WOTS Wednesday 8/1/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,171.9000 | 1,167.8000 | 1,171.9000 | | 07:07 |
| USD/VND | | | 23,256.5000 | 22,954.5000 | 23,026.1000 | | 07:07 |
| USD/CNY | | | 6.8301 | 6.7863 | 6.8118 | | 07:07 |
| USD/KWD | | | 0.3026 | 0.3017 | 0.3024 | | 07:05 |
| GBP/USD | | | 1.3133 | 1.3097 | 1.3117 | | 07:07 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,450.4000 | 14,409.2000 | 14,409.2000 | | 07:06 |
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DC NY Iraq Articles:dd
Alaq reveals the condition of freezing the membership of Abadi Party Dawa for a second term (expanded)
Release date: 2018/8/1 0:17 • 324 times read
(Baghdad: Al-Furat News) Revealed leadership in the coalition victory, Ali al-Alak on the condition of freezing the membership of Prime Minister Haider Abadi in the Islamic Dawa Party to which he belongs.
Al-Aalak told Al-Furat News that Abadi "will not resign from the Islamic Dawa Party because it is history, ideology and ideology, but it is possible to freeze his membership of the party provided that the government cab and all senior and sovereign positions and special grades in the next government are completely independent."
He added that "Mr. Muqtada al-Sadr has the right to put forward his vision in terms of the choice of the Prime Minister is a viewable dialogue," noting that "Abadi candidate victory for prime minister and not a candidate for the Dawa Party."
He pointed out that the talks and the president of the Kurdistan Regional Government, Nechirvan Barzani, did not discuss alliances, but there was dialogue and understandings regarding the formation of the largest bloc and those who say that the province of Kirkuk will be a price for the second term of Abbadi is exaggerated and today there are no deals under the table or exceeded On the Constitution and the law and the time of political deals have passed because of the pressure of the street and our principles in the convergence of victory. "
He stressed that "Abadi ended the threat of the explosion of the situation in Kirkuk and the current security forces in the province representative of all components of the people," noting that "the issue of Kirkuk has become much easier than the former, a national issue."
He pointed out that "the conflicts of distribution of positions in the province are solvable, but the size of fraud in the elections of the Council of Representatives in Kirkuk was large and remains the electoral benefits are drawing the map of political action in them."
"The Kirkuk paper is no longer a stressful paper in the formation of the government because of the existence of social and political stability in it, and the presence of the federal government in Kirkuk is deep in the Constitution and has the right to extend in all areas of Iraq, including the Kurdistan region, and the entry of troops to Kirkuk is required to end Conflict between its components and paved the way for the security of all. "
He pointed out that "the return of the Peshmerga to Kirkuk a decision subject to the assessment of the General Command of the armed forces and if accepted to be fully ordered and moved by his will, the interest remains established by the commander-in-chief."
He added that "Mr. Muqtada al-Sadr has the right to put forward his vision in terms of the choice of the Prime Minister is a viewable dialogue," noting that "Abadi candidate victory for prime minister and not a candidate for the Dawa Party."
He pointed out that the talks and the president of the Kurdistan Regional Government, Nechirvan Barzani, did not discuss alliances, but there was dialogue and understandings regarding the formation of the largest bloc and those who say that the province of Kirkuk will be a price for the second term of Abbadi is exaggerated and today there are no deals under the table or exceeded On the Constitution and the law and the time of political deals have passed because of the pressure of the street and our principles in the convergence of victory. "
He stressed that "Abadi ended the threat of the explosion of the situation in Kirkuk and the current security forces in the province representative of all components of the people," noting that "the issue of Kirkuk has become much easier than the former, a national issue."
He pointed out that "the conflicts of distribution of positions in the province are solvable, but the size of fraud in the elections of the Council of Representatives in Kirkuk was large and remains the electoral benefits are drawing the map of political action in them."
"The Kirkuk paper is no longer a stressful paper in the formation of the government because of the existence of social and political stability in it, and the presence of the federal government in Kirkuk is deep in the Constitution and has the right to extend in all areas of Iraq, including the Kurdistan region, and the entry of troops to Kirkuk is required to end Conflict between its components and paved the way for the security of all. "
He pointed out that "the return of the Peshmerga to Kirkuk a decision subject to the assessment of the General Command of the armed forces and if accepted to be fully ordered and moved by his will, the interest remains established by the commander-in-chief."
The formation of a higher council of unions and trade unions in Karbala
Release Date: 2018/8/1 0:07 • 59 times read
(Baghdad: Al-Furat News) announced Tuesday, the formation of the Supreme Council of Unions and Trade Unions in the province of Karbala.
The purpose of the Council is to unify the visions and ideas that support the civil movement in Iraq and the Council has taken several decisions and teachings that concern the professional reality and trade union work," the delegates said.
"The need to reform the political process and form a government far from sectarian quotas and racism," the statement said.
He also stressed "the development of methods of demonstrations such as sit-ins and the declaration of civil disobedience and the peaceful civil mobility and the need to stay away from abuse of security forces because they are part of society."
The meeting included 16 unions and federations: Karbala Teachers Syndicate, Syndicate of Journalists, Syndicate of Jurists, Syndicate of Physicians, Syndicate of Dentists, Syndicate of Pharmacists, Syndicate of Engineers, Syndicate of Jurists, Syndicate of Academics, General Union of Agricultural Societies, Union of Writers and Writers in Karbala, Syndicate of Artists, Syndicate of Agricultural Engineers "
"The need to reform the political process and form a government far from sectarian quotas and racism," the statement said.
He also stressed "the development of methods of demonstrations such as sit-ins and the declaration of civil disobedience and the peaceful civil mobility and the need to stay away from abuse of security forces because they are part of society."
The meeting included 16 unions and federations: Karbala Teachers Syndicate, Syndicate of Journalists, Syndicate of Jurists, Syndicate of Physicians, Syndicate of Dentists, Syndicate of Pharmacists, Syndicate of Engineers, Syndicate of Jurists, Syndicate of Academics, General Union of Agricultural Societies, Union of Writers and Writers in Karbala, Syndicate of Artists, Syndicate of Agricultural Engineers "
KDP: Kurds do not have any red line towards any person who holds the premiership
01-08-2018 01:27 PM
Baghdad News -
The Kurdistan Democratic Party (KDP) headed by Massoud Barzani said on Wednesday that there is no red line towards any person who will take over as prime minister in the next government, pointing out that efforts are currently focused on agreement on the government program to be implemented in the next stage.
Party member Mohsen al-Saadoun said in a press statement that "the Kurds do not have any red line towards any person who holds the premiership, where they stand at one distance from all the characters," noting that "the demands of the Kurds stipulated by the Constitution, and talk with any future Prime Minister On the application of the Constitution, especially with regard to the disputed areas and Article 140.
Al-Saadoun added that "the most important in the next government is the government program and different from previous governments in the past, where she read the government program without applying it, especially with regard to the rights of the Kurds."
"The Kurds are seeking to reach a final agreement on the government's future government program and set time limits for their rights," he said. "Today's efforts are focused on making the program and its implementation quite different from what was in previous governments."
Foreign Ministry announces the first of its kind of consulates in the region after 2003
Date of release: 2018/8/1 11:16 • 556 times read
(Baghdad: Al-Furat News) The Ministry of Foreign Affairs announced the implementation of the first procedure of its kind to consulates general in the Kurdistan region after 2003.
"The protocol department of the Iraqi Foreign Ministry has begun to receive copies of the consular patent of countries that have consulates operating in the Kurdistan region to start their new duties in the region for the first time after 2003," foreign ministry spokesman Ahmad Mahjoub said in a statement received by the agency. is over
Iraq sells oil in July for more than $ 7.5 billion
Date of release: 2018/8/1 12:13 • 200 times read
(Baghdad: Al-Furat News) The Ministry of Oil, the increase in total oil exports and revenues achieved for the month of July compared to last June, according to preliminary statistics issued by the Iraqi oil marketing company (Sumo).
"The amount of exports of crude oil from the oil fields in central and southern Iraq amounted to 109 million and 847 thousand and 268 barrels, with revenues of 7 billion and 597 million and 348 thousand dollars, When the statistics did not record any oil exports from the fields of Kirkuk. "
"The average price per barrel was $ 69,163 per barrel," he said.
Jihad pointed out that "the daily rate of exports amounted to 3 million and 543 thousand barrels per day," explaining that "the exported quantities were loaded from the ports of Basra and Amaya and loading platforms in the south of the country by international companies of different nationalities."
He pointed out that "the Ministry of Oil and through its faith in informing the people on the export operations and revenues from it took this monthly action."
