WOTS Saturday 6/22/19:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1186.0000 | 1181.4000 | 1181.4000 | | 08:41 |
| USD/VND | | | 23290.0000 | 23290.0000 | 23290.0000 | | 06:05 |
| USD/CNY | | | 6.8775 | 6.8344 | 6.8620 | | 11:01 |
| USD/KWD | | | 0.3037 | 0.3026 | 0.3028 | | 13:36 |
| GBP/USD | | | 1.2748 | 1.2642 | 1.2699 | | 15:59 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 19:01 |
| USD/IDR | | | 14180.0000 | 14064.0000 | 14108.0000 | | 15:57 |
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DC NY Iraq Articles:dd
Parliament raises the votes on the cabinet cabins and special grades of the agenda of today's session
Release date: 2019/6/22 11:09 • 125 times read
(Baghdad: al-Furat News) A parliamentary source informed on Saturday, lifting the voting paragraphs on the completion of the ministerial cabin and special grades of the table today's session.
The source told the {Euphrates News} that "the parliament lifted the paragraphs of the vote on the completion of the ministerial cabin and special grades of its schedule on Saturday."
America is preparing to evacuate 400 contractors from the base of a country due to a potential threat
22-06-2019 12:55 AM
Baghdad:
BAGHDAD (Reuters) - US forces are preparing to evacuate hundreds of Lockheed Martin and Saliport Global employees from an Iraqi military base where contractors are working, Iraqi military sources said Friday.
The sources told Reuters that about 400 contractors from the two companies are preparing to leave Balad military base north of Baghdad, which hosts US forces because of "potential security threats," noting that the departure of contractors is imminent.
The sources told Reuters that about 400 contractors from the two companies are preparing to leave Balad military base north of Baghdad, which hosts US forces because of "potential security threats," noting that the departure of contractors is imminent.
The Government of Kurdistan begins to pay the loans of contractors
2019/06/22 04:51:28
The Kurdistan Regional Government began to pay the loans of contractors, after the return of work for about 250 projects in Sulaymaniyah and Halabja.
The head of the branch of the Union of Contractors in Sulaymaniyah Bishua Mohammed local Kurdish media that the Kurdistan Regional Government has paid a large part of the loans of contractors and left only 25% of the loans that we expect to pay in the coming period.
He added that "thanks to the repayment of these loans has been resumed work 250 projects within the boundaries of the provinces of Sulaymaniyah and Halabja," noting that these projects will increase employment opportunities significantly.
Moqtada al-Sadr, the leader of the Iraqi Sadr movement, called on his government to prevent politicians from performing Hajj this year .
Saturday 22, June 2019
With the approaching date of Hajj, the government should prevent politicians from going to Hajj this year, and prevent all those who have gone before politicians and others with the formation of a credible committee to see the conditions of the pilgrims before going back to return," Sadr said in a statement posted on his Twitter account. "He said.
He called on Sadr to provide the opportunity of pilgrimage to those who did not go previously, and to allocate a share to the families of martyrs and wounded so that they should not be at the expense of the general public, and to provide the elderly to go to the pilgrimage.
He also called on Sadr to prevent anyone who harms the reputation of Iraq during the performance of the duty to go to it, and to prevent sectarian dealings with pilgrims, stressing the prohibition of quotas of parties, even for this year only and if prevented repeatedly was better.
Sadr also called for coordination with the Saudi government in providing services to Iraqi pilgrims in a decent manner.
Will a last-minute Kurdish move help Erdoğan in Istanbul polls?
June 22, 2019
Some 10 million Istanbul residents will head to square boxes for the rerun elections on June 23 to elect the new mayor of Turkey 's largest metropolis Istanbul . Latest opinion polls suggest that the Republican People's Party ( CHP ) nominee Ekrem İmamoğlu is ahead of Binali Yıldırım of the ruling Justice and Development Party ( AKP ). A common understanding out of the surveys of these flags suggests that İmamoğlu will have a two to three point advantage against his rival.
In a statement to foreign journalists on June 20, President and AKP chairman Recep Tayyip Erdoğan stated that İmamoğlu may win the Istanbul elections but he will be in a predicament because his party controls the municipal assembly and has 25 district mayors out of 39 in the city .
A letter signed by the accused leader of the PKK, Abdullah Öcalan, which calls on Kurdish voters to stay neutral in the upcoming elections should be read within this context. A revisit to the Kurdish card by the AKP came as the party officials realized that there is no chance for Yıldırım to close the gap with İmamoğlu.
As a matter of fact, the signs of this new play have begun to be observed in the past months as Öcalan was allowed to meet his lawyers after an eight-year hiatus. Yıldırım's visit to the southeast province of Diyarbakır where he greeted a local crowd in Kurdish and spoke of "Kurdistan" should be counted as additional evidence to this end.
There are speculations in Ankara that the AKP had first approached Selahattin Demirtaş, the former co-leader of the People's Democratic Party ( HDP ) who has been behind bars since late 2017 over terror charges, to issue a call for the HDP voters to remain neutral in the Istanbul polls. In a clear refusal of this proposal, Demirtaş said, "We believe that İmamoğlu's narrative should be supported. Because we are beautiful when together. Without the HDP , or by excluding the HDP , nothing will be beautiful enough. "He also urged the AKP in an indirect way that forcing the HDP will not yield a result.
On June 19, a crowded delegation was reportedly taken to İmralı Island where Öcalan is serving a life sentence. On June 20, an academic, Ali Kemal Özcan, held a press conference and argued that Öcalan handed him a letter about the main actual developments. Two things were attention-drawing in this scenario: First, the statement was made by a no-name academic instead of Öcalan's lawyers, and second, it was reported by Turkey 's Anadolu Agency.
HDP spokespeople have immediately announced that their position with regards to Sunday's vote has not changed, meaning they will back İmamoğlu.
All these seem to have been operating within the knowledge of the AKP government with the objective of persuading the Kurdish voters not to vote on Sunday so that Yıldırım is able to win Istanbul .
However, there are serious question marks about this move, both ethically and politically.
When asked about this statement of Öcalan in a TV interview late June 20, Erdoğan preferred to simplify the situation as a power struggle between Öcalan and Demirtaş which also includes the PKK's headquarters in northern Iraq and its European branches.
"Öcalan does not want to lose his power against any of these," Erdoğan said, continuing his claims that a wing within the CHP is the one that supports the PKK. "Thank God, Mr. Binali has nothing to do with all these. The only alliance we have is with the MHP [Nationalist Movement Party], "he said.
Politically, seeing Öcalan, a convicted terrorist leader, and Demirtaş, a politician and the former leader of a legitimate political party, equal is wrong. More importantly, if Öcalan is today able to communicate with the outside world and there before carrying out what Erdoğan calls a power struggle, he is doing all these with the permission and the means of the state. And this adds yet another example of a years-long exclusion and isolation of the legitimate representatives of Kurdish politics as the main reason behind the unhealthy political landscape.
In a statement on June 21, MHP leader Devlet Bahçeli reiterated his commitment to the continuation of his party's alliance with the AKP despite the Öcalan move. He appeared not so much disturbed on Öcalan's intervention, providing rumors that he had been given information beforehand.
This move also sparks ethical problems. Erdoğan and many AKP officials have long been using a narrative that blamed all of their political rivals as being in cooperation with multiple terrorism organizations. (That's why Yıldırım paid a visit to Milli Gazete newspaper - a media outlet of the Felicity Party (SP) - and apologized to SP supporters for such accusations.)
This column has many times in the past underlined that demonizing and accusing politicians as terrorism supporters are unethical and dangerous to a stable public order. By putting Öcalan forward for political gains, the AKP is committing yet another big mistake and drawing a picture that it is full of inconsistencies.
For many experts, this move of the AKP is nothing but a show of desperation. At the end of the day, Öcalan may be satisfied with his move as he still has a role to play and could bring his calls for a new peace process back to the agenda. The HDP has shown once again that it continues to stand with Demirtaş and its indirect cooperation with the CHP - İYİ (Good) Party alliance.
The Sunday poll results will show whether or not this last-minute Öcalan move will bring about the title to the AKP 's Yıldırım.
Kauaihn Iraq Articles:dd
Nechirvan Barzani discusses with Erdogan economic and security cooperation
In his first foreign visit since his election as president of the Kurdistan region
Saturday, 22 June 2019 AD Issue Number [14816]
Turkish President Recep Tayyip Erdogan in the future President of the Kurdistan region Nigirvan Barzani (Reuters)
Ankara: Saeed Abdel Razek Turkish President Recep Tayyip Erdoğan met with President of the Kurdistan Region of Iraq Nezhirvan Barzani in Istanbul on the first foreign visit since his inauguration as president of Kurdistan on June 10.
Barzani's visit to Turkey came at a time of heightened tensions in the region, during which he discussed the relations between Turkey and the region, in addition to security issues, especially with regard to combating the PKK and economic activity.
