Friday, December 21, 2018

WOTS Friday 12/21/18

WOTS Friday 12/21/18






WOTS Friday 12/21/18:
 
Forex Rates: 
 
 
SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,168.8000  1,221.2000 1,168.8000 1,168.8000 1,168.8000  0.0000 20:00
 USD/VND  23,248.5000  23,318.5000 23,248.5000 22,987.7000 22,987.7000  260.8000 03:24
 USD/CNY  6.9035  6.9055 6.9057 6.8778 6.8841  0.0194 04:40
 USD/KWD  0.3029  0.3049 0.3037 0.3027 0.3035  -0.0006 04:38
 GBP/USD  1.2666  1.2668 1.2696 1.2645 1.2662  0.0004 04:40
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  14,598.0000  14,607.0000 14,603.0000 14,448.0000 14,488.0000  110.0000 04:40
 
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DC NY Iraq Articles:ddd
 
Coalition victory: We expect the completion of the rest of the ministries and the need to evaluate the work of the government
 
 
Friday December 21, 2018 
 
BAGHDAD / The coalition of "victory" led by former Prime Minister Haider Abadi, on Friday, the need to succeed and assess the work of the government of Adel Abdul-Mahdi, "despite not participating in it," while noting the expectation to complete the rest of the ministries according to "competence, integrity and experience," rejecting At the same time the principle of breaking the wills and bringing the country into political conflicts.
 
"The meeting discussed the overall political, security and economic situation in the country, discussions on the completion of the government formation, the financial budget, the upcoming legislative work and the laws that serve the different segments of the country and the parliamentary committees," the media office said in a statement.
 
The meeting stressed that "the victory coalition and from its keenness to maintain the achievements achieved during the last period, it will work hard through its deputies to support the trends and endeavors that maintain the security and stability of the country and the reconstruction of cities in all provinces and provide services and employment opportunities and maintain the position of Iraq in society International "level.
 
With regard to the work of the government and the completion of the government, the statement pointed out that "the victory coalition stresses that, although not participating in this government, but will work hard to make it successful and assess its work to ensure that provide what serves the citizen," pointing out that " Ministries and the mandate of their choice to ensure efficiency, integrity and experience and rejected the principle of breaking the wills and not to enter the country in political conflicts paid for by the citizen. " Finished d

Deputy: We expect from Abdul Mahdi administrative system prevents any minister from manipulation

 
Date of release:: 2018/12/21 6:00  154 times read
 
(Baghdad: Al-Furat News) Deputy for the coalition of victory, Prime Minister Adel Abdul-Mahdi, called for the restructuring of the administrative system of the state.
"We expect Abdul Mahdi to take serious steps in the process of change and appointment and to build a good administrative system in which we can return the structure and vote on it in the parliament so that any minister comes to the ministry can not change or manipulate that structure," Taha al-Dodi told AFP. 
"If the proxy operations are followed, we will have to submit to the process of political quotas on the basis of parties and components," he said, adding that "the prime minister announced in his government program to take steps to study the restructuring of the state and consider ending this file." 
"It is difficult to implement these steps because they need time and political will," he said, noting that "some changes will occur, but they will not be 100%." 
Prime Minister Adel Abdul Mahdi, has vowed in his government program to end the file of proxy appointments within six months of the life of his government 

Oil prices jump after recording the lowest price in a year

 
Date of release: 2018/12/21 10:50  228 times read
 
{International: Al Furat News} Oil prices jumped on Friday after falling 5% in the previous session, on signs that OPEC production cuts, which will start next month, will be larger than expected.
Oil prices were the lowest in a year. 
Brent crude <LCOc1> rose 27 cents, or 0.5 percent, to $ 54.95 a barrel by 08:48 GMT, after falling $ 2.89 in the previous session. 
Brent is down 9.4 percent this week. 
US WTI crude futures rose 33 cents, or 0.7 percent, to $ 46.22 a barrel. WTI is heading down about 9.5 percent this week. 
The Organization of the Petroleum Exporting Countries (OPEC) plans to publish a schedule detailing cuts in the production of its members and allies in an effort to raise crude prices, FAO Secretary-General Mohamed Barkindo said in a letter seen by Reuters on Thursday. 
Barkindo said that in order to achieve the target of reducing production by 1.2 million barrels per day, the actual reduction of member states will be 3.02 percent. 
That is above 2.5 percent as OPEC seeks to absorb the countries exempted from the cut: Iran, Libya and Venezuela.

