WOTS Thursday 11/8/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,172.9000 | 1,172.9000 | 1,172.9000 | | 20:00 |
| USD/VND | | | 23,287.0000 | 23,093.2000 | 23,093.2000 | | 02:27 |
| USD/CNY | | | 6.9319 | 6.9100 | 6.9100 | | 06:04 |
| USD/KWD | | | 0.3033 | 0.3026 | 0.3031 | | 06:36 |
| GBP/USD | | | 1.3149 | 1.3088 | 1.3130 | | 06:44 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,674.7000 | 14,461.0000 | 14,595.3000 | | 06:44 |
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DC NY Iraq Articles:dd
Saleh receives an invitation to visit the UAE
Editorial Date: 2018/11/8 11:21 • 110 times read
{Baghdad: Al-Furat News} President of the Republic received an invitation to visit the United Arab Emirates.
Saleh received at the Peace Palace in Baghdad on Thursday morning the UAE Ambassador Ahmed Hassan Al Shehhi. The latter presented the President with an official invitation from the Crown Prince of Abu Dhabi, Mohammed bin Zayed Al Nahyan, to visit the UAE for an exchange of views. Consider and discuss common interests of interest to both countries and the region. "
President Saleh stressed "the depth of relations between the two brotherly countries, stressing the need to strengthen and develop them in various fields, especially economic and trade."
For his part, Ambassador Al Shehhi reiterated the desire of the UAE to strengthen relations between the two countries and to move forward in communication and cooperation with Iraq in all fields
President Saleh stressed "the depth of relations between the two brotherly countries, stressing the need to strengthen and develop them in various fields, especially economic and trade."
For his part, Ambassador Al Shehhi reiterated the desire of the UAE to strengthen relations between the two countries and to move forward in communication and cooperation with Iraq in all fields
Integrity returns $ 3.5 million to the state treasury from a foreign security company
Release date: 2018/11/8 13:47 • 45 times read
{Baghdad: Al Furat News} The Integrity Commission revealed that it was able to recover more than three and a half million US dollars from a foreign security company in the interest of the General Establishment of Civil Aviation.
The Department of Investigation in the body in a statement received by the agency {Euphrates News} a copy of it today, "to form a team of the Directorate of Investigation Baghdad in the body; to investigate and investigate the issue of news contained in the violations in the contract between the Ministry of Transport represented by the General Civil Aviation Corporation with a company Foreign security ".
The Department explained that "the team moved to Baghdad International Airport, met with the airport manager and the director of contracts department; to identify the paragraphs not implemented the terms of the contract, indicating that the total amount of security services approved for the processing of fundamental and not processed amounted to 2,560,000 million US dollars.
"A technical committee has been formed to prepare the proposed modification of the exit belts in accordance with paragraph 22 of the contract, which stipulates the contractor's commitment to provide security solutions and positive proposals regarding the baggage inspection area at the counterweight area and the achievement of the standard solutions, The International Civil Aviation Organization (ICAO), "noting that" the amount of the item was not implemented from this paragraph by 1.190 billion dinars. "
The Committee recommended after these amounts debts owed by the foreign company, has been approved the recommendations of the Technical Technical Committee, and approached the financial section of the General Establishment of Civil Aviation; for the purpose of instructing the Committee to pay the security company receivables to deduct the amounts mentioned.
The Department explained that "the team moved to Baghdad International Airport, met with the airport manager and the director of contracts department; to identify the paragraphs not implemented the terms of the contract, indicating that the total amount of security services approved for the processing of fundamental and not processed amounted to 2,560,000 million US dollars.
"A technical committee has been formed to prepare the proposed modification of the exit belts in accordance with paragraph 22 of the contract, which stipulates the contractor's commitment to provide security solutions and positive proposals regarding the baggage inspection area at the counterweight area and the achievement of the standard solutions, The International Civil Aviation Organization (ICAO), "noting that" the amount of the item was not implemented from this paragraph by 1.190 billion dinars. "
The Committee recommended after these amounts debts owed by the foreign company, has been approved the recommendations of the Technical Technical Committee, and approached the financial section of the General Establishment of Civil Aviation; for the purpose of instructing the Committee to pay the security company receivables to deduct the amounts mentioned.
Barzani and Kubic emphasize the need to expedite the election of a speaker of the Parliament of Kurdistan to begin the steps to form a government
06:19 - 07/11/2018
Baghdad - Mawazine News
The Prime Minister of Kurdistan, Nigervan Barzani, and the special envoy of the Secretary-General of the United Nations Jan Kubic, on Wednesday, the need to accelerate the election of a speaker of the parliament of the region, in order to begin steps to form a new government.
"The meeting discussed the political process in Iraq," the prime minister's office said in a statement received by Mawazine News. "Barzani received Jan Kubic, UN special envoy to Iraq, and a delegation accompanying him.
The statement added that "both sides expressed the hope that the political situation in Iraq will move forward and that the new cab of the Iraqi government will be able to meet the demands of all components of Iraq and the realization of their rights and services to them, and that the Kurdish side plays a strong and influential role in this area and to achieve rights All ingredients ".
The two sides touched on the "political situation of the Kurdistan region and the elections and the conduct of the first session of the Parliament of Kurdistan," confirming "the election of the Presidency of the Parliament of Kurdistan to begin then steps to form a new government cab, and the formation of a government reflects the demands of parties and components of the Kurdistan Region."
The Prime Minister of Kurdistan, Nigervan Barzani, and the special envoy of the Secretary-General of the United Nations Jan Kubic, on Wednesday, the need to accelerate the election of a speaker of the parliament of the region, in order to begin steps to form a new government.
"The meeting discussed the political process in Iraq," the prime minister's office said in a statement received by Mawazine News. "Barzani received Jan Kubic, UN special envoy to Iraq, and a delegation accompanying him.
The statement added that "both sides expressed the hope that the political situation in Iraq will move forward and that the new cab of the Iraqi government will be able to meet the demands of all components of Iraq and the realization of their rights and services to them, and that the Kurdish side plays a strong and influential role in this area and to achieve rights All ingredients ".
The two sides touched on the "political situation of the Kurdistan region and the elections and the conduct of the first session of the Parliament of Kurdistan," confirming "the election of the Presidency of the Parliament of Kurdistan to begin then steps to form a new government cab, and the formation of a government reflects the demands of parties and components of the Kurdistan Region."
Minister of Communications of the Governor of Baghdad: We seek to reach the ranks of developed countries
Iraq News Now
Baghdad / Al-Ghad Press:
Minister of Communications Naim Thajeel al-Rubaie on Wednesday assured Baghdad Governor Atwan Al-Atwani of the need to cooperate with government institutions in order to provide a stable and secure service using the latest international technologies.
The Minister of Communications received in his office at the Ministry of the Interior, Governor of Baghdad, Atwan Al-Atwani," a statement from Al-Naimi's office said.
"The two sides discussed during the meeting the development of the ICT sector to meet the needs of citizens," the statement said.
"The two sides discussed during the meeting the development of the ICT sector to meet the needs of citizens," the statement said.
"The need for joint cooperation with government institutions in order to provide a stable and secure service by following the latest international technologies," Rubaie said.
He pointed to "the ministry's efforts to improve the status of communications and information technology and reach the ranks of developed countries in this vital area."
For his part, Al Atwani congratulated Al Rubaie on "an occasion to assume the post of Minister of Communications wishing him success and success and achieve new achievements in the service of the common good."
Sources: Abdul Mahdi "Egypt" on seven of the eight ministers and it is hoped to give them confidence tomorrow
Wednesday 07 November 2018
Baghdad / Al-Ghad Press:
Political sources informed on Wednesday that the next parliamentary session will give confidence to the remaining eight ministers of the government cab, while pointing out that the candidates of the Interior, Culture and Higher Education raised a sharp disagreement between the leaders of the coalition of construction and reform, confirmed "insistence" of Abdul Mahdi on seven of his candidates .
The source told Al-Ghad Press that "it was scheduled on Tuesday that the agenda of the session of the House of Representatives to give confidence to the candidates of the eight ministries vacant in the government of Adel Abdul-Mahdi, but the political differences between the coalition building and reform has delayed the passage of candidates for the eight ministries."
"The bags of the interior, culture and higher education ignited a dispute between the leaders of the Muqtada al-Sadr and the leaders of the rule of law Nuri al-Maliki and Fatah Hadi al-Amiri, because of Sadr's insistence on rejecting the nomination of Faleh al-Fayadh for interior, and Qusay al-Suhail for higher education, and Hassan al-Rubaie for culture."
The sources expected that "the meeting will be held to give confidence to the eight ministers on Thursday," but noted that "Prime Minister Adel Abdul Mahdi, Egypt, the names nominated by the Ministries of Higher Education, Education, Justice, Immigration, Interior, Culture and Planning, except defense until the consensus between the Sunni blocs "He said.