"The average price per barrel was $ 69,163 per barrel," he said.
Jihad pointed out that "the daily rate of exports amounted to 3 million and 543 thousand barrels per day," explaining that "the exported quantities were loaded from the ports of Basra and Amaya and loading platforms in the south of the country by international companies of different nationalities."
He pointed out that "the Ministry of Oil and through its faith in informing the people on the export operations and revenues from it took this monthly action."
Iraqi judiciary suspends pension payments to former members of parliament
The court decided to stop the payment of salaries after a request by Abadi. Archived
Source: Baghdad Date: 01 August 2018
The Iraqi Federal Supreme Court decided to stop the payment of pensions to members of the former Iraqi parliament, in the midst of a wave of protests calling for reforms and improvement of services.
A judicial source confirmed yesterday that the Federal Court decided to stop the payment of these salaries, after a request by Prime Minister Haider Abadi, whose government has been facing a wave of protests since July 8.
The protests began from the oil-rich province of Basra, which lacks much infrastructure, and spread to other cities including Baghdad.
One of the demands of protesters who have been protesting for three weeks is the abolition of high salaries and privileges of members of the House of Representatives.
Abadi, in a law approved by the outgoing House of Representatives in June, is giving the council members very generous financial rights.
Iraqi President Fuad Masum refused to sign the law to include constitutional violations, but the law was issued after the legal period, and was sent for publication accordingly, according to an official statement issued by the Office of the President.
The director of the General Authority for Retirement, Ahmed Abdul Jalil al-Saadi, said in a statement to the media that his department "abstained from handing over pensions or promoting transactions of members of the former House of Representatives and members of the National Assembly and deputies of the current session ended its work."
Members of the House of Representatives receive a salary of up to 10 million dinars (8,000 dollars) per month for their four-year term, which is 80 percent of the actual salary, in addition to the salaries of 10 bodyguards. Most Iraqis feel that they are deprived of their country's large oil resources and live in the shadow of a severe lack of services, especially electricity and water.
Fighting corruption is at the forefront of the demands of protesters, who hold officials responsible for the loss of billions of dollars that have disappeared in their country, ranked 12th among the most corrupt countries in the world.
On the other hand, the Central Bank of Iraq announced yesterday that the country's revenues from the export of oil since 2005 amounted to 706 billion US dollars in 13 years, and spent $ 703.11 billion, or 99.5% of total revenue.
Kauaihn Iraq Articles:dd
Jafar: US threat to impose Abadi as prime minister with "force" will hold its position and can not be accepted by political forces
01-08-2018 12:42 PM
The Euphrates -
The Secretary-General of the Islamic Union of Iraq's former deputy Jassim Mohammed Jaafar, on Wednesday, that the US threat to impose the current Prime Minister Haider Abadi as head of the next government to "force" will hold its position, which exceeded that on Iraq can not be accepted by political forces.
Jafar said in a press statement that "if true in the newspaper Al-Sharq al-Awsat, Saudi Arabia on the imposition of Americans to my slaves by force to head the next government, it is considered a transgression on a large sovereign state like Iraq," asserting that "the political forces can not accept it."
Jaafar added that "America can not dare to impose its will on the political blocs to choose a particular figure for prime minister." He said that "this information, if true, despite its exclusion, will complicate the American situation itself."
The newspaper "Asharq Al-Awsat" Saudi Arabia revealed on Wednesday, the pressures and threats of the US against the Iraqi parties by the United States on the current Prime Minister Haider Abadi, a single candidate for the presidency of the next government, noting that Washington threatened to make some forces and people under sanctions.
Iraq suspends all powers of Kirkuk provincial council head claims member
Iraq, August 1, 2018
The Iraqi Council of Ministers has suspended the powers of the head of the Kirkuk Provincial Council, Rebwar Talabani, a member of the council said.
Speaking to AlSumariya on Tuesday (July 31), a member of the Kirkuk Provincial Council, Maan al-Hamdani, said the General Secretariat of the Iraqi Council of Ministers had ordered the suspension of all Talabani's powers.
The decision “obscures all his powers and prevents him from making decisions,” he added.
Meanwhile, another member of the council, Ahmed Askari, told NRT that the council has not yet been informed of the decision.
“If the Iraqi Council of Ministers made such decision, it would be illegal. We will refuse it because only the Kirkuk provincial council has the power to make such decisions,” he added.
The head of the Kirkuk Provincial Council left Kirkuk after Iraqi forces and the Hashid al-Shaabi retook the province from Kurdish forces in mid-October of 2017. Since then, he has lived in Erbil.
In June, a court of inquiry in Kirkuk issued an arrest warrant for Talabani, in accordance with the Article 331 of Iraqi Penal Code. A lawsuit had been filed against Talabani with the Commission of Integrity, according to the court, without giving further details.
Article 331 of Iraqi Penal Code states: “Any public official or agent who willfully commits an act in breach of the duties of his office or refrains from executing the affairs of that office with intent to harm the welfare of an individual or to benefit one person at the expense of another or at the expense of the state is punishable by detention plus a fine or by one of those penalties.”
Iraq has spent more than $700 billion oil wealth since 2005
Iraq, August 1, 2018
Iraq has raised more than $700 billion from oil since 2005, but almost the entire amount has been spent, the central bank announced Tuesday.
'Between 2005 and 2017, the finance ministry has taken in $706.23 billion dollars in foreign exchange' from oil, it said in a statement.
'A total of $703.11 billion, or 99.5 percent of the amount, has been spent,' it said.
Since Prime Minister Haider al-Abadi declared victory over the Islamic State group last December, marking an end to decades of conflict in Iraq, social grievances have boiled over in a series of protests.
After erupting in the oil-rich southern province of Basra on July 8, unrest has quickly spread to several cities, as people have vented their anger over unemployment, high prices, power cuts and a lack of usable water
Fourteen people have been killed in clashes between security forces and demonstrators, frustrated over the lack of basic services in what has been ranked one of the world's most corrupt countries.
According to parliament the equivalent of $227 billion in public funds in Iraq, OPEC's second l.
Jordanian engineers to be major actors in Iraq reconstruction’
Iraq, August 1, 2018
During a meeting with the President of the Jordanian Engineers Association (JEA) Ahmad Z'ubi, the ambassador praised the JEA, describing it as 'one of the leading associations in the Arab world'.
Suhail invited the JEA to participate in the fourth conference for investment in Anbar, slated to be held in October, the Jordan News Agency, Petra, reported.
Several Jordanian, Arab and international companies will take part in the event, which will focus on rebuilding Anbar governorate in Iraq.
Z'ubi expressed appreciation for holding the meeting at the Iraqi Embassy, stressing the 'deep-rooted' ties between Jordan and Iraq.
He highlighted the association's role in Jordan and the Arab world and commended the expertise of Jordanian engineers, which makes them 'eligible pioneers' to work outside the Kingdom.
The president outlined the training courses and other services provided by the Engineers Training Centre, which has reached 'advanced' levels in training engineers on city planning, smart cities, and renewable energy.
He noted that a delegation of Jordanian engineers is scheduled to take part in the 'project' conference to be held in Baghdad in September.
The conference will discuss rebuilding cities and restoring destroyed antiquities in Iraq.
Earlier this month, Secretary General of the Council of Ministers of Iraq Mahdi Alalak reviewed the investment opportunities available in his country, calling on Jordan’s private sector to benefit from them.
During a meeting with Planning and International Cooperation Minister Mary Kawar, Alalak also called on the Kingdom’s private sector to contribute to the reconstruction of Iraq.
The Iraqi cabinet on Tuesday voted to open a general consulate for Lebanon in Najaf .
Wednesday, 01 August 2018 01:00 pm
The Cabinet voted to open a general consulate for the Lebanese Republic in Najaf province, the office of Prime Minister Haider al-Abbadi said in a statement. The council voted to approve the recommendations and the report of the committee to study the status of joint Arab companies, Iraqi Foreign Development .
It is noteworthy that the Iraqi Council of Ministers held on Tuesday of each week a session to discuss the draft laws and developments on various political, economic and social conditions .
Dozens sit in front of West Qurna oil field in Basra
2018/08/01 00:29 Baghdad today _ Basra
A security source in the province of Basra, on Wednesday, that dozens of people gathered in front of West Qurna 1 oil field in the province.
The source said "Baghdad today," that "dozens of people in the province of Basra, they held a sit-in open to West Qurna 1 oil field, demanding to meet all their demands."
Earlier on Tuesday, July 31, 2018, a security source reported that security forces broke up the Qurna 1 sit-in, west of the field, after using force, indicating that they arrested 6 protesters, four of whom fled.
