WOTS Monday 5/6/19:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1163.0000 | 1163.0000 | 1163.0000 | | 04:27 |
| USD/VND | | | 22827.0000 | 22827.0000 | 22827.0000 | | 04:28 |
| USD/CNY | | | 6.7640 | 6.7336 | 6.7336 | | 04:36 |
| USD/KWD | | | 0.3037 | 0.3035 | 0.3037 | | 04:36 |
| GBP/USD | | | 1.3170 | 1.3106 | 1.3135 | | 04:40 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14346.0000 | 14157.0000 | 14260.0000 | | 04:35 |
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IMF Staff Completes 2019 Article IV Mission on Iraq
May 6, 2019
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.
- Near-term vulnerabilities subsided in 2018, with the budget in surplus and a build-up in central bank reserves. Post-war reconstruction has been limited so far.
- Fiscal deficits are projected to rise over the medium term, absent policy changes, and it will be hard to sustain capital spending. Growth is likely to slow markedly.
- Tight control over current spending, particularly wages, and phased measures to boost non-oil revenue would make space for scaling up public investment and building fiscal buffers.
An International Monetary Fund (IMF) team led by Gavin Gray visited Amman from April 26 to May 2, to hold discussions with the Iraqi authorities in the context of the 2019 Article IV Consultation. At the end of the visit, Mr. Gray made the following statement:
“The end of the war with ISIS and a rebound in oil prices provide an opportunity to rebuild the country and address long-standing socio-economic needs. However, the challenges to achieving these objectives are formidable. The economic recovery has been sluggish, post-war reconstruction is limited, and large current spending increases risk placing the public finances and central bank reserves on an unsustainable path. Moreover, combatting corruption is critical to promote the effectiveness of public institutions and to support private-sector investment and job creation.
“Near-term vulnerabilities subsided in 2018, with the budget in surplus and a build-up in central bank reserves. Non-oil growth is expected to increase to 5.4 percent in 2019 on the back of higher investment spending. However, fiscal deficits are projected to rise over the medium term, requiring financing that may crowd out the private sector or erode central bank reserves. In these circumstances, it would be hard to sustain capital spending, and growth would slow markedly.
“Policy changes and structural reforms—including to improve governance—are therefore essential to maintain medium-term sustainability and lay the foundations for inclusive growth.
“Fiscal policy should aim to scale up public investment gradually while building fiscal buffers. To make space for this, staff recommends budgetary savings of around 9 percent of GDP over the medium term through tight control of current spending, particularly public-sector wages, and phased measures to boost non-oil revenue. Setting ceilings on current expenditure in the 2020 budget onwards would strengthen the fiscal framework’s capacity to support higher capital spending and to adapt to oil price shocks. Key reforms should include:
- Containing public-sector wages. Spending pressures could be dampened in the short run through compensation measures such as capping allowances, bonuses and other non‑base wage payments, and by not fully replacing retirees. Structural measures will be required over the medium term, based on a functional workforce review as well as deeper civil service reform once new HR management and information systems are in place.
- Electricity reforms are key to addressing the weak quality of service and reducing the high budgetary costs, due to modest tariff rates, chronic non-payment of electricity bills, poor maintenance and over-reliance on expensive generation sources, coupled with losses throughout the generation, transmission, and distribution process. It would be important to ensure that the poor and most vulnerable are protected throughout this reform.
- Bolstering public financial management. Enhancing the legal framework and improving commitment and other control systems are key to minimizing misuse of public resources and restoring budgetary discipline.
“In the financial sector, a robust plan to restructure the large public banks coupled with enhanced supervision is essential to secure financial stability and will help promote financial development and inclusion. Strengthening anti-money laundering and countering financing terrorism (AML/CFT) controls and oversight will help prevent Iraq’s financial sector from being misused for the laundering of criminal proceeds and terrorist financing.
“Addressing governance weaknesses and corruption vulnerabilities is critical to achieving the described policy objectives. As a first step, the authorities need to develop a comprehensive understanding of the corruption risks present in Iraq and then implement policies to tackle these risks in a coherent and coordinated manner. The legislative framework needs to be strengthened to effectively prevent officials from abusing their position or misusing state resources. To this end, laws strengthening the asset declaration regime and criminalizing illicit gains should be rapidly adopted. Furthermore, the independence and integrity of bodies involved in combatting corruption should be ensured and the AML/CFT regime should be mobilized to support anti-corruption efforts.
“The team will prepare a report that, subject to management approval, is tentatively scheduled to be considered by the IMF’s Executive Board in July 2019.
“The IMF team would like to thank the authorities for the candid and constructive discussions during this visit.”
IMF Communications Department
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DC NY Iraq Articles:d
Karbouli congratulates Ramadan by calling for the release of detainees and revealing the fate of the missing
06-05-2019 11:11 AMBaghdad
The Secretary-General of the Party of Solution MP Mohammed Karbouli congratulated on Monday, by the month of Ramadan, calling for the release of detainees and the fate of those absent.
Karbouli said in a tweet on his Twitter account: "The best congratulations and blessings we offer to our Iraqi people for the occasion of the holy month of Ramadan."
"We hope the government will take the initiative to take decisions to intervene in the hearts of Iraqis, whether by providing economic support or the release of innocent detainees or to reveal the fate of the absentees and return them to their families on the occasion of the holy month .. Happy year.
And the tail of Karbouli Bhagatak "# Ramadan _ months of compassion".
Kurdistan Democratic Party: The process of running and election for the post of President of the Kurdistan region will begin in the next few days
06-05-2019 12:18 AM
The head of the Democratic bloc in the parliament of Kurdistan, Omid Khushnau, on Sunday, the process of running for office and the presidency of the province will begin in the coming days.
"The process will continue for several days, and after the president of the region receives the confidence of the parliament, the Democratic Party will be the first winner in the legislative elections to submit its candidate for the presidency of the provincial government," Khoshnao said in a press statement,
He added that 'after the voting session on the activation of the institution of the presidency of the Kurdistan region is elected President of the Kurdistan region,' noting that 'the candidate for the presidency of the provincial government to submit his proposed cabin to Parliament within 30 days only'.
Saleh: Iraq is a rich country and the need to activate the private sector
Editorial date: 2019/5/6 12:25 • 79 times scheduled
(Baghdad: Al-Furat News) President Barham Saleh stressed the need to address the obstacles and problems that hinder the work of the private sector, developing the various sectors to build a strong and cohesive economy.
During his meeting at the Peace Palace in Baghdad on Monday, President Saleh stressed the importance of enhancing the role of the private sector and allowing it to be involved in the process of reconstruction and reconstruction through the provision of economic climates and opportunities. As well as the role of this sector in supporting the government program adopted by the Prime Minister.