The House of Representatives on Tuesday held its tenth session, which was supposed to witness the granting of confidence to the remaining eight ministers of the government cab, but the blocks did not agree on some of the candidates, prompting the presidency of parliament to lift the meeting to Thursday.
Integrity returns to the state a property of seven billion dinars and adjust its false priorities
07-11-2018 12:43 PM
The Investigation Department of the Integrity Commission revealed that the staff of the Karbala Investigation Office in the Authority were able to control the manipulation and falsification of the transfer of ownership of a property of 18 dunums and 1417 meters to the State Real Estate Department in the governorate.
The Department pointed out that the team of the investigation office in Karbala conducted extensive investigations and investigations including the Property Claims Commission, the Agriculture Directorate, the State Real Estate Department and the Real Estate Registration Office in Karbala. He was able to detect the falsification of ownership of the property on behalf of a group of defendants who claimed to buy the property through a mock- An alleged counterfeited version of the state real estate department in the province.
She pointed out that the estimated value of the property amounted to (6,905,500,000) billion dinars, and that the seizure was based on a judicial note.
The Karbala investigation office in the Integrity Commission handed over the property to the State Real Estate Department in the province, in implementation of the decision of the Karbala Court of Inquiry to handle the cases of integrity, indicating that the judicial decision ensures that the Chamber will initiate a cancellation action against the beneficiaries and the claim of reward.
It is worth mentioning that the estimated value of the properties which the Authority was able to re-state ownership in the province of Karbala during the current year amounted to more than (230 billion) billion dinars.
After meeting Canadian Ambassador .. Trade Minister discusses the supply of wheat to Iraq
07-11-2018 12:34 PM
The Minister of Commerce, Mohammad Hashim Al-Ani, met Wednesday with Canadian Ambassador to Iraq Paul Gibbar. The two sides discussed issues related to the development of bilateral relations in the economic, investment and trade fields.
In a statement to the Ministry of Commerce, Al-Ani stressed the need for Iraq to enter Canadian companies for investment and its contribution to tenders conducted by the Ministry of Commerce to supply wheat to calculate the ration card items.
While working to re-work the memorandum of understanding to increase the volume of trade cooperation and resolve outstanding issues for Canadian companies'.
The two sides discussed "a number of issues related to the development of bilateral relations between the two countries in the economic, investment and trade fields, as well as topics of common understanding, and discussed the supply of Canadian wheat to Iraq."
The Minister of Trade, during the meeting, on the 'need for Iraq to large quantities of wheat for the purpose of securing the requirements of the ration card'.
He also called on the Canadian side to 'further cooperation in the supply of wheat to Iraq to meet the need in the light of our priorities to provide the ration card items and improve the quality and implementation of the government program announced by Prime Minister Adel Abdul Mahdi and ratified by the Iraqi Council of Representatives'.
The Ambassador of Canada, Paul Gibard, expressed 'his country's desire to develop and strengthen bilateral relations and to clarify the prospects for cooperation in the field of trade, especially with regard to the import of wheat and the contribution of Canadian companies to enter partnerships and investment projects with the Iraqi private sector inside Iraq.'
He pointed out that the presence of Canadian companies participating in the tenders conducted by the ministry to buy wheat and offers to supply Canadian wheat to Iraq, according to the standards for the processing of wheat and quality required from Iraq.
Kauaihn Iraq Articles:dd
Presidency of the Parliament of the Euphrates: the crisis of Basra and liberated areas have priority in the budget
Release date: 2018/11/8 7:50 • 109 times scheduled
"The House of Representatives will discuss the priorities of the financial budget for the year 2019, which will be the crisis of Basra province, and the liberated areas."
He said Karim told the {Euphrates News} "We are looking for a budget that contains investment projects and allocations and give the needs of the citizen, as well as the reconstruction of the areas destroyed by military operations against Daqash," noting that "Basra province will have priority in the discussion of the budget side, .
He pointed out that "the House of Representatives will focus on the budget includes projects and away from operational as much as possible, and will discuss service priorities of the provision of water projects and the basic needs of displaced and displaced."
He stressed that "the members of the House of Representatives are determined to discuss the important aspects of the budget according to technical frameworks of specialists.
He pointed out that "the House of Representatives will focus on the budget includes projects and away from operational as much as possible, and will discuss service priorities of the provision of water projects and the basic needs of displaced and displaced."
He stressed that "the members of the House of Representatives are determined to discuss the important aspects of the budget according to technical frameworks of specialists.
The Amir of Kuwait assesses the stability of Iraq
Release date: 2018/11/8 9:12 • 459 times read
(Al-Furat News) Kuwait's Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Iraqi Nobel Peace Prize winner Nadia Murad, who expressed gratitude for the role played by the Emir of Kuwait in the field of humanitarian action.
The story of her suffering is intended to inspire millions of people after she was abducted by her fugitive terrorists with her family in 2014, killing six of her brothers and being raped by them.
In September 2016, the United Nations appointed a Goodwill Ambassador to fight drugs and crime.
This appointment by the UN was "the first of its kind for one of the survivors of these atrocities" witnessed by Iraq.
The Kuwait International Conference for the Reconstruction of Iraq, hosted by Kuwait from February 12 to 14, was a joy and pride for all Iraqis. "How a country like Kuwait was invaded by Iraq, and become the first country to support its reconstruction after the war ?! "She added that" all Iraqi politicians and civilians, as well as victims of war, to be proud of such thing, and we need the support and advice of your Highness. "
The Emir of Kuwait said to Murad: "I did not wish to think of all these things that hurt you, and I know that what you have suffered is not easy, and bore the torment and many pains, but you have to think in the future is better, God willing, Iraq is now in the case of More stable than ever. "
After the meeting, Murad explained that her visit to Kuwait was aimed at getting a closer look at the humanitarian work being done by the Emir of Kuwait, and that her work after the liberation of Sinjar and the liberation of victims and demining with the help of the French government and the State Department aimed at the crowd for reconstruction, It has been abused and destroyed by the infrastructure.
"There are 350,000 Yazidis living in the camps who have not returned to their homes because of the lack of humanitarian services in Sinjar, and that is our work today.
In September 2016, the United Nations appointed a Goodwill Ambassador to fight drugs and crime.
This appointment by the UN was "the first of its kind for one of the survivors of these atrocities" witnessed by Iraq.
The Kuwait International Conference for the Reconstruction of Iraq, hosted by Kuwait from February 12 to 14, was a joy and pride for all Iraqis. "How a country like Kuwait was invaded by Iraq, and become the first country to support its reconstruction after the war ?! "She added that" all Iraqi politicians and civilians, as well as victims of war, to be proud of such thing, and we need the support and advice of your Highness. "
The Emir of Kuwait said to Murad: "I did not wish to think of all these things that hurt you, and I know that what you have suffered is not easy, and bore the torment and many pains, but you have to think in the future is better, God willing, Iraq is now in the case of More stable than ever. "
After the meeting, Murad explained that her visit to Kuwait was aimed at getting a closer look at the humanitarian work being done by the Emir of Kuwait, and that her work after the liberation of Sinjar and the liberation of victims and demining with the help of the French government and the State Department aimed at the crowd for reconstruction, It has been abused and destroyed by the infrastructure.
"There are 350,000 Yazidis living in the camps who have not returned to their homes because of the lack of humanitarian services in Sinjar, and that is our work today.
Al-Gheshmi: Reducing wages will not include all students
Editorial Date: 2018/11/8 7:00 • 176 times read
(Baghdad: Al-Furat News) The MP of the National Wisdom Stream Khaled al-Geshmi, that the decision to reduce wages will not include all students.
Al-Geshmi told the Euphrates News that "there are several oppressed students who are exposed to the six preparatory students, colleges and graduate students starting from preparatory schools in this year, where there was a problem in the admission level. The average of 96% did not accept the medical group for many reasons, Martyrs and the addition of some degrees. "
"Today, the six preparatory students are asking for an opportunity to improve the rate. We have already asked the parliament and the Ministry of Education before the end of the previous government and we did not get a position. This is a right demand that was implemented last year."
He called on the Prime Minister, Adel Abdul Mahdi, "to approve the request to improve the rate and direct intervention, especially with the social situation suffered by students and he will not oppose the sensitivity and others as claimed by the Ministry of Education is not fair to return the university student academic year because of one article!"
He continued: "The scholarship students were subjected to great injustice in tuition fees and the reduction decision was not included in all the students." He recalled: "We asked for the appointment of higher degree holders and the allocation of all degrees of deletion and development. First students only ".
"We will follow with great interest, especially the presence of a huge range of grades in many provinces and we will allocate 20% to the holders of higher degrees."
"Today, the six preparatory students are asking for an opportunity to improve the rate. We have already asked the parliament and the Ministry of Education before the end of the previous government and we did not get a position. This is a right demand that was implemented last year."