The source said for "Baghdad today", "The security forces broke up the sit-in, which was held by demonstrators in the West Qurna 1, after arresting 6 demonstrators, four of whom managed to escape."
Two demonstrators were also injured by the beatings they were subjected to by the security forces," he said, adding that "the army opened fire when the sit-in stopped."
A local source reported Tuesday (July 31, 2018) that the security forces negotiated with the protesters to end the sit-in and lift the basalt in the province of Basra.
The source told (Baghdad today), "The security forces in the province, Basra, started this morning, negotiating with the demonstrators of the province to persuade them to end the sit-in and lift the porch."
The same source reported Tuesday (July 31, 2018) that the demonstrators in the province of Basra closed the gate of the provincial council, pointing out that they erected a tent at the back gate.
The source told (Baghdad today) that "dozens of demonstrators in the province of Basra this morning, the closure of the gate of the provincial council and erected a tent to protest the deterioration of the situation in the province."
The same source said that the demonstrators in the province have renewed their protests in front of the building of the Basra Council to protest the poor conditions, and to demand better services and jobs in the province.
The southern governorates of Iraq, in addition to the capital Baghdad, witnessed almost daily demonstrations, which began on 8 July 2018 in Basra governorate in protest against poor services and unemployment, followed by similar demonstrations in Muthanna, Dhi Qar, Maysan, Diwaniyah, Wasit, Najaf, And Babylon.
The demonstrations continued for the third week in a row, clashes between protesters and security forces repeated in several governorates, resulting in the occurrence of wounded and killed in the ranks of the parties, where the High Commissioner for Human Rights, earlier, the death of (13) demonstrators, and (729) (460) security forces and (269) demonstrators, as well as the arrest of (757) demonstrators, most of whom were released during the past two days, as well as (91) government buildings and housing and wheel material damage.
The Prime Minister, Haider Abadi, has recently issued several decisions regarding services and jobs in Basra, Muthanna, Diwaniyah and Najaf, while warned of the delegates and foreign agendas trying to characterize the tracks of demonstrations from the demands that he described as "true."
Shiite militias in Iraq face bankruptcy due to lack of Iranian funding
01/08/2018
BAGHDAD (Reuters) - Iraqi Shi'ite factions linked to Iran have faced the inevitability of confronting the consequences of Iran's complex financial and economic situation as sanctions have escalated since the Bush administration announced it would withdraw from the nuclear deal and warn states and companies against doing business with Iran.
The specter of financial bankruptcy is already hovering over the more Iranian-dependent factions that are more committed to carrying out the Iranian agenda and pushing them to seek alternative financing channels that cover large commitments ranging from arming, training and paying their salaries, covering the costs of their combat missions at home and abroad, Ensuring the families of those killed, as well as other financial burdens, such as providing adequate protection to senior leaders of those factions and ensuring a "decent" standard of living.
In addition, the political, propaganda and media activities of these factions are also involved. They are also participating in the government and have representatives in the political and decision-making positions. They also have media crews and platforms that keep pace with their political and military activities and constantly polish the image of their leaders and defend the agendas they serve.
Several Iraqi Shiite militias are already facing a severe financial crisis, and they have two ways to confront them, according to specialists in the affairs of armed groups. The first and the shortest is the pressure on spending by reducing tasks and the consequent reduction in the number of fighters. By engaging in commercial and economic activities, and using their influence and control over the land to make these activities a success and ensure their profitability.
Senior political sources in Baghdad told the "Arabs" that Iraqi parties and armed groups have received from Tehran notices that alternative opportunities should be sought to fund their activities both inside and outside Iraq because of Tehran's inability to continue extending the amount of funds it had previously provided.
The same sources pointed out that "some of the Iraqi armed parties and groups have already embarked on the process of securing alternative financing opportunities through the implementation of economic projects within the territory of Iraq."
Militias seized real estate in Baghdad and Mosul and put their hands on fertile land in the Baghdad belt and began to exploit it
Among the projects adopted by these parties and groups are the establishment of small companies with local addresses to transfer some petroleum products to neighboring countries for re-export to other countries and the establishment of transport and tourism companies that get international airlines agencies to work in Iraq and the construction of restaurants and hotels in Baghdad and a number of Iraqi provinces and the establishment of farms In a number of areas.
According to the sources, some of these projects are already in production, while others are between planning and implementation.
By virtue of its influence, these groups have seized large tracts of land and land in various Iraqi areas, mainly Baghdad and Mosul, as well as their traditional areas of influence in central and southern Iraq.
These groups use their considerable influence in the Iraqi state apparatus to obtain substantial legal facilities and some soft loans to finance these projects.
Local residents in the Baghdad belt say that many of the farmlands seized by armed factions during operations taken back from the control of the Dahedash organization have not been returned to their original owners on the grounds that they are accused of collaborating with a sympathetic organization.
Residents say these lands have become areas of intensive agricultural activity over the past few months, some of which have already begun to be produced and crops are flowing into local markets.
These parties and armed groups rely on two types of local collaborators. The first consists of small traders and contractors who build, operate and manage transport companies, restaurants and hotels. The second consists of fighters in the popular mobilization forces working on farms.
According to the sources, the proceeds from these investments are divided into two parts, the first goes to local collaborators to ensure their continued cooperation while the latter is used to finance political and military activities in Iraq and abroad.
According to informed sources, the cost of Iranian military activities in Syria and Yemen is high in light of Ir
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MarketWatch
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USA TODAY
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The Motley Fool
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Newsweek
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Headwinds Hitting Hot Housing Market
Investing.com
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Reuters
Across Maracaibo, the capital of Venezuela's largest state, residents unplug refrigerators to guard against power surges. Many only buy food they will consume the same day. Others regularly sleep outside. Read the full story
Grafitti in Caracas reads, "Is there bread?" Photo: Juan Barreto/AFP/Getty Images Inflation in Venezuela will reach a stratospheric 1,000,000% by year’s end and the economy will shrink by 18% this year, the IMF projected last week. That rivals economic calamities like Germany’s in 1923 or Zimbabwe’s in the late 2000s, according to the IMF’s Alejandro Werner. The backstory: Formerly one of the richest countries in the Americas, sitting on perhaps the world’s largest oil reserves, Venezuela hasn’t Read the full story
Puerto Rico's government has reached a deal with a bondholder group to restructure more than a third of the debt owed by its troubled power company as the utility moves toward privatization Read the full story
The US may retaliate against Palestinians leading a major UN group, expert warns
CNBC
The biggest bloc of developing countries at the United Nations, the G-77 has chosen the observer state of Palestine as its next leader — but what appears to be a Palestinian victory might come at a high cost. Read the full story
Iranian President Hassan Rouhani said on Tuesday the U.S. withdrawal from a nuclear deal was "illegal" and it was up to Europe to preserve the landmark accord with Tehran. Read the full story
Saudi Arabia could target an increase in exports for the U.S. Gulf, says RBC Capital Markets. Read the full story
Iran's currency has dropped to a record low ahead of the imposition of renewed American sanctions, with many fearing prolonged economic suffering or possible civil unrest Read the full story
Saudi Arabia announced last week it was suspending oil shipments through the Red Sea's Bab al-Mandeb strait after Yemen’s Iran-aligned Houthis attacked two ships in the waterway. Read the full story
AFRICA
Africa tax officials seek to boost revenue collection
FurtherAfrica
African finance ministers and tax officials from 38 countries will meet on Monday to discuss how to harmonise tax policies and improve on domestic revenue collection. Read the full story
South Africa Overturns Diplomatic Immunity For Grace Mugabe
NPR
A South African court has overturned a government decision to grant immunity to the former first lady of Zimbabwe over her alleged assault of a South African model with an extension cord. Read the full story
South Africa: It Would Be 'Unwise' for Grace Mugabe to Visit SA Again, Say Legal Experts
AllAfrica
It would be "unwise" for former Zimbabwean first lady Grace Mugabe to enter South Africa again. This is the view of Nicole Fritz, executive director of Freedom Under Law. Fritz told News24 on Monday that the South Gauteng High Court's ruling to set aside the Department of International Relations decision to grant Mugabe diplomatic immunity in August last year, set a precedent that people who have status and influence can't visit South Africa "with impunity". "It is a huge victory for us," Fritz Read the full story
Zimbabwe begins counting votes after first post-Mugabe election
(Reuters) - Counting began in Zimbabwe on Monday in the first election since the removal of former president Robert Mugabe, a watershed vote that could welcome a pariah state back into the international fold and spark an economic recovery.
