| WOTS Thursday 5/2/19 |
WOTS Thursday 5/2/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1185.0000 | 1182.0000 | 1185.0000 | | 06:10 |
| USD/VND | | | 23243.8000 | 23243.0600 | 23243.8000 | | 03:15 |
| USD/CNY | | | 6.7340 | 6.7324 | 6.7340 | | 05:26 |
| USD/KWD | | | 0.3033 | 0.3030 | 0.3032 | | 06:15 |
| GBP/USD | | | 1.3080 | 1.3028 | 1.3049 | | 06:16 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 05:55 |
| USD/IDR | | | 14268.0000 | 14189.0000 | 14267.0000 | | 06:13 |
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DC NY Iraq Articles:dd
Salih calls for improving workers' living standards
Thursday 02 May 2019
Reuters
Iraqi President Barham Salih emphasized "the need for give the working class the required attention and care as well as improving their living standards," in a statement on the occasion of the International Workers' Day on May 1.
"We also call for activating the trade unions to defend their rights as well as working and coordinating with the Council of Representatives to pass legislation necessary to promote the status of the working class just like the other countries of the world," the president said.
"The next phase will require the mobilization of all efforts and capacities to rebuild and reconstruct the cities that have been [destroyed] by the terrorist gangs of (ISIS)," Salih said.
Iraq has declared victory over the ISIS late in 2017, during Haidar al-Abadi's term, nonetheless, the terrorist group has claimed responsibility for many terror attacks it has carried out from time to time in different cities in Iraq.
"We also call for activating the trade unions to defend their rights as well as working and coordinating with the Council of Representatives to pass legislation necessary to promote the status of the working class just like the other countries of the world," the president said.
"The next phase will require the mobilization of all efforts and capacities to rebuild and reconstruct the cities that have been [destroyed] by the terrorist gangs of (ISIS)," Salih said.
Iraq has declared victory over the ISIS late in 2017, during Haidar al-Abadi's term, nonetheless, the terrorist group has claimed responsibility for many terror attacks it has carried out from time to time in different cities in Iraq.
PM highlights ensuring workers enjoy legally-protected environment
Thursday، 02 May 2019 12:21 AM
Wikimedia/LaGrandeOurs
May 1 is an occasion to boost the value of work. Without it, there would be no economic or security stability," a statement by Iraq's Prime Minister Adil Abd al-Mahdi's office read on the occasion of International Workers' Day on May 1.
"It is also a remarkable chance to strengthen all efforts to ensure that the working environment is healthy and legally-protected that would preserve the rights of the workers, whether in the private or public sectors," the statement added.
Also, the prime minister underscored Iraq's commitment "to the international charters that regulate the working environment in various labor activities, in order to ensure sustainable development," according to the statement.
"It is also a remarkable chance to strengthen all efforts to ensure that the working environment is healthy and legally-protected that would preserve the rights of the workers, whether in the private or public sectors," the statement added.
Also, the prime minister underscored Iraq's commitment "to the international charters that regulate the working environment in various labor activities, in order to ensure sustainable development," according to the statement.
Federation of Trade Unions of Basra urges ensuring workers' rights
Thursday 02 May 2019
The Federation of Trade Unions of Basra organized on Wednesday a ceremony to celebrate the International Workers' Day.
Jassim al-Salihi, head of the Federation, affirmed the need to activate the laws of work and social solidarity for workers and to limit the spread of foreign workers.
There are efforts with the department of labor and social affairs to activate inspection committees in work sites, to spot the violations of some companies owners against the workers' rights, Salihi said.
Director of Basra's retirement and assurance department Abdul-Jabbar Turki urged the relevant authorities to legislate laws that protect the rights of workers, including reducing foreign labor to provide more opportunities for local workers.
Jassim al-Salihi, head of the Federation, affirmed the need to activate the laws of work and social solidarity for workers and to limit the spread of foreign workers.
There are efforts with the department of labor and social affairs to activate inspection committees in work sites, to spot the violations of some companies owners against the workers' rights, Salihi said.
Director of Basra's retirement and assurance department Abdul-Jabbar Turki urged the relevant authorities to legislate laws that protect the rights of workers, including reducing foreign labor to provide more opportunities for local workers.
Jordanian Parliament Speaker: The coming days will see a boom in Iraqi-Jordanian relations
2019/5/1 19:15 pm
[Follow-up]
Jordanian Parliament Speaker Atef Al-Tarawneh said on Wednesday that the coming days will witness a boom in Iraqi-Jordanian relations.
Jordanian Parliament Speaker Atef Al-Tarawneh said on Wednesday that the coming days will witness a boom in Iraqi-Jordanian relations.
"In the coming days, there will be prosperity in the relations between Iraq and Jordan in the economic, commercial and cultural aspects, especially after the historic summit that brought together Prime Minister Adel Abdul Mahdi, King of Jordan and Egyptian President Abdel Fattah," Al-Tarawneh said in a statement. Egyptian in Cairo ".
According to the statement, "Al-Tarawneh, during his meeting with the Iraqi press and parliamentary delegation, which included journalists' leader Muayyad al-Lami and members of the House of Representatives Samia Al-Ghalab and Hamadallah Al-Rikabi and the harmony of Gharawi expressed Jordan's appreciation and admiration for the great Iraqi victory over the gangs of terrorist advocates." He described this victory as a pride and pride For all Arabs and Muslims. "
"Jordan is keen to strengthen and deepen its relations with Iraq because it is the depth of the Hashemite Kingdom of Jordan and its strategic environment," he said.
For his part, the Iraqi Journalists Syndicate confirmed that "the Iraqis look positively at their relationship with their Jordanian brothers and look forward to the expansion of this relationship, especially in the economic aspect," stressing that "the Iraqi Journalists Union supports the directives of the parliament to open up to the Arabs, especially with the brothers in Jordan."
MP Hamdallah al-Rikabi, deputy chairman of the parliamentary culture and media committee, expressed his country's interest in strengthening its relations with the Arab world in general and with the Hashemite Kingdom of Jordan in particular, stressing the interest of the Iraqi parliament in cooperation and partnership between parliaments of neighboring countries.
MP Samia al-Ghalab, head of the parliamentary culture and media committee, stressed the importance of strengthening relations of partnership and cooperation between Iraq and the Arab environment and the role of the parliament in enhancing these relations, especially in the media and cultural fields as a reflection of economic and trade cooperation.
Al-Gharawi expressed her appreciation for the warm welcome received by the Jordanian Parliament and affirmed her pride in Jordan and its political and economic role in supporting Iraq, stressing the strength of the ties and relations between the two countries and the role of parliament in promoting these ties.
According to the statement, "Al-Tarawneh, during his meeting with the Iraqi press and parliamentary delegation, which included journalists' leader Muayyad al-Lami and members of the House of Representatives Samia Al-Ghalab and Hamadallah Al-Rikabi and the harmony of Gharawi expressed Jordan's appreciation and admiration for the great Iraqi victory over the gangs of terrorist advocates." He described this victory as a pride and pride For all Arabs and Muslims. "
"Jordan is keen to strengthen and deepen its relations with Iraq because it is the depth of the Hashemite Kingdom of Jordan and its strategic environment," he said.
For his part, the Iraqi Journalists Syndicate confirmed that "the Iraqis look positively at their relationship with their Jordanian brothers and look forward to the expansion of this relationship, especially in the economic aspect," stressing that "the Iraqi Journalists Union supports the directives of the parliament to open up to the Arabs, especially with the brothers in Jordan."
MP Hamdallah al-Rikabi, deputy chairman of the parliamentary culture and media committee, expressed his country's interest in strengthening its relations with the Arab world in general and with the Hashemite Kingdom of Jordan in particular, stressing the interest of the Iraqi parliament in cooperation and partnership between parliaments of neighboring countries.
MP Samia al-Ghalab, head of the parliamentary culture and media committee, stressed the importance of strengthening relations of partnership and cooperation between Iraq and the Arab environment and the role of the parliament in enhancing these relations, especially in the media and cultural fields as a reflection of economic and trade cooperation.
Al-Gharawi expressed her appreciation for the warm welcome received by the Jordanian Parliament and affirmed her pride in Jordan and its political and economic role in supporting Iraq, stressing the strength of the ties and relations between the two countries and the role of parliament in promoting these ties.
Siemens unveils details of modernization of energy sector in Iraq
2019/5/1 19:13 pm
[Follow-up-Where]
The German company "Siemens", details of the modernization of the electricity sector in Iraq, after signing a contract with the government to develop the electricity network in the country.
The German company "Siemens", details of the modernization of the electricity sector in Iraq, after signing a contract with the government to develop the electricity network in the country.
On Tuesday, German Electricity Minister Luay Khatib signed a "roadmap" agreement with Germany's giant engineering and electronics giant, Geus Keizer, to re-establish a comprehensive energy sector.
"The deal represents a rescue for the Siemens power plant sector, which is experiencing difficulties due to the excess production capacity of gas turbines and the use of renewable energy sources," the Deutsche Welle said in a report yesterday.