He called on the Prime Minister, Adel Abdul Mahdi, "to approve the request to improve the rate and direct intervention, especially with the social situation suffered by students and he will not oppose the sensitivity and others as claimed by the Ministry of Education is not fair to return the university student academic year because of one article!"
He continued: "The scholarship students were subjected to great injustice in tuition fees and the reduction decision was not included in all the students." He recalled: "We asked for the appointment of higher degree holders and the allocation of all degrees of deletion and development. First students only ".
"We will follow with great interest, especially the presence of a huge range of grades in many provinces and we will allocate 20% to the holders of higher degrees."
Iraqi PM, Sadr's Sa'eroun Don't Agree on Interior Minister's Appointment: Official
BasNews
08/11/2018 - 00:46
Iraq
Iraqi PM, Sadr's Sa'eroun Don't Agree on Interior Minister's Appointment: Official
Iraq
Iraqi PM, Sadr's Sa'eroun Don't Agree on Interior Minister's Appointment: Official
ERBIL - Iraqi PM Adil Abdul-Mahdi is determined to appoint Falih Fayaz as the interior minister, while the Sa'eroun Alliance, led by cleric Muqtada al-Sadr, has strongly refused to accept a former government official to be in the cabinet once again, an official explained.
Talking to BasNews, Hamid Mosawi, a member of the al-Fatih Coalition, said that they have additional candidates for the ministerial position, but that Abdul-Mahdi has rejected all of them except Fayaz, noting that Sa'eroun Alliance has, in the meantime, put pressure on the Iraqi premier to revise his decision.
"But he insists on him [Falih Fayaz] to hold the position," Mosawi said.
Ali Mahdi, a leader of Sa'eroun told BasNews that they do not support someone who has previously held any high political position.
Fayaz previously served as the National Security Advisor and as a Hashd al-Shaabi leader.
Kurdish Factions Urge Iraq to Remove Customs Offices on Border with KRG
BasNews
08/11/2018 - 00:18
Iraq
Kurdish Factions Urge Iraq to Remove Customs Offices on Border with KRG
Iraq
Kurdish Factions Urge Iraq to Remove Customs Offices on Border with KRG
ERBIL - The Kurdish lawmakers in the Iraqi parliament have directed a written draft to the council of representatives for removing the customs offices on the main roads of Erbil-Kirkuk and Sulaimaniya-Kirkuk.
The customs offices were established by the Baghdad-appointed governor of Kirkuk Rakan al-Jabouri and ordered by the former Iraqi PM Haider al-Abadi earlier in September, where any trade would be taxed among the disputed Kurdish cities and other Kurdish provinces
"We as the Kurdistan Democratic Party's (KDP) bloc have directed a draft to the parliament speaker so that he will remove the customs offices among Kikuk-Erbil and Kirkuk-Sulaimaniya as they are illegal," Nasir Harki, a KDP lawmaker told BasNews. "Because Kurdistan Regional Government (KRG) is part of the federal government and such customs cannot exist among the cities."
Merkel Invites Iraqi PM to Visit Germany, Reiterating Support for Baghdad
BasNews
07/11/2018 - 23:07
Iraq
Merkel Invites Iraqi PM to Visit Germany, Reiterating Support for Baghdad
Iraq
Merkel Invites Iraqi PM to Visit Germany, Reiterating Support for Baghdad
ERBIL - Chancellor of Germany Angela Merkel has invited the Iraqi PM Adil Abdul-Mahdi to pay a visit to Berlin, reiterating the European country's support for Baghdad.
The Iraqi premier's office said in a statement that PM Abdul-Mahdi received a phone call from Merkel on Wednesday, and that the pair held talks on bilateral ties between the sides.
According to the statement, the European official asserted that Germany, apart from supporting Iraq militarily and financially, it also urges German companies to assist the Republic of Iraq in improving its energy and power supply.
The Iraqi leader, in return, underlined the role of Germany in helping the Arab country and its understanding to Baghdad’s stance towards the US sanctions on Iran.
Source: Political differences prevented the election of a speaker of the parliament of Kurdistan
Wednesday, November 7
Alsumaria News / Baghdad
A political source said that political differences prevented the selection of a speaker of the parliament of Kurdistan, indicating that the meeting remained open to further notice.
The newspaper quoted a source as saying that "political differences prevented the selection of a president of the parliament of the Kurdistan region," noting that "members of parliament were unable to choose a new president of the legislative authority."
He added that "more than a Kurdish political bloc demanded the post," noting that "This prompted the President of the age to keep the meeting open until further notice until the agreement on the name of the new parliament speaker."
The Kurdistan Regional Parliament held its first session Wednesday, which included the swearing-in of deputies.
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Turkey has warned Washington against its new sanctions on Iran, saying isolating the Islamic Republic is "dangerous", Turkish Foreign Minister Mevlut Cavusoglu said on Tuesday. Washington this week imposed a second set of sanctions on Iran that aim to isolate the country's banking sector and slash its oil exports. Eight countries including Turkey have received a US waiver to continue importing Iranian oil. {articleGUID} "While we were asking (for) an exemption from the United States, we have Read the full story
Turkish media have reported that staff at Saudi Arabia's consulate in Istanbul tried to dismantle security cameras to help cover up the murder of Saudi journalist Jamal Khashoggi. The pro-government Sabah newspaper reported on Tuesday that the Saudis tried to rip out the camera inside the consulate on October 2, the day Khashoggi was murdered. They also tried to tamper with cameras at the police security booth outside the building. Khashoggi, a former Washington Post columnist and critic of the Read the full story
The revelations are the latest in a pile of mounting evidence that Saudi officials are attempting to cover up the journalist's murder. Read the full story
The crown prince has threatened to develop nuclear weapons if Iran is able to do the same. Read the full story
Iraq is in talks with international companies to help upgrade its oil production and export capacities and an agreement is to be reached soon, Iraqi Oil Minister Thamer Ghadhban said on Tuesday. Read the full story
Mutare The Grain Millers Association of Zimbabwe (GMAZ) has allayed fears of a looming bread and flour shortages during the forthcoming festive season, telling the media in Mutare weekend that the group has just imported 60 000 tonnes of wheat to meet the demand. GMAZ chairperson Tafadzwa Musarara visited Forbes Border post on Sunday to receive first batch of haulage trucks transporting wheat from the port of Beira to Harare. The trucks are complementing the National Railways of Zimbabwe (NRZ) Read the full story
(Photo: Wicknell Chivayo/Facebook) Former President Robert Mugabe has been fingered in the Gwanda solar project saga which saw his former lieutenant, Samuel Undenge jailed for two years. Mugabe's name was mentioned in court after Noah Gwariro, former Zimabwe Power Company director testified against Undenge for authorizing a tender to Wicknell Chivhayo's Intratek Zimbabwe without bank guarantees. "It was during that time when I was still employed as the MD with ZPC and Intratrek was awarded a Read the full story
The government has been urged to relook into the Women's Microfinance Bank's mandate to ensure rural women are not left out on financial inclusivity programs. Since its inception a few months ago, the bank has not helped marginalized women who continue to struggle to access loan facilities due to lack or improper collateral. Speaking at a two day National Symposium On Gender Equality and the Human Rights Of Women In Zimbabwe, Chairperson of the Zimbabwe Gender Commission, Margaret Read the full story
Finance Minister, Mthuli Ncube has revealed that 93 percent of the country's exports are destined for the African market as he urged local industry to up its game and take advantage of the vast international opportunities. He was addressing delegates at an Afreximbank trade briefing in Harare Monday morning. "In 2017, 93 percent of Zimbabwe's total exports were within Africa, with 63 percent of that destined for South Africa market alone. "In the same year, 53 percent of country's imports came Read the full story
(Photo: 263Chat) The opposition Movement for Democratic Change (MDC) President, Nelson Chamisa has vowed not to back off from his planned mass protests to force President Emmerson Mnangagwa's government out of power. Chamisa who is on a national tour, speaking to party supporters on the way forward following his electoral loss in the July 30harmonised elections told thousands of Beitbridge residents that he will soon give a signal on the envisaged action. "After touring the whole country I will Read the full story
* Maputo strikes deal with 4 creditors of Eurobond holdergroup Read the full story
The European Chamber of Commerce expresses disappointment that president’s speech at the China International Import Expo offered few new ideas and no timelines for enacting past promises Group warns that EU businesses are starting to doubt Chinese promises Read the full story
