Sun. AM/PM KTFA News Articles, Thoughts w/ Frank26 12-26-21



Samson » December 26th, 2021

Report: The global economy will exceed $100 trillion

26th December, 2021

A report that global economic output will exceed $100 showed a trillion for the first time in 2022, and that China’s overtaking America as the world’s first economy will take a little longer than previously thought.

British consultancy Saber predicted China would become the world’s largest economy in dollar terms in 2030, two years more than projected in last year’s World Economic Association calendar report.

In its report, Saber said that it appears that India is on the verge of overtaking France next year, and then Britain in 2023, to regain its position as the sixth largest economy in the world.

The report showed that Germany is on track to overtake Japan in terms of economic output in 2033. Russia could become among the top ten developed by 2036, and Indonesia appears to be on track to occupy the ninth place in 2034.   LINK

Experts: Salaries constitute 75 percent of Iraq’s budget, and the state will be unable to pay it

26th December, 2021

Economists saw that the Minister of Finance’s worrying statement about laying off employees after 10 years is an expected result because the state has become burdened with employee salaries.

Experts said that the large and operational salaries exceeded 75 percent of the budget, and governments should move towards a market economy, reduce the burdens of the state and reduce exaggerated job grades for political or electoral purposes.  LINK

Source: Dinar Recaps

Frank26 » December 26th, 2021


Al-Rafidain begins handing over the MasterCard to retirees residing in Jordan

12/25/2021 09:25:31

Al-Rafidain Bank has begun handing over MasterCard cards to retirees residing in the Jordanian capital, Amman.

And the bank’s media office said in a statement that {Euphrates News} received a copy of it, that “a delegation headed by the general manager of the bank, Abdul Hassan Jamal, visited Jordan with a delegation from the Central Bank of Iraq and supervised the process of issuing MasterCard cards for retirees residing in the Jordanian capital, Amman.”

The statement indicated that “the delegation met with a number of retirees and listened to their problems and expressed its readiness to provide all support and assistance to retirees in Jordan to solve their problems, especially with regard to the delay in their salaries.”

The statement said, “Then the delegation visited the Iraqi embassy in Jordan and held a meeting with the Iraqi ambassador to discuss the obstacles and problems that impede the payment of retirees’ salaries and strive to provide everything possible to alleviate the suffering of retirees.”  LINK

Samson » December 26th, 2021

Zwipe, INC launches first biometric payment card pilot in Iraq

25th December, 2021

Zwipe and International Network for Cards and Digital Payment Services (INC) announced that they will pilot Biometric Payment Cards in Iraq. This will be the first biometric payment card pilot in the country. As one of the fastest growing card processing companies in Iraq, INC will be offering issuance of white label biometric cards as a service for banks and other payment companies.

In collaboration with Zwipe, INC will incorporate biometric payment cards in its portfolio and offer it as a standard payment product to its clients in the Iraqi market.

This development was made possible through INC’s strategic partner Nymcard, which confirmed in September 2021 its collaboration with the Norwegian technology company Zwipe to bring biometric payment cards to the MENA region.

“We are proud to step up our collaboration with Zwipe and bring the next generation contactless experience to Iraq. Our partnership with Zwipe has greatly strengthened INC’s mission to deliver payment solutions with state-of-the-art security and world-class user experience. Our pilot in Iraq with the NEO Visa cards will be the first step in bringing this fantastic product to other players in the market,” said Zaid Fawzi, CEO and Founder of INC.

“Our partnership with NymCard and its subsidiaries in the region such as INC will greatly accelerate the deployment of next generation contactless cards. I am happy to launch this pilot project with INC in Iraq – a large market with huge growth potential.

It is worth mentioning that the Central Bank of Iraq has already endorsed our initiative to bring biometric payment cards to Iraq and is encouraging all Iraqi banks to be part of this exciting innovation,” said Ramzi Saboury, General Manager for MENA region at Zwipe.  LINK

Source: Dinar Recaps


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