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KDP, PUK to Meet This Week Prior to Talks with Baghdad
ERBIL — The Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) are set to meet on Monday this week. The two major Kurdish political parties will discuss a draft of package for talks in Baghdad over Erbil’s demand pertaining to the future Iraqi government, a source to Kurdistan 24. The sides will also talk about Kurdistan’s parliamentary election with is scheduled for 30 September this year. A joint committee for Baghdad talks is also expected to be formed after the KDP-PUK meeting.
Protesters Set Fire to Iraqi Hezbollah Headquarter
ERBIL — Large number of protesters on Saturday stormed the headquarter of Iraqi Hezbollah in Najaf, setting the office on fire, Arabiya Hadath website said. The attack came hours after angry protesters stormed the office of Najaf governor. Earlier on Friday, demonstrators also entered the city’s airport. On Saturday, media reports said at least one civilian was killed and eight others were injured amid clashes with security forces. Iraq authorities, in hopes of bringing the situation under control, have imposed the three provinces of Basra, Najaf and Karbala under curfew. Social media, including Facebook and Instagram, have also been blocked in the wake of the violent protests.
The closure of the northern port of Umm Qasr in Basra by dozens demonstrators
July 15 2018 12:32 PM
Port of Umm Qasr
Baghdad Post
A security source said on Sunday, the closure of the northern port of Umm Qasr in Basra by dozens of demonstrators.
Demonstrators at the northern port of Umm Qasr continue to close the trucks in front of trucks and prevent the entry and exit of personnel from it," the source said. The demonstrations of the port of Safwan border has been renewed today to demand job opportunities for the unemployed. It is noteworthy that dozens of people from Basra demonstrated, today, near the Majnoon oil field in the province. province of Basra witnessed two days ago mass demonstrations against the government, which developed to storm demonstrators to several government facilities against the lack of services and high unemployment, which prompted the arrival of Prime Minister Haider Abadi, today to find out what happened and find solutions to contain the crisis.
Iraq is putting security forces on alert and alerting after the demonstrations
Iraqi forces guarding an oil field north of Basra after the widening of the demonstrations. AFP
Source: Baghdad - Agencies
Date: 15 July 2018
The area of the Iraqi protests, angry at the poor living conditions and spread to several provinces, while the Iraqi authorities raised the state of security alert, and vowed to deter measures against what they described as engineers.
And renewed demonstrations in Basra at the port of Safwan border with Kuwait, demanding improvement of services, and the creation of jobs.
Dozens gathered in separate demonstrations yesterday morning near the fields of West Qurna and the oil miners in the north of Basra, in addition to a sit-in in front of the port of Umm Qasr in the south of the city, and in front of the governorate building in the center of the city.
The death toll of the demonstrations rose to three on Friday night, after two demonstrators died of their wounds "by indiscriminate firing in the city of Amara," in the southern province of Maysan.
In Babil province, demonstrators stormed offices of my party, Da'wa and Virtue, in the southern city of Qasim.
The demonstrators also cut off major streets in the city of Hilla, the center of the province of Babylon.
Demonstrators in the provinces of Najaf and Maysan burned the headquarters of a number of parties in both provinces to protest the poor living conditions in their areas.
Military intelligence sources and the Iraqi Defense Ministry said the security forces were on alert to deal with protests in southern provinces.
The Iraqi National Security Council held an emergency meeting late last night under the chairmanship of Prime Minister Haider al-Abadi, who accused him of calling the "mundas" to fabricate the violence.
The Council discussed the repercussions of the protests in some areas of Iraq, especially the south, and the accompanying "sabotage by the elements of Mendes," according to a statement of the Council after the meeting.
The Council stressed that the Iraqi authorities "will take all the deterrent measures against these traitors and prosecute them according to the law," adding that "the abuse of security forces, is an abuse of the country and its sovereignty."
The Council expressed its stand «with the right to peaceful demonstration, and the legitimate demands of the demonstrators».
Security sources said the authorities had already sent reinforcements from the anti-terrorism unit and the Ninth Army Division to help protect the oil fields in Basra province, where demonstrators gathered for a sixth day in a row.
