WOTS Thursday 7/19/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,165.1000 | 1,165.1000 | 1,165.1000 | | 20:00 |
| USD/VND | | | 23,016.5000 | 22,661.3000 | 22,661.3000 | | 04:15 |
| USD/CNY | | | 6.7800 | 6.7144 | 6.7171 | | 05:59 |
| USD/KWD | | | 0.3026 | 0.3019 | 0.3025 | | 05:24 |
| GBP/USD | | | 1.3082 | 1.2986 | 1.3077 | | 05:59 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,511.5000 | 14,388.0000 | 14,476.9000 | | 05:59 |
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DC NY Iraq Articles:dd
Mr. Ammar al-Hakim to the leaders of the blocs: the next phase needs a majority national government and the end of quotas
Release date: 2018/7/18 21:41 • 143 times read
(Baghdad: al-Furat News) The head of the National Alliance, Mr. Ammar al-Hakim, on Wednesday, that the next phase needs a government of a national majority and the end of quotas.
A statement by the Office of the President of the National Alliance, said that Mr. Ammar al-Hakim, "participated in the meeting of leaders of the political blocs held in the office of President Fuad Masum."
The statement quoted Mr. Ammar al-Hakim, saying that "the meeting discussed the challenges of the Iraqi situation of the demands of the demonstrators and the results of counting and sorting the hand and the course of ongoing consultations to form a government."
The head of the National Alliance, on the "importance of removing Iraq from its current crises," calling for "everyone to assume its responsibilities towards the Iraqi people and achieve their aspirations and aspirations."
He pointed out that "the need for the next phase of the government of the national majority and end the state of quotas," noting that "the meeting stressed the need to adhere to and accept the results issued by the Electoral Commission after the counting and manual counting."
He explained that "the meeting also reviewed the demands of the demonstrators and the need to form more than a crisis cell in the provinces and ministries to follow up the demands and stand on their implementation."
The statement quoted Mr. Ammar al-Hakim, saying that "the meeting discussed the challenges of the Iraqi situation of the demands of the demonstrators and the results of counting and sorting the hand and the course of ongoing consultations to form a government."
The head of the National Alliance, on the "importance of removing Iraq from its current crises," calling for "everyone to assume its responsibilities towards the Iraqi people and achieve their aspirations and aspirations."
He pointed out that "the need for the next phase of the government of the national majority and end the state of quotas," noting that "the meeting stressed the need to adhere to and accept the results issued by the Electoral Commission after the counting and manual counting."
He explained that "the meeting also reviewed the demands of the demonstrators and the need to form more than a crisis cell in the provinces and ministries to follow up the demands and stand on their implementation."
Masoum and the leaders of the blocs confirm the acceptance of the results of the elections and abide by the time of the parliamentary session
2018/7/18 21:33 (Baghdad: Al Furat News)
President Fuad Masum and leaders of the political blocs during their meeting on Wednesday, to accept the final results of the parliamentary elections after ratification.
A presidential statement, received by the agency {Euphrates News}, a copy of it, "a meeting was held in Baghdad this evening, the leaders of the political blocs at the invitation of President Fuad Masum, during which a discussion centered and comprehensive on recent demonstrations and the latest developments of the political process as the announcement of the results of counting And manual counting by the Board of Commissioners judges in the Independent Electoral Commission. "
He explained that the meeting was "in view of the urgent need to unify the efforts of all national political forces to move towards achieving the stable, dignified and prosperous life of our people and the need to protect our federal democratic system and the sovereignty, unity and independence of our country and to stop any return to terrorism. To promote national unity and civil peace and provide the vital conditions necessary to complete the construction of state institutions and the implementation of reconstruction plans and the return of displaced persons and support economic development and fight corruption.
"The meeting decided unanimously: The participants stressed that the peaceful demonstrations demanding rights and the provision of services guaranteed by the Constitution to citizens who claim legitimate rights to provide services and employment opportunities and improve the living and service situation, and stressed their support for the government to take measures and decisions to ensure the demands of the demonstrators.
He added, "At the same time was emphasized respect for the law and security and prevent riots and vandalism and preservation of public and private property, and support the actions of security forces to address the aggressors and engineers seeking to exploit the demonstrations," pointing to "full and firm commitment to the Constitution and decisions of the Federal Court."
He pointed out that "the approval of all political entities and parliamentary blocs combined to accept the final results of the elections the House of Representatives for its fourth session, which took place on 12/5/2018, if approved by the Federal Court officially with the call to speed up the completion of counting and sorting."
He stressed the "commitment of all parliamentary blocs to respect the constitutional timing of the next parliamentary session to ensure the election of the presidency of the House of Representatives, the election of the President in preparation for the commissioning of the largest bloc candidate to form a government during the period provided by the Constitution."
The meeting stressed the need to work towards achieving constructive understandings between all blocs to expedite the completion of the current high national tasks and to adopt the basic directions of the next government program and all the requirements of the next stage, which guarantees the development of the state administration and its institutions.
A presidential statement, received by the agency {Euphrates News}, a copy of it, "a meeting was held in Baghdad this evening, the leaders of the political blocs at the invitation of President Fuad Masum, during which a discussion centered and comprehensive on recent demonstrations and the latest developments of the political process as the announcement of the results of counting And manual counting by the Board of Commissioners judges in the Independent Electoral Commission. "
He explained that the meeting was "in view of the urgent need to unify the efforts of all national political forces to move towards achieving the stable, dignified and prosperous life of our people and the need to protect our federal democratic system and the sovereignty, unity and independence of our country and to stop any return to terrorism. To promote national unity and civil peace and provide the vital conditions necessary to complete the construction of state institutions and the implementation of reconstruction plans and the return of displaced persons and support economic development and fight corruption.
"The meeting decided unanimously: The participants stressed that the peaceful demonstrations demanding rights and the provision of services guaranteed by the Constitution to citizens who claim legitimate rights to provide services and employment opportunities and improve the living and service situation, and stressed their support for the government to take measures and decisions to ensure the demands of the demonstrators.
He added, "At the same time was emphasized respect for the law and security and prevent riots and vandalism and preservation of public and private property, and support the actions of security forces to address the aggressors and engineers seeking to exploit the demonstrations," pointing to "full and firm commitment to the Constitution and decisions of the Federal Court."
He pointed out that "the approval of all political entities and parliamentary blocs combined to accept the final results of the elections the House of Representatives for its fourth session, which took place on 12/5/2018, if approved by the Federal Court officially with the call to speed up the completion of counting and sorting."
He stressed the "commitment of all parliamentary blocs to respect the constitutional timing of the next parliamentary session to ensure the election of the presidency of the House of Representatives, the election of the President in preparation for the commissioning of the largest bloc candidate to form a government during the period provided by the Constitution."
The meeting stressed the need to work towards achieving constructive understandings between all blocs to expedite the completion of the current high national tasks and to adopt the basic directions of the next government program and all the requirements of the next stage, which guarantees the development of the state administration and its institutions.
Iraq Boosting Crude Exports at Fastest Pace
https://financialtribune.com/
Iraq exported oil at the fastest pace since late 2016 during the first half of July, indicating OPEC’s second-largest producer is pumping more after the group eased production limits.
Crude shipments during the first two weeks of the month were 4.05 million bpd, the highest since November 2016, according to tanker tracking and port agent data compiled by Bloomberg.
That is 6% higher than the daily average of exports for all of June. Preliminary tanker tracking data are subject to change because shipments can be delayed and the average for a full month can be higher or lower. The Organization of Petroleum Exporting Countries and allied producers agreed last month to ease production cuts to ensure sufficient supply to markets, starting in July.
Saudi Arabia, the world’s largest exporter, and Russia said OPEC and partners would increase output by about 1 million bpd. They had been curtailing output since the start of 2017 to help curb a global glut.
Brent crude recovered from below $30 per barrel in 2016 to $80.50 per barrel in May this year. Iraq sold 3.84 million bpd of crude on average in June and pumped 4.5 million bpd that month, according to data compiled by Bloomberg. That would indicate domestic refinery demand of about 650,000 bpd.
If Iraq maintains exports at the same level for all of July and domestic crude use remains consistent with June, the country would pump about 4.7 million bpd in July. That would be the highest monthly production ever, according to data compiled by Bloomberg.
Iraqi Oil Ministry Spokesman Asim Jihad said the country was committed to the output limit set by OPEC when asked about the country’s production level. Iraq’s output was capped at 4.35 million bpd under the 2016 deal.
While the country has exceeded that level every month since the start of the OPEC deal, Bloomberg data show, the group’s decision to raise output has called the country-level quotas into question because some members are unable to pump as much as they agreed.
"Iraq’s production is probably closer to 4.8 million bpd currently," said Jaafar Altaie, managing director of consultant Manaar Group in Abu Dhabi.
Thursday, July 19, 2018
Crude shipments during the first two weeks of the month were 4.05 million bpd, the highest since November 2016, according to tanker tracking and port agent data compiled by Bloomberg.
That is 6% higher than the daily average of exports for all of June. Preliminary tanker tracking data are subject to change because shipments can be delayed and the average for a full month can be higher or lower. The Organization of Petroleum Exporting Countries and allied producers agreed last month to ease production cuts to ensure sufficient supply to markets, starting in July.
Saudi Arabia, the world’s largest exporter, and Russia said OPEC and partners would increase output by about 1 million bpd. They had been curtailing output since the start of 2017 to help curb a global glut.