According to a spokesman in the German capital, it is expected to arrive from Berlin technology equipment for the project equipment in Iraq, where will be located a gas turbine center.
In the longer term, the roadmap signed between the Minister of Electricity and the President of Siemens includes the possibility of building new generating capacity, developing existing power plants and expanding electricity transmission networks.
"We are also committed to supporting Iraq in arranging project financing, creating attractive jobs and opportunities for small and medium enterprises," Kaiser said in a statement.
Siemens has already signed three contracts worth $ 700 million, Siemens said.
The project includes the construction of a gas power plant to generate electricity by 500 megawatts in the city of Zubaidiya in Wasit province.
"The project also includes the award of contracts to upgrade 40 pieces of gas turbines with cooling systems and installation of 13 132 kV substations and 34 substations," a spokesman said. "Construction work is expected to begin by the summer of next year."
Details of the deal were being negotiated until the final moments before talks between Prime Minister Adel Abdul Mahdi and German Chancellor Angela Merkel in Berlin on Monday.
Under the deal, Siemens is pledging to build a medical clinic and donate $ 60 million worth of software to Iraqi universities and provide training for 1,000 Iraqis.
Besides the economic dimension, Germany is one of the countries that are trying to stabilize the situation in Iraq through loans for development projects.
The German government has so far provided 1.7 billion euros in loans to Iraq.
"The deal represents a rescue for the Siemens power plant sector, which is experiencing difficulties due to the excess production capacity of gas turbines and the use of renewable energy sources," the Deutsche Welle said in a report yesterday.
According to a spokesman in the German capital, it is expected to arrive from Berlin technology equipment for the project equipment in Iraq, where will be located a gas turbine center.
In the longer term, the roadmap signed between the Minister of Electricity and the President of Siemens includes the possibility of building new generating capacity, developing existing power plants and expanding electricity transmission networks.
"We are also committed to supporting Iraq in arranging project financing, creating attractive jobs and opportunities for small and medium enterprises," Kaiser said in a statement.
Siemens has already signed three contracts worth $ 700 million, Siemens said.
The project includes the construction of a gas power plant to generate electricity by 500 megawatts in the city of Zubaidiya in Wasit province.
"The project also includes the award of contracts to upgrade 40 pieces of gas turbines with cooling systems and installation of 13 132 kV substations and 34 substations," a spokesman said. "Construction work is expected to begin by the summer of next year."
Details of the deal were being negotiated until the final moments before talks between Prime Minister Adel Abdul Mahdi and German Chancellor Angela Merkel in Berlin on Monday.
Under the deal, Siemens is pledging to build a medical clinic and donate $ 60 million worth of software to Iraqi universities and provide training for 1,000 Iraqis.
Besides the economic dimension, Germany is one of the countries that are trying to stabilize the situation in Iraq through loans for development projects.
The German government has so far provided 1.7 billion euros in loans to Iraq.
Electricity crisis in Iraq is entering the stage of political attraction
Amid expectations of a hot summer
Wednesday 01 May 2019 AD Issue Number [14763]
Baghdad: Hamza Mustafa
The Iraqi Ministry of Electricity rejected what has been the efforts of political parties and parties on the existence of interventions and political monopolies in the import of energy from neighboring countries. The ministry said in a statement yesterday that «the Council of Ministers for Energy is doing its duty in the institutional field in the import of energy from neighboring countries without political interference», indicating that «the Council retains the legal right to hold accountable who launched and calls these tendentious allegations, which aims to mislead public opinion , And work to inflame the Iraqi street ».
In the context of that, Iraqi Prime Minister Adel Abdul-Mahdi to take a series of quick measures to reduce the electricity crisis with the entry of US sanctions against Iran early next month to take effect at a time it is not clear whether Iraq will receive another period of exemption to buy quantities of gas and electricity Iranian equivalent to 4 thousand MW or will be covered by the suspension of imports, which means facing it one of the hottest seasons.
During a meeting of the Council of Ministers of Energy, Abdul Mahdi directed the ministries and parties concerned to continue to give the file of electric power of the utmost importance. "Exceptional measures have been taken to ensure the stability of electrical power, improve production and distribution, and provide the necessary energy sources for the work of plants and generators," a statement from Abdul Mahdi's office said. The statement added that «the Council discussed the preparations of the Ministry of Electricity for the summer and the position of maintenance of production plants and the dismantling of bottlenecks and partnership contracts for the distribution sector, in addition to the search of the German company Siemens, including the processing and implementation of power plants». The Council also reviewed "the position of running government and civil generators and issued a number of decisions and directions towards the implementation of rapid and strategic solutions to improve the status of electricity and in a sustainable manner."
But parliamentarian Mohammad Karbouli told Asharq Al-Awsat that "there is a problem in the electricity file that is not consistent with the amount of money spent over the past years on this file and not with what we expect to face during the coming summer." He added that «about 4 billion dollars paid by the Iraqi citizen to the owners of generators, civil, which means there is an interest for those in the lack of improvement of the electricity file in Iraq», adding that «Mafayat controls this file and represents one of the most important elements of corruption that will block projects Electric power in the country and are linked to larger areas ».
In an effort to reassure the Iraqi street on the sanctions file and whether Iraq will be in them after the second of May, Minister of Electricity Luay Khatib announced that «the Ministry of Electricity reached advanced stages of talks with Saudi Arabia and Kuwait and neighboring countries to activate the joint electric link» . Khatib said in remarks yesterday that «linkage with neighboring countries will contribute to creating a promising market among all countries in the region».
For his part, said Hibet Halabusi, a member of the Committee on oil and energy in parliament, that «the exclusion of Iraq from the sanctions imposed on Iran will cost large losses during the summer», indicating that «Iraq will go through a real crisis». He pointed out that «estimates indicate our dependence on the generation of 7 thousand megawatts of electricity out of a total of 15 thousand, which means that Iraq will lose half of its capacity». "Electricity stations are operating on natural gas and there is no substitute fuel or gas transmission lines from other countries or even in the country, which will lead to a complete halt during the coming summer in the absence of solutions."
In turn, the economist Abdul Rahman al-Shammari said in a statement to «Middle East» that «the circumstances of Iraq and the nature of its links with the United States at various levels of political, economic and security make it unable to resist the sanctions that will take effect on Iran after the second of next month», indicating "The relationship here is not only in terms of the trade balance, but there is a strong relationship with the United States financially and politically, as the United States is training and equipping Iraqi forces, as well as US companies buy large quantities of Iraqi oil, Iraqi airspace or even Iraqi funds abroad. "
In the context of that, Iraqi Prime Minister Adel Abdul-Mahdi to take a series of quick measures to reduce the electricity crisis with the entry of US sanctions against Iran early next month to take effect at a time it is not clear whether Iraq will receive another period of exemption to buy quantities of gas and electricity Iranian equivalent to 4 thousand MW or will be covered by the suspension of imports, which means facing it one of the hottest seasons.
During a meeting of the Council of Ministers of Energy, Abdul Mahdi directed the ministries and parties concerned to continue to give the file of electric power of the utmost importance. "Exceptional measures have been taken to ensure the stability of electrical power, improve production and distribution, and provide the necessary energy sources for the work of plants and generators," a statement from Abdul Mahdi's office said. The statement added that «the Council discussed the preparations of the Ministry of Electricity for the summer and the position of maintenance of production plants and the dismantling of bottlenecks and partnership contracts for the distribution sector, in addition to the search of the German company Siemens, including the processing and implementation of power plants». The Council also reviewed "the position of running government and civil generators and issued a number of decisions and directions towards the implementation of rapid and strategic solutions to improve the status of electricity and in a sustainable manner."
But parliamentarian Mohammad Karbouli told Asharq Al-Awsat that "there is a problem in the electricity file that is not consistent with the amount of money spent over the past years on this file and not with what we expect to face during the coming summer." He added that «about 4 billion dollars paid by the Iraqi citizen to the owners of generators, civil, which means there is an interest for those in the lack of improvement of the electricity file in Iraq», adding that «Mafayat controls this file and represents one of the most important elements of corruption that will block projects Electric power in the country and are linked to larger areas ».
In an effort to reassure the Iraqi street on the sanctions file and whether Iraq will be in them after the second of May, Minister of Electricity Luay Khatib announced that «the Ministry of Electricity reached advanced stages of talks with Saudi Arabia and Kuwait and neighboring countries to activate the joint electric link» . Khatib said in remarks yesterday that «linkage with neighboring countries will contribute to creating a promising market among all countries in the region».
For his part, said Hibet Halabusi, a member of the Committee on oil and energy in parliament, that «the exclusion of Iraq from the sanctions imposed on Iran will cost large losses during the summer», indicating that «Iraq will go through a real crisis». He pointed out that «estimates indicate our dependence on the generation of 7 thousand megawatts of electricity out of a total of 15 thousand, which means that Iraq will lose half of its capacity». "Electricity stations are operating on natural gas and there is no substitute fuel or gas transmission lines from other countries or even in the country, which will lead to a complete halt during the coming summer in the absence of solutions."
