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RBZ rules out return of Zimbabwe Dollar
The Reserve Bank of Zimbabwe (RBZ) has refuted claims circulating on social media about the reintroduction of the banished local unit.
Social media sites such as WhatsApp, Facebook and Twitter were awash with a document purportedly issued by RBZ announcing a comeback of the Zimbabwe dollar which was phased out due to hyperinflation.
But in a statement issued yesterday, RBZ governor John Mangudya said the article was false and malicious.
“The RBZ wishes to advise members of the public that an article being circulated on social media regarding the reintroduction of the Zimbabwe dollar is false and malicious. The RBZ dismisses the false article on the reintroduction of the local currency with the contempt it deserves,” Mangudya said.
“Members of the public should ignore the social media article which has apparently been created and circulated by people who seem bent on manipulating parallel market rates for personal gain at the expense of the unsuspecting public.”
Mangudya reiterated that the nation would still be using the multi-currency system and urged the public to be alert to people who raise such alarm to achieve their personal gains.
WOTS Friday 7/6/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,166.9000 | 1,166.9000 | 1,166.9000 | | 20:00 |
| USD/VND | | | 23,001.4000 | 22,684.0000 | 22,684.0000 | | 05:05 |
| USD/CNY | | | 6.6648 | 6.6349 | 6.6378 | | 05:50 |
| USD/KWD | | | 0.3022 | 0.3014 | 0.3021 | | 05:30 |
| GBP/USD | | | 1.3252 | 1.3204 | 1.3222 | | 05:50 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,458.1000 | 14,348.0000 | 14,458.1000 | | 05:48 |
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DC NY Iraq Articles:dd
Erbil Governor: Multiple Public Service Projects to be Implemented
Iraq, July 5, 2018
Multiple public service projects will be put into action soon in Erbil governorate and the surrounding districts and subdistricts in collaboration with the countries of Japan and Germany, said the governor of Erbil on Wednesday.
Governor Nawzad Hadi said at a press conference that $3 million have been allocated for the projects where both foreign countries' consul generals reaffirmed to continue their support to the Kurdistan Region in providing more public services in the region, especially concerning the IDPs and refugees.
The Kurdish official further pointed out that some German companies had previously implemented some projects regarding water and electricity supplies in the capital city.
Iraqi indignation against Iran for cutting off electricity
July 6, 2018 8:18 AM 06/07/2018
Baghdad/ Iraq TradeLink: The Iraqi population in the southern parts expressed indignation against
Iran for cutting off electricity supply.Iraqi electricity ministry called the Iraqi people to decrease consumption of electricity following the cut off of the Iranian electricity supply to a number of Iraqi cities.
Iran for cutting off electricity supply.Iraqi electricity ministry called the Iraqi people to decrease consumption of electricity following the cut off of the Iranian electricity supply to a number of Iraqi cities.
In a short statement, the ministry said that the cut off reached to 1000 Megawatts that affected some cities like Basra, Nassiriya and Immara.This cut off stirred wrath published through social networks and proved “Iraq’s subordination to Iran”.According to available information, there are debts on the Iraqi side for the supply of the Iranian electricity, which was not totally solved.The comments on the social media called the Iraqi government to end this problem as soon as possible for the resumption of power supply, particularly in this very hot summer.
Exodus from Kurdish villages
July 6, 20188:36 AM Arbil/ Iraq TradeLink: Local reports said that the people in some Kurdish villages began their exodusdue to the Turkish bombardments in their areas, as well as the plateau of Qandeel Mountain.The sources said that the Turkish forces reached to Qandeel Mountain last April.
The Turkish forces started yesterday their random bombardment during the day for several hours that affected the cultivated lands and cattle in our areas and the Turkish helicopters started their operations at night”, the sources added.No comment was made from the Turkish side. The sources said that the anti-Turkish PKK elements moved their headquarters form these areas.The Turkish forces penetrated by 27 kilometers inside the Kurdish region along the Iranian-Turkish-Iraqi triangle
Iraqi Population to Reach 50 Million by 2030: UNDP
Iraq, July 5, 2018
The population of Iraq is predicted to reach 50 million by 2030 while it is currently 39 million, 59 percent of which are under the age of 19, said the United Nations Development Program (UNDP) in a statement.
According to the data collection and analysis by the UNDP, which includes the Kurdistan Region as well, 71% of the population currently lives in the cities while the rest are in the rural areas.
The statement added that the unemployment rate in the country is 12 percent, where university and college graduates have been exemplified.
The number of public servants in the country is estimated to be around 7,900,000, 72% of which are male.
A new chapter of the Arabization of Kirkuk: Acting Governor orders the evacuation of two Kurdish villages
The governor of Kirkuk, acting in his book issued on June 25, demanded the evacuation of the villages of Jambur 1 and Jambur 2 Kurds from their inhabitants, on the grounds that the houses of the villages are in violation.
. Iraqi forces and militias took control of the city of Kirkuk and large areas of Kurdish areas outside the administration of the Kurdistan Region or the so-called <disputed> in an attack launched on 16 October 2017, in response to a referendum conducted by the Kurdistan Region and won overwhelming support for independence from Iraq .
After the events of October 16, a major Arabization operation began in the province, and the Kurds have not been able to address them so far, because the holding of meetings of the provincial council requires the presence of at least 21 of its members," said a member of Kirkuk Provincial Council, Jawan Hassan Zangneh, , And many members of the Council left Kirkuk and reside in Erbil, while Arabs and Turkmans do not support us to prevent such decisions ».
He pointed out that «the governor of Kirkuk believes that the lands of the villages of the two Kurdish oil, and if the same should be compensated population and then demand their evacuation».
"This decision was issued against two villages, all of them Kurds, and the Baath regime was brought to them in 1968 in the framework of Arabization, some Arab tribes from the provinces of Diyala and Salah," Idriss Haji Adel, the official of the Daqq Organization of the Patriotic Union of Kurdistan, told Basnews. Religion, where they seized the territory of the Kurds, and after the fall of the former regime came out of them ».
He stressed that «the governor of Kirkuk and through this decision wants to displace Kurds from the villages again, and housing Arabs instead of them».
Officials warn Cord of attempts to re-localize Kirkuk, and consider that the actions of its governor-designate since October 16 in this direction.
The administration of Kirkuk, which was imposed by the militias after the October 16 attempt to obliterate the identity of the Kurdish city of Kirkuk and to re-implement the policy of Arabization, which successive Iraqi governments, especially the former Iraqi regime, are pursuing them.