Brent crude recovered from below $30 per barrel in 2016 to $80.50 per barrel in May this year. Iraq sold 3.84 million bpd of crude on average in June and pumped 4.5 million bpd that month, according to data compiled by Bloomberg. That would indicate domestic refinery demand of about 650,000 bpd.
If Iraq maintains exports at the same level for all of July and domestic crude use remains consistent with June, the country would pump about 4.7 million bpd in July. That would be the highest monthly production ever, according to data compiled by Bloomberg.
Iraqi Oil Ministry Spokesman Asim Jihad said the country was committed to the output limit set by OPEC when asked about the country’s production level. Iraq’s output was capped at 4.35 million bpd under the 2016 deal.
While the country has exceeded that level every month since the start of the OPEC deal, Bloomberg data show, the group’s decision to raise output has called the country-level quotas into question because some members are unable to pump as much as they agreed.
"Iraq’s production is probably closer to 4.8 million bpd currently," said Jaafar Altaie, managing director of consultant Manaar Group in Abu Dhabi.
US Criticises Baghdad for Overlooking Hashd al-Shaabi’s Child Recruitment
ERBIL — The US State Department has criticised the Iraqi government for not investigating the reports of Hashd al-Shaabi’s recruitment of children and using them as soldiers.
Since 2015, sources continue to report that PMF units recruit, use, and provide military training to children. An expert in Baghdad assessed that the rate of such recruitment and use of children did not change in 2017. Civil society organizations and local contacts reported in 2017 that posters commemorating minors who died while fighting for Shia militias were commonplace in Shia-majority areas of Baghdad and throughout southern Iraq,” State Department’s Trafficking in Persons Report 2018 said.
According to the PMF official, social media site and posters in the street in mid-2017, the PMF offered military training courses to children and youth ages 15-25.”
The report criticises the Iraqi government for failing to hold the responsible sides accountable.
The government did not hold anyone criminally accountable despite several years of such allegations.”
Series of Blasts Hit Kirkuk
ERBIL — The Kurdish city of Kirkuk, currently under the control of Iraqi forces, was hit by a series of explosions on Wednesday evening.
Kirkuk police spokesperson Afrasyaw Kamil confirmed the report to BasNews and said no further details are available so far as investigations are yet to conclude.However, BasNews has learned from local sources that at least four explosions occurred in different locations of Kirkuk.
Two blasts were heard on Kirkuk-Baghdad highway while the other two were reported from Quds and Hisabat districts.There are unconfirmed reports of casualties, but officials have not yet made any statement on the number of killed or injured people.
Kauaihn Iraq Articles:dd
Iraqi delegation postponed his visit to Saudi Arabia to discuss the supply of electricity to his country
19/07/2018
BAGHDAD (Reuters) - The high-level Iraqi delegation postponed its scheduled visit to the Saudi city of Jeddah to a further notice after it was scheduled to go to discuss the possibility of supplying the country with electricity.
Al-Quds Al-Arabi learned from a senior source within the delegation that "all the members of the delegation received the official visa to enter Saudi Arabia," noting that «all the arrangements for the visit were completed, but we were surprised that it was for one day only, and this time is not enough to discuss all the files and arrange the delegation's papers» .
According to the source, who preferred not to be identified, the postponement of the visit to another notice, comes to «extend its time longer than one day», in addition to «the order of the Iraqi delegation all files in an integrated manner, in preparation for the launch in Jeddah».
He added: «Iraq will see great openness to Saudi Arabia in all sectors, after Iran closed its doors to Iraq in the file to provide us with electric power», pointing out that «Saudi Arabia opened its arms to Iraq at this sensitive time, and expressed its willingness to provide support and all files» . According to the source, "the Saudi side told Iraq that it is ready to influence its partners and allies in the region, such as Turkey, to solve their problems with Iraq, such as the water file and others."
Iraqi Planning Minister Salman al-Jumaili, head of the Iraqi side of the Iraqi-Saudi Council, was to head a high-level delegation to Jeddah, Saudi Arabia.
Al-Jumaili said in a statement that the delegation's visit comes at the behest of Prime Minister Haider al-Abadi, adding that "the delegation includes the ministers of oil, Abdul-Jabbar al-Allaibi, electricity Qassim al-Fahdawi, transport Kazem al-Hamami and a number of general managers In a number of ministries ».
He added that «the delegation will discuss with the Saudi side a number of issues and important files in the framework of the Iraqi Coordination Council Saudi», pointing out that «the energy file, which includes electricity and fuel will be one of the most important files to be discussed with the Saudi side».
The delegation will also discuss other issues related to «activating the air, sea and land transport between the two countries».
Iran decided to stop exporting electricity to Iraq about four weeks ago, at the height of the summer, on the back of problems related to the transfer of Iraq to the amounts due to Tehran. Iraq produces 15.7 thousand megawatts of electricity, and imports from Iran 1200 megawatts, while needs 23 thousand megawatts to ensure non-interruption of electricity for Iraqis, and the result is 12 hours a day representing the rate of power cuts for the Iraqi provincesIraqi Electricity Minister Qassem Al-Fahdawi (pictured) said yesterday that his country has failed to convince Iran to resume supplying Iraq with electricity.
Last Friday, Al-Fahdawi along with an Iraqi delegation arrived in Tehran where they held talks with Iranian officials to resume supplying Iraq with 1,000 megawatts of electricity, which Tehran cut off about two weeks ago due to the accumulation of debts owed by Baghdad.
Al-Fahdawi explained in a statement received by Anadolu News Agency that his ministry “has put [forward] an alternative plan to importing electricity from Iran”.
Iraq has been importing electricity from Iran for many years after their power infrastructure was destroyed by decades of war and blockade.
According to figures released by the Iraqi Ministry of Electricity in August, last year the country produces 15,700 megawatts of electricity, however it needs more than 23,000 megawatts of electricity to meet its population needs.
The power outage caused by the Iranian move contributed to fueling violent protests in the southern Iraq provinces which led to at least five people being killed and 190 wounded after security forces fired on protesters.
Al-Quds Al-Arabi learned from a senior source within the delegation that "all the members of the delegation received the official visa to enter Saudi Arabia," noting that «all the arrangements for the visit were completed, but we were surprised that it was for one day only, and this time is not enough to discuss all the files and arrange the delegation's papers» .
According to the source, who preferred not to be identified, the postponement of the visit to another notice, comes to «extend its time longer than one day», in addition to «the order of the Iraqi delegation all files in an integrated manner, in preparation for the launch in Jeddah».
He added: «Iraq will see great openness to Saudi Arabia in all sectors, after Iran closed its doors to Iraq in the file to provide us with electric power», pointing out that «Saudi Arabia opened its arms to Iraq at this sensitive time, and expressed its willingness to provide support and all files» . According to the source, "the Saudi side told Iraq that it is ready to influence its partners and allies in the region, such as Turkey, to solve their problems with Iraq, such as the water file and others."
Iraqi Planning Minister Salman al-Jumaili, head of the Iraqi side of the Iraqi-Saudi Council, was to head a high-level delegation to Jeddah, Saudi Arabia.
Al-Jumaili said in a statement that the delegation's visit comes at the behest of Prime Minister Haider al-Abadi, adding that "the delegation includes the ministers of oil, Abdul-Jabbar al-Allaibi, electricity Qassim al-Fahdawi, transport Kazem al-Hamami and a number of general managers In a number of ministries ».
He added that «the delegation will discuss with the Saudi side a number of issues and important files in the framework of the Iraqi Coordination Council Saudi», pointing out that «the energy file, which includes electricity and fuel will be one of the most important files to be discussed with the Saudi side».
The delegation will also discuss other issues related to «activating the air, sea and land transport between the two countries».
Iran decided to stop exporting electricity to Iraq about four weeks ago, at the height of the summer, on the back of problems related to the transfer of Iraq to the amounts due to Tehran. Iraq produces 15.7 thousand megawatts of electricity, and imports from Iran 1200 megawatts, while needs 23 thousand megawatts to ensure non-interruption of electricity for Iraqis, and the result is 12 hours a day representing the rate of power cuts for the Iraqi provinces
Iraq Fails to convince Iran to Resume Power Supply
Last Friday, Al-Fahdawi along with an Iraqi delegation arrived in Tehran where they held talks with Iranian officials to resume supplying Iraq with 1,000 megawatts of electricity, which Tehran cut off about two weeks ago due to the accumulation of debts owed by Baghdad.
Al-Fahdawi explained in a statement received by Anadolu News Agency that his ministry “has put [forward] an alternative plan to importing electricity from Iran”.
Iraq has been importing electricity from Iran for many years after their power infrastructure was destroyed by decades of war and blockade.
According to figures released by the Iraqi Ministry of Electricity in August, last year the country produces 15,700 megawatts of electricity, however it needs more than 23,000 megawatts of electricity to meet its population needs.
The power outage caused by the Iranian move contributed to fueling violent protests in the southern Iraq provinces which led to at least five people being killed and 190 wounded after security forces fired on protesters.
Kurdistan PM, Swiss Envoy Discuss Bilateral Ties
ERBIL — Kurdistan Region Prime Minister Nechirvan Barzani received on Wednesday Switzerland’s ambassador to Jordan and Iraq, with whom he discussed the bilateral relations and future efforts to strengthen ties.
