WOTS Wednesday 7/25/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,170.4000 | 1,170.4000 | 1,170.4000 | | 20:00 |
| USD/VND | | | 23,182.5000 | 22,965.1000 | 22,965.1000 | | 05:55 |
| USD/CNY | | | 6.8046 | 6.7524 | 6.7815 | | 06:49 |
| USD/KWD | | | 0.3026 | 0.3015 | 0.3026 | | 06:47 |
| GBP/USD | | | 1.3172 | 1.3137 | 1.3150 | | 06:51 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,543.5000 | 14,432.5000 | 14,543.5000 | | 06:51 |
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DC NY Iraq Articles:dddddd
10 Parliamentary seats expected to be changed in three provinces
25 2018 12:37 PM
A well-informed source uncovered that the manual recount of votes will result in possible changes in the parliamentary elections results in Kirkuk, Anbar and Salahuddin provinces, especially after the high number of invalid votes for many winning candidates.
In a press statement, the source added that it is expected that there will be changes in at least 10 parliamentary seats in the three provinces.
The source pointed out that the 10 seats are distributed as follows; five seats in Anbar, one in Salahuudin and four in Kirkuk.
The Iraqi High Elections Commission has previously began on July 3rd, the manual recount of May 12 parliamentary election votes in Kirkuk province, before it extended to six more provinces, namely Sulaimaniya, Erbil, Dohuk, Nineveh, Salahuddin and Anbar.
In a press statement, the source added that it is expected that there will be changes in at least 10 parliamentary seats in the three provinces.
The source pointed out that the 10 seats are distributed as follows; five seats in Anbar, one in Salahuudin and four in Kirkuk.
The Iraqi High Elections Commission has previously began on July 3rd, the manual recount of May 12 parliamentary election votes in Kirkuk province, before it extended to six more provinces, namely Sulaimaniya, Erbil, Dohuk, Nineveh, Salahuddin and Anbar.
Baghdad is a list of strategic projects to be implement
25/7/2018 12:00 am
Baghdad / Wafa Amer
BAGHDAD (Reuters) - Baghdad has raised a list of important strategic projects in the water, sewage and road sectors across the province,
The province's technical deputy Jassim Mohan Bakhati told Al-Sabah that the province, keen to implement the recommendations of the crisis cell formed by the Council of Ministers to raise the level of service in Baghdad and the provinces, prepared a list of a number of strategic projects that would change the reality of services in various areas of Baghdad, The parties have been brought to the Cell Crisis Central Council of Ministers, pointing out that these projects must be receiving sufficient attention from the government to expedite the provision of financial allocations sufficient to them by instructing the Ministry of Finance to launch, especially as it includes key sectors included The cell is among the priorities of water, sewage, roads and electricity.
He explained that these projects include the central waterways of Al-Taji, as well as water projects in the bridge area, as well as completion of the project of the tunnels of Mahmudiyah and road cover in the judiciary, as well as that the regulation included the disbursement of funds allocated to the district of Husseiniya to implement water and water projects as well as infrastructure projects in Nahrawan, Abu Ghraib. The governor also recently raised a list to the cabinet containing 26 projects, but only nine projects were approved, pointing out that the province is seeking to implement the rest of the projects in coordination with companies in the term or by loans or through grants Finance of the magazine The ministers, because they are very important projects can not be canceled. He said that there are 700 projects stopped in Baghdad because of the financial crisis or the failure of the implementing companies, and the province seeks to implement, especially that achieved 80 percent completion rates to ensure that they do not. He stressed that the electricity sector is one of the important things that have received great attention by the ministerial crisis cell, which called for the province to support the ministry in the electricity sector through the implementation of underground electricity networks instead of the old networks flaccid in different areas, including Kadhimiya and Irfan and Karrada, Supporting the electricity department of the chest with 500 electric transformers within the sector east of the canal, besides that Baghdad has 10 thousand and 500 generators distributed among all regions contributed to the increase of electricity and compensation for the absence of national.
BAGHDAD (Reuters) - Baghdad has raised a list of important strategic projects in the water, sewage and road sectors across the province,
The province's technical deputy Jassim Mohan Bakhati told Al-Sabah that the province, keen to implement the recommendations of the crisis cell formed by the Council of Ministers to raise the level of service in Baghdad and the provinces, prepared a list of a number of strategic projects that would change the reality of services in various areas of Baghdad, The parties have been brought to the Cell Crisis Central Council of Ministers, pointing out that these projects must be receiving sufficient attention from the government to expedite the provision of financial allocations sufficient to them by instructing the Ministry of Finance to launch, especially as it includes key sectors included The cell is among the priorities of water, sewage, roads and electricity.
He explained that these projects include the central waterways of Al-Taji, as well as water projects in the bridge area, as well as completion of the project of the tunnels of Mahmudiyah and road cover in the judiciary, as well as that the regulation included the disbursement of funds allocated to the district of Husseiniya to implement water and water projects as well as infrastructure projects in Nahrawan, Abu Ghraib. The governor also recently raised a list to the cabinet containing 26 projects, but only nine projects were approved, pointing out that the province is seeking to implement the rest of the projects in coordination with companies in the term or by loans or through grants Finance of the magazine The ministers, because they are very important projects can not be canceled. He said that there are 700 projects stopped in Baghdad because of the financial crisis or the failure of the implementing companies, and the province seeks to implement, especially that achieved 80 percent completion rates to ensure that they do not. He stressed that the electricity sector is one of the important things that have received great attention by the ministerial crisis cell, which called for the province to support the ministry in the electricity sector through the implementation of underground electricity networks instead of the old networks flaccid in different areas, including Kadhimiya and Irfan and Karrada, Supporting the electricity department of the chest with 500 electric transformers within the sector east of the canal, besides that Baghdad has 10 thousand and 500 generators distributed among all regions contributed to the increase of electricity and compensation for the absence of national.
Kurdish opposition parties fear election fraud in Kurdistan and demand UN monitoring
2018/07/25 00:15
Baghdad today - Kurdistan
The leader of the coalition of justice and democracy, Arslan Abdullah, on Tuesday night, Wednesday, fearing Kurdish opposition parties to repeat the scenario of fraud and violations in the general parliamentary elections.
Arslan Abdullah said in an interview with "Baghdad today," that "any guarantees about the integrity of the elections of the Kurdistan Regional Parliament has not been submitted so far," accusing the Kurdistan Nationalist and Democratic parties "to practice fraud before."
Abdullah said he feared "the recurrence of the disasters that accompanied the May 12 parliamentary elections," calling on the United Nations and international organizations to "intensify their efforts to monitor the elections that will take place at the end of September."
He stressed that "the parties of the Authority is ready to do everything to win to prove the validity of the results obtained in the recent parliamentary elections."
The Kurdistan Regional Government President Nigirvan Barzani, set on September 30 next date for the elections of the Kurdistan Regional Parliament.
The parliamentary elections in the country, which took place on 12 May last, violations and fraud, was followed by a partial re-counting and counting of the results, after the adoption of the Parliament of the Third Amendment Law to the law of the House of Representatives.
Dhi Qar emergency regiment completes security duties north of Babylon
Editorial Date: 2018/7/24 22:33 • 98 times read
The fifth Dhi Qar emergency police regiment arrived in the province on Tuesday.
A statement issued by the police Dhi Qar, received the agency {Euphrates News} today that "the regiment completed the implementation of the duties assigned by the Ministry of the Interior of the command of the operations of Babylon by cutting the cliff of victory, which lasted for 17 months."
The Dhi Qar police contributed to the military operations to liberate the land in the Anbar district, Samarra and the honor of protecting the shrine of the two imams (peace be upon them) by sending a number of regiments in succession, the last of the fourth emergency regiment, which is currently combat mission.
Iraq: Surplus of the first half of the budget of 2018 amounted to more than 7 trillion dinars
In the economy of July 24, 2018 Comments on Iraq: surplus of the first half of the budget of 2018 amounted to more than 7 trillion dinars closed 34 visits
BAGHDAD / SNG - Former Finance Committee member Magda Tamimi revealed on Tuesday the surplus amount of the 2018 budget for the first six months of the year .
Tamimi said in a press statement today (24 July 2018), "The total surplus achieved during the first six months of the budget of 2018 amounted to 7.444 trillion dinars . "
She explained that "the total amount of financing the current and investment budgets amounted to 35.029 trillion dinars, compared to the achievement of oil and non-oil revenues of 42.576 trillion dinars . "
She pointed out that "the monthly rate of total revenue amounted to 7.096 trillion dinars, while the oil revenue alone as a monthly average 6.393 trillion dinars . "
The average monthly expenditure of the budget amounted to 5.484 trillion dinars, and the monthly revenue surplus achieved 1,247 trillion dinars."
