Thursday, May 14, 2020

WOTS TUES MAY 12 2020

WOTS TUES MAY 12 2020



The Markets:

Asian markets closed down  NIK  Red at .12%  HSI   red at 1.45%  SHANG red .11%

Our futures are currently red DOW at 24054 down by .29%  SNP red by .33%     NDX red .24%

UK markets are mixed in current trades but by no more  then .43% either way



Precious Metals:

Gold green at 1704    Silver green  at 15.75    Copper red at 236   Platinum green at 769

Brent 30   WTI 25


Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1168.9000  1224.5000 1191.9000 1191.9000 1191.9000  -0.4000 00:13
 USD/VND  23334.0000  23337.0000 23308.3800 23308.3800 23308.3800  6.9700 01:30
 USD/CNY  7.0887  7.0907 7.0985 7.0876 7.0980  -0.0094 05:07
 USD/KWD  0.3087  0.3097 0.3089 0.3088 0.3089  -0.0001 05:06
 GBP/USD  1.2331  1.2335 1.2350 1.2287 1.2331  0.0001 05:09
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  97.5000 06:03
 USD/IDR  14881.0000  14891.0000 14965.0000 14847.0000 14863.0000  18.0000 05:08





Things in the News:


Dares Authorities to Arrest Him...



Iraqi Articles:

Parliamentary Finance: The 2020 budget cannot be implemented and will be devoid of appointments

 
 
The Parliamentary Finance Committee ruled out the implementation of the budget bill for the current year 2020.

Committee member, Ahmed Hama Rashid, told Al-Furat News that "the budget was supposed to pass before the beginning of this year, but the government's resignation and its inability to deliver its draft law to Parliament as a caretaker government whose approval was delayed to this legislative term."
He explained that "the problem is that according to the law of the financial department, the government must start with the budget of 2021 from the middle of the fifth month (May), and now we are in the middle of the month and the government should start preparing it."
"As for the 2020 budget, the government should send the data to the House of Representatives for approval and authorize the Financial Supervision Bureau to start final accounts."
Rashid stressed "
"If the government does not legislate, the government will resort to the Financial Management Law regarding spending 1/12 of the previous budget for the previous year 2019," he said, adding that "even if the budget was enacted, then with my conviction, there are no appointments due to the large deficit in it."
It is noteworthy that the budget for the current year 2020 (according to the project proposed by the government) 162 trillion dinars (135 billion dollars), with a planned financial deficit of 48 trillion dinars (40 billion dollars), including three trillion dinars (2.5 billion dollars) to implement the projects agreed upon with China.
The government was late in sending the draft budget to include the reform decisions that cost the state more than ten trillion dinars ($ 8.3 billion).

Parliamentary Finance: Al-Kazemi’s government faces a very difficult challenge in dealing with the budget file
link

The Parliamentary Finance Committee confirmed today, Tuesday, that a "very difficult challenge" facing the current government in addressing the problems surrounding the federal budget legislation for the current year in light of the current challenges and low oil prices, noting that the previous government did not listen to calls and warnings until the financial deficit reached about 70 Billion dollar.

 Committee member Ahmed Hama Rashid said in an interview with Alsumaria News, "One of the most important problems that we suffer from for a long time and to this day in the financial field is unilateral revenue, which remains hostage to fluctuating oil prices globally," noting that "the Iraqi economy has always been an economy Fragile, he is affected by all the changes that take place in oil prices. "
 

Rashid added, "The Financial Management Law, in its seventh article, stipulates that the budget deficit should not be more than 3% of the national product, meaning that if the national product was 250 billion dollars, the deficit should not exceed 10 billion dollars or 12 trillion dinars as a maximum." Pointing out that "the previous government did not hear the calls and warnings until the deficit reached 50 billion dollars, then when the price of oil was $ 53 a barrel, today, the cumulative deficit is increasing as a gap reaches 70 trillion dinars and more."
 
Rashid stressed that "the budget bill cannot be prepared in a way that violates the financial management law, or that contradicts the current reality we are living in, so the new government faces a very difficult challenge in dealing with these problems."