He explained that "Iraq is a rich country possessing human capabilities and expertise and natural resources that give wide prospects to the private sector." He stressed that "the private sector should seek to establish positive relations with its counterparts from fraternal and friendly countries and benefit from their expertise in various fields."
In turn, the President of the Union explained the activities of the Chambers of Commerce in the provinces and their contribution to the economic movement in the country, appreciating the President's support for the private sector to take its full role.
He explained that "Iraq is a rich country possessing human capabilities and expertise and natural resources that give wide prospects to the private sector." He stressed that "the private sector should seek to establish positive relations with its counterparts from fraternal and friendly countries and benefit from their expertise in various fields."
In turn, the President of the Union explained the activities of the Chambers of Commerce in the provinces and their contribution to the economic movement in the country, appreciating the President's support for the private sector to take its full role.
The Ministry of Finance discusses oil prices and avoid any deficit in the budget
Release date: 2019/5/6 12:37 • 65 times scheduled
{Baghdad: Al-Furat News} The Ministry of Finance discussed oil prices and avoid any deficit in the budget.
A statement by the Office of the Minister of Finance received the agency {Euphrates News} a copy of it, "Deputy Prime Minister and Minister of Finance Fouad Hussein, chaired the meeting of the budget strategy for the year 2019 During the meeting, which was attended by a number of advisers in the advisers and the Under Secretary of the Ministry of Finance and Directors General and heads of financial services In the ministries and representatives of the Kurdistan region; discuss the economic and financial issues of the general budget and operating expenses and current budget revenues and oil prices and the establishment of mechanisms to avoid any deficit gets the budget.
He added that "consideration was also given to the participation of the Kurdistan region in the preparation of the budget, where the audience put forward multiple views in order to avoid any deficit gets the budget as well as seek to increase revenues and reduce expenses, on the other hand, the issue of addressing the liquidity shortage that led to borrowing during the previous budgets.
The statement pointed out that "the agreement has been on the formation of specialized committees to determine the policy of the budget, taking into account the maximization of imports and reduce the over-expenditure to eliminate the fiscal deficit in some ministries also attended the meeting Directors-General of the Ministry of Finance and its departments."
He added that "consideration was also given to the participation of the Kurdistan region in the preparation of the budget, where the audience put forward multiple views in order to avoid any deficit gets the budget as well as seek to increase revenues and reduce expenses, on the other hand, the issue of addressing the liquidity shortage that led to borrowing during the previous budgets.
The statement pointed out that "the agreement has been on the formation of specialized committees to determine the policy of the budget, taking into account the maximization of imports and reduce the over-expenditure to eliminate the fiscal deficit in some ministries also attended the meeting Directors-General of the Ministry of Finance and its departments."
KDP to Support Future Nineveh Governor Conditionally
BasNews 06/05/2019 - 00:11 Published in Kurdistan
The ruling Kurdistan Democratic Party (KDP) has said that it will support the future governor of Nineveh conditionally, one of which is to see justice among all components in the disputed areas.
Talking to BasNews, Ali Khalil, a KDP representative in Mosul city, pointed out that the person whom they vote for should practice equity and provide public services to residents, and work for ousting the non-local forces from the province.
He also has to make efforts to implement article 140 from the Iraqi Constitution, while serving all diverse religious and ethnic groups equally from Sinjar to Makhmour.
Concerning the appointment of a new governor for Nineveh with a deputy, Khalil revealed that the Arabic factions have not reached any agreements to appoint anyone for the post of the governor, but that the KDP could nominate an official for the position of deputy governor within hours.
The major Kurdish party stressed that it would spare no efforts to put an end to the process of arabization and changing of demography in the area, accusing the pro-Iranian Hashd al-Shaabi militias of attempting to do so.
Urgent Democratic and National agree on the formation of the provincial government
Release Date: 5/5/2019 • 33 times scheduled
(Baghdad: Al Furat News) The Kurdistan Democratic Party and the Patriotic Union of Kurdistan agree on the formation of the Kurdistan Regional Government.
"The two parties have reached a final agreement on power-sharing and the formation of the government in the region," a well-informed source said.
A delegation from the Kurdistan Democratic Party led by the party's deputy chairman, Nechirvan Barzani, has visited the city of Sulaymaniyah today to agree on the final formation of the Kurdistan government.
A delegation from the Kurdistan Democratic Party led by the party's deputy chairman, Nechirvan Barzani, has visited the city of Sulaymaniyah today to agree on the final formation of the Kurdistan government.
Kauaihn Iraq Articles:dd
HH The Amir receives the Ambassadors of Iraq and Armenia
His Highness the Emir Sheikh Tamim bin Hamad Al-Thani received in his office at the Emiri Diwan yesterday the credentials of HE Mr. Omar Ahmed Karim Al-Barzanji, Ambassador of the Republic of Iraq, and HE Mr. Kigam Karbijanian, Ambassador of the Republic of Armenia. At the beginning of the interview, HH the Amir welcomed the new ambassadors and wished them success in their missions and the relations between the State of Qatar and their countries further development and development. On their part, the ambassadors conveyed to the Emir the greetings of the heads of their countries and their wishes to the Qatari people for further progress and progress. The two ambassadors had earlier received an official reception ceremony at the Emiri Diwan.
His Highness reviews energy cooperation relations with the Iraqi Oil Minister
Monday, 06 May 2019
His Highness the Emir Sheikh Tamim bin Hamad Al Thani received at his office at the Emiri Diwan yesterday His Excellency Thamer Abbas Al Ghadhban, Deputy Prime Minister for Energy Affairs and Oil Minister of the Republic of Iraq, for the occasion of his visit to the country.
At the beginning of the meeting, His Excellency Mr. Thamer Al Ghadhban conveyed the greetings of His Excellency Dr. Barham Salih, President of the Republic of Iraq, to His Highness the Amir and his wishes to the Qatari people for further development and development.
During the meeting, the relations of cooperation between the two countries were reviewed, especially in the field of energy. d
His Highness the Emir Sheikh Tamim bin Hamad Al Thani received at his office at the Emiri Diwan yesterday His Excellency Thamer Abbas Al Ghadhban, Deputy Prime Minister for Energy Affairs and Oil Minister of the Republic of Iraq, for the occasion of his visit to the country.
At the beginning of the meeting, His Excellency Mr. Thamer Al Ghadhban conveyed the greetings of His Excellency Dr. Barham Salih, President of the Republic of Iraq, to His Highness the Amir and his wishes to the Qatari people for further development and development.
During the meeting, the relations of cooperation between the two countries were reviewed, especially in the field of energy. d
Abdul Mahdi congratulates the Iraqi people by the holy month of Ramadan
11:32 - 06/05/2019
Baghdad Mawazine News
Prime Minister Adel Abdul Mahdi congratulated the Iraqi people by the holy month of Ramadan.
