Stability of gold prices and markets await the decision of the US Central Bank on interest rates

 

Release date:: 2019/10/28 10:22 

Gold settled almost unchanged on Monday, after recording a jump of about 1% in the previous session.

This comes as investors await the Federal Reserve’s decision on interest rates due later in the week, while progress in US-China trade talks is curbing safe haven demand.
Spot gold settled at $ 1504.42 an ounce, while the yellow metal in US futures rose 0.1% to $ 1506.70 an ounce.
The Federal Reserve is scheduled to meet on October 29-30, with traders expecting a 90.4% chance of a 25bp cut in interest rates, according to the FIMWatch tool of the CME Group and the US central bank has already cut interest rates twice. This year.
US President Donald Trump said last week that the United States was doing very well in its trade negotiations with China and that China was willing to strike a deal very urgently.
The comments boosted investor appetite for riskier assets, pushing Asian stocks to a three-month high today.
Gold prices were also negatively affected by the strengthening dollar, raising the cost of the metal to the holders of other currency holders.
The dollar index, which tracks the performance of the greenback against a basket of six major currencies, rose slightly on Monday morning, after rising nearly 0.6% last week.
For other precious metals, silver rose 0.2% to $ 18.05 an ounce, while platinum settled at $ 925.92 an ounce, while palladium rose 0.8% to $ 1,777.65 an ounce. is over

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Iraqi Prime Minister pledges to step down by the agreement of the leaders of the supporting blocs

He ruled out the success of early elections in ending the crisis

Published on: 30/10/2019

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Baghdad: «Gulf»Iraqi Prime Minister Adel Abdul-Mahdi said on Tuesday that the best way to change the current government is to get an agreement between the cleric Moqtada al-Sadr and the leader of the parliamentary bloc Hadi al-Amiri, to change the government without going to early elections unknown.
Abdul Mahdi said in a letter to Sadr: «If the goal of the elections (early) change the current government, there is a shorter way, that is to agree with your brother to form a new government, then the Prime Minister can resign, and the new government takes office Within days I did not move hours ».
He added: «I think that the political blocs will cooperate to achieve the necessary vote, while the early elections are unknown, when it will be possible, and will be agreed on the full conditions, and will come decisive results». He said: «You asked me to go to the House of Representatives and declare under his dome for early elections under the auspices of the United Nations and a new commission, and I thank you, it is the right of any leader, and any citizen to demand the Prime Minister what he deems a national interest».

“The ballot boxes are the best way to express the opinion of the people, provided that we get as close as possible to provide all the conditions to match the opinion of the people with the election results,” Abdul Mahdi said.

– See more at: http://www.alkhaleej.ae/alkhaleej/page/9cbeff78-1bbf-47ab-8d48-e679c4da3d4c#sthash.LcHNkYjm.dpuf

 

Urgent Mr. Sadr responds to Abdul-Mahdi by withdrawing confidence and departure

Release date:: 2019/10/29 19:52 

BAGHDAD: The leader of the Sadrist movement, Mr. Muqtada al-Sadr, responded to Prime Minister Adel Abdul Mahdi’s letter to him on Tuesday.

Mr. Sadr said in a statement received by the agency (Euphrates News) a copy of “the answer to your words, brother Adel Abdul Mahdi, I thought that the demand for early elections in which preserve your dignity.” 

“If you refuse, I call on brother Hadi al-Amiri to cooperate in order to withdraw confidence from you immediately and work together to change the Electoral Commission and its law and agree on radical reforms, including changing the provisions of the Constitution to put to the vote.” 

“If parliament does not vote, the people have to say what they say, leave,” Sadr said. 

Prime Minister Adel Abdul Mahdi on Tuesday sent a message to Sadr’s leader, Moqtada al-Sadr, calling for an agreement with the leader of the “conquest” Alliance, Secretary-General of “Badr” Hadi al-Amiri to form a new government so that the first resign.

The message came in response to Sadr’s statements calling for early elections to emerge from the crisis in the country against the backdrop of the bloody demonstrations that left dozens of people dead and thousands injured.

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Urgent Mr. Sadr responds to Abdul-Mahdi by withdrawing confidence and departure

Release date:: 2019/10/29 19:52

BAGHDAD: The leader of the Sadrist movement, Mr. Muqtada al-Sadr, responded to Prime Minister Adel Abdul Mahdi’s letter to him on Tuesday.

