WOTS Friday 7/26/19:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1178.7000 | 1178.1000 | 1178.1000 | | 03:49 |
| USD/VND | | | 23190.0000 | 23190.0000 | 23190.0000 | | 00:21 |
| USD/CNY | | | 6.8804 | 6.8715 | 6.8716 | | 04:05 |
| USD/KWD | | | 0.3037 | 0.3035 | 0.3035 | | 03:48 |
| GBP/USD | | | 1.2459 | 1.2423 | 1.2445 | | 04:05 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14009.0000 | 13968.0000 | 13972.0000 | | 04:05 |
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DC NY Iraq Articles:dd
Baghdad and Erbil announce an important agreement regarding pending files
Release date: 2019/7/26
(Baghdad: Al-Furat News) The Joint High Committee of the Federal Government and the Kurdistan Regional Government met to resolve the outstanding issues between the two governments.
The committee said in a statement received by the {Euphrates News} a copy of it, "under the supervision of the Prime Minister of the Territory and Deputy Prime Minister of the Federal Government for energy to start dialogue on finding just and constitutional solutions to the outstanding issues."
The statement added that "in a friendly atmosphere of purpose and mutual understanding and a sincere structure was discussed on the core files, especially the {file of disputed areas, the file of financial issues and the budget, and the file of oil and gas}."
The statement added that "it was agreed to develop practical mechanisms to discuss the details of the outstanding issues through the formation of technical committees of the relevant ministries under the supervision of the Joint High Committee."
The statement said that "it was decided at the meeting to continue communication between the parties in the direction of finding radical solutions to all constitutional problems outstanding in the interest of all, and is scheduled to meet technical committees in Baghdad next week." is over
The statement added that "in a friendly atmosphere of purpose and mutual understanding and a sincere structure was discussed on the core files, especially the {file of disputed areas, the file of financial issues and the budget, and the file of oil and gas}."
The statement added that "it was agreed to develop practical mechanisms to discuss the details of the outstanding issues through the formation of technical committees of the relevant ministries under the supervision of the Joint High Committee."
The statement said that "it was decided at the meeting to continue communication between the parties in the direction of finding radical solutions to all constitutional problems outstanding in the interest of all, and is scheduled to meet technical committees in Baghdad next week." is over
A serious warning to Iraq of the repercussions of closing the Strait of Hormuz
Release date: 2019/7/26
{International: Al Furat News} Fitch maintained Iraq's credit rating at {B-}, a risk rating, and a stable outlook.
The agency warned in a statement on Thursday of the repercussions of the outbreak of hostilities leading to the closure of the Strait of Hormuz, Iraq, as it lacks other routes of export of oil in the south.
Fitch estimated that the closure of the strait for a month could result in Iraq losing $ 6.5 billion in oil revenues, or nearly 3 percent of GDP.
The tension in the region, on the evening of July 19, after Iran announced the detention of a British tanker in the strait, "to break the regulations on traffic," hours after a court in Gibraltar, the extension of the detention of an Iranian tanker for 30 days.
According to data from the US Energy Information Administration and the International Energy Agency, 21% of global crude supplies (21 million barrels per day) pass through the Strait of Hormuz.
In 2018, the high price of exporting Iraqi oil 33% led to a budget surplus of about 8% of GDP, after 5 years of deficit, according to the statement.
Iraq, OPEC's second-largest oil producer, has an average production of 4.5 million bpd.
Government debt in Iraq fell to less than 50% of GDP in 2018, compared to 66% of GDP in 2016.
Foreign currency reserves excluding gold were $ 61 billion at the end of 2018, compared with $ 46 billion in 2017.
The external debt service of the Iraqi government ranges from $ 2.5 billion to $ 2.8 billion annually in the period 2019-2021.
Fitch said lower oil prices were triggering a further deterioration in fiscal and balance-of-payments conditions in Iraq between the years 2019-2021.
Iraq, an OPEC member, relies on oil revenues to finance up to 95 percent of the country's expenditure.
And expects the price of Brent crude to be $ 65 a barrel in 2019 and about $ 61 per barrel in the period 2020-2021
Fitch estimated that the closure of the strait for a month could result in Iraq losing $ 6.5 billion in oil revenues, or nearly 3 percent of GDP.
The tension in the region, on the evening of July 19, after Iran announced the detention of a British tanker in the strait, "to break the regulations on traffic," hours after a court in Gibraltar, the extension of the detention of an Iranian tanker for 30 days.
According to data from the US Energy Information Administration and the International Energy Agency, 21% of global crude supplies (21 million barrels per day) pass through the Strait of Hormuz.
In 2018, the high price of exporting Iraqi oil 33% led to a budget surplus of about 8% of GDP, after 5 years of deficit, according to the statement.
Iraq, OPEC's second-largest oil producer, has an average production of 4.5 million bpd.
Government debt in Iraq fell to less than 50% of GDP in 2018, compared to 66% of GDP in 2016.
Foreign currency reserves excluding gold were $ 61 billion at the end of 2018, compared with $ 46 billion in 2017.
The external debt service of the Iraqi government ranges from $ 2.5 billion to $ 2.8 billion annually in the period 2019-2021.
Fitch said lower oil prices were triggering a further deterioration in fiscal and balance-of-payments conditions in Iraq between the years 2019-2021.
Iraq, an OPEC member, relies on oil revenues to finance up to 95 percent of the country's expenditure.
And expects the price of Brent crude to be $ 65 a barrel in 2019 and about $ 61 per barrel in the period 2020-2021
Demanding the withdrawal of the decision to evacuate the elements of the "popular crowd" of the Nineveh Plain
Accusing the prime minister of responding to political pressure
Friday, 26 July 2019 AD Issue No. [14850]
The leader of the "crowd" has promised US sanctions
Baghdad: Fadel Al Nashmi
The affected parties in the "popular crowd" are still in the decision of Prime Minister Adel Abdul-Mahdi to vacate security checks for the "crowd" in the Nineveh Plain, seeking to influence the prime minister and push him back from his decision three days ago, Political figures and leaders in the "crowd" of the province of Nineveh on the list of wanted for corruption and violations of human rights.
Among those leading figures, al-Qaddu promised the commander of the 30th brigade in the crowd, the brother of the deputy for the network component Haneen al-Qaddu, Rayyan al-Chaldani, commander of the 50th Brigade in the crowd, and the two leading their forces in Mosul and the Nineveh Plain areas.
The MP called on the network component Haneen al-Qaddu yesterday, Prime Minister Adel Abdul-Mahdi to cancel the decision.
"The withdrawal of elements from the main checkpoints of the Nineveh Plain is a surprise decision for us," Qaddo told a press conference in the parliament building. "The commander-in-chief of the armed forces was the result of political pressure known by political leaders."
He called on Abdul Mahdi to "cancel this decision to reassure and care for the Nineveh people of the displaced who have just returned to their areas."
Groups close to the "crowd" talk of arrangements between Baghdad and Erbil for Kurdish security forces to return to the Nineveh Plain and talk about new arrangements to restore the status of these areas to what they were before the rise of the "Daqsh" and occupation of those areas in 2014.
"The bombings and kidnappings that took place between 2007 and 2014 in the Nineveh Plain were under the watchful eye of the 5th Brigade of the 2nd Brigade, the Zirvani Brigade and other Peshmerga brigades," Haneen al-Qaddu said. In reference to the lack of acceptance of the mobilization groups the possibility of returning the Kurdish security forces to those areas.
As part of the ongoing pressure on the prime minister to back down, the Shabak groups in the crowd and their allies are expected to take part in a demonstration on Friday against the US sanctions resolution on the four figures and demand that the prime minister rescind the decision to release the " .
Some of the components of the Nineveh Plain met yesterday and condemned the American decision. Sheikh Abdul Hadi Saeed, head of the Senate and Democratic Shabak Gathering, said: "The American decision is a violation of Iraqi sovereignty. We demand that the prime minister rescind his decision to release security measures from the" .
The situation in the Nineveh plain is very difficult and complex in terms of overlapping allegiances and intersections between the various minorities there. In this direction, a source familiar with what is happening in the Nineveh plain confirms that, "Things are very complicated. The Shiite Shiite, the promise of al-Qadu, consists of a mixture of Sunnis, Shiites, Sunni Arabs and Shiites, as well as Christians and Yezidis, so we see that loyalties are fully intertwined, as are the differences between the components of the Nineveh Plain. "
"The Qaddou family, which controls (the 30th Brigade) in the crowd, controls vast areas in Nineveh and controls all the small and large areas in these areas, and there are quite a few population complaints about their actions there," said the source, who preferred not to be named. The source ruled that "the Shabak mobilizer and his leadership easily bow to the decision of Abdul Mahdi, because they are not ready to lose their influence growing and large in the Nineveh plain and the whole of Mosul."
In another regard to the commander of the 50th Brigade in the "crowd" led by Ryan Chaldean, which is also on the US list, the Chaldean Church in a statement issued yesterday, support for the Diwani order issued by Prime Minister Adel Abdul Mahdi, the "popular crowd" early This month. The Chaldean Church declared in a statement "its categorical rejection of the existence of any faction or armed movement bearing the status of a Christian," calling on her sons to engage in the official security services in the Iraqi army and federal police, and Peshmerga forces in the Kurdistan region of Iraq.
"The Church respects the personal decision of individuals to belong to the popular crowd or to political action, but not to form a Christian faction," the statement added.
She pointed out that «the presence of armed factions in the name of Christianity is contrary to the spirituality of the Christian religion, which calls for love, tolerance, forgiveness and peace». The Chaldean Church earlier drew harsh criticism of Reyan Chaldean.
Continuing to disrupt government sessions threatens the presidential compromise
Of the meeting yesterday between Presidents Michel Aoun and Saad Hariri (Dalati and Nahra)
Beirut: Mohammed Choucair
Those who bet that the government's involvement in the "finger biting" game will push its president, Saad Hariri, to reinvigorate government action after approving the referral of the mountain incident to the Justice Council in exchange for stopping the cabinet's detention and preventing it from convening after the fourth week's suspension,
The sources confirmed to Asharq Al-Awsat that the parties' persistence in disrupting the meetings would not only affect the government, but also the "strong covenant" as the government was his first government. He said that Hariri's insistence on inviting the cabinet to convene, Until now, will inevitably test the intentions to find out who stands behind the President of the «Lebanese Democratic Party» MP Talal Arslan in linking the resumption of hearings by referring the mountain incident to the Justice Council.
The source pointed out that the continued disruption of the meetings is a test not only for the position of President Michel Aoun; but for the settlement that was behind his election, especially since many believe that its effects withdraw on the Prime Minister without others, specifically the President of the Republic and the «Free Patriotic Movement» and «Hezbollah» .
In this context, the ministerial sources explain that the disruption of the Council of Ministers means from the point of view of several political parties that extortion by imposing the conditions for the convening does not affect the Prime Minister without others; the first of them the President of the Republic. She added that whoever tries to prevent the cabinet from convening does not target the prime minister and at the same time exempts the president from its consequences, and attributes the reason that its continuation will lead to the encirclement of the covenant and paralyze its ability in cooperation with the government to give,
The same sources believe that the political settlement is not flying towards the promised achievements in one wing; specifically without the wing of the Prime Minister, who will not bow to the game of extortion, and therefore not in the need to resign or I'tikaaf.
In other words, ministerial sources believe that the investment of political settlement and employment to promote the country economically from the commitment to a road map to measure the decisions of the Conference, "Cedar", can be difficult if some want to take from them what suits him. And stresses that such a belief based on selectivity in the implementation of the most prominent headlines in the political settlement, will lead to imbalances within the internal political parties would be asked to question the fate of the "Taif Agreement" in light of the excesses that threaten him.