Abadi dissolves Najaf airport administration board and launches 3.5 trillion dinars to support services and water desalination in Basra
12:33 - 15/07/2018
Baghdad Mawazine News
Prime Minister Haider Abadi on Saturday issued seven resolutions on the demands of demonstrations in the country, including the dissolution of the Najaf airport administration. An informed source told Mawazine News that "in the light of the continuation of Prime Minister Haid al-Abadi with the citizens and clans and listen to their demands and follow-up ministerial committees, issued seven decisions." "It was decided to launch allocations Basra (3.5) trillion dinars immediately," adding that "it was also decided to use the absolute allocations to desalinate water and dismantle bottlenecks with electricity networks and provide the necessary health services." Iraq put security forces on high alert Saturday as protests continued over weak government services and corruption in southern provinces. Haidar al-Abadi, the prime minister and commander-in-chief of the armed forces, issued the order Friday night in a military directive. Security sources said the authorities had already sent reinforcements from the anti-terrorism unit and the 9th Army Division to help protect the oil fields in Basra province, where demonstrators gathered for a sixth day in a row. Abadi's order came in an attempt to control the growing protests on Friday from Basra, where residents closed the port of Umm Qasr, to the cities of Amara, Nasiriyah and Najaf. Hundreds of protesters stormed the airport on Friday and stopped air traffic in the holy city of Najaf, home to religious shrines. Supreme Leader Ali al-Sistani expressed his solidarity with the protesters and said they faced "a severe lack of public services" such as electricity amidst stifling temperatures. Local security sources said dozens of protesters demonstrated on Saturday at the Safwan border crossing with Kuwait and at the entrance to the Majnoon oil field, one of the largest fields in the country and located 40 km north of Basra, but pointed out that the protesters did not enter the facility. Protesters have gathered in several major oil fields in Basra in recent days. Oil exports from Basra account for more than 95 percent of the revenues of Iraq, a member of the Organization of the Petroleum Exporting Countries (OPEC). Any disruption to production would seriously damage the struggling economy. Oil officials in Basra said protests had not affected crude production. d
2018-07-14T22: 30: 04Z
The Iraqi government announced on Saturday evening that it has taken developmental measures to contain the protests in southern Iraq, after two people were killed by unknown shooting and security was re-imposed, especially in the province of Basra, where the authorities imposed a night curfew.Later, Prime Minister Haider al-Abadi issued a statement on Saturday evening to "expand and accelerate the investment prospects for construction in the housing, schools and services sectors and to launch job grades to absorb the unemployed and to launch financial allocations to the province of Basra at a value of 3.5 trillion dinars immediately (about three billion) ").
Abadi also said that "the launch of allocations to Basra to desalinate water and dismantle bottlenecks in electricity networks and provide the necessary health services." Abadi also ordered the dissolution of the Najaf airport administration board, the day after he was stormed by angry demonstrators. Several areas in southern Iraq witnessed scattered demonstrations in which dozens of people participated. Some of them were violent, especially in the city of Basra, where demonstrators attacked the headquarters of the Badr Organization and tried to burn it, leading to a clash between them and the security forces, wounding at least three demonstrators, A security source told AFP. On the impact, the security authorities in the province of Basra imposed a curfew from 10 pm to 7 am. Internet service has been cut all over Iraq since Saturday afternoon and was still cut off until evening
After closing for hours .. Re-opening the border port of Safwan in front of the commercial movement
2018 11:02
Safwan Center Baghdad Post Iraq news
A security source said Saturday that the security forces reopened the port of Safwan border south of Basra in front of the commercial movement after being closed for hours by demonstrators demanding services.
Angry protesters in Basra closed the main gates of the Safwan border crossing with Kuwait after gathering in front of them to demand job grades for the people of the city.
The administration of the port of Safwan decided to close it until the end of the demonstration and know the demands of the protesters.