Ambassador Hans-Peter Lenz thanked Barzani and his government for coordinations before he will leave the office. He also praised the role of Kurdistan Region in hosting millions of refugees and IDPs during the war against the Islamic State (IS).
Barzani, in return, thanked Switzerland for delivering humanitarian aid to the IDPs and refugees sheltered by the KRG.
White House Asked for Trump-Rouhani Meeting at UN
https://financialtribune.com/
Thursday, July 19, 2018
The chief of staff to President Hassan Rouhani said Wednesday that US President Donald Trump’s people asked for a meeting with Rouhani eight times during the UN General Assembly last year.
“During Mr. Rouhani’s last visit to New York for the UN General Assembly, President Trump’s office eight times conveyed to the Iranian delegation a call to have a meeting with the president,” Mahmoud Vaezi told reporters, according to Mehr News Agency.
He said the Iranian team did not respond to the requests, which came just after Trump announced he would no longer certify Iran’s compliance with the 2015 nuclear deal–setting the scene for his eventual withdrawal from the pact in May.
“We have a transparent policy and clear position with regard to our relations with the US... that (we) will not yield to pressure,” Vaezi said.
Tehran said in October that the Trump White House had requested talks with Rouhani during the annual UNGA meeting. However, the claim of several requests had never been made.
The embattled US president has said he is open to talks on a new deal with Iran that goes beyond its nuclear program to include its regional policies and missile defense systems. Iran has said that the two key subjects are not negotiable.
Iran to Help Extinguish Wetland Fire on Iraqi Soil
Thursday, July 19, 2018
The chief of staff to President Hassan Rouhani said Wednesday that US President Donald Trump’s people asked for a meeting with Rouhani eight times during the UN General Assembly last year.
“During Mr. Rouhani’s last visit to New York for the UN General Assembly, President Trump’s office eight times conveyed to the Iranian delegation a call to have a meeting with the president,” Mahmoud Vaezi told reporters, according to Mehr News Agency.
He said the Iranian team did not respond to the requests, which came just after Trump announced he would no longer certify Iran’s compliance with the 2015 nuclear deal–setting the scene for his eventual withdrawal from the pact in May.
“We have a transparent policy and clear position with regard to our relations with the US... that (we) will not yield to pressure,” Vaezi said.
Tehran said in October that the Trump White House had requested talks with Rouhani during the annual UNGA meeting. However, the claim of several requests had never been made.
The embattled US president has said he is open to talks on a new deal with Iran that goes beyond its nuclear program to include its regional policies and missile defense systems. Iran has said that the two key subjects are not negotiable.
Iran to Help Extinguish Wetland Fire on Iraqi Soil
https://financialtribune.com/
Thursday, July 19, 2018
Fire extinguishing equipment will soon be dispatched to the Iraqi part of Hour-al Azim Marshes to put out the wildfire still burning the reeds, a senior official at the Department of Environment said.
It has been more than a week since the fire hit the marshes straddling western borders with Iraq, first burning the Iranian side but further spreading westward into Iraqi soil.
However, according to Ahmadreza Lahijanzadeh, head of Khuzestan's office of the Department of Environment, the blaze was extinguished in the Iranian part of the wetland and special equipment borrowed from a European country together with Iranian helitanks will soon be sent to the troubled area in Iraqi lands, Mehr News Agency reported.
Thursday, July 19, 2018
Fire extinguishing equipment will soon be dispatched to the Iraqi part of Hour-al Azim Marshes to put out the wildfire still burning the reeds, a senior official at the Department of Environment said.
It has been more than a week since the fire hit the marshes straddling western borders with Iraq, first burning the Iranian side but further spreading westward into Iraqi soil.
However, according to Ahmadreza Lahijanzadeh, head of Khuzestan's office of the Department of Environment, the blaze was extinguished in the Iranian part of the wetland and special equipment borrowed from a European country together with Iranian helitanks will soon be sent to the troubled area in Iraqi lands, Mehr News Agency reported.
Secondary Forex Market: Corruption Loopholes Abound
https://financialtribune.com/
Iran Thursday, July 19, 2018
Two goals set have been set for the recent establishment of the so-called “Secondary Forex Market”, namely meeting the country’s monetary needs through non-oil exports and setting a non-government-issued rate for foreign currencies, using negotiation as cover.
According to the economist Amir Houshang Amini, neither of which will result in anything but all-encompassing corruption stemming from the freedom allowed for the price of the dollar in an otherwise command economy.
Last week, the Central Bank of Iran announced the inauguration of the Secondary Forex Market, wherein importers and exporters are allowed to set a negotiated dollar rate for making transactions.
Iran Thursday, July 19, 2018
Two goals set have been set for the recent establishment of the so-called “Secondary Forex Market”, namely meeting the country’s monetary needs through non-oil exports and setting a non-government-issued rate for foreign currencies, using negotiation as cover.
According to the economist Amir Houshang Amini, neither of which will result in anything but all-encompassing corruption stemming from the freedom allowed for the price of the dollar in an otherwise command economy.
Last week, the Central Bank of Iran announced the inauguration of the Secondary Forex Market, wherein importers and exporters are allowed to set a negotiated dollar rate for making transactions.
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Today in History
My San Antonio
Today in History Today is Wednesday, July 18, the 199th day of 2018. There are 166 days left in the year. Today's Highlight in History: On July 18, 1940, the Democratic National Convention at Chicago Stadium nominated President Franklin D. Roosevelt (who was monitoring the proceedings at the White House) for an unprecedented third term in office; earlier in the day, Eleanor Roosevelt spoke to the convention, becoming the first presidential spouse to address such a gathering. Read the full story
Plus other great dog deals. Read the full story
McDonald's is offering this deal through the end of the year. The only thing better than French fries? Free French fries, of course. Luckily from now through the end of this year, McDonald's has got your back. The fast food chain rang in National French Fry Day on July 13 by by revealing the promotion on social media. “Free. Fries. Today,” they taunted customers. And it wasn't just a one-Friday-only thing. Indeed, you can eat your fill of McDonald’s iconic French fries every Friday in 2018 for Read the full story
The United States has the wealthiest households. How much money people have in the bank varies widely from country to country. The Organization for Economic Cooperation and Development tracks average household financial wealth across its member countries. Average net worth (not including real estate equity) ranges from $4,429 in Turkey to $176,076 in the United States. How much money people have in the bank varies widely from country to country. The Organization for Economic Cooperation and Read the full story
She now lives on $900 from Social Security. Read the full story
Gold Prices Sink to Year Low as Dollar Reigns Supreme on Powell's Upbeat Outlook
Investing.com
Commodities Jul 17, 2018 17:51 GMT Investing.com – Gold prices fell to a year low Tuesday, pressured by a rally in the greenback as Federal Reserve Chairman Jay Powell said gradual rate hikes would continue. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $11.60, or 0.94%, to $1,228.00 a troy ounce, after trading as high as $1,245.10 intraday. In his semi-annual testimony to Congress Tuesday, Powell said the "best way forward" is to continue Read the full story
© Reuters. Gold was lower on Tuesday. Read the full story
Gold aims to snap 2-session skid as dollar gauge sees muted action
MarketWatch
Gold prices on Tuesday edge higher, attempting to snap a two-session and advance from the commodity’s lowest levels in about a year. Read the full story
Oil Prices Drop as U.S. Crude Inventories Unexpectedly Rise
Investing.com
© Reuters. Oil prices declined on Wednesday Read the full storyCrude Oil Prices Settle Higher on Expectations for Draw in US Supplies
Investing.com
Commodities Jul 17, 2018 18:31 GMT Investing.com – Crude oil prices settled modestly higher Tuesday, recovering from nearly one-month lows intraday as traders turned attention to U.S. data that is expected to show another draw in stockpiles. On the New York Mercantile Exchange crude futures for August delivery rose 2 cents to settle at $68.08 a barrel, while on London’s Intercontinental Exchange, Brent climbed 49 cents to trade at $72.33 a barrel. The slump in oil prices to an nearly one-month Read the full story
Crude-Oil Caution: Volatility Ahead
Barron's
Brent crude is trading at its lowest point since early April, but could touch $80 a barrel later this year. The path there will not be smooth, says a Goldman Sachs analyst. Read the full story
A Quadrillion Tons of Diamonds Lurk Deep Inside EarthNational Geographic
The sparkly gems are even more common than thought, based on the latest estimates. Read the full story
Scientists Find 'Quadrillions' of Tons of Diamonds Beneath Earth's Surface
Popular Mechanics
Unfortunately, the diamonds are buried so deep we'll probably never mine them. Read the full story
By Joseph Patanella, CEO, Trusted Knight For any organisation, cybersecurity is now a primary concern. Source Read the full story
First all-digital bank in Hungary can now implement new and improved services faster MKB Bank, Source Read the full story
Martin James, Regional Vice President, Northern Europe at DataStax Artificial Intelligence offers huge opportunities to Source Read the full story
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Investment banker David Solomon will take over as CEO of Goldman Sachs in October. Here are five key challenges for the next chief. Read the full story
Using one of the popular personal finance apps intended to help you manage ... Read the full story
