WOTS Monday 10/8/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,164.6000 | 1,164.6000 | 1,164.6000 | | 20:00 |
| USD/VND | | | 22,934.3000 | 22,934.3000 | 22,934.3000 | | 20:00 |
| USD/CNY | | | 6.9224 | 6.8589 | 6.8589 | | 05:56 |
| USD/KWD | | | 0.3033 | 0.3028 | 0.3032 | | 05:55 |
| GBP/USD | | | 1.3132 | 1.3050 | 1.3125 | | 05:56 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 15,309.3000 | 15,139.8000 | 15,173.0000 | | 05:54 |
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DC NY Iraq Articles:dd
Maliki meets Trump envoy and stresses the need to speed up the formation of the government
2018/10/08 13:43 67
Maliki meets Trump envoy and stresses the need to speed up the formation of the government.
Saleh and Halbusi emphasize the need to mobilize efforts to form a strong and efficient government
Release date: 2018/10/8 12:52 • 32 times read
The President of the Republic, Barham Salih, at the Peace Palace in Baghdad on Monday morning, discussed with the Speaker of the House of Representatives, Mohamed Halbousi, the development of the ongoing discussions to form the next government and the importance of adherence to the constitutional times.
The two sides stressed "the need to mobilize efforts to form a strong and efficient government capable of overcoming obstacles and challenges," a presidential statement received by the agency {Euphrates News} a copy.
"The meeting also focused on the President of the Republic and the House of Representatives on ways to strengthen cooperation and coordination between the legislative and executive authorities to legislate and approve the necessary laws in all areas and mechanisms to activate economic agreements with all countries and international bodies."
"The meeting also focused on the President of the Republic and the House of Representatives on ways to strengthen cooperation and coordination between the legislative and executive authorities to legislate and approve the necessary laws in all areas and mechanisms to activate economic agreements with all countries and international bodies."
FY2019 budget to be passed by parliament at end of 2018
08/10/2018 Iraqi Parliament
The Council of Representatives of Iraq will pass the budget bill for fiscal year (FY) 2019 by the end of this year, according to Fatah Coalition MP Amer al-Fayez on Sunday.
He affirmed that the former government has drafted the budget, to be handed to the new one for amendments and submitting it to the parliament.
The budget for FY2019 is ready, waits for the formation of new government to make amendments and submit it to the parliament,” al-Fayez stated on Sunday.
The new government should make amendments according to its vision and reform plan, then submit it to parliament for approval.
The newly-appointed PM Adil Abdul Mahdi is tasked to form a new government within the next 30 days of his appointment, according to the Iraqi constitution.
He affirmed that the former government has drafted the budget, to be handed to the new one for amendments and submitting it to the parliament.
The budget for FY2019 is ready, waits for the formation of new government to make amendments and submit it to the parliament,” al-Fayez stated on Sunday.
The new government should make amendments according to its vision and reform plan, then submit it to parliament for approval.
The newly-appointed PM Adil Abdul Mahdi is tasked to form a new government within the next 30 days of his appointment, according to the Iraqi constitution.
Launching and disbursing the salaries paid to members of Nineveh education
Release date: 2018/10/8 12:29 • 61 times read
(Baghdad: Al-Furat News) The Ministry of Education announced the launch and disbursement of salaries saved to members of the Directorate General of Education Nineveh.
A statement to the ministry received the agency {Euphrates News} a copy of it that "the Directorate will begin distribution today under a schedule to be prepared for this purpose and under the supervision of a committee charged by the Ministry of Education."
An economist calls for the destruction of the new currency and correcting its grave error
Editorial Date: 2018/10/7 22:14 • 717 times read
{Baghdad: Al-Furat News} Economic expert Louay Khatib called for the destruction of the new currency and correcting its grave error.
"The Central Bank of Iraq issued a statement on the new version of the Iraqi currency signed the name of Acting Governor Ali Mohsen Ismail in a dangerous precedent and a violation of all contexts universally recognized and Iraqi, except dictatorships," Khatib said on the site of social access (FIBSOC) today.
"The dollar, for example, is signed by the secretary of the treasury and the treasurer without mentioning the names, as is the case for the sterling pound signed by the treasurer, Chief Cashier, without the name."
Khatib said, "So as an Iraqi citizen, I request that the signature of the Iraqi currency by the Minister of Finance by the title without mentioning the name, and the withdrawal and destruction of this new version and correct this grave error."
He called on all Iraqi people "to participate in this corrective action to be the beginning of the reform process in all aspects of government work and its contexts."
The Central Bank of Iraq issued its second edition of the banknotes of the categories {25000, 10000, 1000, 500, 250} dinars, indicating that the variables on the above categories were as follows, for the categories {25000, 10000, 500, 250} The name of the governor instead of signing it in the old version, in line with what is now practiced in other countries, and the dates Hijri and Gregorian dates were amended to {1440 - 2018 AD}.
Launch of fuel card number 10 for the processing of white oil in Baghdad
"The dollar, for example, is signed by the secretary of the treasury and the treasurer without mentioning the names, as is the case for the sterling pound signed by the treasurer, Chief Cashier, without the name."
Khatib said, "So as an Iraqi citizen, I request that the signature of the Iraqi currency by the Minister of Finance by the title without mentioning the name, and the withdrawal and destruction of this new version and correct this grave error."
He called on all Iraqi people "to participate in this corrective action to be the beginning of the reform process in all aspects of government work and its contexts."
The Central Bank of Iraq issued its second edition of the banknotes of the categories {25000, 10000, 1000, 500, 250} dinars, indicating that the variables on the above categories were as follows, for the categories {25000, 10000, 500, 250} The name of the governor instead of signing it in the old version, in line with what is now practiced in other countries, and the dates Hijri and Gregorian dates were amended to {1440 - 2018 AD}.