In turn, the economist Abdul Rahman al-Shammari said in a statement to «Middle East» that «the circumstances of Iraq and the nature of its links with the United States at various levels of political, economic and security make it unable to resist the sanctions that will take effect on Iran after the second of next month», indicating "The relationship here is not only in terms of the trade balance, but there is a strong relationship with the United States financially and politically, as the United States is training and equipping Iraqi forces, as well as US companies buy large quantities of Iraqi oil, Iraqi airspace or even Iraqi funds abroad. "
Kauaihn Iraq Articles:dd
Iranian Foreign Ministry: Our patience is about to run out
Saleh receives invitation from Emir of Qatar to participate in the 19th Doha Forum
Editorial date:: 2019/5/2 12:16 • 45 times read
{Baghdad: Al Furat News} President Barham Salih received an invitation from the Emir of the State of Qatar, Tamim Bin Hamad Al Thani, to participate in the 19th Doha Forum.
This came during a meeting at the Peace Palace in Baghdad on Thursday morning, Qatari Ambassador to Iraq Khaled bin Hamad Al-Sulaiti.
"The President of the Republic, during the meeting, pointed to the importance of relations between the two countries and the need to develop them in the interests of the two brotherly peoples," a statement from his office said, adding that the strengthening of cooperation between Iraq and Qatar serves the stability and security of the region as a whole, Greetings to Emir of Qatar Tamim bin Hamad Al-Thani. "
In turn, the Qatari ambassador conveyed the greetings of the Amir to the President of the Republic and his wishes for the Iraqi people to develop and progress. He affirmed his country's support for Iraq and its readiness to contribute to the reconstruction of the liberated areas, stressing Qatar's keenness to activate the bilateral work and serve the common relations and its sustainability.
"The President of the Republic, during the meeting, pointed to the importance of relations between the two countries and the need to develop them in the interests of the two brotherly peoples," a statement from his office said, adding that the strengthening of cooperation between Iraq and Qatar serves the stability and security of the region as a whole, Greetings to Emir of Qatar Tamim bin Hamad Al-Thani. "
In turn, the Qatari ambassador conveyed the greetings of the Amir to the President of the Republic and his wishes for the Iraqi people to develop and progress. He affirmed his country's support for Iraq and its readiness to contribute to the reconstruction of the liberated areas, stressing Qatar's keenness to activate the bilateral work and serve the common relations and its sustainability.
A busy agenda for Thursday's parliament session
02/05/2019
A busy agenda for Thursday's parliament session
The House of Representatives, Thursday, holds its regular session, with a busy schedule.
Table 12 contains a vote on other bills and readings and the introduction of general topics for discussion.
Table 12 contains a vote on other bills and readings and the introduction of general topics for discussion.
Iraq to Discuss Suspension of Nineveh Provincial Council
The Iraqi Parliament is expected to bring up the suspension of the Nineveh Provincial Council (NPC) on Thursday as nearly 200 MPs have filed a petition on the issue, second Deputy Parliament Speaker Bashir Haddad said on Wednesday.
Haddad told Kurdistan 24 that the subject of the NPC suspension has been "politicized," and that, other than the Kurdish representatives at the parliament, some Shi'ite and Sunni lawmakers are also against the move.
"It is because we believe the suspension of the NPC will not serve the people of Mosul, and it is not in the interest of the province in general," he said, according to the report.
"This move has no political and legal justifications.”
The parliamentary official accused certain sides of involving the suspension matter so as to "exploit" the case and secure the position of the Nineveh governor.
Baghdad removes stalls and increases unemployment
Baghdad Ahmed al-Nuaimi
2 May 2019
For the second week, the secretariat of the Iraqi capital of Baghdad continues to demolish and raze wide the so-called "excesses" on the sidewalks and the side of the roads, in conjunction with a similar campaign to demolish the role built on state-owned land in the outskirts of Baghdad and neighborhoods north and east of the capital.
The campaign has so far resulted in the removal of dozens of stalls and stalls from the sidewalks in several areas of Baghdad, which left behind a wide debate in the Iraqi street about its legitimacy, especially as those stalls and stalls contribute to the support of entire families without work.
Kiosks and pastries sell vegetables, fruits, cigarettes, household items, toys and newspapers. Local authorities in Baghdad say they distort the landscape of the capital of Iraq , contribute to the accumulation of waste, and take over sidewalks for pedestrians, while defending owners themselves that if they find another place to work what they saw on the street. The owners complained of the lack of alternative places for them other than sidewalks and aspects of the markets, considering that the removal of their patrolling by the municipal departments without the provision of alternative places for the sale and purchase completely cut off their livelihood. They consider that the ongoing operations to remove their stalls exceeded their right to live, and that these measures are not timely, as the country is in a state of poverty and unemployment.
Engineer Salah Al-Badri, from the Municipality of Baghdad, explains that "there is a problem with the existence of these basements on the sidewalks in the markets and public streets because they cut the road to the citizens on the one hand, and distort the appearance of the streets and infringes the right of the citizen on the other." But Badri acknowledges another problem: the lack of adequate alternative places for the owners of Bastiyat: "This is what the government should take into consideration, especially since these bastions are occupied by thousands of poor families."
I graduated from university and could not get a job. I am not a member of a party and I do not have the money to pay a bribe to get a job," said Yasser Hassan, 35. "So I bought a small vehicle to sell the lulpe, A small shed in a street in Baghdad, was surprised by the demolition by the municipality. " "The problem is that they did not provide us with alternative places of livelihood, but instead of demolishing the houses, cars and sheds where thousands of poor families live. Where do we go, living in a country full of poverty and unemployment?"
Activists considered the removal of "abuses" to be a narrowing of their owners.
Activists considered the removal of "abuses" to be a narrowing of their owners.
Kuwait to launch bridge between the longest in the world to connect the capital with the «City of Silk»
2 May 2019
KUWAIT (Reuters) - Kuwait yesterday launched a 36-kilometer-long bridge over the sea, one of the longest in the world to link the capital to its remote north. The city is planned to pump billions of dollars in hopes of reviving the historic Silk Road spirit.
Sheikh Jaber al-Ahmad al-Sabah, the former Emir who died in January 2006, is one of the longest bridges in the world, stretching from the capital Kuwait to the Sabiya area near Iraq and Iran.
The sea bridge is supposed to reduce driving time between Kuwait City and the Sabia area from 90 minutes to less than 30 minutes.
Sheikh Sabah Al-Ahmad Al-Sabah, the Emir of Kuwait, participated in the inauguration of the bridge with South Korean Prime Minister Lee Nak-yun and French Senate President Gerard Larcher.
The French group Sestra designed the bridge, which was executed by the South Korean Hyundai Group in cooperation with the Kuwaiti Joint Contracting Group.
French company Sestra said in a statement that the bridge cost $ 3.6 billion and took nearly five years to complete, and that its completion was a technical challenge.
The bridge is built over more than 1,100 pillars, each of which is about three meters wide, some of which have been found at a depth of 72 meters on the seafloor, while the height of the sea is between 9 meters and 23 meters.
During the opening ceremony, Kuwait's Minister of Public Works and Housing Minister Janan Bushehri said that with the inauguration of the bridge, Kuwait will begin a new era in the construction of Kuwait 2035, the economic vision adopted by the emirate aimed at diversifying its economy. "The project is of great economic feasibility, and our partnership with South Korea reflects a remarkable development in the relations between the two countries on the economic and political level."
The Kuwaiti government expects the investment in the "Silk City" project in the boys to be about $ 100 billion.
Despite the sharp drop in oil prices in the global market and the unprecedented austerity measures adopted by the Gulf states since 2014 to offset their budget deficits, Kuwait, which accounts for 95 percent of its revenues, has vowed not to touch on major investment projects.
Kuwait has a sovereign fund outside the country with foreign exchange reserves of $ 600 billion and runs a five-year development plan worth about $ 115 billion.
Authorities say the sea bridge provides a strategic link between Kuwait and the northern region. She notes that the development plan for the boys' area includes, along with the construction of a housing sector in the "City of Silk", other economic projects including the establishment of a port on the nearby island of Boubyan, the largest Kuwaiti islands.
The bridge is a key element in the plan to establish and develop the free economic zone in northern Kuwait, which is supposed to be built on five Kuwaiti islands near the shores of Iraq and Iran.
The bridge construction project includes the main branch linking Kuwait City with Al Sabia, and another branch to the west known as Doha Link. The two bridges start from the port of Shuwaikh, the main port in the country
Iranian Foreign Ministry: Our patience is about to run out
02-05-2019 Baghdad:
Iran's patience is running out, he said, adding that the nuclear deal was more a security agreement than an economic one with ties to the whole world. The US position is likely to end at any moment.
Araghji, who is visiting Ankara for political talks between Iran and Turkey, said that although the agreement was concluded between Iran and the Group of Five, it was originally an agreement on the entire international community, Fars news agency reported.