We stand to congratulate the entire Islamic nation and all the Iraqi people by the month of Mercy, forgiveness, freedom from fire, days of fraternity, affection and rapprochement between the sons of one nation. "
He added: "God save Iraq and its people, and returned the holy month of his days and nights and hours to our country as it travels security, stability and prosperity in Iraq, blessed by the blessing of the prophets and shaded by the scenes of the parents and the wisdom of our great references and guarded by his spare sons."
He concluded by saying, "We ask the Almighty to accept your obedience, and to offer him good work and good words, and every year, Iraq and its people are good."
is over
We stand to congratulate the entire Islamic nation and all the Iraqi people by the month of Mercy, forgiveness, freedom from fire, days of fraternity, affection and rapprochement between the sons of one nation. "
He added: "God save Iraq and its people, and returned the holy month of his days and nights and hours to our country as it travels security, stability and prosperity in Iraq, blessed by the blessing of the prophets and shaded by the scenes of the parents and the wisdom of our great references and guarded by his spare sons."
He concluded by saying, "We ask the Almighty to accept your obedience, and to offer him good work and good words, and every year, Iraq and its people are good."
is over
Federal Court to appeal the validity of the membership of one of the deputies
Editorial date: 2019/5/6 11:48 • 150 times read
(Baghdad: Al Furat News) The Federal Supreme Court considered the objection to the seat of a member of the House of Representatives, and decided to postpone the pleading to the 21st of this month after the assignment of three experts to submit a technical report on the subject of the case.
"The Federal Supreme Court held its session under the chairmanship of Judge Medhat al-Mahmoud and the presence of all members of the judges, and considered a lawsuit filed by the candidate in the name of Khazal Khashan to oppose the membership of MP Refah Khudair Jiyad," the spokesman of the court, Ayas al-Samuk, said in a statement.
He added that "the court had been assigned at the previous meeting an expert to evacuate the technical topics on the subject of the case."
Samok pointed out that "the first deputy prosecutor, the Speaker of the House of Representatives, in addition to his job, objected to the report of the expert and asked to assign three experts instead."
"The third agent of the Independent High Electoral Commission (IHEC) confirmed that the Commission's procedures were correct regarding the counting of the votes of the deputy who objected to his membership."
He continued Samok, "The Federal Supreme Court found a difference between the parties and the report of the expert, and in order to reach justice to the maximum decided to assign three experts to express the opinion in the technical aspects.
He added that "the court set 14/5/2019 as a date for the performance of legal experts and tasked with their task, and postponed the hearing to 21/5/2019."
He stressed that "the Federal Supreme Court consider this type of lawsuits based on the constitutional authorization provided for in Article [52 / II] of the Constitution."
He added that "the court had been assigned at the previous meeting an expert to evacuate the technical topics on the subject of the case."
Samok pointed out that "the first deputy prosecutor, the Speaker of the House of Representatives, in addition to his job, objected to the report of the expert and asked to assign three experts instead."
"The third agent of the Independent High Electoral Commission (IHEC) confirmed that the Commission's procedures were correct regarding the counting of the votes of the deputy who objected to his membership."
He continued Samok, "The Federal Supreme Court found a difference between the parties and the report of the expert, and in order to reach justice to the maximum decided to assign three experts to express the opinion in the technical aspects.
He added that "the court set 14/5/2019 as a date for the performance of legal experts and tasked with their task, and postponed the hearing to 21/5/2019."
He stressed that "the Federal Supreme Court consider this type of lawsuits based on the constitutional authorization provided for in Article [52 / II] of the Constitution."
Lift the concrete blocks in the vicinity and down the bridge south of Baghdad
http://translate.
(Baghdad: Al-Furat News) The Secretariat of Baghdad, announced today, Monday, the direct lifting of concrete blocks in the vicinity and down the bridge mechanic south of Baghdad.
The Secretariat said in a statement that "the municipality of the Dora campaign to lift the concrete blocks from the bottom and the perimeter of the bridge mechanic after obtaining the necessary security approvals."
The statement added that "the municipal cadres then launched a campaign to rehabilitate the closed site since 2005"
The statement added that "the municipal cadres then launched a campaign to rehabilitate the closed site since 2005"
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OIL/COMMODITIES/ENERGY
Gold up in Short-Covering Bounce After Strong U.S. Jobs Report
Commodities May 03, 2019 18:14 GMT By Barani Krishnan Investing.com - Those long gold must be hearkening back to Yogi Berra: It ain’t over ’til it’s over. Those who anticipated Friday’s strong U.S. jobs report would sound the death knell for gold after the less-dovish Fed from earlier in the week ought to think again. Bullion and futures of gold both rose in the latest session, heading for their biggest daily gain in nearly two months, after Thursday’s tumble that took prices of the yellow metal
Read in Investing.com: https://apple.news/AAe0aE4TdT-
Commodities May 03, 2019 18:14 GMT By Barani Krishnan Investing.com - Those long gold must be hearkening back to Yogi Berra: It ain’t over ’til it’s over. Those who anticipated Friday’s strong U.S. jobs report would sound the death knell for gold after the less-dovish Fed from earlier in the week ought to think again. Bullion and futures of gold both rose in the latest session, heading for their biggest daily gain in nearly two months, after Thursday’s tumble that took prices of the yellow metal
Read in Investing.com: https://apple.news/AAe0aE4TdT-
Oil up on U.S. Jobs Report; Heads for Weekly Loss
Commodities May 03, 2019 16:13 GMT By Barani Krishnan Investing.com - Oil bulls are saying "Thank God It’s (Jobs) Friday!" Crude futures crawled out of a two-day hole after the April U.S. employment report bested expectations, lifting Wall Street’s main indexes and appetite across risk assets, including commodities. West Texas Intermediate futures, the benchmark for U.S. crude, was up 58 cents, or 1%, at $62.39 per barrel by 12:05 PM ET (16:05 GMT). It tumbled nearly 3% in the previous session
Read in Investing.com: https://apple.news/
Commodities May 03, 2019 16:13 GMT By Barani Krishnan Investing.com - Oil bulls are saying "Thank God It’s (Jobs) Friday!" Crude futures crawled out of a two-day hole after the April U.S. employment report bested expectations, lifting Wall Street’s main indexes and appetite across risk assets, including commodities. West Texas Intermediate futures, the benchmark for U.S. crude, was up 58 cents, or 1%, at $62.39 per barrel by 12:05 PM ET (16:05 GMT). It tumbled nearly 3% in the previous session
Read in Investing.com: https://apple.news/
BANKS/BANKING/CREDIT
The best Chase cards you can sign up for now
Business Insider may receive a commission from The Points Guy Affiliate Network if you apply for a credit card, but our reporting and recommendations are always independent and objective. Credit card rewards points and frequent flyer miles can be incredibly useful, no matter what kinds of points you earn or what you eventually choose to do with them. While there are a few different types of points, you benefit regardless of which kind your card earns by collecting a rebate on your everyday
Read in Business Insider: https://apple.news/
Business Insider may receive a commission from The Points Guy Affiliate Network if you apply for a credit card, but our reporting and recommendations are always independent and objective. Credit card rewards points and frequent flyer miles can be incredibly useful, no matter what kinds of points you earn or what you eventually choose to do with them. While there are a few different types of points, you benefit regardless of which kind your card earns by collecting a rebate on your everyday
Read in Business Insider: https://apple.news/
6 Credit Card Rules You Should Know by Heart
Breaking these rules could cost you!