Analysts: Iraq is studying a field role in Syria to fill the American vacuum

 
Editorial Date: 2018/12/21 9:09  240 times read
 
{International: Euphrates News} strongly promoted information in the capital Baghdad on the structure of the United States to move its troops from Syria to the city of Erbil, after its decision to withdraw its troops from the east of the Euphrates, while analysts go that "Iraqi forces may play a field role in the Syrian territory in the next phase To fill the vacuum left by the American withdrawal. "
According to senior political sources in Erbil for the "Arabs" that "the government of Kurdistan, has not received any US notification related to the intention of transferring troops from Syria to the territory of the Kurdish region in Iraq," asserting that "the US military presence in the Kurdistan region of Iraq, "He said. 
According to Iranian media, the United States has five bases in the Kurdish region of Iraq, which is denied by the provincial government, which confirms that the only headquarters of the US military, in cooperation with the international coalition, in Kurdistan, located within the security zone of Erbil airport, with a few sites for small supply and control , Do not live up to being military bases. 
"The Iraqi government and the Kurdish political leadership may be involved in discussions with the United States about filling the potential void in some areas of Syria, which are covered by a plan of return," the sources said. Proliferation ". 
The Iraqi forces and the Kurdish Peshmerga may have a temporary role in the process of filling the vacuum that will result from the implementation of the redeployment plan in Syria, according to the sources, which say that the American plan will be accompanied by a change in the positions of the French forces and the Syrian Democratic forces in the eastern region From Syria, which borders the Iraqi border to the west. 
Military experts say that "the United States is trying to vent Turkish congestion of the Kurdish military presence in the Syrian east, by allowing new forces to play temporary security roles in the region, pending arrangements to satisfy the various parties." 
Ankara refuses to allow Syria's democratic forces, a US ally, to be part of any security arrangements in Syria, and have already attacked their positions more than once. 
Earlier this month, Iraqi forces filled security spaces on the Syrian border, which resulted from attacks led by an organization calling on the forces of the Syrian Democratic Forces and forcing them to withdraw on the threat of Turkish attack. 
The US redeployment plan, coupled with the neutralization of Syria's democratic forces on the Eastern Front, could contribute to calming Ankara, but the military alternative would come from Baghdad or Erbil, if convinced by the United States, with limited military intervention in Syrian territory, Iraq. 
Iran is monitoring these developments, especially with regard to the military role that Baghdad or Erbil may play in the Syrian front, but it is interfering with "the need to strengthen the American presence in the Kurdistan region of Iraq, and what it is very sensitive," observers said. 
Iranian media say the US withdrawal from Syria is contingent on the United States maintaining its right to intervene at any time in Syria, against a pre-emptive organization, or to protect its interests, adding that it serves as a cover for building the largest US base in the Middle East. 
The Iraqi political analyst Hisham al-Hashemi said that "the news of the US-Kurdish understanding on the new arrangements in the eastern region of Syria is traded, but it is not confirmed, while Baghdad and Damascus are silent." 
He added that "any understanding of this kind will be temporary, pending the end of the battles in Deir Ezzor"

Another promise to the Ministry of Electricity for the next summer

 
Release date: 2018/12/21 7:30  669 times read
 
{Baghdad: Al Furat News} The Ministry of Electricity has launched a new promise of its preparations for the summer season.
The director of media and relations of the General Electricity Distribution Company in Baghdad, Ahmed Musa, told the {Euphrates News}, "The ministry has stumbled with the erosion of 6 thousand and 700 megawatts of electricity, which is a loss on the ministry, but are improving the reality of energy," noting that "the Prime Minister is in constant contact with us And we have plans for preparation for the next summer will rise by the reality of electricity and long-term strategic plans. " 
He added that "the electricity project is a national security file in respect of collection companies," noting that "the new ministry formed committees to study the companies lagging and letters of guarantee and continued some contracts, including separated and others are in the process of study." 
Moussa stressed that "we do not underestimate the right of one and contracted with companies for a year on the basis of the experiment and then decided to continue or the ministry to terminate the contracts by mutual consent," noting that "the conditions of the Ministry of Electricity varies from air and terrorism and gas cessation and increased demand for energy and the financial budgets obtained by the ministry, Operational and not investment and these reasons are hindered by processing. " 
He noted that "the recent earthquake caused damage to the carrier gas pipeline from Iran and stop work." We have 210,000 of the 800,000 transformers in Baghdad and we can not provide the necessary energy for the citizens because of the reasons mentioned above. 
The Minister of Electricity, Luay Khatib, said in a meeting of Parliament on Thursday, "the completion of the ministry during the first quarter of next year to develop the strategy and plan of the Ministry for the year 2019-2020 as well as the development of an energy plan to extend until 2030, explaining that the ministry is reviewing contracts with companies collecting And finish them at the end of this year. " 
He explained that the major problems related to transport and distribution, as the ministry will complete the report on the work of tax collection companies and the maintenance of contracts within two weeks, especially that the collection amount expected for 2019 is two trillion dinars, while the collection in 2018 amounted to now about 350 billion dinars, indicating the pursuit of Abram An agreement with other Chinese and international companies to develop the infrastructure and turn the air networks to the ground
Kauaihn Iraq Articles:dd

Deficit in Iraq's 2019 budget estimated at $27.5 trillion

 
Friday، 21 December 2018 10:41 AM
 
Iraq's parliament on Thursday finished the first reading of the draft of the budget for the fiscal year 2019, in the presence of 246 deputies and Electricity Minister Loay al-Khatib.

The revenues of the 2019 budget is estimated at about 150.6 trillion Iraqi dinars according to the estimated revenues from the export of crude oil on the basis of the rate of $56 per barrel, and an export rate of 3,880,000 barrels per day.

The estimated expenditures amount at about 133.1 trillion dinars, while the total deficit planned estimated at 27.5 trillion dollars.

During the session, the parliament, headed by Mohamed al-Halbousi, voted on the functions and competencies of the different parliamentary committees.

Khatib said that a plan has been prepared during the past 50 days including the agreements concluded with the banks, noting that the ministry is about to conclude agreements with the concerned authorities in the electricity sector in less than a month.

Khatib announced that the ministry during the first quarter of next year will develop the strategy and plan of the ministry for the year 2019-2020 as well as the development of energy plan to extend until 2030

US-led anti-ISIS coalition shells caves in Kirkuk

 
21 December 2018 12:43 AM
 
The US-led international anti-ISIS coalition shelled suspected caves and hideouts in west Kirkuk, which the coalition thinks ISIS elements may be hiding inside, a source said.

The artillery shelling carried out by the coalition targeted caves in a mountain in Kirkuk's Makhmur, the source said in a press statement.

The information indicates the presence of a large number of ISIS elements hiding in this mountain range, the source, who asked not to be identified, said.

The aircraft of the US-led coalition against ISIS carried out 11 raids in November on targets in Hajin, expecting that the leader of ISIS, Abu Bakr al-Baghdadi, was somewhere there, sources said in a press statement.

A political agreement to replace the candidates of the remaining five ministries, including the interior and defense

21-12-2018 10:12 AM
Baghdad / News
Al-Fateh alliance has agreed to reach an agreement with the reform to replace the candidates of the remaining five ministries, including the interior and defense, to be presented at next Saturday's session .
"The coalition of the building reached understandings with the Alliance of Reform around the remaining five ministries," MP Abdul Amir Najm said in a statement .
He added that "the talks yesterday, reached a final agreement to replace the candidates of the remaining five ministries, including the interior and defense ."
Najm said that "has not been agreed on alternative names so far," noting that "the coming hours will be resolved the names of candidates and replace them with a session next Saturday . 