Kauaihn Iraq Articles:dd
Iraq Blocks Facebook as Protests Expand
ERBIL — The Iraqi government has imposed a blockade on Facebook across the country in the wake of growing and violent protest in southern provinces. The social media platform, which is the most popular in Iraq, has also been blocked in the Kurdistan Region while it remains safe and away from protests. Iraq’s southern provinces, including Basra, Najaf, Karbala, Misan, Dhi Qar are witnessing widespread protests in which people demand jobs, electricity, water and other public services. It is not clear yet for how long the social media blockade is planned.
Iraq: Three Protest-hit Provinces Placed Under Curfew
ERBIL — The Iraqi authorities imposed curfew on three provinces of Basra, Karbala, and Najaf after the protests turned violent on Saturday. Thousands of protesters across the southern provinces have taken to the streets over the past week, demanding jobs and better public services. On Saturday, clashes between the protesters and security forces were reported from various cities. Dozens of civilians were reportedly injured. In Karbala, protesters stormed the governor’s office. Elsewhere in the Shi’ite holy city of Najaf, one protester was killed and eight others were wounded by direct fire of the Shi’ite militias of Hashd al-Shaabi.
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Today in History My San Antonio Today in History Today is Saturday, July 14, the 195th day of 2018. There are 170 days left in the year. Today's Highlight in History: On July 14, 1933, all German political parties, except the Nazi Party, were outlawed. Read the full story
Morning news briefing from CNN
CNNMorning news briefing from CNN on Sunday, July 14. Read the full story
Here's Why I Plan to Take Social Security at 64
The Motley FoolThere are good reasons to start collecting early and to start late -- here's why I'm aiming closer to the middle. Read the full story
Oprah Winfrey: If I had to start over again, here's what I would do
“It’s the thing that still brings me the greatest joy,” Winfrey says.Read more: https://www.cnbc.com/2018/07/
An Omaha waitress served Warren Buffett for 10 years—here's what she learned from him
Warren Buffett's long-time waitress Ellen Augustine explains what she learned while serving the Oracle of Omaha steaks for a decade.Read more: https://www.cnbc.com/2018/06/
I'm a financial planner — here's why I won't buy a home
Business InsiderBuying a home isn't all about the white picket fence. Buying a home is a big life decision - and you don't need to do it simply because it's what you think you "should" do. Financial planner, Eric Roberge, is happy renting his home because it works for his financial goals and desired lifestyle. Owning a home leaves you vulnerable to unpredictable expenses and distractions that eat away at what's available to invest. With renting, you have an expected, predictable expense from year to year that Read the full story
6 Ways to Make Your Money Work for You
The Motley FoolThe choice is yours: You can grow your money slowly or aim for more rapid growth. Just take some time to learn about your options. Read the full story
A letter from Robert Herjavec on his company’s 15th anniversary – Financial Post
Here's Where You Can Get Free Ice Cream This Weekend
BuzzFeedNational Ice Cream Day is upon us. Read the full story
OIL/COMMODITIES/ENERGY
Gold retreats, on track for lowest settlement in a nearly a year MarketWatch Gold prices fall early Friday, putting the yellow metal on track to book its lowest settlement in about a year, a day after the commodity snapped a two-session skid as concerns about global trade were relegated to the back burner. Read the full story Crude Oil Prices Settle Higher, But Can't Avoid Weekly Slump Amid Rising SupplyInvesting.com Commodities Jul 13, 2018 18:42 GMT Investing.com – WTI crude oil prices settled higher Friday, but posted steep losses for the week, as traders eased bets on a global supply shortage in the wake of resuming crude flows from Libya and expectations the decline in Iranian exports would be less severe than anticipated. On the New York Mercantile Exchange crude futures for August delivery rose 1.00% to settle at $71.01 a barrel, while on London’s Intercontinental Exchange, Brent rose 1.5% to trade at Read the full story US expected to become world's top oil producer next yearABC News The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world's biggest oil producer Read the full story Metals’ slump says the 10-year Treasury yield has room to slide: Moody’s MarketWatch A precipitous drop in industrial metal prices over the past month could be flashing a bullish sign for bonds. Read the full story
