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Iraq, Egypt discuss joint committee meeting soon
Release date: 2019/6/23 11:04 • 102 times read
The Iraqi Ambassador to Cairo and its Permanent Representative to the League of Arab States, Ahmed Nayef al-Dulaimi, on Sunday discussed with the Egyptian Prime Minister Mustafa Medbouli the joint committee meeting between the two countries in the near future.
"The meeting discussed the relations between the two brotherly countries, ways of benefiting from the Egyptian experience in reconstruction and reconstruction, and the efforts of holding the Iraqi-Egyptian High Joint Committee in the near future," a foreign ministry statement said.
"Al-Dulaimi conveyed the greetings of Prime Minister Adel Abdul-Mahdi and Foreign Minister Mohammad Ali al-Hakim, wishing the Egyptian people further progress and prosperity," the statement said.
"The ambassador conveyed Iraq's desire to further develop bilateral relations between the two countries," the statement said
"Al-Dulaimi conveyed the greetings of Prime Minister Adel Abdul-Mahdi and Foreign Minister Mohammad Ali al-Hakim, wishing the Egyptian people further progress and prosperity," the statement said.
"The ambassador conveyed Iraq's desire to further develop bilateral relations between the two countries," the statement said
Iran: Ready to provide Iraqi air defense needs in all disciplines
Editorial date:: 2019/6/23 12:08 • 12 times read
The commander of Iran's Air Defense Force, Brigadier General Ali Reza Sabahi Ferd, said during a meeting with a senior Iraqi military official that Iran is fully prepared to provide Iraqi air defense needs in all disciplines.
During his meeting with the head of the Iraqi side in the joint committee for military cooperation between the two countries, Major General Tariq Abbas Ibrahim Abdul Hussain, Brigadier Sabahi Ferd said that the two countries have many reasons and reasons for unity, solidarity and work to strengthen Islamic capabilities in the region. the reasons.
"Iran and Iraq are two parts of the body of the one Islamic nation and the Islamic world, as the political and geographic boundaries can not separate them. As we all know, there is no separation between the Iranian and Iraqi peoples in the great and glorious march of Imam Hussein."
"The Air Defense Force of the Islamic Republic of Iran, thanks to the Almighty Bari and the wise directives of the Commander-in-Chief of the Armed Forces and relying on scientific elites, technical experts and competent personnel have initiated the production of various air defense systems, including tactical and fixed radars, artillery and missile systems, Electronic warfare equipment and aircraft with various missions in oscillations and ranges. "
"We are ready to form expert committees to provide the ground and develop mutual cooperation in all fields," he said.
He added that "Iran's air defense and relying on the country's experts in the field of manufacturing and military support for air defense systems, are fully prepared to provide Iraqi air defense needs in all disciplines."
"Iran and Iraq are two parts of the body of the one Islamic nation and the Islamic world, as the political and geographic boundaries can not separate them. As we all know, there is no separation between the Iranian and Iraqi peoples in the great and glorious march of Imam Hussein."
"The Air Defense Force of the Islamic Republic of Iran, thanks to the Almighty Bari and the wise directives of the Commander-in-Chief of the Armed Forces and relying on scientific elites, technical experts and competent personnel have initiated the production of various air defense systems, including tactical and fixed radars, artillery and missile systems, Electronic warfare equipment and aircraft with various missions in oscillations and ranges. "
"We are ready to form expert committees to provide the ground and develop mutual cooperation in all fields," he said.
He added that "Iran's air defense and relying on the country's experts in the field of manufacturing and military support for air defense systems, are fully prepared to provide Iraqi air defense needs in all disciplines."
Al-Gha'ami reveals the reasons for lifting the completion of the government cab from its agenda
Release date: 2019/6/23 11:43 • 17 times read
(Baghdad: al-Furat News) Deputy MP for the parliamentary wisdom bloc Khaled al-Geshmi, Saturday, the reasons for lifting the paragraph to complete the government cab from the agenda of Saturday's session.
In a statement received by Al-Eufrat News, al-Geshmi said in a statement that "the reason for lifting the clause of completing the government cab is to not send the government to any candidate name, forcing parliament to remove it from its agenda, despite informing the cabinet yesterday of the council adding this paragraph, Voting on special grades ".
He added that "the House of Representatives decided that this paragraph is fixed in all future meetings until they are resolved and completed.
A number of deputies from Nineveh province on Saturday called on the government and parliament to end the state of conflict over the Sunni and Shiite properties in the province.
A statement issued by a number of deputies of the province of Nineveh and received 'orbit' a copy of it, 'a number of Nineveh deputies held a special meeting to discuss urgent issues that concern the status of the province'.
The meeting called on the Prime Minister and the deputies to host the Sunni and Shiite leaders in the presence of a representative of the Prime Minister to resolve the issue of the repercussions that are taking place in the province regarding the endowments and ending the current state of conflict. Protects the rights of all, and distancing the maintenance of turmoil and tension '.
He added that "the House of Representatives decided that this paragraph is fixed in all future meetings until they are resolved and completed.
Nineveh MPs call on the government and parliament to end the dispute over the property of the Waqfeen in the province
23-06-2019 12:05 AM
Number of readings:
Agency of the orbit -
NinevehA number of deputies from Nineveh province on Saturday called on the government and parliament to end the state of conflict over the Sunni and Shiite properties in the province.
A statement issued by a number of deputies of the province of Nineveh and received 'orbit' a copy of it, 'a number of Nineveh deputies held a special meeting to discuss urgent issues that concern the status of the province'.
The meeting called on the Prime Minister and the deputies to host the Sunni and Shiite leaders in the presence of a representative of the Prime Minister to resolve the issue of the repercussions that are taking place in the province regarding the endowments and ending the current state of conflict. Protects the rights of all, and distancing the maintenance of turmoil and tension '.
408 million barrels of Iraqi exports during the first quarter of this year
23-06-2019 12:48 AM
Agency of the orbit -
Baghdad
Announced the Central Bureau of Statistics, the indicators of Iraqi oil production for the first quarter of 2019, indicating that production in this period amounted to 408 million barrels.
"The volume of exports of crude oil amounted to 357 million and 800 thousand barrels," the device said in a statistic followed by 'orbit', noting that 'the average price of a barrel was $ 60.4'.
The Ministry of Oil announced in its statistics that the value of revenues derived from oil exports for the first quarter amounted to 18 billion and 330 million dollars.
"The volume of exports of crude oil amounted to 357 million and 800 thousand barrels," the device said in a statistic followed by 'orbit', noting that 'the average price of a barrel was $ 60.4'.
The Ministry of Oil announced in its statistics that the value of revenues derived from oil exports for the first quarter amounted to 18 billion and 330 million dollars.
Parliament hosts Abdul Mahdi with a "bad" impression of the achievements of his government program
Editorial date: 2019/6/23 8:37 • 296 times read
(Baghdad: Al-Furat News) The House of Representatives is preparing to host Prime Minister Adel Abdul-Mahdi, before the end of the second legislative term to discuss what has been achieved in the government program, in relation to the dilapidated projects of services.
A member of the Follow-up Committee of the government's parliamentary program, Raed Fahmi, said in a press statement that "the Committee continues to evaluate the government program as well as the evaluations received through the deputies' views, especially as the government program contains timelines for some of the files that must be achieved, For "hosting the President of Abdul-Mahdi to discuss these issues before the end of the second legislative term."
Fahmi added, "There is a general impression in the parliament that some things have not been completed in the government program in return for other achievements," noting that "what has been achieved is limited compared with what is stated in the government program such as unemployment, which remained high ratios despite the confirmation of contracts, At the required level ".
He pointed out that "the electricity did not improve in light of the increase in production, but the distribution is facing many problems and also the subject of completing the construction of hospitals and schools, in general, there are many things need to be discussed, especially as the budget allocated a lot of money to complete projects lags as well as funds allocated for the reconstruction of schools "He said.
Fahmy said that "the money is no longer a hindrance to the completion of projects so you should ask about the lagging ones," noting that "the Parliament will address during the hosting of the Prime Minister's initiative to distribute the land he launched despite the existence of achievements in the province of Basra the number of pieces that were produced but the rest of the provinces did not respond to them Any achievement "
Fahmi added, "There is a general impression in the parliament that some things have not been completed in the government program in return for other achievements," noting that "what has been achieved is limited compared with what is stated in the government program such as unemployment, which remained high ratios despite the confirmation of contracts, At the required level ".
He pointed out that "the electricity did not improve in light of the increase in production, but the distribution is facing many problems and also the subject of completing the construction of hospitals and schools, in general, there are many things need to be discussed, especially as the budget allocated a lot of money to complete projects lags as well as funds allocated for the reconstruction of schools "He said.
Fahmy said that "the money is no longer a hindrance to the completion of projects so you should ask about the lagging ones," noting that "the Parliament will address during the hosting of the Prime Minister's initiative to distribute the land he launched despite the existence of achievements in the province of Basra the number of pieces that were produced but the rest of the provinces did not respond to them Any achievement "
Mr. Ammar al-Hakim calls on the parliamentary bloc of wisdom to be expressing the aspirations of the people and demanding services
Editorial date: 2019/6/23 9:50 • 154 times read
The leader of the National Wisdom Movement, Mr. Ammar al-Hakim, called on the bloc of parliamentary wisdom to be expressive of the public's aspirations and that its voice is required to provide services, urging the members of the bloc to be close to the people and take the field to serve the people.
During a meeting of the parliamentary wisdom bloc in his office in Baghdad on Saturday, Mr. Ammar al-Hakim called for "the Council of Representatives and the adoption of important laws, especially laws that directly seek with the daily needs of the citizen," pointing to "the need to bear everyone's responsibilities towards the political reality and service in Iraq."
"The opposition is a choice of stratigy, one of the two wings of democracy and one of the tools to consolidate it," he said.