Read in The Motley Fool: https://apple.news/ASmUNOaM-
Breaking these rules could cost you!
Read in The Motley Fool: https://apple.news/ASmUNOaM-
If you ask me, using debit over credit is leaving money on the table. Here are the cards I keep in my wallet to get the most from everything I buy
Business Insider may receive a commission from The Points Guy Affiliate Network if you apply for a credit card, but our reporting and recommendations are always independent and objective. I probably shouldn't, but I still cringe when I see a friend pull out a debit card and enter their PIN to make a purchase. No rewards. No purchase protection. None of the benefits that I receive on any of my purchases! Recently this happened, and it led to a pretty deep conversation over all of the cards I
Read in Business Insider: https://apple.news/
Business Insider may receive a commission from The Points Guy Affiliate Network if you apply for a credit card, but our reporting and recommendations are always independent and objective. I probably shouldn't, but I still cringe when I see a friend pull out a debit card and enter their PIN to make a purchase. No rewards. No purchase protection. None of the benefits that I receive on any of my purchases! Recently this happened, and it led to a pretty deep conversation over all of the cards I
Read in Business Insider: https://apple.news/
TREASURIES/BONDS/STOCKS
Stocks - S&P Surges on Jobs Growth, Amazon Rally
Stock Markets May 03, 2019 19:53 GMT Investing.com – The S&P 500 surged on Friday as the economy created more jobs than expected and consumer discretionaries racked up gains, led by Amazon.com. The Dow Jones Industrial Average rose 0.75%, the S&P 500 added 0.96%, while the Nasdaq Composite jumped 1.58% to a fresh all-time closing high, The Nasdaq 100 Index also ended with a new closing high. The U.S. economy created 263,000 jobs in April, beating expectations for a 181,000 gain, according to
Read in Investing.com: https://apple.news/
Stock Markets May 03, 2019 19:53 GMT Investing.com – The S&P 500 surged on Friday as the economy created more jobs than expected and consumer discretionaries racked up gains, led by Amazon.com. The Dow Jones Industrial Average rose 0.75%, the S&P 500 added 0.96%, while the Nasdaq Composite jumped 1.58% to a fresh all-time closing high, The Nasdaq 100 Index also ended with a new closing high. The U.S. economy created 263,000 jobs in April, beating expectations for a 181,000 gain, according to
Read in Investing.com: https://apple.news/
Wall St. climbs as jobs data supports upbeat economic outlook - Reuters
U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy and interest rates.
Read in Reuters: https://apple.news/AF8y-
U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy and interest rates.
Read in Reuters: https://apple.news/AF8y-
Opinion: Stock market fear is here, but is it fear of a meltdown or of missing out?
A number of indicators and price patterns strongly suggest that this bull market is far from over.
Read in MarketWatch: https://apple.news/
A number of indicators and price patterns strongly suggest that this bull market is far from over.
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Economic Calendar - Top 5 Things to Watch This Week
Economy May 05, 2019 10:01 GMT Investing.com - Market watchers will be turning their attention to inflation and trade after last week’s update on monetary policy from the Federal Reserve, while earnings are set to slow down after a hectic week of tech earnings last week. Here’s what you need to know to start your week. 1. U.S. inflation figures Investors will be closely watching producer and consumer inflation data due on Thursday and Friday after last week’s Federal Reserve meeting saw Chair
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Economy May 05, 2019 10:01 GMT Investing.com - Market watchers will be turning their attention to inflation and trade after last week’s update on monetary policy from the Federal Reserve, while earnings are set to slow down after a hectic week of tech earnings last week. Here’s what you need to know to start your week. 1. U.S. inflation figures Investors will be closely watching producer and consumer inflation data due on Thursday and Friday after last week’s Federal Reserve meeting saw Chair
Read in Investing.com: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Saudi Arabia may up oil output in June
Riyadh – Mubasher: Saudi Arabia may increase its oil production in June to cover the local power demand. Any increase in the Saudi output will be within the limits of the quota set by OPEC+ group, informal sources told Reuters. Riyadh’s oil …
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Riyadh – Mubasher: Saudi Arabia may increase its oil production in June to cover the local power demand. Any increase in the Saudi output will be within the limits of the quota set by OPEC+ group, informal sources told Reuters. Riyadh’s oil …
Read in Mubasher: https://apple.news/
Bitcoin Cash's Roger Ver hits back: 'Craig Wright is a liar and a fraud. So sue me, again'
Bitcoin Cash proponent, Roger Ver, posted a video on May 03 as a rebuttal to Craig Wright's lawsuit against Ver. Roger Ver asked Wright to sue him again. https://twitter.com/rogerkver/
Read in AMBCrypto: https://apple.news/
Bitcoin Cash proponent, Roger Ver, posted a video on May 03 as a rebuttal to Craig Wright's lawsuit against Ver. Roger Ver asked Wright to sue him again. https://twitter.com/rogerkver/
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Report: Facebook looking to disrupt credit cards with cryptocurrency
Facebook's virtual currency could be pegged to traditional currencies.
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Facebook's virtual currency could be pegged to traditional currencies.
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CURRENCIES
Forex - Dollar Set to Snap Two-Week Winning Streak on Softer U.S. Wage Growth
Forex May 03, 2019 18:10 GMT Investing.com - The U.S. dollar looked set to snap a two-week winning streak Friday as jobs data showing softer wage growth supported expectations that the Federal Reserve is likely to remain on pause. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.34% to 97.25. The Nonfarm payrolls rose by 263,000 compared to expectations for a 181,000 gain, according to estimates from Investing.com.
Read in Investing.com: https://apple.news/AMg8_
Forex May 03, 2019 18:10 GMT Investing.com - The U.S. dollar looked set to snap a two-week winning streak Friday as jobs data showing softer wage growth supported expectations that the Federal Reserve is likely to remain on pause. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.34% to 97.25. The Nonfarm payrolls rose by 263,000 compared to expectations for a 181,000 gain, according to estimates from Investing.com.
Read in Investing.com: https://apple.news/AMg8_
The new risk proxy for currency traders isn’t the one you’d expect
When investors duck for cover in times of market turmoil or dial-up their risk appetite when things are rosy, there is a new currency of choice — and it isn’t the one you’d expect.
