WOTS Wednesday 7/18/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,173.8000 | 1,173.8000 | 1,173.8000 | | 20:00 |
| USD/VND | | | 23,014.5000 | 22,829.8000 | 22,829.8000 | | 04:15 |
| USD/CNY | | | 6.7200 | 6.6874 | 6.7070 | | 05:50 |
| USD/KWD | | | 0.3026 | 0.3020 | 0.3023 | | 05:24 |
| GBP/USD | | | 1.3117 | 1.3011 | 1.3108 | | 05:52 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,425.8000 | 14,376.0000 | 14,377.0000 | | 05:52 |
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DC NY Iraq Articles:dd
Rafidain confirms its continuation in the payment of salaries of employees and retirees
18-07-2018 12:18 PM The Euphrates -
Al-Rafidain Bank confirmed its continuation in the payment of salaries of employees and retirees according to specific schedules and through electronic payment tools.
The bank's information office said in a statement that cash withdrawals work regularly and have not been affected by the interruption of the Internet, pointing out that citizens and employees can withdraw their amounts from the branches of the bank in the counties and governorates without any obstacles, noting that the bank has adopted an electronic service system in exchange d
Sairun member: we will continue dialogue until forming new govt.
July 18 2018 12:37 AM
Muqtada al-Sadr, leader of Iraq's Sadrist movement and head of Sairoon coalition,Hussein al-Najar, member of the Iraqi Communist Party and member of Sairun alliance, said on Tuesday the party will not partake in the ongoing protests as a party. But its cadres will rather partake as citizens side by side with those on the streets.
They will adopt the same demands, he added.
On the new government, he said there are several parties who are attempting to influence the process of forming it.
Sairun alliance will continue dialogue with the other parties for forming the new government, the official went on to say.dIraqi forces, including peshmerga troops, conducted coordinated clearance operations July 16 to eliminate the Islamic State of Iraq and Syria presence in Iraq, Combined Joint Task Force Operation Inherent Resolve officials announced today.
Iraqi forces, with coalition support, successfully cleared a ISIS safe haven in the region of the Makhmour Mountains.
“Our partners fought valiantly today as they continue to remove remaining elements of a savage enemy from their country,” said Army Maj. Gen. James Jarrard, commander of Special Operations Joint Task Force Operation Inherent Resolve. “This action proves the enemy cannot hide. Our partners are well trained and they will continue to find [ISIS] terrorists wherever they are. We are proud to work alongside these highly professional and brave forces, who have sacrificed so much in this fight.”
The coalition, the world’s largest with 72 nations and five international organizations, is committed to working by, with, and through partner forces to achieve the lasting defeat of ISIS, and to help to set the conditions for a secure and stable Iraq and Syria.
They will adopt the same demands, he added.
On the new government, he said there are several parties who are attempting to influence the process of forming it.
Sairun alliance will continue dialogue with the other parties for forming the new government, the official went on to say.d
Iraqi, Kurdish Troops Clear ISIS Safe Haven
Iraqi forces, with coalition support, successfully cleared a ISIS safe haven in the region of the Makhmour Mountains.
“Our partners fought valiantly today as they continue to remove remaining elements of a savage enemy from their country,” said Army Maj. Gen. James Jarrard, commander of Special Operations Joint Task Force Operation Inherent Resolve. “This action proves the enemy cannot hide. Our partners are well trained and they will continue to find [ISIS] terrorists wherever they are. We are proud to work alongside these highly professional and brave forces, who have sacrificed so much in this fight.”
The coalition, the world’s largest with 72 nations and five international organizations, is committed to working by, with, and through partner forces to achieve the lasting defeat of ISIS, and to help to set the conditions for a secure and stable Iraq and Syria.
The government announces the launch of Basra allocations of petrodollar and the disbursement of its share of the revenues of border crossings (expanded)
2018/8/17
(Baghdad: Al-Furat News) The Cabinet voted during its meeting on Tuesday to launch the allocations for the province of Basra petrodollar to carry out the services, as well as the disbursement of the province's share of the revenues of border crossings.
A statement issued by the Prime Minister received the agency {Euphrates News} a copy of it today, "The Council voted to increase the release of water through Nazem Qal'at Saleh at 75 cubic meters per second and increase the release of water in the channel of innovation to 7.5 cubic meters per second, Next August will be a pilot operation in preparation for full operation. "
He added that "the vote on the rehabilitation of projects and the completion of the projects of Umm Qasr and the desalination plant of FAO and Sihan and the implementation of projects and expansion of existing projects provide 580 thousand cubic meters per day of potable water, in the medium term, and continued efforts in the planning and implementation of major strategic projects to benefit from loans in addition to To the allocations and the budget. "
The council acknowledged that Basra governorate has the authority to transfer work in suspended projects because of the problems related to lack of funding or the existence of problems raised to eliminate the blocking of work or the dissolution of the contract to the Ministry of Electricity companies with the continuation of any previous legal or administrative procedures, To address any similar cases in their provinces. "
The council acknowledged that Basra governorate has the authority to transfer work in suspended projects because of the problems related to lack of funding or the existence of problems raised to eliminate the blocking of work or the dissolution of the contract to the Ministry of Electricity companies with the continuation of any previous legal or administrative procedures, To address any similar cases in their provinces. "
The statement said that "the Council of Ministers discussed providing employment opportunities for the people of Basra and other provinces, and the Council decided to form a crisis cell to follow up the status of services and the security aspect."
The statement pointed out that "was voted on the inclusion of retirees in the Cabinet Resolution No. 281 for the year 2017 on the organization of the process of settling the salaries of employees in government institutions."
The statement pointed out that "was voted on the inclusion of retirees in the Cabinet Resolution No. 281 for the year 2017 on the organization of the process of settling the salaries of employees in government institutions."
The Council approved the recommendations on activating the law of caring for scientists, while the Council of Ministers to prepare a comprehensive feasibility study on the project to establish a naval export base for Iraqi crude oil in coordination with the Ministry of Transport and related bodies and to submit to the Council of Ministers and vote on the issuance of a sovereign guarantee for the project Maysan Energy Investment Station ".
He pointed out that "the meeting also witnessed the vote on the sale of plot numbered 15/19/1970, which belonged to the General Company for the design and implementation of projects in the Ministry of Industry and Minerals to its occupants.
The Ministry of Finance issues a clarification on the salaries of employees
Release date: 2018/7/17 15:25 • 402 times read
{Baghdad: Al Furat News} Ministry of Finance issued a clarification on the salaries of employees.
The ministry continues to release the salaries of employees and retirees in Baghdad and the provinces, according to the deadlines," Undersecretary Maher Juhan said on Tuesday in a press statement.
He stressed "to secure the salaries of employees in full," adding "to overcome the problem that accompanied the disruption of the Internet system during the past two days through the adoption of an electronic service system."
"The salaries of employees and retirees are fully insured, and the ministry is keen to deliver its time without obstacles, and also to avoid any forms that may occur as soon as possible for the salaries of employees and retirees in Baghdad or the provinces
He stressed "to secure the salaries of employees in full," adding "to overcome the problem that accompanied the disruption of the Internet system during the past two days through the adoption of an electronic service system."
"The salaries of employees and retirees are fully insured, and the ministry is keen to deliver its time without obstacles, and also to avoid any forms that may occur as soon as possible for the salaries of employees and retirees in Baghdad or the provinces
Iraq opens Kirkuk Airport for civil aviation in August
Iraq, July 18, 2018
Kirkuk Airport will open for domestic and international flights in August, an Iraqi official announced on Monday, Anadolu reports.
Rakan al-Jubouri, the governor of Kirkuk, told reporters that experts from the Ministry of Transportation would arrive in Kirkuk shortly to confirm the date of the first landing.
“Kirkuk Airport will serve millions of people from Diyala, Saladin, and Mosul,” said al-Jubouri who revealed that the airport would be operated by a French company.
A total of six airports remain operational in cities like Baghdad, Basra, Najaf, Mosul and within the Kurdish Regional Government (KRG).
Kirkuk Airport had been used by the US Air Force as a military airbase since the 2003 US invasion. It was handed over to Iraqi authorities in November 2011.
middleeastmonitor."
Kauaihn Iraq Articles:dd
The first Iraqi government bank to open a branch in Saudi Arabia
18-07-2018 12:13 PM
The Euphrates -
In a new cooperation between the Kingdom of Saudi Arabia and the Republic of Iraq, the Iraqi Trade Bank will open a branch in the Kingdom after obtaining official authorization from the Saudi Council of Ministers, where this cooperation will support the Iraqi economy.
Faisal Al-Hims, Chairman of the Iraqi Trade Bank and Chairman of the Board of Directors, said: "This important addition to the Bank's achievements will enhance the banking and commercial relations between the two countries and expand the work between them, while adding to the Iraqi banks a new experience of its kind for the first time.
"Approval of the license for the Iraqi Trade Bank to open a branch in the Kingdom would be of benefit to the State of Iraq, the Iraqi Bank and the Saudi banking sector," said Talaat Hafez, secretary-general of the Committee on Information and Banking Awareness.
Hafiz added that the bank's entry into the Saudi market will achieve several positive advantages for the Iraqi banking system in the first place. The Saudi banking environment is considered one of the best banking environments at the Arab, regional and international levels in terms of strength, Banking payment systems'.
Field Energy Services joins Iraq Britain Business Council
The Iraq Britain Business Council (IBBC) has announced that Field Energy Services (FES), one of Iraq’s leading oil and gas service providers, has joined the Council.
Established in 2008, FES is an Iraqi registered company who supply a diverse range of products, services and logistical support to companies operating across the energy supply chain in Iraq. FES offers comprehensive, high-valued technical, industrial, trading, logistical, life support, training, construction and engineering solutions.
FES work on multiple fronts to help accelerate the development of the country’s oil and gas industry, including the opening of a dedicated repair and maintenance facility, building two highly secure and fully integrated business parks, and a world-class vocational training centre.
Field Energy Services represents international principals and partners in Iraq through its subsidiary, Al Majal Commercial Agencies, and is an approved supplier to leading international oil companies (IOCs), national oil companies (NOCs), and international Engineering, Procurement and Construction companies (EPCs).
