WOTS Monday 7/30/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,164.2000 | 1,164.2000 | 1,164.2000 | | 20:00 |
| USD/VND | | | 22,824.7000 | 22,824.7000 | 22,824.7000 | | 20:00 |
| USD/CNY | | | 6.8387 | 6.8037 | 6.8037 | | 06:49 |
| USD/KWD | | | 0.3023 | 0.3016 | 0.3023 | | 06:49 |
| GBP/USD | | | 1.3136 | 1.3097 | 1.3109 | | 06:50 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,444.0000 | 14,377.5000 | 14,411.0000 | | 06:50 |
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DC NY Iraq Articles:dd
Barzani discussed with Kosrat Messenger of the provincial parliament elections and the results of the Iraqi elections
Baghdad Post 30/07/2018 01:02:27 pm Iraq news
Prime Minister of Kurdistan Region, Najirvan Barzani discussed in Sulaymaniyah with the First Deputy Secretary General of the Patriotic Union of Kurdistan Kusrat the messenger of the provincial parliament elections and the results of the Iraqi elections.
During the meeting, which was attended by a number of members of the Political Bureau of the National Union, the two sides stressed the need to send a joint Kurdish team to Baghdad and participate in the elections of Kurdistan in a democratic spirit. They also discussed the political situation in the Kurdistan region and Iraq and discussed the joint understandings as solutions to the political situation.
Ur company signed a contract to equip electricity for Baghdad with a value of 780 million dinars
Politics, security and economy Monday, July 30 2018 - 01:34 PM
The General Manager of the General Company of Engineering Industries in the province of Dhi Qar Haidar Sahar on Monday signed a contract with the electricity distribution company in the province of Baghdad worth 780 million Iraqi dinars, including the processing of cables and wires of different air within ten days.
The General Manager of the General Company of Engineering Industries in the province of Dhi Qar Haidar Sahar on Monday signed a contract with the electricity distribution company in the province of Baghdad worth 780 million Iraqi dinars, including the processing of cables and wires of different air within ten days.
He said that the department is keen to expand its contracts with the departments of the Ministry of Electricity after converting them into public companies and granting them broad powers, which contributed to strengthening this cooperation.
Foreign oil workers to be reduced in Iraq
30/07/2018 5:10 AM admin
Baghdad/ Iraq TradeLink: Following the continued protests in Iraq, the government took manydecisions to provide more work opportunities, including reducing foreign workers in Iraq.Most of the foreign workers are found in oil companies working in the country.Iraqi oil minister Jabbar al-Lu’aibi stressed that the ministry will minimize the foreign workers in most of the oil foreign companies to less that 16% in order to provide work opportunities for the people in southern Basra province.He pointed that a meeting was held with one of the oil companies to discuss this point, but confirmed that the foreign companies may keep their technical staff.According to official statistics the unemployment in Iraq reached to 10.8%, but the real figures of unemployment are not known.
Baghdad/ Iraq TradeLink: The Central Bank of Iraq disclosed that Iraqi expenditures within 12 years,In a statement, the bank pointed that 156 billion dollars were the amounts for governmental imports.It added that the year 2003 was the highest in governmental expenditures.On the other hand, the bank reported that during the years 2005-2017, Iraqi finance ministry received 706.23 billion dollars, where 703.11 billion dollars were spent by the government.
The report contained detailed information on the expenditures.
A legal expert blows up a surprise about the dismissal of the Minister of Electricity Qassim Fahdawi
The legal expert Tariq Harb, that the withdrawal of the Minister of Electricity Qassim Fahdawi, is a suspension of the functions of the Minister, does not mean dismissal.
War" in a press statement, that "the authority of Abadi to take this decision, but also has the right to dismiss the Minister of Electricity or any minister in the government."
The removal of any minister in the government needs the approval of the House of Representatives to implement, but the minister, who ousted Abbadi remains suspended until the House of Representatives vote on it."
Prime Minister Haider al-Abadi ordered earlier to withdraw the hand of electricity minister Qassem al-Fahdawi. ht
ISIS attack Iraq’s desperate electricity infrastructure sabotaged
July 30 2018 01:10 AM
ISIS terrorists continue to target Iraq’s electricity plant stations and power transmission lines as the country suffers from a power shortage, Kurdistan 24 reported.
In a statement on Sunday, the Iraqi Ministry of Electricity said “terrorist groups” detonated a power station southeast of Kirkuk, causing power shortages in parts of Kirkuk province.
It added that “terrorist groups” also blew up three transmission lines in the Brima, al-Multaqa, and al-Khzaifi areas of Kirkuk’s Hawija district, cutting electricity supply to the region.
According to the Ministry statement, this is the eighth attack on the country’s energy infrastructure.
The Ministry has exhausted its capacity and potential and now finds it difficult to restore services as its stores are running out of equipment to renovate the destroyed power stations and transmission lines, the statement revealed.
The Ministry called on security forces to track criminals who aim to hurt the Iraqi people.
Meanwhile, on Saturday, another transmission line in Baghdad was sabotaged by armed men, causing a power shortage in the Iraqi capital’s al-Rasafa area, the Ministry of Electricity said.
In a statement on Sunday, the Iraqi Ministry of Electricity said “terrorist groups” detonated a power station southeast of Kirkuk, causing power shortages in parts of Kirkuk province.
It added that “terrorist groups” also blew up three transmission lines in the Brima, al-Multaqa, and al-Khzaifi areas of Kirkuk’s Hawija district, cutting electricity supply to the region.
According to the Ministry statement, this is the eighth attack on the country’s energy infrastructure.
The Ministry has exhausted its capacity and potential and now finds it difficult to restore services as its stores are running out of equipment to renovate the destroyed power stations and transmission lines, the statement revealed.
The Ministry called on security forces to track criminals who aim to hurt the Iraqi people.
Meanwhile, on Saturday, another transmission line in Baghdad was sabotaged by armed men, causing a power shortage in the Iraqi capital’s al-Rasafa area, the Ministry of Electricity said.