Al-Fath: There is no agreement to replace Fayadh with team Mowaffaq Abdul Hadi

21-12-2018 12:02 PM
Baghdad / News
Al-Fath alliance denied on Friday that there was an agreement with the reform alliance to replace Faleh al-Fayadh with Mowaffaq Abdul Hadi .
The MP for the Alliance Abbas al-Zamili said in a statement that "the Fatah alliance did not make any agreement on the replacement of Interior Ministry candidate Faleh al-Fayadh another candidate ."
He added that "there are no agreements to come in person from inside the Interior Ministry to be appointed Minister of the Interior, instead of Faleh Fayyad, the prime minister's candidate for the post in question ."
He pointed out that "some media reports of an agreement between the Fatah and the reform to replace Fayadh with the team of Muwaffaq Abdul Hadi, Undersecretary of the Interior Ministry for police affairs, is inaccurate and shameful ."

Q: Provincial councils can not be extended for more than six months
MP of the Fatah Alliance Haneen Qaddo, on Friday, that the extension of the work of the current provincial councils, is not possible and can not be extended for more than 6 months maximum .  
"The House of Representatives should have a real position on the law and the new date, as there are those who demand a freeze on the work of members of the provincial councils and those who demand an extension," Qado said in a press statement .
Qadu said that "the freeze of its work until the holding of new elections may be at the end of next year, especially that the problems currently in a number of provincial councils is an extension of the problems and conflicts and try to impose the wills within the House of Representatives
Kauaihn Economic Times:
 
ECONOMIC TIMES / CHATTER

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GLOBAL/NEWS/INFO

Today in History
ABC News
Today in History Read the full story


Wayne T. Essex Essex and Associates Inc.
Here are some of the more important things that you need to know.

For Individuals

With so many major disasters, fires, floods and plagues around the country, it is important that you save important tax information in the cloud.

No more deduction for moving expenses - except for active duty military - thank your elected officials for this one.

Are you buying alternative powered vehicles hoping for a big tax credit? Beware, at least one vehicle (Tesla) has sold so many than the credit is being phased down. In any case, if your tax liability isn't high enough - you won't be able to use some, or any, of the credit.

New tax law is confusing when it comes to employee Achievement Awards. Cannot give cash or anything cash-like.

Farmers have some new, and more liberal, accounting and deduction rules. This IS worth exploring - for all my farm clients.

Security Issues

Employers need to be very careful. There is a W-2 scam floating around. NEVER, and I repeat, NEVER provide any information to someone who contacts you by email unless you actually know who it is and what the request is for. Even then, call the individual directly, in case their email account has been copied or stolen.

It's time to establish stronger passwords on all accounts - and don't use the same password everywhere. Unlike what you see in movies and CSI/NCIS-type shows, it's not that easy for anyone to hack passwords that have random numbers, upper-and lower-case letters and special characters. THAT and, at least 8 digits will help protect you.

OIL/COMMODITIES/ENERGY

2019 Could Be a Great Year for Gold Miners
TheStreet
The gold miner rally is alive and well as we head into the new year. Markets are playing it cool Wednesday morning, holding positive territory ahead of the Fed's 2:00 p.m. rate hike decision. Broadly, investors expect the Fed to hike rates by 25 basis points - markets are pricing in about a 67% probability of a hike as of Wednesday morning - but hope that a revised dot plot could hint at Jay Powell and company hitting the brakes on additional hikes for 2019. The decision could have a big Read the full story

PRECIOUS-Gold holds close to five-month peak ahead of Fed
Reuters
(Updates prices) Read the full story

METALS-Copper rebounds on hopes a Fed rate pause will lift demand
Reuters
(Adds analyst comment, updates with official prices, changesdateline from BEIJING) Read the full story

Oil crashes through the floor
Axios
The commentary atop the IEA's monthly oil market report a week ago was headlined "A floor under prices?" and said Brent crude "seems to" have found one around $60-per-barrel. That question mark, in retrospect, is doing lots of work. Read the full story

GRAPHIC-U.S. shale output growth should offset OPEC cuts in 2019
Reuters
Surging U.S. crude oilproduction will offset OPEC’s output cuts aimed at rebalancingthe market as soon as the end of next year - undercutting thegroup's efforts as shale producers ramp up output regardless ofthe price environment, forecasts show. Read the full story

BANKS/BANKING/CREDIT

Federal Reserve desperately wants to get to neutral: ConnectOne Bank CEO
Fox Business
ConnectOne Bank CEO Frank Sorrentino on the outlook for the Federal Reserve's interest rate hikes, the impact of the hikes on the U.S. economy and lending and Experian's update to its credit score model. Read the full story

EU takes step to boost monitoring of money laundering at banks
Business Insider
By Francesco Guarascio BRUSSELS (Reuters) - European Union governments have reached a preliminary deal to clamp down on money laundering by strengthening bank supervision through the European Banking Authority (EBA), the EU said on Wednesday. The EU has been beset by money-laundering scandals this year, including probes into 200 billion euros ($229 billion) of payments made through Danske Bank's Estonian branch, the collapse of Latvia's ABLV Bank and the closure of Malta's Pilatus Bank. The Read the full story

Fed likely to raise interest rates for 4th time this year
CBS News
The U.S. central bank has faced pressure from the president, and some investors, to slow down its interest rate increases Read the full story


TREASURIES/BONDS/STOCKS

Fed decision could be game changer for markets: Wells Fargo
CNBC
Wells Fargo's Michael Schumacher believes Wednesday's Fed decision will calm Wall Street jitters. Read the full story

COLUMN-Trade slowdown coming at worst time for world economy, markets: McGeever
Reuters
(The opinions expressed here are those of the author, acolumnist for Reuters.) Read the full story

