WOTS Saturday 7/27/19:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1180.7000 | 1177.7000 | 1178.1000 | | 15:42 |
| USD/VND | | | 23180.8800 | 23177.4000 | 23177.4000 | | 15:42 |
| USD/CNY | | | 6.8804 | 6.8715 | 6.8716 | | 11:02 |
| USD/KWD | | | 0.3037 | 0.3035 | 0.3035 | | 15:36 |
| GBP/USD | | | 1.2459 | 1.2376 | 1.2445 | | 16:00 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 19:01 |
| USD/IDR | | | 14009.0000 | 13968.0000 | 13972.0000 | | 15:59 |
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DC NY Iraq Articles:dd
Barzani delighted, congratulating Johnson: We can strengthen our cooperation
Editorial date:: 2019/7/27 0:00 • 42 times scheduled
(Baghdad: Al-Furat News) The head of the Kurdistan Regional Government, Barzani pleased, Friday, British Prime Minister-elect, Boris Johnson, on the occasion of assuming office, wishing him success and payment and praising the friendly relations between the Kurdistan region and Britain.
A statement to the Kurdistan Regional Government, "Barzani praised the friendly relations between the Kurdistan region and Britain, and he thanked Boris Johnson for his support for the region." "In particular, I thank him for his support of the Kurdistan region, whether he was the mayor of London or after he became Britain's foreign minister. As friends, we can strengthen our cooperation," the statement said. He added that Barzani "hoped that there would be coordination between the parties to resolve regional and international issues."
Supporters of Tehran in Iraq begin transferring their financial assets to Iran
The Central Bank froze the assets of individuals who were subject to US sanctions
Saturday, 27 July 2019 AD Issue Number [14851]
Iraqis looking at books in Mutanabi Street in Baghdad yesterday (AP)
Baghdad: «Middle East»
Most of the circles close to the figures and the Iraqi authorities associated with the Iranian Revolutionary Guards say that large numbers of them are now feeling a real danger to their interests and the movement of their funds in Iraq and some Arab countries, especially after the US Treasury sanctions that affected four figures, some of whom are known for their close ties to Iran On the grounds of corruption and violations of human rights: the commander of the "Major General 30" in the "popular crowd" in Beniwa, the Shiite network, the promise of al-Qaddu, the Chaldean Christian, the leader of the "50th Brigade" in the "crowd" in Beniwani also, Ryan Chaldean, Former Nofal al-Aakoub and head of the Al-Muhasr bloc Yabia present, Ahmed Jubouri.
The Central Bank of Iraq issued a circular yesterday to the rest of the banks and financial institutions on the lack of financial dealings with the four figures listed on what he called "international sanctions." "Your institutions should know the names on the list of international sanctions on 17-7-2019," the bank said in its circular. He added: "If any name has a deal or account with your institutions, it is frozen and prevent any financial deal with the bank, and prevent access to the currency of the dollar, and provide this bank with all bank accounts and any other information of his own.
A source familiar with the details of what is happening in the circles close to Iran that "some of the figures loyal to Iran are moving strongly these days, to transfer part of its investments and funds to various regions and banks in Iran, to avoid the sanctions expected against them by the US Treasury. The source, who declined to be named, told «Middle East», given the seriousness of the subject, «The atmosphere of anticipation and fear controls the personalities that follow Iran, and got a lot of money in recent years, by investing in the relationship pressure and blackmail Iraqi institutions, On projects and investments are mostly fake. As well as benefited from large-scale oil smuggling operations in Nineveh and Basra.
The source notes that "many of these people are now aware that they are targeted by the American side and will later include a new wave of sanctions and believe that Iran is the only country where their money can be free of US sanctions. Most of the money comes out in different ways, , Because they can not be transferred through official banks ». The US Treasury's targeting of four Ninewa figures (Ahmad al-Jubouri, born in Irqat, Nineveh) marks the start of the serious US-Iranian conflict in Iraq, given that Americans know that Nineveh was increasingly influenced by Iran's groups during and after the war. Organization (Dahesh) ».
Dozens of demonstrators demonstrated in Ninewa yesterday to protest against the position of leaders in the Popular Gathering on the US sanctions list and Prime Minister Adel Abdul Mahdi's decision to issue the brigade's 30 Brigade from the Nineveh plain.
According to the information obtained by Asharq Al-Awsat from reliable Iraqi sources, "there are other American lists on the way. It will reach dozens of Iraqi figures in the Shiite and Sunni areas, including political leaders and leaders of armed factions." The total number of figures that will include US sanctions amount to about 76 ».
Moreover, in light of the government's silence on the sentences issued against the four individuals, as well as the imposition of sanctions against them by the CBI, a government official told Asharq Al-Awsat, asking not to be named or identified, that "the Iraqi authorities have in fact formed a committee A government that includes a number of advisers and experts, to follow up what was issued by the US Treasury, "noting that" an official position will be issued, after the Commission to collect information and the reasons for the American decision. " He explained that «parliament also formed a parliamentary follow-up committee for the same purpose».
The Central Bank of Iraq issued a circular yesterday to the rest of the banks and financial institutions on the lack of financial dealings with the four figures listed on what he called "international sanctions." "Your institutions should know the names on the list of international sanctions on 17-7-2019," the bank said in its circular. He added: "If any name has a deal or account with your institutions, it is frozen and prevent any financial deal with the bank, and prevent access to the currency of the dollar, and provide this bank with all bank accounts and any other information of his own.
A source familiar with the details of what is happening in the circles close to Iran that "some of the figures loyal to Iran are moving strongly these days, to transfer part of its investments and funds to various regions and banks in Iran, to avoid the sanctions expected against them by the US Treasury. The source, who declined to be named, told «Middle East», given the seriousness of the subject, «The atmosphere of anticipation and fear controls the personalities that follow Iran, and got a lot of money in recent years, by investing in the relationship pressure and blackmail Iraqi institutions, On projects and investments are mostly fake. As well as benefited from large-scale oil smuggling operations in Nineveh and Basra.
The source notes that "many of these people are now aware that they are targeted by the American side and will later include a new wave of sanctions and believe that Iran is the only country where their money can be free of US sanctions. Most of the money comes out in different ways, , Because they can not be transferred through official banks ». The US Treasury's targeting of four Ninewa figures (Ahmad al-Jubouri, born in Irqat, Nineveh) marks the start of the serious US-Iranian conflict in Iraq, given that Americans know that Nineveh was increasingly influenced by Iran's groups during and after the war. Organization (Dahesh) ».
Dozens of demonstrators demonstrated in Ninewa yesterday to protest against the position of leaders in the Popular Gathering on the US sanctions list and Prime Minister Adel Abdul Mahdi's decision to issue the brigade's 30 Brigade from the Nineveh plain.
According to the information obtained by Asharq Al-Awsat from reliable Iraqi sources, "there are other American lists on the way. It will reach dozens of Iraqi figures in the Shiite and Sunni areas, including political leaders and leaders of armed factions." The total number of figures that will include US sanctions amount to about 76 ».
Moreover, in light of the government's silence on the sentences issued against the four individuals, as well as the imposition of sanctions against them by the CBI, a government official told Asharq Al-Awsat, asking not to be named or identified, that "the Iraqi authorities have in fact formed a committee A government that includes a number of advisers and experts, to follow up what was issued by the US Treasury, "noting that" an official position will be issued, after the Commission to collect information and the reasons for the American decision. " He explained that «parliament also formed a parliamentary follow-up committee for the same purpose».
Kurdistan PM Congratulates Boris Johnson on Premiership
ERBIL- Kurdistan Region Prime Minister Masrour Barzani has offered his congratulations to Boris Johnson on his election as the new prime minister of the UK, hoping for closer cooperations with him in regional and international subjects.
PM Barzani also wished success for Johnson in his new service, pointing out that the Kurdistan Region and UK have a historic friendship and thanked him for his support to the region, saying that Erbil views him as a reliable source of help.
The Kurdish premier further noted that he is willing to have closer cooperation with his newly elected UK counterpart in the regional and international issues.
Johnson, who previously served as the foreign secretary and mayor of London, succeeded Theresa May as the future premier of the UK after he defeated Jeremy Hunt in the Conservative Party's leadership contest.
