Category: Dinar Daddy

This will become a WIN-WIN for all!

TopShelf:  Everyone knows that Iraq wants to go international and the IQD is ultimately INTENDED for the Iraqi citizens to use. But it will also be used as a RESERVE / SUPPORT currency. Iraq’s books show what a dinar is and how many they have. Iraq citizens want purchasing power and a currency that is deserving of its true value. Dr. Shabibi knows … (everybody knows) when it’s time for the Iraqi’s to use the IQD they will abandon the USD like wildfire!

Iraq is paying a lot of people…the spreadsheet has value. Iraq needs to pay a lot of people (contractors and citizens). This will become a WIN-WIN for all! The evidence is there. Iraq is paying a lot of people…from country to country…from central bank to central bank. Hang-on…it’s coming! Iraq does not want to wait until the last minute…with a goal before Ramadan. Understand this…Iraq couldn’t start this…(paying people) unless they knew that they could finish it.

U.S. stocks surge, as S&P 500 reaches all-time closing high at 2,121.10

Investing.com –

Investing.com — U.S. stocks moved broadly higher on Thursday amid a weaker dollar, as the SP 500 Composite index reached an all-time closing high.

Boosted by strong gains in the Technology, Health Care and Consumer Goods sectors, the SP 500 gained 22.62 or 1.08% to close at 2,121.10, slightly above its previous record of 2,117.69 reached in late-April. On a bullish day of trading, nine of 10 sectors closed in the green with only Energy stocks failing to move higher.

The Dow Jones Industrial Average and the NASDAQ Composite index, meanwhile, remained in near-record territory, erasing previous losses from earlier this week. The Dow soared 191.75 or 1.06% to 18,252.24, while the NASDAQ gained 69.11 or 1.39% to 5,050.80, amid a rally in biotech stocks.

The top performer on the Dow was Apple Inc (NASDAQ:AAPL), which rose 2.74 or 2.14% to 128.75, after analysts at UBS increased its EPS forecasts for the company amid strong projections of iWatch sales. The worst performer was Cisco Systems Inc (NASDAQ:CSCO), which fell 0.32 or 1.07% to 29.04, despite beating analysts’ forecasts with its quarterly revenue and EPS released on Wednesday after the bell.

On the NASDAQ, the biggest gainer was VimpelCom (NASDAQ:VIP) which rose 0.23 or 3.97% to 6.02 a share. VimpelCom finished just ahead of Facebook Inc (NASDAQ:FB), which gained 2.90 or 3.70% to 81.34 on a frenetic session for the social networking site. The worst performer, meanwhile, was Vertex Pharmaceuticals Inc (NASDAQ:VRTX) which fell 2.52 or 2.01% to 123.00, days after the FDA gave preliminary approval to the company’s new Cystic Fibrosis drug. Vertex Pharmaceutical is still up by more than 17% over the last three months.

The top performer on the SP 500 was Computer Sciences, which gained 2.77 or 4.29% to 69.11. The worst performer was Wisconsin-based department store chain Kohl`s Corporation, (NYSE:KSS) which plunged 10.04 or 13.47% to 64.47. Though Kohl’s posted same-store sales increases of 1.4% for the first quarter, the gains fell significantly below analysts’ forecasts of a 2.6% spike.

Shares in Avon Products Inc (NYSE:AVP) soared nearly 15%, after a hoax acquisition attempt halted trading in the cosmetics company three times early in the session. Avon shares gained roughly a point to move above $7.50 a share, after an apparent fake company in the Indian Ocean made an offer for the New York-based company nearly three times its market value. It was quickly determined that PTG Capital Partners, the company in question, does not exist.

Also, shares in Puma Biotechnlgy (NYSE:PBYI) slid 39.05 or 18.62% to 170.67 after disappointing results of a trial for its experimental Breast Cancer drug.

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The US House of Representatives discusses the defense budget for next year

Nina / discusses The US House of Representatives discusses on Wednesday, the defense budget for next year with proposals to amend the items of military support for Iraq.

Chairman of the Armed Services Committee in the US House of Representatives / Mac Thornberry / said in a press statement that he “submitted amendments to the terms contained in the defense budget project for 2016, on US military support for Iraq.

He added that the proposed amendments aim to clarify that” we are not trying to divide Iraq or dealing with the parties within it as separate states, but to encourage all parties to fight this common enemy represented by the terrorist organization / Daash /.

Thornberry said that “the project items related to US military support for Iraq, do not aim to interference in the sovereign decisions taken by the Iraqis on their conditions, indicating that the concern expressed by some Iraqi political forces of the draft budget based on incorrect interpretations.”

The House of Representatives decided in the 2nd of May its rejection to the draft resolution of the US Congress dealing with the Kurds and Sunnis as two states, and arming them without reference to the central government./End

 

President Masum In Iran, Meets Rowhani

Iranian President Hassan Rouhani received Iraqi President, Fuad Masum in the Republican building in Saad Abad district of central Tehran on 13, May.

It is mentioned that Masum arrived yesterday to the Iranian capital Tehran on an official three-day visit.

He was greeted, at Tehran airport, by the Minister of Commerce and Industry of Iran, Mohammad Reza Nemat.

Masum’s visit to Iran, which is his first since assuming the presidency of the Republic, came at the invitation of the Iranian counterpart Hassan Rowhani, who met him earlier today and he is scheduled to meet Supreme Leader of the Islamic Republic of Iran Ali Khamenei, President of the Shura Council, Ali Larijani, Expediency Council Chairman Hashemi Rafsanjani and other Iranian officials.