According to these sources, the internal balance of power, coupled with the surplus power of some parties belonging to Hezbollah's "axis of resistance" and with the direct support of the Syrian regime and also from Iran, allows them to continue to besiege Hariri, : The acceptance of these conditions, or the preparation to overthrow the government, «such a bet will plunge the country into a political adventure where the previous adventures ?!».
The sources confirm that there is no room for these two options in Hariri's calculations, and says that "there is a need to provide the conditions conducive to activating the government's work because this will enable the financial and economic collapse to be stopped. This is an achievement for the era. , As long as there are trying to fabricate obstacles to block the way forward in the project of economic advancement ».
"The continuation of the disruption of the meetings of the Council of Ministers will return negatively to those who continue to besiege the government and will result in a number of repercussions," the sources say, "as those who are on the list of disabling engage in political engagement with the international community, especially if they plan To encircle the President (Progressive Socialist Party) Walid Jumblatt on the one hand, and pressure on the Prime Minister to push him to accept their conditions »on the other hand.
The sources warn of missing the international and regional opportunity given to Lebanon through the Cedar conference.
The sources confirm that most Arab and foreign ambassadors accredited to Lebanon "realize the magnitude of the suffering experienced by the prime minister and show solidarity with him, and see no substitute for him at the present time, unless some aspire to overthrow his government control of the country, which will lead to the siege of Lebanon by The countries in force, in addition to the crisis will go beyond the issue of forming a new government to a crisis that threatens the Lebanese regime as a whole ».
Therefore, depending on the position taken by the President of the Republic to determine the overall course of the situation in Lebanon, "because there is a need to cause a political shock to restore the regularity of the work of institutions," and this is betting on ministerial sources that it is "the time to say the President's speech. The sources believe that President Aoun's initiative to resolve his position is due primarily to the many "jurisprudence" in explaining his view on the insistence of Arslan and those behind him to link the meeting of the Council of Ministers to refer the mountain incident to the Justice Council.
She added that the Director General of Public Security, Major General Abbas Ibrahim was launched in his mediation in the light of the amendments made to it and accompanied by the Minister of State for Presidential Affairs Salim Jerisati, from marketing to the settlement to reconsider the resumption of meetings of the government, and is based on the file of the investigation conducted by the «Information Division» The Internal Security Forces and at the request of Acting Public Prosecutor, Judge Emad Qablan, to the Military Court. "The majority of the parties dealt with this director as having come at the initiative of President Aoun after Nabih Berri was the first to propose it when he met with him, but it later transpired that Jarzati hurried to wash his hands from him, , Which explains the rigidity he showed and shows through his (semi-daily) tweets or through his government representative Saleh al-Gharib, who repeated the same position at his last meeting with the prime minister. " The sources ask: "The validity of what is said that President Aoun was behind this proposal; it was put forward in an attempt to open a gap in the direction of consensus on a settlement, without changing his position in adopting referral of the incident to the Justice Council."
Although the ideas for absorbing the mountain incident did not make any progress that could be established to create a breach that would pave the way for consensus on the way out, the strange minister's statement that the "military court" is the mandatory crossing to the "judicial council" remains within the will, The profile to «العدلي»!
As for Hariri's reluctance to call on the Council of Ministers to convene, it does not mean that he will be distracted from it, especially since this call is consistent with the position of President Berri, who believes that there is a need to activate the government's work. The political circles are waiting for what Hezbollah Secretary General Hassan Nasrallah will say in his speech today on the government situation.
The sources confirmed to Asharq Al-Awsat that the parties' persistence in disrupting the meetings would not only affect the government, but also the "strong covenant" as the government was his first government. He said that Hariri's insistence on inviting the cabinet to convene, Until now, will inevitably test the intentions to find out who stands behind the President of the «Lebanese Democratic Party» MP Talal Arslan in linking the resumption of hearings by referring the mountain incident to the Justice Council.
The source pointed out that the continued disruption of the meetings is a test not only for the position of President Michel Aoun; but for the settlement that was behind his election, especially since many believe that its effects withdraw on the Prime Minister without others, specifically the President of the Republic and the «Free Patriotic Movement» and «Hezbollah» .
In this context, the ministerial sources explain that the disruption of the Council of Ministers means from the point of view of several political parties that extortion by imposing the conditions for the convening does not affect the Prime Minister without others; the first of them the President of the Republic. She added that whoever tries to prevent the cabinet from convening does not target the prime minister and at the same time exempts the president from its consequences, and attributes the reason that its continuation will lead to the encirclement of the covenant and paralyze its ability in cooperation with the government to give,
The same sources believe that the political settlement is not flying towards the promised achievements in one wing; specifically without the wing of the Prime Minister, who will not bow to the game of extortion, and therefore not in the need to resign or I'tikaaf.
In other words, ministerial sources believe that the investment of political settlement and employment to promote the country economically from the commitment to a road map to measure the decisions of the Conference, "Cedar", can be difficult if some want to take from them what suits him. And stresses that such a belief based on selectivity in the implementation of the most prominent headlines in the political settlement, will lead to imbalances within the internal political parties would be asked to question the fate of the "Taif Agreement" in light of the excesses that threaten him.
According to these sources, the internal balance of power, coupled with the surplus power of some parties belonging to Hezbollah's "axis of resistance" and with the direct support of the Syrian regime and also from Iran, allows them to continue to besiege Hariri, : The acceptance of these conditions, or the preparation to overthrow the government, «such a bet will plunge the country into a political adventure where the previous adventures ?!».
The sources confirm that there is no room for these two options in Hariri's calculations, and says that "there is a need to provide the conditions conducive to activating the government's work because this will enable the financial and economic collapse to be stopped. This is an achievement for the era. , As long as there are trying to fabricate obstacles to block the way forward in the project of economic advancement ».
"The continuation of the disruption of the meetings of the Council of Ministers will return negatively to those who continue to besiege the government and will result in a number of repercussions," the sources say, "as those who are on the list of disabling engage in political engagement with the international community, especially if they plan To encircle the President (Progressive Socialist Party) Walid Jumblatt on the one hand, and pressure on the Prime Minister to push him to accept their conditions »on the other hand.
The sources warn of missing the international and regional opportunity given to Lebanon through the Cedar conference.
The sources confirm that most Arab and foreign ambassadors accredited to Lebanon "realize the magnitude of the suffering experienced by the prime minister and show solidarity with him, and see no substitute for him at the present time, unless some aspire to overthrow his government control of the country, which will lead to the siege of Lebanon by The countries in force, in addition to the crisis will go beyond the issue of forming a new government to a crisis that threatens the Lebanese regime as a whole ».
Therefore, depending on the position taken by the President of the Republic to determine the overall course of the situation in Lebanon, "because there is a need to cause a political shock to restore the regularity of the work of institutions," and this is betting on ministerial sources that it is "the time to say the President's speech. The sources believe that President Aoun's initiative to resolve his position is due primarily to the many "jurisprudence" in explaining his view on the insistence of Arslan and those behind him to link the meeting of the Council of Ministers to refer the mountain incident to the Justice Council.
She added that the Director General of Public Security, Major General Abbas Ibrahim was launched in his mediation in the light of the amendments made to it and accompanied by the Minister of State for Presidential Affairs Salim Jerisati, from marketing to the settlement to reconsider the resumption of meetings of the government, and is based on the file of the investigation conducted by the «Information Division» The Internal Security Forces and at the request of Acting Public Prosecutor, Judge Emad Qablan, to the Military Court. "The majority of the parties dealt with this director as having come at the initiative of President Aoun after Nabih Berri was the first to propose it when he met with him, but it later transpired that Jarzati hurried to wash his hands from him, , Which explains the rigidity he showed and shows through his (semi-daily) tweets or through his government representative Saleh al-Gharib, who repeated the same position at his last meeting with the prime minister. " The sources ask: "The validity of what is said that President Aoun was behind this proposal; it was put forward in an attempt to open a gap in the direction of consensus on a settlement, without changing his position in adopting referral of the incident to the Justice Council."
Although the ideas for absorbing the mountain incident did not make any progress that could be established to create a breach that would pave the way for consensus on the way out, the strange minister's statement that the "military court" is the mandatory crossing to the "judicial council" remains within the will, The profile to «العدلي»!
As for Hariri's reluctance to call on the Council of Ministers to convene, it does not mean that he will be distracted from it, especially since this call is consistent with the position of President Berri, who believes that there is a need to activate the government's work. The political circles are waiting for what Hezbollah Secretary General Hassan Nasrallah will say in his speech today on the government situation.
Halbusi and the British ambassador emphasize the need not to drag the region into a dispute that stops international shipping
Release date: 2019/7/26 12:35 • 8 times read
(Baghdad: Al-Furat News) Speaker of the House of Representatives Mohamed Halboussi discussed with the British Ambassador to Iraq John Wilkes the importance of passing the first amendment bill to the law of elections of provincial councils not organized in the province and districts of its No. 12 of 2018 and conduct elections.
"The meeting discussed activating the efforts of the international community and donor countries, including Britain, for reconstruction and investment, working on strategic projects within the British facilities provided to the Iraqi government, and the need to address the bureaucracy and administrative corruption that hinder such a situation," the statement said. Projects, and work to complete the requirements of the return of the displaced to their homes, and stability, and to emphasize the continuation of joint cooperation to eliminate the cells of the organization calling for the terrorist.
On the level of political and security developments in the region, the meeting stressed "the need to reduce the escalation and not drag the region into a conflict that affects the security of international navigation and stop it, and that all work to calm and defuse the crisis to avoid any steps that will lead in the future to further tension."
For his part, Ambassador Wilicks expressed his admiration for the high patriotic spirit of all the Iraqi people and their willingness to go ahead with the national project with a national Iraqi vision, pointing out that this requires additional efforts of the political forces to succeed and achieve results on the ground.
The British ambassador also stressed "the continued cooperation of his country in cooperation with Iraq in all fields, including security and economic," pointing to "the need to support investment and investors, and provide an environment suitable for them, and the protection of investment companies, including oil."
On the level of political and security developments in the region, the meeting stressed "the need to reduce the escalation and not drag the region into a conflict that affects the security of international navigation and stop it, and that all work to calm and defuse the crisis to avoid any steps that will lead in the future to further tension."
For his part, Ambassador Wilicks expressed his admiration for the high patriotic spirit of all the Iraqi people and their willingness to go ahead with the national project with a national Iraqi vision, pointing out that this requires additional efforts of the political forces to succeed and achieve results on the ground.
The British ambassador also stressed "the continued cooperation of his country in cooperation with Iraq in all fields, including security and economic," pointing to "the need to support investment and investors, and provide an environment suitable for them, and the protection of investment companies, including oil."
Al-Rubaie asks oil and finance ministers to reveal the truth of the money disbursed within a week
In the policy of July 26, 2019 26 visits
BAGHDAD / SNA - MP in the alliance of the deputy MP Alaa al-Rubaie asked the oil and finance ministers in the federal government to submit a detailed report on the amount of money spent and oil exports from the Kurdistan region within a period of one week from now, the spring that this claim comes as that wealth and money belongs to the people All of Iraq will not be the monopoly of one party at the expense of another party, returned during the last period of disbursement of funds to Kurdistan without knowledge of the proceeds and the sale of oil from Kurdistan is a state of chaos and administrative disorder brought us into a spiral of political conflict as a result of personal consensus and part of an unknown orientation,
Al-Rubaie count these demands do not represent targeting or challenge to any party or component at all, but is an invitation to the federal government to deal with a high transparency as well as calling for the removal of Iraq's wealth for any favoritism or conflicts or disputes whose political purpose and purpose courting some parties.
Al-Rubaie count these demands do not represent targeting or challenge to any party or component at all, but is an invitation to the federal government to deal with a high transparency as well as calling for the removal of Iraq's wealth for any favoritism or conflicts or disputes whose political purpose and purpose courting some parties.