Mnangagwa is viewed as the frontrunner, though the latest opinion polls showed a tight race. There will be a runoff on Sept. 8 if no candidate wins more than half the votes.
https://www.reuters.com/
Zimbabwe: Expect Results From 3pm - Elections Body
AllAfrica
(Photo: ZBC) The Zimbabwe Electoral Commission (ZEC) says vote counting and verification is at various stages and people should expect the announcement of results from around 3.pm. Briefing the media in Harare this mid morning, ZEC Chairperson, Justice Priscilla Chigumba said the results will be announced as they come in, adding that they are confident that all the results will be announced earlier than the stipulated 5 days. She urged Zimbabweans to disregard unofficial results not announced by Read the full story
Vote counting under way in historic Zimbabwe elections
Aljazeera
Harare, Zimbabwe - Vote counting has started in Zimbabwe's first general election since long-term President Robert Mugabe was pushed out of office last year. Voter turnout in Monday's polls was high, according to the election commission, which is expected to release a figure later in the day. More than five million people registered to take part in the closely-contested elections. The electoral body said 90 percent of the polling stations had opened on time by 8am local time (05:00 GMT). { Read the full story
With an election too close to call and a sense of fairness in the air, Zimbabwe votes on a successor to Robert Mugabe
Los Angeles Times
Millions of Zimbabweans waited in line for hours on Monday to vote in a historic election that, for the first time since the nation’s independence Read the full story
China provides more than half of the financing for Mozambique’s road network
FurtherAfrica
Loans granted by China have become increasingly important in the maintenance and construction of roads in Mozambique and are expected to account for 53% of external financing in the road sector in 2018, the local press reported. Read the full story
U.S. Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout for Pakistan's new government should not provide funds to pay off Chinese lenders. Read the full story
Government will deepen ‘structural supply side reforms’ in second half of year, ‘firmly’ continue deleveraging Read the full story
Euro-Area Economy Gets Higher Inflation But Weaker Growth
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App In France, growth fell short of predictions. A bumper day of euro-area economic releases showed the region’s vital signs remain good, if not great. The region’s economic expansion entered a sixth year but growth slowed to just 0.3 percent, the weakest in two years. Inflation accelerated further above the European Central Bank’s goal, though that was largely driven by stronger energy prices. Unemployment remained at the lowest since 2008. Read the full story
The City of London. The EU's stance on the City of London appears to be softening. The UK government warned EU Brexit negotiators that an overly punitive approach to the City of London will also hurt the rest of Europe. UK officials told Brussels that "thousands" of European investment funds will be under threat if the EU insists on a hardline approach to the City. Fund run by UK firms are currently sold to clients in EU countries and EU firms sell their funds to UK customers under financial Read the full story
Will you be able to use the European Health Insurance Card when the UK leaves the EU? Read the full story
The Governor of the Bank of England, Mark Carney, speaks to the Scottish Economics Forum, via a live feed, in central London, Britain March 2, 2018. Bank of England Governor Mark Carney defended the central bank's pre-Brexit forecasts in an interview with Bloomberg. He said the Bank's pre-vote forecast that the pound would drop sharply was the "easiest call one could make." The Bank of England is actively planning for a no deal Brexit, an outcome it describes as "disorderly." Carney said that he Read the full story
Russia's ambassador to Israel said Iran was "playing a very, very important role in our common and joint effort to eliminate terrorists in Syria." Read the full story
GLOBAL/NEWS/INFO
What poor people think they need to make them feel wealthy
New York PostI told you recently that a survey by brokerage firm Charles Schwab revealed that New Yorkers think $3 million is the amount of money they need to be rich around here. OK, so you’re not rich. But here’s what poor people think they need to “make them feel wealthy in their day-to-day lives.” Fifty percent think having time to themselves makes them feel wealthy; the same number said spending time with family made them feel rich; and 42 percent said eating out or having meals delivered did the trick. Read the full story
At Rich Kid Summer Camp, Big Banks Try to Hook Heirs for a Lifetime
BloombergAttendees at Next Gen functions hosted by the likes of UBS, Citi Private Bank, and Credit Suisse will one day rank among the world’s most sought-after clients. Fifty-two heirs to lavish fortunes luxuriate in sleek splendor at the Four Seasons. They sip designer lattes and speak the language of wealth. The talk is of money, noblesse oblige, technology, Formula One. At lunchtime, out comes chilled rosé, with a tasting led by Jon Bon Jovi’s son Jesse. Welcome to Camp Rich. Here, not far from Wall Read the full story
Air marshals have conducted secret in-flight monitoring of U.S. passengers for years
The Washington PostUnder sensitive program, authorities report on fliers’ behavior, including whether they perspired heavily or used the restroom repeatedly, as TSA seeks to prevent attacks. Read the full story
You Can Get FREE Guacamole at Chipotle Today for National Avocado Day. Here's How
MoneyUse this offer code to score the free guac. Read the full story
OIL/COMMODITIES/ENERGY
Gold on verge of longest losing skid in about 5 weeks
MarketWatch
Gold futures retreat Tuesday, putting the precious commodity on track to book its longest string of losses since late June, underscoring a bearish tilt for gold prices in recent trade. Read the full story
Gold Flat as Investors Wait for Fed Meeting This Week
Investing.com© Reuters. Gold was flat on Monday. Read the full story
Gold—even at its lowest levels in 2018—is behaving just as prescribed
MarketWatchGold’s sharp decline over the past month serves as little surprise to the investors who want the asset to perform in just this fashion—that is, as an alternative to assets perceived as risky like stocks. Read the full story
Metal Prices Mixed Despite Dollar Weakness
Investing.com© Reuters. Metal prices mixed despite dollar weakness Read the full story
Oil jumps as war of words between US and Iran leaves traders on edge
Business InsiderMichael Gruber/Getty Images; Olivier Douliery-Pool/Getty Images; Samantha Lee/Business Insider Oil spiked more than 1.5% on Monday. OPEC production hit its highest level of the year, but US-Iran relations are keeping traders on edge. Watch oil trade in real time here. Oil prices jumped Monday as markets weighed OPEC production hitting its highest level this year against a war of words between the US and Iran. West Texas Intermediate rose 1.45% around 12:45 p.m. ET, climbing just above $70 a Read the full story
Oil to hold steady into 2019 as OPEC, U.S. compensate for supply hitches
ReutersOil prices are likely to hold fairly steady this year and next as increased output from OPEC and the U.S. meets growing demand led by Asia and helps to offset supply disruptions from Iran and elsewhere, a Reuters poll showed on Tuesday. Read the full story
BANKS/BANKING/CREDIT
Credit card companies offer points for, well, doing nothing
USA TODAY
Put down the scissors. Banks increasingly are rewarding customers who hold onto their credit cards. For example, Southwest Rapid Rewards Priority Credit Card offers 7,500 points for every additional one year anniversary you share with the card. Read the full story
What You Should Know Before Adding an Authorized User on Your Credit Card
The Motley Fool
If you're not careful, helping others could hurt you. Read the full story
Square earnings: Cash may Boost your wallet more than the company — for now
MarketWatchSquare Inc. got its start by enabling small businesses to accept credit-card payments, but its future could be more focused on Cash. Read the full story
The new way to rack up credit card rewards — do nothing
CNBCThere's good news for lazy card holders. Banks increasingly are rewarding users who simply keep using their cards. Read the full story
Dimon says the president's tax cut and other efforts have 'accelerated growth'
CNBCJ.P. Morgan Chase CEO Jamie Dimon said President Donald Trump's tax cuts, along with some of his other efforts, have helped out the U.S. economy. Read the full story
CEO confirms Credit Suisse seeking Saudi banking license
Reuters
Credit Suisse Chief Executive Tidjane Thiam personally traveled to Saudi Arabia to apply for a banking license, he said on Tuesday, confirming Reuters information the Swiss bank is seeking a full banking license in the Middle East's biggest economy. Read the full story
Kroger announced Monday that a California subsidiary will no longer accept Visa credit cards as of mid-August as the two companies clash over payment fees and rates. Read the full story
There are signs of problems emerging in the U.S. credit market that could also hurt stocks and the global economy, a strategist told CNBC on Tuesday. Read the full story
Credit Suisse Chief Executive Tidjane Thiam personally traveled to Saudi Arabia to apply for a banking license, he said on Tuesday, confirming Reuters information the Swiss bank is seeking a full banking license in the Middle East's biggest economy. Read the full story
Kroger's California subsidiary to bar Visa credit cards amid fee dispute
CNBCKroger announced Monday that a California subsidiary will no longer accept Visa credit cards as of mid-August as the two companies clash over payment fees and rates. Read the full story
Problems loom for US credit markets and the global economy, strategist says
CNBCThere are signs of problems emerging in the U.S. credit market that could also hurt stocks and the global economy, a strategist told CNBC on Tuesday. Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things To Know In The Market On Tuesday
Investing.com
© Reuters. Apple earnings in focus Read the full story
As global liquidity tightens, corporate bonds in emerging markets look vulnerable. But while a market correction is likely, this growth is not as ominous as it might seem, write Susan Lund and Eckart Windhagen in the Financial Times. Is growing corporate debt a bubble waiting to burst? Globally, debt of non-financial corporations has grown by $29tn in the ten years since the financial crisis, nearly as much as the growth in government debt. But while a market correction is likely, this growth is Read the full story
Markets have never seen the unwinding of the unprecedented efforts that central banks around the world undertook to shore up the financial system after the 2008 financial crisis. Read the full story
The U.S. stock market has been partying all throughout July, and a hangover is coming, say analysts at Morgan Stanley. Read the full story
Investing.com
© Reuters. Apple earnings in focus Read the full story
Are corporate bonds a bubble ready to burst?