Finance member reveals a proposal to the President of Parliament to deduct a percentage of employee salaries
Member of the Finance Committee Jamal Kujer stressed the necessity of distributing employee salaries before Eid Al Fitr, while he revealed a proposal to the Speaker of Parliament to deduct 10% of employee salaries as compulsory savings at the end of the year.
"The salaries of the month of May are insured and the government must take into account the situation of employees and divorce them before Eid Al-Fitr, especially that the holiday will coincide with a very sensitive date, because the salaries of employees are divorced from 18 to 25 from the ministry and go to Local ".
 
He added that "the deductions, if they are completed, will be savings, which is the proposal of the Speaker of Parliament that deducts 10 percent of salaries as compulsory savings until the end of the year." Drafted by law that cannot be tampered with. "
 
Cougar emphasized that "the central bank can lend to the government because the international classification of banks has classified the Iraqi central bank in good shape and has been instructed that it can lend the government a quarter of a billion dollars without affecting the local currency."
 
"The 2020 budget is supposed to be discussed in the cabinet within the next two weeks, with changes in oil prices and priorities such as Corona and the health file, which must be taken into account, reformulated, and included in the budget to decide directly on the budget of 2021," he added.

Allawi receives the Ministry of Oil and the agency .. And confirms: The government is working to find realistic solutions to the financial crisis

he Minister of Finance and Minister of Oil, Ali Abdul Amir Allawi, affirmed the government's keenness to work to boost financial revenues and address the stifling economic crisis that Iraq is witnessing due to low oil prices in global markets. Undersecretary for Liquidation Affairs Hamid Younis and Undersecretary for Distribution Affairs Karim Hattab.
The Minister of Finance and Minister of Oil said that the government is working to find practical and realistic solutions to the financial crisis in Iraq, and this requires great efforts and cooperation by all.
The minister listened to a review and analysis of the reality of the global oil market, which was prepared by the Market Research Center in "Sumo", stressing the importance of joining all efforts to tackle the financial crisis and advance the national economy.
On the other hand, the Finance Minister and Acting Minister of Oil chaired a meeting of the directors of the national oil departments and companies in Baghdad, and he listened to a summary of the activities of the ministry and its oil companies presented by the Undersecretary for Liquidation Affairs Hamid Younis.
Also, the Ministry’s most important plans and projects for gas investment were discussed

Today .. Blashardt reports on the developments of Iraq to the Security Council

The United Nations Mission in Iraq has announced that the mission's special representative, Jenin Hennes-Blackshart, will present a report on Iraq's developments to the Security Council.
"The Special Representative of the Secretary-General and Head of the UNAMI Mission, Jenin Hennes-Blackshart, will present a briefing to the Security Council on the recent report of the Secretary-General on UNAMI and the latest developments in Iraq," said the official account of the mission, Twitter.
He added, "The live broadcast will be at 10:00 am New York time, 5:00 pm Baghdad time."

Mustafa Al-Kazemi receives a call from Donald Trump

On Monday, Prime Minister Mustafa Al-Kazemi received a phone call from US President Donald Trump, congratulating him on the occasion of assuming the presidency of the Iraqi government.  
A statement on the prime minister's office, "People" received a copy of it, today (May 11, 2020), that he "thanked Prime Minister Mustafa Al-Kazemi, the American president for the congratulations," stressing "Iraq’s keenness to establish the best relations with the United States."  
For his part, President Trump stressed that "Iraq is a strong and important country and has a central role in the region and in achieving regional and international stability."  
He stressed "the desire of the United States of America to strengthen relations between the two countries, and his country's willingness to provide the necessary economic assistance to support the Iraqi economy."  
The two sides agreed to "expand cooperation in the fight against the Corona pandemic, as well as to develop economic investment efforts to serve the interests of both countries." 

CBI, ISX,Dinar Guru:
CBI Update:   was down at the time of the report
Click on the link above for the latest update.

The CBI for rate is 1190.

