190...Until it changes on that website, no one will be able to go to any bank and exchange your dinar. It has to change there FIRST. ...Here is what I do know... [post 1 of 3...stay tuned]
6-24-2018 Newshound/Intel Guru Mnt Goat Why did the CBI decrease the money supply of dinars already if not to prepare to control the money supply (decrease it). This is a proactive inflationary measure for what is to come. Why did the CBI modernize the banking system to electronic banking and POS if not to limit the money supply and be able to control it for inflation later. Why sell (distribute) the newer category notes (fils, 1,2,5,10,50,100, 200,500) to the banks if they did not intend to use them very soon?This is capital the banks now have tied up. We were told in an article last November that over the period Nov 2016 thru Nov 2017 the CBI has been distributing the newer category notes to the banks. What is this all for if not to significantly raise the value?
6-24-2018 Newshound/Intel Guru BGG Article: "The largest bloc was settled away from Maliki’s coalition .. Sadr will officially announce from Baghdad" Quote: “An agreement was reached on the formation of a cross-sectarian alliance between coalition and victory and victory,” Abadi said during a joint news conference with al-Sadr." This makes it… pretty much a SLAM DUNK. Sadr, Abadi (which I thought would happen all along), Ameri (slight surprise) and Hakim = PLENTY. I predict they will also include all the Sunnis and Kurds who wish to be included. This may well be the most inclusive Iraqi GOI yet. Like I said in the beginning… relax. Let this happen.
6-24-2018 Intel Guru Frank26 At the present program rate there is very little interest for the global markets to buy, sell and trade with the Dinar at a penny stock return. But the key is that IMO, the PCC started a while ago and is in a position to receive a rate change that would cause great interest in the global market, because at the program rate, the CBI cannot measure supply and demand for their currency...Outside of Iraq an RV will evolve because inside of Iraq the RI was successful with the citizens. ...Many tools are now in positions electronically to distribute the LD’s. Notice everything we share is now being targeted to a bullseye – the RI! ...our faces are pressed up against the RI wall, the final phases of the RI roll out! [post 3 of 3]
6-24-2018 Intel Guru Frank26 ...the PCC is landing outside of the borders of Iraq...While the CBI and her BB’s (baby banks – merchant outlets) were in the process of issuing cards inside of Iraq for the citizens to purchase with, they made these cards to purchase with outside of Iraq too. IMO, Iraq is nearing a partial convertibility of their currency. Inside Iraq at 1:1 for the citizens and now outside of Iraq on an International level electronically as well...At low volumes that will be traded on the FOREX ...to test the global markets for the supply and demand need of the IQD. [post 2 of 3....stay tuned]
6-24-2018 Intel Guru Frank26 At the present program rate there is very little interest for the global markets to buy, sell and trade with the Dinar at a penny stock return. But the key is that IMO, the PCC started a while ago and is in a position to receive a rate change that would cause great interest in the global market, because at the program rate, the CBI cannot measure supply and demand for their currency...Outside of Iraq an RV will evolve because inside of Iraq the RI was successful with the citizens. ...Many tools are now in positions electronically to distribute the LD’s. Notice everything we share is now being targeted to a bullseye – the RI! ...our faces are pressed up against the RI wall, the final phases of the RI roll out! [post 3 of 3]
6-24-2018 Intel Guru Frank26 ...the PCC is landing outside of the borders of Iraq...While the CBI and her BB’s (baby banks – merchant outlets) were in the process of issuing cards inside of Iraq for the citizens to purchase with, they made these cards to purchase with outside of Iraq too. IMO, Iraq is nearing a partial convertibility of their currency. Inside Iraq at 1:1 for the citizens and now outside of Iraq on an International level electronically as well...At low volumes that will be traded on the FOREX ...to test the global markets for the supply and demand need of the IQD. [post 2 of 3....stay tuned]
6-24-2018 Intel Guru Frank26 ...During Eid, the CBI went through a campaign of passing out cards. Cash advancements via E Dinars to the citizens...The citizens are being introduced IMO, to purchasing power – PP. During that same process they were introduced to International cards and guided to POS (point of sale) for the introduction of LD’s to come once they lift the restrictions on their currency. MC’s an Visa’s were passed out during Eid. Qi cards were distributed for pay and retirement via E Dinars...All of this was done “inside of Iraq,” ...for the citizens because the RI is about the citizens and all of the citizens...will be introduced to a 1:1 PP... ...Then, there was an article that came out a couple of days ago telling you about the CBI and a “partial convertibility of their currency” soon to come. But where...is the PCC going to land? (PPC – Partial Convertibility Currency) This is your golden spike... [post 1 of 3....stay tuned]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
***************
ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not on English side)
Prime Minister of the Armed Forces Dr. Haidar Al-Abadi heads a meeting of security and military leaders and intelligence services
Prime Minister and Commander-in-Chief of the Armed Forces, Dr. Haider Al-Abadi, held a meeting of security, military and intelligence leaders.