Launch of fuel card number 10 for the processing of white oil in Baghdad
Sunday, October 7, 2018 02:10 pm
BAGHDAD / The company announced the distribution of petroleum products, Sunday, the launch of fuel card No. 10 for the processing of citizens white oil product in Baghdad, "noting that" the processing will be 100 liters per card fuel. "
"The distribution outlets started on Sunday the seventh of October, distributing white oil to citizens according to the fuel card No. 10 because of the approaching winter and the growing need of citizens for this material," the company's general manager Kazem Masir said in a statement.
The oil products distribution company is preparing an annual plan to equip the citizens of white oil before the winter season each year to provide sufficient reserves for citizens to ensure the provision of fuel during the season and stop distribution in the summer for lack of need .
Iraq produces fuel optimizers in the field of electric power
Release date: 2018/10/7 15:34 • 57 times read
(Baghdad: Al-Furat News) Minister of Electricity Qassim Mohammed Al-Fahdawi visited Sunday morning the Al-Ahbar factory of the General Company for Mining Industries, one of the formations of the Ministry of Industry and Minerals.
A statement by the Ministry of Electricity received the agency {Euphrates News} a copy of it that "the Minister of Electricity toured the halls of the plant and looked at the new production line established by the Ministry of Electricity production of fuel enhancer [vanadium] which has been successful laboratory as one of the ministry's positive directions in the field of national industrialization.
Al-Fahdawi said during the visit that "the ministry is importing 15 thousand tons annually and in total annual amounts up to 65 million dollars, and the manufacture of this article and international specifications will cost the ministry half of this amount, and will ensure that the processing directly to the stations, and will move the wheel of national manpower, Hard currency and its support for the Iraqi economy. "
Al-Fahdawi said during the visit that "the ministry is importing 15 thousand tons annually and in total annual amounts up to 65 million dollars, and the manufacture of this article and international specifications will cost the ministry half of this amount, and will ensure that the processing directly to the stations, and will move the wheel of national manpower, Hard currency and its support for the Iraqi economy. "
Kauaihn Iraq Articles:dd
Iraqi Prime Minister-designate Adel Abdul-Mehdi discussed with Iraqi parliament speaker Salim al-Jabouri the latest developments in the political arena and the ongoing dialogues of the ministerial formations.
Monday ,08 October 2018 1:00 p
Abd al-Mahdi, in remarks reported by the channel "Alsumaria News" on Sunday, the efforts that Jubouri in bringing the views of different political parties.
For his part, Jabouri stressed the importance of selecting professional figures in the formation of the next government, away from quotas and partisan loyalties and political pressures, stressing the need to take into account the balance and involve all segments of the people.
Zidane meets judges of commercial courts and discusses with them Iraq's accession to the New York Convention
12:21 08/10/2018 Baghdad / Al-Ghad Press:
The head of the Supreme Judicial Council, Judge Faik Zaidan, met Monday with judges of the commercial courts in Baghdad and discussed with them the proceedings of the New York Conference in support of the commercial courts.
"Judge Faik Zidane met with the judges of the commercial courts in Baghdad Mohamed Ali Nadim, Hamam Fakhri and Taghreed Abdelhamid, and discussed with them the proceedings of the New York Conference on the courts," Judge Abdul Sattar Birekdar, spokesman for the Supreme Judicial Council, said in a statement received by al-Ghad Press. And the discussions that took place during the presence of the President of the Supreme Judicial Council Conference during his visit to London. "
He pointed out that "the meeting discussed the accession of Iraq to the New York Convention as well as discuss the draft law on commercial arbitration to be approved by the House of Representatives."
The European Union confirms to Halbusi his support for the reconstruction of Iraq by 400 million euros
Iraq News Now
13:15 08/10/2018
Baghdad / Al-Ghad Press:
The European Union, in a letter to Speaker of the House of Representatives Mohamed Halboussi, confirmed Monday its support for the reconstruction efforts of 400 million euros.
Al-Halaboussi's office said in a statement that "Federica Mugherini, the EU's High Representative for Security and Foreign Policy, confirmed in a written address to Parliament Speaker Mohamed Halboussi that the Union will continue its support for Iraq and will remain a partner. Euro, pledged during the Iraq Reconstruction Conference in Kuwait, and through the European Union's Advisory Unit in the Civil Security Sector "
Deputy Speaker of Parliament meets parliamentary delegation from Ukraine
08-10-2018 01:05 PM
Deputy Speaker of Parliament Hassan al-Kaabi on Monday met with a parliamentary delegation from Ukraine.
The meeting, according to a statement issued by his office, received a copy of it, "activation of intelligence and fellowships, stressing the need to activate the frameworks of cooperation in the face of terrorism, especially in the exchange of security and intelligence information between Iraq and Ukraine.
He added that the subject of fellowships between the two sides and overcoming the obstacles faced by Iraqi students in Ukraine were discussed.
He pointed out the importance of deepening aspects of common interest and developing parliamentary relations with regard to the friendship committee between the two sides. He called for "the development of cooperation in the commercial, economic, military, security and cultural fields.
Saad Hariri stressed the aspiration of Lebanon to increase cooperation with Iraq to achieve the interests of both countries
Monday, 08 October 2018 12:06 PM
Sa'ad Al Hariri
BEIRUT (AFP)
Lebanese Prime Minister Saad Hariri expressed his country's aspiration to increase cooperation with Iraq to achieve the interests of both countries and peoples.
This came during a telephone call made by Hariri on Monday, Iraqi President Barham Saleh, congratulating his election to the presidency of the Republic, wishing him success in the tasks entrusted to him to promote Iraq and its people for the better.
Turkish truckers frustrated with double tariffs on route to Iraq
Iraq, October 8, 2018
IBRAHIM KHALIL, Kurdistan Region – Truck drivers from Turkey are frustrated about being hit with customs taxes twice on the route to Iraq.