He pointed out that the nuclear agreement is the only success of diplomacy in the region, stressing that America's exit from the nuclear agreement is contrary to the resolutions of the UN Security Council and led to reduce Iran's confidence in international conventions because America wants to eliminate the only success of diplomacy in the region.
He wondered whether the region would be in a better position without this agreement and said that no one believes in this belief and that the American positions led to reduce the level of confidence in international conventions.
He pointed to the inclusion of the Revolutionary Guard in the list of terrorism by America, warning of the risk of confrontation between the Revolutionary Guards and America in the Gulf and said that these two forces, which are each one of the other terrorist group can collide with each other in the Gulf or in any other region is undoubtedly America Is responsible for this situation.
Araghji, who is visiting Ankara for political talks between Iran and Turkey, said that although the agreement was concluded between Iran and the Group of Five, it was originally an agreement on the entire international community, Fars news agency reported.
He pointed out that the nuclear agreement is the only success of diplomacy in the region, stressing that America's exit from the nuclear agreement is contrary to the resolutions of the UN Security Council and led to reduce Iran's confidence in international conventions because America wants to eliminate the only success of diplomacy in the region.
He wondered whether the region would be in a better position without this agreement and said that no one believes in this belief and that the American positions led to reduce the level of confidence in international conventions.
He pointed to the inclusion of the Revolutionary Guard in the list of terrorism by America, warning of the risk of confrontation between the Revolutionary Guards and America in the Gulf and said that these two forces, which are each one of the other terrorist group can collide with each other in the Gulf or in any other region is undoubtedly America Is responsible for this situation.
Kauaihn Economic Times:
MIDDLE EAST
(Photo: Francisco Miudo/ Angola Press Agency) Luanda At least 3.5 billion euros were recovered by the Angolan authorities during March, under the Coercive Repatriation Law of Capital and Extended Loss of Goods. The revelation was made Friday in Luanda by Eduarda Rodrigues, director of the National Asset Recovery Service (SNRA), an institution linked to the Attorney General's Office (PGR) in charge of ensuring compliance with the said law. The director, who was speaking to the press, on the
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Today in history: May 1
It pays to tread carefully when lending money to family and friends
You may be worried that lending money will derail relationships and damage your financial health. Here are a few money-giving rules that will make room for giving and still create healthy financial boundaries.
Read in CNBC: https://apple.news/
You may be worried that lending money will derail relationships and damage your financial health. Here are a few money-giving rules that will make room for giving and still create healthy financial boundaries.
Read in CNBC: https://apple.news/
OIL/COMMODITIES/ENERGY
METALS-Copper prices rise despite weak Chinese factory data
(Updates with official prices)
Read in Reuters: https://apple.news/
(Updates with official prices)
Read in Reuters: https://apple.news/
Societe Generale resigns as London gold and silver market maker
The London Bullion MarketAssociation (LBMA) said Societe Generale had resignedas a market maker for gold and silver, as France's third-largestbank pushes ahead with a downsizing of its commodities business.
Read in Reuters: https://apple.news/
The London Bullion MarketAssociation (LBMA) said Societe Generale had resignedas a market maker for gold and silver, as France's third-largestbank pushes ahead with a downsizing of its commodities business.
Read in Reuters: https://apple.news/
Oil prices recover with a weaker dollar, China demand and OPEC’s supply answer in play
Oil prices jumped back on Tuesday from a soft start to the week, spurred higher by a depreciating dollar that boosted demand for most commodities.
Read in MarketWatch: https://apple.news/
Oil prices jumped back on Tuesday from a soft start to the week, spurred higher by a depreciating dollar that boosted demand for most commodities.
Read in MarketWatch: https://apple.news/
BANKS/BANKING/CREDIT
Bankers meet Bitcoiners
For the first time, a Bitcoin conference is bringing together advocates and critics. Beyond the price volatility, the adoption of Bitcoins continues at a rapid pace. At BayernLB in Munich, international experts discuss the value of Bitcoin and its potential impact on businesses and the world economy. Senior decision-makers must be equipped with unbiased information...
Read in AMBCrypto: https://apple.news/
For the first time, a Bitcoin conference is bringing together advocates and critics. Beyond the price volatility, the adoption of Bitcoins continues at a rapid pace. At BayernLB in Munich, international experts discuss the value of Bitcoin and its potential impact on businesses and the world economy. Senior decision-makers must be equipped with unbiased information...
Read in AMBCrypto: https://apple.news/
Big banks break away from lobby groups in Brexit trade deal talks
A group of banks are directly feeding the British government ideas for a Brexit financial services trade deal, bypassing the industry's major lobby groups after their blueprint for a future relationship with the EU was spurned by Brussels last year.
Read in Reuters: https://apple.news/
A group of banks are directly feeding the British government ideas for a Brexit financial services trade deal, bypassing the industry's major lobby groups after their blueprint for a future relationship with the EU was spurned by Brussels last year.
Read in Reuters: https://apple.news/
JPMorgan Exec Joins Blockchain Gold-Trading Firm Tradewind as CEO
Tradewind, a blockchain-powered precious metals market, has hired a JPMorgan veteran to be its first-ever CEO.
Read in CoinDesk: https://apple.news/
Tradewind, a blockchain-powered precious metals market, has hired a JPMorgan veteran to be its first-ever CEO.
Read in CoinDesk: https://apple.news/
HSBC's new money management app has racked up 300,000 users in a year
Connected Money is an attempt by HSBC to simplify expense tracking and budgeting for its U.K. customers.
Read in CNBC: https://apple.news/
Connected Money is an attempt by HSBC to simplify expense tracking and budgeting for its U.K. customers.
Read in CNBC: https://apple.news/
Wealth clients willing to pay for financial advice, 33% switch providers: study
Wealth management clients are increasingly willing to pay for financial advice as their needs evolve, choosing an average of five providers, with one-third switching managers in the past three years, global wealth consultant EY said on Tuesday.
Read in Reuters: https://apple.news/
Wealth management clients are increasingly willing to pay for financial advice as their needs evolve, choosing an average of five providers, with one-third switching managers in the past three years, global wealth consultant EY said on Tuesday.
Read in Reuters: https://apple.news/
TREASURIES/BONDS/STOCKS
Nasdaq Adding Index for XRP Cryptocurrency to Global Data Service
After bitcoin and ether, Nasdaq is now adding an index for the world’s third-largest cryptocurrency, XRP, to its global data service.
Read in CoinDesk: https://apple.news/A-
After bitcoin and ether, Nasdaq is now adding an index for the world’s third-largest cryptocurrency, XRP, to its global data service.
Read in CoinDesk: https://apple.news/A-
Treasury yields struggle for direction as weak China data offsets strong eurozone GDP
Treasury yields are flat to slightly lower on Tuesday as investors weigh weak Chinese manufacturing data against a better-than-expected GDP reading for the eurozone.
Read in MarketWatch: https://apple.news/
Treasury yields are flat to slightly lower on Tuesday as investors weigh weak Chinese manufacturing data against a better-than-expected GDP reading for the eurozone.
Read in MarketWatch: https://apple.news/
World markets mostly closed, Wall Street futures gain
World markets mostly closed, Wall Street futures higher
Read in ABC News: https://apple.news/
World markets mostly closed, Wall Street futures higher
Read in ABC News: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Bibox promises 25 percent of net profit into repurchasing and burning BIX tokens every quarter
The cryptocurrency ecosystem has witnessed integration with major technologies since its inception. Despite being in its formative years, the cryptocurrency exchanges have significantly evolved. A promising platform in the cryptocurrency ecosystem is - Bibox. Bibox Bibox is an AI-enhanced digital exchange that leverages an advanced distributed cluster system which can seamlessly accommodate over 2 million...
Read in AMBCrypto: https://apple.news/
The cryptocurrency ecosystem has witnessed integration with major technologies since its inception. Despite being in its formative years, the cryptocurrency exchanges have significantly evolved. A promising platform in the cryptocurrency ecosystem is - Bibox. Bibox Bibox is an AI-enhanced digital exchange that leverages an advanced distributed cluster system which can seamlessly accommodate over 2 million...
Read in AMBCrypto: https://apple.news/
Increase In Bitcoin and Crypto Traders Behind HTC's Exodus 2 Blockchain Phone
HTC, the Taiwanese consumer electronics giant, recently rolled-out a plan for the second-generation model of its blockchain-centric smartphone Exodus, later in 2019. Phil Chen, HTC’s chief decentralized officer, revealed that the sales performance of the first-generation Exodus phone managed to meet company’s expectations. It gave HTC the confidence and push to delve into a second-generation...
Read in BlockPublisher: https://apple.news/AKBCM-
HTC, the Taiwanese consumer electronics giant, recently rolled-out a plan for the second-generation model of its blockchain-centric smartphone Exodus, later in 2019. Phil Chen, HTC’s chief decentralized officer, revealed that the sales performance of the first-generation Exodus phone managed to meet company’s expectations. It gave HTC the confidence and push to delve into a second-generation...
