WOTS Tuesday 8/7/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,165.2000 | 1,165.2000 | 1,165.2000 | | 20:24 |
| USD/VND | | | 23,268.0000 | 22,920.7000 | 22,921.7000 | | 04:15 |
| USD/CNY | | | 6.8612 | 6.8190 | 6.8529 | | 06:44 |
| USD/KWD | | | 0.3026 | 0.3019 | 0.3022 | | 06:23 |
| GBP/USD | | | 1.2973 | 1.2937 | 1.2942 | | 06:44 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,545.0000 | 14,422.0000 | 14,545.0000 | | 06:43 |
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DC NY Iraq Articles:ddddddd
Nizhirvan Barzani: Kurdistan Parliament elections will be held on schedule
2018/08/07 13:05
Baghdad today - Arbil
Kurdistan Regional Government President Nigervan Barzani said on Tuesday (August 7th, 2018) that the Kurdistan Regional Parliament elections will be held on schedule.
"There is no request from the United States of America to postpone the elections of the parliament of the Kurdistan region," Barzani told a news conference held after the cabinet meeting in Arbil, Baghdad, said that "during the meeting, the elections were held on time."
He said that "so far did not demand any party in the Kurdistan region to postpone the elections," noting that "the Kurdistan Democratic Party has confirmed that they are held on time."
As for US sanctions against Iran, Barzani said: "Our position on the sanctions will be in the framework of the Iraqi position." The first package of sanctions that came into effect today on Iran is no longer clear for the Kurdistan region.
Kurdistan declares its position on Iran's sanctions and demands Washington to clarify
Kurdistan24 Arbil
President of the Kurdistan Regional Government, Nechirvan Barzani during his press conference - Photo: Kurdistan 24
IRAQ KURDISTAN Iran sanctions
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Erbil (Kurdistan 24) - The head of the Kurdistan Regional Government, Nechirvan Barzani, said Tuesday that his government will deal with US sanctions on Iran within the framework of Iraq and its constitution.
US President Donald Trump has imposed comprehensive sanctions on Iran after it pulled out of its nuclear deal in 2015.
The sanctions target Iran's purchases in the automotive and transportation sector as well as its business activities and purchases of gold and other basic metals.
Barzani told Kurdistan 24 on the sidelines of a press conference held in Arbil that the government of Kurdistan will deal with US sanctions on Iran within the framework of Iraq.
"We have asked the United States to send a delegation to the Kurdistan Region to clarify the impact of sanctions under the economic embargo on Iran."
Trump made a strong warning to US trading partners from dealing with Iran and said, "Whoever deals with Iran will not deal with us."
Iraqi President Fuad Masoum said in an interview with Al-Hurra television that the circumstances of Iraq and the nature of its relations with Iran make it difficult for him to abide by sanctions.
US officials say the United States will not grant exemptions or exemptions from the sanctions, but will consider any requests individually
Baghdad/ Iraq TradeLink: Iraqi water resources ministry disclosed that the country depends on water storage in Mosul Dam to cover the shortages in both the Tigris and the Euphrates Rivers.The sources pointed that the storage of water began to decrease from 315 meters to 308 meters above sea level during this summer.
The storage of water this year is lesser than the past year, so Iraq is studying to limit the cultivation in the coming winter season.The decision is expected to be ordered in October, 2018.Before this year’s drought, the level of Mosul Dam reached to 330 meter above the sea level, according to official estimates.
Last June, Iraq ordered not to cultivate 8 crops, including rice, corn and cotton, due to the current water crisis.Iraq, mostly, depend on its two main rivers and rivulets to get water.
Iraq plans to sign a contract to establish a large oil refinery for export
Release date: 2018/8/7 10:39 • 406 times read
(Baghdad: Al-Furat News) Oil Minister Jabbar al-Luaibi revealed close to the ministry's signature on the establishment of a large oil refinery in the province of Basra.
"The next few days will witness the signing of the contract of the FAO refinery with a capacity of 300,000 barrels per day. This is for export. We are seeking to turn Iraq from an importing country into a source of oil derivatives," al-Allaibi said in a press statement.
"In our future plans, we are keen to get the production of oil derivatives to 2 million barrels per day in 2024," he said.
"We are currently working on more than 12 refineries throughout the country, and we in the ministry opened wide doors on investment plans, in order to build refineries up to 1.5 million barrels per day throughout the country and we signed during the past days a contract to build a refinery in Kirkuk with a capacity of 70 thousand barrels Daily".
He pointed out that "the capacity of liquidation in all refineries currently operating 670 thousand barrels per day, and this production is not enough to meet the needs of the country, which amounts to one million and 200 thousand barrels per day, where the shortage of imports, which is a major imbalance, especially as the amounts of import derivatives exceed Since 2003, no new refinery has been built in Iraq. Agreements have been signed with companies to set up refineries, but most have not been successful. "
"For example, a contract was signed in 2015 to set up an investment refinery in Amarah with a capacity of 150,000 barrels per day, but throughout that period the company did not start working despite our ongoing negotiations with the contractor. After that it turned out that it was unable to do so. The second was signed in 2014 in Karbala, and the work was slow, but I tried to get some obstacles in the project to resume work and it actually happened, but this liquidator can not bear fruit in less than three years.
The oil minister said, "The refinery of Baiji refinery, which had a production of 350 thousand barrels per day, was completely destroyed by terrorist gangs, while we started a year ago to rehabilitate the refinery (Salahuddin 2) within the complex, is expected to run at the end of this month With a capacity of up to 70 thousand barrels per day and 100% Iraqi holdings, as we are preparing soon to begin rehabilitation of the refinery {Salahuddin 1} card also up to 70 thousand barrels per day, and then qualify the rest of the refineries in Baiji and all this maintenance did not cost the country more than 500 million dollars , And the ministry was able in a short period of rehabilitation of modern refineries, Chinese and Qayara, Kisk and Kirkuk
"The ministry is working according to a plan to provide oil derivatives to all parts of Iraq, including the Kurdistan region in a stable way to prevent queues in front of filling stations, especially winter times through the provision of white oil and other derivatives."
He noted, "As for liberated areas, the ministry's staff would enter these areas immediately after liberation to meet the needs of the people there for derivatives, as well as to provide other supplies."
"In our future plans, we are keen to get the production of oil derivatives to 2 million barrels per day in 2024," he said.
"We are currently working on more than 12 refineries throughout the country, and we in the ministry opened wide doors on investment plans, in order to build refineries up to 1.5 million barrels per day throughout the country and we signed during the past days a contract to build a refinery in Kirkuk with a capacity of 70 thousand barrels Daily".
He pointed out that "the capacity of liquidation in all refineries currently operating 670 thousand barrels per day, and this production is not enough to meet the needs of the country, which amounts to one million and 200 thousand barrels per day, where the shortage of imports, which is a major imbalance, especially as the amounts of import derivatives exceed Since 2003, no new refinery has been built in Iraq. Agreements have been signed with companies to set up refineries, but most have not been successful. "
"For example, a contract was signed in 2015 to set up an investment refinery in Amarah with a capacity of 150,000 barrels per day, but throughout that period the company did not start working despite our ongoing negotiations with the contractor. After that it turned out that it was unable to do so. The second was signed in 2014 in Karbala, and the work was slow, but I tried to get some obstacles in the project to resume work and it actually happened, but this liquidator can not bear fruit in less than three years.
The oil minister said, "The refinery of Baiji refinery, which had a production of 350 thousand barrels per day, was completely destroyed by terrorist gangs, while we started a year ago to rehabilitate the refinery (Salahuddin 2) within the complex, is expected to run at the end of this month With a capacity of up to 70 thousand barrels per day and 100% Iraqi holdings, as we are preparing soon to begin rehabilitation of the refinery {Salahuddin 1} card also up to 70 thousand barrels per day, and then qualify the rest of the refineries in Baiji and all this maintenance did not cost the country more than 500 million dollars , And the ministry was able in a short period of rehabilitation of modern refineries, Chinese and Qayara, Kisk and Kirkuk
"The ministry is working according to a plan to provide oil derivatives to all parts of Iraq, including the Kurdistan region in a stable way to prevent queues in front of filling stations, especially winter times through the provision of white oil and other derivatives."
He noted, "As for liberated areas, the ministry's staff would enter these areas immediately after liberation to meet the needs of the people there for derivatives, as well as to provide other supplies."