McKinsey InsightsAs global liquidity tightens, corporate bonds in emerging markets look vulnerable. But while a market correction is likely, this growth is not as ominous as it might seem, write Susan Lund and Eckart Windhagen in the Financial Times. Is growing corporate debt a bubble waiting to burst? Globally, debt of non-financial corporations has grown by $29tn in the ten years since the financial crisis, nearly as much as the growth in government debt. But while a market correction is likely, this growth is Read the full story
The market is dealing with something it’s never seen before and that has Jamie Dimon worried
CNBCMarkets have never seen the unwinding of the unprecedented efforts that central banks around the world undertook to shore up the financial system after the 2008 financial crisis. Read the full story
Prepare for the biggest stock-market selloff in months, Morgan Stanley warns
MarketWatchThe U.S. stock market has been partying all throughout July, and a hangover is coming, say analysts at Morgan Stanley. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin's Price Moves Below $8K as Bull Case Weakens
CoinDesk
CoinDesk
Bitcoin's price faces the risk of a deeper drop as an extended period of low volatility action has ended up making way for a downside move. Read the full story
Bitcoin's Second-Ever Developer Is Back (With a Big Vision for Crypto)
CoinDesk
The first developer to code alongside Satoshi couldn't stay away from crypto for long. He's now helping to launch a new token. Read the full story
Gallup Poll: 75% of US Investors Think Bitcoin Is 'Very Risky'
CoinDesk
Three-quarters of U.S. investors think bitcoin is too risky to invest in, a new poll by Gallup and Wells Fargo showed Monday. Read the full story
These may be the 3 biggest hurdles to a bitcoin ETF
MarketWatch
On the heels of the Securities and Exchange Commission’s decision to deny the Winklevoss twins their application for a digital asset-related exchange-traded-fund, bitcoin pundits are wondering what’s thwarting the introduction of the popular investment vehicle. Read the full story
Bitcoin slips below $8,000 as investors pare risks
Business Insider
FILE PHOTO: A sticker that reads "Bitcoin accepted here" is displayed at the entrance of the Stadthaus town hall in Zug Thomson Reuters NEW YORK (Reuters) - Bitcoin fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices and other risky assets, weighed down by further losses in technology and internet companies. At 3:09 p.m. (1909 GMT), the world's biggest and best known virtual currency was down 2.64 percent at $7,999.89 on Luxemborg-based Bitstamp exchange. ( Read the full story
CURRENCIES
Forex - Dollar Shrugs off Upbeat U.S. Housing Data as Stronger Euro Weighs
Investing.com
Dollar shrugs off upbeat U.S. housing data as stronger euro weighs Read the full story
Market participants expect the Bank of England to raise interest rates at Thursday’s meeting. But risks surrounding Brexit remain. Read the full story
Dollar shrugs off upbeat U.S. housing data as stronger euro weighs Read the full story
Investing.com
Dollar shrugs off upbeat U.S. housing data as stronger euro weighs Read the full story
Rate hike expectations lift British pound, but Brexit dangers remain
MarketWatchMarket participants expect the Bank of England to raise interest rates at Thursday’s meeting. But risks surrounding Brexit remain. Read the full story
Forex - Dollar Shrugs off Upbeat U.S. Housing Data as Stronger Euro Weighs
Investing.comDollar shrugs off upbeat U.S. housing data as stronger euro weighs Read the full story
Forex - Euro Rises Before Euro Zone Data, Yen Lower after BOJ
Investing.com© Reuters. Euro rises before euro zone data, yen lower after BOJ Read the full story
Forex - Euro, Pound Rise as Dollar Weakens
Investing.com© Reuters. The U.S. dollar fell on Monday. Read the full story
INSURANCE / HEALTH / SCIENCE
What Is Acetyl-l-Carnitine? Depression Linked to Low Levels of Brain Molecule
Newsweek
The discovery could help researchers create a blood test to diagnose depression. Read the full story
'Researchers Finds Potent Antibodies Against Three Ebola Viruses
ScicastsNashville, TN (Scicasts) — Researchers at Vanderbilt University Medical Center and their colleagues are a step closer to developing a broadly effective antibody treatment against the three major Ebola viruses that cause lethal disease in humans. Reporting July 17 in the journal Immunity, they describe the isolation of two potent monoclonal antibodies from human survivors of Ebola virus disease that, in cell culture studies, efficiently neutralized the Zaire, Sudan and Bundibugyo ebolaviruses. Read the full story
Pharmacies expected to run out of EpiPens in 'days or weeks'
CBC NewsEpiPen injectors, relied on by people with life-threatening anaphylactic allergies, are in such short supply Canadian pharmacies are likely to run out of adult doses before new supplies arrive at the end of August. Read the full story
Harnessing hair loss gene could improve cancer immunotherapy
SCIENMAGNEW YORK, NY (July 30, 2018)--A gene that's associated with an autoimmune form of hair loss could be exploited to improve cancer immunotherapy, suggests a new mouse study by Columbia University Irving Medical Center (CUIMC) researchers. The p.. Read the full story
The top anti-aging foods to add to your diet now
ABC News
What to skip and what to eat to make your hair, skin and nails strong. Read the full story
The findings support a growing consensus that pharmaceutical companies’ sales tactics affect what drugs doctors use to treat patients. Read the full story
It's been a slow come up, but the health benefits of cannabis are finally starting to get recognized in a real way. In particular, the compound cannabidiol, aka CBD, is being studied more and more for the management of certain health conditions, and… Read the full story
ABC News
What to skip and what to eat to make your hair, skin and nails strong. Read the full story
Doctor payments increased drug prescribing by 73%, new study finds
MarketWatchThe findings support a growing consensus that pharmaceutical companies’ sales tactics affect what drugs doctors use to treat patients. Read the full story
5 Things CBD Can Do For Your Health & 4 Things It Can’t
BustleIt's been a slow come up, but the health benefits of cannabis are finally starting to get recognized in a real way. In particular, the compound cannabidiol, aka CBD, is being studied more and more for the management of certain health conditions, and… Read the full story
USA/CANADA
Headwinds Hitting Hot Housing Market
Investing.com
Stock Markets Jul 31, 2018 10:29 GMT Inveting.com - New home sales fell sharply in June, hitting an eight-month low. And sales of existing homes fell in June for the third straight month. Experts say a number of forces are slowing sales. Homebuilders are struggling with the rising cost of building materials and shortages of land and workers, which is limiting new construction. At the same time, the supply of existing homes for sale is historically low. Together, that’s caused home values to Read the full story
America's housing market is raising a 'large red flag' for the economy
Business InsiderHousing investment and sales have been falling for months. Friday's gross domestic product (GDP) report showed that residential investment, which includes construction and brokers' fees, fell for a third quarter out of four. It was another confirmation that the US housing market is in a slowdown. Sales of luxury and affordable housing have been declining for months. There's plenty of demand for buying houses, but it's getting harder to do so successfully in America. The US housing market is Read the full story
Why the surging economy could soon stumble
New York PostOne thing missed in the report on second-quarter gross domestic product is that the first period’s numbers were revised slightly upward. Instead of just 2 percent annualized growth, the Bureau of Economic Analysis said, the economy in the first quarter really expanded by 2.2 percent. Not much of a change, but it means that growth was better than just the 4.1 percent second-quarter expansion. But there are problems ahead. For one thing, government securities are collapsing and causing interest Read the full story
U.S. Expats Face Hammering From New Tax Rules
BloombergNon-stop business knowledge Get more on The Bloomberg App The four-employee business of Travis Baldwin, who hasn’t lived in the U.S. for nearly a decade, is about to get hammered by a pair of tax provisions that were aimed at corporate behemoths like Microsoft Corp. A Republican law signed by President Donald Trump in December created new taxes for corporations that have shifted their profits offshore for years. But unlike other provisions in the bill, these international changes don’t set a Read the full story
Trump Administration Mulls a Unilateral Tax Cut for the Rich
