Friday, March 29, 2019

WOTS Friday 3/29/19

WOTS Friday 3/29/19


posted on the cbi's site yesterday

Controls for the first phase of the project (transfer of liquidity between banks

28th March, 2019  Downunder Translating
The controls of the first phase of the project ( transfer of liquidity between banks )
... To view click here
Page 1
Central Bank of Iraq
Department of Financial Operations and Debt Management
Phase 1 controls
Of the draft liquidity transfers between banks)
Mar 2019
Page 2
Introduction :
In order to maintain the stability and stability of the financial system in general and the banking system in particular in Iraq, especially after the stability of the exchange rate of the Iraqi dinar against the dollar in the markets and the decline of the price of the local currency, and to continue to provide new financial products help all banks and motivate them to deal with the goal The monetary policy in the use of quantitative tools to control the supply of money on the one hand, and the opening of new avenues to invest surplus funds in some banks on the other hand has been activated the draft liquidity transfers between banks, and this project is the first building for the preparation of the activation of the money market N banks in the future, especially since any risks and that it was very low due to the mechanism of action will be carried transfers by private transfers process and the Central Bank of Iraq accounts as a party that will adopt in the process carry the first phase of the redeployment

According to the provisions of Articles 3 and 4, paragraph (e) and Article (28) of the Central Bank of Iraq Law No. (56) of 2004, the Banking Law No. 94 of 2004 and the Islamic Banks Law No. (43) for the year 2015, Decision of the Board of Directors of the Central Bank of Iraq No. (3) for the year 2019 In order to complete efforts in the provision of new financial products to correct the banking work and diversification of financial instruments and stimulate banks to cooperate among themselves and to take advantage of the cost of alternative opportunities has been issued controls for the transfer of liquidity between banks. Scope of implementation:
The process of implementation of the draft liquidity transfers between banks as of March 2019 includes both banking systems (Islamic and traditional) and separately legal reference ::

The Law of the Central Bank of Iraq No. (56) for the year 2004 and the Banking Law No. (94) of 2004 and the Islamic Banks Law No. (43) for the year 2015 and instructions of the stock market and all laws related to the Republic of Iraq as well as the decisions of the Board of Directors of the Central Bank of Iraq and circulars issued by The Governor of the Central Bank accepted the legal reference to the draft liquidity transfers between banks Terminology: - The following terms mean the meanings given to each of them and what is mentioned in the controls above. Bank: - The Central Bank of Iraq. The traditional bank: - The word bank and love the provisions of Article (1) of the Banking Law No. (94)
Year 2004 "means a person who holds a license or a permit under this Law to conduct banking business
(22) for the year 1997. The Islamic Bank: The bank established in accordance with the provisions of the Companies Law No. (21) of 1997
And the Public Companies Law No. (22) for the year 1997 and the Banking Law No. (94) for the year 2004
Page 3
And its rules of procedure, are obliged to carry out the banking activities that are permitted without interest and in accordance with the terms of the banking transactions that do not conflict with the provisions of the Islamic Shari'a both in the field of accepting deposits and providing other banking services or in the field of finance and investment,

The provisions of Article (1 - II) of the Islamic Banks Law No. (43) for the year 2015 and the liquidity of banks: - The process of transferring liquidity from banks with surplus to banks
With the deficit, through Tnkl and supervision of the Central Bank of Iraq to exercise its functions in support of the stability of the banking sector, as will be invested liquidity surpluses in the banks to finance temporary shortfalls in liquidity of banks with disabilities, and therefore will be subject to all operations that are in the process
• The deficit units: - Banks that suffer from a temporary shortage of liquidity and which apply for funding
In order to preserve the continuity of its banking activity and face emergency settlements (not including banks
And are financed under the supervision and control of the Central Bank of Iraq and surplus units: - Banks that have excess liquidity and which invest these surpluses in Securities issued by the Central Bank and Treasury Treasuries. Guarantees: These are the financial assets that are mortgaged in exchange for the granting of financing (liquidity transfers) such as (cash guarantees in different currencies, which are considered to be asset-locked). Financial guarantees (all types of government securities and securities issued by them) Central Bank of Iraq), and the guarantees shall be either inside the system or outside the system as follows:. a. Guarantees within the system include all securities that are issued through the depository system
Central Securities (CSD) B - Guarantees outside the system include all government securities issued outside the system
Central Depository Securities (CSD). | Steps to implement the liquidity transfer between conventional and Islamic banks :: Ah be the Iraqi Central Bank at this stage is the decision to grant liquidity after being converted from
The conventional and Islamic banks) under the relevant contracts. The guarantees provided by the banks that suffer from a temporary shortage of liquidity will be adopted by the banks with temporary deficit in liquidity request for funding which includes the amount of liquidity required
And the repayment period with a copy of the budget attached on the date of the request. Accordingly, the Credit Dependency Division of the Department of Financial Operations and Debt Management studies and analyzes the status of the bank based on the indicators
And determine the appropriateness of the required liquidity with the bank's position. If the bank fails to meet one of the five approved criteria,
(Director General of the Department of Financial Operations and Director General of the Banking Supervision Department) on the grant decision or not. In the event of failure of the bank in more than one criterion, the approval of the Governor will be obtained on the grant decision and in accordance with the mechanism of liquidity transfer between banks.
Page 4
The field inspection is conducted by the Department of Banking Supervision to verify the accuracy of the data it provides
In which the Bank's position is analyzed at the request of the Department of Financial Operations and Management Debt, after approval by the Credit Sufficiency Analysis Division of the Department of Financial Operations and Debt Management
Liquidity Transfers Liquidity will be required to carry out liquidity transfers and will have the options listed below as collateral is available. 1. Guarantees outside the system: =
The Central Bank will transfer the required amount to the bank account requesting the liquidity and open the accounting department, and will be before the maturity date of a specified period (one week before the maturity of the guarantees) to give instructions to the bank requesting the liquidity shows near the maturity date. • Repo mechanism on the CSD system (repurchase agreement) and the process will be at a certain price determined before
Central Bank of Iraq • Various term mortgages on the CSD system (taking commission and as defined previously)
Central Bank of Iraq. • Trading between banks on the trading system with the possibility of entering the central bank as a buyer
According to the price of supply and demand. Bank accounts will be separated from Islamic banks and conventional banks to avoid confusion
Thus, banks will have a range of mechanisms and facilities to obtain liquidity
According to the type of securities held by the bank and the type of collateral provided by the bank
Department of Financial Operations and Debt Management

WOTS Friday 3/29/19:
 
Forex Rates: 
 
 
SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1165.9000  1219.3000 1185.0000 1185.0000 1185.0000  0.6000 05:06
 USD/VND  23198.0000  23201.0000 23198.0000 23195.3300 23198.0000  3.4800 04:18
 USD/CNY  6.7156  6.7176 6.7382 6.7127 6.7381  -0.0223 05:09
 USD/KWD  0.3037  0.3047 0.3035 0.3031 0.3035  0.0001 05:03
 GBP/USD  1.3030  1.3031 1.3085 1.3003 1.3043  -0.0010 05:09
 USD/IRR  0.0000  0.0000 42000.0000 42000.0000 42000.0000  0.0000 05:06
 USD/IDR  14252.0000  14265.0000 14279.0000 14200.0000 14234.0000  20.0000 05:08
 
 
 
CNBC Link:  
 
 
CNBC Morning Squawk Link:
 
No link yet
 
DC NY Iraq Articles:dd
 
 
Jubouri: Next week will choose the new governor of Nineveh
 
 
2019/3/28 
[Mosul - where]
Ninewa operations commander Major General Najem al-Jubouri said on Thursday that "the crisis cell will put the beginning of next week the right man in the right place, not a close friendship and not the right."
"We have received the powers assigned to the cell and all the concerns that the people of the city have," said Jubouri, a member of the crisis cell, who was ordered to form Iraqi Prime Minister Adel Abdul Mahdi at a memorial ceremony for the victims of the ferry.
 