Iraq protesters block roads leading to Basra oil field
Iraq, August 7, 2018
Hundreds of protesters from the province of Basra blocked off roads leading to the West Qurna oil field on the ninth consecutive day of their protests, Al-Araby Al-Jadeed news site reported.
Activist Imad Hameed told the news site that “the Iraqi security forces are trying to open the roads, but the protestors have insisted their demands to provide services and employment opportunities for the unemployed and fight corruption be met.”
Meanwhile, dozens of the province’s residents have gathered in front of the Russian Lukoil oil company working in Qurna oil. Security forces surrounded the demonstrators and closed the oil field’s gates to stop protesters storming it.
Iraq has witnessed increased protests over the past few weeks with activists calling for an end to corruption and greater jobs for locals in the oil-rich south. In response to the uprisings, last week the government approved a proposal which would mean 50 per cent all staff in foreign companies would need to be made up of local workers, Al-Khaleej Online reported.
Backing the protests, former prime minister and head of State of the Law coalition, Nouri Al-Maliki, has calling on demonstrators not to abandon their rights.
Iran currency woes, Mosul’s liberation help gold markets boom
Iraq, August 7, 2018
Gold traders in the Kurdistan Region say the market has grown by 45 percent in the last year due to falling prices and a boom in exports to Mosul and Iran.
According to figures produced by government regulators, gold imports to the Kurdistan Region reached new heights in 2013 when 114 tons of the precious metal was brought in from the United Arab Emirates (UAE) and Turkey.
Gold imports fell dramatically in subsequent years – to 77 tons in 2014, 56 tons in 2015, 44 tons in 2016, and 25 tons in 2017.
Imports have returned to growth in the past four months.
“Because of the falling prices of gold, a fall of 30,000 dinars in a mithqal of gold, and the export of gold to Mosul, the gold market has boomed in the Kurdistan Region compared to last year,” Shwan Mohammed, deputy head of Erbil goldsmiths’ syndicate, told Rudaw.
ISIS held Mosul for three years, from summer 2014 until its liberation in June 2017. This allowed the Kurdistan Region’s gold traders to return to this large market.
Wracked by a currency crisis, Tehran currently doesn’t allow traders to import gold into Iran. That is why traders use the Kurdistan Region as a transit place to import gold from Turkey and the UAE.
“Iranian traders purchase gold in Turkey and the UAE, transport it to the Kurdistan Region, and then take it to Iran by their own special means. And this benefits cargo companies and the government too, as they charge 25,000 dinars for transporting a kilo of gold and the government charges 275,000 dinars for importing a ton of gold as tax, customs and inspection fees,” Mohammed said.
Last year, traders in the Kurdistan Region imported gold via Najaf and Baghdad airports because of the international flight ban on Erbil and Sulaimani airports. As the road route from Iraq to the Region is fraught with obstacles, gold imports to the Kurdistan Region declined.
“We don’t have precise figures on the gold imported last year because the customs offices no longer give us these figures. However, according to estimates, nearly 20 to 25 tons were imported last year. But this year, after the blockade on Kurdistan airports was lifted, gold imports have increased by 45 percent compared to last year,” Mohammed said.
In the Kurdistan Region, there are around 40 companies that buy broken gold, which they turn into pure gold bars for export to the UAE and Turkey.
“Due to increasing demand on gold, imports of gold have increased compared to last year. For example, since the ban on Erbil airport was lifted, we have imported one ton of gold. Other companies have imported a fair amount of gold too. I think the amount of gold imported in the first four months of this year is as much as the amount imported during last years as a whole,” Rawand Sabah, the owner of a gold company in Erbil, told Rudaw.
Iranians buy gold
Fearing the toman price will fall further against the dollar, the people of Iran are converting their cash into foreign currencies and gold – boosting demand.
Some Kurdish traders buy broken gold in the Kurdistan Region and sell it to Iranian merchants, and then buy gold bars in Dubai and sell it to goldsmiths in the Kurdistan Region.
“This business has developed in the Kurdistan Region, which is why broken gold is rarely exported to Dubai. Gold transportation companies are therefore not in high demand. In the past, we were exporting 50 kilos to Dubai, but 10 nowadays,” Sabah said.
Traders import nearly 70 percent of their gold from Dubai to the Kurdistan Region on loan because of the trust and coordination that exists between Kurdish and Dubai traders.
“I get 80 percent of the gold I import from Dubai by loan, and I often sell all the gold to goldsmiths by short-term loans too. Currently, I have nearly 200 kilos of gold in loans. They pay me back an amount weekly after they sell the gold. And I send broken gold or cash to gold companies in Dubai,” Kamaran Mohammed, a goldsmith in Erbil, said.
Changes in taxation and customs fees
Kauaihn Iraq Articles:ddddddd
Jubouri to the British ambassador: We seek to form a government representing everyone without exception
Editorial Date: 2018/8/7 11:58 • 79 times scheduled
(Baghdad: al-Furat News) The leader of the National Coalition Salim al-Jubouri during a meeting with British Ambassador to Iraq John Wilkes that the end of the counting and sorting will be a motive for political forces in order to move to form the next government.
"The meeting discussed the political and security developments in Iraq and the region, and ways to strengthen relations between the two friendly countries. The meeting discussed the formation of the next government," a statement issued by his office said.
He stressed Jubouri, "The political blocs are striving to reach understandings in order to mature ideas to reach a unified vision on the form of the next government."
He considered that "the completion of the counting process will constitute a shift and a motivation for all the forces in order to proceed at a steady pace in order to form a government representing everyone without exception."
For his part, the British ambassador confirmed the support of his government to Iraq, praising the role of Jubouri and his constant efforts to support the democratic process in the country.
He stressed Jubouri, "The political blocs are striving to reach understandings in order to mature ideas to reach a unified vision on the form of the next government."
He considered that "the completion of the counting process will constitute a shift and a motivation for all the forces in order to proceed at a steady pace in order to form a government representing everyone without exception."
For his part, the British ambassador confirmed the support of his government to Iraq, praising the role of Jubouri and his constant efforts to support the democratic process in the country.
Will Iraq be affected by economic sanctions against Iran?
August 7, 2018
The economic sanctions imposed by the United States on Iran will have a negative impact on Iraq because of trade relations between the two countries, economic expert Firas Zuwain said on Tuesday.
"Iraq could be affected by US sanctions against Iran because neighbor countries are based on mutual benefit, any damage to any country that affects one or another of neighboring countries," Zuwain told Iraq News.
He added that "Iraq has strong economic relations with Iran, where the volume of trade exchange between the two countries $ 9 billion, certainly any sanctions imposed on Iran will be reflected negatively on the Iraqi reality," noting that "Iran has very limited alternatives can not stop the export of its industry to Iraq Or to any other neighboring country, but things may differ from before the imposition of sanctions. "
He added that "the embargo imposed by America weighs heavily on Iran and its neighboring countries. The opposition here will be on the part of Iraq more than the Iranian side because Iran has nothing to lose. Iraq also has commercial and political ties with America." And the public might create problems for Iraq with America is indispensable. "
He pointed out that "European companies with their vigilance and durability fear the US sanctions in the event of continuing trade relations with Iran, how the Iraqi economic situation, which is more fragile than these companies."
US President Donald Trump had earlier signed an executive order that would reinstate a package of sanctions against Iran, three months after Washington withdrew from the nuclear deal.
US sanctions on Iran entered into force on Tuesday morning, targeting a number of sectors of Iran's vital economy and restricting foreign companies' dealings with them in preparation for a ban on its oil. Finished
Federal Court clarifies its mission in electing the President of the Republic
Editorial Date: 2018/8/7 12:40 • 116 times read
[Baghdad: Al Furat News} The Federal Supreme Court, its mission in the election of the President of the Republic.
The Federal Court, the highest judicial body in the country, extends its jurisdiction to all Iraqi territory and carries out its work under the Constitution and its law by No. 30 of 2005, and has other functions as stipulated by laws enacted by the Council of Representatives in accordance with its legislative authority provided for in Article 61 of the Constitution Including Article {7} of the Law of Governorates not organized in the region No. 21 of 2008 amended.
In light of the Iraqi legislator's sense of the importance of the constitutional judiciary and its role in protecting constitutional procedures and ensuring its integrity and non-deviation from legality, the Federal Supreme Court has a major role in implementing the provisions of the law of candidacy for the post of President of the Republic.