10-year Treasury note yield hovers near 2.80% ahead of Fed decision
MarketWatch
Treasury yields are holding their ground on Wednesday as traders await the Federal Reserve’s policy decision in the afternoon, with the central bank expected to raise rates by a quarter percentage point. Read the full story

Top 5 Things to Know in the Market on Thursday
Investing.com
Economy Dec 20, 2018 10:55 GMT Investing.com - Here are the top five things you need to know in financial markets on Thursday, Dec. 20: 1. Less Dovish Fed Spooks Markets The Federal Reserve raised rates and kept most of its guidance for additional hikes over the next two years, spooking markets that were hoping for a more dovish policy outlook. The U.S. central bank hiked interest rates by 25 basis points on Wednesday, its fourth increase this year, while forecasting two more rate hikes for 2019 Read the full story
Is Wall Street signaling a U.S. recession ahead?
CBS News
The stock market's tumble could be an ominous warning or just misguided – here's where to look for the signs Read the full story

GLOBAL MARKETS-World stocks and oil scramble higher after plunge
Reuters
* All eyes on Fed meeting, markets wager on a "dovish" hike Read the full story

The first no-fee ETF is coming next year, and it could come from one of these 4 firms
Business Insider
The first exchange-traded fund without fees will launch next year, predicts Todd Rosenbluth, the head of ETF and mutual fund research at advisory firm CFRA. Fidelity launched no-fee mutual funds this year, which drew in nearly $1 billion in flows in their first month. Rosenbluth highlights a few firms that could be the first to zero-fee ETFs, including Invesco and Charles Schwab. Next year could see the first free exchange traded fund, as fees has ticked to near-zero in recent years, one Read the full story


CRYPTO'S / DIGITAL CURRENCY

Will Ripple's XRP Thrive In 2019?
Forbes
Can Ripple’s XRP dominate the crypto world going in 2019? Among the top three coins, Ripple’s team has adopted the best strategy so far and XRP is much more stable now. Read the full story

Michael Novogratz Predicts Bitcoin Declines Won't Get (Too Much) Worse
Bloomberg
Michael Novogratz doesn’t expect Bitcoin’s price declines to deepen much more, despite a dismal run for virtual currency investors in 2018. Read the full story

Bitcoin rallies 10%, extending this week's gains after months of crypto carnage
CNBC
Bitcoin was trading above $3,800 on Wednesday, bringing its three-day rally to 22 percent. Read the full story

Watch Lambos Battle for Crypto in This 'War Riders' Gameplay Trailer
CoinDesk
Cartified's new game lets feuding vehicles duke it out for ERC-20 tokens. And you can watch a preview here. Read the full story

CURRENCIES
Livemint
The rupee continued its uptrend against the US dollar today, extending its advance against the greenback. The rupee had posted its biggest single-day advance against the US dollar on Tuesday. The rupee today opened at Rs 70.05 against the US dollar at the Interbank Foreign Exchange and advanced further to 69.85 against the US dollar, its highest since December 3. In recent trade, rupee was trading higher at 70.18 against the US dollar, as compared to its Tuesday’s close of 70.44 a dollar. On Read the full story

Swedish krona climbs after first interest-rate hike in seven years
MarketWatch
The Swedish krona climbed against the dollar and the euro on Thursday after the Riskbank, the country's central bank, hiked interest rates for the first time since July 2011. On the the heels of a Federal Reserve interest rate hike, the Riksbank lifted its repo rate to negative 0.25% from negative 0.5%. In a statement on its website, the bank said monetary policy must still "proceed cautiously," saying the new repo rate will mean "monetary policy is still expansionary and will thereby also Read the full story

Forex - U.S. Dollar Falls Amid Expectations of Fed Hike
Investing.com
Forex Dec 19, 2018 15:21 GMT Investing.com - The U.S. dollar was lower on Wednesday as investors wait for the Federal Reserve to raise interest rate hikes later in the day. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.57% to 96.06 as of 10:21 AM ET (15:21 GMT). The Fed is expected to increase rates by 25 basis points for the fourth time this year at 2:00 PM ET(19:00 GMT). Investors will be watching for any new comments on Read the full story

Forex - Dollar Slips After Fed Decision; Yuan Also Falls
Investing.com
Forex Dec 20, 2018 06:08 GMT Investing.com - The U.S. dollar slipped on Thursday in Asia after the U.S. Federal Reserve raised rates as expected. The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.1% to 96.393 at 1:00 AM ET(06:00 GMT). Overnight, the central bank took the target range for its benchmark fund rate to 2.25-2.5% on Wednesday while forecasting fewer rate increases in 2019 than it had at its September policy meeting. U.S. stocks stumbled up Read the full story

Rupee back below 70 a US dollar after biggest gain in 5 years
INSURANCE / HEALTH / SCIENCE

Brain confetti -- why our sense of smell declines in old age
SCIENMAG
Credit: © Helmholtz Zentrum München In mammals, generation of new neurons (neurogenesis) is mainly limited to early childhood and occurs in adulthood only in a few regions of the forebrain. One such exception is olfactory neurons, which develop from stem cells via several intermediate stages. "The production of these neurons diminishes with advancing age. In... Read the full story

Alterations detected in brain connectivity in patients with type 1 diabetes
SCIENMAG
A study carried out by the UB shows the patients' brain adapts to cognitive changes caused by the diseaseCredit: UB Patients with Type 1 Diabetes (T1D) have a brain connectivity network different from the healthy people, according to a new study led by researchers of the Institute of Neurosciences and the Institute of Complex Systems... Read the full story

Diabetes drug could be used to treat common heart failure syndrome, study suggests
SCIENMAG
Credit: iStock.com/theasis Researchers at the University of Arizona have discovered that metformin, a drug commonly used to treat type 2 diabetes, might also be used to treat heart failure with preserved ejection fraction (HFpEF), a condition that is predicted to affect over 8% of people ages 65 or older by the year 2020. The study,... Read the full story