BANKS/BANKING/CREDIT
BOA settles with exec who says whistleblowing led to bogus sex harassment claims
New York PostBank of America agreed on Friday to an eight-figure settlement with a former executive, Omeed Malik, after months of fighting claims it made bogus sexual harassment accusations against him to justify his firing, The Post has learned. Malik, who led the bank’s prime brokerage until his January ouster, filed a $100 million arbitration claim against BofA with the Financial Industry Regulatory Authority in April. He is taking a portion of the settlement to invest in his advisory firm, sources say. Read the full story
Bank Earnings: Investors Embrace JPMorgan, Cool on Citigroup, Wells Fargo Despite Some Positives
Barron'sJPMorgan and Citigroup exceed estimates; while Wells Fargo disappoints. Read the full story
Wells Fargo keeps disappointing investors while trying to keep its sales people happy
MarketWatchWells Fargo continued to disappoint investors as earnings and revenue fell below expectations, but it still tried to keep its sales people happy as commissions and incentive pay increased. Read the full story
Credit card super-users take a $330 million bite out of JP Morgan’s revenue
CNBCCredit-card issuers scrambling to sign coveted high-spenders have sparked a rewards war in recent years. Read the full story
Credit card holders at JPMorgan rush to cash in their rewards points
USA TODAYFree-spending credit-card customers at JPMorgan are cashing in reward points at a brisk pace, a good sign for the economy. Read the full story
The best easy, no-fee travel credit card
CNBCA simple, flat-rate travel card that doesn't cost you a thing. Read the full story
'Firing on all cylinders': The CEO of JPMorgan's giant investment bank lauds performance in memo to staff
Business InsiderJamie Dimon's bank posted record earnings results Friday AP Images JPMorgan on Friday announced record first-half revenue for equities trading and advisory fees. Daniel Pinto, head of the corporate and investment bank, lauded the results in a memo to staff this morning. It's amazing what can be done when multiple businesses work together. That was the message from Daniel Pinto, chief of JPMorgan's corporate and investment bank, today in a memo he sent to staff. Earnings results for the second Read the full story
TREASURIES/BONDS/STOCKS
U.S. banks gain from Washington policy changes but trade worries loomReuters Second-quarter earnings reports from three of the biggest U.S. banks on Friday showed the sector is benefiting from policy changes in Washington that have lowered their taxes, boosted interest rates and allowed them to buy back more stock. Read the full story Investors eager to sell off shares of Wall Street's biggest banksNew York Post Smooth sailing isn’t cutting it for Wall Street’s biggest banks. Investors on Friday sold off shares of the largest US banks, even after two financial giants — JPMorgan Chase and Citigroup — reported better-than- expected second-quarter profits. The two banks posted double-digits gains in profits in the period — helped by last year’s tax cut. A third bank, the troubled Wells Fargo, reported profits that fell short of analysts’ expectations. Wall Street appeared spooked by mortgage activity, Read the full story
Citigroup Shares Tumble as Credit-Card Revenue Falls Shy of Estimates
TheStreetCitigroup's profit beat estimates, but investors focused on credit-card revenue that fell short of expectations. Citigroup Inc. (C) shares fell Friday due to concerns about slowing revenue growth in its North American credit-card business, even as the U.S. bank reported a jump in second-quarter profit thanks to the expected windfall from President Donald Trump's tax cuts. Net income rose 16% from a year earlier to $4.49 billion, the New York-based bank said Friday in a statement. Earnings per Read the full story How High Credit Card Spending May Benefit Retail in the Second Quarter Higher credit card debt, reported by JPMorgan and industry trackers, should make retailers cheer. The higher the credit card spending, the better for retailers. That's the drift of the Conference Board's Joseph Minarik. "We will see optimism in the retail sector," Minarik, senior vice president and director or research for the Conference Board's Committee for Economic Development, told TheStreet on Friday, July 13. He said retailers could experience upswings in the second quarter due to more Read the full story
Wells Fargo’s Earnings Show the Bank Still Has a Long Way to Go