The President of the Republic, as defined by Article 67 of the Constitution, is "the head of state and the symbol of national unity, represents the sovereignty of the country, and ensures the observance of the Constitution and the preservation of Iraq's independence, sovereignty, unity and territorial integrity in accordance with the provisions of the Constitution."
Article (69 / I) of the Constitution stipulates that "the provisions of candidacy for the post of President of the Republic shall be regulated by law." The law of the provisions for candidacy for the post of President of the Republic No. 8 of 2012 and published in the Official Iraqi Gazette No. 4231 in 27 February of 2012.
Under the said law, he announces the candidacy for the post of President of the Republic within three days from the date of election of the Speaker of the House of Representatives and his deputies in its new legislative session - after three days of the first session of the House of Representatives - where applicants submit their applications to the Presidency of the House of Representatives within three days of the start Announcement of submission.
Article (5) of the law gives the person whose name does not appear the right of objection to the Federal Supreme Court within three days from the date of the declaration. The court shall then decide within three days from the date of registration of the objection to it. Its decision is binding and binding. The Presidency of the Council of Representatives shall report its decision regarding the objection submitted to it within three days from the date of its issuance.
Thus, the Federal Supreme Court will extend its work under the law to nine days between receipt of the objection and the decision and the notification of the presidency of the Council of Representatives result.
After the election is completed in accordance with the mechanisms stipulated in Articles 7, 8 and 9 of the said law, the President of the Republic elected in the presence of the President of the Federal Supreme Court shall be sworn in as provided for in Article 50 of the Constitution.
The law of the provisions of candidacy for the post of President of the Republic has been implemented for the first time in the third legislative session, led Fuad Masum in front of the House of Representatives in its meeting on 24/7/2014, after his election as President of the Republic sworn in the presence of the President of the Federal Supreme Court Judge Medhat Mahmoud.
In light of the Iraqi legislator's sense of the importance of the constitutional judiciary and its role in protecting constitutional procedures and ensuring its integrity and non-deviation from legality, the Federal Supreme Court has a major role in implementing the provisions of the law of candidacy for the post of President of the Republic.
The President of the Republic, as defined by Article 67 of the Constitution, is "the head of state and the symbol of national unity, represents the sovereignty of the country, and ensures the observance of the Constitution and the preservation of Iraq's independence, sovereignty, unity and territorial integrity in accordance with the provisions of the Constitution."
Article (69 / I) of the Constitution stipulates that "the provisions of candidacy for the post of President of the Republic shall be regulated by law." The law of the provisions for candidacy for the post of President of the Republic No. 8 of 2012 and published in the Official Iraqi Gazette No. 4231 in 27 February of 2012.
Under the said law, he announces the candidacy for the post of President of the Republic within three days from the date of election of the Speaker of the House of Representatives and his deputies in its new legislative session - after three days of the first session of the House of Representatives - where applicants submit their applications to the Presidency of the House of Representatives within three days of the start Announcement of submission.
Article (5) of the law gives the person whose name does not appear the right of objection to the Federal Supreme Court within three days from the date of the declaration. The court shall then decide within three days from the date of registration of the objection to it. Its decision is binding and binding. The Presidency of the Council of Representatives shall report its decision regarding the objection submitted to it within three days from the date of its issuance.
Thus, the Federal Supreme Court will extend its work under the law to nine days between receipt of the objection and the decision and the notification of the presidency of the Council of Representatives result.
After the election is completed in accordance with the mechanisms stipulated in Articles 7, 8 and 9 of the said law, the President of the Republic elected in the presence of the President of the Federal Supreme Court shall be sworn in as provided for in Article 50 of the Constitution.
The law of the provisions of candidacy for the post of President of the Republic has been implemented for the first time in the third legislative session, led Fuad Masum in front of the House of Representatives in its meeting on 24/7/2014, after his election as President of the Republic sworn in the presence of the President of the Federal Supreme Court Judge Medhat Mahmoud.
Finance: Launch of 200 billion dinars for service projects in four provinces
Editorial Date: 2018/8/7 8:45 • 189 times read
(Baghdad: Al-Furat News) The Ministry of Finance, the launch of the amounts of service projects to four southern provinces witnessed demonstrations about a month ago against poor services and unemployment.
"The Ministry is currently working on the preparation of the federal budget for 2019," Undersecretary of State Maher Hammad Jouhan said in a press statement, noting that she "made sure to prepare for excellence in a different style in line with the developments in the country."
He denied the existence of the intention to "prepare a supplementary budget for this year because the adoption requires the existence of the House of Representatives, in contrast the ministry is currently working laws and instructions going."
On the release of funds allocated for the completion of projects in four provinces, Juhan confirmed that "the ministry will launch soon," revealing the "coordination of the ministry with the relevant authorities in the provinces of Basra and Dhi Qar, Najaf and Muthanna."
The Undersecretary of the Ministry of Finance that "the total amounts up to 200 billion dinars, had been provided by emergency allocations," pointing out that "the release of project amounts to the provinces of Baghdad and Wasit and Diwaniyah and Maysan pending decisions of the Ministry of Planning resulting from the meeting held for this purpose last week." is over
He denied the existence of the intention to "prepare a supplementary budget for this year because the adoption requires the existence of the House of Representatives, in contrast the ministry is currently working laws and instructions going."
On the release of funds allocated for the completion of projects in four provinces, Juhan confirmed that "the ministry will launch soon," revealing the "coordination of the ministry with the relevant authorities in the provinces of Basra and Dhi Qar, Najaf and Muthanna."
The Undersecretary of the Ministry of Finance that "the total amounts up to 200 billion dinars, had been provided by emergency allocations," pointing out that "the release of project amounts to the provinces of Baghdad and Wasit and Diwaniyah and Maysan pending decisions of the Ministry of Planning resulting from the meeting held for this purpose last week." is over
Governor of Wasit achieved "excellent economic achievements" in his visit to an Iranian province
Release date: 2018/8/7 12:09 • 201 times scheduled
(Baghdad: Al-Furat News) Wasit Governor Mahmoud Mullah Talal, "distinguished economic achievements" in his recent visit to the Iranian province of Ilam, adjacent to Wasit.
"The visit of the Governor of Wasit to Elam has resulted in excellent achievements, including the return of the Mehran crossing to the trucks and the formation of a joint Iranian-Iraqi committee to deal with the border issues, reforming tariffs and consolidating them at all the crossings of the country," said Iranian governor Qassem Soleimani Dashtaki. Special credit for the infrastructure projects of the Iraqi Shihabi crossing adjacent to the region (Jnkula) western Iran. "
"The re-opening of the Mehran border crossing with Iraq, in front of the trucks, comes within the framework of successful consensus reached when the Iraqi governor of Wasit visited Ilam last week," the official said.
"The re-opening of the Mehran border crossing with Iraq, in front of the trucks, comes within the framework of successful consensus reached when the Iraqi governor of Wasit visited Ilam last week," the official said.
UNESCO says to organize int’l conference in Paris soon over Iraq reconstruction
Iraq, August 7, 2018
A UNESCO official said on Sunday that preparations are underway to organize an international conference in Paris soon to support the Iraqi government in its bids to reconstruct the war-torn city of Mosul and other cities liberated from Islamic State group.
During a meeting with Secretary-General of the Iraqi Council of Ministers Mahdi al-Allaq, Director of the UNESCO office in Iraq Louise Haxthausen stressed the organization’s keenness on going ahead with efforts to maintain Iraqi heritage and protect monuments in the liberated areas.
UNESCO will organize an international conference in Paris soon to support the Iraqi government in its efforts to rebuild Mosul and other liberated areas, in addition to restoring and maintaining Iraqi monuments, Haxthausen noted.
She added that the conference will also discuss means of “helping the displaced people and attracting the largest number of donors to support Iraq in its reforms and reconstruction plans.”
The meeting was attended by French Ambassador to Iraq Mr. Borno Aboyer, who also stressed that his government will continue to provide all possible support for the Iraqi government to reconstruct liberated areas.
Iraq declared victory over Islamic State in December with the help of a US-led alliance, having retaken all the territory captured by the extremists in 2014 and 2015.