Kauaihn Iraq Articles:ddddddd
Maliki to a political delegation from Anbar: the largest bloc project is making its way with great force
Iraq News Now
Monday July 30, 2018
Baghdad / Al-Ghad Press:
The head of a coalition of state law, Nuri al-Maliki, to a political delegation from Anbar, on Sunday, the draft bloc is the biggest way hard, calling for joint action to achieve the objectives of concern for all citizens.
The head of a coalition of state law, Nuri al-Maliki received, in his official office this evening a political delegation comprising the winners of the Anbar province headed by Mohammed Halbusi, and during the meeting to discuss the latest political and security situation In the country, as well as discuss the post-process of counting and manual sorting and validation of election results.
"The draft of the largest bloc is making its way clearly and strongly, and all those who believe in the formation of a coalition of the majority are invited to participate," he said.
He called on all parties to "work together to achieve the goals that concern all citizens, such as the return of displaced and displaced people, the reconstruction of cities, solving the problem of unemployment, raising the level of services, the completion of a government program through a national political majority project and a strong government that addresses crises and obstacles.
For his part, the delegation "welcomed the steps to form the largest bloc, and its readiness to be an essential part of it to facilitate the process of forming the government as soon as possible."
Maliki is heading to Kuwait on July 30, 2018
30-07-2018 01:40 PM
Baghdad News -
Deputy Prime Minister Nuri al-Maliki on Monday visited Kuwait on an official visit.
The media office said in a statement that the Vice President of the Republic Nuri Kamal al-Maliki went today, to Kuwait on a one-day official visit.
The statement added that 'Maliki meets with a number of officials, headed by the Amir of Kuwait Sabah al-Ahmad, in order to consolidate brotherly relations and achieve common interests in the interest of the two brotherly peoples.'
New Generation president calls for investment by Japanese companies in Kurdistan
Iraq, July 30, 2018
New Generation President Shaswar Abdulwahid called on the Japanese consul-general in Erbil, Katsumi Moriyasu, to encourage his country’s companies to invest in the Kurdistan Region and Iraq.
The Japanese consul-general met with Abdulwahid during a visit to the New Generation headquarters in Sulaimani on Sunday (July 29), according to a statement issued by the Movement.
Katsumi congratulated New Generation on its success in May’s Iraqi parliamentary election, the statement read.
He also said they were closely observing the Movement’s projects and actions. He added that New Generation has drawn the attention of his government in the short period since its establishment.
The Movement’s president, for his part, thanked the government of Japan for funding and promoting infrastructure and service development in the Kurdistan Region.
He also called on the consul-general to encourage his country’s companies to continue to invest in the Kurdistan Region and Iraq in the fields of agriculture, manufacturing, and infrastructure, as well as training local people in industries in which Japanese expertise is well known.
“Beyond job opportunities for the people of the Kurdistan Region, such projects will also benefit both countries’ economies,” Abdulwahid said.
Iraq Immediate Stabilisation Programming, FY17-18
Iraq, July 30, 2018
The Iraq Governance and Security and Justice Programmes are key in delivering the UK’s mission to support the Iraqi Government and people as they build a stable, prosperous and democratic nation.
Working with the Government of Iraq, the UN Mine Action Service (UNMAS) and the UNDP, CSSF funding has helped to rebuild essential infrastructure in areas liberated from Daesh, and cleared it of explosive hazards, enabling over 3.6m people to return home and access basic services, including healthcare, education, water and electricity.
CSSF support to the UNDP-led Funding Facility for Stabilisation, a multi-donor pooled fund, has helped deliver over 1,500 stabilisation projects restoring services and essential infrastructure in liberated areas. UNDP has staff deployed across Iraq, including embedded stabilisation advisors in 10 municipalities to support project planning.
The programme has provided cash for work for both men and women, and stimulated local business through reconstruction contracts. Over 15,000 residents earned a wage whilst restoring their homes and city.
Inclusion is critical to the stabilisation effort—and women have been recruited as engineers, social workers and in local councils. In total over 2,000 jobs and more than 1,000 small business grants have been created for women, and over 1,000 vulnerable women and female headed households have benefitted from cash for work programmes.
As well as the ‘pooled’ Funding Facility for Stabilisation projects, CSSF funding has specifically paid for the rehabilitation of a water plant serving over 300,000 people in Mosul and repaired over 2,000 homes in the city.
In Mosul the UNMAS demining programme has facilitated the removal of more than 585,000 explosive hazards, helping to enable the return of nearly 1 million people. Clearance locations include Al Khansa Hospital in Mosul and four schools in Al Qayarra, helping 1,286 children return to school.
Minister of Electricity, the first victims of Sistani's warning
Boost exacerbates the electricity crisis in Iraq by targeting facilities
Monday, 30 July 2018 AD Issue Number [14489]
Qassem Al-Fahdawi
Baghdad: Hamza Mustafa
Two days after the warning of the highest Shiite cleric in Iraq from the delay in forming the new government and warned of the consequences of breaking promises made to the government's outgoing protesters, Prime Minister Haider Abadi to "withdraw the hand" Minister of Electricity Qassem Fahdawi to become the first senior official punished after the warning Shiite .
Abadi's move appeared to be an attempt to encircle the crisis of demonstrations and popular protests, which are about to complete their first month, and to score a goal in the range of his opponents who have rejected the specifications set by Sistani in his Friday sermon for the next prime minister to be "strong, firm and courageous".
While the decision of Abbadi seemed consistent with the desire of the public in the accountability of senior officials, the delay of such a step 4 years full is likely to open, as observers and politicians see, a door is difficult to close to say that the failure in the electricity file was not born of this summer and all summer seasons Both during the era of the Abbadi government, which ended last June, its lifespan, or the 15 years of change in Iraq after 2003 and the overthrow of Saddam Hussein's regime.