Kauaihn Iraq Articles:dd
Fitch maintains a credit rating "risk" to Iraq and warns of the closure of Hormuz it
Shafak News / Fitch said that it has maintained Iraq's credit rating at (B-), a degree of risk, and a stable outlook.
Fitch warned in a statement of the repercussions of the outbreak of hostile actions leading to the closure of the Strait of Hormuz, Iraq, because it lacks other routes of export of oil in the south.
Fitch estimated that the closure of the strait for a month could result in Iraq losing $ 6.5 billion in oil revenues, or nearly 3 percent of GDP.
Tensions in the region rose on July 19, after Iran announced the detention of a British oil tanker in the strait, "to break up traffic regulations," hours after a court in Gibraltar announced an extension of the 30-day detention of an Iranian tanker.
According to data from the US Energy Information Administration and the International Energy Agency, 21 percent of global crude supplies (21 million barrels per day) pass through the Strait of Hormuz.
"The tightening of US sanctions against Iran is difficult for Iraq because it depends on Iranian electricity and gas imports as inputs to generate electricity," she said.
In 2018, the high export price of Iraqi oil 33 percent to budget surplus about 8 percent of GDP, after five years of deficit, according to the statement.
Iraq, OPEC's second largest crude producer, has an average production of 4.5 million bpd.
Government debt in Iraq has fallen to less than 50 percent of GDP in 2018, compared with 66 percent of GDP in 2016.
Foreign currency reserves excluding gold were $ 61 billion at the end of 2018, compared with $ 46 billion in 2017.
The external debt service of the Iraqi government ranges from $ 2.5 billion to $ 2.8 billion annually in the period 2019-2021.
Fitch said lower oil prices were triggering a renewed deterioration in fiscal and balance of payments conditions in Iraq between 2019-2021.
Iraq, an OPEC member, relies on oil revenues to finance up to 95 percent of state expenditure.
It expects Brent crude to hit $ 65 a barrel in 2019 and about $ 61 per barrel in 2020-2021.
Pompeo says he would go to Iran 'if that's the call'
Friday، 26 July 2019 12:28 AM
US Secretary of State Mike Pompeo said in a television interview on Thursday that he would go to Iran for talks if it was necessary, amid tensions between Tehran and Washington.
Asked if he would be willing to go to Tehran, Pompeo said in an interview with Bloomberg TV: "Sure. If that's the call, I'd happily go there... I would welcome the chance to speak directly to the Iranian people."
Newspaper: France pays two million dollars to Iraq to try its terrorists in Baghdad
2019-07-26 02:53
Newspaper: France pays two million dollars to Iraq to try its terrorists in Baghdad
A Paris-based Paris-based newspaper reported on Friday that a secret agreement had been signed between the French authorities and the Iraqi government to pay Paris two million dollars for each Frenchman who was tried in Iraq. Baghdad.
"A secret agreement was reached in December 2018 between the French embassy and the French and Iraqi intelligence," the report said, adding that "this agreement without the consent of the Iraqi parliament, to try the French."
A Paris-based Paris-based newspaper reported on Friday that a secret agreement had been signed between the French authorities and the Iraqi government to pay Paris two million dollars for each Frenchman who was tried in Iraq. Baghdad.
"A secret agreement was reached in December 2018 between the French embassy and the French and Iraqi intelligence," the report said, adding that "this agreement without the consent of the Iraqi parliament, to try the French."
"France negotiated to pay two million dollars to each prisoner," the report said, quoting experts.
The newspaper said that "the Kurdish forces in northern Syria, which arrested the French asked Paris 23 dollars a day for each prisoner," pointing out that "France and the International Alliance in general, the transfer of 13 prisoners from Syrian Kurdish territory to Baghdad through Paris."
The Iraqi judiciary sentenced 9 of the 13 Frenchmen to death after being arrested inside Syrian territory and handed over to the Iraqi authorities.
Ali Naji, Alsumaria News, Paris
Fahmi: The request of the judiciary to lift the immunity of any deputy does not represent a conviction
2019-07-26 03:09
MP Raed Fahmi said on Friday that the lifting of the immunity of any deputy on the basis of a judicial request does not represent a conviction but an administrative measure to facilitate the work of the judiciary.
Fahmy said in an interview with Alsumaria News that "the request to lift the immunity of some MPs did not come from a political point of view, but from the judiciary, which means that it is based on documents and documents, so the proof of innocence is through going to the judiciary and the implementation of those charges," noting that " The lifting of immunity does not mean that the convicted MP, but a procedural step will not affect anything negative on the MP, which is to facilitate the work of the judiciary.
MP Raed Fahmi said on Friday that the lifting of the immunity of any deputy on the basis of a judicial request does not represent a conviction but an administrative measure to facilitate the work of the judiciary.
Fahmy said in an interview with Alsumaria News that "the request to lift the immunity of some MPs did not come from a political point of view, but from the judiciary, which means that it is based on documents and documents, so the proof of innocence is through going to the judiciary and the implementation of those charges," noting that " The lifting of immunity does not mean that the convicted MP, but a procedural step will not affect anything negative on the MP, which is to facilitate the work of the judiciary.
Fahmi added that "what we hope is not to be subject to immunity selectively, especially that the House of Representatives placed priority on the fight against corruption," pointing out that "respect for the independence of the judiciary makes us obliged to deal with such requests in a transparent manner away from any sense."
On Monday 22 July 2019, the President of the Supreme Judicial Council, Judge Faik Zaidan, called on the House of Representatives to lift the immunity of its members "accused of corruption cases" during their executive duties, stressing cooperation among all bodies in the field of integrity issues.
A report reveals the secrets of withdrawing the Marines from Iraq
11:20 - 26/07/2019
The United States has taken a decision to bring back the Navi Sills team from Iraq because of the "marked deterioration in order and discipline," according to CNN.
The statement issued by the Joint Task Force in Iraq, the team's behavior made "the leader loses confidence in the team's block on the completion of the tasks."
And Navi Sills, is one of the most powerful and special units of the Special Forces in the US military, the Special Operations Force Primary Navy.
The Navi Sills team was involved in the killing of former al Qaeda leader Osama bin Laden in May 2011 in Abbottabad, eastern Pakistan.
The Joint Task Force commander in Iraq ordered the Silesian team to be relocated to San Diego, California, because of irregular discipline outside the operations, according to the published statement.
A defense official familiar with the case told CNN that the move came because of allegations that the team consumed alcohol after service times, in violation of the general orders issued by the forces involved in foreign campaigns.
US special operations forces in Iraq are helping Iraq fight remnants of a pro-Western organization that is still operating in the region despite the loss of its territory by the terrorist group, according to CNN.
The statement issued by the Joint Task Force in Iraq, the team's behavior made "the leader loses confidence in the team's block on the completion of the tasks."
And Navi Sills, is one of the most powerful and special units of the Special Forces in the US military, the Special Operations Force Primary Navy.
The Navi Sills team was involved in the killing of former al Qaeda leader Osama bin Laden in May 2011 in Abbottabad, eastern Pakistan.
The Joint Task Force commander in Iraq ordered the Silesian team to be relocated to San Diego, California, because of irregular discipline outside the operations, according to the published statement.
A defense official familiar with the case told CNN that the move came because of allegations that the team consumed alcohol after service times, in violation of the general orders issued by the forces involved in foreign campaigns.
US special operations forces in Iraq are helping Iraq fight remnants of a pro-Western organization that is still operating in the region despite the loss of its territory by the terrorist group, according to CNN.
Kauaihn Economic Times:
Asian Markets Rise as China, U.S. Prepare In-Person Trade Negotiations
Stock Markets Jul 24, 2019 02:39 GMT Investing.com - Asian markets rose in morning trade on Wednesday on reports that China and the U.S. will begin in-person trade talks next week. China’s Shanghai Composite and the Shenzhen Component both gained 1.2% by 10:30 PM ET(02:30 GMT). Hong Kong’s Hang Seng Index rose 1.0%. Citing unnamed sources, CNBC reported that U.S. officials will travel to Beijing sometime between Friday and August 1. CNBC further said that Washington is considering rolling back
Read in Investing.com: https://apple.news/
As US-China trade talks resume, how much demand does Beijing have for American farm goods?
With negotiators from China and the United States set to have their first face-to-face talks since May next week, the likelihood of a large Chinese purchase of American agricultural goods appears to be growing. US President Donald Trump met with…
Read in South China Morning Post: https://apple.news/A699KLZ3_
North Korea fires missiles into sea, fresh nuclear talks in doubt
North Korea fired two short-range missiles early on Thursday from its east coast, South Korea's military said, the first missile test since leader Kim Jong Un and U.S. President Donald Trump agreed to revive stalled denuclearization talks.
Read in Reuters: https://apple.news/AM34WJ-
A lot of people in the EU are sick of Brexit: Economist
Simon Baptist of The Economist Intelligence Unit says patience is wearing "very, very thin" in the European Union when it comes to Brexit. He also weighs in on the leadership of incoming U.K. Prime Minister Boris Johnson.
Read in CNBC: https://apple.news/AcrQ_
Boris Johnson Led the Charge for Brexit. Now, as Prime Minister, He Must Deliver It
How Britain's best loved (and most hated) politician got the country's top job
Read in TIME: https://apple.news/
A no-deal Brexit would make UK economy 'permanently smaller': Moody's
Colin Ellis, chief credit officer for EMEA at Moody's, says the risk of Britain crashing out of the EU without a deal has increased.
Read in CNBC: https://apple.news/
EU lawmakers see higher risk of no-deal Brexit with PM Johnson
The European Union lawmakers dealing with Brexit said on Wednesday there was an increased risk of a disorderly British exit from the bloc after Boris Johnson becomes prime minister.
Read in Reuters: https://apple.news/
Portugal will listen to new UK government, priority is to avoid hard Brexit
Portugal will listen carefully to Britain's new government under Prime Minister Boris Johnson, but the priority is to avoid a no deal Brexit, Foreign Minister Augusto Santos Silva said on Wednesday.
Read in Reuters: https://apple.news/
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Today in History
Today in History
Read in ABC News: https://apple.news/
The U.S.-China trade war is to blame for the continuing global slowdown
The first half of the year has been weaker than expected for the global economy, and the main cause is a significant slowdown in manufacturing and trade.
Read in Axios: https://apple.news/
Consolidate your debt in 5 steps
Consolidation may be your best bet for getting a handle on your debt.
Read in MarketWatch: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: Investigations, lawsuits are next after Mueller hearings; Puerto Rico's governor to step down Aug. 2 in face of protests; North Korea fires missiles into sea in apparent pressure tactic
Read in ABC News: https://apple.news/
PRECIOUS-Gold rises on expected economic stimulus
* Strong dollar limits bullion's gains
Read in Reuters: https://apple.news/
Gold, earnings, emerging markets could boost investor returns through year-end
With five months to go and the markets still hanging around record highs, ETF experts are naming their top picks to help investors position themselves going into year-end.
Read in CNBC: https://apple.news/
Yes, the U.S. Exports Oil, but We’re Not Energy Independent
Like Iran, we have a refinery problem.
Read in National Review: https://apple.news/AzRnCAA_
Oil edges higher after data points to big drop in U.S. crude inventories
Oil futures hold modest gains Wednesday after an industry trade group reportedly saw a large drop in U.S. crude inventories and traders awaited official storage data.
Read in MarketWatch: https://apple.news/
Oil steadies after global demand worries spark fall
TOKYO (Reuters) – Oil ticked higher early on Thursday after falling in the previous session as more signs of slowing global growth added to demand concerns, with Middle East tensions underpinning prices. Brent crude futures were up 6 cents at $63.24 a barrel by 0053 GMT, after dropping 1% overnight, falling for the first...