Kauaihn Iraq Articles:dddddd
KRG PM meets with Saudi delegation to discuss trade ties, investment
Iraq, July 25, 2018
The Prime Minister of the Kurdistan Regional Government (KRG), Nechirvan Barzani, has met with a Saudi delegation that is currently visiting the Region to discuss potential programs to boost employment and investment in the Region and to strengthen economic and trade relations between the two governments, according to a statement released on Tuesday (July 24).
'The two sides agreed to begin making the Kurdistan Region a center of commercial and economic activity, from which investment can spread throughout Iraq,' it said.
The statement stressed “the need to start direct flights between the Kurdistan Region and Saudi Arabia and to open branches of Saudi banks in the Kurdistan Region and Iraq. The two sides committed to holding a conference for this purpose in the Kurdistan Region or Saudi Arabia, that would bring together investors and businessmen from Saudi Arabia, the Kurdistan Region, and relevant government bodies on both sides. A joint committee would be established to follow up on agreements.”
Barzani expressed his support for developing economic and trade relations between Iraq, the Kurdistan Region, and Saudi Arabia and hoped that the near future would see practical steps to developing these linkages.
A delegation from the Kingdom of Saudi Arabia is currently in the region and includes President of the Saudi Arabian Chamber of Commerce Sami bin Abdullah Al Obeidi, Saudi Ambassador to Iraq Abdulaziz Al Shammari, and Saudi Consul General in the Kurdistan Region Mansour Faisal Al Otaibi.
New US Consul General Arrives in Erbil
ERBIL — The United States has appointed a new diplomat to replace Ken Gross, the country’s consul general in Erbil.
Outgoing Consul General Ken Gross and his successor, Steven Fagin, were received by Kurdistan Region’s Prime Minister Nechirvan Barzani on Monday.
"Prime Minister Barzani wished Mr. Gross success in his next position and he highly valued his efforts during his tenure in the Kurdistan Region,” reads a statement by the Kurdistan Regional Government (KRG).
The officials exchanged views over the latest political and security developments across the region, including the public protests in Iraqi southern provinces.
They also discussed bilateral ties between Erbil and Washington. Barzani offered his government’s support to Fagin and his team while in Erbil in hopes of further strengthening the relations between the Kurdistan Region and the United States.Kurdistan Democratic announced the number and names of candidates for the Kurdistan elections
Kurdistan Democratic announced the number and names of candidates for the Kurdistan elections
http://translate.
Kurdistan Democratic announced the number and names of candidates for the Kurdistan elections
http://translate.
25/07/2018
The election institution in the Kurdistan Democratic Party on Wednesday a draw in the selection of a sequence of names of candidates wishing to run in parliamentary elections in the Kurdistan Region on the party's list. The election institution in the Kurdistan Democratic Party on Wednesday a draw in the selection of a sequence of names of candidates wishing to run in parliamentary elections in the Kurdistan Region on the party's list.
In a press conference held today in Erbil, the organization's president Khosro Koran said that the candidates presented today, filled out the forms with the required information, presented their documents and signed the pledges. In a press conference held today in Erbil, the organization's president Khosro Koran said that the candidates presented today, filled out the forms with the required information, presented their documents and signed the pledges.
He added that these candidates are the four provinces in the Kurdistan Region. He added that these candidates are the four provinces in the Kurdistan Region.
The draw was made during the conference to choose the names submitted for the elections on the list of the Democratic Party of Kurdistan. The draw was made during the conference to choose the names submitted for the elections on the list of the Democratic Party of Kurdistan.
The list is headed by Hainam Hawrami, adviser to the leader of the Democratic Party of Kurdistan and ends the sequence of the number of candidates to 100, "Delir Mohammed Karim" 30 candidates, including women. The list is headed by Hainam Hawrami, adviser to the leader of the Democratic Party of Kurdistan and ends the sequence of the number of candidates to 100, "Delir Mohammed Karim" 30 candidates, including women.
Koran said the list of names would be submitted either tomorrow or the day after. Koran said the list of names would be submitted either tomorrow or the day after.
The Independent High Commission for Elections and Referendum in the Kurdistan Region has announced earlier this morning to extend the date of receipt of the names of candidates for parliamentary elections four more days. The Independent High Commission for Elections and Referendum in the Kurdistan Region has announced earlier this morning to extend the date of receipt of the names of candidates for parliamentary elections four more days.
UNHCR spokesman Shirwan Zarrar told a press conference held in Erbil today that the Board of Commissioners and the request of some electoral lists decided to extend the registration of the names of candidates for parliamentary elections to 29/7/2018 until 10 am from the official day of the said day. UNHCR spokesman Shirwan Zarrar told a press conference held in Erbil today that the Board of Commissioners and the request of some electoral lists decided to extend the registration of the names of candidates for parliamentary elections to 29/7/2018 until 10 am from the official day of the said day.
He pointed out that those who lag behind the candidates for this date will deprive himself from running in the parliamentary elections. He pointed out that those who lag behind the candidates for this date will deprive himself from running in the parliamentary elections.
It was due to close the registration of the names of candidates for parliamentary elections scheduled for 30 September next Wednesday. It was due to close the registration of the names of candidates for parliamentary elections scheduled for 30 September next Wednesday.
Zarar added that 29 entities and a list were registered to run for the fifth session of the Parliament of Kurdistan. Zarar added that 29 entities and a list were registered to run for the fifth session of the Parliament of Kurdistan.
In a press conference held today in Erbil, the organization's president Khosro Koran said that the candidates presented today, filled out the forms with the required information, presented their documents and signed the pledges. In a press conference held today in Erbil, the organization's president Khosro Koran said that the candidates presented today, filled out the forms with the required information, presented their documents and signed the pledges.
He added that these candidates are the four provinces in the Kurdistan Region. He added that these candidates are the four provinces in the Kurdistan Region.
The draw was made during the conference to choose the names submitted for the elections on the list of the Democratic Party of Kurdistan. The draw was made during the conference to choose the names submitted for the elections on the list of the Democratic Party of Kurdistan.
The list is headed by Hainam Hawrami, adviser to the leader of the Democratic Party of Kurdistan and ends the sequence of the number of candidates to 100, "Delir Mohammed Karim" 30 candidates, including women. The list is headed by Hainam Hawrami, adviser to the leader of the Democratic Party of Kurdistan and ends the sequence of the number of candidates to 100, "Delir Mohammed Karim" 30 candidates, including women.
Koran said the list of names would be submitted either tomorrow or the day after. Koran said the list of names would be submitted either tomorrow or the day after.
The Independent High Commission for Elections and Referendum in the Kurdistan Region has announced earlier this morning to extend the date of receipt of the names of candidates for parliamentary elections four more days. The Independent High Commission for Elections and Referendum in the Kurdistan Region has announced earlier this morning to extend the date of receipt of the names of candidates for parliamentary elections four more days.
UNHCR spokesman Shirwan Zarrar told a press conference held in Erbil today that the Board of Commissioners and the request of some electoral lists decided to extend the registration of the names of candidates for parliamentary elections to 29/7/2018 until 10 am from the official day of the said day. UNHCR spokesman Shirwan Zarrar told a press conference held in Erbil today that the Board of Commissioners and the request of some electoral lists decided to extend the registration of the names of candidates for parliamentary elections to 29/7/2018 until 10 am from the official day of the said day.
He pointed out that those who lag behind the candidates for this date will deprive himself from running in the parliamentary elections. He pointed out that those who lag behind the candidates for this date will deprive himself from running in the parliamentary elections.
It was due to close the registration of the names of candidates for parliamentary elections scheduled for 30 September next Wednesday. It was due to close the registration of the names of candidates for parliamentary elections scheduled for 30 September next Wednesday.
Zarar added that 29 entities and a list were registered to run for the fifth session of the Parliament of Kurdistan. Zarar added that 29 entities and a list were registered to run for the fifth session of the Parliament of Kurdistan.
Russia’s Rosneft sends team to Duhok, oil extraction to begin next month
Iraq, July 25, 2018
Russian oil and gas giant Rosneft has sent a delegation to Duhok to discuss starting work on three oilfields in the province next month. The firm is expected to extract 180,000 barrels of oil per day.
“We discussed administration mechanisms with representatives from Rosneft. They are due to open camps in the coming days in places where they will be working,” Bahzad Ali Adam, Duhok’s deputy governor, told Rudaw after meeting the delegation.
The company will be working in three places: Batle, Zawita, and in Sarsang and Chamanke in Amedi.
Rosneft reached an agreement with the KRG in October 2017 to develop five oil blocks, and according to estimates, these blocks contain 670 million barrels of oil. Rosneft has been given 80 percent of the shares of these blocks in return for $400 million to the KRG.
The KRG also signed a gas pipeline deal with Rosneft on the sidelines of the St. Petersburg International Economic Forum in May.
Adam is calling on Rosneft to create job opportunities for locals.