Their loads are taxed when they enter the Kurdistan Region and again when they pass into areas under federal Iraqi control.
“We don’t know where this money goes. They don’t give us a receipt. They don’t tell us whether this goes to Iraq or another place,” said driver Ahmed Bashir.
This has led to a 40% drop in trade, according to figures from officials at the Ibrahim Khalil border gate.
Control of borders and customs has been a longstanding dispute between the governments in Erbil and Baghdad.
The issue came up again during talks to ease tensions after the independence referendum and Iraqi forces returning to the disputed areas.
“Iraq and the Kurdistan Region are working on unifying the customs fee and the decision has been made,” director general of customs in the Kurdistan Regional Government. Samal Abdulrahman, told Rudaw in June.
Previous agreements on customs have fallen apart over the issue of who gets the revenue.
Turkey is the Kurdistan Region’s biggest trade partner. Construction is underway for a new border crossing between Kurdistan’s Erbil province and Turkey’s Hakkari.
World Bank to Allocate Nearly $2 Million to Help Iraqi Women
According to a statement by the international bank, $ 1.95 million have been allocated for women in Iraq, including the women rights organizations, saying that the funds have to be utilized to strengthen the power of women based on women's equality and liberality in the community.
The World Bank Regional Director, Saroj Kumar, expressed happiness in a statement to assist the Iraqi women in coordination with the Canadian government.
He noted that the project will also include helping poor women in Iraq.
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THIS DAY IN HISTORY
Three Pillars of the Global Economy Now Look Shaky
Barron's
Barron's
Cars, phones, and real estate are facing challenges in the form of tariffs, hacking and a pause in a recovery, respectively. Read the full story
I spent 7 years working in finance and managed a $1.3 billion portfolio — here are the 5 best pieces of investing advice I can give you
Business Insider
Business Insider
Chelsea Brennan left her finance career when she was managing a $1.3 billion portfolio. Former investment manager Chelsea Brennan was managing a $1.3 billion portfolio when she left her seven-year career in finance. During her time on Wall Street and working at a hedge fund, she learned how to invest wisely. She shared her best investing advice, which includes knowing your goals without assuming you have it all figured out, the importance of index funds, and being prepared for the long road Read the full story
Powerball, Mega Millions jackpots now total $723 million: Here's a spending plan if you win big
CNBC
While a sudden windfall can seem like an unlimited amount of money, protecting your newfound wealth involves managing how much you spend and save. Read the full story
OIL/COMMODITIES/ENERGY
UAE gold prices seen stable Sunday
Mubasher
By: Enas Bahgat Abu Dhabi – Mubasher: The UAE’s gold prices remained stable on Sunday compared to previous prices, pressured by global prices. The gold sovereign reached AED 995,200, while gold per kilo was AED 142,168. The price per gold ounce … Read the full story
Global gold rush! Worried central banks snap up £13 billion hoard
Daily Mail
Daily Mail
They have snapped up almost 275 tons of gold this year alone at a cost of more than £13 billion. Many national banks have been returning to the market for the first time in years. Read the full story
Gold / Silver / Copper Prices - Weekly Outlook: October 8 - 12
Investing.com
Commodities Oct 07, 2018 10:22 GMT Investing.com - A stronger U.S. dollar and rising U.S. government bond yields could represent a significant headwind for gold this week despite Friday’s gains, as the precious metal’s inverse relationship to the greenback continues to offset safe haven demand. With a fairly light week on the economic calendar investors will continue to monitor the effects of rising U.S. government bond yields on markets, when U.S. bond markets reopen on Tuesday after Monday’s Read the full story
BANKS/BANKING/CREDIT
Square to offer lending for customer purchases
San Francisco Chronicle
Square will begin offering loans to customers to pay for goods and services from merchants that use its payment system, another move by the company to push deeper into financial services. Merchants in 22 states will be able to offer the installment payments on purchases of $250 to $10,000. The company’s lending arm, Square Capital, will cover the cost on the buyer’s behalf, the San Francisco company said last week. The lending service, which has been tested for the past year, allows buyers to Read the full story
A Man is Suing The Royal Bank of Canada for Seizing His Subaru Impreza Even Though He Never Did Business With Them
Jalopnik
Jalopnik
Imagine. You’re enjoying your day, minding your own business, and then someone from the bank pops over and tells you that they’re seizing your car because you defaulted on a loan that you never actually took out. Welcome to Tage Kendall’s life.Read the full story
This is the most grueling bank on Wall Street where young bankers say they work 90 hours a week
Business Insider
Investment banking is famous for imposing long hours on its young workers. But one firm has hours that are really tough, even for banking. It's boutique advisory firm LionTree Advisors, whose professionals worked on average 90 hours per week, according to areport by Wall Street Oasis, an online community for financial professionals. Co-founded by former UBS media investment banker Aryeh B. Bourkoff in 2012, LionTree Advisors is well-known for working on high profile transactions that are Read the full story
Kenya: Bankers Fault CBK for 'Dodging' Its Responsibility On Money Laundering
AllAfrica
Commercial banks in the country have now turned up the heat on the Central Bank of Kenya (CBK), accusing the regulator of dodging the responsibility of stopping money laundering. In separate interviews, over two dozen top bankers who spoke to the Nation on condition of anonymity, fearing sanctions from their regulator accused CBK of "shirking its responsibility" of ascertaining the authenticity of all State payments before approving them in its role as the government's "primary banker". Mid last Read the full story
‘Dual control by Centre, RBI a problem in banking industry,’ says Y. V. Reddy
Livemint
Hyderabad: Former Reserve Bank of India Governor YV Reddy Saturday said dual control by the Centre and the RBI is a problem in the banking industry. Reddy, who was speaking at an event at the Indian School of Business (ISB) here, said the RBI says that it does not have enough regulatory powers. The government, however, says that the RBI has enough regulatory powers, he said. Read the full story
Here's how much the top Wall Street banks have earned in dealmaking fees this year
Business Insider
JPMorgan CEO Jamie Dimon. Global M&A activity has reached record levels so far this year, but investment banking fees overall are down slightly. JPMorgan held the top spot for total investment banking fees in the first nine months of the year, with Goldman Sachs taking second place. While M&A volumes are exploding in 2018, Wall Street dealmakers are still seeing a slight decline in overall fees. Global M&A activity totaled $3.3 trillion in the first nine months of the year, which is up 37%, Read the full story
TREASURIES/BONDS/STOCKS
A top economy watcher believes a 'potentially lethal combination' could unleash inflation
One of the world's leading authorities on Asia sees a destructive element baked into the U.S. and China trade war.