Read in CreaWorldNews: https://apple.news/
Oil advances as markets eye MidEast worries, but weak demand outlook caps gains
Oil prices edged higher on Thursday amid lingering Middle East tensions and after U.S. crude stocks dropped more than expected, but gains were stemmed by a fragile demand outlook amid more signs of slowing global economic growth.
Read in Reuters: https://apple.news/
Platinum Weekly: Substantial ETF Inflows Could Flip The Market Into A Deficit In 2019
Platinum has rebounded well since the start in June, in line with our expectations.The rally in platinum has been underpinned by a marked increase in both speculative and ETF demand.Despite a decline in automotive demand for platinum this year, sustained ETF inflows into platinum could flip the market into a deficit this year.PPLT: Our July target of $83 per share could be tough to materialize considering the narrowing window and a potential appreciation in the dollar. Nevertheless, we continue
Read in Seeking Alpha: https://apple.news/
3 Ex-Bankers in Dallas Plead Guilty to $1.2M Expenses Scam
Prosecutors say a third former bank executive in Texas has pleaded guilty in a $1.2 million expense reimbursement scam involving flights, lavish meals and limousines.
Read in NBC 5 Dallas-Fort Worth: https://apple.news/A_
Deutsche Bank's bad bank a 'pimple on the backside' | DW | 24.07.2019
There were few surprised faces when Deutsche Bank last month announced a major restructuring. A radical reboot has been on the cards for a while after Europe's fourth-largest lender was rocked by one scandal after another and reported four consecutive years of losses. After struggling to recover from the 2008/9 financial crisis, the bank finally admitted it could no longer compete with major American rivals like JPMorgan Chase, Bank of America or Citigroup. The shakeup, it said, would see it
Read in DW: https://apple.news/
Restructuring Deutsche Bank posts $3.45 billion loss
Deutsche Bank says it lost $3.45 billion in the second quarter as the bank booked heavy charges for its sweeping restructuring that will drop 18,000 jobs
Read in ABC News: https://apple.news/
Deutsche Bank’s Long Trading Slump Deepened in Run-Up to Revamp
Just a few weeks into Deutsche Bank AG’s biggest restructuring yet, the complications are already starting.
Read in Bloomberg: https://apple.news/A1W_
Deutsche Bank Faces A Smaller, Poorer Future
Digging into the detail of Deutsche Bank's €3.1bn second-quarter loss reveals a bleak outlook.
Read in Forbes: https://apple.news/
EU urges reforms against multi-billion-euro flow of dirty money
The European Commission said on Wednesday more should be done to counter the multi-billion-euro flow of dirty money in the European Union as major shortcomings have emerged in the way banks and governments handle the issue.
Read in Reuters: https://apple.news/AT1WPp-
Here comes the central-bank punch — and it might not juice stocks much
Central bankers across the world are set to unleash the proverbial punch bowl, and it still may not juice up stock markets very much, according to a new strategy note from Deutsche Bank.
Read in MarketWatch: https://apple.news/Ae0C-FvJ_
Big bank riskiness -- not mergers -- should concern Americans
Without Glass-Steagall, American taxpayers are responsible for losses, as big banks count on the Federal Deposit Insurance Corporation's insurance fund to back up their risky trading activities.
Read in Fox Business: https://apple.news/
Top 5 Things to Know in the Market on ThursdayEconomy Jul 25, 2019 09:24 GMT Investing.com - Here are the top five things you need to know in financial markets on Thursday, July 25: 1. ECB takes spotlight among central bank activity The European Central Bank will announce its monetary policy decision at 7:45 AM ET (11:45 GMT) amid speculation over a cut to its key deposit rate, currently at -0.4%. The likeliest alternative is that President, Mario Draghi signals a cut in September with a change to the bank's guidance. Weak Eurozone business
Read in Investing.com: https://apple.news/
The Fed Is Meeting Next Week. Here’s What That Could Mean for the Stock Market.The market is betting on a rate cut at next week’s FOMC meeting, but even that might not be enough to keep stocks rallying. Any deviation from the Federal Reserve’s dovish path could see a fair amount of those gains reversed, but even in an as-expected rate-cut scenario the devil lies in the details.
Read in Barron's: https://apple.news/AaSopcuV_Q-
Crescenzi: The bond market has a certain worry about things that can benefit the stock marketPIMCO's Tony Crescenzi discusses the global rate picture, and the balancing act the Fed, ECB and other central banks have to consider between fiscal and monetary authorities.
Read in CNBC: https://apple.news/
Treasury yields slip after subdued eurozone dataTreasury yields fall Wednesday morningafter investors see new signs of weakness in the export-dependent eurozone, which is coming under pressure from slowing global trade.
Read in MarketWatch: https://apple.news/AHT_
Treasury yields slip as traders await central bank meetings
U.S. government debt yields fell on Wednesday with traders awaiting monetary policy decisions from major central banks over the next week.
Read in CNBC: https://apple.news/
The Fed will disappoint the market this year, Blackstone's Joseph Zidle predicts
Blackstone's Joseph Zidle believes trouble is lurking in the stock market.
Read in CNBC: https://apple.news/
Day Ahead - Top 3 Things to Watch
Stock Markets Jul 24, 2019 19:32 GMT Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Facebook, Tesla Earnings Impact Tesla (NASDAQ:TSLA) may put a dent in market sentiment tomorrow after the automaker reported a loss that was much wider than what Wall Street was expecting. Revenue also came in light. Tesla said it still looks on track to meet its guidance for vehicle deliveries this year. But shares lost about 10% following the report in after-hours
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Swedish Bitcoin Exchange Negligence Left 300k Users at Risk
Another cryptocurrency exchange bites the dust, as the Swedish exchange QuickBit, confirmed in the press release of a security breach earlier on Monday, which resulted in compromised customer records. It is estimated that 300,000 users were left exposed and anyone online could view sensitive information like passwords and secret keys without any hurdle. QuickBit is...
Read in BlockPublisher: https://apple.news/
Bitcoin Price To Hit $42000 In 2019; $356,000 By 2021: Pantera Capital
Bitcoin price action could hit a massive $42,000 figure by the end of this year, the CEO of crypto investment firm and hedge fund Pantera Capital thinks. Bitcoin Price Trend Line Can Lead To Huge Gains Speaking on the latest episode of the Unchained Podcast on July 23, Dan Morehead said that the firm was sticking by its trusted Bitcoin price analysis to determine future performance. This, he confirmed, includes the possibility of BTC/USD hitting $356,000 in 2021 if its historical compound annual
Read in Bitcoinist.net: https://apple.news/
$280 Million Ethereum Real Estate Bond Seeks to Recapture the Promise of the ICO
A German startup received approval to distribute the country’s first blockchain-based real estate bond to both retail and institutional investors. This offering seeks to recover the “spirit of the ICO”, which democratized access to high-yield investments and interesting projects to anyone.
Read in Forbes: https://apple.news/
3 Stablecoins Enterprise Executives Need To Know And Why
Why stablecoins like Tether, Facebook Libra and Maker Dai are important infrastructure in the crypto markets. What role stablecoins have in the mass adoption of digital assets and what could be their regulatory framework.
Read in Forbes: https://apple.news/
Poor PMI Weighs On Euro Ahead Of ECB
News that US negotiators will be in Shanghai in the first part of next week to resume face-to-face talks was greeted optimistically by the market.The flash PMI from the eurozone disappointed and this is seen bolstering the case for the ECB to act as early as tomorrow on new support for the regional economy.The US dollar is consolidating its push to new highs for the month against the Canadian dollar near CAD1.3165.
Read in Seeking Alpha: https://apple.news/
Trade talks buoy stocks, gloomy data sink euro
Global shares held on to recent gains on Wednesday as the prospect of new China-U.S. trade talks drew a guarded welcome from investors, while dour data on euro zone economic activity hit the euro before a European Central Bank policy meeting.
Read in Reuters: https://apple.news/
Ugandan shilling unchanged as interbank and importer appetite ebbs
The Ugandan shilling wasunchanged on Wednesday amid muted demand activity from bothmerchandise importers and players in the interbank market.
Read in Reuters: https://apple.news/
Currency markets don't pay much attention to geopolitics: DBS
Philip Wee of DBS says currency markets pay more attention to monetary policy rather than geopolitical tensions.
Read in CNBC: https://apple.news/AX-
The price of a U.S. “golden visa” just increased to $900,000
Using cash to obtain a US permanent residency visa is getting more expensive. The EB-5 visa will now cost rich foreigners a minimum investment of $900,000. That's up from $500,000, the requirement set in 1993. It's part of a long-awaited reform. The EB-5—which grants a two-year conditional green card—has been linked to a litany of...
Read in Quartz: https://apple.news/
The economy isn't broken, but Washington sure is trying to fix it
America's economy is in a period of historic prosperity, but you wouldn't know it from Washington's policymaking.
Read in CNN Business: https://apple.news/
A Strong Jobs Market Lends Itself To Consumer Spending
A review of key employment data points paints a clear picture of a strong and stable jobs market.A robust jobs market, coupled with moderately rising wages, bodes well for high levels of consumer confidence.High levels of consumer confidence should lead to strong levels of consumer spending.The consumer and retail sales remain strong.
Read in Seeking Alpha: https://apple.news/
It Is All Over But The Shouting
Today, the Fed's policy rate stands at a range of 2.25-2.50%.The Fed is now less data-dependent.Non-farm payroll employment rose 224,000 in June, surprising analysts.The unemployment rate stands at 3.7%, well below most estimates of the unemployment rate when the economy is at full employment.Small business optimism, although slipping in June, remains at a historically high level.
Read in Seeking Alpha: https://apple.news/
US back in top 5 innovative economies, China climbs to 14th
The United States has reclaimed its ranking in the top five countries in the world for economic innovation, while China climbed from 17th to 14th position in the new list of nearly 130 nations
Read in ABC News: https://apple.news/A-
Play Defense in Stocks and Buy Emerging-Market Bonds, Deutsche Bank Says
It may not pay to fight the Fed. But that shouldn’t stop investors from getting defensive in U.S. equities and playing offense elsewhere, according to Deutsche Bank.
Read in Barron's: https://apple.news/
Petrobel announces new natural gas discovery in Nile Delta
Cairo- Mubasher: The Egyptian Ministry of Petroleum (MOP) announced that Belayim Petroleum Company (Petrobel) has affirmed a new natural gas discovery in El Qaraa area in Nile Delta. Up to 20 million cubic feet is expected to be produced daily …
Read in Mubasher: https://apple.news/
Visa CFO cheers growth in emerging markets and new payment types as company tops expectations
Visa Inc. showed strength in its traditional card-processing business on Tuesday, while talking up big opportunities in new payment forms.
Read in MarketWatch: https://apple.news/
Visa CFO cheers growth in emerging markets and new payment types as company tops expectations
Visa Inc. showed strength in its traditional card-processing business on Tuesday, while talking up big opportunities in new payment forms.
Read in MarketWatch: https://apple.news/
Emerging markets 'are cheap right now': Analyst
The trade war with China is putting new focus on emerging markets, and the risks and rewards for U.S. investors.
Read in Yahoo Finance: https://apple.news/A8gB_ZcNGQ-
Puerto Rico governor set to quit after protests, papers say
Puerto Rico Governor Ricardo Rossello is poised to resign after two weeks of protests drew tens of thousands to the streets of San Juan, according to two of the island’s largest newspapers. His departure would plunge the bankrupt island deeper into uncertainty as it struggles to revive a recession-scarred economy and rebuild from 2017’s devastating Hurricane Maria.