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Kauaihn Iraq Articles:dd
America is laying the foundation stone for its giant consulate in Erbil
Editorial Date: 2018/7/6 11:43 • 294 times read
(Baghdad: Al-Furat News) Friday laid the foundation stone for the largest consulate in the world in the province of Erbil, in the presence of the Kurdistan Regional Government, Nechirvan Barzani, the US ambassador in Baghdad and the US consul in Erbil.
Barzani said in a speech on the occasion that "strengthening relations with the United States of America is important, Washington had in 1991 a great role in protecting our people."
"The opening of the largest US consulate in Erbil is important, and it indicates the survival of America in the Kurdistan region," he said.
For his part, the US ambassador to Iraq, Douglas Silliman, "The United States of America is linked to relations very close to the Kurdistan region for a long time."
The construction of this giant consulate will be on an area of about 200,000 square meters and will include buildings and public facilities, which will cost about $ 600 million.
The United States opened its diplomatic representation office in Erbil for the first time in 2007, and after four years it was developed into a consulate.
More than 30 Arab and foreign countries hold consulates and representative offices in the Kurdistan region, including the five permanent members of the Security Council: the United States, Russia, China, Britain and France.
Barzani said in a speech on the occasion that "strengthening relations with the United States of America is important, Washington had in 1991 a great role in protecting our people."
"The opening of the largest US consulate in Erbil is important, and it indicates the survival of America in the Kurdistan region," he said.
For his part, the US ambassador to Iraq, Douglas Silliman, "The United States of America is linked to relations very close to the Kurdistan region for a long time."
The construction of this giant consulate will be on an area of about 200,000 square meters and will include buildings and public facilities, which will cost about $ 600 million.
The United States opened its diplomatic representation office in Erbil for the first time in 2007, and after four years it was developed into a consulate.
More than 30 Arab and foreign countries hold consulates and representative offices in the Kurdistan region, including the five permanent members of the Security Council: the United States, Russia, China, Britain and France.
Kuwait/ Iraq TradeLink: The Kuwaiti Fund for Development announced granting Iraq a loan of
23.5 million dinars (800 million dollars) to build and supply 73 schools in 15 Iraqi provinces.
This loan comes within its pledges during the Kuwaiti Donation Conference for Iraq, held last February.
Iraq got the support of about 30 billion dollars from the donors in the form of donations and loans to rehabilitate the country’s infrastruct
A former Iraqi parliamentarian warns of the dangers of setting up secret US bases in Iraq
The former member of the Iraqi parliamentary security and defense committee, Iskandar and Tutt, said in a press statement that "the recent disclosure by the American press about the existence of a secret base of US artillery inside Iraqi territory, is a matter of concern, and confirms the validity of our repeated warnings of increasing American activity in Iraq, The existence of such bases is a threat to the region, not just Iraq.
"To allow the US administration to establish such bases does not serve Iraq or the region, but rather will destabilize them," he said, calling for "clarification on the reality of this base and the usefulness of its presence on Iraqi territory."
It should be noted that the newspaper "Milertry Com" American military affairs revealed a few days ago, the United States to build a secret base of artillery within the territory of Iraq, noting that there are at this base more than 150 elements of the US military and the US Marine Corps (Marines ).
Sources in the popular crowd pointed to the existence of signs and indications of American attempts to stir up disputes or conflicts between the federal army forces and the Kurdish Peshmerga in the so-called disputed areas in order to prepare the atmosphere and floors for a US military presence in those areas. And suspicious moves, which if successful will make things worse and more complicated.
"To allow the US administration to establish such bases does not serve Iraq or the region, but rather will destabilize them," he said, calling for "clarification on the reality of this base and the usefulness of its presence on Iraqi territory."
It should be noted that the newspaper "Milertry Com" American military affairs revealed a few days ago, the United States to build a secret base of artillery within the territory of Iraq, noting that there are at this base more than 150 elements of the US military and the US Marine Corps (Marines ).
Sources in the popular crowd pointed to the existence of signs and indications of American attempts to stir up disputes or conflicts between the federal army forces and the Kurdish Peshmerga in the so-called disputed areas in order to prepare the atmosphere and floors for a US military presence in those areas. And suspicious moves, which if successful will make things worse and more complicated.
Iraq's Kurdistan: No Return to the "United Alliance"
06/07/2018
The Kurdistan Democratic Party (KDP), the ruling party in the Kurdistan region of Iraq , is trying to unite the Kurdish parties, especially the opposition, with Barzani and Talabani, which includes the Kurdistan Alliance, which gathers parliamentary seats through the preliminary results of the country's legislative elections on 12 May. the past. The party, led by former provincial president Massoud Barzani, is seeking to hold a broad meeting of supporters and opponents, to form a political front capable of confronting large coalitions in Baghdad, especially as "sowron" led by Moqtada al-Sadr, while the opposition parties, which are small compared to the ruling party, dialogue and resort to The same old patterns of policy in the formation of the new Iraqi government, and return again in twisted ways to quotas according to "components and sects."
The opposition parties, Change, and the Islamic Group, Democracy and Justice led by Barham Salih, also refuse to return to the policy of opposition and arrogance that Erbil was exerting with Baghdad, while considering that the behavior of Massoud Barzani was wrong, especially with regard to the "referendum of secession" On September 25, 2017. And led to a series of sanctions, taken by Baghdad against the provinces of the region, Erbil, Sulaymaniyah and Dohuk, in addition to that it opposes the return of power to the Barzani, who distribute power among themselves as a family and not a province of his ministries and parliament, according to opponents.
It also rejects the most prominent opposition parties to return to the policy of reluctance and arrogance that was exercised by Erbil with Baghdad
In the context, revealed a member of the Kurdistan Democratic Party, "the party's intention to hold political meetings for dialogue with the other Kurdish parties, starting next week, to understand about the form of the new Kurdistan Alliance, and finalize the way to negotiate with the parties in Baghdad, Indicating that "the Kurdistan Democratic Party seeks to demand the parties in Baghdad to create a genuine national partnership capable of managing the country and end the differences between the Kurdistan region and Baghdad, as well as to ensure the rights of the province of the budget, to be fair and equitable."
He added that "the series of meetings will include the presence of all the Kurdish parties, even the opposition, most notably the change," pointing out that "the movement of change did not get a good result in the preliminary results of the elections, and therefore fully aware that it will not be able to address the parties of Baghdad, "The meetings that will start next week will not lead to the dispatch of any negotiating delegation to Baghdad, and that negotiations will be after the announcement of the results of the official elections, and approval by the Federal Court."