Big U.S. banks including JPMorgan Chase and Bank of America have reaped a windfall from President Donald Trump's tax cuts and the Federal Reserve's increases in interest rates. Yet regular savers have yet to see any benefit from the fatter profits in the form of higher savings rates on deposits. A lot of people are getting rich off of this year's profit windfall at big U.S. banks like JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) . Just not the banks' own customers: regular people Read the full story
Experts debate whether the system is better, or we’ve simply been lucky. Read the full story
Ryan Detrick at LPL Research believes inverted yield curves don’t always sound the alarm to sell. Read the full story
The economy is strong, inflation is rising and the Fed is tightening, so why aren’t 10-year yields higher? Caroline Baum explains Read the full story
While the commercial real estate market is booming, it could spell trouble for its biggest lenders. Read the full story
© Reuters. Dollar hits 6-month highs vs. yen on Powell comments Read the full story
© Reuters. Sterling hits 10-month lows on weak UK inflation data Read the full story
U.K. inflation slowed notably in June, sending the pound sharply lower against the dollar as bets on a near-term rate hike from the Bank of England fade and investors sift through the brewing political chaos surrounding the country's exit from the European Union. Adios, BoE rate hike? U.K. inflation slowed notably in June, official data confirmed Wednesday, sending the pound to an eight-month low against the dollar as bets on a near-term rate hike from the Bank of England fade and investors sift Read the full story
Wednesday, 18 July 2018, 2:55:PM China’s currency weakened by 0.5 per cent against the US dollar to a 12-month low as a declaration of higher interest rates by the chairman of the US Federal Reserve spurred capital to flow into higher-yielding dollars from offshore yuan. Offshore yuan, which is traded by international investors outside mainland China, deteriorated to 6.7439 per dollar, down from 6.7100 a day earlier, according to Thomson Reuters data. The yuan has weakened by 3.1 per cent Read the full story
If we want blockchains to deliver upon their promise, we must be able to transact using traditional fiat currencies, EY's blockchain lead writes. Read the full story
Data released by Zimbabwe’s central bank shows that only four per cent of bond notes and coins are in effective circulation despite the apex bank releasing nearly $350 million into the economy. Read the full story
Why health insurance companies are paying to access your personal data
Axios
Health insurance companies are paying for reams of personal data about us, their customers — where we live, whether we pay our bills on time, even our social media posts and online shopping habits. Which is, undeniably, kind of scary. Driving the news: ProPublica had a very thorough story yesterday on what insurers are collecting, how they're collecting it, and what they're doing with it. But some of the responses to that story were missing a few pieces, so I think it's worth a closer look. How Read the full story
People hospitalized for mania were three times more likely to have recently eaten meats like beef jerky, salami, hot dogs, or bacon. Read the full story
Billed as a world first, the test is designed to detect the skin cancer in its early stages. Read the full story
When I first was diagnosed with interstitial cystitis (IC), a chronic condition characterized by frequent urination and bladder pain, my doctor prescribed a couple medications and told me to keep track of which foods and drinks made my symptoms worse… Read the full story
Individuals who eat dinner before 9:00 p.m. or wait at least two hours after finishing dinner before going to bed have about a 26 percent lower risk of developing prostate cancer and a 16 percent lower risk for breast cancer, versus those who eat after 10:00 p.m. or go to bed soon after finishing their last meal of the day. Read the full story
Bill Gates joins a coalition of investors giving $30 million to find a "reliable, affordable" diagnostic test for Alzheimer's disease. Read the full story
A new study on teens suggests that ADHD symptoms might be associated with engaging frequently in digital media activities, such as streaming video or using social media. The association was described as "statistically significant but modest." Read the full story
Majority of Americans think Trump mishandling Russia: Reuters/Ipsos poll
Reuters
More than half of Americans disapprove of the way U.S. President Donald Trump is handling relations with Russia, according to a Reuters/Ipsos poll conducted after his controversial summit and joint news conference with Russian President Vladimir Putin. Read the full story
The tone of Monday and Tuesday's news coverage suggested that there will be long memories of the Helsinki press conference. Read the full story
The Washington playbook suggests Trump should admit error in siding with Putin and realign himself with US intelligence agencies. Will he? Read the full story
Read more: https://www.cnbc.com/2018/07/
The president blamed the news media for negative coverage of his performance alongside the Russian leader. Fellow Republicans, however, want him to clarify his statements on Russian meddling in U.S. elections. Read the full story
Texas is pumping so much oil that it will surpass OPEC members Iran and Iraq next year, HSBC predicted in a recent report. Read the full story
President Trump called the EU our foe and Russia our “competitor” – but economically speaking Russia’s economy is far smaller than the U.S. Stephanie Ruhle breaks down the differences in size and exactly why Russia is still at the table. Read more Read the full story
Rating agency Moody's raised its credit ratings outlook on Canada's major banks on Tuesday, just over 14 months after it lowered the ratings citing high debt levels and soaring house prices. Read the full story
FEMA has either denied or not approved most appeals for housing aid in Puerto Rico
NBC News
"The truth is that we’re here because this is ours," said a frustrated resident who is still missing part of his roof. Read the full story
Investors in the bonds of troubled Puerto Rico may have wrongly assumed that the government would always come to rescue them, and then panicked when that didn’t happen in Detroit, according to a new paper. Read the full story
Amid Electricity Cuts, Anti-Government Unrest Grows In Southern Iraq
NPR
The protests sweeping Basra and other southern provinces in the past week threaten to destabilize Iraq's caretaker government. Read the full story
A year after Iraqi forces recaptured Mosul from Islamic State the city's healthcare system remains broken, its hospitals lie in ruins and even basic services are lacking, according to aid groups. Read the full story
White House senior advisor Ivanka Trump and US Treasury Secretary Steven Mnuchin arrive to the opening of the US embassy in Jerusalem on May 14, 2018 in Jerusalem, Israel. US President Donald J. Trump's administration officially transferred the ambassador's offices to the consulate building and temporarily use it as the new US Embassy in Jerusalem. Trump in December last year recognized Jerusalem as Israel's capital and announced an embassy move from Tel Aviv, prompting protests in the occupied Read the full story
Israel's Economy Minister Eli Cohen works at his office in the Knesset, the Israeli parliament, in Jerusalem Thomson Reuters JERUSALEM (Reuters) - Three multinational companies have received an Israeli government grant of 120 million shekels ($33 million) aimed at boosting the presence of large companies and establishing Israel as a hub in biotechnology and medicine. The grants are part of a new program to boost the field of digital health, inject new intellectual property in Israel, which is Read the full story
An investigation conducted by Israeli human rights organisation B'Tselem has concluded that Israeli security forces deliberately shot and killed Palestinian paramedics Razan al-Najjar, contradicting the Israeli army's claims that it was an accident. On June 1, the 20-year-old al-Najjar was shot in the chest with the single bullet exiting through her back, while she was trying to help wounded demonstrators in Gaza near the perimeter fence with Israel. B'Tselem's investigation found that a member Read the full story
Read more: https://www.cnbc.com/2018/07/
AFRICA
Nigeria: We Will Bridge Economic Disparity Gap - Saraki
AllAfrica
(Photo: Twitter / Bukola Saraki) The Senate president, Dr. Bukola Saraki, has said the National Assembly is determined to bridge the gap of economic disparity in Nigeria. Speaking while addressing the United States Chamber of Commerce on ‘Doing Business and Opportunities in Nigeria’ as part of a parliamentary visit to Washington DC by a National Assembly delegation at the weekend, Saraki called on the government of the United States of America to take its rightful place in trade and investment Read the full story
Angola shows some investors still find it hard to resist yield
FurtherAfrica
It takes some brazenness for a nation rated six steps into junk territory and with the world’s worst-performing currency to issue a Eurobond in this market. Read the full story
Bank of Angola reduces interest rate to 16.5% and mandatory reserves
FurtherAfrica
The measure was adopted at the end of the meeting of the Monetary Policy Committee (CPM) of the Central Bank, after analyzing the main indicators of the conjuncture, such as the national inflation rate, which registered a reduction for the eighth consecutive month, exchange, among others. Read the full story
Xtract Resources announces an increase in gold mining in Mozambique
FurtherAfrica
Sino Minerals Investment Company, a company contracted by Explorator, Lda, a subsidiary of British group Xtract Resources, to explore the eastern half of the Manica concession in central Mozambique, extracted 1,703 ounces of gold in the second quarter, a 42% increase on the 1,200 ounces mined in the first quarter, the British group said. Read the full story
Mergers & acquisitions fall in Africa in the first half of 2018
FurtherAfrica
Total deal volumes and values of Merger & Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declining 44% in deal volume and 57% in aggregate value, compared to the first half of 2017. Read the full story
Japan and the E.U. Sign Landmark Trade Deal in a 'Clear Message' Against Protectionism
TIME
It covers a third of the global economy and markets of more than 600 million people Read the full story
Donald Trump's tantrums don't stop international trade; they just encourage other countries to strike their own deals. Read more Read the full story