Read in Bloomberg: https://apple.news/
Puerto Rico governor says he is resigning Aug. 2 after weeks of protests over leaked obscene, misogynistic online chats
Puerto Rico governor says he is resigning Aug. 2 after weeks of protests over leaked obscene, misogynistic online chats
Read in ABC News: https://apple.news/
Boursa Kuwait rises at Wednesday’s close
By: Mohamed Farouk Mubasher: Boursa Kuwait’s indices have closed Wednesday’s session higher, following three sessions in red, endorsed by stock accumulation transactions in the Premier Market as well as a slight improvement in trades. The …
Read in Mubasher: https://apple.news/
Iran May Cut Imports from Brazil If Stranded Ships Not Refueled
Iran has asked Brazil to allow refueling of Iranian ships or have Tehran cancel imports worth about $2 billion a year from the Latin American country.
Read in IFP News: https://apple.news/Ak7b-
Iran's president warns foreign powers to keep naval ships out of the Persian Gulf
Britain wants a pan-European military alliance to escort ships in the region after a U.K. flagged tanker was seized by Iran last week.
Read in CNBC: https://apple.news/
Turkey not satisfied by US proposal for a Syria safe zone
Turkey says a new proposal by the United States concerning the creation of a possible "safe zone" in northern Syria is not "satisfactory" and suggested it would launch a new offensive in Syria to secure its border if an agreement is not reached soon
Read in ABC News: https://apple.news/A7f45zhcyQ_
UPDATE 1-Israel to begin gas exports to Egypt within four months -minister
(Adds detail, background)
Read in Reuters: https://apple.news/
Indonesia, UAE firms sign agreements worth $9.7 bln -Indonesian govt
Companies in Indonesia and theUnited Arab Emirates have signed agreements worth a total of$9.7 billion during an official visit of Abu Dhabi crown princeto the Southeast Asian country, the Indonesian government saidon Wednesday.
Read in Reuters: https://apple.news/
Trump vetoes resolutions blocking arms sales to Saudi Arabia, United Arab Emirates
President Trump vetoed three congressional measures Wednesday night that would block U.S. emergency arms sales to Saudi Arabia and the United Arab Emirates. Congress is not expected to have the two-thirds majority needed to override Mr. Trump's vetoes. The president said the resolutions "would weaken America's global competitiveness and damage ...
Read in The Washington Times: https://apple.news/
Zimbabwe: 'RBZ Can Do More to Force Rate Down'
There is significant headroom for the foreign exchange rates to come further down, thereby reining in inflation and speculative price increases, but only if the Reserve Bank of Zimbabwe abides by Government policy to direct half the export earnings it statutorily retains to the interbank market, economists say. The black market foreign exchange rates, which have been the primary drivers of the galloping inflation in the country since September last year, fell below the official interbank
Read in AllAfrica: https://apple.news/A1_
Zimbabwe: Why Zimbabwe Is Running On Empty, Again
Harare Hunger, rocketing inflation, power blackouts, fuel queues - Zimbabwe has been here before, but it's been a decade since things were quite this bad, ever-resilient citizens in the capital, Harare, say. The trigger for a sudden surge in prices came last month, when the US dollar was abandoned as legal tender, 10 years after Zimbabwe ditched its worthless local currency and dollarised as inflation hit 89.7-sextillion percent - that's 20 zeroes. The same ruling party is at the helm now as 10
Read in AllAfrica: https://apple.news/
UPDATE 2-Zimbabwe c.bank eases forex rules for some in bid to improve dollar flows
* Forex holders exempted on domestic transactions
Read in Reuters: https://apple.news/
Zimbabwe: Masvingo Left With Two Months' Grazing Land
The devastating effects of the El Nino induced draught are beginning to take a toll on the country's pastures with Masvingo beef farmers at risk of losing their livestock due to fast depleting grazing land which experts fear could run out in the next two months. Masvingo province is a naturally suitable livestock rearing area owing to its climate which is conducive for cattle. It is a region that carries some of the country's largest cattle herds but the effects of recurrent draughts has left
Read in AllAfrica: https://apple.news/Ahd_
Zimbabwe: Tobacco Farmers Pocket U.S.$460m
Tobacco farmers have been paid the equivalent of US$460 million, using interbank exchange rate, after delivering 233, 6 million kilograms of the golden leaf in the course of the current marketing season, Tobacco Industry and Marketing Board (TIMB) chief executive Dr Andrew Matibiri has said. Dr Matibiri revealed this while giving oral evidence on the state of the tobacco industry before the Parliamentary Portfolio Committee on Lands, Agriculture, Rural Resettlement, Water and Climate chaired by
Read in AllAfrica: https://apple.news/
Zimbabwe: $12 Billion Mining Target Achievable, Says Chitando
Government has embarked on several mining projects including resuscitating mines that have closed shop to achieve the target of $12 billion for the mining sector by 2023 set by President Mnangagwa, Mines and Mining Development Minister Winston Chitando has said. The target is fivefold the $2,7 billion realised in the mining sector in 2017. Addressing Zanu-PF supporters in Mashava over the weekend, Minister Chitando said the increased target was in line with President Mnangagwa's vision of
Read in AllAfrica: https://apple.news/
Zimbabwe: Kombi Operators Raise Fares Following Fuel Price Increases
Commuter transport fares rose by an average 50 Zimbabwe cents on Monday night in tandem with fuel price increases effected by the Zimbabwe Energy Regulatory Authority (ZERA) earlier during the day. The price of diesel rose to 7.19 Zimbabwe dollars per liter, up from 5.84 Zimbabwe dollars per liter, while that of petrol rose from 6.10 dollars per liter to 7.47 per liter. Operators did not increase fares the last time fuel prices went up on July 12. Commuter Abednego Kamhoti, who resides in
Read in AllAfrica: https://apple.news/AdUepS_
Kilduff: Europe and Asia are key as part of the demand picture for the oil marketJohn Kilduff of Again Capital discusses why oil prices have held relatively steady in the face of rising tensions in the Middle East.
Read in CNBC: https://apple.news/Akea8-
Hong Kong Exchange Fund H1 investment income jumps nearly five times - HKMA
Hong Kong's Exchange Fund,which is used to back the Hong Kong dollar, posted investmentincome of HK$170.8 billion ($21.86 billion) in the first half of2019, up nearly five times on the year, the Hong Kong MonetaryAuthority (HKMA) said on Wednesday.
Read in Reuters: https://apple.news/AU_FkgK6RS-
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/
The U.S.-China trade war is to blame for the continuing global slowdown
The first half of the year has been weaker than expected for the global economy, and the main cause is a significant slowdown in manufacturing and trade.
Read in Axios: https://apple.news/
Consolidate your debt in 5 steps
Consolidation may be your best bet for getting a handle on your debt.
Read in MarketWatch: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: Investigations, lawsuits are next after Mueller hearings; Puerto Rico's governor to step down Aug. 2 in face of protests; North Korea fires missiles into sea in apparent pressure tactic
Read in ABC News: https://apple.news/
OIL/COMMODITIES/ENERGY
PRECIOUS-Gold rises on expected economic stimulus
* Strong dollar limits bullion's gains
Read in Reuters: https://apple.news/
Gold, earnings, emerging markets could boost investor returns through year-end
With five months to go and the markets still hanging around record highs, ETF experts are naming their top picks to help investors position themselves going into year-end.
Read in CNBC: https://apple.news/
Yes, the U.S. Exports Oil, but We’re Not Energy Independent
Like Iran, we have a refinery problem.
Read in National Review: https://apple.news/AzRnCAA_
Oil edges higher after data points to big drop in U.S. crude inventories
Oil futures hold modest gains Wednesday after an industry trade group reportedly saw a large drop in U.S. crude inventories and traders awaited official storage data.
Read in MarketWatch: https://apple.news/
Oil steadies after global demand worries spark fall
TOKYO (Reuters) – Oil ticked higher early on Thursday after falling in the previous session as more signs of slowing global growth added to demand concerns, with Middle East tensions underpinning prices. Brent crude futures were up 6 cents at $63.24 a barrel by 0053 GMT, after dropping 1% overnight, falling for the first...
Read in CreaWorldNews: https://apple.news/
Oil advances as markets eye MidEast worries, but weak demand outlook caps gains
Oil prices edged higher on Thursday amid lingering Middle East tensions and after U.S. crude stocks dropped more than expected, but gains were stemmed by a fragile demand outlook amid more signs of slowing global economic growth.
Read in Reuters: https://apple.news/
Platinum Weekly: Substantial ETF Inflows Could Flip The Market Into A Deficit In 2019
Platinum has rebounded well since the start in June, in line with our expectations.The rally in platinum has been underpinned by a marked increase in both speculative and ETF demand.Despite a decline in automotive demand for platinum this year, sustained ETF inflows into platinum could flip the market into a deficit this year.PPLT: Our July target of $83 per share could be tough to materialize considering the narrowing window and a potential appreciation in the dollar. Nevertheless, we continue
Read in Seeking Alpha: https://apple.news/
BANKS/BANKING/CREDIT
3 Ex-Bankers in Dallas Plead Guilty to $1.2M Expenses Scam
Prosecutors say a third former bank executive in Texas has pleaded guilty in a $1.2 million expense reimbursement scam involving flights, lavish meals and limousines.
Read in NBC 5 Dallas-Fort Worth: https://apple.news/A_
Deutsche Bank's bad bank a 'pimple on the backside' | DW | 24.07.2019
There were few surprised faces when Deutsche Bank last month announced a major restructuring. A radical reboot has been on the cards for a while after Europe's fourth-largest lender was rocked by one scandal after another and reported four consecutive years of losses. After struggling to recover from the 2008/9 financial crisis, the bank finally admitted it could no longer compete with major American rivals like JPMorgan Chase, Bank of America or Citigroup. The shakeup, it said, would see it
Read in DW: https://apple.news/
Restructuring Deutsche Bank posts $3.45 billion loss
Deutsche Bank says it lost $3.45 billion in the second quarter as the bank booked heavy charges for its sweeping restructuring that will drop 18,000 jobs
Read in ABC News: https://apple.news/
Deutsche Bank’s Long Trading Slump Deepened in Run-Up to Revamp
Just a few weeks into Deutsche Bank AG’s biggest restructuring yet, the complications are already starting.
Read in Bloomberg: https://apple.news/A1W_
Deutsche Bank Faces A Smaller, Poorer Future
Digging into the detail of Deutsche Bank's €3.1bn second-quarter loss reveals a bleak outlook.
Read in Forbes: https://apple.news/
EU urges reforms against multi-billion-euro flow of dirty money
The European Commission said on Wednesday more should be done to counter the multi-billion-euro flow of dirty money in the European Union as major shortcomings have emerged in the way banks and governments handle the issue.
Read in Reuters: https://apple.news/AT1WPp-
Here comes the central-bank punch — and it might not juice stocks much
Central bankers across the world are set to unleash the proverbial punch bowl, and it still may not juice up stock markets very much, according to a new strategy note from Deutsche Bank.
Read in MarketWatch: https://apple.news/Ae0C-FvJ_
Big bank riskiness -- not mergers -- should concern Americans
Without Glass-Steagall, American taxpayers are responsible for losses, as big banks count on the Federal Deposit Insurance Corporation's insurance fund to back up their risky trading activities.
Read in Fox Business: https://apple.news/
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on ThursdayEconomy Jul 25, 2019 09:24 GMT Investing.com - Here are the top five things you need to know in financial markets on Thursday, July 25: 1. ECB takes spotlight among central bank activity The European Central Bank will announce its monetary policy decision at 7:45 AM ET (11:45 GMT) amid speculation over a cut to its key deposit rate, currently at -0.4%. The likeliest alternative is that President, Mario Draghi signals a cut in September with a change to the bank's guidance. Weak Eurozone business
Read in Investing.com: https://apple.news/
The Fed Is Meeting Next Week. Here’s What That Could Mean for the Stock Market.The market is betting on a rate cut at next week’s FOMC meeting, but even that might not be enough to keep stocks rallying. Any deviation from the Federal Reserve’s dovish path could see a fair amount of those gains reversed, but even in an as-expected rate-cut scenario the devil lies in the details.