Read in BlockPublisher: https://apple.news/AKBCM-
3 Reasons to Adopt Newer Technologies like Bitcoin
Bitcoin was designed as an alternative to the cash-based economy which was heavily dependent on the US market, and also to answer persistent questions about the … The post 3 Reasons to Adopt Newer Technologies like Bitcoin appeared first on The Frisky.
Read in The Frisky: https://apple.news/
Bitcoin was designed as an alternative to the cash-based economy which was heavily dependent on the US market, and also to answer persistent questions about the … The post 3 Reasons to Adopt Newer Technologies like Bitcoin appeared first on The Frisky.
Read in The Frisky: https://apple.news/
Bitcoin At $6,000: Key Level to Watch, Analyst Says - Bitcoinist.com
A Houston-based economic analyst outlined that it’s very important to watch how Bitcoin behaves at the major resistance level at $6,000. Meanwhile, Fundstrat’s Thomas Lee has said that the cryptocurrency is “likely” to reach new all-time highs “around” 2020. Bitcoin at $6,000: Important Level to Watch Houston-based economic analyst Jesse Colombo, popular for his warning about the U.S. housing and credit bubble back in 2008, has shared his take on the current performance of Bitcoin. According to
Read in Bitcoinist.net: https://apple.news/
A Houston-based economic analyst outlined that it’s very important to watch how Bitcoin behaves at the major resistance level at $6,000. Meanwhile, Fundstrat’s Thomas Lee has said that the cryptocurrency is “likely” to reach new all-time highs “around” 2020. Bitcoin at $6,000: Important Level to Watch Houston-based economic analyst Jesse Colombo, popular for his warning about the U.S. housing and credit bubble back in 2008, has shared his take on the current performance of Bitcoin. According to
Read in Bitcoinist.net: https://apple.news/
Bitcoin's Price Closes In on First 3-Month Win Streak Since 2017
Bitcoin is on track to confirm a long-term bullish reversal with its first three-month winning streak since the end of 2017.
Read in CoinDesk: https://apple.news/Ah-
Bitcoin is on track to confirm a long-term bullish reversal with its first three-month winning streak since the end of 2017.
Read in CoinDesk: https://apple.news/Ah-
ErisX Launches Crypto Spot Market on Heels of New $20 Million Raise
Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market.
Read in CoinDesk: https://apple.news/AL-
Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market.
Read in CoinDesk: https://apple.news/AL-
CURRENCIES
How a U.S. dollar breakout could derail emerging market stocks
If the U.S. continues to speed away from the rest of the world, emerging market inflows could flow to a trickle.
Read in MarketWatch: https://apple.news/
If the U.S. continues to speed away from the rest of the world, emerging market inflows could flow to a trickle.
Read in MarketWatch: https://apple.news/
Dollar Buoyant Ahead Of Fed, But Caution Elsewhere Amid Mixed Growth Signals | Action Forex
Solid US growth and muted inflation boosts US dollar and Wall Street But other majors sag as disappointing Chinese PMIs revive growth fears Fed to start two-day monetary policy meeting, unlikely to alter stance Dollar eases from 22-month high but remains supported ahead of FOMC meeting The US currency was outperforming its peers early on […] The post Dollar Buoyant Ahead Of Fed, But Caution Elsewhere Amid Mixed Growth Signals appeared first on Action Forex.
Read in Action Forex: https://apple.news/
Solid US growth and muted inflation boosts US dollar and Wall Street But other majors sag as disappointing Chinese PMIs revive growth fears Fed to start two-day monetary policy meeting, unlikely to alter stance Dollar eases from 22-month high but remains supported ahead of FOMC meeting The US currency was outperforming its peers early on […] The post Dollar Buoyant Ahead Of Fed, But Caution Elsewhere Amid Mixed Growth Signals appeared first on Action Forex.
Read in Action Forex: https://apple.news/
Dollar Index hits 1-week low, but investors happy to buy on dips, says analyst
The index hit a session low at 97.57, its lowest level since April 23.
Read in MarketWatch: https://apple.news/AE6S-
The index hit a session low at 97.57, its lowest level since April 23.
Read in MarketWatch: https://apple.news/AE6S-
Pound euro exchange rate: GBP rises on markets hope for Brexit
THE pound edged higher against the euro today and is trading at €1.157 at the time of writing. The pairing rose despite the UK’s GfK consumer confidence figures for April, which came in weaker-than-expected at -13, while the flash Spanish GDP figures for the first-quarter exceeded forecasts at 0.7 per cent. Joe Staton, the Client Strategy Director at GfK, commented on the UK data. He said: “Despite political carry-on in the Westminster bubble with the clock ticking on Britain's eventual
Read in Express: https://apple.news/
THE pound edged higher against the euro today and is trading at €1.157 at the time of writing. The pairing rose despite the UK’s GfK consumer confidence figures for April, which came in weaker-than-expected at -13, while the flash Spanish GDP figures for the first-quarter exceeded forecasts at 0.7 per cent. Joe Staton, the Client Strategy Director at GfK, commented on the UK data. He said: “Despite political carry-on in the Westminster bubble with the clock ticking on Britain's eventual
Read in Express: https://apple.news/
Forex - Aussie Dollar Falls on Weak China PMI Data; Yuan Edges Up
Forex Apr 30, 2019 04:40 GMT Investing.com - The Aussie dollar, a proxy for China, traded lower on Tuesday in Asia after both official and Caixin Purchasing Managers’ Index (PMI) for the April period missed estimates. The AUD/USD pair fell 0.2% to 0.7044 by 12:35 AM ET (04:35 GMT) and was sent to its session lows immediately following the release of the PMI data. The official PMI for manufacturing fell to 50.1 in April from March’s reading of 50.5. The reading was lower than the expected 50.5.
Read in Investing.com: https://apple.news/
Forex Apr 30, 2019 04:40 GMT Investing.com - The Aussie dollar, a proxy for China, traded lower on Tuesday in Asia after both official and Caixin Purchasing Managers’ Index (PMI) for the April period missed estimates. The AUD/USD pair fell 0.2% to 0.7044 by 12:35 AM ET (04:35 GMT) and was sent to its session lows immediately following the release of the PMI data. The official PMI for manufacturing fell to 50.1 in April from March’s reading of 50.5. The reading was lower than the expected 50.5.
Read in Investing.com: https://apple.news/
China closes online currency regulation loopholes to ease fears over foreign exchange transactions
China has upgraded a set of “provisional guidelines” into mandatory rules covering its 134.7 billion yuan (US$20 billion) of online cross-border foreign currency transactions, as worries about the possibility of large capital outflows continue to haunt…
Read in South China Morning Post: https://apple.news/Ag-
China has upgraded a set of “provisional guidelines” into mandatory rules covering its 134.7 billion yuan (US$20 billion) of online cross-border foreign currency transactions, as worries about the possibility of large capital outflows continue to haunt…
Read in South China Morning Post: https://apple.news/Ag-
HEALTH / SCIENCE
Blood inquiry evidence 'harrowing and chilling'
Chairman praises bravery of victims as public inquiry into contaminated blood scandal begins.
Read in BBC News: https://apple.news/
Chairman praises bravery of victims as public inquiry into contaminated blood scandal begins.
Read in BBC News: https://apple.news/
Fears Fungus Superbug Candida Auris Could Spread to 13th State
There have already bene more than 600 reported cases of the infection, which can be fatal if it gets into the bloodstream.
Read in Newsweek: https://apple.news/
There have already bene more than 600 reported cases of the infection, which can be fatal if it gets into the bloodstream.
Read in Newsweek: https://apple.news/
Why Eating That Cheeseburger When You're Stressed Could Be An Even Worse Idea Than You Think
Eating comfort food when stressed is a typical pattern for many of us, but new research suggests that this pattern could be setting off a cycle in the brain that leads to even worse outcomes than we think.
Read in Forbes: https://apple.news/
Eating comfort food when stressed is a typical pattern for many of us, but new research suggests that this pattern could be setting off a cycle in the brain that leads to even worse outcomes than we think.
Read in Forbes: https://apple.news/
Study estimates 15,000 cancer cases could stem from chemicals in California tap water
A new study finds that chemicals in tap water like arsenic, hexavalent chromium, and uranium are hidden cancer threats in our faucets.
Read in CNN: https://apple.news/
A new study finds that chemicals in tap water like arsenic, hexavalent chromium, and uranium are hidden cancer threats in our faucets.
Read in CNN: https://apple.news/
Merck reports surging sales of vaccines and key cancer drug
Merck breezed past almost all expectations for the first quarter with global sales jumping 8 percent to almost $11 billion
Read in ABC News: https://apple.news/AKfL_
Merck breezed past almost all expectations for the first quarter with global sales jumping 8 percent to almost $11 billion
Read in ABC News: https://apple.news/AKfL_
WTH?! Why Am I Gaining Weight With Intermittent Fasting?
Many people find that intermittent fasting (IF) comes with a variety of health benefits, including disease prevention, improved digestion, and even reduced bloating. But for many people, the reason they dabble in timed meals and eating windows is for weight loss. If you are in the latter category, a ...
