The Iraqi Stock Exchange is suspended for 5 days
The market said in a statement that due to the approaching Eid al-Fitr, the Board of Governors decided not to organize trading sessions for days from June 25 to June 29 to coincide with the Eid al-Fitr holiday.
The market said that the first trading session in the Iraqi market for securities will be after the Eid al-Fitr and from Sunday, the second day of August 2014.
The Iraqi market for securities was established in June 2004, and was previously relied on manual trading. In April 2009, electronic trading was partially approved by some companies and electronic trading started for companies registered in 2010. The market is traded in 101 companies belonging to eight sectors Banking, industrial, hotel, tourism, agricultural, investment and insurance, in addition to communications.
Read more: http://www.dinarupdates.com/showthread.php?50773-The-Iraqi-Stock-Exchange-is-suspended-for-5-days
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“Flash Cast LIVE” – Tuesday (the 21st) w/BGG
Click here for Video Replay
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Britain: Iraq is restoring its regional, international status
Iraq is restoring its regional and international status after so many sacrifices the country has given, British ambassador to Iraq Frank Baker said Wednesday during a meeting with Iraqi Parliament speaker Salim al-Jabouri.
Al-Jabouri said the international community must increase support to Iraq, especially in medical aid as displacement crisis is exacerbating.
The two sides discussed the latest developments in Iraq and the Middle East region as well as the means to cooperate in fighting terrorism.
The British ambassador praised the two countries’ special relations, noting that Britain will continue to support Iraq in its war against terrorism.
This comes as the offensive launched on 19th of February by the US-backed Iraqi forces, supported by the Iranian-backed sectarian IMIS Shiite militias, to oust ISIS terrorists from Mosul, their last major stronghold in Iraq is nearing its end.
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MilitiaMan (Dinar Guru) – The UNSC Doc published just under three weeks ago this Friday told us all, that there was going to be an action within June 2016 [2017 ?]. That action has a time line by and or before the end of the month. That action is a reaction to things accomplished or that action wouldn’t have even been mentioned. The UNSC escrow account is being funded or well closed out if you will. End game, symbolically. That has meaning that is profound! The Oil for Food program is to be done and gone for ever… I may be wrong, but, that imo is Chapter 7 done in regards to MR and acceptance of Article 8 is in effect or will be, once in synchronization. [post 1 of 3….stay tuned]
Read more: http://www.dinarupdates.com/observer/
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Enorrste (Dinar Guru) – [The debate continues….] Each of us is looking at a different set of numbers. In any case, I would personally take Keywords at his word, regardless of the numbers. Saleh’s statement is sort of like Trump’s “I hope” statement. “Like a hard curency” is not the same as “world reserve currency” in my view. I believe that, unless Planet X wipes us out in the next year or so, the dinar will become a world recognized currency. When is another question entirely. I started this over 10 years ago and am still waiting for it to just start, let alone finish. [reference Guru mike’s post 6-20-2017….will the debate continue?]
Read more: http://www.dinarupdates.com/observer/
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Iraq PM Haider Abadi says Mosul liberation within few days
Iraqi Prime Minister Haider Abadi said on Thursday the Iraqi armed forces would fully liberate Mosul from ISIS terrorists within a few days, The Baghdad Post reported.
Iraqi army, backed by the US-led international coalition, launched on Feb.19th an offensive to recapture Mosul’s right bank from ISIS grip.
Iran-allied IMIS militias are supporting the Iraqi army.
Mosul fell to ISIS in 2014.
Iraqi former PM Nouri al-Maliki faces accusations of colluding with the terror group.
Read more: http://www.dinarupdates.com/showthread.php?50790-Iraq-PM-Haider-Abadi-says-Mosul-liberation-within-few-days
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We shall never know all the good that a simple smile can do. Mother Teresa
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The most important and most prominent speech by the Prime Minister Dr. Haider Abadi at the press conference on Thursday, 22-6-2017
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– Our troops are now inside the old connector alleys and soon we will announce the final victory over the preacher.
– Al-Daash announced their end by themselves after they destroyed the Hadba Lighthouse and Al-Nouri Mosque.
– We will not keep an impact for gangs in Iraq.
– We will rebuild everything that was demolished by the same spirit and restore our monuments and our mosques, which have messed up Bhoznzil effects from the land of Iraq.
– Terrorists did not succeed in discriminating against the Iraqis, but united to eliminate them and succeeded.
– The Iraqi government has contacts with humanitarian organizations concerned with humanitarian heritage and we call these organizations to help restore and restore our ravaged ruins.
Our visit to the Kingdom of Saudi Arabia, the Islamic Republic of Iran and the State of Kuwait came from the position of strength and power and there is admiration in Iraq by these countries.
– Iraqis will touch on the results of our regional tour in the future, especially in the fight against terrorism.