Economic Calendar - Top 5 Things to Watch This WeekInvesting.com
© Reuters. Top 5 Things to Watch This Week Read the full story
Stock Market Investors Are Bruised Up but Monday Could Offer a Respite. Here’s Why
Barron's
U.S. stock markets are open for trade on Monday, but bond markets are closed in observance of Columbus Day. Read the full story
Gundlach: Bond Market “Game Changer”
Barron's
“Bond King” says the yield on the 10-year Treasury could climb to 3.5% while that of the 30-year could hit 4%. Read the full story
The #1 Investing Tip For 2019
Forbes Magazine
Stocks, bonds, gold, and silver. Five experts share their #1 investing tip for 2019. Read the full story
Opinion: The Bond Market’s Signal
The Wall Street Journal
The rise in the 10-year Treasury yield means strong growth but more danger for riskier assets. Read the full story
Regulators, markets must embrace new tech for enhanced transparency
The Hill
Regulators and businesses alike need to adapt this singular, uniquely global business identifier. Transparency in our digital future depends on it. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Coinbase's tricky valuation and other crypto news you should know this week
Axios
News about cryptocurrencies and blockchain technology can easily fly under the radar, especially when the country is riveted by a controversial Supreme Court nominee, so here's what you should know from this week's headlines. Read the full story
Finance Heavyweights Jump Into Crypto
Barron's
Barron's
Three big names in finance are making significant investments in cryptocurrencies, underscoring growing mainstream interest in the space. Read the full story
Bitcoin SURGES as cryptocurrency expert predicts currency could ROCKET
Express
BITCOIN is “close to bottoming” and could rocket according to an expert after Friday saw the currency surge, with Yale’s Warren Buffet investing in two venture firms devoted to cryptocurrency. Bitcoin is “close to bottoming” according to Spencer Bogart, a Partner at Blockchain Capital - a venture capital company that invests in blockchain related companies. And this week’s surge in price against the US dollar could fuel its climb. Read the full story
Bitcoin news: How to keep YOUR cryptocurrency safe from hackers and theft
Express
CRYPTOCURRENCY is unique when compared to money because of its inherently ethereal nature – but like anything valuable, bitcoin crypto needs to be protected. In a year where £840million of cryptocurrency has already been stolen,Express.co.uk exclusively reveals how best to keep to keep your crypto safe. Cryptocurrency such as bitcoin is an entirely digital entity requiring an internet connection for any transaction. Read the full story
Cryptocurrency This Week: Bots Manipulating Bitcoin, South Korea Policy Maker Favours ICOs And More
Inc42 Media
CJI Dipak Misra who will be remembered for his historic judgements such as Right To Privacy, Section 377 as well as some controversial judgements such as on Aadhaar Act, has retired now and Justice Ranjan Gogoi has been appointed as the new CJI. However, the case — RBI Vs cryptocurrency exchanges, enthusiasts and others that... Read the full story
CURRENCIES
Forex Oct 07, 2018 09:48 GMT Investing.com - With a fairly light week on the economic calendar investors will continue to monitor the effects of rising U.S. government bond yields on markets, when U.S. bond markets reopen on Tuesday after Monday’s Columbus Day holiday. Concerns over Italy’s rising debts and strains in emerging markets will also remain in focus as markets continue to digest Friday’s mixed U.S. non-farm payrolls report. The Labor Department reported Friday that the rate of job Read the full story
ADIB seen highest for EGP/USD; NBE lowest Sunday
Mubasher
Mubasher
Cairo – Mubasher: The Egyptian Pound saw a mixed performance on Sunday against foreign currencies. Abu Dhabi Islamic Bank Egypt (ADIB) offered the highest US dollar rate at EGP 17.88 for buying and EGP 17.96 for selling. On the other hand, the … Read the full story
INSURANCE / HEALTH / SCIENCE
These young cardiologists are opening tech-infused health clinics all over New York
CNBC
Heartbeat, a medical start-up, is opening up new clinics across Manhattan Read the full story
A fatty, sugary diet can damage your memory, attention and mood in just four days, according to new research
Business Insider
A recent study showed that 23% of all people of slim to average weight are still likely to become overweight or even obese in the course of their lives. Many people of low to average weight are under the false impression that their weight is indicative of their health. According to a study by the American Academy of Neurology, fatty and sugary foods are so harmful, they can damage your memory in four days. Another experiment conducted at the University of Oxford showed you only need to eat aRead the full story
Check your fridge and garage for all these things recalled this week
CNN
From the kitchen to the driveway, there were some significant recalls this past week that you may have missed. Check out some of the things you may need to throw away or get fixed. Read the full story
Typhus outbreak reaches 'epidemic levels' in Los Angeles area
NBC News
A typhus outbreak has been reported in Los Angeles and neighboring Pasadena. Health officials are warning residents to avoid opossums, rats, and feral cats. Read the full story
USA / CANADA
US Commerce's Ross eyes anti-China 'poison pill' for new trade deals
U.S. Commerce Secretary Wilbur Ross signaled on Friday that Washington may flex its muscle with additional trading partners in order to exert pressure on China to open its markets.
