“Eye of Iraq” publishes the final communiqué of the Arab-American Islamic Summit
The Arab summit held in Riyadh on Sunday called for building a close partnership between countries to confront “extremism and terrorism” and welcoming 34,000 troops as a reserve force to support operations against “terrorism” in Iraq and Syria.
“We must build a close partnership between the participating countries to confront extremism and terrorism, and the leaders reaffirm their countries’ firm commitment to fighting terrorism in all its forms,” the statement said.
It also included “an agreement among the participating countries to address the intellectual roots of terrorism and the drying up of its sources of funding, and to commend the exchange of information on foreign fighters and movements of terrorist organizations.”
The leaders welcomed the “establishment of a global center based in Riyadh to counter extremist ideology.”
The final statement “commends the exchange of information on foreign fighters and the movements of terrorist organizations, as well as the importance of progress towards a political settlement of conflicts.”
The statement also included “welcoming 34,000 troops as a reserve force to support operations against terrorism in Iraq and Syria.”
The Arab American Islamic Summit in Saudi Arabia ended on Sunday evening.
The summit took place on Sunday afternoon in the presence of leaders from more than 50 countries, including President Fuad Masum and US President Donald Trump.
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Joint operations of “Iraq Eye”: these remaining neighborhoods of Ayman Mosul
Baghdad / .. The spokesman for the Joint Operations Command Brigadier Yahya Rasul, Sunday, that the victory is very soon, specifying the neighborhoods that separate from the Mosul Declaration is fully liberated.
“The remaining neighborhoods of the right coast of the city of Mosul are completely surrounded by all sides and there is a constant targeting of elements of the organization calling the terrorist, and he is currently losing the system of leadership,” Rasul said. Time, and very soon the Iraqis will be happy to hear the news. ”
He pointed out that “the remaining neighborhoods, which are still under the control of Dahesh, the first recovery and health and Bab Sinjar, the field and the Farouk and simple parts of the brick door,” explaining that “these areas are densely populated and adjacent and difficult to advance the armored cars, so the forces progress slowly to protect civilians”.
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The Iraqi Trade Bank announces the opening of its branch in Ramadi
The Iraqi Trade Bank (TBI) announced on Monday the imminent opening of its branch in Ramadi after reconstruction.
The bank said in a statement received by the “Economy News” a copy of it, it will be with the help of the reopening of the branch of the Iraqi Bank for Trade (TBI) in the city of Ramadi to contribute to the reconstruction of liberated areas after the destruction caused by terrorist gangs.
“The return of the liberated areas is the responsibility of all and we believe that we will return to our people in Ramadi to serve them.
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The Association of Private Banks establishes a due diligence cycle in opening accounts
The Association of Iraqi Private Banks announced on Monday the launch of a training course entitled “Due diligence in opening accounts and know your customer KYC” in cooperation with the integrated solutions company and the participation of 74 employees in Iraqi banks.
The Executive Director of the Association of Private Banks, Ali Tariq, told the “Economy News” that “the Association of Private Banks organized a two-day training course, noting that” this session was held due to increased interest in the topics of combating money laundering and financing of terrorism and the process of opening accounts and due diligence Which is explained by Iraqi law and the instructions of the Central Bank of Iraq and international norms, which is the main pillar and gate for the process of combating money laundering and financing terrorism.
He added that “the beneficiaries of the course are the employees in the branches of banks and the sections of the current and compliance and combating money laundering and operations,” noting that “the axes of the session will be on the types of bank accounts and the mechanism to open accounts and documents required and know your client (KYC) and the mechanism to fill the form and instructions of the law on combating money laundering and terrorism financing “He said.
The Association of Private Banks has established many courses in the fight against money laundering and the financing of terrorism. He also called on the Governor of the Central Bank Ali Alalak earlier, private banks to the need to train banking cadres on the latest means of combating money laundering and financing of terrorism and risk management.
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BGG (Dinar Guru) – I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before. (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report. We are close. REAL CLOSE.