Announcement of the results of the breeding appointments of Basra over the weekend
27-07-2019 12:08 AM
Baghdad:
On Thursday (August 1, 2019), the Audit Committee for Basra Education Appointments set a date for the announcement of the results of the education appointments.
The committee chairman Hassan al-Najjar said in a statement that the audit committee completed most of the preliminary results of the appointments of the districts of Faw, Shatt al-Arab and Abu al-Khasib, Qurnah, Madinah,
Indicating that after the announcement of the results will form a committee objections to the receipt of applications for objection for a period of (15) days and then announce the final results.
On Thursday (August 1, 2019), the Audit Committee for Basra Education Appointments set a date for the announcement of the results of the education appointments.
The committee chairman Hassan al-Najjar said in a statement that the audit committee completed most of the preliminary results of the appointments of the districts of Faw, Shatt al-Arab and Abu al-Khasib, Qurnah, Madinah,
Indicating that after the announcement of the results will form a committee objections to the receipt of applications for objection for a period of (15) days and then announce the final results.
Mr. Ammar al-Hakim: Government negligence is one of the reasons for targeting and storming the sit-ins of higher diplomas
Date of release: 2019/7/26 10:49 • 183 times read
(Baghdad: Al-Furat News) The head of the National Wisdom Movement, Mr. Ammar al-Hakim, said that government negligence, ignoring and not listening to the demands of the protesters with high degrees in the center of Baghdad is one of the reasons for targeting them and storming their sit-in,
Mr. Ammar al-Hakim said in a statement received by the agency {Euphrates News} a copy of "the competent security authorities responsible for protecting citizens, especially those who advocate their legitimate rights."
He called on "the legislative and executive authorities to listen to the demands of the protesters and meet them and declare our solidarity with them," stressing "the need to invest their energies promising and equitable efforts of years throughout the years of diligence and perseverance and study to serve this dear homeland."
A number of high school graduates in front of the headquarters of the Ministry of Higher Education and Scientific Research to claim appointments in the center of Baghdad were injured late on Friday night after the storming of a motorcycle driver of the type 'situta' sit-in, it turned out that the leg was drunk, Eloquent number of protesters.
"The security forces took the driver to a nearby police station to investigate him, while the wounded were taken to hospital for treatment," a security source said.
He called on "the legislative and executive authorities to listen to the demands of the protesters and meet them and declare our solidarity with them," stressing "the need to invest their energies promising and equitable efforts of years throughout the years of diligence and perseverance and study to serve this dear homeland."
A number of high school graduates in front of the headquarters of the Ministry of Higher Education and Scientific Research to claim appointments in the center of Baghdad were injured late on Friday night after the storming of a motorcycle driver of the type 'situta' sit-in, it turned out that the leg was drunk, Eloquent number of protesters.
"The security forces took the driver to a nearby police station to investigate him, while the wounded were taken to hospital for treatment," a security source said.
Appoints a new chief of staff who participated in the wars in Iraq and Afghanistan
Published: 27.07.2019 | 05:48 GMT | world News
Appoints a new chief of staff who participated in the wars in Iraq and Afghanistan
Reuters
General Mark Millie
General Mark Millie
The US Senate approved Thursday the appointment of General Mark Millie as chairman of the Joint Chiefs of Staff of the United States Armed Forces, to succeed General Joe Dunford in late September.
Mark Esber swears in oath as defense secretary of America
Mark Esber swears in oath as defense secretary of America
His appointment was approved by 89 votes to one, two days after the appointment of the new defense minister, Mark Esper.
Milli will benefit from a new law adopted in 2017 to double the term of office of chiefs of staff and their aides to ensure military continuity, despite the change of the US administration.
General Mili, 61, a brilliant officer, graduated from Princeton University and participated in several wars, particularly in Iraq and Afghanistan. Danford, who has been appointed to this post by Barack Obama, will succeed in 2015 for two years and Donald Trump will renew him in 2017 for another two-year term.
Kauaihn Iraq Articles:dd
Abadi prefers resorting to the opposition when the state is diverted
Editorial date: 2019/7/27 9:14 • 263 times read
Abadi prefers resorting to the opposition when the state is diverted
The leader of the victory coalition Haider al-Abadi said on Saturday that his coalition will resort to the opposition of the calendar in the event of recording any deviation of the course of the state.
The leader of the victory coalition Haider al-Abadi said on Saturday that his coalition will resort to the opposition of the calendar in the event of recording any deviation of the course of the state.
A statement issued by the office of Abadi received a copy of the {Euphrates News}, that the latter "met with the advanced cadre in the office of Najaf and the Middle Euphrates."
"The importance of preserving the achievements achieved by the victory of the organization to advocate and end sectarian communal and sectarian state, and the state must be for all components of the Iraqi people, and success by making our security forces on the national track, as well as the completion of projects to divide the country."
He called for "preserving the wealth of the country despite all the economic challenges through financial policy according to scientific method, and the success achieved at the level of the external file to establish the best relations with countries on the basis of the policy of neutrality and balance and common interests."
Abadi pointed out that "the support of the state and its institutions if it continues to accumulate successes, but if there is a decline we will be the first political forces that address the error through the opposition opposition approach, which means the reform of any deviation that may occur by state institutions.
"The importance of preserving the achievements achieved by the victory of the organization to advocate and end sectarian communal and sectarian state, and the state must be for all components of the Iraqi people, and success by making our security forces on the national track, as well as the completion of projects to divide the country."
He called for "preserving the wealth of the country despite all the economic challenges through financial policy according to scientific method, and the success achieved at the level of the external file to establish the best relations with countries on the basis of the policy of neutrality and balance and common interests."
Abadi pointed out that "the support of the state and its institutions if it continues to accumulate successes, but if there is a decline we will be the first political forces that address the error through the opposition opposition approach, which means the reform of any deviation that may occur by state institutions.
Deputy to comment on the approval of the US Parliament law "to prevent the destabilization of Iraq"
2019-07-27 05:25
MP Mohammed Shi'a al-Sudani, on Saturday, to approve the US parliament the law "to prevent the destabilization of Iraq."
"The approval by the US House of Representatives of the law to prevent the destabilization of Iraq, is it a new guardianship, or to make Iraq a battleground for neighboring countries," al-Sudani said in a tweet at his official account in Twitter and his Alsumaria News.
"It is only a right word that is meant to be false," he said.
The US House of Representatives passed the majority of the law "Preventing the destabilization of Iraq." "
"The approval by the US House of Representatives of the law to prevent the destabilization of Iraq, is it a new guardianship, or to make Iraq a battleground for neighboring countries," al-Sudani said in a tweet at his official account in Twitter and his Alsumaria News.
"It is only a right word that is meant to be false," he said.
The US House of Representatives passed the majority of the law "Preventing the destabilization of Iraq." "
The Iraqi government succumbed to US pressure to impose sanctions on pro-Iranian leaders
Saturday, July 27, 2019
Iraqi Prime Minister Adel Abdul Mahdi has been forced to comply with US will to confront Iranian influence in his country by revealing concrete measures against some of Iran's friends in Iraq, despite his attempts to disown himself.
Surprisingly, specialized Iraqi authorities have taken urgent decisions against local figures listed on US sanctions lists for suspicious links to Iran, raising widespread concerns among Tehran's allies.
The US Treasury Department has named the former governor of Salah al-Din Ahmad al-Jubouri Abu Mazen, the former governor of Nineveh, Nawfal al-Aakoub, the Christian leader of the Babylonian group in the popular crowd, Ryan Chaldean, and the commander of brigade 30 in the popular crowd. Jaafar al-Hattab, in a sectarian reference to his Shia, was on the sanctions list because of involvement in crimes against human rights and financial corruption that led to humane abuses.
While Adel Abdul Mahdi ordered an armed militia of the Popular Popular Forces, led by a close associate of Iran and controlling the ethnically mixed areas of Nineveh, to stop working immediately, the Central Bank of Iraq directed all government and private banks to freeze the assets of the four Iraqi personalities listed on the US sanctions lists, And to be careful to prevent them from obtaining the dollar currency, threatening offenders with actions up to the closure.