For his part, called the Minister of Electricity «hand drawn», Qasim Fahdawi, in a statement «Middle East» to «conduct a comprehensive and transparent investigation of the reasons that led to the deterioration of the electricity service». Al-Fahdawi welcomed Abadi's decision, saying that "this is a natural procedure presented by the prime minister as a natural administrative procedure, and we will cooperate with everyone who tries to reach the truth."
Meanwhile, the German news agency quoted an Iraqi security source as saying yesterday that elements of «Da'ash» blew up a power station and blew up a power transmission line west of Kirkuk province, which would exacerbate the electricity crisis in the country.
Basra oil announced 370 jobs for the sons of Zubayr
Monday, July 30 2018 - 1:38 AM
The Basra Oil Company announced on Monday the availability of 370 jobs for the people of Zubayr district west of the province.
The company said in a statement received by al-Marbid that these opportunities were obtained with the secondary contracting companies of Al-Zubayr field, and with different terms of reference, indicating that this opportunity will be sent on Wednesday in the form of detailed lists to the office of the sub-operation in the judicial district, after obtaining the approval of the governor in this regard.
The statement said that the company seeks to provide other jobs in the rest of the fields to cover the possible applications of areas and cities of Basra.
The local administration of al-Zubayr district, west of Basra, announced to al-Marbad on 26 July 2018 that the Office of the Judiciary's Office had received more than 24,000 special forms for the employment of the unemployed among the 10,000 jobs announced by the ministerial committee.
Zimbabwe election: polls open in first vote since Mugabe's removal
July 30 2018 11:39 AM
Polls have opened in Zimbabwe’s first election since the removal of its former president Robert Mugabe, a watershed vote that will determine the former British colony’s future for decades.
The election pits the 75-year-old president, Emmerson Mnangagwa, a longtime Mugabe ally, against 40-year-old Nelson Chamisa, a lawyer and pastor who is vying to become Zimbabwe’s youngest head of state.
Voting began at 7am (0500 GMT) on Monday and will end at 7pm.
About 5.5 million people are registered to vote in the nation anxious for change after decades of economic paralysis and the nearly four-decade rule of the 94-year-old Mugabe. Long lines of voters were waiting outside some polling stations.
Voting began at 7am (0500 GMT) on Monday and will end at 7pm.
About 5.5 million people are registered to vote in the nation anxious for change after decades of economic paralysis and the nearly four-decade rule of the 94-year-old Mugabe. Long lines of voters were waiting outside some polling stations.
“I just have to do this. I have to see a better Zimbabwe for my kids. Things have been tough,” Tawanda Petru, 28, an unemployed man voting in Mbare, a low-income district of the capital Harare, said.
“I’m excited, I’m voting for the first time,” said Tawanda Mudondo, 18, who sells phone chargers on the street corner. “I just want a government that will create jobs. I passed my exams but could not go to university. Our economy is trashed.”
In an astonishing intervention on Sunday, Mugabe said he would not vote for his former party Zanu-PF or the current president. Zimbabwe’s generals shocked the world last year when they seized control and ushered Mnangagwa to power after Mugabe allegedly tried to position his wife Grace to be his successor.
“I’m excited, I’m voting for the first time,” said Tawanda Mudondo, 18, who sells phone chargers on the street corner. “I just want a government that will create jobs. I passed my exams but could not go to university. Our economy is trashed.”
In an astonishing intervention on Sunday, Mugabe said he would not vote for his former party Zanu-PF or the current president. Zimbabwe’s generals shocked the world last year when they seized control and ushered Mnangagwa to power after Mugabe allegedly tried to position his wife Grace to be his successor.
In his first major statement since being ousted by the military last November, Mugabe told reporters in Harare he would be voting for the Movement for Democratic Change (MDC), the country’s biggest opposition party, and its candidate Chamisa.
“I cannot vote for the party or those in power who caused me to be in this condition. I cannot vote for them, I can’t,” Mugabe said at a hastily called, chaotic press conference in the garden of his sprawling home. “[Chamisa] seems to be doing well at his rallies … I wish to meet him if he wins. Whoever wins, we wish him well … And let us accept the verdict.”
Polls give Mnangagwa, a dour former spy chief and aide of Mugabe known as “the Crocodile” for his reputation for ruthless cunning, a slim lead over Chamisa, a brilliant if sometimes wayward orator. If no candidate wins more than half the votes there will be a runoff on 8 September.
“I cannot vote for the party or those in power who caused me to be in this condition. I cannot vote for them, I can’t,” Mugabe said at a hastily called, chaotic press conference in the garden of his sprawling home. “[Chamisa] seems to be doing well at his rallies … I wish to meet him if he wins. Whoever wins, we wish him well … And let us accept the verdict.”
Polls give Mnangagwa, a dour former spy chief and aide of Mugabe known as “the Crocodile” for his reputation for ruthless cunning, a slim lead over Chamisa, a brilliant if sometimes wayward orator. If no candidate wins more than half the votes there will be a runoff on 8 September.
A rally on Saturday was supposedly the climax of the Zanu-PF campaign – but it cannot have reassured party strategists. Even with the considerable organisational power of the party fully deployed, the stadium was far from full, applause was desultory, and hundreds were pouring through the exits before the president’s speech was over.
The opposition is confident of victory. At a noisy rally last week in Chitungwiza, a satellite town of Harare, Chamisa told supporters the stakes were high. The “elderly” Mnangagwa should step aside for a new generation and a new style of politics, Chamisa told the Observer as he came down from the podium. “Zimbabwe does not need a big man,” he said – a reference to the autocrats across Africa who rule for decades – but “a big idea”.
The opposition is confident of victory. At a noisy rally last week in Chitungwiza, a satellite town of Harare, Chamisa told supporters the stakes were high. The “elderly” Mnangagwa should step aside for a new generation and a new style of politics, Chamisa told the Observer as he came down from the podium. “Zimbabwe does not need a big man,” he said – a reference to the autocrats across Africa who rule for decades – but “a big idea”.