The currency auction total sales amount $ 0 Auction held  today no cash 

ISX Update:    
Shares Traded: not updated for today
Value Traded: not updated for today

ISX traded ended in 
Dinar Guru Chatter: http://www.dinarguru.com

5-12-2020   Intel Guru Footforward  there will always be corruption of some kind. There will always be some reason to say a certain time isn't ideal [for the RV].  Now is as good of a time as any.
5-11-2020   Intel Guru Delta   News about the nomination (Magda Tamimi) for the post of Governor of the Central Bank of Iraq...THIS LADY IS AMAZING IF SHE GET IT...SHE IS PRO RI FROM LONG TIME AGO...[Does this have to go for a vote...?]  NO...PM CAN TAKE ALAQ AND PUT HER IF HE WANTS OVER NIGHT...LIKE MALIKI DID WITH SHABIBI ...BUT WE WILL SEE WHAT HAPPEN...

5-11-2020  Newshound Guru Pimpy   Article:   "Parliamentary Finance:  The budget will be semi-annual and will be allocated to 3" Quote "the Parliament Finance Committee announced Sunday that the draft budget law will be semi-annual."  Hmmm very very interesting.  If it's semi-annual that's once every six months and what do we know that's coming up here in June?  We know that the United Nations, the IMF, the United States are coming in to meet with the new government.  I wonder what they're gonna talk about?  Well we know what they are going to talk about - The security.  The protesters.  As well as the economy of Iraq.  Hopefully they'll have some good news going into the second half of this  semi-annual report...

5-11-2020   Intel Guru Footforward   Things will start moving quickly on or after May 15th I believe... 

5-11-2020   Intel Guru MarkZ   [via PDK]   I’m expecting a very busy week this week…  [Lots of folks looking for today for the RV….]  I’m not looking for today…but looking for news on timing later today...No change in value from Iraq...  [Do you believe the RV will happen in the month of May?]  Everybody is looking for it to happen in May...I think there is a great chance it will happen in May…unless political stuff drags it out further…but, all my banking sources, military sources, and Iraqi sources all say it’s in the Month of May…I hope they are right.

5-11-2020  Newshound Guru Pimpy  ...all kinds of fun things are happening. One thing I can say about al-Kazemi...this guy is not playing around...he's already snapping his government together and he's still pushing for the remainder of the cabinet positions to be filled...I have a hunch these will be filled all within the next two weeks...I see a couple of deep articles that went on to say this guy is making a major push and he's pushing out all the Iranian puppets...


Catnip's Corner:

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ARTICLE 1-A (from PM Kadhimi's website; posted on both Arabic and English sides)

Prime Minister Mustafa al-Kazemi receives a phone call from the US President

His Excellency Prime Minister Mustafa Al-Kadhimi received a phone call from His Excellency United States President Donald Trump, congratulated His Excellency Premier Al-Kadhimi for the occasion of swearing-in as Prime Minister of Iraq government.

His Excellency Prime Minister Mustafa Al-Kadhimi thanked His Excellency the United States President for the congratulation, confirmed Iraq's keenness for establishing the best bilateral relationship with the United States.

From his side; His Excellency the US President Trump underscored that Iraq is a strong country and important, possessing a central role in the arena and in achieving regional and international stability.

His Excellency the U.S. President Assured the United States of America keenness for strengthening the bilateral relationship between the two countries reaffirmed his country willing to provide to the Iraqi economy the essential support.

They agreed to extend the collaboration in combating coronavirus pandemic, besides developing the economical investment for the benefit of the two countries interests


Media Office of the Prime Minister
May -11– 2020

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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa al-Kazemi receives a phone call from the Egyptian Prime Minister

The Prime Minister, Mr. Mustafa Al-Kazemi, received a phone call from the Egyptian Prime Minister, Mr. Mostafa Madbouly, during which he presented Congratulations to Mr. Al-Kazemi on the occasion of assuming the presidency of the government and obtaining the confidence of the House of Representatives, wishing the government and people of Iraq more good and stability, looking forward for the relations between the two countries to witness further development to serve the interests of the two brotherly peoples, calling for benefiting from the Egyptian experience in the field of investment of international companies in the sector Electricity.

For his part, Mr. Al-Kazemi thanked the Egyptian Prime Minister, wishing the government and people of Egypt more progress and prosperity.