The Trump administration just escalated its high-stakes competition with China
The Trump administration's new efforts carry with them considerable risks, which ultimately may be greater than during the Cold War years, writes Fred Kempe of the Atlantic Council.
A top economy watcher believes a 'potentially lethal combination' could unleash inflation
One of the world's leading authorities on Asia sees a destructive element baked into the U.S. and China trade war.
EMERGING MARKETS
A New Multifactor Emerging Market ETF on the Block
Zacks Investment Research
John Hancock Investments issues a new multifactor emerging market ETF. Read the full story
Brazil’s Presidential Election Could Mean Opportunities for Emerging Markets Investors
Barron's
Barron's
The first round of Brazil’s presidential election on Sunday could end with a far-right candidate pitted against a left-wing candidate—and that could spell trouble for investors. Read the full story
A glance at economic proposals of Brazil's top candidates
ABC News
A look at the economic proposals of Brazil's leading presidential candidates Read the full story
MIDDLE EAST
Iraq's Yazidis celebrate Festival of Assembly for the first time in four years
The New Arab
Iraq's Yazidis celebrate Festival of Assembly for the first time in four years Read the full story
Kurdish families caught between Iran and the US | DW | 07.10.2018
DW
"We are very much afraid it will happen again. There is no war going on here, and we did not deserve this. We'd like to go somewhere else, especially as I lost my husband. What kind of life is this?" In her black mourning dress, Iran Rasulzadeh, 45, sits on the floor of her living room in the family camp of the Iranian Kurdish resistance group KDPI (Kurdish Democratic Party of Iran). Apart from the carpet, the room in the small single-story house is empty. Rasulzadeh is mourning her husband, MamRead the full story
Women Are Retreating From Public Life In Iraq After Several High-Profile Murders
BuzzFeed News
“All women entering public life are targets,” one Iraqi activist told BuzzFeed News. Read the full story
Erdogan vows to 'finish' Kurdish militants in Iraq to avenge dead soldiers
Reuters
Turkish President Tayyip Erdogan on Saturday vowed to "finish" Kurdish militants in Iraq's Sinjar and Qandil regions to avenge eight Turkish soldiers killed in a bomb attack in southeastern Turkey earlier this week. Read the full story
Israel places new restrictions on Gaza after protests
ABC News
Israel announced new restrictions on Gaza Saturday; weeks after the territory's Hamas rulers stepped up protests along the enclave's land and water sea with Israel Read the full story
Israeli PM's wife goes on trial for fraud
ABC News
The trial of Prime Minister Benjamin Netanyahu's wife for alleged fraud and breach of trust has begun Read the full story
Sara Netanyahu fraud trial puts focus on Israel's controversial first family
CNN
Sara Netanyahu's fraud and breach of trust trial has renewed the focus on Israel's controversial first family. Read the full story
AFRICA
Africa: Climate Change Response Must Be Accompanied By a Renewed Approach to Economic Development
AllAfrica
Kingston In the face of the many challenges posed by climate change, Panos Caribbean, a global network of institutes working to give a voice to poor and marginalised communities, says the Caribbean must raise its voice to demand and support the global temperature target of 1.5 °C. Ahead of the United Nations climate summit in December, Yves Renard, interim coordinator of Panos Caribbean, said advocacy, diplomacy and commitments must be both firm and ambitious. He said this is necessary to ensure Read the full story
Kenya: Indigenous Seeds Key in Ensuring Food Security - Experts
AllAfrica
AllAfrica
(Photo: Sally Nyakanyaga/IRIN) The solution to achieving food security for the country is based on access to seeds. This is especially because the quality of seeds determines the quantity of food harvested. According to the Food and Agriculture Organisation (Fao), about 75 percent of biodiversity has been lost in the last century, globally. The loss has been caused by, among other things, change of lifestyles and the food that communities opt for and dominance of the seeds industry by Read the full story
Africa: Congress Takes the Lead on U.S.-Africa policy
AllAfrica
While the nation has been transfixed by the confirmation hearings of Judge Brett Kavanaugh for a seat on the Supreme Court, Congress passed significant legislation on Africa that has attracted virtually no attention. On October 3, the Senate passed the Better Utilization of Investments Leading to Development Act, better known as the BUILD Act. President Trump is expected to sign the legislation in the next several days. The BUILD Act could be the most significant U.S. initiative toward Africa inRead the full story
Cape Town ranked top South Africa metro in doing business
FurtherAfrica
Cape town was ranked according to the latest World Bank research report on Doing Business in South Africa. Read the full story
Zimbabwe is hiking mobile money taxes to plug its fiscal deficits but it could backfire
Quartz
Cash-strapped Zimbabwe has turned to mobile money for additional treasury funding with a hike in taxes for mobile wallets and electronic payment transactions. Zimbabwean business… Read the full story
ASIA
China's central bank announces a new policy change to spur growth
China's central bank said it would cut the amount of cash that some banks must hold as reserve to lower financing costs and spur growth.