The Central Bank of Iraq, the highest monetary authority in the country, all government and private banks to freeze transactions with Iraqi personalities listed on the list of sanctions and the US Treasury, and told banks to know the names of the characters covered by US sanctions, and freeze their assets and stop dealing with them and prevent them from obtaining On the US currency.
He stressed the need to provide Iraqi banks with any information or financial documents and banking belonging to these personalities.
Senior political sources said: "These actions were taken under the direct guidance of the Iraqi Prime Minister, after receiving a clear American warning."
Iraqi security arrests terror suspect north of Samarra
Saturday, 27 July 2019 01:10 p
Add comments and read reader comments
An Iraqi security source in the province of Salah al-Din said on Friday that a security force arrested a terrorist suspect in northern Samarra district .
The source, who asked not to be named, said that "the force transferred the detainee to the security center for interrogation ."
Will affirm: provincial elections .. "Law on the size of adults"
In the policy of July 27, 2019 16 visits
BAGHDAD / SNG - MP on the mass of the will of the parliamentary Abdul Aoun Abadi, on Friday, that the large political blocs within the House of Representatives separated the provincial elections law on the size, noting that the large blocs are trying to cancel the small blocs.
Abadi said in a statement to SNG, that "the first amendment to the provincial elections law separated on the size of the large political blocs," noting that "the electoral denominator 1,9 benefit large blocs only and eliminate the role of small blocs and gave no room for them."
He pointed out that "the view of the large blocs that the victory of small blocs in a wide impact negatively on the political process," explaining that "the political blocs within the House of Representatives demanded to be 1.4 or 1.7, but did not respond to the large blocs to our demands."
He added that "the large blocs did not hear the small blocs in the House of Representatives and trying to cancel them in the upcoming elections."
Abadi said in a statement to SNG, that "the first amendment to the provincial elections law separated on the size of the large political blocs," noting that "the electoral denominator 1,9 benefit large blocs only and eliminate the role of small blocs and gave no room for them."
He pointed out that "the view of the large blocs that the victory of small blocs in a wide impact negatively on the political process," explaining that "the political blocs within the House of Representatives demanded to be 1.4 or 1.7, but did not respond to the large blocs to our demands."
He added that "the large blocs did not hear the small blocs in the House of Representatives and trying to cancel them in the upcoming elections."
Human Rights calls the House of Representatives to pass the law on the protection of university professors
27-07-2019 12:23 PM
Baghdad
The United Nations High Commissioner for Human Rights in Iraq on Friday called on the Higher Education Committee to intensify its efforts to legislate the law protecting university professors.
The Commission member Anas Akram Mohammed, in a statement received by 'orbit', that the Commission has already matured draft law on the protection of university professors and in coordination with the Union of Iraqi academics and a letter to the Higher Education Committee parliamentary for the purpose of study and cooperation in completing the stages of legislation in accordance with 'mechanisms of the House of Representatives.
He added that the continuous marking and monitoring of cases of repeated assaults on university professors and the latest attack on the home of colleague Dr. Humaid Fadhil al-Tamimi, the president of Mustansiriya University, gives importance to the legislation of the law protecting university professors and the Ministry of Higher Education and Scientific Research. The responsibility of preserving the human resources and scientific and academic competencies of Iraq and thus contribute to ensuring an educational environment that enhances the educational process in Iraq.
He stressed that the High Commission for Human Rights is keen to host and host a coordination workshop that brings together the Association of Academics, the Ministries of Higher and Higher Education, the parliamentary committees concerned with higher education and human and legal rights and a number of competent national and international organizations for the purpose of drafting the law and putting it on the agenda of the House of Representatives at the beginning. His next legislative term at the beginning of September 2019.
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Forex - Dollar Hits 2-Month High on Brexit Woes; GDP Data Eyed
Forex Jul 26, 2019 08:16 GMT Investing.com -- The dollar hit its highest level in two months early Friday in Europe, resuming its upward trend against both the euro and sterling after unconvincing performances on Thursday from both the European Central Bank and the U.K.’s new Prime Minister. The dollar index, which tracks the greenback against a basket of developed-market peers, rose 97.627 during Asian trading and was hovering just below that level 4 AM ET (0800 GMT). That was its highest since
Read in Investing.com: https://apple.news/
WEEKAHEAD-AFRICA-FX-Kenyan currency seen on back foot, Tanzania, Uganda, Zambia's firm
Kenya's currency is likely tocome under pressure against the U.S. dollar next week as thoseof Tanzania, Uganda and Zambia firm.
Read in Reuters: https://apple.news/
U.S. business investment picking up; goods trade deficit narrows
New orders for key U.S.-made capital goods surged in June, but the jump will probably not change expectations that business investment contracted further in the second quarter and contributed to holding back the economy.
Read in Reuters: https://apple.news/
Jobless claims fall to lowest level in more than three months; Labor market still A-OK
The number of people who applied for unemployment benefits last week fell to the lowest level in more than three months, reflecting the persistent strength of a U.S. labor in which layoffs have fallen to the lowest level in decades. Initial jobless claims dropped 10,000 to 206,000 in late July.
Read in MarketWatch: https://apple.news/AVE-
U.S. trade deficit in goods narrows in June
The nominal goods trade deficit narrowed 1.2 % to $74.2 billion in June, the Commerce Department said Thursday.
Read in MarketWatch: https://apple.news/A8A__
Brazil trade secretary sees no impact of Iran shipping impasse
RIO DE JANEIRO (Reuters) – Brazil’s foreign trade secretary Lucas Ferraz said there are no signs that the impasse involving Iranian ships without fuel near Brazilian ports will affect bilateral trade relations. So far, Ferraz said, there has been no impact on Brazilian exports to Iran. The ships, scheduled to bring grains back to Iran,...
Read in CreaWorldNews: https://apple.news/
Brazil GDP to get 0.35 percentage point boost from worker fund stimulus
New measures unveiled by the Brazilian government on Wednesday allowing employees to access cash from worker guarantee funds will be worth 0.35 percentage points to gross domestic product over the next 12 months, the Economy Ministry said on Wednesday.
Read in Reuters: https://apple.news/AcZjiT3E-
Trump says Mexico may put more troops at the border with the U.S.
WASHINGTON (Reuters) - U.S. President Donald Trump, who is seeking to slow the flow of migrants seeking to enter the United States illegally from Mexico, said on Wednesday Mexico may put more troops at the U.S.-Mexican border. Trump made the comment to reporters at the White House before leaving on a trip to West Virginia. (Reporting by Jeff Mason; Writing by Mohammad Zargham; Editing by Tim Ahmann)
Read in Business Insider: https://apple.news/
Senior Mexican lawmaker calls for tax on purchases from Amazon, Uber, other digital platforms
A senior Mexican lawmaker plans to present a bill in Congress to tax purchases on Amazon, Uber and AirBnB and other digital platforms to help fill a multibillion-dollar revenue hole after changes in how state oil company Pemex contributes to government finances.
Read in Reuters: https://apple.news/
‘We Just Changed History’: Cheers and Tears in San Juan
In the streets of San Juan, there was celebration after Gov. Ricardo A. Rosselló of Puerto Rico announced he would resign.
Read in The New York Times: https://apple.news/
This is Puerto Rico's Moment for Real Change
Protesters demanding Governor Ricardo Rosselló’s resignation amassed on July 17 in San Juan as the hashtag #RICKYRENUNCIA gained traction on social networks. When I flew to Puerto Rico in 2017 and looked out at the damage caused by Hurricane Maria, I realized that the island on which I was born and raised would never be the same. The landscapes and topographies I knew so well were gone. I was confident that the island would recover, but I also knew that what would emerge would be something
Read in TIME: https://apple.news/
Foreign Bonds Were Last Week's Leaders As Commodities Plunged
Bonds in emerging and non-US developed markets topped last week's performance profile for the major asset classes, based on a set of exchange-traded funds.The downside bias in most of the world's stock markets last week was a contributing factor that weighed on an ETF-based version of Global Market Index (GMI.F).Bullish momentum remains intact for most of the major asset classes.