For its part, insists the movement of change Kurdish, the most prominent opponents and most of them on the Government of Kurdistan, not to participate in any meeting held by the "Kurdistan Democratic Party." "The change is not against negotiation or dialogue with the Kurdistan Democratic, but we see that the Kurdistan Democratic Party and the government in Erbil, have conducted large fraud during the last elections for their benefit, at the expense of our votes in the polling stations, The Kurdistan Democratic Party wants to enter the political process and gain gains of interest, without the voices of harassment, or the presence of opposition, and this behavior is undemocratic Barzani Party is looking for its own gains and not the gains of the Kurdish people, so it is not right to engage in dialogue and understanding With this h B. "
Kurdistan region is ready to coordinate with Baghdad to export Kirkuk oil across the region
Meanwhile, the President of the Kurdistan Regional Government, Najirvan Barzani, on Wednesday, in a press conference, "must be the position of Kurdish parties unified in Baghdad," noting that "they continue to talk with all parties on the formation of the next Iraqi government." Barzani expressed his "support for the demands of the Kurdish parties on the re-counting of votes by hand."
Kurdistan region is ready to coordinate with Baghdad to export Kirkuk oil across the region
Meanwhile, the President of the Kurdistan Regional Government, Najirvan Barzani, on Wednesday, in a press conference, "must be the position of Kurdish parties unified in Baghdad," noting that "they continue to talk with all parties on the formation of the next Iraqi government." Barzani expressed his "support for the demands of the Kurdish parties on the re-counting of votes by hand."
On the economic relations between Baghdad and Erbil, said Barzani, "The Kurdistan region is ready to coordinate with Baghdad to export Kirkuk oil across the region," explaining that "the right of the people of Kurdistan to see the sale of oil in the region." He continued: "We discussed at the meeting of the Council of Ministers Deloitte's report on the global imports and expenses of oil in the Kurdistan region."
In turn, between the Iraqi political analyst Mohammed Shafiq, " the opposition parties so far their positions fluctuated, and it seems to have no unified decision on the formation of a unified front," likely "entry of opponents within the Kurdistan Alliance again for many reasons.
These countries buy Iranian oil
06/07/20182 hours agoChina is the largest buyer of Iranian crude oil according to the latest statistics, and FGI Consulting says Beijing is not fully responsive to US President Donald Trump's plan to stop Iranian oil exports. Iran's oil exports are around 2.3 million barrels per day (estimated by June) and China alone buys around 650,000 barrels per day of the total.The rest of the importers are in order (according to June purchases): India, the European Union, Turkey, Japan and South Korea. Others buy small quantities like Russia and the Syrian regime. Trump - who has withdrawn from the nuclear deal with Iran and imposed sanctions - seeks to stifle those exports to zero by November 4, otherwise importers will be punished as well. The White House still awaits official responses from Beijing, New Delhi and Ankara, which buys 60 percent of Iran's total oil exports, for their cooperation with Trump's plan to halt the flow of Iranian oil, the FGI news agency reported.
China
FGI said China may continue to import Iranian oil, even if it is much lower than its current purchases. Beijing's stated position is what a foreign ministry spokesman said at the end of last month when he stressed that "China and Iran are friends, and we establish normal exchanges and cooperation on the basis of compliance with international law." Analysts read the remarks as a Chinese challenge to Trump's calls.
FGI said China may continue to import Iranian oil, even if it is much lower than its current purchases. Beijing's stated position is what a foreign ministry spokesman said at the end of last month when he stressed that "China and Iran are friends, and we establish normal exchanges and cooperation on the basis of compliance with international law." Analysts read the remarks as a Chinese challenge to Trump's calls.
India
New Delhi has given mixed signals about its stance on stopping Iranian exports, but its officials say they have prepared alternative plans for all eventualities. According to press reports, the government has asked Indian oil refineries to prepare for the possibility of a halt to Iranian imports altogether.
New Delhi has given mixed signals about its stance on stopping Iranian exports, but its officials say they have prepared alternative plans for all eventualities. According to press reports, the government has asked Indian oil refineries to prepare for the possibility of a halt to Iranian imports altogether.
Turkey
In Ankara, Foreign Minister Mouloud Gawishoglu said at the end of last month that his country would not sever its trade relations with Iran at the behest of another country. Economy Minister Nihad Zibekji also said US demands to halt oil trade with Iran were not binding.
In Ankara, Foreign Minister Mouloud Gawishoglu said at the end of last month that his country would not sever its trade relations with Iran at the behest of another country. Economy Minister Nihad Zibekji also said US demands to halt oil trade with Iran were not binding.
European Union
On the other hand, the leaders of the European Union emphasize that they are keen to save the nuclear agreement with Iran, and maintain trade and investment relations between the two sides.
On the other hand, the leaders of the European Union emphasize that they are keen to save the nuclear agreement with Iran, and maintain trade and investment relations between the two sides.
This time, the EU refrained from banning Iranian oil on its part, as it did when it cooperated with previous US President Barack Obama's sanctions against Tehran in 2012. But on the ground, European refiners are now cutting their purchases of Iranian oil at a faster pace than expected, Reuters said - as they fear retaliation by the United States. Al Jazeera
Chinese companies interested in investing in Kurdistan: Diplomat
Iraq, July 5, 2018
In a meeting with the Kurdistan Regional Government (KRG) Prime Minister, the newly-appointed Chinese Consul General in Erbil expressed the interest of Chinese companies to work and invest in the Kurdistan Region.
KRG Prime Minister Nechirvan Barzani received the newly-appointed Consul General Ni Roch and an accompanying delegation in Erbil on Monday.
Roch thanked the KRG institutions for all their support and facilitation and reiterated on strengthening relations between China and the Kurdistan Region, a statement released on the KRG website read.
Roch said he would work to improve political, economic, trade, cultural, and scientific relations between both sides.
The Chinese diplomat expressed the interest of his country’s companies to work and invest in the Kurdistan Region, the statement said.
Prime Minister Barzani congratulated Roch on his appointment as Chinese Consul General in the Kurdistan Region and expressed the KRG’s desire to strengthen ties with China in all sectors.
Barzani welcomed the will of the Chinese companies to invest in Kurdistan, reiterating the Region’s readiness to collaborate with them. He also said the companies could play an essential role in infrastructure, trade, and investment in the Kurdistan Region.
The KRG Prime Minister highlighted new investment opportunities in the Kurdistan Region as the war against the Islamic State is now over.