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Today in History
My San Antonio
My San Antonio
Today in History Today is Monday, Aug. 6, the 218th day of 2018. There are 147 days left in the year. Today's Highlight in History: On August 6, 1945, during World War II, the U.S. B-29 Superfortress Enola Gay dropped an atomic bomb code-named "Little Boy" on Hiroshima, Japan, resulting in an estimated 140,000 deaths. (Three days later, the United States exploded a nuclear device over Nagasaki; five days after that, Imperial Japan surrendered.) Read the full story
Here's the biggest news you missed this weekend
USA TODAY
USA TODAY
Trump claims press is the "enemy of the people," Don Jr.'s Russia meeting, Meghan Markle's royal birthday, and more news you missed. Read the full story
I paid off my mortgage with a credit card—here’s how you can, too
"We decided many years ago that we wanted to be entirely debt-free by the age of 40, and we made it with a few years to spare."
How this 28-year-old built up $250,000 in savings and plans to retire by 37
"No inheritances, no windfalls," yet one Minneapolis-based millennial plans to retire in less than a decade with $750,000 in the bank.
OIL/COMMODITIES/ENERGY
Gold dips on stronger dollar, speculative selling
Gold prices pared early gains and steadied amid a firm U.S. dollar on Monday, albeit trading above a 17-month low supported by concerns over the U.S.-China trade conflict.
What's Next for Gold Prices
TheStreet
Gold has not had a good year by any stretch of the imagination. But, the bottom may be in. Here's how to think through the gold market's dynamics. Gold's outlook may be about to finally brighten up. After living through more than a few massive booms and busts in the markets, as well as far more intra-year seasonal cycles in gold than I'd care to remember, even a hard-head like me has learned a few lessons. And one of these is that massive washouts like the one we're experiencing in gold right Read the full story
Oil Prices Gain as Saudi Arabia's Crude Production Drops
Investing.com
© Reuters. Oil prices edged up on Monday Read the full story
US sanctions on Iran could push oil prices above $90 a barrel by year-end, analyst says
U.S. sanctions on Iranian crude could soon push oil prices above $90 a barrel, one oil analyst told CNBC Monday, amid heightened energy market fears of a looming supply shock.
BANKS/BANKING/CREDIT
Wells Fargo Office Pool Won $543 Million Lottery Jackpot
Bloomberg
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App A Wells Fargo & Co. bank branch in California. Workers at a Wells Fargo & Co. branch in California just hit the jackpot. A group of employees in San Jose won the $543 million Mega Millions jackpot late last month, according to a person with knowledge of the matter, who asked not to be named because the winners haven’t identified their employer publicly. It’s the largest prize ever on a single-state ticket, the California Lottery said Read the full story
Wells Fargo says hundreds lost homes to computing 'error'
Engadget
Software mistakes are normally little more than inconveniences, but they had ... Read the full story
PNC Financial’s Jeffrey Mills says "stay long, just make sure you have your seat belts fastened."
Here are the bank accounts that pay the most
CNBC
People can find a more profitable place to store their savings right now. Read the full story
Best Credit Cards for Travel Miles 2018
Forbes Magazine
By choosing one of the best credit cards for travel miles you can save money and earn miles for future trips. If you're a frequent or casual traveler, consider adding one of the following best credit cards to your wallet. Read the full story
Europe's largest bank tops expectations with rebounding profit
CNBC
HSBC, Europe's largest bank, said profit before tax went up by 4.58 percent year-over-year to $10.712 billion in the first-half of 2018. Read the full story
HSBC reports 6 per cent jump in second-quarter profits as it launches new strategy to boost its game
South China Morning Post
The bank said that its revenue gains in the first half of the year were driven by higher deposits and balances in its retail banking and wealth management business and growth in its commercial banking business, particularly in Hong Kong. Read the full story
Standard Chartered Bank sees virtual bank licence as ticket to new business worldwide
South China Morning Post
The bank’s Hong Kong CEO says the new operation would be run separately, but that traditional banking and branches still have a role to play Read the full story
TREASURIES/BONDS/STOCKS
Economic Calendar: Top Things To Watch
Investing.com
Investing.com
Economic Indicators Aug 06, 2018 07:52 GMT Investing.com - Earnings are due from Tyson Foods (NYSE:TSN) (Mon.), The Walt Disney Co. (Tues.), CVS Health (NYSE:CVS) (Weds.), Viacom (Thurs.) and Revlon (Fri.). The NFIB Small Business Optimism Index for July is released on Tuesday. Traders will be watching for weekly oil inventory data from the API (Tuesday) and the EIA (Wednesday). Investors will get the latest on inflation with reports on PPI (Thursday) and CPI (Friday). Look for second-quarter Read the full story
Top 5 Things To Know In The Market On Monday
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
US Treasury yields appear muted as trade tensions rumble on
U.S. government debt prices eked out minor gains on Monday.
Jamie Dimon cautions the 10-year Treasury yield could hit 5%: 'It's a higher probability than most people think'
J.P. Morgan Chase chief Jamie Dimon says people should prepare for U.S. yields of 5 percent, according to Bloomberg.
US Treasury yields appear muted as trade tensions rumble on
U.S. government debt prices eked out minor gains on Monday.
U.S. bond market takes looming Treasuries deluge in stride
Reuters
U.S. government debt supply will likely continue to boom, but bond market investors seem to be taking it in stride. Read the full story
The stock market is on pace to hit another, more impactful trillion-dollar milestone
Yahoo Finance
While Apple's $1 trillion milestone stole headlines, share buyback activity should have a bigger impact on the stock market. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Starbucks Tries to Clean Up Its Bitcoin Mess
FORTUNE
FORTUNE
Starbucks would like to clear up all this Bitcoin confusion. The coffee chain, in an an email to tech and science publication Motherboard, said that “it is important to clarify that we are not accepting digital assets at Starbucks. At the current time, we are announcing the launch of trading and conversion of Bitcoin. However, we will continue to talk with customers and regulators as the space evolves. […] Customers will not be able to pay for Frappuccinos with bitcoin.” What necessitated that Read the full story
A Culture War Is Brewing Between Bitcoin’s Old and New Money
Bloomberg
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Satoshi Nakamoto may be long gone, but his early followers are still around and their identities still unknown. They go by pseudonyms, such as Cobra, and frequently spout unpopular, pseudo-anarchist rhetoric. As the cryptocurrency’s price soared in recent years, Bitcoin’s Old Money and New Money coexisted with only occasional conflict. But this year, a prolonged slump has wiped out more than $100 billion in wealth, and the ensuing panic Read the full story
Coinbase Resumes Bitcoin Buying and Selling in Wyoming
CoinDesk
Three years since Coinbase pulled out from Wyoming, it is now returning to the Cowboy State after renewing its money transmitter license. Read the full story
Coinbase Announces Custody Plans for 40 Digital Assets, Including XRP
FORTUNE
The cryptocurrency Bitcoin is displayed in front of the Coinbase cryptocurrency exchange website. Coinbase is launching a cryptocurrency index fund, positioning it to be a full-service Bitcoin financial services firm. As cryptocurrency becomes more mainstream, pension funds and other big institutions are seeking to add it to their portfolios. This represents a potential opportunity for investors but also a new business line for the likes of Coinbase, which charges funds to be the custodian of Read the full story
Don't Expect New Bitcoin Highs in 2018
CoinDesk
While bullish on bitcoin's long-term prospects, an economist and investor heeds caution for more short-term price optimism. Read the full story
CURRENCIES
Dollar extends two-week winning streak on trade fears; euro falters
The dollar rose on Monday, building on two consecutive weeks of gains, as investors bet that trade war rhetoric and a strong U.S. economy would continue to drive the currency higher.