Read in Seeking Alpha: https://apple.news/
Negative yields see record euro borrowing from emerging markets
Emerging market borrowers areloading up with record amounts of euro-denominated debt inanticipation of even more deeply negative interest rates andprotracted easy money from the European Central Bank.
Read in Reuters: https://apple.news/
UPDATE 1-Oman receives strong demand for U.S. dollar bonds
(Adds orders, analyst quote)
Read in Reuters: https://apple.news/
IMF Will Either Make Or Break Kahn's Pakistan
IMF's loan to Pakistan came with conditions that, in essence, set the economic policy agenda for the Khan government.
Read in Forbes: https://apple.news/
Iran tanker seizure: Royal Navy frigate to escort UK ships
The move follows the seizure by Iran of a British-flagged tanker in the Strait of Hormuz.
Read in BBC News: https://apple.news/
Al-Husseini: Iran may have painted themselves into a corner
Former Saudi Aramco executive Sadad al-Husseini the energy markets remain well-supplied, but geopolitical issues are becoming more of a concern.
Read in CNBC: https://apple.news/
Cutting fuel subsidies guards Egypt’s budget against oil price changes – IMF
Cairo – Mubasher: Slashing fuel subsidies in Egypt is expected to raise energy efficiency and guard the budget against unprecedented fluctuations in oil prices, the International Monetary Fund’s (IMF) acting managing director and chairman David …
Read in Mubasher: https://apple.news/
Trump vetoes bill blocking arms sales to Saudi Arabia, UAE
Pompeo last month cited threats from Iran as a reason to approve the $8.1 billion arms sale to the two U.S. allies in the Persian Gulf
Read in CBS News: https://apple.news/
Zimbabwe: Govt in Forex Transactions U-Turn
(Photo: allafrica.com) Government has backtracked on the recently enacted Statutory Instrument 142 of 2019 which outlawed multi-currency following its decision to allow fuel companies, embassies, chrome miners, international NGOs and individuals with access to free funds to conduct certain local transactions in foreign currency. Last month, the government deregulated the use of foreign currency for settlement of local payments through a Statutory Instrument 142 of 2019 which established a mono-
Read in AllAfrica: https://apple.news/
Zimbabwe: Zim Dangles Land in Chinese Investors' Faces
Government has offered huge tracts of land in Victoria Falls and other northern parts of the country as it seeks to attract Chinese investors into the tourism sector that has untapped billion dollar potention. The Zimbabwe Special Economic Zones Authority (Zimseza) told a delegation of Chinese investors visiting the country that it has earmarked land for hotels, golf courses and financial services as well as tourism hubs. Zimseza corporate affairs official Tongoona Chitando told Zhejiang
Read in AllAfrica: https://apple.news/
'This is hell': Zimbabweans say economy is worse than ever
Hopes the new president could transform the economy have faded.
Read in ABC News: https://apple.news/Ad_
Why Zimbabwe is running on empty, again
Critics say the crackdown on ‘irregular migration’ violates Turkish and international law.
Read in The New Humanitarian: https://apple.news/
Zimbabwe: Kombi Operators Raise Fares Following Fuel Price Increases
(Photo: New Zimbabwe) 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,
Read in AllAfrica: https://apple.news/AdUepS_
Zimbabwe: Inflation Forces CBZ to Reduce Its Offer to Support Student Grants
Government's move to re-introduce student grants could have hit turbulent waters after a local bank that had promised to support the programme reduced its pledge from 10 times to just double of the seed money availed by authorities citing inflation. State media early this week went to town after government announced the grants that students have demanded for years had been reinstated. Higher and Tertiary Education Minister Amon Murwira was responding to Dzivarasekwa legislator Edwin Mushoriwa,
Read in AllAfrica: https://apple.news/A0ix9aoAzM-
Opinion: Zimbabwe is in crisis because of the President’s broken promises
The country’s current meltdown shows the need for international diplomatic intervention
Read in The Globe and Mail: https://apple.news/AlXA_dbBFO_
A US multinational avoided South African taxes worth twice Johannesburg’s social housing budget
Without knowing it, you’ve probably flown on an airplane owned by Aircastle Limited. The US-based company, which trades on the New York Stock Exchange and is valued at $1.6 billion, leases aircraft to the likes of United, American Airlines, British Airways, easyJet, and KLM. A surprisingly hefty chunk of Aircastle’s business comes from a deal...
Read in Quartz: https://apple.news/
Concerns a US-China talks will lead to a dressed up deal that doesn't address the issues
Tengler Wealth Management's Nancy Tengler on the ECB, the state of the European economy, where the opportunities are in emerging markets, U.S. trade talks with China and the state of the U.S. economy.
Read in Fox News: https://apple.news/AsRouKm_
China's Future Land plans to sell project interests worth up to $2.2 bln
China's Future LandDevelopment Holdings Ltd said on Thursday subsidiarySeazen Holdings Co Ltd plans to sell equity interestin projects worth up to 15 billion yuan ($2.18 billion) toenhance cash flow.
Read in Reuters: https://apple.news/ACleC_
China to fund 85% of Malaysia's revived rail project
Malaysia's Transport Minister Anthony Loke says China's Export-Import Bank is expected to finance 85 percent of a 44 billion ringgit ($10.7 billion) rail link project that will bolster economic development in rural eastern states
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A private Chinese space firm successfully launched a rocket into orbit
After two Chinese private companies failed to launch a rocket into orbit, the third attempt has been successful. Beijing-based Interstellar Glory Space Technology (also known as iSpace) launched a rocket into orbit today (July 25) around 1:10 pm local time from Jiuquan, a state launch facility in the Gobi desert, a company spokesperson told Quartz....
Read in Quartz: https://apple.news/
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/Au9K9NgocT_
Plethora Of Warning Signs Of The Looming Global Economic Meltdown
Data is showing that the longest business cycle in history has peaked.Degree to which the yield curve has inverted is signalling a recession is nearing.Trade of the century: Buy gold, sell stocks.
Read in Seeking Alpha: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: 2020 tests if Democrats can win enough black voters without Obama; Renewed federal executions raise death penalty's 2020 stakes; North Korea says missile test was warning to South Korea 'warmongers'
Read in ABC News: https://apple.news/
OIL/COMMODITIES/ENERGY
Gold prices pop after the ECB signals plans to ease monetary policy along with the Fed
Gold futures gained altitude on Thursday after European policy makers indicated, as expected, their intention to unfurl easy-money policies, along with the Federal Reserve, providing an upbeat atmosphere for precious metals.
Read in MarketWatch: https://apple.news/A0MX-
Opinion: Gold isn’t necessarily an investment — it’s life insurance
Physical gold is an important asset when the world goes haywire.
Read in MarketWatch: https://apple.news/
Another Fear-Driven Affair For Gold
Gold is threatening to break out out of its lateral trading range again.A rally while the dollar is strong is not ideal for gold's long-term health.Evidence shows that increased fear is the driving force behind gold.
Read in Seeking Alpha: https://apple.news/
Oil trades 1% higher, as crude attempts to rebound from Wednesday swoon
Oil futures head higher Thursday following an 11 million-barrel drop in U.S. crude supplies, but gains have been capped by worries about worries about sluggish global growth — a bearish factor for crude demand.
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Oil Prices Bounce Higher as Tug of War Between Bulls and Bears Plays Out
Commodities Jul 25, 2019 12:01 GMT Investing.com - Oil bounced back on Thursday, recovering most of the prior day’s decline, as traders weighed opposing price signals but analysts warned that concerns over demand for oil would prevail over other bullish factors such as Middle East tensions. New York-traded West Texas Intermediate crude futures gained 84 cents, or 1.5%, to $56.72 a barrel by 7:54 AM ET (11:54 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., rose 92
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This ‘long-neglected’ commodity is ready to roar, says Commerzbank
Our call of the day looks at a commodity that has been sleeping, but is now wide awake and ready to rumble higher.