The Turkish president announced last night, the visit of Barzani, saying: «will visit me on Friday (yesterday) a special guest, is Nechirvan Barzani». Barzani's visit to Turkey came a day after a series of talks with Iraqi Prime Minister Adel Abdul-Mahdi and senior officials during an official visit to Baghdad on Sunday.
Barzani has been congratulated after his election as president of the region after Ankara and Erbil relations soured over a referendum last year on independence from Iraq. Barzani played a major role in easing tension and maintaining relations between the two sides.
The Kurdistan Regional Parliament elected Barzani as president, late last month. On June 10, the sworn oath was sworn in and Turkish Foreign Minister Mouloud Gawishoglu, who met Barzani for the second time in less than two months after his visit to the region on April 27 as part of a visit to Iraq, was sworn in.
The Kurdistan region maintains extensive trade relations with Turkey. The volume of trade exchange between Turkey and Iraq in general to about 16 billion dollars a year, more than half that amount with the Kurdistan region.
Barzani's visit to Turkey coincided with the continuation of the military "claw" operation carried out by the Turkish army against PKK positions in Hakork, northern Iraq. The operation began on May 28, hours before the election of Nechirvan Barzani, as president of the Kurdistan region.
The Kurdistan region and Turkey have been associated with old relations since the nineties of the last century, despite the tension between the two sides. The year 2011 witnessed a great openness on the part of Turkey on the region. The visits were repeated, most notably the visit of Erdoğan, then Prime Minister, International.
Nechirvan Barzani has a good relationship with Turkey, encourages dialogue with her and described relations with her during his meeting with Gawishoglu in April as important and strategic.
Barzani's visit to Turkey was of great importance to the energy portfolio as Turkey began importing oil from Iraq instead of importing it from Iran in compliance with US sanctions.
Barzani's visit to Turkey came at a time of heightened tensions in the region, during which he discussed the relations between Turkey and the region, in addition to security issues, especially with regard to combating the PKK and economic activity.
The Turkish president announced last night, the visit of Barzani, saying: «will visit me on Friday (yesterday) a special guest, is Nechirvan Barzani». Barzani's visit to Turkey came a day after a series of talks with Iraqi Prime Minister Adel Abdul-Mahdi and senior officials during an official visit to Baghdad on Sunday.
Barzani has been congratulated after his election as president of the region after Ankara and Erbil relations soured over a referendum last year on independence from Iraq. Barzani played a major role in easing tension and maintaining relations between the two sides.
The Kurdistan Regional Parliament elected Barzani as president, late last month. On June 10, the sworn oath was sworn in and Turkish Foreign Minister Mouloud Gawishoglu, who met Barzani for the second time in less than two months after his visit to the region on April 27 as part of a visit to Iraq, was sworn in.
The Kurdistan region maintains extensive trade relations with Turkey. The volume of trade exchange between Turkey and Iraq in general to about 16 billion dollars a year, more than half that amount with the Kurdistan region.
Barzani's visit to Turkey coincided with the continuation of the military "claw" operation carried out by the Turkish army against PKK positions in Hakork, northern Iraq. The operation began on May 28, hours before the election of Nechirvan Barzani, as president of the Kurdistan region.
The Kurdistan region and Turkey have been associated with old relations since the nineties of the last century, despite the tension between the two sides. The year 2011 witnessed a great openness on the part of Turkey on the region. The visits were repeated, most notably the visit of Erdoğan, then Prime Minister, International.
Nechirvan Barzani has a good relationship with Turkey, encourages dialogue with her and described relations with her during his meeting with Gawishoglu in April as important and strategic.
Barzani's visit to Turkey was of great importance to the energy portfolio as Turkey began importing oil from Iraq instead of importing it from Iran in compliance with US sanctions.
Iraqi, Omani FMs talk developing ties to meet peoples' aspiration
https://www.thebaghdadpost.
https://www.thebaghdadpost.
Saturday 22/06/2019 12:20 AM
Iraqi Foreign Minister Mohamed al-Hakim arrived in the Sultanate of Oman on Friday, where he met with his Omani counterpart Yusuf bin Alawi.
During the meeting, the two foreign ministers discussed developing joint relations to meet the aspiration of the peoples of the two countries, according to statement by the Iraqi foreign ministry.
The visit comes to sustain communication and consultation between Iraq and Oman on the latest developments in the region to preserve the security and interests of both countries, the statement read.
For his part, the Omani minister expressed appreciation for the role of Iraq in the region and his happiness for the development and progress of the relationship between the two counties, and the efforts exerted to resolve the crises in the region.
Allawi calls for reviewing security plans, filling unoccupied ministries
Saturday 22/06/2019
Leader of the Al-Wataniyah (National) Coalition Ayad Allawi called for an urgent review of security plans, saying that "the words of condemnation stand helpless" in the face of the horrific terrorist act which addressed worshipers in Baghdad's Baladiyat neighborhood.
"I call for an urgent review of the security measures and plans to combat and eradicate terrorism," Allawi said.
He also called for naming the security ministers "for the benefit of the homeland and the citizen," away from the political, partisan, and personal interests.
At least three people were killed and more than 15 others injured Friday in a bomb attack at a Shiite mosque in eastern Baghdad, an Interior Ministry source said, denying initial reports of suicide bombing.
The return of Necmettin Karim is a source of hope in Baghdad
Saturday 22 June 2019
The former governor of Kirkuk, Necmettin Karim, returned last Saturday to Erbil, the capital of the Kurdistan region, from the Lebanese capital of Beirut, where he was recently detained by Interpol at the direct request of the Iraqi government (see " 3766). A day later, the president of the "newly elected" region, Nigervan Barzani, appeared in a move that was read as a message that Barzani was capable of protecting their "community," no matter how important they were.
"Iraqi INTERPOL and the Iraqi Embassy have done their duty on Karim, but the issuance of a Lebanese presidential decree enabled the former governor to travel," Iraqi Prime Minister Adel Abdul Mahdi said at his weekly press conference last Tuesday. "His government will not tolerate this matter," he said. . Abdul-Mahdi threw the ball in the Lebanese presidential court, whose sources refused to comment on the subject. Refused his campaign «news» to the sources of Abdul Mahdi, to echo the last saying: «We learned the decree».
According to the information available to Al Akhbar, the Iraqi Embassy in Beirut was following up the case of receiving Karim under the direction of the Foreign Ministry, but was suddenly asked to "brake its efforts" for reasons not disclosed by the Prime Minister's Office. This coincided with the receipt by the Lebanese authorities of the indictment, which appeared to be limited compared to previous accusations against Karim. After they were "prejudicial to Iraqi national security", they "seized a number of mechanisms", ending the matter by promising to "return" these mechanisms. After a "deal", Karim was freed after being held in Beirut for 20 days.
According to the information available to Al Akhbar, the Iraqi Embassy in Beirut was following up the case of receiving Karim under the direction of the Foreign Ministry, but was suddenly asked to "brake its efforts" for reasons not disclosed by the Prime Minister's Office. This coincided with the receipt by the Lebanese authorities of the indictment, which appeared to be limited compared to previous accusations against Karim. After they were "prejudicial to Iraqi national security", they "seized a number of mechanisms", ending the matter by promising to "return" these mechanisms. After a "deal", Karim was freed after being held in Beirut for 20 days.
For several reasons .. Suron calls for the extension of the legislative chapter of the House of Representatives
22/06/2019
Baghdad - Mawazine News MP for the alliance of Jawad al-Musawi, on Friday, the extension of the second legislative term of the House of Representatives for 30 days.
Moussawi said in a statement received by Mawazine News that he was "asking for the extension of the second legislative term for 30 daysHe added that "the request comes because of the existence of important laws incomplete such as the Federal Court Act and the law of elections and the termination of the Agency and the lack of completion of the ministerial cabin.
Moussawi said in a statement received by Mawazine News that he was "asking for the extension of the second legislative term for 30 daysHe added that "the request comes because of the existence of important laws incomplete such as the Federal Court Act and the law of elections and the termination of the Agency and the lack of completion of the ministerial cabin.
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At 26 Years Old He Brought His First Company Public And Now Built A $550 Million Business
Serial entrepreneur Vishal Garg has been involved in some very notable US and international startups that have aimed to disrupt large financial industries. Today, he is a veteran who knows how to raise money, scale large businesses and get the largest financial institutions behind him.
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10 Things to Know for Today
Among 10 Things to Know: US prepped for strikes on Iran before approval was withdrawn; Global carriers to avoid Strait of Hormuz; Biden's South Carolina trip to test whether campaign stumbles matter
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Gold Jumps as Fed Keeps Door Open for Rate Cut
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Stocks, Gold, Oil Prices Rally; S&P 500 Index Nails New High
Microsoft and Oracle ran hot early Thursday as rallying stock futues, oil prices and overseas markets helped drive the S&P 500 index toward a new high.
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Oil Prices Trade Higher on Crude Inventories Data
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Here's When To Use a Personal Loan Rather Than a Credit Card
Credit cards aren't always the best choice.
