Wednesday, January 2, 2019

WOTS Wednesday 1/2/19


WOTS Wednesday 1/2/19









WOTS Wednesday 1/2/19:
 
Forex Rates: 
 
 
SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,166.6000  1,219.0000 1,166.6000 1,166.6000 1,166.6000  0.0000 20:00
 USD/VND  23,160.5000  23,230.5000 23,194.0000 23,160.5000 23,172.7000  -12.2000 04:15
 USD/CNY  6.8528  6.8548 6.8785 6.8457 6.8685  -0.0157 04:26
 USD/KWD  0.3024  0.3044 0.3029 0.3023 0.3029  -0.0005 04:16
 GBP/USD  1.2704  1.2706 1.2772 1.2695 1.2748  -0.0044 04:26
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  14,469.0000  14,469.1000 14,513.0000 14,373.0000 14,413.0000  56.0000 04:25
 
CNBC Link:  
 
 
CNBC Morning Squawk Link:
 
No link yet
 
DC NY Iraq Articles:dd

Integrity: Abdul Mahdi, the first to disclose his financial debt in 2019

 
Editorial date: 2019/1/2 11:10  241 times read
 
(Baghdad: Al Furat News} Revealed the Integrity Commission, on Wednesday, the disclosure of Prime Minister Adel Abdul Mahdi, the financial burden for the year 2019.
A statement of integrity received by the agency {Euphrates News} a copy, "The Department of Prevention in the body confirmed receipt of the form of financial disclosure of the Prime Minister, and registered as the first form of disclosure of financial disclosure this year." 
And the Department "that it has verified the form and registration and the issuance of a receipt to them according to the applicable contexts." Finishedd

URGENT His office clarifies the facts about what happened in Abadi's house and its repercussions

 
Date of release: 2019/1/2 0:10  2207 times read
 
[Baghdad: Al-Furat News} The media office of the head of the victory coalition, Haider al-Abadi, issued an explanation of the facts about the house of Abadi and the accompanying repercussions.
"Last Wednesday, a force from the protection of Prime Minister [Adel Abdul Mahdi] closed the compound where Abadi had a house and contacted Abdul Mahdi's office and told us they would ask for it, but they did not call back," a statement from the office told AFP. And clarification. " 
"Abadi rejected any escalation and handed over the sites in a peaceful manner and he has finished handing over the last belongings, including this house, and started these measures, but he is surprised by these actions," he said. 
"Abd al-Mahdi called yesterday and he also rejected these measures, which he was without his knowledge," Abadi said. "He respects all the slaves who witnessed his achievements for Iraq and its people." 
Al-Abbadi, who witnessed the period of his reign an existential war against terrorism and won the victory of gangs and supported by the promotion of Iraq's status in the world and restore the prestige of the army and to cross the country from a financial crisis suffocating and renounce sectarianism and unite the country and concluded by peaceful exchange of power, he will not stand in front of these small issues, But the exploitation by those who want to phishing the turbid water and spreading lies led us to this clarification, the slaves led Iraq in a critical period and achieved with his people what he called the world miracle and minor issues will not care about them. 
The statement stressed "to follow the correct contexts in dealing with state property with everyone and not to double standards in order to achieve political objectives." 
He pointed out that "the existence of false information is raised now, far from the truth and its goal is clear to all in order to mislead public opinion, which has become clear that there is political targeting in many decisions and directives." 
The statement concluded by "thanking all those who contacted and reassured and expressed solidarity in the media with us from politicians, media, elites, tribes and our people, a proof that the person who offers to his country and serve him, his people will be with him."

Iraq sells oil more than $ 6 billion last month

 
Editorial date: 2019/1/2 10:24  131 times read
 
(Baghdad: Al-Furat News) The Ministry of Oil announced the total oil exports and revenues achieved for the month of December last, according to preliminary statistics issued by the Iraqi oil marketing company (Sumo).
The spokesman of the ministry, Asim Jihad, in a statement received by the agency {Euphrates News} a copy of it, "the total amount of exports of crude oil amounted to {115} million and {517} thousand and {974} barrel, with revenues of {6} billion and { 99} million and {662} thousand dollars. " 
"The total quantities exported from the oil fields in central and southern Iraq amounted to (112) million and {450} thousand and {367} barrel, while the total quantities exported from the northern fields through the Turkish port of Ceyhan {3} million and {67 } Alpha and {607} drums. " 
Jihad said that "the average price per barrel amounted to 52 dollars and 803 cents of the dollar," noting that "the daily rate of oil exports from the south of the country amounted to 3 million and 726 thousand barrels, while the daily rate of exports through the northern port 99 thousand barrels" . 
He pointed out that "the Ministry of Oil and through its belief in the need to inform the people of the export operations and revenues from it took this monthly procedure.