Both sides discussed the political situation in the Kurdistan Region, Iraq, and the Middle East, the statement concluded.
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GLOBAL/NEWS/INFO
This 22-Year-Old Has Stashed Away $10,000 in Savings While Traveling the World. Here's How She's Doing ItMoney
It's a $20-an-hour, work-anywhere gig. Read the full story
How to be a millionaire: 5 strategies followed by the millionaires?
Global Banking & Finance Review
Living in a mansion on Beverly Hills and riding cars worth more than someone’s house The post How to be a millionaire: 5 strategies followed by the millionaires? appeared first on . Read the full story
Ad legend John Hegarty reveals the first lesson he learned in the working world: ‘Don't chase the money’
The advertising legend has worked in the industry for over 60 years, having collaborated with brands including Levi’s, Google, and Samsung.
Global economy 'under threat as tariff war bites'
BBC News US
World Trade Organization warns growth is in jeopardy as the number of tariff barriers doubles. Read the full story
The top 20 presidents in US history, according to historians
Business Insider
Presidents Barack Obama and Bill Clinton both made the top 20. Abraham Lincoln was voted the best president in US history in a survey. Nearly 100 historians and biographers rated 43 US presidents on 10 qualities of presidential leadership. Notable best presidents include George Washington at No. 2, Thomas Jefferson at No. 7, and Barack Obama at No. 12. It should come as little surprise that for the third time in a row, historians agreed that Abraham Lincoln was the best US president. For Read the full story
OIL/COMMODITIES/ENERGY
Gold slips ahead of Fed minutes despite softer dollar
Investors worried that U.S. Federal Reserve minutes would highlight the prospect of further rate hikes.
Gold Remains Near One-Week High as Dollar Falls
Investing.com
© Reuters. Gold was higher on Wednesday. Read the full story
Oil Prices Mixed in Holiday Trade as Investors Eye U.S. Crude Inventories
Investing.com
© Reuters. Oil prices show little change in holiday-thinned trade Read the full story\
Oil falls as Trump demands OPEC cut prices
But, the market found some support from an Iranian threat to block shipments through the Strait of Hormuz.
Read more: https://www.cnbc.com/2018/07/
Goldman: Commodities are set to rise, trade war fears have been oversold
CNBC
CNBC
Goldman Sachs said it maintained its "Overweight" assessment of the commodities space, and said it has a 12-month expected return of 10 percent. Read the full story
How To Build Wealth By Having An Online Business? 5 Secrets Of Generating Income On The Internet!
Global Banking & Finance Review
If you are searching for an answer for howto build wealth fast without any capital Source Read the full story
Trump feels the heat on rising gas prices, demands oil cartel do more to 'reduce pricing now'
CNBC
President Donald Trump issued a new demand for the world's leading oil producing countries to stabilize oil markets, only days after the United States and Saudi Arabia discussed the possibility of the kingdom releasing more crude to dampen surging prices. Read the full story
BANKS/BANKING/CREDIT
UK banks told to show their backup plans for tech shutdownsReuters
British banks and other financial services firms were given three months on Thursday to explain how they can avoid damaging IT breakdowns and respond to the growing threat of cyber attacks. Read the full story
Britain's Lloyds offers $100 million so far to HBOS fraud victims
Reuters
Lloyds Banking Group has made compensation offers worth 76 million pounds ($100.46 million) to victims of a fraud at its HBOS Reading unit, lawmakers said on Thursday. Read the full story
Spain's Lawmakers Push for Blockchain Use in Governance
CoinDesk
Spain's ruling party submitted a proposal encouraging the government to adopt blockchain technology in managing public services. Read the full story
Interest rates are dropping, but it's not enough to lure homeowners back into the mortgage market
CNBC
A significant drop in mortgage interest rates was not enough to entice homeowners to refinance their loans last week. Read the full story
Draft Article – Global Banking & Finance
Global Banking & Finance Review
STAND OUT FROM THE CROWD By Sam Quawasmi, Co-Founder ofEureeca Whilst having a great business Read the full story
Career opportunities in banking: where are we now and what is the future?
Global Banking & Finance Review
John Hunter, Head of Banking and Fiduciaries, Isle of Man Department for Enterprise There is no The post Career opportunities in banking: where are we now and what is the future? appeared first on . Read the full story
Battling Regulations – How Banks can Navigate PSD2 and GDPR
Global Banking & Finance Review
Satya SwarupDas, Senior Solution Architect, Virtusa Benjamin Franklin once said, ‘when you’re finished changing, you’re Read the full story
Barclays Bank shareholders approve name change
Source
HARARE, July 4 (The Source) - Barclays Bank Zimbabwe’s shareholders have approved a name change, which will see the bank operating under a dual brand after its takeover by FMB Malawi. FMB acquired an effective 42,7 percent shareholding in the bank from Barclays Plc which was exiting the African market to focus more on its... Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things To Know In The Market On ThursdayInvesting.com
© Reuters. Top 5 things to know today in financial markets Read the full story
Investors are so nervous about a potential recession that they’re preparing for one
Some money managers are increasingly nervous about an upcoming recession amid higher interest rates and tighter credit availability.
US Treasury yields edge higher ahead of FOMC minutes
U.S. government debt prices came under pressure on Thursday.
Read more: https://www.cnbc.com/2018/07/
Consumer spending may dangerously weaken and hurt stocks, analyst Nick Colas warns
CNBC
DataTrek Research’s Nicholas Colas says it can’t get much better for consumers, and that bodes badly for stocks. Read the full story
Investment Grade Bonds Keep Chugging Along - Which Is Important For Equities
Forbes Magazine
A quick update on the investment grade bond market, an explanation of recent weakness and why the strength in this market should continue to support large cap stocks. Read the full story
Trump's WTO threat risks recession, market implosion
Axios
Look for global stock markets to crater and economies to dive into recession if President Trump proceeds with his desire to withdraw from another international accord — this time the World Trade Organization, economic experts tell me. The big picture: Thus far, Trump has mostly damaged U.S. prestige with his anti-globalization actions, including withdrawing from the Trans-Pacific Partnership and the Paris climate agreement, as well as threatening to pull out of NAFTA. He's also caused global Read the full story
June jobs report preview: What could spook the markets?