India aims to sign an initial agreement with Iran this month to settle all their oil trade in rupees through India's UCO Bank, two Indian government sources said. Read the full story
Xiao Yaqing, head of the state assets regulator, said foreign businesses were welcome to buy stakes in China’s industrial juggernauts The push is part of mixed-ownership reforms aimed at making SEOs more competitive Read the full story
Carlyle Group billionaire co-founder David Rubenstein talks about the U.S. midterm elections and the implications for the Trump administration, the market implications of the spat between the world's two largest economies, and the killing of Saudi journalist Jamal Khashoggi. He speaks on the sidelines of the Bloomberg New Economy Forum in Singapore with Marty Schenker on "Bloomberg Daybreak: Asia." (Source: Bloomberg) Read the full story
Former Treasury Secretary Henry “Hank” Paulson talks about the disputes between the U.S. and China as he delivers opening remarks at the Bloomberg New Economy Forum in Singapore. (Source: Bloomberg) Read the full story
Expectations around a trade deal between China and the U.S. are on the rise, but fixing that relationship might not be enough to solve China’s growth conundrum or the problem of rising funding costs for emerging-market economies. Read the full story
The “deal dividend” promised to Britain by Chancellor of the Exchequer Philip Hammond looks further away than hoped after the U.K. Cabinet failed to make much headway on Tuesday. Read the full story
Germany's Finance Minister OlafScholz said on Tuesday the European Commission should revise itsplan for a EU-wide tax on large digital companies and stressedthe new levy should be applied only if there is no global dealby the summer of 2020. Read the full story
Italy will apply a national taxon digital companies if there is no deal on an EU-wide levy bythe end of the year, Finance Minister Giovanni Tria said onTuesday. Read the full story
Brexit secretary: 'We're negotiating' Read the full story
d
GLOBAL/NEWS/INFO
Today in History
ABC News
Today in HistoryRead the full story
10 Things to Know for Today
ABC News
Among 10 Things to Know: Democrats seize control of House, but Republicans hold Senate; Democratic House victory could have global implications for Trump; Massachusetts backs transgender rights; Michigan OKs marijuana useRead the full story
Heads of World Bank, IMF say risks of trade tensions growing
OIL/COMMODITIES/ENERGY
Gold prices are likely to remain volatile
LivemintNew York: It would take more than U.S. election upheaval to restart gold’s rally. That’s the view of money managers including Stephen Land of Franklin Templeton Investments, who say concerns that the Federal Reserve will continue raising interest rates will overshadow any short-term boost to haven demand from Tuesday’s midterm vote. The dollar and US-China relations are also likely to reassert themselves as gold catalysts, they say. Read the full story
Gold is back. That's a worrying sign
CNN BusinessGold has been a dud of an investment for much of the year, but it has started to regain some of its luster. Read the full story
EIA lifts U.S. crude output expectations, lowers oil-price forecasts
MarketWatchThe U.S. Energy Information Administration raised its 2018 and 2019 forecasts on U.S. crude-oil production, but lowered its price forecasts for U.S. and global benchmark crude oil, according to the agency's Short-term Energy Outlook report released Tuesday. The EIA sees 2018 domestic crude production at 10.9 million barrels per day, up 1.5% from the October forecast. It also lifted its 2019 output view by 2.6% to 12.06 million barrels a day. The EIA, however, cut forecasts on 2018 West Texas Read the full story
Oil plunges to a 7-month low
Business InsiderAn unidentified oil worker walks in front of a natural gas flame burning off in the Persian Gulf desert oil field of Sakhir, Bahrain. West Texas Intermediate crude oil was down more than 2% Tuesday to its weakest level in seven months. The United States on Monday granted sanction waivers to eight top buyers of Iranian crude oil. Watch oil trade live. (Reuters) - Oil prices fell on Tuesday, with U.S. crude futures sliding to a seven-month low a day after Washington granted sanction waivers to top Read the full story
Oil prices extend falls on well supplied market, Iran sanction waivers
ReutersOil prices fell on Wednesday to extend losses from the previous session, with markets well supplied amid rising production and U.S. sanction waivers that allow Iran's biggest customers to continue buying its crude. Read the full story
Oil prices drop after Iran sanction carve-outs
ABC NewsCrude oil prices briefly dipped into a bear market after President Donald Trump carved out some countries from U.S.-imposed sanctions on Iran Read the full story
Oil prices fall as API data reportedly show a hefty weekly rise in U.S. crude supplies
MarketWatchThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 7.8 million barrels for the week ended Nov. 2, according to sources. The API data, however, also showed supply declines of 1.2 million barrels for gasoline and 3.6 million barrels for distillates, sources said. Supply data from the Energy Information Administration will be released Wednesday. Analysts polled by S&P Global Platts expect the EIA to report a climb of 1.9 million barrels in crude supplies. They Read the full story
BANKS/BANKING/CREDIT
UK watchdog tells banks to release mortgage "prisoners"
ReutersBritain's financial regulator hastold banks to rescue thousands of borrowers "trapped" in poorvalue home loans, saying the authorities could intervene if needbe. Read the full story
Buying a house can send your credit score down. Here's how long it takes to recover
CNBCThe average credit score drops 15 points in the months after a consumer takes on a mortgage, although some homeowners have experienced a decline of as much as 40 points, new research shows. Read the full story
Wells Fargo executives knew auto insurance program was flawed: lawsuit
ReutersWells Fargo & Co executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge this week. Read the full story
Wells Fargo says internal error caused more home foreclosures than expected
ReutersWells Fargo & Co said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected. Read the full story
Standard Bank urges Brazilian firms to tap Africa market
ReutersSouth Africa's Standard BankGroup Ltd encouraged Brazilian engineering andconstruction firms on Tuesday to explore African opportunities,such as the world's largest liquid natural gas projects inMozambique. Read the full story
5 great benefits you might not realize your credit card comes with
Business InsiderChase Ink Business Preferred and Wells Fargo Propel are two of the best options if you're looking for cell phone protection through your credit card. Many credit cards have lesser-known benefits that can be extremely valuable like travel insurance, cell phone protection, airport lounge access, and more. These benefits vary significantly by card, so you'll need to look into the exact details about the card(s) you have or are interested in. We've listed some of our favorite cards with each benefit Read the full story
Bank Snags Top Barron’s Advisor Firm
Barron'sProvidence, R.I.-based Citizens Financial Group has a deal in place for Clarfeld Financial Advisors, a $6.6 billion-asset firm based just north of New York City. Read the full story
TREASURIES/BONDS/STOCKS
US Treasuries lead bond trading volume surge in Oct on stocks rout- Tradeweb
ReutersGovernment bond trading volumessoared last month, led by U.S. Treasuries, as a rout in worldstock markets boosted demand for safe-haven debt, tradingplatform Tradeweb said on Tuesday. Read the full story
GLOBAL MARKETS-Stocks edge up, dollar steady, as U.S. votes in midterms
Reuters* European shares dip as investors pounce on poor earnings Read the full story
Investors haven't been this pessimistic since the 2016 election, and it could lead to a big bounce
CNBCThe midterm elections are clouding the market's outlook on Tuesday, but one technician sees a bullish signal hiding in the charts. Read the full story
What’s Happened to the Stock Market After Every Midterm Election Since World War II
Barron'sIt’s good news for investors, even though Americans are on edge about politics. Read the full story
Investment banking practices, from unwise loans to the emphasis on derivatives, risk another financial crisis
South China Morning PostPeter Guy says recent disputes in HSBC and Deutsche Bank highlight the banking industry’s disease of risking implosion to focus on big profits Read the full story
CRYPTO'S / DIGITAL CURRENCY
Ethereum [ETH/USD] Technical Analysis: Cryptocurrency will continue to reside in the bull's kingdom
AMB CryptoEthereum, the second-largest cryptocurrency in the market, is rejoicing the bull's reign along with all the other major altcoins. The coin, which was previously trading below the $200-mark, has bounced back above it. According to CoinMarketCap, at press time, the coin was trading at $209.83 with a market cap of over $21 billion. The coin... Read the full story
[Update] Ripple (XRP) Leaps Higher As Bitcoin Falls -- Again Overtakes Ethereum
Forbes MagazineRipple (the informal name for the XRP tradeable token) has powered higher over the last 24 hours... Read the full story
This May Be The Time To Buy Cryptos While Blood Is Still In The Streets.