Chinese businessman Zhou Jiancan built an empire from steel pipes and industrial hoses but it all came apart when the money ran out Read the full story
Zimbabwe's alliance with North Korea could be cast aside as it attempts to build bridges with the West and reboot its economy. Read the full story
The flow of crude oil is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela's state oil company PDVSA Carlos Garcia Rawlins/Reuters Rising oil prices are hurting China's previously torrid demand for oil. What's hurting demand more, is a tighter tax regime on some Chinese refiners. This could hurt global oil demand in time. Oil demand growth in the world's biggest oil importer-China-is at risk of slowing down, at least in the coming months. Read the full story
Read more: https://www.cnbc.com/2018/07/
EU tries to limit influx of steel diverted by US tariffs
ABC News
The European Union has announced measures to shield its market from a glut of steel imports heading to the continent following the imposition of U.S. tariffs Read the full story
Pro-European Union rebels were threatened with a general election this summer if they defeated Prime Minister Theresa May's Brexit plans on customs, a lawmaker said on Wednesday, threatening to widen rifts in the PM's party. Read the full story
British Prime Minister Theresa May said on Wednesday her government was already negotiating with the European Union on future ties, based on a white paper policy document published last week. Read the full story
Some Russian commentators and politicians rejoiced after Monday's meeting between the two leaders, with one columnist even calling it "another small miracle." Read the full story
British Prime Minister Theresa May faced down rebellion over her plans for the country's exit from the European Union, with lawmakers rejecting a key amendment on a Brexit trade bill Read the full story
While U.K. Prime Minister Theresa May held a lively press conference with President Trump Friday at her country retreat, Michel Barnier, the EU's Brexit point man, was in Washington responding to her Brexit plan. Between the lines: May is facing an intraparty revolt for allegedly going too "soft" in her plan, but parts of it still look unacceptable from Brussels. Still, EU officials aren't anxious to see May fall, and a "no deal" Brexit would also damage Europe. So can Barnier show a bit of Read the full story
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GLOBAL/NEWS/INFO
Today in History
My San Antonio
Today in History Today is Wednesday, July 18, the 199th day of 2018. There are 166 days left in the year. Today's Highlight in History: On July 18, 1940, the Democratic National Convention at Chicago Stadium nominated President Franklin D. Roosevelt (who was monitoring the proceedings at the White House) for an unprecedented third term in office; earlier in the day, Eleanor Roosevelt spoke to the convention, becoming the first presidential spouse to address such a gathering. Read the full story
All the Places You Can Get Free Hot Dogs Today for National Hot Dog Day 2018
MoneyPlus other great dog deals. Read the full story
How to Get Free McDonald's Fries Every Week This Year
The Daily MealMcDonald's is offering this deal through the end of the year. The only thing better than French fries? Free French fries, of course. Luckily from now through the end of this year, McDonald's has got your back. The fast food chain rang in National French Fry Day on July 13 by by revealing the promotion on social media. “Free. Fries. Today,” they taunted customers. And it wasn't just a one-Friday-only thing. Indeed, you can eat your fill of McDonald’s iconic French fries every Friday in 2018 for Read the full story
Here's how wealthy the average family is in 35 countries around the world
Business InsiderThe United States has the wealthiest households. How much money people have in the bank varies widely from country to country. The Organization for Economic Cooperation and Development tracks average household financial wealth across its member countries. Average net worth (not including real estate equity) ranges from $4,429 in Turkey to $176,076 in the United States. How much money people have in the bank varies widely from country to country. The Organization for Economic Cooperation and Read the full story
How the Former Billionaire Known as 'Catwoman' Went Bankrupt With $0 in Her Bank Account
MoneyShe now lives on $900 from Social Security. Read the full story
OIL/COMMODITIES/ENERGY
Gold Prices Sink to Year Low as Dollar Reigns Supreme on Powell's Upbeat Outlook
Investing.com
Commodities Jul 17, 2018 17:51 GMT Investing.com – Gold prices fell to a year low Tuesday, pressured by a rally in the greenback as Federal Reserve Chairman Jay Powell said gradual rate hikes would continue. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $11.60, or 0.94%, to $1,228.00 a troy ounce, after trading as high as $1,245.10 intraday. In his semi-annual testimony to Congress Tuesday, Powell said the "best way forward" is to continue Read the full story
Gold Falls to Two-And-a-Half-Year Low on Powell Testimony
Investing.com© Reuters. Gold was lower on Tuesday. Read the full story
Gold aims to snap 2-session skid as dollar gauge sees muted action
MarketWatch
Gold prices on Tuesday edge higher, attempting to snap a two-session and advance from the commodity’s lowest levels in about a year. Read the full story
Oil Prices Drop as U.S. Crude Inventories Unexpectedly Rise
Investing.com
© Reuters. Oil prices declined on Wednesday Read the full storyCrude Oil Prices Settle Higher on Expectations for Draw in US Supplies
Investing.com
Commodities Jul 17, 2018 18:31 GMT Investing.com – Crude oil prices settled modestly higher Tuesday, recovering from nearly one-month lows intraday as traders turned attention to U.S. data that is expected to show another draw in stockpiles. On the New York Mercantile Exchange crude futures for August delivery rose 2 cents to settle at $68.08 a barrel, while on London’s Intercontinental Exchange, Brent climbed 49 cents to trade at $72.33 a barrel. The slump in oil prices to an nearly one-month Read the full story
Crude-Oil Caution: Volatility Ahead
Barron's
Brent crude is trading at its lowest point since early April, but could touch $80 a barrel later this year. The path there will not be smooth, says a Goldman Sachs analyst. Read the full story
A Quadrillion Tons of Diamonds Lurk Deep Inside EarthNational Geographic
The sparkly gems are even more common than thought, based on the latest estimates. Read the full story
Scientists Find 'Quadrillions' of Tons of Diamonds Beneath Earth's Surface
Popular Mechanics
Unfortunately, the diamonds are buried so deep we'll probably never mine them. Read the full story
BANKS/BANKING/CREDIT
Global Study Finds Nearly a Quarter of the World’s Economy is “Off the Books”
Global Banking & Finance Review
Digital Payments Can Reduce the “Informal Economy” and Boost GDP, New A.T. Kearney Report Shows Source Read the full story
Money is an essential element of our lives, and so is the need for banking. Source Read the full story
Global Banking & Finance Review
Digital Payments Can Reduce the “Informal Economy” and Boost GDP, New A.T. Kearney Report Shows Source Read the full story
What Your Bank Doesn’t Want You to Know
Global Banking & Finance ReviewMoney is an essential element of our lives, and so is the need for banking. Source Read the full story
Banking security: time for a new approach
Global Banking & Finance ReviewBy Joseph Patanella, CEO, Trusted Knight For any organisation, cybersecurity is now a primary concern. Source Read the full story
Hungary’s MKB Bank Goes Fully Digital with Oracle
Global Banking & Finance ReviewFirst all-digital bank in Hungary can now implement new and improved services faster MKB Bank, Source Read the full story
AI and banking: Turning data into customer insight
Global Banking & Finance ReviewMartin James, Regional Vice President, Northern Europe at DataStax Artificial Intelligence offers huge opportunities to Source Read the full story
One in 4 Americans Are 'Underbanked'
OZY NEWSMillions of U.S. households lack access to brick-and-mortar banks and pay a premium for the workaround. Read the full story
Five things on the ‘to-do’ list for the new Goldman Sachs CEO
MarketWatchInvestment banker David Solomon will take over as CEO of Goldman Sachs in October. Here are five key challenges for the next chief. Read the full story
Is It Safe To Share The Password To Your Bank Account With An App?
HuffPostUsing one of the popular personal finance apps intended to help you manage ... Read the full story
Why traditional credit scores still matter
Chicago Sun-Times
Credit reports are used to determine credit card and mortgage rates, apartment rental, cell phone plans, loans and insurance, among other services. Read the full story
From buying your own alcoholic beverages to paying for checked baggage, it’s no secret that modern air travel is increasingly becoming a far more mercenary… Read the full story
Credit-card debt is once again reaching record highs. Read the full story
Read more: https://www.cnbc.com/2018/07/
Chicago Sun-Times
Credit reports are used to determine credit card and mortgage rates, apartment rental, cell phone plans, loans and insurance, among other services. Read the full story
Get ready for the joy of in-flight credit card pitches from cabin crew
QuartzFrom buying your own alcoholic beverages to paying for checked baggage, it’s no secret that modern air travel is increasingly becoming a far more mercenary… Read the full story
Americans paid over $100 billion in credit-card interest in 2017—and they’ll pay even more this year
MarketWatchCredit-card debt is once again reaching record highs. Read the full story
Here's how many credit cards people with excellent credit scores have
FICO examined the number of credit cards held by people with credit scores of over 800, and shared what to consider when opening new cards and closing old ones.Read more: https://www.cnbc.com/2018/07/
Depositors Stiffed as Bank of America Reaps Windfall From Taxes, Rates
TheStreetBig U.S. banks including JPMorgan Chase and Bank of America have reaped a windfall from President Donald Trump's tax cuts and the Federal Reserve's increases in interest rates. Yet regular savers have yet to see any benefit from the fatter profits in the form of higher savings rates on deposits. A lot of people are getting rich off of this year's profit windfall at big U.S. banks like JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) . Just not the banks' own customers: regular people Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things To Know In The Market On Wednesday
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
Are we really safe from the next financial crisis?