During the meeting, they discussed the security situation in the country and plans to secure roads and intelligence efforts to eliminate terrorist cells.
The commander-in-chief of the armed forces, Dr. Haider al-Abadi, said that there are rapid measures and specific operations to eliminate those terrorist cells that are trying to carry out some terrorist acts outside the cities after our intelligence efforts succeeded in tracking a large number of them and arresting them. He pointed out that the heavy blows directed at terrorist leaders The exhilaration in Syria by our heroic forces has made them resort to the operations of innocent bandits against civilians, but we have a lookout until they are completely eliminated.
He added that the crises that occur in the country will not affect the strength and cohesion of the state as we have overcome the challenge of terrorism and we can overcome any challenge facing us.
Prime Minister 's Media Office
24 June 2018
***************
ARTICLE 1- B (from PM Abadi's website; posted only on Arabic side, not on English side)
Prime Minister of the Armed Forces Dr. Haidar Al-Abadi heads a meeting of the Ministerial Council for National Security
Prime Minister and Commander in Chief of the Armed Forces Dr. Haider Al-Abadi on Sunday chaired a meeting of the Ministerial Council for National Security.
During the meeting, there was extensive discussion of the Turkish violations of the Iraqi airspace and territories. A detailed explanation was provided by the Defense Ministry, Border Guard, Air Defense and Foreign Ministry movements for these violations. A number of resolutions and directives were adopted to protect Iraq's sovereignty and to reject any attack on Iraqi territory. Reject any aggression against Turkey from Iraqi territory, as well as the use of diplomatic means to prevent any violation of Iraqi territory and the formation of a committee of the chief of staff of the army and joint operations and security and intelligence of the Ministry of Defense and border and interior forces and the National Security Adviser to raise Its recommendations and recommendations as soon as possible.
The Council also discussed procedures for border control and the use and security of modern technologies.
The International Committee of the Red Cross (ICRC) has also approved the visit to places of detention of the Ministry of Justice.
The memorandum of understanding on joint cooperation between the Iraqi anti-terrorism agency and the Hungarian anti-terrorism center was approved.
The Ministerial Council for National Security reiterated its decision to prevent the movement of cars without figures and to take legal action against its owners and to confirm the previous resolutions and directives.
Prime Minister 's Media Office
24 June 2018
***************
ARTICLE 1-C (from PM Abadi's website; posted only on Arabic side, not on English side)
Prime Minister Dr. Haidar Al-Abadi: The challenge we face today is no greater than the challenge of the terrorist-supporting gangs
Prime Minister Dr. Haider al-Abadi said that Iraq can not go back, pointing out that the challenge we face today is no greater than the challenge of gangs and terrorist.
This came during the speech of His Excellency during the presence of the memorial ceremony of His Eminence Sheikh Karim Al-Khakani in Najaf, where he praised the heroism heroism, which was present in most of the battles and was honest funny and received the certificate is a medal not only worthy of the sincere, indicating that we do not pass an occasion, The martyrs who sacrifice their victory victory over terrorism.
Dr. Haidar al-Abadi said that the heroes who came in response to the Supreme Sistani fatwa and fought side by side with the security forces and the military united their sleeves are those who achieved what they called abroad by miracle.
He called for the reunification of unity after we unite in the fight against the dads and put our hand in the hands of some, political differences were the cause of the introduction of a da'ash.
"We can not end this process by rigging the elections and we will not be part of a fraud operation and we must preserve the voter's voice.
He pointed to the importance of forming a strong government backed by parliament to maintain the achievements of the victories and provide jobs and services and economic development, reconstruction and construction.
Prime Minister 's Media Office
23 June 2018
***************
ARTICLE 1-D (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister Dr. Haider Abadi: The impartiality and professionalism of the armed forces must be maintained and the influence of the parties should be kept away from them
Prime Minister and Commander in Chief of the Armed Forces Dr. Haider Al-Abadi on Sunday chaired a meeting of the Ministerial Council for National Security.