Urgent Saleh visits Turkey today to meet with Erdogan

 
Release date: 2019/1/2 11:39  90 times scheduled
 
The President of the Republic, Barham Salih, will pay a visit to the capital Ankara on Wednesday to discuss the latest developments in Syria, as well as the bilateral relations between Turkey and Iraq.
The Iraqi Foreign Ministry, revealed last Sunday that President Saleh, will visit Ankara in early 2019 at the official invitation of his Turkish counterpart Recep Tayyip Erdogan. 
The Turkish ambassador, Fatih Yildiz met with the President of the Republic on 13 of last month and handed him a letter from Erdogan included an invitation to visit Turkey. Ended

Iranian deputy: Saudi Arabia won in Iraq and we failed economically

In a frank acknowledgment of political and security interference in Iraq, the head of the National Security and Foreign Policy Committee of the Iranian Shura Council, Hishmatullah Falah Bishah, said that Tehran had succeeded politically and militarily in Iraq, but it failed economically. Peshah criticized the "negative" economic performance of the Iranian regime in Iraq, and said that as a result of this weak Iranian performance, Saudi Arabia and Turkey gained the Iraqi markets.
"The results of our performance in economic terms in Iraq are not satisfactory, contrary to the positive results that we have reached," Peshah said. "The meeting of the National Security and Foreign Policy Committee in parliament last Sunday to study economic relations with Iraq and Syria, Both politically and militarily. "
 
Absence of Iranian companies
 
He added that the markets in Baghdad lack Iranian goods, and there is unfair trade competition in the cities of Najaf and Karbala, which practically leads to the absence of Iranian companies from the Iraqi market. The head of the National Security and Foreign Policy Committee of the Iranian parliament also stressed that «Iraq has an important role and place in the external relations of Iran». "Regardless of strategic and ideological issues, this country is very important to us economically, commercially and religiously," he said.
 
 
Kauaihn Iraq Articles:dd

Souron calls Abdul Mahdi to avoid the errors of the cab and exclude completion only in this case

 
Editorial date: 2019/1/2 7:40  421 times read
 
(Baghdad: al-Furat News) called the deputy leader of the coalition of Saron, Raed Fahmi, Prime Minister Adel Abdul Mahdi to check the remaining candidates, "excluded" the completion of the government's formation only in one case. "
"Perhaps Abdul Mahdi does not call for a cabinet cab meeting if the same names are offered, and the completion of the cab should not take more time because the remaining ministries are not in the many ministries," Fahmi told Al-Furat News. 
He called on "Abdul Mahdi to be careful in the future nominations and avoid mistakes made with the Ministry of Education candidates by scrutinizing and examining the information and political backgrounds of each candidate, to avoid putting ourselves in this position again." 
"So far, we have not been informed of the agenda of the next session and we are unlikely to include the completion of the government formation," Fahmi said, adding that "the meeting will be held in one case if the prime minister replaces the names of the remaining ministries." 
It is noteworthy that the three ministries in the government of Adel Abdul-Mahdi are still vacant, namely the interior, defense and justice because of the continuing political differences on the candidates. 
The Ministry of Education may be added to the vacant ministries after Minister Shaima Al-Hayali submitted her resignation to Abdul-Mahdi because of the disclosure of her brother's and husband's affiliation to terrorist gangs

Parliamentary Reconstruction: The decline in oil prices has overshadowed the government program with problems

 
Release date: 2019/1/2 7:00  214 times scheduled
 
(Baghdad: Al-Furat News) A member of the Committee on reconstruction and parliamentary services, Jassim al-Bekhati, said that the government program put forward by Prime Minister Adel Abdul-Mahdi, "is plagued by problems of low oil prices and increased its burdens." 
Al-Bakhati told «Euphrates News» that «the government program, overflowing with a number of problems in conjunction with the decline in oil prices, which increased the burden on the Prime Minister and hope to complete the Cabinet cab to help him in the implementation of his program. 
He explained that "the government program addressed the housing crisis in detail and gave priority in the curriculum of its work, as well as treatments for the issue of slums, which was diagnosed in detail." 
He pointed out that "the study of slums within the parameters and aerial photography is now in the Secretariat to the Council of Ministers to find radical solutions surrounding this phenomenon." 
The Prime Minister, Adel Abdul Mahdi, put forward in his government program, the distribution of residential land, which aims to solve the housing crisis, as well as a project to build schools in ways and mechanisms to meet the demand to increase the number of school buildings in all provinces according to population needs. 
While the Minister of Housing and Construction, Beneq Rikani, revealed last Monday, an amazing government plan to establish new cities in Iraq. 
Rikani said in his page on Facebook that the ministry's plan to implement the prime minister's vision is to expand the construction of a new city, the budget of the current city, where all services are available, and with modern designs so that we will be able to distribute land to the various segments for low income and middle income. Large areas with urban planning that provides all the infrastructure and commercial services and other citizens. 
He pointed out that the ministry is in the process of completing the acquisition of land for the purpose of planning and start distributing it with a new system that will benefit the largest number of citizens, so that the lands will be available to the citizens in the area they want and to create a system that enables municipalities to provide the four basic services (water, sewage, electricity, streets). 
The Ministry of Planning, announced on 28 of last month, the implementation of the comprehensive national survey of slums early New Year 2019. 
"Three million and 300 thousand citizens live in slums spread throughout the provinces, which should be addressed 530 thousand housing units in which these citizens live within the development plans developed by the ministry in cooperation with other ministries." The ministry spokesman Abdul-Zahra al-Hindawi said in a press statement. 
Al-Hindawi explained that "the treatment program includes three main stages is the stage of preparation and preparation and direct, and the second phase is the treatment and reduce the aggravation of the phenomenon of slums according to an annual schedule depends on the timing of the investment plan and the budget of the development of regions to include all provinces and over 4 years and according to the province, The third stage is to address the causes of slum formation in order to stop and prevent recurrence in the future. At this stage, the file of the management of residential land is organized and the system of providing facilities in the field of finance is provided in the form of loans or subsidies.d