He stressed that "the service reality is complex, there is a service deficit in more than one detail," calling deputies wisdom to "focus on priorities, while called for the need to coordinate with local governments to overcome obstacles to the realization of aspirations."
"The opposition is a choice of stratigy, one of the two wings of democracy and one of the tools to consolidate it," he said.
He stressed that "the service reality is complex, there is a service deficit in more than one detail," calling deputies wisdom to "focus on priorities, while called for the need to coordinate with local governments to overcome obstacles to the realization of aspirations."
Customs Response to Jubouri: No waste of public money and our revenues are increasing
Date of release:: 2019/6/23 10:16 • 131 times read
(Baghdad: Al Furat News) The General Authority of Customs issued on Sunday, clarifications regarding the statement of MP Ahmed Mazhar Jubouri about the existence of waste of money in the General Authority for Customs.
The Authority said in a statement received by the {Euphrates News}, a copy of it, "it has recorded during the past two years an unprecedented rise in customs revenues despite the challenges and interventions in most of its border customs centers, causing waste of public funds and illegal change of customs procedures"
"In spite of the difficulties facing the customs work and the acute shortage of qualified personnel and the lack of minimum requirements, means and means of customs work has announced during the past two months recording the highest daily revenues registered in each of the centers of Umm Qasr, the North and the Middle and the terminal of Basra Gate exceeded two billion dinars for each center.
The Commission affirmed that "this achievement is the outcome of the customs administration's directives to combat corruption, to deal with cases of manipulation and evasion of customs duties, as well as to facilitate the completion of customs transactions, which encouraged traders to increase imports of goods and goods, which reflected positively on the revenues of all customs centers."
"Revenues are included in a closed account without the right of withdrawal, and all amounts of the collected revenues are transferred by the approved government banks to the Ministry of Finance's open account with the Central Bank."
The Commission called upon "all concerned parties to comply with the tasks entrusted to them within their jurisdiction, to tighten control of ports and border gates, to develop tight security plans, to regulate the movement of persons, vehicles and trucks and to prevent unauthorized persons from being present at the customs site."
"In spite of the difficulties facing the customs work and the acute shortage of qualified personnel and the lack of minimum requirements, means and means of customs work has announced during the past two months recording the highest daily revenues registered in each of the centers of Umm Qasr, the North and the Middle and the terminal of Basra Gate exceeded two billion dinars for each center.
The Commission affirmed that "this achievement is the outcome of the customs administration's directives to combat corruption, to deal with cases of manipulation and evasion of customs duties, as well as to facilitate the completion of customs transactions, which encouraged traders to increase imports of goods and goods, which reflected positively on the revenues of all customs centers."
"Revenues are included in a closed account without the right of withdrawal, and all amounts of the collected revenues are transferred by the approved government banks to the Ministry of Finance's open account with the Central Bank."
The Commission called upon "all concerned parties to comply with the tasks entrusted to them within their jurisdiction, to tighten control of ports and border gates, to develop tight security plans, to regulate the movement of persons, vehicles and trucks and to prevent unauthorized persons from being present at the customs site."
Public Prosecution: 542 cases of corruption against accused abroad and countries do not cooperate
Date of release: 2019/6/23 10:31 • 153 times read
BAGHDAD (Reuters) - Iraq is represented by the judiciary and the public prosecution is constantly working on the issue of the return of fugitives, but the response from other countries is insufficient, according to a deputy prosecutor general in Baghdad. .
"The extradition of criminals is a manifestation of cooperation between states to combat crimes and limit their spread, whereby a state extradites a person who resides in its territory to another country requesting him to be tried for the crime of committing or carrying out a sentence against him," Judge Hana Ali Fayyad said.
Fayyad said in an interview with the judiciary that "the Iraqi legislator dealt with this issue through the Iraqi Code of Criminal Procedure No. 23 of 1971 and its amendments, which stipulates in article 352 that he is in charge of the prosecution and the extradition of accused persons and sentenced to foreign countries, In this Act, taking into account the provisions of international treaties, conventions, common law rules and the principle of reciprocity ".
And on the procedures for the extradition of accused persons between countries, continued that "Chapter II of Chapter VII of the law referred to the conditions, controls and procedures and how to issue a decision to extradite in articles (357-368) of it and pursuant to the provisions of this article, consideration of the request for extradition is based on the treaty or the Convention between Iraq and the requesting State and in the absence of such a treaty or convention shall be based on the principle of reciprocity ".
She pointed out that "the implementation of the provisions of this law requires the submission of a request from the judicial authorities in the requesting countries to the judicial authorities in the State required to hand over the diplomatic route and through the Ministry of Foreign Affairs in both States, provided that the request in writing accompanied by a full statement of the person requested extradition, If he is a national of the requesting State and an official copy of the warrant of arrest with the legal description of the crime and the judicial article with an official copy of the investigation papers and the decision of the verdict if it has been issued. "
The Deputy Prosecutor talked about the role and position of the Interpol police in the recovery of criminals, stressing that "Iraq joined its membership in 1967, based in the French city of Paris and has offices in the capitals of all Member States and aims to further international cooperation in the fight against crime and prosecution of offenders and reduce the Proliferation, "noting that" the role of the Directorate of Arab International Police and associated with the Ministry of the Interior is effective in the extradition and recovery procedures. "
But the judge stressed that "the most non-cooperative countries in the recovery of fugitives fleeing outside Iraq, especially when their presence in the countries of Jordan, Britain and America," noting that "there are 542 cases of corruption against them in accordance with the provisions of articles (340/341/331/315/316/318) / 307 / and Resolution 160 of 1983) from 2003 until now ".
"The competent authorities to approve the recovery of criminals and fugitives outside Iraq is the head of the Public Prosecution, which organizes and follows up the files of the recovery of accused and convicted fugitives out of Iraq on the recommendations of the President of the Supreme Judicial Council as well as the Criminal Court appointed by the President of the Supreme Judicial Council pursuant to Article 361 Fundamentalism After the decision is issued by the competent criminal court, the papers are sent to the Supreme Judicial Council pursuant to the provisions of article 362 / C fundamentalist.
It also stressed that "the law imposed important points for the recovery of criminals is that a crime has been committed and the perpetrator escaped from the State where the crime occurred to another country was required to be extradited accused of committing an offense occurred within the territory of the requesting state or outside the laws of the requesting State and the laws of the Republic Iraq shall be punished by imprisonment or imprisonment for a term of not less than two years or any more severe penalty or issued by a court of the state requesting the extradition of imprisonment for a period of not less than six months or any more severe punishment.
"Article 40 of the Riyadh Convention on Legal and Judicial Cooperation, ratified by Law No. 110 of 1983, stipulates that the penalty shall be one year or more, or a sentence of absenteeism or attendance at the courts of the party requesting a penalty of one year or more.
The deputy prosecutor general of the prosecution, Hana Ali Fayyad, said that "all crimes committed in violation of the rules of criminal legislation of countries may be extradited, but some crimes are excluded. This exception is due to a national convention or legislation or a violation of international law. .is over
Agency of the orbit -
Fayyad said in an interview with the judiciary that "the Iraqi legislator dealt with this issue through the Iraqi Code of Criminal Procedure No. 23 of 1971 and its amendments, which stipulates in article 352 that he is in charge of the prosecution and the extradition of accused persons and sentenced to foreign countries, In this Act, taking into account the provisions of international treaties, conventions, common law rules and the principle of reciprocity ".
And on the procedures for the extradition of accused persons between countries, continued that "Chapter II of Chapter VII of the law referred to the conditions, controls and procedures and how to issue a decision to extradite in articles (357-368) of it and pursuant to the provisions of this article, consideration of the request for extradition is based on the treaty or the Convention between Iraq and the requesting State and in the absence of such a treaty or convention shall be based on the principle of reciprocity ".
She pointed out that "the implementation of the provisions of this law requires the submission of a request from the judicial authorities in the requesting countries to the judicial authorities in the State required to hand over the diplomatic route and through the Ministry of Foreign Affairs in both States, provided that the request in writing accompanied by a full statement of the person requested extradition, If he is a national of the requesting State and an official copy of the warrant of arrest with the legal description of the crime and the judicial article with an official copy of the investigation papers and the decision of the verdict if it has been issued. "
The Deputy Prosecutor talked about the role and position of the Interpol police in the recovery of criminals, stressing that "Iraq joined its membership in 1967, based in the French city of Paris and has offices in the capitals of all Member States and aims to further international cooperation in the fight against crime and prosecution of offenders and reduce the Proliferation, "noting that" the role of the Directorate of Arab International Police and associated with the Ministry of the Interior is effective in the extradition and recovery procedures. "
But the judge stressed that "the most non-cooperative countries in the recovery of fugitives fleeing outside Iraq, especially when their presence in the countries of Jordan, Britain and America," noting that "there are 542 cases of corruption against them in accordance with the provisions of articles (340/341/331/315/316/318) / 307 / and Resolution 160 of 1983) from 2003 until now ".
"The competent authorities to approve the recovery of criminals and fugitives outside Iraq is the head of the Public Prosecution, which organizes and follows up the files of the recovery of accused and convicted fugitives out of Iraq on the recommendations of the President of the Supreme Judicial Council as well as the Criminal Court appointed by the President of the Supreme Judicial Council pursuant to Article 361 Fundamentalism After the decision is issued by the competent criminal court, the papers are sent to the Supreme Judicial Council pursuant to the provisions of article 362 / C fundamentalist.
It also stressed that "the law imposed important points for the recovery of criminals is that a crime has been committed and the perpetrator escaped from the State where the crime occurred to another country was required to be extradited accused of committing an offense occurred within the territory of the requesting state or outside the laws of the requesting State and the laws of the Republic Iraq shall be punished by imprisonment or imprisonment for a term of not less than two years or any more severe penalty or issued by a court of the state requesting the extradition of imprisonment for a period of not less than six months or any more severe punishment.