The Kurdistan Regional Government (KRG) first produced oil in the Tawke oilfield in Zakho area.
Adam said there are five oil companies working in Duhok, including DNO, ExxonMobil, GolfKiston, HKN and Kar.
Dilshad Shaaban, deputy head of the Kurdistan parliament’s natural resources committee, said: “The Kurdistan Region is producing nearly 350,000 barrels of oil daily in the three provinces of Erbil, Duhok and Sulaimani. Nearly 270,000 oil barrels are exported, and the rest is used internally. Out of this amount, 185,000 barrels are produced in Duhok.”
“The coming of any company is a positive thing that will increase oil production, and will benefit the people of the region. According to oil and gas law, a revenue box will be dedicated for places where oil is produced. Two dollars from any barrel of oil produced in the place is put in the box. Some of the money is spent on services in the region; some is saved for future generations. But this law has unfortunately not been enforced yet,” he said.
“Managing the box needs employees and an office in places where the oil is produced. But employees have not been hired for this purpose, nor has it been possible to open an office for this purpose because of the economic crisis,” he added.
Dr Bewar Khinse, an energy expert, said it is an important step for the Kurdistan Region to have Rosneft take on these projects.
“The importance of this is not only an increase in oil production. Rather, it is politically important for Kurdistan because Rosneft represents the Russian government. Wherever Rosneft works, it means the place is calm and protected,” he said.
The Kurdistan Region lost half of the oil it was exporting after the Iraqi government seized control of the Bai Hassan and Avana oilfields on October 16, 2017. rudaw
Nearly 870,000 IDPs Returned to Mosul: UN
ERBIL — Roughly 870,000 individuals, previously displaced by the Islamic State (IS), have now returned to their homes in Mosul after the city was liberated a year ago, an official for the United Nations said.
“The UN Human Settlements Programme (UN-Habitat) has rehabilitated 257 conflict-damaged houses in West Mosul, allowing almost 3,000 people to return home,” UN Humanitarian Coordinator for Iraq Marta Ruedas was quoted by Iraqi News.
As for medical services, Ruedas said, the World Health Organisation (WHO) has relocated the field hospitals in western Mosul with 53 ambulances stationed in the area.
“The UN Mine Action Service (UNMAS) has removed more than 43,700 explosive hazards, including 1,000 improvised explosive devices from roads, bridges, schools, universities, hospitals, clinics, water treatment plants and municipal buildings,” the UN official said.
However, she regretted that despite the attempts to facilitate the return of the IDPs, there are still over two million people displaced.
She also noted that those who have returned are facing challenges.
Coalition Kills IS Leaders Planning to Attack US, Sweden, Saudi Arabia
ERBIL — The US-led Coalition battling the Islamic State (IS) has announced the killing of three insurgents who were planning terrorist attacks against the US, Sweden and Saudi Arabia.
According to a statement on Tuesday, the Coalition warplanes killed IS member Munawwar al-Mutayari on 24 April.
The militant had reportedly been planning an attack on Saudi Arabia.
Later on 12 June, Soufiane Makouh, a Belgian national and member of IS, was killed in an airstrike. He had been working on a terrorist plot in the US or its interests outside the country.
Another IS intelligence office, identified as Simak, was killed during another airstrike on 12 June. According to the statement, the last insurgent had been planning an attack in Swedend
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Opinion: The first step in making money: You have to really want it
MarketWatch
A change in attitude is needed. And then work harder than you ever have before, says Jared Dillian. Read the full story
Read more: https://www.cnbc.com/2018/07/
Stock-market investors continue to play down the risks escalating trade tensions pose. But economists are beginning to pencil in an ever steeper hit to growth in China, the U.S. and the world. Read the full story
At some point, it's wise to have an expert plan out your financial future. Here's how to figure out if the time is now. Read the full story
Gold slips towards one-year lows as dollar recovers
Gold prices were steady on Monday near a one-week high as the dollar eased to its lowest in nearly two weeks after U.S. President Donald Trump criticized the Federal Reserve's interest rate tightening policy.
Read more: https://www.cnbc.com/2018/07/
Read more: https://www.cnbc.com/2018/07/
Gold drops with traders focused on GDP data Read the full story
Read more: https://www.cnbc.com/2018/07/
Read more: https://www.cnbc.com/2018/07/
Oil prices clawed higher Tuesday, supported by underlying tensions between the U.S. and Iran that could further disrupt supply to the global market. Read the full story
Read more: https://www.cnbc.com/2018/07/
President Donald Trump speaks in the Roosevelt Room of the White House in Washington, Friday, April 28, 2017, before signing an Executive Order directing the Interior Department to begin review of restrictive drilling policies for the outer-continental shelf. From left are, Vice President Mike Pence, Rep. Don Young, R-Alaska, the president, Sen. Bill Cassidy, R-La., and Commerce Secretary Wilbur Ross. Oil prices lost nearly $7 a barrel recently, before bouncing back late last week. Analysts have Read the full story
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Frequently Asked Questions About the Wells Fargo Propel Amex
The Points Guy
While the Wells Fargo Propel American Express® Card isn’t technically a “new” card, the recent improvements that Wells Fargo has made to it make the old version hardly recognizable. So today we’ll take a deep dive through some of the most common questions about the card, including all the new features and how to best utilize them. Question: When can I sign up and get the 30,000 bonus points? Answer: Right now. The application is live and you can find the link here. You’ll earn 30,000 points Read the full story
Read more: https://www.cnbc.com/2018/07/
Read more: https://www.cnbc.com/2018/07/
Deutsche Bank is hiring nearly 800 new university graduates globally in 2018, its second highest number ever and 25% more than last year. The German lender is bringing more analysts in corporate finance than in sales and trading. The hiring comes as Deutsche surprised investors last week with a higher-than-expected profit for the second quarter under new CEO Christian Sewing. Deutsche Bank, which has been battling bad news for months, is now in hiring mode. German lender has hired almost 800 new Read the full story
A revamped Bank of England payments system should be able to hook up with fintech firms using distributed ledger technology (DLT), the central bank said on Monday in a boost to the development of blockchain in Britain. Read the full story
While many BBB ratings will get cut to junk, the increase will be spread out over the next 10 to 15 years, the strategists contend. Read the full story
Read more: https://www.cnbc.com/2018/07/
Visa reports earnings on July 25, while Mastercard is due to report the next day. Read the full story
Hint: One of these companies has an excellent eye for acquisitions in new areas of payment processing. Read the full story
Top 5 Things To Know In The Market On Tuesday: Google, Harley, AT&T
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
© Reuters. Google earnings handily beat estimates. 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/
Goldman Sachs says a full-blown trade war would drag down corporate earnings. Read the full story
Overseas investors purchased fewer U.S. government debt issues at auctions in early July, supporting the view that foreign appetite for U.S. bonds is waning due to trade friction and a strong dollar. Read the full story
The U.S. stock market has generally seen gains thus far this year, but anyone watching the market knows that the upside has been anything but even. Read the full story
Fed action is the single most important. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Mastercard Secures a Potentially Game-Changing Cryptocurrency Patent
The Motley Fool
Could virtual and fiat currencies be transacted on the same network? Mastercard believes so. Read the full story
Decentralized Exchanges Aren't Living Up to Their Name – And Data Proves It
CoinDesk
"DEX" is a hot buzzword in crypto trading, but the current models actually offer a spectrum of technologies with varying degrees of centralization. Read the full story
Bitcoin Just Hit $8,000 -- Here's What's Pushing It Up
Forbes Magazine
The bitcoin price has recently broken out of its downward trend... Read the full story
Bitcoin breaks $8,000 level adding to bullish momentum for cryptocurrency
Bitcoin broke the $8,000 level for the first time in two months, adding to bullish momentum for the cryptocurrency.
Read more: https://www.cnbc.com/2018/07/
Operator of shuttered bitcoin platform pleads guilty to U.S charges
Reuters
The operator of a shuttered bitcoin-denominated exchange pleaded guilty on Monday to federal charges that he defrauded investors and lied to U.S. securities regulators investigating the theft by hackers of virtual currency now worth about $46 million. Read the full story
GLOBAL/NEWS/INFO
MarketWatch
A change in attitude is needed. And then work harder than you ever have before, says Jared Dillian. Read the full story
He left Brooklyn to launch a start-up in 'the next frontier': Vietnam
"There's so much smart talent in this place: bilingual, well-educated," Peter Petracca said of Vietnam. "I think this is the next frontier — of Asia and the world."Read more: https://www.cnbc.com/2018/07/
The ‘significant damage’ a U.S.-China trade war could do to the global economy — in one chart
MarketWatchStock-market investors continue to play down the risks escalating trade tensions pose. But economists are beginning to pencil in an ever steeper hit to growth in China, the U.S. and the world. Read the full story
Money managers aren’t just for people with money — here’s how to decide if you need a finance expert
MicAt some point, it's wise to have an expert plan out your financial future. Here's how to figure out if the time is now. Read the full story
How your loved ones can cash in on the 0% tax rate on long-term capital gains
MarketWatch
If your own income is too high to benefit, your children, grandchildren and other loved ones can still take advantage. Read the full story
Essex and Associates Inc. Tax and Accounting Services
How Much Will I Get From Social Security?
