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Barzani: Kurdistan region will remain a haven for security and stability
Release date: 2019/7/21 11:17 • 72 times scheduled
(Baghdad: Al-Furat News) The head of the Kurdistan region, Nechirvan Barzani, praised the speed of the security services in the arrest of the assassin of the Turkish diplomat in the city of Erbil last Wednesday.
"Barzani," a letter of thanks and praise to the forces of Asayish and the fight against terrorism and other security services, for its rapid capture of the terrorist in the restaurant and Barbil, and his assistant. "
He explained that "this success came as a result of the keenness of these forces and the security of the Kurdistan region and stability, and I also thank the citizens of the Kurdistan region who have always supported security institutions and cooperated with them."
Barzani said that "the Kurdistan region and the efforts of those loyal of his sons and the cooperation of our citizens, will remain a haven for security and stability."
On Saturday, the anti-terrorist forces in the Kurdistan region announced the arrest of the first official responsible for the attack, Mazloum Dag, and his assistant (Muhammad Bisksz), known as Dajwar, Mamand and Yusuf.
On Wednesday evening, a Turkish diplomat and two citizens lost their lives by shooting at an Erbil restaurant while they were having lunch. Immediately after the incident, the security forces launched a wide-ranging campaign to arrest the perpetrators
.
He explained that "this success came as a result of the keenness of these forces and the security of the Kurdistan region and stability, and I also thank the citizens of the Kurdistan region who have always supported security institutions and cooperated with them."
Barzani said that "the Kurdistan region and the efforts of those loyal of his sons and the cooperation of our citizens, will remain a haven for security and stability."
On Saturday, the anti-terrorist forces in the Kurdistan region announced the arrest of the first official responsible for the attack, Mazloum Dag, and his assistant (Muhammad Bisksz), known as Dajwar, Mamand and Yusuf.
On Wednesday evening, a Turkish diplomat and two citizens lost their lives by shooting at an Erbil restaurant while they were having lunch. Immediately after the incident, the security forces launched a wide-ranging campaign to arrest the perpetrators
A new Iraqi consulate in Iran
Editorial date:: 2019/7/21 12:53 • 49 times read
{International: Al Furat News} Iraq is looking forward to the opening of a new consulate in Iran.
The Director General of Immigration Affairs at the Iraqi Embassy in Tehran, Firas Majid, said that Iraq is looking forward to opening a consulate in the city of Ilam in western Iran, due to the considerable volume of visitors visiting between the two countries.
During his meeting with the deputy governor of Iran in political, security and social affairs Mohammad Nozri, Firas Majeed praised the efforts of the Iranian officials in strengthening the positive relations between Tehran and Baghdad and providing the necessary facilities.
In this regard, he considered the opening of the Iraqi consulate in Ilam as necessary, pointing to the size of the visitors and their remarkable visit from the port of Mehran border with the presence of more Iraqi citizens in this province for other provinces.
He pointed to the special geographical location enjoyed by the province of Ilam, saying it is a bridge between the Iranian and Iraqi people, which helps to facilitate relations between the two countries.
Referring to the cancellation of the visa in the fortieth days of Imam Hussein, the assistant governor of Ilam predicted that more than 3 million visitors would visit the Mehran border crossing this year, making an Iraqi consulate there necessary.
During his meeting with the deputy governor of Iran in political, security and social affairs Mohammad Nozri, Firas Majeed praised the efforts of the Iranian officials in strengthening the positive relations between Tehran and Baghdad and providing the necessary facilities.
In this regard, he considered the opening of the Iraqi consulate in Ilam as necessary, pointing to the size of the visitors and their remarkable visit from the port of Mehran border with the presence of more Iraqi citizens in this province for other provinces.
He pointed to the special geographical location enjoyed by the province of Ilam, saying it is a bridge between the Iranian and Iraqi people, which helps to facilitate relations between the two countries.
Referring to the cancellation of the visa in the fortieth days of Imam Hussein, the assistant governor of Ilam predicted that more than 3 million visitors would visit the Mehran border crossing this year, making an Iraqi consulate there necessary.
Integrity is controlled by manipulating lists of 1,726 wage-earners in Hilla municipality
Release date: 2019/7/21 11:07 • 102 times read
(Baghdad: Al Furat News) On Sunday, the Integrity Commission announced the seizure of the assistant services affairs in the municipality of Hilla for manipulation and the addition of fictitious names in the transfer lists of more than (1700) of the daily workers in the department to the status of contracts.
The investigation department in the body clarified, according to a statement received by the agency {Euphrates News} a copy of it, that "a team of staff of the Bureau of the investigation of Babylon, who moved to the Directorate of the Municipality of Hilla - Services Department, managed after the follow-up and investigate, the assistant services assistant in the municipality; "The accused added the names of non-employees formerly employed in the municipality's administration for the purpose of transferring them to contracts, as well as the fake names of former employees on the grounds that their services were terminated and replaced with new names" .
The Department noted that "preliminary investigations into the investigation carried out under a judicial memorandum revealed the operation of more than (250) people in the municipality were brought through the accused, pointing to the seizure of a replica of the priorities of the transfer of workers to contracts."
She added that "the minutes of the seizure of assets were organized and brought with the accused to the competent investigating judge, who decided to arrest him according to the provisions of Article (340) of the Penal Code."
It is noteworthy that the Commission announced on the ninth of this month to arrest employees in the health of Babylon; for adding about (1000) fictitious name in the lists of the conversion of daily workers in the circle to the status of contracts. is over
The Department noted that "preliminary investigations into the investigation carried out under a judicial memorandum revealed the operation of more than (250) people in the municipality were brought through the accused, pointing to the seizure of a replica of the priorities of the transfer of workers to contracts."
She added that "the minutes of the seizure of assets were organized and brought with the accused to the competent investigating judge, who decided to arrest him according to the provisions of Article (340) of the Penal Code."
It is noteworthy that the Commission announced on the ninth of this month to arrest employees in the health of Babylon; for adding about (1000) fictitious name in the lists of the conversion of daily workers in the circle to the status of contracts. is over
Iraqi Parliament: Local elections scheduled for April
Sunday, 21 July 2019
The Iraqi parliament confirmed the holding of the local elections as scheduled in April next year, expressing his keenness to proceed with the necessary amendments to the provincial councils law .
The deputy speaker of parliament, Hassan al-Kaabi, said in a statement on Saturday that the First Deputy Speaker of the House of Representatives held a meeting with a number of councils of districts and districts in Iraq, in the presence of members of the Committee of Regions and the provinces of parliament .
The statement added that al-Kaabi discussed the first amendment to the provincial elections law, while stressing the holding of local elections on schedule in April next year without delay .
He stressed that the Parliament showed the keenness of his presidency to carry out the necessary amendments to the law of provincial councils, including the establishment of organizational structure of the local councils commensurate with the tasks assigned to them.
Barzani: Kurdistan will never become the headquarters of terrorism
21-07-2019 12:20 AM
Baghdad:
The head of the Kurdistan Workers' Party (PKK) Massoud Barzani said on Saturday that the perpetrators of the shooting incident in Erbil have been arrested. "Kurdistan will never become the headquarters of terrorism and any criminal will not be able to hide the eyes of the loyal citizens of Kurdistan and the hawks of the security institutions in the Kurdistan region, All to not export their problems into Kurdistan, and not be a reason to harm the people of Kurdistan. "
Barzani said in a statement: "After the terrorist act that took place on Wednesday, 17/7/2019, at a restaurant in Erbil, and the victim of a Turkish diplomat and two civilian citizens of Kurdistan, Asayish forces and the fight against terrorism in Erbil arrested the main executor of the crime and one of his aides.
"I salute the heroes of Asayish and the fight against terrorism and all the security institutions in the Kurdistan region, which managed to arrest the perpetrators as soon as possible and proved, as every time, a place of trust and pride."
Barzani said in a statement: "After the terrorist act that took place on Wednesday, 17/7/2019, at a restaurant in Erbil, and the victim of a Turkish diplomat and two civilian citizens of Kurdistan, Asayish forces and the fight against terrorism in Erbil arrested the main executor of the crime and one of his aides.
"I salute the heroes of Asayish and the fight against terrorism and all the security institutions in the Kurdistan region, which managed to arrest the perpetrators as soon as possible and proved, as every time, a place of trust and pride."
"Once again, the people and the security services prove that Kurdistan will never become the headquarters of terrorism, and that no criminal can hide from the eyes of the loyal citizens of Kurdistan and the hawks of the security institutions," he said. In the Kurdistan region. "
He pointed out that "from here I call everyone not to export their problems into Kurdistan, and not be a reason to harm the people of Kurdistan."
Earlier in the day, the anti-terrorist forces in the Kurdistan region announced the arrest of the first official responsible for the attack, Mazloum Dag, and his assistant (Muhammad Biskesz), known as Dajwar, Mamand and Yusuf,
He pointed out that "from here I call everyone not to export their problems into Kurdistan, and not be a reason to harm the people of Kurdistan."
Earlier in the day, the anti-terrorist forces in the Kurdistan region announced the arrest of the first official responsible for the attack, Mazloum Dag, and his assistant (Muhammad Biskesz), known as Dajwar, Mamand and Yusuf,
Integrity returns to the municipality of Hilla ownership of a property worth 6 billion dinars
21-07-2019
Baghdad
The Commission of Integrity announced that its investigative procedures resulted in the re-ownership of a property in Babylon to the State, indicating that the staff of the Bureau of Investigation of Babel in the body had already seized the original of the estimated value of the property (6.000 million) billion dinars.