Fox Business
Could a spike in wage inflation create another selloff? Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin's Price Rally Hits Speed Bump in Push to $7K
CoinDesk
CoinDesk
Bitcoin's short-term bull market has paused at the key technical resistance of $6,750. Read the full story
Bitcoin Remains On Hunt for $7K Despite Price Pullback
CoinDesk
Bitcoin retains the short-term bullish bias despite the pullback from the 11-day highs. Read the full story
Crypto Exchanges Are Already Adapting to India's Bank Account Ban
CoinDesk
As the Indian Supreme Court declined to end the Reserve Bank of India's crypto curb, exchanges in India are taking different actions. Read the full story
Crypto and Blockchain Integration in Established Banks
Global Banking & Finance Review
Jo Howes, Commercial Director, CREALOGIX For all the hype that currently surrounds cryptocurrency, it is Read the full story
All you should know about the best cryptocurrencies
Global Banking & Finance Review
Undoubtedly, cryptocurrencies have ushered in a flourishing new market for investments. The interest and enthusiasm Source Read the full story
CURRENCIES
Forex - Dollar Slips as Trade Tariff Deadline NearsInvesting.com
© Reuters. Dollar slips as trade tariff deadline nears Read the full story
Trade hopes, German data support euro near 3-week highs
Strong German industrial orders and hopes over a softening in U.S. trade rhetoric towards European Union carmakers boosted the euro.
Stronger euro nicks dollar index
MarketWatch
The leading gauge of the U.S. dollar softened Thursday as upbeat German economic data lifted the euro. Read the full story
How a sliding yuan and volatile stock market have put China’s central bank in the hot seat
South China Morning Post
Nicholas Spiro says the US Federal Reserve seems determined to go ahead with monetary tightening but a sharp decline in China’s yuan might provoke a pause, as it did in 2015 Read the full story
INSURANCE / HEALTH / SCIENCE
'Skinny fat' in older adults may predict dementia, Alzheimer's riskScience Magazine
Credit: Florida Atlantic University A new study has found that "skinny fat" - the combination of low muscle mass and strength in the context of high fat mass - may be an important predictor of cognitive performance in older adults. While sarcopenia.. Read the full story
How to quit smoking: five tips from a smoker who stopped after 35 years on kicking the habit for good
South China Morning Post
Mark Sharp has smoked since he was a teenager. After a number of failed attempts, he’s now been able to avoid having a cigarette for over a month. He offers advice on how to butt out for good Read the full story
New anti-clotting drugs linked to lower risk of serious bleeding
Science Magazine
New drugs known as direct oral anticoagulants (DOACs) used to treat serious blood clots are associated with reduced risks of major bleeding compared with the older anti-clotting drug, warfarin, finds a study in The BMJ today. The findings provide i.. Read the full story
USA/CANADA
Trump said Saudi Arabia will bring 2 million barrels per day to the market — here's why that's unlikelyBusiness Insider
Saudi Arabia's Oil Minister Khalid al-Falih (R) sits next to Russian Energy Minister Alexander Novak as he addresses a news conference after an OPEC meeting in Vienna, Austria. Trump said Saudi Arabia will boost oil production by 2 million barrels per day. But analysts have predicted Saudi Arabia will add as much as 800,000 to 1 million barrels per day. Saudi Arabia is unlikely to use up most of its spare capacity, and an output increase of that size would take a long time. President Trump said Read the full story
Nearly a quarter of Americans have no emergency savings
Axios
Nearly 20% of Americans surveyed they have zero savings in case of emergency, a recent survey by bankrate.com reports. Why it matters: With the jobs outnumbering the jobless, a lowering unemployment rate and wages trickling upward, Americans theoretically should have more money to put away for a rainy day fund. If an economic downturn were to occur, the data shows only a small fraction of Americans would be able to comfortably maintain their lifestyle. By the numbers: 29% of the U.S. say they Read the full story
U.S. States Worst Hit By Retaliatory Tariffs
Investing.com
Economy Jul 04, 2018 15:14 GMT Investing.com - With tens of billions of dollars of retaliatory tariffs in place or about to kick in against the United States, the U.S. Chamber of Commerce has issued an analysis of their impact on each of the nation’s 50 states. Here are the five states with the most exports at stake, which country’s tariffs will hurt the most and the number of jobs supported by global trade. The top states are not necessarily all the largest ones. Washington is first based on Read the full story
US pig farmers, asked to be 'good patriots,' brace for new round of pork tariffs from China, Mexico
CNBC
China and Mexico are about to slam U.S. pork products with a second wave of retaliatory tariffs that has some large producers predicting they will lose big money and be forced to invest overseas for growth. Read the full story
Canadian government investigates after U.S. Border Patrol boards fishing ships looking for illegal immigrants: report
The Hill
At least 10 Canadian fishing boats from New Brunswick have been intercepted in the past two weeks off the coast of Maine by U.S. Read the full story
EMERGING MARKETS
Building Infrastructure In Emerging MarketsForbes Magazine
While major sporting events such as the World Cup can be a catalyst for infrastructure building in emerging markets, the involvement of major global pension funds is likely to be a more fruitful long-term source of capital. Read the full story
Venezuela urged to open doors to aid, restore rule of law
Reuters
Led by Peru, more than 50 countries urged Venezuela on Thursday to restore the rule of law and open its doors to humanitarian assistance, as an economic crisis causes shortages of medicine and growing malnutrition. Read the full story
Trump Wasn’t Kidding About Wanting to Invade Venezuela
Vanity Fair
The president repeatedly asked why he couldn’t overthrow President Nicolas Maduro, according to the Associated Press. Read the full story
Puerto Rico deserves statehood to truly celebrate Independence Day
The Hill
Congress must grant the island statehood so that citizens and taxpayers can finally get some relief. Read the full story
Emerging markets bleed capital again; investors say now's the time to buy
Buy Emerging Markets Now, Says Saxo Bank's CIO
Buy emerging markets now
https://www.bloomberg.com/
MIDDLE EAST
Iraq bans farming summer crops as water crisis grows dire
ABC News
ABC News
Iraq bans farmers from planting summer crops this year as crippling water shortage shows few signs of abating Read the full story
Iran asks Trump to stop tweeting about oil — because it's driving prices up
Business Insider