Read in POPSUGAR: https://apple.news/
Many people find that intermittent fasting (IF) comes with a variety of health benefits, including disease prevention, improved digestion, and even reduced bloating. But for many people, the reason they dabble in timed meals and eating windows is for weight loss. If you are in the latter category, a ...
Read in POPSUGAR: https://apple.news/
Measles outbreak hits 25-year high
The nationwide measles outbreak hit an alarming milestone, as the number of cases hit a 25-year high. The CDC said 78 new cases were reported over the past week. That brings this year's total to 704 in 22 states. Most are in New York state where health officials have closed seven schools. Dr. Tara Narula reports.
Read in CBS News: https://apple.news/Awh62n_
The nationwide measles outbreak hit an alarming milestone, as the number of cases hit a 25-year high. The CDC said 78 new cases were reported over the past week. That brings this year's total to 704 in 22 states. Most are in New York state where health officials have closed seven schools. Dr. Tara Narula reports.
Read in CBS News: https://apple.news/Awh62n_
USA / CANADA
The top reasons Americans are freaking out about money
Nearly one in five respondents said they worry they can't pay for everyday expenses, according to a new CNBC and Acorns Invest In You Savings Survey.
Read in CNBC: https://apple.news/
Nearly one in five respondents said they worry they can't pay for everyday expenses, according to a new CNBC and Acorns Invest In You Savings Survey.
Read in CNBC: https://apple.news/
Saudi Energy Minister Defies Trump, Suggests OPEC Cuts May Extend Until Year-End
Global oil markets resumed their relentless decline Tuesday after Saudi Arabia's influential energy minister suggested that OPEC could extend its agreed production cuts until the end of the year, defying calls from President Donald Trump to pump more crude and lower U.S. gas prices. Global oil markets resumed their relentless decline Tuesday after Saudi Arabia's influential energy minister suggested that OPEC could extend its agreed production cuts until the end of the year, defying calls from
Read in TheStreet: https://apple.news/AL9_
Global oil markets resumed their relentless decline Tuesday after Saudi Arabia's influential energy minister suggested that OPEC could extend its agreed production cuts until the end of the year, defying calls from President Donald Trump to pump more crude and lower U.S. gas prices. Global oil markets resumed their relentless decline Tuesday after Saudi Arabia's influential energy minister suggested that OPEC could extend its agreed production cuts until the end of the year, defying calls from
Read in TheStreet: https://apple.news/AL9_
EMERGING MARKETS
Argentine economy: Crisis puts workers jobs at risk
Argentines are struggling with a double-digit inflation rate that keeps pushing the prices of basic items up. The government has set up a programme, that includes about 60 products, that will freeze the prices for six months. But for many, these are just temporary measures that the government hopes will help President Mauricio Macri be re-elected. Many people say that they need jobs and stability, something that the government has not been able to provide. Al Jazeera's Teresa Bo reports from
Read in Aljazeera: https://apple.news/
Argentines are struggling with a double-digit inflation rate that keeps pushing the prices of basic items up. The government has set up a programme, that includes about 60 products, that will freeze the prices for six months. But for many, these are just temporary measures that the government hopes will help President Mauricio Macri be re-elected. Many people say that they need jobs and stability, something that the government has not been able to provide. Al Jazeera's Teresa Bo reports from
Read in Aljazeera: https://apple.news/
Africa: Emerging Markets - African Countries Exporting Marijuana
(Photo: This Is Africa) African governments are considering ways of tapping into the lucrative marijuana market. According to a UN survey, more than 10 000 tons of cannabis are produced on the continent each year, which could be worth billions of dollars in a rapidly expanding global market for legal cannabis. Although African governments have not yet followed the trend of marijuana legalisation seen in Europe and the Americas, legitimate marijuana production for medicinal and industrial use is
Read in AllAfrica: https://apple.news/
(Photo: This Is Africa) African governments are considering ways of tapping into the lucrative marijuana market. According to a UN survey, more than 10 000 tons of cannabis are produced on the continent each year, which could be worth billions of dollars in a rapidly expanding global market for legal cannabis. Although African governments have not yet followed the trend of marijuana legalisation seen in Europe and the Americas, legitimate marijuana production for medicinal and industrial use is
Read in AllAfrica: https://apple.news/
The Trouble With Emerging Markets | Morningstar
Emerging markets were intended to bring greater rewards over the long haul because of soaring economic growth, and they have not lived up to expectations
Read in Morningstar UK: https://apple.news/
Emerging markets were intended to bring greater rewards over the long haul because of soaring economic growth, and they have not lived up to expectations
Read in Morningstar UK: https://apple.news/
What it's like to vacation in Iraq
Photographer Christian Lindgren travels to Iraq for an unconventional vacation. Find out what he did on holiday in a destination synonymous with conflict.
Read in CNN: https://apple.news/
Photographer Christian Lindgren travels to Iraq for an unconventional vacation. Find out what he did on holiday in a destination synonymous with conflict.
Read in CNN: https://apple.news/
Asia's crude oil imports from Iran rise to 8-month high in March - data
* March imports at 1.57 mln bpd, up 36 pct from Feb - data * Top Asia buyers rushed for more cargoes amid sanctionswaivers * Asia's Iran oil imports for 2015-2019 By Florence Tan SINGAPORE, April 30 (Reuters) - Asia's crude oil importsfrom Iran rose to the highest in eight months in March as buyersrushed for more cargoes to take advantage of waivers to thesanctions the United States imposed, data from government andtrade sources showed on Thursday. Asia's top oil importers China, India, Japan
Read in Reuters: https://apple.news/
* March imports at 1.57 mln bpd, up 36 pct from Feb - data * Top Asia buyers rushed for more cargoes amid sanctionswaivers * Asia's Iran oil imports for 2015-2019 By Florence Tan SINGAPORE, April 30 (Reuters) - Asia's crude oil importsfrom Iran rose to the highest in eight months in March as buyersrushed for more cargoes to take advantage of waivers to thesanctions the United States imposed, data from government andtrade sources showed on Thursday. Asia's top oil importers China, India, Japan
Read in Reuters: https://apple.news/
Boxed in: $1 billion of Iranian crude sits at China's Dalian port
Some 20 million barrels of Iranian oil sitting on China's shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens its stance on importing crude from Tehran.
Read in Reuters: https://apple.news/
Some 20 million barrels of Iranian oil sitting on China's shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens its stance on importing crude from Tehran.
Read in Reuters: https://apple.news/
Saudi's Falih will stick to global oil deal, pact could be extended: RIA
Saudi Arabia will not rush to boost oil supply to make up for a loss of Iranian crude due to U.S. sanctions, and will stick to a global deal on oil production, which could be extended to the end of 2019, Energy Minister Khalid al-Falih told RIA news agency.
Read in Reuters: https://apple.news/
Saudi Arabia will not rush to boost oil supply to make up for a loss of Iranian crude due to U.S. sanctions, and will stick to a global deal on oil production, which could be extended to the end of 2019, Energy Minister Khalid al-Falih told RIA news agency.
Read in Reuters: https://apple.news/
AFRICA
(Photo: Francisco Miudo/ Angola Press Agency) Luanda At least 3.5 billion euros were recovered by the Angolan authorities during March, under the Coercive Repatriation Law of Capital and Extended Loss of Goods. The revelation was made Friday in Luanda by Eduarda Rodrigues, director of the National Asset Recovery Service (SNRA), an institution linked to the Attorney General's Office (PGR) in charge of ensuring compliance with the said law. The director, who was speaking to the press, on the
Read in AllAfrica: https://apple.news/
Somalia: Norway's Oil Agenda in Somalia
Despite a national image of support to peace and development worldwide, a central agenda of Norway in Somalia for over a decade has entailed methodical maneuvering to control petroleum resources. Norwegian aid and political engagement have often masked deeper interests in offshore oil in Somali waters and in the disputed triangle bordering Kenya's coast. The current ongoing case between Somalia and Kenya at the International Court of Justice has illuminated one aspect of this history. The now
Read in AllAfrica: https://apple.news/
Despite a national image of support to peace and development worldwide, a central agenda of Norway in Somalia for over a decade has entailed methodical maneuvering to control petroleum resources. Norwegian aid and political engagement have often masked deeper interests in offshore oil in Somali waters and in the disputed triangle bordering Kenya's coast. The current ongoing case between Somalia and Kenya at the International Court of Justice has illuminated one aspect of this history. The now
Read in AllAfrica: https://apple.news/
Zimbabwe: Government Urged to Introduce Study of Constitution At Lower Level
Government needs to introduce a new syllabus in schools that will promote the awareness of the Constitution of Zimbabwe, to ensure that the public is well versed with constitutionalism and parliamentary issues, Speaker of the National Assembly Jacob Mudenda has said. Mudenda said this on Monday while addressing senior members of the army at the Zimbabwe Defense University in a paper titled: 'Parliament's over sight role and contribution to National Security as well as political systems in
Read in AllAfrica: https://apple.news/
Government needs to introduce a new syllabus in schools that will promote the awareness of the Constitution of Zimbabwe, to ensure that the public is well versed with constitutionalism and parliamentary issues, Speaker of the National Assembly Jacob Mudenda has said. Mudenda said this on Monday while addressing senior members of the army at the Zimbabwe Defense University in a paper titled: 'Parliament's over sight role and contribution to National Security as well as political systems in
Read in AllAfrica: https://apple.news/
Zimbabwe: Sanctions Must Go - Gutu
Former MDC-T spokesperson Mr Obert Gutu has admitted that the sanctions imposed on Zimbabwe by the West are toxic and hinder socio-economic development. Calling for the removal of the embargo in toto, Mr Gutu -- who is now the vice president of the MDC led by Dr Thokozani Khupe -- said he was "misguided" in actively supporting the imposition of sanctions. He added that all along he "naively" believed that the embargo would lead to the democratisation of Zimbabwe. Mr Gutu in an editorial we
Read in AllAfrica: https://apple.news/
Former MDC-T spokesperson Mr Obert Gutu has admitted that the sanctions imposed on Zimbabwe by the West are toxic and hinder socio-economic development. Calling for the removal of the embargo in toto, Mr Gutu -- who is now the vice president of the MDC led by Dr Thokozani Khupe -- said he was "misguided" in actively supporting the imposition of sanctions. He added that all along he "naively" believed that the embargo would lead to the democratisation of Zimbabwe. Mr Gutu in an editorial we
Read in AllAfrica: https://apple.news/
Angola Recovers Over Three Billion Euros
Zimbabwe scrambles to resolve cash crunch
Zimbabwe is trying to clear its arrears with the World Bank and African Development Bank so it can unlock fresh credit lines to offset a liquidity and foreign exchange crunch. It is also negotiating interim funding lines from China, South Africa, Botswana and the UK to prop up sectors like agriculture and mining. The country...