Read in Barron's: https://apple.news/AaSopcuV_Q-
Crescenzi: The bond market has a certain worry about things that can benefit the stock marketPIMCO's Tony Crescenzi discusses the global rate picture, and the balancing act the Fed, ECB and other central banks have to consider between fiscal and monetary authorities.
Read in CNBC: https://apple.news/
Treasury yields slip after subdued eurozone dataTreasury yields fall Wednesday morningafter investors see new signs of weakness in the export-dependent eurozone, which is coming under pressure from slowing global trade.
Read in MarketWatch: https://apple.news/AHT_
Treasury yields slip as traders await central bank meetings
U.S. government debt yields fell on Wednesday with traders awaiting monetary policy decisions from major central banks over the next week.
Read in CNBC: https://apple.news/
The Fed will disappoint the market this year, Blackstone's Joseph Zidle predicts
Blackstone's Joseph Zidle believes trouble is lurking in the stock market.
Read in CNBC: https://apple.news/
Day Ahead - Top 3 Things to Watch
Stock Markets Jul 24, 2019 19:32 GMT Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Facebook, Tesla Earnings Impact Tesla (NASDAQ:TSLA) may put a dent in market sentiment tomorrow after the automaker reported a loss that was much wider than what Wall Street was expecting. Revenue also came in light. Tesla said it still looks on track to meet its guidance for vehicle deliveries this year. But shares lost about 10% following the report in after-hours
Read in Investing.com: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Swedish Bitcoin Exchange Negligence Left 300k Users at Risk
Another cryptocurrency exchange bites the dust, as the Swedish exchange QuickBit, confirmed in the press release of a security breach earlier on Monday, which resulted in compromised customer records. It is estimated that 300,000 users were left exposed and anyone online could view sensitive information like passwords and secret keys without any hurdle. QuickBit is...
Read in BlockPublisher: https://apple.news/
Bitcoin Price To Hit $42000 In 2019; $356,000 By 2021: Pantera Capital
Bitcoin price action could hit a massive $42,000 figure by the end of this year, the CEO of crypto investment firm and hedge fund Pantera Capital thinks. Bitcoin Price Trend Line Can Lead To Huge Gains Speaking on the latest episode of the Unchained Podcast on July 23, Dan Morehead said that the firm was sticking by its trusted Bitcoin price analysis to determine future performance. This, he confirmed, includes the possibility of BTC/USD hitting $356,000 in 2021 if its historical compound annual
Read in Bitcoinist.net: https://apple.news/
$280 Million Ethereum Real Estate Bond Seeks to Recapture the Promise of the ICO
A German startup received approval to distribute the country’s first blockchain-based real estate bond to both retail and institutional investors. This offering seeks to recover the “spirit of the ICO”, which democratized access to high-yield investments and interesting projects to anyone.
Read in Forbes: https://apple.news/
3 Stablecoins Enterprise Executives Need To Know And Why
Why stablecoins like Tether, Facebook Libra and Maker Dai are important infrastructure in the crypto markets. What role stablecoins have in the mass adoption of digital assets and what could be their regulatory framework.
Read in Forbes: https://apple.news/
CURRENCIES
Poor PMI Weighs On Euro Ahead Of ECB
News that US negotiators will be in Shanghai in the first part of next week to resume face-to-face talks was greeted optimistically by the market.The flash PMI from the eurozone disappointed and this is seen bolstering the case for the ECB to act as early as tomorrow on new support for the regional economy.The US dollar is consolidating its push to new highs for the month against the Canadian dollar near CAD1.3165.
Read in Seeking Alpha: https://apple.news/
Trade talks buoy stocks, gloomy data sink euro
Global shares held on to recent gains on Wednesday as the prospect of new China-U.S. trade talks drew a guarded welcome from investors, while dour data on euro zone economic activity hit the euro before a European Central Bank policy meeting.
Read in Reuters: https://apple.news/
Ugandan shilling unchanged as interbank and importer appetite ebbs
The Ugandan shilling wasunchanged on Wednesday amid muted demand activity from bothmerchandise importers and players in the interbank market.
Read in Reuters: https://apple.news/
Currency markets don't pay much attention to geopolitics: DBS
Philip Wee of DBS says currency markets pay more attention to monetary policy rather than geopolitical tensions.
Read in CNBC: https://apple.news/AX-
HEALTH / SCIENCE
IRS Issues Guidance On Preventive Care And Health Savings Account Plans
If you’ve grown tired of digging into your wallet to pay for out-of-pocket medical expenses, you might be getting a break. The Internal Revenue Service (IRS) has added care for some chronic conditions to the list of preventive care benefits that may be provided by an HDHP in tandem with an HSA.
Read in Forbes: https://apple.news/AEI1-V-
Those Grueling Workouts May Not Help You Lose Belly Fat, but Here's What Will
If you're trying to lose weight, you're probably doing it to look and feel good, but shedding belly fat, specifically, can also improve your health. "A woman with a waist measurement greater than 35 inches likely has excess visceral fat," Wendy Scinta, MD, MS, a board-certified bariatric physician a ...
Read in POPSUGAR: https://apple.news/
Malawi is testing using wearables to measure kids’ well-being
The field of early childhood development is one of extremes. In rich countries with bountiful resources, policy-makers and experts debate the merits of universalizing pre-kindergarten, or how play can benefit toddlers. In many poor countries, where resources are scarce, the discussion often revolves around reducing infant deaths, or providing kids access to basic services like...
Read in Quartz: https://apple.news/
Who are the smokers that haven't quit?
While average smoking rates have plummeted, some groups have been left behind.
Read in BBC News: https://apple.news/
Why Your Doctor Doesn’t Like Medicare for All
If you demand that your doctors do more work for less money, you’ll have fewer doctors and less access to health care.
Read in National Review: https://apple.news/
Congressional hearing probes Juul's role in youth vaping 'epidemic'
Tobacco opponents and Juul executives are testifying on Capitol Hill this week during a two-day hearing on the company's role in "the youth nicotine epidemic," setting the stage for a clash over whether e-cigarettes should be subject to stronger regulation.
Read in CNN: https://apple.news/AbMynpp-
More than 100 in Massachusetts sickened by foodborne parasite, health officials say
A foodborne parasite has sickened more than 100 people Massachusetts, state health officials said this week.
Read in Fox News: https://apple.news/
Mosquitoes Carrying Deadly Virus Found in New York and Massachusetts
July 24, 2019 Top 5 Health Threats For 2019 A stock image of a mosquito sucking a man's blood. Mosquitoes can carry the EEE virus. Health officials have confirmed the potentially life-threatening Eastern Equine Encephalitis (EEE) virus has been found in mosquitoes in both New York and Massachusetts. New York's Oswego County Health Department said on Tuesday that two mosquitoes taken from a field station at Toad Harbor Swamp in West Monroe tested positive for the EEE virus, Sycaruse.com reported.
Read in Newsweek: https://apple.news/
IRS Issues Guidance On Preventive Care And Health Savings Account Plans
If you’ve grown tired of digging into your wallet to pay for out-of-pocket medical expenses, you might be getting a break. The Internal Revenue Service (IRS) has added care for some chronic conditions to the list of preventive care benefits that may be provided by an HDHP in tandem with an HSA.
Read in Forbes: https://apple.news/AEI1-V-
Those Grueling Workouts May Not Help You Lose Belly Fat, but Here's What Will
If you're trying to lose weight, you're probably doing it to look and feel good, but shedding belly fat, specifically, can also improve your health. "A woman with a waist measurement greater than 35 inches likely has excess visceral fat," Wendy Scinta, MD, MS, a board-certified bariatric physician a ...
Read in POPSUGAR: https://apple.news/
Malawi is testing using wearables to measure kids’ well-being
The field of early childhood development is one of extremes. In rich countries with bountiful resources, policy-makers and experts debate the merits of universalizing pre-kindergarten, or how play can benefit toddlers. In many poor countries, where resources are scarce, the discussion often revolves around reducing infant deaths, or providing kids access to basic services like...
Read in Quartz: https://apple.news/
Who are the smokers that haven't quit?
While average smoking rates have plummeted, some groups have been left behind.
Read in BBC News: https://apple.news/
Why Your Doctor Doesn’t Like Medicare for All
If you demand that your doctors do more work for less money, you’ll have fewer doctors and less access to health care.
Read in National Review: https://apple.news/
Congressional hearing probes Juul's role in youth vaping 'epidemic'
Tobacco opponents and Juul executives are testifying on Capitol Hill this week during a two-day hearing on the company's role in "the youth nicotine epidemic," setting the stage for a clash over whether e-cigarettes should be subject to stronger regulation.
Read in CNN: https://apple.news/AbMynpp-
More than 100 in Massachusetts sickened by foodborne parasite, health officials say
A foodborne parasite has sickened more than 100 people Massachusetts, state health officials said this week.
Read in Fox News: https://apple.news/
Mosquitoes Carrying Deadly Virus Found in New York and Massachusetts
July 24, 2019 Top 5 Health Threats For 2019 A stock image of a mosquito sucking a man's blood. Mosquitoes can carry the EEE virus. Health officials have confirmed the potentially life-threatening Eastern Equine Encephalitis (EEE) virus has been found in mosquitoes in both New York and Massachusetts. New York's Oswego County Health Department said on Tuesday that two mosquitoes taken from a field station at Toad Harbor Swamp in West Monroe tested positive for the EEE virus, Sycaruse.com reported.
Read in Newsweek: https://apple.news/
USA / CANADA
The price of a U.S. “golden visa” just increased to $900,000
Using cash to obtain a US permanent residency visa is getting more expensive. The EB-5 visa will now cost rich foreigners a minimum investment of $900,000. That's up from $500,000, the requirement set in 1993. It's part of a long-awaited reform. The EB-5—which grants a two-year conditional green card—has been linked to a litany of...
Read in Quartz: https://apple.news/
The economy isn't broken, but Washington sure is trying to fix it
America's economy is in a period of historic prosperity, but you wouldn't know it from Washington's policymaking.
Read in CNN Business: https://apple.news/
A Strong Jobs Market Lends Itself To Consumer Spending
A review of key employment data points paints a clear picture of a strong and stable jobs market.A robust jobs market, coupled with moderately rising wages, bodes well for high levels of consumer confidence.High levels of consumer confidence should lead to strong levels of consumer spending.The consumer and retail sales remain strong.
Read in Seeking Alpha: https://apple.news/
It Is All Over But The Shouting
Today, the Fed's policy rate stands at a range of 2.25-2.50%.The Fed is now less data-dependent.Non-farm payroll employment rose 224,000 in June, surprising analysts.The unemployment rate stands at 3.7%, well below most estimates of the unemployment rate when the economy is at full employment.Small business optimism, although slipping in June, remains at a historically high level.
Read in Seeking Alpha: https://apple.news/
US back in top 5 innovative economies, China climbs to 14th
The United States has reclaimed its ranking in the top five countries in the world for economic innovation, while China climbed from 17th to 14th position in the new list of nearly 130 nations
Read in ABC News: https://apple.news/A-
EMERGING MARKETS
Play Defense in Stocks and Buy Emerging-Market Bonds, Deutsche Bank Says
It may not pay to fight the Fed. But that shouldn’t stop investors from getting defensive in U.S. equities and playing offense elsewhere, according to Deutsche Bank.
Read in Barron's: https://apple.news/
Petrobel announces new natural gas discovery in Nile Delta
Cairo- Mubasher: The Egyptian Ministry of Petroleum (MOP) announced that Belayim Petroleum Company (Petrobel) has affirmed a new natural gas discovery in El Qaraa area in Nile Delta. Up to 20 million cubic feet is expected to be produced daily …
Read in Mubasher: https://apple.news/
Visa CFO cheers growth in emerging markets and new payment types as company tops expectations
Visa Inc. showed strength in its traditional card-processing business on Tuesday, while talking up big opportunities in new payment forms.