The desire for change is understandable. Zimbabwe’s economy is shattered; its infrastructure in deep disrepair. The country has enormous debts, soaring unemployment, massive poverty and no working currency of its own. Most of the population have only ever known Zanu-PF in charge.
But Chamisa has his flaws: a series of spectacular pledges, such as bringing the Olympics and the World Cup to Zimbabwe, or a 600km/h bullet train, have prompted derision, while early gaffes prompted outrage. In one interview, Chamisa said he would offer his 18-year-old sister to Mnangagwa in marriage if Zanu-PF won 5% in a free election.
Zimbabwe’s rulers know that a fraudulent poll would block the country’s reintegration into the international community and deny them the huge bailout package needed to avoid economic meltdown.
“This is a critical moment in Zimbabwe’s democratic journey,” said Ellen Johnson Sirleaf, the former Liberian president and a leader of one of the international observer missions.
Zimbabwe’s rulers know that a fraudulent poll would block the country’s reintegration into the international community and deny them the huge bailout package needed to avoid economic meltdown.
“This is a critical moment in Zimbabwe’s democratic journey,” said Ellen Johnson Sirleaf, the former Liberian president and a leader of one of the international observer missions.
“The elections today provide an opportunity to break with the past,” Sirleaf said at a polling station in a school in Harare. “The lines and voter enthusiasm we are seeing this morning must be matched by an accurate count and their choice must be honoured.”
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GLOBAL/NEWS/INFO
Today in History
ABC News
ABC News
Today in History Read the full story
Opinion: How 3 words can stop what's stealing your joy: Instead of staying stuck in comparing and competing
Fox News
Fox News
So, yeah, this kid? Read the full story
These are the top 10 travel destinations on earth, according to 100,000 young people
CNBC
From Tulum to Bali, these are the top destinations voted by millennial travelers for Earth media. Read the full story
Which Major Carrier Offers the Cheapest Unlimited Plan?
The Motley Fool
First you have to determine how each one defines "unlimited." Read the full story
Morning news briefing from CNN
CNN
Morning news briefing from CNN on Sunday, July 29. Read the full story
OIL/COMMODITIES/ENERGY
Iran plans launch of national cryptocurrency to ditch dollar in oil trade
RT
RT
Tehran is seeking ways to bypass looming US sanctions by launching a cryptocurrency that would help the Islamic Republic trade oil without using the dollar. Read Full Article at RT.com Read the full story
Trump Administration Proposes Auto Plan That Would Increase Fuel Use by 500,000 Barrels a Day
TIME
The plan says it would reduce 'societal costs' by roughly half a trillion dollars Read the full story
Crude Oil Prices - Weekly Outlook: July 30 - Aug. 3
Investing.com
© Reuters. U.S. oil prices suffer 4th weekly decline in a row amid oversupply worries Read the full story
Gold / Silver / Copper Prices - Weekly Outlook: July 30 - Aug. 3
Investing.com
© Reuters. Federal Reserve meeting, U.S. jobs report in focus Read the full story
Russia’s gold reserves approaching Stalin-era record, cutting dependence on US dollar
RT
With 2,000 tons of gold in reserves, Russia’s bullion holdings are approaching the Soviet peak seen in 1941. Moscow is striving for financial independence and escape from US dollar hegemony, analysts told RT. Read Full Article at RT.com Read the full story
BANKS/BANKING/CREDIT
Bank of Japan, caught between Trump and a hard place, must also confront ghosts of its past
South China Morning Post
South China Morning Post
Sunday, 29 July 2018, 11:30:AM The Bank of Japan won’t shock global markets this week, no matter what rabid speculation you read in the financial pages. To understand why, let’s play a game of back to the future. Our first stop is 1994, when Yasuo Matsushita became the 27th BOJ governor. Matsushita, who died July 20 at 92, was at ground zero of the same “deflationary mindset” that the incumbent governor Haruhiko Kuroda is still struggling to defeat. Matsushita arrived four years after the 1980s Read the full story
Chase Cards CEO on the coveted Sapphire Reserve card and working with Jamie Dimon
Business Insider
Jennifer Piepszak, CEO of Chase Card Services, sat down with Business Insider's Sara Silverstein to discuss the credit card business and how it is changing. She also talks about her path to CEO of Chase Cards after nearly 25 years at JPMorgan Chase. Following is a transcript of the video. Sara Silverstein : So what are you most excited about for the future of Chase Cards? Jennifer Piepszak : Well, there's lots of things I'm excited about. In fact this year, we just launched nine new products. So Read the full story
Deutsche Bank Said to Be Cutting Staff in Chicago in U.S. Retreat
FORTUNE
FORTUNE
Deutsche Bank's logo is seen on July 25, 2018. Deutsche Bank AG is cutting dozens of employees and consolidating space at its Chicago office as part of a broader plan to shrink U.S. operations, according to people briefed on the matter. The German lender’s Chicago office — which houses units including front-office trading, operations and treasury — will be reducing headcount, said the people, who asked not to be identified discussing personnel matters. Some operations staff are being offered the Read the full story
Bank Leumi agrees to sell credit card unit to Warburg Pincus
Reuters
Israel's Bank Leumi said on Saturday it had agreed to sell its 80 percent stake in credit card unit Leumi Card to U.S. private equity firm Warburg Pincus in a deal valuing the company at 2.5 billion shekels ($685 million). Read the full story
6 Tips To Repay Your Student Loans Faster
Forbes Magazine
Don't let these loans keep you up at night. 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
Economy, Dollar, Trade Key To US Stocks' Global Edge
International Business Times
NEW YORK - The ability of the U.S. stock market to keep an edge this year over equities elsewhere in the world hinges on the United States maintaining its economic and earnings growth advantage, the strength of the dollar and how global trade tensions resolve, investors said. Spurred by fiscal policy benefits including a corporate tax cut, the U.S. economy’s standout momentum relative to other regions has underpinned Wall Street’s advantage this year, investors said. “The outperformance of U.S. Read the full story
Message to Millennials: Now Is the Time to Start Investing
TheStreet
Millennials need to get started with investing. Here are several tips on how they can kick their investing into high gear. Millennials represent many extremes in American society. On the one hand, many stand to benefit from one of the largest generational transfers of wealth in history, while on the other many still struggle from being dealt perhaps the worst economic hand in recent history. This last point is the result of a killer combination: Most millennials began their professional careers Read the full story
Understanding Trade Deficits
National Review
Why trade deficits are not a sign of economic trouble, and trade surpluses are not necessarily a sign of economic health. Read the full story
CRYPTO'S / DIGITAL CURRENCYHere come the cryptocurrency robo-advisors
Yahoo Finance
Yahoo Finance
New Wave Capital, which calls itself the first "crypto robo-advisor," is just one of many new options for easily investing in a portfolio of cryptocurrencies. Read the full story
Crypto Is Booming.