Read in MarketWatch: https://apple.news/
When investors duck for cover in times of market turmoil or dial-up their risk appetite when things are rosy, there is a new currency of choice — and it isn’t the one you’d expect.
Read in MarketWatch: https://apple.news/
US Seeking to Devaluate Iranian Currency: Rouhani
Iran’s president says the United States wants to have the Iranian currency devalued in order to achieve its illegitimate objectives.
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Iran’s president says the United States wants to have the Iranian currency devalued in order to achieve its illegitimate objectives.
Read in IFP News: https://apple.news/
HEALTH / SCIENCE
Premature Vaccine Launch Has Deadly Repercussions
A dengue vaccine put thousands of kids at risk for a deadly condition. Some scientists say the manufacturer and health officials did too little to warn parents in the Philippines.
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A dengue vaccine put thousands of kids at risk for a deadly condition. Some scientists say the manufacturer and health officials did too little to warn parents in the Philippines.
Read in NPR: https://apple.news/
Health secretary's 'plan for mandatory child vaccinations' sparks fury
The Health Secretary is reportedly considering making child immunisations compulsory despite online fury, as he accused anti-vaccination campaigners of having 'blood on their hands'.
Read in Daily Mail: https://apple.news/
The Health Secretary is reportedly considering making child immunisations compulsory despite online fury, as he accused anti-vaccination campaigners of having 'blood on their hands'.
Read in Daily Mail: https://apple.news/
This 3D Bioprinted Organ Just Took Its First "Breath"
This breathing air sac model serves as a proof of concept for a field where printing vasculature has been one of the biggest challenges. Elements is more than just a science show. It’s your science-loving best friend, tasked with keeping you updated and interested on all the compelling, innovative and groundbreaking science happening all around us. Join our passionate hosts as they help break down and present fascinating science, from quarks to quantum theory and beyond.
Read in Seeker: https://apple.news/A_
This breathing air sac model serves as a proof of concept for a field where printing vasculature has been one of the biggest challenges. Elements is more than just a science show. It’s your science-loving best friend, tasked with keeping you updated and interested on all the compelling, innovative and groundbreaking science happening all around us. Join our passionate hosts as they help break down and present fascinating science, from quarks to quantum theory and beyond.
Read in Seeker: https://apple.news/A_
An Aboriginal approach to mental health is helping farmers deal with drought
A coal truck roars past, stirring up red dust that blows over the famished cattle and sheep lying in grassless paddocks. The carcasses of dead kangaroos lie next to empty water troughs. There is no birdsong. Some say it has been the worst drought in a century here across the central and eastern part of...
Read in Quartz: https://apple.news/
A coal truck roars past, stirring up red dust that blows over the famished cattle and sheep lying in grassless paddocks. The carcasses of dead kangaroos lie next to empty water troughs. There is no birdsong. Some say it has been the worst drought in a century here across the central and eastern part of...
Read in Quartz: https://apple.news/
USA / CANADA
How will strong economy affect 2020 campaign?
Politico White House reporter Gabby Orr joins "CBS This Morning: Saturday" to discuss President Trump's focus on issues like immigration instead of the strong economy and why that makes his advisers worried about his reelection chances.
Read in CBS News: https://apple.news/
Politico White House reporter Gabby Orr joins "CBS This Morning: Saturday" to discuss President Trump's focus on issues like immigration instead of the strong economy and why that makes his advisers worried about his reelection chances.
Read in CBS News: https://apple.news/
Democrats threaten to hold AG Barr in contempt of Congress. What is that and can it actually be used?
Democrats have signalled they may hold Attorney General William Barr in contempt of Congress, but what is that and could it actually help gain cooperation?
Read in USA TODAY: https://apple.news/
Democrats have signalled they may hold Attorney General William Barr in contempt of Congress, but what is that and could it actually help gain cooperation?
Read in USA TODAY: https://apple.news/
Joseph Stiglitz on the next recession
Joseph Stiglitz, a Noble Prize-winning economist, talks about what might cause the next recession. For Stiglitz, those challenges range from President Trump's protectionism to troubles in Europe and concerns about the stability of growth in China.
Read in CNBC: https://apple.news/AfNL0u5aDS_
Joseph Stiglitz, a Noble Prize-winning economist, talks about what might cause the next recession. For Stiglitz, those challenges range from President Trump's protectionism to troubles in Europe and concerns about the stability of growth in China.
Read in CNBC: https://apple.news/AfNL0u5aDS_
EMERGING MARKETS
Hemmed in by sanctions, Venezuela central bank moves forex operations to cash
Venezuela's central bank hasbegun using piles of cash rather than electronic transfer tosell foreign exchange to local banks, according to five financesector sources, a sign of how the nation's economy has becomeincreasingly primitive amid a hyperinflationary meltdown.
Read in Reuters: https://apple.news/
Venezuela's central bank hasbegun using piles of cash rather than electronic transfer tosell foreign exchange to local banks, according to five financesector sources, a sign of how the nation's economy has becomeincreasingly primitive amid a hyperinflationary meltdown.
Read in Reuters: https://apple.news/
Russian foreign minister to meet Venezuela counterpart on May 5: Ifax
MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov will hold talks with his Venezuelan counterpart, Jorge Arreaza, in Moscow on Sunday, Interfax reported on Saturday, citing the Russian foreign ministry. The meeting will take place ahead of rare face-to-face talks between Lavrov and U.S. Secretary of State Mike Pompeo, due in Finland next week, amid U.S.-Russian differences over the political crisis in Venezuela. (Reporting by Andrey Ostroukh; Editing by Gareth Jones)
Read in Business Insider: https://apple.news/AUqi-
MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov will hold talks with his Venezuelan counterpart, Jorge Arreaza, in Moscow on Sunday, Interfax reported on Saturday, citing the Russian foreign ministry. The meeting will take place ahead of rare face-to-face talks between Lavrov and U.S. Secretary of State Mike Pompeo, due in Finland next week, amid U.S.-Russian differences over the political crisis in Venezuela. (Reporting by Andrey Ostroukh; Editing by Gareth Jones)
Read in Business Insider: https://apple.news/AUqi-
After Venezuela coup failure, officials & mainstream media desperately spinning explanations
Months of insistence in Washington that the people of Venezuela stood by the US-backed opposition leader Juan Guaido basically went up in smoke when his ‘Operation Liberty’ fizzled. The question now is whom to blame.
Read in RT News: https://apple.news/
Months of insistence in Washington that the people of Venezuela stood by the US-backed opposition leader Juan Guaido basically went up in smoke when his ‘Operation Liberty’ fizzled. The question now is whom to blame.
Read in RT News: https://apple.news/
MOVES-Pimco's head of Emerging Markets portfolio management takes 6-month sabbatical
Mike Gomez, managing director and head ofthe Emerging Markets Portfolio Management team, is taking asix-month sabbatical from PIMCO (Pacific Investment ManagementCo) starting July 1, according to a spokeswoman on Thursday.