"Article 40 of the Riyadh Convention on Legal and Judicial Cooperation, ratified by Law No. 110 of 1983, stipulates that the penalty shall be one year or more, or a sentence of absenteeism or attendance at the courts of the party requesting a penalty of one year or more.
The deputy prosecutor general of the prosecution, Hana Ali Fayyad, said that "all crimes committed in violation of the rules of criminal legislation of countries may be extradited, but some crimes are excluded. This exception is due to a national convention or legislation or a violation of international law. .is over
Nineveh MPs call on the government and parliament to end the dispute over the property of the Waqfeen in the province
23-06-2019 12:05 AM
Agency of the orbit -
Nineveh
A number of deputies from Nineveh province on Saturday called on the government and parliament to end the state of conflict over the Sunni and Shiite properties in the province.
A statement issued by a number of deputies of the province of Nineveh and received 'orbit' a copy of it, 'a number of Nineveh deputies held a special meeting to discuss urgent issues that concern the status of the province'.
The meeting called on the Prime Minister and the deputies to host the Sunni and Shiite leaders in the presence of a representative of the Prime Minister to resolve the issue of the repercussions that are taking place in the province regarding the endowments and ending the current state of conflict. Protects the rights of all, and distancing the maintenance of turmoil and tension '..
A number of deputies from Nineveh province on Saturday called on the government and parliament to end the state of conflict over the Sunni and Shiite properties in the province.
A statement issued by a number of deputies of the province of Nineveh and received 'orbit' a copy of it, 'a number of Nineveh deputies held a special meeting to discuss urgent issues that concern the status of the province'.
The meeting called on the Prime Minister and the deputies to host the Sunni and Shiite leaders in the presence of a representative of the Prime Minister to resolve the issue of the repercussions that are taking place in the province regarding the endowments and ending the current state of conflict. Protects the rights of all, and distancing the maintenance of turmoil and tension '..
Kauaihn Economic Times:
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The Conservative leadership contest is entering its final phase
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Brexit uncertainty is like a 'purgatory': MBMG
Paul Gambles of MBMG Group says a no-deal Brexit is nothing like the drama that it is being painted as. He also says a second referendum would be the "worst" outcome.
Read in CNBC: https://apple.news/
Five Steps Every SME Should Take As The Chances Of No Deal Increase
Boris Johnson's lead in the race to become Prime Minister increases the chances of a no-deal Brexit. Small businesses must be prepared
Read in Forbes: https://apple.news/
Europe’s corporate bond market soars on ECB re-entry bets
LONDON (Reuters) – Bond investors have sent Europe’s 1.7 trillion euro ($1.92 trillion) corporate debt market spiraling to record highs this week, betting the sector will be a prime beneficiary should the European Central Bank revive its asset purchase program. Government bonds have rallied hard since Tuesday when ECB president Mario Draghi surprised investors by...
Read in CreaWorldNews: https://apple.news/
Italy playing a delicate dance with EU, ex-Greek finance minister says
Former Greek Finance Minister George Papaconstantinou discusses his country's upcoming snap election and Italy's political situation.
Read in CNBC: https://apple.news/
EU leaders push for eurozone budget funding solutions
European Union leaders are gathering to discuss creating a budget for the 19 member states that use the euro, a move that could help stabilize the economy and strengthen the currency
Read in ABC News: https://apple.news/
Doomed: How There's No Way Out Of The Debt Crisis For Italy
It's on course to spark an existential crisis for Europe's single currency area.
Read in Forbes: https://apple.news/
ISX Update:
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What Is an Inheritance Tax?
Only a handful of people will ever pay taxes on estates and inheritances. Here's how it works. Nothing that follows is to be taken as legal advice. Before making any decisions regarding your own tax status seek the advice of an attorney or a financial professional. Most Americans don't understand how much they pay in taxes. This is true of taxes in general; most Americans, for example, believe the canard that half of all workers pay nothing in taxes. Nowhere is this more true than with
Read in TheStreet: https://apple.news/
As Gold Inches Closer to $1,400, Is $1,700 Next Stop?
There's more room for gold to climb higher. Gold's rally isn't over yet by any means, as one analyst sees the upward momentum continuing. Phil Streible, RJO Futures, told Kitco News that prices for the yellow metal may still see much higher levels from here. "We should continue to see that break through $1,400 and I anticipate that a lot of the short sellers will end up giving up at that level. So, no telling how high we can go from here, it's kind of got that perfect storm going on with
Read in TheStreet: https://apple.news/AUxl2B-
Gold and oil are soaring to cap a week full of Iran tensions, the Fed, and China trade-war woes
Gold and oil prices have soared this week on the prospect of interest-rate cuts, mounting tensions between the US and Iran, and uncertainty due to the US-China trade war. The yellow metal hit a six-year high as falling Treasury yields have boosted its appeal, and investors are seeking a safe haven amid US-Iran tensions and the US-China trade war. "Oil is higher because of conflict fears," said Neil Wilson, chief markets analyst for Markets.com. "This is not a healthy position - it just feels
Read in Business Insider: https://apple.news/A2d-
Gold Roars to Six-Year High as Rates, Currencies Tumble, Risk Appetite Fades
Gold prices surged to a six year high Friday, capping its best weekly advance since 2016, as investors sought safety from falling global currencies, negative interest rates and the prospect of escalating military tensions in the Gulf region. Gold prices surged to a six year high Friday, capping its best weekly advance since 2016, as investors sought safety from falling global currencies, negative interest rates and the prospect of escalating military tensions in the Gulf region. Spot gold prices
Read in TheStreet: https://apple.news/Ap8lgGvCHQ-
Gold Nears 6-Year High; $1,500 Likely on U.S.-Iran Tensions, Fed
Commodities Jun 20, 2019 17:25 GMT By Barani Krishnan Investing.com - Gold was near six-year highs Thursday, which could be the start of a multi-month rally if U.S.-Iran tensions come to a head and intersect with an anticipated Federal Reserve rate cut. Spot gold, reflective of trades in bullion, traded at $1,387.79 per ounce by 1:11 PM ET (17:11 GMT), up $27.40, or 2%, as it extended Wednesday’s run higher after the Fed signaled rate cuts from as early as July. Bullion earlier peaked at
Read in Investing.com: https://apple.news/
METALS-London copper gives up gains as U.S.-Iran tensions weigh
(Recasts, updates prices, adds ShFE stocks data) BEIJING, June 21 (Reuters) - London copper prices paredearly gains to trade lower on Friday as the base metals complexdeclined amid concerns over rising political tensions betweenthe United States and Iran. U.S. President Donald Trump approved military strikesagainst Iran on Friday in retaliation for the downing of a U.S.surveillance drone, but called off the attacks at the lastminute, the New York Times reported. Copper is still on course for a
Read in Reuters: https://apple.news/
Oil Set for Biggest Weekly Gain Since February;Trump Iran Threat Rattles Markets
Global oil prices jumped to a three-week high Friday, extending the biggest weekly gain since February, amid escalating military tensions in the Gulf region and the threat of potential U.S. airstrikes on Iran. Global oil prices jumped to a three-week high Friday, extending the biggest weekly gain since February, amid escalating military tensions in the Gulf region and the threat of potential U.S. airstrikes on Iran. President Donald Trump ordered, and then rescinded, an airstrike on military
Read in TheStreet: https://apple.news/
How to Trade Oil As Tensions Between the U.S. and Iran Escalate
Here's how investors should trade oil as the tensions between the U.S. and Iran escalate. With oil soaring on escalating tensions between the U.S. and Iran, investors are going to need some advice on how they should be trading oil. In the latest development, President Donald Trump reportedly ordered a retaliatory strikes on military installations in Iran, per the New York Times. The strike would have been in response to Iran shooting down an unmanned U.S. drone Wednesday. On Thursday, Stephen
Read in TheStreet: https://apple.news/
Oil Jumps 6% After Iran Downs U.S. Drone; 'Very Big Mistake' Says Trump
Commodities Jun 20, 2019 15:15 GMT By Barani Krishnan Investing.com - Iran’s downing of a U.S. drone has given oil prices their biggest boost on the year and President Donald Trump’s tweet that Tehran had made “a very big mistake” leaves the market in uncertainty as to how the White House will respond. New York-traded West Texas Intermediate crude rose $3.11, or 5.8%, at $57.08 a barrel by 11:11 AM ET (15:11 GMT). London-traded Brent crude, the benchmark for oil outside of the U.S., rallied
Read in Investing.com: https://apple.news/AJ_-
UPDATE 5-Brent oil up 5% this week on fears of U.S.-Iran conflict
* Oil extends gains after 5% rally on Thursday
Read in Reuters: https://apple.news/
How Fed Rate Decisions Affect Commodity Markets
Energy, grain, livestock and currency markets can all be affected by Fed decisions Traders tend to focus on the interest rate and stock market going into a Federal Reserve meeting, but monetary policy often has profound impacts on commodity trade as well. Some commodity markets are directly impacted, and others indirectly react via inter-market relationships. I am watching the energy, grain, meat, and currency markets in addition to the Eurodollar, which I consider to be a benchmark for
Read in TheStreet: https://apple.news/AaC-Z0qU_
Commercial Metals Soars After It Crushes Earnings Estimates
Commercial Metals cites strong construction activity for the big earnings beat. Shares of Commercial Metals (CMC) jumped Thursday after the big industry player stomped on analysts' earnings estimates. The stock surged 7.46% to $17.07 after the steel and metal products manufacturer reported earnings of $80.4 million, or 67 cents a share, for its fiscal third quarter, beating the estimate of 63 cents a share by analysts polled by Zacks. That also represented a big earnings increase for Commercial
Read in TheStreet: https://apple.news/AUi1l9_
10 best personal finance books of all time
I’ve put together a list of the top personal finance books. Adding these books to your collection is sure to set you up for financial success.