Mr. Sadr said in a statement received by the agency (Euphrates News) a copy of “the answer to your words, brother Adel Abdul Mahdi, I thought that the demand for early elections in which preserve your dignity.”

“If you refuse, I call on brother Hadi al-Amiri to cooperate in order to withdraw confidence from you immediately and work together to change the Electoral Commission and its law and agree on radical reforms, including changing the provisions of the Constitution to put to the vote.”

“If parliament does not vote, the people have to say what they say, leave,” Sadr said.

Prime Minister Adel Abdul Mahdi on Tuesday sent a message to Sadr’s leader, Moqtada al-Sadr, calling for an agreement with the leader of the “conquest” Alliance, Secretary-General of “Badr” Hadi al-Amiri to form a new government so that the first resign.

The message came in response to Sadr’s statements calling for early elections to emerge from the crisis in the country against the backdrop of the bloody demonstrations that left dozens of people dead and thousands injured.

https://alforatnews.com/modules/news/article.php?storyid=217135

Euphrates News} Monitoring the security situation now in Tahrir Square

Date: Edit: 2019/10/29 20:27 • 163 times read

(Baghdad: Euphrates News) Our agency spotted the security situation on Tuesday evening in Tahrir Square in the center of Baghdad.

The demonstrators said (for Euphrates News) that “Tahrir Square witnessed a large turnout of demonstrators did not witness in the previous days.”

The demonstrators stressed the “continued power cuts to Tahrir Square,” noting that “the demonstrators take generators to generate power.”

The demonstrators pointed to “cautious calm prevails in Tahrir Square now; and fear of repetition of security forces a series of tear gas canister

https://alforatnews.com/modules/news/article.php?storyid=217137

The prime minister is preparing new reform packages

Date: Edit: 2019/10/29 19:16

The General Secretariat of the Council of Ministers, unveiled new reform packages.

A source in the secretariat said in a press statement that “other reform packages will be issued by Prime Minister Adel Abdul Mahdi.”

He added that these packages “will be issued after the completion of reports and requests.”

https://alforatnews.com/modules/news/article.php?storyid=217132

Cabinet Decisions Today

Date: 2019/10/29 17:54

The Council of Ministers held its regular session on Tuesday, October 29, 2019, under the chairmanship of Prime Minister Adel Abdul Mahdi.

The Council issued a statement, according to the media office of Abdul-Mahdi, which received (Euphrates News) a copy of the following decisions: –

Approval of the draft amendment to the Third Industrial Investment Law for the private and mixed sectors and referred to the House of Representatives.

• Approving the recommendations of the meeting of the border ports operations room on the accumulation of containers according to the following:

1. Exemption of containers jammed in the border ports where a judicial order was issued for destruction, as well as the containers jammed from 2004 until 31/12/2017.

2. Authorize the Minister of Finance the authority to donate or dispose of goods that have not been awarded the fundamental bid to the public sector in accordance with the law.

3. The General Company for Iraqi Ports disburses an amount of its revenues for the purpose of transporting goods left for destruction.

4. The General Company for Iraqi Exhibitions and the General Authority of Customs not to promote import licenses for companies and authorized managers that have abandoned containers for 6 months for the purpose of inclusion in the prevention system.

5. The General Authority of Customs used the yard allocated by the Municipality of Basra to store the confiscated goods in the area (brick – palm) belonging to the Directorate of the border region unpaid.

• Approving the following:

1. Exempting families displaced as a result of the security situation resulting from the entry of ISIS terrorist gangs from the amounts owed by receiving the ration from two different regions.

2. The Ministry of Finance shall amortize the amounts resulting from the said exemption (1).

• Approving the determination of the remuneration of contractors with the General Company for Air Navigation Services (if profitable), which number (150) air observers only from the relevant university specializations with a total amount of (750) thousand.

• Approved the recommendation of the Ministerial Council for Social Services on the preparation for the rainy season as follows: – Approval of the allocation of (7,500,000,000) dinars only seven billion five hundred million dinars to the sewage directorates in the provinces by the amount of (500 million) dinars only Five hundred million dinars for each province and the allocation of the amount (255 million) dinars only two billion and five hundred and fifty million dinars to the secretariat of Baghdad from the emergency reserve for 2019 to address floods and floods resulting from rain.