According to a court memo, the Court of Appeal of Babel / the first appellate court issued a decision to re-register the property (one and a half dunums) of the property, And the estimated value of six billion in the name of the Directorate of the municipality of Hilla, explaining that the local union of agricultural associations in the province transferred ownership of the property and registered in his name illegally and without obtaining a letter of ownership of the owner of the property, and then later sold to another person and registered in his name The Department of Real Estate Registration in violation of the law. "
She added that "the court of the beginning of Hilla has already issued a decision to invalidate the restrictions on the property registered in the name of the local federation of agricultural associations in the province, and re-registration on behalf of the Directorate of the municipality of Hilla, and notice of the Directorate of Real Estate Registration in the province.
Kauaihn Iraq Articles:dd
Hawrami leaves the provincial wealth ministry and holds a senior post
Editorial date:: 2019/7/21 11:28 • 167 times read
(Arbil: The Euphrates News) The Office of the Prime Minister of the Kurdistan Regional Council pleased Barzani ordered the appointment of Ashti Hawrami as his assistant for energy.
According to the order issued by the Prime Minister of the Kurdistan Regional Council, it was decided to appoint {Abdullah Abdulrahman Abdullah} and his reputation (Ashti Hawrami) to take the post of Assistant to the Prime Minister for Energy.
The terms of reference of the Assistant to the Prime Minister for Energy were as follows:
1. Follow-up of the implementation of the decisions, recommendations and policies of the Kurdistan Regional Government - Iraq in the oil and gas sector, under Article VI of the Oil and Gas Act of Kurdistan Region - Iraq, No. 22 of 2007, and in consultation with the Prime Minister.
2. To make recommendations to the Prime Minister in the field of energy.
3 - Coordination with the concerned parties in the field of energy in the Kurdistan Regional Government - Iraq.
4- Completing the special tasks entrusted to him by the Prime Minister in the energy sector.
5 - Attend the meetings of the Regional Council for oil and gas under Article {IV} of the oil and gas law of the Kurdistan Region - Iraq, No. 22 of 2007, and the drafting of the agendas of meetings.
These responsibilities were assigned to the Assistant Prime Minister for Energy under Articles IV and VI of the Kurdistan Region Oil and Gas Law. As stated in Article VI:
First: Organization and supervision of oil operations, formulation, regulation and control of oil operations policies, in addition to organizing, planning, implementing, supervising, inspecting and auditing the implementation of all oil operations, as well as oil marketing.
Second: the conduct of negotiations and the conclusion of agreements and the implementation of licenses, including oil contracts completed by the Kurdistan Regional Government.
According to Article 18 of Article 1 of the Kurdistan Region Oil and Gas Law, oil operations include the following: prospecting and exploration with a view to development, production, marketing, storage, transfer, liquidation, sale and production of oil or construction, establishment and establishment of any structure of machines and machines for the purposes referred to, Licenses or lifting any of these structures, devices, machinery and buildings.
The order of assignment Ashti Hawrami was issued in this position on 15 July and is signed by the Prime Minister of the Kurdistan Region and is effective from the date of its issuance. 2
The terms of reference of the Assistant to the Prime Minister for Energy were as follows:
1. Follow-up of the implementation of the decisions, recommendations and policies of the Kurdistan Regional Government - Iraq in the oil and gas sector, under Article VI of the Oil and Gas Act of Kurdistan Region - Iraq, No. 22 of 2007, and in consultation with the Prime Minister.
2. To make recommendations to the Prime Minister in the field of energy.
3 - Coordination with the concerned parties in the field of energy in the Kurdistan Regional Government - Iraq.
4- Completing the special tasks entrusted to him by the Prime Minister in the energy sector.
5 - Attend the meetings of the Regional Council for oil and gas under Article {IV} of the oil and gas law of the Kurdistan Region - Iraq, No. 22 of 2007, and the drafting of the agendas of meetings.
These responsibilities were assigned to the Assistant Prime Minister for Energy under Articles IV and VI of the Kurdistan Region Oil and Gas Law. As stated in Article VI:
First: Organization and supervision of oil operations, formulation, regulation and control of oil operations policies, in addition to organizing, planning, implementing, supervising, inspecting and auditing the implementation of all oil operations, as well as oil marketing.
Second: the conduct of negotiations and the conclusion of agreements and the implementation of licenses, including oil contracts completed by the Kurdistan Regional Government.
According to Article 18 of Article 1 of the Kurdistan Region Oil and Gas Law, oil operations include the following: prospecting and exploration with a view to development, production, marketing, storage, transfer, liquidation, sale and production of oil or construction, establishment and establishment of any structure of machines and machines for the purposes referred to, Licenses or lifting any of these structures, devices, machinery and buildings.
The order of assignment Ashti Hawrami was issued in this position on 15 July and is signed by the Prime Minister of the Kurdistan Region and is effective from the date of its issuance. 2
Karbouli: The prime minister has responded to most of my requests for the Baghdad belt
21-07-2019 10:28 AM
Baghdad
A member of the Committee on Security and Defense Parliamentary Mohammed Karbouli, on Sunday, details of his meeting with Prime Minister Adel Abdul Mahdi during the start of the will of victory in Baghdad, noting that Abdul Mahdi responded to his request to form a regiment of the people of Tarmiyah and the return of all security services to the judiciary.
Karbouli said in a statement to the "news" that "the launch of military operations came in order to stabilize the security situation in the areas of the Baghdad parties after the control of some terrorist groups on the population."
He added that "Prime Minister Adel Abdul-Mahdi promised to respond to all my requests on the Baghdad belt, including the formation of a regiment of the people of Tarmiyah after the completion of the victories of victory, as well as the restoration of courts and security services in the judiciary."
Karbouli said that "the will of victory will be a new start for the people in those areas, especially the sight and the Taji and adjacent areas of Diyala and Salahuddin."
The godfather of oil smuggling deals appoints an assistant to Barzani
12:34 - 21/07/2019
Information / Baghdad ..
BAGHDAD (Reuters) - Iraq's natural resources minister, Ashti Hawrami, who is seen as the godfather of oil smuggling deals and sold outside the Baghdad authority, has been named assistant to the prime minister for energy, the official said on Sunday.
According to the order issued by the Prime Minister of the Kurdistan Regional Council, it was decided to appoint (Abdullah Abdulrahman Abdullah) and his fame (Ashti Hawrami) to take the post of Assistant to the Prime Minister for Energy.
The terms of reference of the Assistant of the Prime Minister for Energy Affairs are as follows: Follow-up of the implementation of decisions, recommendations and policies of the Kurdistan Regional Government - Iraq in the oil and gas sector, under Article VI of the Oil and Gas Law of Kurdistan Region - Iraq , No. 22 of 2007, With the Prime Minister and coordination with the concerned parties in the field of energy in the Kurdistan Regional Government - Iraq .
He will also undertake the tasks assigned by the Prime Minister in the energy sector and attend the meetings of the Regional Council for Oil and Gas under Article IV of the Kurdistan Region Oil and Gas Law No. 22 of 2007, Meetings. Ending / 25
BAGHDAD (Reuters) - Iraq's natural resources minister, Ashti Hawrami, who is seen as the godfather of oil smuggling deals and sold outside the Baghdad authority, has been named assistant to the prime minister for energy, the official said on Sunday.
According to the order issued by the Prime Minister of the Kurdistan Regional Council, it was decided to appoint (Abdullah Abdulrahman Abdullah) and his fame (Ashti Hawrami) to take the post of Assistant to the Prime Minister for Energy.
The terms of reference of the Assistant of the Prime Minister for Energy Affairs are as follows: Follow-up of the implementation of decisions, recommendations and policies of the Kurdistan Regional Government - Iraq in the oil and gas sector, under Article VI of the Oil and Gas Law of Kurdistan Region - Iraq , No. 22 of 2007, With the Prime Minister and coordination with the concerned parties in the field of energy in the Kurdistan Regional Government - Iraq .
He will also undertake the tasks assigned by the Prime Minister in the energy sector and attend the meetings of the Regional Council for Oil and Gas under Article IV of the Kurdistan Region Oil and Gas Law No. 22 of 2007, Meetings. Ending / 25
Completion of the inspection of Al-Rafayat area and surrounding villages north of Baghdad
11:37 - 21/07/2019
Baghdad - Mawazine News A force of the 42nd Brigade of the Federal Police and Mass Forces ended Sunday the inspection of Al-Rafayat area and the surrounding villages north of Baghdad.
"A force from the 42nd Brigade of the Federal Police and Massacre, which is involved in clearance operations within the will of victory and supported by an air cover of the Air Force and Air Force, completed the inspection of the villages of Al-Rafayat and surrounding villages north of Baghdad," the media said in a statement.
"The inspections are continuing," the statement said.
Popular forces and security forces today cleared 12 villages in the Tarmiyah area north of Baghdad as part of the second phase of Operation Victory.
Popular forces and security forces began Sunday morning with air cover from the Air Force and Air Force on the second stage of the second phase of Operation Victory Victory north of Baghdad
"A force from the 42nd Brigade of the Federal Police and Massacre, which is involved in clearance operations within the will of victory and supported by an air cover of the Air Force and Air Force, completed the inspection of the villages of Al-Rafayat and surrounding villages north of Baghdad," the media said in a statement.