POLITICOExperts debate whether the system is better, or we’ve simply been lucky. Read the full story
Stock investors should not fear the inverted yield curve, strategist says
MarketWatchRyan Detrick at LPL Research believes inverted yield curves don’t always sound the alarm to sell. Read the full story
Opinion: The bond market goes its own way
MarketWatchThe economy is strong, inflation is rising and the Fed is tightening, so why aren’t 10-year yields higher? Caroline Baum explains Read the full story
Banking analyst predicts next bubble about to burst
Fox NewsWhile the commercial real estate market is booming, it could spell trouble for its biggest lenders. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin's mad 10% spike could have been a short squeeze
Business Insider
Business Insider
Bitcoin jumped around 10% in a 20 minute period on Tuesday, with no obvious news spurring the price rise. Market analysts say new money coming into the market could have created a short squeeze, forcing traders who bet against bitcoin to buy the digital currency to cover their losses. You can follow the live bitcoin price on Markets Insider. LONDON - The huge spike in bitcoin's price on Tuesday may have been driven in part by a squeeze on leveraged short sellers, according to market commentators Read the full story
Mastercard has a new patent that could allow bitcoin transactions on credit cards
CNBC
Mastercard wins a patent for cryptocurrency and it could one day allow consumers to charge their purchases on their credit cards using bitcoin as a currency. Read the full story
Bitcoin just passed $7 thousand—and the GOOD TIMES ARE BACK, BABY!
Mashable
Nothing can possibly go wrong. Read the full story
IBM is experimenting with a cryptocurrency that’s pegged to the US dollar
IBM has put its weight behind a so-called “stablecoin,” a digital token tied to the U.S. dollar.
Read more: https://www.cnbc.com/2018/07/
T'he Bitcoin Price Is Up 10% In 24 Hours To Over $7,000 -- What's Pushing It Up?
Forbes Magazine
The bitcoin price has just jumped over the $7,000 mark for the first time in over a month following an incredible week for bitcoin developments... Read the full story
Above $7K: Bitcoin's Price Shot Up $600 in 30 Minutes
CoinDesk
Bitcoin's price shot well above $7,000 Tuesday in a dramatic move. Read the full story
Why bitcoin won't bounce back, according to five experts
CNBC
Bitcoin is struggling to regain the hype and rapid growth it saw during the end of 2017, and some big-name Wall Street experts and CEOs think the digital currency may have run its course. Read the full story
China’s largest bitcoin miner ramps up VC funding by investing in Hong Kong blockchain start-up
South China Morning Post
The deal marks the latest investment made by Bitmain, which is also the world’s biggest supplier of cryptocurrency mining equipment, in the red-hot blockchain sector Read the full story
CURRENCIES
Forex - Dollar Hits 6-Month Highs vs. Yen on Powell Comments
Investing.com© Reuters. Dollar hits 6-month highs vs. yen on Powell comments Read the full story
Forex - Sterling Hits 10-Month Lows on Weak UK Inflation Data
Investing.com© Reuters. Sterling hits 10-month lows on weak UK inflation data Read the full story
U.K. Inflation Slows, Pound Slides as Bank of England Rate Hike Bets Fade
TheStreetU.K. inflation slowed notably in June, sending the pound sharply lower against the dollar as bets on a near-term rate hike from the Bank of England fade and investors sift through the brewing political chaos surrounding the country's exit from the European Union. Adios, BoE rate hike? U.K. inflation slowed notably in June, official data confirmed Wednesday, sending the pound to an eight-month low against the dollar as bets on a near-term rate hike from the Bank of England fade and investors sift Read the full story
Offshore yuan weakens as capital is drawn to high-yielding dollars by interest rate increases
South China Morning PostWednesday, 18 July 2018, 2:55:PM China’s currency weakened by 0.5 per cent against the US dollar to a 12-month low as a declaration of higher interest rates by the chairman of the US Federal Reserve spurred capital to flow into higher-yielding dollars from offshore yuan. Offshore yuan, which is traded by international investors outside mainland China, deteriorated to 6.7439 per dollar, down from 6.7100 a day earlier, according to Thomson Reuters data. The yuan has weakened by 3.1 per cent Read the full story
Fiat Currencies Are About to Become Essential to Public Blockchains
CoinDeskIf we want blockchains to deliver upon their promise, we must be able to transact using traditional fiat currencies, EY's blockchain lead writes. Read the full story
Zimbabwe: Only 4% of bond notes in circulation – RBZ
FurtherAfricaData released by Zimbabwe’s central bank shows that only four per cent of bond notes and coins are in effective circulation despite the apex bank releasing nearly $350 million into the economy. Read the full story
INSURANCE / HEALTH / SCIENCE
Why health insurance companies are paying to access your personal data
Axios
Health insurance companies are paying for reams of personal data about us, their customers — where we live, whether we pay our bills on time, even our social media posts and online shopping habits. Which is, undeniably, kind of scary. Driving the news: ProPublica had a very thorough story yesterday on what insurers are collecting, how they're collecting it, and what they're doing with it. But some of the responses to that story were missing a few pieces, so I think it's worth a closer look. How Read the full story
Beef Jerky and Other Processed Meats Might Be Linked to Manic Episodes
VICEPeople hospitalized for mania were three times more likely to have recently eaten meats like beef jerky, salami, hot dogs, or bacon. Read the full story
Melanoma blood test: Scientists unveil 'world-first' research
BBC News USBilled as a world first, the test is designed to detect the skin cancer in its early stages. Read the full story
5 Natural Ways To Treat Chronic Bladder Inflammation
BustleWhen I first was diagnosed with interstitial cystitis (IC), a chronic condition characterized by frequent urination and bladder pain, my doctor prescribed a couple medications and told me to keep track of which foods and drinks made my symptoms worse… Read the full story
The timing of your dinner could affect your overall cancer risk
Popular ScienceIndividuals who eat dinner before 9:00 p.m. or wait at least two hours after finishing dinner before going to bed have about a 26 percent lower risk of developing prostate cancer and a 16 percent lower risk for breast cancer, versus those who eat after 10:00 p.m. or go to bed soon after finishing their last meal of the day. Read the full story
Bill Gates jump-starts research for an affordable Alzheimer's test
CNNBill Gates joins a coalition of investors giving $30 million to find a "reliable, affordable" diagnostic test for Alzheimer's disease. Read the full story
ADHD study links teens' symptoms with digital media use
CNNA new study on teens suggests that ADHD symptoms might be associated with engaging frequently in digital media activities, such as streaming video or using social media. The association was described as "statistically significant but modest." Read the full story
USA/CANADA
Majority of Americans think Trump mishandling Russia: Reuters/Ipsos poll
Reuters
More than half of Americans disapprove of the way U.S. President Donald Trump is handling relations with Russia, according to a Reuters/Ipsos poll conducted after his controversial summit and joint news conference with Russian President Vladimir Putin. Read the full story
Trump finds few defenders as news media covers his 'betrayal'
CNN MoneyThe tone of Monday and Tuesday's news coverage suggested that there will be long memories of the Helsinki press conference. Read the full story
Trump embraced Putin, America groaned. What happens next?