Social Security is the largest retirement program in the United States, but many pre-retirees don't have a thorough understanding of how Social Security works or how much they can expect to receive in benefits. With that in mind, here's a rundown of how much one can expect from Social Security, as well as an explanation of how the benefit-calculation process works so you can apply it to your own unique situation.
The Social Security Administration (SSA) keeps a record of your earnings from every year of your working lifetime, up to the annual taxable earnings cap. When calculating your benefit, these annual earnings figures are all indexed for inflation, and the 35 highest years are averaged together. This average is divided by 12 to determine your average indexed monthly earnings, or AIME. If you don't have 35 years of Social Security-covered earnings, zeros will be used in determining the average for the missing years.
Once your AIME has been calculated, it's applied to a formula to determine your primary insurance amount (PIA), or your Social Security benefit if you claim at your full retirement age. For 2018, the formula is:
90% of the first $895 in AIME
32% of the amount greater than $895, but less than $5,397
15% of the amount above $5,397
It's important to note that the formula in effect in the year you become eligible (age 62) will be used, regardless of when you actually claim your benefits.
Finally, your benefit will be permanently adjusted if you claim benefits before or after your full retirement age. Depending on your full retirement age, your benefit can be permanently reduced by as much as 30% if you claim as early as possible, or it can be permanently increased by as much as 32% for waiting until age 70, the latest claiming age.
Finally, it's important to mention that these benefits would all be increased by any cost-of-living adjustments, or COLA, that occur between now and when benefits are initially claimed. For example, if this person claims their retirement benefit next year at age 63 and there's a 2% COLA given in 2019, the benefit would be increased by that percentage.
How could this change by the time you retire?
As a final thought, if you're still many years away from retirement, it's important to take this information with a big grain of salt. Social Security is in solid financial condition for the time being, but this is expected to deteriorate rapidly over the next 15 years or so. Some sort of reforms will be needed to fix the program for the long term.
Now, there's no telling what form the eventual fix will take. It could end up being a simple tax increase, which could keep the Social Security benefit structure exactly how it's discussed here. On the other hand, some form of benefit cut, such as an increase in the full retirement age, is also a possibility.
The bottom line is that if you'll be reaching Social Security age in the near future, this discussion should be pretty accurate when it comes to your situation. Beyond that, however, there likely will be some changes
OIL/COMMODITIES/ENERGY
Gold slips towards one-year lows as dollar recovers
Gold prices were steady on Monday near a one-week high as the dollar eased to its lowest in nearly two weeks after U.S. President Donald Trump criticized the Federal Reserve's interest rate tightening policy.
Read more: https://www.cnbc.com/2018/07/
Gold inches down on firmer dollar, muted response to US-Iran tension
Gold prices edged down on Tuesday on a firmer dollar and a rise in U.S. Treasury yields and as investors' reaction to the dispute between the United States and Iran remained muted.Read more: https://www.cnbc.com/2018/07/
Gold Prices Fall Back Towards 1-Year Low with Focus on GDP
Investing.comGold drops with traders focused on GDP data Read the full story
Oil steady as US-Iran row balances trade worries
Oil prices steadied on Tuesday as rising tension between the United States and Iran highlighted risks to supply.Read more: https://www.cnbc.com/2018/07/
The oil market gets whiplash, and investors should expect more crude volatility
The oil market is getting rocked by bullish and bearish catalysts at once.Read more: https://www.cnbc.com/2018/07/
Oil prices tick higher as U.S.-Iran tensions simmer
MarketWatchOil prices clawed higher Tuesday, supported by underlying tensions between the U.S. and Iran that could further disrupt supply to the global market. Read the full story
Oil falls 37 cents, settling at $67.89, as market shrugs off rising US-Iran tensions
Tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.Read more: https://www.cnbc.com/2018/07/
The oil market seems to be in panic mode — and one unlikely factor is behind it
Business InsiderPresident Donald Trump speaks in the Roosevelt Room of the White House in Washington, Friday, April 28, 2017, before signing an Executive Order directing the Interior Department to begin review of restrictive drilling policies for the outer-continental shelf. From left are, Vice President Mike Pence, Rep. Don Young, R-Alaska, the president, Sen. Bill Cassidy, R-La., and Commerce Secretary Wilbur Ross. Oil prices lost nearly $7 a barrel recently, before bouncing back late last week. Analysts have Read the full story
Commodity trading, a multitrillion-dollar industry that still uses pen and paper, is about to be turned on its head
A multitrillion-dollar industry is finally getting a digital makeover as commodity traders enlist technology to solve age-old problems.Read more:
BANKS/BANKING/CREDIT
Frequently Asked Questions About the Wells Fargo Propel Amex
The Points Guy
While the Wells Fargo Propel American Express® Card isn’t technically a “new” card, the recent improvements that Wells Fargo has made to it make the old version hardly recognizable. So today we’ll take a deep dive through some of the most common questions about the card, including all the new features and how to best utilize them. Question: When can I sign up and get the 30,000 bonus points? Answer: Right now. The application is live and you can find the link here. You’ll earn 30,000 points Read the full story
Italian lender Banca Carige is reportedly under investigation for market rigging
The spotlight fell back on Italy's banks Tuesday morning after prosecutors reportedly opened an investigation into alleged market manipulation by the Genoa-based Banca Carige.Read more: https://www.cnbc.com/2018/07/
UBS predicts a 'solid performance' for the rest of 2018 after another rise in quarterly earnings
UBS reports its second quarter results for 2018.Read more: https://www.cnbc.com/2018/07/
Deutsche Bank is hiring 25% more new analysts this year — and they provide a window into the bank's strategy
Business InsiderDeutsche Bank is hiring nearly 800 new university graduates globally in 2018, its second highest number ever and 25% more than last year. The German lender is bringing more analysts in corporate finance than in sales and trading. The hiring comes as Deutsche surprised investors last week with a higher-than-expected profit for the second quarter under new CEO Christian Sewing. Deutsche Bank, which has been battling bad news for months, is now in hiring mode. German lender has hired almost 800 new Read the full story
Bank of England says payments system can serve blockchain users
ReutersA revamped Bank of England payments system should be able to hook up with fintech firms using distributed ledger technology (DLT), the central bank said on Monday in a boost to the development of blockchain in Britain. Read the full story
Wave of Corporate Downgrades Won’t Be That Bad, Bank of America Says
Barron'sWhile many BBB ratings will get cut to junk, the increase will be spread out over the next 10 to 15 years, the strategists contend. Read the full story
The interest rate that drives mortgages and other loans is snapping higher
The U.S. 10-year Treasury yield looks set to spring higher, taking mortgages and consumer loan rates with it, after spending the past month in a rut.Read more: https://www.cnbc.com/2018/07/
Visa and Mastercard earnings: More than just payments at play
MarketWatchVisa reports earnings on July 25, while Mastercard is due to report the next day. Read the full story
Opinion: PayPal vs. American Express — who will own the future of payments?
MarketWatchHint: One of these companies has an excellent eye for acquisitions in new areas of payment processing. Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things To Know In The Market On Tuesday: Google, Harley, AT&T
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
Day Ahead: Top 3 Things to Watch
Investing.com© Reuters. Google earnings handily beat estimates. Read the full story
Treasury yields fall ahead of bumper data batch
U.S. government debt prices edged higher on Tuesday.Read more: https://www.cnbc.com/2018/07/
US Treasury yields rise after massive move in Japanese government bond yields
Debt yields rose on Monday, tracking a massive move in Japanese rates, following reports late last week that the Bank of Japan could adjust its monetary policy to make the program more sustainable.Read more: https://www.cnbc.com/2018/07/
Art Cashin: Earnings are holding the market together as traders expect Trump will not let up on trade
Corporate earnings are "holding the market together" as traders expect President Donald Trump will not let up in his fight with foreign allies on trade, Art Cashin says.Read more: https://www.cnbc.com/2018/07/
Goldman predicts US-China trade war will slash S&P 500 earnings
Fox NewsGoldman Sachs says a full-blown trade war would drag down corporate earnings. Read the full story
Foreign investors take less U.S. Treasury supply at auctions
ReutersOverseas investors purchased fewer U.S. government debt issues at auctions in early July, supporting the view that foreign appetite for U.S. bonds is waning due to trade friction and a strong dollar. Read the full story
By this measure, the Dow is at its most volatile since 9/11
MarketWatchThe U.S. stock market has generally seen gains thus far this year, but anyone watching the market knows that the upside has been anything but even. Read the full story
Dan Loeb lists 4 things that could upset markets
Yahoo FinanceFed action is the single most important. Read the full story
CRYPTO'S / DIGITAL CURRENCY
The Motley Fool
Could virtual and fiat currencies be transacted on the same network? Mastercard believes so. Read the full story
Decentralized Exchanges Aren't Living Up to Their Name – And Data Proves It
CoinDesk
"DEX" is a hot buzzword in crypto trading, but the current models actually offer a spectrum of technologies with varying degrees of centralization. Read the full story
Bitcoin Just Hit $8,000 -- Here's What's Pushing It Up
Forbes Magazine
The bitcoin price has recently broken out of its downward trend... Read the full story
Bitcoin breaks $8,000 level adding to bullish momentum for cryptocurrency
Bitcoin broke the $8,000 level for the first time in two months, adding to bullish momentum for the cryptocurrency.