Read in MarketWatch: https://apple.news/
BANKS/BANKING/CREDIT
People with a financial adviser say they aren't just better with money — they're happier with life overall
People who work with financial advisers are more likely to feel happy and financially stable. People who work with financial advisers are more likely to report happiness, confidence, and stability in their financial and personal lives, according to a survey from Northwestern Mutual. A good financial adviser can help you establish and prioritize your goals, implement a savings and investing strategy, and organize your cash flow, among other things. If you decide to seek professional advice, look
Read in Business Insider: https://apple.news/AC6CC-
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/
How Bank Closures Could Be Giving Rise to Digital Currencies
Fintech has undoubtedly given millions of people access to fast, convenient and 24-hour banking and payment services such as Venmo, Apple Pay, PayPay and more. But these services only work if you have a bank account.
Read in Forbes: https://apple.news/
Will small businesses trust the banks' lending robots?
Robot lenders are increasingly seen as the future of finance, especially when it comes to loans for smaller companies. Automated algorithmic systems can make credit decisions in an instant, and should be much less hassle for the borrower. But a key question about their widespread adoption is whether small businesses owners used to talking about...
Read in Quartz: https://apple.news/
Negative Interest Rates: Carry An Umbrella At All Times
Will central banks reduce interest rates further? How low can they go?Are there downsides to the central banks' recent measures?Portfolio managers should think about these monetary policies and their likely future path and determine whether their clients have a sufficient margin of safety if the gathering clouds threaten to burst.
Read in Seeking Alpha: https://apple.news/AY8K5INWDR_
Citi is removing some of its most valuable benefits in September. Here's how I'll be adjusting my credit card strategy
Many Citi credit cards will be losing travel benefits like lost baggage protection. (Author not pictured.) fizkes/Shutterstock.com Citi will eliminate return protection, Price Rewind, lost baggage protection, and more from most of its credit cards on September 22, 2019. The issuer's Costco credit cards will continue to offer some benefits like extended warranty protection, but they will also lose trip cancellation/interruption insurance. If a Citi card has been your go-to pick for booking travel
Read in Business Insider: https://apple.news/
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/
European Central Bank opens door to more stimulus
The European Central Bank has hinted that it will unleash more stimulus to help support the flagging eurozone economy.
Read in CNN Business: https://apple.news/
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on FridayEconomy Jul 26, 2019 09:42 GMT Investing.com - Here are the top five things you need to know in financial markets on Friday, July 26: 1. Slowdown expected for American economy The Bureau of Economic Analysis will report its preliminary reading on second-quarter GDP at 8:30 AM ET (12:30 GMT) Friday, with growth forecast to slow to 1.8%, the weakest reading in more than two years, from 3.1% in the first three months of the year. The slowdown - which comes amid a 10-year economic expansion, the
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Read in Investing.com: https://apple.news/
Barclays poached $20 billion in hedge fund balances from Deutsche BankIt's the largest such defection set off by Deutsche Bank's announcement this month that it was retreating from the equities trading business.
Read in CNBC: https://apple.news/AKyHxCiYAT-
How to Bet on U.S. Stocks Ahead of the Fed MeetingAs sentiment seems to be turning increasingly bullish, it’s time to focus on one index that is made up largely of U.S. companies.
Read in Barron's: https://apple.news/
Climate Risk Disclosure Act Is Good for Your InvestmentsLast week the House Financial Services Committee passed H.R. 3623, the Climate Risk Disclosure Act of 2019, a bill that would require companies to annually disclose their climate change-related financial and business risks. Rep. Sean Casten (D-IL) introduced the legislation, with Rep. Cartwright (D-Penn). Sen. Warren (D-MA) has introduced a similar bill. Union of Concerned Scientists (UCS) has actively supported the bill by providing expertise and organizing a letter of support signed by more
Read in Union of Concerned Scientists: https://apple.news/Ajv9jF2-
Expect 15 More Years for the Bull Market if Demographics Are DestinyU.S. demographic trends have done a creditable job this century in forecasting the stock market’s long-term return. Here’s what they say about the future.
Read in Barron's: https://apple.news/
ECB prepares some sub-zero relief for wilting Europe
The euro and bond yields wilted in a sweltering Europe on Thursday as the European Central Bank signaled it was ready for even deeper sub-zero interest rates and to restart its mass bond buying program.
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World stocks rise as ECB signals more stimulus coming
World stocks have turned higher after the European Central Bank signaled it could cut interest rates or provide other forms of monetary stimulus to help the economy
Read in ABC News: https://apple.news/
U.S. Stocks Drop; Euro Reverses Decline: Markets Wrap
Get caught up on what’s moving markets right now.
Read in Bloomberg: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
There Could Be A Sudden Influx Of Bitcoin Investors
Bitcoin and cryptocurrency traders are keenly waiting for the next wave of investors to enter the space, with many expecting them to send the bitcoin price soaring when, or if, they do arrive...
Read in Forbes: https://apple.news/
The Future Of Banking: Is It All Bitcoin And Blockchain?
As traditional banking faces a crisis to evolve, many think Bitcoin and blockchain are the next step, but there is a long way to go before that.
Read in Forbes: https://apple.news/
Bitcoin Price Retakes $10K But Remains Short of Bull Revival
Bitcoin is back above $10,000, but the technical charts indicate a bull revival is still $1,000 away.
Read in CoinDesk: https://apple.news/
Bitcoin Price Retakes $10K But Remains Short of Bull Revival
Bitcoin is back above $10,000, but the technical charts indicate a bull revival is still $1,000 away.
Read in CoinDesk: https://apple.news/
Bitcoin Price Analysis: Bulls Win Another Breakout - Bitcoinist.com
Bitcoin bulls have won yet another descending channel breakout, causing short-term price action to bounce off a key support around $9,500 and push price levels back to 5 digits. Bitcoin Monthly Chart On the monthly XBT/USD, we can see a doji forming on the latest candle as the head sits in the middle of two large wicks. Typically, a Doji can go in any direction and is heavily dependant on the overall trend of the coin. In this case, BTC is still very much bullish so we are assuming an upside
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Norwegian Air to Accept Bitcoin Through Exchange Set up By Founder
Business magnate Bjørn Kjos and his family have reportedly set up a crypto exchange and plan to offer crypto payments at Norwegian Air Shuttle.
Read in CoinDesk: https://apple.news/
CURRENCIES
Forex - Pound Slips, Euro Remains Near 2-Month Lows Ahead of ECB Policy Meeting
Forex Jul 25, 2019 05:07 GMT Investing.com - The euro remained near 2-month lows against the U.S. dollar on Thursday in Asia ahead of the European Central Bank’s (ECB) policy meeting due later in the day. The EUR/USD pair was little changed at 1.1136 by 1:04 AM ET (05:04 GMT). Some traders expect dovish guidance from the central bank, which paves the way for easing in September. The euro is now down about 2% in July on speculation of an ECB easing amid continuing concerns surrounding the Sino-
Read in Investing.com: https://apple.news/
Forex - Dollar Hits 2-Month High on Brexit Woes; GDP Data Eyed
Forex Jul 26, 2019 08:16 GMT Investing.com -- The dollar hit its highest level in two months early Friday in Europe, resuming its upward trend against both the euro and sterling after unconvincing performances on Thursday from both the European Central Bank and the U.K.’s new Prime Minister. The dollar index, which tracks the greenback against a basket of developed-market peers, rose 97.627 during Asian trading and was hovering just below that level 4 AM ET (0800 GMT). That was its highest since
Read in Investing.com: https://apple.news/
WEEKAHEAD-AFRICA-FX-Kenyan currency seen on back foot, Tanzania, Uganda, Zambia's firm
Kenya's currency is likely tocome under pressure against the U.S. dollar next week as thoseof Tanzania, Uganda and Zambia firm.
Read in Reuters: https://apple.news/
HEALTH / SCIENCE
Toddler fighting for life after being struck by E.Coli on TUI holiday
Richard Holt and Lara Wilcocks, from Merseyside, have been at their son Cillian's bedside for 21 days following a family holiday at the Jaz Bluemarine Resort in Hurghada, Egypt.
Read in Daily Mail: https://apple.news/AhPzE2L5nT_
Selma Blair Reveals She Has 'Vision Loss' In Her Right Eye 11 Months After Multiple Sclerosis Diagnosis
The 47-year-old actress was diagnosed with MS in August 2018.