Read more: https://www.cnbc.com/2018/08/
Forex - Pound Slumps to 11-month Low on Brexit Warning
Investing.com
© Reuters. Pound slumps to 11-month low on Brexit warning Read the full story
The pound hits 11-month low after UK minister says there's a 60% chance of Britain crashing out of the EU with no deal
Business Insider
UK International Trade Secretary Liam Fox said in an interview on Sunday that the risk of a no deal Brexit has risen to 60%. The pound is falling on Monday morning in response. Bad German factory order data isn't helping either. Follow the pound live on Markets Insider. LONDON - The pound fell to an 11-month low against the dollar on Monday morning amid growing fears of a no deal Brexit. Sterling is down 0.4% against the dollar to $1.2963 at 10.30 a.m. GMT (5.30 a.m. ET) but fell below mid-July Read the full story
Iran eases currency rules
TRT World
Iran eases currency rules Read the full story
Iran eases currency rules, hoping to buoy rial ahead of sanctions
Reuters
Iran will ease foreign exchange rules, state TV reported on Sunday, in a bid to halt a collapse of the rial currency that has lost half its value since April due to fears about U.S. sanctions likely to be imposed this week. Read the full story
China tightens controls to slow currency's fall
My San Antonio
BEIJING (AP) — China has tightened controls on trading in its yuan in a possible effort to stop a decline against the U.S. dollar that has raised the danger of an outflow of capital from the world's second-largest economy. Read the full story
Here Are Three Reasons to Short Australia's Dollar
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Optimism that Australia’s dollar has found a bottom may be premature. The currency looks set to take another leg down as the U.S.-China trade war worsens and the outlook deteriorates for Australia’s major export earner iron ore. At the same time, the central bank is predicted to reaffirm its commitment to keeping interest rates at a record low when it meets this week. While the Aussie is already the worst-performing major currency this Read the full story
INSURANCE / HEALTH / SCIENCE
Secondhand smoke poses greater risks for teens: Study
ABC News
ABC News
Secondhand smoke poses a greater threat to teenagers, the study found. Read the full story
Teens who vape or use hookah are more likely to use marijuana later, study finds
CNN
The link between tobacco use and later marijuana use in teens ranges across tobacco products, not just conventional cigarettes, researchers have found. Read the full story
Taking regular saunas seems to transform your health — more evidence that there could be a 3rd pillar of physical fitness beyond diet and exercise
Business Insider
Taking a sauna seems to be really good for you. People in Finland regularly take saunas, where they go into extremely hot, dry rooms for short periods of time. The more saunas people take, the healthier they seem to be, according to a new medical review. Health benefits of exposing yourself to extreme heat include improved heart health, mental health, immune system function, and more. There's also significant evidence that exposing yourself to cold temperatures improves health. It's good to get Read the full story
There’s a surprisingly rich debate about how to define death
Vox
Vox
The story of Jahi McMath, a teenage girl who died this summer, shows how painful a lack of consensus can be for families. Read the full story
Insurance companies approach Trump health plans cautiously
ABC News
Insurance companies not as 'wild' about Trump's new health care options as president boasts Read the full story
USA/CANADA
New research shows the downsides of scrapping tax havens
The Hill
The Hill
A country should never set up a tax haven, but once it’s on, it's better not scrap it. Read the full story
Oil prices rise after Saudi output dips, U.S. drilling stalls
Reuters
Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau. Read the full story
Pompeo plays down North Korea sparring
Reuters
U.S. Secretary of State Mike Pompeo on Sunday played down an exchange of contentious remarks with North Korea on the sidelines of weekend regional meetings in Singapore, saying Pyongyang had made clear its continued commitment to denuclearize. Read the full story
U.S. will enforce sanctions against Iran, Pompeo says
The Washington Post
The penalties are set to resume Monday after Trump pulled out of a 2015 agreement between Iran and six world powers. Read the full story
Saudi Arabia to impose trade, diplomatic measures after Canada calls for release of activists
CBC News
CBC News
Saudi Arabia will suspend new trade and investment with Ottawa after Canada's foreign ministry urged Riyadh to release arrested civil rights activists, it said in a statement released to the official Saudi Press Agency on Sunday. Read the full story
EMERGING MARKETS
Brazil’s Disastrous 2018 Presidential Race Teaches Key Lesson For All: Demagogues Thrive Only When Establishments Fail
The Intercept
The Intercept
Brazil's establishment, after feigning anger over corruption, now backs two of Latin America's most corrupt parties, showing why it is hated. Read the full story
Should Puerto Rico Become A State? One Expert Has The Answer.
Daily Wire
Daily Wire
Should Puerto Rico become the 51st state in the union? A movement is growing for the territory to become a fully represented member of the United States, which has significant financial and electoral implications. Read the full story
New research shows the downsides of scrapping tax havens
The Hill
A country should never set up a tax haven, but once it’s on, it's better not scrap it. Read the full story
MIDDLE EAST
Netanyahu's 'nationalist' law was bait for Israel's left
New York Post
New York Post
The controversy over the nation-state law passed by Israel’s Knesset July 19 continues to percolate. At first glance, it is hard to understand why. The bill seems superfluous. It starts by asserting three principles that have been the essence of Jewish nationalism for more than a century: The land of Israel is “the historical homeland of the Jewish people.” The State of Israel is “the national home of the Jewish people.” And, in that state, the Jewish people are uniquely entitled to “national Read the full story
Iran braces for impact of US sanctions
CNN Politics
CNN national security analyst Samantha Vinograd discusses how Iran could mitigate the impact of the US sanctions, which go back into effect on Monday. Read the full story
Trump administration set to restore some sanctions against Iran on Monday
Axios
The first half of the Trump administration's new Iran sanctions strategy will kick in on Monday, restoring sanctions on any entity trading with Iran in gold, steel, aluminum, coal and other minerals and metals. The Trump administration will also restore sanctions on the Iranian automotive industry and on the issuing of Iranian debt or "significant" trade in Iranian currency. Why this matters: Trump is moving ahead with his Iranian version of "maximum pressure" — though the end game, beyond a Read the full story
Iran arrests central bank's top foreign exchange official
Aljazeera
The Iranian central bank's top foreign exchange official has been arrested, according to a judiciary spokesperson, as tensions rise ahead of the imminent return of sanctions by the United States. Ahmad Araghchi, who was a vice-governor at the bank in charge of forex, was arrested along with several other unnamed individuals, including a government clerk and four currency brokers, state broadcaster IRIB cited spokesperson Gholam-Hossein Mohseni Ejeie as saying on Sunday. The arrests come as Read the full story
Iraq reportedly ignored concerns over electronic voting machines
Engadget
Iraq is learning first-hand about the potential pitfalls of electronic voting ... Read the full story
Oil gains after monthly Saudi output shows surprise drop
Oil prices held firm on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau.
AFRICA
The world’s youngest country is close to ending its brutal five-year civil war
Quartz
Quartz
South Sudan’s brutal civil war may finally be coming to an end after rival leaders agreed a new peace deal. The deal, signed by president… Read the full story
Ethiopia’s new premier is now facing his first major domestic challenge
Quartz
Looted shops, burnt churches, and chaos reigned in Ethiopia’s second largest region after the government deployed troops there this weekend, bringing a simmering political tension… Read the full story
Nigeria: Economic Reforms Suffer As Politics Take Centre Stage
AllAfrica
The elevated political tension observed in the country ahead of the 2019 general election is negatively affecting major reforms expected to drive growth in the economy, analysts have warned. The analysts said this in separate interviews with THISDAY. This is just as the country's external reserves have dropped to $47.069 billion as of last Thursday. This represented a decline by $729 million in one month compared with the $47.798 billion it was as of July 2, 2018. The last time the external Read the full story
Zimbabwe's Mnangagwa says he wants to be 'people's leader'
Sky News
Zimbabwe's president has issued a rallying call to his country to unite behind him and work together to re-build the nation. Read the full story
ASIA
Beijing beefs up security in financial district
Reuters
Reuters
China ramped up the police presence in the financial district of its capital on Monday, with officers checking bystanders' identity cards and telling pedestrians to disperse, while at least 50 police gathered outside the banking regulator's office. Read the full story
Beijing is more worried about domestic issues than its trade war with Washington, research firm says
The elevation in trade tensions between the U.S. and China may have dominated headlines in recent months, but a tariff war is not the most pressing concern for Beijing, according to TS Lombard.