Together with their partners, FES offer a wide spectrum of products and services to the energy industry, ranging from the repair and maintenance of rotating equipment to offering customized warehouses and offices, and creating internationally accredited and customized vocational training courses to oil and gas companies operating in Iraq.
Iraq fails to convince Iran to resume power imports
Iraq, July 18, 2018
Iraqi Electricity Minister Qassem Al-Fahdawi 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.middleeastmonitord
Protests Spread, Turn Deadly in Iraq
https://financialtribune.com/
Wednesday, July 18, 2018
At least eight people are dead and dozens injured in weeklong protests over jobs and basic services, Iraq’s Ministry of Health spokesman Saif al-Bader said Monday.The protests started in the southern Iraq port city of Basra and spread to different areas of the country. At least 56 people have been wounded, seven of them critically, Bader said in a press conference, CNN reported.
Of the eight dead, two were killed in Basra, two in Najaf, three in al-Simawa and one in Karbala. A ministry health worker was killed in a car accident related to the protests and one ambulance worker remains in critical condition, Bader said.
The Ministry of Electricity has taken steps to improve service in Basra, said spokesman Musa’ab al-Mudaris at the same press conference.Angry protests over unemployment and the lack of basic services have spread across southern Iraq since last week, as the oil-rich country tries to recover after many years of war.
Starting in Basra, the protests were exacerbated by issues such as sweltering heat, power cuts, water quality and sanitation problems.The outpouring on the street spread through other provinces in the country’s Shia heartland in the south, such as Dhi Qar, Najaf, Maysan and Babil. Protests also took place in Baghdad, the nation’s capital.
While some protests have been largely peaceful, others included rock-throwing, setting tires and buildings on fire and blocking roads.Hundreds demonstrated at oil installations, political parties and government buildings. Internet outages have been widespread except for Irbil and other Kurdish areas in northern Iraq.
CAPTION: Iraqi protesters chant slogans demanding services and jobs during a demonstration in Tahrir Square, Baghdad, on July 14.d
Wednesday, July 18, 2018
At least eight people are dead and dozens injured in weeklong protests over jobs and basic services, Iraq’s Ministry of Health spokesman Saif al-Bader said Monday.The protests started in the southern Iraq port city of Basra and spread to different areas of the country. At least 56 people have been wounded, seven of them critically, Bader said in a press conference, CNN reported.
Of the eight dead, two were killed in Basra, two in Najaf, three in al-Simawa and one in Karbala. A ministry health worker was killed in a car accident related to the protests and one ambulance worker remains in critical condition, Bader said.
The Ministry of Electricity has taken steps to improve service in Basra, said spokesman Musa’ab al-Mudaris at the same press conference.Angry protests over unemployment and the lack of basic services have spread across southern Iraq since last week, as the oil-rich country tries to recover after many years of war.
Starting in Basra, the protests were exacerbated by issues such as sweltering heat, power cuts, water quality and sanitation problems.The outpouring on the street spread through other provinces in the country’s Shia heartland in the south, such as Dhi Qar, Najaf, Maysan and Babil. Protests also took place in Baghdad, the nation’s capital.
While some protests have been largely peaceful, others included rock-throwing, setting tires and buildings on fire and blocking roads.Hundreds demonstrated at oil installations, political parties and government buildings. Internet outages have been widespread except for Irbil and other Kurdish areas in northern Iraq.
CAPTION: Iraqi protesters chant slogans demanding services and jobs during a demonstration in Tahrir Square, Baghdad, on July 14.d
Iraq Oil Output Stable Amid Mass Protests
https://financialtribune.com/
Wednesday, July 18, 2018
I raq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, a government spokesman said. “Production and exports from southern Iraq are stable as per normal levels,” Oil Ministry Spokesman Asim Jihad also said by phone, Bloomberg reported. Authorities have deployed security forces to protect energy fields and facilities in the region, he added. Protests broke out last week in the southern province of Basra by residents asking for jobs at some of the country’s giant oilfields operated by international companies such as ExxonMobil Corp. and Lukoil PJSC. Iraqis have protested about unemployment and inadequate public services, including power and water shortages ever since the US-led invasion of 2003. Iraq has been rebuilding its energy industry and ranks second only to Saudi Arabia for production within the Organization of Petroleum Exporting Countries. The country is pumping 4.55 million barrels per day and its exports have reached 3.52 million bpd in June, the International Energy Agency said.
Wednesday, July 18, 2018
I raq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, a government spokesman said. “Production and exports from southern Iraq are stable as per normal levels,” Oil Ministry Spokesman Asim Jihad also said by phone, Bloomberg reported. Authorities have deployed security forces to protect energy fields and facilities in the region, he added. Protests broke out last week in the southern province of Basra by residents asking for jobs at some of the country’s giant oilfields operated by international companies such as ExxonMobil Corp. and Lukoil PJSC. Iraqis have protested about unemployment and inadequate public services, including power and water shortages ever since the US-led invasion of 2003. Iraq has been rebuilding its energy industry and ranks second only to Saudi Arabia for production within the Organization of Petroleum Exporting Countries. The country is pumping 4.55 million barrels per day and its exports have reached 3.52 million bpd in June, the International Energy Agency said.
Turkey Claims It “Neutralised” 8 PKK Fighters on Kurdistan Border
ERBIL — The Turkish army claimed on Tuesday that it has “neutralised” eight Kurdish fighters from the Kurdistan Workers’ Party (PKK) in the border areas of the Kurdistan Region.
According to a statement, the army had carried out airstrikes on positions of the Kurdish forces in Hakurk and Metina.Turkey often uses the word “neutralised” to imply that the fighters were either killed or arrested. Earlier on Monday,
Ankara claimed that its army had killed 53 PKK forces over one week across the country. PKK, however, has not yet made any official statement on the large number of fatalities claimed by Turkey.
EIA: Crude Will Plunge to $69 in 2019
https://financialtribune.com/
Wednesday, July 18, 2018
I n the July 2018 update of its Short–Term Energy Outlook, the US Energy Information Administration forecasts that Brent crude oil prices will average $73 per barrel in the second half of 2018 and $69 per barrel in 2019.
EIA expects West Texas Intermediate crude oil prices to average $7 per barrel lower than Brent prices in the second half of 2018 and $7 per barrel lower in 2019, World Oil reported.Its forecast of global liquid fuels balances indicates a looser oil market in the second half of 2018 and through the end of 2019 compared with the tight oil market conditions that prevailed in 2017 and the first half of 2018.
Although global petroleum and other liquid fuels inventories declined by an average of 0.5 million bpd in 2017, EIA expects inventories to be relatively unchanged in 2018 and to increase by 0.6 million bpd in 2019.
The forecast inventory builds in 2019 are mainly the result of expected liquid fuels production growth in the United States, Brazil, Canada and Russia.EIA forecasts that these countries will collectively provide 2.2 million bpd out of the 2.4 million bpd of total global supply growth in 2019.Supply growth of this magnitude would outpace EIA’s forecast for global liquid fuels consumption growth of 1.7 million bpd for 2019.
EIA forecasts total US crude oil production to average 10.8 million bpd in 2018, up 1.4 million bpd from 2017 and 11.8 million bpd in 2019.If realized, the forecast level for both years would surpass the previous US record of 9.6 million bpd set in 1970.Crude oil production at these forecast levels would probably make the US the world’s leading crude oil producer in both years.
Wednesday, July 18, 2018
I n the July 2018 update of its Short–Term Energy Outlook, the US Energy Information Administration forecasts that Brent crude oil prices will average $73 per barrel in the second half of 2018 and $69 per barrel in 2019.
EIA expects West Texas Intermediate crude oil prices to average $7 per barrel lower than Brent prices in the second half of 2018 and $7 per barrel lower in 2019, World Oil reported.Its forecast of global liquid fuels balances indicates a looser oil market in the second half of 2018 and through the end of 2019 compared with the tight oil market conditions that prevailed in 2017 and the first half of 2018.
Although global petroleum and other liquid fuels inventories declined by an average of 0.5 million bpd in 2017, EIA expects inventories to be relatively unchanged in 2018 and to increase by 0.6 million bpd in 2019.
The forecast inventory builds in 2019 are mainly the result of expected liquid fuels production growth in the United States, Brazil, Canada and Russia.EIA forecasts that these countries will collectively provide 2.2 million bpd out of the 2.4 million bpd of total global supply growth in 2019.Supply growth of this magnitude would outpace EIA’s forecast for global liquid fuels consumption growth of 1.7 million bpd for 2019.
EIA forecasts total US crude oil production to average 10.8 million bpd in 2018, up 1.4 million bpd from 2017 and 11.8 million bpd in 2019.If realized, the forecast level for both years would surpass the previous US record of 9.6 million bpd set in 1970.Crude oil production at these forecast levels would probably make the US the world’s leading crude oil producer in both years.