The commander of Ninewa operations, that the cell "will give powers to competent people in the state departments to work, and we will monitor and do the oversight bodies, and work to compensate the families of martyrs and the people of Mosul, who suffered damage as a result of the battles that took place in the city."
 
read more
Investigations into the ferry incident continued in Mosul. Investigations continued into the ferry incident in Mosul
He stressed Jubouri: "I do not hide that there is someone who wants to dance on our wounds and invest this disaster for the purposes of the evil worldly malicious."

Halabousi from Washington: Investment conditions in Iraq have become more favorable than at any other time

 
Release date: 2019/3/29 8:32
 
(Baghdad: Al-Furat News) Speaker of the House of Representatives Mohamed Halboussi met with a delegation of the Republican majority leader in the US Senate Mitch McConnell and discussed bilateral relations between the two countries and means of strengthening them in all fields.
"The extremist terrorist is not only targeting Iraq but also targeting the world, and the international community must unite to fight it," Halboussi said during the meeting. 
He added that "Iraq made sacrifices on behalf of the whole world, and achieved the military victory with the blood of his sons and the support of friends, including the United States of America, and must defeat terrorism completely, there are pockets and sleeper cells, and we believe that this is another challenge needs to continue cooperation between Iraq and its friends ; To eliminate this organization and extremist ideology; for a prosperous, secure and stable Iraq. " 
He added that one of the challenges facing us is the return of displaced people and their stability, and the provision of services to citizens. We call on international companies, including the United States, to enter into investment. Iraq needs two types of projects, including the long-term ones such as the oil and energy sector, including short and medium education, health and housing. "The circumstances are now more favorable than any other time, and the economic partnership between the two countries must be strengthened through projects that reach the citizens directly." 
For his part, McConnell expressed the commitment of the United States to support Iraq and respect its sovereignty as a strong ally away from any danger and threat, and to work to build economic relations that serve the interests of the two friendly peoples.
 
 
Deputy for the reform: the coalition of construction reached the conviction that it can not pass their candidates unless they are independent and the sons of the ministry and professionals
 
 
2019/3/29
[Baghdad-where]
The deputy of the wisdom bloc Hassan Fedad, reported to Prime Minister Adel Abdul Mahdi, the alliance of reform and reconstruction in the nomination of independent security ministries at yesterday's meeting.
He said in a press statement that there was a periodic meeting of the public life of the Alliance of reform and reconstruction was hosted Abdul Mahdi and that "one of the topics put forward to Abdul Mahdi in the meeting of the coalition need to expedite the rest of the rest of the cab and the need not to remain these ministries are vacant, we have a vision in the coalition since today The first is that the ministries of security and education must be candidates independent and non-partisan and the sons of the ministry and not subject these ministries to the political quota and adherence to it. "
"Now the coalition of construction has reached the conviction that it is not possible to pass their candidates unless they are independent and from the ministry and professionals."
On the other hand, discussions were held with the neighboring countries, the recent visit to Egypt, the border crossings, the development of agriculture and industry and the incident of the Mosul ferry. "
 
He pointed out that "Abdul-Mahdi has a map to fight corruption and the timing of time."
"There is a clear mechanism for the parliament to communicate with the Council of Ministers, there is a paper sent by Abdul Mahdi to the government," he said, adding that " Parliament has drawn up a broad and clear lines in the mechanisms of communication between the executive and legislative authorities. "
"There is in each ministry a special mail to the House of Representatives and the Prime Minister and we periodically review the government program and mechanisms to implement it, as well as correspondence between the two houses more flexible than the previous and will be approved in the House of Representatives."
He pointed out that "Abdul-Mahdi's security plan is a clear weakness, there is a big imbalance in the western border, despite coordination with the Syrian neighbor in the intelligence services, corruption is still raging, and the recent operations in the Baguoz is the biggest challenge to Iraq that there are thousands of Iraqis trapped in Syria, mostly from terrorists and their families, Put in place clear mechanisms to isolate them from society and not integrate them now. "
 

Iraq succeeds in approving the reduction of child recruitment in armed conflict and terrorism

 
2019/3/29
 
[Follow-up] 
Representatives of the League of Arab States participating in the meeting of the Arab Economic and Social Council in Tunis endorsed the proposal by the representative of Iraq and the Ministry of Labor and Social Affairs, Director General of the Planning and Research Department, Necker Abdel Rahim, to limit the recruitment of children in armed conflict and terrorism.
According to a statement by the Ministry of Labor received the agency {Euphrates News} a copy of it, "Iraq succeeded in approving the item on the recruitment of children during armed conflicts and terrorism, although some of the participating countries wanted to merge with another item, but the efforts of Iraq and some of the supporters succeeded in making this item Independent because of the conviction of the majority of the importance of the subject and vitality because it represents the future generations, especially what is being exposed to our Arab armed incidents and a fierce terrorist attack 
She stressed that the Iraqi delegation resisted some pressures to add some paragraphs and names far from the norms and the insistence of the delegation, the representatives of the Arab countries approved the wording of the proposal of Iraq on the item to reduce the recruitment of children during armed conflicts and terrorism without any addition. 
She pointed out that "the meeting mandated the representative of the Ministry of Labor and the General Secretariat of the League of Arab States to prepare the general framework for the plan to reduce the recruitment of children, as Iraq has experience in dealing with the phenomenon of recruitment of children during armed conflicts and terrorism. 
The Director General of the Planning and Research Department said that the meeting lasted for three days and was able to approve three items related to social issues, in addition to limiting the recruitment of children, approving the item to continue and follow up the drying up of sources of terrorism and the reasons leading to it. To prepare a plan of action for the care of the elderly and the work of the ministry will be shared with the provincial councils. 
"The meeting discussed the role of the Arab councils and civil society organizations in fighting terrorism and reducing its social impact," she said, explaining that the resolutions and items approved during the meeting were submitted to the Arab summit council at its 30th ordinary session for approval. 
The agenda of the meeting of the Arab Economic and Social Council at the level of senior officials included ten items, the most important of which is the establishment of the Arab Space Group and climate change issues.
 