The New York TimesA proposal under consideration at the Treasury Department would bypass Congress and use federal regulation to index capital gains for inflation, a $100 billion boost for high earners. Read the full story
Trump says he’s willing to meet Iranian President Rouhani without preconditions
The Washington Post“If they want to meet, I’ll meet,” Trump said Monday, a week after he stoked tensions with Iran will an all-caps tweet. Read the full story
Trump: No problem doing a shutdown
CNN PoliticsDuring a joint news conference with Italian Prime Minister Giuseppe Conte, President Donald Trump said he would have "no problem doing a shutdown" if he does not receive border security funding. Read the full story
EMERGING MARKETS
Once oil wealthy, Venezuela's largest state struggles to keep the lights on
Reuters
Across Maracaibo, the capital of Venezuela's largest state, residents unplug refrigerators to guard against power surges. Many only buy food they will consume the same day. Others regularly sleep outside. Read the full story
How Venezuela's economy collapsed after decades of oil wealth
AxiosGrafitti in Caracas reads, "Is there bread?" Photo: Juan Barreto/AFP/Getty Images Inflation in Venezuela will reach a stratospheric 1,000,000% by year’s end and the economy will shrink by 18% this year, the IMF projected last week. That rivals economic calamities like Germany’s in 1923 or Zimbabwe’s in the late 2000s, according to the IMF’s Alejandro Werner. The backstory: Formerly one of the richest countries in the Americas, sitting on perhaps the world’s largest oil reserves, Venezuela hasn’t Read the full story
Puerto Rico reaches deal with some power company bondholders
ABC NewsPuerto Rico's government has reached a deal with a bondholder group to restructure more than a third of the debt owed by its troubled power company as the utility moves toward privatization Read the full story
MIDDLE EAST
The US may retaliate against Palestinians leading a major UN group, expert warns
CNBC
The biggest bloc of developing countries at the United Nations, the G-77 has chosen the observer state of Palestine as its next leader — but what appears to be a Palestinian victory might come at a high cost. Read the full story
Iran's Rouhani says it's up to Europe to save nuclear deal
ReutersIranian President Hassan Rouhani said on Tuesday the U.S. withdrawal from a nuclear deal was "illegal" and it was up to Europe to preserve the landmark accord with Tehran. Read the full story
Here’s how the Saudis could help Trump keep a lid on U.S. gasoline prices
MarketWatchSaudi Arabia could target an increase in exports for the U.S. Gulf, says RBC Capital Markets. Read the full story
In Iran, economic worries grow as new US sanctions loom
ABC NewsIran's currency has dropped to a record low ahead of the imposition of renewed American sanctions, with many fearing prolonged economic suffering or possible civil unrest Read the full story
Why is Saudi halting oil shipments through the Red Sea?
ReutersSaudi Arabia announced last week it was suspending oil shipments through the Red Sea's Bab al-Mandeb strait after Yemen’s Iran-aligned Houthis attacked two ships in the waterway. Read the full story
AFRICA
Africa tax officials seek to boost revenue collection
FurtherAfrica
African finance ministers and tax officials from 38 countries will meet on Monday to discuss how to harmonise tax policies and improve on domestic revenue collection. Read the full story
South Africa Overturns Diplomatic Immunity For Grace Mugabe
NPR
A South African court has overturned a government decision to grant immunity to the former first lady of Zimbabwe over her alleged assault of a South African model with an extension cord. Read the full story
South Africa: It Would Be 'Unwise' for Grace Mugabe to Visit SA Again, Say Legal Experts
AllAfrica
It would be "unwise" for former Zimbabwean first lady Grace Mugabe to enter South Africa again. This is the view of Nicole Fritz, executive director of Freedom Under Law. Fritz told News24 on Monday that the South Gauteng High Court's ruling to set aside the Department of International Relations decision to grant Mugabe diplomatic immunity in August last year, set a precedent that people who have status and influence can't visit South Africa "with impunity". "It is a huge victory for us," Fritz Read the full story
Zimbabwe begins counting votes after first post-Mugabe election
(Reuters) - Counting began in Zimbabwe on Monday in the first election since the removal of former president Robert Mugabe, a watershed vote that could welcome a pariah state back into the international fold and spark an economic recovery.
The election is a two-horse race between 75-year-old President Emmerson Mnangagwa, a long-time Mugabe ally, and 40-year-old Nelson Chamisa, a lawyer and pastor who is vying to become Zimbabwe's youngest head of state.
https://www.reuters.com/
Zimbabwe: Expect Results From 3pm - Elections Body
AllAfrica
(Photo: ZBC) The Zimbabwe Electoral Commission (ZEC) says vote counting and verification is at various stages and people should expect the announcement of results from around 3.pm. Briefing the media in Harare this mid morning, ZEC Chairperson, Justice Priscilla Chigumba said the results will be announced as they come in, adding that they are confident that all the results will be announced earlier than the stipulated 5 days. She urged Zimbabweans to disregard unofficial results not announced by Read the full story
Vote counting under way in historic Zimbabwe elections
Aljazeera
Harare, Zimbabwe - Vote counting has started in Zimbabwe's first general election since long-term President Robert Mugabe was pushed out of office last year. Voter turnout in Monday's polls was high, according to the election commission, which is expected to release a figure later in the day. More than five million people registered to take part in the closely-contested elections. The electoral body said 90 percent of the polling stations had opened on time by 8am local time (05:00 GMT). { Read the full story
With an election too close to call and a sense of fairness in the air, Zimbabwe votes on a successor to Robert Mugabe
Los Angeles Times
Millions of Zimbabweans waited in line for hours on Monday to vote in a historic election that, for the first time since the nation’s independence Read the full story
China provides more than half of the financing for Mozambique’s road network
FurtherAfrica
Loans granted by China have become increasingly important in the maintenance and construction of roads in Mozambique and are expected to account for 53% of external financing in the road sector in 2018, the local press reported. Read the full story
ASIA
US competes with China’s Belt and Road Initiative with new Asian investment programme
South China Morning Post
The scheme was revealed by US Secretary of State Mike Pompeo at the Indo-Pacific Business Forum in Washington on Monday Read the full story
South China Morning Post
The scheme was revealed by US Secretary of State Mike Pompeo at the Indo-Pacific Business Forum in Washington on Monday Read the full story
U.S.' Pompeo warns against IMF bailout for Pakistan that aids China
ReutersU.S. Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout for Pakistan's new government should not provide funds to pay off Chinese lenders. Read the full story
China still focused on reducing debt, creating jobs despite trade row with United States
South China Morning PostGovernment will deepen ‘structural supply side reforms’ in second half of year, ‘firmly’ continue deleveraging Read the full story
EUROPE
Euro-Area Economy Gets Higher Inflation But Weaker Growth
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App In France, growth fell short of predictions. A bumper day of euro-area economic releases showed the region’s vital signs remain good, if not great. The region’s economic expansion entered a sixth year but growth slowed to just 0.3 percent, the weakest in two years. Inflation accelerated further above the European Central Bank’s goal, though that was largely driven by stronger energy prices. Unemployment remained at the lowest since 2008. Read the full story
The City of London issued a stark warning about the future of European finance after Brexit — and the EU is listening
Business InsiderThe City of London. The EU's stance on the City of London appears to be softening. The UK government warned EU Brexit negotiators that an overly punitive approach to the City of London will also hurt the rest of Europe. UK officials told Brussels that "thousands" of European investment funds will be under threat if the EU insists on a hardline approach to the City. Fund run by UK firms are currently sold to clients in EU countries and EU firms sell their funds to UK customers under financial Read the full story
Reality Check: Will the EHIC be valid after Brexit?