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Today in History
My San Antonio
Today in History Today is Tuesday, July 17, the 198th day of 2018. There are 167 days left in the year. Today's Highlights in History: On July 17, 1944, during World War II, 320 men, two-thirds of them African-Americans, were killed when a pair of ammunition ships exploded at the Port Chicago Naval Magazine in California. Read the full story
From 7 a.m. to 7 p.m. on July 17 the international House of Pancakes will be offering three buttermilk pancakes for 60 cents. Read the full story
Non-stop business knowledge Get more on The Bloomberg App If you’re unaccustomed to having a lot of money and just happen to win $375 million in tonight’s MegaMillions jackpot, consider thinking before you act on your absurdly lucky change of fortune. An instant infusion of unexpected wealth through the lottery, inheritance or riding the wave of a Silicon Valley startup may not always result in the happily-ever-after most people expect, but it’s usually the start of a long journey of Read the full story
Read more: https://www.cnbc.com/2018/07/
Read more: https://www.cnbc.com/2018/07/
Read more: https://www.cnbc.com/2018/07/
Trump fails to push Putin on election meddling; Set of old family photos inspires stranger to find their rightful owners Read the full story
Non-stop business knowledge Get more on The Bloomberg App Jeff Bezos is the richest person in modern history. The Amazon.com Inc. founder’s net worth cracked $150 billion in New York on Monday, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person. Bezos, 54, also has topped Gates in inflation-adjusted terms. The $100 billion mark that Gates hit briefly in 1999 at the height of the dot-com boom Read the full story
Global average temperature anomalies during June 2018, based on NASA data. Earth had its third-warmest June on record this year, according to NASA data on Monday. The month saw numerous heat milestones set worldwide, from the U.S. to the Middle East. Why this matters: The planet is headed for a top 5 warmest year despite the lack of an El Niño event in the tropical Pacific Ocean, which would help boost temperatures in addition to human-caused global warming. What NASA found: According to NASA, Read the full story
More than $1 trillion has poured into target-date funds, and many investors are opting for them in their 401(k) plans. Experts warn that often this hands-off approach can backfire by failing to account for other factors, like income changes and life expectancy. Read the full story
Bullion bulls: This mobile app turns gold into a digital currency
MarketWatch
Glint, a London-based fintech, makes it possible to use gold to make retail purchases. Read the full story
Read more: https://www.cnbc.com/2018/07/
© Reuters. Gold was lower on Monday. Read the full story
Oil prices rise from 3-month low as more Norwegian oil workers strike
Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway.
Read more: https://www.cnbc.com/2018/07/
Commodities Jul 16, 2018 18:35 GMT Investing.com – WTI crude oil prices settled sharply lower Monday, pressured by expectations for an increase in supplies after U.S. Treasury Secretary Steve Mnuchin said some crude importers may receive waivers to continue buying supplies from Iran. On the New York Mercantile Exchange crude futures for August delivery fell 4.2% to settle at $68.06 a barrel, while on London’s Intercontinental Exchange, Brent fell 4.5% to trade at $71.92 a barrel. "We want people Read the full story
So here’s what you ought to do with your energy investments. By Nigam Arora. Read the full story
China is hoping to have a long-term say in setting commodity prices as it looks to cut the dominance of exchanges in Chicago, London and New York Read the full story
HKMA and seven banks to jointly launch blockchain-based trade finance platform in September
South China Morning Post
Tuesday, 17 July 2018, 8:03:PM The Hong Kong Monetary Authority and seven local lenders will launch a trade finance platform using blockchain technology in September, reflecting efforts by the city to bolster fintech development and close the gap with regional rival Singapore. “This trade finance platform is the first large-scale multi-bank blockchain project in Hong Kong arising from the fruitful results of one of the HKMA’s proof-of-concept works on trade finance in 2017,” said Howard Lee, Read the full story
If you're looking for the best interest rate for you money, don't even think about brick-and-mortar bank branches Read the full story
Jim Cramer sits down with Bank of America Chairman and CEO Brian Moynihan after earnings to crunch the numbers and hear what’s next for the financial giant. Read the full story
Slowly but surely, depositors are starting to shift money from basic U.S. bank accounts to products that pay more than a sliver of a percent in interest. Read the full story
Banks are having another strong quarter in equities. Wall Street banks have followed up their stellar 2018 debut in stock trading with another robust performance in equities in the second quarter. JPMorgan Chase, Citigroup, and Bank of America Merrill Lynch all saw strong second-quarter earnings in the past week, with each reporting a second consecutive standout performance from their equities divisions. Derivatives trading, which has particularly benefited from the rebound in volatility, has Read the full story
Bank of America announced on Monday that for the first time more of its customers made more deposits on mobile devices like smartphones and tablets than in person at branches. Read the full story
Bank of America is off to the most profitable start to a year in its 114-year history. Aided by a tail wind created by the Trump tax cuts, the bank on Monday reported a 33 percent spike in second-quarter profits — exceeding expectations. The increased in profits, to $6.8 billion — more than the $5.9 billion Wall Street expected — was the 14th straight quarter of improved earnings. Chief Executive Brian Moynihan said his bank also benefited from a jump in lending and from its continued move to Read the full story
Many millennials are buckling under the weight of bad credit. When Joe went to put a $2,000 down payment on his first car (which cost $11,000), he didn’t think it would be too difficult. The high school English teacher, who declined to give his last name, was 25 at the time, had been teaching for almost two years and was earning about $58,000 a year. But the deal skid to a halt after his poor credit history emerged. “I was told I had to put down more money than I could afford, or find a cosigner Read the full story
Top 5 Things To Know In The Market On Tuesday
Investing.com
Top 5 things to know today in financial markets Read the full story
Will an economic slowdown dent ETF growth? Read the full story
Stock Markets Jul 16, 2018 20:23 GMT Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. J&J, Goldman Sachs {{0|Goldman Sachs}}) Lead Earnings Report Two Dow components will headline earnings reports ahead of trading Tuesday. Johnson & Johnson (NYSE:JNJ) is forecast to earn $2.07 per share for the latest quarter on revenue of $20.39 billion. But apart from the numbers, investors will be listening to the conference call for any updates about a recent judgment Read the full story
Traders are starting to worry that U.S. technology and domestically focused stocks are getting tired of winning. Read the full story
A trend in the bond market that has a long history of foreboding accuracy has kindled talk of a recession, but it could be a long conversation. Read the full story
The International Monetary Fund warned on Monday that escalating and sustained trade conflicts are increasingly likely, threatening to derail economic recovery and depress medium-term growth prospects. Read the full story
CRYPTO'S / DIGITAL CURRENCY
IBM backs FDIC-insured Stronghold cryptocurrency
VentureBeat
Stronghold is launching a cryptocurrency that is insured by the Federal Deposit Insurance Corp., and IBM will explore how to use it on its own IBM Blockchain Platform. The move is aimed at instilling more trust in cryptocurrency and increasing its usefulness based on the technical advantages of blockchain, which is a decentralized, secure, and... Read the full story
Bitcoin's Road Back to $7K (And the Chart Hurdles In the Way)
CoinDesk
Bitcoin is inching its way closer to the $7000 dollar range, but there are key technical hurdles in its way to greener pastures. Read the full story
International Finance Watchdog In Surprise Bitcoin Backing As It Reveals Crypto Stocktake
Forbes Magazine
The FSB is headed by Bank of England governor, and bitcoin and crypto sceptic, Mark Carney... Read the full story
Institutional money is growing the crypto space, says Coinbase vice president
Institutional investments in cryptocurrency are helping to grow the industry, Coinbase Vice President and General Manager Adam White told CNBC.
Read more: https://www.cnbc.com/2018/07/
Bitcoin's Road Back to $7K (And the Chart Hurdles In the Way)
CoinDesk
Bitcoin is inching its way closer to the $7000 dollar range, but there are key technical hurdles in its way to greener pastures. Read the full story
Coinbase reportedly gets approval from U.S. regulators to start listing tokenized securities
TechCrunch
Coinbase shared big news Monday that federal regulators are allowing the ... Read the full story
Institutional money is growing the crypto space, says Coinbase vice president
CNBC
Institutional investments in cryptocurrency are helping to grow the industry, Coinbase Vice President and General Manager Adam White told CNBC. Read the full story
Report: World's Biggest Asset Manager BlackRock Exploring Bitcoin
CoinDesk
Global investment management company BlackRock may be mulling a move into bitcoin futures, according to a report. Read the full story
A Crypto Exchange Is Buying Back $24 Million-Worth of Its Own Tokens
CoinDesk
Crypto exchange FCoin is to buy back 100 million of its own tokens to provide capital for a new fund of funds. Read the full story
Forex - Dollar Slides Lower Ahead of Powell Testimony
Investing.com
© Reuters. Dollar slides lower ahead of Powell testimony Read the full story
Led by strong bidding across the board, especially for Chinese coins and currency, Heritage Auctions' World Coins & Ancient Coins Auction and its World Currency Auction in Hong Kong combined to bring $4.38 million. With a combined sell-through rate of 94 percent by value, the events added up to the company's third-largest event ever held in Hong Kong. When combined, the two events yielded the second-highest average lot value of any Heritage event in Hong Kong: $2,946. "We continue to see solid Read the full story
The U.S. dollar has quietly crept to its highest levels of the year. One portfolio manager warns investors not to ignore the headwinds created by a surging greenback. Read the full story
The coins were supposed to be melted into gold bars, but were instead preserved in a vault. Read the full story
8 Things Doctors Wish You Knew About Metastatic Breast Cancer
HealthiNation
For starters, don’t read about survival rates on the internet. “Breast” and “cancer” are never two words you want to hear together, but discovering you have metastatic, or stage IV, breast cancer can make a bad situation feel impossibly worse. A lot of this fear stems from some common misunderstanding about what metastatic breast cancer is, how it spreads, what the prognosis is, and available treatments. The word “metastatic” simply means that the cancer has spread to other parts of the body Read the full story
Death rates from liver cancer increased 43% for American adults from 2000 to 2016, according to a report released Tuesday. Read the full story
Without any public scrutiny, insurers and data brokers are predicting your health costs based on data about things like race, marital status, how much TV you watch, whether you pay your bills on time or even buy plus-size clothing. Read the full story
It's a well-known fact among my family and friends that I have a longstanding fear of needles. I don't just mean I get nervous before my annual trip to the doctor's office. I mean there have been several occasions when I've gotten so lightheaded from a shot that I've almost passed out on the offic ... Read the full story
People with blood in the stool are more likely to die of cancer, but also from other causes, researchers in Scotland report. Read the full story
Smallpox was eradicated decades ago, but small samples of the virus were saved for research purposes and some worry it could be used as a biological weapon Read the full story
Hot weather can influence cognitive performance, according to new research. Young adults living in non-air-conditioned dorms during a heat wave performed worse on math and attention tests. Read the full story
At times, we all rely on the internet to diagnose our symptoms. But you can’t believe everything you see online. Here are the health apps and sites you can trust. Read the full story
\Urgent care clinics are prescribing too many unnecessary antibiotics, study says
The Washington Post
Nearly half of patients who go to urgent care clinics seeking treatment for flu or a cold and other conditions that do not require an antibiotic received a prescription for one anyway. Read the full story
17 financial perks of being the president of the United States
Business Insider