New cervical cancer test could 'revolutionise' screening
Sky News
A cheaper cervical cancer test that "astounded" researchers detected 100% of cancers that developed in more than 15,500 women during its trial. Read the full story

Why is romaine riskier than other kinds of lettuce?
USA TODAY
Three E. coli outbreaks tied to romaine lettuce in 2018 have changed the way we look at romaine lettuce. Is romaine riskier than other greens? Read the full story


USA / CANADA
Senate passes stopgap resolution to avoid government shutdown
NBC News
The Senate has passed a continuing resolution to keep the government funded until February to avoid a government shutdown just before Christmas. Read the full story

McConnell to introduce bill to avert government shutdown
POLITICO
The bill will fund the government through early February. Read the full story

US Senate passes sweeping criminal justice reform bill
BBC News US
The First Step Act is intended to address concerns that America locks up too many of its own citizens. Read the full story

The Trade War Takes Off
Morning Brew
President Trump built a wall in 2018. But it wasn't along the U.S.-Mexico border...it was a wall of tariffs dividing the U.S. from the rest of the world. This year, the trade war myth became reality. The main target was China. Since July, the U.S. has imposed tariffs on $250 billion of Chinese imports, and... Read the full story

Trump can’t have his tariffs and the stock market too
POLITICO
The president’s continuing obsession with the stock market could force him to cut a trade deal with China. Read the full story

A test drive in the tunnel Elon Musk hopes will solve L.A. traffic
CBS News
At only 12 feet in diameter, "CBS This Morning" co-host Gayle King found it a bit more claustrophobic than most transportation tunnels Read the full story

EMERGING MARKETS


EAST

US preparing for 'full' and 'rapid' withdrawal from Syria
CNN Politics
Planning is underway for a "full" and "rapid" withdrawal of US troops from Syria, a US defense official told CNN Wednesday. Read the full story

Russia embraces Trump's Syria pullout, though some are skeptical
My San Antonio
(Bloomberg) -- Russian officials expressed cautious enthusiasm for U.S. President Donald Trump’s surprise decision to pull troops out of Syria, with some suggesting the news was too good to be true. Read the full story

Trump briefed Netanyahu on Syria pullout
Axios
President Trump updated Israeli Prime Minister Netanyahu in a phone call on Monday about his decision to pull U.S. forces out of Syria, Netanyahu said today in a statement. Netanyahu said both Trump and Secretary of State Mike Pompeo reassured him the U.S. will still have other ways to influence the situation in Syria even without forces on the ground. Read the full story

Saudi stocks plummet, Dubai index rebounds from worst day
Aljazeera
Saudi Arabia's stock market plummeted following an oil price drop and the 2019 budget release, while Dubai's index rebounded from this year's worst performance in the Middle East and North Africa. Wednesday's 1.1 percent drop in the Saudi stock index - its biggest one-day fall since late November - came after brent crude oil fell below $56 a barrel to its lowest level in more than a year. Saudi Basic Industries shares dropped 2.4 percent and Al Rajhi Bank shed 1.4 percent. The state budget Read the full story

Messy multibillion-dollar weapon sale between Turkey, Russia and US
CNBC
Russia will deliver its S-400 missile defense system to Turkey despite the U.S. State Department's decision to sell a rival platform to Ankara for $3.5 billion. Read the full story


Iran, Iraq in Talks for Trade in Own Currencies
The central banks of Iran and Iraq are finalizing negotiations to begin trade in their own currencies, chairman of Iran-Iraq Chamber of Commerce said.

Japan and Iraq to form a Joint Rebuilding Fund
His Excellency Prime Minister Adil Abd Al-Mahdi expressed his country’s pride in the level of relations with Japan, commended the Japanese government for its support in the fields of security, stability, reconstruction projects, economic and cultural cooperation.


Schlumberger to Drill 40 Wells at Majnoon
US-based Schlumberger has won a deal with Iraq’s Basra Oil Company (BOC) to drill 40 new wells at Majnoon oilfield.
http://www.iraq-businessnews.com/2018/12/19/schlumberger-to-drill-40-wells-at-majnoon/


Iraq to Extend Pensions to Short-Term Employees
The Iraqi government has said it intends to extend pension rights and other benefits to public sector employees on short term and daily contracts.


contracts Awarded for Metal Detectors
Two companies have won tenders to supply “Hook & Line equipment and Metal Detectors” to the United Nations Office for Project Services (UNOPS) in Iraq.





AFRICA

African Markets - Factors to watch on Dec. 19
Reuters

Mozambique: Debt-Ridden Govt Still Financing Gas Stations
AllAfrica
(Photo: Pixabay) Cape Town The Filipe Nyusi Nyusi-led government continues financing fuel stations in Mozambique to ensure availability of petrol, diesel, cooking gas and oil, Verdade reports. According to the report, "opening guarantees with the Banking Syndicate (BIM / BCI) to serve as collateral on fuel imports" has led to the accumulation of a debt of over U.S.$300 million. For a decade, fuel subsidies practiced by the previous Mozambican government, under President Armando Guebuza, led to Read the full story

Southern Africa: Zim, SA Border Authorities Brace for Increased Traffic
AllAfrica
Border authorities from Zimbabwe and South Africa are geared up for an anticipated increase in vehicular and human traffic during the festive season, an official has said. Assistant regional Immigration officer in charge of Beitbridge (Zimbabwe) Mr Nqobile Ncube said they had since harmonised operations with their South African counterparts for the period 15 December 2018 and 15 January 2019. He said the volume of incoming traffic had relatively increased and they expected it to surge until Read the full story

South Africa issues arrest warrant for Grace Mugabe
CNN
South African authorities have issued an arrest warrant for Grace Mugabe, wife of deposed Zimbabwean leader Robert Mugabe, over the alleged assault of a South African model in August 2017. Read the full story