ABC NewsThe Washington playbook suggests Trump should admit error in siding with Putin and realign himself with US intelligence agencies. Will he? Read the full story
Trump:on meddling took place, but it 'could be other people' besides Russia
Reactions to his press conference with the Russian leader were instantaneous and almost universally negative.Read more: https://www.cnbc.com/2018/07/
Trump says summit with Putin was 'even better' than NATO amid harsh criticism
The Washington PostThe president blamed the news media for negative coverage of his performance alongside the Russian leader. Fellow Republicans, however, want him to clarify his statements on Russian meddling in U.S. elections. Read the full story
Texas to pass Iraq and Iran as world's No. 3 oil powerhouse
CNN MoneyTexas is pumping so much oil that it will surpass OPEC members Iran and Iraq next year, HSBC predicted in a recent report. Read the full story
Russia is not our competitor – at least not economically
MSNBCPresident Trump called the EU our foe and Russia our “competitor” – but economically speaking Russia’s economy is far smaller than the U.S. Stephanie Ruhle breaks down the differences in size and exactly why Russia is still at the table. Read more Read the full story
Moody's upgrades credit rating outlook for Canada's major banks
CBC NewsRating agency Moody's raised its credit ratings outlook on Canada's major banks on Tuesday, just over 14 months after it lowered the ratings citing high debt levels and soaring house prices. Read the full story
EMERGING MARKETS
FEMA has either denied or not approved most appeals for housing aid in Puerto Rico
NBC News
"The truth is that we’re here because this is ours," said a frustrated resident who is still missing part of his roof. Read the full story
'An assumed‘Treasury put’ may have doomed Puerto Rico bond investors
MarketWatchInvestors in the bonds of troubled Puerto Rico may have wrongly assumed that the government would always come to rescue them, and then panicked when that didn’t happen in Detroit, according to a new paper. Read the full story
MIDDLE EAST
Amid Electricity Cuts, Anti-Government Unrest Grows In Southern Iraq
NPR
The protests sweeping Basra and other southern provinces in the past week threaten to destabilize Iraq's caretaker government. Read the full story
Health system in Mosul remains broken one year after defeat of Islamic State
ReutersA year after Iraqi forces recaptured Mosul from Islamic State the city's healthcare system remains broken, its hospitals lie in ruins and even basic services are lacking, according to aid groups. Read the full story
Iraqi forces use batons and rubber hoses to disperse protesters
Aljazeera
Iraqi security forces have used batons and rubber hoses to disperse hundreds of protesters who gathered near an oilfield in the flashpoint province of Basra, as anger mounts over the government's failure to address crumbling infrastructure and a lack of basic services. Local officials said production had not been affected at the giant Zubair oilfield near Basra, with police vowing to use "necessary measures to keep protesters away from the fields". Iraqis have vented their anger at several major Read the full story
Aljazeera
Iraqi security forces have used batons and rubber hoses to disperse hundreds of protesters who gathered near an oilfield in the flashpoint province of Basra, as anger mounts over the government's failure to address crumbling infrastructure and a lack of basic services. Local officials said production had not been affected at the giant Zubair oilfield near Basra, with police vowing to use "necessary measures to keep protesters away from the fields". Iraqis have vented their anger at several major Read the full story
The new US Embassy in Jerusalem will cost nearly 100 times more than what Trump said
Business InsiderWhite House senior advisor Ivanka Trump and US Treasury Secretary Steven Mnuchin arrive to the opening of the US embassy in Jerusalem on May 14, 2018 in Jerusalem, Israel. US President Donald J. Trump's administration officially transferred the ambassador's offices to the consulate building and temporarily use it as the new US Embassy in Jerusalem. Trump in December last year recognized Jerusalem as Israel's capital and announced an embassy move from Tel Aviv, prompting protests in the occupied Read the full story
Israel grants $33 million to GE, Medtronic, Change Healthcare to boost R&D
Business InsiderIsrael's Economy Minister Eli Cohen works at his office in the Knesset, the Israeli parliament, in Jerusalem Thomson Reuters JERUSALEM (Reuters) - Three multinational companies have received an Israeli government grant of 120 million shekels ($33 million) aimed at boosting the presence of large companies and establishing Israel as a hub in biotechnology and medicine. The grants are part of a new program to boost the field of digital health, inject new intellectual property in Israel, which is Read the full story
Israeli forces 'deliberately killed' Palestinian paramedic Razan
AljazeeraAn investigation conducted by Israeli human rights organisation B'Tselem has concluded that Israeli security forces deliberately shot and killed Palestinian paramedics Razan al-Najjar, contradicting the Israeli army's claims that it was an accident. On June 1, the 20-year-old al-Najjar was shot in the chest with the single bullet exiting through her back, while she was trying to help wounded demonstrators in Gaza near the perimeter fence with Israel. B'Tselem's investigation found that a member Read the full story
Iran files suit against US sanctions at World Court
Iran has filed a suit against the United States alleging that sanctions imposed by Washington violate a 1955 bilateral treaty between the two countries, the International Court of Justice said.Read more: https://www.cnbc.com/2018/07/
AFRICA
Nigeria: We Will Bridge Economic Disparity Gap - Saraki
AllAfrica
(Photo: Twitter / Bukola Saraki) The Senate president, Dr. Bukola Saraki, has said the National Assembly is determined to bridge the gap of economic disparity in Nigeria. Speaking while addressing the United States Chamber of Commerce on ‘Doing Business and Opportunities in Nigeria’ as part of a parliamentary visit to Washington DC by a National Assembly delegation at the weekend, Saraki called on the government of the United States of America to take its rightful place in trade and investment Read the full story
Angola shows some investors still find it hard to resist yield
FurtherAfrica
It takes some brazenness for a nation rated six steps into junk territory and with the world’s worst-performing currency to issue a Eurobond in this market. Read the full story
Bank of Angola reduces interest rate to 16.5% and mandatory reserves
FurtherAfrica
The measure was adopted at the end of the meeting of the Monetary Policy Committee (CPM) of the Central Bank, after analyzing the main indicators of the conjuncture, such as the national inflation rate, which registered a reduction for the eighth consecutive month, exchange, among others. Read the full story
Xtract Resources announces an increase in gold mining in Mozambique
FurtherAfrica
Sino Minerals Investment Company, a company contracted by Explorator, Lda, a subsidiary of British group Xtract Resources, to explore the eastern half of the Manica concession in central Mozambique, extracted 1,703 ounces of gold in the second quarter, a 42% increase on the 1,200 ounces mined in the first quarter, the British group said. Read the full story
Mergers & acquisitions fall in Africa in the first half of 2018
FurtherAfrica
Total deal volumes and values of Merger & Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declining 44% in deal volume and 57% in aggregate value, compared to the first half of 2017. Read the full story
ASIA
Japan and the E.U. Sign Landmark Trade Deal in a 'Clear Message' Against Protectionism
TIME
It covers a third of the global economy and markets of more than 600 million people Read the full story
'The world just moves on without us': Japan and EU sign a trade deal
MSNBCDonald Trump's tantrums don't stop international trade; they just encourage other countries to strike their own deals. Read more Read the full story
Caught in China’s cash crunch: why private companies are collapsing into a black hole of shadowy debt
South China Morning PostChinese businessman Zhou Jiancan built an empire from steel pipes and industrial hoses but it all came apart when the money ran out Read the full story
North Korea and Zimbabwe: A friendship explained
CNBCZimbabwe's alliance with North Korea could be cast aside as it attempts to build bridges with the West and reboot its economy. Read the full story
China is the world's biggest oil buyer — but its demand may be slowing down soon
Business InsiderThe flow of crude oil is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela's state oil company PDVSA Carlos Garcia Rawlins/Reuters Rising oil prices are hurting China's previously torrid demand for oil. What's hurting demand more, is a tighter tax regime on some Chinese refiners. This could hurt global oil demand in time. Oil demand growth in the world's biggest oil importer-China-is at risk of slowing down, at least in the coming months. Read the full story
China is investing 9 times more into Europe than into North America, report reveals
Government policies in both China and the U.S. are pushing this shift, as lawmakers act to protect their industries or prevent capital outflow.Read more: https://www.cnbc.com/2018/07/
EUROPE
EU tries to limit influx of steel diverted by US tariffs
ABC News
The European Union has announced measures to shield its market from a glut of steel imports heading to the continent following the imposition of U.S. tariffs Read the full story
Back UK PM May or face national election, Brexit rebels told
ReutersPro-European Union rebels were threatened with a general election this summer if they defeated Prime Minister Theresa May's Brexit plans on customs, a lawmaker said on Wednesday, threatening to widen rifts in the PM's party. Read the full story
Britain already talking to EU on future ties based on white paper: May
ReutersBritish Prime Minister Theresa May said on Wednesday her government was already negotiating with the European Union on future ties, based on a white paper policy document published last week. Read the full story
'Better Than Super': Russia Reacts To Trump-Putin Summit In Helsinki
NPRSome Russian commentators and politicians rejoiced after Monday's meeting between the two leaders, with one columnist even calling it "another small miracle." Read the full story
The Latest: UK's May halts revolt over Brexit trade bill
ABC NewsBritish Prime Minister Theresa May faced down rebellion over her plans for the country's exit from the European Union, with lawmakers rejecting a key amendment on a Brexit trade bill Read the full story
Theresa May will need a break from Brussels on Brexit
AxiosWhile U.K. Prime Minister Theresa May held a lively press conference with President Trump Friday at her country retreat, Michel Barnier, the EU's Brexit point man, was in Washington responding to her Brexit plan. Between the lines: May is facing an intraparty revolt for allegedly going too "soft" in her plan, but parts of it still look unacceptable from Brussels. Still, EU officials aren't anxious to see May fall, and a "no deal" Brexit would also damage Europe. So can Barnier show a bit of Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
The CBI for Thursday 7/19/18 did update on the indicative rates Sell Rate 1190
The currency auction is 184,056,200
There is no news and announcements for Thursday 7/19/18
The CBI for Thursday 7/19/18 did update on the indicative rates Sell Rate 1190
Value Traded
1,590,214,470
Shares Traded
3,164,251,981
ISX ended in Green
Kauaihn Chatter:
7-18-2018 Newshound Guru Kaperoni A very interesting point was made today...as banks are posting articles stating that despite the interruption and internet service all ATMs are functioning and dispensing cash... The ATMs in Iraq are up and running dispensing 3 zero notes as needed... ...There is no RV or RI. It is my full expectation that the dinar will float and gradually appreciate over time providing the tool that the CBI needs to counter inflationary pressure as substantial investment and investors come in to participate in the rebuilding of Iraq. This is not an overnight event. When will that occur? Well there are conflicting opinions some say the government must be formed first others believe that it's too risky and that they should begin as soon as possible. We will just have to wait and see but I do believe it'll be this year.
7-18-2018 Newshound Guru MilitiaMan Article: "Central: Sirens fired at the pool of banks of training practices will last for two days" Quote: "The Central Bank of Iraq, on Wednesday, that the warning sirens launched at the banks complex...training practices will continue for two days" ..."The warning sirens launched at the banks complex...is one of the training practices carried out by the Department of Civil" This is telling us imo, that they are as of today and tomorrow testing the system for the big day.. Jurassic park styled, test the fencing..Imo.
7-18-2018 Newshound Guru MilitiaMan Article: "Central: Sirens fired at the pool of banks of training practices will last for two days" Quote: "The Central Bank of Iraq, on Wednesday, that the warning sirens launched at the banks complex...training practices will continue for two days" ..."The warning sirens launched at the banks complex...is one of the training practices carried out by the Department of Civil" This is telling us imo, that they are as of today and tomorrow testing the system for the big day.. Jurassic park styled, test the fencing..Imo.
7-18-2018 Newshound/Intel Guru Mnt Goat DEMONSTRATIONS IN BASRA... I will tell everyone that the main reason why people are demonstrating now in BASRA area is mostly stemming all from the lack of electricity. This section of the country has been importing electricity from Iran. The Iraqi government has not paid its electric bill to Iran and so Iran has cut off electricity for about a month now. This would not have happened under other circumstances. The govt of Iraq has the money to build power plants but can’t move forward with the plans to build gas run electric generation plants throughout Iraq and get off of Iranian grid until the govt is formed and these contracts can be executed.