"The inspections are continuing," the statement said.
Popular forces and security forces today cleared 12 villages in the Tarmiyah area north of Baghdad as part of the second phase of Operation Victory.
Popular forces and security forces began Sunday morning with air cover from the Air Force and Air Force on the second stage of the second phase of Operation Victory Victory north of Baghdad
A deputy is talking about a "malignant American series" and calling on the government to take a stand
11:27 - 21/07/2019
Information / Baghdad ..
MP Sadikun Hassan Salem, the deputy, said that the US treasury decisions on the status of Iraqi personalities on the list of sanctions politicized to target the patriots who fought and urged , calling on the government to intervene to stop the American serial malignant.
"The inclusion of Iraqi national figures in the list of sanctions by the US Treasury is a malicious series that targets every national figure who fought and encouraged the land from being defiled," Salem said in a statement.
He added that "the official government position is weak towards those politicized and unfair decisions against the patriots," warning of "the continued targeting of Iraqi personalities."
Salem called on the government and the State Department to "take a firm stand towards the administration's disregard and intervene through official diplomatic channels to stop the American series." Ending /25
MP Sadikun Hassan Salem, the deputy, said that the US treasury decisions on the status of Iraqi personalities on the list of sanctions politicized to target the patriots who fought and urged , calling on the government to intervene to stop the American serial malignant.
"The inclusion of Iraqi national figures in the list of sanctions by the US Treasury is a malicious series that targets every national figure who fought and encouraged the land from being defiled," Salem said in a statement.
He added that "the official government position is weak towards those politicized and unfair decisions against the patriots," warning of "the continued targeting of Iraqi personalities."
Salem called on the government and the State Department to "take a firm stand towards the administration's disregard and intervene through official diplomatic channels to stop the American series." Ending /25
Deputies: We will choose independent jurists to run the Federal Court
21-07-2019 11:15 AM
Baghdad
The parliamentary legal committee revealed on Sunday the orientation of the political blocs to choose independent jurists outside the Sunni and Shiite Waqfeen from the supervision of the Federal Court.
"The draft law of the Federal Court is very important, and the Iraqi constitution states in its first article that it is not permissible to issue any law that contradicts the principles of Islamic law. Therefore, the choice of jurists is a basic source of law," said Salim Hamza, a member of the committee. We have called after the reading of the project that the installation of independent jurists, and that they have experience and have certificates of comparative jurisprudence, because their presence in the court is necessary, and some laws need to be clarified by religion and the law.
He added that "there are parties seeking to get the positions of jurists, and there is currently fierce competition may lead to differences, specifically from the Shiite parties because of the large number of religious references in the doctrine The Sunnis, there is also a dispute to determine who will be separated from the Kurds and the Sunni Arabs.
He pointed out that "political blocs in the parliament prefer to be independent jurists, and not to be accused of corruption and sectarianism and sectarian and national extremism, and have a fair biography, because their choice on the basis of partisan cronyism and abject quotas and the selection of sultans scientists will affect the decisions and laws of the Court, And the time we will read on the judiciary peace. "
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VertoFX raises $2M for its African and EM currency trading platform
VertoFX, an Africa and emerging markets focused currency trading and paymentstartup, has raised a $2.1 million seed round, led by Accelerated DigitalVentures.The London based company, with a subsidiary in Lagos, Nigeria, has created aplatform that allows businesses and banks to exchange and make payments inexotic foreign currencies that don't often convert or trade convenientlyacross businesses or banks.For example, South Africa's Rand is Africa's most convertible and tradedcurrency—with lower .
Read in TechCrunch: https://apple.news/AVea-
Australian dollar rises - Inside Retail
Aussie dollar rises against the greenback. The post Australian dollar rises appeared first on Inside Retail.
Read in Inside Retail: https://apple.news/AeUJ0g_
Preparing For The Fed Meeting: Stick With The USD, Gold And Japanese Yen
Leading indicators are still showing that the pressure on core inflation in the US remains firm for the next 12 to 24 months to come.Hence, US policymakers focused on the labour market and inflation should consider either keeping rates steady or continuing their tightening cycle.However, two other main factors are suggesting a different story, which are the persistence of global uncertainty and the dynamics of the Fed Funds rate.We think that a 25bps cut at the July meeting remains the
Read in Seeking Alpha: https://apple.news/
Health insurers make it easy for scammers to steal millions. Who pays? You.
Insurers are regarded as defenders of health care dollars, but the case of David Williams shows how they allow costs to rise.
Read in Vox: https://apple.news/A_
Both the "top" and "bottom" blood pressure numbers can increase your risk of heart attack and stroke, study says
People who forget to look at the bottom number in a blood pressure reading may want to check again. When uncontrolled, both measures of blood pressure can increase the risk of heart attack and stroke, according to a study published in the New England Journal of Medicine.
Read in CNN: https://apple.news/
Iran rebuffs Trump assertion that U.S. ship downed drone
Iran denied that the U.S. Navy downed one of its drones in the Strait of Hormuz, a day after several close encounters between American warships and the Iranian military in the vital oil shipping route further raised tensions.
Read in The Wall Street Journal: https://apple.news/
U.S. Continues Military Buildup in Saudi Arabia Amid Recent Iran Tensions
July 19, 2019 Trump Says U.S. Shot Down Iranian Drone In The Strait Of Hormuz The United States has begun building its military back up at Prince Sultan Air Base in Saudi Arabia, where the Americans deserted 16 years ago. The move began last month, but will expedite in the coming weeks as Iran ramps up attacks on oil tankers in the Strait of Hormuz and shot down an American drone earlier this summer. The U.S. buildup includes the deployment of fighter jets and long-range Patriot missiles,
Read in Newsweek: https://apple.news/
Americans still think they can make money flipping houses
Many people say real estate is a better investment than stocks, bonds or gold—the real numbers show otherwise
Read in CBS News: https://apple.news/
Trump knocks Fed's 'faulty thought process' over interest rates
President Trump on Friday accused the Federal Reserve of having a "faulty thought process," arguing that the central bank should lower interest rates to match foreign competitors.
Read in The Hill: https://apple.news/
Trump is right, the Fed doesn't know what it's doing and it could get worse: Ron Paul
While he doesn't control monetary policy, the least the president can do is prevent the Fed from running the private marketplace amuck by disobeying orders from Congress, the very body that created it in the first place.
Read in Fox News: https://apple.news/
Searing heat grips much of the U.S. — with the worst still to come
The New York City Triathlon canceled Sunday's event because of excessive heat warnings, and several cities declared heat emergencies.
Read in NBC News: https://apple.news/
Frontier markets are on sale — but it could be a wild ride
The asset class is cheap. Much of it is insulated from trade frictions. And countries such as Sri Lanka, Argentina, and Vietnam could benefit from lower U.S. interest rates.
Read in Barron's: https://apple.news/
Dovish Fed talk pushes emerging currency index to four month high
MSCI's Emerging Markets CurrencyIndex surged to its highest level since March 21after dovish comments from a senior Federal Reserve officialstoked demand for riskier assets.
Read in Reuters: https://apple.news/
IBD 50 Stocks To Watch: One Of The Best Bank Stocks Among Emerging Markets
HDFC, one of the best bank stocks among emerging-market economies, has kept pace with U.S. markets this year and could be at an inflection point.
Read in Investor's Business Daily: https://apple.news/
Colombia wants to become player in copper in next few years -government official
Colombia is looking to become anotable producer of copper within the next few years, the headof the national mining agency said, in a bid to diversify itsmining output without neglecting production of coal and gold.
Read in Reuters: https://apple.news/
Protests Hit Puerto Rico Amid Bankruptcy Woes
Protests Hit Puerto Rico Amid Bankruptcy Woes
Read in TRT World: https://apple.news/
China calls on US to 'correct' Iran sanctions
China calls on Washington to 'correct' sanctions imposed on Chinese companies accused of helping Iran acquire materials for nuclear program
Read in ABC News: https://apple.news/
Iran Slams US Bans on Its Diplomats in Talks with UN Chief
Iranian Foreign Minister Mohammad Javad Zarif has lashed out at the US’ restrictions on the movement of the staff of the Iranian mission to the UN in New York.
Read in IFP News: https://apple.news/
Sanctions, threats and oil: How close is Iran deal to collapsing?
The clock has begun ticking towards a crucial deadline for Europe to fulfill Iran's demands to deliver concrete financial incentives in order to stop the 2015 nuclear deal from falling apart. But with the early-September date looming, the outlook for the landmark pact signed between Tehran and world powers is growing increasingly bleak. "I am not very optimistic, because there is not much the EU can do to prevent the US sanctions," Ali Noorani, a Tokyo-based Iranian analyst, said, referring to
Read in Aljazeera: https://apple.news/
Iran claims it has "not lost any drone"
President Trump has said an Iranian drone was "destroyed" after threatening a U.S. warship in the Strait of Hormuz
Read in CBS News: https://apple.news/
US and Iran must compromise to prevent a war
The United States has just taken another step up the escalation ladder towards conflict with Iran.