President Donald Trump displays a presidential memorandum after announcing his intent to withdraw from the JCPOA Iran nuclear agreement in the Diplomatic Room at the White House in Washington, U.S., May 8, 2018. A senior Iranian official has asked US President Donald Trump to refrain from tweeting about oil as he believes the tweets are driving up the price of the commodity. "Please stop it, otherwise it will go even higher!" Iran's OPEC Governor Hossein Kazempour Ardebili said in a statement, Read the full story
Top Iranian commander endorses moderate Rouhani's threat to disrupt oil amid Trump administration pressure
CNN
Leading Iranian Revolutionary Guards commander Qasem Soleimani offered a rare endorsement of moderate President Hassan Rouhani in tweets on Wednesday. Read the full story
Palestinian official slams Trump, Kushner; says 'real estate men' won't solve conflict
Fox News
A veteran Palestinian peace negotiator lashed out at President Trump Tuesday, saying the Middle East conflict "won't be solved by the tools of real estate men." Read the full story
US vows to keep Gulf waterway open despite Iran's threats
Aljazeera
The US military has promised once again to keep Gulf waterways open to oil tankers as Iranian president appeared to renew threats to close off the region. Captain Bill Urban, a spokesman for the US military's Central Command, told the Associated Press news agency on Wednesday that US sailors and its regional allies "stand ready to ensure the freedom of navigation and the free flow of commerce wherever international law allows." Iranian President Hassan Rouhani on Tuesday hinted Iran could halt Read the full story
EU lawmakers back plan for European Investment Bank work in Iran
Reuters
EU lawmakers gave approval on Wednesday for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned. Read the full story
AFRICA
Zimbabwe: U.S. Govt Issues Travel Warning, Citing Crime and Civil Unrest
AllAfrica
AllAfrica
(Photo: U.S. Department of State/Website screenshot) WITH three weeks to go to elections, tensions rising in the wake of a deadly bomb blast in Bulawayo, the US government this week issued a travel alert on Zimbabwe. The advisory, issued Monday advised its citizens to "exercise increased caution in Zimbabwe due to crime and civil unrest." "Violent crime, such as assault, carjacking, and home invasion, is common. Smashing the windows of cars with the intent to steal, which can harm the driver or Read the full story
Zimbabwe: U.S.$4,2 Billion Project Ready for Takeoff
AllAfrica
The $4,2 billion platinum investment project in Mhondoro-Ngezi has become one of the fastest projects to be implemented under President Mnangagwa's administration, with the investor -- Karo Resources of Cyprus -- having already moved mining equipment on site, only three months after the deal was signed. Mines and Mining Development Minister Winston Chitando said yesterday that President Mnangagwa was expected to do the groundbreaking ceremony for the massive project in the next two weeks. The Read the full story
Zimbabwe Revenue Authority targets tax cuts for SMEs
FurtherAfrica
The Zimbabwe Revenue Authority (ZIMRA) is targeting to reduce tax for small-to-medium scale enterprises as part of efforts to increase compliance in paying dues to authorities. Read the full story\\
Mozambican government improves signage at Maputo port
FurtherAfrica
FurtherAfrica
The National Institute for Hydrography and Navigation of Mozambique, which is responsible for ensuring navigational safety on national port access channels, will spend US$3.5 million on a “substantial intervention” in signage at the port of Maputo, according to daily newspaper Noticias. Read the full story
Total Ghana unveils Solar-Powered station
FurtherAfrica
Total Ghana Limited has commissioned its first solar-powered service station in the country with a 35 kilowatt capacity, at the Tema main harbour. Read the full story
Moody's: Kenya, Tanzania well placed to weather shocks
FurtherAfrica
Kenya and Tanzania are likely to be the most resilient against economic shocks because of their diversification and economic size, a new report by rating agency Moody's says. Read the full story
ASIA
Asian stocks decline, with investors cautious as a first wave of tariffs looms
Asian stocks deepened their losses, with major markets finishing the session lower as investors remained cautious the day before tariffs from the U.S. and China are due to be implemented.
China delays retaliatory tariffs, won't fire 'first shot' in potential trade war
New York Post
Beijing officials on Wednesday delayed implementing retaliatory tariffs by 12 hours — not wanting to draw first blood in a potential trade war. China officials had vowed to go toe to toe with the White House and levy increased and expanded tariffs on July 6 — the same date President Trump promised to jack up duties on Chinese products imported into the US. But when they realized the 12-hour time advantage the Asian country has over the US, they backed down a bit, according to a report. A 12:01 Read the full story
The China-U.S. Power Struggle Is Just Beginning
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Chinese President Xi Jinping has an ambitious master plan for his country’s transformation into a wealthy, technology-driven global economic power. And U.S. companies need not apply. That’s why the current trade rumble between the U.S. and China, in which the Trump administration is threatening to slap tariffs on $34 billion of Chinese imports and Beijing promises to respond in kind, is far more than just a spat over market restrictions, Read the full story
How the looming trade war and China’s rising labour costs are a boon to Vietnam’s economy
South China Morning Post
Although US-China trade tension could impair growth in Southeast Asia, the region is siphoning output away from China, where rising wages have driven up costs Read the full story
Shanghai aims to raise US$15 billion in funds to gain an upper hand in AI development
South China Morning Post
The city government is looking at how to draw investors to raise capital and talent to manage the funds in the quest to become a tech hub Read the full story
China's ambitions in eastern Europe to face scrutiny at summit
Reuters
China meets central and eastern European leaders on Saturday for a summit where Beijing's promises of big infrastructure deals will come under greater scrutiny with some participants saying the annual gatherings yield little. Read the full story
EUROPE
Macedonian lawmakers ratify Greece name deal againABC News
Macedonia's parliament has ratified a historic deal with neighboring Greece for the second time in two weeks, after the Macedonian president temporarily blocked the agreement Read the full story
European markets rally as auto stocks jump 3%; investors monitor US-Sino tariff deadline
European stocks were higher Thursday morning, as hopes over a softening in U.S. trade rhetoric boosted the autos sector.