Iraqi ambassador in Turkey likely to hold a meeting between Saleh and Erdogan in Baghdad

 
29-03-2019
Baghdad 
Iraq's ambassador to Ankara, Hussein Mahmud al-Khatib, expected Wednesday a joint meeting between Iraqi President Barham Salih and his Turkish counterpart Recep Tayyip Erdogan in Baghdad soon. 
This came in a speech during an awareness campaign for Iraq organized by the Izmir Chamber of Commerce in western Turkey. 
Khatib pointed to the mutual trust between Turkish investors and Iraqi citizens, adding, 'We want to look for jobs and investment in Iraq, and offer investors all the guarantees'. 
He pointed to the existence of ties of brotherhood, religious and cultural relations and the relationship between Iraq and Turkey, in addition to the existence of common interests. 
"The deepening of trust between the two sides, especially during the last year, and increased frequency of mutual visits, and support for Turkey's territorial integrity of Iraq played a role in the development of those relations." 
He expressed his expectations for a meeting between the heads of the two countries in Baghdad after the Turkish local elections scheduled for the end of this week.
 
Kauaihn Iraq Articles:dd

Washington Reaffirms Support to Iraq to Ensure IS is Fully Defeated: Pompeo

 
BasNews 29/03/2019 - 00:27 Published in Iraq
 
US has reaffirmed its prolonged commitment to coordinate with Iraq to ensure the Islamic State (IS) is fully defeated, Secretary of State Mike Pompeo said on Thursday.
The US senior official made the remarks during a meeting with the Iraqi Parliament Speaker Mohammed al-Halbusi in Washington where they had talks on bilateral relations between the sides, according to reports.
Pompeo "reiterated that the United States’ support for a strong, sovereign, and prosperous Iraq, as outlined in our bilateral Strategic Framework Agreement, as well as ongoing U.S. efforts to assist in meeting Iraq’s critical development needs," State Department spokesman Robert Palladino said in a statement, as cited by Turkish media Anadolu Agency.
Earlier in February, US President Donald Trump said that he would keep his country's forces in Iraq to watch over Iran, after which, ties between Baghdad and Washington began to strain to some extent.
The US forces in Iraq have played a significant role in training the Iraqi forces, including the Peshmerga fighters, during and after the war against the Islamic State.
However, certain Shi'ite factions, who are known to be close to Iran, have intensified their efforts to oust the US and other foreign troops from Iraq.

Iraq's average oil exports in March reached 3.45 million b / d

 
29 March 2019
Mubasher: A recent report said that the average exports of southern Iraq's oil during the month of March is 3.45 million barrels per day .
Two oil officials told Reuters on Thursday that the average crude oil exports from Iraq's southern ports on the Gulf since the beginning of this month amounted to about 3.45 million barrels per day .
Exports from Basra ports in southern Iraq fell to 3.54 million bpd in February, compared to 3.556 million bpd in the previous month .
It is worth noting that Iraq produces less than its maximum capacity of about 5 million barrels per day, in line with OPEC's agreement to reduce oil supplies .
The Organization of Petroleum Exporting Countries (OPEC) and producers from outside have recommended an agreement in December to reduce crude production by 1.2 million barrels per day, beginning in January 2019 .

Begin cutting off some of Baghdad's streets in preparation for the rugby visit

 
Release date: 2019/3/29 11:33 • 70 times read
 
(Baghdad: Al Furat News) The General Directorate of Traffic announced on Friday the cutting of a number of streets, partly in the capital Baghdad, to secure a visit to the anniversary of the martyrdom of Imam Kadhim (p), which coincides next Tuesday. 
The spokesman of the Directorate, Brig. Gen. Ammar Walid, said in a statement: "The security forces began cutting off some roads, Zaafaraniya towards the intersection of the camp and then towards the obstacle Nafie and Fath (National Theater) towards Kahramana and Al-Firdous Square towards the tunnel Tahrir Square." 
He explained that the pieces included "the path of going only the opposite direction is now back and forth." 
Waleed said that the security forces "cut the bridge of the cycle from the new Baghdad up until the descent of the intersection of the camp as well as from the intersection of Andalusia towards Kahramana square and vice versa Kahramana towards the intersection of customs." 
The Baghdad Operations Command has announced, Thursday, the full details of the plan to secure the visit of Imam Kadhim {p} 
"The plan to secure the visit will start from 6 am on Saturday morning and will include the division of the city of Kadhimiya into several security hoops to protect visitors while preventing the movement of motorcycles in it and will ensure the atmosphere aircraft march," Baghdad Operations Commander Major General Jalil al-Rubaie told a press conference. 
He added that "the car load will also prevent the entry of Kadhimiya and prevent the wheels coming from the provinces to Baghdad as of Saturday." 
"All roads in Baghdad will be opened except in the direction of Kadhimiya and the 14 Ramadan Bridge will be open," he said. "The bridges that will be closed during the visit are the Sarafiya bridge and the Imams and the bridge will be closed." 
He pointed out that "there is continuous cooperation with the owners of processions and citizens to make the success of the visit Rajabip and measures have been taken regarding the possibility of parents of sick souls spread rumors to confuse the visit." 
It is noteworthy that the Council of Ministers had announced next Tuesday an official holiday in the capital only, in conjunction with the visit and several other provinces announced a similar decision. Ended

Baghouz: Coalition Jets Kill Tens of IS Insurgents

 
BasNews 29/03/2019 - 00:30 Published in Middle East
 
The US-led international coalition warplanes killed on Thursday tens of Islamic State (IS) jihadists in the village of Baghouz, eastern Syria, a monitoring group said.
The Syrian Observatory for Human Rights said in a statement that the airstrikes targeted the militants in the caves and underground hideouts and at least 50 extremists were killed, as cited by Kurdistan 24.
The Kurdish-led Syrian Democratic Forces (SDF), backed by the coalition aircrafts, announced the full victory over the militant group last week as the Kurdish fighters in Syria had been fighting against the jihadists since 2014.

Halabousi calls on American companies to invest in Iraq
29-03-2019 09:33 AM
US House of Representatives Speaker Mohamed Halboussi met Thursday with Senate Majority Leader Mitch McConnell.
According to a statement by the office of Halbusi, that 'was during the meeting discussed bilateral relations between the two countries, and ways to strengthen them in all fields'
"The extremist terrorist organization not only targets Iraq but targets the world, and the international community must unite to fight it," said Halboussi.
Noting that 'Iraq made sacrifices on behalf of the whole world and achieved the military victory with the blood of his sons and the support of friends, including the United States of America, and must defeat terrorism once and for all, there are pockets and sleeper cells, and this is another challenge that needs continued cooperation between Iraq and its friends; To eliminate this organization and its extremist ideology; for a prosperous, secure and stable Iraq '
He added that "one of the challenges we face is the return of displaced people and their stability, and the provision of services to citizens, and we call on international companies, including the United States to enter into investment. Iraq needs two types of projects, including long-term, such as the oil and energy sector, including short and medium in education, health and housing, "The circumstances are now more favorable than any other time, and the economic partnership between the two countries must be strengthened through projects that reach citizens directly."
For his part, McConnell expressed "the commitment of the United States to support Iraq and respect its sovereignty as a strong ally away from any threat and threat, and work to build economic relations in the interest of the two friendly peoples."
 