The Motley FoolThe bank's numerous scandals are still taking their toll. Read the full story CRYPTO'S / DIGITAL CURRENCY Inc42 Media While the Supreme Court of India is set to hear the cryptocurrency-related plea on July 20, the RBI circular which banned the country’s banks from extending their services to cryptocurrency entities has badly affected the tradings in the country. While all the leading exchanges — Zebpay, Unocoin, BuyUCoin, WazirX, and Koinex — have gone for... Read the full story Coinbase considers adding five new coins to its platform Cryptocurrency exchange Coinbase announces it is considering adding five new tokens to its platform. Read more: https://www.cnbc.com/2018/07/ Coinbase considers adding five new coins to its platform CNBC Cryptocurrency exchange Coinbase announces it is considering adding five new tokens to its platform. Read the full story These five finance experts are still excited about cryptocurrency – here’s why CNBC Bitcoin has had a rough 2018. The bitcoin faithful remains excited about the digital currency, and some experts see the digital currency surpassing its record highs from the end of 2017. Read the full story How Russian intelligence officers used Bitcoin to hack the DNC Axios The Justice Department alleges that the Russian intelligence officers who were indicted today in the Mueller investigation used cryptocurrencies like Bitcoin to purchase and fund their hacking operations. Why it matters: Since its birth in 2009, Bitcoin has been criticized for enabling criminal activities thanks to its anonymity. The online black market Silk Road infamously used Bitcoin to let its customers buy and sell without being identified. How they used Bitcoin: The conspirators used the Read the full story Can cryptocurrencies solve the humanitarian crisis? The Hill The future with cryptocurrency is bright. Read the full story How To Short Sell Bitcoin, And Why More People Aren't Forbes Magazine As the price of cryptocurrencies continues to fall, there is growing interest in the increasing number of ways to bet against Bitcoin. Read the full story Hedge Fund Billionaire Steven Cohen Is Getting into Crypto CoinDesk Billionaire Steven Cohen, once dubbed the "Hedge Fund King," has reportedly invested in a crypto hedge fund. Read the full story
CURRENCIES
Dollar fades from 2-week high tied to trade fears The euro fell to a eight-day low as U.S. inflation numbers boosted interest rate expectations and an easing in trade tensions between the United States and China supported the dollar. Read more: https://www.cnbc.com/2018/07/
Axios China: Trade tension ratchets up — Yuan currency drops — Liu Xia is released to Germany — No vaping on Air China
Axios Happy July 13! I am off next Friday so the next issue will be July 27. Thanks for reading, and if you want a daily and deeper look at China, please check out my daily Sinocism China Newsletter and follow me on Twitter @niubi. China's Ministry of Commerce (MOC) issued a long statement Friday in response to the U.S. Trade Representative Robert Lighthizer's July 10 statement announcing the U.S. would start the process to impose 10% tariffs on $200 billion more of Chinese imports in the next few Read the full story
INSURANCE / HEALTH / SCIENCE
CDC warning on Kellogg's Honey Smacks: "Do not eat this cereal" CBS News A popular Kellogg's cereal has been linked with a salmonella outbreak that has infected 100 people Read the full story
Two-year-old girl dies from powerful flu strain
Daily MailParents across Australia are being urged to vaccinate their children after the powerful strain of influenza claimed the life of Sienna Rose Pereira, a two-year-old girl from Sydney. Read the full story
Mysterious burns on teen's face caused by brush with toxic plant
CNNAlex Childress went to his parents for help with what he thought was a severe sunburn after working outside at his summer landscaping job. Read the full story
FDA joins 22 countries' recall of common heart drug
CNNA common drug used to control blood pressure and help prevent heart failure was announced by the US Food and Drug Administration on Friday, a week after 22 other countries recalled it because the drug contains a chemical that poses a potential cancer risk. Read the full story
Ticks that carry Lyme disease are spreading fast
CBS News"Tick populations have exploded," researchers say – even in counties where they were never seen before Read the full story
Memories Can Be Altered in Mice. Are Humans Next?
National GeographicOngoing experiments that may one day treat a variety of mental conditions have experts debating the promise and the perils. Read the full story
What Is West Nile Virus Exactly–and How Much Should You Worry About It?