Media office of the Prime Minister
11-May-2020

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ARTICLE 1-C (from PM Kadhimi's website; posted on both Arabic and English sides)

Prime Minister Mustafa Al-Kazemi receives a phone call from the Egyptian President

The Prime Minister, Mr. Mustafa Al-Kazemi, received a phone call from the Egyptian President, Mr. Abdel Fattah El-Sisi, during which he congratulated Mr. Al-Kazemi on assuming the presidency of the government, stressing To enhance cooperation between the two brotherly countries in the economic, security and political fields, and to activate the joint higher committees between the two countries.

Mr. Al-Kazemi thanked the Egyptian President, who extended an invitation to visit Baghdad, where he promised to meet it at the earliest opportunity, expressing his intention to enhance coordination within the framework of the tripartite alliance between Iraq, Egypt and Jordan.

Media office of the Prime Minister
May 11, 2020

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ARTICLE 1-D (from PM Kadhimi's website; posted on both Arabic and English sides)

Statement

With direct follow-up by the Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazimi, and based on immediate investigations, the security forces carried out at dawn today a raid on a building in Basra Governorate from which live bullets were fired at the demonstrators, resulting in the death of one of them at the scene of the accident, and the injury of others.

The security forces arrested all those inside the building and confiscated the weapons and ammunition they were in possession of.
The defendants were referred to the judiciary for their fair punishment.

Media office of the Prime Minister
11-May-2020

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ARTICLE 1-E (from PM Kadhimi's website; posted on both Arabic and English sides)

Prime Minister Mustafa Al-Kazemi receives the ambassadors of European Union countries

The Prime Minister, Mr. Mustafa Al-Kazemi, expressed the pride of the people and government of Iraq over the historical relations with the European Union countries.

During his reception at his office in the governmental palace today, Al-Kazemi assured the ambassadors of the European Union that the union is a friend and partner and we hope that the countries of the union will continue to support Iraq in its war against ISIS and the economic conditions it faces in the aftermath of the Corona pandemic and the drop in global oil prices, and we look forward to helping European countries in Iraq to build its economy , Calling on European companies to work and invest in Iraq, and promised to overcome the obstacles that may face their work.

The Prime Minister added: We are committed to our promises to respect human rights, the right to peaceful demonstrations, protect demonstrators, hold those involved to attack them, hold the reform process, and conduct free and fair elections.

The head and members of the European Union delegation congratulated the formation of the Iraqi government and won the confidence of Parliament, and stressed the support of Iraqi sovereignty and European interest in the stability of Iraq and the commitment to support its efforts against ISIS and cooperation to face the economic and health crisis, expressing their satisfaction that the governmental program contained reforms, commitments, dialogue and communication with the international community.

Media office of the Prime Minister
11-May-2020

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ARTICLE 1-F (from PM Kadhimi's website; posted on both Arabic and English sides)
bv
Prime Minister Mustafa al-Kazemi receives a phone call from the Iranian President

The Prime Minister, Mr. Mustafa Al-Kazemi, received a phone call from the Iranian President, Hassan Rouhani, in which he congratulated Mr. Al-Kazemi, and expressed optimism about his ability to lead the country, wishing success to the new government.

Rouhani affirmed that his country always seeks to develop relations between the two neighboring countries in all fields, and that it is looking forward To open the border entry points for commercial traffic, as permitted by the preventive measures.
The two sides also discussed the file of economic cooperation in general, and the topic of joint industrial areas in particular.

Mr. Al-Kazemi thanked the Iranian President, wishing the Iranian Islamic Republic and the Iranian people good and prosperity.

Media office of the Prime Minister
11-May-2020

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ARTICLE 2 (from Government of Iraq twitter account)

Government of Iraq - الحكومة العراقية@IraqiGovt 5-11-2020 around 1:45 pm Eastern
PM @MAKadhimi thanked @POTUS and reiterated that Iraq seeks to maintain the best relations with the USA. The two leaders also discussed economic ties, and bilateral cooperation to combat #Covid19.

Government of Iraq - الحكومة العراقية@IraqiGovt 5-11-2020 around 1:45 pm Eastern

PM @MAKadhimi receives a phone call from @POTUS to congratulate him on assuming office, and to discuss bilateral relations, saying that Iraq is a strong nation and has a central role to play in achieving regional and international stability.