President Donald Trump and First Lady Melania Trump have unlimited access to Air Force One. The prestigious title of president of the United States comes with benefits and perks that are just as luxurious. US presidents earn a $400,000 salary while in office, but that's not the only financial perk. Presidents also have access to a country home, a personal plane, a helicopter, and a post-presidency pension. Besides having the most prestigious title in the United States, presidents have several Read the full story
U.S. Secretary of the Treasury Steven Mnuchin testifies to the House Financial Services hearing on state of the international financial system on Capitol Hill in Washington Thomson Reuters WASHINGTON (Reuters) - The U.S. Treasury said on Monday that it will no longer require certain tax-exempt organizations including politically active nonprofit groups, such as the National Rifle Association and Planned Parenthood, to identify their financial donors to U.S. tax authorities. The policy change, Read the full story
Fairfax Global Markets CEO Paul Dietrich and conservative author Kristin Tate on the strength of the U.S. economy and whether the Federal Reserve will be more moderate when it comes to raising interest rates. Read the full story
By Zia Qureshi, “The copyright and patent laws we have today look more like intellectual monopoly than intellectual property,” wrote Brink Lindsey and Steven Teles in their recent book about the US economy. Concerns about overprotection of intellectual property acting as a barrier to innovation and its diffusion are not new. But they have gained... Read the full story
__Happy Monday and welcome back to On The Money__, where we’re still trying to wrap our heads around [](http://thehill.com/
Two security experts from the Department of Energy's Idaho National Laboratory drove to San Antonio, Texas, in March 2017 with a sensitive mission: to retrieve dangerous nuclear materials from a nonprofit research lab there. Read the full story
Lava that's still flowing from the Kilauea volcano has now created a tiny new island off the coast of Hawaii. The island is part of the lava flow that extends underwater away from the coastline. Read the full story
More than a quarter of Canadians are already facing serious financial hardship, according to the findings of a new study released today as part of an examination of poverty. Read the full story
How the US dollar could turn emerging market fortunes around if the Chinese yuan maintains its value
South China Morning Post
Nicholas Spiro says a stabilising US dollar and the sell-off in emerging market stocks last quarter means developing economies could be attractive once again Read the full story
Venezuelans suffer as economic crisis worsens Read the full story
Particularly in the case of Puerto Rico's Hurricane Maria Read the full story
Qatari envoy sheds light on US plans for Gaza
Aljazeera
Mohammed al-Emadi is the director of a Gaza reconstruction committee set up by Qatar's ministry of foreign affairs to administer a $407m grant from HH Sheikh Khalifa Bin Hamad Al Thani to rebuild Gaza's destroyed infrastructure in 2012. Emadi spoke to Al Jazeera about his work in Gaza and his efforts to ease the tension between Israel and Hamas. He said Hamas and Israel were engaged in indirect talks over multiple issues concerning the conflict, and reached a tacit understating to keep their Read the full story
The government says it is responding to arson attacks, but Hamas warns of "dangerous consequences". Read the full story
The BBC has copies of texts and voicemails revealing Qatar’s tortuous negotiations to free kidnapped royals. Read the full story
In parched Afghanistan, drought sharpens water dispute with Iran
Reuters
Rafiqullah Dawoodzai says his fields were too dry to sow crops this year, the first time he has skipped a growing season in more than 40 years. The 60 acres he farms lie along the banks of Afghanistan's Helmand River, but the country lacks the infrastructure to use its waters for large-scale irrigation. Read the full story
Protests spread, turn deadly in Iraq: At least 8 are dead, dozens hurt
CNN
At least eight people are dead and dozens injured in weeklong protests over jobs and basic services, Iraq's Ministry of Health spokesman Saif al-Bader said Monday. Read the full story
Iraq: Deadly Basra protests spread to other cities
Aljazeera
Protests have spread to more Iraqi cities after a week of violent demonstrations in the oil-rich city of Basra where at least seven people were killed, dozens wounded, and hundreds arrested, police and activists said. Monday's protests took place in the eastern province of Diyala and the southern city of Nasiriyah, according to AFP news agency. The unrest first erupted in Basra on July 8 when security forces opened fire, killing one person. Protesters accused the government of failing to provide Read the full story
Protesters at Iraq's Siba gas field demand jobs, better services
Reuters
About 200 protesters gathered at the main entrance to Iraq's Siba natural gas field on Monday, police sources said, following more than a week of unrest over poor services sweeping southern cities amid political uncertainty. Read the full story
AFRICA
Nigeria: Lagos Wastewater Plants Pack Up, Spark Epidemic Concerns
AllAfrica
Fears that the planned new dawn for Lagos wastewater plants will remain an illusion heightened last week with information that the needed funds are yet to be released for the revamping of the moribund plants. Wastewater Management in Lagos State as the case in other parts of Nigeria is minimal, with only a fraction of wastewater being treated. Sanitation systems currently used in Lagos State include both government and private facilities. A small number of publicly owned plants are available to Read the full story
Zimbabwe: African Development Bank Signs Agreements With Local Firms
AllAfrica
The African Development Bank (AfDB) has signed two non-disclosure agreements with Zimbabwean companies,which pave the way for the sharing of information amid optimism the bank would disburse funding to the private sector. The agreements were signed when a high-powered AfDB delegation visited the country last month and hosted a dialogue meeting with the private sector players. Abdu Mukhtar, director of Industrial and Trade Development at AfDB, told Standardbusiness in Abuja last week that the Read the full story
Zimbabwe inflation quickens to 2.91pct in June
Source
HARARE, July 16 (The Source) - Zimbabwe’s consumer price inflation quickened to 2.91 percent year-on-year in June from 2.71 percent in May, data from the national statistics agency showed on Monday. On a month-on-month basis, inflation stood at -0.05 percent after shedding 0.08 percentage points on the May rate of 0.03 percent, the Zimbabwe National... Read the full story
Tanzania now wades into eco-friendly tourism
FurtherAfrica
In the wake of global warming and negative effects of climate change, Tanzania is spearheading a new form of tourism, an environment friendly form of hospitality industry. Read the full story
Switzerland unblocks US$60M seized in Angola
FurtherAfrica
Angola’s Attorney General Office has confirmed the release of USD 60 million frozen in April this year in Switzerland on suspicion of money laundering. Read the full story
Angola Finance Ministry pays back salary of 41,443 employees
FurtherAfrica
At least 60% of the 64,772 employees cases that were in irregular conditions and whose salaries had been deactivated from the Civil Service, have now the issue already sorted out by the Finance Ministry. Read the full story
What's a sensory safari – and why should I go on one?
The Telegraph
So, where else in nature do you find a spiral?” Rob Janisch, safari guide-cum-ecology tutor, holds aloft the shell of an African land snail. Read the full story
Property price and sales growths represent a defiance of government controls to cool the market Read the full story
Read more: https://www.cnbc.com/2018/07/
Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar was on the defensive ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony. Read the full story
Gordon G. Chang Economics, Asia Beijing is prepared to push the world into another recession. The Chinese economy is in distress, and the country’s currency and markets, reflecting unease, are tumbling. Xi Jinping, the Chinese ruler, has no solutions. The only thing he is doing is incurring more debt. That’s extremely unfortunate because an overly indebted Beijing is again set to push the world into recession. China, through predatory policies, precipitated the global downturn last decade, and Read the full story
Japan, EU sign trade deal to eliminate nearly all tariffs
ABC News
Japan, EU sign deal to eliminate nearly all tariffs, countering Trump moves on trade Read the full story
Last week marked President Trump's first official visit to the United Kingdom. It is a symbolic moment for both countries, recognising our unique and close bond. It is a chance to strengthen our bilateral relationships across trade, security and defence: the highest level of special, as the President has said. I was able to greet President Trump as he stepped onto British soil to show him a modern Britain that is outward-looking and ambitious. A Britain that can deliver for the people of both Read the full story
The president of the European Council has warned world powers against starting a trade war. Donald Tusk made the comment as EU leaders meet their Chinese counterparts in Beijing during a two-day summit. China wants to present a united front against US President Donald Trump's trade tariffs and the summit with the EU has provided a timely opportunity. Al Jazeera's Adrian Brown reports from Beijing. Read the full story
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GLOBAL/NEWS/INFO
Today in History
My San Antonio
Today in History Today is Tuesday, July 17, the 198th day of 2018. There are 167 days left in the year. Today's Highlights in History: On July 17, 1944, during World War II, 320 men, two-thirds of them African-Americans, were killed when a pair of ammunition ships exploded at the Port Chicago Naval Magazine in California. Read the full story
IHOP Is Offering 3 Pancakes for 60 Cents Today. Here's How to Get Yours
MoneyFrom 7 a.m. to 7 p.m. on July 17 the international House of Pancakes will be offering three buttermilk pancakes for 60 cents. Read the full story
How Not to Invest Your Lottery Jackpot
BloombergNon-stop business knowledge Get more on The Bloomberg App If you’re unaccustomed to having a lot of money and just happen to win $375 million in tonight’s MegaMillions jackpot, consider thinking before you act on your absurdly lucky change of fortune. An instant infusion of unexpected wealth through the lottery, inheritance or riding the wave of a Silicon Valley startup may not always result in the happily-ever-after most people expect, but it’s usually the start of a long journey of Read the full story
I bought groceries at Whole Foods with the new Prime member discounts—here's how much I saved
Here's how much you can save at Whole Foods if you're an Amazon Prime member.Read more: https://www.cnbc.com/2018/07/
5 traits of the most successful teams, according to Google
Google researchers "found that what really mattered was less about who is on the team and more about how the team worked together," writes CEO Elle Kaplan.Read more: https://www.cnbc.com/2018/07/
3 entrepreneurs reveal what they learned after setting up their businesses
The three businesswomen talk about what they wish they’d known at the beginning.Read more: https://www.cnbc.com/2018/07/
7/16: CBS Evening News
CBS NewsTrump fails to push Putin on election meddling; Set of old family photos inspires stranger to find their rightful owners Read the full story
Jeff Bezos Becomes the Richest Man in Modern History, Topping $150 Billion
BloombergNon-stop business knowledge Get more on The Bloomberg App Jeff Bezos is the richest person in modern history. The Amazon.com Inc. founder’s net worth cracked $150 billion in New York on Monday, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person. Bezos, 54, also has topped Gates in inflation-adjusted terms. The $100 billion mark that Gates hit briefly in 1999 at the height of the dot-com boom Read the full story
Earth had its third-warmest June amid sizzling global records
AxiosGlobal average temperature anomalies during June 2018, based on NASA data. Earth had its third-warmest June on record this year, according to NASA data on Monday. The month saw numerous heat milestones set worldwide, from the U.S. to the Middle East. Why this matters: The planet is headed for a top 5 warmest year despite the lack of an El Niño event in the tropical Pacific Ocean, which would help boost temperatures in addition to human-caused global warming. What NASA found: According to NASA, Read the full story
One of the biggest — and often costliest — retirement mistakes investors are making today
CNBCMore than $1 trillion has poured into target-date funds, and many investors are opting for them in their 401(k) plans. Experts warn that often this hands-off approach can backfire by failing to account for other factors, like income changes and life expectancy. Read the full story
OIL/COMMODITIES/ENERGY
Bullion bulls: This mobile app turns gold into a digital currency
MarketWatch
Glint, a London-based fintech, makes it possible to use gold to make retail purchases. Read the full story
Gold prices flat as dollar steady ahead of Fed speech
Gold prices were steady as the U.S. dollar remained largely unchanged ahead of the U.S. Federal Reserve Chairman Jerome Powell's first congressional testimony.Read more: https://www.cnbc.com/2018/07/
Gold Falls as Lower Dollar, Data Weigh
Investing.com© Reuters. Gold was lower on Monday. Read the full story
Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway.