Health.comLuckily, less than 1% of people who get the virus from a mosquito develop serious symptoms. Read the full story
Here's how I cured my insomnia by training myself to sleep like a baby
Well+GoodThis simple method cured my insomnia—but can help anyone in a love-hate relationship with their bed. Read the full story
Two Cancer Drugs Found to Boost Aging Immune Systems
GizmodoDrugs that can lengthen life have long been a hallmark of speculative science fiction—many hope for an invention that could extend average lifespans well into the triple digits in the distant future. But the timeline of these drugs could be shorter than we think. A new clinical trial published Wednesday in Science Translational Medicine has found evidence that low doses of two existing drugs can boost the immune system of an elderly person, helping it fight common deadly infections, including Read the full story
Smoking in and near public housing will be banned at the end of July
CNNAt the end of the month, people won't be able to smoke in or near public housing across the country. Read the full story
USA/CANADA
Trump arrives in Scotland for quiet weekend of golf after tumultuous week on world stage NBC News "I have arrived in Scotland and will be at Trump Turnberry for two days of meetings, calls and hopefully, some golf — my primary form of exercise!" the president tweeted on Saturday morning. Read the full story
Democrats — and John McCain — press Trump to cancel Putin summit after Mueller indicts Russians
The Senate minority leader, the vice chair of the Senate Intelligence Committee, and more than a dozen members of the Senate Foreign Relations committee all called on the president to cancel the meeting.Read more: https://www.cnbc.com/2018/07/
Correction: US-China Tariffs-The Latest story
ABC NewsCorrection: US-China Tariffs-The Latest story Read the full story
Fed emphasizes 'solid' U.S economic growth, repeats gradual approach
ReutersThe Federal Reserve on Friday pointed to "solid" U.S. economic growth during the first half of the year in its semi-annual report to Congress, where it also reiterated that it expected to continue to raise interest rates gradually. Read the full story
Canadian soybean farmers find themselves in the 'crossfire' of the escalating US-China trade war
CNBC U.S. soybean prices are near decade lows as a result of the trade war with China, and farmers across the border in Canada are not seeing any upside but that could change later this year. Read the full story
EMERGING MARKETS
Pompeo Arrives In Mexico At A Turbulent Time For Latin America
The National Interest Curt Mills Security, Discussions abound, even among restrainers, of a ramped up U.S. role in the region. Mike Pompeo, secretary of state, is the highest-ranking official yet to meet with Andrés Manuel López Obrador, or AMLO as he is popularly called, the president-elect of Mexico. The secretary arrived Friday in the country, alongside Kirstjen Nielsen, the Homeland Security chief ostensibly charged with building President Trump’s border wall. Pompeo’s arrival comes at a time when AMLO is seen Read the full story
US shouldn't start trade war with Mexico: Ben Stein
Fox NewsEconomist Ben Stein on why the U.S. shouldn't get into a trade war with Mexico. Read the full story
Pompeo travels to Mexico to reset relations with president-elect
CNN PoliticsSecretary of State Mike Pompeo and other top US officials travel to Mexico Friday for talks with the country's president-elect, the first high-level meeting between the Trump administration and the incoming leader amid heightened tensions between the two neighbors. Read the full story
The sleeping giant of the Middle East is stirring, with billions of dollars eyeing it
CNBCKuwait has long been considered one of the least attractive Middle East markets for investors, but plans from index providers to upgrade Kuwait to emerging markets status is boosting stocks. Its oil economy has benefited from crude's rebound, but long term it is in dire need of diversification. Read the full story
MIDDLE EAST
Iraq puts security forces on high alert on sixth day of protests in southern cities Reuters Iraq placed its security forces on high alert on Saturday, in response to ongoing protests in the country's southern provinces over poor government services and corruption. Read the full story
'They have no idea how much danger I'm in'
CNNFor both of Adel and Majhor, reaching the UK was the last stop in their journey to find safety. If their asylum cases fail, they fear they will have nowhere left to go. Read the full story
Protesters storm airport in Iraqi city of Najaf, halting air traffic
ReutersProtesters stormed the airport in the Iraqi city of Najaf on Friday, halting air traffic, a Reuters witness said. Read the full story
Syria Raises Flag as Israel Fires Missile in Latest Violence Where War Began
NewsweekAs the Syrian military retakes the city where a nationwide rebellion was sparked, Israel prepares to enforce the land it seized in 1967. Read the full story
Israeli forces kill Palestinian teenager
TRT WorldIsraeli forces kill Palestinian teenager Read the full story
Israeli air strikes target Hamas military in Gaza
TRT WorldIsraeli air strikes target Hamas military in Gaza Read the full story