Read in Ladders: https://apple.news/
Dollars in the detail: banks pan for gold in 'data lakes'
From sending special offers on restaurants to burger-loving current account holders to selling anonymized credit card records, banks are racing to monetize the huge troves of data they hold.
Read in Reuters: https://apple.news/
This is what happens to your credit score when you ditch credit cards
Chopping up credit cards may feel cleansing, but it could have detrimental effects.
Read in MarketWatch: https://apple.news/
Baoshang failure takes a toll in China's interbank markets as contagion fears grow
Nearly three weeks after Chinese regulators took over troubled Baoshang Bank, a mid-sized mutual fund house in Beijing suddenly became unable to borrow cash in the interbank market and was forced to default on some products.
Read in Reuters: https://apple.news/A-
U.S., Japan may need more tools to shore up banking system: Fed's Rosengren
The United States and Japan may need to shore up bank oversight to prepare for economic downturns, the head of the Federal Reserve Bank of Boston warned on Friday.
Read in Reuters: https://apple.news/AS2_
Hero or Scourge? Federal Reserve's Lone Wolf Explains Dissent on Interest Rates
James Bullard, president of the Federal Reserve Bank of St. Louis, was the only member of the Federal Reserve's monetary-policy committee to vote this week for a cut in the official U.S. interest rate. The panel majority, led by Chair Jerome Powell, voted to keep the rate at 2.25% to 2.5% but warned of risks to the U.S. economy. Federal Reserve Bank of St. Louis President James Bullard was the sole dissenter in the Fed's decision this week not to cut U.S. interest rates. It's no fun being alone.
Read in TheStreet: https://apple.news/
What Is a USDA Loan?
Do you want to buy a house? Do you live down the road from a farm? Check this out. One of the signature policy ideas of the 20th century was home ownership. Through bank reform, lending practices, taxes and other policy channels, the U.S. government set itself to the task of ensuring that Americans who wanted a home could buy a home. The USDA loan program is part of that push. What Is a USDA Loan? Otherwise known as a Rural Development Mortgage, USDA loans are a government-backed mortgage
Read in TheStreet: https://apple.news/
What It Will Take for 1 Billionaire to Start Unloading Stocks
Leon Cooperman, billionaire chairman and CEO of Omega Advisors, says we could be “knocking on the door of euphoria” if the stock market rally continues.
Read in Barron's: https://apple.news/
Opinion: Believing all this talk about a stock market bubble can land you in real trouble
S&P 500 gains aren’t large enough to prove the market is overheated, writes Mark Hulbert.
Read in MarketWatch: https://apple.news/
What to Watch in the Markets Ahead of G20
Stephen Guilfoyle breaks down what investors need to watch ahead of the G20 summit and President Trump's meeting with President Xi next week. Ready for G20? Stephen Guilfoyle, contributor for Real Money, is. Guilfoyle broke down what he's watching ahead of the summit and the sidelines meeting between President Donald Trump and Chinese President Xi. "G20 is what we have to watch that. Then of course tensions with Iran. I mean we saw the swoon in the market. Then when it looked like the president
Read in TheStreet: https://apple.news/
G-20 Summit: Three Things Investors Should Know
Having trouble keeping up with the state of U.S—China trade talks? You're not alone. Here's what to remember ahead of the G-20 summit, which kicks off June 28. As the tit for tat between Washington and Beijing continues ... U.S. President Trump and Chinese President Xi are gearing up for the G-20 summit that is set to kick off on June 28 in Japan. Here's three things investors remember ahead of the two-day summit. First off, president Trump appears largely optimistic about the talks. He recently
Read in TheStreet: https://apple.news/
Markets Pause Ahead Of The Weekend
Japan reported softer price pressures and a June flash manufacturing PMI that remained below the 50 boom/bust level.There are three main talking points from Europe today: The Tory leadership contest in the UK, the flash PMI, and developments in negotiating the next European Commission.The Canadian dollar has risen in the past four sessions but may struggle ahead of the weekend amid the general consolidative mood.
Read in Seeking Alpha: https://apple.news/
Bitcoin Price Breaches $9.6K to Hit 400-Day High
At 18:00 UTC on June 20, bitcoin price broke from a bullish triangle pattern after being held beneath $9,348 for an extended period of time.
Read in CoinDesk: https://apple.news/
Bitcoin Barrels Towards $10k Lifting Crypto Markets to $300 Billion
It has been a fruitful Friday once again as Bitcoin reaches a new 400 day high of $9,800. The move has lifted total crypto market capitalization to its highest level since July 2018 as it touched $300 billion briefly. No Signs of Stopping Many had predicted that bitcoin would falter at the wall of resistance around the $9.6k level. As in previous movements, it ignored all correction calls and pushed even higher topping out at $9.8k a few hours ago according to Tradingview.com. BTC price 1hr
Read in Bitcoinist.net: https://apple.news/
Ethereum briefly gets the spotlight with all the FB, Libra, and Ripple advancements
Ethereum had gone silent with all the mainstream developments happening with Ripple, XRP and Facebook's Libra. However, Ethereum seems to be back in the limelight, although briefly, due to Grayscale announcement. Grayscale announced the launch of trading for Grayscale Ethereum Trust "ETHE" on June 20. With this, ETHE is now available for trading on OTC...
Read in AMBCrypto: https://apple.news/
Japan Watchdog Orders Improvements After Fisco Crypto Exchange 'Violations'
Fisco, owner of the Zaif crypto exchange, is being forced to upgrade its management systems after an investigation by Japan’s financial watchdog.
Read in CoinDesk: https://apple.news/
Bitcoin and gold's price will rise following the impending global financial crisis, says Max Keiser
Max Keiser spoke about macroeconomics and global politics, warning about the impending economic recession and its effects on Gold and Bitcoin, in a recent edition of the Kaiser report. Max Keiser said that Deutsche Bank would be the most likely of the major banks to go bankrupt and will require a bailout, just like the...
Read in AMBCrypto: https://apple.news/
Facebook co-founder says Libra could shift monetary clout to private companies: FT
Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday.
Read in Reuters: https://apple.news/AdevMYc_cR_
Dollar in Weak Recovery as Focus Turns to Eurozone PMIs | Action Forex
Dollar recovers mildly today but there is apparently no follow through buying for a turn around. The greenback is still feeling heavy on dovish Fed which opened the door for rate cut at this week’s FOMC meeting. Weakness in Dollar is also apparent in the strength of Gold, which breaches 1400 handle today as rally […] The post Dollar in Weak Recovery as Focus Turns to Eurozone PMIs appeared first on Action Forex.
Read in Action Forex: https://apple.news/
Dollar Keeps Falling After Rate Cut Signal
© Reuters. The dollar kept losing ground to other major currencies on Friday in Asia
Read in Investing.com: https://apple.news/
USDCAD May Decrease Further to $1.3111 Level
USDCAD Price Analysis – June 20 The pullback is inevitable after a particular breakout. Further increase in the bearish momentum will decrease the USDCAD to the demand level of $1.3111. USD/CAD Market Key levels: Supply levels: $1.3367, $1.3493, $1.3648 Demand levels: $1.3207, $1.3111, $1.2977 USDCAD Long-term trend: Bearish USDCAD maintain its bearish movement on the long-term outlook. The pullback observed by the currency pair on June 14 led to the breakup of the $1.3493 level. The bearish
Read in InsideBitcoins: https://apple.news/
Pound to euro exchange rate: Sterling slips - should you buy holiday money today?
THE POUND to euro exchange rate slipped yesterday after GBP hit a one-week high on Wednesday. The drop came as “the Bank of England struck a cautious tone in their latest policy statement,” experts have said. The pound to euro exchange rate fell slightly on Thursday following the Bank of England’s policy statement release. Diminished growth expectations saw GBP drop against the euro despite interest rates staying steady. The ongoing Conservative Party leadership contest which saw Michael Gove
Read in Express: https://apple.news/
Peso firms up for 4th straight day
The Philippine peso extended its winning streak against the US dollar for the fourth straight session on Friday, as dovish Federal Reserve statement signaling more rate cuts weighed on the greenback. The local currency gained 7.5 centavos to close at P51.7:$1 from Thursday’s finish at 51.645. Rizal Commercial Banking Corp. lead economist Michael Ricafort said the more dovish Fed signals of possible rate cuts in 2019 caused a weaker US dollar against major global currencies. According to a report
Read in GMA News Online: https://apple.news/Af-
7 health habits you can use to build energy and get more done every dayI try to establish habits that make the right decisions the defaults. I want to share my daily health habits — simple practices that help me build energy
Read in Ladders: https://apple.news/
How much coffee is too much?
Drinking more than six cups of coffee a day, compared with just one or two cups, was associated with 22% increased odds of cardiovascular disease in a new study.
Read in CNN: https://apple.news/
Axios Vitals: Hospital corporatization — Surprise billing proposals — Why CVS fears AmazonGood morning from Colorado, where I'm at Aspen Ideas: Health, a festival organized by the Aspen Institute. Say hello if you're here as well!
Read in Axios: https://apple.news/Anc-
What Is a High Deductible Health Plan (HDHP)?
An HDHP can help alleviate the problem of pricey monthly premiums, but they come with their own set of risks as well. Whether looking for a health insurance plan via your employer or the government marketplace, you've got a lot of decisions to make. Your decision on what plan to go with will involve both what you can afford and what you choose to spend on. Normally, this comes down to whether you would rather put money toward your monthly premiums, or more toward your deductible. That's where a
Read in TheStreet: https://apple.news/AOGl-
GLOBAL/NEWS/INFO
What Is an Inheritance Tax?