Read in Sky News: https://apple.news/
Stocks - Middle East Tensions Sink a Wall Street Rally
Stock Markets Jul 19, 2019 19:47 GMT Investing.com – What started as a solid stock market rally Friday was mostly wiped out by rising tensions in the Persian Gulf. The catalyst was a report that Iranian authorities had seized a British tanker passing through the narrow Strait of Hormuz, which connects the Persian Gulf to the Indian Ocean and is a critical passage for global oil supplies. Crude oil prices surged in New York and London, creating worries enough to pull stocks back. West Texas
Read in Investing.com: https://apple.news/
Nigeria: Buhari Calls for More Actions Against Illicit Financial Flows in Africa
President Muhammadu Buhari Thursday in Abuja called on security agencies in Africa, especially the intelligence community, to tighten the loop against illicit financial flows, attributing rising security challenges to sponsorship by those who profit from illegal financial activities. In a keynote address at the opening session of the 16th Conference of the Committee of Intelligence and Security Services of Africa (CISSA), President Buhari said development and stability on the African continent
Read in AllAfrica: https://apple.news/
South Africa: Zuma and Trump - Half a World Apart, Yet Similarly Paranoid and Dangerous
Within the space of a few days, we have been subjected to bizarre but carefully staged performances by US President Donald Trump and former South African President Jacob Zuma. Trump has spewed racist hate-speech against four Democratic Party Congress women of colour, telling them to "go back home" to their "broken" and "crime infested" countries of origin. Zuma, appearing before the Zondo Commission probing allegations of grand corruption during his tenure, has played the victim of a 30-year
Read in AllAfrica: https://apple.news/
Cameroon: The Country's Second Largest Employer Crippled by Separatist Conflict
(Photo: Moki Edwin Kindzeka) Cameroon’s second largest employer, the Cameroon Development Corporation, says it has been paralyzed by the separatist conflict in the country’s English-speaking regions. The agricultural giant has not been able to pay its staff for a year because of falling production and revenue. The village of Meanja used to be a banana production center in Cameroon’s English-speaking southwest. Two years ago, 2,000 people lived here, and many worked for the Cameroon Development
Read in AllAfrica: https://apple.news/
Kenya's president launches Africa's largest wind farm
Kenya's president launches Africa's largest wind farm in bid to attract investors
Read in ABC News: https://apple.news/
Kenya: Govt Should Address Unlawful Killings By Police
It is time for Kenyan authorities to address the scourge of police killings in some of Nairobi's poorest neighborhoods. Human Rights Watch investigations have found that in three separate incidents, Nairobi police killed no less than 21 alleged suspects, apparently unlawfully. Most of the killings were not reported or investigated. Police don't follow their own procedures for reporting each killing. In the few cases where investigations are ongoing, police have failed to cooperate with
Read in AllAfrica: https://apple.news/AsYys0EWvO-
Zimbabwe: Foreign Currency Ban Spurs Demand for Cryptocurrency
Zimbabwe's ban on foreign currency, and the country's soaring inflation, have spurred demand for cryptocurrencies like bitcoin to try to preserve wealth; however, Zimbabwean authorities last year banned banks from processing bitcoin and warn cryptocurrencies are open to hacking. For the past two years, Dennis Kadengu has been buying as much cryptocurrency as he can afford. He uses bitcoin to buy and sell online, which he can't do with Zimbabwe's currency as it is worthless outside the country. "
Read in AllAfrica: https://apple.news/
Zimbabwe: RBZ Explains Reforms to Churches
Reserve Bank of Zimbabwe Governor Dr John Mangudya yesterday met church organisations, under the banner of the Zimbabwe Amalgamated Church Council (ZACC) and explained the new local currency regime following the recent scrapping of multi-currencies. Government removed the multi-currency regime through Statutory Instrument 142, and restricted domestic transactions to the Zimbabwe dollar, in an effort to enhance the affordability of goods and services by the majority. Dr Mangudya said the
Read in AllAfrica: https://apple.news/A7sn4i_
Zimbabwe: Airzim Gets Fresh Hope for International Flights
STRUGGLING flag carrier Air Zimbabwe (AirZim) might regain its wings to fly internationally after a Netherlands-based company, Knighthood Capital (Knighthood), recently tabled an offer to partner the airline in a deal which, if successful, will see the company facilitating the parastatal's access to leased planes. The Zimbabwe Independent has established that Knighthood executives were in the country last month and held a series of meetings with senior officials from the Ministry of Transport
Read in AllAfrica: https://apple.news/AjpDdeAMFO_
Zimbabwe: Farmers Challenge Banning of Private Maize Sales
Two farmers Allan Markham and Clever Rambanapasi aggrieved by the banning of private maize sales by the government have approached the High Court to contest the move. Markham is a philanthropist who buys and sells maize in communities to support many charities. "One of the works I do is to buy maize from farmers particularly communal farmers which I use to feed vulnerable communities particularly communal farmers which I use to feed vulnerable communities particularly the urban poor in place
Read in AllAfrica: https://apple.news/
Zimbabwe: Power Outages Severely Erode Companies' Productive Capacity
Surface Wilmar, one of Zimbabwe's largest cooking oil producers, says power outages, poor industrial policies and lack of competitiveness are hampering the country from attracting investors. Speaking during a tour of the company's plant on Tuesday in Chitungwiza, Surface Wilmar chairperson Narottan Somani said the country was no longer conducive for business due to the power outages and the high cost of doing business. Production at the factory has been suspended for the past 17 days due to load
Read in AllAfrica: https://apple.news/
China will need more than 35 years to upgrade to hi-tech manufacturing industry, study finds
China will only turn into an advanced manufacturing powerhouse in over 35 years at the current rate of progress despite the magnitude of the government’s industrial policy support for new domestic industries, according to a study by Renmin University of…
Read in South China Morning Post: https://apple.news/
Vietnam says Chinese oil survey vessels violated its sovereignty
HANOI (Reuters) - Vietnam said on Friday a Chinese oil survey vessel and its escorts had conducted activities in Vietnam's exclusive economic zone and continental shelf that violated its sovereignty. Vietnam has demanded China stop the "unlawful activities" and that its ships leave Vietnamese waters, the Ministry of Foreign Affairs spokeswoman Le Thi Thu Hang said in a statement. Hang's statement comes days after two Washington-based think-tanks said Vietnamese and Chinese ships had been engaged
Read in Business Insider: https://apple.news/
Chinese teenager who drove flying boat into car park railing may have bright career as pilot
A Chinese teenager who crashed a seaplane into a railing at a lakeside car park in eastern Zhejiang province may have pranked his way into a career as a pilot. The 13-year-old was caught on camera as he took two planes from their Taihu Lake hangar under…
Read in South China Morning Post: https://apple.news/
World Bank pulls funding for new state capital in India after Delhi drops support
The World Bank said on Fridayit had withdrawn $300 million of funding for a new capital inthe south Indian state of Andhra Pradesh after the centralgovernment dropped support for the project.
Read in Reuters: https://apple.news/
China relaxes capital replenishment rules for non-listed banks
BEIJING (Reuters) – China’s banking and insurance regulator said Friday that it has relaxed rules to help country’s non-listed banks replenish capital. The regulator will allow most city commercial banks and rural commercial banks that meet regulatory requirements to issue preferred shares to replenish tier-1 capital, according to a statement by the China Banking and...
Read in CreaWorldNews: https://apple.news/
China's economic slowdown is real, but it's not just about tariffs
China's economic growth has slumped to the lowest in nearly three decades, but the trade war isn't solely to blame.
Read in CNN Business: https://apple.news/
How China’s Simi Mobile is conquering Africa, one country at a time
When Ares Chow Yuqing decided to strike out on his own after working 10 years at a number of domestic Chinese mobile phone suppliers, he looked to a country few of his fellow entrepreneurs would ever think of going: Ethiopia In 2013 Chow established his…
Read in South China Morning Post: https://apple.news/
Queen Elizabeth could be asked to block no-deal Brexit
British media outlets say that senior members of the United Kingdom's ruling Conservative party are so concerned about the country leaving the European Union without a deal that they are considering using an arcane convention to appeal directly to the Queen. CNN's Max Foster explains.
Read in CNN: https://apple.news/
UK lawmakers warn citizens' rights at risk in no-deal Brexit
British lawmakers are meeting the European Union's chief Brexit negotiator, seeking an iron-clad guarantee that 1.3 million U.K. citizens in the bloc won't have their rights removed and lives disrupted in the event of a no-deal U.K. exit
Read in ABC News: https://apple.news/
UK's Johnson will resist calls for Brexit delay, lawmaker Rees-Mogg says
Boris Johnson, the favorite to be the next British prime minister, has the backbone to resist pressure from parliament to delay Brexit again even if it means leaving the European Union without a deal, a leading supporter said on Friday.
Read in Reuters: https://apple.news/
Britain warns Iran of 'serious consequences' if British-flagged oil tanker not released
Iran's seizure of a British oil tanker potentially marks a major escalation in tensions between Iran and the West since they began rising in May.
Read in USA TODAY: https://apple.news/
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/
Read in ABC News: https://apple.news/
Something Just Broke In China As Repo Rate Soars To 1,000% Overnight
Ever since the unexpected failure of China's Baoshang Bank in late May, which caused a freeze in the interbank market among smaller, less credible (and government bankstopped) banks, and which sent rates on Negotiable Certificates of Deposit (NCDs), various bank bonds and assorted report rates sharply higher...