During the meeting, there was extensive discussion of the Turkish violations of the Iraqi airspace and territories. A detailed explanation was provided by the Defense Ministry, Border Guard, Air Defense and Foreign Ministry movements for these violations. A number of resolutions and directives were adopted to protect Iraq's sovereignty and to reject any attack on Iraqi territory. Reject any aggression against Turkey from Iraqi territory, as well as the use of diplomatic means to prevent any violation of Iraqi territory and the formation of a committee of the chief of staff of the army and joint operations and security and intelligence of the Ministry of Defense and border and interior forces and the National Security Adviser to raise Its recommendations and recommendations as soon as possible.
The Council also discussed procedures for border control and the use and security of modern technologies.
The International Committee of the Red Cross (ICRC) has also approved the visit to places of detention of the Ministry of Justice.
The memorandum of understanding on joint cooperation between the Iraqi anti-terrorism agency and the Hungarian anti-terrorism center was approved.
The Ministerial Council for National Security reiterated its decision to prevent the movement of cars without figures and to take legal action against its owners and to confirm the previous resolutions and directives.
Prime Minister 's Media Office
24 June 2018
*************
ARTICLE 2
Tweet posted on Government of Iraq twitter account:
A roadmap to drive the Iraqi economy forward
Resounding Victory
At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupeid produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both people and economy.
Iraq’s economy has proved extraordinarily resilient. It has weathered serious crises, and still suffers from real structural issues within the production and financial sectors, the result of a myriad causes including the lack of strategic economic policymaking and national resources drained by military operations.
Despite the heavy burden of military liberation, the Government of Iraq remains committed to resurrecting the economy, and quickly: overcoming challenges such as the cost of basic services and civil servant salaries. To get back on track it must deal with the gap in investments which must be financed through internal or external sources, all while developing a competitive and attractive investment environment.
A Revitalized Vision
In August 2015, Iraqi PM Dr. Haider Al Abadi proposed a series of reforms centered around government efficiency and anti-corruption. Alongside ongoing oil revenues, local economic reform measures that cut down on non-vital public expenditure and raise collection rates from sources such as customs, duties and other sources of public revenue, this pathway should have a substantial and measurable impact on the fiscal budget and domestic resources available.
The Government of Iraq also implemented a number of reforms aimed at increasing Iraq’s competitiveness on the investments and ease-of-doing-business index, through removing barriers and cutting down on red tape facing local and international investors. These reforms now allow entrepreneurs and investors to start up their operations in a much shorter time while streamlining the government record-keeping and tax accounting.
A New Dawn for Iraq
Fiscal reform policy effect can be seen in several sectors, and an increased stream of non-oil revenues is now apparent. A total of 2,219 and 2323 new private sector companies were registered in 2016 and 2017 respectively; the Iraqi securities exchange also witnessed an increased trading volume that grew from ID 516 bn to ID 900 bn in the same period.
The World Bank confirms that Iraq has been successful in implementing structural reforms in local regulation, helping to facilitate new businesses, supported by better access to credit and financing facilities.
“The Government of Iraq has launched a fundamental economic reform agenda based on the framework of its 2014-2018 Government Programme which put institutional economic reform and private sector development at the forefront of its priorities,” said Saruj Kumar Jaha, Regional Director for the Middle East at the World Bank.
The government has also strengthened the credit information infrastructure with the launch of a credit information bureau managed by the Iraqi Central Bank. As of January 2017, this includes five-year histories of 234,967 individual and 4,877 commercial loans.
The government has also succeeded in enhancing the country’s investment ecosystem and positioning, ratifying the following economic and investment agreements:
- In 2015, Iraq joined The International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention), one of the key instruments of international law that protect and promote foreign investment.
- In 2017, Iraq ratified the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (the Mauritius Convention on Transparency).
- In 2018, Iraq ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.
A Bright and Productive Future
Held in Kuwait, Iraq reconstruction conference which wason 12 -14 February 2018. To support to the country following Daesh’s territorial defeat in 2017. The conference, which took drew participants from 76 countries and regional and international organizations, 51 development funds and financial institutions, and 107 local, regional and international nongovernmental organizations, as well as 1,850 private sector representatives .