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An under-the-radar credit card benefit might not be as exciting or glamorous as points or miles, but in a pinch it's just as useful
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The 6 best credit cards of 2019
The best credit cards can help you save money on big purchases, help make traveling easier, or get your business off the ground.
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Venmo Dabbles in Rewards by Offering Cash Back With Debit Card
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Credit Card Review: Marriott Bonvoy Bold
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Stocks to Test Record as Bonds Rise, Dollar Slumps: Markets Wrap
Get caught up on what’s moving markets right now.
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10-year U.S. government bond yield dips below 2%
Treasury yields fall Thursday in the wake of a Federal Reserve meeting that indicated the possibility of easier monetary policy taking root for the rest of the year.
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As the S&P 500 bumps up against 3,000, Wells Fargo says cash in on gains
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Reaching For Records: Major Indices Near All-Time Highs After Fed Hints At Easing
Stocks are getting close to their all-time highs today as investors ponder the implications of a possible Fed rate cut next month. Meanwhile, two overseas central banks left rates unchanged, and Slack has its direct listing today.
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What to watch in the markets today
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This father of three put everything into bitcoin. Here’s what happened next.
The Bitcoin Family are traveling the world, unencumbered by centralized currency.
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LINE's Crypto Exchange Could Win Japan License This Month, Report Says
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Facebook's cryptocurrency faced with regulatory warnings from central bankers
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Libra: Not A Currency Board And (Maybe) Not A Stable Currency
The stability of Libra, the cryptocurrency backed by Facebook, is guaranteed by the intrinsic value of the coin, a result of the assets that back the value of the currency.In the absence of a proper fixed exchange rate and a credible mechanism to maintain it, Libra looks more like a standard flexible exchange rate currency.The cryptocurrency’s stability will depend on its credibility.
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Token, an Open Banking Platform, Raises $16.5M in Funding
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Dollar stays pressured on Dovish Fed, more reviews | Action Forex
Dollar remains the weakest one in Asian session today and selloff is picking up against Yen and Canadian Dollar. Nevertheless, there is no clear follow through decline against others so far. Technically, USD/JPY has resumed recent fall from 112.40 and is on track for 104.69 support. USD/CAD’s break of 1.3239 also resumes decline from 1.3564. […] The post Dollar stays pressured on Dovish Fed, more reviews appeared first on Action Forex.
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Fed Confirms Rate Cuts Loom, Dollar Crumbles | Action Forex
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USD/CAD Tumbles Below 1.3300 Post Fed Policy | Action Forex
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Investors use currency accounts to swap sterling ahead of Brexit dates
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Sterling slips as Bank of England cuts second-quarter growth to zero
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Sri Lanka stocks hit over 1-week low on profit taking; rupee slips
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Jim O'Neill: China could globalize the yuan to challenge the dollar's dominance
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U.S. Suicide Rates Are the Highest They've Been Since World War II
They're up 33% since 1999
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California looks to crack down on vaccine exemptions amid national measles outbreak
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Chinese medicine: The next step in cancer recovery?
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New Study Suggests A Way To Get Rid Of Cellulite Without Surgery Or Creams
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As trade war continues, are the US and Chinese economies heading for a messy divorce?This is the first of four stories examining important issues ahead of the meeting between Chinese President Xi Jinping and US President Donald Trump at the G20 leaders summit on June 28-29 in Osaka, Japan. Like many Americans who manufacture in China,…
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EMERGING MARKETS
Mexico becomes first country to ratify USMCA trade deal via Senate vote
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UN rights chief Bachelet heads to Venezuela for a three-day visit
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Trump is giving up on regime change in Venezuela because it's complicated and he got bored, report says
President Donald Trump speaks to reporters with National Security Adviser John Bolton looking on in the Oval Office at the White House in Washington, May 3, 2019. President Donald Trump is losing interest in Venezuela after a bid to oust President Nicolas Maduro by US backed opposition figures in April failed, according to the Washington Post. An official told the Post that Trump had always thought of Venezuela as "low-hanging fruit" on which he "could get a win and tout it as a major foreign
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Donald Trump 'Chewed Out' Staff for Failed Venezuela Coup: Report
June 20, 2019 President Donald Trump was angry at his staff over their failure to usher in a new leader in Venezuela to replace Nicolas Maduro as the country descended into chaos, it has been reported. With the economy collapsing, Trump backed opposition leader Juan Guaidó as Venezuela's legitimate president. At the time, the White House had been assured that key figures in the security forces and government were ready to switch their allegiance, The Washington Post reported. But five months
Read in Newsweek: https://apple.news/
A JPMorgan money manager explains how traders can profit from an unloved part of the global market, regardless of the trade war's outcome
Escalating trade tensions between the US and China have global markets on edge. Emerging-market investors could reap great returns by differentiating between the trade war's winners and losers, said Rashmi Gupta of JPMorgan Chase Bank. Gupta argues that savvy traders should be able to profit regardless of the trade war's outcome. Brazil, India, and a range of Asian countries are among those highlighted as possible winners. Read more on Markets Insider. Regardless of outcome, the trade war could
Read in Business Insider: https://apple.news/
Is South Africa edging out Turkey as the big EM short?
Move over Turkey and Argentina, emerging markets investors have another country to sweat over: South Africa.
Read in Reuters: https://apple.news/AmY_
Argentina's "Macrisis" continues despite its surging stock market
Argentina's economy is falling apart, further evidenced by its second straight quarter of negative GDP growth, but no one has bothered to tell its Merval stock index, which has risen almost 18% in June and 32% year to date.
Read in Axios: https://apple.news/
'Brink of war': World leaders push for Iran-US restraint
Russia accused the United States of deliberately stoking dangerous tensions with Iran and pushing the situation to "the brink of war". In comments carried by state-run RIA Novosti news agency on Friday, Deputy Foreign Minister Sergey Ryabkov called on Washington to weigh the possible consequences of conflict with Iran, warning rising tensions were extremely dangerous. Kremlin spokesman Dmitry Peskov on Friday also urged all sides to show restraint. The comments came after US media outlets
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Iran downs U.S. military drone amid rising tensions
Iran shot down a U.S. military drone, U.S. and Iranian officials said, the latest in an escalating series of incidents across the Middle East that have stoked fears of a wider military conflict.
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Trump prepares to bypass Congress to take on Iran
But the administration is looking to pressure the clerical regime, not fight it, a senior official said.
Read in POLITICO: https://apple.news/
UN Khashoggi report: Eight key takeaways
UN Khashoggi report: Eight key takeaways
Read in TRT World: https://apple.news/
In rebuff to Trump, Palestinian businesses call for freedom, not cash
Palestinian businessmen boycotting the Trump administration's Bahrain workshop designed to encourage investment in the territories say only a diplomatic path to statehood can end decades of conflict with Israel.
Read in Reuters: https://apple.news/
After years of war and drought, Iraq's bumper crop is burning
Iraqi farmer Riyadh woke on May 13 to find his wheat crop ablaze. In his fields in Diyala province, he found the remains of a mobile phone and plastic bottle which he believes was an explosive device detonated in the night to start the fire.
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Kuwait's KUFPEC eyes acquisitions as it boosts oil, gas output - CEO
Kuwait Foreign PetroleumExploration Co. (KUFPEC) is looking for strategic acquisitionsin the coming year and a half as it aims to boost its oil andgas production to 150,000 barrels of oil equivalent per day(boed) by 2020, the company's chief said.
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Africa: East Africa Stays At the Top, With Foreign Inflows At U.S.$4 Billion, Report Shows
East Africa remains a top destination for foreign direct investment, with new data for 2018 showing that the region attracted inflows of $4 billion. The latest World Investment Report 2019 by the United Nations Conference on Trade and Development shows that despite flat growth in FDI in the larger East Africa, which remained largely unchanged at $9 billion due to contractions in Ethiopia, the East African Community partner states recorded impressive growth. In Uganda, inflows reached a historic
Read in AllAfrica: https://apple.news/AcOECLlQ_
Africa: U.S.$4.2 Trillion Can Be Saved by Investing in More Resilient Infrastructure, New World Bank Report Finds
Washington, DC Investing in resilient infrastructure pays for itself four times over The net benefit on average of investing in more resilient infrastructure in low- and middle-income countries would be $4.2 trillion with $4 in benefit for each $1 invested, according to a new report from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR). The report, Lifelines: The Resilient Infrastructure Opportunity, lays out a framework for understanding infrastructure
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Zimbabwe: New Twist to Chief Bashing Saga, Chinese Business Owner Claims Chief Demanded U.S.$16k
The case of a traditional leader who claims assault by a Chinese national at a tiles manufacturer in Norton took a new twist Wednesday when the owner of the company made sensational claims the chief demanded US$16 000 from him. Chief Chivero, born Brown Shopo on Tuesday reported a case of assault against one Chao, a Chinese security aide at the premise. The incident allegedly happened at Sunny Yifeng Tiles whose premises the traditional leader had visited to solicit for jobs for his subjects.
