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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
(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
{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
{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
{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
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
The US-led international anti-ISIS coalition shelled suspected caves and hideouts in west Kirkuk, which the coalition thinksISISelements 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 ofISISelements 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
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
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
FOR TWITTER ACCT
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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 coolWednesday morning, holding positive territory ahead of the Fed's2:00 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 ofWednesday 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 bigRead the full story
PRECIOUS-Gold holds close to five-month peak ahead of Fed
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. TheRead 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 increasesRead 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
Economy Dec 20, 2018 10:55 GMTInvesting.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 2019Read 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 signsRead the full story
GLOBAL MARKETS-World stocks and oil scramble higher after plunge
Reuters
* All eyes on Fed meeting, markets wager on a "dovish" hikeRead 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, oneRead 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. OnRead 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 alsoRead the full story
Forex - U.S. Dollar Falls Amid Expectations of Fed Hike
Forex Dec 19, 2018 15:21 GMTInvesting.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 of10:21 AM ET(15:21 GMT). The Fed is expected to increase rates by 25 basis points for the fourth time this yearat 2:00 PM ET(19:00 GMT). Investors will be watching for any new comments onRead the full story
Forex - Dollar Slips After Fed Decision; Yuan Also Falls
Forex Dec 20, 2018 06:08 GMTInvesting.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 96.393at 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 upRead 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
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/theasisResearchers 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 tunnelsRead 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 budgetRead 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.
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.
Two companies have won tenders to supply “Hook & Line equipment and Metal Detectors” to the United Nations Office for Project Services (UNOPS) in Iraq.