Sunday 9/1/19 Wots
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1192.0000 | 1191.0000 | 1192.0000 | | 00:00 |
| USD/VND | | | 23184.3600 | 23158.5700 | 23182.6200 | | 00:00 |
| USD/CNY | | | 7.1555 | 7.1381 | 7.1435 | | 00:00 |
| USD/KWD | | | 0.3040 | 0.3030 | 0.3030 | | 00:00 |
| GBP/USD | | | 1.2224 | 1.2139 | 1.2180 | | 00:00 |
| USD/IRR | | | 42097.5000 | 42097.5000 | 42097.5000 | | 00:00 |
| USD/IDR | | | 14240.0000 | 14165.0000 | 14239.0000 | | 00:00 |
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DC NY Iraq Articles:dd
The Central Bank approves the rating agencies of banks in Iraq
01/09/2019
Baghdad / Al-Ghad Press:
The Central Bank announced on Sunday, its dependence on international rating agencies to classify banks operating in Iraq.
The bank said in a statement received "Tomorrow Press", a copy of it, that "the Board of Directors of the Central Bank of Iraq decided to adopt rating agencies that have criteria (External Credit Assessment Institution) (ECAI) emanating from the decisions of Basel, to classify financial institutions in Iraq," indicating that "Agencies are standard & Poor, Moody's, Fitch Ratings, and Capital Intelligence."
He added that "the bank will consider the requests made by other rating agencies, and it will require the availability of credit rating from one of the four agencies above for banks operating in Iraq, which wish to conduct the following banking operations: Fixing credits for exporting Iraqi crude oil through the Oil Marketing Company (SOMO), and opening credits Government documents up to $ 50 million, and issuing and accepting letters of guarantee for government departments. "
He pointed out that "this decision is effective in the year 2020 when banks complete their readiness and obtaining the credit rating that qualifies them to practice the banking operations referred to above at any time."
Abadi Coalition: We are considering forming a new alliance with wisdom after the end of reform
11:17 - 01/09/2019
Information / Baghdad ..
The victory coalition headed by Haider al-Abadi, on Sunday, it is considering the option of forming a new alliance with the stream of wisdom to expand the opposition front, while stressing that the alliance of reform and reconstruction no longer exist.
The spokesman for the parliamentary bloc of the coalition MP Falah al-Khafaji in a statement to the information, that " the victory coalition is looking at the option of joining the stream of wisdom to build a new political map constructive opposition and new directions," stressing the existence of talks in this regard.
Al-Khafaji added, "The Alliance for Reform and Reconstruction as an institution no longer exists after the departure of the head of the wisdom movement, Mr. Ammar al-Hakim, and declare the choice of the opposition."
The head of the wisdom movement, Mr. Ammar al-Hakim announced on 23 June last resignation from the presidency of the Alliance for Reform and Reconstruction, which includes victory and others, wisdom, decision and other blocs after the announcement of the opposition.
The victory coalition headed by Haider al-Abadi, on Sunday, it is considering the option of forming a new alliance with the stream of wisdom to expand the opposition front, while stressing that the alliance of reform and reconstruction no longer exist.
The spokesman for the parliamentary bloc of the coalition MP Falah al-Khafaji in a statement to the information, that " the victory coalition is looking at the option of joining the stream of wisdom to build a new political map constructive opposition and new directions," stressing the existence of talks in this regard.
Al-Khafaji added, "The Alliance for Reform and Reconstruction as an institution no longer exists after the departure of the head of the wisdom movement, Mr. Ammar al-Hakim, and declare the choice of the opposition."
The head of the wisdom movement, Mr. Ammar al-Hakim announced on 23 June last resignation from the presidency of the Alliance for Reform and Reconstruction, which includes victory and others, wisdom, decision and other blocs after the announcement of the opposition.
Halbousi meets with the directors of Diwaniyah circles to discuss 4 files
Policy, security and economy
01/09/2019
Speaker of the House of Representatives Mohammed Halbousi, on Sunday, a meeting with directors of government departments and heads of administrative units in the province of Diwaniya, to discuss the files of education and health and the reality of service and security.
Al-Marbad correspondent said that the meeting is held in the presence of the local government in both its executive and legislative branches. The Halbousi has arrived today to the province of Diwaniya to discuss various files, most notably financial allocations and the reality of service.
Newspaper: Unknown persons gather information about working with US agencies in Iraq
2019-09-01 | 03:48
An Arab newspaper has revealed that unknown sources are collecting information about those working with American parties in Iraq, warning of "bad" intentions behind it.
The newspaper quoted a security source as saying that "citizens in parts of Baghdad informed the relevant authorities that there were bodies that have census and recorded information about Iraqis working with US agencies, including the US embassy and relief organizations and media offices, and various destinations as translators or administration staff, guards and drivers."
He added that "an investigation has been opened and asked the population to inform them about those parties as soon as they enter their areas," warning of "the existence of bad intentions behind it." Special Covenant News ...
What do you know about the "American media defense system" inside Iraq
By ahad5 01/09/2019 11:32 AM | The number of readings: 1
Ahd News - Baghdad - special
Everyone in the Iraqi political system knows very well that it was written for Iraq to end, and erased from the geographical map in the region and the world in 2014, and everyone knows that within the plan of erase is to ruin its history forever, and make it an arid desert surrounded by backwardness and atonement.
It is well known that it is only a fraction of the American plan that I drew for Iraq, which was drawn by Walid by chance, moment or tactic of a certain reaction, but it was drawn before it was occupied in 2003, in a thoughtful, organized and loving way.
America was the guarantor of the success of its plan, and was moving according to a time limit through which weakened any balance of power to Iraq as a state and official institutions, until I waited to begin the point of the actual destruction of Iraq in June 2014.
Indeed, it had what it wanted, and brought the western provinces into the darkness, backwardness and atonement, but did not imagine that the men of Iraq return, and any return? It's the return of originality, history and belonging.
America could not, with all its might and advanced capabilities, see its project falling apart and its cards falling before its eyes, and how could it see its construction, which it believed was a strong hardness eaten by the axes and shovels of the armed resistance men, who quickly returned Iraq.
If we live in the current events, we will arrive at a completely different picture of what America wanted for Iraq. The extent of the forestry that it has inflicted on itself cannot be controlled by the growing resistance forces and their active participation in the political process.
Therefore, it is natural for America to work with all its might to work to buy consciences and receivables in order to maintain its presence in Iraq, and to resort to politically bankrupt personalities and recruiting for the role of "the last breath."
For example, the Uprising of Cumber, who lived a marginal political life and a leader known for its experience and patriotism, such as the late "Ahmad Chalabi", before turning against him and go to the care of US interests, at the expense of the country.
Where informed sources revealed, a group of Iraqis living in America and some Western countries, working to try to recruit media, and writers of opinion inside and outside Iraq, to make public opinion contrary to calls to remove US troops from Iraq.
The sources, who preferred not to be named, said that "there are some Iraqi personalities that have played the role of the" godfather "for this subject, including the Intifad Qanbar, has actually moved and inspired by the United States to contact some media and political figures inside and outside Iraq and offer fictitious amounts under several names, including centers for studies and others. ".
The sources said, "The plan includes making public opinion inside Iraq to confront the national trend rejecting the US presence inside Iraq."
She continued, "There are audio recordings obtained for Qanbar with some political figures inside Iraq, including the work to overthrow the national figures and poles of the Islamic resistance, as a first stage before embarking on making an alleged public opinion: the need for the presence of US forces, and to prevent any law issued within House to expel her. "
The sources revealed that "within the plan to grant huge amounts to some figures in the House of Representatives not to vote on the removal of US troops from Iraq."
As revealed by the British newspaper "regarding the money" through a report on the loss of money for US agents in Iraq! That I sent them in a huge military cargo plane.
It seems that this American approach is not new. It was practiced from the first moments of its occupation of Iraq. According to the Guardian, the United States sent billions of dollars to its collaborators in Iraq.
Henry Waxman, chairman of the US Congressional Oversight and Reform Commission, was studying the reconstruction of Iraq.
He confirmed that by examining the details of the money sent to Iraq, he discovered that it was something mysterious is not true, wondering .. Who is the sane who sends 363 tons of US dollars in cash packages of percentage papers, and to whom it is sent.
The United States sent 281 million banknotes to be distributed to Washington customers and contractors in Iraq, and was transported via a giant C-130 cargo plane from New York to Baghdad in batches, at one time two billion and 401 million and 600 thousand dollars
Kauaihn Iraq Articles:dd
Deputy: Parliament intends to legislate controversial laws with Erbil to zero crises
01/09/2019
Baghdad / News:
The deputy of the coalition "Sairon" Alaa al-Rubaie that the parliament seeks to build the state, and end all political differences that stand in the way of building state institutions and development, especially the solution of the Kurdish issue.