But Where Are The Women?
Forbes Magazine Women have a chance to lead and win in the growing crypto industry. Read the full story
SEC Sinks Winkelvoss Twins' Bitcoin ETF Over Fears of Price Manipulation
FORTUNE
The Securities and Exchange Commission rejected on Thursday a bid by the Winklevoss twins to create an exchange traded product for Bitcoin, citing the potential for market manipulation and a lack of liquidity. The SEC’s 3-1 decision came after the Winklevoss twins asked the agency to revisit its earlier rejection of the ETF in March of 2017, and was based in part on comments from the public. Unlike the earlier ruling, which caused the price of Bitcoin to plummet, the decision appears to have had Read the full story
CURRENCIES
Iran woos local investors as U.S. sanctions loom, currency falls
Reuters
Reuters
Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported on Saturday, as the country faces likely U.S. sanctions and the exit of many foreign companies. Read the full story
Forex - Weekly Outlook: July 30 - Aug. 3
Investing.com
© Reuters. U.S. jobs data, Federal Reserve meeting in focus Read the full story
Iran's currency in free fall as American sanctions loom
ABC News
Iranian currency continuing downward spiral as increased American sanctions loom Read the full story
INSURANCE / HEALTH / SCIENCE
This is how much longer you'll live if you exercise regularly
Daily Mail
Daily Mail
The Australian results found that people who did more than 5000 metabolic equivalent minutes each week were twice as likely to avoid stroke, heart disease, angina, cancer and diabetes. Read the full story
New Ebola species is reported for first time in a decade
PBS NewsHour
The family of Ebola viruses has just gotten a bit bigger. The government of Sierra Leone has announced that a new species of Ebola, the sixth, has been discovered there in bats. Read the full story
From Suspicious Rashes To Headaches, These Are The Early Signs Of Lyme Disease
Romper
I was born and raised in Maine, so the threat of mosquitos and ticks has always been a part of my life. The smell of bug spray reminds me of summer, and I check for ticks in every crevice all summer long as a force of habit. But what is new is the… Read the full story
USA/CANADA
US ports are on the front line of Trump's trade war – and they're bracing for higher China tariffs
As the White House threatens to impose higher duties on $200 billion of Chinese goods, port managers are bracing for the prospect of canceled shipments and lost jobs.
Read more: https://www.cnbc.com/2018/07/
Trump is reportedly thinking about making a rare move to try and lower gas prices — but history shows it might actually make things worse
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. President Donald Trump is reportedly considering tapping emergency oil reserves ahead of the November midterm elections. But some analysts doubt a release would be effective. They see it as a way to shift the conversation away from Trump's decision to withdraw the US from the Iran deal. Read the full story
Millions of Californians are poor, and they don't always live where you'd expect
Los Angeles Times
California’s greatest contradiction is almost Dickensian: In a state often cited as home to scores of billionaires, almost 4 in every 10 residents Read the full story
EMERGING MARKETS
Puerto Rico’s territorial status is at the center of its challenges
PBS NewsHour
PBS NewsHour
Hurricane Maria exacerbated many of the difficulties that Puerto Rico was already facing, including a long-running debt crisis, unemployment and housing shortage. NewsHour Weekend’s Ivette Feliciano, who has been reporting on Puerto Rico, joins Hari Sreenivasan to explain why many of those issues are rooted in the island’s status as a U.S. territory and what that means for its future. Read the full story
Hundreds still without power in Puerto Rico as power outages continue
PBS NewsHour
When Hurricane Maria reached Puerto Rico last year, the island was already facing austerity measures in the wake of a debt crisis. Since then, $3.8 billion has been spent to strengthen the power grid but 260 customers still have no electricity, and during Tropical Storm Beryl in July, 47,000 people lost electricity. The Associated Press’ Dánica Coto joins Hari Sreenivasan for more. Read the full story
Colombian ambassador: New administration will find 'promising' relations with US
The Hill
Reyes said Colombia has remained the closest U.S. ally in the Americas because of a calculated bipartisan approach to Beltway diplomacy. Read the full story
Trade spat with Mexico speeds U.S. decline as global wheat supplier
Business Insider
FILE PHOTO: An early crop of wheat is seen in the spring in the Central Valley in Davis Thomson Reuters By Karl Plume and David Alire Garcia CHICAGO/MEXICO CITY (Reuters) - Mexican bread, pasta and flour-tortilla makers are seeking alternative suppliers of wheat to reduce their dependence on the United States as trade relations between the two neighbors deteriorate. Mexico, the top importer of U.S. wheat, is increasingly turning to cheaper supplies from Russia, which surpassed the United States Read the full story
MIDDLE EAST
Iraq sacks five local election officials on corruption charges
Reuters
Reuters
Iraqi Prime Minister Haider al-Abadi sacked five local election officials on Saturday on charges of corruption during the May 12 parliamentary election, a spokesman for the Independent High Elections Commission (IHEC) said. Read the full story
Iraq coalition talks still under way amid election recount
Aljazeera
Negotiations are still under way to form a governing coalition in Iraq. No party won a majority during May's national election, and the result is not yet confirmed, because a manual recount was called over allegations of vote rigging. The parties trying to lead Iraq have major differences in their attitudes towards the United States and Iran. But the big winner in Iraq's contested election is expected to be Shia leader Muqtada al-Sadr, who confidently expects his party to lead the next Read the full story
Iraqi PM suspends electricity minister over poor service
ABC News
Iraq's prime minister suspends electricity minister over power crisis, poor service Read the full story
Erdogan: Turkey will stand its ground faced with U.S. sanctions - media