The Trump Administration Took Its New Plan to Avoid an EU-U.S. Trade War to a Secret Meeting With German Carmakers
FORTUNE
It was a busy Independence Day: U.S. Ambassador to Germany Richard Grenell reportedly had a secret meeting yesterday with major German carmakers in Berlin to discuss ways to avoid an EU-U.S. trade war. Handelsblatt reports that Grenell’s proposal to the CEOs of BMW, Volkswagen and Daimler was that both sides remove car import tariffs altogether. The carmakers were receptive to the idea, insiders said. President Donald Trump has threatened import taxes of 20% on cars coming to the U.S. from Read the full story
Wikipedia blacked out across Europe in protest against laws that could change the internet forever
Business Insider
Wikipedia founder Jimmy Wales. Wikipedia's Spanish, Italian, and Polish language versions blacked out in protest against new EU copyright reforms being voted upon on Thursday. The new laws could force websites like Reddit to filter user content for copyright breaches and impose a "link tax" on companies including Google for linking to publishers. Wikipedia Jimmy Wales urged people to oppose the reforms. He believes they will benefit tech giants like Facebook and Google that can afford to Read the full story
Downing Street sets out some details of new Brexit customs plan
BBC News US
The details come as Mrs May prepares to meet German chancellor, Angela Merkel, in Berlin. Read the full story
UK Services PMI Rose at Fastest Pace in Eight Months in June
Investing.com
© Reuters. UK services PMI rose at fastest pace in eight months in June Read the full story
UK reportedly tells Trump he cannot meet with Brexit architect Nigel Farage
Fox News
The U.K. government has reportedly told President Trump he must not meet Brexit architect and former U.K. Independence Party leader Nigel Farage when Trump visits the U.K. this month. Read the full story
Europe could suffer collateral damage in US-China trade war
ABC News
European businesses are unsettled as they watch the U.S. and China collide over trade. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
CBI closed on Friday and Saturday
ISX Closed on Friday and Saturday
Kauaihn Chatter:
http://www.dinarguru.com/
7-6-2018 Newshound Guru Kaperoni Crazy...nonsense...blaming the so called "delay" on President Trump... Currency reform is part of the transition to Article VIII and when that occurs it'll be a decision between the IMF in [and?] the CBI nobody else.
7-5-2018 Newshound Guru Breitling ...That’s all we’re looking at. That will open up the door for the value of the dinar, to start adding value to their currency. They are going to have to do it. As the prices go down they are going to go broke because they are not vested in other countries and other entities or anything like that. Right now it’s still 90% oil…This is my opinion…They don’t need to wait for the price of oil to go down…they need to do it while the price of oil is still pretty high. What that number is? I don’t know…We’ll see if they do it. That’s what they plan on doing. That’s the conversation going on in Iraq. Nothing negative has come out of Iraq. It’s all been positive…we’re on the line here. [Post 2 of 2]
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR ASKED WHEN WILL IRAQ’S CURRENCY IN THE RANKS OF MAJOR CURRENCIES" Quote: "when the Iraqi economy flourishes and ITS CURRENCY IN THE RANKS OF MAJOR CURRENCIES." Sadr is talking about the reinstatement of the dinar…WOW!
7-5-2018 Newshound Guru Kaperoni The fact is there is no RV or RI...it's just not how monetary policy works for emerging-market countries. I expected some point soon this year that the CBI will accept Article VIII and at the same time move off the peg and begin to float their currency. This is a necessary step to invite investment and counter inflationary pressure created from that investment. An article today came out from a member of the finance committee indicating that Iraq has about 33 to 36 trillion dinars in circulation. If true that is a good sign that the money supply has been reduced at least some.
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR ASKED WHEN WILL IRAQ’S CURRENCY IN THE RANKS OF MAJOR CURRENCIES" Quote: "when the Iraqi economy flourishes and ITS CURRENCY IN THE RANKS OF MAJOR CURRENCIES." Sadr is talking about the reinstatement of the dinar…WOW!
7-5-2018 Newshound Guru Kaperoni The fact is there is no RV or RI...it's just not how monetary policy works for emerging-market countries. I expected some point soon this year that the CBI will accept Article VIII and at the same time move off the peg and begin to float their currency. This is a necessary step to invite investment and counter inflationary pressure created from that investment. An article today came out from a member of the finance committee indicating that Iraq has about 33 to 36 trillion dinars in circulation. If true that is a good sign that the money supply has been reduced at least some.
7-5-2018 Newshound/Intel Guru Mnt Goat Quote: "THE USNs HAS BEEN APPROVED BY PRESIDENT TRUMP AND THIS WAS HOLDING BACK THE RV" ...the “USN” designation is merely a code meaning (next day) transfer of US Dollar funds USD indicating how the funds are to be used. According to UN/CEFACT recommendation 9, paragraphs 8-9 (ECE/TRADE/203, 1996, it is used for inter-banking transactions. It does NOT mean “new” US currency. ...“USN” is NOT a designation for a new currency coming out to replace the USD old currency that you now have. It is not GOLD backed. I quote from the [forex] site: “The US dollar actually has three codes assigned: USD, USS (same day) and USN (next day)..." ...the dinar is already pegged to the US dollar by a “de facto” peg put in place in 2003 to keep the dinar from fully crashing. As part of moving to Article 8 the IMF plans to re-peg the dinar to the SDR basket of 5 currencies of the strongest developed nations, one of which is the USD.
7-5-2018 Intel Guru RayRen98 Iraqi TV is announcing 14 days to complete the re-counts of the votes in 7 remaining provinces. Appeals are still subject-matter related affecting the ratification of the election results. Seating of the new government is anticipated by August 1, 2018. (Not 100% sure if that matters for an RV or not)
7-5-2018 Newshound Guru Breitling …The price per barrel right now is like $75 so Iraq doesn’t need to revalue. They simply don’t…that’s how they make their money. 90% of their economy is selling oil and right now they’re kicking butt…The oil prices are going to come down. We have 3 things…we opened up the places we can explore for oil. We have our reserves. And we have Saudi Arabia and Russia to make sure they’re producing more oil…And that’s what it means for Iraq…Once that oil price goes down…for the Iraqi dinar it means everything…Right now we’re watching the market and the market is going to react and it is OPEC, it’s Saudi Arabia, it’s Russia, it’s Trump and his policies... And that’s it. [Post 1 of 2]
7-5-2018 Intel Guru RayRen98 Iraqi TV is announcing 14 days to complete the re-counts of the votes in 7 remaining provinces. Appeals are still subject-matter related affecting the ratification of the election results. Seating of the new government is anticipated by August 1, 2018. (Not 100% sure if that matters for an RV or not)
7-5-2018 Newshound Guru Breitling …The price per barrel right now is like $75 so Iraq doesn’t need to revalue. They simply don’t…that’s how they make their money. 90% of their economy is selling oil and right now they’re kicking butt…The oil prices are going to come down. We have 3 things…we opened up the places we can explore for oil. We have our reserves. And we have Saudi Arabia and Russia to make sure they’re producing more oil…And that’s what it means for Iraq…Once that oil price goes down…for the Iraqi dinar it means everything…Right now we’re watching the market and the market is going to react and it is OPEC, it’s Saudi Arabia, it’s Russia, it’s Trump and his policies... And that’s it. [Post 1 of 2]
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "THE IRAQI PARLIAMENT SUBMITS TO COUNTING AND PARTIAL MANUAL COUNTING AND OFFICIALLY ANNOUNCES THE END OF ITS LIFE" Quote: "IT SEEMS THAT THERE IS A DETERMINATION NOT TO CONDUCT THE COUNTING and counting of the ballot boxes, which means there is a" dangerous and frightening secret "THAT IS DIFFICULT TO REACH”... ...you could not have gotten any better news than this. The parliament has just conceded in that they can no longer carry out their fight against the elections results. So they are done. But will the re-counting still go on beyond Saturdays’ efforts? Yes, they will since parliament already stirred up the bee’s nest and so they must settle it down and conduct some of the recounting to continue on Tuesday. But this will be more of a procedural process and really won’t prove anything. But it will settle down the bees...lol...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
***************
ARTICLE 1-A (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister Dr. Haidar Al-Abadi receives Japanese Ambassador to Iraq Mr. Fumio Iwai on the occasion of the end of his duties
Prime Minister Dr. Haidar Al-Abadi received Japanese Ambassador to Iraq Fumio Iwai on the occasion of the end of his duties.