Read more: https://www.cnbc.com/2018/07/
Operator of shuttered bitcoin platform pleads guilty to U.S charges
Reuters
The operator of a shuttered bitcoin-denominated exchange pleaded guilty on Monday to federal charges that he defrauded investors and lied to U.S. securities regulators investigating the theft by hackers of virtual currency now worth about $46 million. Read the full story
CURRENCIES
Forex - Dollar Holds Steady, Yen Remains Supported
Investing.com
© Reuters. Dollar Holds Steady, Yen Remains Supported Read the full story
Euro skids before PMI data; offshore yuan dives
The euro headed towards a two-week high on Tuesday after surveys showed eurozone business growth remained robust, although fears of a trade war with the United States kept the single currency trapped in narrow ranges.Read more: https://www.cnbc.com/2018/07/
Rupee declines further against US dollar
LivemintMumbai: The Indian rupee on Tuesday weakened along with emerging market currencies as the US dollar advanced on the back of higher US Treasury yields. At 9.15am, the rupee was trading at 69.01 a dollar, down 0.15% from its previous close of 68.95. The currency opened at 68.96 a dollar and touched a low of 69.01. Read the full story
Is China a currency manipulator or is Donald Trump to blame for the yuan’s weakness?
South China Morning PostNeal Kimberley says the drop in the yuan is more likely to be a market response to the US-China trade war than the result of active management by the Chinese authorities Read the full story
Japanese yen rises on report BOJ eyes policy change
The yen strengthened broadly on Monday following a Reuters report that the Bank of Japan was debating moves to scale back its massive monetary stimulus, spurring bids for the Japanese currency.Read more: https://www.cnbc.com/2018/07/
INSURANCE / HEALTH / SCIENCE
Pepperidge Farm Recalls 4 Different Kinds of Goldfish Crackers Due to Salmonella Risk
People
Goldfish Cracker lovers might have to take a break from the snack due to fears that an ingredient could potentially be contaminated with Salmonella. The maker of the small, gold crackers, Pepperidge Farm, announced on Monday that they were recalling four different flavors of their product. In a statement released by the company on their website, the company explained that one of its ingredient supplies alerted them the whey powder in a seasoning used in four flavors was the subject of a recall. Read the full story
For Scientists Racing to Cure Alzheimer’s, the Math Is Getting Ugly
The New York TimesTo find 25,000 participants to enroll in all the approved trials, researchers would have to begin by approaching more than 37 million people with early memory loss. Read the full story
How to Minimize Pancreatic Cancer Risk
The New York Times
Obesity, Type 2 diabetes and metabolic syndrome, all of which have risen to epidemic levels in recent years, are linked to pancreatic cancer. Read the full story
USA/CANADA
Here's how much you have to earn to be in the top 1% in the 10 biggest US cities
In San Jose, California, you have to bring home more than $1 million a year.
Read more: https://www.cnbc.com/2018/07/
Trump Is Escalating a Crisis With Iran so He Can Jump In and Defuse It. Uh-Oh.
SlateThe president is following a playbook that he thinks worked so well with North Korea. (It didn’t.) Read the full story
Trump has consistently targeted the EU for maintaining a 10 percent tariff on imported vehicles while the U.S. has a 2.5 percent tariff on imports of passenger vehicles. Read the full story
Trump threatens to revoke security clearances of ex-U.S. intel chiefs who have criticized him
Yahoo NewsThe White House announced on Monday that President Trump is exploring the possibility of revoking security clearances of former U.S. intelligence officials who have sharply criticized his administration. Read the full story
Home sales are sliding - but why?
Fox NewsExisting home sales fell to a five-month low in June. Read the full story
EMERGING MARKETS
Life in Haiti was getting worse for many before latest riots
ABC News
The cost of living seems like it is spiraling out of control to many Haitians, making life even more of a struggle in the Western Hemisphere's poorest country Read the full story
Canada launches NAFTA challenge of 'illegal' U.S. tariffs on solar panels
CBC NewsThe Trudeau government has asked for a NAFTA review of a Trump administration tariff on solar panels, saying the 30 per cent charge is illegal and unfair. Read the full story
IMF: Venezuela's inflation on track to top 1 million percent
ABC NewsThe International Monetary Fund says inflation in Venezuela could top 1 million percent this year as the country's historic crisis deepens. It says the economic turmoil compares to Germany's after World War I and Zimbabwe's more recently. Read the full story
Puerto Rico seeks US help as bodies pile up at forensics
ABC NewsPuerto Rico's governor is asking federal help for the U.S. territory's forensics institute, which is struggling with understaffing and a backlog of the handling of bodies Read the full story
MIDDLE EAST
Memo to Trump: Iran Isn’t North Korea
POLITICO
The president’s Twitter ‘fire and fury’ won’t work on the Islamic Republic. Read the full story
Iran says will respond in kind if U.S. tries to block oil exports
Reuters
Iran will respond with equal countermeasures if the United States tries to block its oil exports, the foreign ministry in Tehran said on Tuesday. Read the full story
Kuwait sovereign fund's UK unit buys oil and gas firm NSMP for $1.7bn
Gulf Business
Wren House fought off bids from JP Morgan, Blackstone, and private equity fund KKR to buy NSMP, sources said The post Kuwait sovereign fund’s UK unit buys oil and gas firm NSMP for $1.7bn appeared first on Gulf Business. Read the full story
Qatar to improve air base used by US military
My San Antonio
Qatar will spend $1.8 billion upgrading the major air base used by the United States for its ongoing military and counterterrorism operations in the Middle East and Afghanistan, the Persian Gulf kingdom said Monday. Read the full story
Tel Aviv, Dubai Climbing List of World's Priciest Airbnb Cities
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App The Burj Khalifa tower, center, stands among city skyscrapers in Dubai, United Arab Emirates on April 11. Sunbathing in Tel Aviv or hitting Dubai’s fabulous malls will set you back a bit more lately. A combination of high hotel and apartment costs and strong tourism has Airbnb rates in some Middle Eastern cities among the world’s priciest. Middle East Climbs In the latest Bloomberg index, Miami and Boston took the top two spots in the Read the full story
Here’s why Pakistan faces an economic crisis no matter who wins this week’s election
MarketWatch
Pakistan is headed to the polls on Wednesday, but no matter who wins, the South Asian nation looks to be headed for an economic and currency crisis, economists say. Read the full story
Gaza resident: I am very worried about a future war
Aljazeera
Israel says it will reopen its only goods crossing with the blockaded Gaza Strip on Tuesday if calm holds following a ceasefire. But Israeli Prime Minister Benjamin Netanyahu insists the military is prepared for more intense strikes if violence flares up again. Meanwhile, UN officials are warning that serious fuel shortages are affecting hospitals, water and sanitation facilities. Al Jazeera's Charles Stratford reports from Gaza. Read the full story
AFRICA
Does Africa benefit from its relations with China?