Reuters
Turkish President Tayyip Erdogan said Turkey will stand its ground after U.S. President Donald Trump threatened to slap sanctions on Ankara if it does not free an American pastor, broadcaster Haberturk reported on Sunday. Read the full story
UAE, India eye $20bn benefits from AI
Mubasher
Abu Dhabi – Mubasher: The UAE and India have signed an agreement to cooperate in artificial intelligence (AI) field to secure $20 billion benefits within the next decade. Under the agreement, both countries will collaborate with technology … Read the full story
14% Rise in Iran’s Non-Oil Exports despite US Pressures
IFP News
The Islamic Republic of Iran Customs Administration (IRICA) has released details of the country’s foreign trade, which show during the first four months of current Iranian year the value of Iran’s non-oil exports has risen by over $30 billion. Read the full story
AFRICA
Africa: Non-Members in Africa to Gain From Brics Bank
AllAfrica
AllAfrica
Africa is eagerly waiting for the BRICS summit -- bringing together Brazil, Russia, India, China and South Africa -- to endorse a proposal to allow non-members to gain access to the $50 billion New Development Bank for infrastructure and development loans. This comes barely a year after the New Development Bank opened its first regional office, the Africa Regional Centre, in Johannesburg to identify and prepare projects to strengthen the bank's footprints throughout Africa. "These first ever Read the full story
Recovery or stagnation? Zimbabwe holds pivotal vote Monday
ABC News
ABC News
Recovery or stagnation? Zimbabwe holds pivotal vote Monday as it tries to leave Mugabe behind Read the full story
Mugabe's Gone, But Zimbabwe Still Has A Serious Cash ShortagNPR The lack of hard currency is a severe problem for the southern African nation. Read the full story
ASIA
Xi Jinping’s trip to Africa cements continent’s growing ties to China, and Beijing’s loans
South China Morning Post
South China Morning Post
Worries that the ambitious push for belt and road projects will leave African nations saddled with debt Read the full story
Hong Kong’s industrialists are moving out of mainland China to safer havens in Sino-US trade war
South China Morning Post
Malaysia, Vietnam and lower-cost economies in Southeast Asia are the new home for many Hong Kong manufacturers Read the full story
China’s stocks regulator sets legal framework to expel firms that pollute, or make fake vaccines
South China Morning Post
Companies involved in fraud, disclosure violations or whose actions harm public health, national or ecological security, will be expelled from the stock market Read the full story
Shenzhen’s growth is poised for another leap into warp speed as the Greater Bay Area kicks off
South China Morning Post
Sunday, 29 July 2018, 2:00:PM It seems that Beijing’s plan to create the Greater Bay Area in Guangdong province is arriving not a moment too soon. Not only is it one of the biggest new economic ideas to erupt in China since Deng Xiaoping seeded the Special Economic Zones (SEZs) across southern China in the early 1980s, it is going to be big for Hong Kong. But that is not today’s story, for above all else, it will be big for Shenzhen. Shenzhen’s extraordinary 21st Century growth story is unique. Read the full story
EUROPE
France Ready to Work with Iran on Syria Peace: Macron’s Envoy
IFP News
IFP News
Francois Senemaud, the French president’s special envoy on Syria, has hailed Tehran’s role in restoration of peace to Syria, saying that his country is fully prepared to cooperate with Iran in political settlement of the conflict in the Arab country. Read the full story
Italy's interior minister says EU trying to 'swindle' Britain: Sunday Times
Reuters
Italy's far-right interior minister, Matteo Salvini, has accused the European Union of trying to cheat Britain out of the Brexit it voted for, according to extracts from a newspaper interview published late on Saturday. Read the full story
Germany says U.S.-Europe trade tensions ease, questions remain on soy
Reuters
The trade relationship between the United States and Europe is improving, German Agriculture Minister Julia Kloeckner said on Saturday, but there is no guarantee the bloc will buy the quantity of soybeans that Washington expects. Read the full story
Merkel's conservatives hit 12-year low in German poll
Business Insider
Opening of the Bayreuth Wagner Festival in Bayreuth Thomson Reuters BERLIN (Reuters) - Support for German Chancellor Angela Merkel's conservative bloc, trying to move beyond a bitter dispute over migrant policy that threatened the coalition, has fallen to its lowest level since 2006, a poll showed on Sunday. The Emnid poll published in Bild am Sonntag showed Merkel's Christian Democrats and their sister party, Bavaria's Christian Social Union (CSU), down one percentage point at 29 percent. That Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
The CBI for Monday 7/30/18 did update on the indicative rates Sell Rate 1190
The currency auction is 187,605,683
There are 2 news and announcements for Monday 7/30/18
1. Contractors Receivables Table (Shiite Waqf)
Receivables contractors schedule (Shiite endowment).
July 30, 2018
Receivables contractors schedule (Shiite endowment).
July 30, 2018
2. ((Press release)) The Central Bank of Iraq is a match for Iraq's foreign revenues for the years 2005-2017
The Central Bank of Iraq is equivalent to foreign revenues for Iraq for the years 2005-2017.
July 30, 2018
The Central Bank of Iraq is equivalent to foreign revenues for Iraq for the years 2005-2017.
July 30, 2018
The CBI for Monday 7/30/18 did update on the indicative rates Sell Rate 1190
Value Traded
953,553,245
Shares Traded
1,458,199,285
ISX ended in Red
Kauaihn Chatter:
http://www.dinarguru.com/
7-30-2018 Newshound Guru chattels Article quote: "Former Iraqi Prime Minister Nouri al-Maliki’s wealth is estimated at $50 billion, the US magazine Forbes said. The magazine has published the list of world’s ten wealthiest men in the world in 2015 with Maliki occupying the fifth place... former head of council of representatives Osama al-Nujaifi reserved the 10th place with $44 billion followed by Ayad Alawi who owns $35 billion." What happened to "Where did you get this?"