Read in Reuters: https://apple.news/
Mike Gomez, managing director and head ofthe Emerging Markets Portfolio Management team, is taking asix-month sabbatical from PIMCO (Pacific Investment ManagementCo) starting July 1, according to a spokeswoman on Thursday.
Read in Reuters: https://apple.news/
WorldCover raises $6M round for emerging marketsa' climate insurance
WorldCover, a New York and Africa-based climate insurance provider tosmallholder farmers, has raised a $6 million Series A round led by MS&ADVentures.Y Combinator, Western Technology Investment and EchoVC also participated inthe round.WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phonesand data analytics to create insurance options for farmers whose crop yieldsare affected adversely by weather events — primarily lack of rain.The startup currently operates in Ghana, ...
Read in TechCrunch: https://apple.news/
WorldCover, a New York and Africa-based climate insurance provider tosmallholder farmers, has raised a $6 million Series A round led by MS&ADVentures.Y Combinator, Western Technology Investment and EchoVC also participated inthe round.WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phonesand data analytics to create insurance options for farmers whose crop yieldsare affected adversely by weather events — primarily lack of rain.The startup currently operates in Ghana, ...
Read in TechCrunch: https://apple.news/
UPDATE 1-Brazil expects China to end sugar import tariffs -official
(Adds quote, details)
Read in Reuters: https://apple.news/A_7wpJQ-
(Adds quote, details)
Read in Reuters: https://apple.news/A_7wpJQ-
Iran Defends Venezuela as U.S. Warns 'All Options' Are on the Table
Iran and Venezuela share a hostility toward the U.S. that is rooted in America's attempts at regime change.
Read in Newsweek: https://apple.news/
Iran and Venezuela share a hostility toward the U.S. that is rooted in America's attempts at regime change.
Read in Newsweek: https://apple.news/
Trump administration renews waivers for Iranian civil nuclear work
The Trump administration is renewing three key waivers that allow European allies, China and Russia to cooperate with Iran on civil nuclear programs.
Read in The Hill: https://apple.news/
The Trump administration is renewing three key waivers that allow European allies, China and Russia to cooperate with Iran on civil nuclear programs.
Read in The Hill: https://apple.news/
Iran’s National Oil Co to open office in Iraq - Fars
The National Iranian Oil Company(NIOC) will open an office in Iraq, the semi-official Fars NewsAgency said on Saturday.
Read in Reuters: https://apple.news/
The National Iranian Oil Company(NIOC) will open an office in Iraq, the semi-official Fars NewsAgency said on Saturday.
Read in Reuters: https://apple.news/
Saudi Arabia may up oil output in June
Riyadh – Mubasher: Saudi Arabia may increase its oil production in June to cover the local power demand. Any increase in the Saudi output will be within the limits of the quota set by OPEC+ group, informal sources told Reuters. Riyadh’s oil …
Read in Mubasher: https://apple.news/
Riyadh – Mubasher: Saudi Arabia may increase its oil production in June to cover the local power demand. Any increase in the Saudi output will be within the limits of the quota set by OPEC+ group, informal sources told Reuters. Riyadh’s oil …
Read in Mubasher: https://apple.news/
AFRICA
South Africa's Main Parties All Have Plans for Education. What's Missing?
Since South Africa's shift from apartheid to democracy in 1994 there have been many achievements in the education sector. These include establishing a single education system that caters to all children, improved access, and support for the poor through no-fee schools. But plenty of work still remains: the quality of education is not equal across the system, and many students still drop out before obtaining a school-leaving qualification. South Africa holds national and provincial elections on
Read in AllAfrica: https://apple.news/
Since South Africa's shift from apartheid to democracy in 1994 there have been many achievements in the education sector. These include establishing a single education system that caters to all children, improved access, and support for the poor through no-fee schools. But plenty of work still remains: the quality of education is not equal across the system, and many students still drop out before obtaining a school-leaving qualification. South Africa holds national and provincial elections on
Read in AllAfrica: https://apple.news/
Mozambique: Misa Warns of Deteriorating Press Freedom
Maputo The Mozambican chapter of the regional press freedom body MISA (Media Institute of Southern Africa) warned on Friday of a deteriorating situation for the press in Mozambique. In a report published to coincide with World Press Freedom Day, MISA said that in 2018 violations of press freedom had increased "with several cases of detentions, kidnappings, assault and death threats against journalists, many of them linked with the coverage of political and election campaigns". During the year "
Read in AllAfrica: https://apple.news/
Maputo The Mozambican chapter of the regional press freedom body MISA (Media Institute of Southern Africa) warned on Friday of a deteriorating situation for the press in Mozambique. In a report published to coincide with World Press Freedom Day, MISA said that in 2018 violations of press freedom had increased "with several cases of detentions, kidnappings, assault and death threats against journalists, many of them linked with the coverage of political and election campaigns". During the year "
Read in AllAfrica: https://apple.news/
Congo-Kinshasa: Blockchain Can Help Break the Chains of Modern Slavery, but It Is Not a Complete Solution
There's a good chance the device on which you are reading this contains cobalt. It's an essential metal for batteries in phones and laptops. There's also a chance the cobalt was mined by slaves. Almost two-thirds of the cobalt mined around the world comes from the Democratic Republic of the Congo (DRC). The central African country has a notorious recent history of human rights abuses, including slave labour. Right now it is all but impossible to know if cobalt from the country is slave-free.
Read in AllAfrica: https://apple.news/
There's a good chance the device on which you are reading this contains cobalt. It's an essential metal for batteries in phones and laptops. There's also a chance the cobalt was mined by slaves. Almost two-thirds of the cobalt mined around the world comes from the Democratic Republic of the Congo (DRC). The central African country has a notorious recent history of human rights abuses, including slave labour. Right now it is all but impossible to know if cobalt from the country is slave-free.
Read in AllAfrica: https://apple.news/
Kenya: Home-Grown Hackers Have Looted Millions From Banks
A cyber security firm successfully traced the home-grown Kenyan cartel behind the looting of billions from several banks. The Nairobi-based Star newspaper quotes the chief technology innovator of the Poland-based OnNet cyber security firm as saying that a hacker group called SilentCards had robbed a whopping 17 billion shillings from the country's lenders. That's a 150 million euros over the last two years. They had taken 3.54 million euros from a single bank last year. SilentsCards is said to
Read in AllAfrica: https://apple.news/
A cyber security firm successfully traced the home-grown Kenyan cartel behind the looting of billions from several banks. The Nairobi-based Star newspaper quotes the chief technology innovator of the Poland-based OnNet cyber security firm as saying that a hacker group called SilentCards had robbed a whopping 17 billion shillings from the country's lenders. That's a 150 million euros over the last two years. They had taken 3.54 million euros from a single bank last year. SilentsCards is said to
Read in AllAfrica: https://apple.news/
Zimbabwe extends central bank governor's term by another five years
Zimbabwe's President EmmersonMnangagwa on Friday appointed John Mangudya for a second andfinal five-year term as central bank governor, a governmentofficial said.