Read in FurtherAfrica: https://apple.news/AN_
Zimbabwe is trying to clear its arrears with the World Bank and African Development Bank so it can unlock fresh credit lines to offset a liquidity and foreign exchange crunch. It is also negotiating interim funding lines from China, South Africa, Botswana and the UK to prop up sectors like agriculture and mining. The country...
Read in FurtherAfrica: https://apple.news/AN_
ASIA
Special Report: China's vast fleet is tipping the balance in the Pacific
By David Lague and Benjamin Kang Lim TAIPEI (Reuters) - A generation ago, from mid-1995 into early 1996, China lobbed missiles in the waters around Taiwan as the self-governing island prepared to hold its first fully democratic presidential election. Washington forcefully intervened to support its ally, sending two aircraft carrier battle groups to patrol nearby. The carriers, then as now the spearhead of American power, intimidated Beijing. The vote went ahead. The missiles stopped. Today, with
Read in Business Insider: https://apple.news/
By David Lague and Benjamin Kang Lim TAIPEI (Reuters) - A generation ago, from mid-1995 into early 1996, China lobbed missiles in the waters around Taiwan as the self-governing island prepared to hold its first fully democratic presidential election. Washington forcefully intervened to support its ally, sending two aircraft carrier battle groups to patrol nearby. The carriers, then as now the spearhead of American power, intimidated Beijing. The vote went ahead. The missiles stopped. Today, with
Read in Business Insider: https://apple.news/
Unlocking China bond market opportunities amid uncertainties
When phased inclusion of China's onshore bond market into Bloomberg Barclays Global Aggregate Index starts in Q2, global uncertainties and Chinese corporate bonds defaults continue to worry investors.
Read in Forbes: https://apple.news/A7x2-
When phased inclusion of China's onshore bond market into Bloomberg Barclays Global Aggregate Index starts in Q2, global uncertainties and Chinese corporate bonds defaults continue to worry investors.
Read in Forbes: https://apple.news/A7x2-
New funds targeting China's Nasdaq-style tech board in hot demand
China's first batch of mutual funds targeting Shanghai's Nasdaq-style technology board have sold out quickly, reflecting keen investor interest in the sector and also raising concerns about price bubbles on the new board set to launch as early as June.
Read in Reuters: https://apple.news/
China's first batch of mutual funds targeting Shanghai's Nasdaq-style technology board have sold out quickly, reflecting keen investor interest in the sector and also raising concerns about price bubbles on the new board set to launch as early as June.
Read in Reuters: https://apple.news/
Washington Is Dismissing China’s Belt and Road. That’s a Huge Strategic Mistake.
The project presents a unique opportunity for the U.S. to ensure Eurasia stays multipolar.
Read in POLITICO: https://apple.news/A3_d577xKS-
The project presents a unique opportunity for the U.S. to ensure Eurasia stays multipolar.
Read in POLITICO: https://apple.news/A3_d577xKS-
EUROPE
Brexit: Theresa May threatens Labour she will abandon talks if deal not reached by next week
Theresa May will abandon attempts to strike a Brexit deal with Labour if no cross-party agreement can be struck within one week.
Read in The Independent: https://apple.news/
Theresa May will abandon attempts to strike a Brexit deal with Labour if no cross-party agreement can be struck within one week.
Read in The Independent: https://apple.news/
UK eyes middle of next week deadline for Brexit talks with Labour - reports
The British government wants talks with the opposition Labour Party on a Brexit compromise to reach a conclusion by the middle of next week, several British journalists reported on Tuesday citing unnamed sources.
Read in Reuters: https://apple.news/APp_
The British government wants talks with the opposition Labour Party on a Brexit compromise to reach a conclusion by the middle of next week, several British journalists reported on Tuesday citing unnamed sources.
Read in Reuters: https://apple.news/APp_
WIDER IMAGE-Danish fishing communities fear Brexit could sink them
* Photo essay:
Read in Reuters: https://apple.news/A4_
* Photo essay:
Read in Reuters: https://apple.news/A4_
UK's Labour divided over whether to back new EU referendum
It's not just the British government that has problems over Brexit; the main opposition Labour Party is agonizing over whether to back a second EU membership referendum.
Read in ABC News: https://apple.news/
It's not just the British government that has problems over Brexit; the main opposition Labour Party is agonizing over whether to back a second EU membership referendum.
Read in ABC News: https://apple.news/
d
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
Click on link above for update.
The CBI for Thursday 5/2/19 did update on the indicative rates Sell Rate 1190
The currency auction is 237,930,660
There are no news and announcements.
Rafidain explains the process of submitting and granting advances to employees of the local state departments
Editorial date: 2019/5/2 8:57 • 310 times read
(Baghdad: al-Furat News) Rafidain Bank, on Thursday, the process of providing and granting advances to employees of the local state services.
A statement issued by the bank, received the agency {Euphrates News} a copy of it, "The advances granted to the employees of the State Department of the homeland salaries are (3, 5 and 10) million dinars."
He added that "the presentation on the advance will be through the branches of the bank exclusively and through the MasterCard card issued by Rafidain Bank."
He pointed out that "grant the advance according to the salary estimates of the employee and in accordance with the instructions and controls set by the bank."
He added that "the presentation on the advance will be through the branches of the bank exclusively and through the MasterCard card issued by Rafidain Bank."
He pointed out that "grant the advance according to the salary estimates of the employee and in accordance with the instructions and controls set by the bank."
Click on link above for update.
The CBI for Thursday 5/2/19 did update on the indicative rates Sell Rate 1190
The currency auction is 237,930,660
There are no news and announcements.
Click on link above for update.
Value Traded
215,706,807
Shares Traded
196,033,759
ISX ended in Green
Kauaihn Chatter:dd
5-1-2019 Intel Guru Eagleone2025 [new Guru] May Day May Day today is May 1st so we are now in the second window. May 1-7... The Meeting in Washington D.C..with Trump went very well. [What was DC meeting about?] The RV.
5-1-2019 Intel Guru MarkZ [Let's get this party started] I agree…and that’s the rumor that the party starts late afternoon today…we have so much expectation for today…expectations are huge...there really is so much news hitting... I am expecting we can start making apts. before Friday. The redemption centers firmly believe they will start seeing people on Friday...
5-1-2019 Intel Guru MarkZ [Let's get this party started] I agree…and that’s the rumor that the party starts late afternoon today…we have so much expectation for today…expectations are huge...there really is so much news hitting... I am expecting we can start making apts. before Friday. The redemption centers firmly believe they will start seeing people on Friday...
5-1-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL" Things happen slowly in Iraq. We know this. It was about 3 months ago when I posted that original link...the articles are starting to focus on the higher level agreements. This is the fine tuning, and the polishing. That's what I'm seeing happening right now... and it's all coming full circle, about 3-6 months after the last big round of "regular" news. This just happens to fall in place perfectly, if you ask me. I'm on the fence about Ramadan this year - it might not be as quiet as it has been in the past. I'm hoping to find some more clues, or get some "boots on the ground" feedback over the next couple days. [post 2 of 2]
5-1-2019 Newshound Guru Adam Montana It seems we are in an interesting situation right now. I've been watching the news shift directions slightly...not in an opposing way, just a shift. In the past, we've had some key things happen around mid-year. Major items, like Chapter 7, for example. The "shift" in the news that I'm seeing is - and I say this with a little bit of reservation, because I'm not substituting my intuition for an actual crystal ball - it is encouraging, in a way that may be signaling another big announcement in the middle of the year. I'm expecting a revaluation of the Iraqi Dinar to be preceded by a bit of silence...and we do have that right now. Don't get me wrong, we have a lot of encouraging articles to read right now, but the subtle shift in tone...It's hard to explain... [post 1 of 2....stay tuned]
5-1-2019 Intel Guru Footforward To be clear, I expect the dinar to revalue and I expect the rate to be over 3.