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Zimbabwe: ZBC Needs 700 000 Euro to Screen Afcon19
Zimbabwe Broadcasting Corporation (ZBC) is battling to acquire broadcasting rights for the Africa Cup of Nations that kick off in Egypt tomorrow. This was said by ZBC chief executive Mr Patrick Mavhura this morning during a meeting with the Parliament's Portfolio Committee on Information, Media and Broadcasting Services. He said the Corporation needs 700 000 Euro to secure the rights. The national team, the Warriors kick off the first match against the hosts, Egypt tomorrow night. More to follow
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Zimbabwe: Private Sector Says Not Ready for African Continental Free Area
The private sector in Zimbabwe has admitted that local manufacturers are not yet ready to join the African Continental Free Trade Area (AFCFTA) due to serious economic challenges and policy inconsistencies obtaining back home. Speaking at the national forum on the AFCFTA Wednesday, former Confederation of Zimbabwe Industries (CZI) president, Sifelani Jabangwe said that the country's manufacturers had been sidelined in the processes and were facing a number of limitations to fully embrace the
Read in AllAfrica: https://apple.news/AV_
Reserve Bank of Zimbabwe disburses US$7M for wheat as bread shortages persist
The central bank has disbursed US$7 million for the procurement of 19 000 metric tonnes of wheat bonded in Beira, Mozambique in a move that could ease current bread shortages. This was revealed Wednesday by Grain Millers Association of Zimbabwe (GMAZ) chairman Tafadzwa Musarara. The 19 000 metric tonnes of wheat will cover the national...
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China's Xi Jinping arrives in North Korea for talks
Chinese President Xi Jinping arrived amid pomp and pageantry in North Korea on Thursday, the first time a Chinese leader has traveled to the Hermit Kingdom in 14 years. North Korean President Kim Jong Un and his wife, Ri Sol Ju, greeted Xi and other Chinese officials at the airport during an arrival ceremony that included a 21-gun salute and a military band, Chinese state media reported. Kim’s sister, Kim Yo Jong — who has been involved in negotiations with the United States on nuclear weapons —
Read in New York Post: https://apple.news/
The way Xi Jinping arrived in North Korea is a reminder of something that reportedly embarrasses Kim Jong Un
A composite image of Chinese President Xi Jinping disembarking from a plane in Manila, the Philippines, in November 2015; and North Korean leader Kim Jong Un leaving his train in Dong Dang, Vietnam, in February 2019. Chinese President Xi Jinping was welcomed like a hero when he arrived to North Korea for his first-ever state visit on Thursday. But the way he arrived - by plane - highlights an issue for Kim Jong Un, North Korea's leader. Kim famously only takes trains to travel abroad. The only
Read in Business Insider: https://apple.news/AyYbNs_
The people of Hong Kong need more than an end to the extradition bill – we want genuine democracy
On 4 June, a few days before 2 million people took to the streets against Hong Kong’s extradition law amendment, around 180,000 citizens attended a vigil in the city’s Victoria Park.
Read in The Independent: https://apple.news/
‘Even if you don’t think you have a relationship with China, China has a big relationship with you’
An oral history of China's foreign press training programs
Read in Columbia Journalism Review: https://apple.news/
Putin says US tariffs are designed to hold back China's rise
U.S. trade tariffs on China are aimed at holding back the country's economic rise, Russian President Vladimir Putin said Thursday.
Read in CNBC: https://apple.news/
Putin sides with China over U.S. on Huawei, as Russia's relations with Beijing grow warmer
Russia's relations with China have been blossoming in recent years, a trend that has alarmed some U.S. policymakers.
Read in NBC News: https://apple.news/
India to overtake China as most populous country with 1.4bn people by 2027
INDIA is set to overtake China as the most populated country in the world within the next decade, a report by the United Nations has revealed. China currently has the most people of any country at 1.43 billion, with India just behind on 1.37 billion. But between 2019 and 2050, China’s population is expected to...
Read in The Sun: https://apple.news/
EU nations aim high with plan to tax air travel
The Netherlands and France are trying to convince fellow European nations at a conference in The Hague to end tax exemptions on jet fuel and plane tickets, as part of a drive to make the EU carbon neutral by 2050.
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Italy's PM urges change to EU fiscal rules to focus on growth
Italian Prime MinisterGiuseppe Conte said on Thursday European Union's fiscal rulesshould be revised and focus on growth rather than on financialstability.
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Hungary debt agency bought back 2019/A bonds to ease liquidity squeeze
Hungary's debt agency boughtback some of outstanding 2019/A government bonds on Wednesday afew days before their expiry as an extraordinary measure to easea liquidity squeeze in the banking system, the debt agency AKKsaid on Thursday.
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When Boris Johnson Talks Brexit, MPs Hear What They Want to Hear
Boris Johnson is fighting his campaign to become U.K. prime minister largely behind closed doors, wooing as many 16 Conservative members of Parliament a day in a borrowed office. As supporters emerge from their private chats, each has a different account of what the front-runner says.
Read in Bloomberg: https://apple.news/
UK PM candidate Johnson extends lead in fourth round of leadership contest
Boris Johnson, the front-runnerin the race to become Britain's next prime minister, increasedhis support among lawmakers in the fourth round of theConservative Party leadership contest on Thursday.
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EU won't negotiate on Boris Johnson's Brexit plan, says Dutch PM
Mark Rutte says Tory frontrunner will have to abandon pledge to get rid of Irish backstop Boris Johnson as prime minister would have to dump his pledge to get rid of the Irish backstop and then change the British government’s red lines for there to be hope of further Brexit negotiations, the Dutch prime minister has said. Mark Rutte said an incoming prime minister needed to be flexible, adding that he hoped that the rhetoric of the Tory leadership campaign would be dropped once a new leader was
Read in the guardian: https://apple.news/
China-EU investment treaty talks ‘better than expected’ as Beijing woos US allies
Negotiations between China and Europe on reciprocal investment access went better than expected as Beijing stepped up efforts to woo allies of the United States affected by the China-US trade and tech disputes, diplomatic sources said. Beijing has tried…
Read in South China Morning Post: https://apple.news/
London markets flat despite Middle East friction
Oil majors rose on news that the U.S. had ordered and then withdrawn airstrikes on Iran
Read in MarketWatch: https://apple.news/
GLOBAL/NEWS/INFO
At 26 Years Old He Brought His First Company Public And Now Built A $550 Million Business
Serial entrepreneur Vishal Garg has been involved in some very notable US and international startups that have aimed to disrupt large financial industries. Today, he is a veteran who knows how to raise money, scale large businesses and get the largest financial institutions behind him.
Read in Forbes: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: US prepped for strikes on Iran before approval was withdrawn; Global carriers to avoid Strait of Hormuz; Biden's South Carolina trip to test whether campaign stumbles matter
Read in ABC News: https://apple.news/
OIL/COMMODITIES/ENERGY
Gold Jumps as Fed Keeps Door Open for Rate Cut
Commodities Jun 20, 2019 04:44 GMT Investing.com - Gold prices jumped on Thursday in Asia after the U.S. Federal Reserve kept the door open for an interest rate cut later this year. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 2.6% at $1,383.50 per ounce by 12:45 AM ET (04:45 GMT). In its latest policy meeting, the Fed kept its benchmark rate unchanged in a range of 2.25% to 2.5% as expected. However, it also signalled it was
Read in Investing.com: https://apple.news/AkUDfs_
Stocks, Gold, Oil Prices Rally; S&P 500 Index Nails New High
Microsoft and Oracle ran hot early Thursday as rallying stock futues, oil prices and overseas markets helped drive the S&P 500 index toward a new high.
Read in Investor's Business Daily: https://apple.news/
Oil Prices Trade Higher on Crude Inventories Data
Commodities Jun 20, 2019 05:14 GMT Investing.com - Oil prices traded higher on Thursday in Asia after official government data showed a larger-than-expected fall in U.S. crude inventories. U.S. Crude Oil WTI Futures gained 1.4% to $54.72 by 1:14 AM ET (05:14 GMT). International Brent Oil Futures traded 1.3% higher to $62.64. The Energy Information Administration said in its regular weekly report that crude oil inventories decreased by 3.11 million barrels in the week to June 14. That was
Read in Investing.com: https://apple.news/
BANKS/BANKING/CREDIT
Here's When To Use a Personal Loan Rather Than a Credit Card
Credit cards aren't always the best choice.
Read in Inc.: https://apple.news/ABqB_L2W-
An under-the-radar credit card benefit might not be as exciting or glamorous as points or miles, but in a pinch it's just as useful
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. Many credit cards offer purchase protections that insure your new purchases against damage or theft within a short period after purchase. Some cards offer an extended manufacturer's warranty, where your product is guaranteed beyond the protection offered by the manufacturer or retailer. Credit card protections
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The 6 best credit cards of 2019
The best credit cards can help you save money on big purchases, help make traveling easier, or get your business off the ground.