Tel Aviv Diary: Is Netanyahu Wise to Put All of Israel's Eggs in the Trump-Putin Basket? | Opinion
NewsweekThey may seem like good bedfellows, but Putin and Trump both pose major problems for Israel's image. Read the full story
Rouhani says U.S. isolated on Iran sanctions, even among allies
ReutersIranian President Hassan Rouhani said on Saturday the United States was more isolated than ever over sanctions against Iran, even among its allies, in remarks carried live on state television. Read the full story AFRICA Why it matters: China is at the center of Kenya's debt crisis Axios Kenya's President Uhuru Kenyatta visits President Xi Jinping in Beijing. China now owns more 72% of Kenya's foreign debt, Quartz's Abdi Latif Dahir reports. Why it matters: Kenya is one example of China's larger strategy to win influence across the world. Beijing accrues massive amounts of a smaller, poorer country's external debt by offering funding for infrastructure projects, then leverages that debt for influence in trade, domestic politics and beyond. By the numbers: Kenya owes China $5.3 Read the full story Saudi Arabia to power up South Africa's energy sector with multi-billion dollar investment CNBC The pledge was made during South African President Cyril Ramaphosa’s state visit to Saudi Arabia this week, where he met with Crown Prince Mohammed bin Salman. Read the full story Post-Mugabe Zimbabwe set to frustrate eager investors Source HARARE, July 13 - A European investor’s phone rings in a Harare restaurant and it’s good news: an $80 million construction deal has been agreed with the Zimbabwean government. All that’s needed now is a central bank guarantee letter. It never arrives. President Emmerson Mnangagwa, who took power when Robert Mugabe was removed in a... Read the full story
ASIA
China floods wreak havoc, block roads and railways; more rain due Reuters Heavy rain and thunderstorms are wreaking havoc across China, with floods along major rivers destroying bridges, blocking roads and railways and forcing thousands of residents to evacuate, state media reported on Saturday. Read the full story
As China goes increasingly cashless, PBOC says cash payment is still alive
South China Morning PostThe banking regulator reminds businesses to accept cash payments even as mobile payment transactions reached a record US$12.8 trillion Read the full story
EU pushes China to speed up process of opening markets to agricultural products
South China Morning PostBoth Brussels and Beijing hope for progress in latest summit as China seeks allies in US trade war Read the full story
We need more subs, says Taiwan, as it aims to bolster its naval defences in face of Beijing’s increasing belligerence
South China Morning PostSelf-ruled island’s ‘top priority’ is to build its own submarine fleet as it looks to counter mainland China’s aggressive stance Read the full story
EUROPE
Why a soft Brexit could hurt a US-UK trade partnership Fox Business British Parliament member Kate Hoey discusses President Trump's criticism of Theresa May. Read the full story
Huge protests in London as Donald Trump visits U.K., meets Queen Elizabeth II
CBS NewsThousands demonstrate against Trump's policies and leadership as bright orange balloons depicting him as a baby take flight Read the full story
Trump says he wants May as a friend, not an enemy
POLITICOThe president had blasted the British prime minister in an interview published Thursday. Read the full story
Trump eases up on May and Brexit: ‘Whatever you do is OK with me’
POLITICOThe president backed off his criticism about British Prime Minister Theresa May’s compromise approach to the United Kingdom’s withdrawal from the European Union. Read the full story
France’s foreign minister: Europe will not be ‘destabilized’ by Trump
The HillFrance's foreign minister slammed President Trump on Friday over his criticism of the European Union, vowing that the EU would not be "destabilized" by Trump's rhetoric. Read the full story d
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/ CBI appears closed No update yet
The CBI for Sunday 7/15/18 did update on the indicative rates Sell Rate 1190
The currency auction is
There is one news and announcements for sunday 7/15/18
The CBI for Sunday 7/15/18 did update on the indicative rates Sell Rate 1190
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:
7-15-2018 Newshound Guru Kaperoni I wouldn't look for a resolution in this election matter anytime soon. Maliki is now threatening a civil war if he's not the new prime minister and all of the political blocks are against him having participation in any way. Reading the news today it clearly implies it's going to get worse before it gets better. The protest, riots, and large amounts of corruption including this recent statement that the State of Law the most corrupt political bloc in Iraq this isn't going to get resolved soon. And unfortunately all of this chaos which includes Iran's economic failure, the protest are going to have a substantial effect on monetary policy including the spread. It is now highly likely that over the next several weeks Iraq will fall out of compliance if this escalates. The internet in Iraq has been shut down in an attempt to minimize any kind of escalation in these protests.
