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Saturday, May 5, 2018

KTFA UPDATE, 5 MAY

Samson:  US oil prices rise to their highest level since November 2014

08:05 - 05/05/2018 

Oil prices rose nearly 2 percent and US crude hit its highest level in more than three years.
Reuters quoted traders as saying the oil market had received support with a deadline approaching May 12.

The rise in oil prices came on the back of the survival of global supplies of crude constrained and the market waiting for news from Washington on a further escalation in the Middle East.

Global Brent crude <LCOc1> rose $ 1.25, or 1.70 percent, to settle at $ 74.87 a barrel, ending the week up 0.4 percent.

US benchmark WTI futures rose $ 1.29, or 1.89 percent, to close at $ 69.72 a barrel after reaching earlier at $ 69.97, the highest level since November 2014. US crude ended the week with gains of just over 1.5 percent.    LINK
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Frank26:  Sir....(Walkingstick) ..... we may not make it to Monday’s conference call

Ahwman:  The two things that come to my mind when Frank says “We might not make it to Monday’s CC” is either the 2nd article making its appearance or the ATM machines being activated...

S.Josh: Saying everything...... and nothing at all at the same time.

Dinah:  Maybe there is a notice of the 24 hr starting 

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Hope2:  Care to launch anything else fellas?????

Samson:  Planning Announces the date of launching the implementation of the National Development Plan 2018-2022

 5th May, 2018

Deputy Minister of Planning, Maher Hammad Johan, announced that the government will launch the implementation of the National Development Plan 2018-2022 next Wednesday"Next Wednesday, Progrplan    LINK

MBlaze:  Announces the date??  Interesting choice of words.

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Salamon69:  Interesting,  in this article there was an agreement made in 2009 of economic partnership between Iraq and Turkey.  But NOW that 2009 agreement is being ACTIVATED OR IN OTHER WORDS AS FRANK LIKES TO SAY ---- LAUNCHED!

Samson:  Iraq and Turkey sign the minutes of joint agreements between the two countries
 

5th May, 2018

Held the Iraqi-Turkish Joint Commission on Economic and Technical Cooperation on Saturday, meetings of the eighteenth session in the Turkish capital of Ankara.  "Foreign Minister Ibrahim al-Jaafari led the Iraqi delegation at the 18th session of the Joint Iraqi-Turkish Joint Committee for Economic Cooperation and held joint and intensive meetings with the head of the Turkish side represented by the Minister of Customs and Trade Bulent Tofenggi," a foreign ministry statement said. "Noting that" after the meetings were signed minutes of joint agreements between the two countries in several areas."

The agreements signed include the activation of the comprehensive economic partnership signed in 2009, the promotion and protection of mutual investments, the establishment of exhibitions, cooperation on free zones, in addition to discussing the issue of water and energy, industry, agriculture, health, environment, culture, tourism and education. , Education, science and technology ".

He noted that "Jaafari praised the efforts made by the technical committees to achieve and activate the common interests between Turukey and Iraq," he said that "Iraq is still looking forward to the international community's support in the reconstruction and construction, and the contribution of countries in the world to invest and support the economic field."
For his part, the Turkish Minister of Customs and Trade Bulent Tofenggi said that "the meetings of the eighteenth session of the Iraqi-Turkish Joint Committee for Economic and Technical Cooperation were important and positive and will contribute to opening new horizons for joint cooperation." He stressed that "unity, stability and well- .

"Iraq is a strong economic partner of Turkey and Turkish companies represent a large percentage of up to 50% of foreign companies operating in Iraq, looking forward to increase the volume of investments and trade exchange between the two countries."

He pointed out that "Turkey will host this year a forum for the reconstruction of Iraq, support for investment, the meeting of the Federation of Iraqi Chambers of Commerce, the Turkish Foreign Trade Relations Authority, the meeting of Iraqi banks with Turkish banks to increase the volume of economic cooperation and the desire of his country to expand the crossing of Ibrahim Khalil, Open another gate in Vishkabur, and expand cooperation in different areas. " LINK

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Salamon69:   There's that word again.....  LAUNCHED

Samson:  The "second installment" of social benefits salaries for 2018 begins

 5th May, 2018

The Minister of Labor, Head of the Social Protection Authority Mohammad Shiaa al-Sudani, announced the launch of the second installment of social benefits salaries for 2018 to more than one million and (115) thousand families with a total amount of more than (311) billion dinars.

He pointed out that "the first batch of additional allowances for the families covered by the conditional cash benefits program in the Sadr City / 2 (405) families, calling on beneficiaries to review the outlets to receive their salaries."

According to the Director General of Social Protection Fund, Jacqueline Saliwa, "the social benefits paid to (686774) of the men amounted to more than (213) billion dinars and to 428409 of the total amount of women to more than (97) billion dinars "He said.

For his part, spokesman for the ministry and the protection body, Ammar Menem, said that "the second installment of social benefits salaries for 2018 witnessed the launch of the first batch of additional benefits to the families benefiting from the pilot program (405) families with (398) of men up to more From 15 million dinars and seven families supported by women up to (330) thousand dinars. "

The Social Protection Authority announced the official launch of the health and education cash benefits program in Sadr City 2, which is being implemented in cooperation with the World Bank, UNICEF and Ministries of Education, Health, Planning and Finance. (9-14 years), as well as attendance in health care programs from pregnant mothers and children up to six years of age.    LINK
Don961: Dow 30 Index ... S&P 500 Index ... ISX 60 Index .... wonder how well the ISX will do after the RI  ???? ..... imo

The stock market announces the rise of the index "ISX 60" with the decline of shares

Economie

Since 2018-05-05 at 12:36 (Baghdad time)
                            
Baghdad Mawazine News

The index of Iraq Stock Exchange (ISX 60) rose in the index of the market while the volume and value of shares traded during the sessions last week compared to the week before.

"During the week ending May 3, the market organized four trading sessions in the regular market and three sessions in the second market, and traded during the last week's sessions shares of (36) companies in the regular market," Taha Ahmed Abdul Salam, the market's executive director, said in a statement. And five companies in the second market did not trade during the sessions last week shares (38) companies to the number of companies suspended from trading (23).

He pointed out that "the number of companies listed in the market is (102) joint-stock companies, of which (73) listed companies in the regular market and (29) listed companies in the second market."

"The number of shares traded for the last week reached (12.294) billion shares compared to (14.778) billion shares for the week before, down by 16.8%, while the value of shares traded for the same week (10.654) billion dinars compared to (14.399) billion dinars for the week which Before him is also low by 26%. "

"The ISX 60 index closed at 607.91 points last week, up by 0.17 percent from the previous week's close of 606.85 points. The number of transactions executed last week reached 1306 deals, 1791) a deal for the week before. "is over   link

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Samson:  The opening of the Silk Road between Jordan and China

 2nd May, 2018

The Silk Road Center for Fujian Province products, the "Leon An Empire of Bambo" and the Jomo exhibition opened in Amman on Wednesday.

"The Jordanian Minister of Industry and Trade, Yarub al-Qudah, opened today the Silk Road Center for Fujian Province Products, the Experimental Center (Lyon-en-Empire of Bambo) and the Jomo exhibition in Amman," the official Jordanian News Agency (Petra) said. 

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