– Our approach is to eliminate terrorism and not to absorb it.
– Continuing cooperation between the countries of the world and in all fields to come back to the Iraqis with good.
– We are not with the policy axes Our policy at the current stage is opening up to the world to serve our people.
– Iraq is not like yesterday .. Iraq today is due to its real status among countries.
“As we fought together, we can build our country together.
– Iraq today is capable and welcome, not an aggressor.
– We want to encourage investment to return to our people well.
– We fight against corruption and illegal graft and strongly.
– We have reorganized the budget of our armed forces to meet the requirements of the stage.
– Iraq is a free and democratic country and the government does not intervene in the judiciary on the wanted and we do not allow mediation to pass his speech.
– We liberated the border triangle between Iraq and Syria to the port of Al Waleed and our path to restore the movement of passengers and trade.
– There is no good terrorism and terrorism is bad All terrorism is bad.
– Our visit to Saudi Arabia is planned since 2015.
– We have no province with anyone and we seek to build relationships with everyone based on mutual respect of our strength.
– The variety of sources of arms purchase and do not rely on one source.
– There is understanding and support for the role of the new Iraq, which is not a preference, but came from the sacrifices of the Iraqis and their unity in the fight against the Dahesh.
– Our unity and strength in the face of terrorism will depend on it in the development process after the stage of urging.
– The world is surprised and impressed by the Iraqi stand and unite them all in the fight against terrorism.
Different translation –
The most important and highlighted what Mr. Prime Minister Dr. Haider Al-Abadi in press conference today Thursday 22-6-2017
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– our troops now within the old neighborhoods of Mosul and soon we will announce the final victory over ISIS.
– ISIS declared their end by themselves after they demolished humpback beacon league with noori.
I will not keep track. The bands of ISIS in Iraq.
– we’ll rebuild everything torn down ISIS in the same spirit and restoring our tracks and mosques which limits! We will remove their tracks from the land of Iraq.
– didn’t work on Iraqi terrorists but we teamed up to defeat them, and we succeed.
The Iraqi government has connections to the humanitarian organizations and interested in humanitarian legacy we invite these organizations to help in restoring and repairing our tracks that had been ravaged by terrorism
– our visit to Saudi Arabia and the Islamic Republic of Iran and the state of Kuwait came from a position of power and competence and there likes in Iraq before these states.
– Touches The Iraqis regional tour future outcomes especially in the fight against terrorism.
– our approach to eradicate terrorism and not absorbed.
– continued co-operation between the nations of the world and in all areas to get back on the Iraqis.
– not with hubs policy policy at the current stage is open to the world of service to our people.
– Iraq not like yesterday.. Iraq today is back to its true place among states.
– as we fight terrorism together we can build our country together.
– Iraq today capable and welcome and not smug.
– we want to encourage investment to return to our people.
– working on fighting corruption and racketeering and strongly.
– reorganised balancing our armed forces to meet the requirements phase.
– Iraq country free and democratic government and judiciary don’t join in on the most wanted nor allow mediation let’s eliminate his word.
– FREE US TRI-border area between Iraq and Syria to port al waleed and secure way to restore the movement of passengers and trade.
– there is no good terrorism, terrorism, and terrorism is bad all bad.
– our visit to Saudi Arabia planned since 2015.
– we don’t have one with county and seeking to build relationships with everyone based on mutual respect from the site of our strength.
– what kind of sources to buy weapons and not rely on one source.
– out there understand the assignment and got the new Iraq and he’s not here but came from the sacrifices of Iraqis, unity in the fight against ISIS.
– our unity and our strength in the face of terrorism we will adopt her in development stage after ISIS.
– world impressed and stance of Iraqis and glue them all in the fight against terrorism.
Read more: http://www.dinarupdates.com/showthread.php?50796-The-most-important-and-most-prominent-speech-by-the-Prime-Minister-Dr-Haider-Abadi
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Basra airport management announces the launch of a new air line with Antalya International Airport
The airport has witnessed the opening of an air route between the province and the Turkish city of Antalya. The airport is in a state of continuous expansion and it receives tens of thousands of passengers every month, the airport administration said.
Airport Director Samir Younis said that the air route was inaugurated today between Basra International Airport and Antalya International Airport, with one journey to transport the passengers weekly, pointing out that the new route represents the second destination to Turkey, where there is a passenger line between Basra and Istanbul.
Yunus pointed out that the plane that carried out the first flight to Antalya International Airport is a type of (Boeing 737) owned by Iraqi Airways and leased to a private company, adding that Basra International Airport is witnessing a significant expansion in its work, where he received more than 150 thousand passengers during the previous two months , And is expected to receive the same number in the next few weeks due to increased travel coincides with the summer vacation.