 
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ECONOMIC TIMES / CHATTER

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GLOBAL/NEWS/INFO


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

10 Things to Know for Today
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Among 10 Things to Know: Tanker hijacked by rescued migrants arrives safely in Malta; Adviser and allies warning Trump against issuing pardons; Winning $768 million Powerball ticket sold in Wisconsin Read the full story
This Is What Happens to Your Debt When You Die
Reader's Digest
Credit cards, a car loan, a mortgage—whatever debt you’re carrying around doesn’t just disappear when you die. Instead, your executor will pay it off using your assets, which means that unpaid debt can eat into what you’ve left behind for your heirs, explains Stefanie O’Connell, personal finance expert and author. She warns that “in some cases, your family members could even wind up on the hook for your debt.” And not all debt is created equal. In the case of secured debt, like mortgages or auto Read the full story


7 Most Powerful Personal Finance Habits You Need to Implement Right Now
Inc.
With good personal finance habits, you can cut costs, spend in ways that help your bottom line, and learn a sense of control over your money. What are you waiting for? Read the full story
OIL/COMMODITIES/ENERGY

Why Central Bank Gold Demand Is Reaching New Highs
TheStreet
A reticence to increase U.S. dollar exposure in 2018 resulted in highest central bank gold demand since the end of Bretton Woods. There was a point in the early 1990s when lunchtime London wine tipplers above a certain pay-grade would boast of being in the ABC club: "anything but Chardonnay." Now it seems central bank reserve managers have founded a rather less bibulous fraternity of their own, the ABD club: "anything but (U.S.) dollars." A snobbish revulsion to a grape that produces the finest Read the full story

Gold Prices Scale Fresh 1-Month High as U.S. Recession Fears Persist
Investing.com
Commodities Mar 27, 2019 12:25 GMT Investing.com - Gold prices rose on Wednesday to their highest level in around a month as investors continued to focus on fears of a possible recession in the United States. Comex gold futures tacked on $1.35, or about 0.1%, to $1,322.95 a troy ounce by 8:25AM ET (12:25 GMT), after going as high as $1,325.15, a level not seen since Feb. 28. Meanwhile, spot gold was trading at $1,317.15 per ounce, up $1.41, or 0.1%. U.S. bond markets have in recent days signaled Read the full story

Gold prices bounce around as stronger dollar offsets benefit of sliding bond yields
MarketWatch
Gold futures on Wednesday trade on either side of unchanged as a rally in government bonds across the globe, points to increased appetite for assets perceived as havens, but gains for bullion were kept in check by a firmer dollar. Read the full story

UPDATE 5-Oil prices steady on mixed supply signals
Reuters
* Venezuela exports disrupted after major power outage Read the full story

BANKS/BANKING/CREDIT

BOK Financial adds new wealth management capabilities with key hires
Benzinga
TULSA, Okla., March 27, 2019 (GLOBE NEWSWIRE) -- BOK Financial (NASDAQ:BOKF) has expanded its mortgage-backed security desks to enhance CMO capabilities through two key hires. Steve Palmer and Sung Cho will join the organization and head the financial institution's new issue CMO and agency CMO derivative businesses. The key additions continue the growth initiatives in the organization's agency structured products, pass-through and asset-backed securities. This move demonstrates the firm's Read the full story

UPDATE 1-Nigerian bond yields drop after surprise central bank rate cut
Reuters
(Adds details, quote, background) Read the full story

Banks brace for rocky returns as March proves bruising, analysts say
MarketWatch
Mortgage origination is up, but not enough to offset pressure from a flattening, or even inverted, yield curve, analysts say. Read the full story

A fintech entering the crowded wealth management space just nabbed nearly $9 million in funding from the VCs that backed Venmo, Monzo and Acorns
Business Insider
Jannick Malling, co-founder and CEO of Matador, is catering his app towards younger investors. Matador, a recently launched wealth management platform, announced nearly $9 million in early seed and Series A funding co-led by venture capital firms Accel and Greycroft. Matador co-founder and CEO Jannick Malling told Business Insider that the company will cater to younger, first-time investors by offering a community for them to interact with. The financial markets can be a scary place for the Read the full story

Wells Fargo's corporate bank struggles to regain footing
Reuters
Wells Fargo & Co's corporate bank has a revenue problem. Read the full story

Why banks are suddenly so interested in pitching ways to improve your wealth
Bankrate
Challenged by fintech startups, banks are pushing new services to customers. Read the full story

TREASURIES/BONDS/STOCKS

A return of inflation could turn markets on their head, warns Northern Trust
MarketWatch
Our call of the day, from Katie Nixon, chief investment strategist at Northern Trust, says investors are spending way too much time thinking about yield-curve inversions and not enough time thinking about this potential wildcard. Read the full story

The Dow's newest member: Dow Inc.
CNN Business
The Dow Jones Industrial Average is getting a new member — one with the perfect name. Read the full story

Opinion: Blame your index fund for why companies don’t do more to fight climate change
MarketWatch
Shareholder votes on the environment will likely fail, but there’s a more powerful option than divesting from Big Oil. Read the full story

A return of inflation could turn markets on their head, warns Northern Trust
MarketWatch
Our call of the day, from Katie Nixon, chief investment strategist at Northern Trust, says investors are spending way too much time thinking about yield-curve inversions and not enough time thinking about this potential wildcard. Read the full story

Why the inverted yield curve could send stocks below their Christmas Eve lows
Yahoo Finance
Capital Economics lays out the case for why an inverted yield curve is bad for stocks. Read the full story

Top 5 Things to Know in The Market on Thursday
Investing.com
Economy Mar 28, 2019 09:49 GMT Investing.com - Here are the top five things you need to know in financial markets on Thursday, March 28: 1. U.S. Q4 GDP - Final Estimate Following a batch of underwhelming economic reports, the final reading of fourth-quarter U.S. growth will be the main event for financial markets, as investors watch for further signals on the strength of the economy. The U.S. Commerce Department will release final figures on fourth-quarter economic growth at 8:30AM ET (12:30 GMT Read the full story


CRYPTO'S / DIGITAL CURRENCY
Bitcoin Again Rebounds From Strong Price Support
CoinDesk
Bitcoin has once more bounced from the 30-day moving average, thwarting a bearish move that saw prices drop below $3,920 on Monday. Read the full story

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Coins trade in green as market breaches $140 billion mark
AMBCrypto
The collective cryptocurrency market surged and broke the $140 billion mark for the first time in a week, as major coins turned green. Bitcoin [BTC] and Litecoin [LTC], the first and fourth largest virtual currencies in the market, saw commendable gains as EOS and Cardano [ADA] took the market by storm. Bitcoin saw a notable... Read the full story