The Japanese ambassador was bid farewell and valued his role in promoting relations between Baghdad and Tokyo.
During the meeting, they discussed the development of economic relations and the follow-up to the results of the recent visit of the Prime Minister to Japan, including economic cooperation programs, enhancing the participation of the private sector and Japanese companies in reconstruction projects and cooperation in the field of education and facilitating the entry procedures of Japanese companies to Iraq.
Prime Minister 's Media Office
5 July 2018
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ARTICLE 1-B (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister Dr. Haider Abadi receives the Russian Ambassador to Iraq Mr. Maxim Maximov
Prime Minister Dr. Haider Al-Abbadi received in his office Thursday the Russian Ambassador to Iraq Mr. Maxim Maximov.
During the meeting, they discussed the development of political and economic relations between the two countries, discussing developments in the region and the importance of continuing coordination in fighting terrorism.
The Russian ambassador stressed Russia's openness to cooperation in all fields with Iraq.
Prime Minister 's Media Office
5 July 2018
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ARTICLE 2
Tweets posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 7-6-2018, around 6 am Eastern
In Mosul and across Iraq, the @IraqiGovt will continue to invest in building a vibrant industrial sector as a key driver for innovation, job opportunities and growth to benefit all Iraqi
Government of IraqVerified account @IraqiGovt 7-5-2018, around 3:20 pm Eastern
2/2 As of today, the operation led to the destruction of 6 car bombs, 29 Daesh positions, 4 tunnels and disabling 42 explosive devices. The @IraqiGovt will continue to take all necessary measures to safeguard Iraq’s national security and to protect all Iraqi citizens
Government of IraqVerified account @IraqiGovt 7-5-2018 around 3;20 pm Eastern
1/2 Following the kidnapping of some of our citizens, the Joint Operations Command launched a major security operation against Daesh cells in Kirkuk and Diyala.
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ARTICLE 3
Sadr Sadr: Iraq will be run by Iraqi and alliances cross-sectarianism
Najaf - July 6 - Iraq's Shiite leader Moqtada al-Sadr said he would not allow the administration of Iraq from outside the border, apparently referring to the rejection of interference by neighboring countries in the ongoing negotiations to form political alliances in preparation for the announcement of the Iraqi government.
"Iraq will be governed by purely Iraqi national skills and by honest, trans-sectarian alliances," Sadr said in a tweet on Twitter. Finished (1)
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ARTICLE 4
Signed two agreements with Germany to create multiple service projects in the liberated areas within the German loan
BAGHDAD - July 5 - The Iraqi government signed two agreements with the German government to set up service projects under the German loan in liberated areas.
The meeting was preceded by a meeting of the German-Iraqi Steering Committee, chaired by the Secretary-General of the Council of Ministers and German Ambassador Suel Nan, in the presence of a German delegation and the President of the Iraq Reconstruction Fund. Dr. Mustafa Al-Hitti, and Dr. Touhan Al-Mufti, secretary of the High Commission for Coordination between the provinces, discussed the most important items of the two agreements, and projects that can be initiated after signing in order to accelerate the return of displaced persons to their areas of residence.
The agreements are part of the project of the German Development Bank to support the efforts of the Iraqi government in the reconstruction of the liberated areas, as it provides for the allocation of 135 million euros for urgent projects in the rehabilitation of roads, bridges, networks and water stations, and also in the rehabilitation of electricity networks in Nineveh, Anbar and Salahuddin provinces, In Mosul, the establishment of a hospital for the wounded and the disabled as a result of the war on the terrorist organization in Baghdad and two other hospitals in the liberated areas, including a modern modern hospital.
The second stage of the German loan will focus on the allocation of 140 million euros to add new power plants for the Ministry of Electricity, aimed at improving energy levels. End Ah
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ARTICLE 5
Kuwait grants Iraq loan to finance schools project
2018/7/6 0:21
[Ayna-Baghdad]
The Kuwait Fund for Arab Economic Development announced on Thursday that it had granted Iraq a loan of 23.5 million dinars ($ 80 million) as part of its pledges to the Iraq reconstruction conference.
According to Kuwait News Agency (KUNA) today, "the Fund explained in a statement that the loan will fund the project of establishing and equipping 73 schools in 15 Iraqi provinces."
The project aims to support the economic and social development in Iraq by raising the educational and vocational level of students in the primary and secondary levels, and contribute to reducing the phenomenon of school dropout, according to the statement.
Iraq received support of about $ 30 billion from international donors at a conference held in Kuwait last February.
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ARTICLE 6
Recent study: Blood pressure drugs may prevent dementia
2018/7/5 9:47
[Where - Continue]
The British newspaper The Times published an article entitled "Blood pressure medications may prevent dementia."
A recent medical study concluded that "the use of drugs that treat blood pressure disorders may stop the imbalance in blood vessels, which in turn leads to dementia," the paper says.
"The study was conducted on mice, and the researchers were looking at ways in which they could make adjustments to changes or damage to the blood vessels in the brain, which in turn lead to small vascular disease and thus to vascular dementia or dementia," said author Tom Weble. Blood vessels".
Vascular dementia is the second most common type of dementia after Alzheimer's disease, which affects about 40 percent of patients.
He added that the disease is infected when one narrowing the blood vessels and cause brain damage, especially the white layer that protects the neurons. "This type of dementia can be treated more easily than Alzheimer's, which despite the billions of funds that have been earmarked for research, it is not curable," said Anna Williams of the University of Edinburgh.
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