Read in Health: https://apple.news/
The FDA Announced a Breast Implant Recall. Here's Everything You Need To Know
Thirty-three patients have died from a type of cancer linked to breast implants.
Read in Health: https://apple.news/
Dental visits start declining as people get older — and there may be a painful price to pay
Racial minorities and foreign-born people were even less likely to seek out dental care, new research found.
Read in MarketWatch: https://apple.news/
From low circulation to anxiety: What lips say about our health
While they are more associated with beauty, Los Angeles based alternative health practitioner Hari Simran Khalsa said the lips act as a 'doorway' to our body's inner workings.
Read in Daily Mail: https://apple.news/
Toddler fighting for life after being struck by E.Coli on TUI holiday
Richard Holt and Lara Wilcocks, from Merseyside, have been at their son Cillian's bedside for 21 days following a family holiday at the Jaz Bluemarine Resort in Hurghada, Egypt.
Read in Daily Mail: https://apple.news/AhPzE2L5nT_
Selma Blair Reveals She Has 'Vision Loss' In Her Right Eye 11 Months After Multiple Sclerosis Diagnosis
The 47-year-old actress was diagnosed with MS in August 2018.
Read in Health: https://apple.news/
The FDA Announced a Breast Implant Recall. Here's Everything You Need To Know
Thirty-three patients have died from a type of cancer linked to breast implants.
Read in Health: https://apple.news/
Dental visits start declining as people get older — and there may be a painful price to pay
Racial minorities and foreign-born people were even less likely to seek out dental care, new research found.
Read in MarketWatch: https://apple.news/
From low circulation to anxiety: What lips say about our health
While they are more associated with beauty, Los Angeles based alternative health practitioner Hari Simran Khalsa said the lips act as a 'doorway' to our body's inner workings.
Read in Daily Mail: https://apple.news/
USA / CANADA
U.S. business investment picking up; goods trade deficit narrows
New orders for key U.S.-made capital goods surged in June, but the jump will probably not change expectations that business investment contracted further in the second quarter and contributed to holding back the economy.
Read in Reuters: https://apple.news/
Jobless claims fall to lowest level in more than three months; Labor market still A-OK
The number of people who applied for unemployment benefits last week fell to the lowest level in more than three months, reflecting the persistent strength of a U.S. labor in which layoffs have fallen to the lowest level in decades. Initial jobless claims dropped 10,000 to 206,000 in late July.
Read in MarketWatch: https://apple.news/AVE-
U.S. trade deficit in goods narrows in June
The nominal goods trade deficit narrowed 1.2 % to $74.2 billion in June, the Commerce Department said Thursday.
Read in MarketWatch: https://apple.news/A8A__
EMERGING MARKETS
Brazil trade secretary sees no impact of Iran shipping impasse
RIO DE JANEIRO (Reuters) – Brazil’s foreign trade secretary Lucas Ferraz said there are no signs that the impasse involving Iranian ships without fuel near Brazilian ports will affect bilateral trade relations. So far, Ferraz said, there has been no impact on Brazilian exports to Iran. The ships, scheduled to bring grains back to Iran,...
Read in CreaWorldNews: https://apple.news/
Brazil GDP to get 0.35 percentage point boost from worker fund stimulus
New measures unveiled by the Brazilian government on Wednesday allowing employees to access cash from worker guarantee funds will be worth 0.35 percentage points to gross domestic product over the next 12 months, the Economy Ministry said on Wednesday.
Read in Reuters: https://apple.news/AcZjiT3E-
Trump says Mexico may put more troops at the border with the U.S.
WASHINGTON (Reuters) - U.S. President Donald Trump, who is seeking to slow the flow of migrants seeking to enter the United States illegally from Mexico, said on Wednesday Mexico may put more troops at the U.S.-Mexican border. Trump made the comment to reporters at the White House before leaving on a trip to West Virginia. (Reporting by Jeff Mason; Writing by Mohammad Zargham; Editing by Tim Ahmann)
Read in Business Insider: https://apple.news/
Senior Mexican lawmaker calls for tax on purchases from Amazon, Uber, other digital platforms
A senior Mexican lawmaker plans to present a bill in Congress to tax purchases on Amazon, Uber and AirBnB and other digital platforms to help fill a multibillion-dollar revenue hole after changes in how state oil company Pemex contributes to government finances.
Read in Reuters: https://apple.news/
‘We Just Changed History’: Cheers and Tears in San Juan
In the streets of San Juan, there was celebration after Gov. Ricardo A. Rosselló of Puerto Rico announced he would resign.
Read in The New York Times: https://apple.news/
This is Puerto Rico's Moment for Real Change
Protesters demanding Governor Ricardo Rosselló’s resignation amassed on July 17 in San Juan as the hashtag #RICKYRENUNCIA gained traction on social networks. When I flew to Puerto Rico in 2017 and looked out at the damage caused by Hurricane Maria, I realized that the island on which I was born and raised would never be the same. The landscapes and topographies I knew so well were gone. I was confident that the island would recover, but I also knew that what would emerge would be something
Read in TIME: https://apple.news/
Foreign Bonds Were Last Week's Leaders As Commodities Plunged
Bonds in emerging and non-US developed markets topped last week's performance profile for the major asset classes, based on a set of exchange-traded funds.The downside bias in most of the world's stock markets last week was a contributing factor that weighed on an ETF-based version of Global Market Index (GMI.F).Bullish momentum remains intact for most of the major asset classes.
Read in Seeking Alpha: https://apple.news/
Negative yields see record euro borrowing from emerging markets
Emerging market borrowers areloading up with record amounts of euro-denominated debt inanticipation of even more deeply negative interest rates andprotracted easy money from the European Central Bank.
Read in Reuters: https://apple.news/
MIDDLE EAST
UPDATE 1-Oman receives strong demand for U.S. dollar bonds
(Adds orders, analyst quote)
Read in Reuters: https://apple.news/
IMF Will Either Make Or Break Kahn's Pakistan
IMF's loan to Pakistan came with conditions that, in essence, set the economic policy agenda for the Khan government.
Read in Forbes: https://apple.news/
Iran tanker seizure: Royal Navy frigate to escort UK ships
The move follows the seizure by Iran of a British-flagged tanker in the Strait of Hormuz.
Read in BBC News: https://apple.news/
Al-Husseini: Iran may have painted themselves into a corner
Former Saudi Aramco executive Sadad al-Husseini the energy markets remain well-supplied, but geopolitical issues are becoming more of a concern.
Read in CNBC: https://apple.news/
Cutting fuel subsidies guards Egypt’s budget against oil price changes – IMF
Cairo – Mubasher: Slashing fuel subsidies in Egypt is expected to raise energy efficiency and guard the budget against unprecedented fluctuations in oil prices, the International Monetary Fund’s (IMF) acting managing director and chairman David …
Read in Mubasher: https://apple.news/
Trump vetoes bill blocking arms sales to Saudi Arabia, UAE
Pompeo last month cited threats from Iran as a reason to approve the $8.1 billion arms sale to the two U.S. allies in the Persian Gulf
Read in CBS News: https://apple.news/
AFRICA
Zimbabwe: Govt in Forex Transactions U-Turn
(Photo: allafrica.com) Government has backtracked on the recently enacted Statutory Instrument 142 of 2019 which outlawed multi-currency following its decision to allow fuel companies, embassies, chrome miners, international NGOs and individuals with access to free funds to conduct certain local transactions in foreign currency. Last month, the government deregulated the use of foreign currency for settlement of local payments through a Statutory Instrument 142 of 2019 which established a mono-
Read in AllAfrica: https://apple.news/
Zimbabwe: Zim Dangles Land in Chinese Investors' Faces
Government has offered huge tracts of land in Victoria Falls and other northern parts of the country as it seeks to attract Chinese investors into the tourism sector that has untapped billion dollar potention. The Zimbabwe Special Economic Zones Authority (Zimseza) told a delegation of Chinese investors visiting the country that it has earmarked land for hotels, golf courses and financial services as well as tourism hubs. Zimseza corporate affairs official Tongoona Chitando told Zhejiang
Read in AllAfrica: https://apple.news/
'This is hell': Zimbabweans say economy is worse than ever
Hopes the new president could transform the economy have faded.