Read more: http://www.dinarupdates.com/observer
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Oil prices rise to $ 54 a barrel
Crude oil prices continued to rise Monday, and Brent crude rose to $ 54 a barrel for the first time since April 18.
According to Russian media, “By 5.49 (Moscow time) the price of crude futures for the Brent North Sea crude oil futures contract reached $ 54.07 per barrel.”
The OPEC countries reached a meeting on November 30 last, an agreement to reduce the volume of oil production by (1.2) million barrels per day, starting in early 2017.
The non-OPEC countries agreed that the total reduction of their oil production would be 558,000 bpd, of which 300,000 barrels would be from Russia. ”
Read more: http://www.dinarupdates.com/showthread.php?49381-Oil-prices-rise-to-54-a-barrel
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It’s said that no greater love has a man than this — that he should lay down his life for his friends.
Vice President – Mike Pence
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Iraqi troops recapture half of biggest western Mosul district
Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.
In statements on Friday, the War Media Cell quoted the Nineveh Operations Commander, Lt.Gen. Abdul Amir Yarallah, as saying that the 9th armored division retaken the northern part of 17 Tamuz (July 17) in the western side of Mosul.
In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.
Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.
“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.
Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.
More than 16,000 IS members were killed since beginning of operations in Mosul, Brigadier General Yahya Rasool, the military spokesperson, said in a press conference on Tuesday declaring that 89.5 percent of western Mosul was liberated with only a few districts remaining under the militants’ control.
Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.
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U.N. says 200,000 more people could flee Mosul as fighting intensifies
The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.
Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.
Backed by a U.S.-led coalition, Iraqi forces have dislodged Islamic State from all but about 12 square km (5 square miles) of the city and are seeking to claim victory before the holy month of Ramadan in less than two weeks.
The militants, however, still control the Old City, where they are expected to make their last stand in the densely populated, narrow streets that are impassable for armored vehicles.
“As military operations intensify and move closer to Mosul’s Old City area, we expect that up to 200,000 more people will flee,” Lise Grande, the U.N.’s Humanitarian Coordinator for Iraq said in a statement, describing the figures as “alarming”.
“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”
Nearly 700,000 people have fled Mosul since the start of the campaign to retake the city last October, seeking refuge either with friends and relatives or in camps.
Human Rights Watch said on Thursday the Iraqi army and other local security forces had forced over 300 displaced families to return to districts of Mosul that are still at risk of attack by Islamic State.
“These families should not be forcibly returned to unsafe areas and areas that lack adequate water, food, electricity, or health facilities,” said Lama Fakih, deputy Middle East director at Human Rights Watch.
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Al-Rashid: Our predecessor to pensioners up to 3 million dinars
Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.
The bank’s assistant director Muataz Abdul Rasul said that “the bank is still continuing to grant advances to retirees according to his pension and the amounts ranging between one million and 500 thousand dinars and two million dinars and three million dinars.”
Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”
It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.
Read more: http://www.dinarupdates.com/member.php?47292-MadDScout
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Iraqi Stock Exchange: Shareholding companies are not commensurate with capital and call for ..
The Iraqi market for securities, the number of joint stock companies operating in Iraq is not commensurate with the capital of Iraq, calling for the dissemination of the culture of investment in capital.
“The number of participating companies in the Iraqi economy is 130, which is not commensurate with the Iraqi capital, whose size exceeds many times this number,” Taha Ahmed Abdul Salam, the market’s executive director, said in a press statement.
“Indicators associated with the investment field are still below the level of ambition,” he said.
“Efforts that are based on spreading investment culture must be diversified in capital,” he said.
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“Iraqi oil”: the process of exporting Kirkuk oil is not clear and beyond the control of the central government
A spokesman for the Iraqi Oil Ministry, Asim Jihad, during his conversation with Roudao correspondent, Mustafa Koran
The spokesman for the Iraqi Oil Ministry, Assem Jihad, that “despite disagreements and differences in views on the subject of oil agreement between the Kurdistan Regional Government and the central government, but hope remains always, and seek to accelerate the creation of a new agreement to serve the national interest.”