Read more: https://www.cnbc.com/2018/07/
Crude Oil Prices Settle 4% Lower as Traders Cut Supply Shortage Bets
Investing.comCommodities Jul 16, 2018 18:35 GMT Investing.com – WTI crude oil prices settled sharply lower Monday, pressured by expectations for an increase in supplies after U.S. Treasury Secretary Steve Mnuchin said some crude importers may receive waivers to continue buying supplies from Iran. On the New York Mercantile Exchange crude futures for August delivery fell 4.2% to settle at $68.06 a barrel, while on London’s Intercontinental Exchange, Brent fell 4.5% to trade at $71.92 a barrel. "We want people Read the full story
Opinion: Trump may succeed in pushing down oil and gas prices after all
MarketWatchSo here’s what you ought to do with your energy investments. By Nigam Arora. Read the full story
How does the largest commodities buyer become a price maker? Owning an offshore exchange is a start
South China Morning PostChina is hoping to have a long-term say in setting commodity prices as it looks to cut the dominance of exchanges in Chicago, London and New York Read the full story
BANKS/BANKING/CREDIT
HKMA and seven banks to jointly launch blockchain-based trade finance platform in September
South China Morning Post
Tuesday, 17 July 2018, 8:03:PM The Hong Kong Monetary Authority and seven local lenders will launch a trade finance platform using blockchain technology in September, reflecting efforts by the city to bolster fintech development and close the gap with regional rival Singapore. “This trade finance platform is the first large-scale multi-bank blockchain project in Hong Kong arising from the fruitful results of one of the HKMA’s proof-of-concept works on trade finance in 2017,” said Howard Lee, Read the full story
Online banks lead the way in high-rate savings accounts
CBS NewsIf you're looking for the best interest rate for you money, don't even think about brick-and-mortar bank branches Read the full story
Bank of America CEO: Our mobile banking strength 'goes far beyond the millennials'
CNBCJim Cramer sits down with Bank of America Chairman and CEO Brian Moynihan after earnings to crunch the numbers and hear what’s next for the financial giant. Read the full story
U.S. banks depositors shifting money, asking for higher rates
ReutersSlowly but surely, depositors are starting to shift money from basic U.S. bank accounts to products that pay more than a sliver of a percent in interest. Read the full story
Derivatives trading continues to sizzle as banks report stellar second-quarter earnings
Business InsiderBanks are having another strong quarter in equities. Wall Street banks have followed up their stellar 2018 debut in stock trading with another robust performance in equities in the second quarter. JPMorgan Chase, Citigroup, and Bank of America Merrill Lynch all saw strong second-quarter earnings in the past week, with each reporting a second consecutive standout performance from their equities divisions. Derivatives trading, which has particularly benefited from the rebound in volatility, has Read the full story
Bank of America has 1,720 fewer branches than in 2008
CNN MoneyBank of America announced on Monday that for the first time more of its customers made more deposits on mobile devices like smartphones and tablets than in person at branches. Read the full story
Trump tax cuts help Bank of America have most profitable start in history
New York PostBank of America is off to the most profitable start to a year in its 114-year history. Aided by a tail wind created by the Trump tax cuts, the bank on Monday reported a 33 percent spike in second-quarter profits — exceeding expectations. The increased in profits, to $6.8 billion — more than the $5.9 billion Wall Street expected — was the 14th straight quarter of improved earnings. Chief Executive Brian Moynihan said his bank also benefited from a jump in lending and from its continued move to Read the full story
Half of millennials say their credit scores are holding them back
New York PostMany millennials are buckling under the weight of bad credit. When Joe went to put a $2,000 down payment on his first car (which cost $11,000), he didn’t think it would be too difficult. The high school English teacher, who declined to give his last name, was 25 at the time, had been teaching for almost two years and was earning about $58,000 a year. But the deal skid to a halt after his poor credit history emerged. “I was told I had to put down more money than I could afford, or find a cosigner Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things To Know In The Market On Tuesday
Investing.com
Top 5 things to know today in financial markets Read the full story
ETFs for a recession
Fox NewsWill an economic slowdown dent ETF growth? Read the full story
Day Ahead: Top 3 Things to Watch
Investing.comStock Markets Jul 16, 2018 20:23 GMT Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. J&J, Goldman Sachs {{0|Goldman Sachs}}) Lead Earnings Report Two Dow components will headline earnings reports ahead of trading Tuesday. Johnson & Johnson (NYSE:JNJ) is forecast to earn $2.07 per share for the latest quarter on revenue of $20.39 billion. But apart from the numbers, investors will be listening to the conference call for any updates about a recent judgment Read the full story
Options Markets Show A Creeping Fear That 2018's Winners Will Fall Flat
Investor's Business DailyTraders are starting to worry that U.S. technology and domestically focused stocks are getting tired of winning. Read the full story
The bond market may be raising recession fears, but don't expect one anytime soon
CNBCA trend in the bond market that has a long history of foreboding accuracy has kindled talk of a recession, but it could be a long conversation. Read the full story
IMF warns U.S. vulnerable in escalating trade fight
ReutersThe International Monetary Fund warned on Monday that escalating and sustained trade conflicts are increasingly likely, threatening to derail economic recovery and depress medium-term growth prospects. Read the full story
CRYPTO'S / DIGITAL CURRENCY
IBM backs FDIC-insured Stronghold cryptocurrency
VentureBeat
Stronghold is launching a cryptocurrency that is insured by the Federal Deposit Insurance Corp., and IBM will explore how to use it on its own IBM Blockchain Platform. The move is aimed at instilling more trust in cryptocurrency and increasing its usefulness based on the technical advantages of blockchain, which is a decentralized, secure, and... Read the full story
Bitcoin's Road Back to $7K (And the Chart Hurdles In the Way)
CoinDesk
Bitcoin is inching its way closer to the $7000 dollar range, but there are key technical hurdles in its way to greener pastures. Read the full story
International Finance Watchdog In Surprise Bitcoin Backing As It Reveals Crypto Stocktake
Forbes Magazine
The FSB is headed by Bank of England governor, and bitcoin and crypto sceptic, Mark Carney... Read the full story
Institutional money is growing the crypto space, says Coinbase vice president
Institutional investments in cryptocurrency are helping to grow the industry, Coinbase Vice President and General Manager Adam White told CNBC.