Most Crypto Exchanges Still Don't Have Clear KYC Policies: Report
CoinDesk
Regtech startup Coinfirm has found that only 26 percent of crypto exchanges have a "high" level of anti-money laundering procedures. Read the full story

CURRENCIES

Into US session: Sterling higher as consolidation continues, global yields pressured again | Action Forex
Action Forex
Entering into US session, New Zealand and Australian Dollar remain the weakest ones undoubtedly. NZD is sold off sharply after RBNZ indicated that next move is a cut. AUD follows as RBNZ’s dovish shift somewhat solidifies that case for RBA cuts too. On the other hand, Sterling is the strongest one today. But again, the […] The post Into US session: Sterling higher as consolidation continues, global yields pressured again appeared first on Action Forex. Read the full story

Forex - U.S. Dollar Rises on Dovish Comments from More Central Banks; GBP Flat
Investing.com
Forex Mar 28, 2019 04:09 GMT Investing.com - The U.S. dollar rose on Thursday in Asia following more dovish comments from central banks. The British pound was flat after U.K. Prime Minister Theresa May said she would resign if Parliament supports her deal. The U.S. dollar index that tracks the greenback against a basket of other currencies was up 0.2% to 96.410 by 11:50 PM ET (03:50 GMT). Dovish comments from European Central Bank (ECB) President Mario Draghi sent worrying signals on slowing Read the full story
Pound LIVE: GBP Sterling holding ground against euro after Rees-Mogg U-turn on Brexit deal
Express
THE pound is trading in a narrow range this morning after advancing against the euro on Tuesday when Brexiteer Jacob Rees-Mogg signalled he would support Theresa May's EU withdrawal deal than risk Parliament cancelling Brexit. Sterling bounced against the eurozone currency, climbing above €1.170, after the comments from Mr Rees-Mogg who said the options were now "deal or potentially no Brexit”. The pound is marginally holding onto gains this morning and is trading at €1.1718 as of just before 08 Read the full story

Selloff in New Zealand and Australian Dollar Dominates on Rate Cuts Bets | Action Forex
Action Forex
Selloff in New Zealand and Australian Dollar is the main theme in Asian session today. Kiwi plummets after RBNZ stands pat and indicates that the next move is a cut. After that, a full RBZN cut in priced in November but there are speculations on as early as a May cut. At the same time, […] The post Selloff in New Zealand and Australian Dollar Dominates on Rate Cuts Bets appeared first on Action Forex. Read the full story
New Zealand dollar dives on dovish central-bank message
MarketWatch
The New Zealand dollar is the weakest major currency on Wednesday as its central bank joins the dovish message of its peers. Elsewhere, traders are focusing on the British pound ahead of many key Brexit votes later in the session. Read the full story

Singapore Exchange buys 20 percent stake in forex trading platform for $25 million
Reuters
Singapore Exchange Ltd, which is positioning itself as a multi-asset bourse, acquired a 20 percent stake in an upstart foreign exchange trading platform, BidFX, for $25 million, with an option to take a majority interest in the company. Read the full story

HEALTH / SCIENCE

We need to talk about a disease that afflicts 1 in 50 people
The Hill
We may never live in a world without brain aneurysms, but with the continued work of organizations like the Brain Aneurysm Foundation and advocacy of civic leaders, we can make them a lot less common. Read the full story

IAVI Announces First-in-Human Clinical Trial of Native-like HIV Envelope Vaccine Candidate
Global Banking & Finance Review
The International AIDS Vaccine Initiative (IAVI) announced the start of a Phase I clinical trial Read the full story

CymaBay Therapeutics Announces Multiple Presentations During The International Liver Conference™ 2019
Benzinga
NEWARK, Calif., March 27, 2019 (GLOBE NEWSWIRE) -- CymaBay Therapeutics, Inc. (NASDAQ:CBAY), today announced that multiple seladelpar presentations will be delivered during The International Liver CongressTM of the European Association for the Study of Liver (EASL) in Vienna, Austria from April 10th – 14th. Seladelpar is a potent and selective peroxisome proliferator-activated receptor delta (PPARδ) agonist currently in development for PBC and nonalcoholic steatohepatitis (NASH). The oral Read the full story

Bacteria in probiotics can evolve in your gut and turn nasty, study shows
The Independent
The “good bacteria” in probiotic drinks and remedies can evolve in the body and have the potential to become harmful, according to a study which calls for caution in the emerging field of treatment. Read the full story

Physicians fail to offer statins to more than half of eligible patients, study says
CNN
More than half of eligible American adults who are not on a cholesterol-lowering medication, or statin, say it's because their physician did not offer the option, according to new research. Read the full story

USA / CANADA

Recessions, and the fear that another one is just around the corner, explained
Vox
"For most people, the effect of a recession is fear, not an actual loss. It’s fear of loss." Read the full story

Negative earnings growth will weigh on economy: Morgan Stanley
Yahoo Finance
The next big test for the market will come during first-quarter earnings season, and so far it’s not looking good, according to Morgan Stanley strategist Mike Wilson. Read the full story

US trade deficit falls 15% as Americans buy less from China
CNN Politics
The monthly US trade deficit fell by nearly 15% in January, thanks largely to a shift with China as the two countries continue to negotiate a new trade agreement. Read the full story

Taxes From A To Z 2019: M Is For Medical Expenses
Forbes
It’s my annual Taxes from A to Z series! M is for Medical Expenses. Read the full story

This Tax Season
Forbes
Looking for form 1040EZ? You won't find it this year. Here's why. Read the full story
UPDATE 2-Canada trade deficit second highest on record due to cheap crude
Reuters
(Adds analyst reaction, dollar drops further, other details,background) Read the full story
EMERGING MARKETS


Russia confirms its military personnel arrived in Venezuela
New York Post

Russia defends sending troops to back up Maduro in Venezuela
CBS News
Venezuela hit with another blackout, 91 percent without internet
The Hill
A second blackout in less than a week occurred in Venezuela on Wednesday, leaving the vast majority of the country's residents without internet connections or other electrical needs. Read the full story

Brazil energy firm Eneva announces secondary share offering
Reuters
Brazilian energy firmEneva SA announced a secondary offering of 49.97million shares in a securities filing on Wednesday, confirmingan earlier Reuters report. Read the full story


MIDDLE EAS

Tense calm on Gaza-Israel border after flareup
Reuters
Schools reopened in southern Israel and traffic clogged Gaza's streets on Wednesday in signs of a pullback from the most serious escalation of cross-border fighting in months. Read the full story

Palestinian volunteer medic killed by Israeli forces in Bethlehem
Aljazeera
Israeli forces shot and killed an 18-year-old Palestinian medic after the army raided a refugee camp in Bethlehem in the occupied West Bank. Sajid Muzher was shot in the abdomen and later died on the operating table at the Beit Jala Hospital, Palestinian medical sources said. The sources added that the young man was killed when Israeli soldiers opened fire while he was wearing a medic's vest trying to save the injured protesters in the Dheisheh refugee camp. Witnesses pointed out that the Read the full story