Zimbabwe: Nandos & Chicken Inn Says to Charge in U.S.$ - Cites Foreign Currency Shortages
AllAfrica
ONE of Zimbabwe's biggest fast foods group Simbisa brands, Wednesday announced it was effectively reverting to the use of US dollars as the country's financial problems continue to deepen. In a statement the company said its bankers are failing to provide it with its requisite foreign currency allocations it needs for operations. "Due to the prevailing national circumstances all our bankers are failing to provide us with foreign currency at the regulated exchange rate of 1:1 between the US and Read the full story




ASIA

Researchers discover how North Korea may be cheating nuclear sanctions
NPR
New research shared exclusively with NPR suggests that Pyongyang is refining its weapons technology through open scientific research. China leads the way in scientific collaboration with North Korea. Read the full story

Why 2018 has been such a bad year for China
POLITICO
China’s heavy-handedness has left its neighbors happy to see the local thug beaten up by the bigger, global bully. Read the full story

Can China’s leaders restore confidence to private businesses?
South China Morning Post
China is rolling out a nationwide initiative to help private business owners but some question whether it will be able to take the necessary steps While the Communist Party has been happy to reap the benefits of burgeoning private sector, fears that ideology will trump pragmatism remain Read the full story


EUROPE

Italy Reaches EU Budget Deal, Avoiding Censure for 2019 Spending Plans
TheStreet
European stocks extended gains Wednesday, while government yields eased, after European Commission officials confirmed a budget deal with Italy that will allow the region's third largest economy to avoid censure for overspending. European stocks extended gains Wednesday, while government bond yields eased and the single currency firmed, after European Commission officials confirmed a budget deal with Italy that will allow the region's third largest economy to avoid censure for overspending. Read the full story

EU says bulk of UK financial sector would be cut off by no-deal Brexit
Reuters
Most banking, insurance and otherfinancial firms in Britain would be cut off from the EuropeanUnion if there is a no-deal Brexit, the bloc's executive bodysaid on Wednesday. Read the full story

Britain will set out results of EU talks in New Year: PM May
Reuters
British Prime Minister Theresa May said on Wednesday she would set out in the New Year what assurances she had won from the European Union over her Brexit deal. Read the full story

In no-deal Brexit, EU seeks to avoid short-term crash
Reuters
The European Union set out short-term measures on Wednesday to limit disruption to air traffic, financial services and trade if Britain left the bloc without a deal next March. Read the full story

Theresa May has left it far too late for a no-deal Brexit
CNN
There are now 100 days to go until the United Kingdom is due to leave the European Union, and Theresa May is no closer to securing parliamentary backing for the terms of Brexit. Read the full story

'Stupid Woman': Jeremy Corbyn Allegedly Mouths Insult At Prime Minister, Set off Uproar
Newsweek
Britain–and Twitter– are divided on whether Labour leader Jeremy Corbyn called Prime Minister a "stupid woman" during the last Prime Minister's Questions period of the year. Read the full story
d
CBI, ISX, Kauaihn Chatter:
 
CBI Update:
 
 
CBI closed on Friday and Saturday
 
Iraq Articles: 

In figures .. The budget of 2019 highlighted the negative aspects

 
Date of release: 2018/12/21 10:10  177 times read
 
[Ayna-Baghdad] 
Reports revealed the size of projects and spending the federal budget bill for the next year 2019, which ended the parliament yesterday read a first reading.
The reports say that "there is a significant increase in total spending, which was 132.2 trillion dinars and became 133.1 trillion dinars and increased by 900 billion dinars, and the premiums of external debt and internal, which was 11.01 became 10,79 means that the premiums decreased as That the investment projects were 34, 5 trillion dinars and became 33 trillion, where it declined, a negative indicator. 
"Investment spending from foreign loans was 5.5 trillion, which amounted to 5.67 trillion, meaning loans increased. Current expenditure was 97.6, now it is 100.50, which is increased, and this is a new negative indicator of the budget that has been modified by the government. The deficit was 26 trillion and now it is 27.53 This is also a negative indicator, as the operating expenses increased either investment expenditures decreased as the debt installments decreased. 
"The loan of the British Export Guarantee Corporation (UKFF) was 354.6 billion, it became 390 billion dinars, which increased the loans, and the continuation of British loans from the British Export Agency of 300 million dollars has become 330 million dollars and this increase for the removal of mines from Nineveh was the least necessary to reduce operating expenses and provide for the expenses of this important sector. 
"The government has described the budget as an austerity, amounting to 133,1 trillion dinars, if it were an explosion, how would it be, if we studied the follow-up of the disbursements from 2004 to 2017, we find the highest rate of disbursement in the fiscal year was 124 trillion and the disbursement was large, That the budget is going in the wrong direction and the money of the state is mismanaged and not sound and there is a big imbalance in the management of public money. " 
The House of Representatives ended in its meeting on Thursday the first reading of the draft law of the federal budget of the Republic of Iraq for the fiscal year 2019 for approval. 
The revenues of the budget is estimated at [105569686870] [one hundred and five trillion five hundred and sixty nine billion six hundred and eighty-six million and seven hundred and seventy thousand dinars] according to the calculation of the revenues of the export of crude oil on the basis of the rate of 56 dollars per barrel and an export rate of 3 million and eighty eight thousand barrels per day Including two hundred and fifty thousand barrels per day of the quantities of crude oil produced in the Kurdistan region. 
As estimated expenditures by the amount of [133107616412] thousand dinars [one hundred and thirty three trillion and one hundred and seven billion six hundred and sixteen million and four hundred and twelve thousand dinars], while the total deficit planned [27537929542] thousand dinars [twenty-seven trillion five hundred and thirty-seven billion and nine hundred and twenty-nine One million and five hundred and forty-two thousand dinars]. 
The Speaker of the House of Representatives Mohamed Halbousi, the parliamentary finance committee to take into account the request of 120 deputies to calculate the rent allowance of occupants of state real estate inside and outside the Green Zone to support the budget.
 
