KTFA Members "News and Views" Thursday Afternoon 9-5-19
Don961: The Arab Monetary Fund lists Iraq in the Arab Capital Markets Database
September 3, 2019 7:41 PM Author: alzawraapaper
BAGHDAD / Zawra:
The Arab Monetary Fund revealed the inclusion of the Iraqi market for securities officially in the system of Arab financial markets database at the Fund, as of the beginning of September 2019.
The Arab Monetary Fund, in a statement, that the number of Arab financial markets joined the base Fund data rose to 17 markets with the Iraqi market joining.
The Iraqi Stock Exchange currently includes 95 companies, including 28 banks and 5 insurance companies, 23 services, finance and investment companies, two companies in the telecommunications sector, in addition to 21 companies in the industrial sector, 10 companies in the hotel and tourism sector, and 6 companies in the agriculture sector.
The total market value of the market at the end of 2018 about 11.356 trillion Iraqi dinars equivalent to $ 9.1 billion, and thus ranked 13th among the Arab financial markets in the market value. The Fund said that it began to calculate a special index for the Iraqi market for securities, based on data As at 31 July 2019 as a base period.
The sample of the index of the Fund for the Iraqi market for the securities of 43 companies, representing a market value of about 80 percent of the total value of the market as it is at the end of 2018.
It is noteworthy that the Arab Monetary Fund calculates in addition to the indicators of the financial markets joining its database, a general composite index, measuring the performance Arab financial markets combined, including the Iraq Stock Exchange as of September 1, 2019. link
Iobey777: lET ME JUST SAY....if you did not watch this YT...you MUST watch it tonight!!It was FANTASTIC!!! Loaded with good news!! Here is a quote from the CC tonight.."I'M SURE YOU WILL SEE IT TOMORROW" BECAUSE THEY ALREADY DID IT TODAY!" THANK you, FRANK and WALKINGSTICK and FF77 for the wonderful report tonight!!!
Frank26: AMF HOW DO YOU LIKE ME NOW?
September 4, 2019
Samson: The Central Bank Begins Steps to Join the Official Monetary and Financial Policy Forum (OMFIF)
5th September, 2019
The Central Bank of Iraq has begun steps to join the official forum of monetary and financial institutions (OMFIF) , an independent global think tank for central banks, pension funds and financial institutions with investment assets worth $ 36.2 trillion .
Membership in this forum provides insight into the key topics of investment in two integrated channels of analysis and meetings, through high-level exchanges and content, as well as participation in meetings with the International Monetary Fund, the Bank of England and the German Central Bank .
The accession process also benefits from capacity building opportunities for mid-level and senior staff. OMFIF develops projects for members in London, Singapore, Washington and other global financial centers.
Central Bank of Iraq information Office September 5, 2019
Clare: A BIG STEP IMO!
Engaging Global Public Investors
Membership comprises both public and private institutions, ranging from central banks, sovereign funds, multilateral institutions and pension plans, to asset managers, banks and professional services firms.
Members contribute actively, speak frankly, add value and learn from each other. Higher standards and a better understanding of the world economy are promoted in an atmosphere of mutual trust.
Membership offers insight through the complementary channels of analysis and meetings, where members play a prominent role in shaping the thematic agenda.
Iobey777: WOW!! So many interesting and exciting articles today I can't single one out to comment on! I can see why Frank says they can't keep up with all the news!! The CBI is talking LOUD today!!Things are really heating up! IMO.....
Samson: Trump: Dow Jones would have risen 10,000 points without the trade war
4th September, 2019
President Donald Trump said that trade war with China have hurt the performance of the US stock market, but it was the face of economic practices that are harmful to the United States
Trump told reporters at the White House on Wednesday: "Let me tell you, if you do not want to do something with China, the stock market will rise by 10,000 points than it is now, but we are forced to do so
By 6:35 pm GMT, the Dow Jones industrial average rose 0.8 percent to 26,329 points
Trump increased tariffs on Chinese imports over the weekend in a bid to urge Beijing to resume talks on a long-term trade deal
The president said: "We will see what happens, if the Chinese want to make a deal they will make a deal, and if they do not want, this is good
Trump had previously said the Dow would have been 10,000 points higher if the US Federal Reserve did not raise interest rates last year LINK
Samson: China and America to hold trade negotiations in October
Chinese and US negotiators will hold a new round of negotiations in Washington in early October, the Commerce Ministry said Thursday.
The announcement followed an earlier call between Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Stephen Mnuchin, the Commerce Ministry said in a statement on its website. Chinese central bank governor Yi Gang also took part in the contacts.
Trade teams from the two countries will hold consultations in mid-September, the ministry said, adding that the two sides agreed to take effective measures to create a favorable atmosphere. The negotiations, originally scheduled for this month, were postponed after the two countries exchanged new tariffs on September 1. LINK
Samson: With inflation jumping 500% .. President of Zimbabwe: economic reform is moving at the fastest pace
4th September, 2019
Zimbabwean President Emmanuel Mangagua stressed that economic reforms are going at the fastest pace possible, amid the suffering of the country's currency crisis and runaway inflation
In an interview with Bloomberg Television on the sidelines of the World Economic Forum in Africa, the president said they were moving at the pace that could be achieved
He continued: "We know where we want to go, and I am in charge of the country, and I must look at what is necessary to revive and develop our economy
Zimbabwe is suffering from a 230 to 570 percent inflation rate, economists estimate, and the economy is on track to record its first contraction since 2008
Mangagua pledged to re-engage with the international community and attract the investment needed to spur economic growth in the South African country
"There are resources at their disposal," Mnangagua said. "We have to use the resources we have, and we must create an environment to attract global capital
Zimbabwe has been hit by serious economic problems in the past period, coinciding with the abolition of its local currency (the Zimbabwean dollar) before it reintroduced earlier this year
On the other hand, Mnangwa pointed to the improvement of relations with the United States, saying: "I am pleased that the dialogue with the administration of US President Donald Trump is continuing, and happy with the progress made so far, which has not happened over the past 20 years
The removal of US sanctions, which apply to Mengagua himself, is one of the list of hurdles for the Zimbabwean president that he must tackle in order to revive the economy LINK