Read in USA TODAY: https://apple.news/
Venmo Dabbles in Rewards by Offering Cash Back With Debit Card
Last year, Venmo, a popular peer-to-peer payment app launched its first debit card. This was great news for users who often pick-up bills or manage apartment finances as it allowed them to spend the money as soon as it hit their Venmo balance. Prior to the debit card, users would have to wait 2-3 days...
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Credit Card Review: Marriott Bonvoy Bold
Marriott just added a no-fee card option, but is it worth the Chase 5/24 slot?
Read in The Points Guy: https://apple.news/AlDO_
TREASURIES/BONDS/STOCKS
Stocks to Test Record as Bonds Rise, Dollar Slumps: Markets Wrap
Get caught up on what’s moving markets right now.
Read in Bloomberg: https://apple.news/
10-year U.S. government bond yield dips below 2%
Treasury yields fall Thursday in the wake of a Federal Reserve meeting that indicated the possibility of easier monetary policy taking root for the rest of the year.
Read in MarketWatch: https://apple.news/
As the S&P 500 bumps up against 3,000, Wells Fargo says cash in on gains
Our call of the day, from Tracie McMillion, head of global asset allocation strategy for Wells Fargo Investment Institute, isn’t expecting the S&P 500 has much more to give this year. She’s urging her clients to pare back if they start shooting higher.
Read in MarketWatch: https://apple.news/
Reaching For Records: Major Indices Near All-Time Highs After Fed Hints At Easing
Stocks are getting close to their all-time highs today as investors ponder the implications of a possible Fed rate cut next month. Meanwhile, two overseas central banks left rates unchanged, and Slack has its direct listing today.
Read in Forbes: https://apple.news/
Top 5 Things to Know in the Market on Friday
Investing.com - Here are the top five things you need to know in financial markets on Friday, June 21
What to watch in the markets today
Top news and what to watch in the markets on Friday, June 21, 2019.
Read in Yahoo Finance: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
This father of three put everything into bitcoin. Here’s what happened next.
The Bitcoin Family are traveling the world, unencumbered by centralized currency.
Read in Vox: https://apple.news/ArhCfn8rbS_
LINE's Crypto Exchange Could Win Japan License This Month, Report Says
Japanese messaging giant LINE may soon be able to open a cryptocurrency exchange for its 80 million users based in the country.
Read in CoinDesk: https://apple.news/
Facebook's cryptocurrency faced with regulatory warnings from central bankers
Central bankers around the world say Facebook should expect regulatory questions over its new cryptocurrency.
Read in CNBC: https://apple.news/A7-
Libra: Not A Currency Board And (Maybe) Not A Stable Currency
The stability of Libra, the cryptocurrency backed by Facebook, is guaranteed by the intrinsic value of the coin, a result of the assets that back the value of the currency.In the absence of a proper fixed exchange rate and a credible mechanism to maintain it, Libra looks more like a standard flexible exchange rate currency.The cryptocurrency’s stability will depend on its credibility.
Read in Seeking Alpha: https://apple.news/
Token, an Open Banking Platform, Raises $16.5M in Funding
Investors in Token include Opera Tech Ventures, the venture arm of BNP Paribas, Octopus Ventures, and EQT Ventures.
Read in CoinDesk: https://apple.news/AD1g3-
CURRENCIES
Forex - Dollar Falls to 3-Month Lows on Dovish Sounding Fed
Forex Jun 20, 2019 07:47 GMT Investing.com - The U.S. dollar slid to its lowest level in three months against a currency basket on Thursday after the Federal Reserve indicated that it is prepared to cut interest rates to combat low inflation and slowing growth. The U.S. central bank left borrowing costs unchanged on Wednesday, but suggested it could ease monetary policy as early as next month amid mounting concerns over the economic impact of global trade tensions and subdued inflation. The Fed
Read in Investing.com: https://apple.news/
Forex Jun 20, 2019 07:47 GMT Investing.com - The U.S. dollar slid to its lowest level in three months against a currency basket on Thursday after the Federal Reserve indicated that it is prepared to cut interest rates to combat low inflation and slowing growth. The U.S. central bank left borrowing costs unchanged on Wednesday, but suggested it could ease monetary policy as early as next month amid mounting concerns over the economic impact of global trade tensions and subdued inflation. The Fed
Read in Investing.com: https://apple.news/
Dollar stays pressured on Dovish Fed, more reviews | Action Forex
Dollar remains the weakest one in Asian session today and selloff is picking up against Yen and Canadian Dollar. Nevertheless, there is no clear follow through decline against others so far. Technically, USD/JPY has resumed recent fall from 112.40 and is on track for 104.69 support. USD/CAD’s break of 1.3239 also resumes decline from 1.3564. […] The post Dollar stays pressured on Dovish Fed, more reviews appeared first on Action Forex.
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Fed Confirms Rate Cuts Loom, Dollar Crumbles | Action Forex
Fed was remarkably dovish, sending the dollar lower BoE meets today; sterling may gain a little on reaffirmation of tightening bias Loonie flies as BoC may be the sole ‘island of neutrality’ Dollar tanks, gold soars as Fed signals incoming cuts The Fed kept rates unchanged yesterday, but the meeting wasn’t short of excitement as […] The post Fed Confirms Rate Cuts Loom, Dollar Crumbles appeared first on Action Forex.
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USD/CAD Tumbles Below 1.3300 Post Fed Policy | Action Forex
Key Highlights The US Dollar failed to surpass the 1.3430-1.3440 resistance zone against the Canadian Dollar. USD/CAD traded below a major bullish trend line with support at 1.3390 on the 4-hours chart. Canada’s Consumer Price Index (CPI) increased 0.4% (MoM), more than the +0.2% forecast. The US Initial Jobless Claims for the week ending June […] The post USD/CAD Tumbles Below 1.3300 Post Fed Policy appeared first on Action Forex.
Read in Action Forex: https://apple.news/AHlS_
Investors use currency accounts to swap sterling ahead of Brexit dates
Britons who regularly send money abroad and those working in the City are increasingly choosing to put a portion of their money into euros whenever a crunch Brexit moment approaches.
Read in Daily Mail: https://apple.news/AamxCzqXqS_
Sterling slips as Bank of England cuts second-quarter growth to zero
The Bank of England held interest rates steady on Thursday while cutting its Q2 growth forecast for Britain's economy to zero.
Read in CNBC: https://apple.news/
Sri Lanka stocks hit over 1-week low on profit taking; rupee slips
Sri Lankan shares hit a morethan one-week low on Thursday due to profit taking and continuedforeign fund outflows from the island nation's risky assets,while the rupee ended weaker on dollar demand from importers.** The benchmark stock index ended 0.37% weaker at5,372.37, its lowest closing level since June 11, after endingat a nearly seven-week high on Wednesday. The bourse rose 1.61%last week, but has dropped 11.24% so far this year.** Sri Lanka's economy picked up to 3.7% in first quarter
Read in Reuters: https://apple.news/
Jim O'Neill: China could globalize the yuan to challenge the dollar's dominance
Former Chairman of Goldman Sachs Asset Management, Jim O'Neill, said China could use its currency to gain an edge over the U.S. — but not by devaluing the yuan.
Read in CNBC: https://apple.news/
HEALTH / SCIENCE
U.S. Suicide Rates Are the Highest They've Been Since World War II
They're up 33% since 1999
Read in TIME: https://apple.news/
California looks to crack down on vaccine exemptions amid national measles outbreak
Amid a national measles outbreak, California lawmakers are weighing new legislation aimed at cracking down on vaccination exemptions.
Read in USA TODAY: https://apple.news/
Chinese medicine: The next step in cancer recovery?
Traditional herbal and modern medical practitioners are combining forces in the cultural melting pot of Hong Kong to boost the effectiveness of a range of modern day treatments, including cancer recovery.
Read in CNN: https://apple.news/
New Study Suggests A Way To Get Rid Of Cellulite Without Surgery Or Creams
The search for a true cure for cellulite never seems to end, but according toa new study, there may be a way to treat it without taking drastic measures orspending a ton of money on creams.The study, published in the medical journal Cogent Medicine, lookedspecifically at the effects of fascia manipulation on cellulite in adultwomen. Fascial manipulation is a type of manual massage treatment typicallyemployed for pain relief, according to Northern Edge Physical Therapy. In thestudy, the subjects
Read in HuffPost: https://apple.news/
How to get good sleep during long summer days
Friday is the Summer Solstice, the day we get more sunlight than any other day of the year. But all that light can throw off your circadian rhythm, which controls sleep patterns. Dr. Tara Narula joins "CBS This Morning" to discuss the best ways to make sure you're getting enough sleep each night.
Read in CBS News: https://apple.news/
Why taking the stairs now could give you a better life when you reach old age
Health has more to do with your retirement planning than you may think.