Only a handful of people will ever pay taxes on estates and inheritances. Here's how it works. Nothing that follows is to be taken as legal advice. Before making any decisions regarding your own tax status seek the advice of an attorney or a financial professional. Most Americans don't understand how much they pay in taxes. This is true of taxes in general; most Americans, for example, believe the canard that half of all workers pay nothing in taxes. Nowhere is this more true than with
Read in TheStreet: https://apple.news/
OIL/COMMODITIES/ENERGY
As Gold Inches Closer to $1,400, Is $1,700 Next Stop?
There's more room for gold to climb higher. Gold's rally isn't over yet by any means, as one analyst sees the upward momentum continuing. Phil Streible, RJO Futures, told Kitco News that prices for the yellow metal may still see much higher levels from here. "We should continue to see that break through $1,400 and I anticipate that a lot of the short sellers will end up giving up at that level. So, no telling how high we can go from here, it's kind of got that perfect storm going on with
Read in TheStreet: https://apple.news/AUxl2B-
Gold and oil are soaring to cap a week full of Iran tensions, the Fed, and China trade-war woes
Gold and oil prices have soared this week on the prospect of interest-rate cuts, mounting tensions between the US and Iran, and uncertainty due to the US-China trade war. The yellow metal hit a six-year high as falling Treasury yields have boosted its appeal, and investors are seeking a safe haven amid US-Iran tensions and the US-China trade war. "Oil is higher because of conflict fears," said Neil Wilson, chief markets analyst for Markets.com. "This is not a healthy position - it just feels
Read in Business Insider: https://apple.news/A2d-
Gold Roars to Six-Year High as Rates, Currencies Tumble, Risk Appetite Fades
Gold prices surged to a six year high Friday, capping its best weekly advance since 2016, as investors sought safety from falling global currencies, negative interest rates and the prospect of escalating military tensions in the Gulf region. Gold prices surged to a six year high Friday, capping its best weekly advance since 2016, as investors sought safety from falling global currencies, negative interest rates and the prospect of escalating military tensions in the Gulf region. Spot gold prices
Read in TheStreet: https://apple.news/Ap8lgGvCHQ-
Gold Nears 6-Year High; $1,500 Likely on U.S.-Iran Tensions, Fed
Commodities Jun 20, 2019 17:25 GMT By Barani Krishnan Investing.com - Gold was near six-year highs Thursday, which could be the start of a multi-month rally if U.S.-Iran tensions come to a head and intersect with an anticipated Federal Reserve rate cut. Spot gold, reflective of trades in bullion, traded at $1,387.79 per ounce by 1:11 PM ET (17:11 GMT), up $27.40, or 2%, as it extended Wednesday’s run higher after the Fed signaled rate cuts from as early as July. Bullion earlier peaked at
Read in Investing.com: https://apple.news/
METALS-London copper gives up gains as U.S.-Iran tensions weigh
(Recasts, updates prices, adds ShFE stocks data) BEIJING, June 21 (Reuters) - London copper prices paredearly gains to trade lower on Friday as the base metals complexdeclined amid concerns over rising political tensions betweenthe United States and Iran. U.S. President Donald Trump approved military strikesagainst Iran on Friday in retaliation for the downing of a U.S.surveillance drone, but called off the attacks at the lastminute, the New York Times reported. Copper is still on course for a
Read in Reuters: https://apple.news/
Oil Set for Biggest Weekly Gain Since February;Trump Iran Threat Rattles Markets
Global oil prices jumped to a three-week high Friday, extending the biggest weekly gain since February, amid escalating military tensions in the Gulf region and the threat of potential U.S. airstrikes on Iran. Global oil prices jumped to a three-week high Friday, extending the biggest weekly gain since February, amid escalating military tensions in the Gulf region and the threat of potential U.S. airstrikes on Iran. President Donald Trump ordered, and then rescinded, an airstrike on military
Read in TheStreet: https://apple.news/
How to Trade Oil As Tensions Between the U.S. and Iran Escalate
Here's how investors should trade oil as the tensions between the U.S. and Iran escalate. With oil soaring on escalating tensions between the U.S. and Iran, investors are going to need some advice on how they should be trading oil. In the latest development, President Donald Trump reportedly ordered a retaliatory strikes on military installations in Iran, per the New York Times. The strike would have been in response to Iran shooting down an unmanned U.S. drone Wednesday. On Thursday, Stephen
Read in TheStreet: https://apple.news/
Oil Jumps 6% After Iran Downs U.S. Drone; 'Very Big Mistake' Says Trump
Commodities Jun 20, 2019 15:15 GMT By Barani Krishnan Investing.com - Iran’s downing of a U.S. drone has given oil prices their biggest boost on the year and President Donald Trump’s tweet that Tehran had made “a very big mistake” leaves the market in uncertainty as to how the White House will respond. New York-traded West Texas Intermediate crude rose $3.11, or 5.8%, at $57.08 a barrel by 11:11 AM ET (15:11 GMT). London-traded Brent crude, the benchmark for oil outside of the U.S., rallied
Read in Investing.com: https://apple.news/AJ_-
UPDATE 5-Brent oil up 5% this week on fears of U.S.-Iran conflict
* Oil extends gains after 5% rally on Thursday
Read in Reuters: https://apple.news/
Oil Set for Biggest Weekly Gain Since February;Trump Iran Threat Rattles Markets
Global oil prices jumped to a three-week high Friday, extending the biggest weekly gain since February, amid escalating military tensions in the Gulf region and the threat of potential U.S. airstrikes on Iran. Global oil prices jumped to a three-week high Friday, extending the biggest weekly gain since February, amid escalating military tensions in the Gulf region and the threat of potential U.S. airstrikes on Iran. President Donald Trump ordered, and then rescinded, an airstrike on military
Read in TheStreet: https://apple.news/
Global oil prices jumped to a three-week high Friday, extending the biggest weekly gain since February, amid escalating military tensions in the Gulf region and the threat of potential U.S. airstrikes on Iran. Global oil prices jumped to a three-week high Friday, extending the biggest weekly gain since February, amid escalating military tensions in the Gulf region and the threat of potential U.S. airstrikes on Iran. President Donald Trump ordered, and then rescinded, an airstrike on military
Read in TheStreet: https://apple.news/
How Fed Rate Decisions Affect Commodity Markets
Energy, grain, livestock and currency markets can all be affected by Fed decisions Traders tend to focus on the interest rate and stock market going into a Federal Reserve meeting, but monetary policy often has profound impacts on commodity trade as well. Some commodity markets are directly impacted, and others indirectly react via inter-market relationships. I am watching the energy, grain, meat, and currency markets in addition to the Eurodollar, which I consider to be a benchmark for
Read in TheStreet: https://apple.news/AaC-Z0qU_
Commercial Metals Soars After It Crushes Earnings Estimates
Commercial Metals cites strong construction activity for the big earnings beat. Shares of Commercial Metals (CMC) jumped Thursday after the big industry player stomped on analysts' earnings estimates. The stock surged 7.46% to $17.07 after the steel and metal products manufacturer reported earnings of $80.4 million, or 67 cents a share, for its fiscal third quarter, beating the estimate of 63 cents a share by analysts polled by Zacks. That also represented a big earnings increase for Commercial
Read in TheStreet: https://apple.news/AUi1l9_
BANKS/BANKING/CREDIT
10 best personal finance books of all time
I’ve put together a list of the top personal finance books. Adding these books to your collection is sure to set you up for financial success.
Read in Ladders: https://apple.news/
Dollars in the detail: banks pan for gold in 'data lakes'
From sending special offers on restaurants to burger-loving current account holders to selling anonymized credit card records, banks are racing to monetize the huge troves of data they hold.
Read in Reuters: https://apple.news/
This is what happens to your credit score when you ditch credit cards
Chopping up credit cards may feel cleansing, but it could have detrimental effects.
Read in MarketWatch: https://apple.news/
Baoshang failure takes a toll in China's interbank markets as contagion fears grow
Nearly three weeks after Chinese regulators took over troubled Baoshang Bank, a mid-sized mutual fund house in Beijing suddenly became unable to borrow cash in the interbank market and was forced to default on some products.
Read in Reuters: https://apple.news/A-
U.S., Japan may need more tools to shore up banking system: Fed's Rosengren
The United States and Japan may need to shore up bank oversight to prepare for economic downturns, the head of the Federal Reserve Bank of Boston warned on Friday.
Read in Reuters: https://apple.news/AS2_
Hero or Scourge? Federal Reserve's Lone Wolf Explains Dissent on Interest Rates
James Bullard, president of the Federal Reserve Bank of St. Louis, was the only member of the Federal Reserve's monetary-policy committee to vote this week for a cut in the official U.S. interest rate. The panel majority, led by Chair Jerome Powell, voted to keep the rate at 2.25% to 2.5% but warned of risks to the U.S. economy. Federal Reserve Bank of St. Louis President James Bullard was the sole dissenter in the Fed's decision this week not to cut U.S. interest rates. It's no fun being alone.
Read in TheStreet: https://apple.news/
What Is a USDA Loan?
Do you want to buy a house? Do you live down the road from a farm? Check this out. One of the signature policy ideas of the 20th century was home ownership. Through bank reform, lending practices, taxes and other policy channels, the U.S. government set itself to the task of ensuring that Americans who wanted a home could buy a home. The USDA loan program is part of that push. What Is a USDA Loan? Otherwise known as a Rural Development Mortgage, USDA loans are a government-backed mortgage
Read in TheStreet: https://apple.news/
TREASURIES/BONDS/STOCKS
What It Will Take for 1 Billionaire to Start Unloading Stocks
Leon Cooperman, billionaire chairman and CEO of Omega Advisors, says we could be “knocking on the door of euphoria” if the stock market rally continues.