Read in ABC News: https://apple.news/Ad_
Why Zimbabwe is running on empty, again
Critics say the crackdown on ‘irregular migration’ violates Turkish and international law.
Read in The New Humanitarian: https://apple.news/
Zimbabwe: Kombi Operators Raise Fares Following Fuel Price Increases
(Photo: New Zimbabwe) 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,
Read in AllAfrica: https://apple.news/AdUepS_
Zimbabwe: Turnaround Policies Will Begin to Bear Fruit By Year-End - Mnangagwa
Zanu-PF leader and President Emmerson Mnangagwa has promised his policies meant to turnaround the fortunes of the country will begin to bear fruit by the end of the year. Mnangagwa told his party's politburo in Harare on Wednesday that the pain citizens were going through was necessary declaring he will not be pushed into "populist policies." "Our task remains enormous but if we remain united nothing is impossible. I am aware that our current austerity measures are causing some hardships to our
Read in AllAfrica: https://apple.news/
Zanu-PF leader and President Emmerson Mnangagwa has promised his policies meant to turnaround the fortunes of the country will begin to bear fruit by the end of the year. Mnangagwa told his party's politburo in Harare on Wednesday that the pain citizens were going through was necessary declaring he will not be pushed into "populist policies." "Our task remains enormous but if we remain united nothing is impossible. I am aware that our current austerity measures are causing some hardships to our
Read in AllAfrica: https://apple.news/
Zimbabwe: Inflation Forces CBZ to Reduce Its Offer to Support Student Grants
Government's move to re-introduce student grants could have hit turbulent waters after a local bank that had promised to support the programme reduced its pledge from 10 times to just double of the seed money availed by authorities citing inflation. State media early this week went to town after government announced the grants that students have demanded for years had been reinstated. Higher and Tertiary Education Minister Amon Murwira was responding to Dzivarasekwa legislator Edwin Mushoriwa,
Read in AllAfrica: https://apple.news/A0ix9aoAzM-
Opinion: Zimbabwe is in crisis because of the President’s broken promises
The country’s current meltdown shows the need for international diplomatic intervention
Read in The Globe and Mail: https://apple.news/AlXA_dbBFO_
A US multinational avoided South African taxes worth twice Johannesburg’s social housing budget
Without knowing it, you’ve probably flown on an airplane owned by Aircastle Limited. The US-based company, which trades on the New York Stock Exchange and is valued at $1.6 billion, leases aircraft to the likes of United, American Airlines, British Airways, easyJet, and KLM. A surprisingly hefty chunk of Aircastle’s business comes from a deal...
Read in Quartz: https://apple.news/
ASIA
UPDATE 1-Hong Kong June exports, hit by trade friction, suffer biggest fall since 2016
* June exports post 8th straight month of decline
Read in Reuters: https://apple.news/
* June exports post 8th straight month of decline
Read in Reuters: https://apple.news/
Concerns a US-China talks will lead to a dressed up deal that doesn't address the issues
Tengler Wealth Management's Nancy Tengler on the ECB, the state of the European economy, where the opportunities are in emerging markets, U.S. trade talks with China and the state of the U.S. economy.
Read in Fox News: https://apple.news/AsRouKm_
China's Future Land plans to sell project interests worth up to $2.2 bln
China's Future LandDevelopment Holdings Ltd said on Thursday subsidiarySeazen Holdings Co Ltd plans to sell equity interestin projects worth up to 15 billion yuan ($2.18 billion) toenhance cash flow.
Read in Reuters: https://apple.news/ACleC_
China to fund 85% of Malaysia's revived rail project
Malaysia's Transport Minister Anthony Loke says China's Export-Import Bank is expected to finance 85 percent of a 44 billion ringgit ($10.7 billion) rail link project that will bolster economic development in rural eastern states
Read in ABC News: https://apple.news/
A private Chinese space firm successfully launched a rocket into orbit
After two Chinese private companies failed to launch a rocket into orbit, the third attempt has been successful. Beijing-based Interstellar Glory Space Technology (also known as iSpace) launched a rocket into orbit today (July 25) around 1:10 pm local time from Jiuquan, a state launch facility in the Gobi desert, a company spokesperson told Quartz....
Read in Quartz: https://apple.news/
EUROPE
Greek 10-year yield dips under 2% for first time ever, back below US 10-year
Euro zone yields have tumbled as investors pile into bonds.
Read in CNBC: https://apple.news/
ECB prepares some sub-zero relief for wilting Europe
The euro and bond yields wilted in a sweltering Europe on Thursday as the European Central Bank signaled it was ready for even deeper sub-zero interest rates and to restart its mass bond buying program.
Read in Reuters: https://apple.news/
Strategists: The ECB could someday add buying stocks to its list of policy moves
The European Central Bank could add equities to the list of assets it would buy to shake Europe out of its doldrums and stir up some inflation, according to market pros.
Read in CNBC: https://apple.news/AFHFI_
Boris Johnson: UK will leave EU with or without Brexit deal
British Prime Minister Boris Johnson told Parliament on Thursday that he is "steadfastly committed" to exiting the EU even if there is no deal.
Read in Fox Business: https://apple.news/
German bond yields plumb to record lows after ECB clears path for policy easing
U.S. Treasury yields and European bond yields fall in tandem on Thursday after a European Central Bank meeting’s policy update indicates plans to lower interest rates later this year.
Read in MarketWatch: https://apple.news/
Analysts say a German recession "looks unavoidable" as its manufacturing sector contracts
Germany's manufacturing sector has been contracting all year, and its economy is at serious risk of falling into recession.
Read in Axios: https://apple.news/
The EU's long trade deal with South America is at risk of being rejected
The European Union and four South American countries put an end to 20 years of trade discussions last month, but it is not yet clear whether their deal will ever see the light of day.
Read in CNBC: https://apple.news/A_
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI Closed on Friday and Saturday
The currency auction is
There are no news and announcements.
Rafidain: an advance of 25 million dinars for state employees without a sponsor
Release date: 2019/7/27 9:22 • 316 times read
(Baghdad: Al-Furat News) Rafidain Bank announced on Saturday that the advance of 25 million dinars to the employees of the state-funded salaries at the bank exclusively will be without a sponsor and submit them by the master card.
The bank's press office said in a statement that "the advance of 25 million dinars is based on the salary of the employee to cover 50 percent of his monthly salary monthly installment."
The statement called on state officials to "visit the branches of the bank exclusively and submit to the advance in an easy and smooth way."
The statement called on state officials to "visit the branches of the bank exclusively and submit to the advance in an easy and smooth way."
The ISX Closed on Friday and Saturday
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
7-27-2019 Intel Guru Frank26 IMF / CBI 19th JULY MEETING - This meeting was extremely important...Iraq is about to start the Post Monetary Program. The IMF is extremely pleased with Iraq. Implement the FML now... because the SBA is done.
7-26-2019 Newshound/Intel Guru Delta NOT OFFICIAL YET....... PARLIAMENT HAVE TO APPROVE HIM [New CBI Governor] FIRST..... ALAQ IS STILL IN UNTIL THEN...
7-26-2019 Guest Guru Michael Contrell [via PDK] [People want to know if you feel we are close to the reset and the revaluation?] I hadn’t seen any progress in 15 years…since Trump got into office I have seen a tremendous amount of progress…Right now its like a landslide…its been picking up momentum…yes I think we are right on top of it…
7-26-2019 Intel Guru Eagleone2025 [via PDK] EAGLE ONE HAS BEEN FLYING TIME IS NOW AT HAND TUES. WED. ARE BIG DAYS...NEXT WEEK I AM TOLD ALL THINGS ARE STILL ON TRACKDC. CONTACTS THERE HAS BEEN SOME DISRUPTIONS BUT ALL THINGS ARE STILL GO. MILITARY IS ON HIGH ALERT...
7-26-2019 Intel Guru MarkZ [via PDK] I’m almost afraid to get to excited…but I am cautiously optimistic today... In Iraq - No new rate yet on the streets...spoke with 3 contacts...my contractor friend is working on new rates for employees…they expect the new rate this weekend. ...we should get 800 numbers over the weekend...My redemption center contacts are on call for this weekend and definitely working on Monday. Many people have gotten quiet...They are pushing me too...