Schedule the delivery of provincial security of the interior and the formation of a new force

 
Release date: 2019/1/2 9:55  280 times read
 
(Baghdad: al-Furat News) revealed the leadership of operations Rafidain responsible for southern provinces, a plan to hand over the security file in the province of Dhi Qar to the police leadership and other provinces successively.
"We have plans to hand over the security file in the safe and stable provinces like Kast, Thi-Qar and Muthanna to the police leadership during the current year 2019," said the commander of operations Rafidain Major General Ali Ibrahim Debaun said in a press statement. Received it in full. " 
He pointed out that "the holding of several conferences by the police leaders and adopted the Ministry of the Interior on the receipt of the security file in the southern provinces and will be in stages and the latest phase will be in other provinces during the month of July, if it was agreed and obtained the approval of the commander-in-chief of the armed forces The security situation in the province and this is the responsibility of the Ministry of the Interior. " 
He added that "all the things that were carried out by the leadership of operations Rafidain will become the police leadership and be the police chief is responsible with the Chairman of the Supreme Security Committee in the province and the responsibility of the province of security in the province, and remains the command of operations is the role of monitoring and evaluation of the security situation in all Governorates and reporting monthly to the supreme authorities. " 
"The proposal to form a regiment, faction or secret of the marshes was presented to the Prime Minister and the Commander-in-Chief of the Armed Forces in the last meeting with him, promising to approach the Ministry of Interior to take the necessary measures," Daboun called for the return of a regiment from Dhi Qar, The police in all its forms are there. "

Deputy: Green Zone file is full of corruption in real estate exploited by officials

 
Editorial date: 2019/1/2 8:31  139 times read
 
(Baghdad: Al-Furat News) Member of the Finance Committee, Hoshyar Abdullah, confirmed that the Green Zone is not only a road open to citizens, but a file full of corruption in respect of properties exploited by officials.
"There are real estate inside the Green Zone, including huge houses, which have been exploited by former officials and former officials free of charge, some of which have been taken over by party figures from 2005 until today," Abdullah said in a statement received by Al-Furat News. Legal or constitutional justification ". 
"There has been a lot of corruption in this case since the beginning. Previous officials have legitimized the acquisition of these properties five or 10 years after their term expired, so a major step has to be taken by the legislative and executive authorities to recover these properties and invest them to earn revenues. Good for the treasury of the state, the people are better than the officials were filled to the point of obscurity. " 
"Is it reasonable that officials do not have any official capacity today to occupy government properties and a decision they made and issued in the previous sessions, but is it time for the official to immediately vacate the property that he is using like other countries? About the house he occupies? " 
"We support and support any step presented by the Speaker of the House of Representatives and the Prime Minister to open this file and the recovery of all illegally exploited properties, and the House of Representatives to resolve this important issue in its official meetings, not only at the level of the Green Zone, but at the level of Baghdad and all provinces, And we hold the government and the current parliament the responsibility to resolve them in line with social justice and the public interest so that the return of real estate imports to the treasury of the state. "

URGENT Minister of Planning: Population census will begin by the end of 2020

 
Release Date: 2019/1/2 9:23  189 times read
 
(Baghdad: Al-Furat News) Minister of Planning, Nouri Sabah al-Dulaimi, announced that the date of the general census of the population will be started by the end of 2020.
"The Ministry of Planning will provide in July next July Iraq's voluntary report during the high-level political meeting to be held at the United Nations, which will include the challenges faced by the Iraqi government in achieving development and sustainable development, and targets Achieved in spite of these challenges, and ways to strengthen international cooperation to overcome all the difficulties faced by the executive bodies in the government. " 
He pointed out to "direct him to start the actual preparations for the census, and provide all the local and international potential for success." 
Al-Dulaimi said during a meeting with a number of officials in the Ministry of Planning, the sincere efforts of the ministry's staff to implement them, stressing at the same time the importance of the practical development of all formations of the ministry, particularly the Central Organization for Standardization and Quality Control. 
It is estimated that the population of Iraq, including the Kurdistan region is currently more than 38 million people. 
The Ministry of Planning and Development Cooperation, in July 2018, that the rate of population growth in Iraq fell to 2.6%, noting that the population of Iraq are increasing annually by 850 thousand to one million people. 
The Minister of Planning of the Kurdistan Region, Ali al-Sindi, confirmed on 12 of last month, "the existence of a clear political consensus between the federal governments and in the region to implement the census in 2020, whose indicators will contribute to the assessment of development goals to provide data and statistics to analyze and assess changes that occur in the country" . 
Iraq has not conducted a real census since 1987, 32 years ago. is ove