Read more: https://www.cnbc.com/2018/10/
China orders more lending to entrepreneurs amid trade spat
ABC News
ABC News
Chinese banks have been told by the government to lend more to entrepreneurs to help shore up flagging economic growth amid an escalating trade dispute with Washington Read the full story
China’s central bank to pump US$110 billion into economy as US trade war intensifies
South China Morning Post
Move to free up more cash for lending aims to generate momentum after economy started to stall amid growing trade conflict with Washington Read the full story
EUROPE
Scotland's Sturgeon says her party likely to vote against Brexit deal
Business Insider
Scotland's first minister Nicola Sturgeon speaks at the inauguration of the European Offshore Wind Deployment Centre (EOWDC) off Aberdeen, Scotland Thomson Reuters LONDON (Reuters) - Scotland's First Minister Nicola Sturgeon said she could not expect her Scottish National Party (SNP) lawmakers to vote for any likely current format of a Brexit deal when it is put before parliament. Sturgeon told the BBC she expected British Prime Minister Theresa May to reach a "cobbled-together" deal to leave Read the full story
Tory Brexiteers back plans for EU officials at UK ports
Daily Mail
Daily Mail
Former Tory leader Iain Duncan Smith said Brexiteers are prepared to let EU officials be stationed at British ports after the UK's departure in order to get a Canada-style free trade deal Read the full story
How Europe and Russia Are Fighting U.S. Sanctions
The National Interest
Nikolas K. Gvosdev Security, Eurasia Will it undermine American financial dominance in the long-run? European Union High Representative for Foreign Affairs and Security Policy Federica Mogherini announced this past week that the EU, working in conjunction with Russia and China, would create a mechanism to allow Iran to continue trade with the other nuclear deal signatories despite the reimposition of U.S. sanctions on Iran. As she announced on the sidelines of the United Nations General Assembly Read the full story
EU will propose changes to Italian budget if needed, Juncker says
The European Commission will not interfere in Italy's budget planning and assess the budget without bias but propose changes if necessary, European Union Commission President Jean-Claude Juncker told Austrian newspapers.
EU plans 20th birthday for euro despite millions of job losses since launch
The Sun
SHAMELESS EU chiefs will stage a massive 20th birthday for the euro – a currency which has wreaked misery across the continent. Plans are being drawn up for week of celebrations to mark the landmark anniversary in January. But the move has been branded "obscene" and an insult to millions who have lost jobs or... Read the full story
Theresa May makes bid for disgruntled Labour voters
Sky News
Sky News
Theresa May will make a daring pitch to disgruntled Labour voters in which she will urge them to consider supporting the Conservatives. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Monday 10/8/18 did update on the indicative rates Sell Rate 1190
The currency auction is 179,052,278
There are no news and announcements.
Iraq Bank Articles:
Issuing a second edition of the Iraqi currency by making some changes
Release date: 2018/10/7 14:52 • 625 times read
{Baghdad: Al-Furat News} The Central Bank of Iraq issued its second edition of banknotes of the categories {25000, 10000, 1000, 500, 250} dinars.
The bank said in a statement received by the agency {Euphrates News} a copy of it, "will continue circulation of securities currently traded from the above categories with the new categories without any intention to withdraw from circulation."
He explained that "the variables on the above categories were as follows, for the categories {25000, 10000, 500, 250} dinars, included writing the name of the governor instead of signing it in the old version, in line with what is now practiced in other countries, Dates AH and AD until the two dates (1440 H -2018 AD) ".
The statement added: "The category of {1000} dinars has changed the face of the banknote, where the slogan {insert the marshes and relics of southern Iraq on the list of world heritage} instead of the image of the Islamic dinar in the old design, based on a decision in
He explained that "the variables on the above categories were as follows, for the categories {25000, 10000, 500, 250} dinars, included writing the name of the governor instead of signing it in the old version, in line with what is now practiced in other countries, Dates AH and AD until the two dates (1440 H -2018 AD) ".
The statement added: "The category of {1000} dinars has changed the face of the banknote, where the slogan {insert the marshes and relics of southern Iraq on the list of world heritage} instead of the image of the Islamic dinar in the old design, based on a decision in
An economist calls for the destruction of the new currency and correcting its grave error
Editorial Date: 2018/10/7 22:14 • 717 times read
{Baghdad: Al-Furat News} Economic expert Louay Khatib called for the destruction of the new currency and correcting its grave error.
"The Central Bank of Iraq issued a statement on the new version of the Iraqi currency signed the name of Acting Governor Ali Mohsen Ismail in a dangerous precedent and a violation of all contexts universally recognized and Iraqi, except dictatorships," Khatib said on the site of social access (FIBSOC) today.
"The dollar, for example, is signed by the secretary of the treasury and the treasurer without mentioning the names, as is the case for the sterling pound signed by the treasurer, Chief Cashier, without the name."
Khatib said, "So as an Iraqi citizen, I request that the signature of the Iraqi currency by the Minister of Finance by the title without mentioning the name, and the withdrawal and destruction of this new version and correct this grave error."
He called on all Iraqi people "to participate in this corrective action to be the beginning of the reform process in all aspects of government work and its contexts."
The Central Bank of Iraq issued its second edition of the banknotes of the categories {25000, 10000, 1000, 500, 250} dinars, indicating that the variables on the above categories were as follows, for the categories {25000, 10000, 500, 250} The name of the governor instead of signing it in the old version, in line with what is now practiced in other countries, and the dates Hijri and Gregorian dates were amended to {1440 - 2018 AD}.
"The dollar, for example, is signed by the secretary of the treasury and the treasurer without mentioning the names, as is the case for the sterling pound signed by the treasurer, Chief Cashier, without the name."
Khatib said, "So as an Iraqi citizen, I request that the signature of the Iraqi currency by the Minister of Finance by the title without mentioning the name, and the withdrawal and destruction of this new version and correct this grave error."
He called on all Iraqi people "to participate in this corrective action to be the beginning of the reform process in all aspects of government work and its contexts."
The Central Bank of Iraq issued its second edition of the banknotes of the categories {25000, 10000, 1000, 500, 250} dinars, indicating that the variables on the above categories were as follows, for the categories {25000, 10000, 500, 250} The name of the governor instead of signing it in the old version, in line with what is now practiced in other countries, and the dates Hijri and Gregorian dates were amended to {1440 - 2018 AD}.
Issuing a second edition of the Iraqi currency by making some changes
Release date: 2018/10/7 14:52 • 625 times read
{Baghdad: Al-Furat News} The Central Bank of Iraq issued its second edition of banknotes of the categories {25000, 10000, 1000, 500, 250} dinars.