Forbes MagazineBitcoin's dominance has increased significantly and its volatility has dropped below the mainstream indices like S&P and Nasdaq. The bull rally could be just around the corner and we just need one factor to play its role Read the full story
This Bitcoin Price Chart May Give Early Warning of Next Bull Reversal
CoinDeskBitcoin's long-awaited bullish reversal could gather steam once prices cross key resistance near $6,650. Read the full story
CURRENCIES
Forex - Dollar Subdued as Midterm Uncertainty Weighs, Sterling Tracks Higher
Investing.com© Reuters. The dollar inched higher against its rivals on Tuesday. Read the full story
Forex - U.S. Dollar Steady As Midterm Elections Kickoff
Investing.com© Reuters. The U.S. dollar was flat on Tuesday. Read the full story
The dollar is really strong. That could hurt the economy
CNN BusinessThe dollar has enjoyed solid gains in 2018. But that's starting to eat into profits for blue chip US multinational firms. And the dollar may not be done rallying just yet given the Fed's rate hikes and President Trump's protectionist trade policies. Read the full story
Forex - Pound Hits 2-Week Highs on Brexit Deal Optimism
Investing.com
Forex Nov 06, 2018 13:52 GMT Investing.com - The pound rose to the highest level in two weeks against the dollar on Tuesday on the back of optimism that a deal on Brexit is close. GBP/USD hit highs of 1.3096, the most since Oct. 19, and was at 1.3077 by 08:33 AM ET(13:33 GMT), up 0.28% for the day. Sterling hit five-month highs against the euro, with EUR/GBP touching 0.8718 before pulling back to 0.8738. The pound climbed after BBC reporter Laura Kuenssberg tweeted that Britian’s Brexit Read the full story
Investing.com
Forex Nov 06, 2018 13:52 GMT Investing.com - The pound rose to the highest level in two weeks against the dollar on Tuesday on the back of optimism that a deal on Brexit is close. GBP/USD hit highs of 1.3096, the most since Oct. 19, and was at 1.3077 by 08:33 AM ET(13:33 GMT), up 0.28% for the day. Sterling hit five-month highs against the euro, with EUR/GBP touching 0.8718 before pulling back to 0.8738. The pound climbed after BBC reporter Laura Kuenssberg tweeted that Britian’s Brexit Read the full story
How the Trump-Xi phone call and rumours of a trade deal have provided short-term relief to the yuan, but cloud the long-term outlook
South China Morning Post
Hao Zhou and Esther Reichelt say the ‘very good conversation’ on trade between the US and Chinese presidents has eased market fears However, the market is hesitant to take the US president too seriously, and the Chinese currency’s outlook remains uncertain Read the full story
South China Morning Post
Hao Zhou and Esther Reichelt say the ‘very good conversation’ on trade between the US and Chinese presidents has eased market fears However, the market is hesitant to take the US president too seriously, and the Chinese currency’s outlook remains uncertain Read the full story
China's reserves fall, suggesting Beijing propping up yuan
ABC NewsChina's foreign currency reserves fall, suggesting Beijing propping up yuan to keep it from falling too far against the dollar Read the full story
INSURANCE / HEALTH / SCIENCE
First-of-its-kind surgery allows child with polio-like illness to walk again
CBS NewsNerve transfer surgery helps heal a young patient with acute flaccid myelitis, a rare, polio-like condition found most often in children Read the full story
Your Grandma may be old, but that doesn't mean you will be, researchers say
CNNThink you'll be around for a long time because Grandma lived to a ripe old age? Not so fast: Genetics has only a small impact on longevity, a new study involving more than 400 million people suggests. Longevity is mostly decided by lifestyle, with less than 10% down to DNA, according to the study, published Tuesday in the journal Genetics. Read the full story
Early bird or night owl? Sleep traits linked to breast cancer risk
CBS News
New research suggests women who love the early hours of the day are less likely to develop breast cancer Read the full story
MarketWatch
Politicians need to look at other barriers to health-care access too, writes J.B. Silvers, a former CEO of a health plan. Read the full story
9 Things You Think Are Signs Of Your Anxiety, But Actually Aren't
BustleThe feeling of anxiety is universal. Anxiety disorders, however, are much more complex. If you have been struggling with stress or worry, however, there are a lot of possible explanations. From other mental health diagnoses, to everyday stress,… Read the full story
Tarek El Moussa Needs Your Help Raising Awareness For This Great Cause
House BeautifulYou can do so by rocking a mustache this month. Read the full story
USA / CANADA
Here are two big tax breaks you shouldn't overlook
CNBC
It's not often the IRS gives something away, but these two powerful tax breaks are pretty sweet if you qualify. Find out if you do.
Where is the best place to live in America? All 50 states ranked
USA TODAY
24/7 Wall St. ranked states based on an index of three factors -- life expectancy, the bachelor's attainment rate among adults and the poverty rate.
Optimism in US trade talks with China?
Fox News
Former National Security Council Chief of Staff Fred Fleitz on the outlook for U.S. trade negotiations with China.
'The Economy Is Cooking, Baby!' HSBC's Bloom Backs the Fed's Path
BloombergDavid Bloom, global head of currency strategy at HSBC, explains why the Federal Reserve should continue on its path of hiking interest rates. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open." (Source: Bloomberg) Read the full story
Inflation Could Push U.S. 10-Year to 4% by 2020, Goldman's Swell Says
BloombergMike Swell, co-head of global fixed income portfolio management at Goldman Sachs Asset Management, discusses the potential rise of the U.S. 10-Year yield and warnings signs outside the U.S. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas." (Source: Bloomberg) Read the full story
Yellen Says Unclear Whether U.S. Has Tools to Deal with Emerging Risks
BloombergFormer Federal Reserve Chair Janet Yellen talks about the emerging risks in the financial system. She speaks at the Bloomberg New Economy Forum in Singapore. (Source: Bloomberg) Read the full story
EMERGING MARKETS
Emerging markets are making waves — here's what they are
Yahoo FinanceIf you aren't familiar with emerging markets, it's time to change that. Here's an explainer about what they are and how anyone can get invested. Read the full story
Investors and Dealers Increasingly Leverage MarketAxess for Global Emerging Markets Liquidity
GlobeNewswire
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, has seen significant adoption Read the full story
Liquidnet, the global institutional trading network, announced today that it has added emerging market bonds Source Read the full story
GlobeNewswire
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, has seen significant adoption Read the full story
Liquidnet Expands Fixed Income Trading Platform to Include Emerging Market Bonds
Global Banking & Finance ReviewLiquidnet, the global institutional trading network, announced today that it has added emerging market bonds Source Read the full story
Brazil biodiesel group seeks 10-pct retention on soy export earnings
Reuters
Ubrabio, a Brazilianassociation of biodiesel producers, presented on Tuesday aproposal for the government to retain 10 percent of earningsfrom soybean exports, in a program to help the local soybeancrushing industry. Read the full story
The deepening economic crisis in Venezuela means its government wants to get back its gold reserves worth more than $500 million. According to Reuters, Venezuelan authorities have approached the Bank of England in an attempt to repatriate about 14 tons of gold bullion currently held in the bank's vaults. The move is thought to be a response to recently announced sanctions by the US, which are aimed at disrupting the South American country's gold exports. Venezuela is aggressively selling its Read the full story
The European Union on Tuesday extended sanctions against Venezuela until November 2019 for what it said were human rights violations and undermining of democracy and the rule of law under President Nicolas Maduro. Read the full story
Reuters
Ubrabio, a Brazilianassociation of biodiesel producers, presented on Tuesday aproposal for the government to retain 10 percent of earningsfrom soybean exports, in a program to help the local soybeancrushing industry. Read the full story
Venezuela really wants its $550 million worth of gold back from the Bank of England
Business InsiderThe deepening economic crisis in Venezuela means its government wants to get back its gold reserves worth more than $500 million. According to Reuters, Venezuelan authorities have approached the Bank of England in an attempt to repatriate about 14 tons of gold bullion currently held in the bank's vaults. The move is thought to be a response to recently announced sanctions by the US, which are aimed at disrupting the South American country's gold exports. Venezuela is aggressively selling its Read the full story
EU extends Venezuela sanctions over democracy, rights violations
ReutersThe European Union on Tuesday extended sanctions against Venezuela until November 2019 for what it said were human rights violations and undermining of democracy and the rule of law under President Nicolas Maduro. Read the full story
Turkey warns US its Iran sanctions are 'dangerous'
AljazeeraTurkey has warned Washington against its new sanctions on Iran, saying isolating the Islamic Republic is "dangerous", Turkish Foreign Minister Mevlut Cavusoglu said on Tuesday. Washington this week imposed a second set of sanctions on Iran that aim to isolate the country's banking sector and slash its oil exports. Eight countries including Turkey have received a US waiver to continue importing Iranian oil. {articleGUID} "While we were asking (for) an exemption from the United States, we have Read the full story
Saudis tampered with CCTV cameras after Khashoggi murder: report
AljazeeraTurkish media have reported that staff at Saudi Arabia's consulate in Istanbul tried to dismantle security cameras to help cover up the murder of Saudi journalist Jamal Khashoggi. The pro-government Sabah newspaper reported on Tuesday that the Saudis tried to rip out the camera inside the consulate on October 2, the day Khashoggi was murdered. They also tried to tamper with cameras at the police security booth outside the building. Khashoggi, a former Washington Post columnist and critic of the Read the full story