Read more: https://www.cnbc.com/2018/07/
Bitcoin's Road Back to $7K (And the Chart Hurdles In the Way)
CoinDesk
Bitcoin is inching its way closer to the $7000 dollar range, but there are key technical hurdles in its way to greener pastures. Read the full story
Coinbase reportedly gets approval from U.S. regulators to start listing tokenized securities
TechCrunch
Coinbase shared big news Monday that federal regulators are allowing the ... Read the full story
Institutional money is growing the crypto space, says Coinbase vice president
CNBC
Institutional investments in cryptocurrency are helping to grow the industry, Coinbase Vice President and General Manager Adam White told CNBC. Read the full story
Report: World's Biggest Asset Manager BlackRock Exploring Bitcoin
CoinDesk
Global investment management company BlackRock may be mulling a move into bitcoin futures, according to a report. Read the full story
A Crypto Exchange Is Buying Back $24 Million-Worth of Its Own Tokens
CoinDesk
Crypto exchange FCoin is to buy back 100 million of its own tokens to provide capital for a new fund of funds. Read the full story
CURRENCIES
Forex - Dollar Slides Lower Ahead of Powell Testimony
Investing.com
© Reuters. Dollar slides lower ahead of Powell testimony Read the full story
Heritage World & Ancient Coins and World Currency Auctions reach $4.38 million
ArtdailyLed by strong bidding across the board, especially for Chinese coins and currency, Heritage Auctions' World Coins & Ancient Coins Auction and its World Currency Auction in Hong Kong combined to bring $4.38 million. With a combined sell-through rate of 94 percent by value, the events added up to the company's third-largest event ever held in Hong Kong. When combined, the two events yielded the second-highest average lot value of any Heritage event in Hong Kong: $2,946. "We continue to see solid Read the full story
The US dollar is surging, and that could spell trouble for markets
CNBCThe U.S. dollar has quietly crept to its highest levels of the year. One portfolio manager warns investors not to ignore the headwinds created by a surging greenback. Read the full story
The US Has 4.6 Million Foreign Gold Coins Stashed in a Vault in New York
VICEThe coins were supposed to be melted into gold bars, but were instead preserved in a vault. Read the full story
INSURANCE / HEALTH / SCIENCE
8 Things Doctors Wish You Knew About Metastatic Breast Cancer
HealthiNation
For starters, don’t read about survival rates on the internet. “Breast” and “cancer” are never two words you want to hear together, but discovering you have metastatic, or stage IV, breast cancer can make a bad situation feel impossibly worse. A lot of this fear stems from some common misunderstanding about what metastatic breast cancer is, how it spreads, what the prognosis is, and available treatments. The word “metastatic” simply means that the cancer has spread to other parts of the body Read the full story
Liver cancer death rate in US surged 43% in 16 years
CNNDeath rates from liver cancer increased 43% for American adults from 2000 to 2016, according to a report released Tuesday. Read the full story
Health Insurers Are Vacuuming Up Details About You — And It Could Raise Your Rates
ProPublicaWithout any public scrutiny, insurers and data brokers are predicting your health costs based on data about things like race, marital status, how much TV you watch, whether you pay your bills on time or even buy plus-size clothing. Read the full story
I Tried Hydration Therapy, and Here's How It Helped Boost My Low Energy
POPSUGARIt's a well-known fact among my family and friends that I have a longstanding fear of needles. I don't just mean I get nervous before my annual trip to the doctor's office. I mean there have been several occasions when I've gotten so lightheaded from a shot that I've almost passed out on the offic ... Read the full story
Blood in the stool could point to more than colon cancer
NBC NewsPeople with blood in the stool are more likely to die of cancer, but also from other causes, researchers in Scotland report. Read the full story
FDA OK's first drug to treat smallpox, in case of terror attack
CBS NewsSmallpox was eradicated decades ago, but small samples of the virus were saved for research purposes and some worry it could be used as a biological weapon Read the full story
Heat Making You Lethargic? Research Shows It Can Slow Your Brain, Too
NPRHot weather can influence cognitive performance, according to new research. Young adults living in non-air-conditioned dorms during a heat wave performed worse on math and attention tests. Read the full story
There is good health and fitness advice on the web—here's how to find it
Popular ScienceAt times, we all rely on the internet to diagnose our symptoms. But you can’t believe everything you see online. Here are the health apps and sites you can trust. Read the full story
The Washington Post
Nearly half of patients who go to urgent care clinics seeking treatment for flu or a cold and other conditions that do not require an antibiotic received a prescription for one anyway. Read the full story
USA/CANADA
17 financial perks of being the president of the United States
Business Insider
President Donald Trump and First Lady Melania Trump have unlimited access to Air Force One. The prestigious title of president of the United States comes with benefits and perks that are just as luxurious. US presidents earn a $400,000 salary while in office, but that's not the only financial perk. Presidents also have access to a country home, a personal plane, a helicopter, and a post-presidency pension. Besides having the most prestigious title in the United States, presidents have several Read the full story
U.S. Treasury moves to protect identities of 'dark money' political donors
Business InsiderU.S. Secretary of the Treasury Steven Mnuchin testifies to the House Financial Services hearing on state of the international financial system on Capitol Hill in Washington Thomson Reuters WASHINGTON (Reuters) - The U.S. Treasury said on Monday that it will no longer require certain tax-exempt organizations including politically active nonprofit groups, such as the National Rifle Association and Planned Parenthood, to identify their financial donors to U.S. tax authorities. The policy change, Read the full story
Will the Federal Reserve deflate the US economy?
Fox NewsFairfax Global Markets CEO Paul Dietrich and conservative author Kristin Tate on the strength of the U.S. economy and whether the Federal Reserve will be more moderate when it comes to raising interest rates. Read the full story
Intellectual property, not intellectual monopoly
SourceBy Zia Qureshi, “The copyright and patent laws we have today look more like intellectual monopoly than intellectual property,” wrote Brink Lindsey and Steven Teles in their recent book about the US economy. Concerns about overprotection of intellectual property acting as a barrier to innovation and its diffusion are not new. But they have gained... Read the full story
On The Money: US files complaints at WTO against five trading partners | House leaders reveal deal to boost business investment | Mnuchin says US will consider Iran oil sanctions waivers
The Hill__Happy Monday and welcome back to On The Money__, where we’re still trying to wrap our heads around [](http://thehill.com/
Plutonium went missing in San Antonio, but the government says nothing
My San AntonioTwo security experts from the Department of Energy's Idaho National Laboratory drove to San Antonio, Texas, in March 2017 with a sensitive mission: to retrieve dangerous nuclear materials from a nonprofit research lab there. Read the full story
Lava from the Hawaii volcano has created a tiny new island off its coast
CNNLava that's still flowing from the Kilauea volcano has now created a tiny new island off the coast of Hawaii. The island is part of the lava flow that extends underwater away from the coastline. Read the full story
1 in 6 Canadians struggling with finances, survey finds
CBC NewsMore than a quarter of Canadians are already facing serious financial hardship, according to the findings of a new study released today as part of an examination of poverty. Read the full story
EMERGING MARKETS
How the US dollar could turn emerging market fortunes around if the Chinese yuan maintains its value
South China Morning Post
Nicholas Spiro says a stabilising US dollar and the sell-off in emerging market stocks last quarter means developing economies could be attractive once again Read the full story
Venezuelans suffer as economic crisis worsens
TRT WorldVenezuelans suffer as economic crisis worsens Read the full story
This Report Makes it Clear FEMA Was Not Prepared for 2017's Hurricane Season
EsquireParticularly in the case of Puerto Rico's Hurricane Maria Read the full story
MIDDLE EAST
Qatari envoy sheds light on US plans for Gaza
Aljazeera
Mohammed al-Emadi is the director of a Gaza reconstruction committee set up by Qatar's ministry of foreign affairs to administer a $407m grant from HH Sheikh Khalifa Bin Hamad Al Thani to rebuild Gaza's destroyed infrastructure in 2012. Emadi spoke to Al Jazeera about his work in Gaza and his efforts to ease the tension between Israel and Hamas. He said Hamas and Israel were engaged in indirect talks over multiple issues concerning the conflict, and reached a tacit understating to keep their Read the full story
Israel suspends fuel deliveries to Gaza over arson attacks
BBC News USThe government says it is responding to arson attacks, but Hamas warns of "dangerous consequences". Read the full story
'Billion dollar ransom': Did Qatar pay record sum?
BBC News USThe BBC has copies of texts and voicemails revealing Qatar’s tortuous negotiations to free kidnapped royals. Read the full story
In parched Afghanistan, drought sharpens water dispute with Iran
Reuters
Rafiqullah Dawoodzai says his fields were too dry to sow crops this year, the first time he has skipped a growing season in more than 40 years. The 60 acres he farms lie along the banks of Afghanistan's Helmand River, but the country lacks the infrastructure to use its waters for large-scale irrigation. Read the full story
Protests spread, turn deadly in Iraq: At least 8 are dead, dozens hurt
CNN
At least eight people are dead and dozens injured in weeklong protests over jobs and basic services, Iraq's Ministry of Health spokesman Saif al-Bader said Monday. Read the full story
Iraq: Deadly Basra protests spread to other cities
Aljazeera
Protests have spread to more Iraqi cities after a week of violent demonstrations in the oil-rich city of Basra where at least seven people were killed, dozens wounded, and hundreds arrested, police and activists said. Monday's protests took place in the eastern province of Diyala and the southern city of Nasiriyah, according to AFP news agency. The unrest first erupted in Basra on July 8 when security forces opened fire, killing one person. Protesters accused the government of failing to provide Read the full story
Protesters at Iraq's Siba gas field demand jobs, better services
Reuters
About 200 protesters gathered at the main entrance to Iraq's Siba natural gas field on Monday, police sources said, following more than a week of unrest over poor services sweeping southern cities amid political uncertainty. Read the full story
AFRICA
Nigeria: Lagos Wastewater Plants Pack Up, Spark Epidemic Concerns
AllAfrica
Fears that the planned new dawn for Lagos wastewater plants will remain an illusion heightened last week with information that the needed funds are yet to be released for the revamping of the moribund plants. Wastewater Management in Lagos State as the case in other parts of Nigeria is minimal, with only a fraction of wastewater being treated. Sanitation systems currently used in Lagos State include both government and private facilities. A small number of publicly owned plants are available to Read the full story
Zimbabwe: African Development Bank Signs Agreements With Local Firms
AllAfrica
The African Development Bank (AfDB) has signed two non-disclosure agreements with Zimbabwean companies,which pave the way for the sharing of information amid optimism the bank would disburse funding to the private sector. The agreements were signed when a high-powered AfDB delegation visited the country last month and hosted a dialogue meeting with the private sector players. Abdu Mukhtar, director of Industrial and Trade Development at AfDB, told Standardbusiness in Abuja last week that the Read the full story
Zimbabwe inflation quickens to 2.91pct in June
Source
HARARE, July 16 (The Source) - Zimbabwe’s consumer price inflation quickened to 2.91 percent year-on-year in June from 2.71 percent in May, data from the national statistics agency showed on Monday. On a month-on-month basis, inflation stood at -0.05 percent after shedding 0.08 percentage points on the May rate of 0.03 percent, the Zimbabwe National... Read the full story
Tanzania now wades into eco-friendly tourism
FurtherAfrica
In the wake of global warming and negative effects of climate change, Tanzania is spearheading a new form of tourism, an environment friendly form of hospitality industry. Read the full story
Switzerland unblocks US$60M seized in Angola
FurtherAfrica
Angola’s Attorney General Office has confirmed the release of USD 60 million frozen in April this year in Switzerland on suspicion of money laundering. Read the full story
Angola Finance Ministry pays back salary of 41,443 employees
FurtherAfrica
At least 60% of the 64,772 employees cases that were in irregular conditions and whose salaries had been deactivated from the Civil Service, have now the issue already sorted out by the Finance Ministry. Read the full story
What's a sensory safari – and why should I go on one?