Aljazeera
China has had a strong presence in Africa for years. Beijing has built countless roads, buildings and provided economic support right across the African continent. Now, it looks set to conquer even more markets, as a result of US President Donald Trump's new trade tariffs. Chinese President Xi Jinping is on a four-nation tour of Africa with stops in Senegal, Rwanda, South Africa and Mauritius. The visit to Senegal was Xi's first trip to West Africa as a leader. At a joint news conference with Read the full story
South Africa: SAA Chartered Plane Will Still Fly to Cuba, but Won't Be Carrying Weapons
AllAfrica
South African Airways (SAA) has said the charter flight which was meant to transport Cuban technicians back to the Caribbean island last week will still take place this week. The plane was stopped by customs officials last week at the Waterkloof air force base after it emerged that the aircraft, which was chartered by the South African National Defence Force (SANDF), also had a number of firearms and ammunition on board. The Rapport newspaper reported on Sunday that an SAA plane chartered by the Read the full story
South Africa: City of Cape Town's Foreshore Tender 'Made Potential Corruption Easy' - Deputy Mayor
AllAfrica
The tender for Cape Town's Foreshore Freeway Precinct was drafted in such a way that it effectively opened up processes for corruption, Deputy Mayor Ian Neilson has said. He also expressed concern over the seemingly "cowboy fashion" in which the City's Transport and Urban Development Authority was being run. Neilson on Sunday added his voice on the Foreshore matter, which has seen serious claims and counter-claims being made between top members of the City of Cape Town's leadership and, most Read the full story
Zimbabwe: Zimbabweans To Elect Post-Mugabe President On July 30
AllAfrica
Zimbabweans go to the polls on 30 July for harmonized elections to choose their president, parliamentarians and councillors. A total of 23 presidential candidates filed nomination papers to contest the election, the highest number of presidential candidates ever recorded in the country. The candidates include the incumbent President Emmerson Mnangagwa who is leader of the party in government, the Zimbabwe African National Union Patriotic Front (Zanu PF), and Nelson Chamisa of the Movement for Read the full story
Zimbabwe: Four Reasons Zimbabweans Don't Trust Their Electoral Body
AllAfrica
In both its actions and responses to legitimate concerns, ZEC has failed to inspire trust days ahead of the election. As Zimbabwe approaches general elections on 30 July, a worrying trend has emerged whereby those raising questions about the process are being cast as the problem. Rather than have their legitimate questions about the credibility of the vote addressed, their concerns are being trivialised and ridiculed. Those who are uneasy of news of irregularities and a lack of transparency are Read the full story
Zimbabwe: Go Into Joint Ventures, White Farmers Urged
AllAfrica
White commercial farmers who do not have land, but are willing to produce, are free to enter into joint ventures with resettled farmers to boost agricultural production and the economy, so the country can regain its status as the breadbasket of Africa. This was said by Lands, Agriculture and Rural Resettlement Minister Perrance Shiri at a meeting with former white commercial farmers at Esbank Farm in Mazowe on Friday. Government is engaging former commercial farmers who lost land during the land Read the full story
Rwanda hosts Chinese President Xi Jinping and Indian PM Narendra Modi
CNN
Rwanda's President Paul Kagame played host to two world leaders Monday when China's President Xi Jinping and Indian Prime Minister Narendra Modi visited the central African country. Read the full story
POLITICO
The president’s Twitter ‘fire and fury’ won’t work on the Islamic Republic. Read the full story
Iran says will respond in kind if U.S. tries to block oil exports
Reuters
Iran will respond with equal countermeasures if the United States tries to block its oil exports, the foreign ministry in Tehran said on Tuesday. Read the full story
Kuwait sovereign fund's UK unit buys oil and gas firm NSMP for $1.7bn
Gulf Business
Wren House fought off bids from JP Morgan, Blackstone, and private equity fund KKR to buy NSMP, sources said The post Kuwait sovereign fund’s UK unit buys oil and gas firm NSMP for $1.7bn appeared first on Gulf Business. Read the full story
Qatar to improve air base used by US military
My San Antonio
Qatar will spend $1.8 billion upgrading the major air base used by the United States for its ongoing military and counterterrorism operations in the Middle East and Afghanistan, the Persian Gulf kingdom said Monday. Read the full story
Tel Aviv, Dubai Climbing List of World's Priciest Airbnb Cities
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App The Burj Khalifa tower, center, stands among city skyscrapers in Dubai, United Arab Emirates on April 11. Sunbathing in Tel Aviv or hitting Dubai’s fabulous malls will set you back a bit more lately. A combination of high hotel and apartment costs and strong tourism has Airbnb rates in some Middle Eastern cities among the world’s priciest. Middle East Climbs In the latest Bloomberg index, Miami and Boston took the top two spots in the Read the full story
Here’s why Pakistan faces an economic crisis no matter who wins this week’s election
MarketWatch
Pakistan is headed to the polls on Wednesday, but no matter who wins, the South Asian nation looks to be headed for an economic and currency crisis, economists say. Read the full story
Gaza resident: I am very worried about a future war
Aljazeera
Israel says it will reopen its only goods crossing with the blockaded Gaza Strip on Tuesday if calm holds following a ceasefire. But Israeli Prime Minister Benjamin Netanyahu insists the military is prepared for more intense strikes if violence flares up again. Meanwhile, UN officials are warning that serious fuel shortages are affecting hospitals, water and sanitation facilities. Al Jazeera's Charles Stratford reports from Gaza. Read the full story
AFRICA
Does Africa benefit from its relations with China?
Aljazeera
China has had a strong presence in Africa for years. Beijing has built countless roads, buildings and provided economic support right across the African continent. Now, it looks set to conquer even more markets, as a result of US President Donald Trump's new trade tariffs. Chinese President Xi Jinping is on a four-nation tour of Africa with stops in Senegal, Rwanda, South Africa and Mauritius. The visit to Senegal was Xi's first trip to West Africa as a leader. At a joint news conference with Read the full story
South Africa: SAA Chartered Plane Will Still Fly to Cuba, but Won't Be Carrying Weapons
AllAfrica
South African Airways (SAA) has said the charter flight which was meant to transport Cuban technicians back to the Caribbean island last week will still take place this week. The plane was stopped by customs officials last week at the Waterkloof air force base after it emerged that the aircraft, which was chartered by the South African National Defence Force (SANDF), also had a number of firearms and ammunition on board. The Rapport newspaper reported on Sunday that an SAA plane chartered by the Read the full story
South Africa: City of Cape Town's Foreshore Tender 'Made Potential Corruption Easy' - Deputy Mayor
AllAfrica
The tender for Cape Town's Foreshore Freeway Precinct was drafted in such a way that it effectively opened up processes for corruption, Deputy Mayor Ian Neilson has said. He also expressed concern over the seemingly "cowboy fashion" in which the City's Transport and Urban Development Authority was being run. Neilson on Sunday added his voice on the Foreshore matter, which has seen serious claims and counter-claims being made between top members of the City of Cape Town's leadership and, most Read the full story
Zimbabwe: Zimbabweans To Elect Post-Mugabe President On July 30
AllAfrica
Zimbabweans go to the polls on 30 July for harmonized elections to choose their president, parliamentarians and councillors. A total of 23 presidential candidates filed nomination papers to contest the election, the highest number of presidential candidates ever recorded in the country. The candidates include the incumbent President Emmerson Mnangagwa who is leader of the party in government, the Zimbabwe African National Union Patriotic Front (Zanu PF), and Nelson Chamisa of the Movement for Read the full story
Zimbabwe: Four Reasons Zimbabweans Don't Trust Their Electoral Body
AllAfrica
In both its actions and responses to legitimate concerns, ZEC has failed to inspire trust days ahead of the election. As Zimbabwe approaches general elections on 30 July, a worrying trend has emerged whereby those raising questions about the process are being cast as the problem. Rather than have their legitimate questions about the credibility of the vote addressed, their concerns are being trivialised and ridiculed. Those who are uneasy of news of irregularities and a lack of transparency are Read the full story
Zimbabwe: Go Into Joint Ventures, White Farmers Urged
AllAfrica
White commercial farmers who do not have land, but are willing to produce, are free to enter into joint ventures with resettled farmers to boost agricultural production and the economy, so the country can regain its status as the breadbasket of Africa. This was said by Lands, Agriculture and Rural Resettlement Minister Perrance Shiri at a meeting with former white commercial farmers at Esbank Farm in Mazowe on Friday. Government is engaging former commercial farmers who lost land during the land Read the full story
Rwanda hosts Chinese President Xi Jinping and Indian PM Narendra Modi
CNN
Rwanda's President Paul Kagame played host to two world leaders Monday when China's President Xi Jinping and Indian Prime Minister Narendra Modi visited the central African country. Read the full story
ASIA
Asian markets bounce back, led by gains in China
MarketWatch
Stock markets in Asia started higher Tuesday, a day after the region’s largest indexes lost about 1% each. Read the full story
China moves to support economy amid trade tensions
BBC News USThe government will focus on introducing deeper tax cuts as trade tensions threaten to hit growth. Read the full story
Global investors find Chinese commercial property ripe for the taking as tight funding holds back local buyers
South China Morning PostLocal developers, a major investor in commercial property, now prefer residential properties as these offer immediate cash flow, according to an analyst Read the full story
Satellite images show North Korea has begun dismantling key test site
CNN PoliticsNew images published Monday by the prominent monitoring group 38 North indicate North Korea has begun dismantling key facilities at the Sohae Satellite Launching Station — a move analysts say represents "an important first step towards fulfilling a commitment" made by Kim Jong Un during his summit with President Donald Trump in Singapore. Read the full story
Xi and Modi just visited Rwanda and supplied millions of dollars, here's why
China granted Rwanda a loan of $126 million for the building of two roads, the latter country’ s Minister of Finance Uzziel Ndagijimana told Reuters. China and India are the world’ s two most populous nations, with 1.6 billion and 1.3 billion inhabitants respectively. India is likely to be the world’ s fastest growing major economy in 2018, a mantle China once held.Read more: https://www.cnbc.com/2018/07/
EUROPE
European stocks step higher, getting a boost from bank shares
MarketWatch
The region’s stock benchmark is lifted by gains for bank shares, including UBS after the Swiss lender’s earnings report, helping to push the market toward its first advance in four sessions. Read the full story
German industry group says EU mustn't be blackmailed by US
ABC NewsThe head of an influential German industry organization is calling on U.S. President Donald Trump and EU Commission President Jean-Claude Juncker to put an end to the escalating trade dispute between the two economic superpowers Read the full story
Russia just showed off a potentially world-ending nuclear 'doomsday' torpedo that the US can't stop
Business InsiderRussia's Ministry of Defense released a video of one of the most inhumane and fearsome nuclear weapons ever created - and it's purpose-built to avoid US defenses. The weapon, a high-speed nuclear-powered torpedo, isn't like other nuclear weapons. It's designed to create a lasting cloud of nuclear fallout that could render thousands of miles of territory unlivable for decades. But Russia may be bluffing about how far along the weapon actually is, a close viewing of the video shows. Just days Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
The CBI for Wednesday 7/25/18 did update on the indicative rates Sell Rate 1190
The currency auction is 195,917,418
There is one news and announcements for Wednesday 7/25/18
1.Central Bank Holds Seminar on Block Qin and FinTech "FinTech & Blockchain"
Fintech and Blockchain
Fintech and Blockchain
In keeping with the technological developments in the world in the field of information technology,
July 25, 2018Central Bank Holds Seminar on Block Qin and FinTech "FinTech & Blockchain"
As part of the technological developments in the world in the field of information technology, the Central Bank of Iraq held a specialized seminar in the field of Block and FinTech "FinTech & Blockchain" and the definition of these techniques and mechanisms of work and how to use It is worth mentioning that these technologies are modern and now work on It is implemented in the developed countries of the world. This bank is keen to develop its techniques in keeping with modern international systems.