 
ISX Update:
ISX Closed on Friday and Saturday
 
Kauaihn Chatter:
 
 
 
12-20-2018  Newshound/Intel Guru Mnt Goat  Article:  "IRAQ IS ONE OF THE WORLD’S RICHEST COUNTRIES"  Quote:  “the Central Bank has a future plan to restructure the Iraqi currency, including the deletion of zeros”.  ...to me this looks like there is a long term plan to issue a 100,000 dinar note. Why is this if they want to complete the project to delete the zeros?   So this article says the CBI is holding off on this idea (pending) for now.   My guess is...they are doing this and will not launch this 100,000 dinar note until after the reinstatement and then only use it for inter-banking transactions for trade and reconstruction transfers of money payments of large sums. The average citizen may NEVER see this category. So this is the real reason for this 100k note.

12-20-2018
 
  Intel Guru Frank26   Private Banks in Iraq are ready online in a moments notice and Banks around the world online with the CBI are ready in a moments notice!   ...there is no finish line because it is UNSTOPPABLE!!!
 
12-20-2018   Newshound Guru MilitiaMan    The wind is starting to blow now...imo.  The region is reflecting expectations that Iraq will raise the value of the IQD.  Goldman Sachs today told us they expect the emerging markets to appreciate upwards of 10% to the good. Well, imo that may very well be low. However, not a bad trade for the big boyz.  So, when I say the wind is blowing, they are gearing up for the storm. They will fill their sails and ride on Iraq's draft up. They will be in the basket of currencies. Iraq goes up the region goes up...So the precursor showing strength is showing the region knows what is coming and are getting into the currencies now to ride out the storm... In other words make more money... 

12-20-2018
   Intel Guru ADMINBILL   Optimism for a 2018 RV/GCR remains in place and has had a minor increase. But time is running out for this year. Remember - This is a PROCESS that has no specific end date.

12-20-2018   Newshound Guru Adam Montana   [When did Iraq become a sovereign nation?...]  Iraq has long been a sovereign nation, but they lost some freedoms in 2003 with the overthrow of Saddam. Their currency plummeted in value, they had to travel a very long road to get where they are today.  
Chapter 7 was lifted in 2013, which marked a major milestone for them regaining their position in the world. Since then, they have established a very balanced and stable government and worked their way to the point we are currently at - in position to implement the new Hydro Carbon Law, which will likely trigger a change in the value their currency is traded at.
 
12-20-2018 Intel/Newshound Guru sandyf ...I agree with Kap [Guru Kaperoni] on a few things. There's no RI or big RV coming. There can never be any Reinstatement of the IQD, something has to have gone before it can come back. The IQD has always been the national currency of Iraq, the IQD has never been an Article 8 currency and any change in value would be a revaluation.
 
Elmer:
 
Not in today
 
Artmeister:
 
Not in today
 
Catnip:

 
***************
ARTICLE 1-A (from PM Mahdi's website; posted only on Arabic side, not on English side)


The Prime Minister, Mr. Adel Abdul Mahdi, calls the Iraqi poet Karim Al - Iraqi to check on his health December 20, 2018
The Prime Minister, Mr. Adel Abdul Mahdi, telephoned the poet Karim Iraqi to check on his health and wish him speedy recovery.

He expressed his keenness to take care of the innovators and inspect their affairs and needs. He also reviewed the health status of the poet and expressed his possible assistance.

The Iraqi poet expressed his deep thanks and appreciation for the position of the Prime Minister and the good impact that this call will have on himself and on all poets and innovators.

Media Office of the Prime Minister
20 December 2018

***************
ARTICLE 1-B (from PM Mahdi's website; posted only on Arabic side, not on English side)

Prime Minister Adel Abdul Mahdi meets with members of the Council of Representatives and representatives of the local government and security leaders of the province of Karbala December 20, 2018
Prime Minister Adel Abdul-Mahdi held a meeting today with members of the House of Representatives and representatives of the local government and security leaders of the province of Karbala Within the schedule of his meetings with representatives of all governorates.

He pointed to the importance of complementarity and cooperation between the executive and legislative authorities to achieve the best results and issuing the necessary legislation and laws. He also stressed the importance of complementarity and cooperation between the executive and legislative authorities in order to achieve the best results. .

The Prime Minister put forward a draft
The distribution of residential land, which aims to solve the housing crisis, as well as a project to build schools in different ways and mechanisms to meet the demand to increase the number of school buildings in Karbala and all provinces according to population needs.

They discussed the development of economic activity and security stability in Karbala governorate and the importance of strengthening it. It also discussed the agricultural and irrigation situation, providing facilities for farmers work, the need to complete health service projects, hospitals and building schools and opening and widening roads to accommodate the increasing numbers of expatriates and visitors.

Media Office of the Prime Minister
20 December 2018

*************
ARTICLE 2

Khatib pre-empts the session of Parliament with the presentation of his "achievements" in the Ministry of Electricity within 50 days

BAGHDAD (Reuters) - December 20 - Electricity Minister Louay Khatib defended his 50-day tenure in the cabinet of Prime Minister Adel Abdul-Mahdi on Thursday ahead of his hosting of the House of Representatives on Thursday.

"We conducted field visits to the stations, directorates and companies of the Ministry of Electricity in Wasit, Mosul, Najaf, Babil and Baghdad, and we completed important negotiations with Siemens, GE and other companies regarding the urgent plan. We are implementing the agreed projects," Khatib wrote through his Facebook account. Maintenance and administrative contexts in order to provide the Ministry's plan for 2019 ".

He added: "We met with many international and local companies to explore their investment proposals on the near, medium and long distances to develop the energy sector, and directed the restructuring of the project department to enhance the national effort and support the Iraqi competencies in reconstruction, and established a team of professional advisers to work on the vision of Iraq 2030 In the field of energy, we have made an administrative change in preparation for the management of the next phase with a new vision and move forward with confidence and promising. "

"We have worked with the World Bank to review investment policy in the field of renewable energy. We are developing a new trade framework to attract investments by international standards. We have also evaluated tax collectors and contracts. We are making important decisions on this issue. And departments of the ministry to find out the nature of their work and promote the sectors of production and transport and distribution.