Read in MarketWatch: https://apple.news/
Visa CFO cheers growth in emerging markets and new payment types as company tops expectations
Visa Inc. showed strength in its traditional card-processing business on Tuesday, while talking up big opportunities in new payment forms.
Read in MarketWatch: https://apple.news/
Emerging markets 'are cheap right now': Analyst
The trade war with China is putting new focus on emerging markets, and the risks and rewards for U.S. investors.
Read in Yahoo Finance: https://apple.news/A8gB_ZcNGQ-
Puerto Rico governor set to quit after protests, papers say
Puerto Rico Governor Ricardo Rossello is poised to resign after two weeks of protests drew tens of thousands to the streets of San Juan, according to two of the island’s largest newspapers. His departure would plunge the bankrupt island deeper into uncertainty as it struggles to revive a recession-scarred economy and rebuild from 2017’s devastating Hurricane Maria.
Read in Bloomberg: https://apple.news/
Puerto Rico governor says he is resigning Aug. 2 after weeks of protests over leaked obscene, misogynistic online chats
Puerto Rico governor says he is resigning Aug. 2 after weeks of protests over leaked obscene, misogynistic online chats
Read in ABC News: https://apple.news/
MIDDLE EAST
Boursa Kuwait rises at Wednesday’s close
By: Mohamed Farouk Mubasher: Boursa Kuwait’s indices have closed Wednesday’s session higher, following three sessions in red, endorsed by stock accumulation transactions in the Premier Market as well as a slight improvement in trades. The …
Read in Mubasher: https://apple.news/
Iran May Cut Imports from Brazil If Stranded Ships Not Refueled
Iran has asked Brazil to allow refueling of Iranian ships or have Tehran cancel imports worth about $2 billion a year from the Latin American country.
Read in IFP News: https://apple.news/Ak7b-
Iran's president warns foreign powers to keep naval ships out of the Persian Gulf
Britain wants a pan-European military alliance to escort ships in the region after a U.K. flagged tanker was seized by Iran last week.
Read in CNBC: https://apple.news/
Turkey not satisfied by US proposal for a Syria safe zone
Turkey says a new proposal by the United States concerning the creation of a possible "safe zone" in northern Syria is not "satisfactory" and suggested it would launch a new offensive in Syria to secure its border if an agreement is not reached soon
Read in ABC News: https://apple.news/A7f45zhcyQ_
UPDATE 1-Israel to begin gas exports to Egypt within four months -minister
(Adds detail, background)
Read in Reuters: https://apple.news/
Indonesia, UAE firms sign agreements worth $9.7 bln -Indonesian govt
Companies in Indonesia and theUnited Arab Emirates have signed agreements worth a total of$9.7 billion during an official visit of Abu Dhabi crown princeto the Southeast Asian country, the Indonesian government saidon Wednesday.
Read in Reuters: https://apple.news/
Trump vetoes resolutions blocking arms sales to Saudi Arabia, United Arab Emirates
President Trump vetoed three congressional measures Wednesday night that would block U.S. emergency arms sales to Saudi Arabia and the United Arab Emirates. Congress is not expected to have the two-thirds majority needed to override Mr. Trump's vetoes. The president said the resolutions "would weaken America's global competitiveness and damage ...
Read in The Washington Times: https://apple.news/
AFRICA
Zimbabwe: 'RBZ Can Do More to Force Rate Down'
There is significant headroom for the foreign exchange rates to come further down, thereby reining in inflation and speculative price increases, but only if the Reserve Bank of Zimbabwe abides by Government policy to direct half the export earnings it statutorily retains to the interbank market, economists say. The black market foreign exchange rates, which have been the primary drivers of the galloping inflation in the country since September last year, fell below the official interbank
Read in AllAfrica: https://apple.news/A1_
Zimbabwe: Why Zimbabwe Is Running On Empty, Again
Harare Hunger, rocketing inflation, power blackouts, fuel queues - Zimbabwe has been here before, but it's been a decade since things were quite this bad, ever-resilient citizens in the capital, Harare, say. The trigger for a sudden surge in prices came last month, when the US dollar was abandoned as legal tender, 10 years after Zimbabwe ditched its worthless local currency and dollarised as inflation hit 89.7-sextillion percent - that's 20 zeroes. The same ruling party is at the helm now as 10
Read in AllAfrica: https://apple.news/
UPDATE 2-Zimbabwe c.bank eases forex rules for some in bid to improve dollar flows
* Forex holders exempted on domestic transactions
Read in Reuters: https://apple.news/
Zimbabwe: Masvingo Left With Two Months' Grazing Land
The devastating effects of the El Nino induced draught are beginning to take a toll on the country's pastures with Masvingo beef farmers at risk of losing their livestock due to fast depleting grazing land which experts fear could run out in the next two months. Masvingo province is a naturally suitable livestock rearing area owing to its climate which is conducive for cattle. It is a region that carries some of the country's largest cattle herds but the effects of recurrent draughts has left
Read in AllAfrica: https://apple.news/Ahd_
Zimbabwe: Tobacco Farmers Pocket U.S.$460m
Tobacco farmers have been paid the equivalent of US$460 million, using interbank exchange rate, after delivering 233, 6 million kilograms of the golden leaf in the course of the current marketing season, Tobacco Industry and Marketing Board (TIMB) chief executive Dr Andrew Matibiri has said. Dr Matibiri revealed this while giving oral evidence on the state of the tobacco industry before the Parliamentary Portfolio Committee on Lands, Agriculture, Rural Resettlement, Water and Climate chaired by
Read in AllAfrica: https://apple.news/
Zimbabwe: $12 Billion Mining Target Achievable, Says Chitando
Government has embarked on several mining projects including resuscitating mines that have closed shop to achieve the target of $12 billion for the mining sector by 2023 set by President Mnangagwa, Mines and Mining Development Minister Winston Chitando has said. The target is fivefold the $2,7 billion realised in the mining sector in 2017. Addressing Zanu-PF supporters in Mashava over the weekend, Minister Chitando said the increased target was in line with President Mnangagwa's vision of
Read in AllAfrica: https://apple.news/
Zimbabwe: Kombi Operators Raise Fares Following Fuel Price Increases
Commuter transport fares rose by an average 50 Zimbabwe cents on Monday night in tandem with fuel price increases effected by the Zimbabwe Energy Regulatory Authority (ZERA) earlier during the day. The price of diesel rose to 7.19 Zimbabwe dollars per liter, up from 5.84 Zimbabwe dollars per liter, while that of petrol rose from 6.10 dollars per liter to 7.47 per liter. Operators did not increase fares the last time fuel prices went up on July 12. Commuter Abednego Kamhoti, who resides in
Read in AllAfrica: https://apple.news/AdUepS_
ASIA
China's tax cuts may be able to offset the cost of trade tariffs, economist says
Tax cuts could support China's economic growth, even if the trade war doesn't ease, according to the chief economist of a Chinese investment banking firm.
Read in CNBC: https://apple.news/
Tax cuts could support China's economic growth, even if the trade war doesn't ease, according to the chief economist of a Chinese investment banking firm.
Read in CNBC: https://apple.news/
Kilduff: Europe and Asia are key as part of the demand picture for the oil marketJohn Kilduff of Again Capital discusses why oil prices have held relatively steady in the face of rising tensions in the Middle East.
Read in CNBC: https://apple.news/Akea8-
Hong Kong Exchange Fund H1 investment income jumps nearly five times - HKMA
Hong Kong's Exchange Fund,which is used to back the Hong Kong dollar, posted investmentincome of HK$170.8 billion ($21.86 billion) in the first half of2019, up nearly five times on the year, the Hong Kong MonetaryAuthority (HKMA) said on Wednesday.
Read in Reuters: https://apple.news/AU_FkgK6RS-
Asian Markets Rise as China, U.S. Prepare In-Person Trade Negotiations
Stock Markets Jul 24, 2019 02:39 GMT Investing.com - Asian markets rose in morning trade on Wednesday on reports that China and the U.S. will begin in-person trade talks next week. China’s Shanghai Composite and the Shenzhen Component both gained 1.2% by 10:30 PM ET(02:30 GMT). Hong Kong’s Hang Seng Index rose 1.0%. Citing unnamed sources, CNBC reported that U.S. officials will travel to Beijing sometime between Friday and August 1. CNBC further said that Washington is considering rolling back
Read in Investing.com: https://apple.news/
As US-China trade talks resume, how much demand does Beijing have for American farm goods?
With negotiators from China and the United States set to have their first face-to-face talks since May next week, the likelihood of a large Chinese purchase of American agricultural goods appears to be growing. US President Donald Trump met with…
Read in South China Morning Post: https://apple.news/A699KLZ3_
North Korea fires missiles into sea, fresh nuclear talks in doubt
North Korea fired two short-range missiles early on Thursday from its east coast, South Korea's military said, the first missile test since leader Kim Jong Un and U.S. President Donald Trump agreed to revive stalled denuclearization talks.
Read in Reuters: https://apple.news/AM34WJ-
EUROPE
A lot of people in the EU are sick of Brexit: Economist
Simon Baptist of The Economist Intelligence Unit says patience is wearing "very, very thin" in the European Union when it comes to Brexit. He also weighs in on the leadership of incoming U.K. Prime Minister Boris Johnson.
Read in CNBC: https://apple.news/AcrQ_
Boris Johnson Led the Charge for Brexit. Now, as Prime Minister, He Must Deliver It
How Britain's best loved (and most hated) politician got the country's top job
Read in TIME: https://apple.news/
A no-deal Brexit would make UK economy 'permanently smaller': Moody's
Colin Ellis, chief credit officer for EMEA at Moody's, says the risk of Britain crashing out of the EU without a deal has increased.
Read in CNBC: https://apple.news/
EU lawmakers see higher risk of no-deal Brexit with PM Johnson
The European Union lawmakers dealing with Brexit said on Wednesday there was an increased risk of a disorderly British exit from the bloc after Boris Johnson becomes prime minister.
Read in Reuters: https://apple.news/
Portugal will listen to new UK government, priority is to avoid hard Brexit
Portugal will listen carefully to Britain's new government under Prime Minister Boris Johnson, but the priority is to avoid a no deal Brexit, Foreign Minister Augusto Santos Silva said on Wednesday.
Read in Reuters: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI Closed on Friday and Saturday
The currency auction is
There are no news and announcements.
Disclosure of the branches of Rafidain Bank covered by obtaining loans to buy apartments in Basmaya
26/07/2019
By ahad8 View Profile View Forum Posts Private Message View Blog Entries View Articles 26/07/2019 10:04 AM | Number of readings:
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Disclosure of the branches of Rafidain Bank covered by obtaining loans to buy apartments in Basmaya
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Disclosure of the branches of Rafidain Bank covered by obtaining loans to buy apartments in Basmaya
Al-Ahed News - Baghdad
Al-Rafidain Bank revealed on Friday its branches covered by loans to buy residential units in the Basmaya residential complex in Baghdad.
The bank's press office said in a statement that "the sections allocated for the granting of loans in Samaya are (Bab al-Sharqi, al-Fardous, al-Amin, al-Mustansir, al-Zahra, "He said.
He added that "it has recently been noticed that there is a great momentum for some of these branches in the submission to the housing unit Lbsmaim other branches are experiencing modest demand," calling on citizens to "not focus on the branch without another in the submission on the housing unit."
He pointed out that "the branches that have been identified are subject to the same conditions and controls in the grant process and do not differ from one branch to another," noting that "the process of granting loans are in accordance with the terms and conditions facilitated to contribute to support housing and address the housing crisis within the government's direction for it." Finished 2
Mesopotamia identifies the branches covered in obtaining secured loans
Release date: 2019/7/26 9:30 • 204 times scheduled
{Baghdad: Al-Furat News} Select Rafidain Bank, its branches covered by obtaining loans to buy housing units in the complex Basmaya housing in Baghdad.