Nightly News Full Broadcast (July 19th)
British-operated oil tanker seized by Iranian forces, U.S. citizen accused of becoming ISIS sniper and training fighters in Syria, and searing heat grips much of the U.S.
Read in NBC News: https://apple.news/
OIL/COMMODITIES/ENERGY
Asia Gold-Consumers cash in on price rally, some switch to silver
* Gold discounts in India widen to highest in about threeyears
Read in Reuters: https://apple.news/
Gold extends rise, as yellow metal’s monster rally persists
Gold futures rise on Friday, adding to a powerful push toward fresh six-year highs, amid a backdrop of lower rates and monetary-policy easing that bulls deem ideal for the metal to rally.
Read in MarketWatch: https://apple.news/
PRECIOUS-Gold eases from six-year peak but remains on track for weekly gain
* Gold up about 1.7% this week
Read in Reuters: https://apple.news/
Oil higher as rising U.S.-Iran tensions stoke worries over flow of crude
Oil futures remain on track for steep weekly declines but trade higher early Friday, a day after the U.S. said it shot down an Iranian drone in the Strait of Hormuz, stoking worries that rising tensions between Washington and Tehran could disrupt the global flow of crude.
Read in MarketWatch: https://apple.news/
Energy transition prompts more insurers to back away from coal
Earlier this month, Chubb became the first U.S. insurance company to limit coal-related underwriting and investing, expanding a global trend that has seen 15 companies — underwriting a total of $313 million in premiums — announce new policy restrictions.
Read in Axios: https://apple.news/
BANKS/BANKING/CREDIT
One Currency For North America? An Artist Busts Borders, Issuing The 'Amero' At A Former Texas Bank
From novel currencies to Bitcoin, a new exhibition at the Galveston Arts Center in Texas challenge economic abstractions with tangible speculations.
Read in Forbes: https://apple.news/
AmEx beats profit on higher card spending; expenses a worry
Credit card issuer American Express Co beat analysts' estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers.
Read in Reuters: https://apple.news/Ac0bKsM_
Car loans mean banks don't need high interest rates to rake in cash
Ally Financial was the latest bank to declare a major profit windfall in its second quarter earnings report, as the U.S. banking industry's largest auto lender reported a profit increase of 67%.
Read in Axios: https://apple.news/
Get ready for more bad news when major banks report next week
Earnings of major European banks kick off next week with UBS Group, Banco Santander and Deutsche Bank among those reporting. If their U.S. and Nordic peers are a guide, it won't be pretty.
Read in My San Antonio: https://apple.news/
TREASURIES/BONDS/STOCKS
Head of the world’s largest asset manager says taking risk off the table in stocks is a mistake
BlackRock Inc.’s founder Larry Fink said that “people are under-invested in equities” now and said that investors shouldn’t pump the brakes on stock buying even as the market trades in record territory.
Read in MarketWatch: https://apple.news/
Opinion: If the stock market is irrational, what do you call the bond market?
It’s even crazier.
Read in MarketWatch: https://apple.news/
Bond market madness wrought by the central banks
When the history of the past decade of ultra-easy monetary policy by the world’s major central banks is written, there will be no shortage of candidates to illustrate how seriously those central banks distorted the world’s credit markets. My favorite pick for that dubious honor is the fact that around $4 billion in high-yield European corporate bonds are now trading with negative yields. Over the past decade, in an effort to boost their respective economies in a world where interest rates had
Read in AEI: https://apple.news/
The Dow Is Rising Because Markets Are Thinking About the Fed, Again
The Dow Jones Industrial Average appears set for a higher open amid mixed signals from the Federal Reserve about a possible interest-rate cut. Microsoft stock was up premarket after a strong report.
Read in Barron's: https://apple.news/
Treasury yields hold ground as Fed remains in focus
U.S. Treasury yields struggle for direction on Friday amid conflicting signs from the Federal Reserve on the case for preemptive rate cuts.
Read in MarketWatch: https://apple.news/
Bond market is not telling us there's an imminent recession: Economist
Ric Deverell, chief economist at Macquarie, gives his outlook for the second-half of the year.
Read in CNBC: https://apple.news/
Sam Zell: I'm worried about the US market
Equity Group Investments founder Sam Zell gives his take on the European and U.S. markets.
Read in Fox News: https://apple.news/
Wall Street Week Ahead: Prospect of Fed cut pushing dividend investors into tech, energy
An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices.
Read in Reuters: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Libra launch won't happen until regulators are happy: Coeure
Global regulators will not let Facebook launch its Libra currency until all their concerns, ranging from money laundering to financial stability, have been addressed and "a prolonged discussion" may be needed first, the man in charge of their response told Reuters.
Read in Reuters: https://apple.news/ApEAq0-
Bitcoin: IRS Takes On The Crooks—And The Good Guys
Are cryptocurrencies reportable for FBAR? For Fatca? No and maybe.
Read in Forbes: https://apple.news/
US Treasury Secretary Mnunchin Says G7 in Agreement on Libra, Cryptocurrencies
“There was a clear agreement ... that Libra in particular raises some very significant concerns, and cryptocurrencies more broadly," said Mnuchin.
Read in CoinDesk: https://apple.news/
Bitcoin Is 'Virtual Property' Says Second China Court
China has officially recognized Bitcoin as a valid phenomenon for a second time after a court determined it is “virtual property.” Bitcoin Is ‘Valuable, Scarce And Disposable’ As reported by Caijing quoting the China Securities Journal, a national newsletter published by the Xinhua News Agency, a court in Hangzhou made the judgement during an ongoing dispute between a cryptocurrency exchange and one of its users. The Hangzhou Internet Court said that Bitcoin is “holds the attributes as property
Read in Bitcoinist.net: https://apple.news/
Short of Target: Bitcoin's $1K Rally Leaves Bear Bias Intact
Bitcoin (BTC) has rallied sharply in the last 24 hours, but the bulls must still beat key resistance just over $11,000.
Read in CoinDesk: https://apple.news/
CURRENCIES
If Trump has a currency war in mind as part of his presidential campaign, he’s not likely to get very far
Donald Trump is in full campaign mode. While America’s president, an anti-establishment populist and former reality television host, has, in truth, never stopped campaigning since he began his run for the White House in 2015, his rhetoric is becoming more…
Read in South China Morning Post: https://apple.news/
Trump wants weaker dollar but it could be a hard sell
President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are efforts by other countries to weaken their own currencies - giving them an unfair trade advantage.
Read in Reuters: https://apple.news/
Dollar Dives as Dovish Fedspeaks Reinforce Rate Cut Bets | Action Forex
Dollar stabilizes in Asian session after steep decline overnight. Bets on Fed’s rate cut this month jumped after dovish comments from some key Fed officials. It seems that Fed might choose not to listen to the solid economic data released recently, but opt for the path of insurance. Treasury yield also tumbled notably. Gold rides […] The post Dollar Dives as Dovish Fedspeaks Reinforce Rate Cut Bets appeared first on Action Forex.
Read in Action Forex: https://apple.news/A8-
Dollar Pares Losses As Market Partly Corrects Confusion Of Magnitude And Timing Of Fed
Comments underscoring the importance of acting preemptively by two Fed officials sent the dollar reeling and helped lift equities after the S&P fell to a two and a half week low.The decline in rates and the US shooting down of an Iranian drone in the Gulf helped spur gold to new six-year highs.There was some attempt to clarify the (NY Fed's) comments and the dollar has pared yesterday's losses.Asia Pacific equities rallied strongly, led by the Nikkei's 2% gain.
Read in Seeking Alpha: https://apple.news/
Canadian Dollar Dives on Retail Sales Miss, Euro Also Weak | Action Forex
Canadian Dollar drops sharply in early US session after big disappointment from retail sales data. The Loonie is currently trading as the weakest one for today. Euro is following as the second weakest as markets increases bet on ECB rate cut. Money markets are pricing in around 60% of a -10bps ECB cut next week. […] The post Canadian Dollar Dives on Retail Sales Miss, Euro Also Weak appeared first on Action Forex.
Read in Action Forex: https://apple.news/A12FctR-
Binance Jersey Lists Exchange's New UK Pound-Backed Stablecoin
The Jersey arm of Binance has listed the cryptocurrency exchange's own British pound-backed stablecoin, BGBP.
Read in CoinDesk: https://apple.news/
VertoFX raises $2M for its African and EM currency trading platform
VertoFX, an Africa and emerging markets focused currency trading and paymentstartup, has raised a $2.1 million seed round, led by Accelerated DigitalVentures.The London based company, with a subsidiary in Lagos, Nigeria, has created aplatform that allows businesses and banks to exchange and make payments inexotic foreign currencies that don't often convert or trade convenientlyacross businesses or banks.For example, South Africa's Rand is Africa's most convertible and tradedcurrency—with lower .
Read in TechCrunch: https://apple.news/AVea-
Australian dollar rises - Inside Retail
Aussie dollar rises against the greenback. The post Australian dollar rises appeared first on Inside Retail.