Read in Reuters: https://apple.news/
Zimbabwe's President EmmersonMnangagwa on Friday appointed John Mangudya for a second andfinal five-year term as central bank governor, a governmentofficial said.
Read in Reuters: https://apple.news/
ASIA
Chinese banks quietly lower daily limit on foreign-currency cash withdrawals
Chinese banks have increased their scrutiny of foreign-currency withdrawals and quietly reduced the amount of US dollars people are allowed to withdraw, tightening the country’s capital controls as the nearly year-long US-China trade war bites. The issue…
Read in South China Morning Post: https://apple.news/
Chinese banks have increased their scrutiny of foreign-currency withdrawals and quietly reduced the amount of US dollars people are allowed to withdraw, tightening the country’s capital controls as the nearly year-long US-China trade war bites. The issue…
Read in South China Morning Post: https://apple.news/
Donald Trump’s claim China wants to join a new nuclear arms control treaty met with scepticism
US President Donald Trump has said China would like to be part of a new three-way accord to limit nuclear arms – a suggestion greeted with scepticism by many observers who questioned whether Beijing would want to limit its ability to enhance its second…
Read in South China Morning Post: https://apple.news/AwLMB-
US President Donald Trump has said China would like to be part of a new three-way accord to limit nuclear arms – a suggestion greeted with scepticism by many observers who questioned whether Beijing would want to limit its ability to enhance its second…
Read in South China Morning Post: https://apple.news/AwLMB-
China's natural gas consumption grows in first-quarter amid pollution fight: Xinhua
SHANGHAI (Reuters) - China's natural gas consumption grew steadily in the first quarter amid the country's fight against air pollution, the official Xinhua News Agency reported. Apparent consumption of natural gas rose 11.6 percent during the January-March period from a year earlier to 77 billion cubic meters, following robust annual growth of 18.1 percent in 2018, Xinhua said, citing data from the National Development and Reform Commission (NDRC). China released a three-year action plan in 2018
Read in Business Insider: https://apple.news/
SHANGHAI (Reuters) - China's natural gas consumption grew steadily in the first quarter amid the country's fight against air pollution, the official Xinhua News Agency reported. Apparent consumption of natural gas rose 11.6 percent during the January-March period from a year earlier to 77 billion cubic meters, following robust annual growth of 18.1 percent in 2018, Xinhua said, citing data from the National Development and Reform Commission (NDRC). China released a three-year action plan in 2018
Read in Business Insider: https://apple.news/
Axios China: May 4th anniversary — Trade talks — China military power
Happy Friday! China has been on holiday since Wednesday in celebration of International Worker's Day. Everyone will be back to work by Monday.
Read in Axios: https://apple.news/AetAL9_
Happy Friday! China has been on holiday since Wednesday in celebration of International Worker's Day. Everyone will be back to work by Monday.
Read in Axios: https://apple.news/AetAL9_
EUROPE
UK government seeks Brexit compromise after election fiasco
Britain's governing Conservative Party says it is ready to compromise to secure a Brexit deal after suffering its worst result in local elections for more than 20 years
Read in ABC News: https://apple.news/
Britain's governing Conservative Party says it is ready to compromise to secure a Brexit deal after suffering its worst result in local elections for more than 20 years
Read in ABC News: https://apple.news/
The UK could achieve the most aggressive climate goal in the world
Lawmakers also declared a "climate emergency" this week.
Read in Vox: https://apple.news/
Lawmakers also declared a "climate emergency" this week.
Read in Vox: https://apple.news/
Brexit disaster is making Britain a weird place to live
Brexit is exhausting. From the political class trying deliver Brexit, to the voters who still have not seen it delivered, to the journalists trying to make sense of it, Brexit fatigue is making the UK a very odd country to live in.
Read in CNN: https://apple.news/
Brexit is exhausting. From the political class trying deliver Brexit, to the voters who still have not seen it delivered, to the journalists trying to make sense of it, Brexit fatigue is making the UK a very odd country to live in.
Read in CNN: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
Click on link above for updates.
The currency auction is 218,789,080
There is one news and announcements.Prices of bullion and gold coins to be sold on Tuesday 2019/5/7
.May 06, 2019
.May 06, 2019
Click on link above for updates.
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
5-5-2019 Intel Guru RayRen98 [via No Static] ...Ray reported on a phone call he received this morning. According to his source, something “really big” has happened in Kurdistan. Ray wouldn’t disclose the subject matter but...and that this could affect where we’ll find ourselves this Monday, Tuesday and Wednesday...
5-5-2019 Intel Guru RayRen98 PM Mahdi has returned to Baghdad from his European trip. [Reminder: Last Wednesday Iraqi TV was broadcasting that the cabinet selections will be concluded upon Mahdi's return from his European trip. smile] ...Iraqi TV reports that PM Mahdi asserts sending names for the last 4 cabinet positions, yet Parliament claims to have not received such names. Parliament is claiming to be faultless for the cabinet not being completed today. Iraq has opened more of its "closed for several years" streets, but not all have been opened yet. ...Some US Banks have staff on alert over the weekend... Late evening reports are coming in of some Kurdistan contractors being paid at a new, and improved currency rate? Time Will Tell.
5-5-2019 Newshound Guru Stryker Iraq prepares and float versus an RV ...Iraq's assets have grown greatly since 2008, why hasn't the value of the dinar?..
5-5-2019 Newshound Guru Stryker Iraq prepares and float versus an RV ...Iraq's assets have grown greatly since 2008, why hasn't the value of the dinar?..
5-5-2019 Newshound Guru larrykn I heard they are going to pass a lot of laws this weekend, lets see if they do it or not.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1-A (from PM Mahdi's website; posted only on the Arabic side, not on the English side)
n the name of of Allah the Merciful
(The month of Ramadan, which revealed the Koran guidance to people and evidence from the guidance and the Koran ..)
Believe God Almighty
With the appearance of the holy month, the month of God and the portal of the divine downloadings is a mercy to the worlds. We stand to congratulate the whole Islamic nation and all the Iraqi people by the month of Mercy, forgiveness and freedom from fire, brotherhood days, affection and closeness between the sons of one nation.
May Allah preserve Iraq and its people and return the holy month with its days, nights and hours to our country as it travels through security, stability and prosperity in Iraq, blessed by the blessing of the prophets and shaded by the scenes of the parents and the wisdom of our great guides.
We ask the Almighty to accept your obedience, and to offer him good work and good words, and every year, Iraq and its people good.