7-29-2018 Newshound Guru MilitiaMan Article: "The absence of small monetary categories is detrimental to the stability of the local economy" Quote: "Central Bank has equipped the Rafidain Bank and Rashid Banknotes and small groups to pay within the salaries of employees, and the bank to sort out the damaged and compensated with new papers..." This is now getting very interesting... They are telling us they have an issue with not having 250s, 500s and 1000s... Dried em up off the streets, now they are providing the new to the Rafidain and Rasheed. Sure smells like they populated the banks with new paper (new currency)...imo.
7-29-2018 Newshound Guru MilitiaMan Article: "The absence of small monetary categories is detrimental to the stability of the local economy" Quote: "Central Bank has equipped the Rafidain Bank and Rashid Banknotes and small groups to pay within the salaries of employees, and the bank to sort out the damaged and compensated with new papers..." This is now getting very interesting... They are telling us they have an issue with not having 250s, 500s and 1000s... Dried em up off the streets, now they are providing the new to the Rafidain and Rasheed. Sure smells like they populated the banks with new paper (new currency)...imo.
7-29-2018 Newshound/Intel Guru Mnt Goat Article: "SELF-SUSTAINING EFFORTS TO MAINTAIN THE STABILITY OF THE EXCHANGE RATE AND RECOVERY OF THE IRAQI DINAR IN THE MOST DIFFICULT POLITICAL, SECURITY AND ECONOMIC CONDITIONS" ...They are telling us the performance of the CBI through their recent crisis. We also know just recently that Alak received an award for the best managed Central Bank. Are they trying to tell us something with these two recent articles on the dinar and its stability?
7-29-2018 Newshound Guru ChrisC ...I no longer believe this is about Iraq. They could have counted the votes ten times by now if they were using their fingers and toes. I will say though that I personally believe whatever is being done is for our good. I believe in Trump and I know he wants this to be a win for everybody, but especially us. ...I believe they will resolve it soon.
7-29-2018 Newshound Guru ChrisC ...I no longer believe this is about Iraq. They could have counted the votes ten times by now if they were using their fingers and toes. I will say though that I personally believe whatever is being done is for our good. I believe in Trump and I know he wants this to be a win for everybody, but especially us. ...I believe they will resolve it soon.
7-29-2018 Newshound Guru chattels [Im wondering if this slow election counting... is not on purpose for something else.] Historically manual vote recounts in Iraq have taken 30 days and the formation of a government about 90 days. Much of this is arguably business or politics as usual in Iraq. The protests are not unusual either although more violent and widespread this time.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not on English side)
Prime Minister Dr. Haider Al-Abbadi: Our ears are attentive and hearts are open to fulfill the demands of citizens
Prime Minister Dr. Haider Al-Abbadi stressed the importance of uniting efforts to maintain security and provide services, noting that our ears are attentive and hearts open to fulfill the demands of citizens.
This came during the reception of the sovereignty and the dignitaries and tribes and people of Wasit province and the local government in the presence of members of the Committee on Services and Reconstruction in the provinces, where he welcomed the sovereignty Bahali Wasit, which made sacrifices with other provinces for the sake of Iraq.
"Security is an important part of advancing the country and providing services," he said. "Our forces are still pursuing the remaining pockets of terrorism. Our intelligence efforts have developed significantly and we are working to eradicate the ideology of terrorism and its corrupt ideology."
Dr. Abadi said that the work of the government is for the service of citizens and we are working to provide employment opportunities that are much broader than the grades, indicating that
We have an economic renaissance after we achieved victory in the war against gangs that support terror and go to reconstruction and construction.
He warned of the attempt of corruptists ride the wave, indicating that these holders of glamorous slogans and must cooperate to reveal them.
In the light of the meeting, Prime Minister Dr. Haider Al-Abadi addressed the following:
1. Take the necessary measures to ensure the completion of the Essaouira sewerage project and follow-up work by the Ministry of Construction, Municipalities and Municipalities and the operations room of the Provincial Reconstruction and Services Committee, and then proceed with the procedures of completion and complete the related municipal deficiencies.
2 - cover the financial expenses required by the completion of the streets, especially in the district of Essaouira and district district.
3 - Implementation of the second corridor of the street Essaouira - Hilla.
4 - disbursement of compensation owners of poultry fields affected by bird flu.
5 - To conduct an immediate inspection of the distribution of ration card materials, both in terms of the number of materials and quantities during the year or in terms of cost that the citizen works contrary to the amount specified by the Ministry of Commerce.
6 - Securing the quota of electricity to the areas of the province, including the agricultural areas to ensure irrigation as the real need to maintain agriculture.
7. The Ministry of Finance shall ensure the necessary allocations in the district to rehabilitate or improve the infrastructure, including the municipal services and completion of the carrier line in the district district.
8 - Provide an adequate number of transformer stations K132 to improve electricity in different districts.
9 - Improve the health situation in the regions and priorities in line with the immediate needs with the study of the expansion of Fayrouz Hospital in the district district and complete the Turkish hospital in Kut and work to provide health supplies, and the appropriate number of doctors and health professionals.
10 - Work on the establishment of the stadium sports district.
11. Work on the operation and rehabilitation of suspended factories to improve the living conditions in the governorate areas.
12 - To conduct an immediate check of the need of school buildings and completion of buildings, where the completion rate to high rates and improve the educational reality in all areas of the province.
13- Launching the appointments in Wasit Governorate according to the movement of the owners and guaranteeing their distribution to the provinces and areas of the governorate. The Ministry of Finance shall provide the necessary allocations. The Ministry of Labor and Social Affairs, the Ministry of Industry and other entities possessing productive and service facilities shall provide employment opportunities for the operation of the people of the governorate.