The Saudis tried to rip out a security camera after Khashoggi murder, Turkish media says
VICEThe revelations are the latest in a pile of mounting evidence that Saudi officials are attempting to cover up the journalist's murder. Read the full story
Mohammed Bin Salman Launches First Saudi Nuclear Plant Project as Sanctions Bite on Rival Iran
NewsweekThe crown prince has threatened to develop nuclear weapons if Iran is able to do the same. Read the full story
Exclusive: Iraq close to deal with foreign firms to upgrade output, export capacity
ReutersIraq is in talks with international companies to help upgrade its oil production and export capacities and an agreement is to be reached soon, Iraqi Oil Minister Thamer Ghadhban said on Tuesday. Read the full story
Exclusive: Iraq waiting to gauge Iran oil shortfall ahead of OPEC meet - minister
Reuters
Iraq's Oil Minister Thamer Ghadhban said on Tuesday that the shortfall in oil supply caused by new U.S. sanctions on Iran had yet to be gauged ahead of an OPEC meeting next month. Read the full story
Israeli soldiers have wounded a young Palestinian man whose photo has become recognised worldwide as a symbol of Palestinian resistance. With a Palestinian flag in one hand and a slingshot poised in the other, the photo of 22-year-old A'ed Abu Amro has drawn comparisons with the iconic French Revolution painting, Liberty Leading the People. Abu Amro was taking part in protests at the northern Gaza border against Israel's 11-year-old land, air and sea blockade when Israeli troops intervened. Abu Read the full story
Reuters
Iraq's Oil Minister Thamer Ghadhban said on Tuesday that the shortfall in oil supply caused by new U.S. sanctions on Iran had yet to be gauged ahead of an OPEC meeting next month. Read the full story
Israeli army wounds 'iconic' Palestinian protester
AljazeeraIsraeli soldiers have wounded a young Palestinian man whose photo has become recognised worldwide as a symbol of Palestinian resistance. With a Palestinian flag in one hand and a slingshot poised in the other, the photo of 22-year-old A'ed Abu Amro has drawn comparisons with the iconic French Revolution painting, Liberty Leading the People. Abu Amro was taking part in protests at the northern Gaza border against Israel's 11-year-old land, air and sea blockade when Israeli troops intervened. Abu Read the full story
AFRICA
Zimbabwe: Millers Allay Bread Shortage Fears During Festive Period As $60 000 Wheat Imported
AllAfricaMutare The Grain Millers Association of Zimbabwe (GMAZ) has allayed fears of a looming bread and flour shortages during the forthcoming festive season, telling the media in Mutare weekend that the group has just imported 60 000 tonnes of wheat to meet the demand. GMAZ chairperson Tafadzwa Musarara visited Forbes Border post on Sunday to receive first batch of haulage trucks transporting wheat from the port of Beira to Harare. The trucks are complementing the National Railways of Zimbabwe (NRZ) Read the full story
Zimbabwe: Mugabe Sucked in to Gwanda Solar Project Saga
AllAfrica(Photo: Wicknell Chivayo/Facebook) Former President Robert Mugabe has been fingered in the Gwanda solar project saga which saw his former lieutenant, Samuel Undenge jailed for two years. Mugabe's name was mentioned in court after Noah Gwariro, former Zimabwe Power Company director testified against Undenge for authorizing a tender to Wicknell Chivhayo's Intratek Zimbabwe without bank guarantees. "It was during that time when I was still employed as the MD with ZPC and Intratrek was awarded a Read the full story
Zimbabwe: Women's Bank Failing Rural Women - Gender Commission
AllAfricaThe government has been urged to relook into the Women's Microfinance Bank's mandate to ensure rural women are not left out on financial inclusivity programs. Since its inception a few months ago, the bank has not helped marginalized women who continue to struggle to access loan facilities due to lack or improper collateral. Speaking at a two day National Symposium On Gender Equality and the Human Rights Of Women In Zimbabwe, Chairperson of the Zimbabwe Gender Commission, Margaret Read the full story
Zimbabwe: 93 Percent of Zim Exports Destined for Africa, Ncube
AllAfricaFinance Minister, Mthuli Ncube has revealed that 93 percent of the country's exports are destined for the African market as he urged local industry to up its game and take advantage of the vast international opportunities. He was addressing delegates at an Afreximbank trade briefing in Harare Monday morning. "In 2017, 93 percent of Zimbabwe's total exports were within Africa, with 63 percent of that destined for South Africa market alone. "In the same year, 53 percent of country's imports came Read the full story
Zimbabwe: Chamisa Readies Supporters for National Shut Down
AllAfrica(Photo: 263Chat) The opposition Movement for Democratic Change (MDC) President, Nelson Chamisa has vowed not to back off from his planned mass protests to force President Emmerson Mnangagwa's government out of power. Chamisa who is on a national tour, speaking to party supporters on the way forward following his electoral loss in the July 30harmonised elections told thousands of Beitbridge residents that he will soon give a signal on the envisaged action. "After touring the whole country I will Read the full story
UPDATE 2-Mozambique offers to share gas revenue in "tuna bond" restructuring
Reuters* Maputo strikes deal with 4 creditors of Eurobond holdergroup Read the full story
ASIA
Xi Jinping’s market opening pledges fail to impress European firms who have ‘heard it all before’
South China Morning PostThe European Chamber of Commerce expresses disappointment that president’s speech at the China International Import Expo offered few new ideas and no timelines for enacting past promises Group warns that EU businesses are starting to doubt Chinese promises Read the full story
India aims to sign pact with Iran for oil payments in rupees: sources
ReutersIndia aims to sign an initial agreement with Iran this month to settle all their oil trade in rupees through India's UCO Bank, two Indian government sources said. Read the full story
China’s state-owned firms are ready to welcome foreign stakeholders, says top state-asset watchdog
South China Morning PostXiao Yaqing, head of the state assets regulator, said foreign businesses were welcome to buy stakes in China’s industrial juggernauts The push is part of mixed-ownership reforms aimed at making SEOs more competitive Read the full story
Carlyle's Rubenstein Says China Is Best Place to Invest Outside of U.S.
BloombergCarlyle Group billionaire co-founder David Rubenstein talks about the U.S. midterm elections and the implications for the Trump administration, the market implications of the spat between the world's two largest economies, and the killing of Saudi journalist Jamal Khashoggi. He speaks on the sidelines of the Bloomberg New Economy Forum in Singapore with Marty Schenker on "Bloomberg Daybreak: Asia." (Source: Bloomberg) Read the full story
Paulson Says U.S., China Economic Tensions Reaching Breaking Point
BloombergFormer Treasury Secretary Henry “Hank” Paulson talks about the disputes between the U.S. and China as he delivers opening remarks at the Bloomberg New Economy Forum in Singapore. (Source: Bloomberg) Read the full story
Here’s why a trade deal might not save China’s economy or emerging markets
MarketWatchExpectations around a trade deal between China and the U.S. are on the rise, but fixing that relationship might not be enough to solve China’s growth conundrum or the problem of rising funding costs for emerging-market economies. Read the full story
EUROPE
What a Brexit Deal Can and Can't Do for the British Economy
BloombergThe “deal dividend” promised to Britain by Chancellor of the Exchequer Philip Hammond looks further away than hoped after the U.K. Cabinet failed to make much headway on Tuesday. Read the full story
Germany says EU should revise, delay digital tax plan
ReutersGermany's Finance Minister OlafScholz said on Tuesday the European Commission should revise itsplan for a EU-wide tax on large digital companies and stressedthe new levy should be applied only if there is no global dealby the summer of 2020. Read the full story
Italy to apply national tax on internet firms if no EU deal by year end- Tria
ReutersItaly will apply a national taxon digital companies if there is no deal on an EU-wide levy bythe end of the year, Finance Minister Giovanni Tria said onTuesday. Read the full story
Brexit secretary: 'We're negotiating'
Sky NewsBrexit secretary: 'We're negotiating' Read the full story
Hopes of Brexit deal but Theresa May tells cabinet not 'at any cost'
Sky News
Theresa May has told ministers she is confident of reaching a Brexit deal with the European Union, but stressed "this would not be done at any cost". Read the full story
Labour says it will vote down a ‘blind Brexit’ deal with no details about future relationship
The Independent
Labour will vote down any Brexit deal that does not contain details about what kind of trade deal Britain will have with the EU, Sir Keir Starmer has said. Read the full story
The Independent
Labour will vote down any Brexit deal that does not contain details about what kind of trade deal Britain will have with the EU, Sir Keir Starmer has said. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Thursday 11/8/18 did update on the indicative rates Sell Rate 1190
The currency auction is 192,318,556
There is one news and announcements.
1.Stop promoting new e-payment applications
November 08, 2018 Document Can't copy and paste article
November 08, 2018 Document Can't copy and paste article
Bank Articles:
Central Bank suspends licensing of electronic payment companies
08-11-2018 02:19 PM
Baghdad / News
The Central Bank of Iraq, on Thursday, to stop granting licenses for electronic payment companies for a period of 'one year'.
A statement issued by the bank said that "this came in accordance with the decision of the board of directors of this bank in its session No. 1575, which is dated November 2018, which confirmed that (the suspension of the promotion of new applications to grant licenses to electronic payment companies until 31/12/2019) .