Read in Barron's: https://apple.news/
Opinion: Believing all this talk about a stock market bubble can land you in real trouble
S&P 500 gains aren’t large enough to prove the market is overheated, writes Mark Hulbert.
Read in MarketWatch: https://apple.news/
What to Watch in the Markets Ahead of G20
Stephen Guilfoyle breaks down what investors need to watch ahead of the G20 summit and President Trump's meeting with President Xi next week. Ready for G20? Stephen Guilfoyle, contributor for Real Money, is. Guilfoyle broke down what he's watching ahead of the summit and the sidelines meeting between President Donald Trump and Chinese President Xi. "G20 is what we have to watch that. Then of course tensions with Iran. I mean we saw the swoon in the market. Then when it looked like the president
Read in TheStreet: https://apple.news/
G-20 Summit: Three Things Investors Should Know
Having trouble keeping up with the state of U.S—China trade talks? You're not alone. Here's what to remember ahead of the G-20 summit, which kicks off June 28. As the tit for tat between Washington and Beijing continues ... U.S. President Trump and Chinese President Xi are gearing up for the G-20 summit that is set to kick off on June 28 in Japan. Here's three things investors remember ahead of the two-day summit. First off, president Trump appears largely optimistic about the talks. He recently
Read in TheStreet: https://apple.news/
Markets Pause Ahead Of The Weekend
Japan reported softer price pressures and a June flash manufacturing PMI that remained below the 50 boom/bust level.There are three main talking points from Europe today: The Tory leadership contest in the UK, the flash PMI, and developments in negotiating the next European Commission.The Canadian dollar has risen in the past four sessions but may struggle ahead of the weekend amid the general consolidative mood.
Read in Seeking Alpha: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Bitcoin Price Breaches $9.6K to Hit 400-Day High
At 18:00 UTC on June 20, bitcoin price broke from a bullish triangle pattern after being held beneath $9,348 for an extended period of time.
Read in CoinDesk: https://apple.news/
Bitcoin Barrels Towards $10k Lifting Crypto Markets to $300 Billion
It has been a fruitful Friday once again as Bitcoin reaches a new 400 day high of $9,800. The move has lifted total crypto market capitalization to its highest level since July 2018 as it touched $300 billion briefly. No Signs of Stopping Many had predicted that bitcoin would falter at the wall of resistance around the $9.6k level. As in previous movements, it ignored all correction calls and pushed even higher topping out at $9.8k a few hours ago according to Tradingview.com. BTC price 1hr
Read in Bitcoinist.net: https://apple.news/
Ethereum briefly gets the spotlight with all the FB, Libra, and Ripple advancements
Ethereum had gone silent with all the mainstream developments happening with Ripple, XRP and Facebook's Libra. However, Ethereum seems to be back in the limelight, although briefly, due to Grayscale announcement. Grayscale announced the launch of trading for Grayscale Ethereum Trust "ETHE" on June 20. With this, ETHE is now available for trading on OTC...
Read in AMBCrypto: https://apple.news/
Japan Watchdog Orders Improvements After Fisco Crypto Exchange 'Violations'
Fisco, owner of the Zaif crypto exchange, is being forced to upgrade its management systems after an investigation by Japan’s financial watchdog.
Read in CoinDesk: https://apple.news/
Bitcoin and gold's price will rise following the impending global financial crisis, says Max Keiser
Max Keiser spoke about macroeconomics and global politics, warning about the impending economic recession and its effects on Gold and Bitcoin, in a recent edition of the Kaiser report. Max Keiser said that Deutsche Bank would be the most likely of the major banks to go bankrupt and will require a bailout, just like the...
Read in AMBCrypto: https://apple.news/
Facebook co-founder says Libra could shift monetary clout to private companies: FT
Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday.
Read in Reuters: https://apple.news/AdevMYc_cR_
CURRENCIES
Dollar in Weak Recovery as Focus Turns to Eurozone PMIs | Action Forex
Dollar recovers mildly today but there is apparently no follow through buying for a turn around. The greenback is still feeling heavy on dovish Fed which opened the door for rate cut at this week’s FOMC meeting. Weakness in Dollar is also apparent in the strength of Gold, which breaches 1400 handle today as rally […] The post Dollar in Weak Recovery as Focus Turns to Eurozone PMIs appeared first on Action Forex.
Read in Action Forex: https://apple.news/
Dollar Keeps Falling After Rate Cut Signal
© Reuters. The dollar kept losing ground to other major currencies on Friday in Asia
Read in Investing.com: https://apple.news/
USDCAD May Decrease Further to $1.3111 Level
USDCAD Price Analysis – June 20 The pullback is inevitable after a particular breakout. Further increase in the bearish momentum will decrease the USDCAD to the demand level of $1.3111. USD/CAD Market Key levels: Supply levels: $1.3367, $1.3493, $1.3648 Demand levels: $1.3207, $1.3111, $1.2977 USDCAD Long-term trend: Bearish USDCAD maintain its bearish movement on the long-term outlook. The pullback observed by the currency pair on June 14 led to the breakup of the $1.3493 level. The bearish
Read in InsideBitcoins: https://apple.news/
Pound to euro exchange rate: Sterling slips - should you buy holiday money today?
THE POUND to euro exchange rate slipped yesterday after GBP hit a one-week high on Wednesday. The drop came as “the Bank of England struck a cautious tone in their latest policy statement,” experts have said. The pound to euro exchange rate fell slightly on Thursday following the Bank of England’s policy statement release. Diminished growth expectations saw GBP drop against the euro despite interest rates staying steady. The ongoing Conservative Party leadership contest which saw Michael Gove
Read in Express: https://apple.news/
Peso firms up for 4th straight day
The Philippine peso extended its winning streak against the US dollar for the fourth straight session on Friday, as dovish Federal Reserve statement signaling more rate cuts weighed on the greenback. The local currency gained 7.5 centavos to close at P51.7:$1 from Thursday’s finish at 51.645. Rizal Commercial Banking Corp. lead economist Michael Ricafort said the more dovish Fed signals of possible rate cuts in 2019 caused a weaker US dollar against major global currencies. According to a report
Read in GMA News Online: https://apple.news/Af-
HEALTH / SCIENCE
Living drug' offers hope to terminal blood cancer patients
Doctors say some lymphoma patients are being completely cured in a way "never been seen before".
Read in BBC News: https://apple.news/AC5e_
Doctors say some lymphoma patients are being completely cured in a way "never been seen before".
Read in BBC News: https://apple.news/AC5e_
7 health habits you can use to build energy and get more done every dayI try to establish habits that make the right decisions the defaults. I want to share my daily health habits — simple practices that help me build energy
Read in Ladders: https://apple.news/
How much coffee is too much?
Drinking more than six cups of coffee a day, compared with just one or two cups, was associated with 22% increased odds of cardiovascular disease in a new study.
Read in CNN: https://apple.news/
Axios Vitals: Hospital corporatization — Surprise billing proposals — Why CVS fears AmazonGood morning from Colorado, where I'm at Aspen Ideas: Health, a festival organized by the Aspen Institute. Say hello if you're here as well!
Read in Axios: https://apple.news/Anc-
What Is a High Deductible Health Plan (HDHP)?
An HDHP can help alleviate the problem of pricey monthly premiums, but they come with their own set of risks as well. Whether looking for a health insurance plan via your employer or the government marketplace, you've got a lot of decisions to make. Your decision on what plan to go with will involve both what you can afford and what you choose to spend on. Normally, this comes down to whether you would rather put money toward your monthly premiums, or more toward your deductible. That's where a
Read in TheStreet: https://apple.news/AOGl-
USA / CANADA
US called off retaliatory strike against Iran in last minute: source
The Trump administration made a last-minute decision to call off retaliatory strikes against Iran in response to the downing Thursday of a Navy drone that Washington said was over international airspace, a source told Fox News early Friday.
Read in Fox News: https://apple.news/AdWM_
The US economy could enter a 'mild' recession in 2020, investor says
Investors are expecting the U.S. Federal Reserve to cut interest rates in the coming months to boost the American economy.
Read in CNBC: https://apple.news/
USMCA trade deal must get by passed by Congress this summer: Peter Navarro
White House trade adviser Peter Navarro is urging Congress to pass the USMCA deal by the summer to reduce the trade deficit and boost American jobs.
Read in Fox Business: https://apple.news/ABpqPnZ1_S_
First-time homebuyers are getting squeezed out by investors
The pool of smaller, affordable starter houses is low. And the market for these first-time home purchases is increasingly being driven by investors who help push prices out of reach.
Read in NPR: https://apple.news/
EMERGING MARKETS
Mexican president slams 'failure' of energy reform, defends economic record
Mexican President Andres Manuel Lopez Obrador on Thursday renewed his attacks on his predecessor's opening of the oil and gas industry to private investment, saying that no more contracts would be awarded unless companies produced results.
Read in Reuters: https://apple.news/
Why Venezuela Needs Russia
Taylor Valley Security, Americas Moscow hopes Caracas will pay off its debts and be an enduring geostrategic location for Russian influence. As Venezuela descends deeper into crisis and America and European Union continue to condemn the dictatorship, Russia remains firmly in the pro-Nicolás Maduro camp. With inflation at over 300,000 percent and domestic instability at its breaking point, Venezuela is not a likely bet for international investors. Despite grim prospects, the Russo-Venezuelan
Read in The National Interest: https://apple.news/
Venezuelan Opposition Scrambles in Wake of Humanitarian Aid Scandal
An opposition-oriented website uncovered a $125,000 corruption scandal involving associates of Venezuelan opposition leader and self-declared president Juan Guaidó. Independent journalist Dan Cohen tracked down the details of this story
Read in The Real News: https://apple.news/
US Senator Condemns Putin's Complicit Role in Venezuela
US Sen. Rick Scott (R-FL) blasted Russian President Vladimir Putin’s support for Nicolás Maduro’s regime in Venezuela, saying on June 20 that the Russian president is a "co-conspirator" in Maduro's human rights abuses.