Read in MarketWatch: https://apple.news/
Study: 1 out of 6 hospital trips result in "surprise" medical bills
A report by the Kaiser Family Foundation finds that millions with solid coverage from large employers are exposed to "out-of-network" charges that can amount to thousands
Read in CBS News: https://apple.news/
USA / CANADA
Trump approves strikes on Iran, but then abruptly pulls back
Military and diplomatic officials still expected a strike as of 7 p.m. Thursday in retaliation for Iran shooting down an unmanned American drone.
Read in The New York Times: https://apple.news/
Military and diplomatic officials still expected a strike as of 7 p.m. Thursday in retaliation for Iran shooting down an unmanned American drone.
Read in The New York Times: https://apple.news/
The Fed is facing pressure from all sides to lower interest rates
Fed Chair Jerome Powell made clear at the Fed's June policy meeting that the U.S. central bank is ready to cut interest rates — just not yet.
Read in Axios: https://apple.news/AQCDIt_
Goldman changes tune on Fed, sees 2 rate cuts
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.
Read in CNBC: https://apple.news/A1M_
As trade war continues, are the US and Chinese economies heading for a messy divorce?This is the first of four stories examining important issues ahead of the meeting between Chinese President Xi Jinping and US President Donald Trump at the G20 leaders summit on June 28-29 in Osaka, Japan. Like many Americans who manufacture in China,…
Read in South China Morning Post: https://apple.news/
California gas tax goes up July 1, but leaders say road repairs need even more moneyCalifornia is poised to charge the highest taxes and fees on gas in the country when an increase kicks in July 1, but officials say the state is
Read in Los Angeles Times: https://apple.news/Adf-
EMERGING MARKETS
Mexico's Pemex says new refinery environmentally viable despite risks
By David Alire Garcia MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador's push to build a new oil refinery involves high risks of flooding and other environmental issues, according to government documents published late on Tuesday, but is described as otherwise viable. The documents cover environmental impacts declared by state energy company Pemex and were made public by the oil industry environmental regulator known as ASEA. They conclude that while the development of the
Read in Business Insider: https://apple.news/
By David Alire Garcia MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador's push to build a new oil refinery involves high risks of flooding and other environmental issues, according to government documents published late on Tuesday, but is described as otherwise viable. The documents cover environmental impacts declared by state energy company Pemex and were made public by the oil industry environmental regulator known as ASEA. They conclude that while the development of the
Read in Business Insider: https://apple.news/
Mexico becomes first country to ratify USMCA trade deal via Senate vote
Mexico on Wednesday became the first country to ratify the United States-Mexico-Canada Agreement (USMCA) agreed late last year to replace the North American Free Trade Agreement (NAFTA) at the behest of U.S. President Donald Trump.
Read in Reuters: https://apple.news/
UN rights chief Bachelet heads to Venezuela for a three-day visit
UN human rights chief Michelle Bachelet is set to arrive in Venezuela on Wednesday for a three-day visit where she is expected to hold separate talks with both President Nicolas Maduro and opposition leader Juan Guaido. She is also expected to speak to civil society leaders and "victims of human rights violence and abuses", the UN rights office said. Her visit, at the invitation of the government, comes in advance of a UN Human Rights Council three-week session. The trip also comes as a critical
Read in Aljazeera: https://apple.news/
Trump is giving up on regime change in Venezuela because it's complicated and he got bored, report says
President Donald Trump speaks to reporters with National Security Adviser John Bolton looking on in the Oval Office at the White House in Washington, May 3, 2019. President Donald Trump is losing interest in Venezuela after a bid to oust President Nicolas Maduro by US backed opposition figures in April failed, according to the Washington Post. An official told the Post that Trump had always thought of Venezuela as "low-hanging fruit" on which he "could get a win and tout it as a major foreign
Read in Business Insider: https://apple.news/
Donald Trump 'Chewed Out' Staff for Failed Venezuela Coup: Report
June 20, 2019 President Donald Trump was angry at his staff over their failure to usher in a new leader in Venezuela to replace Nicolas Maduro as the country descended into chaos, it has been reported. With the economy collapsing, Trump backed opposition leader Juan Guaidó as Venezuela's legitimate president. At the time, the White House had been assured that key figures in the security forces and government were ready to switch their allegiance, The Washington Post reported. But five months
Read in Newsweek: https://apple.news/
A JPMorgan money manager explains how traders can profit from an unloved part of the global market, regardless of the trade war's outcome
Escalating trade tensions between the US and China have global markets on edge. Emerging-market investors could reap great returns by differentiating between the trade war's winners and losers, said Rashmi Gupta of JPMorgan Chase Bank. Gupta argues that savvy traders should be able to profit regardless of the trade war's outcome. Brazil, India, and a range of Asian countries are among those highlighted as possible winners. Read more on Markets Insider. Regardless of outcome, the trade war could
Read in Business Insider: https://apple.news/
Is South Africa edging out Turkey as the big EM short?
Move over Turkey and Argentina, emerging markets investors have another country to sweat over: South Africa.
Read in Reuters: https://apple.news/AmY_
Argentina's "Macrisis" continues despite its surging stock market
Argentina's economy is falling apart, further evidenced by its second straight quarter of negative GDP growth, but no one has bothered to tell its Merval stock index, which has risen almost 18% in June and 32% year to date.
Read in Axios: https://apple.news/
MIDDLE EAST
'Brink of war': World leaders push for Iran-US restraint
Russia accused the United States of deliberately stoking dangerous tensions with Iran and pushing the situation to "the brink of war". In comments carried by state-run RIA Novosti news agency on Friday, Deputy Foreign Minister Sergey Ryabkov called on Washington to weigh the possible consequences of conflict with Iran, warning rising tensions were extremely dangerous. Kremlin spokesman Dmitry Peskov on Friday also urged all sides to show restraint. The comments came after US media outlets
Read in Aljazeera: https://apple.news/
Iran downs U.S. military drone amid rising tensions
Iran shot down a U.S. military drone, U.S. and Iranian officials said, the latest in an escalating series of incidents across the Middle East that have stoked fears of a wider military conflict.
Read in The Wall Street Journal: https://apple.news/
Trump prepares to bypass Congress to take on Iran
But the administration is looking to pressure the clerical regime, not fight it, a senior official said.
Read in POLITICO: https://apple.news/
UN Khashoggi report: Eight key takeaways
UN Khashoggi report: Eight key takeaways
Read in TRT World: https://apple.news/
In rebuff to Trump, Palestinian businesses call for freedom, not cash
Palestinian businessmen boycotting the Trump administration's Bahrain workshop designed to encourage investment in the territories say only a diplomatic path to statehood can end decades of conflict with Israel.
Read in Reuters: https://apple.news/
CBI Announcement just came out Thank you dcJune 20, 2019(Press release) Launch of electronic platform for financial transactions between banks operating in Iraq
The Central Bank initiated the launching of the electronic platform for trading.
June 20, 2019(Press release) Launch of electronic platform for financial transactions between banks operating in Iraq
The Central Bank launched the electronic platform for trading between banks operating in Iraq Interbank Market (FX, Money Market)A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq.
The platform aims to increase cooperation between banks and increase their ability to diversify the financial services of their customers and attract the commercial and financial operations available in the market.Within the framework of these measures, the Central Bank sponsored a technical workshop between one of the leading international companies in the areas of financial solutions and a number of banks operating in Iraq with the support of the Association of Iraqi private banks.Central Bank of Iraq information Office
20 June 2019
After years of war and drought, Iraq's bumper crop is burning
Iraqi farmer Riyadh woke on May 13 to find his wheat crop ablaze. In his fields in Diyala province, he found the remains of a mobile phone and plastic bottle which he believes was an explosive device detonated in the night to start the fire.
Read in Reuters: https://apple.news/
Kuwait's KUFPEC eyes acquisitions as it boosts oil, gas output - CEO
Kuwait Foreign PetroleumExploration Co. (KUFPEC) is looking for strategic acquisitionsin the coming year and a half as it aims to boost its oil andgas production to 150,000 barrels of oil equivalent per day(boed) by 2020, the company's chief said.
Read in Reuters: https://apple.news/
AFRICA
Africa: East Africa Stays At the Top, With Foreign Inflows At U.S.$4 Billion, Report Shows
East Africa remains a top destination for foreign direct investment, with new data for 2018 showing that the region attracted inflows of $4 billion. The latest World Investment Report 2019 by the United Nations Conference on Trade and Development shows that despite flat growth in FDI in the larger East Africa, which remained largely unchanged at $9 billion due to contractions in Ethiopia, the East African Community partner states recorded impressive growth. In Uganda, inflows reached a historic
Read in AllAfrica: https://apple.news/AcOECLlQ_
Africa: U.S.$4.2 Trillion Can Be Saved by Investing in More Resilient Infrastructure, New World Bank Report Finds
Washington, DC Investing in resilient infrastructure pays for itself four times over The net benefit on average of investing in more resilient infrastructure in low- and middle-income countries would be $4.2 trillion with $4 in benefit for each $1 invested, according to a new report from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR). The report, Lifelines: The Resilient Infrastructure Opportunity, lays out a framework for understanding infrastructure
Read in AllAfrica: https://apple.news/A-
Zimbabwe: New Twist to Chief Bashing Saga, Chinese Business Owner Claims Chief Demanded U.S.$16k
The case of a traditional leader who claims assault by a Chinese national at a tiles manufacturer in Norton took a new twist Wednesday when the owner of the company made sensational claims the chief demanded US$16 000 from him. Chief Chivero, born Brown Shopo on Tuesday reported a case of assault against one Chao, a Chinese security aide at the premise. The incident allegedly happened at Sunny Yifeng Tiles whose premises the traditional leader had visited to solicit for jobs for his subjects.