New information about the Bank of Baghdad and the number of customers who are used to selling the currency
Editorial Date: 2018/11/8 7:30 • 179 times read
{Baghdad: Al-Furat News} The victim of the auction of currency in the {Bank of Baghdad} Mohammed Qasim, the exploitation of 438 customers at the sale of the currency and most of them do not know it.
"We are dealing as a company with a lot of government and private institutions, where we began to transfer remittances out of Iraq, according to the need to work since 2009 through the Bank of Baghdad."
"In 2015 we discovered some quotations in the Tax Authority are in the file of my name, starting with 100 thousand dollars until it reached one million and 150 thousand dollars without our knowledge and we also discovered that the amount more than this in the Central Bank."
Qassim pointed out that "since the discovery of the matter, we began to collect documents and complaints to the Central Bank and the Court of Integrity and the Court of Financial Supervision and the Court of First Instance Integrity Commission," revealing "the exploitation of approximately 438 customers between the name and company at the auction sale of currency and many of them so far do not know."
He continued that "the Bank of Baghdad took advantage of the lists in the lists of owners of companies from dealing and exploited, and some accounts that were converted in the form of {know your customer] is a practice of lying."
He drew Qassim to "meet with the governor of Baghdad on the subject and his response that he regrets what happened and asked the Bank of Baghdad to apologize," noting that "the State fined the bank amount of one million dollars and quoted a mitigating sentence of five accused, including three women in the bank."
"In 2015 we discovered some quotations in the Tax Authority are in the file of my name, starting with 100 thousand dollars until it reached one million and 150 thousand dollars without our knowledge and we also discovered that the amount more than this in the Central Bank."
Qassim pointed out that "since the discovery of the matter, we began to collect documents and complaints to the Central Bank and the Court of Integrity and the Court of Financial Supervision and the Court of First Instance Integrity Commission," revealing "the exploitation of approximately 438 customers between the name and company at the auction sale of currency and many of them so far do not know."
He continued that "the Bank of Baghdad took advantage of the lists in the lists of owners of companies from dealing and exploited, and some accounts that were converted in the form of {know your customer] is a practice of lying."
He drew Qassim to "meet with the governor of Baghdad on the subject and his response that he regrets what happened and asked the Bank of Baghdad to apologize," noting that "the State fined the bank amount of one million dollars and quoted a mitigating sentence of five accused, including three women in the bank."
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11-7-2018 Newshound Guru Adam Montana [Do you believe that the re-institution of Iran's sanctions, which limits where and to whom Iran can sell its oil, will result in an uptick in the price of oil? If this occurs, could this be a reason for the Iraq to consider RVing in the near term to take advantage of the higher price of oil?] That is certainly an angle I keep an eye on just to monitor my oil related investments, but I do not see it as a direct "hot button" that will prompt Iraq to RV. It will certainly have an impact on their bottom line, but it is not the "deciding factor".
11-7-2018 Newshound Guru chattels #Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur...Tune in tomorrow...
11-7-2018 Newshound Guru chattels #Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur...Tune in tomorrow...
11-7-2018 Newshound/Intel Guru Mnt Goat Article: "PROJECT TO BE DISCUSSED BY THE PARLIAMENT, REDUCING THE NUMBER OF VICE PRESIDENTS FROM THREE TO ONE" This article is one that I consider a WOW article. ...First we find out why Maliki has not yet been prosecuted for the fall of Mosul. Then we can see the political maneuvering by Maliki to save his own skin. Simply put – he wants the immunity and he needs the VP position. Secondly we see how they have not yet announced the three new VPs and want to change the constitution to have only one (1). But this will be very difficult to do since what tribe will the VP belong to? Right now its a balance between the three tribes as each Sunni, Sheite and Kurd is represented. We are told that they would be announced at the same time as the rest of the ministers. The count for the ministers is now up to 6 from 4 last week that are not yet ratified. There are a total of 8 still to be announced and voted on.
11-7-2018 Newshound Guru Adam Montana ..."Mahdi is cleaning house". YEP! The wheels are turning. The transition is rolling along, and that's the best news we can ask for. Keep it moving, Mahdi! I see all of this as a good sign. There are no major upheavals, nothing shocking, and nothing scary has happened in the last week. Things are proceeding smoothly...we DO have is solid progress...Stay patient, friends.
11-7-2018 Newshound Guru Breitling What did Iraq say they were going to do? They even told everybody how they were going to do it and the time period they are going to take to get the currency you and I have off the market and introduce the new currency that represent the higher rate that can interact with the rest of the world. There is a transition period in the middle of that. Nothing more. It’s not complicated. Everybody makes things more complicated than they really are. Everything is simple…always start with the intent of what the CBI wants to do. They want to add value to their currency…That’s it.
11-7-2018 Intel Guru Delta & Newshound Guru MilitiaMan IQD/USD (IQDUSD=X)
Previous Close 0.001
Open 0.001
Bid 0.001
Day's Range 0.001 - 0.001
52 Week Range 0.0008 - 0.0009
Ask 0.001
11-7-2018 Newshound Guru Adam Montana ..."Mahdi is cleaning house". YEP! The wheels are turning. The transition is rolling along, and that's the best news we can ask for. Keep it moving, Mahdi! I see all of this as a good sign. There are no major upheavals, nothing shocking, and nothing scary has happened in the last week. Things are proceeding smoothly...we DO have is solid progress...Stay patient, friends.
11-7-2018 Newshound Guru Breitling What did Iraq say they were going to do? They even told everybody how they were going to do it and the time period they are going to take to get the currency you and I have off the market and introduce the new currency that represent the higher rate that can interact with the rest of the world. There is a transition period in the middle of that. Nothing more. It’s not complicated. Everybody makes things more complicated than they really are. Everything is simple…always start with the intent of what the CBI wants to do. They want to add value to their currency…That’s it.
11-7-2018 Intel Guru Delta & Newshound Guru MilitiaMan IQD/USD (IQDUSD=X)
Previous Close 0.001
Open 0.001
Bid 0.001
Day's Range 0.001 - 0.001
52 Week Range 0.0008 - 0.0009
Ask 0.001
Now that is interesting movement in value and if it holds then, a international calculation can get applied to it in short order...IMO.
11-7-2018 Intel Guru Bruce ...We had back...this past Sunday...information that talked about dates. We had information that talked about the 7th and 8th, tomorrow [Wednesday] and Thursday. I feel like that is probably in the right realm where we should be. So I feel like we're in the place where things could happen. ...we know Iraq is done. We have a rate...that is solid on the front screens at the bank. It is solid and it reflects which is going to be seen if it is not seen already, on the CBI site... I think everything is coming together nicely...we are pretty much lined up and ready to start. [post 2 of 2]
11-7-2018 Intel Guru Bruce [via PinkRoses] ...yesterday we understood our President along with Steven Munchin, our Treasury Secretary, and Mike Pompeo, our Secretary of State that we had some interesting couple of phone calls in the morning with China, with President Xi and the Minister of Finance. They were very positive calls. As a result there was an encrypted letter sent all the way to the West coast, the Big R, and it was more or less, I believe, it was instruction of the timing to release everything. [post 1 of 2....stay tuned]
11-7-2018 Intel Guru Bruce [via PinkRoses] ...yesterday we understood our President along with Steven Munchin, our Treasury Secretary, and Mike Pompeo, our Secretary of State that we had some interesting couple of phone calls in the morning with China, with President Xi and the Minister of Finance. They were very positive calls. As a result there was an encrypted letter sent all the way to the West coast, the Big R, and it was more or less, I believe, it was instruction of the timing to release everything. [post 1 of 2....stay tuned]
11-6-2018 Newshound Guru Breitling Where do I get my information from? It comes from an authority…I’m getting my math, my information from the authority…from the people who say they’re going to revalue. The people who are in control of the country’s currency in Iraq. That’s it. If it doesn’t happen, it’s because of something they did. If it happens…it’s something they did. But I’m speculating on it because of something they said. And I believe they can do it. And I believe they’re going to do it. That’s it. My opinion is based on that information and that information only…my option is yeah, it’s worth speculating on. I believe that.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1-A (from PM Mahdi's website; posted only on Arabic side, not on English side)
Update on direct nomination results
Following up on the results of the direct nomination mechanism announced on October 12 and the next steps identified then, we are pleased to show the following developments:
1 - The selection of five ministers of independents applicants through direct nomination out of the 14 ministers who voted for you confidence in the House of Representatives
2 - Send CVs to 15,179 candidates distributed across different ministries to represent a basic database to be used in the selection of experts, specialists and volunteers as needed and without any additional financial burdens
3 - Send all problems and solutions proposed by 15,179 candidates through the portal to be studied in depth by the leaders and advisers of the relevant ministries to extract solutions and results and their application in line with the ministerial platform
4 - Directing ministries to communicate and benefit from applicants through channels of direct nomination as people and ideas, especially those who reached advanced stages of the evaluation process
5- Candidates are entitled to request the deletion of personal data, as desired by each of them, via the portal's e-mail, in reply to personal messages sent to each of them
Update on the results of direct nomination
Media Office of the Prime Minister
7 November 2018
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ARTICLE 1-B (from PM Mahdi's website; posted only on Arabic side, not on English side)
The Prime Minister, Mr. Adel Abdul Mahdi, pays tribute to the Iraqis, the Islamic nation, the great references and the whole world for the death of the Holy Prophet
"Muslims in these days recall the memory of the death of the noble Prophet Muhammad bin Abdullah peace be upon him and his family and companions, an occasion to recapture the values of the great prophecy and the noble message of the Prophet of Mercy and all the noble principles of humanity. To the enlightened light of truth, and on this occasion I can only support the Iraqis, the Islamic nation, the religious authority and the world at large, calling for the inspiration of the noble values and creation of the Prophet and to be a wonderful biography in all our steps and to work hard to consolidate the principles of justice, freedom and equality The sacrifice of our people, the sacrifice of our people, the sacrifice of our nation, the service of our citizens, the lifting of the injustice from them and the provision of all that would enhance the dignity of the people by providing decent living and employment opportunities, building the country and repairing the faults. And we pledge our people that we will work hard to preserve the dignity of our people and the unity of our country to go another step that establishes the features of a strong and healthy Iraq that respects its people and is respected by all.