The bank's media office said in a statement received by Al-Furat News, a copy of it, that "the branches allocated for the granting of loans in Sumaya are (Al-Bab Al-Sharqi, Al-Firdous, Al-Amin, Al-Mustansir, Al-Zahra, .
He pointed out that "it has been noted recently that there is a great momentum for some of these branches in the submission on the residential unit of Lashmaya other branches are experiencing a modest demand."
The statement called on citizens not to focus on one branch or another in the application to the housing unit and that the branches identified are subject to the same conditions and controls in the grant process and do not differ from one branch to another.
He added that "the process of granting loans are in accordance with the terms and conditions facilitated to contribute to support housing and address the housing crisis within the government's direction for it."
He pointed out that "it has been noted recently that there is a great momentum for some of these branches in the submission on the residential unit of Lashmaya other branches are experiencing a modest demand."
The statement called on citizens not to focus on one branch or another in the application to the housing unit and that the branches identified are subject to the same conditions and controls in the grant process and do not differ from one branch to another.
He added that "the process of granting loans are in accordance with the terms and conditions facilitated to contribute to support housing and address the housing crisis within the government's direction for it."
The ISX Closed on Friday and Saturday
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
7-25-2019 Intel Guru Delta [Do we need to see the new CBI Governor votes in before the RI?] NO...ALAQ STILL IN CHARGE FOR NOW...
7-25-2019 Intel Guru MarkZ [via PDK] July 25th...would be a great day for an exchange - don’t ya think? I hear a lot of Intel Providers were asked to be quiet this week…I have been under pressure to be quiet… ...We may actually be at the end of our journey...With all the chatter today well may be 800 number day…It very well could be a daytime event today. I really think this weekend is in play ...We have been on edge a long time...but today…I think is a day we should be alert and on edge...I am very excited about what is happening today...
7-25-2019 Newshound Guru Kaperoni This is not speculation. If you go back and look at the last Article IV consultation which might have been in 2016 or 17 they specifically said in there that they should accept article VIII to send a message to the world that Iraq's banking system is open for business...Of course the dinar wasn't in compliance then so they couldn't. The step holding them back was the ability to sustain and manage the currency for 90 days or more and its been 16 17 months now. They have met the criteria. They just need to write the letter...If they want the money and they want the investment. And they want to rebuild they gotta put on the boots and jump across the pond... [Post 2 of 2]
7-25-2019 Newshound Guru Kaperoni [Question: Does the IMF have to invite Iraq into Article VIII or has the invitation been out there since the IMF has been working with Iraq?] ...They are not necessarily "invited" but they are in Article XIV...a developmental put your procedures in place and prove your abilities to manage money and to manage monetary policy. It's at a lesser level than Article VIII...There's no specific time frame but...they're supposed to be 'constantly striving to move into Article VIII'. And they're not going to get the benefits of Article VIII until they do. If they remain in Article XIV the banking system remains closed because it's a risky venture to engage with their banking system. [Post 1 of 2]
7-25-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ: SIGNING OF A NEW AGREEMENT WITH THE US STOCK EXCHANGE ON THE TECHNOLOGY OF TRADING AND DEPOSIT SECURITIES" If they were not going to relist (reinstate) the Iraqi dinar on FOREX then why ...would they be getting all this Nasdaq technology synced up? Trading the ISX on Nasdaq can not happen without the reinstatement of the dinar on FOREX first. Get it? This is a FACT not my opinion. The placeholder for the IQD is already established on FOREX and we are waiting for the rate to pop in.
7-25-2019 Intel Guru MarkZ [via PDK] July 25th...would be a great day for an exchange - don’t ya think? I hear a lot of Intel Providers were asked to be quiet this week…I have been under pressure to be quiet… ...We may actually be at the end of our journey...With all the chatter today well may be 800 number day…It very well could be a daytime event today. I really think this weekend is in play ...We have been on edge a long time...but today…I think is a day we should be alert and on edge...I am very excited about what is happening today...
7-25-2019 Newshound Guru Kaperoni This is not speculation. If you go back and look at the last Article IV consultation which might have been in 2016 or 17 they specifically said in there that they should accept article VIII to send a message to the world that Iraq's banking system is open for business...Of course the dinar wasn't in compliance then so they couldn't. The step holding them back was the ability to sustain and manage the currency for 90 days or more and its been 16 17 months now. They have met the criteria. They just need to write the letter...If they want the money and they want the investment. And they want to rebuild they gotta put on the boots and jump across the pond... [Post 2 of 2]
7-25-2019 Newshound Guru Kaperoni [Question: Does the IMF have to invite Iraq into Article VIII or has the invitation been out there since the IMF has been working with Iraq?] ...They are not necessarily "invited" but they are in Article XIV...a developmental put your procedures in place and prove your abilities to manage money and to manage monetary policy. It's at a lesser level than Article VIII...There's no specific time frame but...they're supposed to be 'constantly striving to move into Article VIII'. And they're not going to get the benefits of Article VIII until they do. If they remain in Article XIV the banking system remains closed because it's a risky venture to engage with their banking system. [Post 1 of 2]
7-25-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ: SIGNING OF A NEW AGREEMENT WITH THE US STOCK EXCHANGE ON THE TECHNOLOGY OF TRADING AND DEPOSIT SECURITIES" If they were not going to relist (reinstate) the Iraqi dinar on FOREX then why ...would they be getting all this Nasdaq technology synced up? Trading the ISX on Nasdaq can not happen without the reinstatement of the dinar on FOREX first. Get it? This is a FACT not my opinion. The placeholder for the IQD is already established on FOREX and we are waiting for the rate to pop in.
7-24-2019 Newshound Guru Kaperoni The rate has not moved...its pegged to the dollar. Monitoring any kind of Forex or other service is a waste of time because it's just reflecting the dollar strengthening or weakening...the only official site for the dinar is CBI. IQ. The Official Rate of the Iraqi dinar is 1190 and as I stated it is pegged. The Market Rate or Street Rate is the rate that the dinar is sold in Iraq which is currently around 1205 within the IMF 2% compliance... [Note: You can always see the CBI's latest reported official rate and market rate for the dinar on the left side of this page.]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website; posted only on Arabic side, not on English side)
Prime Minister Adel Abdul Mahdi sends a cable of condolences on the death of Tunisian President Béji Kayed Sibsi
We received with deep regret and sorrow the news of the death of His Excellency President Béji Kayed Sebsi, President of the sister Republic of Tunisia. On this occasion, we would like to express our deepest condolences and condolences to our brothers and sisters in Tunisia, the Government and the people, and wish them continued progress and a better tomorrow, mercy and forgiveness for the deceased and his family and loved ones.
We belong to Allah and to Him we shall return
Adel Abdul Mahdi
Prime Minister
25-Jul-2019
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-25-2019 around 10 am Eastern
Our security forces have completed the second phase of Operation #WillOfVictory in northern Baghdad. Watch this short video to learn more about the results:
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ARTICLE 3
Baghdad and Arbil agree to continue holding joint meetings to resolve outstanding problems
2019/7/25 21:33
[Arbil-In]
The federal government agreed with the Kurdistan Regional Government on Thursday to continue communication in the direction of finding solutions to all outstanding problems between the parties, while it was decided to meet technical committees in Baghdad next week.
"The High Joint Committee of the Federal Government and the Kurdistan Regional Government of Iraq to resolve outstanding issues between the two governments met today under the supervision of the Prime Minister of the Region and Deputy Prime Minister of the Federal Government for energy to begin dialogue on finding just and constitutional solutions to the outstanding issues."
"In a friendly friendly atmosphere, mutual understanding and honest structure, the main issues were discussed, especially the file of the disputed areas, the file of financial issues, the budget and the file of oil and gas." It was agreed to put in place practical mechanisms to discuss the outstanding issues through the formation of technical committees Relationship under the supervision of the Joint High Committee. "
"It was decided at the meeting to continue communication between the two parties in the direction of finding radical solutions to all constitutional problems outstanding in the interest of all, and is scheduled to meet technical committees in Baghdad next week."
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ARTICLE 4
The government sends the names of six personalities to parliament for appointment with a number of special grades
2019/7/25 15:22
[Baghdad-where]
The General Secretariat of the Council of Ministers has sent a recommendation to the Parliament to vote on the names of candidates for positions of special grades, including the Governor of the Central Bank after approval by the Council of Ministers.
According to the document issued by the Secretariat on Wednesday, July 24, 2019, which was addressed to the Parliament, it included the names of candidates for the positions of special grades, after obtaining the approval of the Council of Ministers on July 23, 2019.
The names are Ali Abdul Amir Allawi for the post of Governor of the Central Bank of Iraq, Salah Nuri Khalaf for the post of Chief of the Financial Control Bureau, Mohammed Abdul Hadi Mohammad Taqi Al Hakim for the post of Advisor to the Prime Minister, Fayadh Hassan Nema for the post of Undersecretary of the Ministry of Oil and Hamid Yunis Saleh Al Zobaie for the post of Undersecretary of the Ministry of Oil , And Adel Karim Kak Ahmed as undersecretary of the Ministry of Industry.
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ARTICLE 5
A deputy announces the suspension of his membership in parliament to protest against the delay of questioning two ministers
2019/7/25 15:25
[Baghdad-where]
MP Yusuf al-Kalabi, on Thursday, suspended his membership in the House of Representatives in protest against the delaying request to question the ministers of finance and oil on the issue of oil revenues from the Kurdistan region.
According to a document issued by his office today, Al-Kalabi said, "I have responded to this work to be the voice of the vulnerable of the Iraqi people, without distinction between one person and another on the basis of religion or doctrine or race or nationality, but all Iraq is home and all its people are my family."
"When I asked for equality between the people and the disclosure of oil money in the region did not target the Iraqi Kurdish people, but the theft of funds in Kurdistan, and when I asked to host ministers from the stakeholders did not mean only to know what the people and what it is.
"I am surprised by the lack of respect for ministers hosted by the Council of Representatives, this means disrespect for the people or at least to underestimate the national voice and reduce it," adding that "the file of non-delivery of oil and imports of border crossings and other resources is one of the most important files as well as unfair distribution of funds between the provinces" .
"I have decided to suspend my membership in the House of Representatives from July 25 until August 1 2019," he said, calling on members of the House of Representatives to support him in this demand.
The MP for a coalition of state law, Mansour al-Baiji, confirmed Thursday, that the continuation of the Minister of Finance to send funds to the Kurdistan region, is a violation of the federal budget law and the wealth of the provinces.
"The parliament voted on the budget this year, which stipulates that 250 thousand barrels per day of oil will be sent to the federal government until the regional share of the budget is sent, but the Kurdistan government did not send one barrel of oil and the Minister of Finance sends money to the region."
Al-Baiji said that "the Minister of Finance is acting in a national way and he works for the Kurdistan region and not for Iraq as a minister of the federal government and this is clear to all through his insistence on sending money despite the lack of commitment of the Kurdistan government to send oil and other imports as stipulated by the federal budget, To "intervene directly to preserve the wealth of other provinces that loot in front of everyone."
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ARTICLE 6
Alwani in the grip of justice in Fallujah
2019/7/25 21:11
[Al-Anbar-In]
The Ministry of Defense announced on Thursday the arrest of the terrorist Abu Abdullah al-Alwani in Karma district in Anbar.
"The detachments of the Military Intelligence Division in the 10th Brigade were able, after careful intelligence information, to arrest one of the leaders of Daqash in Falluja, who was working within the camp of the so-called {Abu Hamza al-Muhajir} And be able to [Abu Abdullah al-Alwani] before
liberation."
"He was arrested with Karma in Anbar."
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