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ARTICLE 3

Al-Kazemi receives a call from Trump and assures him of Iraq’s keenness to establish the best relations with Washington
11/5/2020 20:16 • 28 times read
[Baghdad-where]

Prime Minister Mustafa AlKazemi received, on Monday, a phone call from US President Donald Trump, in which he congratulated Mr. Al-Kazemi on his assumption of the presidency of the Iraqi government.

A statement received [Wayne] stated that he "thanked Prime Minister Mustafa AlKazemi, the American President, for their congratulations," stressing that "Iraq is keen to establish the best relations with the United States."

For his part, President Trump stressed that "Iraq is a strong and important country and has a central role in the region and in achieving regional and international stability."

He stressed "the desire of the United States of America to strengthen relations between the two countries, and his country's willingness to provide the necessary economic assistance to support the Iraqi economy."

The two sides agreed to "expand cooperation in the fight against the Corona pandemic, as well as to develop economic investment efforts to serve the interests of both countries."

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ARTICLE 4

The issuance of an official clarification regarding the lifting of immunity from the parliamentarian, Alia Nassif
11/5/2020 23:08
Where's the news - Baghdad

The media office of Deputy Alia Nassif issued an explanation regarding the book on lifting her immunity

As the media office of Deputy Alia Nassif played down the importance of what some have discussed about lifting parliamentary immunity from her because of three lawsuits, indicating that two of the cases are considered canceled, and the third concerns the publishing court.

The media office said in a statement today: "The three cases referred to in the book on lifting the immunity of Deputy Alia Nassif, the first of which relates to her saying that whoever satisfied the people of Mosul with ISIS crimes is a partner in them, and they are canceled, and the second call was closed with the questioning of the former defense minister in The previous parliamentary session, the legal representative was relinquished, and the third lawsuit belongs to the Publishing Court, noting that Deputy Nassif attends all the cases brought against it.

The media office added: "We were hoping that the Presidency of the House of Representatives would distinguish between those who fight corruption and those who commit corruption, and we have the right to ask the legitimate question: Why are we the only country in the world that does not maintain the prestige of the supervisory authority and makes corrupt and criminals and steal public funds dare and file lawsuits? To give the street the illusion that they are oppressed? Is it not the duty of the Presidency of the Council to be a support for the deputy and encourage him to interrogate and uncover corruption ?!

He continued: "Representative Alia Nassif will continue, God willing, to continue her oversight role in uncovering the files of corruption, drawing its strength from the Iraqi media that publishes all its data supported by documents, and the honest media that have been and are still helping us (and voluntarily) in fighting corruption will make it clear to the public opinion that There is a huge difference between those who fight corruption and those who commit corruption, and only the right will be true. "

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ARTICLE 5

Saleh and Barzani stress the importance of adhering to the benefits that follow the steps of forming a government
11/5/2020 20:28
[Baghdad-where]

Today, Monday, the President of the Republic, Barham Salih, received, in Sulaymaniyah, the President of the Kurdistan Region, Nechirvan Barzani.

A statement of his office, [where] received a copy of it, stated that "during the meeting, the political situation in the country was discussed, and the importance of adhering to the benefits that follow the steps of forming the new Iraqi government headed by Prime Minister Mustafa Al-Kazemi."

He added, "It was also stressed the need to resolve crises and differences and move towards achieving political and security stability, and pay attention to the lives and livelihoods of citizens in all regions, including the Kurdistan region."

He continued, "It was also pointed out to the importance of coordination, cooperation and concerted efforts between the federal government and the Kurdistan Regional Government for the purpose of overcoming the current conditions, and joint work to secure the living and health aspects of all Iraqis, and to pursue the remnants of terrorism and establish security stability in all regions of Iraq, as well as finding radical solutions to the issues The relationship between Baghdad and Erbil in accordance with the constitution, and in particular, the resolution of the budget files and the salaries of employees of the Kurdistan region, like their peers in the state.

He noted, "Emphasizing the necessity of uniting ranks, enhancing solidarity and solidarity among the national forces, supporting the new government in order to meet the legitimate demands of Iraqis, and carrying out the necessary reforms that will provide a free and decent life for our people."

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