7-18-2018 Newshound Guru Adam Montana We’re still in the same situation as late last week ...Abadi is moving forward “as-if” the elections were over, and that’s a good thing. Its NOT a good thing for those of you that want an RV by Friday, because it’s pretty apparent that we’re a couple short weeks away from an official announcement of the next complete GOI. All things hinge on GOI right now… wrap that up, then we have a clear path to HCL, and then, dare I say “suddenly”?
7-18-2018 Intel/Newshound Guru sandyf Many seem to be of the opinion that it revolves around a single event with focus on "delete the 3 zeros". That may not be the case. Previous information from the CBI was fairly clear that "delete the 3 zeros" referred to a redenomination and the last statement on timeline indicated 2019. Redenominations do not happen overnight, most and in the case of Iraq, require a Bill to pass through parliament. When that happens everyone will know about it but a timeline cannot be established until the Bill gets passed into law. Preparations are normally in the order of 1-2 years so very unlikely Iraq would be in a position to implement a redenomination before 2021. If we are to see a beneficial return on the IQD, it would need to happen before any redenomination was activated. I have seen some fairly good indications from outside dinarland and cautiously optimistic for the latter part of the year.
7-18-2018 Intel Guru Bruce I just like to say thank you to this current administration beginning with President Trump, with Vice President Pence, some of the cabinet members as well, the administration, because guys without them we would not have this blessing moving like we do right now. ...I think the proximity is right there. I feel like according to what we heard this afternoon [Tuesday], we are in a really good position... I feel maybe there is something about tomorrow’s date July 18, 2018 [Wednesday]. Maybe it is a significant day. [post 2 of 2]
7-18-2018 Intel Guru Bruce ...Iraq has basically completed everything we thought they needed to do except announce the new rate or put the rate out publicly... We are looking for an announcement from Iraq. We don’t know if it will come from Abadi or will it come from Shabbi and Abadi... There has been a major media blackout out of Iraq for the last several days...at least 3 to 4 days maybe longer with no media, no social media, nothing. ...we know that things are moving along nicely. ... They has been celebrations, dancing, quite a bit we have heard about and is occurring. Yes, we have been able to find out a little bit despite the blackout. So we are looking forward to it completely opening up and being ready. [post 1 of 2....stay tuned]
7-18-2018 Newshound Guru Adam Montana We’re still in the same situation as late last week ...Abadi is moving forward “as-if” the elections were over, and that’s a good thing. Its NOT a good thing for those of you that want an RV by Friday, because it’s pretty apparent that we’re a couple short weeks away from an official announcement of the next complete GOI. All things hinge on GOI right now… wrap that up, then we have a clear path to HCL, and then, dare I say “suddenly”?
7-18-2018 Intel/Newshound Guru sandyf Many seem to be of the opinion that it revolves around a single event with focus on "delete the 3 zeros". That may not be the case. Previous information from the CBI was fairly clear that "delete the 3 zeros" referred to a redenomination and the last statement on timeline indicated 2019. Redenominations do not happen overnight, most and in the case of Iraq, require a Bill to pass through parliament. When that happens everyone will know about it but a timeline cannot be established until the Bill gets passed into law. Preparations are normally in the order of 1-2 years so very unlikely Iraq would be in a position to implement a redenomination before 2021. If we are to see a beneficial return on the IQD, it would need to happen before any redenomination was activated. I have seen some fairly good indications from outside dinarland and cautiously optimistic for the latter part of the year.
7-18-2018 Intel Guru Bruce I just like to say thank you to this current administration beginning with President Trump, with Vice President Pence, some of the cabinet members as well, the administration, because guys without them we would not have this blessing moving like we do right now. ...I think the proximity is right there. I feel like according to what we heard this afternoon [Tuesday], we are in a really good position... I feel maybe there is something about tomorrow’s date July 18, 2018 [Wednesday]. Maybe it is a significant day. [post 2 of 2]
7-18-2018 Intel Guru Bruce ...Iraq has basically completed everything we thought they needed to do except announce the new rate or put the rate out publicly... We are looking for an announcement from Iraq. We don’t know if it will come from Abadi or will it come from Shabbi and Abadi... There has been a major media blackout out of Iraq for the last several days...at least 3 to 4 days maybe longer with no media, no social media, nothing. ...we know that things are moving along nicely. ... They has been celebrations, dancing, quite a bit we have heard about and is occurring. Yes, we have been able to find out a little bit despite the blackout. So we are looking forward to it completely opening up and being ready. [post 1 of 2....stay tuned]
7-17-2018 Newshound/Intel Guru Mnt Goat Many asked me about the significance of the announcement of Iraq getting off the FATF list. The importance of this announcement is that the presence of any country in the gray or black list or under the strict follow-up within the evaluation of the group mentioned MEANS THAT THERE IS WEAKNESS IN THE SYSTEM OF COMBATING CORRUPTION AND FINANCING TERRORISM, HIGH RISK AND THUS LEAD TO THE RELUCTANCE OF INVESTORS TO ENTER IT, has been noted since 2012 since the failure of Iraq to comply with 15 of the recommendations of the main recommendations on the fight against money laundering and recorded up to seven hundred notes. So now Iraq is off this list so what does this tell you? They have implemented the necessary reforms to combat corruption and financial terrorism. This is all very good news since we know there was no way the IMF was going to release the reinstatement unless they put these measures in place.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:d
*******************
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not on English side)
The service and security crisis cell holds its first meeting under the chairmanship of Dr. Haider al-Abadi and the presence of ministers and officials
The service and security crisis cell, which was formed yesterday, held its first meeting under the chairmanship of Dr. Haider al-Abadi and the attendance of ministers and officials.
Dr. Haider al-Abadi stressed the importance of coordination of efforts and that the work is real in order to be performance properly, indicating that security is in the interest of services and vice versa.
He added that the weakness of the follow-up has not completed many projects that have reached advanced stages and provide great service to citizens in the field of basic services for water, electricity, health, schools and job creation directed to follow-up projects sluggish for completion as soon as possible.
Dr. Haider al-Abadi called for cooperation between ministries and local governments and all institutions and solutions.
A number of decisions were taken regarding electricity, water, job creation, health, schools and other sectors.
1 - Prepare quick and accurate statements to identify the needs of citizens are brought to the cell crisis security and service and rely on immediate contexts to meet the needs of each according to its competence and responsibilities.
2 - forming a crisis cell in each ministry and in each province to deal with the demands and follow-up and develop quick solutions.
3. The Ministry of Finance shall provide funding for such needs.
4 - Immediate work on the reconstruction of service projects unfinished in light of the joint statements between the relevant authorities.
5 - Obtain the necessary exceptions from the instructions in force and submit to the crisis cell to make the appropriate decision.
6 - Immediate start of the training and rehabilitation program in the centers of the Ministry of Labor and give the trainees appropriate allocations.
Prime Minister 's Media Office
18 July 2018
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ARTICLE 2
Tweet posted on Government of Iraq twitter:
- As part of a ‘jobs for the future’ strategy, and to boost reconstruction efforts, the @IraqiGovt announces measures to create new jobs in Basra and other provinces
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ARTICLE 3
The document .. The referral of 328 Iraqi deputies to retire
2018/7/18 23:55
[Ayna-Baghdad]
President Fuad Masoum issued a decree appointing 328 deputies from the previous parliamentary session to retire.
"The members of the Chamber of Deputies are referred to the third parliamentary session to retire," the decree said. "The Speaker of the House of Representatives and the Minister of Finance must also implement this."
Masum's endorsement comes at a time when several southern provinces are witnessing angry popular protests against unemployment and poor services.
According to the unified pension law, each former deputy will receive 80% of their salaries of 12 million dinars.
The Presidency of the Republic that "the Law of the House of Representatives No. 13 2018 stipulated the referral of all members of the House of Representatives to retire according to a letter sent by the House of Representatives with my order to transfer all members of the House of Representatives terminated their mandate from one sequence to the sequence 328 and request their referral to retirement according to law "He said.
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ARTICLE 4
URGENT Suspicion of mortar shells near a children's hospital in Kirkuk
2018/7/18 22:46
[Ayna-Baghdad]
A security source revealed on Wednesday that mortar shells fell near the children's hospital in central Kirkuk.
"A number of mortar shells landed on Wednesday evening near the children's hospital in central Kirkuk," the source told Al-Iraqiya news agency. "Unknown gunmen were traveling in a BMW car by throwing grenades at shops indiscriminately."
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ARTICLE 5
Kubic is looking with the file chest forming the government
2018/7/19 11:40
[In Baghdad]
The leader of the Sadrist movement Moqtada al-Sadr received the United Nations representative Jan Kubic in the province of Najaf.
A source familiar with the agency of all Iraq [where] today that "Sadr discussed during his reception at his office in Al-Hananah area of Najaf, Thursday, Kubic file form the new government."
"The two sides also discussed the political situation at the Iraqi and regional levels," he said.
The special representative of the United Nations Secretary-General Jan Kubic arrived in Najaf this morning through its international airport and was received by the Director of Protocol and Protocol Brigadier General Abdul-Amir al-Dhalimi.
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