Al-Rubaie said in a statement that "among the laws that parliament will work to enact during the new legislative term, oil and gas, retirement, graft and others."
He pointed out that "Parliament will seek to be legislated laws related to differences between the central government on the one hand, and local governments and the region on the other."
According to a member of parliament, "the next steps to be taken by the parliament at the beginning of its legislative chapter, the formation of committees to review a number of laws that are stalled, related to the differences between Baghdad and Erbil," explaining, "The most prominent of these laws are oil and gas, and the budget next year, And the Federal Court, seeking the possibility of enacting Article 140 of the Constitution, which concerns disputed areas between the parties. " He stressed that "Parliament wants to have a role parallel to the role of the government, and not intersecting with them, and that the crisis of the governments of the region and the center of the crises adopted to find solutions," pointing out that "review of the outstanding laws between the parties, in light of progress in a number of The files between the two parties will push for their resolution in the parliament and pass them, which will reflect positively on resolving the differences between the two parties.
The deputy of the coalition "Sairon" Alaa al-Rubaie that the parliament seeks to build the state, and end all political differences that stand in the way of building state institutions and development, especially the solution of the Kurdish issue.
Al-Rubaie said in a statement that "among the laws that parliament will work to enact during the new legislative term, oil and gas, retirement, graft and others."
He pointed out that "Parliament will seek to be legislated laws related to differences between the central government on the one hand, and local governments and the region on the other."
According to a member of parliament, "the next steps to be taken by the parliament at the beginning of its legislative chapter, the formation of committees to review a number of laws that are stalled, related to the differences between Baghdad and Erbil," explaining, "The most prominent of these laws are oil and gas, and the budget next year, And the Federal Court, seeking the possibility of enacting Article 140 of the Constitution, which concerns disputed areas between the parties. " He stressed that "Parliament wants to have a role parallel to the role of the government, and not intersecting with them, and that the crisis of the governments of the region and the center of the crises adopted to find solutions," pointing out that "review of the outstanding laws between the parties, in light of progress in a number of The files between the two parties will push for their resolution in the parliament and pass them, which will reflect positively on resolving the differences between the two parties.
Deputy: Sunni leadership struggle escalates and Halbousi hit opponents in three provinces
10:41 - 01/09/2019
Information / Nineveh ..
Nineveh province MP Shirwan al-Dobardani revealed on Saturday the unprecedented escalation of the leadership struggle within the Sunni political house, pointing out that the speaker of the House of Representatives Mohammed al-Halbousi beat his opponents in three provinces.
Al-Dobardani said in a statement to Al-Maaloumeh that Parliament Speaker Mohammed Al-Halbousi is seeking to lead the Sunni leadership through the recent local elections proposal when thousands of displaced people in Nineveh, Salah al-Din and Kirkuk were not allowed to vote inside their camps.
He added, "Halbousi wants to exclude the dagger and Abu Mazen and Nujaifi and any leader standing in front of him to get the Sunni leadership," adding that "Halbousi violated the law on the vote of the displaced by preventing them from voting and forcing them to return.
Amman - A political movement has been underway in the Jordanian capital Amman for a week, led by Dagger, Rafi al-Issawi, Jamal al-Dari and Osama al-Nujaifi to end the dominance of parliament speaker Mohammed al-Halbousi on the Sunni political scene. Finished / 15x
Nineveh province MP Shirwan al-Dobardani revealed on Saturday the unprecedented escalation of the leadership struggle within the Sunni political house, pointing out that the speaker of the House of Representatives Mohammed al-Halbousi beat his opponents in three provinces.
Al-Dobardani said in a statement to Al-Maaloumeh that Parliament Speaker Mohammed Al-Halbousi is seeking to lead the Sunni leadership through the recent local elections proposal when thousands of displaced people in Nineveh, Salah al-Din and Kirkuk were not allowed to vote inside their camps.
He added, "Halbousi wants to exclude the dagger and Abu Mazen and Nujaifi and any leader standing in front of him to get the Sunni leadership," adding that "Halbousi violated the law on the vote of the displaced by preventing them from voting and forcing them to return.
Amman - A political movement has been underway in the Jordanian capital Amman for a week, led by Dagger, Rafi al-Issawi, Jamal al-Dari and Osama al-Nujaifi to end the dominance of parliament speaker Mohammed al-Halbousi on the Sunni political scene. Finished / 15x
KRG Reaffirms Support to "All" Religious, Ethnic Groups
ERBIL - The Kurdistan Regional Government (KRG) has reaffirmed its support to "all" religious and ethnic groups in the autonomous region, stressing on the coexistence among the components.
The KRG made the comments on Saturday in a congratulatory message to Muslims in the Kurdistan Region and beyond on the Islamic new year occasion.
"On the occasion of the Islamic New Year, we extend our warmest congratulations to Muslims in the Kurdistan Region, Iraq, and beyond," the statement reads, hoping that the new year would bring peace and joy to "all humanity."
It further reminded that the KRG strives to preserve the cultural and peaceful coexistence among all components in the region.
Interior Minister receives German delegation and stresses on developing security cooperation and coordination
01/09/2019
Baghdad / Al-Ghad Press:
Iraqi Interior Minister Yassin al-Yasiri said on Saturday that Iraq is keen to develop security cooperation and coordination with Germany in line with the foundations of stability.
A statement issued by the Information Office of the Ministry of Interior received by "Tomorrow Press," that "Yasiri received a delegation of the Federal Government of Germany, headed by Deputy Adviser for Foreign and Security Policy of German Chancellor Per Gebauer in his office at the ministry."
He added, "Al-Yasiri stressed Iraq's keenness to develop bilateral relations with Germany in a manner consistent with the foundations of security and stability, and the importance of security cooperation and coordination and exchange of experiences between the two countries, stressing the need to dry up the sources of terrorism and pursue extremist ideas that threaten international peace."
According to the statement, the head of the German delegation expressed his happiness to meet with the Minister of Interior, expressing his country's desire to enhance joint cooperation in various fields, especially with regard to assisting refugees and displaced persons.
Iraq and Germany discuss security coordination and exchange of experiences between the two countries
Security 10:46 - 01/09/2019
Baghdad
Interior Minister Yassin al-Yasiri on Saturday discussed with German Chancellor Per Gebauer's deputy foreign and security policy adviser security coordination and exchange of experiences between the two countries.
A statement issued by the Office of the Interior Minister received (Mawazine News), that "Yasiri received today, the delegation of the German federal government, headed by Deputy Adviser for Foreign and Security Policy of German Chancellor Per Gebauer, to discuss the development of bilateral relations between Iraq and Germany and in line with the foundations of security and stability.
Al-Yasiri pointed out, according to the statement, to "the importance of security cooperation and coordination and exchange of experiences between the two countries," stressing "the need to dry up the sources of terrorism and pursue extremist ideas that threaten international peace."
For his part, the head of the German delegation expressed his "happiness to meet with the Minister of Interior" and declared "his country's desire to strengthen joint cooperation in various fields, especially with regard to assisting refugees and displaced personsand even other countries."
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How Trade and Central Bank Policy Are Driving Gold Volatility
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HSBC and Tesco Bank glitch locked customers out of app and phone banking
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Forex: Dollar Close to 1-Month High; Forint Steady Near All-Time Low
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HEALTH / SCIENCE
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Falling New Home Prices, Mortgage Rates, Spark Housing Rebound
Fueled by falling new home prices and falling mortgage rates, the U.S. new home market is experiencing a rebound in its fortunes.Starting with falling new home sale prices, preliminary and revised data reported by the U.S. Census Bureau for July 2019 shows that the average and median sale prices of new homes sold in the United States have continued a downward trend into mid-2019.But it's not just home prices that have been falling in the U.S. Mortgage rates have also been falling since they
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Wall Street Breakfast: Florida Prepares For Dorian Disaster
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted links). Hurricane Dorian is strengthening and is forecast to hit Florida as a Category 4 storm during the busy Labor Day weekend, becoming the first major hurricane to hit the area in 15 years. American Airlines (NASDAQ:AAL) and Southwest (NYSE:LUV) are allowing travelers to change their Florida flights without fees ahead of the storm,
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The “entirety of Florida” could be hit by Hurricane Dorian when it makes landfall as a monster storm
All of Florida is under a state of emergency and authorities are urging residents to stockpile a week's worth of food and supplies as Hurricane Dorian gathers strength and aims to slam the state as soon as Monday as a Category 4 storm.
Read in CNN: https://apple.news/ARHUVW1P9T-
Argentina's foreign investors try to read the default runes
Holding Argentina's sovereign debt has never been for the faint-hearted but the government's announcement of a debt overhaul plan has sent investors scrambling to assess the likelihood that country will again plunge into full-scale default.
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Argentine bond prices fall, country risk soars on debt 'reprofiling' plan
Argentine bond prices fell on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on about $100 billion in debt, raising fear of a full-blown financial crisis.
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Argentina has asked for more time to pay its debts as it struggles to avoid another default
Standard & Poor's announced Thursday it had slashed Argentina's long-term credit rating by three notches into the deepest area of junk debt.
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Gulf of Mexico Oil and Gas Lease Sale Attracts $159 Million in High Bids
WASHINGTON - Last week's sales of Gulf of Mexico leases for oil and gas exploration generated over $159 million in high bids for 151 tracts covering 835,000 acres in federal waters, the Interior Department reports. A total of 27 companies participated in the sale, officially known as "Gulf of Mexico Lease Sale 253," submitting more...
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Brazil’s Bolsonaro awaits news on U.S. help for Amazon
BRASILIA (Reuters) – Brazil’s President Jair Bolsonaro said on Friday he may have news later in the day on his request to U.S. President Donald Trump for help fighting the Amazon rainforest fires, adding that he will talk to German Chancellor Angela Merkel later Friday too. Speaking to reporters in Brasilia, he also said he...
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Brazil bans legal land-clearing fires in wake of Amazon wildfires
Brazil’s government is banning most legal fires, used for land-clearing, for at least 60 days in the wake of the massive blazes that ravaged the Amazon rainforest, according to a new report. An official decree published Thursday prohibited the fires, typically set during the country’s dry season, Fox News reported. Currently, farmers and others are allowed to set some fires as long as they have licenses from environmental authorities, the country’s forest code states. This year, however, there’s
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Brazil sets sights on China's ethanol market, but high volumes unlikely
Brazil's ethanol industry is looking to grab a chunk of China's ethanol market as the Asian nation targets a 10% blend in gasoline to improve air quality, but a short-term jump in exports is unlikely, according to people following the matter.
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After Swiping Puerto Rico, virgin islands a threatful storm "Dorian" heads for Florida.
Hurricane Dorian moved to Pureto Rico and the U.S.Virgin Islands on Wednesday, heading northwest into the Atlantic Ocean and threatening to become a "Category 3 or 4" hurricane. What is a Category 3 Hurricane? The Saffir-Simpson Hurricane Wind Scale is a 1 to 5 rating based on a hurricane's sustained wind speed. The scale is...
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Puerto Rico Mainly Avoids Hurricane Dorian Damage
Puerto Rico was mainly spared from Hurricane Dorian -- but now the storm is barreling toward Florida and Georgia.
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Puerto Rico's financial woes are hurting US infrastructure
While Puerto Rico may have escaped the worst of Hurricane Dorian, its financial troubles — worsened by Hurricane Maria — continue to complicate reinvestment and rebuilding there. Reducing the cost of financing infrastructure improvements will allow both the Puerto Rican and US economies to grow and prosper.
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Tensions between Israel and Iran escalate
CNN's Sam Kiley reports on the growing conflict between Israel and Iran.
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Netanyahu Fails to Reach Trump to Block Zarif Meeting: Report
Israeli Prime Minister Benjamin Netanyahu has scrambled to make sure US President Trump wouldn’t meet Iranian Foreign Minister Mohammad Javad Zarif while he was making his way to France for a surprise visit at the G7 summit on Sunday, US and Israeli officials say.
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Iran expert weighs in likelihood of Trump meeting with Rouhani
Iran Expert Behnam Ben Taleblu weighs in on the likelihood of a meeting between President Trump and Iranian President Hassan Rouhani.
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Iran Says Russia, China Want to Sell It Fighter Jets Amid US Tensions
August 29, 2019 Iran Releases Footage Said To Show Downing Of U.S. Drone The head of Iran's aerospace sector has announced new offers to purchase fighter jets from Russia and China, two countries supporting the Islamic republic as the United States tried to sever its international ties. Iran Aviation Industries Organization Director Brigadier General Abdolkarim Banitarafi was one of a number of international defense officials to attend Russia's 2019 International Aviation and Space Salon (MAKS).
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Iraq confirms Israel behind 'some' Shia militia base attacks: MP
Iraq confirms Israel behind 'some' Shia militia base attacks: MP
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Israel is making the case for war, in public, against Lebanon
Israel's military went on a propaganda offensive against Iran and Hezbollah using social media to drastically increase tensions with neighboring Lebanon hours after Benjamin Netanyahu warned the nation's enemies, in Arabic, to "watch it."
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Japan keen to do business in Africa as China extends reach on continentJapanese Prime Minister Shinzo Abe has renewed a pledge to push for private Japanese investment in Africa, promising billions more in funding as Chinese businesses rapidly expand their presence in the continent. Opening the three-day Tokyo…
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Africa: Our Food Systems Need TransformationRome The right to food is a universal human right. Yet, over 820 million people are going hungry, according the latest edition of the State of Food Security and Nutrition in the World (SOFI 2019). In addition, 2 billion people in the world are food insecure with great risk of malnutrition and poor health" 1. Another report 2 describes the situation even more worrying: "At the global level, one person in three is malnourished today and one in two could be malnourished by 2030 in a business-as-
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Zimbabwe: Zim Human Rights Abuses Rattle UNOutgoing United Nations (UN) Resident Co-ordinator in Zimbabwe Bishow Parajuli says government must bring to justice perpetrators of human rights violations, as lack of action is hurting the country. Parajuli said although the government has made promises to stop human rights abuses and bring to book perpetrators of atrocities on citizens, there was need for action to complement the words. This follows a continuation of brutality and assault on citizens by the country's security forces, after
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Zimbabwe: Re-Engagement Goes Off the RailsLast week's damning statement by the United States, European Union and other members of the international community on the human rights situation in Zimbabwe after opposition protests scheduled for August 16 were banned has thrown President Emmerson Mnangagwa's international re-engagement agenda into disarray. The international community is consistently insisting on the implementation of far-reaching political and economic reforms in line with a roadmap unveiled by the government. While
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Zimbabwe: Don't Pay Bribes, Registrar General Says to Desperate Passport SeekersRegistrar General Clemence Masango has called on Zimbabweans not to pay bribes to any of his officials when seeking for passports and any other identity documents. The senior government official was responding to questions from the media after a tour by the Home Affairs Portfolio Committee at the Registrar General's Department of Passport Production Centre in Harare on Thursday. Masango said there was no justification in Zimbabweans parting with any extra fee other than the one stipulated for
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Zimbabwe: Zim Passport Backlog Balloons to 340k, Only 750 Printed a DayZimbabwe's passport backlog of 340 000 keeps mounting as the Ministry of Home Affairs fails to produce more than 800 passports per day. This was revealed by Registrar General Clemence Masango during a Thursday tour of the passport production centre, Josiah Magama Tongogara Barracks by the Parliamentary Portfolio Committee on Home Affairs. Home Affairs Minister Cain Mathema earlier this month promised the nation that government will soon be producing 3 000 passports per day but Masango said they
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Zimbabwe: Chimedza - SADC, Political Elite Is Blind to Suffering of the Masses in ZimbabweTanzania recently hosted the Southern Africa Development Community (SADC) Summit and, as part of the resolutions, the leaders condemned sanctions against Zimbabwe. They agreed to make October 25, 2019 a"day of political action against sanctions" in solidarity with Zimbabwe. The ruling Zimbabwe African National Union Patriotic Front (Zanu-PF), celebrated the resolution as a victory. But, as the summit was going on, in Zimbabwe, the opposition had organised national protests, which were brutally
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Burundi Has Minerals, Economy Will Thrive - Return and Help Build the CountryBujumbura Burundi's First Vice-President Gaston Sindimwo spoke with Moses Havyarimana about the country's economy, politics and regional integration. Burundi has faced economic growth challenges since 2015. What is the current state of the economy? The economic downturn is a global issue currently. But given the prospects, we are hopeful; we see a better tomorrow because we have minerals. We are working with mining companies and we ask Burundians living outside the country to come back and help
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The world — especially the U.S. — is increasing its investment in Chinese markets
China's bond and equity markets have been slowly opening up to foreigners. They're now beginning to see fairly significant inflows that are growing much more quickly than foreign direct investment.
Read in Axios: https://apple.news/
Japan keen to do business in Africa as China extends reach on continent
Japanese Prime Minister Shinzo Abe has renewed a pledge to push for private Japanese investment in Africa, promising billions more in funding as Chinese businesses rapidly expand their presence in the continent. Opening the three-day Tokyo…
Read in South China Morning Post: https://apple.news/
Hong Kong is not Tiananmen, history offers no guidance
Virtually all my friends, regardless of their academic or business backgrounds, are history buffs. Accountants, senior civil servants, retired scientists and investors with mainland factories – all read lots of history books and biographies, the more…
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China and Philippines form steering group on sea resources as leaders meet amid growing tensions
Chinese President Xi Jinping said China and the Philippines could take a “bigger step” in the joint development of oil and gas resources in the South China Sea after the countries set up a committee for exploration. Xi said on Thursday he wanted to work…
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Foreign exchange markets tell us no-deal Brexit is a risk: Strategist
Sarah Hewin, chief economist for Europe and Americas at Standard Chartered Bank, gives her take on what Brexit means for markets.
Read in CNBC: https://apple.news/
The government warns UK food manufacturers that some egg supplies could run out in Brexit panic
Boris Johnson. Exclusive: Government officials told the food industry that supplies of liquid egg could run out in a no-deal Brexit. Industry leaders were warned this week that liquid egg, which is a key ingredient for UK food manufacturers, had been added to the list of foods that could be in short supply if the UK leaves the EU without a deal at the end of October. The private warnings contradict UK Prime Minister Boris Johnson's claim this week that it is "highly unlikely" there will be food
Read in Business Insider: https://apple.news/AIS5O-JhxQ_
Brexit could lead to new strong trade partners in the EU
"Poland is going to be the biggest most important ally in the EU once the Brits leave the European Union," President of the U.S.-Poland Business Council Eric Stewart said.
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Brexit: MPs trying to block no deal make it more likely, says Boris Johnson
The PM says the way to get a Brexit agreement is to stop the EU thinking MPs are going to block no deal.
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GLOBAL/NEWS/INFO
OIL/COMMODITIES/ENERGY
How Trade and Central Bank Policy Are Driving Gold Volatility
China-U.S. Trade War, Hong Kong unrest and Fed policy have been tailwinds for the yellow metal. Why does the price of gold fluctuate and why has the precious metal seen so much volatility in recent months? During times of expansion and a robust economy, investors typically opt for riskier assets with the potential for higher returns. In times of market volatility and economic contraction, gold becomes a safe-haven investment as investors look for steadier returns and lower risk to their
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PRECIOUS-Gold inches higher, eyes best month in three years
* Silver on track for best month since June 2016
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* Silver on track for best month since June 2016
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Gold Has Soared This Year. It’s Time to Sell Some.
Gold is overbought and hitting resistance. The Institutional View’s Andrew Addison explains why it’s time to take some profits.
Read in Barron's: https://apple.news/
How Trade and Central Bank Policy Are Driving Gold Volatility
China-U.S. Trade War, Hong Kong unrest and Fed policy have been tailwinds for the yellow metal. Why does the price of gold fluctuate and why has the precious metal seen so much volatility in recent months? During times of expansion and a robust economy, investors typically opt for riskier assets with the potential for higher returns. In times of market volatility and economic contraction, gold becomes a safe-haven investment as investors look for steadier returns and lower risk to their
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Silver rally is stealing the show even as gold surges to 6-year high
Precious metals scored impressive gains in August, with gold poised for a fourth consecutive monthly rise and silver steadily outpacing the price climb of its sister metal. Both have plenty of reasons to move even higher in the weeks to come.
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Rick Rule: Silver Demand Increasing As Negative-Yielding Debt Continues To Grow
As central banks around the globe are cutting rates and getting ready for QE, the silver market has started to heat up.Many are wondering whether this is another false start or finally the beginning of the bigger bull market that's become inevitable.Mining and resource stock expert Rick Rule of Sprott Global joined me on the show.
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Oil Prices Mixed; U.S.-China Trade War Takes Unexpected Turn for the Better
Commodities Aug 30, 2019 04:02 GMT Investing.com - Oil prices were mixed on Friday in Asia as the Sino-U.S. trade war has seemingly took an unexpected turn for the better. U.S. Crude Oil WTI Futures slipped 0.1% to $56.66 by 12:00 AM ET (04:00 GMT). International Brent Oil Futures gained 0.2% to $60.59. Investors sentiment improved today after the Chinese Ministry of Commerce said it is willing to "negotiate and collaborate” with the U.S. on trade matters, and that it will not retaliate against
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Mexico nearing $1 billion oil hedge program: sources
Mexico is close to executing its annual oil hedging program on Wall Street, three people familiar with the matter said this week, after oil price volatility and a coming change to marine fuel regulations slowed the process.
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Natural Gas: Back To Fair Value
This week saw EIA report +60 Bcf for the week ending Aug. 23. This was higher than our forecast of +56 Bcf and in-line with the consensus average of +60.For the week ending Aug. 30, we have a build of 75 Bcf. EOS is now 3.725 Tcf.The recent price rise we are seeing is putting natural gas back to its fair value.For October, we estimate a fair value of ~$2.35 with the value rising to ~$2.70/MMBtu for January contracts.In order for the fair value to rise going forward, lower 48 production needs to
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BANKS/BANKING/CREDIT
Debunking money myths: 8 things that won't actually hurt your credit
Does getting married affect your credit score? Contrary to what some might think, you don't share credit.
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What Credit Inflation Can Do For You
Bond prices continue to rise, and the total returns that have been earned in the bond market continue to show major gains.Credit inflation has moved into another part of the world and is providing substantial gains for those that can participate in the game.Unfortunately, credit inflation is not helping economies to grow, and this means that gains are going to those making financial bets while economies continue to fester.
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HSBC and Tesco Bank glitch locked customers out of app and phone banking
HUNDREDS of HSBC and Tesco Bank customers were locked out of apps and online banking this morning. The outage comes just days after numerous problems with NatWest's website this week. On website DownDetector, there were 436 reports of problems with HSBC this morning with key issues being internet banking (64 per cent) and mobile banking...
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China's banks face earnings squeeze due to rate reform, trade war uncertainty
China's banks face pressure on earnings and asset quality in the coming months as interest rate reforms squeeze margins and a Chinese-U.S. trade war adds to economic uncertainty.
Read in Reuters: https://apple.news/AzSMbyOp_Q-
How Technology Has Changed the Banking Industry
The remnants of the 2008 financial crisis left a multigenerational scar on our collective psyche. The salve is innovation. Accordingly, we have been watching the rise of financial technology, or fintech. Multiple challenger banks — N26 being the latest one to enter the U.S. market — have threatened the traditional business models of banks and...
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What would we do without them? Labor Day marks 50 years since the ATM made its U.S. debut
This Labor Day will mark the 50th anniversary of the ATM in the U.S. It debuted at a Chemical Bank in Long Island on Sept. 2, 1969.
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TREASURIES/BONDS/STOCKS
Treasury yields hold ground ahead of inflation dataTreasury yields hold their ground on Friday ahead of a key update on the state of inflationary pressures percolating in the U.S. economy.
Read in MarketWatch: https://apple.news/An-
Risk Aversion Is The Big Story, Not The Yield CurveThe yield curve is inverted now, but there are other important indicators which at this time fail to confirm the yield curve signal.Market-based indicators suggest the economy and financial markets are still in reasonably healthy condition.I believe that very low interest rates are not necessarily a sign of an impending recession, but instead, likely reflect widespread risk aversion among market participants.
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Stock Market Getting Cheaper (Relative To Bonds)Most of the indicators signalling an increase in the probability of a recession are variables that have shown to be statistically leading the recession, but they cannot always be seen as the cause of one.In the search of a cause for a recession, we typically look for imbalances. One that has mattered in the past is asset price bubbles.Standard valuation metrics of the stock market suggest that in the last quarters, the market has gotten cheaper and moved further away from bubble territory.
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Market Whiplash From Trade War SeesawHow does the specter of a global economic slowdown impact the trade tactics on both sides?What would a tactical retreat on trade mean?Will be any trade deal, short term or long term? And what are the investment implications?
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3 Things Under the Radar This WeekEconomy Aug 30, 2019 20:08 GMT Investing.com - Here are three things that fell under the radar this week 1. Bulls Squirm as Popular Indicator Flashes 'Sell' Some blame the bitcoin whales. Others blame constant bashing by lawmakers. But bitcoin’s plunge this week could be traced to fear about lines on a chart signaling it may be time to run for the exits. Bitcoin’s weekly moving average convergence divergence (MACD) histogram – used to determine whether a bullish or bearish move is strengthening
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CRYPTO / DIGITAL CURRENCIES
China's Digital Currency Will Be Two-Tiered, Replace Cash: BinanceBinance claims the PBOC’s system will allow fund transfers without the need for a bank account using what it terms ‘decoupled’ banking.
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China’s new bitcoin rival to displace banks and boost state surveillance, report saysChina’s plans for a state-backed cryptocurrency could eliminate the need for bank accounts, new research has suggested.
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Ethereum Client Becomes First Public Blockchain on HyperledgerHyperledger is adding the ConsenSys-backed, enterprise-focused Pantheon to its consortium, deepening its relationship with the ethereum community.
Read in CoinDesk: https://apple.news/
Why Tether Volume Is at All-Time HighsThe dollar-pegged stablecoin tether (USDT) has become a virtual bridge between Chinese traders and global markets.
Read in CoinDesk: https://apple.news/
Top 10 Cryptocurrencies Now Trading Below 200-Day Price AveragesBTC now stands alone in the top 10 cryptocurrencies by market value, with the rest having fallen below a key long-term moving average.
Read in CoinDesk: https://apple.news/
CURRENCIES
Forex: Dollar Close to 1-Month High; Forint Steady Near All-Time Low
Forex Aug 30, 2019 08:03 GMT Investing.com -- The dollar rose to its highest level in nearly a month in early trading on Friday, enjoying continued support from tentative signs of rapprochement in the trade war with China ahead of the long Labor Day weekend. The dollar made some of its strongest gains against the safe haven Swiss franc, which has also lost ground against the euro this week amid continued suggestions that the Swiss National Bank is quietly intervening to counteract the effect of
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U.S. Dollar Finishing August On Firm Note As Euro Nears 2-Year Lows
Global equities are advancing at least in part on ideas that trade tensions are easing.The yuan was stronger in the Asian session, but has given back those gains in Europe.The US dollar is holding a little below HKD7.85, the top end of the band.Most of the data that Japan reported today was unexpectedly good.The US reports July personal income and consumption figures.
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Sterling investors hold their nerve despite Johnson's gambit
Prime Minister Boris Johnson's most audacious bid yet to take Britain out of the European Union on Oct. 31 with or without a deal on their future relations is not panicking money managers yet.
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BOJ policymaker warns of dangers of more monetary easing
By Leika Kihara KUMAMOTO, Japan (Reuters) – Bank of Japan board member Hitoshi Suzuki on Thursday warned of the potential dangers of ramping up monetary stimulus, saying further declines in borrowing costs could hurt consumers by prompting commercial banks to charge fees on deposits. Suzuki, a former commercial banker turned BOJ policymaker, said the BOJ...
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Forex - U.S. Dollar, Yen Little Changed as Sino-U.S. Trade Tensions Ease
Forex Aug 30, 2019 02:54 GMT Investing.com - The U.S. dollar and the Japanese yen were largely flat on Friday in Asia as tensions between China and the U.S. seemingly eased somewhat. The USD/JPY pair last traded at 106.46 by 11:00 AM ET (03:00 GMT), down 0.03%. Gao Feng, spokesman for China’s Foreign Ministry, said China is willing to negotiate with the U.S. on trade issues “with calm attitude,” adding that Beijing will not retaliate against U.S.’s latest tariff moves for now. His comments sent
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China’s regulator relaxes currency conversion rules throughout Shenzhen, sharpening city’s edge in Greater Bay Area
The Chinese government has eased the rules for converting hard currencies into the yuan in Shenzhen, the special economic zone set up four decades ago to spearhead China’s economic reforms, taking another major step in sharpening the city’s…
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China’s yuan exchange rate set to post largest monthly decline since 1994
China’s yuan exchange rate is set to post its largest monthly decline in more than 25 years, as the Chinese government let the partially convertible currency depreciate in response to higher US trade tariffs and a weakening export outlook. The yuan is on…
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HEALTH / SCIENCE
Walmart is piloting a new health clinic offering mental health and dental services, in the retail giant's latest healthcare test
A Walmart pharmacy. Walmart is opening a new health clinic in Dallas, Georgia next month. The clinic will offer primary care services as well as hearing tests, vision tests, and counseling sessions, according to its website. Walmart has been delving into the healthcare space for some time, and already offers healthcare services in a handful of locations. Visit Business Insider's homepage for more stories. Walmart is planning yet another healthcare test, as the biggest US retailer plots out its
Read in Business Insider: https://apple.news/
These Are the Fastest Ways to Stabilize Your Blood Sugar If You Have Diabetes
It takes practice, but maintaining healthy blood sugar levels is totally doable.
Read in Health: https://apple.news/
Our First Year with Diabetes
When my 7-year-old son was diagnosed with diabetes, I had no idea how dramatically the disease would impact our entire family.
Read in Health: https://apple.news/
How I Run 100-Mile Races with Type 1 Diabetes
Robin Arzon shares how she learned to cope with the chronic disease as an ultramarathoner and head instructor at Peloton—and how it's made her stronger.
Read in Health: https://apple.news/
How Can You Get Chemical Pneumonia From Vaping? Pulmonologists Explain
Yet another reason to put the e-cigarette down.
Read in Health: https://apple.news/
USA / CANADA
U.S. Inflation Stays Muted in July Though New China Tariffs Loom This Weekend
Prices on consumer purchases, excluding food and energy, rise by 0.2% in July, leaving them up 1.6% over the past 12 months, unchanged from the June pace. Consumers increased their spending, even though growth slipped in personal income. A government report Friday showed a key gauge of inflation continuing to rise at a subdued pace in July, though growth slowed in personal income. Prices on consumer purchases, excluding food and energy, rose by 0.2% in June, leaving them up 1.6% over the past 12
Read in TheStreet: https://apple.news/Ao_
Consumer spending surges in July and low inflation paves way for Fed to cut rates
Americans boosted spending in July on recreational goods and vehicles as well as energy to run their air conditioners, but inflation remained low enough to give the Federal Reserve room to cut interest rates next month.
Read in MarketWatch: https://apple.news/
Historic economic boom passes by half of American families
The decadelong economic expansion has showered the U.S. with new wealth, driven by a booming stock market. But half of U.S. households have seen little gain, as it has become more difficult to buy a first home.
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Weekly Unemployment Claims: Up 4K, As Expected
This latest seasonally adjusted 215K new claims was at the Investing.com forecast.It was up 4K from the previous week's revised 211K.The 4-week moving average was 214,500, a decrease of 500 from the previous week's revised average.
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Falling New Home Prices, Mortgage Rates, Spark Housing Rebound
Fueled by falling new home prices and falling mortgage rates, the U.S. new home market is experiencing a rebound in its fortunes.Starting with falling new home sale prices, preliminary and revised data reported by the U.S. Census Bureau for July 2019 shows that the average and median sale prices of new homes sold in the United States have continued a downward trend into mid-2019.But it's not just home prices that have been falling in the U.S. Mortgage rates have also been falling since they
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Wall Street Breakfast: Florida Prepares For Dorian Disaster
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted links). Hurricane Dorian is strengthening and is forecast to hit Florida as a Category 4 storm during the busy Labor Day weekend, becoming the first major hurricane to hit the area in 15 years. American Airlines (NASDAQ:AAL) and Southwest (NYSE:LUV) are allowing travelers to change their Florida flights without fees ahead of the storm,
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The “entirety of Florida” could be hit by Hurricane Dorian when it makes landfall as a monster storm
All of Florida is under a state of emergency and authorities are urging residents to stockpile a week's worth of food and supplies as Hurricane Dorian gathers strength and aims to slam the state as soon as Monday as a Category 4 storm.
Read in CNN: https://apple.news/ARHUVW1P9T-
EMERGING MARKETS
Argentina's foreign investors try to read the default runes
Holding Argentina's sovereign debt has never been for the faint-hearted but the government's announcement of a debt overhaul plan has sent investors scrambling to assess the likelihood that country will again plunge into full-scale default.
Read in Reuters: https://apple.news/
Argentine bond prices fall, country risk soars on debt 'reprofiling' plan
Argentine bond prices fell on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on about $100 billion in debt, raising fear of a full-blown financial crisis.
Read in Reuters: https://apple.news/
Argentina has asked for more time to pay its debts as it struggles to avoid another default
Standard & Poor's announced Thursday it had slashed Argentina's long-term credit rating by three notches into the deepest area of junk debt.
Read in CNBC: https://apple.news/A3we-nS_
Chilean retailers suffer as Argentine tourist numbers fall
The sight of Argentine tourists filling entire suitcases with goods in Chilean shopping malls is no longer as common as it once was.
Read in Reuters: https://apple.news/
The sight of Argentine tourists filling entire suitcases with goods in Chilean shopping malls is no longer as common as it once was.
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Gulf of Mexico Oil and Gas Lease Sale Attracts $159 Million in High Bids
WASHINGTON - Last week's sales of Gulf of Mexico leases for oil and gas exploration generated over $159 million in high bids for 151 tracts covering 835,000 acres in federal waters, the Interior Department reports. A total of 27 companies participated in the sale, officially known as "Gulf of Mexico Lease Sale 253," submitting more...
Read in The Well News: https://apple.news/
Brazil’s Bolsonaro awaits news on U.S. help for Amazon
BRASILIA (Reuters) – Brazil’s President Jair Bolsonaro said on Friday he may have news later in the day on his request to U.S. President Donald Trump for help fighting the Amazon rainforest fires, adding that he will talk to German Chancellor Angela Merkel later Friday too. Speaking to reporters in Brasilia, he also said he...
Read in CreaWorldNews: https://apple.news/
Brazil bans legal land-clearing fires in wake of Amazon wildfires
Brazil’s government is banning most legal fires, used for land-clearing, for at least 60 days in the wake of the massive blazes that ravaged the Amazon rainforest, according to a new report. An official decree published Thursday prohibited the fires, typically set during the country’s dry season, Fox News reported. Currently, farmers and others are allowed to set some fires as long as they have licenses from environmental authorities, the country’s forest code states. This year, however, there’s
Read in New York Post: https://apple.news/
Brazil sets sights on China's ethanol market, but high volumes unlikely
Brazil's ethanol industry is looking to grab a chunk of China's ethanol market as the Asian nation targets a 10% blend in gasoline to improve air quality, but a short-term jump in exports is unlikely, according to people following the matter.
Read in Reuters: https://apple.news/
After Swiping Puerto Rico, virgin islands a threatful storm "Dorian" heads for Florida.
Hurricane Dorian moved to Pureto Rico and the U.S.Virgin Islands on Wednesday, heading northwest into the Atlantic Ocean and threatening to become a "Category 3 or 4" hurricane. What is a Category 3 Hurricane? The Saffir-Simpson Hurricane Wind Scale is a 1 to 5 rating based on a hurricane's sustained wind speed. The scale is...
Read in News Landed: https://apple.news/
Puerto Rico Mainly Avoids Hurricane Dorian Damage
Puerto Rico was mainly spared from Hurricane Dorian -- but now the storm is barreling toward Florida and Georgia.
Read in HuffPost: https://apple.news/
Puerto Rico's financial woes are hurting US infrastructure
While Puerto Rico may have escaped the worst of Hurricane Dorian, its financial troubles — worsened by Hurricane Maria — continue to complicate reinvestment and rebuilding there. Reducing the cost of financing infrastructure improvements will allow both the Puerto Rican and US economies to grow and prosper.
Read in CNN Business: https://apple.news/
MIDDLE EAST
Tensions between Israel and Iran escalate
CNN's Sam Kiley reports on the growing conflict between Israel and Iran.
Read in CNN: https://apple.news/AQFUR_
Netanyahu Fails to Reach Trump to Block Zarif Meeting: Report
Israeli Prime Minister Benjamin Netanyahu has scrambled to make sure US President Trump wouldn’t meet Iranian Foreign Minister Mohammad Javad Zarif while he was making his way to France for a surprise visit at the G7 summit on Sunday, US and Israeli officials say.
Read in IFP News: https://apple.news/
Iran expert weighs in likelihood of Trump meeting with Rouhani
Iran Expert Behnam Ben Taleblu weighs in on the likelihood of a meeting between President Trump and Iranian President Hassan Rouhani.
Read in The Hill: https://apple.news/
Iran Says Russia, China Want to Sell It Fighter Jets Amid US Tensions
August 29, 2019 Iran Releases Footage Said To Show Downing Of U.S. Drone The head of Iran's aerospace sector has announced new offers to purchase fighter jets from Russia and China, two countries supporting the Islamic republic as the United States tried to sever its international ties. Iran Aviation Industries Organization Director Brigadier General Abdolkarim Banitarafi was one of a number of international defense officials to attend Russia's 2019 International Aviation and Space Salon (MAKS).
Read in Newsweek: https://apple.news/
Iraq confirms Israel behind 'some' Shia militia base attacks: MP
Iraq confirms Israel behind 'some' Shia militia base attacks: MP
Read in The New Arab: https://apple.news/
Israel is making the case for war, in public, against Lebanon
Israel's military went on a propaganda offensive against Iran and Hezbollah using social media to drastically increase tensions with neighboring Lebanon hours after Benjamin Netanyahu warned the nation's enemies, in Arabic, to "watch it."
Read in CNN: https://apple.news/
AFRICA
Japan keen to do business in Africa as China extends reach on continentJapanese Prime Minister Shinzo Abe has renewed a pledge to push for private Japanese investment in Africa, promising billions more in funding as Chinese businesses rapidly expand their presence in the continent. Opening the three-day Tokyo…
Read in South China Morning Post: https://apple.news/
Africa: Our Food Systems Need TransformationRome The right to food is a universal human right. Yet, over 820 million people are going hungry, according the latest edition of the State of Food Security and Nutrition in the World (SOFI 2019). In addition, 2 billion people in the world are food insecure with great risk of malnutrition and poor health" 1. Another report 2 describes the situation even more worrying: "At the global level, one person in three is malnourished today and one in two could be malnourished by 2030 in a business-as-
Read in AllAfrica: https://apple.news/
Zimbabwe: Zim Human Rights Abuses Rattle UNOutgoing United Nations (UN) Resident Co-ordinator in Zimbabwe Bishow Parajuli says government must bring to justice perpetrators of human rights violations, as lack of action is hurting the country. Parajuli said although the government has made promises to stop human rights abuses and bring to book perpetrators of atrocities on citizens, there was need for action to complement the words. This follows a continuation of brutality and assault on citizens by the country's security forces, after
Read in AllAfrica: https://apple.news/
Zimbabwe: Re-Engagement Goes Off the RailsLast week's damning statement by the United States, European Union and other members of the international community on the human rights situation in Zimbabwe after opposition protests scheduled for August 16 were banned has thrown President Emmerson Mnangagwa's international re-engagement agenda into disarray. The international community is consistently insisting on the implementation of far-reaching political and economic reforms in line with a roadmap unveiled by the government. While
Read in AllAfrica: https://apple.news/
Zimbabwe: Don't Pay Bribes, Registrar General Says to Desperate Passport SeekersRegistrar General Clemence Masango has called on Zimbabweans not to pay bribes to any of his officials when seeking for passports and any other identity documents. The senior government official was responding to questions from the media after a tour by the Home Affairs Portfolio Committee at the Registrar General's Department of Passport Production Centre in Harare on Thursday. Masango said there was no justification in Zimbabweans parting with any extra fee other than the one stipulated for
Read in AllAfrica: https://apple.news/
Zimbabwe: Zim Passport Backlog Balloons to 340k, Only 750 Printed a DayZimbabwe's passport backlog of 340 000 keeps mounting as the Ministry of Home Affairs fails to produce more than 800 passports per day. This was revealed by Registrar General Clemence Masango during a Thursday tour of the passport production centre, Josiah Magama Tongogara Barracks by the Parliamentary Portfolio Committee on Home Affairs. Home Affairs Minister Cain Mathema earlier this month promised the nation that government will soon be producing 3 000 passports per day but Masango said they
Read in AllAfrica: https://apple.news/
Zimbabwe: Chimedza - SADC, Political Elite Is Blind to Suffering of the Masses in ZimbabweTanzania recently hosted the Southern Africa Development Community (SADC) Summit and, as part of the resolutions, the leaders condemned sanctions against Zimbabwe. They agreed to make October 25, 2019 a"day of political action against sanctions" in solidarity with Zimbabwe. The ruling Zimbabwe African National Union Patriotic Front (Zanu-PF), celebrated the resolution as a victory. But, as the summit was going on, in Zimbabwe, the opposition had organised national protests, which were brutally
Read in AllAfrica: https://apple.news/
Burundi Has Minerals, Economy Will Thrive - Return and Help Build the CountryBujumbura Burundi's First Vice-President Gaston Sindimwo spoke with Moses Havyarimana about the country's economy, politics and regional integration. Burundi has faced economic growth challenges since 2015. What is the current state of the economy? The economic downturn is a global issue currently. But given the prospects, we are hopeful; we see a better tomorrow because we have minerals. We are working with mining companies and we ask Burundians living outside the country to come back and help
Read in AllAfrica: https://apple.news/
ASIA
The world — especially the U.S. — is increasing its investment in Chinese markets
China's bond and equity markets have been slowly opening up to foreigners. They're now beginning to see fairly significant inflows that are growing much more quickly than foreign direct investment.
Read in Axios: https://apple.news/
Japan keen to do business in Africa as China extends reach on continent
Japanese Prime Minister Shinzo Abe has renewed a pledge to push for private Japanese investment in Africa, promising billions more in funding as Chinese businesses rapidly expand their presence in the continent. Opening the three-day Tokyo…
Read in South China Morning Post: https://apple.news/
Hong Kong is not Tiananmen, history offers no guidance
Virtually all my friends, regardless of their academic or business backgrounds, are history buffs. Accountants, senior civil servants, retired scientists and investors with mainland factories – all read lots of history books and biographies, the more…
Read in South China Morning Post: https://apple.news/
China and Philippines form steering group on sea resources as leaders meet amid growing tensions
Chinese President Xi Jinping said China and the Philippines could take a “bigger step” in the joint development of oil and gas resources in the South China Sea after the countries set up a committee for exploration. Xi said on Thursday he wanted to work…
Read in South China Morning Post: https://apple.news/
EUROPE
Foreign exchange markets tell us no-deal Brexit is a risk: Strategist
Sarah Hewin, chief economist for Europe and Americas at Standard Chartered Bank, gives her take on what Brexit means for markets.
Read in CNBC: https://apple.news/
The government warns UK food manufacturers that some egg supplies could run out in Brexit panic
Boris Johnson. Exclusive: Government officials told the food industry that supplies of liquid egg could run out in a no-deal Brexit. Industry leaders were warned this week that liquid egg, which is a key ingredient for UK food manufacturers, had been added to the list of foods that could be in short supply if the UK leaves the EU without a deal at the end of October. The private warnings contradict UK Prime Minister Boris Johnson's claim this week that it is "highly unlikely" there will be food
Read in Business Insider: https://apple.news/AIS5O-JhxQ_
Brexit could lead to new strong trade partners in the EU
"Poland is going to be the biggest most important ally in the EU once the Brits leave the European Union," President of the U.S.-Poland Business Council Eric Stewart said.
Read in Fox Business: https://apple.news/
Brexit: MPs trying to block no deal make it more likely, says Boris Johnson
The PM says the way to get a Brexit agreement is to stop the EU thinking MPs are going to block no deal.
Read in BBC News: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Sunday 9/1/19 did update on the indicative rates Sell Rate 1190
The currency auction is No update yet
There are 2 news and announcements.
1.Withdrawal of New Land Company's license to broker the sale and purchase of foreign currencies
To / Ministry of Commerce / Companies Registration Department (Withdrawal of License) [Issue: 9/5/20080.
September 01, 2019
To / Ministry of Commerce / Companies Registration Department (Withdrawal of License) [Issue: 9/5/20080.
September 01, 2019
To / Ministry of Commerce / Companies Registration Department (Withdrawal of License)
[Issue: 20080/5/9 Date: 2019/8/29]
Based on the decision of the Board of Directors of this bank No. (116) for the year 2019.
In view of the violation of the New Land Company to mediate the sale and purchase of foreign currencies, the laws of the Central Bank of Iraq No. (56) for the year 2004 and the fight against money laundering and the financing of terrorism No. (39) for the year 2015 and based on the decision of the Committee to freeze the funds of terrorists No. (28) for 2019.
It was decided to withdraw the license of the company mentioned above and to cancel the certificate of incorporation granted by you and provide us with a letter to write off the company name from your records and the minutes and liquidation letter certified.
[Issue: 20080/5/9 Date: 2019/8/29]
Based on the decision of the Board of Directors of this bank No. (116) for the year 2019.
In view of the violation of the New Land Company to mediate the sale and purchase of foreign currencies, the laws of the Central Bank of Iraq No. (56) for the year 2004 and the fight against money laundering and the financing of terrorism No. (39) for the year 2015 and based on the decision of the Committee to freeze the funds of terrorists No. (28) for 2019.
It was decided to withdraw the license of the company mentioned above and to cancel the certificate of incorporation granted by you and provide us with a letter to write off the company name from your records and the minutes and liquidation letter certified.
2. The Central Bank approves international rating agencies to classify banks operating in Iraq
The Board of Directors of the Central Bank of Iraq has decided to adopt the rating agencies that hold together.
September 01, 2019
September 01, 2019
The Board of Directors of the Central Bank of Iraq (CBI) has decided to adopt the rating agencies that have the criteria of (External Credit Assessment Institution) (ECAI) emanating from the decisions of Basel, to classify the financial institutions in Iraq, namely:
Standard & Poor
Moody’s
Moody’s
Fitch Ratings
Capital Intelligence
He stressed that the bank will consider the requests made by other rating agencies, and that it will require the availability of credit rating from one of the four agencies above for banks operating in Iraq, which wish to conduct the following banking operations:
Fixing credits for exporting Iraqi crude oil through the Oil Marketing Company (SOMO).
Opening government documentary credits up to $ 50 million.
Issuing and accepting letters of guarantee for the benefit of government departments.
The Bank's Board of Directors also noted that this decision is effective in 2020 when banks complete their readiness and receive a credit rating that qualifies them to practice the above mentioned banking operations at any time.
Central Bank of Iraq
Capital Intelligence
He stressed that the bank will consider the requests made by other rating agencies, and that it will require the availability of credit rating from one of the four agencies above for banks operating in Iraq, which wish to conduct the following banking operations:
Fixing credits for exporting Iraqi crude oil through the Oil Marketing Company (SOMO).
Opening government documentary credits up to $ 50 million.
Issuing and accepting letters of guarantee for the benefit of government departments.
The Bank's Board of Directors also noted that this decision is effective in 2020 when banks complete their readiness and receive a credit rating that qualifies them to practice the above mentioned banking operations at any time.
Central Bank of Iraq
information Office
September 1, 2019
September 1, 2019
Value Traded:
Shares Traded: No update yet
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
9-1-2019 Newshound Guru Kaperoni I still do not believe the CBI will make any monetary change until after the economic laws are in place and the budget is passed for 2020. One thing I'm very certain is Article VIII is coming because that has been well laid out in the IMF Art IV Consultations and more importantly Iraq wants to activate the TIFA Agreement with the United States. Freedom of movement of capital is a necessity.
8-31-2019 Intel Guru RayRen98 A member overheard some tellers reviewing their procedures on directing currency exchangers to their 800 number.
8-31-2019 Intel Guru Frank26 ...the CBI, nobody else can say they have reinstated their currency. So I'm begging you don't be misled right now. Don't give your dinars to anybody because of greed or maybe because you think this is not going to happen. Don't do that...
8-31-2019 Intel/Newshound Guru sandyf [...you are the first person that I have seen move the decimal points on the value of the dinar (1190 to 1.190) as opposed to the zeroes on the currency itself (25,000 to 25)] It is effectively the same thing, depends if you are talking domestic or international. Within the country concerned dual pricing would come into effect. In the case of Iraq for example, a loaf of bread would be either 1000 dinar note of IQD or a 1 dinar note of the new currency. Internationally the IQD would no longer have any recognized value and the value of the new currency would start at 1000th of the IQD rate on the day the redenomination was implemented. Within Iraq the IQD would retain an equivalence of 1000:1 for a specified transition period and thereafter only exchangeable at a specific banks.
8-31-2019 Newshound/Intel Guru Mnt Goat Article: "HOW MUCH CURRENCY IS ALLOWED UNDER NEW RULES TO ENTER AND EXIT IRAQ?" Quote: "One of the decisions stipulates that "the entry and exit of amounts exceeding (1,000,000) (one million Iraqi dinars) is prohibited even if they have been declared, and the amount is withheld and legal proceedings are taken." Oops they spilled the beans in this last paragraph of the article… Now why in hell would they be restricting 1 million dinars when this is only about $1,000 USD? They just told us anything below $10,000 USD is not restricted in an earlier paragraph. So why then tell us in a later paragraph that 1 million dinars is restricted when the equivalent exchange in only equal to $1,000 USD? To me it should be acceptable if the rate was going to remain as it is today. Right? Am I missing something here? So maybe the rate is going to go to at least a busk [buck?] or more. Get it? This is one of those revealing articles.
8-31-2019 Intel Guru Frank26 ...these electronic billboards are really very vital in the reinstatement, in the education to the citizens...it's for the reinstatement of the Iraq Dinar...the dog-gone broadcast was talking about lifting the 3 zeros and the coins...but now they've got flatbed trucks running and it's on them now...this type of campaign to advertise something, they're putting a lot into it...they're on the verge of making an announcement. I don't know when. I don't know how much. But based on what they're doing and what they're telling...They're on the verge...they are this close to touching the face of the reinstatement of the Iraqi Dinar...I can taste the evidence...all they're doing right now is educating the citizens. Preparing them...
8-31-2019 Newshound Guru Jeff ...the CBI said back in 2014 that their #1 thing they were seeking was political stability. So they're telling you that the formation and complete government is the linchpin...the UN clearly announced that there's one position remaining - the Education Minister...this whole thing is scripted...we have them attempting to complete the government in September...3 weeks ago you had them bring a ton of reconstruction money into Iraq specifically for the 2019 budget...there's only one quarter left. Any reconstruction is post rate change event. If they're gonna use that money in Q4 then they have to walk into Q4 with a new rate in hand. That means they have to change the rate in September. It's very cut and dry...