BBC News USWill you be able to use the European Health Insurance Card when the UK leaves the EU? Read the full story
'The easiest call in 25 years': Mark Carney says the Bank of England got everything about Brexit right — and warns that no deal will be bad
Business InsiderThe Governor of the Bank of England, Mark Carney, speaks to the Scottish Economics Forum, via a live feed, in central London, Britain March 2, 2018. Bank of England Governor Mark Carney defended the central bank's pre-Brexit forecasts in an interview with Bloomberg. He said the Bank's pre-vote forecast that the pound would drop sharply was the "easiest call one could make." The Bank of England is actively planning for a no deal Brexit, an outcome it describes as "disorderly." Carney said that he Read the full story
Russia Says It 'Cannot' Kick Iran Out of Syria Like Israel and U.S. Want
NewsweekRussia's ambassador to Israel said Iran was "playing a very, very important role in our common and joint effort to eliminate terrorists in Syria." Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
The CBI for Wedneesday 8/1/18 did update on the indicative rates Sell Rate 1190
The currency auction is 189,760,710
There are 2 news and announcements for Wednesday 8/1/18
1. Special Report on Global Financial Markets
Special Report on the World Financial Markets (2018) First Quarter.
August 01, 2018
Special Report on the World Financial Markets (2018) First Quarter.
August 01, 2018
Special Report on Global Financial Markets
(2018) first quarter
(2018) first quarter
2. Governor of the Central Bank of Iraq is conducting a tour of private banks
The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, accompanied by a number of general managers.
August 01, 2018
The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, accompanied by a number of general managers.
August 01, 2018
The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, accompanied by a number of general managers in this bank a field visit to private banks for two days and comes this visit within the series of visits by the Governor to find out the obstacles facing the work of banks and work to remove them in addition to the work of the sector Banking and banking and its application to banking laws
The CBI for Wednesday 8/1/18 did update on the indicative rates Sell Rate 1190
Value Traded
1,493,805,505
Shares Traded
1,373,150,561
ISX ended in Red
Kauaihn Chatter:
7-31-2018 Intel Guru Frank26 [ I notice there was an article that mention Mousal opening up a Central Bank. Could that have any impact on what we all seek? ...and the change of rate?] YES IT DOES.
7-31-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ, THANKS TO ITS NATURAL RESOURCES, IS ONE OF THE WORLD'S RICHEST COUNTRIES IN THE WORLD" ...with a currency that is now artificially stiffened at 1/8 of a penny.
7-31-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ, THANKS TO ITS NATURAL RESOURCES, IS ONE OF THE WORLD'S RICHEST COUNTRIES IN THE WORLD" ...with a currency that is now artificially stiffened at 1/8 of a penny.
7-31-2018 Intel Guru Frank26 All Banks Calculated... basket is 5-8 currencies... they are ready all asset backed... Military sanctions only left... Trump gave Iraq $850 million for military purposes...got promises to go along with a document on Trump's desk to deal with 2 very powerful reports...Wow! Number of Notes Crucial Now! That is the Heartbeat right now of the IQD...too little will equal failure with the citizens...too many will cause inflation... Everything we have been told we would see, is unfolding right before our very eyes...[IMO] [post 2 of 2]
7-31-2018 Intel Guru Frank26 [via Clare] IMF lifted barriers, all sanctions, ART 8...Lifted! CBI must move fast for many reasons: THE PEOPLE, jobs, demonstrations...the people need it! ...They need the increased purchasing power, a sense of pride in using their currency! Iraqi Private Bank Ass. last week told all private banks in Iraq to open the branches in all the Gulf States & in Iraq...International! The absence of small monetary categories is detrimental to the stability of the local economy...Again it's about the people!! They are expecting it and have been educated for years, by massive information, especially in 2018 for what is about to take place! Lower Denom's will be replaced by Small Notes! Has to be! 1. RI for Citizens 2. RV for Global Markets! Citizens know IQD is 1-1...waiting to be announced...They have a date...forget about that! Watch it unfold... [post 1 of 2....stay tuned]
7-31-2018 Newshound Guru chattels "Dollar exchange rates in Iraq on Monday 30/07/2018 Economy News _ Baghdad...The exchange rate of the dollar, Monday, stabilized against the dinar in the local currency market. ...the price of selling the dollar in Baghdad today 119 thousand and 500 and the purchase price 120 thousand and 500 dinars to 100 dollars." Is it accurate to observe that the disparity between the several bourses in Iraq is much diminished? Perhaps uniformity in the rates within Iraq is important to our event ?
7-31-2018 Newshound/Intel Guru Mnt Goat Article: "RESULTS OF COUNTING AND SORTING BY HAND MAY ANNOUNCE THE BEGINNING OF NEXT AUGUST" In this article they outline the next steps to form the govt. They are telling us the cabinet of ministers under the PM will not be formed until Sept but Parliament will be in sworn in and the new PM announced next week sometime. I would not expect the CBI to go forward with the reinstatement of the dinar until this done next week.
7-31-2018 Intel Guru Frank26 [via Clare] IMF lifted barriers, all sanctions, ART 8...Lifted! CBI must move fast for many reasons: THE PEOPLE, jobs, demonstrations...the people need it! ...They need the increased purchasing power, a sense of pride in using their currency! Iraqi Private Bank Ass. last week told all private banks in Iraq to open the branches in all the Gulf States & in Iraq...International! The absence of small monetary categories is detrimental to the stability of the local economy...Again it's about the people!! They are expecting it and have been educated for years, by massive information, especially in 2018 for what is about to take place! Lower Denom's will be replaced by Small Notes! Has to be! 1. RI for Citizens 2. RV for Global Markets! Citizens know IQD is 1-1...waiting to be announced...They have a date...forget about that! Watch it unfold... [post 1 of 2....stay tuned]
7-31-2018 Newshound Guru chattels "Dollar exchange rates in Iraq on Monday 30/07/2018 Economy News _ Baghdad...The exchange rate of the dollar, Monday, stabilized against the dinar in the local currency market. ...the price of selling the dollar in Baghdad today 119 thousand and 500 and the purchase price 120 thousand and 500 dinars to 100 dollars." Is it accurate to observe that the disparity between the several bourses in Iraq is much diminished? Perhaps uniformity in the rates within Iraq is important to our event ?
7-31-2018 Newshound/Intel Guru Mnt Goat Article: "RESULTS OF COUNTING AND SORTING BY HAND MAY ANNOUNCE THE BEGINNING OF NEXT AUGUST" In this article they outline the next steps to form the govt. They are telling us the cabinet of ministers under the PM will not be formed until Sept but Parliament will be in sworn in and the new PM announced next week sometime. I would not expect the CBI to go forward with the reinstatement of the dinar until this done next week.
7-31-2018 Newshound Guru Don961 Article quotes: "Fitch Ratings International said on Monday it kept its rating of Iraq unchanged at B with a stable outlook." "Fitch said in a statement that it had confirmed its long-term risk rating for foreign currency debt default at " B ", which means high risk." Iraq remains in the international credit rating "b". The risk of repayment of foreign currency debt is high.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not on English side)
The Council of Ministers holds its regular session under the chairmanship of the Prime Minister Dr. Haider Abadi
The Council of Ministers held its regular session on Tuesday 31 July 2018 under the chairmanship of the Prime Minister Dr. Haider Abadi.
Where the Council of Ministers continued to discuss the demands of citizens and decisions taken for each province and start implementing these decisions and guidance with continuous and urgent follow-up.
The Council voted to fund projects in the provinces of Basra, Dhi Qar, Muthanna and Najaf. The meeting witnessed the vote on the minutes of the meeting to discuss obstacles to the implementation of the Nebras project - the petrochemical complex in the province of Basra, which will save thousands of jobs.
The Council of Ministers also voted to secure a sum of money to the Ministry of Construction, Housing, Municipalities and Public Works for the purpose of conducting maintenance of sewage stations in the provinces.
In order to support the agricultural sector in the country and to facilitate the movement of the transport of fertilizers, it was voted on to allow the transport of trucks loaded with local and imported fertilizers to the account of the General Company for Agricultural Supplies (Urea, Dab, Al-Musab) without prior security approvals and taking the procedures duly followed according to the regulations and instructions of the security authorities With regard to the inspection procedures, and allow passage of the wheels loaded with local and imported fertilizers mentioned above, which are equipped farmers and farmers from the stores of the General Company for Agricultural Supplies in all governorates of Iraq to their farms and fields Don Take security approvals while taking the procedures followed by the fundamentalist.
A general consulate for the Lebanese Republic was elected in Najaf province. The Council of Ministers voted to change the association of the Special Needs Department to become part of the Disability Authority and special needs.
A vote was taken on the adoption of the recommendations and the report of the committee, which is composed of the study of the status of joint Arab companies that are contributed by the Iraqi Fund for Foreign Development.
The Council voted to transfer the ownership of the land on which the residential buildings were built in the Basmaya residential project. Support was given to the seeds of wheat and barley crops.