U.N. Security Council to meet over U.S. Golan Heights decision
Reuters
The United Nations Security Council will meet later on Wednesday, at the request of Syria, over U.S. President Donald Trump's decision to recognize Israel's sovereignty over the Golan Heights. Read the full story

UPDATE 2-Dubai economic growth at its slowest since 2009 debt crisis
Reuters
(Updates story with revised 2017 GDP figures) Read the full story

Mosul After Daesh: Iraqi govt fails to rebuild city
TRT World
Mosul After Daesh: Iraqi govt fails to rebuild city Read the full story

AFRICA

Uganda: Government, Chinese Firm Sign Shs500b Oil Roads Deal
AllAfrica
Kampala Government yesterday signed a multi-billion deal with the China Railway Seventh Group to design and construct Masindi-Biso, Kabaale-Kizirafumbi and Hohwa-Nyairongo-Kyarushesha-Butole road. The 97km road is part of the 700km critical oil roads that are supposed to be tarmacked ahead of onset of oil production in 2021. Officials from Uganda National Roads Authority (Unra) say the road construction will cost Shs504b and is expected to be completed within 36 months, with two years defects Read the full story

Nigeria: Central Bank Slashes Lending Rate
AllAfrica
Nigeria's central bank (CBN) has slashed the Monetary Policy Rate (MPR) from 14 per cent to 13.50 per cent. The decision was reached at the Monetary Policy Committee (MPC) meeting of the CBN on Tuesday. The MPR is the rate the CBN lends to commercial banks. It had remained unchanged at 14 per cent for 30 consecutive months or 15 meetings of the MPC, since July 2016. It moved from 12 per cent in June 2016. The cut in the MPR is the first time since the CBN decided in July 2016 to pursue a tight Read the full story

Africa: Only One Country Needed to Realise Africa Single Market
AllAfrica
Ethiopia last week ratified the African Continental Free Trade Area (AfCFTA), leaving only one more ratification for it to take effect. Twenty-two ratifications are required for the agreement to enter into force and so far 21 countries have ratified their instruments. Since the March 2018 AU Summit in Kigali when the continental pact was launched and signed by 44 states, eight more -- South Africa, Sierra Leone, Lesotho, Burundi, Namibia, Guinea Bissau, Botswana and Zambia -- have signed. Only Read the full story

Zimbabwe: Cyclone Idai - Bulawayo Runs Out of Bananas, Vegetables
AllAfrica
Cyclone Idai's negative effects have turned economic, with severe shortage of fruits and vegetables in Bulawayo, it has emerged. The hostile weather phenomenon ripped through Manicaland's south eastern districts of Chimanimani and Chipinge leaving a trail of death and destruction as well as overturning livelihoods overnight. According to vendors in Bulawayo, Chimanimani and Chipinge are the major suppliers of fruits and vegetables to the country's second largest city. The infrastructural Read the full story

Zimbabwe: RBZ Directive On RTGs Dollar Use, Export Incentive Cancellation Illegal
AllAfrica
Bank of Zimbabwe (RBZ) Governor John Mangudya's Monetary Policy Statement (MPS) contains serious irregularities, as regards the introduction of RTGS dollars, withdrawal of export incentives and cancellation of Bureau de Change licences, legal watchdog Veritas said this week. In its latest legal commentary, Veritas argues that Statutory Instruments 32 and 33 of 2019 made under Presidential Powers Act does not legally make the RTGS dollars a medium of exchange. The Central Bank's move to cancel Read the full story

ASIA

China could play big role in Venezuela’s ‘reconstruction’, IADB representative says
South China Morning Post
The Venezuelan representative at the Inter-American Development Bank has suggested China could take a big role in the country’s “reconstruction”, even after Beijing denied him a visa – leading the IADB to scrap a meeting in a Chinese city this week… Read the full story

Stocks in Asia mixed as concerns over global growth linger
CNBC
Stocks in Asia were mixed on Wednesday as investor concerns over the outlook for the global economy lingered. Read the full story

China is the big winner from Europe's Brexit chaos
CNN
European Union leaders sat down last week for what was supposed to be a summit meeting to discuss China, perhaps the biggest external economic and diplomatic challenge currently facing the EU. Read the full story

US-China trade deal may not come until May or June, expert says
CNBC
A new round of U.S.-China trade talks are due to kick off in Beijing on Thursday — but a deal will not likely come until May, or even June, says Charles Dallara, Partners Group chairman of the Americas. Read the full story
EUROPE

Brexit extension could be until 31 March 2020, EU documents reveal
the guardian
Exclusive: Date was to be offered at leaders’ summit if May had sought a longer delay The EU has pencilled in April Fools’ Day 2020 as a leading option for Britain’s first day outside the bloc, should the UK government ask Brussels for a lengthy extension of article 50 in three weeks’ time, it can be revealed. The date was to be offered at the leaders’ summit last week if Theresa May had followed through on her promise to request a short extension in the event of passing her Brexit deal, and a Read the full story

Parliament is taking control of Brexit. Here are some of the alternative options it's looking at
CNN
A guide to the main Brexit options: Theresa May's deal, Norway Plus, or Common Market 2.0, permanent customs union, no deal, Canada-style free trade agreement, and revoke Article 50 Read the full story

Theresa May expected to offer her job for Brexit deal as lawmakers prepare to vote
CBC News
British Prime Minister Theresa May is expected on Wednesday to indicate a date for quitting as the price for getting her twice-defeated Brexit deal ratified, while Parliament tries to select its own alternative from a multiple-choice list of options. Read the full story

The EU is ignoring US calls to boycott Huawei in its 5G roll-out despite security concerns
Business Insider
The EU on Tuesday recommended a set of security guidelines for the rollout of its 5G networks, ignoring calls made by the US to ban Chinese tech giant Huawei from supplying technology for the next-generation network. The US has long voiced concerns that Huawei technology - along with its fellow Chinese telecom company ZTE - could pose a security risk, fearing that the company's technology could act as a backdoor for the Chinese government to spy on the West. In recent months Australia has banned Read the full story

European Central Bank ready to act if trouble hits economy
ABC News
European Central Bank head Mario Draghi says the eurozone's top monetary authority is ready to take further action if the current uncertain economic outlook takes a sudden turn for the worse Read the full story
d
 
CBI, ISX, Kauaihn Chatter:
 
CBI Update:
 
 
The CBI Closed on Friday
 
ISX Update:
 
 
Kauaihn Chatter:dd
 
 
 
3-28-2019  Intel Guru RayRen98   Thursday afternoon update:   New US bank rates reported:  Dinar - $3.51 to $4.43; Dong - $0.47 to $2.23.   The Iraqi Minster of Finance requested that all ministries convene and have financial reports completed for implementation of the 2019 budget.  [How long? Not long!]  Iraqi TV was broadcasting the past Prime Minister Abadhi stating that the process to arrest past Prime Minister Maliki for the downfall of Mosul was initiated and requested that present Prime Minister Madhi enforce that decision.  An announcement regarding Iraq's financial situation pertaining to its currency is expected on Saturday. Time Will Tell!  

