Sadr’s understanding with Allawi and Hakim waiting for Abadi


BAGHDAD – Sources close to the leader of the Sadrist movement Moqtada al-Sadr said that the list of “Ssron” supported by is about to achieve a broad understanding with the winning forces in the Iraqi general elections, to form a “national majority,” which will include lists of more than 200 deputies in the next parliament, Consisting of 329 chairs.

The sources told “Arabs” that the negotiating delegation representing the list of “Saron”, has completed a preliminary understanding with the delegation of the national list led by Iyad Allawi and the stream of wisdom led by Ammar al-Hakim, to form “the majority of the national” in parliament, stressing that “serious negotiations are now between representatives of this Tripartite understanding and victory lists led by Haider al-Abbadi and Fatah led by Hadi al-Amiri, to expand the majority of the national under the dome of the next parliament. “

She added that “Sawson and patriotism and wisdom will open lines of direct negotiations during the next few days with Massoud Barzani, leader of the Kurdistan Democratic Party, and the coalition of the decision led by Khamis Khanjar, for understanding and coordination.”

But sources close to Sadr denies the signing of any agreement on the formation of the largest bloc, because this can not be achieved without the ratification of the elimination of the results of the elections that took place on the twelfth of May.

However, the sources stressed that “the parties to the understanding, which extends from being a tripartite, to become a springboard, confident that the manual counting procedures to be applied by the judiciary to ensure the integrity of the elections, will not change their general results.

The leader of the stream of wisdom, Raad al-Haidari, said that “Asrun” and “patriotism” and “wisdom”, signed “an agreement on the principles of the initial formation of an alliance between the three forces,” stressing “the continuation of negotiations with the victory coalition led by Haider Abadi, “He said.

A senior leader in Nuri al-Maliki’s State of Law coalition told the Arabs that the former prime minister, backed by Iran, “has reached understandings similar to those of the Sadrists, but will not announce them before deciding the fate of the results.”

He says that “accelerate the announcement of the tripartite understanding between Sadr and Allawi and Hakim, comes to pre-empt the movement led by Maliki, to form the largest bloc, and it seems that there is a grant of the leader of a coalition of state law pledge to ally with him.”

He adds that the leadership that “talk about serious negotiations between the people and the opening, can not be relied upon,” asserting that “the conquest can not go to the alliance with any other party without coordination with a coalition of state law,” in reference to the Iranian parachute, which guide them together.

But a prominent leader of the Sadrist movement told the “Arabs” that “the tripartite understanding is the result of negotiations lasted for weeks, and has nothing to do with the procedures to challenge the election results.”

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The G7 summit and emerging market currencies are the focus of global markets today


The G7 summit and emerging market currencies are the focus of global markets today

From – Ahmed Shawky: –

Direct: dominated the meeting of the seven major industrialized nations in Canada on the world markets by the end of the day Friday as the performance of emerging market currencies a share of events around the world.

Summit of the Group of Seven

The summit of the Group of Seven (G7) industrialized nations in Canada kicked off the scene as investors awaited the trade situation as the meeting began, especially as it was the first confrontation of US President Donald Trump with countries affected by steel and aluminum tariffs.

For his part, the US president called for Russia to return to the meeting of the seven industrial countries after being excluded in 2014, which was supported by the new Prime Minister of Italy, “Giuseppe Conte . 

The report also said that French President Emmanuel Macaron had “very cordial” talks with Trump, who said he did not mind the United States leaving the G-7 meetings and becoming the Group of 6.

In another context , the White House announced that the US President will leave the G7 summit early to head to Singapore before meeting with his North Korean counterpart Kim Jong-un.

Emerging Markets Currencies Drop

The decline in the performance of emerging markets currencies  during the day, with the decline of the currency of Argentina, Turkey, as well as the currency of South Africa, which fell about 0.8% against the green card.

Despite the recovery of the Turkish lira against the US dollar yesterday after raising the rate of interest, but it reverted again during the day as the political developments in Turkey before the early elections.

The Argentinean currency was worse off than its Turkish counterpart, with Argentine bourse falling 2.6% against the dollar during trading.

Meanwhile, Argentina reached an agreement with the International Monetary Fund (IMF) for a $ 50 billion loan over three years with hopes that it would help resolve the country’s economic crisis.

While the Brazilian riyal was the biggest gainer among emerging-market currencies against the US currency after rising by about 5% to record the domestic currency the biggest daily gain since 2015.

Official data in Brazil showed inflation accelerated at its  most monthly pace since last December.

The decline of goods

Nymex recorded weekly losses after falling as the day’s session settled, as US production increased and demand for crude fell in China.

Baker Hughes data released today increased the US oil drilling platforms by one platform during the week ending today, and the natural gas platforms increased by one platform as well.

For his part, criticized Iran’s delegate to OPEC, the US demand for Saudi Arabia to increase oil production, pointing out that the Organization of Petroleum Exporting Countries will not respond to Washington’s demands.

The gold despite the decline by the end of the session, with the rise of the US dollar, but it achieved a weekly gain of about 0.3%.

Stock Indices

The Dow Jones Industrial Average posted its biggest weekly gain in three months at the end of the day, as US stocks closed higher as trade conditions awaited the G7 summit.

Apple fell in trading after expectations of a drop in demand for iPhone phones by about 20%.

While European bourses closed today’s session in the red range, recording weekly losses as global trade tensions await.