FinTech is generally a technological invention that has been used in financial services to complete financial transactions, whether it is payment, transfer, borrowing, insurance, securities or other transactions. These innovations have been used to develop new technologies that compete with traditional financial markets.
Blockchain (block block) is a modern technology in advanced information technology. In simple terms, Block Qin is a database or a new method of data management. It is characterized by the management of lists and records (blocks or blocks) continuously, where it can maintain information And data stored in a smooth and secure manner.
July 25, 2018Central Bank Holds Seminar on Block Qin and FinTech "FinTech & Blockchain"
As part of the technological developments in the world in the field of information technology, the Central Bank of Iraq held a specialized seminar in the field of Block and FinTech "FinTech & Blockchain" and the definition of these techniques and mechanisms of work and how to use It is worth mentioning that these technologies are modern and now work on It is implemented in the developed countries of the world. This bank is keen to develop its techniques in keeping with modern international systems.
FinTech is generally a technological invention that has been used in financial services to complete financial transactions, whether it is payment, transfer, borrowing, insurance, securities or other transactions. These innovations have been used to develop new technologies that compete with traditional financial markets.
Blockchain (block block) is a modern technology in advanced information technology. In simple terms, Block Qin is a database or a new method of data management. It is characterized by the management of lists and records (blocks or blocks) continuously, where it can maintain information And data stored in a smooth and secure manner.
The CBI for Wednesday 7/25/18 did update on the indicative rates Sell Rate 1190
Value Traded
1,156,809,476
Shares Traded
2,791,875,500
ISX ended in Green
Kauaihn Chatter:
7-25-2018 Newshound Guru chattels Article: "UNHCR: Completion of counting and sorting the results of Najaf" One recent news report says " early August " for completion of the election vote manual recount. Then we await Judicial ratification.
7-24-2018 Newshound Guru chattels Article: "Expectations to declare the results of manual counting early next August" Completion of the manual recount does not necessarily equate to ratification by the court. Any appeals must be ruled upon following the recount before ratification by the Court and then the Constitutional timeline(s) begin regarding formation of a new government.
7-24-2018 Intel Guru Frank26 [via Sampson] Article: "An official source : stop the program of credit readiness between Iraq and the International Monetary Fund" Quote: "An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government" ...this article means that the IMF is stopping all funding to Iraq which means they will have to raise their rate and stop the auctions.
7-24-2018 Newshound/Intel Guru BGG Article: "An official source for «Economy News»: stop the program of credit readiness between Iraq and the International Monetary Fund" Quote: "An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government." Looks like to me, the IMF isn’t impressed with this delay business either. They are putting a hold on things until they get the new government formed. Hmmmm?!?
7-24-2018 Newshound Guru Don961 Article: "Comprehensive economic reform and the involvement of the private sector in the next government is the solution to the problems of Iraq...22nd July, 2018 by Samir Nusairi" Our friend Mr. N. Says some currency speculators had a plan to manipulate the exchange rate to their own advantage...By publishing fake news .. Making disparaging remarks about the CBI's work to steady the exchange rate...keeping the 2% compliance, following IMF/UST guidelines...And even exploiting the demonstrations by saying the rate would tumble in all the chaos...But it seems the good guys have a handle on things...
7-24-2018 Intel Guru Frank26 [via Sampson] Article: "An official source : stop the program of credit readiness between Iraq and the International Monetary Fund" Quote: "An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government" ...this article means that the IMF is stopping all funding to Iraq which means they will have to raise their rate and stop the auctions.
7-24-2018 Newshound/Intel Guru BGG Article: "An official source for «Economy News»: stop the program of credit readiness between Iraq and the International Monetary Fund" Quote: "An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government." Looks like to me, the IMF isn’t impressed with this delay business either. They are putting a hold on things until they get the new government formed. Hmmmm?!?
7-24-2018 Newshound Guru Don961 Article: "Comprehensive economic reform and the involvement of the private sector in the next government is the solution to the problems of Iraq...22nd July, 2018 by Samir Nusairi" Our friend Mr. N. Says some currency speculators had a plan to manipulate the exchange rate to their own advantage...By publishing fake news .. Making disparaging remarks about the CBI's work to steady the exchange rate...keeping the 2% compliance, following IMF/UST guidelines...And even exploiting the demonstrations by saying the rate would tumble in all the chaos...But it seems the good guys have a handle on things...
7-24-2018 Newshound Guru MilitiaMan Articles: "Kurdistan and America agree to further strengthen the relationship" "Revealing the reasons for the visit of the Saudi delegation to Kurdistan: include a future step" "The Iraqi Trade Bank announces the opening of a branch in Saudi Arabia" These articles are interestingly enough related to deals, contracts, movement of capital. The stage is being set for what is to come to Iraq that has already been in the pipelines...WE know ...pressure to seat the GOV and...where the Kurds are gearing for t meet for that purpose in Baghdad if I recall that correctly in the very short term, as the pressure by the IMF is quite clear now...The articles supporting calm in the streets is being seen, talk of significant amounts of money for projects from the MOF and approved by Abadi being implemented...So, all this being part of the bigger picture, sure looks good ~ imo... Nothing suggests to me we are in a time frame where progress is not fully underway for the main event...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1-A (from PM Abadi's website
Prime Minister Dr. Haidar al-Abadi meets with the father of the martyr Abdul-Zahra Sheyal and a number of Nasserites to listen to the demands of the people of Dhi Qar
The Prime Minister met with Dr. Haider al-Abadi, the father of the martyr Abdul-Zahra Sheyal and a number of Nasiriyah dignitaries to listen to the demands of the people of Dhi Qar province,
Stressing the issuance of the necessary guidance to accelerate the completion of projects faltering and address unemployment, stressing that the higher committees set up by the government is pursuing the implementation and meet the legitimate demands of the citizens of the provinces.
Prime Minister 's Media Office
24 July 2018
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ARTICLE 1-B (from PM Abadi's website
The Cabinet holds its regular session under the chairmanship of Prime Minister Dr. Haider Al-Abbadi
The Cabinet held its regular session on Tuesday July 24, 2018 under the chairmanship of the Prime Minister Dr. Haider Abadi.
The Council discussed in a lengthy manner the provision of employment opportunities in all sectors and the adoption of procedures, measures and mechanisms in providing them quickly to serve citizens and state institutions and revitalize the economy.
The citizens' demands were discussed, as today's session was devoted to taking a number of other decisions.
And decides as follows:
A. The Ministry of Finance to allocate and finance the current expenditure and the amount of (3) billion dinars from the emergency reserve to the province of Basra / Basra water department to cover the cost of rehabilitation of water projects currently operating in accordance with the higher provisions to implement the budget.