Parliamentary Finance: Parliament has not dealt with any issue related to the salaries of government employees
02-01-2019 11:52 AM
A member of the parliamentary finance committee, Siham al-Aqili, denied on Wednesday that the House of Representatives did not discuss or discuss any issue concerning the salaries of government employees, so far.
"The Finance Committee in the House of Representatives did not discuss or discuss any issue concerning the salaries of civil servants, as the budget does not contain any paragraph on the manipulation of their salaries ."
"The high salaries of employees have not been compromised, there has been no development on salaries, and the circulation of salary cuts is just a bad news, " she said.
"The salaries of employees are a red line for the parliament and can not be manipulated in any way, and the parliament is seeking to provide more redress to the employees by improving their salaries, " she said.
Kauaihn Economic Times:
 
ECONOMIC TIMES / CHATTER

FOR TWITTER ACCT

Just send a text message from your cell phone to:
40404 (may have to add 40404 as a contact first) Then send a message that says: Follow @FactsnOpinion1 and you will join their twitter feed and instantly get the doc. You do NOT have to join twitter to get tweets
ONLY SPACE IS AFTER FOLLOW
who are on their computers to go to:
to get to our twitter feed
 
 
GLOBAL/NEWS/INFO

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

3 ways to improve your finances in 2019
Fox Business
Did you spend too much this holiday season? Here are three ways you can boost your finances in the new year. Read the full story

6 investing lessons from 2018 that will be very helpful in 2019
Yahoo Finance
Investors: Don't forget the lessons learned in 2018 as we enter the New Year. Read the full story

The Origins of the Times Square ball drop
The New York Times
It started out as fireworks and dynamite to promote the new New York Times Building, eventually evolving into the famous ball drop. Read the full story



OIL/COMMODITIES/ENERGY

Gold set to end difficult 2018 with upside momentum
MarketWatch
Gold futures are on track to log a losing performance in 2018, but are ending the year with some momentum as stock-market carnage reignites haven-related demand. Read the full story

Gold Wraps up Year Just Above $1,280
Investing.com
Commodities Dec 31, 2018 19:38 GMT Investing.com - Gold won’t make it to $1,300 an ounce for 2018, falling less than $20 short of the target. But there’s plenty of potential for it to get there in the new year. COMEX gold futures hit a new six-month high of $1,286.45 per ounce, before wrapping the final session of 2018 at $1,281.30, down $1.70 on the day. For the year, gold ended down 2%. Gold’s retreat at the highs came as U.S. stocks cut some losses on what was shaping to be their worst year Read the full story

Gold loses cachet to U.S. dollar in 2018, palladium sparkles with 3rd year of gains
Reuters
Gold prices were on course for theirfirst annual fall in three years on Monday, having largely beenoutgunned by the U.S. dollar as a refuge from globalgeopolitical and trade tensions, while palladium notched up athird year of gains propelled by robust investor demand coupledwith a sustained deficit. Read the full story

UPDATE 1-Chile monthly copper output highest in 13 years
Reuters
(Adds that output was highest in 13 years, addsJanuary-November production.) Read the full story

Natural Gas, Uranium, Palladium Are Commodity Winners, Base Metals Battered: The Year In Review
Benzinga
The year 2018 has been unkind to the financial markets, and the sell-off has been a comprehensive one. After a fairly decent showing in 2017, commodities reversed course amid several pushbacks, including slowing global growth, a strong dollar, geopolitical tensions and an inclement monetary policy environment. Commodities encompass energy, precious metals, base metals and agricultural and livestock products and are investable via multiple routes: Buying a futures contract. Futures refers to a Read the full story

WTI Oil Rounds out Year at $45; More Weakness, Volatility Seen
Investing.com
Commodities Dec 31, 2018 18:48 GMT Investing.com - Oil will end the year at around $45 per barrel, which was probably a given as of Friday. The question is how will we start the new year and where might we finish its first week. With an hour to the final trade of 2018, U.S. West Texas Intermediate was up 9 cents, or 0.2%, at $45.42 per barrel. Brent rose 34 cents, or 0.6%, to $53.55. The annual and other milestones were a lot worse. WTI is down 25% on the year and is off 41% from four-year highs Read the full story
BANKS/BANKING/CREDIT

UPDATE 1-Indian banks' bad loans may decline further by March
Reuters
(Adds quote, details) Read the full story

Your 2019 Financial Checklist: 10 Must-Do Steps
Investor's Business Daily
Call this your financial checklist for the new year! Here are 10 must-do steps for 2019 financial planning. Read the full story

Everything you need to know about CDs and CD ladders
MarketWatch
With their higher interest rates, CDs are a more lucrative low-risk option for investors. Read the full story

Banking scandals continued throughout 2018. It simply isn’t good enough
The Independent


TREASURIES/BONDS/STOCKS


Markets look for fresh start in 2019
CNN Business
The stock market is on track for its worst December since the Great Depression leaving investors looking for a fresh start in 2019. Read the full story

The world is on an 'irreversible path to an economic downturn': Nomura
Yahoo Finance
Stocks have plenty of upside in the coming months, but conditions could slow in roughly one year from now, according to Nomura analysts. Read the full story

Why this year suddenly fell apart on Wall Street, and what's ahead
CNBC
As the days and weeks progressed, Wall Street suddenly had a new reality to face: A market that seemed bulletproof was now susceptible to a whole range of worries. Read the full story

All three market indexes finish 2018 in the red
The Washington Post
Stock indexes show annual declines, reflecting angst over trade, economy Read the full story

Why We Should Worry About The U.S. Treasury Yield Curve Inverting
Forbes
The U.S. Treasury yield curve has come close to inverting, which could mean an economic slowdown - but not for the reason that everybody thinks. Read the full story

Stocks rise in final session of 2018 but log biggest annual decline in 10 years
MarketWatch
Stocks ended higher in the final trading session of the year Monday, but logged Wall Street's biggest annual decline since 2008. The S&P 500 rose around 21 points, or 0.9%, to end near 2,507, according to preliminary figures, while the Dow Jones Industrial Average rose around 265 points, or 1.1%, to close around 23,327. The Nasdaq Composite rose around 51 points, or 0.8%, to end near 6,635. For the year, however, the S&P 500 fell 6.2%, the Dow dropped 5.6% and the Nasdaq Composite posted a 3.9% Read the full story

Why this year suddenly fell apart on Wall Street, and what's ahead
CNBC
As the days and weeks progressed, Wall Street suddenly had a new reality to face: A market that seemed bulletproof was now susceptible to a whole range of worries. Read the full story

Stock Indexes Suffer Worst Yearly Decline Since 2008
The Wall Street Journal
U.S. stocks rose on the final trading day of 2018, although punishing losses from recent months pushed major indexes to their steepest one-year decline since 2008. Read the full story

CRYPTO'S / DIGITAL CURRENCY

Bitcoin was supposed to go mainstream in 2018. Then the price plunged.
Quartz
Last winter, as bitcoin zoomed to $10,000, Mike Novogratz, a hedge-fund-manager-turned-crypto-investor, proclaimed that it could “easily” reach $40,000. Then, when bitcoin broke $11,000, antivirus software… Read the full story

The FUD Stompers: Like It or Not, XRP Army Is Winning Crypto's Hashtag War
CoinDesk
The XRP Army is hands-down crypto's most vocal community. Who are they? Read the full story

Stable Times at Circle: A Crypto Startup Counted Out Is Rebuilt and Riding High
CoinDesk
CoinDesk profiles Jeremy Allaire, the CEO of the Goldman Sachs-backed crypto startup Circle that had a banner year in 2018. Read the full story

CoinDesk's Most Influential in Crypto 2018
CoinDesk

CURRENCIES

Pound exchange rate: GBP soars to three-week HIGH against US dollar – higher against euro
Express
THE pound is trading higher against the euro and US dollar today as the sterling leads gains against the American currency. Sterling was trading with more than half a percent increase versus the American greenback this afternoon, reaching as high at $1.2790. Against the euro, the pound was also up by around the same margin, trading up 0.66 percent to €1.1170. The positive movement for the pound US dollar exchange rate is believe to have been sparked by hopes of an end to the trade dispute Read the full story

The euro is set to celebrate its 20th birthday — here’s a look back at its tumultuous history
MarketWatch
The euro is celebrating its 20th anniversary on New Year’s Day. Here’s a look back at its often tumultuous history. Read the full story

The yen may rally further in 2019
My San Antonio
The yen is set to end the year as the biggest winner against the dollar among major currencies as investors sought out safety amid 2018's uncertainties. Read the full story


INSURANCE / HEALTH / SCIENCE

Here’s Why This Sleep Expert Says Sleep Aids Aren’t Actually That Helpful
Bustle
You've been tossing and turning for the last few hours, and you feel more awake as the night drags on. When you finally look at the clock, it's already three in the morning. If this has been your nightly routine, you've probably been thinking about… Read the full story

The $35 billion race to cure a silent killer that affects 30 million Americans
NBC News
The race is on in the pharmaceutical industry to develop drugs to treat a form of fatty liver disease called nonalcoholic steatohepatitis. Read the full story

7 Surprising Physical Signs Of Loneliness
Bustle
Although people are more connected than ever before, it's been said that loneliness has become an "epidemic" in America today. That can be a major problem because feelings of loneliness are associated with various health issues such as chronic… Read the full story

Affordable Care Act can stay in effect while under appeal, judge says
NPR
The federal judge in Texas issued a stay on the health care law more than two weeks after ruling it unconstitutional due to a recent elimination of a tax penalty on uninsured people. Read the full story

USA / CANADA


If you’re planning to buy a home, don’t make this mistake
CNBC
Certified financial planner Eric Roberge explains why buying a home shouldn't drain your emergency fund. Read the full story

Federal workers union sues Trump admin over government shutdown
The Hill
One of the country’s largest unions representing federal workers is suing the Trump administration over the government shutdown, claiming that it is illegal to require employees to work without pay. Read the full story

House Dems' plan to end shutdown may be DOA
POLITICO
Republicans are expected to reject the Democrats' proposal, which doesn't include a funding boost for Trump's wall. Read the full story

EMERGING MARKETS


Brazilian businesses seek quick action from Bolsonaro on deficit
Reuters
Brazil's business communitywill give far-right President-elect Jair Bolsonaro little in theway of a honeymoon as it presses him to make good on campaignpromises to tame the country's bureaucracy and erase a yawningpublic deficit. Read the full story

Emerging markets: Trade hopes for stocks will end tumultuous year
Livemint
Bengaluru: Emerging-market stock indexes inched higher on Monday, the last trading day of a rough year for developing economies, as investors cast a cautious eye on President Donald Trump’s latest claims of “big progress” in Sino-US trade relations. Read the full story

Mexican stocks on track for worst quarter in 17 years
Reuters
The Mexican stock exchangewas on track on Monday to post its worst quarter in over 17years, dragged down by doubts about how the new leftistgovernment will manage the economy as well as concerns overglobal growth and trade. Read the full story

Mexican president decrees tax cuts for U.S. border region
Reuters
Mexico's new leftist President Andres Manuel Lopez Obrador on Monday decreed tax cuts for northern states that he says will help power economic growth and deter migration to the United States. Read the full story
5 Businesses that are Hot right now in Emerging Markets
The Frisky
Every business minded person is trying to invest in emerging markets now in hopes that profitable returns are gotten in the long run. While most European … The post 5 Businesses that are Hot right now in Emerging Markets appeared first on The Frisky. Read the full story

MIDDLE EAST

Iran denounces Brazil's plan to move embassy to Jerusalem
ABC News
Iran has denounced plans by Brazil's newly elected president to move its embassy to Jerusalem Read the full story

Govt exempts rupee payments for Iran oil from hefty taxes
Livemint
New Delhi: Finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters. Read the full story

Trump says moving 'slowly' on Syria pullout, lashes out at 'failed generals' who criticized policy
USA TODAY
Critics say Donald Trump's withdrawal from Syria will give ISIS terrorists a chance to regroup. Read the full story

Iraqi warplanes strike Islamic State leaders in Syria: military
Business Insider
BAGHDAD (Reuters) - Iraqi warplanes hit a meeting of Islamic State leaders near Deir al-Zor in Syria on Monday, destroying the building they were gathered in, the military said in a statement, without giving further details about the militants targeted. The statement said F-16 fighter jets carried out the raid around al-Sousa village in eastern Syria, as "30 leaders from Daesh (Islamic State) gangs" met in the building. The strike came a day after Iraq's government hinted at greater involvement Read the full story

MIDEAST STOCKS-
 
 
Dubai leaps as Gulf ends strong year; oil clouds 2019
Reuters
* Dubai posts biggest rise since June 2017 Read the full story

Dubai stocks limp to end of worst year since financial crisis
Aljazeera
Dubai's stock market ended 2018 on Monday with a 25-percent annual loss, the worst year since the global financial crisis a decade ago, as the real estate and tourism sectors struggled. The plunge in the Dubai Financial Market Index was the biggest among Gulf and Arab bourses amid signs of a slowdown in the emirate's highly diversified economy. "The performance of traditional growth engines for UAE - real estate and retail - have been lacklustre," M.R. Raghu, head of research at Kuwait Financial Read the full story
AFRICA

Zimbabwe: 'Sanctions Won't Stop Re-Engagement'
AllAfrica
Zimbabwe will continue pursuing dialogue to normalise relations globally in line with President Mnangagwa's approach of "engagement and re-engagement", Government spokesperson Mr Nick Mangwana said yesterday. Mr Mangwana said diplomatic engagements were dynamic and spanned different levels, which were registering success. He said this in light of the United States of America's release of an updated set of sanctions regulations against Zimbabwe prohibiting transactions involving Zimbabweans Read the full story

Zimbabwe: Zim Economy Back On the Rails in Few Months, Says Chiwenga
AllAfrica
ACTING President, Constantino Chiwenga has assured Zimbabweans the country's economy was on the mend adding that the current hardships faced by the majority will soon be a thing of the past. Speaking at the Family of God Church (FOG) organised "National Thanksgiving and Dedication service" in Bulawayo on Sunday, Chiwenga acknowledged the current economic crisis but remained steadfast things will normalise sooner rather than later. "Our nation is going through a difficult patch. We need to bring Read the full story

Uganda: Farmers Protest Government Registration of Seeds
AllAfrica
(Photo: Sally Nyakanyaga/IRIN) Farmers countrywide have protested government decision to register seed varieties saying it will throw many out of business because of the stringent requirements. According to farmers, the seeds, which are grown in the different soils, topography and climate in Uganda, cannot be "uniform, distinct and stable," as the requirements for registration state. They aired their grievances during a meeting of various farmers' associations spearheaded by Food Rights Alliance Read the full story

ASIA


Chinese factory activity falls amid trade war truce with US
The Hill
China's factory activity contracted slightly in December, marking the first time in two years the country's economic barometer did not expand, [](https://www.reuters.com/article/us-china-economy-pmi-manufacturing-of) Read the full story

Chinese stocks were the worst on Earth in 2018, losing 27% — here's why
Business Insider
2018 was a year characterized by abysmal stock-market performances all over the world, but China took the biscuit. The CSI 300, China's benchmark share index, finished trading for the year on Friday, December 28, and at its close had lost nearly 27% of its value. That was almost double the fall of its closest rival, Japan's Nikkei 225, which slid 14%. Reasons for the slump in Chinese stocks include the trade war with Washington, fears about the health of the Chinese economy, and continued Read the full story

The Chinese need a trade deal: Gordon Chang
Fox News
'The Coming Collapse of China' author Gordon Chang on U.S. trade tensions with China and the stalled nuclear talks with North Korea. Read the full story

Clash of US and Chinese value systems ‘more acute than ever’
South China Morning Post
International relations expert warns the two sides may drift further apart ‘and the danger of lasting, partial confrontation does exist’ Remarks come ahead of 40th anniversary of diplomatic ties between the two former cold war adversaries Read the full story

China leads in innovations for mobile retail
CBS News
A mobile revolution is changing the way people do business in China. Companies there are integrating brick-and-mortar stores with cellphones to create a more high-tech consumer experience. Ben Tracy reports. Read the full story


EUROPE

European stocks finish higher on last day of a dismal year for investors
MarketWatch
European stock markets in positive territory on Monday, as investor outlooks were boosted by optimistic trade discussions between the U.S. and China. Read the full story

May launches fresh diplomatic blitz on EU leaders
Daily Mail
Theresa May has been ringing round counterparts as she tries to obtain 'legally binding' assurances that the UK will not be stuck in the Irish border backstop. Read the full story

The broken politics of Brexit has masked the horror of Britain’s homelessness
The Independent
Just before parliament broke up for the Christmas recess the political bubble was gripped by talk of motions of no confidence. Read the full story

Germany wants to stop the world from descending into the chaos it once caused
Quartz
Angela Merkel has big plans for Germany in the new year. In her year-end address, the chancellor focused on the country’s international role, committing to… Read the full story
d
 
CBI, ISX, Kauaihn Chatter:
 
CBI Update:
 
 
 
The CBI for Wednesday 1/2/19 did update on the indicative rates Sell Rate 1190
The currency auction is 216,301,200
There are no news and announcements.
Iraq Articles:

Rafidain takes a new batch of pensioners' advances

 
Release date: 2019/1/2 10:52  87 times read
 
(Baghdad: Al-Furat News) Rafidain Bank announced the disbursement of a new meal of the predecessor of retired civilian and military, ranging from 3, 5, 8 and 10 million dinars, through electronic payment tools.
The bank's information office said in a statement received by the agency {Euphrates News} a copy of it, that "a new batch of military and civilian pensioners has been disbursed to more than 1389 retirees." 
The statement said that "the disbursement of this advance was by informing the pensioner by sending him a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through electronic payment tools, which was filled the financial balance to it."
ISX Update:
Value Traded
 
630,198,834
 
Shares Traded
 
1,304,677,310
 
ISX ended in Red
 
Kauaihn Chatter:dd
 
 
1-2-2019   Newshound/Intel Guru Mnt Goat   Article:  "AL-TAMIMI: IRAQ WILL BORROW FROM 21 FOREIGN PARTIES IN THE BUDGET OF 2019"   Quote:  “The 2019 budget is going in the wrong direction,” she said."  Tamimi is an MP on the finance committee.  I would listen to her closely.  She is also the one that first exposed all this corruption with the currency auctions years and years ago and we all know this is in part, why the reinstatement is taking so long.  We also know that in part the new Nov sanctions on Iran were designed to force Iraq to close down the auctions and use dinar for trading purposes with neighboring countries. But in order to do this they must first reinstate the currency... 
 
1-1-2019   Intel Guru Frank26   YOUR FOCUS SHOULD ONLY BE ON...WHAT THE CBI DOES WITH THE RI OF THE IQD...NOTHING ELSE.  FOR ALL ELSE WILL AUTOMATICALLY ADJUST POST RI.

1-1-2019   Newshound Guru  Kaperoni   ...monetary policy is not some random act. Monetary policy is based on statistical analysis.  Iraq is not at an artifical currency rate.  ...The rate is the current exchange rate that has already appreciated since the dinar was introduced in 2003 from about 3400 to $1 to 1166 to $1 by sound montary policy under Shabibi. And since 2015 the dinar devalued to 1190 to $1 as a result of IMF intervention.  This is the true dinar rate.  There is no RV or RI.  If the dinar is ever going to continue to appreciate it will be based on sound monetary and economic principles.  This can only occur if Iraq opens it's banking and financial system and creates a private sector in which foreign investment can come into Iraq. Only then the dinar will appreciate in value via a float.  ...As I stated, Iraq has much to do before the dinar can rise.  Happy New Years to all.  Let's hope 2019 is prosperous for all.

1-1-2019    Intel Guru Frank26   IMO...THE MR OF THE IQD IS ENTERING A NEW...PHASE.  NO ONE KNOWS THE DATE NOR THE RATE...BUT THAT'S NOT IMPORTANT BECAUSE OF THE EVIDENCE DIRECTLY FROM THE CBI...BOLDLY AND CONFIDENTLY.  IMO...THE RI HAS EVOLVED INTO A PHASE THAT WE WAIT FOR TIME TO SHOW YOU...
 
 
1-1-2019   Newshound Guru MilitiaMan   So, I don't know if they can't come out higher than the AAD or SDR for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support higher values now than in the past. imo...  [post 2 of 2]


1-1-2019   Newshound Guru MilitiaMan   ...I have the opinion that "The longer it takes the more money we make."  With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00.   So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD.  Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25.  Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + -  up to $5.85... imo...  [post 1 of 2....stay tuned]

 
12-31-2018 Newshound/Intel Guru Mnt Goat Here comes HCL….Article
quote: "The oil and energy parliamentary committee confirmed its intention TO APPROVE THE OIL AND GAS LAW DURING THE CURRENT PARLIAMENTARY SESSION." Iraq will need HCL and Article 140 to forward with a reinstatement...So it looks like this new govt is in support of getting this done, finally.
 
Elmer:
 
Not in today
 
Artmeister:
 
Not in today
 
Catnip:
 

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

Prime Minister Adel Abdul Mahdi chairs the first meeting of the Supreme Council for Combating Corruption

Prime Minister Adel Abdul Mahdi said that the aim of restructuring the Supreme Council for Combating Corruption is to enable it to take deterrent measures and unify the efforts of the supervisory bodies in the context of a new work capable of confronting any party or person whatever its position and acting as a state in detecting corruption and protecting society, Both public.

This came during the first session of the Supreme Council for Combating Corruption which was held today (31/12/2018) under the chairmanship of the Prime Minister, Mr. Adel Abdel Mahdi, and attended by the heads of the public prosecution, the judicial supervision authority, the financial control bureau and the Integrity Commission.

added that this action comes in implementation of our objectives in our government platform, which was approved by the Council of Representatives and became the duty of implementation. In view of this, the Supreme Council for Combating Corruption must have sufficient administrative and legal powers to control the file of corruption and to know its citizens and shortcomings in follow-up and implementation, Achieve clear outputs and prevent the severe damage that has been shaking the image of the state and society and the reputation of citizens in general, and must end this decline and consider corruption as an enemy such as a terrorist gang.

During the first meeting, discussions were held on the working mechanisms and agreement on the timing of commencement of procedures according to new contexts.

Media Office of the Prime Minister
31 December 2018

*************
ARTICLE 2 (from Government of Iraq twitter account):
  1. Pinned Tweet
    As we prepare to welcome the New Year, we salute the Iraqi people from all ethnic and religious backgrounds for their shared determination to build enduring peace and a better future for all Iraqis. Diversity is our strength.

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

Approval of the first annual report of the Council for Combating Money Laundering and the Financing of Terrorism
2019/1/2 12:24
[Ayna-Baghdad]
The Council of Ministers approved the first annual report of the AML / CFT Council.
"The Council of Ministers approved the first annual report of the AML / CFT Council contained in the Central Bank of Iraq / Anti-Money Laundering and Terrorist Financing Council, based on the provisions of Article 7 / XIV of the Anti-Money Laundering Law, And the Financing of Terrorism No. 39 of 2015 ".
He pointed out that "the Department of Real Estate Registration in the Ministry of Justice, the task of supervision and follow-up the application of controls related to the profession of significance."
"The Ministry of Planning is responsible for auditing and following up the implementation of the rules of trade in gold and precious metals."

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

Turkish President Barham Saleh on a surprise visit to Ankara today

ANKARA, Iraq (AP) - January 2 - Iraqi President Barham Salih will make a surprise visit to Ankara on Wednesday, the Turkish newspaper Al-Sabah reported Wednesday.

"Iraqi President Barham Salih is on a surprise visit to the Turkish capital of Ankara on Wednesday to discuss recent developments in Syria as well as bilateral relations between Turkey and Iraq," the newspaper said in a report.

The Information Office of the President of the Republic did not publish anything about the "expected" visit.

The President of the Republic held a regional tour to Jordan, Saudi Arabia, Kuwait, the UAE and Iran. He also participated in the Mediterranean Dialogue Forum in Italy and visited the Vatican City.

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

Integrity reveals that the prime minister is the first politician to disclose his financial debt for 2019

BAGHDAD (Reuters) - January 2 - Prime Minister Adel Abdul-Mahdi announced his financial dues for 2019, the agency said on Wednesday.

"We have received a form of financial disclosure for Prime Minister Adel Abdul Mahdi, and was registered as the first form of disclosure of financial disclosure in 2019," said the Department of Prevention in the integrity of integrity, "confirming that it" checked the form and register and issue a receipt in accordance with the established contexts " Without more details. Finished

*************
ARTICLE 6

Planning: The general population census will be started by the end of 2020

BAGHDAD - January 2 - Iraq's population growth has dropped to 2.6 percent and the population of Iraq is increasing annually by 850,000 to 1 million, the Ministry of Planning announced today. The population census will start by the end of 2020, .

"In July, it will present Iraq's voluntary report during the high-level political meeting at the United Nations, which will include the challenges facing the Iraqi government in achieving sustainable development and development, the goals achieved despite these challenges, and ways to strengthen international cooperation to overcome all Difficulties faced by the executive bodies in the government. "

She pointed out that "issuing guidance to start the actual preparations for the census, and provide all the local and international potential for success," stressing the "importance of practical development of all formations of the ministry, particularly the Central Agency for Standardization and Quality Control; to be the level of the task to be informed."

No comments:

Post a Comment