In  Germany, trade balance surplus fell more than expected in April as exports fell.

The Tokyo Stock Exchange closed at the end of trading, but Nikkei posted its biggest gain in 11 weeks.

Economic data showed Japan’s economic growth slowed in the first quarter of this year.

In China, the trade balance surplus fell in May as imports increased.

Related Topics 

Source : Mubasher

Central bank prices are indicative and the market is globally linked


Date of publication: Saturday, 09 June 2018

Yousef Al Bastanji (Abu Dhabi)

Local currency traders stressed that the foreign exchange rates of companies and banking offices are determined directly by changes in their prices on the international markets. Prices starting from mid-May 2018 for the purpose of calculating taxes are considered indicative prices.

They pointed out that the local market, which employs about 140 banking companies, is witnessing very fierce competition in this sector. Therefore, companies can not raise prices or expand the margin of fees and commissions charged by exchange or remittance operations, because they will be threatened by the loss of their customers.


They said that the prices issued by the Central Bank are indicative and non-binding to banking companies, but they are binding on the business sectors in the state for the purpose of calculating taxes on a specific date and against a specific foreign currency.

They pointed out that the market witnessed significant growth in remittance and banking activity during the holy month of Ramadan, which is estimated to grow by 10% compared to previous months, especially for Arab and Islamic countries.

Mohammed Al Ansari, CEO of Al Ansari Exchange, said that the list of foreign exchange rates that the Central Bank started issuing on a daily basis from mid-May 2018 is considered indicative prices for the banking sector in the local market. The tax, according to what is announced, explaining that «central» did not ask the banking companies in the State to adhere to these prices. … more

URGENT Parliament postpones tomorrow’s hearing to further notice

Release date: 2018/6/8 23:18


House of Representatives postponed its scheduled session on Saturday to another notice.

“The House of Representatives decided to postpone its scheduled meeting on Saturday, to another notice [without knowing the reasons],” a parliamentary source told All Iraq.

It is noteworthy that the House of Representatives voted in the special session held under the chairmanship of Salim al-Jubouri, the President of the Council in the presence of 173 deputies last Wednesday, the Third Amendment Law to the law of the House of Representatives elections.

Electronic Commerce in Iraq

09/6/2018 12:00 am

Saad al-Tai

E-commerce is one of the most important aspects of modern business activities that have emerged as a result of the invention of the Internet and the increasing use of it among members of society.

It is the sale and purchase of goods and services made over the Internet and is one of the very important gains of communication and information technology that have changed the economic and commercial structure of the global system and changed many other structures.

In Iraq, this technology can be invested in the development, consolidation and expansion of commercial activities both for the public sector and for the private sector.

Companies can complete their online products and services, complete sales and deal with consumers in a very short time, at lower costs compared to traditional trade, as well as reaching large numbers of consumers in different locations, thus achieving the company’s spread and increasing financial gains. All companies also can be found to be more competitive due to the open business environment that helps to provide more sales with compared to traditional business environment.

The expansion of electronic commerce can bring many benefits in areas other than profit, such as reducing the congestion experienced by many areas as many people go to complete the traditional shopping and the loss of a lot of time and effort in the roll and turn on the markets and shops leads To a significant loss of efforts that can be invested in accomplishing useful works that contribute to the development of


Recently, some companies, even at the level of shops for the sale of goods or consumer devices, have been dealing in electronic commerce even on a limited level, in addition to their traditional business activities, which need to continue these electronic activities in order to consolidate and expand this experience


In our country, e-commerce faces many obstacles that can be overcome and eliminated such as the slow Internet, lack of communication infrastructure at the required level, lack of awareness by consumers of electronic commerce and the illiteracy of many consumers, which prevent their dealing with information and communications devices that require proficiency in the use of language and ignorance of some In addition to the exposure of some electronic commerce sites to piracy because of insufficient insurance, in addition to the lack of sufficient legal legislation governing the sale and purchase in the environment And the lack of the availability of products and services of good quality enough to enable the consumer to choose between the acceptable number and the lack of competitiveness among many companies that can allow the consumer to move to many alternatives in case of failure Fit the item or service available that wants to deal with it.

Working to address these problems and uncertainties provides a safe and secure environment for electronic commerce in Iraq. Each ministry, body or government agency can help solve these obstacles or problems according to

its competence.

The expansion of electronic commerce in our country is able to revitalize our national economy as well as keeping pace with the technological progress in different economic fields, which is changed in the global economic structure and according to the constant technological factor.

Which requires the competent authorities in the economic decision to work on the development of plans to develop electronic commerce in Iraq and expand it to achieve the desired economic gains and in a manner that stimulates the Iraqi economic reality and makes it consistent with the rapid developments in the global economies


Sadr’s calls on the government to carry out a disarmament campaign in Iraq that starts this date

Twilight News

14 minutes ago

The leader of the Sadrist movement Moqtada al-Sadr called in a written statement on Friday to the Iraqi security authorities to start a campaign of arms conflict throughout the country after the holiday of Eid al-Fitr directly.

This comes at a time when two people were killed and more than 90 wounded, with the destruction of houses on Wednesday evening in an explosion in Sadr City.

The Iraqi security authorities announced that the explosion resulted from the stockpiling of ammunition stockpiles inside Husseiniyah (a mosque for the Shiites).

See the text of the statement below: