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“Now in Warp Speed?” – Tues. PM KTFA Thoughts/News 10-18-22

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KTFA

Samson » October 18th, 2022

State Administration Coalition: Saturday is the date for voting on the government

10/18/2022 12:32:18

The State Administration Coalition intends to invite the House of Representatives to hold a session next Saturday to vote on the government with all its members.

A statement by his office, which {Euphrates News} received a copy of, said: “The State Administration Coalition held its regular meeting yesterday, Monday, which was devoted to discussing the formation of the government, in the office of Parliament Speaker Muhammad al-Halbousi.”

“During the meeting, they discussed the latest political developments in the country and the need to expedite the formation of the service government,” he added.

The coalition announced its intention to “call the House of Representatives to hold a session next Saturday to vote on the government with all its members.”  LINK

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Digs » October 18th, 2022

After YEARS of Iraq dragging their feet on everything & anything, looks like they are now in WARP SPEED to get things done???  Wonder what happened to give them this new found sense of urgency?? AFTER they seat their New Government, wonder if they will continue their WARP SPEED Approach to adjust their IQD (RI / RV)

Zeeman » October 18th, 2022

they have never worked so so fast in their history. this all happened right after their  meeting in dc. its like someone put a bullet up  their  you know what. hopefully right after they seat their gov the cbi will do the same. Imo

Samson » October 18th, 2022

Deputy for Al-Fateh: We expected the speedy announcement of the cabinet and presenting it to the vote

10/18/2022 14:32:26

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The representative of the Al-Fateh Alliance, Salem Al-Anbaki, confirmed the expectations of politicians in the speed of announcing the ministerial cabinet and presenting it to the vote.

Al-Anbaki indicated through {Euphrates News} that: “So far, no date has been set for holding the voting session on the cabinet, but we expected to complete it in the near time and present it to the vote and gain confidence.” He added, “It is not important to choose technocratic ministers as important as choosing the minister and the personality he has.”

Al-Anbaki said, “We saw the presence of a large number of independent ministers in previous periods who proved their worth, while the ministers of the parties did not succeed in providing anything because of the pressure on them.” The State Administration coalition announced its intention to invite the House of Representatives to hold a session next Saturday to vote on the government with all its members. Rashid assigned the candidate of the most numerous parliamentary bloc (the Coordinating Framework) MP Muhammad Shiaa Al-Sudani to form the government within 30 days.

Al-Sudani pledged – in his first televised speech after his assignment to the position – that “he will make every effort to form a strong government that is determined to implement its goals and program through the synergy of political forces by nominating efficient, professional and honest personalities capable of carrying out their responsibilities.” He stressed that “exclusion and marginalization will not be allowed in our policies, as the differences have cracked state institutions and lost many opportunities for Iraqis in development, construction and reconstruction.”    LINK

The Arab Monetary Fund Organizes A (Remotely) Course On “Applications Of Modern Financial Technologies In The Financial And Banking Sector”

18th October, 2022

The training course on “Applications of modern financial technologies in the financial and banking sector”, organized by the Institute for Training and Capacity Building at the Arab Monetary Fund, was inaugurated today, during the period 17-20 October 2022 , through the remote training method adopted by the Fund as a continuation of its training activity.

The acceleration of the entry of modern technologies into economic and financial activity and what is known as the digital revolution in recent times has led to major transformations in the financial and banking industry, in addition to the importance of digital transformation followed by the Corona Virus pandemic , as modern financial technologies have contributed to the continuation of services provided in the public and private sectors. 

Therefore, it is important to strengthen the digital infrastructure of the financial sector, encourage digital transformation, enhance the inclusiveness of digital financial services, and find development and investment opportunities in the areas of financial technology.

The rapid development of modern financial technologies has contributed to the emergence of different business models and new needs of customers, which has had a critical impact on how individuals and institutions obtain financial services, and the potential benefits for both providers and users of financial services. Innovations in modern financial technologies have simplified wealth management, online banking payments, mobile payments, remittances, crowdfunding, IoT, robo-advising, peer-to-peer lending, blockchain, innovations, online identification, and regulation and organizational.

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On this occasion, the speech of His Excellency Dr. Abdulrahman bin Abdullah Al-Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund stated:

Ladies and gentlemen,

It gives me great pleasure to welcome you to the opening of a course on “Applications of modern financial technologies in the financial and banking sector” organized by the Institute for Training and Capacity Building in cooperation with the Economic Department, hoping that the course will contribute to enriching and deepening your knowledge on this important subject.

Ladies and gentlemen,

The acceleration of the entry of modern technologies into economic and financial activity and what is known as the digital revolution in recent times has led to major transformations in the financial and banking industry, in addition to the importance of digital transformation followed by the Corona Virus pandemic, as modern financial technologies have contributed to the continuation of services provided in the public and private sectors. Therefore, it is important to strengthen the digital infrastructure of the financial sector, encourage digital transformation, enhance the inclusiveness of digital financial services, and find development and investment opportunities in the areas of financial technology.

Ladies and gentlemen,

The rapid development of modern financial technologies has led to the emergence of different business models and new needs of customers, which has had a critical impact on how individuals and institutions obtain financial services, and the potential benefits for both providers and users of financial services. Innovations in modern financial technologies have simplified wealth management, online banking payments, mobile payments, remittances, crowdfunding, IoT, robo-advising, peer-to-peer lending, blockchain, innovations, online identification, and regulation and organizational.

Ladies and gentlemen,

The payments and remittances sector is one of the most widespread sectors for the use of modern financial technologies in our Arab countries. This sector holds the largest share in the fields of modern financial technologies in our Arab countries, at 44 percent. Modern financial technology companies offer many solutions related to digital wallets for mobile phones, and payment gateways through the international information network, in addition to the opportunities these technologies provide for the regulatory and supervisory authorities in our Arab countries, in terms of using modern financial technologies for regulatory and supervisory purposes.

Ladies and gentlemen,

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On the same level, the Arab banking and financial sectors have witnessed rapid developments with regard to the uses and applications of financial technology business models, as this technology has provided a variety of services to the financial and banking sectors, which casts a shadow on the future of traditional banking and financial services. On the other hand, both modern financial technologies and sustainable finance are among the most important pillars of the modern trend in the financial field, as the importance of the link between sustainability, finance, and modern technologies was significantly demonstrated during the period of the repercussions of the Corona pandemic, as the pandemic prompted the relevant authorities to rethink In traditional models, relying more on sustainable modern financial technologies. 

Based on the above, the course will cover the following main themes:

Applications of blockchain technologies in the banking sector.

Central bank digital currencies.

Software application interfaces for payments operations.

Index of Modern Financial Technologies in the Arab Countries.

Big data applications in the financial sector.

The role of modern financial technologies and their applications in Islamic finance.

The positive role of modern financial technologies in climate change and sustainable finance.

The role of modern financial technology applications in achieving financial inclusion.

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Digital identity applications in financial services.

Ladies and gentlemen,

In conclusion, I would like to extend my thanks and gratitude to the colleagues at the Arab Monetary Fund for providing the course materials, and I also urge you to take advantage of this occasion to benefit from and interact with the various topics presented, thus maximizing the benefit of the course.

I wish you a successful session and may God protect you wherever you are.

Peace, mercy and blessings of God.   LINK

Source: Dinar Recaps

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