“We are always seeking an agreement that serves the citizens in all Iraqi provinces, as well as the Kurdistan region, and therefore we must work on this subject in a common national spirit, and look for the national stage,” Jihad told the network.
Jihad said that “despite the lack of implementation and commitment from both sides on the previous oil agreements, but the people remain one, and therefore must always remain hope because we are all Iraqis in the end.”
On the issue of non-disbursement of the “Petrodollar” of the province of Kirkuk, the spokesman for the Ministry of Oil, “Kirkuk province has become a complex and difficult issue, and there are a lot of things out of control, and the federal government does not have authority over all the oil fields in Kirkuk, Not clear, and all this leads to the non-disbursement of (petrodollar) of the province of Kirkuk. ”
As for the city of Basra, which is a source of the economy of Iraq, which suffers from marginalization in all respects, Assem Jihad said that “the Ministry of Oil and the Ministry of Technical, and its work is to explore and the issuance and sale of oil, and the return of cash to the central government, The Petrodollar issue, where this amount is spent permanently. ”
With regard to the establishment of a province in Basra, and its economic impact on Iraq, Jihad said: “We do not want to anticipate events and judge this issue, the subject was an idea, but not realized until this moment, and when it is realized there will be another talk about this subject.”
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BGG (Dinar Guru) – Article: “Iraq offers compensation settlement and Kuwaiti debt against investment” Quote: “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“. two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq? One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period. Really good news – entering final talks – it appears.
Read more: http://www.dinarupdates.com/observer/
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Transport announces the opening of a direct air line between Baghdad and Belgrade at the end of this month
BAGHDAD – A spokesman for the Ministry of Transport, Salim Musa, announced on Tuesday the opening of a direct air link between Baghdad and the Serbian capital Belgrade at the end of this month in the absence of “obstacles” administrative, indicating that the Minister of Transport Kazem A cup has been working for some time on the opening of direct air links between Baghdad and the European capitals to restore the Iraqi Airways to the reality.
He explained, “These efforts were strengthened by the opening of direct flights between Baghdad and some countries, where was going to Serbia and the holding of several meetings and agreements resulted in the creation Formula to open a direct line with Belgrade and accepted with Athens, ” Pointing out that “the collection of direct visa from the airport needs efforts should be made by the Ministry of Foreign Affairs and there is an actual approach to this matter.”
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Kaperoni (Dinar Guru) – Article: “ATMs for MasterCard card users” …it is fun to watch all the pieces be put in place for the economy to take off. Iraq is literally going from the stone age to the 21st century with technology in a few years.
Read more: http://www.dinarupdates.com/observer/
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Adam Montana (Dinar Guru) – [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates. How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates? Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?] This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money. It just dilutes the dollar a little bit more. IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.
Read more: http://www.dinarupdates.com/observer/
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Iraqi Dinar/Dollar auction 05-22-17 (most recent listing)
Currency Auctions Announcement No. 3447
This daily currency auction was held in the Central Bank of Iraq on the 05-22-2017
| DETAILS | NOTES |
| Number of banks | 38 |
| Number of remittance companies | 10 |
| Amount sold at auction price (US$) | 153,858,635 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 153,858,635 |
| Total offers for selling (US$) | —– |
Read More: http://www.dinarupdates.com/observer/
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1323.594 | 1322.932 |
| British pound | GBP | 1539.792 | 1539.022 |
| Canadian dollar | CAD | 874.188 | 873.751 |
| Swiss franc | CHF | 1210.015 | 1209.410 |
| Swedish krona | SEK | 135.040 | 134.972 |
| Norwegian krone | NOK | 140.924 | 140.853 |
| Danish krone | DKK | 177.877 | 177.788 |
| Japanese yen | JPY | 10.630 | 10.625 |
| Special Drawing Rights |
SDR | 1634.630 | 1633.813 |