The Telegraph
So, where else in nature do you find a spiral?” Rob Janisch, safari guide-cum-ecology tutor, holds aloft the shell of an African land snail. Read the full story
ASIA
China’s new home prices in June rise fastest in 20 months
South China Morning PostProperty price and sales growths represent a defiance of government controls to cool the market Read the full story
Asian shares subdued after mixed close on Wall Street; energy stocks under pressure
Asian stocks were subdued early on Tuesday, following the mixed close on Wall Street as investors shifted their focus to corporate earnings and as oil prices fell.Read more: https://www.cnbc.com/2018/07/
Asia stocks sag after oil tumbles, dollar on defensive before Fed speech
ReutersAsian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar was on the defensive ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony. Read the full story
Trade Troubles: China Is Poised to Bring Down the Global Economy
The National InterestGordon G. Chang Economics, Asia Beijing is prepared to push the world into another recession. The Chinese economy is in distress, and the country’s currency and markets, reflecting unease, are tumbling. Xi Jinping, the Chinese ruler, has no solutions. The only thing he is doing is incurring more debt. That’s extremely unfortunate because an overly indebted Beijing is again set to push the world into recession. China, through predatory policies, precipitated the global downturn last decade, and Read the full story
EUROPE
Japan, EU sign trade deal to eliminate nearly all tariffs
ABC News
Japan, EU sign deal to eliminate nearly all tariffs, countering Trump moves on trade Read the full story
After Trump's landmark visit to the UK, it's important to keep investment soaring and break down trade barriers
Business InsiderLast week marked President Trump's first official visit to the United Kingdom. It is a symbolic moment for both countries, recognising our unique and close bond. It is a chance to strengthen our bilateral relationships across trade, security and defence: the highest level of special, as the President has said. I was able to greet President Trump as he stepped onto British soil to show him a modern Britain that is outward-looking and ambitious. A Britain that can deliver for the people of both Read the full story
US trade tariffs take the spotlight in EU-China summit
AljazeeraThe president of the European Council has warned world powers against starting a trade war. Donald Tusk made the comment as EU leaders meet their Chinese counterparts in Beijing during a two-day summit. China wants to present a united front against US President Donald Trump's trade tariffs and the summit with the EU has provided a timely opportunity. Al Jazeera's Adrian Brown reports from Beijing. Read the full story
d
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
The CBI for Wedneesday 7/18/18 did update on the indicative rates Sell Rate 1190
The currency auction is 181,989,153
There is one news and announcements for Wednesday 7/11/18
The CBI for Wednesday 7/18/18 did update on the indicative rates Sell Rate 1190
Shares Traded:
2,519,518,978
Value Traded:
1,109,162,625
ISX ended in Red
Kauaihn Chatter:
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.
7-17-2018 Newshound Guru chattels I find myself favoring a new terminology for the liquidity event we hope for as value and return from our investment in the IQD. My new word for it is " Reset ". I no longer believe in an " RI or RV ". I am still concerned about a " Lop" and arguably all currencies " Float ". Perhaps a " Reset " is some workable form of all of the foregoing? My active thought is that we cannot rule out anything and must allow for that which we may not like. In any event we must all find a theory which sustains us and the hope of a good outcome. If we do not finish the race we cannot know whether there will be a prize for participation at a minimum, eh?
7-17-2018 Intel Guru Frank26 Iraq still has a seated government and Abadi still the PM. IMO the smooth transition from the same government to the new government will have the same affect...the same results. A newly seated government, less Malaki, Iran and Iran’s General’s corruption with be a “suitable environment” to RI their currency...as Abadi and the CBI requested. And so did Dr. Shabibi. The Iranian influence is disappearing. With the government. With the citizens. The Iranian Generals are losing their ability to protect Malaki. Malaki as no longer a VP is no longer protected with immunity. Arrest warrants await him. Malaki will fight along with his fake media to the very end. If given a Parliamentary seat it’s only to keep the peace. IMO, Malaki’s power is gone. No longer influential or able to use fear tactics to support his sugar daddy Iran. In the next two weeks, somewhere IMO, around the 18-19 to around the 25th we should have a seated government. No matter what I say right now about our investment, it would be hard to believe...the game has changed and I believe that leaks are causing us to be quiet...Our noses are pressed up against the wall of the RI, IMO and there is no room to the right or to the left. [post 2 of 2]
7-17-2018 Intel Guru Frank26 [via sunny] IMO: Encouraged Sadr and Abadi to sit their new government and Abadi as new PM to expedite many things as soon as possible. The RI being one of them. IHO with Malaki controlling things they could not have pulled off the RI. Nor IHO would Iraq and the fantastic four have allowed Malaki and his people to profit from the RI. Citizens of Iraq protesting against Malaki and the corruption he represents; against Iran and the lack of jobs. It’s the coming together where they look at their government as friends not as their political enemies. Iran knows they are being picked on so Iran takes advantage of no government seated right now. Paid jerks to go to Basra and pretend they‘re protesting against Abadi. They are not and you know that don't you. Malaki’s media is not going to work this time. Malaki and Iran taking advantage of the not seated government right now, adding fire and lies to it... I believe we are soon to see a seated government. ...Once it’s seated officially they can do a lot of things. Those are the things we don’t want to talk about. [post 1 of 2 ....stay tuned]
7-17-2018 Newshound/Intel Guru Mnt Goat You can call it whatever the hell you want but technically it’s not a revaluation in the eyes of the IMF. ...The CBI will take the dinar off the program rate and de facto peg to the USD and re-peg it to the SDR basket. It is in this process it will get reinstated back on FOREX and be launched with a the new rate. Once the dinar is reinstated and put on the “managed float”, it could go anywhere as Dr Syni Shabibi said it could withstand a market a rate of up to $16.00. He NEVER said that the Iraqi dinar would revalue at $16.00... [post 2 of 2]
7-17-2018 Newshound Guru chattels I find myself favoring a new terminology for the liquidity event we hope for as value and return from our investment in the IQD. My new word for it is " Reset ". I no longer believe in an " RI or RV ". I am still concerned about a " Lop" and arguably all currencies " Float ". Perhaps a " Reset " is some workable form of all of the foregoing? My active thought is that we cannot rule out anything and must allow for that which we may not like. In any event we must all find a theory which sustains us and the hope of a good outcome. If we do not finish the race we cannot know whether there will be a prize for participation at a minimum, eh?
7-17-2018 Intel Guru Frank26 Iraq still has a seated government and Abadi still the PM. IMO the smooth transition from the same government to the new government will have the same affect...the same results. A newly seated government, less Malaki, Iran and Iran’s General’s corruption with be a “suitable environment” to RI their currency...as Abadi and the CBI requested. And so did Dr. Shabibi. The Iranian influence is disappearing. With the government. With the citizens. The Iranian Generals are losing their ability to protect Malaki. Malaki as no longer a VP is no longer protected with immunity. Arrest warrants await him. Malaki will fight along with his fake media to the very end. If given a Parliamentary seat it’s only to keep the peace. IMO, Malaki’s power is gone. No longer influential or able to use fear tactics to support his sugar daddy Iran. In the next two weeks, somewhere IMO, around the 18-19 to around the 25th we should have a seated government. No matter what I say right now about our investment, it would be hard to believe...the game has changed and I believe that leaks are causing us to be quiet...Our noses are pressed up against the wall of the RI, IMO and there is no room to the right or to the left. [post 2 of 2]
7-17-2018 Intel Guru Frank26 [via sunny] IMO: Encouraged Sadr and Abadi to sit their new government and Abadi as new PM to expedite many things as soon as possible. The RI being one of them. IHO with Malaki controlling things they could not have pulled off the RI. Nor IHO would Iraq and the fantastic four have allowed Malaki and his people to profit from the RI. Citizens of Iraq protesting against Malaki and the corruption he represents; against Iran and the lack of jobs. It’s the coming together where they look at their government as friends not as their political enemies. Iran knows they are being picked on so Iran takes advantage of no government seated right now. Paid jerks to go to Basra and pretend they‘re protesting against Abadi. They are not and you know that don't you. Malaki’s media is not going to work this time. Malaki and Iran taking advantage of the not seated government right now, adding fire and lies to it... I believe we are soon to see a seated government. ...Once it’s seated officially they can do a lot of things. Those are the things we don’t want to talk about. [post 1 of 2 ....stay tuned]
7-17-2018 Newshound/Intel Guru Mnt Goat You can call it whatever the hell you want but technically it’s not a revaluation in the eyes of the IMF. ...The CBI will take the dinar off the program rate and de facto peg to the USD and re-peg it to the SDR basket. It is in this process it will get reinstated back on FOREX and be launched with a the new rate. Once the dinar is reinstated and put on the “managed float”, it could go anywhere as Dr Syni Shabibi said it could withstand a market a rate of up to $16.00. He NEVER said that the Iraqi dinar would revalue at $16.00... [post 2 of 2]
7-17-2018 Newshound/Intel Guru Mnt Goat ...the Iraqi dinar...will be “reinstated” back on FOREX with a rate conducive to before it was down-graded through years of sanctions according to a value around from the new SDR basket it will be pegged to. It will also be put back on a “managed float” and the market place will drive the rate upwards. The Iraqi dinar...will not “revalue”. Yes, the rate will increase from around what it was prior to the war (with equity) and this will be a new value but not a “revaluation” in the truest sense from the technical definition of the IMF in dealing with currencies. [post 1 of 2....stay tuned]
7-17-2018 Intel Guru Frank26 We told you there would come a time where we would no longer share discuss information. IMO, this is that moment in time. Is it going to happen next week? . . .next month? Again, I don’t know. No comment to those type of questions. It is at the point . . . where IMO even throwing out an opinion is just not wise.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
***********
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not on English side)
The Council of Ministers holds its regular session chaired by Prime Minister Dr. Haider Abadi
The Council of Ministers held its regular session Tuesday, July 17, 2018 under the chairmanship of the Prime Minister Dr. Haider Abadi.
The Council discussed the general situation in the country and the file of services, including the recommendations of the Committee formed by the Council of Ministers Resolution No. 262 of 2018.
