KTFA
Henig » December 18th, 2022
Including a New Administrative Capital.. Plans to establish 16 new cities
Baghdad / NINA / – The Ministry of Planning announced today, Saturday, the existence of development plans to implement 119 housing projects, including 16 residential cities, noting: “The idea of building a new integrated administrative capital for the country is within that plan.”
The official Spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said: “The Administrative capital exists as a vision within the development plan for the city of Baghdad, and the places where the administrative capital can be established are specified, but implementation steps remain,” according to the official Al-Sabah newspaper.
Al-Hindawi added: “One of the places chosen to establish the administrative capital is the area opposite the residential city of Bismayah on an area of more than 50 square kilometers, and it could be a new administrative capital to accommodate all government buildings located in the heart of the capital, Baghdad.”
With regard to the housing issue, he explained: “There are many projects included in the development plan for Iraq in general and the capital, Baghdad, and they need to be implemented, and among the development plans there are 119 housing projects throughout Iraq.” LINK
IMO: You think they’re doing this at the contract rate? Yeah, me neither.
KandG » December 18th, 2022
How does Vietnam, who is on Forex and trading – keep bringing in new business (Apple, etc) with a worse rate than Iraq. I don’t ask being ill-hearted, just wondering if we go down the wrong road with this thinking that countries can’t grow internationally with a low exchange rate. Family, feel free to comment – with facts preferably.
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Henig » December 18th, 2022
Vietnam News:
US cybersecurity firm sets up 1st critical infrastructure protection lab in Asia
December, 17/2022 – 07:37
OPSWAT, a US-based provider of infrastructure protection cybersecurity solutions, announced on December 16 the opening of its first critical infrastructure protection lab in Asia in its new office in HCM City.
HCM CITY — OPSWAT, a US-based provider of infrastructure protection cybersecurity solutions, announced on December 16 the opening of its first critical infrastructure protection lab in Asia in its new office in HCM City.
As Việt Nam ramps up its digital transformation efforts in line with the Government’s fourth industrial revolution plans, cybersecurity becomes increasingly important, especially for critical infrastructure such as financial services, energy and government services, Benny Czarny, founder and CEO of OPSWAT, said.
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The company provides organisations with information on the latest network security trends and solutions, particularly through real-world use cases and attacks on information technologies, operational technologies and industrial control system environments.
By hosting demonstrations of cybersecurity attacks and defence simulations, the lab would enable Vietnamese cybersecurity professionals, engineers and students to gain practical experience in security and critical infrastructure protection technologies, Lã Mạnh Cường, the company’s general manager for Việt Nam, said.
It would also provide training and educational support to local customers, partners and other stakeholders.
The company plans to double its local headcount from the current 300 employees over the next three years as it seeks to further accelerate its growth in the country.
Since coming to Việt Nam in 2018, OPSWAT’s local operations have grown at an average annual rate of 50 per cent. — VNS LINK
KandG » December 18th, 2022
Exactly my point in my earlier post this evening – Vietnam is doing business internationally with less than a toilet paper exchange rate – we may need to rethink this idea that Iraq can’t do international business on a program rate. I agree we see many encouraging articles showing a rate change but this particular narrative may need some additional thought IMO
Henig » December 18th, 2022
Well, here’s a question, though: Is it possible that they’re doing business with Vietnam *because* they know the VND is about to exchange at a higher rate? I mean, I don’t know the answer to that, just posing a question–but it seems like a possibility IMO.
KandG » December 18th, 2022
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You certainly could be right – I hold Dong also and would be very happy with that concept – that’s why I posed the question to the group for feedback – and that is good feedback. IMO Thanks
Source: Dinar Recaps
Clare » December 18th, 2022
New App allows Iraqis to trade US-Listed Stocks
18th December 2022 By John Lee.
Ishtar Gate Company for E-Payment Systems and Services, an Iraq-based fintech company, has reportedly released an app that allows users to trade US-listed stocks via a mobile app called Bluepay.
According to Newsfile, the company was recently approved by the Central Bank in Iraq (CBI) as the “first and only company to offer international money transfer service.“
It says the service also facilitates financial transactions to and from China.
Blue CEO Ali Al-Saeed, said:
“This is an unprecedented technology solution built and provided locally in Iraq. It has triggered other fintech-provided services such as a multi-currency solution that opens up a new horizon of opportunities in the Iraqi market.”
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(Source: Newsfile) LINK ISHTAR GATE FOR E- PAYMENT SYSTEMS AND SERVICES
Henig » December 18th, 2022
An Economist told NINA: The Chinese-Arab conference did not come in favor of Iraq
Baghdad / NINA / – The Economic Expert, Raad Twaij, confirmed: “The Chinese-Arab conference did not come in favor of Iraq.”
Twaij said in a statement to the National Iraqi News Agency (NINA) that “the outputs of (the Arab-Chinese summit) and (the Gulf-Chinese summit) are not devoid of a desire to send the two parties, especially the Saudi and Chinese, political messages needed by the two parties to the United States of America, which seems like a bubble, because the United States has penetrated militarily and politically into these countries, but this does not prevent the limited economic cooperation between the Gulf countries and China.
As for its impact on Iraq, Twaij stressed: “Iraq has its own status and has previous agreements with China, which is the natural passage for them, but it does not have a significant impact economically, and Iraq can conclude other agreements with other countries to develop its economic reality, such as Japan, South Korea and Germany.” LINK
Source: Dinar Recaps
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