14- Supporting the agricultural sector, both vegetative and animal, and the relevant authorities take effective measures in this direction.
15 - Utilization of vacant grades in the movement of owners to confirm the contracts that were previously in the electricity sector.
16 - Completion of the distribution of residential lands that have completed their transactions and allocation of different segments.
17 - completion of the project of water Kut Grand.
18. Rescheduling the debts, loans and benefits of farmers' loans due to water scarcity or other factors.
Prime Minister 's Media Office
29 July 2018
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ARTICLE 2-A
Tweet posted on PM Abadi's twitter account:
Haider Al-AbadiVerified account @HaiderAlAbadi 7-29-20218, around 3:45 am Eastern: PM Al-Abadi orders the suspension of the Electricity Minister due to poor performance of the sector.
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ARTICLE 2-B
Tweets posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 7-30-2018, around 6 am Eastern
The @IraqiGovt in partnership with Iraq’s private sector is creating an investment-friendly business environment, and laying the foundations for a diverse & fair economy that serves the needs of all Iraqis
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ARTICLE 3
Jubouri is discussing with McGrawk the formation of the next government and the file of reconstruction
2018/7/29 20:22
[Ayna-Baghdad]
The President of the House of Representatives discussed with the envoy of US President for International Alliance Affairs, Brett McGurk, the formation of the next government and the file of reconstruction.
"Al-Jubouri discussed during his meeting at his office in Baghdad on Sunday, the security and political developments in the Iraqi scene and the strengthening of cooperation between the two countries and at all levels," a statement from his office said.
"The two sides also discussed ways to enhance joint cooperation between Iraq and the United States of America, especially the anti-terrorism file and the economic and investment fields," he added.
"The meeting also dealt with the efforts of the political blocs and their understandings to form the next government and its role in reaching a unified vision on the shape of the new government cab and the achievement of aspirations and aspirations of the Iraqi people.
He pointed out that "the two sides discussed the file of reconstruction and international and Arab support for Iraq in the file of reconstruction and investment, as well as intensify coordination between Baghdad and the United States of America on the file of the eradication of terrorism, praising at the same time the efforts of the United States of America in support of Iraq and at all levels.
"The United States continues to support Iraq in its fight against terrorism and supports all efforts aimed at activating regional and international economic cooperation," McGork said.
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ARTICLE 4
Sources for "Baghdad Post": Mohamed Tamim, the most prominent candidate for the presidency of parliament
July 30, 2018 9:51
Political sources told "Baghdad Post", that the leader of the coalition of forces, Mohamed Tamim is the most prominent candidate for the presidency of the next parliament.
The sources pointed out that all other candidates do not have the specifications owned by Tamim.
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ARTICLE 5
UNHCR denies bringing polling stations from Kirkuk to Baghdad
2018/7/30 12:28 • 6 times read
[Ayna-Baghdad]
The Electoral Commission denied what some of the media and social networking sites have covered from statements about bringing polling stations from the province of Kirkuk to the counting and sorting centers in Baghdad.
"No decision has been taken in this regard by the Board of Commissioners of the assigned judges and the work is going on progressively regarding the manual counting and counting of the centers and stations of Baghdad / Karkh, Bansiaba and Hama, As well as the centers and stations that have been decided on the election abroad. "
He pointed out that "the results will be announced the end of the re-counting and sorting after completing all the centers and stations that received complaints and appeals in all provinces, including stations and stations abroad."
Jabr called on "the media to be careful in the dissemination of information and take it from its official source, thanking the continued cooperation with media organizations based on the correct information received from the official source of the Commission."
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ARTICLE 6
Central Bank: Iraq has spent $ 703 billion since 2005
2018/7/30 10:18
[Ayna-Baghdad]
The Central Bank of Iraq announced its preparation to match the foreign revenues of Iraq for the years 2005-2017.
"Since 2003 until recently, the Iraqi economy has witnessed a significant increase in oil resources, accompanied by the rise in international oil prices. Public budget figures have reached high amounts over the past years," the bank said in a statement.
"On the basis of this, there is a lot of debate among specialists and non-specialists about these large dollar revenues and what size and how they were disposed of and the doors of spending, we hear from time to time shaded data based on inaccurate information that harm the reputation of Iraq."
He pointed out that "In order to remove the suspicions and confusion that prevails in this matter, the Central Bank of Iraq as the State Bank and its financial adviser and responsible for the management of the accounts of the Ministry of Foreign Finance to accomplish important work shows the volume of real foreign revenues received by Iraq by preparing a matching of the receipts of Iraqi governments of foreign currency And spending sections for the period from 2005 to 2017. "
The Central Bank said that "the total amount of receipts of the Ministry of Finance from foreign currency, during the years 2005-2017, nearly 706.23 billion US dollars, and the amount of which spent $ 703.11 billion, or 99.5% of the total revenue, and the remaining as at 31/12/2008, 2017 role to the opening balance for the Ministry of Finance at the beginning of 2018.
He pointed out that "this spending is distributed on different doors, the most important of which is the monetary appropriation, which is the Ministry of Finance spend in the general budget, which during the years 2005-2017 amounted to nearly 488.6 billion dollars, or 69.5% of total spending, followed by the Iraqi government revenues for the same period and Through the Iraqi Trade Bank [TBI] $ 156.9 billion, 22.3% of the total expenditure, and then the expenses of the payment of the contractors of oil service contracts and military payments of $ 41.5 billion, or 5.9% of the total expenditure, the remainder, which is 2.3% Of total expenditure has been made to repay debt payments
He pointed out that "the year 2012 is the highest year in terms of revenue with a total revenue of $ 106.23 billion, and 2013 is the highest year in terms of spending, the total expenditure amounted to about 97.45 billion dollars."
The total revenue for the period 2005-2013 grew by 21.7%, compared with 5.4% for the years 2014-2017. Total expenditure grew by 24.3% for the period 2005-2013 and a negative rate of 9.1% for the period 2014-2017. .
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