7-14-2018 Intel Guru Frank26 IMO...WE ARE AT THE POINT WHERE EVEN...AN OPINION...IS NOW NO LONGER WISE.7-14-2018 Newshound/Intel Guru Mnt Goat ...Iraq has completed 7 out of the 9 provinces they must perform the e-counting of ballots. The remaining 2 are expected to begin on Saturday. This is just about at the mid July mark, as I told you way back in early May and again and again in June that mid July would be the best timeframe and earliest timeframe to begin to think about any reinstatement of the dinar happening. We are not there yet and this is moving really close to this timeframe.
7-14-2018 Newshound Guru Adam Montana PM Abadi is a major component to the government, and YES - Abadi is still the Prime Minister, despite early reports that the votes were swinging against him. How long that will hold is anyone's guess right now, but for the time being he IS the acting Prime Minister, and here's what he's doing according to his Twitter feed:
8 hours ago: Abadi in Basra meeting with security commanders. 5 hours ago: Abadi meeting with Asaad Al-Idani (Basra Governor) 5 hours ago: Abadi meeting with Director-General of South Electric Distribution Company 3 hours ago: Abadi meeting with Director-General of Basra Oil Company 1 hour ago: Abadi meets with tribal/community leaders in Basra. ...There's a reason why I highlighted where Abadi was 3 hours ago...Who knows where Basra is and why it's important? I'm getting reports that HCL is closer than the recent "news" is letting on. [Twitter times are off due to posting times] 7-14-2018 Newshound Guru Breitling The price of oil went from 74 to 70 today. I might have changed. No one needs to revalue today. But they are going to have to. And that’s the language that they’re using. So very remarkable. Some very interesting stuff…90% of what Iraq makes is from oil. It’s coming down. It’s going to revalue. The market will change…Iraq is going to have to add value to their currency. Remember it’s artificially low. They want open access to their currency. That’s their goal. That’s what they want to do. And they’ll get there.
7-14-2018 Newshound/Intel Guru Mnt Goat The news now is all about the re-counting of the ballot results from the May 12th elections. ...Yes, yet another intentional act to delay the progress of the country. Why are they doing this? Many of these gurus will tell you it is orchestrated by Nori al-Maliki and his gang to stall for time, hoping to delay the results long enough so he can put together his own majority coalition. I agree with this notion but be assured it is not going to work for him and is now only backfiring on him, as the citizens will surely find out who orchestrated this fiasco in the future and who stalled the formation of the govt. This will happen when the re-counting results show no significant changes. ...So this is a very dangerous tightrope Maliki is now walking but I think he has been out maneuvered and is losing his leverage by Sadr.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website)
PM Abadi's website is "down" on both the Arabic and English sides and has been in that position since late Friday evening...hence, no news can be reported from this source at this time.
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ARTICLE 2-A
Tweet posted on PM Abadi's twitter:
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ARTICLE 2-B
Tweet posted on Government of Iraq twitter account:
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ARTICLE 3
URGENT An emergency meeting of the National Security Council headed by Abadi
2018/7/14 0:45
[Ayna-Baghdad]
The Ministerial Council for National Security is currently holding an emergency meeting under the chairmanship of the Prime Minister and Commander-in-Chief of the Armed Forces Haider Al-Abadi to discuss the security situation.
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Sunday, July 15, 2018
WOTS Sunday 7/15/18
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