China to U.S.: We Will Survive Your Trade War
FORTUNE
China will survive its escalating trade conflict with the United States, the Chinese authorities have warned through state media. On Friday, the Chinese government announced a list of possible tariffs ranging from 5% to 25% on $60 billion worth of U.S. agricultural, metal, and chemical goods. The tariffs would go into effect if the U.S. makes good on its threat to raise tariffs to 25% on some $200 billion worth of Chinese goods. The next day, President Donald Trump said the U.S. still has the Read the full story
China’s stock market bulls and bears are locking heads, leaving room for cautious investor optimism
South China Morning Post
Nicholas Spiro says despite the recent market turbulence, the divergence of views on Chinese stocks and the economy means the country’s equities could still be attractive Read the full story
Asian stocks gain on move by China's central bank, but trade war weighs
Reuters
Asian stocks rose on Monday after China's central bank took steps to try to drag the yuan away from 14-month lows, but the tit-for-tat conflict over Sino-U.S. trade hung heavily on markets. Read the full story
EUROPE
Germany's huge trade surpluses are a burden on its EU partners
CNBC
CNBC
Germany's excessive trade surpluses are a burden on its EU partners, and its economic policies are not conducive to stability, growth and employment creation within the monetary union, Michael Ivanovitch writes. Read the full story
European markets slightly lower amid trade uncertainty; IWG shares tumble 21%
CNBC
CNBC
European markets were slightly lower Monday morning, amid a backdrop of renewed trade tensions. Read the full story
May still believes Britain will win a good Brexit deal: spokesman
Reuters
Prime Minister Theresa May still believes that Britain will negotiate a good Brexit deal with the European Union rather than failing to win any agreement for its departure from the bloc, her spokesman said on Monday. Read the full story
What would happen if Britain left the EU with no deal?
The Economist
BREXIT is due to happen on March 29th 2019, two years after Theresa May invoked Article 50, the withdrawal provision of the EU treaty. Britain and the European Union are working towards a withdrawal treaty and a framework agreement for future trade. But the gap between the two sides is large. Read the full story
Europe really doesn't need us as much as we need them
Sky News
Liam Fox's assertion that the UK sports a 60% chance of falling out of the European Union without a deal got all the headlines. Read the full story
BY THE NUMBERS
U.S. stock futures were slightly lower this morning, but recent momentum has been decidedly positive. The S&P 500 and Nasdaq have both posted five consecutive weekly gains, and the Nasdaq has a four-day win streak. (CNBC)
Cramer's game plan: 'Stick to your knitting' and keep an eye on consumer data, earnings (CNBC)
Cramer's game plan: 'Stick to your knitting' and keep an eye on consumer data, earnings (CNBC)
Corporate earnings out this morning include the latest numbers from Cardinal Health (CAH), Cooper Tire (CTB), Henry Schein (HSIC), Newell Brands (NWL), Sotheby's (BID) and Tyson Foods (TSN). After-the-bell reports today include Marriott (MAR), Etsy (ETSY), Hertz Global (HTZ), Mosaic (MOS), Tenet Healthcare (THC), Twilio (TWLO), Weight Watchers (WTW) and Zillow Group (ZG). (CNBC)
Berkshire Hathaway (BRKA, BRKB) reported quarterly profit of $4190.13 per "A" share, beating the consensus estimate of $3386.62, while revenue also topped estimates. Warren Buffett's firm saw profits jump 67 percent from a year earlier, helped in part by a rebound in Berkshire's insurance business. (Reuters)d
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Tuesday 8/7/18 did update on the indicative rates Sell Rate 1190
The currency auction is 175,248,900
There is one news and announcements for Tuesday 8/7/18
1. License to Yana Banking and Electronic Limited Liability Company
Yana Banking and Electronic Limited Liability (License) ....
August 07, 2018
Yana Banking and Electronic Limited Liability (License) ....
August 07, 2018
Yana Banking and Electronic Services LLC (License) ... Click here to download
The CBI for Monday 8/6/18 did update on the indicative rates Sell Rate 1190
Value Traded
4,798,830,284
Shares Traded
14,214,744,111
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
8-6-2018 Newshound Guru Kirk H. Sowell [New Guru] Abadi's statement that Iraq now needs $75 brent ($67 Iraqi oil) to cover operational costs - I quote it here - is the most significant thing he's said lately. That's a break-even price that doesn't include any CapX, just operational spending to keep the state clunking along.
8-6-2018 Newshound/Intel Guru Mnt Goat Article: "The Iraqi Interior Ministry reported on Friday the arrest of two money laundering bankers and transfer them out of the country." ...this article is amazing. Such a small, seemingly meaningless, tiny article but...It is chock full of goodies for us and the RV. This is what we need to see cleaned up. This is the FRAUD and MANIPULATION of the currency that is needed to be cleaned up for the CBI to pull the trigger on the reinstatement of the currency. They are trying to create the right environment for this to take place. So this is all VERY good news...Meanwhile they stall the formation of the govt as long as they can since they need to complete this cleanup of corruption...this is the reason why we wait.
8-6-2018 Newshound Guru chattels Quote: "Expectations that final results of hand recount of Iraqi 12 May parliamentary elections will be announced this week." ...I wondered aloud which Sunday. Maybe later this week we will have an announcement. I rather expect that if there is an announcement of the recount results this week that it will be next month before there is judicial ratification and a first meeting of Parliament.
8-6-2018 Newshound/Intel Guru Mnt Goat I can assure everyone reading this newsletter today that the Iraqi dinar is NOT trading globally...Relax...We are NOT where we need to be and the dinar is not yet trading on FOREX or any other global currency platform.
8-6-2018 Intel/Newshound Gurus Delta, Walkingstick and Frank26 Article: "The Stock Market Will Launch Early Next Month Electronic Query Service" THIS ARTICLE IS RECYCLED FROM END OF JULY ...SO EARLY NEXT MONTH MEANS EARLY AUGUST... ISX/ESX timing (to attract more foreign investment) possibly... in conjunction, with mention of the custodial bank they seek/sought to guarantee transactions...A PERFECT ENVIRONMENT.
8-6-2018 Guest Guru Currency365 Maliki has no power to form the largest bloc...SADR team won and he is in power to form the largest bloc, if it includes Maliki or not that is up to Sadr. But its funny that Maliki owned newspapers are saying Maliki his forming the largest bloc...
8-6-2018 Newshound/Intel Guru Mnt Goat Article: "AWAY FROM THE PROTESTS .. IRAQIS ARE WAITING TO ACTIVATE THE LAW OF THE NATIONAL OIL COMPANY IN SEPTEMBER" ...this is part of what we need to be implemented to get the reinstatement....Do you wonder why they publish this article now? The other piece is Article 140...Is this all coincidental, especially at this point in time while we wait for the elections results to be ratified, which we also know will bring some action by the CBI in the “project to delete the zeros” (but only if these other needed laws are passed and implemented). I am telling everyone that the constitution MUST be fully implemented and not just laws passed but laws enacted. ...Meanwhile the CBI has been working diligently to get all the needed banking and financial reforms in place in preparation for the govt and parliament to catch up to them in getting these laws done..
8-6-2018 Newshound/Intel Guru Mnt Goat I can assure everyone reading this newsletter today that the Iraqi dinar is NOT trading globally...Relax...We are NOT where we need to be and the dinar is not yet trading on FOREX or any other global currency platform.
8-6-2018 Intel/Newshound Gurus Delta, Walkingstick and Frank26 Article: "The Stock Market Will Launch Early Next Month Electronic Query Service" THIS ARTICLE IS RECYCLED FROM END OF JULY ...SO EARLY NEXT MONTH MEANS EARLY AUGUST... ISX/ESX timing (to attract more foreign investment) possibly... in conjunction, with mention of the custodial bank they seek/sought to guarantee transactions...A PERFECT ENVIRONMENT.
8-6-2018 Guest Guru Currency365 Maliki has no power to form the largest bloc...SADR team won and he is in power to form the largest bloc, if it includes Maliki or not that is up to Sadr. But its funny that Maliki owned newspapers are saying Maliki his forming the largest bloc...
8-6-2018 Newshound/Intel Guru Mnt Goat Article: "AWAY FROM THE PROTESTS .. IRAQIS ARE WAITING TO ACTIVATE THE LAW OF THE NATIONAL OIL COMPANY IN SEPTEMBER" ...this is part of what we need to be implemented to get the reinstatement....Do you wonder why they publish this article now? The other piece is Article 140...Is this all coincidental, especially at this point in time while we wait for the elections results to be ratified, which we also know will bring some action by the CBI in the “project to delete the zeros” (but only if these other needed laws are passed and implemented). I am telling everyone that the constitution MUST be fully implemented and not just laws passed but laws enacted. ...Meanwhile the CBI has been working diligently to get all the needed banking and financial reforms in place in preparation for the govt and parliament to catch up to them in getting these laws done..