B. The Ministry of Finance to allocate and finance the amount of (3) billion dinars from the emergency reserve for the year 2018 for the water project of Umm Qasr listed in the program for the development of regions for 2018 / Basra province.
C. The Ministry of Finance allocated and funded 9 billion dinars from the emergency reserve for 2018 to Basra Governorate / Region Development Program to complete the implementation of (52) school contracts within three months.
Dr.. Amend the decision of the Council of Ministers No. 232 to read as follows: - (The Ministry of Finance to allocate and finance the amount of (7) billion dinars from the emergency reserve for 2018 to the Ministry of Water Resources for the completion of civil works for the station to strengthen the reinforcement of Rumaitha / Muthanna and installation and operation of vertical pumps equipped by the ministry (Mechanical and electrical works) and power supply).
The Council of Ministers decided to assess and hold accountable those responsible for poor performance and the provision of services in ministries and local governments in the light of the objective reports by a special committee headed by the Office of Financial Supervision and the membership of the General Secretariat of the Council of Ministers and the Integrity Commission and the Supreme Authority for Coordination between the provinces.
The Council also decided to form a committee for reconstruction and services of the provinces headed by the Prime Minister to assess the reconstruction and services in the provinces and follow-up needs and demands of citizens to improve services and speed up the completion of service projects and empowered the Council of Ministers to ensure the rapid implementation of the tasks mentioned.
The amendment to Cabinet Resolution No. 153 of 2018 concerning the draft law on the accession of the Republic of Iraq to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York 1958) was voted upon.
The Council voted on the draft law on the accession of the Republic of Iraq to the Convention on the Protection and Use of Transboundary Watercourses and International Lakes, Helsinki 1992.
The draft law on the accession of the Republic of Iraq to the Convention on Minimum Standards for Social Security No. 102 of 1952 was voted on.
The cabinet also voted to finance the first installment of the contract for the monitoring of the Mosul dam project.
Prime Minister 's Media Office
24 July 2018
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ARTICLE 2
Tweets posted on Government of Iraq twitter account, all posted on 7-24-2018 around 2:45 pm Eastern
- PM @HaiderAlAbadi: We are appealing the legislation approved by parliament conferring a number of financial benefits on MPs. Public money must be spent on meeting the needs of the Iraqi people and rebuilding our country
- PM @HaiderAlAbadi: We established a high level committee to investigate and take immediate action against corrupt officials and to hold to account civil servants who fail in their primary duty which is to serve the Iraqi people
- PM @HaiderAlAbadi: It is our duty as a government to deliver good services, safeguard Iraq’s national security and maintain our stability; we must work together and remain vigilant to guard against those who wish to do us harm
- PM @HaiderAlAbadi: I also asked several ministers to travel to Basra & other parts of Iraq to ensure the measures I announced recently on public services are implemented without delay
- PM @HaiderAlAbadi: I continue to meet with our citizens from across Iraq to hear their legitimate grievances. We are implementing a range of measures to improve water and electricity supplies in southern and other provinces
- PM @HaiderAlAbadi: Our armed forces continue to sweep large areas in the western desert to hunt down Daesh remnants. There will be no hiding place for terrorists in Iraq
- PM @HaiderAlAbadi holds his weekly press conference in Baghdad, briefs media on measures to improve public services, national security and political developments.
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ARTICLE 3
Abadi holds the provincial administration responsible for the deterioration of services and threatens the official responsible for the lack of [expanded]
2018/7/25 0:07
(Baghdad: al-Furat News) Prime Minister Haider al-Abadi, the provincial administration responsible for the deterioration of services, threatening "the official who is failing to tolerate."
"We continue our meetings with our people and citizens to listen to their demands and respond to them," Abadi said at a weekly press conference on Tuesday. "There are measures and executive treatments for water, electricity, health, education and other services, job creation for unemployed youth and others, Iraq's provinces without exception ".
"My message to all Iraqis is that our duty is to serve the citizens, establish security and stability and fight terrorism, which still represents a real danger of the presence of terrorist cells and there are still terrorist elements on the Syrian side.
"The waste of state funds and the perpetuation of projects is a kind of corruption," Abadi said, adding that "we have directly followed the water and electricity projects, inspected new projects and made field visits to learn about the obstacles to take Measures to remove them ".
He added that "the Provincial Reconstruction and Services Committee under the chairmanship of the Prime Minister is doing its duty in a field, and we directed the ministers concerned to go to the province of Basra to ensure the implementation of the decisions we have taken correctly and to dismantle the bottlenecks of electricity and water," noting that "we look forward to cooperate with the provinces and citizens; And processing and activate the work in service projects and accelerate the completion of clear time and we want to exploit this stage to implement projects and provide services not previously implemented.
The Prime Minister that "a lot of service directorates have been transferred to the provinces in the past two years, namely health, education, municipalities, agriculture, youth, sports and social welfare and these districts were transferred with full financial allocations to the provinces have warned the provinces that the transfer of powers to them will cause a problem because it does not have The whole structure of the management of these institutions; but they said they can manage them and that's what created the problem. "
He added that "the transfer of powers to the provinces caused the creation of another problem is the allocation between the parties in the provincial councils, even at the level of school principals away from professional and correct work and this reflected negatively on citizens."
Abadi pointed out that "we are not against the provinces but the provinces must do their duty to provide services to citizens and to absolve the federal government from default, but in the provinces a major imbalance in the provision of services because most services are responsible for them, and the claim that financial allocations do not exist is not true, Weak during the past years. "
He added that "some provinces have adequate financial allocations, but there is mismanagement," noting that "the biggest corruption we face is mismanagement and waste of state resources in the projects are incorrect; but we direct money to serve the citizen directly."
The prime minister said that "part of our approach to challenge the law passed by the House of Representatives during the last session is that we did not know it and was silent in some paragraphs and when we followed the law we challenged him and the Federal Court suspended its implementation," pointing out that "we do not want additions to new expenses, And the first amounts to go to citizens to improve their level of living and create jobs.
"When we took responsibility for the administration of services in the provinces, we have quickly added a large amount of electricity to the province of Basra and within the allocations of regional development," he said.
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ARTICLE 4
Hakim confirms his stand by the legitimate demands of the demonstrators and calls for the speed of forming a government service
2018/7/24 14:46
[Ayna-Baghdad]
The head of the National Alliance, the head of the National Wisdom Movement, Ammar al-Hakim, on the first anniversary of the founding of the wisdom movement stood by the legitimate demands of the demonstrators, calling for the formation of a government of service.
"On the first anniversary of the establishment of the National Wisdom Movement on July 24, we stand in the hands of our people to reaffirm our determination to achieve," he said in a statement issued today. Our project is the project of [a fair modern state], in which we see a solution to all the problems that Iraq is experiencing politically, socially and culturally, and we reaffirm the path of continuous review of performance [see and do not back down] and stand up to achievements and strengthen them with the same youth, Constructive and important to achieve the aspirations of the people and honor to serve, and review failures and work to address them.
"On this anniversary, we reiterate our assertion that the national wisdom stream will be where the wisdom is, and Iraq will be united in moderation and moderation and a starting point for political, economic and social construction."
"We congratulate the sons and daughters of the National Wisdom Movement for this wonderful occasion. We call on the Future Parliamentary Wisdom bloc and all members of the National Wisdom Movement to make the service of citizens a goal, a method and a priority above all priorities. We consider our presence in politics to be our belief that we have a project capable of achieving What the Iraqi citizen aspires to serve people honor after honor. "
"We call upon the political forces and personalities to accelerate the formation of the government of service, which takes upon itself the realization of the demands of citizens to provide services and achieve comprehensive development in various aspects of life. We also renew our stand alongside the legitimate demands of the demonstrators and call them to maintain peaceful demonstrations and public and private property" .
Hakim stressed that "the stream of national wisdom is a new political trend born out of the womb of the Iraqi pain and the challenges of the country, which renews the era of loyalty to the homeland, and loyalty to the people to maintain the objective approach and to defend the homeland.
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ARTICLE 5
The execution of an immigrant urging the killing of civilians in Sinjar
2018/7/25 12:01
[Ayna - Baghdad]
Nineveh Criminal Court sentenced to death by hanging to death a member of the terrorist group called the "Muhajir" who was involved in crimes that killed a number of civilians.
"The second body of the Ninawa Criminal Court sentenced to death one of the terrorists belonging to the terrorist organization called the [immigrant]," the official spokesman of the Supreme Judicial Council, Judge Abdul Sattar Birqdar, said in a statement.
"The perpetrator killed a number of civilian men and women in Sinjar district as well as fighting against the security and military forces in Mosul," Berkdar said.
He added that "the court issued a death sentence hanging to death against the accused in accordance with the provisions of Article IV / 1 of the anti-terrorism law."
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