5-1-2019 Intel Guru Bruce I will say this, we are at the right level where we want to be, and we should have Dinar back on the screens here. It was off...Monday...but I think we are at a Go period...we are ready to kick this thing off. ...I believe we are looking in pretty good shape for tomorrow [Wednesday], and it might be late morning. I am going to suggest everybody just get excited and get ready to go. [post 2 of 2]
5-1-2019 Intel Guru Bruce [via PinkRoses] We are really in a situation where most sources have been told to shut up and literally just be quiet right now...The banks sources that we have have been asked to be very quiet...Things that were issues a few days ago, are no longer an issue, and that is the kind of news I like to hear... I have been asked...not to get specific about the rates. So, I won’t. ...You are going to find the rate of the Dong...to be very close, within 10% of the Dinar which is tremendous. Much higher than we thought it was going to be. [post 1 of 2....stay tuned]
5-1-2019 Newshound Guru Adam Montana It seems we are in an interesting situation right now. I've been watching the news shift directions slightly...not in an opposing way, just a shift. In the past, we've had some key things happen around mid-year. Major items, like Chapter 7, for example. The "shift" in the news that I'm seeing is - and I say this with a little bit of reservation, because I'm not substituting my intuition for an actual crystal ball - it is encouraging, in a way that may be signaling another big announcement in the middle of the year. I'm expecting a revaluation of the Iraqi Dinar to be preceded by a bit of silence...and we do have that right now. Don't get me wrong, we have a lot of encouraging articles to read right now, but the subtle shift in tone...It's hard to explain... [post 1 of 2....stay tuned]
5-1-2019 Intel Guru Footforward To be clear, I expect the dinar to revalue and I expect the rate to be over 3.
5-1-2019 Intel Guru Bruce I will say this, we are at the right level where we want to be, and we should have Dinar back on the screens here. It was off...Monday...but I think we are at a Go period...we are ready to kick this thing off. ...I believe we are looking in pretty good shape for tomorrow [Wednesday], and it might be late morning. I am going to suggest everybody just get excited and get ready to go. [post 2 of 2]
5-1-2019 Intel Guru Bruce [via PinkRoses] We are really in a situation where most sources have been told to shut up and literally just be quiet right now...The banks sources that we have have been asked to be very quiet...Things that were issues a few days ago, are no longer an issue, and that is the kind of news I like to hear... I have been asked...not to get specific about the rates. So, I won’t. ...You are going to find the rate of the Dong...to be very close, within 10% of the Dinar which is tremendous. Much higher than we thought it was going to be. [post 1 of 2....stay tuned]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Mahdi's website; posted only on the Arabic side, not on the English side)
The Prime Minister, Mr. Adel Abdelmahdi, visits the Bergmon Museum in Berlin, which includes historical monuments of different ages, human civilizations and Islamic arts
20 pix
Media Office of the Prime Minister
May 1, 2019
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 5-1-2019 around 10:30 am Eastern
PM @AdilAbdAlMahdi visits the Federal Republic of Germany, holds talks with senior officials and oversees the signing of an agreement between @IraqiGovt and @Siemens to develop the power sector in Iraq.
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ARTICLE 3
Including the dissolution of the Council of Nineveh and the restoration of their contracts .. Hot agenda for the meeting of Representatives tomorrow
2019/5/2 12:26 ?? AÂ ¢ ?? A ??? ¢ 8 times read
[Baghdad-where]
The House of Representatives will hold a meeting on Thursday [15] of the second legislative term, which includes a fire schedule. Perhaps the most prominent among the agenda of the session "vote on the dissolution of the Nineveh Provincial Council."
It also includes the reading of several laws, including the first reading of the law of reinstatement of their contracts from the interior and defense to the service.
Also includes a vote on the draft law amending the law of companies, and vote on the draft amendment to the first law of the fund to recover the money of Iraq.
It also included voting on the Industrial Cities Law and voting on the draft traffic law, in addition to the draft financial management law.
It also included a report and discussion of the draft law of appeal in favor of the law in the provisions and decisions related to real estate, in addition to the report and discussion of the draft law of the first amendment to the law of the civil presses No. [5] of 1999.
It also included the introduction of a general topic for discussion on the cancellation of the integration of the Ministry of Environment in the Ministry of Health, and the introduction of a general topic for discussion on the ration card items, as well as a public topic for discussion on the environmental situation in the province of Basra.
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ARTICLE 4
Saleh: Iraqi workers will be at the forefront of those who see the reconstruction and reconstruction
BAGHDAD - May 1: President Barham Salih congratulated Iraqi workers and workers on the occasion of the International Labor Day.
In a statement issued on Wednesday, 1-5, on the occasion of the Labor Day anniversary, the President hailed the role of Iraqi workers, their struggle and their precious sacrifices for freedom and freedom.
The President said that "the workers will be at the forefront of the process of building and reconstruction of Iraq through the continuous work to push the wheel of production and development to achieve comprehensive development in all areas, calling for sovereignty to give the working class attention and care and improve their level of living, and find jobs that accommodate these energies And employ them in the process of development, and activate the work of trade unions to defend them and their rights.
He added, "We emphasize on this occasion that the working class should pay attention and care, improve their living standards, find employment opportunities that absorb these energies and employ them in the development process. We also urge the activation of labor unions to defend them and their rights. To promote the reality of the working class like the countries of the world with your arms and the pulse of your hearts will be built Iraq, and our factories and factories will return Zahra productive thanks to the beads of your race and sacrifices that endure the hearts of your people. " Finished
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ARTICLE 5
No reduction in working hours during Ramadan
2019/5/1 22:08
[Follow-up]
The General Secretariat of the Council of Ministers denied the reduction of working hours during the month of Ramadan.
A source in the General Secretariat of the Council of Ministers said that it denies a decision on reducing official working hours in the month of Ramadan and confirms that the decision will be taken later.
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ARTICLE 6
The falcon cell is attached to the appearance of al-Baghdadi and is spared by its consequences
2019/5/2 12:59
[Baghdad-where]
BAGHDAD (Reuters) - The majority of terrorists identified by Abu Bakr al-Baghdadi, the leader of the al-Qaeda terrorist organization Abu Bakr al-Baghdadi, were killed in an air strike in Syria late last year, the intelligence hawks said on Thursday.
"Most of the names of the terrorists mentioned by al-Baghdadi in his recorded address were killed in an air strike on the Sousse area last year," the cell said in Deir al-Zour, east of Syria.
Baghdadi appeared in a videotape a few days ago sitting on the ground, talking to members of the organization, and appeared some assistants are listening to him, while the faces were covered.
The Hawks, a name for the Iraqi Interior Ministry's intelligence and counterterrorism bureau, announced in mid-December 2018 that 16 Baghdadis were killed in an Iraqi air strike on a headquarters during a meeting in the Sousse region.
The commander of the cell then said that among the dead 13 suicide bombers were preparing to carry out terrorist operations in a number of cities in Iraq, including the cities of Baghdad, Karbala, Samarra and Kirkuk.
The 13 suicide bombers planned to enter Iraq via the desert road, with the help of the commander of the desert region between Iraq and Syria, to carry out the attacks.
Among the most prominent leaders are those who were mentioned by al-Baghdadi and killed in Syria, "a war minister who urged Mushtaq stubbornness of the pyramid of Muhammadi, nicknamed Abu Omar, Baghdadi deputy Sajad Ali Hussein al-Hasnawi, nicknamed Abu Safiya Iraqi, and Abdul Hamid al-Salmani, official of the desert region."
Among those killed in the raid were the operations officer Omar Abdul Salman al-Fahdawi, the military official of the Middle Euphrates province Shaker al-Hardani, known as Shaker Rocket, the security chief of the organization Abu Saleh al-Obeidi, and Abu Hamza al-Yemen, the Amir of the so-called suicide bombers in Syria.
The appearance of Baghdadi before his first days in more than five years, as the man disappeared from view fully with the intensification of military operations against the organization in Iraq and Syria.
The last audiotape of al-Baghdadi dates back to September 2017, weeks before he lost the city of Raqqa following an attack by US-backed Syrian Democratic forces.
Earlier, an Iraqi intelligence source reported that the Iraqi Air Force had targeted a meeting of leaders of a Syrian organization in Syria, which resulted in the death of a number of them and injuring others.
The source added that "it was later found that al-Baghdadi was seriously injured by the strike, made him dead and can not perform his functions," but the organization did not comment on these re
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