Read in Inside Retail: https://apple.news/AeUJ0g_
Preparing For The Fed Meeting: Stick With The USD, Gold And Japanese Yen
Leading indicators are still showing that the pressure on core inflation in the US remains firm for the next 12 to 24 months to come.Hence, US policymakers focused on the labour market and inflation should consider either keeping rates steady or continuing their tightening cycle.However, two other main factors are suggesting a different story, which are the persistence of global uncertainty and the dynamics of the Fed Funds rate.We think that a 25bps cut at the July meeting remains the
Read in Seeking Alpha: https://apple.news/
HEALTH / SCIENCE
Parents eye water supply after 7 cancer cases
Parents in one California community are fighting for answers after at least seven children were diagnosed with cancer in recent years. After their push to remove a cell phone tower earlier this year, they are now focusing on a chemical in the drinking water that's linked to cancer. Carter Evans reports.
Read in CBS News: https://apple.news/
After 7 kids get cancer, chemical in city's water scrutinized
Ripon, California, is just one of dozens of cities across the country dealing with the possibly harmful chemical
Read in CBS News: https://apple.news/
“Climate grief”: Fears about the planet’s future weigh on Americans’ mental health
Although there’s no official clinical diagnosis, the psychiatric and psychological communities have names for the phenomenon of worrying about the Earth’s fate: “climate distress,” “climate grief,” “climate anxiety” or “eco-anxiety.” The concept also is gradually making its way into the public consciousness in television shows and movies.
Read in Kaiser Health News: https://apple.news/
Both the "top" and "bottom" blood pressure numbers can increase your risk of heart attack and stroke, study says
People who forget to look at the bottom number in a blood pressure reading may want to check again. When uncontrolled, both measures of blood pressure can increase the risk of heart attack and stroke, according to a study published in the New England Journal of Medicine.
Read in CNN: https://apple.news/
Parents eye water supply after 7 cancer cases
Parents in one California community are fighting for answers after at least seven children were diagnosed with cancer in recent years. After their push to remove a cell phone tower earlier this year, they are now focusing on a chemical in the drinking water that's linked to cancer. Carter Evans reports.
Read in CBS News: https://apple.news/
After 7 kids get cancer, chemical in city's water scrutinized
Ripon, California, is just one of dozens of cities across the country dealing with the possibly harmful chemical
Read in CBS News: https://apple.news/
“Climate grief”: Fears about the planet’s future weigh on Americans’ mental health
Although there’s no official clinical diagnosis, the psychiatric and psychological communities have names for the phenomenon of worrying about the Earth’s fate: “climate distress,” “climate grief,” “climate anxiety” or “eco-anxiety.” The concept also is gradually making its way into the public consciousness in television shows and movies.
Read in Kaiser Health News: https://apple.news/
Both the "top" and "bottom" blood pressure numbers can increase your risk of heart attack and stroke, study says
People who forget to look at the bottom number in a blood pressure reading may want to check again. When uncontrolled, both measures of blood pressure can increase the risk of heart attack and stroke, according to a study published in the New England Journal of Medicine.
Read in CNN: https://apple.news/
Health insurers make it easy for scammers to steal millions. Who pays? You.
Insurers are regarded as defenders of health care dollars, but the case of David Williams shows how they allow costs to rise.
Read in Vox: https://apple.news/A_
Both the "top" and "bottom" blood pressure numbers can increase your risk of heart attack and stroke, study says
People who forget to look at the bottom number in a blood pressure reading may want to check again. When uncontrolled, both measures of blood pressure can increase the risk of heart attack and stroke, according to a study published in the New England Journal of Medicine.
Read in CNN: https://apple.news/
USA / CANADA
Iran rebuffs Trump assertion that U.S. ship downed drone
Iran denied that the U.S. Navy downed one of its drones in the Strait of Hormuz, a day after several close encounters between American warships and the Iranian military in the vital oil shipping route further raised tensions.
Read in The Wall Street Journal: https://apple.news/
U.S. Continues Military Buildup in Saudi Arabia Amid Recent Iran Tensions
July 19, 2019 Trump Says U.S. Shot Down Iranian Drone In The Strait Of Hormuz The United States has begun building its military back up at Prince Sultan Air Base in Saudi Arabia, where the Americans deserted 16 years ago. The move began last month, but will expedite in the coming weeks as Iran ramps up attacks on oil tankers in the Strait of Hormuz and shot down an American drone earlier this summer. The U.S. buildup includes the deployment of fighter jets and long-range Patriot missiles,
Read in Newsweek: https://apple.news/
Americans still think they can make money flipping houses
Many people say real estate is a better investment than stocks, bonds or gold—the real numbers show otherwise
Read in CBS News: https://apple.news/
Trump knocks Fed's 'faulty thought process' over interest rates
President Trump on Friday accused the Federal Reserve of having a "faulty thought process," arguing that the central bank should lower interest rates to match foreign competitors.
Read in The Hill: https://apple.news/
Trump is right, the Fed doesn't know what it's doing and it could get worse: Ron Paul
While he doesn't control monetary policy, the least the president can do is prevent the Fed from running the private marketplace amuck by disobeying orders from Congress, the very body that created it in the first place.
Read in Fox News: https://apple.news/
Searing heat grips much of the U.S. — with the worst still to come
The New York City Triathlon canceled Sunday's event because of excessive heat warnings, and several cities declared heat emergencies.
Read in NBC News: https://apple.news/
EMERGING MARKETS
Frontier markets are on sale — but it could be a wild ride
The asset class is cheap. Much of it is insulated from trade frictions. And countries such as Sri Lanka, Argentina, and Vietnam could benefit from lower U.S. interest rates.
Read in Barron's: https://apple.news/
Dovish Fed talk pushes emerging currency index to four month high
MSCI's Emerging Markets CurrencyIndex surged to its highest level since March 21after dovish comments from a senior Federal Reserve officialstoked demand for riskier assets.
Read in Reuters: https://apple.news/
IBD 50 Stocks To Watch: One Of The Best Bank Stocks Among Emerging Markets
HDFC, one of the best bank stocks among emerging-market economies, has kept pace with U.S. markets this year and could be at an inflection point.
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Colombia wants to become player in copper in next few years -government official
Colombia is looking to become anotable producer of copper within the next few years, the headof the national mining agency said, in a bid to diversify itsmining output without neglecting production of coal and gold.
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Protests Hit Puerto Rico Amid Bankruptcy Woes
Protests Hit Puerto Rico Amid Bankruptcy Woes
Read in TRT World: https://apple.news/
MIDDLE EAST
China calls on US to 'correct' Iran sanctions
China calls on Washington to 'correct' sanctions imposed on Chinese companies accused of helping Iran acquire materials for nuclear program
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Iran Slams US Bans on Its Diplomats in Talks with UN Chief
Iranian Foreign Minister Mohammad Javad Zarif has lashed out at the US’ restrictions on the movement of the staff of the Iranian mission to the UN in New York.
Read in IFP News: https://apple.news/
Sanctions, threats and oil: How close is Iran deal to collapsing?
The clock has begun ticking towards a crucial deadline for Europe to fulfill Iran's demands to deliver concrete financial incentives in order to stop the 2015 nuclear deal from falling apart. But with the early-September date looming, the outlook for the landmark pact signed between Tehran and world powers is growing increasingly bleak. "I am not very optimistic, because there is not much the EU can do to prevent the US sanctions," Ali Noorani, a Tokyo-based Iranian analyst, said, referring to
Read in Aljazeera: https://apple.news/
Iran claims it has "not lost any drone"
President Trump has said an Iranian drone was "destroyed" after threatening a U.S. warship in the Strait of Hormuz
Read in CBS News: https://apple.news/
US and Iran must compromise to prevent a war
The United States has just taken another step up the escalation ladder towards conflict with Iran.