Investment Opportunities Symposium was held in April 2018. The Symposium demonstrated huge local and international investment appetite throughout all of Iraq’s different provinces and promoted new economic models for Iraq such as Public-Private-Partnerships. PPPs should create excellent opportunities for the country, combining support from public authorities, businesses and civil society. Nine MoUs were successfully agreed, including:
- Central Markets Rehabilitation – Al Mustansiriyayah, Al Adl, Al Amal, Al Salihiyya, and Al Shaab. Total project cost: $250m, awarded to Daeco of the UK.
- Al Muftiyya Project in Basra – Residential, Commercial and Leisure Development. Total project cost $234m, awarded to Daeco of the UK.
- Soda Complex and Table Salt Production Plant in Al Muthanna. Total project cost: $80m, awarded to Al Ghaith of the UAE.
- 3 MoUs with Kuwaiti investment group Jawad Bukhamseen to develop hotels and commercial centers in Al Kadhimiyyah, Kerbalaa, and Samarraa.
- A 5-star hotel and commercial center in Baghdad.
- The Satellite E-Government Project.
- Development of the Baghdad Industrial City.
- Expansion and development of Al Andalus Specialist Hospital in Baghdad.
- Establishment of a branch of an international specialized university in Baghdad over 25,000 square meters, awarded to Al Hawadi Group of the UAE.
These exciting new initaitives correspond to Iraq’s 5-year plan for 2018-2022. The five-year plan seeks to restructure the economy, putting good governance and multi sector reform at its heart, focussed on the recovery of provinces most affected by internal displacement and difficult security conditions.
The development of Iraq’s investment environment will also enable the development of various sectors and create more than two million new jobs and more integration with regional economies and the global community, paving the way to a bright future
Government of IraqVerified account @IraqiGovt 6-24-2018, around 9 am Eastern
On orders of Commander-in-Chief @HaiderAlAbadi, the Iraqi Air Force carries out new air strikes against Daesh positions in Hajin-Syria, killing 45 Daesh leaders and destroying 3 headquarter sites.
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ARTICLE 3
Wisdom calls for the rejection of attempts to procrastination and prolong the duration of the parliament outside what was approved by the Constitution [expanded]
2018/6/24 23:07
[Ayna-Baghdad]
The National Wisdom Movement on Sunday called on parties, parties and political blocs to reject attempts to procrastinate and prolong the period beyond the constitution.
"We believe in the constitutional frameworks that are consistent with the direction of our people in different directions and their urgent desire to revive their long-standing reality and they look forward to change," spokesman Nawfal Abu Ragheef said in a statement. The current national wisdom announces its total rejection of all calls, proposals and ideas that seek to extend the life of the current parliament, which ends its functions on July 1 this year. "
"In this regard, the current trend calls on all parties, parties and political blocs to adopt a clear and sound approach in the pivotal national positions, especially in such delicate and delicate circumstances of the life of our country."
"He also called for the rejection of any attempts to delay and prolong the period beyond the Constitution, and to move seriously towards the formation of a government of national service, which is based on the principle of the peaceful transfer of power without any prejudices or special arguments or insults.
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ARTICLE 4
Explosive devices and miscellaneous war remnants were found in Nineveh
2018/6/25 12:42
[Ayna-Baghdad]
Security forces found explosive devices and various war remnants from the remnants of the terrorist gangs in Nineveh province.
A spokesman for the Center for Security Information Brigadier Yehia Rasool said in a statement received by the agency all of Iraq [where] a copy of it that "the security forces in the command of Nineveh operations found during the clearing of the village of Kasbah Alrai on 13 explosive devices, and arrested a defendant in the control of Scorpio."
"According to intelligence, the same command found a cache of weapons in the Bir al-Muhayfin area containing 25 mortar rounds, 43 different mortars, 6 rockets, one Katyusha, a homemade missile and four tank shells."
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ARTICLE 5
Health: Most Iraqi deaths due to chronic diseases and 33 percent of young people are obese
BAGHDAD - June 25 - The Ministry of Health and the Environment revealed that "62% of deaths in Iraq between 2015 and mid-2018 were due to chronic diseases by 170 thousand spread as a result of increasing smoking, unhealthy food and the use of saturated fat and weak physical activity Organizer ".
"Thirty-three percent of young people are obese and the remaining 35 percent suffer from weight gain and high percentage among young people," said Thamer Kazem, the WHO's representative in the ministry.
"The reasons for this are low physical activity and lack of awareness programs. And eating too many unhealthy foods late at night. "
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