Read in AllAfrica: https://apple.news/
Zimbabwe: ZBC Needs 700 000 Euro to Screen Afcon19
Zimbabwe Broadcasting Corporation (ZBC) is battling to acquire broadcasting rights for the Africa Cup of Nations that kick off in Egypt tomorrow. This was said by ZBC chief executive Mr Patrick Mavhura this morning during a meeting with the Parliament's Portfolio Committee on Information, Media and Broadcasting Services. He said the Corporation needs 700 000 Euro to secure the rights. The national team, the Warriors kick off the first match against the hosts, Egypt tomorrow night. More to follow
Read in AllAfrica: https://apple.news/A7CNT_
Zimbabwe: Private Sector Says Not Ready for African Continental Free Area
The private sector in Zimbabwe has admitted that local manufacturers are not yet ready to join the African Continental Free Trade Area (AFCFTA) due to serious economic challenges and policy inconsistencies obtaining back home. Speaking at the national forum on the AFCFTA Wednesday, former Confederation of Zimbabwe Industries (CZI) president, Sifelani Jabangwe said that the country's manufacturers had been sidelined in the processes and were facing a number of limitations to fully embrace the
Read in AllAfrica: https://apple.news/AV_
Reserve Bank of Zimbabwe disburses US$7M for wheat as bread shortages persist
The central bank has disbursed US$7 million for the procurement of 19 000 metric tonnes of wheat bonded in Beira, Mozambique in a move that could ease current bread shortages. This was revealed Wednesday by Grain Millers Association of Zimbabwe (GMAZ) chairman Tafadzwa Musarara. The 19 000 metric tonnes of wheat will cover the national...
Read in FurtherAfrica: https://apple.news/
ASIA
China's Xi Jinping arrives in North Korea for talks
Chinese President Xi Jinping arrived amid pomp and pageantry in North Korea on Thursday, the first time a Chinese leader has traveled to the Hermit Kingdom in 14 years. North Korean President Kim Jong Un and his wife, Ri Sol Ju, greeted Xi and other Chinese officials at the airport during an arrival ceremony that included a 21-gun salute and a military band, Chinese state media reported. Kim’s sister, Kim Yo Jong — who has been involved in negotiations with the United States on nuclear weapons —
Read in New York Post: https://apple.news/
The way Xi Jinping arrived in North Korea is a reminder of something that reportedly embarrasses Kim Jong Un
A composite image of Chinese President Xi Jinping disembarking from a plane in Manila, the Philippines, in November 2015; and North Korean leader Kim Jong Un leaving his train in Dong Dang, Vietnam, in February 2019. Chinese President Xi Jinping was welcomed like a hero when he arrived to North Korea for his first-ever state visit on Thursday. But the way he arrived - by plane - highlights an issue for Kim Jong Un, North Korea's leader. Kim famously only takes trains to travel abroad. The only
Read in Business Insider: https://apple.news/AyYbNs_
The people of Hong Kong need more than an end to the extradition bill – we want genuine democracy
On 4 June, a few days before 2 million people took to the streets against Hong Kong’s extradition law amendment, around 180,000 citizens attended a vigil in the city’s Victoria Park.
Read in The Independent: https://apple.news/
‘Even if you don’t think you have a relationship with China, China has a big relationship with you’
An oral history of China's foreign press training programs
Read in Columbia Journalism Review: https://apple.news/
Putin says US tariffs are designed to hold back China's rise
U.S. trade tariffs on China are aimed at holding back the country's economic rise, Russian President Vladimir Putin said Thursday.
Read in CNBC: https://apple.news/
Putin sides with China over U.S. on Huawei, as Russia's relations with Beijing grow warmer
Russia's relations with China have been blossoming in recent years, a trend that has alarmed some U.S. policymakers.
Read in NBC News: https://apple.news/
India to overtake China as most populous country with 1.4bn people by 2027
INDIA is set to overtake China as the most populated country in the world within the next decade, a report by the United Nations has revealed. China currently has the most people of any country at 1.43 billion, with India just behind on 1.37 billion. But between 2019 and 2050, China’s population is expected to...
Read in The Sun: https://apple.news/
EUROPE
EU nations aim high with plan to tax air travel
The Netherlands and France are trying to convince fellow European nations at a conference in The Hague to end tax exemptions on jet fuel and plane tickets, as part of a drive to make the EU carbon neutral by 2050.
Read in Reuters: https://apple.news/A_
Italy's PM urges change to EU fiscal rules to focus on growth
Italian Prime MinisterGiuseppe Conte said on Thursday European Union's fiscal rulesshould be revised and focus on growth rather than on financialstability.
Read in Reuters: https://apple.news/
Hungary debt agency bought back 2019/A bonds to ease liquidity squeeze
Hungary's debt agency boughtback some of outstanding 2019/A government bonds on Wednesday afew days before their expiry as an extraordinary measure to easea liquidity squeeze in the banking system, the debt agency AKKsaid on Thursday.
Read in Reuters: https://apple.news/
When Boris Johnson Talks Brexit, MPs Hear What They Want to Hear
Boris Johnson is fighting his campaign to become U.K. prime minister largely behind closed doors, wooing as many 16 Conservative members of Parliament a day in a borrowed office. As supporters emerge from their private chats, each has a different account of what the front-runner says.
Read in Bloomberg: https://apple.news/
UK PM candidate Johnson extends lead in fourth round of leadership contest
Boris Johnson, the front-runnerin the race to become Britain's next prime minister, increasedhis support among lawmakers in the fourth round of theConservative Party leadership contest on Thursday.
Read in Reuters: https://apple.news/
EU won't negotiate on Boris Johnson's Brexit plan, says Dutch PM
Mark Rutte says Tory frontrunner will have to abandon pledge to get rid of Irish backstop Boris Johnson as prime minister would have to dump his pledge to get rid of the Irish backstop and then change the British government’s red lines for there to be hope of further Brexit negotiations, the Dutch prime minister has said. Mark Rutte said an incoming prime minister needed to be flexible, adding that he hoped that the rhetoric of the Tory leadership campaign would be dropped once a new leader was
Read in the guardian: https://apple.news/
China-EU investment treaty talks ‘better than expected’ as Beijing woos US allies
Negotiations between China and Europe on reciprocal investment access went better than expected as Beijing stepped up efforts to woo allies of the United States affected by the China-US trade and tech disputes, diplomatic sources said. Beijing has tried…
Read in South China Morning Post: https://apple.news/
London markets flat despite Middle East friction
Oil majors rose on news that the U.S. had ordered and then withdrawn airstrikes on Iran
Read in MarketWatch: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI Closed on Friday and Saturday
The currency auction is
There are no news and announcements.
The ISX Closed on Friday and Saturday
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
6-21-2019 Newshound Guru G-Lin Article: "Parliament votes Saturday to complete the cabin and terminate the agency positions" Quote: "The House of Representatives, next Saturday, its regular session. The agenda includes the completion of the vote on the cabinet and special grades and the end of the file of the state administration by proxy." This is huge if accurate.
6-21-2019 Intel Guru Delta Article: "Saturday's agenda includes cabinet vote and special ratings" IN THE AGENDA...IN PRINT...PARLIAMENT WILL VOTES SAT TO COMPLETE THE CABIN [CABINET]...IT WILL START AT 11AM IRAQI TIME...