7-26-2019 Newshound Guru larrykn I understand the corruption in Iraq but I get to wonder if that will really stop them from moving on. They have always been corrupt but they seem to have manage to have their currency out to the world. The one thing that has change this time around is the fact that they have outside investor coming in. This IMO is the game changer and is why they are trying to get a handle on the corruption in Iraq. If they do I see a bright future for them if they don't. We will be sitting here. No one will want to invest in a country that they wouldn't know if their money is safe or not and they can get it out. We will see.
7-26-2019 Intel Guru Bruce [via PinkRoses] ...I believe everything is ready to go from what I heard this afternoon, but I know there has been clean up since Tuesday night and taken care of... Now, I do believe we are very close. Like I said, we thought we would go today [Thursday]. It did not happen... I am hearing the idea of numbers tomorrow [Friday], set appointments and starting Saturday. Do not write off the possibility of something happening tomorrow [Friday] afternoon or tomorrow evening as a Go Time or start...I think from an overall security point of view we are in pretty good shape. ...Now, rates are something we just can’t say now what they are. We just do not know...I am hoping tomorrow [Friday] is a wonderful opportunity for us. At least that is what we are hearing. .
7-26-2019 Guest Guru Michael Contrell [via PDK] [People want to know if you feel we are close to the reset and the revaluation?] I hadn’t seen any progress in 15 years…since Trump got into office I have seen a tremendous amount of progress…Right now its like a landslide…its been picking up momentum…yes I think we are right on top of it…
7-26-2019 Intel Guru Eagleone2025 [via PDK] EAGLE ONE HAS BEEN FLYING TIME IS NOW AT HAND TUES. WED. ARE BIG DAYS...NEXT WEEK I AM TOLD ALL THINGS ARE STILL ON TRACKDC. CONTACTS THERE HAS BEEN SOME DISRUPTIONS BUT ALL THINGS ARE STILL GO. MILITARY IS ON HIGH ALERT...
7-26-2019 Intel Guru MarkZ [via PDK] I’m almost afraid to get to excited…but I am cautiously optimistic today... In Iraq - No new rate yet on the streets...spoke with 3 contacts...my contractor friend is working on new rates for employees…they expect the new rate this weekend. ...we should get 800 numbers over the weekend...My redemption center contacts are on call for this weekend and definitely working on Monday. Many people have gotten quiet...They are pushing me too...
7-26-2019 Newshound Guru larrykn I understand the corruption in Iraq but I get to wonder if that will really stop them from moving on. They have always been corrupt but they seem to have manage to have their currency out to the world. The one thing that has change this time around is the fact that they have outside investor coming in. This IMO is the game changer and is why they are trying to get a handle on the corruption in Iraq. If they do I see a bright future for them if they don't. We will be sitting here. No one will want to invest in a country that they wouldn't know if their money is safe or not and they can get it out. We will see.
7-26-2019 Intel Guru Bruce [via PinkRoses] ...I believe everything is ready to go from what I heard this afternoon, but I know there has been clean up since Tuesday night and taken care of... Now, I do believe we are very close. Like I said, we thought we would go today [Thursday]. It did not happen... I am hearing the idea of numbers tomorrow [Friday], set appointments and starting Saturday. Do not write off the possibility of something happening tomorrow [Friday] afternoon or tomorrow evening as a Go Time or start...I think from an overall security point of view we are in pretty good shape. ...Now, rates are something we just can’t say now what they are. We just do not know...I am hoping tomorrow [Friday] is a wonderful opportunity for us. At least that is what we are hearing. .
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-26-2019 around 9 am Eastern
The @IraqiGovt is seeking to diversify the Iraqi economy, create more job opportunities and stimulate growth by attracting international investors and supporting Iraqi businesses - watch this video to learn more about #InvestIraq
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ARTICLE 3
Iraq froze assets of leaders in the «crowd»
Loyal to Iran are transferring their money to them to avoid sanctionWhile the Iraqi Central Bank decided to freeze the assets of four people, including leaders of the two factions in the "popular mobilization," in implementation of the US sanctions, sources said that the figures and Iraqi parties linked to the Iranian Revolutionary Guards, began to transfer funds to Iran, to avoid sanctions.
The four who froze their money yesterday were: the commander of the '30 Brigade' in the Popular Gathering of Beniwa, the Shiite network of al-Qaddu, the Chaldean Christian leader of the '50th Brigade' in the 'buildup' of Benin, and the Chaldean governor, Ninev al-Aakoub, and the head of the current parliamentary bloc, Ahmad al-Jubouri.
A source familiar with the details of what is happening in the circles close to Iran that "some of the figures loyal to Iran are moving strongly these days, to transfer part of its investments and funds to various regions and banks in Iran, to avoid the sanctions expected against them by the US Treasury.
The source, who declined to be named, told «Middle East», given the seriousness of the subject, «The atmosphere of anticipation and fear controls the personalities that follow Iran, and got a lot of money in recent years, by investing in the relationship pressure and blackmail Iraqi institutions, On projects and investments are mostly fake. As well as benefited from large-scale oil smuggling operations in Nineveh and Basra.
The four who froze their money yesterday were: the commander of the '30 Brigade' in the Popular Gathering of Beniwa, the Shiite network of al-Qaddu, the Chaldean Christian leader of the '50th Brigade' in the 'buildup' of Benin, and the Chaldean governor, Ninev al-Aakoub, and the head of the current parliamentary bloc, Ahmad al-Jubouri.
A source familiar with the details of what is happening in the circles close to Iran that "some of the figures loyal to Iran are moving strongly these days, to transfer part of its investments and funds to various regions and banks in Iran, to avoid the sanctions expected against them by the US Treasury.
The source, who declined to be named, told «Middle East», given the seriousness of the subject, «The atmosphere of anticipation and fear controls the personalities that follow Iran, and got a lot of money in recent years, by investing in the relationship pressure and blackmail Iraqi institutions, On projects and investments are mostly fake. As well as benefited from large-scale oil smuggling operations in Nineveh and Basra.
The source notes that "many of these people are now aware that they are targeted by the American side and will later include a new wave of sanctions and believe that Iran is the only country where their money can be free of US sanctions. Most of the money comes out in different ways, , Because they can not be transferred through official banks ».
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ARTICLE 4
Khatib Juma Karbala Youth: the country with your need and prepare for hope
2019/7/26 14:17
Karbala-Ain
The representative of the religious authority in Karbala, Mr. Ahmed Al-Safi, gave advice to young people.
Al-Safi said in his Friday sermon delivered by Al-Husseini Al-Sharif that "societies are developing youth cards. This class needs special care, more attention and responsibility. This is different, but it can be shared. And to provide them with all the appropriate atmosphere because this class is the actors are reliable in building the country in the coming days, but at the present time as well. "
"Some opportunities have to be given in certain areas to the young people to complete their chances and start the good work of society," he said. "The official is also responsible for public organizations and sometimes for the family.
Mr. Al-Safi pointed out, "Sometimes the responsibility for society is in markets, public places, etc. We must sponsor this class in the way we care about it. Perhaps it is a more important part of caring than not letting young people swim in contradictory currents. Be in everything and without advice ".
He called on "young people to take the advice of contemplating what may be consistent with them and may be right for them and not neglect by justifying the bully and youth as a matter of wisdom, and they have to work, and diligence and perseverance, in which the future and non-rebellion and rejection and transgression in this loss."
The representative of the Supreme Reference, "We know the suffering of young people and face the goal is not specific to them with many pressures and problems and unemployment, but the time as a sword and success will not be an ally of laziness and rebellion and must feel the hope Almmdouh and survival of the situation and the absence of frustration because of failure or failure to succeed in a particular cause In this country and this is our destiny and the country needs every idea and young and energy of their energies to serve themselves and their people and their country. "
"We feel the responsibility and the responsibility that these young people need care and the officials to care for this segment of all kinds of interest and young people to keep their hearts easy to those who try to play and not exploited by some people and be as young people in the maintenance of the country and defend the country remains alive Where the youth are conscious. "
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