3-28-2019   Intel Guru MarkZ   I am feeling good today...still at 99.9% to see everything in March or at least by April 1st.   I expect to be able to see it, touch it and taste it by then…The amount of news we are getting is encouraging…it was very quiet then suddenly it’s like a dam breaking...   I am trying to get it all together to know where we are...The news from Iraq is crazy good...they are talking up a storm…I am still hearing they expect a new rate on Saturday...I feel we are in an any minute… imminent ...sitting on the edge of our seats waiting for this to happen…these are every phrase I hate...but right now they are true. ...things I am seeing from all sources all over the place its crazy.  They always said it would be nuts at the end…which is where we are imo... Hopefully I will have you a very good update by tomorrow am.
 
 
3-28-2019   Newshound/Intel Guru Mnt Goat  Article:  "INCREASE SALARIES OF KURDISTAN REGION BY "ONE-AND-A-HALF"    They are getting ready to open the budget and pay the salaries. Once they open this budget will be our deciding factor… How can they afford to increase them so high without oil revenue increases? Do they know something we don’t?
3-28-2019   Newshound Guru Kaperoni  ...parliament has only passed 1 law in the last 6 months.  We need these critical laws passed so investment will begin to come in to Iraq.

3-28-2019   Newshound/Intel Guru Mnt Goat   Article:  "CBI: PROJECT DELETION OF ZEROS FROM THE CURRENCY STILL EXISTS"  Article is telling us the CBI already collected the needed amount of IQD three zero notes out of circulation and is ready to proceed but had to wait due to delay due to security events and the control of the state regulation on five provinces by ISIS.  Why would they tell us this if they were not now ready to move ahead again? Oh – but they did tell us they are moving ahead again. We just need to wait a little longer as they complete the final touches on this process. The target is still to go by the end of March. They need to pay the Kurdish salaries and other payments and benefits to other citizens in Iraq. They need to open the 2019 budget.

3-28-2019   Intel Guru MarkZ   I expect Friday Night to Sat for everything to bust!  ...We are hearing It was supposed to go earlier this week but got pushed back two days.   So I am looking at the 29th-31st.  I have  great news that I can’t share ...wish I could.  I still believe everything will go 99.9% by the 31st...I  just don’t know what day.   Iraq expects new rates on Saturday and the dinar be tradeable by Sunday.  I still expect 800 numbers this weekend...I was told by excellent sources today that I should be excited.
 
 
3-27-2019 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA Article quotes: "Faleh al-Fayyad has officially moved away from the post of interior minister...the matter will be RESOLVED IN THE NEXT FEW DAYS" No new date given when parliament intends to vote on these positions.
 
 
Elmer:
 
Not in today
 
Artmeister:
 
Not in today
 
Catnip:
 
 
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ARTICLE 1-A (from PM Mahdi's website; posted on both Arabic and English sides)

The Supreme Council for Combating Corruption holds its eighth session under the chairmanship of the Prime Minister, Adel Abdul Mahdi

The Supreme Council for Combating Corruption held its eighth session under the chairmanship of the Prime Minister, Mr. Adel Abdul-Mahdi and the members of the Council.

The session started by reading Al-Fatihah on the spirit of the head of the Integrity Commission, Judge Ezzat Tawfiq Jaafar. The Prime Minister praised the great role and dedication of his duties as an example of an efficient, experienced and professional executive.

The Council continued the latest findings of the investigations in a number of cases and stressed the need to accelerate the completion.

The Council considered all the issues on its agenda, Where he reviewed the latest measures in the province of Nineveh and the accompanying removal of the governor and the assignment of a crisis cell to conduct the affairs of the province to prevent any security or service vacuum hurts our people in Mosul, and carefully followed the results of investigations in the accident that killed dozens of our dear people.

The Council listened to a detailed study prepared by the Supreme Judicial Council on the scourge of drugs and the measures that should be taken in this regard.

I also listen to a joint report prepared by the Office of Financial Supervision and the Office of Inspector General of the Ministry of Interior on border ports and procedures to reduce the phenomenon of smuggling and smuggling smuggling and to ensure its work.

The Prime Minister has to look at the fees received from citizens in exchange for the services provided to them and achieve justice by not burdening the poor, especially as some began to take this issue a section of corruption.

Media Office of the Prime Minister
28 March-2019

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ARTICLE 1-B (from PM Mahdi's website; posted on both Arabic and English sides)

Prime Minister Mr. Adel Abdul Mahdi receives the President of the Lukoil Company Mr. Fagit Al-Kabirov

The Prime Minister received Mr. Adel Abdul Mahdi in his official office, President of Lukoil Company, Mr. Fagit Al-Kabirov, and discussed the company's work in Iraq and opportunities for increasing investments and cooperation.

The Prime Minister stressed that Iraq is proud of its strategic relations with Russia and in partnership with Lukoil, and we are interested in the advancement of the Iraqi economy and make progress in the investment process, pointing to the need for Iraq to build refineries and the provision of oil derivatives and not just export oil.

The head of Lukoil company reviewed the work being done by the company and its investment projects in the field of development of production and extraction in the oil fields and future plans in the light of the need of Iraq, noting that the company discovered oil reserves in the area (10) in Muthanna province, confirming the readiness of the company to meet the requirements of the Iraqi oil sector and to provide expertise And training for Iraqi staff.

The meeting was attended by Deputy Prime Minister for Energy and Minister of Oil Thamer Ghadhban.

Media Office of the Prime Minister
28 March-2019

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

Prime Minister Adel Abdul Mahdi Receives Special Envoy of the Indonesian President for the Middle East and the Organization of Islamic Cooperation Mr. Alawi Shehab
Prime Minister Adel Abdul Mahdi received in his official office the Special Envoy of the Indonesian President for the Middle East and the Islamic Cooperation Organization Mr. Alawi Shehab.

He welcomed the Indonesian president's envoy and his delegation, stressing that Indonesia is the largest Islamic country and we cherish its economic growth, feel the rapprochement between the two countries and the two peoples and look forward to benefiting from its successful experience.

The Prime Minister added that he is calling for cancer in the body of the Islamic nation, which must cooperate and work to eradicate the idea and lack of moderation and promote moderation and moderation among Muslims.

The envoy said that Indonesia sees Iraq as a successful example of confronting terrorism and extremism and defeating them and thwarting the disgraceful designs and actions that harm the image of Islam. He expressed his country's desire to increase cooperation in the economic, energy and investment fields and called for facilitating the entry of Indonesian citizens wishing to visit religious shrines in Iraq. And to organize regular flights in this area that enhances the tourism movement and the relationship between the two Muslim peoples.

