KTFA

Don961: Today .. Iraq Stock Exchange resume its business after the holiday of Eid al-Fitr

20/6/2018 12:00 am

Baghdad / Al-Sabah

The Iraqi Stock Exchange, trading sessions, resume on Wednesday, after the end of Eid holiday. The Iraqi Stock Exchange, has identified on Wednesday, June 20, the first trading session after the holiday of Eid al-Fitr.

It is noteworthy that the Council of Ministers has granted state employees official leave until Tuesday, on the occasion of Eid al-Fitr. The General Secretariat of the Council of Ministers said that the working hours will be suspended on Sunday, Monday and Tuesday, and resume work, on Wednesday.    link

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Samson:  Paris to host 2018 Arab Banking Summit

20th June, 2018

The Euro-Arab Banking Summit of 2018 will be held in the French capital of Paris under the title “Medium Banking Dialogues” for the period from 28 to 29 June. It will be organized by the Union of Arab Banks under the patronage of French President Emmanuel Macaron. 

The Arab Banking Summit will be attended by finance ministers from Arab countries, the governors of Arab central banks, the Association of Iraqi Private Banks and a number of government and private banks. 

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, in an interview with “Economy News”, “The International Banking Summit organized by the Union of Arab Banks under the auspices of President of the French Republic Emmanuel Macaron in cooperation with the Association of French Banks (FBF),” noting that ” To focus on strengthening Arab-European banking relations and discuss several aspects of regional security, education and the environment.”

“The fields of cooperation will be opened to boost funding for medium and large projects, including gas, oil and water,” Tarek said.  “The summit will witness the honoring of the Arab banking personality for the year 2018.     LINK

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Samson:  University of Erbil holds a scientific symposium on the role of the Central Bank in achieving financial inclusion

20th June, 2018

The University of Erbil International in cooperation with the Central Bank and the Association of Iraqi private banks, a symposium entitled “The role of the Central Bank of Iraq in achieving financial inclusion.” 

A source familiar with the refusal to disclose his name to “Economy News”, “The University of Arbil International in cooperation with the Central Bank and the Association of private banks will hold a scientific symposium entitled (the role of the Central Bank of Iraq in the achievement of financial inclusion), next Sunday

He added that the seminar will be attended by representatives of the Central Bank are the Director of Payments Department, Sheikh Abdul Karim, the official spokesman of the Central Bank Bassem Abdul Hadi, Director of Relations in the Association of Private Banks Majid Michel and the financial and economic adviser to the Association of Private Banks Samir Nusairi and others     LINK

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Samson:  Iraq is preparing to sign an international economic agreement

2018/6/19 21:36

(AFP) – Iran’s First Vice President Yitzhak Jahangiri on Tuesday expressed his country’s readiness to sign a tripartite trade agreement with Iraq and Syria in the economic field,pointing out that Baghdad has expressed its readiness for the importance of trade cooperation.

The Iranian news agencies reported that Ishaq Jahangiri met Syrian Minister of Economy and Trade Mohammad Samer Al-Khalil in Tehran on Tuesday and praised Syria’s victories in the face of terrorist groups such as Daash and others. He said that these victories benefit not only the peoples of the region but also the European peoples. Terrorism these days and should praise the Syrian people’s struggle against terrorism.

He expressed his readiness to sign a tripartite agreement between Iran, Syria and Iraq in the area of ​​economic cooperation, adding that he had discussed with Iraqi Prime Minister on this subject , Stressing the “need for the rapid withdrawal of foreign troops deployed in Syria,” stressing that no country has the right to exist on its territory without the consent of the government.

“The recent decisions of the American president, such as the transfer of his country’s embassy to Jerusalem, the withdrawal from the nuclear agreement and some other agreements and violation of international laws,” he said, adding that these decisions would eventually have negative consequences for America itself.

The first vice president condemned the recent attacks by the Zionist entity on Syrian soil, referring to the relations between Iran and Syria.

He stressed that “the need to upgrade trade and economic relations between the two countries in parallel with political relations,” noting that “the private sector in Iran has high capabilities.”  “The readiness of Iranian companies to participate in the reconstruction of Syria at all levels, which requires the removal of banking obstacles between the two countries,” Jahangiri said.   LINK

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Samson:  Oil prices rise as US crude inventories fall

20th June, 2018

Recorded oil prices in Asian trading early on Wednesday, up with the support of the Declaration of the American Petroleum Institute for the decline in commercial crude oil inventories in the United States.

US crude inventories fell more-than-expected last week, while gasoline stocks and distillates increased, according to the institute’s weekly report.

Crude stocks fell by 3 million barrels in the week ending June 15 to 430.6 million barrels, compared with analysts’ forecasts of a 1.9 million barrel drop.

The Institute’s data showed that the average consumption of refineries of crude increased by 125 thousand barrels per day.

Gasoline inventories rose 2.1 million barrels, compared to analysts’ forecasts in a Reuters poll of only 188,000 barrels.

Distillate inventories, including diesel and heating oil, increased 757,000 barrels, compared to a forecast of 164,000 barrels.

While US crude imports fell last week by 172,000 barrels per day to 8.1 million bpd.

Global Brent crude futures were up 22 cents, or 0.3 percent, at $ 75.30 a barrel from the last close.

US West Texas Intermediate crude futures rose 27 cents, or 0.4 percent, to $ 65.34 a barrel.

A meeting of OPEC and its allies on Friday in Vienna overshadows the markets and is expected to make a decision during the meetings on whether they will increase global production and how much the increase will be. Such production has been curbed since 2017.

However, Iran said OPEC was unlikely to reach an agreement on oil production this week, opening the door to a clash with Saudi Arabia and Russia, which are pushing for more supplies.   LINK

Samson:  A report reveals the presence of 174,000 millionaires in Kuwait

20th June, 2018

Kuwait is ranked 17th among the world’s richest countries, with 174,000 peopleoutnumbering one million dollars in 2017, up 9 percent from 159,000 in 2016

According to the Global Wealth Report 2018 issued by the French informationtechnology consultancy Capgemini, the rise in the number of HNWIs in Kuwait was due to a 5.6% growth in capital, despite the country’s decline in GDP by about 2.5% Due to the sharp drop in oil prices and the real estate market falling by 3.3 percent

The United States topped the global list with more than 5 million millionaires, followed by Japan in second place with 3.162 million millionaires, Germany with 1.28 million millionaires and China with 1.256 millionaires

The recent improvement in the global economy has contributed to the growth of net wealth of the world’s wealthy to exceed the threshold of $ 70 trillion in 2017, an increase of 10.6 percent. The Asia-Pacific region and North America recorded nearly 74.9 percent Of the global increase in the number of HNWIs, an estimated 1.2 million new rich, and nearly 68.8 percent of global wealth growth of about 4.6 trillion

The report said that the region of Europe achieved a strong performance in 2017 by recording about 7.3 percent of global wealth growth   LINK

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