"We have entrusted the Office of the Inspector-General with full support to investigate any corruption or mismanagement, and to communicate directly with staff and citizens directly and daily, by receiving and visiting them, as well as answering their messages and calls. Demanding their rights and communicating their voice to the federal government and urging them to return to work. "

He continued: "We have continued with the representatives of the people in the House of Representatives and members of the local councils to receive their requests and work with them to solve the problems of citizens and the affairs of the provinces in the available powers within the framework of legal contexts."

He concluded by saying "Today we turn to the House of Representatives in response to the request for urgent hosting and listen to their questions." (1)

*************
ARTICLE 3

In figures .. The budget of 2019 highlighted the negative aspects
2018/12/21 10:10 • 105 times read
[Ayna-Baghdad]
Reports revealed the size of projects and spending the federal budget bill for the next year 2019, which ended the parliament yesterday read a first reading.
The reports say that "there is a significant increase in total spending, which was 132.2 trillion dinars and became 133.1 trillion dinars and increased by 900 billion dinars, and the premiums of external debt and internal, which was 11.01 became 10,79 means that the premiums decreased as That the investment projects were 34, 5 trillion dinars and became 33 trillion, where it declined, a negative indicator.
"Investment spending from foreign loans was 5.5 trillion, which amounted to 5.67 trillion, meaning loans increased. Current expenditure was 97.6, now it is 100.50, which is increased, and this is a new negative indicator of the budget that has been modified by the government. The deficit was 26 trillion and now it is 27.53 This is also a negative indicator, as the operating expenses increased either investment expenditures decreased as the debt installments decreased.
"The loan of the British Export Guarantee Corporation (UKFF) was 354.6 billion, it became 390 billion dinars, which increased the loans, and the continuation of British loans from the British Export Agency of 300 million dollars has become 330 million dollars and this increase for the removal of mines from Nineveh was the least necessary to reduce operating expenses and provide for the expenses of this important sector.
"The government has described the budget as an austerity, amounting to 133,1 trillion dinars, if it were an explosion, how would it be, if we studied the follow-up of the disbursements from 2004 to 2017, we find the highest rate of disbursement in the fiscal year was 124 trillion and the disbursement was large, That the budget is going in the wrong direction and the money of the state is mismanaged and not sound and there is a big imbalance in the management of public money. "
The House of Representatives ended in its meeting on Thursday the first reading of the draft law of the federal budget of the Republic of Iraq for the fiscal year 2019 for approval.
The revenues of the budget is estimated at [105569686870] [one hundred and five trillion five hundred and sixty nine billion six hundred and eighty-six million and seven hundred and seventy thousand dinars] according to the calculation of the revenues of the export of crude oil on the basis of the rate of 56 dollars per barrel and an export rate of 3 million and eighty eight thousand barrels per day Including two hundred and fifty thousand barrels per day of the quantities of crude oil produced in the Kurdistan region.
As estimated expenditures by the amount of [133107616412] thousand dinars [one hundred and thirty three trillion and one hundred and seven billion six hundred and sixteen million and four hundred and twelve thousand dinars], while the total deficit planned [27537929542] thousand dinars [twenty-seven trillion five hundred and thirty-seven billion and nine hundred and twenty-nine One million and five hundred and forty-two thousand dinars].
The Speaker of the House of Representatives Mohamed Halbousi, the parliamentary finance committee to take into account the request of 120 deputies to calculate the rent allowance of occupants of state real estate inside and outside the Green Zone to support the budget.

*************
ARTICLE 4

Iraq and Jordan discuss boosting security in the region and increasing trade cooperation
2018/12/20 22:32
[Ayna - Baghdad]
Prime Minister Adel Abdul Mahdi received a telephone call from the King of the Hashemite Kingdom of Jordan, King Abdullah bin Al Hussein, during which they discussed enhancing the security of the region and increasing trade cooperation.
"The two sides discussed the joint relations between the two countries and the situation in the region and agreed to intensify exchanges of visits at the highest levels to develop brotherly relations between the two countries," the statement said. The Iraqi government and its accelerated efforts to promote security and stability, develop the Iraqi economy and serve all the Iraqi people. "
The King also expressed his appreciation for the Prime Minister's keenness to expand cooperation and enhance brotherly relations between the two countries and the two brotherly peoples. He also discussed increasing cooperation and trade exchange between the two countries as well as discussing developments in the region and efforts to establish security and stability.
The Prime Minister expressed his thanks and appreciation for the position of the Jordanian monarch and the Jordanian government supporting Iraq and its people to serve the common interests and enhance the chances of economic growth and prosperity.

*************
ARTICLE 5

Abdul-Mahdi's visit to the sit-in sit "Bob Sham" and see their problems with 10 pictures

BAGHDAD, Dec. 20 (Xinhua) - Prime Minister Adel Abdul Mahdi visited the Bob Al-Sham area north of the capital Baghdad, briefed citizens on the problems there and issued many important directives for them. He also visited the marquee organized by the people of the region to demand better services.

*************
ARTICLE 6
Sniffing socks smell and danger to health

BEIJING, Dec. 20 (Xinhua) - A Chinese resident was admitted to hospital for a severe fungal infection in the lungs because of the smell of his socks.

The newspaper "Metro" that the man went to the doctors was complaining of cough and chest pain, and then the doctors described him as a treatment, but did not help.

A week later, the patient's condition worsened and he was taken to hospital. After X-ray examination, doctors discovered that an acute fungal infection had infected his lungs.

The patient told the doctors that every day he smelled his socks after the working day. The doctors discovered that the fungi entered the lungs because of the habit and multiplied there, and caused severe cough and pain.

The doctors have identified the necessary treatment for the man, and he is recovering now.

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