Media Office of the Prime Minister
28 March-2019

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ARTICLE 2 (from Government of Iraq twitter account)

At the time this report was submitted, there were no new tweets posted on the Government of Iraq twitter account.

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ARTICLE 3

The parliament session was adjourned to April 9 after the first reading of five laws

BAGHDAD, March 28 (UPI) - The Chamber of Deputies adjourned its session on Tuesday 9/4/2019. After completing its seventh session of the second legislative term for the first legislative year in the fourth parliamentary session under the chairmanship of Hassan al-Kaabi, The first reading of five laws and a vote on the decision on border crossings.

The committee recommended expanding the committee by adding a president or a representative of the committees of law and integrity, services, regions, security and defense and hosting the concerned in the ministries and concerned bodies in the center or in the Kurdistan region within 14 days and punish those who refrain from attending through the use of constitutional methods. The House of Representatives in a secret session.

The Council voted to approve the recommendations of the Financial Committee on border ports.

The Council completed the first reading of the draft law on ratifying the agreement on accelerating economic and energy cooperation between the Government of the Republic of Iraq and the Government of the Republic of South Korea submitted by the Foreign Relations, Oil, Energy, Natural Resources, Economy and Investment Committees to contribute to the economic development of the Republic of Iraq and the Republic of Korea through cooperation in the fields of Economic support and energy support based on the principles of reciprocity and equality and for the ratification of the agreement between the governments of the two countries.

The Council completed the first reading of the draft law for the ratification of the headquarters agreement between the Government of the Republic of Iraq and the International Committee of the Red Cross, submitted by the Committee on Foreign Relations, which comes in view of the desire of the Republic of Iraq to give the ICRC a role to carry out its humanitarian tasks in providing protection and assistance in order to alleviate the suffering of humanity The Iraqi people without discrimination.

The Council of Representatives also ended the first reading of the proposed law of the first amendment to the law of elections of provincial councils and districts No. (12) for the year 2018 and submitted by the legal committees and regions and governorates not organized in the province, for the purpose of holding free and fair elections for the provinces are not organized in the province and its districts and to be elections A democracy far from external influences and in order to raise the elections to the required level.

In the session presided over by Deputy Speaker of the House of Representatives d. Bashir Haddad, the Council completed the first reading of the proposed health insurance law submitted by the Health and Environment Committee to ensure the quality of health services and access to citizens everywhere in the country at any time and to alleviate the financial burdens of citizens and reduce poverty and achieve the principle of social solidarity and health justice.

The Council postponed the first reading of the draft law of the Information and Communication Authority, submitted by the committees of services and reconstruction, culture, information, tourism and archeology at the request of the relevant committees.

Al-Kaabi and the two committees of services, culture and media held a meeting to agree to come out with a recommendation to read the law or merge the existing laws in this regard because there is a need to benefit from the resources obtained from the telecommunications sector, noting that the presence of the Ministry of Communications and its desire to exercise its role and authority on the technical aspect of communications, To reach an agreement on their work.

The Council concluded a report and discussion of the proposed amendment to the First Law of the Iraqi Academy of Sciences No. (22) for the year 2015 submitted by the Higher Education and Scientific and Legal Research Committees.

The interventions focused on the importance of subjecting all employees of the Academy to the provisions of the civil service law, salaries of state employees and the law of owners, and that the employees of the complex receive the salaries of the employees of the Council of Ministers.

In its response to the interventions, the competent committee confirmed that the amendment of the Academy of Sciences in 2015 deprived in one of its paragraphs the rights of the employees of the complex and the amendment aimed at restoring their rights.

The First Deputy Speaker of the House of Representatives stressed the importance of the role of the Iraqi Academy of Sciences as it includes the finest professors of Iraq and researchers in the scientific and humanitarian fields and it is unfair to establish differences between the scientific community and universities. Finished

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ARTICLE 4

Halabousi discusses with Pence the continuation of the international coalition to provide security and intelligence support to Iraq
2019/3/28 18:47
[Follow-up]
President of the House of Representatives Mohamed Halbusi, on Thursday, with US Vice President Mike Bens continued the international coalition to provide security and intelligence support to Iraq.
"During the meeting, the two sides discussed bilateral relations between Baghdad and Washington, and files of common concern, and continued cooperation between the two countries in all fields," the media office said in a statement received by the INA agency.
He added that the two sides discussed efforts to eliminate terrorism, combat extremist ideology and eliminate the sources of its funding, and the continuation of the international coalition led by the United States of America to provide security and intelligence support to Iraq in this regard and to emphasize the need to activate the investment file in several areas and support the Iraqi government to provide the necessary services For citizens and job creation. "
"The meeting also dealt with the issue of the return of the displaced, securing the liberated areas, as well as discussing the situation of minorities in Iraq, stressing the need to return to their areas and provide the necessary means for stability.

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ARTICLE 5
President of the Republic of the social elite in Wasit: Iraq is ahead of developments and positive changes

WASSIT, Iraq, March 28 - President Barham Saleh confirmed that "Iraq is capable and able to achieve the required benefits because its people are Egypt to end the crises it is going through."

He said in a speech during a meeting with social and cultural elites, tribal leaders and dignitaries in Wasit province on Thursday that "regional and international openness is important, but the national interest should prevail, and we are proud of our neighbors, but our interest is the first. It is clear that he is capable and active in the regional and international system and will not accept to be the arena of conflict and rivalry to other countries. "
He explained that "corruption and terrorism are two sides of a single currency and its fight has not been accomplished. It requires legal measures and support from the community and civil activities to enable the state to end this crisis, praising the determination of the good people to move the country to the stage of construction, reconstruction and stability."

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ARTICLE 6

Method of keeping fruits fresh for two weeks without cold

The food waste is one of the biggest challenges of our time, especially with regard to fruit, and according to some estimates, people are wasting one-third of what is grown from fruit.

One Malaysian company claims to have found a simple and effective solution to the problem, a small sticker that would prolong the fruit to stay fresh for two weeks, according to Notizie delmondo.

A Malaysian firm known as Stixfresh has succeeded in creating a small adhesive that contains a special combination of natural substances that will slow the maturation process, keeping fruit fresh for longer.

Stixfresh is made of 100% organic material containing a mixture of ionized sodium chloride and honeywax, which helps to slow the bacterial activity in the fruit and thus delay its maturation process and then decompose it. The company stresses that the adhesives are so safe that they may be edible.

Zafri Zinodin, the company's founder, claims that the idea of ​​the glue came to his mind four years ago after a friend of his ran a fruit shop. The man complained about losing money every day because of the rotten fruit.

Xenodin's cooperation with Selangor State University, Malaysia's Putra University and research institutes such as the Industrial Research Institute, took three years to complete the production process.

Initially the adhesive was designed to extend the life span of mango only, but later the company realized that it also proved effective on other fruits of the same size, such as avocados, papaya, apples and pears.

Stixfresh is not yet available in all markets, and the manufacturer is launching a fundraising campaign to raise funds for the manufacture of the product.
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