• Approved the approval of the Ministerial Council of Energy as follows:

Approving the contract with the company (north face) for the reasons and justifications established by the Ministry of Oil, taking into account that the financing of the contract will be from the revenues of the Ministry of Oil except for the instructions to implement government contracts.

• Approved the draft amendment of the unified retirement law No. (9) for the year 2014 and referred it to the House of Representatives.

Approval of the following:

1. The Inspector General appointed by the Diwaniyy Order (47) for the year 2019 shall be returned to his previous position if he is an employee and to the situation in which he was before his appointment as a general inspector. The assistant general inspector shall hand over the assets and files to the Integrity Commission in accordance with the law.

2. The Inspector General who is not covered by the Diwaniya Order (47) for the year 2019 shall be referred to retirement if he is (50) years and above.

3. The Inspector General who does not meet the same age requirement shall be transferred to the ministries and entities not affiliated with the Ministry or the Council of Advisors.

4. The documents, priorities and files in the offices of the general inspectors shall be referred to the Integrity Commission for taking the necessary legal procedures and shall be delivered by the competent inspector in accordance with the law.

5. Assets belonging to the offices of inspectors shall be transferred to the ministry or the entity not associated with the ministry to which it is attached.

6. The staff of the offices of general inspectors of permanent owners, contracts and procedures shall be referred to the ministry or the entity not related to the ministry of which the office is part and in accordance with the law.

7. The Integrity Authority and the Federal Audit Bureau shall have the right to choose the employees who are competent and impartial to work within their formations.

8. The disintegration of the Inspector-General shall be the last function of the Inspector General.

9. Ministers and heads of agencies shall propose the appointment of inspectors as Undersecretary, Adviser or Director General

https://alforatnews.com/modules/news/article.php?storyid=217122

Keep the parliament session open and resume next Thursday

Date: Edit: 2019/10/29 17:36

BAGHDAD: The Council of Representatives, on Tuesday, to keep its session open and resume next Thursday without the presence of Prime Minister Adel Abdul Mahdi to parliament.

A parliamentary source told (Euphrates News) that “the session of parliament, which was held today and voted on the presence of the Prime Minister to parliament remained open to resume on Thursday.” is over

https://alforatnews.com/modules/news/article.php?storyid=217118

Urgent Prime Minister’s Office: Issue arrest warrants and prevent travel to those accused of corruption

Date: 2019/10/29 16:05 • 116 times read

BAGHDAD: The Central Anti-Corruption Court has directed appeals courts in all provinces to issue arrest warrants and travel bans for those accused of corruption, the prime minister’s office said on Tuesday.

A spokesman for the office Saad al-Hadithi, in a press statement that “among the reform packages to activate the Special Court to fight corruption, and began in the past days files of the accused of corruption.”

The statement pointed out that “the court issued arrest warrants and travel bans on all those named in the files of corruption, after being submitted by the Supreme Council against Corruption to the court, and notify the border outlets after their travel until the completion of investigations and sentencing on their cases.”

https://alforatnews.com/modules/news/article.php?storyid=217100

Parliament Speaker calls for lifting immunity from him and his deputies

Halbousi

policy

claim to

lift immunity

2019/10/29 07:17:34

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Parliament Speaker Mohammad Halbousi on Tuesday asked members of the House of Representatives to vote on lifting immunity for him and his deputies at the voluntary request of them personally.

“We have no immunity except the immunity of the people,” Halbousi said in a speech at the session after his demand.

The Iraqi Council of Representatives voted during the open meeting currently held to lift the immunity of any deputy accused of corruption after the file of the judiciary to the Council.

The council has decided to keep Monday’s session open to enact laws that meet the demands of the protests.

https://www.shafaaq.com/ar/%D8%B3%DB%8C%D8%A7%D8%B3%D8%A9/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B7%D8%A7%D9%84%D8%A8-%D8%A8%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D8%AD%D8%B5%D8%A7%D9%86%D8%A9-%D8%B9%D9%86%D9%87-%D9%88%D8%B9%D9%86-%D9%86%D8%A7%D8%A6%D8%A8%D9%8A%D9%87/