With regard to the province of Basra, the Council voted on:
A - Launching the allocations for the province of Basra petrodollar to carry out the services.
B - disbursement of the province's share of the revenues of border crossings.
In the water axis, the Council voted on:
Increasing the water flow through Nazem Qal'at Salih with a level of 75 cubic meters per second and increasing the discharge of water in Al-Bida canal to 7.5 cubic meters per second.
B - running the water project in Basra at the end of next August, a pilot operation in preparation for full operation.
C - Rehabilitation of projects and the completion of work projects Umm Qasr and desalination plant FAO and Sihan
In the medium term, the implementation of projects and the expansion of existing projects provide 580,000 cubic meters per day of potable water.
E) Continuing the effort in planning and implementing the major strategic projects by benefiting from loans in addition to allocations and budget.
In the axis of electricity, the Council voted on:
1 - Give the province of Basra the power to transfer work in projects suspended due to problems associated with lack of funding or the existence of problems raised to eliminate the blocking of work or the dissolution of the contract to the Ministry of Electricity with the continuation of any previous legal or administrative procedures.
2. Authorizes the governors of the other governorates to take the same action to deal with any similar cases in their governorates.
The Cabinet discussed the provision of employment opportunities for the sons of Basra province and the rest of the provinces.
The Council also decided to form a crisis cell to follow up the status of services and the security aspect.
The Council of Ministers voted on the inclusion of retirees in Cabinet Decision No. 281 of 2017 on the organization of the process of settling salaries of employees in government institutions.
The Council approved the recommendations on activating the Law on the Care of Scholars.
The Council of Ministers directed the Ministry of Oil to prepare a comprehensive feasibility study on the project to establish a marine export base for Iraqi crude oil in coordination with the Ministry of Transport and relevant authorities and submit to the Council of Ministers.
A sovereign guarantee was voted for the Maysan Power Plant project.
The session also witnessed the vote on the sale of plot number 15/19/1970, which belongs to the General Company for Design and Implementation of Projects in the Ministry of Industry and Minerals to its occupants.
Prime Minister 's Media Office
17 July 2018
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ARTICLE 2
Abadi warns of the collapse of the state and says: freedom without responsibility become a mess [enlarged]
2018/7/17 23:50
[Ayna-Baghdad]
Prime Minister Haider al-Abadi warned of the collapse of the state after the escalation of demonstrations in the center and south.
"The most important goals since we took over the responsibility of the government is to achieve security throughout the country, which in turn will achieve economic stability and provide services to the citizens," he stressed at a weekly press conference on Tuesday.
He added that "a large part of security has been achieved and we do not want to lose our people this great gain because we have achieved great sacrifices and groans and gave mothers and grandchildren to remove the alarm from Iraq and we can not overheat this security at all," noting that "we follow the demands and needs of citizens in all provinces and These legitimate demands, and directed the directors of departments and ministries concerned to meet the real demands that can be implemented at the present time.
"All our visits to countries around the world were focused on supporting Iraq by confronting terrorism, restoring stability, improving the living standards of citizens and creating jobs," he said.
He pointed out that "we visited the province of Basra and met with representatives of a group of provinces and we personally listened to all segments of Iraqi society on the provision of services and their suffering in basic services of water and electricity and job creation for young people, and directed security forces in all provinces to maintain the safety of citizens and respect peaceful demonstration, As well as to prevent any attack on public and private property or assault on citizens. "
He added that "the duty of the government and the security services is to implement the law and protect the interests of the state and vital installations, companies, airports and all state institutions." He said: "We distinguish between legitimate demands that we listen to and respond to, and others who do not want the good of Iraq and want to exploit the peaceful manifestations to create acts of sabotage and the burning of institutions, On the police and security forces. "
"I extend my hand to all the peaceful demonstrators and tell them, let us all cooperate because I want to hear your voice and your demands and cooperate to hand over those who are among you and expose them and they must be extradited to the judiciary because they want to bring your country back and destroy it and want to waste all our achievements," he said. We have listened to many demands during the previous demonstrations and recognize that there is a defect in some joints of the state and therefore we want to listen to the citizen to alert us of the imbalances to cooperate together to accelerate the provision of services and prevent those who want to characterize the demonstrations off track.
"The security forces are the sons of the homeland and we have to keep them and listen to them as well," he said, recalling that "I called yesterday for the meeting of the political blocs to see the procedures and response. To the legitimate popular demands and agreed on a unified position that serves the interests of our people and preserves our country and follow up on popular demands along with respect for law and peaceful demonstration. "
He said, "Our fear is not from the demonstrators, but from the acts of violence by a few despicable elements, but they are organized and they want to harm the demonstrators and the country. Over the past years, the province of Basra has spent billions of dollars, but poor planning and lack of organization and waste of public funds have all This needs accountability. "
He added, "We formed a crisis cell to follow up on the demands of the demonstrators because we do not want them to be mere promises, and no one is above the law and everyone is subject to justice if he is guilty. Freedom without responsibility becomes chaos, incitement to violence is a crime and assault on security forces, Crime ", noting" we respect the media and salute reporters because they convey information and are always at risk, but there are rules must be adhered to and the media to put controls on his work. "
He stressed the "speed up the formation of the new government and parliament and the Commission to accelerate the resolution of the results and there is keenness of all political blocs to speed up the formation of the new government and parliament," explaining that "there is a state of dissatisfaction with the citizen about the political process or some politicians evidence of the participation rate in the elections" .
"The peaceful demonstration is a civilizational phenomenon, and we may hear from a citizen of a word that sings about many decisions, and part of the demands of the citizens is sound and true, but I amware of the explosion that does not serve anyone. The collapse of the state leads to great problems because everything is collapsing and we are still suffering from the collapse of the state. After the fall of the dictatorship and therefore the explosion will destroy everyone. "
He pointed out that "the person who talks about the lack of funds to provide services is not true, but the imbalance is in the implementation of the measures and the delay in their implementation generates the explosion. The citizens are very concerned and do not want to fall into the trap and we all have to cooperate, especially the leaders and politicians." If you can not do your part you have to resign and give room to others. "
Al-Abbadi concluded his conference saying: "I wish that the collection would be by the Ministry of Electricity and not the private sector. The first objective of the collection is to stop waste of energy and the citizen to feel the value of energy and stop the waste and do not exceed the network, stopping the waste and bypassing the electricity grid will be sufficient, We control the energy and stop waste even if we doubled the production will not suffice and the simple citizen will be affected first by this. "
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ARTICLE 3
Tweets posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 7-17-2018, around 5 pm Eastern
PM @HaiderAlAbadi: We are working with federal agencies and local authorities to address the legitimate grievances of the Iraqi peopleGovernment of IraqVerified account @IraqiGovt 7-17-2018, around 3 pm Eastern
PM @HaiderAlAbadi: I held meetings with leaders of political parties and blocs to discuss the formation of the next Iraqi government. There is a consensus that this process must conclude quicklyGovernment of IraqVerified account @IraqiGovt 7-17-2018, around 3 pm Eastern
PM @HaiderAlAbadi: I want to pay tribute to the journalists who are covering the protests. It is important that the media report what is happening fairly and accuratelyGovernment of IraqVerified account @IraqiGovt 7-17-2018, around 3 pm Eastern
PM @HaiderAlAbadi: Iraqis sacrificed much to defeat the terrorists and liberate our land. We will not allow a small minority who don’t have Iraq’s interests at heart to undermine our stability or threaten the safety of the Iraqi peopleGovernment of IraqVerified account @IraqiGovt 7-17-2018, around 3 pm Eastern
PM @HaiderAlAbadi: Recent protests have been largely peaceful, but I warn against elements who are using the legitimate demands of our citizens to undermine our national security for their own endsGovernment of IraqVerified account @IraqiGovt 7-17-2018, around 3 pm Eastern
PM @HaiderAlAbadi: Our security forces are carrying out their duties with dedication and professionalism. They are protecting peaceful protestors, and safeguarding public and private propertyGovernment of IraqVerified account @IraqiGovt 7-17-2018, around 3 pm Eastern
PM @HaiderAlAbadi: We have announced several measures to immediately improve the delivery of key services in Basra & other Iraqi provinces. The @IraqiGovt is working closely with local authorities to ensure that these measures are implemented swiftly and without delayGovernment of IraqVerified account @IraqiGovt 7-17-2018, around 3 pm Eastern
PM @HaiderAlAbadi: In the new Iraq, Iraqis have the right to peacefully protest, express their opinions freely & raise legitimate complaints. As a government, we have a duty to listen carefully to their demands and address their grievancesGovernment of IraqVerified account @IraqiGovt 7-17-2018, around 3 pm Eastern
PM @HaiderAlAbadi holds his weekly press conference in Baghdad, briefs media on recent protests, national security and post-elections developments.
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ARTICLE 4
Urgent: Work hard to complete the counting and sorting and announcement of results soon
2018/7/17 19:24
Abadi: Work diligently to complete the counting and sorting and announcement of results soon
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ARTICLE 5
Huge facts about the financial losses of the Internet cut in Iraq
2018/7/17 22:42
[Ayna-Baghdad]
Market Wings, a digital marketing and social media consultancy, has revealed huge financial losses to Iraq as a result of cutting off the Internet.
"The Internet is a part of life and the daily need of people in various sectors such as education, health, security and commerce," he said in a statement on Tuesday. "Governments can not invoke false pretexts And deprive this right of people according to their wishes. "
"The statements of Coastline and House Blocs, which guessed the effects and opportunities, show that shutting down Internet lines and social media makes Iraq lose $ 40 million a day," she said.
"We will follow through with our partners in the world this issue accurately, and we will continue to work to restore the digital rights of people," the company said.
The Internet service returned to Iraq Monday morning after a two-day break, the longest since the service began in 2003.
The service continues to experience general weakness in most cities. The Ministry of Communications attributed the weakness of the public and the almost complete disruption of the Internet service witnessed by most Iraqi cities since last Saturday, which coincided with the popular demonstrations continued for more than a week as a result of the maintenance and introduction of new lines of service.
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