The Council of Ministers also voted to allocate 4 billion dinars to the Ministry of Water Resources to achieve urgent and comprehensive maintenance this year to the border security between Iraq and Iran to isolate the water of the falcon and then 500 million dinars for annual maintenance on the allocations of the General Authority for the operation of irrigation projects and Balzl / The interior and water resources in addition to the environment and the local government of the province of Basra to negotiate immediately with the Iranian side on a joint venture to get rid of the risk of polluting the Shatt al-Arab or the possibility of collapse of the border.
And voted to compensate projects infected with bird flu.
The Council voted to exclude the materials donated to the Holy Tabernacle from the protection of the product.
The Cabinet also voted to allocate land with a large area for an orphanage in Najaf.
Prime Minister 's Media Office
31 July 2018
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not on English side)
Prime Minister Dr. Haider Al-Abadi receives Mr. Syed Hakim Al-Amidi, who carried out volunteer work in Babil province
Prime Minister Dr. Haider Al-Abadi received on Tuesday the citizen Sayed Hakim Al-Amidi, who carried out volunteer work in the province of Babylon
Through voluntary assistance in the excavation of some of the streets of the province.
Dr. Abadi stressed that the interest in the affairs of citizens and the service of the country and voluntary work represents a high sense of the level and highly appreciate these efforts.
He launched the initiative of "Citizen Al-Kidwa" for those who do distinguished works that serve the country and were granted to the citizen Mr. Hakim Al-Amidi.
Prime Minister 's Media Office
31 July 2018
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ARTICLE 2
Abadi looms near the end of the results of the manual sorting and the relationship between Baghdad and Erbil "essential" [expanded]
2018/7/31 22:15
[Ayna-Baghdad]
Prime Minister Haider al-Abbadi to the near end of the counting and counting of the results of the election, while the relationship between Baghdad and Erbil "essential and fundamental."
"The vast majority of the demands of the demonstrators are legitimate and true and we are in one side and not two sides and serious in achieving the demands and we do not want to absorb the demonstrations until it ends without any result," Abbadi said at his weekly press conference on Tuesday.
He added that "our commitment to take out the demonstrations is not true and is important because it hears us other useful things and not our goal to stop the demonstrations, but the citizen's right to express his opinion and demands, even if the demonstrators continued their demonstrations throughout the year."
"The duty of the security forces to protect the demonstrations as long as they are peaceful, even if they are against the political system, such as turning it from parliamentary to presidential, or change the constitution or change the administrative system decentralized and give more powers to the provinces and others are demanding the contrary in strengthening the center."
He pointed out that "the most demands of the demonstrators are service and achievement is not difficult and needs to work diligently, such as providing jobs, water, electricity and other services such as building schools and cover streets, sewage, health and others." The demonstrations are a kind of consignment to local and federal governments to provide more services.
He pointed out that "the Committee for the reconstruction and services in the provinces and crisis cells in each ministry concerned to guide the implementation of the demands of the demonstrators as quickly as possible, and today we received the demands of demonstrators in Muthanna province and we are working to implement."
He stressed the "determination of the government accounting heavily in any case gets any decisions related to services and create jobs and facilitate investment will not allow any failure of any official, whatever its position in the state and we have committees to review the work of each one of them and if there is a lull or corruption will take strong measures the frame".
The Prime Minister expressed his "hope of the Electoral Commission to accelerate the completion of the counting and partial manual sorting of the results of the election and the announcement of the results for approval by the Federal Court so that the winning political forces of the House of Representatives and the election of the presidency of the Council and the Presidency of the Republic and the task of the next prime minister to form a new government."
Abadi pointed out to "his meeting yesterday in Baghdad, the head of the Kurdistan Regional Government, Nechirvan Barzani, and discussed the files that strengthen the unity of Iraq and its security and stability and the interests of all Iraqis and do not differentiate between one of him and the emphasis on accelerating the formation of the new government and the development of services.
He pointed out that "the relationship between Baghdad and Erbil is fundamental and fundamental and we want to strengthen it and live in one country." He pointed out that "the previous [Kurdish] demands as a referendum and others have ended and are behind our backs and to move forward, everyone should feel that this country is keen to deepen this feeling among all Iraqis of different nationalities and affiliation. "
He added that he discussed with Barzani, "the imbalance in the system of services and unemployment suffered by Kurdistan as well," stressing that "the region is keen to speed up the formation of the government and found them serious in that and did not touch them demands impossible or demands outside the Iraqi demands and was full match in the views on this matter" .
On corruption files, the prime minister revealed his government's intention to publish names implicated in corruption in the media soon.
"We have a basic campaign against corruption and we will soon publish what we have done in this framework, including those who have become impartial and sentenced," he said. "There are two ways to fight corruption. The first is the government, the commissions of inquiry to identify the corrupt and the other in the Independent Integrity Commission associated with the House of Representatives, Integrity and the Supreme Judicial Council and the government do not interfere in the investigations of these parties, a commitment to the principle of separation of powers.
"We have stressed the measures to combat corruption, but the judiciary needs evidence and evidence, and not only the prosecution and the charges," he said.
He pointed out that "the democratic system and freedom are weak and allow corruption and the law must be strengthened to prevent the corrupt use the atmosphere of freedom and free dissemination to tarnish people's reputation of corruption or buy receivables and we need cooperation between the executive branch and the judiciary and the judiciary in the fight against corruption while respecting the separation of powers and this does not prevent cooperation to protect the citizen "We need to strike strong blows against corruption in any reconstruction campaign."
"We are working to meet all blocs to agree on the draft program of the next phase and the program of the government and the House of Representatives and improve the performance of the judiciary and we work on it and emerge from the largest bloc in charge of the nomination of the Prime Minister and we are two or three weeks before the announcement of the results."
Abadi called on the political blocs to be ready on the first day of the new parliament to elect the president of the council and his deputies and then the election of the president and cost the candidate the largest bloc to form a government in record time to take the reform program and continue to provide security and services.
"Our efforts are continuing to pursue terrorism, which is going to break down and we will eliminate the existing terrorist cells," he said
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ARTICLE 3
Tweet posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 8-1-2018 around 5:00 am Eastern
PM @HaiderAlAbadi: It is the duty of the government to deliver good services to all Iraqis, maintain security and safeguard Iraq’s stability.
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ARTICLE 4
The 7-year prison term for the director and a gas station employee was misled by 3 million liters
2018/8/1 11:58 • 11 times read
[Ayna-Baghdad]
The Criminal Court of Babel sentenced a seven-year prison term for a director of a government filling station with an employee after embezzling 3 million liters of gas oil.
"The first body of the Criminal Court of Babel sentenced a seven-year prison sentence against the director of Babal Gate station - the port of the government's nuisance with its fuel-processing officer," the spokesman of the Supreme Judicial Council, Judge Abdul Sattar Birqdar, .
Berkdar added that "the verdict came about the crime of embezzling about three million liters of gas oil," pointing out that "the court also ruled that the obligation to return the value of the amount of fuel misappropriated, amounting to one billion and three hundred million dinars for the period between the beginning of 2017 until October of the year Himself".
He pointed out that "the judgment comes in accordance with the provisions of Article 315 / Part II of the Iraqi Penal Code."
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ARTICLE 5
Former Deputy: Results of counting and hands proved the validity of electronic devices
Iraqi elections Iraqi elections
2018/7/31 10:36
The former MP of the National Alliance Habib terminal, that the past Iraqi elections are the first carried out by the interference of electronic devices, and the global elections were conducted by this device, and the results announced by the Commission was correct but there are those who did not believe that he lost the election work to cancel the results.
He added, "The terminal" in a press statement, "The results of counting and hands proved the authenticity of electronic devices, and that the past elections are the most successful in Iraq and we have to apologize from the Electoral Commission because of the defamation, and we have to respect the result."
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ARTICLE 6
Shoes for Zurich police dogs .. What is the reason?
2018/8/1 9:10
[Where - Continue]
The heat wave in Switzerland has prompted Zurich police to devise a means to protect the dogs they use in their security campaigns so their lists do not get hurt when they walk on asphalt.
The solution was to wear custom-made shoes for those animals, which Zurich police officials said were affected by the heat of the asphalt, just as human beings are affected.
In recent days, temperatures have risen to 30 degrees (86 fahrenheit), Swiss public radio quoted police spokesman Michael Walker as saying that the real sense of temperature is between 50 and 55 degrees Celsius (122 and 131 fahrenheit).
The shoes worn by police dogs will not only protect them from the hot floor, but also from glass and sharp objects during parent searches. They also protect the seats and floors of vehicles when dogs enter during searches.
Zurich police have launched a campaign to urge dog owners to protect their lists from high temperatures. Several European countries, some of which are north of the continent, have been hit by a powerful heat wave that has killed dozens of people and ignited major fires.
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