Read in Sky News: https://apple.news/
Stocks - Middle East Tensions Sink a Wall Street Rally
Stock Markets Jul 19, 2019 19:47 GMT Investing.com – What started as a solid stock market rally Friday was mostly wiped out by rising tensions in the Persian Gulf. The catalyst was a report that Iranian authorities had seized a British tanker passing through the narrow Strait of Hormuz, which connects the Persian Gulf to the Indian Ocean and is a critical passage for global oil supplies. Crude oil prices surged in New York and London, creating worries enough to pull stocks back. West Texas
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AFRICA
Nigeria: Buhari Calls for More Actions Against Illicit Financial Flows in Africa
President Muhammadu Buhari Thursday in Abuja called on security agencies in Africa, especially the intelligence community, to tighten the loop against illicit financial flows, attributing rising security challenges to sponsorship by those who profit from illegal financial activities. In a keynote address at the opening session of the 16th Conference of the Committee of Intelligence and Security Services of Africa (CISSA), President Buhari said development and stability on the African continent
Read in AllAfrica: https://apple.news/
South Africa: Zuma and Trump - Half a World Apart, Yet Similarly Paranoid and Dangerous
Within the space of a few days, we have been subjected to bizarre but carefully staged performances by US President Donald Trump and former South African President Jacob Zuma. Trump has spewed racist hate-speech against four Democratic Party Congress women of colour, telling them to "go back home" to their "broken" and "crime infested" countries of origin. Zuma, appearing before the Zondo Commission probing allegations of grand corruption during his tenure, has played the victim of a 30-year
Read in AllAfrica: https://apple.news/
Cameroon: The Country's Second Largest Employer Crippled by Separatist Conflict
(Photo: Moki Edwin Kindzeka) Cameroon’s second largest employer, the Cameroon Development Corporation, says it has been paralyzed by the separatist conflict in the country’s English-speaking regions. The agricultural giant has not been able to pay its staff for a year because of falling production and revenue. The village of Meanja used to be a banana production center in Cameroon’s English-speaking southwest. Two years ago, 2,000 people lived here, and many worked for the Cameroon Development
Read in AllAfrica: https://apple.news/
Kenya's president launches Africa's largest wind farm
Kenya's president launches Africa's largest wind farm in bid to attract investors
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Kenya: Govt Should Address Unlawful Killings By Police
It is time for Kenyan authorities to address the scourge of police killings in some of Nairobi's poorest neighborhoods. Human Rights Watch investigations have found that in three separate incidents, Nairobi police killed no less than 21 alleged suspects, apparently unlawfully. Most of the killings were not reported or investigated. Police don't follow their own procedures for reporting each killing. In the few cases where investigations are ongoing, police have failed to cooperate with
Read in AllAfrica: https://apple.news/AsYys0EWvO-
Zimbabwe: Foreign Currency Ban Spurs Demand for Cryptocurrency
Zimbabwe's ban on foreign currency, and the country's soaring inflation, have spurred demand for cryptocurrencies like bitcoin to try to preserve wealth; however, Zimbabwean authorities last year banned banks from processing bitcoin and warn cryptocurrencies are open to hacking. For the past two years, Dennis Kadengu has been buying as much cryptocurrency as he can afford. He uses bitcoin to buy and sell online, which he can't do with Zimbabwe's currency as it is worthless outside the country. "
Read in AllAfrica: https://apple.news/
Zimbabwe: RBZ Explains Reforms to Churches
Reserve Bank of Zimbabwe Governor Dr John Mangudya yesterday met church organisations, under the banner of the Zimbabwe Amalgamated Church Council (ZACC) and explained the new local currency regime following the recent scrapping of multi-currencies. Government removed the multi-currency regime through Statutory Instrument 142, and restricted domestic transactions to the Zimbabwe dollar, in an effort to enhance the affordability of goods and services by the majority. Dr Mangudya said the
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Zimbabwe: More Zupco Buses Expected in the Country to Ease Transport Challenges
Victoria Falls Zimbabwe is set to increase its fleet of Zupco buses with about 2 000 expected in the country between now and next week. Addressing delegates at the Rural District Councils chairpersons' conference Thursday, President Emmerson Mnangagwa said that he will commission the buses next week. He said 1 000 buses are coming from China, 500 from Belerus and 200 from South Africa. A majority of them will be deployed to urban routes, where scores were allocated in the first phase. Rural
Read in AllAfrica: https://apple.news/
Victoria Falls Zimbabwe is set to increase its fleet of Zupco buses with about 2 000 expected in the country between now and next week. Addressing delegates at the Rural District Councils chairpersons' conference Thursday, President Emmerson Mnangagwa said that he will commission the buses next week. He said 1 000 buses are coming from China, 500 from Belerus and 200 from South Africa. A majority of them will be deployed to urban routes, where scores were allocated in the first phase. Rural
Read in AllAfrica: https://apple.news/
Zimbabwe: Airzim Gets Fresh Hope for International Flights
STRUGGLING flag carrier Air Zimbabwe (AirZim) might regain its wings to fly internationally after a Netherlands-based company, Knighthood Capital (Knighthood), recently tabled an offer to partner the airline in a deal which, if successful, will see the company facilitating the parastatal's access to leased planes. The Zimbabwe Independent has established that Knighthood executives were in the country last month and held a series of meetings with senior officials from the Ministry of Transport
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Zimbabwe: Farmers Challenge Banning of Private Maize Sales
Two farmers Allan Markham and Clever Rambanapasi aggrieved by the banning of private maize sales by the government have approached the High Court to contest the move. Markham is a philanthropist who buys and sells maize in communities to support many charities. "One of the works I do is to buy maize from farmers particularly communal farmers which I use to feed vulnerable communities particularly communal farmers which I use to feed vulnerable communities particularly the urban poor in place
Read in AllAfrica: https://apple.news/
Zimbabwe: Power Outages Severely Erode Companies' Productive Capacity
Surface Wilmar, one of Zimbabwe's largest cooking oil producers, says power outages, poor industrial policies and lack of competitiveness are hampering the country from attracting investors. Speaking during a tour of the company's plant on Tuesday in Chitungwiza, Surface Wilmar chairperson Narottan Somani said the country was no longer conducive for business due to the power outages and the high cost of doing business. Production at the factory has been suspended for the past 17 days due to load
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ASIA
China will need more than 35 years to upgrade to hi-tech manufacturing industry, study finds
China will only turn into an advanced manufacturing powerhouse in over 35 years at the current rate of progress despite the magnitude of the government’s industrial policy support for new domestic industries, according to a study by Renmin University of…
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Vietnam says Chinese oil survey vessels violated its sovereignty
HANOI (Reuters) - Vietnam said on Friday a Chinese oil survey vessel and its escorts had conducted activities in Vietnam's exclusive economic zone and continental shelf that violated its sovereignty. Vietnam has demanded China stop the "unlawful activities" and that its ships leave Vietnamese waters, the Ministry of Foreign Affairs spokeswoman Le Thi Thu Hang said in a statement. Hang's statement comes days after two Washington-based think-tanks said Vietnamese and Chinese ships had been engaged
Read in Business Insider: https://apple.news/
Chinese teenager who drove flying boat into car park railing may have bright career as pilot
A Chinese teenager who crashed a seaplane into a railing at a lakeside car park in eastern Zhejiang province may have pranked his way into a career as a pilot. The 13-year-old was caught on camera as he took two planes from their Taihu Lake hangar under…
Read in South China Morning Post: https://apple.news/
World Bank pulls funding for new state capital in India after Delhi drops support
The World Bank said on Fridayit had withdrawn $300 million of funding for a new capital inthe south Indian state of Andhra Pradesh after the centralgovernment dropped support for the project.
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China relaxes capital replenishment rules for non-listed banks
BEIJING (Reuters) – China’s banking and insurance regulator said Friday that it has relaxed rules to help country’s non-listed banks replenish capital. The regulator will allow most city commercial banks and rural commercial banks that meet regulatory requirements to issue preferred shares to replenish tier-1 capital, according to a statement by the China Banking and...
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China's economic slowdown is real, but it's not just about tariffs
China's economic growth has slumped to the lowest in nearly three decades, but the trade war isn't solely to blame.
Read in CNN Business: https://apple.news/
How China’s Simi Mobile is conquering Africa, one country at a time
When Ares Chow Yuqing decided to strike out on his own after working 10 years at a number of domestic Chinese mobile phone suppliers, he looked to a country few of his fellow entrepreneurs would ever think of going: Ethiopia In 2013 Chow established his…
Read in South China Morning Post: https://apple.news/
EUROPE
Queen Elizabeth could be asked to block no-deal Brexit
British media outlets say that senior members of the United Kingdom's ruling Conservative party are so concerned about the country leaving the European Union without a deal that they are considering using an arcane convention to appeal directly to the Queen. CNN's Max Foster explains.
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UK lawmakers warn citizens' rights at risk in no-deal Brexit
British lawmakers are meeting the European Union's chief Brexit negotiator, seeking an iron-clad guarantee that 1.3 million U.K. citizens in the bloc won't have their rights removed and lives disrupted in the event of a no-deal U.K. exit
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UK's Johnson will resist calls for Brexit delay, lawmaker Rees-Mogg says
Boris Johnson, the favorite to be the next British prime minister, has the backbone to resist pressure from parliament to delay Brexit again even if it means leaving the European Union without a deal, a leading supporter said on Friday.
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Britain warns Iran of 'serious consequences' if British-flagged oil tanker not released
Iran's seizure of a British oil tanker potentially marks a major escalation in tensions between Iran and the West since they began rising in May.
Read in USA TODAY: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Sunday 7/21/19 did update on the indicative rates Sell Rate 1190
The currency auction is 206,196,623
There is one news and announcements.
(Press release) The bank denies the transfer of some social media to the smuggling of the Iraqi currency
Some social media outlets have a video clip showing some currency categories.
July 21, 2019
Some social media outlets have a video clip showing some currency categories.
July 21, 2019
Some social media outlets broadcast a video clip showing some categories of the Iraqi currency in boxes marked with the name of the Central Bank of Iraq, which provoked a crackdown on smuggling of the Iraqi currency. While the bank denies any smuggling operation, it would like to state the following:
1. The funds offered do not belong to the Central Bank, and differ from the special funds in the Iraqi currency in terms of shape, color, material and size.
2. The Central Bank followed up with the security authorities, the Ministry of Foreign Affairs and embassies of the countries mentioned in the video clip. Note that there are previous cases proved by the search, by the security services, not completely correct.
3. So far, these papers have not been found and have not been publicly displayed in any country, and the current investigations have proved to be only pictures and films.
4. The central bank prints its currency in the global printing houses, and monitors its production, from the paper making to the final version, according to tables and serial numbers to check every stage until it is received in Iraq.
5. We warn of the confusion that is taking place with the aim of undermining the country and its successful institutions, including the Central Bank. The sooner one of these institutions succeeds domestically and internationally, the more they come under such slander. The attack comes in line with the announcement of the bank's growth of reserves and control of the exchange rate, in order to reduce this success.
Finally, the central bank calls on all media to be careful in dealing with the news, because inaccurate news has negative effects on the stability of the banking and financial system in Iraq.