Read in Atlantic Council: https://apple.news/
From Imitation To Innovation: Emerging Markets' Technology Journey
We see a huge amount of innovation and proprietary knowledge coming through from emerging markets.Innovative companies are turning previous structural weaknesses into strengths.Today, e-commerce makes up a far higher percentage of retail sales in China than in the United States.
Read in Seeking Alpha: https://apple.news/AS5N-U-
The Fed's decision to hold rates takes a big concern off the table for overlooked markets outside the US
AP Photo/Susan Walsh The Federal Reserve's decision to hold interest rates steady was good news for emerging markets, according to analysts. Lower rates would help boost capital flows to developing regions. This would in turn weaken the dollar and help developing countries. Read more on Markets Insider.
Read in My San Antonio: https://apple.news/
How the Fed's dovish turn on interest rates could unleash emerging market rally
Rate cut would offer other central banks chance to cut, too. But they would 'have to have a good technical rationale … and (not just hope) for the best'
Read in Financial Post: https://apple.news/A-
MIDDLE EAST
Exclusive: Exxon's $53 billion Iraq deal hit by contract snags, Iran tensions - sources
Just weeks ago, U.S. energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq's oil output at its southern fields, a milestone in the company's ambitions to expand in the country.
Read in Reuters: https://apple.news/
Iran's U.N. Ambassador: U.S. Escalating Hostilities Like A 'Knife Under Your Throat'
In an interview with NPR, Majid Takht Ravanchi also denied responsibility for the attack on two tankers last week and steadfastly maintained that Iran is not interested in war.
Read in NPR: https://apple.news/
US briefing: Iran strikes 'cancelled', arms sales to Saudi and ethical investment
Friday’s top story: Trump gave initial approval to retaliatory strikes against Iran but pulled back, according to reports. Plus, the Senate votes to block arms sales to Saudi Arabia Subscribe now to receive the morning briefing by email. Good morning, I’m Mattha Busby with today’s essential stories. Continue reading...
Read in the guardian: https://apple.news/
UK in regular contact with U.S. over Iran, urges de-escalation
Britain is in regular contactwith the United States over the situation in Iran and hascontinuously called for de-escalation on all sides, aspokeswoman for Prime Minister Theresa May said on Friday.
Read in Reuters: https://apple.news/Ai19rc-
Iraq boosts security measures at base where US trainers stay
A top Iraqi air force commander says security measures have been increased at one of the country's largest air bases that houses American trainers, following an attack last week
Read in ABC News: https://apple.news/
AFRICA
Mozambique cuts benchmark rate 100 bps as inflation seen low
Mozambique’s central bank lowered its benchmark monetary policy rate, MIMO, by 100 basis points to 13.25 percent, saying inflation has slowed four months in a row and is expected to remain low and stable in the medium term. It is Bank of Mozambique’s (BM) first rate cut this year but the rate has now been...
Read in FurtherAfrica: https://apple.news/
Zimbabwe: Devolution Should Be Taken As a Country Branding Project
Our Independence Day theme for 2019 was embracing devolution. Devolution is a great and brilliant idea but it means different things to different people. Some think it's the decentralization of power, some think it's the creation of competing economies within the economy and some think it is the funding of cities or provinces by the main government to do projects. Everyone is correct though, but everyone is not looking at devolution as an opportunity to apply what we call , place / city branding
Read in AllAfrica: https://apple.news/
Zimbabwe: High Costs Force Indigenous Miners to Lease Chrome Mines to Chinese
The Zimbabwe Miners Federation (ZMF) says the indigenous miners are leasing the controlling stake of their mines to foreigners because they do not have adequate resources to keep in business while some are selling the mineral to illegal buyers who offer hard currency, among other challenges confronting the sector. Speaking to NewZimbabwe.comBusiness Thursday, ZMF president Henrietta Rushwaya said that lack of capital and adequate mechanisation is pushing miners towards desperate alternatives. "
Read in AllAfrica: https://apple.news/
Zimbabwe: MDC Blasts Govt Over U.S.$1 Million Spend On Anti-Sanctions Lobby
The MDC has slammed President Emmerson Mnangagwa's government for reportedly spending US$1 million in scarce foreign currency to hire a US public relations firm to lobby for the removal of sanctions against the troubled Harare administration. In a statement Thursday, MDC deputy national spokesperson Luke Tamborinyoka said the Zanu PF led government needs to put its priorities right in a country facing massive starvation among poor citizens. This follows reports that the Mnangagwa government
Read in AllAfrica: https://apple.news/
Zimbabwe: Introduction of Zimdollar a Disaster
A major economic highlight of the week was the confirmation by the President Emmerson Mnangagwa that Zimbabwe will re-introduce a local currency before year-end. It is our view that our country is not yet ready for the introduction of full-fledged local currency. This is corroborated by the fact that certain benchmarks that need to be achieved before the local currency can be sustainably introduced in order to anchor the local currency have not yet been attained. These benchmarks include:
Read in AllAfrica: https://apple.news/
Air Zimbabwe to restrict foreign operators to Harare
Air Zimbabwe (UM, Harare Int'l) has proposed restricting foreign carriers to Harare Int'l given concerns their use of Victoria Falls and Bulawayo has cannibalised traffic from the Zimbabwean capital, thereby impacting the state-owned carrier. Speaking to The Sunday Mail newspaper, assistant administrator Tonderayi Mukubvu said restricting Zimbabwe to a single international gateway would force foreign...
Read in FurtherAfrica: https://apple.news/
GE, PowerChina Set to Build $4 Billion Zambia-Zimbabwe Plant
(Bloomberg) -- Zimbabwe and Zambia chose General Electric Co. and Power Construction Corp. of China to build a $4 billion hydropower project straddling their border, Zimbabwean President Emmerson Mnangagwa said.
Sunnybrook Hospital donates 32 incubators to Thrive Project Zimbabwe
It’s difficult to fathom but the sad reality is a staggering number of mothers and babies in Zimbabwe die during birth from causes that are often preventable.
Read in Global News: https://apple.news/
ASIA
Japan ready to pursue flexible fiscal policy to offset economic risks
By Daniel Leussink TOKYO (Reuters) – Japan’s government on Friday signaled its readiness to pursue flexible fiscal spending next year to offset risks to economic growth. The risks to the outlook for the world’s third-largest economy in the wake of rising trade tensions and a growth slowdown globally could add pressure on the government to...
Read in CreaWorldNews: https://apple.news/
US runs risk of backfire with trade war tariffs, Chinese banking chief warns
Just days before the heads of the world’s two biggest economies are expected to meet, China’s top financial regulator has played down the impact of US tariffs on the Chinese economy, saying it was “very limited” and could even backfire on the United…
Read in South China Morning Post: https://apple.news/
Analyst who made correct call on China’s market this year now favours Chinese government bonds over stocks
China’s bonds will outperform stocks in the following year as growth in the world’s second-largest economy shows no signs of bottoming out, according to an analyst who correctly predicted the gyration on Chinese equities this year. China will struggle to…
Read in South China Morning Post: https://apple.news/
GLOBAL MARKETS-Asian stocks fail to catch Wall St's Fed cheer as trade angst dominates
* Asian stock markets:
Read in Reuters: https://apple.news/AC4-
India steel ministry seeks higher duties to deter Chinese imports -document
* Seeks immediate increase in import duty on finished steelto 15%
Read in Reuters: https://apple.news/As4_kj_
EUROPE
Brexit Brief: Frontrunner Johnson and “underdog” Hunt face off to succeed May as PM
The Conservative leadership contest is entering its final phase
Read in MarketWatch: https://apple.news/Aa_
Brexit uncertainty is like a 'purgatory': MBMG
Paul Gambles of MBMG Group says a no-deal Brexit is nothing like the drama that it is being painted as. He also says a second referendum would be the "worst" outcome.
Read in CNBC: https://apple.news/
Five Steps Every SME Should Take As The Chances Of No Deal Increase
Boris Johnson's lead in the race to become Prime Minister increases the chances of a no-deal Brexit. Small businesses must be prepared
Read in Forbes: https://apple.news/
Europe’s corporate bond market soars on ECB re-entry bets
LONDON (Reuters) – Bond investors have sent Europe’s 1.7 trillion euro ($1.92 trillion) corporate debt market spiraling to record highs this week, betting the sector will be a prime beneficiary should the European Central Bank revive its asset purchase program. Government bonds have rallied hard since Tuesday when ECB president Mario Draghi surprised investors by...
Read in CreaWorldNews: https://apple.news/
Italy playing a delicate dance with EU, ex-Greek finance minister says
Former Greek Finance Minister George Papaconstantinou discusses his country's upcoming snap election and Italy's political situation.
Read in CNBC: https://apple.news/
EU leaders push for eurozone budget funding solutions
European Union leaders are gathering to discuss creating a budget for the 19 member states that use the euro, a move that could help stabilize the economy and strengthen the currency
Read in ABC News: https://apple.news/
Doomed: How There's No Way Out Of The Debt Crisis For Italy
It's on course to spark an existential crisis for Europe's single currency area.
Read in Forbes: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Sunday 6/23/19 did update on the indicative rates Sell Rate 1190
The currency auction is 224,453,272
There are 2 news and announcements. from CBI
The prices of bullion and gold coins to be sold on Tuesday, 2019/6/25
June 23, 2019
June 23, 2019
The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks
The Central Bank of Iraq announced the start of the establishment of private insurance company Takaful.
June 23, 2019T
The Central Bank of Iraq announced the start of the establishment of private insurance company Takaful.
June 23, 2019T
The Central Bank of Iraq announced the start of the establishment of the insurance company Takaful Islamic banks in cooperation with the Board of Insurance with a capital of (15) billion dinars with the participation of all Islamic banks.