The bank said in a statement received by the agency {Euphrates News} a copy of it, "will continue circulation of securities currently traded from the above categories with the new categories without any intention to withdraw from circulation."
He explained that "the variables on the above categories were as follows, for the categories {25000, 10000, 500, 250} dinars, included writing the name of the governor instead of signing it in the old version, in line with what is now practiced in other countries, Dates AH and AD until the two dates (1440 H -2018 AD) ".
The statement added: "The category of {1000} dinars has changed the face of the banknote, where the slogan {insert the marshes and relics of southern Iraq on the list of world heritage} instead of the image of the Islamic dinar in the old design, based on a decision in this regard in addition to writing the name of the governor also Instead of signing it in the old version and modifying the Hijri and Gregorian dates to the two dates (1440 H -2018). "
He explained that "the variables on the above categories were as follows, for the categories {25000, 10000, 500, 250} dinars, included writing the name of the governor instead of signing it in the old version, in line with what is now practiced in other countries, Dates AH and AD until the two dates (1440 H -2018 AD) ".
The statement added: "The category of {1000} dinars has changed the face of the banknote, where the slogan {insert the marshes and relics of southern Iraq on the list of world heritage} instead of the image of the Islamic dinar in the old design, based on a decision in this regard in addition to writing the name of the governor also Instead of signing it in the old version and modifying the Hijri and Gregorian dates to the two dates (1440 H -2018). "
Call for Establishment of Iran-Iraq Joint Bank
Monday, October 08, 2018
Privately-owned banks have expressed readiness to establish a joint bank with Iraq, said the head of Iran-Iraq Chamber of Commerce.
Speaking to IBENA, Yahya Al-e Es’haq said the bank would function under regulations of central banks of the two countries.
Value Traded
195,912,184
Shares Traded
445,817,895
ISX ended in Red
Kauaihn Chatter:dd
10-8-2018 Newshound Guru Kaperoni CBI gets ready to introduce replacement currency 250, 500, 1000 dinars. This new currency only makes sense if they expect them to be in circulation for a while. No overnight event! The dinar will only rise gradually via a float. That is how monetary policy works. Raising the value of the Iraqi dinar is part of a much bigger process...integrating Iraq's financial system into the worlds banking system. That process includes the CBI accepting Article VIII of the IMF charter and moving to a new exchange rate regime. The reason the CBI must move away from it's current exchange rate regime (peg) is to counter inflationary pressure created when large amounts of capital and investment comes into Iraq. The new exchange rate regime will be a float allowing the CBI to counter this pressure by gradually raising the value. The good news is as I have said before is that I expect that process to start very soon.
10-7-2018 Newshound Guru Bloodloch ...Until they release new classes of VLD (Very Low Denomination) currencies, in the range of 1 dinar to 100 dinar notes, the working theory I've been hinting about is on hold. This does not mean they won't do as much soon, but I must admit I was hoping to see something along the lines of VLD with these new predicted currency releases. Still, the fact that they have yet to breach this VLD range means the potential for such an issue remains viable. When it does finally happen, and if must if they plan to ever have the IQD achieve equality with the USD, it will be a surprise event. It's just not the sort of thing they would telegraph ahead of time.
10-7-2018 Newshound Guru chattels [Is it me, or is the Iraq government moving a lot more quickly than they have in the past?] November will be six months since the election which is about the time it has taken for other governments. Some parts of the process have taken longer and some have moved more quickly. The invitation / creation of the Prime Minister Designate was much quicker...
10-7-2018 Newshound Guru Kaperoni This process has been completely documented through the IMF. And monetary policy is never a random act.
10-7-2018 Newshound Guru MilitiaMan They appear to to say two things in the way the are telling us this. Firstly they are putting up of raising large amounts of currency for that they can introduce large quantities for small groups. They clearly are doing what they said they were going to do by taking out the large and introducing the smalls.. imo. Then, they tell us now they are going to have a simple change with a new format next week. I don't know about you all, but,this sure sets the stage for big things to happen and in short order, as next week is within hours not days... [post 2 of 2]
10-7-2018 Newshound Guru MilitiaMan Article: "Central Bank raises large amounts of currency for small groups" Possibly, by definition they have said they introduced currencies to rival the dollar... Introducing lower notes with an international rate and or less the 3 zeros could or would fit the definition of rival in comparison to the USD imo. The CBI also told us they were to make a simple change in respect to trading next week.. Quote: "The Central Bank raises large amounts of currency for small groups." In other words, they lifted enough large notes now so they can bring in the smaller groups. [post 1 of 2....stay tuned
10-7-2018 Newshound Guru Kaperoni This process has been completely documented through the IMF. And monetary policy is never a random act.
10-7-2018 Newshound Guru MilitiaMan They appear to to say two things in the way the are telling us this. Firstly they are putting up of raising large amounts of currency for that they can introduce large quantities for small groups. They clearly are doing what they said they were going to do by taking out the large and introducing the smalls.. imo. Then, they tell us now they are going to have a simple change with a new format next week. I don't know about you all, but,this sure sets the stage for big things to happen and in short order, as next week is within hours not days... [post 2 of 2]
10-7-2018 Newshound Guru MilitiaMan Article: "Central Bank raises large amounts of currency for small groups" Possibly, by definition they have said they introduced currencies to rival the dollar... Introducing lower notes with an international rate and or less the 3 zeros could or would fit the definition of rival in comparison to the USD imo. The CBI also told us they were to make a simple change in respect to trading next week.. Quote: "The Central Bank raises large amounts of currency for small groups." In other words, they lifted enough large notes now so they can bring in the smaller groups. [post 1 of 2....stay tuned
]10-7-2018 Newshound Guru Bloodloch ...I do not believe this will be a float taking years to achieve par with the dollar, so be of good cheer...not going to post details yet.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister and Commander-in-Chief of the Armed Forces Dr. Haider Al-Abadi heads a meeting of the Ministerial Council for National Security
Prime Minister and Commander-in-Chief of the Armed Forces Dr. Haider Al-Abadi held a meeting of the Ministerial Council for National Security.