Mr. Adel Abdul Mahdi
Prime Minister
7 November 2018
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ARTICLE 1-C (from PM Mahdi's website; posted only on Arabic side, not on English side)
Prime Minister Adel Abdul Mahdi received a phone call from German Chancellor Angela Merkel on Wednesday.
Prime Minister Adel Abdul Mahdi received a phone call from German Chancellor Angela Merkel on Wednesday.
During the meeting, they discussed enhancing the future cooperation between the two countries and the situation in the region.
Mrs. Merkel congratulated Mr. Adel Abdul Mahdi on the formation of the government, stressing Germany's support for Iraq at all levels, especially in the economic and military fields as well as the energy field and the contribution of German companies such as Siemens and other German in solving the problem of electricity in Iraq and other needs and projects.
For his part, the Prime Minister praised the role of Germany in understanding Iraq's position on the issue of sanctions imposed on Iran.
Merkel invited Mr. Adel Abdul Mahdi to visit Germany.
Media Office of the Prime Minister
7 November 2018
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ARTICLE 1-D (from PM Mahdi's website; posted on both Arabic and English sides)
Prime Minister Adel Abdul Mahdi receives Qatari Deputy Prime Minister and Foreign Minister Sheikh Mohammed bin Abdul Rahman bin Jassim Al Thani
Prime Minister, Adel Abdul Mahdi, received Wednesday Qatari Deputy Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassem Al-Thani and his accompanying delegation, which included a group of ministers and advisers.
During the meeting, they discussed boosting bilateral cooperation in various sectors, especially in the economic sector, in addition to the situation in the region.
Shaikh Mohammed bin Abdul Rahman Al Thani conveyed greetings and blessings of the Emir of Qatar Sheikh Tamim bin Hamad bin Khalifa Al Thani to Mr. Adel Abdul Mahdi on the occasion of the formation of the government and the desire of the State of Qatar to further enhance cooperation between the two countries.
The Qatari Deputy Prime Minister stressed that the participants are great between the two countries and that his country is looking forward to developing these relations, noting that Iraq has emerged after its victory over terrorism stronger and much more dependent on the next phase in economic and trade cooperation in the field of energy and others.
Mr. Adel Abdul Mahdi welcomed the guest delegation, stressing the importance of relations between the two countries and looking forward to expanding Iraq to other areas.
He added that the development of the economy, investment and job creation are priorities of our ministerial platform. Therefore, we are working for good relations with countries and facilitating investment procedures which will contribute to the development of the economy.
He added that Iraq is recovering and moving forward after defeating terrorism and dazzling the world. It is very important to provide the necessary investment environment to improve the country's situation in all sectors.
Sheikh Mohammed bin Abdul Rahman Al Thani, on behalf of the Amir of Qatar, invited Adel Abdul Mahdi to visit Qatar.
The Qatari delegation included Mr. Ali Ahmed Al Kuwari, Minister of Commerce and Industry, Mr. Ahmed Bin Mohammed Al Missned, Advisor to the Emir of the State of Qatar for National Security, Mr. Faisal bin Thani Al Thani, Chairman of Qatar Investment Authority and Mr. Khalifa Al Kuwari,
Media Office of the Prime Minister
7 November 2018
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ARTICLE 2
Maliki to the Foreign Minister of Qatar: We need you for this task
2018/11/8 0:03
[Ayna-Baghdad]
The head of the coalition of state law Nuri al-Maliki in his office on Wednesday evening with the Deputy Prime Minister and Foreign Minister of Qatar, Mohammed bin Abdul Rahman bin Jassim Al-Thani and the accompanying delegation the future of bilateral relations between the two countries and ways to strengthen them, and exchanged views on the latest developments and developments in the region.
"Iraq is open to all sisterly and friendly countries and to strengthen its relations in accordance with common interests," Maliki said during a meeting in Baghdad, adding that "the policy that has been pursued over the past years by maintaining excellent relations with all the countries of the region and the convening of the Arab summit in Baghdad Proved its success and made Iraq an effective force in the region. "
"We have succeeded in breaking the thorn of terrorism and eradicating criminal formations," he said, adding that "the next stage will be for stability and reconstruction in all regions of the country." Reconstruction and investment ".
For his part, the delegation expressed its pleasure at this visit. Al Thani conveyed greetings and congratulations to the Emir of Qatar, Tamim bin Hamad bin Khalifa Al-Thani, on the occasion of the formation of the government and Qatar's desire to enhance cooperation between the two countries in various fields.
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ARTICLE 3 (from Government of Iraq twitter account):
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ARTICLE 4
This will be included in the parliament session tomorrow
2018/11/7 15:41
[Ayna-Baghdad]
The House of Representatives will discuss the phenomenon of fish deaths in its meeting on Thursday, in addition to the formation of its parliamentary committees.
"A meeting tomorrow will include voting on an investigative committee on the election of the governor of Babylon," a statement by the House of Representatives Information Service said.
"We will also discuss the deaths of fish in the presence of the competent ministers [Minister of Agriculture, Health and Environment]."
The statement said that "the meeting will also include the formation of permanent parliamentary committees of the House of Representatives."
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ARTICLE 5
Vito Sadr and other reasons impede the granting of confidence to the candidates of the eight bags in Thursday's session
The Iraqi political forces, until Thursday morning, were unable to reach an agreement on the remainder of the government's formation of Prime Minister Adel Abdul-Mahdi, while ruling out MPs could enable the parliament to resolve the vote on the remaining eight ministers, During the meeting scheduled for this afternoon.
According to the deputies of the Alliance for Reform and Reconstruction, "parties in the coalition put a veto on the candidates to appoint a number of ministries in the government of Abdul-Mahdi," referring to "the alliance," Sawson "backed by Moqtada al-Sadr set a red line can not be overcome in the face of the candidate of the" building " , Faleh Fayad.
The sources pointed out that "there is an objection by the Sadrist bloc and other deputies, to grant the Ministry of Culture to the candidate Asaib Ahl al-Haq also included in the construction coalition, which led to a general discontent among the leaders and deputies of the construction coalition."
And excluded the parliamentary sources, that "the parliament can resolve the file of eight ministries left in the composition of Abdul Mahdi during the meeting today Alkkhamis, pointing to the failure of dialogues of convergence of views, because of deep differences on the ministers.
In turn, ruled out the Iraqi parliamentarian Ahmad Jubouri parliament was able to resolve the vote on the eight ministers during Thursday's session, pointing out in a press statement to the existence of differences has not been resolved so far on the ministries, especially the security ones.
Jubouri pointed to the presence of more than one party demanding the Ministry of Defense, pointing out the failure of dialogues on them, despite the continuation of several days.
In the meantime, the Iraqi parliament is preparing to hold a meeting on Thursday afternoon, to discuss several things, including the budget in 2019.
In the context of the representatives of the Kurdish forces in parliament meeting aimed at unifying their positions on a number of important issues before the parliamentary session, such as voting on the rest of the ministers, the share of the Kurdistan region of the budget, and the formation of parliamentary committees.
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ARTICLE 6
KUWAIT: Iraq has paid three installments of compensation this year and the rest $ 4.4 billion
KUWAIT CITY: November 8 - Kuwait's debts to Iraq are worth $ 4.4 billion and must be repaid in the future, Kuwait's Al-Watan newspaper reported on Thursday.
He added that "this year Kuwait received three payments of compensation of $ 90 million each took place in April and July and last October, in accordance with the mechanism of payment stipulated in decision 267 of 2009," adding that "With these payments will be the remaining amount in favor of Kuwait 4.4 billion And should be repaid in the future. " End Ah
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