The Central Bank issued the company's Takaful controls according to the standards of the Islamic Financial Services Board (IFSB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), considering that the Takaful Insurance Company represents the second strategic objective of the comprehensive strategic plan of this bank in the development of Islamic banking industry and transactions, (2016-2020).
The Central Bank issued the company's Takaful controls according to the standards of the Islamic Financial Services Board (IFSB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), considering that the Takaful Insurance Company represents the second strategic objective of the comprehensive strategic plan of this bank in the development of Islamic banking industry and transactions, (2016-2020).
The central bank said the move would pave the way for its recent move to Islamic capital markets through the issuance of the Investment Sukuk Act to complement the Islamic economy in Iraq.
It is noteworthy that this company is subject to the Regulation of Insurance Acts No. 10 of 2005 and the Islamic Banks Law No. (43) for the year 2015.
Central Bank of Iraq
information Office
23 June 2019
It is noteworthy that this company is subject to the Regulation of Insurance Acts No. 10 of 2005 and the Islamic Banks Law No. (43) for the year 2015.
Central Bank of Iraq
information Office
23 June 2019
Ency Iraq Article: The Central Bank is establishing the Takaful Insurance Company for Islamic Banks
Editorial date:: 2019/6/23 11:12 • 133 times read
The Central Bank of Iraq announced on Sunday the start of the establishment of the insurance company Takaful Islamic banks in cooperation with the Board of Insurance and a capital of 15 billion dinars with the participation of all Islamic banks.
"The bank has issued the company's Takaful controls in accordance with the standards of the Islamic Financial Services Board (IFSB) and the AAOIFI," the bank said in a statement. "The Takaful Insurance Company represents the second strategic objective of this comprehensive strategic plan A bank in the development of Islamic banking industry and transactions, for the period between 2016-2020.
"This move will pave the way for its recent move towards Islamic capital markets through the issuance of the Investment Sukuk Act to complement the Islamic economy in Iraq," the bank said.
He pointed out that "this company is subject to the Regulation of Insurance Acts No. 10 of 2005 and the Islamic Banks Law No. 43 of 2015"
"This move will pave the way for its recent move towards Islamic capital markets through the issuance of the Investment Sukuk Act to complement the Islamic economy in Iraq," the bank said.
He pointed out that "this company is subject to the Regulation of Insurance Acts No. 10 of 2005 and the Islamic Banks Law No. 43 of 2015"
Click on link above for latest update.
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
6-23-2019 Newshound Guru MilitiaMan Article: "Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support" Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance...the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !!
6-22-2019 Intel Guru MarkZ Everything looks good this weekend so far...
6-22-2019 Newshound/Intel Guru Mnt Goat Article quote: "...ENTER INTO LEGAL PROBLEMS BECAUSE OF THE BUDGET LAW WHICH THE GOVERNMENT COMMITTED TO COMPLETE AT THE END OF THE 30TH OF THIS MONTH...] More delays have rippling effects downstream. Delays in getting the govt formed out of proxy is now going to delay the budget.
6-22-2019 Newshound/Intel Guru Mnt Goat Article quote: "...ENTER INTO LEGAL PROBLEMS BECAUSE OF THE BUDGET LAW WHICH THE GOVERNMENT COMMITTED TO COMPLETE AT THE END OF THE 30TH OF THIS MONTH...] More delays have rippling effects downstream. Delays in getting the govt formed out of proxy is now going to delay the budget.
6-22-2019 Newshound Guru MilitiaMan Article: "The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company" So they...tell us the Iraq Trade Bank has cut a deal with an Indian Solutions Compnay to provide financial Technology Services to meet requirements of the Bank and other financial institutions in an out of Iraq. In other words internationally. ...the sectors they mention...Oil, Steel, Iron, petrochemicals, fertilizers and dairy operations. All about supporting the future reconstruction efforts once they lift the value like they told us they would. imo.
6-22-2019 Intel Guru Eagleone2025 ...IT LOOKS LIKES THE RV IS LOOKING VERY GOOD NEXT WEEK
6-22-2019 Newshound/Intel Guru David M. Witty Iraqi MP says plans to discuss completing PM's cabinet in today's meeting of Parliament have been postponed since the government has not sent the list of nominees.
6-22-2019 Newshound Guru G-Lin No completion of the cabinet...I'm not surprised. The entire area is too unstable.
6-22-2019 Newshound Guru MilitiaMan Article quote: "The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks" They are clearly laying out what they are doing in regards to reforms and future actions in regard to the IQD exchange rate. They are going to cease the auctions as we have noted over the last few days. They say...that they are to reduce the gap between the official price of the Dollar and the parallel price...imo.
6-22-2019 Intel Guru MarkZ [Any news out of Iraq?] My contacts there are a diplomat with the ministry and a contractor from Australia – they say that they have been sitting waiting for their notification for 3 and a half weeks - they do believe its this week...they tell me to look for Iraq cabinet being fully seated-then the new rate will announce right after that.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.
6-22-2019 Intel Guru Eagleone2025 ...IT LOOKS LIKES THE RV IS LOOKING VERY GOOD NEXT WEEK
6-22-2019 Newshound/Intel Guru David M. Witty Iraqi MP says plans to discuss completing PM's cabinet in today's meeting of Parliament have been postponed since the government has not sent the list of nominees.
6-22-2019 Newshound Guru G-Lin No completion of the cabinet...I'm not surprised. The entire area is too unstable.
6-22-2019 Newshound Guru MilitiaMan Article quote: "The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks" They are clearly laying out what they are doing in regards to reforms and future actions in regard to the IQD exchange rate. They are going to cease the auctions as we have noted over the last few days. They say...that they are to reduce the gap between the official price of the Dollar and the parallel price...imo.
6-22-2019 Intel Guru MarkZ [Any news out of Iraq?] My contacts there are a diplomat with the ministry and a contractor from Australia – they say that they have been sitting waiting for their notification for 3 and a half weeks - they do believe its this week...they tell me to look for Iraq cabinet being fully seated-then the new rate will announce right after that.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.
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
Fouad Hussein arrives in Cairo to attend emergency meeting of Arab finance ministers
2019/6/22 20:39
[Baghdad-where]
Finance Minister Fouad Hussein arrived in Cairo on Saturday to attend the emergency meeting of Arab finance ministers.
"We arrived in Cairo to participate in the emergency meeting of Arab finance ministers," the finance minister said in a tweet on his Twitter page. He added that "the meeting will be held on Sunday."
The Arab finance ministers will hold an emergency meeting on Sunday at the headquarters of the
General Secretariat of the League of Arab States in Cairo to discuss how to provide the financial safety net and support the budget of the Palestinian Authority.
*************
ARTICLE 4
Halabousi and Allawi emphasize the need to resolve the vacant ministries and end the file of the state administration by proxy
2019/6/22 22:21
[Baghdad-where]
President of the House of Representatives Mohamed Halbousi and the National Coalition Iyad Allawi, on the need to resolve the file of vacant ministries and the completion of cabinet cabins, and vote on special grades, and end the file of the State Administration by proxy.
"During the meeting, Al-Halbousi discussed during the meeting the latest political developments in the country, developments in the regional situation and the importance of maintaining internal stability," a statement from the office of the speaker of parliament said.
The statement added that "the two sides discussed the need to activate the work of the House of Representatives during the next phase, and the completion of the late laws, including affecting the lives of citizens in meeting their needs, and monitor the implementation of the government program and the extent of service delivery and the fight against corruption."
*************
ARTICLE 5
Wisdom: The government will not be able to overcome quotas in the completion of the cab and we will miss Abdul Mahdi in the names on the day of voting
2019/6/22 22:18
[Baghdad-where]
The parliamentary bloc of wisdom opposition, the inability of the government to overcome the quota, after the withdrawal of the paragraph to complete the cabinet cab from Saturday's session.
"As we expected, there was no consensus on the inclusion of the ministerial vacancy clause in today's session," the head of the bloc said in a statement, referring to "the confirmation of observations that the quota is prevailing in the formation of the government."
He added that "the government was not able to provide names and excuse because of failure to resolve the procedures of accountability and justice and integrity and verification of some documents and secondary procedures that prevented the names of the names of the parliament."
"We believe that there is still a quota in the distribution of ministerial portfolios and did not select the competent ministers and technocrats and able to manage the important files, most notably the file of the security situation and its decline and the lack of clarity of security plans and the possibility of tracking terrorism."
He pointed out that "the opposition parliamentary wisdom looks forward to providing names capable of advancing the security reality; so we wait for these names and we will verify how to reach and who are the parties behind them."
"The names of candidates for vacant ministries were not known until the moment, and as usual, the prime minister surprises us with the day of voting; to include the names without verifying the validity of the information that confirms the possibility of these personalities to the leadership," and demanded Abdul Mahdi, "in the presence of names before The date of the meeting by 48 hours. "
He revealed that "next Tuesday's session will be devoted to the completion of the cabinet cabins, and if not completed we will go to next week," pointing out that "we will follow and monitor the names and how to reach them and whether they actually came from the choices of competent personalities and able to promote the reality as promised by the Speaker of Parliament, The influential political blocs in the formation of the government. "
The House of Representatives announced the completion of the ministerial cabinet and the termination of the special grades of the agency within the agenda on Saturday.
A parliamentary source familiar with the {Euphrates News} that the presidency of the parliament decided to lift the paragraphs of the vote on the completion of cabinet cabins and special grades of the agenda of today's session.
The Speaker of the House of Representatives Mohammed Halbousi said during the session that the House of Representatives is still waiting so far to send the government candidates for the vacant positions in the government cab for the purpose of voting on them, adding that the Prime Minister announced that the names of candidates will be sent this week if the completion of the audit.
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