6-21-2019 Intel Guru MarkZ ...this is going to be a magical 3 day weekend...All my guys say they are staging everything this weekend for a go on Monday...[What are your opinions on rates.] I am hearing 2.20-2.25 for dong...Based on what Im hearing...the street rate for dinar should around 3.92 - $3.96 with a rate in the US maybe $4 - $6 for dinar...this is my opinion. [post 2 of 2]
6-21-2019 Intel Guru MarkZ I really feel this is the last broke weekend for us all. I feel this one is it...no excuses…no delays…just hearing only positive news today. ...We feel that 800 numbers are fair game anytime this weekend. Expecting a lot of things will be happening on Sunday. I am hearing we will be at the banks after 2pm Monday... [post 1 of 2....stay tuned]
6-21-2019 Newshound/Intel Guru Mnt Goat ...So the banks now are taking these large three zero notes and buying the smaller category notes. Are they also buying the coins. Yes, I believe the CBI is now issuing also the coins but not in massive distribution as of yet. The banks are buying them and they do plan to use them very soon. ...I got to tell you Iraq is planning some HUGE change in their currency in the near future. ...I still think that new CBI target is now the end of June when the supplemental budget and the rest of the govt will be formed... [post 2 of 2]
6-21-2019 Newshound/Intel Guru Mnt Goat Article: "CBI MEETS IT’S CURRENCY GOALS FOR PROJECT TO DELETE THE ZEROS" Quote: "The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which the bank considered it would transfer Iraq from the country of trillions to billions..." This...is the connection and proof that the reduction of dinars down to 39 trillion is the effort of the project to delete the zeros. ...They tried many aspects to get the larger 3 zero notes off the streets. ...It was not until they introduced the electronic banking and Key cards the this finally became a reality. ...This has got to be the tenth time already they told us this in articles. [post 1 of 2....stay tuned]
6-21-2019 Intel Guru Bruce I think we have a good shot getting started on Saturday... I am trying not to call it, but I am giving you the information, pretty much, as I received it, and I feel like we are in really good position right now to get everything started from our point of view. I know our security is at the ultimate highest point it ever been. So, we are set from that point of view. Now, I think guys, we have gone as far as we can go without the toll-free numbers. I think we are going to get them very soon...and I think we are going to get started over the weekend. We will see how that goes...I am excited for us about to get started... [post 2 of 2]
6-21-2019 Intel Guru Bruce [via PinkRoses] I am very excited...we have had a couple of false starts over the last two weeks...Let’s just go to what is going on... First...there was a conference call, a large meeting with everybody you can imagine in the banking business...All the major banks AIIB, Wells Fargo, Chase, all the top banks, and some of the other government agencies...a global call...We had a couple of signatures that we were looking for today. We got one of them. The last one we think we were looking for should be attained by the end of that meeting. ...The Bank of International Settlements is being reworked. That is very positive for us...The IMF is not really involved anymore... [post 1 of 2....stay tuned]
6-21-2019 Intel Guru Delta Article: "Saturday's agenda includes cabinet vote and special ratings" IN THE AGENDA...IN PRINT...PARLIAMENT WILL VOTES SAT TO COMPLETE THE CABIN [CABINET]...IT WILL START AT 11AM IRAQI TIME...
6-21-2019 Intel Guru MarkZ ...this is going to be a magical 3 day weekend...All my guys say they are staging everything this weekend for a go on Monday...[What are your opinions on rates.] I am hearing 2.20-2.25 for dong...Based on what Im hearing...the street rate for dinar should around 3.92 - $3.96 with a rate in the US maybe $4 - $6 for dinar...this is my opinion. [post 2 of 2]
6-21-2019 Intel Guru MarkZ I really feel this is the last broke weekend for us all. I feel this one is it...no excuses…no delays…just hearing only positive news today. ...We feel that 800 numbers are fair game anytime this weekend. Expecting a lot of things will be happening on Sunday. I am hearing we will be at the banks after 2pm Monday... [post 1 of 2....stay tuned]
6-21-2019 Newshound/Intel Guru Mnt Goat ...So the banks now are taking these large three zero notes and buying the smaller category notes. Are they also buying the coins. Yes, I believe the CBI is now issuing also the coins but not in massive distribution as of yet. The banks are buying them and they do plan to use them very soon. ...I got to tell you Iraq is planning some HUGE change in their currency in the near future. ...I still think that new CBI target is now the end of June when the supplemental budget and the rest of the govt will be formed... [post 2 of 2]
6-21-2019 Newshound/Intel Guru Mnt Goat Article: "CBI MEETS IT’S CURRENCY GOALS FOR PROJECT TO DELETE THE ZEROS" Quote: "The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which the bank considered it would transfer Iraq from the country of trillions to billions..." This...is the connection and proof that the reduction of dinars down to 39 trillion is the effort of the project to delete the zeros. ...They tried many aspects to get the larger 3 zero notes off the streets. ...It was not until they introduced the electronic banking and Key cards the this finally became a reality. ...This has got to be the tenth time already they told us this in articles. [post 1 of 2....stay tuned]
6-21-2019 Intel Guru Bruce I think we have a good shot getting started on Saturday... I am trying not to call it, but I am giving you the information, pretty much, as I received it, and I feel like we are in really good position right now to get everything started from our point of view. I know our security is at the ultimate highest point it ever been. So, we are set from that point of view. Now, I think guys, we have gone as far as we can go without the toll-free numbers. I think we are going to get them very soon...and I think we are going to get started over the weekend. We will see how that goes...I am excited for us about to get started... [post 2 of 2]
6-21-2019 Intel Guru Bruce [via PinkRoses] I am very excited...we have had a couple of false starts over the last two weeks...Let’s just go to what is going on... First...there was a conference call, a large meeting with everybody you can imagine in the banking business...All the major banks AIIB, Wells Fargo, Chase, all the top banks, and some of the other government agencies...a global call...We had a couple of signatures that we were looking for today. We got one of them. The last one we think we were looking for should be attained by the end of that meeting. ...The Bank of International Settlements is being reworked. That is very positive for us...The IMF is not really involved anymore... [post 1 of 2....stay tuned]
6-21-2019 Intel Guru MarkZ [Capital gains tax? Will that be a factor on new purchases of currency?] I am still hearing from a number of sources that this exchange will not be taxed...but be sure to check with professionals.
6-20-2019 Intel Guru Eagleone2025 ...WE HOPE THE RV WILL GO DOWN BY THE END OF THIS MONTH...WE ARE GETTING CLOSE ON THIS RV...HIGH ALERT FOR RV... IT IS ALL COMING TOGETHER SO WE WAIT AND WATCH...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
*************
ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.
*************
ARTICLE 3
Disclosure of the names of candidates of the four ministries and exclude the provision of two
2019/6/21 17:18
[Baghdad-where]
Revealed an informed source, the names of candidates for the four ministries vacant in the government cab [Interior, defense, justice and education].
The source said in a press statement that "differences are still ongoing between the political blocs on the candidates of the interior and defense is unlikely to pass them in parliament session on Saturday."
"Saturday's session may witness changes and does not discuss the Ministries of Interior and Defense because the alliance of Sawson adhere to the candidate [Abdul Ghani al-Asadi] [commander of the former anti-terrorism forces] and rejected by the Fatah alliance that he has indications of it."
The source pointed out that "the candidates of defense are [Salah Hariri and Najah al-Shammari] and the first position is better, but it is unlikely to vote on the ministries."
He pointed out that "the House of Representatives may discuss the nomination of [Safana al-Tai] Ministry of Education [Rizkar Mohammed] to the Ministry of Justice."
The House of Representatives, has been included completion of the cabinet cab and the termination of the proxy positions at the top of its agenda in its meeting scheduled for Saturday.
It is noteworthy that Prime Minister Adel Abdul-Mahdi, gave Tuesday the political blocs a week to resolve their differences in the names of candidates for the cabinet.
*************
ARTICLE 4
Foreign Minister discusses with Omani counterpart relations between Baghdad and Muscat
2019/6/21 22:50
[Baghdad-where]
Foreign Minister Mohammed Ali Al-Hakim arrived in Oman on Saturday and met with his counterpart Yousuf Bin Alawi. They discussed the importance of developing relations between the two brotherly countries and upgrading them to meet the aspirations of the two peoples.
"This visit comes to sustain the momentum of communication and consultation on the latest developments in the region to ensure the security and interests of the two countries, and strengthen the speech of moderation and moderation," a foreign ministry statement said.
For his part, the Omani minister expressed appreciation for the role of Iraq in the region and his happiness for the development and progress of the relationship between them to serve the interests of the peoples of the two brotherly countries and the efforts exerted to resolve the crises in the region.
*************
ARTICLE 5
Angry demonstrations in Maysan and cutting roads
2019/6/21 22:40
[Baghdad-where]
Popular demonstrations in Maysan province erupted Friday evening.
The demonstrators demanded the provision of services and jobs and the solution of the electricity crisis.
The roads were cut amid the spread of security forces and riot control.
The capital Baghdad and the provinces of Basra, Karbala, Wasit and Muthanna similar demonstrations.
*************
ARTICLE 6
Rafidain launches a new meal of the predecessor of retirees
2019/6/21 17:45
[Baghdad-where]
Rafidain Bank, on Friday, launched a new meal of double and double allowance for civilian and military retirees, through electronic payment tools.
The bank's press office said in a statement today that "a new batch of two and a half payoffs for civilian and military retirees has been disbursed to more than 600 retirees."
The statement said that "the disbursement of this advance was through the customer's fingerprint and then informing the pensioner by sending him a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through electronic payment tools,
It is worth mentioning that Rafidain Bank offers a variety of advances and long-term loans to state employees, retirees and other segments of society.
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