During the meeting, they discussed the security situation and the maintenance of security stability and intelligence efforts and rely on new plans in the pursuit of terrorist cells, and was presented a presentation on the security situation in the capital Baghdad and other provinces.
A working paper was also discussed mechanisms, controls and treatment of cases of tax evasion and customs and raising a number of recommendations and guidance on them.
The subject of the controls of the end-user certificate for the import of arms and the issue of a decision was also discussed.
The memorandum of understanding on the work of the security and protection of aircraft in the Turkish airspace was approved.
As well as cooperation with the Libyan side in the field of combating terrorism and providing care for Iraqi citizens present on Libyan territory.
New mechanisms have also been approved to facilitate the granting of entry visas to investors in Iraq.
Prime Minister 's Media Office
October 7, 2018
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ARTICLE 2
Tweets posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 10-7-2018 around 9:30 am Eastern
Addressing gender inequality and empowering women are key pillars of the @IraqiGovt strategy to building a resilient, peaceful and prosperous IraqGovernment of IraqVerified account @IraqiGovt 10-7-2018 around 9:30 am Eastern
The @IraqiGovt in partnership with @CanadainIraq and @WorldBankMENA launch a programme to support Iraq’s efforts to remove the legal and institutional obstacles constraining the full participation of Iraqi women in the economy and the political process
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ARTICLE 3
Abdul Mahdi and a delegation from the World Bank discuss the continuation of Iraq's projects
2018/10/7 21:18
[Ayna-Baghdad]
Prime Minister-designate Adel Abdul-Mahdi received the delegation of the World Bank delegation in Iraq and discussed the bank's projects in the country.
A statement from his office received the agency of all Iraq [where] a copy of it that the delegation congratulated Abdul Mahdi, "commissioned him to form a government."
The two sides discussed, according to the statement, "the support of the World Bank for Iraq in many areas and the continuation of its projects in Iraq and its work and future plans."
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ARTICLE 4
Iranian Ambassador: We look forward to a pivotal role for Iraq in the region
2018/10/7 21:21
[Ayna-Baghdad]
DAMASCUS, (SANA) -President Barham Salih held talks with Iranian Ambassador Irg Masjedi and his country's consul in Iraq on Sunday evening.
"At the outset of the meeting, Ambassador Masjadi conveyed congratulations to President Barham Saleh and congratulated him on the performance of his duties," a presidential statement said.
The president praised "the bilateral relations between Iraq and Iran and its role in supporting stability and peace in the region, especially the role of the Islamic Republic in supporting Iraq in its fight against terrorism and defeating the terrorist advocate." He also reviewed the historical relations between the two neighboring countries, Stressing "the importance of advancing them to the highest levels to serve the interests of the peoples of the two neighboring countries."
"The current tension in the region is unacceptable and we look forward to a deep dialogue on sensitive issues in the next phase," the statement quoted Saleh as saying.
He stressed that "there is a historic opportunity to succeed and overcome difficulties, and we will work to be Iraq in the next phase to the point of regional and international consensus starting work to reduce tensions and establish security and stability and create an opportunity for a safe environment for reconstruction and prosperity."
"I wish you and Prime Minister-designate Adel Abdul-Mahdi all the good luck and I assure you that you have the confidence of your people and I invite you to ensure the interests of our two countries. Iraq is strong in its resources, personalities and efficiency, and needs strong management of these resources," he said. To overcome problems and difficulties and solve them, you are entitled to that administration and confidence. "
"The strong and independent support of Iraq, the strength of your relations and its strength in the regional countries and the international community is a source of pride and pride, and we look forward to a pivotal role for Iraq in the coming period."
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ARTICLE 5
Deputy for Al-Nasr: Al-Abbadi's candidacy for the Foreign Ministry in the new government
2018/10/8 9:07
[Ayna-Baghdad]
A deputy in the coalition of victory, revealed two positions were proposed to the Prime Minister outgoing Haidar Abadi.
"The Iraqi political leaders have proposed more than once two positions for the slaves," Nada Shaker said in a press statement.
She revealed that "the positions are the post of Vice President and Minister of Foreign Affairs in the new government headed by Adel Abdul Mahdi, commissioned by President Barham Saleh."
On whether Abadi accepts one of the posts, Shaker explained, "This is due to Haider al-Abadi whether he wants to continue his political work or not."
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ARTICLE 6
The Pentagon is preparing to form an army of insects!
2018/10/8 0:00
[In-follow]
Can a band of insects carrying genetically modified viruses save America's farms? Or are they uncontrollable biological weapons?
This is the debate on a controversial new research project at the Pentagon called the Associated Bug, funded by the US Defense Advanced Research Projects Agency (DARPA), according to the scientific "Live Science" website.
The project involves the use of gene-editing techniques to infect insects with modified viruses that can help make America's crops more resilient if an cornfield is unexpectedly dehydrated or suddenly succumbed to a disease. For example, Corn plant.
According to the DARPA website, these targeted therapies could come into effect in one growth season and could potentially protect the US crop system from food security threats such as diseases, floods, frosts and even threats by state or non-state actors.
But members of the scientific community are skeptical. In a research message published yesterday, a team of five scientists expressed concern that the project could easily be used as a biological weapon.
"In our opinion, the justifications are not clear enough, for example, why do they use insects? They can use spraying systems," says the co-author of the letter and professor of international law at Freiburg University in Germany, Selga vonicki. "The use of insects as a channel for disease transmission is a biological weapon classic".
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