1. The funds offered do not belong to the Central Bank, and differ from the special funds in the Iraqi currency in terms of shape, color, material and size.
2. The Central Bank followed up with the security authorities, the Ministry of Foreign Affairs and embassies of the countries mentioned in the video clip. Note that there are previous cases proved by the search, by the security services, not completely correct.
3. So far, these papers have not been found and have not been publicly displayed in any country, and the current investigations have proved to be only pictures and films.
4. The central bank prints its currency in the global printing houses, and monitors its production, from the paper making to the final version, according to tables and serial numbers to check every stage until it is received in Iraq.
5. We warn of the confusion that is taking place with the aim of undermining the country and its successful institutions, including the Central Bank. The sooner one of these institutions succeeds domestically and internationally, the more they come under such slander. The attack comes in line with the announcement of the bank's growth of reserves and control of the exchange rate, in order to reduce this success.
Finally, the central bank calls on all media to be careful in dealing with the news, because inaccurate news has negative effects on the stability of the banking and financial system in Iraq.
ISX Update:
No update yet. Click on link above for latest update.
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
7-20-2019 Newshound Guru Kaperoni A company called SAP announced a few weeks ago that they are...opening an office in Baghdad. One of the things they say in the article is "the real GDP growth in Iraq is expected to double by about 3 times to 8.1% in 2020."... right now I think it's at 2 point something. This company SAP who has come in with an investment strategy they believe the GDP in Iraq is going to 8.1%...If anyone thinks this is going to drag out another year, a year and a half, two years I think they're kidding themselves...we're talking in the next 7 to 12 months they expect the GDP to raise that high.
7-20-2019 Intel Guru Markz Do you have an idea of what the Dong will be at? Mostly what we have are rumors of what it will be revalued at. If we look at the value at when they first devalued it and adjust for basic inflation we'd be in the two dollar range. I've heard anything from $.47 to 2 something and there's one person out there claiming the contract rate is $6 which makes absolutely no sense to me just based on the economics of it. Me personally I think the low two's is realistic and where I personally think it will wind up. But that is my opinion and my thought.
7-20-2019 Newshound Guru Adam Montana Iraq needs HCL (oil law) to really kick things into high gear. The oil law is many things, but of extreme importance is it’s scope regarding Kurdish relations with Baghdad inside the country. Article quote: “This agenda has been developed in accordance with the political agreements between all parties which compose the new cabinet of the KRG…” That’s excellent stuff regarding the HCL…
7-20-2019 Newshound Guru Enorrste [Article: The Liberalization of prices is the most important implication in the market economy...]. I can't help but believe that means floating the currency. You can't liberalize the price without changing the value...I don't know why he didn't say float the currency but he called it liberalization of prices. Sounds like a float to me...wow.
7-20-2019 Newshound Guru Kaperoni Anyone who says nothing is happening in Iraq or there's no progress is really missing the boat because these types of things that may not be effecting us yet are major accomplishments. Remember post war Iraq was literally off the map. They had to rebuild everything from the ground up and to talk about a financial system now that's engaging and preparing the financial system, inter-banking, markets, the electronic banking, ATMs and all that...they're going from the Stone Age...
7-20-2019 Intel Guru Markz Do you have an idea of what the Dong will be at? Mostly what we have are rumors of what it will be revalued at. If we look at the value at when they first devalued it and adjust for basic inflation we'd be in the two dollar range. I've heard anything from $.47 to 2 something and there's one person out there claiming the contract rate is $6 which makes absolutely no sense to me just based on the economics of it. Me personally I think the low two's is realistic and where I personally think it will wind up. But that is my opinion and my thought.
7-20-2019 Newshound Guru Adam Montana Iraq needs HCL (oil law) to really kick things into high gear. The oil law is many things, but of extreme importance is it’s scope regarding Kurdish relations with Baghdad inside the country. Article quote: “This agenda has been developed in accordance with the political agreements between all parties which compose the new cabinet of the KRG…” That’s excellent stuff regarding the HCL…
7-20-2019 Newshound Guru Enorrste [Article: The Liberalization of prices is the most important implication in the market economy...]. I can't help but believe that means floating the currency. You can't liberalize the price without changing the value...I don't know why he didn't say float the currency but he called it liberalization of prices. Sounds like a float to me...wow.
7-20-2019 Newshound Guru Kaperoni Anyone who says nothing is happening in Iraq or there's no progress is really missing the boat because these types of things that may not be effecting us yet are major accomplishments. Remember post war Iraq was literally off the map. They had to rebuild everything from the ground up and to talk about a financial system now that's engaging and preparing the financial system, inter-banking, markets, the electronic banking, ATMs and all that...they're going from the Stone Age...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website; posted on both the Arabic and the English sides)
Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Adel Abdul Mahdi, oversees the launch of the second phase of Operation Victory Will and inspect its pieces in northern Baghdad at dawn on July 20, 2019
The Prime Minister of the Armed Forces, General Adel Abdul Mahdi, inaugurated the second phase of Operation Victory Victory in northern Baghdad and the surrounding areas, the first of which started on Saturday morning.
He met with the leaders and commanders and briefed him on the plans, procedures and formations involved in this process, which aims to achieve security, stability and the rule of law in these areas and to prevent the remnants of a gang calling for infiltration or taking corridors to carry out terrorist operations.
He called upon all military units to perform their duty with high professionalism and with the full support and cooperation of the citizens, clan members, dignitaries and people of the areas covered by the military operation. He said that the unity of our people and its cooperation with our armed forces provide security and stability and conditions for providing services to citizens. The security and services of each one can not be divided to urge the service, administrative, judicial and engineering departments to redouble their efforts to serve the citizens who suffered a lot of neglect and terrorism, and praised the fighters of various formations and praised the high coordination among them and the distinct relationship between the security forces and citizens and gain confidence, Is essential to the success of the process and the achievement of its objectives.
The commander-in-chief of the armed forces was accompanied by the Minister of Defense and Interior, the Popular Propaganda Organization and a number of military commanders in the Baghdad Operations Command, Joint Operations, Federal Police, Rapid Response and Air and River Forces.
Media Office of the Prime Minister
20-July -2019
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ARTICLE 2 (from Government of Iraq twitter account)
- Investors and business leaders from Iraq and around the world gather together with representatives from the @IraqiGovt in Baghdad to discuss investment opportunities, infrastructure and good governance, #InvestIraq
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ARTICLE 3
$ 29 million for Baghdad Industrial City
2019/7/20 21:35
[Baghdad-where]
BAGHDAD - The governor of Baghdad, Falah al-Jazairi, announced on Saturday the allocation of 29 million dollars for the construction of an industrial city described as "big" east of the Iraqi capital.
"The project of the industrial city of Baghdad in the Nahrawan district (35 km east of Baghdad) was approved," the Algerian said in a press statement. "The area of 2,000 dunums has been allocated within the municipal boundaries of the judiciary, after the urban planning and design of that city has been completed."
He added that "this project aims to revive Nahrawan and provide employment for more than 50 thousand citizens Baghdadi."
The governor pointed out that "the industrial city includes all industrial, residential and economic activities," noting that "the completion time of the project 7 years, and cost about 29 million dollars."
He added that "the province of Baghdad is determined to transfer industrial areas, non-polluting to other areas in order to contain the crisis of unemployment and the slums of the capital."
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ARTICLE 4
Al-Suhail: International organizations spend millions of dollars on corrupt activities.
2019/7/20 20:18
[Baghdad-where]
The Minister of Higher Education and Scientific Research Qusay al-Suhail accused international organizations of wasting millions of dollars on corrupt activities.
"We seek to establish cooperative relations and organize joint activities with international organizations, but we have stopped cooperating with each other. We have discovered the falsity of the activities and programs of many of these international organizations and wasted millions of dollars on corrupt fake activities," al-Suhail said in a statement. And the issuance of data and the promotion of incorrect information that harm the reputation of Iraqi universities. "
He pointed out that "we are evaluating this relationship and communicating with its leaders to develop alternative programs that are transparent, credible and useful. Universities should develop electronic communication with ministries and organizations to learn about the various activities to deal with them and know the reality of the situation in all fields." This knowledge provides good ideas for conducting research and writing university papers "He said.
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ARTICLE 5
What are the five early signs of diabetes?
2019/7/20 20:51
[Follow-up]
Diabetes is a disease that does not show symptoms clearly until it develops, but there are changes in the body are early signs of infection, including:
Vision problems: When you are weak in sight and unable to read some of the texts, this indicates changes due to age or diabetes. Visibility problems are very common symptoms of metabolic disorders, which many people are unaware of.
Itching in the genital area: Infections usually occur innate in this area, and this is a serious reason to analyze the blood. Because this region is a very convenient center for infection in men whose blood sugar level is high. That is, itching may be a sign of diabetes as well as for men and women.
Hearing loss: The sudden onset of a hearing loss indicates high blood sugar levels. Because it affects the neurons in the ears, what causes the disorder to recognize sounds. You should see your doctor to make sure you do not have diabetes.
Indifference: The sudden lack of desire to carry out any work that many believe has nothing to do with diabetes. But when a person feels tired even after an 8-hour sleep, he should see the doctor and perform the necessary tests to ensure that he does not have diabetes.
Tingling sensation: Diabetes affects nerves in the human body and affects circulation. Man feels tingling and numbness. This is one of the signs of diabetes known to few.
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