The airport manager said that Qatar Airways will increase the number of flights through Basra International Airport starting from the beginning of next month from ten flights a week to 14 flights, adding that the Egyptian airline is expected to travel in the near future between Basra International Airport and Cairo International Airport .
The Basra International Airport, established in the 1980s by a German company is the second largest airport in Iraq, with a maximum design capacity of 2.5 million passengers annually, and now includes offices belonging to airlines, including Iraqi Airways, Royal Jordanian Airlines, Turkish Airlines, Flydubai, UAE Airways and Qatar Airways, as well as domestic flights, as well as direct flights to Cairo, Beirut, Amman, Damascus, Dubai, Mashhad, Baku and Istanbul.
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The cabinet approves the draft supplementary budget law for 2017 and votes on decisions that are mostly economic
The Council of Ministers held its regular session on Thursday under the chairmanship of Prime Minister Haider Abadi.
Baker Bayan issued by the Iraqi government that the Council of Ministers approved the draft bill for the federal supplementary budget for the fiscal year 2017 and referred to the House of Representatives.
The House of Representatives voted on (7 December 2016) on the budget of 2017 all of its articles.
During the meeting, the vote on the national housing project in Maysan province, where the National Investment Authority grant and issue an investment license based on the memorandum of understanding between the province of Maysan and a number of companies.
The statement added that the board of directors’ system was voted in the educational hospital, as well as in the health departments in the provinces.
The statement added that the Council of Ministers voted on the system of selling and renting real estate and state land, and the public sector for investment purposes and control.
The draft law on graft was voted on.
The statement said that the Council voted on the framework document for the general national plan for reconstruction, as was approved the draft bill for the federal supplementary budget for fiscal year 2017 and referred to the House of Representatives.
Read more: http://www.dinarupdates.com/showthread.php?50793-The-cabinet-approves-the-draft-supplementary-budget-law-for-2017-and-votes-on-decisio
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BGG (Dinar Guru) – “Our economy is space. Monetary policy is an example” The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS! …for those pouting about not being rich yet – this is one more log on the FIRE! What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain. Quotes: “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...” “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…” BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday. Cannot be anymore direct.
Read more: http://www.dinarupdates.com/observer
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Iraq’s oil exports in June near May level, oil minister says
Iraq’s oil exports from fields owned by the central government in Baghdad are at around 3.27 million barrels per day (bpd) so far in June, about the same level as in May, Oil Minister Jabar al-Luaibi said on Thursday.
Total exports for all fields in Iraq, those of Baghdad and the Kurdish region in the north, have averaged 3.8 million bpd so far in June, he told Reuters in the southern oil city of Basra. The country as a whole is producing about 4.315 million bpd, he said.
Kurdish exports are running at about 520,000 to 530,000 bpd so far this month, he said.
Iraq is in “quiet negotiations” with foreign oil companies operating in Iraq to amend their services contract, he said, declining to give more details.
The country wants to change the terms of the contracts it deems no longer in its favor after oil prices collapsed three years ago, when they were in excess of $100 per barrel, to about $45 per barrel now.
Oil prices should start recovering by the end of July, to reach $54 to $56 a barrel by the end of the year, Luaibi said.
Iraq is the Organization of the Petroleum Exporting Countries’ second oil producer, after Saudi Arabia. The group in May rolled over an agreement to cut oil production with other exporting nations, until March, in order to support oil prices.
“Iraq supports the agreement that we reached; if developments happen contrary to OPEC’s interests, the (OPEC) ministers will hold an extraordinary meeting,” he said.
Iraq will continue developing its production capacity and will start executing a sea water injection project in its oilfields at the end of the year, even without an agreement with Exxon (XOM.N), he said.
“We are now in talks with Exxon Mobil, if we don’t reach an agreement, we have other options,” he said.
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Iraqi Dinar/Dollar auction 06-21-17 (most recent listing)
Currency Auctions Announcement No. 3470
This daily currency auction was held in the Central Bank of Iraq on the 06-21-2017
| DETAILS | NOTES |
| Number of banks | 39 |
| Number of remittance companies | 10 |
| Amount sold at auction price (US$) | 159,617,756 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 159,617,756 |
| Total offers for selling (US$) | —– |
Read More: http://www.dinarupdates.com/observer/
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1325.962 | 1325.299 |
| British pound | GBP | 1515.757 | 1514.999 |
| Canadian dollar | CAD | 895.884 | 895.436 |
| Swiss franc | CHF | 1219.613 | 1219.003 |
| Swedish krona | SEK | 135.962 | 135.894 |
| Norwegian krone | NOK | 140.286 | 140.216 |
| Danish krone | DKK | 178.289 | 178.200 |
| Japanese yen | JPY | 10.663 | 10.657 |
| Special Drawing Rights |
SDR | 1636.868 | 1636.050 |