President Masum is accompanied, during his visit, by a government delegation including the ministers of environment, trade and a number of senior advisers and experts./ End

 

Baiji’s oil refinery could be destroyed during battle to save it

On Thursday, Reuters reported that ISIS militants have dug trenches around gas tanks at Baiji’s oil refinery, raising the stakes in a battle where the price of victory may be the refinery itself and the Iraqi forces that are trapped inside it.

Reuters reported that 200 Iraqi security elements are trapped inside the refinery. A police source was quoted by Reuters as saying, “They have dug trenches near the hydrogen and natural gas tanks. The warplanes can not hit them because it is very dangerous and we could get killed too.”

Another source said, “They are maintaining their momentum just like Kobani; they keep throwing people at the refinery. The only difference is that Kobani is a city and Baiji is an industrial facility, and it’s difficult to manage a fight inside an area that is surrounded 360 degrees.”

 

Morocco stocks lower at close of trade; Moroccan All Shares down 0.01%

Investing.com –

Investing.com – Morocco stocks were lower after the close on Thursday, as losses in the Mining, ForestryPaper and ConstructionBuilding Materials sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.01% to hit a new 3-months low.

The best performers of the session on the Moroccan All Shares were Fenie Brossette (CS:FBR), which rose 5.96% or 8.35 points to trade at 148.35 at the close. Meanwhile, CIH (CS:CIH) added 5.17% or 16.20 points to end at 329.50 and Saham Assurance (CS:SAH) was up 3.56% or 39 points to 1134 in late trade.

The worst performers of the session were Rebab Company (CS:REBA), which fell 5.98% or 7.55 points to trade at 118.60 at the close. Alliances (CS:ADI) declined 3.38% or 4 points to end at 110 and Managem (CS:MNG) was down 3.32% or 31 points to 901.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 17 to 12 and 9 ended unchanged.

Crude oil for June delivery was down 1.65% or 1.00 to $59.50 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 1.09% or 0.73 to hit $66.53 a barrel, while the June Gold contract rose 0.39% or 4.80 to trade at $1223.00 a troy ounce.

EUR/MAD was down 0.11% to 10.9190, while USD/MAD fell 0.08% to 9.6193.

The US Dollar Index was down 0.10% at 93.65.

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Shaways looking with the British Ambassador the economic situation in Iraq

Baghdad/ NINA /– Deputy Prime Minister Ruz Nuri Shaways discussed today with the British Ambassador Frank Baker the bilateral relations and ways of enhancing them.

The two sides also discussed, according to a statement by Shaways office “the political and military situation in Iraq and the war against Daash gangs,

The two sides also touched the difficult economic and financial situation that Iraq facing currently and the need for quick solutions to overcome this crisis, taking into account the prohibitive costs of the war on terrorism.

LINK

It’s gonna be a good year folks

Shredd:   Abadi & Shabibi = dream team. It’s gonna be a good year folks…imo IMF is eager to see Iraq out of the dual currency status. imo, this is the year we will see currency reform begin, we may choose to wait it out longer for a greater return but imo there is no way the rate will be 1166 a year from now…too many indicators saying so. CBI said gradual process to begin first part of this year and the constipation of Maliki is gone so with govt support, we should expect the plan to move forward.

European stocks fluctuate after the open; DAX picks up 0.1%

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Investing.com – European stock markets swung between small gains and losses on Tuesday, as investors shrugged off upbeat trade data from China, instead focusing on plunging oil prices.

During European morning trade, the EURO STOXX 50 dipped 0.15%, France’s CAC 40 shed 0.1%, while Germany’s DAX 30 tacked on 0.1%.

China reported a trade surplus of $49.6 billion in December, broadly in line with expectations. Exports jumped 9.7% in December, but imports rose by a smaller-than-forecast 2.4%, pointing to weak domestic demand.

Meanwhile, crude oil prices fell to almost six-year lows, pressured lower by concerns over a global supply glut.

The rout in oil prices has fuelled concerns of exacerbating already low levels of inflation in many major world economies, sending investors into safe haven assets.

Sentiment remained supported amid speculation that the European Central Bank will embark on full blown quantitative easing as soon as its next meeting on January 22.

Elsewhere, in London, the commodity-heavy FTSE 100 rose 0.25%, as investors looked ahead to key December inflation data due later in the session.

In the U.S., equity markets pointed to a modestly higher open. The Dow Jones Industrial Average futures pointed to a 0.15% rise, SP 500 futures signaled a 0.15% gain, while the Nasdaq 100 futures indicated a 0.15% increase.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, eased to 92.17, off the 12-year peaks of 92.76 scaled last week.

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U.K. PPI input falls 2.4% in December

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Investing.com – Producer price inflation in the U.K. fell for the seventh consecutive month in December, official data showed on Tuesday.

In a report, the U.K. Office for National Statistics said that PPI input declined by a seasonally adjusted 2.4% last month, worse than expectations for a 0.3% drop.

PPI input fell by 0.7% in November, whose figure was revised from a previously reported drop of 1.0%.

The report also showed that PPI output dipped by a seasonally adjusted 0.3% in December, disappointing expectations for a 0.4% gain, after falling 0.2% in November.

GBP/USD was trading at 1.5099 from around 1.5116 ahead of the release of the data, while EUR/GBP was at 0.7822 from 0.7814 earlier.

Meanwhile, European stock markets remained mildly higher. London’s FTSE 100 tacked on 0.3%, the EURO STOXX 50 picked up 0.1%, France’s CAC 40 advanced 0.15%, while Germany’s DAX rose 0.15%.

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