Adel Abdel Mahdi
Prime Minister
5 May-2019
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ARTICLE 1-B (from PM Mahdi's website; posted only on the Arabic side, not on the English side)
Prime Minister Adel Abdul Mahdi receives Dr. Abdul Hadi Al Hakim
May 5, 2019
Prime Minister stressed the importance of giving the government great importance to overcome the bureaucracy that is hindered to provide services to citizens, and continuous follow-up is necessary to seize the fruits of the right plans so that the citizen feels the results. Stressing that specialized teams were assigned to follow up the implementation of the government program according to the timetables and performance indicators published in it, and the follow-up process is ongoing and to diagnose the progress and slowdown early and take the necessary measures to address any defect in order to achieve results according to plans.
During his meeting with former Deputy Minister Dr. Abdul Hadi Al-Hakim, he said: "We are reaping the fruits of our policy in turning the obstacles into opportunities, by drawing accurate plans and following up their implementation until the results are achieved." For example, And safe steps contributed to the preservation of lives and property to a large extent in addition to storing huge quantities of water for the future, as well as in the receipt of wheat crop and collected in the storage yards prepared from the concrete blocks that were closing the streets and hinder the movement of citizens and separate the areas of the capital Baghdad.
During the meeting, they discussed the results of the important foreign visits made by the Prime Minister, and the latest to Germany and France, including the signing of strategic and service agreements and partnerships, including a road map agreement to improve the reality of electricity. As well as discuss the plans and steps implemented by the government against corruption, including the Supreme Council against Corruption, in addition to the file of providing basic services to citizens according to priorities.
Media Office of the Prime Minister
May 5, 2019
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 5-6-2019 around 5 am Eastern
We send our best wishes to Muslims in Iraq and around the world for a blessed Ramadan.
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ARTICLE 3
A constant disagreement between the reform and construction coalition has prevented the candidates from running for defense and interior
BAGHDAD, May 5 (KUNA) - The leader of the Al-Sadr Alliance, Raed Fahmi, said on Sunday that the reform and construction blocs have submitted their defense and interior candidates to Prime Minister Adel Abdul Mahdi.
Fahmy added in a press statement that, "resolving the ministerial file during the next two weeks is unlikely because of differences in views between the blocks on the candidates of the remaining vacant ministries," pointing out that "the Prime Minister seeks to vote the House of Representatives on the remaining ministries in one session."
He pointed out that "the blocks in reform and construction submitted candidates to the Ministries of Defense and Interior to the Prime Minister for some time," stressing that "the problems that hampered the passage of these ministries in the past have not been resolved and still exist between the coalition of reform and construction."
On April 23, Prime Minister Adel Abdul Mahdi confirmed that the political forces had reached an "end" to resolve the names of the candidates for the vacant ministries, a day after a meeting with Parliament Speaker Mohamed Halboussi.
Prior to that announced the coalition of the completion of the cabinet cab of Prime Minister Adel Abdul Mahdi, while the Minister of the Interior will be one of the military leaders who made victory on the daisy.
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ARTICLE 4
Abadi expects the "collapse" of the government of Abdul Mahdi: the result of a fragile alliance
May 5 - The leader of the victory coalition, Haider al-Abadi, said on Sunday that the current government is worse than the quota governments, saying it is the product of a "worried and fragile" coalition, while he expressed his readiness to consider assuming the post of prime minister in case he did not write a government. Adel Abdul Mahdi continue.
Abadi said in an interview with the agency "Sputnik" Russian, "The current government is worse than the governments of quotas, the quotas benefit the entitlement of each block to form a government, which happened is to hold government quotas in isolation from the rest of the blocks."
"We wanted to form an independent government with national professional competencies, but this did not happen, and I do not expect a streamlined government action based on this principle."
Abadi added that "the current government produced by an alliance does not adopt the constitutional principle of the largest bloc, the result of a coalition of concern and fragile, and government performance is still below the required level," noting: "We supported the government and supported the formation, although we did not share it."
He continued: "Victory authorized the prime minister to choose competent ministers competent, but it happened that the share of victory that we gave up went to others," pointing out that "refused to take over the post of Foreign Minister and all the positions offered to him."
"The (coalition) of victory, which I work for and through him, is a project to reform the state."
Abadi refused to download the adviser to the Iraqi Prime Minister for National Security Affairs Faleh Fayyad responsibility for the lack of a ministerial cabin, saying: "I do not imagine that the reason is centered around Faleh Fayadh, there are a number of reasons: the difference of government coalition on the proportions and size and weight of quotas among them, Some parties to keep the equation of governance is concerned and unstable for reasons of their own, and there is external interference and its effects on the form and direction of the government.
He stressed that "his assumption of the premiership in the absence of the continuation of the government of Abdul Mahdi is decided at the time," noting that "has a successful experience of leading the country and save them from terrorism and division and isolation and collapse, and that he will not abandon his national responsibilities in any location was." )
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ARTICLE 5
BAGHDAD: Four months of salaries for the Peshmerga
2019/5/5 18:50
[Baghdad-where]
The Deputy Speaker of the House of Representatives announced the date of the federal government to pay the salaries of Peshmerga forces for the last four months.
"The federal government was to send the salaries of the Peshmerga forces for four months, which is stipulated in the budget law, but the sending of salaries has been postponed," said Bashir Haddad, deputy speaker of the House of Representatives.
Haddad said that a delegation from the Ministry of Peshmerga visited Baghdad to discuss the mechanism of disbursement of those salaries, and met officials of the Ministry of Defense, noting that the Federal Ministry of Finance and after the visit of the Peshmerga delegation agreed to send funds allocated for the four months.
The Deputy Speaker of the House of Representatives, the money will be sent today or tomorrow, indicating that the federal government will send 68 billion Iraqi dinars for each month of the four months.
And on the mechanism of disbursement of those salaries Haddad stressed that this concerns the ministries of Peshmerga and finance in the region, and the Federal Ministry of Finance is only sending money to be disbursed.
Article [10] of the federal budget law for the year 2019, the federal government to send monthly salaries of employees and Peshmerga forces [and identified by 68 billion dinars] to the Kurdistan region and some consideration of the delivery of the region to the amount of oil specified [250 barrels per day].
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ARTICLE 6
Sistani and Sadr announce Tuesday the first day of Ramadan
NAJAF, Iraq, May 5 (Xinhua) - The office of religious authority Ali al-Sistani said Tuesday was the first day of Ramadan.
"Mr. Al-Sistani did not prove the vision of the holy month of Ramadan in the naked eye on Sunday evening in Iraq and the surrounding areas," a statement said. "According to his statement, tomorrow will be the last month of Sha'ban and Tuesday is the first day of Ramadan."
In turn, the office of Mr. Mohammed al-Sadr in Najaf, said that "Tuesday is the first day of Ramadan, corresponding to 2019/5/7 God rest you with water and blessing" without further details. Finished
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