8-31-2019 Newshound Guru MilitiaMan Question: "I DID ASK TBI BANK IF I CAN USE MASTER CARD ABROAD...ANSWER FROM TBI" Answer: "you can use it in withdrawals from ATMs and direct purchase from the points of sale as well as in the Internet such as subscriptions and airline reservations, hotels, shopping sites and promotion in social networking pages in any country of the world except Brazil, Indonesia, Syria and Iran." Wow, Trade Bank is telling us they are international on a Friday when banks are closed... Fascinating...! ...all the facts in place now are evidence the end results for the completion of Monetary Reforms is coming to a close! Yes, international cards being used from here on out from the looks of it...
8-31-2019 Intel Guru Frank26 ...the CBI, nobody else can say they have reinstated their currency. So I'm begging you don't be misled right now. Don't give your dinars to anybody because of greed or maybe because you think this is not going to happen. Don't do that...
8-31-2019 Intel/Newshound Guru sandyf [...you are the first person that I have seen move the decimal points on the value of the dinar (1190 to 1.190) as opposed to the zeroes on the currency itself (25,000 to 25)] It is effectively the same thing, depends if you are talking domestic or international. Within the country concerned dual pricing would come into effect. In the case of Iraq for example, a loaf of bread would be either 1000 dinar note of IQD or a 1 dinar note of the new currency. Internationally the IQD would no longer have any recognized value and the value of the new currency would start at 1000th of the IQD rate on the day the redenomination was implemented. Within Iraq the IQD would retain an equivalence of 1000:1 for a specified transition period and thereafter only exchangeable at a specific banks.
8-31-2019 Newshound/Intel Guru Mnt Goat Article: "HOW MUCH CURRENCY IS ALLOWED UNDER NEW RULES TO ENTER AND EXIT IRAQ?" Quote: "One of the decisions stipulates that "the entry and exit of amounts exceeding (1,000,000) (one million Iraqi dinars) is prohibited even if they have been declared, and the amount is withheld and legal proceedings are taken." Oops they spilled the beans in this last paragraph of the article… Now why in hell would they be restricting 1 million dinars when this is only about $1,000 USD? They just told us anything below $10,000 USD is not restricted in an earlier paragraph. So why then tell us in a later paragraph that 1 million dinars is restricted when the equivalent exchange in only equal to $1,000 USD? To me it should be acceptable if the rate was going to remain as it is today. Right? Am I missing something here? So maybe the rate is going to go to at least a busk [buck?] or more. Get it? This is one of those revealing articles.
8-31-2019 Intel Guru Frank26 ...these electronic billboards are really very vital in the reinstatement, in the education to the citizens...it's for the reinstatement of the Iraq Dinar...the dog-gone broadcast was talking about lifting the 3 zeros and the coins...but now they've got flatbed trucks running and it's on them now...this type of campaign to advertise something, they're putting a lot into it...they're on the verge of making an announcement. I don't know when. I don't know how much. But based on what they're doing and what they're telling...They're on the verge...they are this close to touching the face of the reinstatement of the Iraqi Dinar...I can taste the evidence...all they're doing right now is educating the citizens. Preparing them...
8-31-2019 Newshound Guru Jeff ...the CBI said back in 2014 that their #1 thing they were seeking was political stability. So they're telling you that the formation and complete government is the linchpin...the UN clearly announced that there's one position remaining - the Education Minister...this whole thing is scripted...we have them attempting to complete the government in September...3 weeks ago you had them bring a ton of reconstruction money into Iraq specifically for the 2019 budget...there's only one quarter left. Any reconstruction is post rate change event. If they're gonna use that money in Q4 then they have to walk into Q4 with a new rate in hand. That means they have to change the rate in September. It's very cut and dry...
8-31-2019 Newshound Guru MilitiaMan Question: "I DID ASK TBI BANK IF I CAN USE MASTER CARD ABROAD...ANSWER FROM TBI" Answer: "you can use it in withdrawals from ATMs and direct purchase from the points of sale as well as in the Internet such as subscriptions and airline reservations, hotels, shopping sites and promotion in social networking pages in any country of the world except Brazil, Indonesia, Syria and Iran." Wow, Trade Bank is telling us they are international on a Friday when banks are closed... Fascinating...! ...all the facts in place now are evidence the end results for the completion of Monetary Reforms is coming to a close! Yes, international cards being used from here on out from the looks of it...
8-31-2019 Newshound/Intel Guru Mnt Goat I have to tell everyone right now it appears that everything is on track to move ahead with the project to delete the zeros and launch the smaller category coins and maybe some notes too. We are about to move to the next and final stag...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website; posted only on Arabic side, not on English side)
Prime Minister Adel Abdul-Mahdi congratulates the Iraqi people and the Islamic nation on the anniversary of the Prophet's immigration
On the anniversary of the Holy Prophet's immigration and the beginning of a new Hijri year, we recall and the sons of our Islamic nation the blessed Prophet's immigration, which carried the meanings of redemption, patience and unity, and extend congratulations and blessings to our people and the Islamic nation on this great occasion, which constituted a historic and human turn and was and will remain a great lesson in the meanings of sacrifice and sacrifice And the beginning of the victory and the great conquest after the nation complied with the command of God to His Messenger, peace be upon him and his family and peace.
We ask God Almighty to make the new Hijri year the beginning of a new era of unity and achieve security and stability for all peoples of the Islamic nation and turn the page of differences and end the fighting and internal conflicts and disintegration To consolidate the blessings of security and stability throughout Iraq, get rid of the remnants of terrorism, rebuild all the provinces, return all displaced people to their homes and settle in their cities, find out the fate of all the missing, and work with determination and cooperation to overcome all difficulties. Diat and achieve a comprehensive renaissance in all areas, it is yes Sire and yes respondent.
Prime Minister
31-Aug-2019
*************
ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.
*************
ARTICLE 3
The Central Bank participates in the opening of Al-Faiha Center for Strategic Studies in Basra
August 28, 2019
Believing in supporting and developing the capacity of young people to make their small businesses successful, the Central Bank of Iraq participated in the opening of the Al-Fayhaa Center for Strategic Studies, Information and Youth Employment in Basra.
The move is an affirmation of the importance of Basra economically and urged the concerned authorities to contribute to the creation of job opportunities for the people of the province through the development of skills and training cadres working in the public and private sectors.
Central Bank of Iraq
information Office
28 August 2019
*************
ARTICLE 4
Defense: Develops air defense systems to cope with threats and challenges to the country
2019/8/31 22:45 • 4 read times read
[Baghdad-Where]
The Ministry of Defense confirmed on Saturday that it has good and varied air defense systems, and that it is working to develop them to meet the threats and challenges facing the country.
"The Ministry of Defense has air defense systems, including F-16s, which are long-range fighter planes, followed by the Russian-made Ansell F1 missile system, which is a very sophisticated system capable of hunting," ministry spokesman Major General Tahsin al-Khafaji told reporters. "There are also other types of targets," he said.
"After the attacks, we saw that there are sophisticated systems, and in fact a study has been submitted to the relevant authorities for this matter, and in order to suit the type of threats and with some of the challenges posed by the country and exposed to it, so we must build our capabilities and capabilities. "The purchase of weapons is certainly an achievement in order to continue building capacity, and the type of weapons we have is good, but the kind of challenge and threat requires that we develop to prevent such situations in the future," he said.
"The international coalition is fully committed to the decision of the commander-in-chief of the armed forces not to use Iraqi airspace except by order of him or his delegate," he said, adding that "unfortunately, before the commander-in-chief decision there was a clear targeting of the PMF camps."
Al-Khafaji pointed out that "a meeting of the Defense Council was held under the auspices of the Minister of Defense, and during this meeting discussed the attacks that took place in Iraq, and issued a statement containing military measures to be taken by the Ministry of Defense to protect Iraq, and that the response would be a deterrent against those who try to harm Iraq."
*************
ARTICLE 5
Parliamentary Finance announces the imminent entry into force of the oil law
2019/8/31 22:04 • 15 times read
[Baghdad-Where]
A member of the Parliamentary Finance Committee revealed that the coming into force of the oil and gas law.
Committee member Sherwan Mirza said in a press statement, "One of the recommendations made by the Finance Committee to the Presidency of the House of Representatives after hosting the Minister of Finance is the legislation of the oil and gas law during the new legislative term."
He added, "The oil and gas law has political dimensions as it is linked to relations between the Kurdistan region and the federal government and the province of Basra and Baghdad and all oil-producing provinces in addition to Kirkuk."
Mirza pointed out that "the legislation of the oil and gas law will deal with some of the outstanding problems between the region and the center, in addition to addressing the problems of oil-producing provinces;
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