.8-5-2018 Newshound Guru chattels Article: "Manual recount of votes to be finished on Sunday: HEC August 05 2018" I will be surprised if that Sunday is today.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
In the southern Iraqi city of Basra, a protester grabs the shields of Iraqi security forces forming a human barrier during a July 15 demonstration against unemployment and a lack of basic services. In the southern Iraqi city of Basra, a protester grabs the shields of Iraqi security forces forming a human barrier during a July 15 demonstration against unemployment and a lack of basic services.(Haidar Mohammed Ali/AFP/Getty Images) (Haidar Mohammed Ali / AFP / Getty Images)
Iraqi Prime Minister Haider al-Abadi arrives for the second day of a NATO summit in Brussels on July 12. (Tatyana Zenkovich/Pool/Reuters) Iraqi Prime Minister Haider al-Abadi arrives for the second day of a NATO summit in Brussels on July 12. (Tatyana Zenkovich / Pool / Reuters)
*************
ARTICLE 1 (from PM Abadi's website)
At the time this report was submitted, there were no new articles posted on PM Abadi's website. The latest posted item is dated August 4, 2018 and has already been shared.
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ARTICLE 2
Tweet from Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 8-6-2018 around 10 am Eastern
The @IraqiGovt is determined to deliver meaningful accountability & justice to the Yazidi and all Iraqi communities, and is working with the investigation team established under #UNSC resolution 2379 to hold Daesh accountable for their crimes in Iraq.
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ARTICLE 3
UNSC to hold meeting on Iraq next Wednesday
August 06 2018 05:43 PM
The UN Security Council will hold a meeting next Wednesday to discuss the situation in Iraq.
"The United Nations Security Council will hold a meeting on the situation in Iraq on Wednesday, August 8, 2018 at 10 am New York time (5 pm Baghdad time)," the United Nations Assistance Mission for Iraq (UNAMI) said in a statement.
During the meeting, it is expected that the Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubic, will brief on the latest developments in Iraq.
"The United Nations Security Council will hold a meeting on the situation in Iraq on Wednesday, August 8, 2018 at 10 am New York time (5 pm Baghdad time)," the United Nations Assistance Mission for Iraq (UNAMI) said in a statement.
During the meeting, it is expected that the Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubic, will brief on the latest developments in Iraq.
He will also explain the latest efforts exerted by UNAMI.
*************
ARTICLE 4
Urgent Abadi endorses referral of former ministers and senior officials to integrity
2018/8/7 10:10
[Ayna-Baghdad]
The Prime Minister's Office announced Tuesday morning that Prime Minister Haider Abadi has approved the transfer of a number of former ministers with senior officials to the Integrity Commission.
A brief statement to the office received by the agency all of Iraq [where] a copy of it that the assignment was made "against the background of corruption in the contracts of schools lagging in several provinces."
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ARTICLE 5
Street protests in Iraq could cost pro-American prime minister his job
A damaged campaign banner for Iraqi Prime Minister Haider al-Abadi in Arbil last April. A damaged campaign banner for Iraqi Prime Minister Haider al-Abadi in Arbil last April. (Safin Hamed/AFP/Getty Images) (Safin Hamed / AFP / Getty Images)
BAGHDAD — Sustained protests in Iraq's Shiite heartland this summer have dimmed the prospects that the nation's staunchly pro-American prime minister will wrest a second term, with demonstrators channeling their frustrations over poor basic services into a sweeping condemnation of his leadership.BAGHDAD - Sustained protests in Iraq's Shiite heartland this summer have dimmed the prospects that the nation's staunchly pro-American prime minister will wrest a second term, with demonstrators channeling their frustrations over poor basic services into a sweeping condemnation of his leadership.
The protests , which have morphed from chaotic and sometimes violent marches into daily sit-ins, have prompted powerful religious and political figures to zero-in on Prime Minister Haider al-Abadi as the source of Iraq's many troubles. The protests , which have morphed from chaotic and sometimes violent marches into daily sit-ins, have prompted strong religious and political figures to zero-in on Prime Minister Haider al-Abadi as the source of Iraq's many troubles. This could cost him another term, despite his widely acclaimed successes last year in leading the Iraqi government to victory over the Islamic State and firmly turning back a Kurdish bid for independence. This could cost him another term, despite his widely acclaimed successes last year in leading the Iraqi government to victory over the Islamic State and firmly turning back a Kurdish bid for independence.
While his ticket performed poorly in national elections this spring, finishing far behind that of firebrand Shiite cleric Moqtada al-Sadr, political observers had speculated Abadi might retain his position in a coalition government. While his ticket performed poorly in national elections this spring, finishing far behind that of firebrand Shiite cleric Moqtada al-Sadr, political observers had speculated Abadi might retain his position in a coalition government.
Instead, the mounting popular discontent has dealt him an abrupt setback. Instead, the mounting popular discontent has treated him an abrupt setback. For the United States, this recent turn exposes a weakness in a strategy that centered on supporting Abadi in the hope that his message of anti-sectarian nationalism would translate into a new era of Iraqi politics. For the United States, this recent turn poses a weakness in a strategy that centered on supporting Abadi in the hope that his message of anti-sectarian nationalism would translate into a new era of Iraqi politics.
If Abadi fails to secure a second term, the United States faces the prospect of a new Iraqi administration that is less sympathetic to Washington and more open to Iran at a time when President Trumphas applied economic sanctions on Tehran and threatened military action. If Abadi fails to secure a second term, the United States faces the prospect of a new Iraqi administration that is less sympathetic to Washington and more open to Iran at a time when President Trump has applied economic sanctions on Tehran and threatened military action.
Both Sadr and Hadi al-Amiri, a Shiite militia leader whose ticket finished second in the elections, have a long history of opposing US forces and consider American involvement in Iraq as a continuation of the 2003 occupation. Both Sadr and Hadi al-Amiri, a Shiite militia leader whose ticket finished second in the elections, have a long history of opposing US forces and consider American involvement in Iraq as a continuation of the 2003 occupation. While Sadr has publicly opposed Iranian influence in Iraq and the region, Amiri has benefited from Iranian military and financial support.While Sadr has publicly opposed Iranian influence in Iraq and the region, Amiri has benefited from Iranian military and financial support.
“The US certainly miscalculated by so openly pushing for a second term for Abadi,” said Nussaibah Younis, an Iraq expert with Chatham House, adding that Washington should have emphasized its priorities for the Iraqi government rather than focusing on a specific individual. "The US certainly miscalculated by so openly pushing for a second term for Abadi," said Nussaibah Younis, an Iraq expert with Chatham House, adding that Washington should have characterized its priorities for the Iraqi government rather than focusing on a specific individual. “Pushing for a continuation of Abadi was the easy way for the US to try to protect the gains it has made in Iraq over the last four years without having to do the substantial groundwork that would have been required to build up a range of political alternatives.” "Pushing for a continuation of Abadi was the easy way for the US to try to protect the gains it has made in Iraq over the last four years without having to do the substantive groundwork that would have been required to build up a range of political alternatives . "
Ahead of national elections in May, Abadi was largely seen as the front-runner owing to his stewardship of the country as Iraq fought to reclaim territory lost to the Islamic State and navigated an economic crisis driven by plunging oil prices. Ahead of national elections in May, Abadi was widely seen as the front-runner owed to his stewardship of the country as Iraq prepared to reclaim territory lost to the Islamic State and navigated an economic crisis driven by plunging oil prices. He was also credited for seeking to bridge Iraq's divide between Sunnis and Shiites. He was also credited for seeking to bridge Iraq's division between Sunnis and Shiites.
He further burnished his credentials by ordering a military response to a Kurdish referendum on whether to seek independence from Iraq. He further burned his credentials by ordering a military response to a Kurdish referendum on whether to seek independence from Iraq. That firm action seemed toerase the notion that he was weak . That firm action appeared to erase the notion that he was weak .
But in an election that saw a historically low voter participation of 44 percent, Abadi's once muscular position was severely diminished. But in an election that saw a historically low voter participation of 44 percent, Abadi's once muscular position was severely diminished. The election results are undergoing a full recount stemming from evidence of widespread irregularities and accusations of fraud, but the tally is not expected to significantly alter the original result. The election results are undergoing a full recitation stemming from evidence of widespread irregularities and accusations of fraud, but the tally is not expected to significantly alter the original result.
The nearly three-month delay in certifying the election has contributed to the mounting criticism of Abadi and has weakened his bid for another term as the winning political blocs negotiate over the formation of a new government. The nearly three-month delay in confirming the election has contributed to the mounting criticism of Abadi and has weakened his bid for another term as the winning political blocs negotiate over the formation of a new government.
Abadi has declined to discuss his prospects for a second term. Abadi has declined to discuss his prospects for a second term. He was heavily criticized for initially responding to the protests with force but has more recently softened his approach, saying the demands of the protesters are legitimate and promising immediate economic relief. He was heavily criticized for initially responding to the protests with force but has more recently softened his approach, saying the demands of the protesters are legitimate and promoting immediate economic relief.
In the southern Iraqi city of Basra, a protester grabs the shields of Iraqi security forces forming a human barrier during a July 15 demonstration against unemployment and a lack of basic services. In the southern Iraqi city of Basra, a protester grabs the shields of Iraqi security forces forming a human barrier during a July 15 demonstration against unemployment and a lack of basic services.(Haidar Mohammed Ali/AFP/Getty Images) (Haidar Mohammed Ali / AFP / Getty Images)
At first, Sadr said he would support Abadi to lead the new government. At first, Sadr said he would support Abadi to lead the new government. Last week, however, as street protests continued, Sadr outlined a set of conditions that spoke to the demands of demonstrators for change. Last week, however, as street protests continued, Sadr outlined a set of conditions that spoke to the demands of demonstrators for change. In part, Sadr said the new prime minister should be an independent who has not held elected office. In part, Sadr said the new prime minister should be an independent person who has not held elected office. That stipulation alone would eliminate Abadi from contention. That stipulation alone would eliminate Abadi from contention.
It followed an earlier swipe from the country's highest Shiite religious authority, the influential Grand Ayatollah Ali Sistani. It followed an earlier swipe from the country's highest Shiite religious authority, the influential Grand Ayatollah Ali Sistani.
During a recent televised Friday sermon, watched by millions, a representative of the reclusive ayatollah defended the protesters and said their demands were legitimate. During a recent televised Friday sermon, observed by millions, a representative of the reclassified ayatollah defended the protesters and said their claims were legitimate. He then said: “The Prime Minister assumes full responsibility for the performance of his government. He then said: "The Prime Minister asserts full responsibility for the performance of his government. He must be strict, firm and courageous in fighting the financial and administrative corruption — which is the basis for most of the country's bad situation.” He must be strict, firm and courageous in fighting the financial and administrative corruption - which is the basis for most of the country's bad situation. "
That critique was largely seen as a rare rebuke of Abadi by the religious establishment, which had supported him during his term, and revived the earlier criticism that he was weak. That critique was greatly seen as a rare rebuke of Abadi by the religious establishment, which had supported him during his term, and revived the earlier criticism that he was weak. Just hours after the sermon, demonstrators who have been gathering weekly in Baghdad's Liberation Square began turning their ire on Abadi, for the first time explicitly skewering his leadership. Just hours after the sermon, demonstrators who have been gathering weekly in Baghdad's Liberation Square began turning their ire on Abadi, for the first time explicitly skewering his leadership.
“I have participated in all the protests but today I am here especially against Abadi,” said Mohammed Ismail, 63, holding a picture of the prime minister with the word “leave” printed on it. "I have participated in all the protests but today I am here especially against Abadi," said Mohammed Ismail, 63, holding a picture of the prime minister with the word "leave" printed on it.
“Since Abadi received the post he didn't fulfill any of his promises,” Ismail said. "Since Abadi received the post he did not fulfill any of his promises," Ismail said. “He had a golden chance when all the people supported him to make reforms but he was too weak to do any of them. "He had a golden chance when all the people supported him to make reforms but he was too weak to do any of them.He is not the right person to lead Iraq.” He is not the right person to lead Iraq. "
Ahmed Adnan, 29, said Abadi had squandered unprecedented backing from parliament, Sistani and regular Iraqis. Ahmed Adnan, 29, said Abadi had squandered unprecedented backing from parliament, Sistani and regular Iraqis.
“But he was too stupid and too much of a coward to use the support and now all these three parts are against him,” he said. "But he was too stupid and too much of a coward to use the support and now all these three parts are against him," he said.
Hamid al-Mutlaq, an incumbent Sunni member of parliament, said Abadi would have been an acceptable candidate for reelection but the protests have allowed other parties to sideline him. Hamid al-Mutlaq, an incumbent Sunni member of parliament, said Abadi would have been an acceptable candidate for reelection but the protests have allowed other parties to sideline him.
“Abadi is the best among all the previous prime ministers but still, he has shown his weaknesses more than once,” he said. "Abadi is the best among all the previous prime ministers but still, he has shown his weaknesses more than once," he said. “He couldn't punish the corrupt and he couldn't face the armed militias. "He could not punish the corrupt and he could not face the armed militias. He won't be able to run the country in the next stage.” He will not be able to run the country in the next stage. "
A leading official close to the negotiations, who spoke on the condition of anonymity to discuss the sensitive talks, said Abadi's electoral ticket is no longer seen as an essential partner to the two emerging power centers: Sadr's majority bloc, supported by the Shiite Hikma group, and Amiri's bloc, supported by former prime minister Nouri al-Maliki. A leading official close to the negotiations, who spoke on the condition of anonymity to discuss the sensitive talks, said Abadi's electoral table is no longer seen as an essential partner to the two emerging power centers: Sadr's major bloc, supported by the Shiite Hikma group , and Amiri's bloc, supported by former prime minister Nouri al-Maliki.
Abadi's ticket has been relegated to the same minority status as Kurdish and Sunni parties, which are viewed as secondary partners in forming a government, the official said. Abadi's ticket has been relegated to the same minority status as Kurdish and Sunni parties, which are viewed as bilateral partners in forming a government, the official said.
In addition, a new name has emerged as a potential successor to Abadi from within his own Dawa party, Tarek Najm, a former chief of staff for Maliki, the official said. In addition, a new name has emerged as a potential successor to Abadi from within his own Dawa party, Tarek Najm, a former chief of staff for Maliki, the official said.
Iraqi Prime Minister Haider al-Abadi arrives for the second day of a NATO summit in Brussels on July 12. (Tatyana Zenkovich/Pool/Reuters) Iraqi Prime Minister Haider al-Abadi arrives for the second day of a NATO summit in Brussels on July 12. (Tatyana Zenkovich / Pool / Reuters)
Still, Abadi's allies say the prime minister could retain his seat if he emphasizes his gains against the Islamic State and points out that protesters have fixed their ire on the entire political class, including rival parties. Still, Abadi's allies say the prime minister could retain his seat if he underscores his gains against the Islamic State and points out that protests have fixed their ire on the entire political class, including rival parties.
“Due to the protests and the anger of the people, they wouldn't take the risk of choosing a new person to the post who will start from zero,” said Shamil Kahiyya, a member of the Dawa party. "Due to the protests and the anger of the people, they would not take the risk of choosing a new person to the post who will start from zero," said Shamil Kahiyya, a member of the Dawa party.
But Younis, the Chatham House analyst, said the call for a “fundamental change in approach” by both the religious establishment and the protesters have undermined any value of political continuity.But Younis, the Chatham House analyst, said the call for a "fundamental change in approach" by both the religious establishment and the protesters has undermined any value of political continuity.
“Abadi could still hang on if the political blocs struggle to identify an alternative compromise figure,” she said. "Abadi could still hang on if the political blocs struggle to identify an alternative compromise figure," she said. “But there is now a recognition that such a decision will not help to placate Iraqi citizens who are calling for radical change.” "But there is now a recognition that such a decision will not help to placate Iraqi citizens who are calling for radical change."
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ARTICLE 6
Kee keeps pace with the best electronic payment systems
2018/8/7 8:59
[Ayna-Baghdad]
Kee continues to develop electronic payment mechanisms in line with products offered worldwide. The company's media advisor, Ghazi Al-Kanani, told All Iraq, "[KI] is working on adopting the best smart systems around the world and benefiting from them to provide sophisticated products that are easy to provide financial dues. This is the first national company to provide services at a world level. Witnessed by the field of electronic payment international ".
Kanani pointed out that "the company teams are working diligently to monitor the reality of the development of payments around the world and to benefit from them locally, as the company recognizes that the volume of work in Iraq needs advanced payment systems contribute to the provision of modern payment requirements."
"International companies such as Visa, in its 2020 plan, are seeking to make the financial movements on its network biometric, making the Ki system a national pride in terms of design and performance."
Kee's family includes more than 7 million beneficiaries across Iraq.
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