TNT
Tishwash:
The Iraqi Trade Bank decides to adopt the dinar “only” in its electronic financial transactions
The Iraqi Trade Bank decided, on Wednesday, to adopt the dinar currency only in all ATMs and electronic financial services.
The media advisor to the bank, Aqil Al-Shuwaili, said, “In support of the Iraqi national currency by adopting it in financial transactions inside Iraq and not using the dollar currency, and in implementation of the decision of the Council of Ministers and the directives of the Central Bank of Iraq, it was decided that the cash currency approved in all ATMs of the Iraqi Trade Bank be in the currency of dinars only.
Al-Shuwaili added, in an interview with the official news agency, that “it was decided to cancel the dollar currency from ATMs, and also to adopt the national currency in all electronic financial services.” link
Must be nice hahaha what about all the other workers
In the document.. Oil grants a reward of 100,000 dinars to all company employees on the occasion of Eid al-Fitr
Today, Wednesday, the Deputy Council of Ministers for Energy Affairs, Hayan Abdel-Ghani, announced his agreement to grant a reward of 100,000 to employees of oil companies.
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According to a document issued by the ministry, “Oil Minister Hayan Abdul-Ghani agreed on the occasion of Eid Al-Fitr to grant an amount of 100,000 dinars to all employees of the oil sector, disbursed from the account of bonuses or social services.”
And she explained that “the reward includes workers in all our oil formations on permanent staffing / daily wage contracts. Workers (attributed) from the formations cover to the center of the ministry from his original department. As for the forgotten ones from the center of the ministry to the point formations, it is disbursed from the beneficiary, including those who enjoy maternity leave.”
She pointed out that “the graduates did not include more than 6 months of the academic leave, the accompanying leave, the four- and five-month leave.” link
CandyKisses:
The Minister of Finance directs the Accounting Department to continue working hours for Friday and Saturday
Baghdad – Nas
The Minister of Finance, Taif Sami, on Wednesday, directed the continuation of working hours in the Accounting Department for Friday and Saturday to complete the procedures for financing the salaries of employees.
The ministry’s media office said in a statement received by NAS (April 12, 2023), that “Minister of Finance Taif Sami Mohammed directed the continuation of official working hours in the Accounting Department next Friday and Saturday, for the purpose of completing all procedures for financing salaries for ministries, unrelated entities and governorates before the blessed Eid Al-Fitr holiday.”
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Member of Parliamentary Finance confirms that there is no fear of the financial deficit in the state budget for the year 2023
Baghdad / NINA / – A member of the Parliamentary Finance Committee, Jamal Cougar, affirmed that there is no fear of the financial deficit in the state budget for the year 2023.
Cougar said in a statement to the National Iraqi News Agency (NINA): “The financial deficit in the state budget for the year 2023 will be covered from the existing financial surplus, which is around 30 trillion dinars, and the approval of the budget in the fifth month means that the previous 5 months are not counted from the year, and therefore the government cannot spend the entire budget during the remainder of the fiscal year, so there will be a rounded amount of money to the next year, up to 20 trillion dinars, to be returned to the government.
He made it clear that there is no fear of a financial deficit in the salaries of employees and retirees, because it is fully insured in the 2023 budget
Iraq and Iran discuss bilateral relations and ways to enhance them in a way that serves the interests of the two peoples
Baghdad / NINA / – The Undersecretary of the Ministry of Foreign Affairs for Administrative and Technical Affairs, Abdul Rahman Al-Husseini, met with the Ambassador of the Islamic Republic of Iran in Baghdad, Muhammad Kadhem Al Sadiq.
A statement by the Ministry of Foreign Affairs stated that the two sides discussed bilateral relations, and ways to enhance them in a way that serves the interests of the two friendly peoples.
The Undersecretary expressed the Iraqi government’s satisfaction with the agreement reached between the Islamic Republic of Iran and the Kingdom of Saudi Arabia and the restoration of relations between the two countries. They also discussed developments on the regional and international levels.
The two sides exchanged visions and ideas about the crises that the countries of the region are exposed to, and the need to undertake peaceful solutions, in a way that lays the foundations for stability and achieves security.
For his part, the Iranian Ambassador expressed his gratitude and thanks to Iraq for the constructive role it played and for hosting the talks of the two sides in Baghdad during the past period.
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Source: Dinar Recaps
Harambe:
The beginnings of the most powerful FinTech company in the world – From Twitter to X Corp
(4/11/23)
The (breaking) news 🗞 Elon Musk just k----d Twitter. Twitter Inc. no longer exists
It’s now X Corp., which is another step towards the Everything App, or what could be the most powerful FinTech company in the world.
Let’s see what it means and why it’s a big deal.
More on this. A filing in the Southern District of Florida shows that Twitter Inc. has been merged with X Corp. and now Twitter as we know it no longer exists.
The new phase of Twitter will be X Corp., which will run on a vision laid out more than 20 years ago.
A step back. Everything goes back to the days of X.com, an online bank Elon Musk co-founded with Harris Ficker, Christopher Payne, and Ed Ho in 1999. The company later became PayPal PYPL 2.32%↑, which today is one of the biggest and most important payment companies in the world.
Despite the merger, Elon’s sentiment for X always remained, and now might be the best time to make it happen. But on a much bigger scale.
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The master plan. That’s why the CEO of Tesla TSLA 0.94%↑ and SpaceX bought Twitter in October 2022 and described his acquisition as “an accelerant to creating X, the everything app”.
A month later, Musk said he will e-----e the X product plan “with some improvements” which will make Twitter “the most valuable financial institution in the world.
The potential With 238 million users, the social media giant could definitely be transformed into an app that does everything.
Not only it could become the first Super App of the West. More importantly, Twitter can become the Super App PayPal, Klarna, and Revolut always dreamed of.
WeChat, the gold standard of Super Apps, today has 1 billion users and brings together social networking, payments, e-commerce, games, news, events, shopping, etc. all in one place.
And it started as a messaging app. Just like Twitter.
THE TAKEAWAY
WTF?! What the FinTech? First, let’s zoom out for a sec. We first must understand that all-in-one platforms aka Super Apps are super convenient for users. Given they control every aspect of digital consumers’ lives, it simply means that a dependency on advertising isn’t required. And this has been a massive challenge for platforms like Twitter or Facebook since 97% of their revenues come from ads.
Yet, while appealing this all comes at a cost. You need heavy investments towards building and growing the platform and only a massive scale could justify your business economics. More importantly, regulators in the US and Europe won’t be keen on a single app achieving too much dominance in the market.
But Twitter has an X Factor, and his name is Elon Musk. And he’s an entrepreneur who’s always serious about building something much much bigger. More importantly, everything depends on the e-------n – WeChat or AliPay didn’t become Super Apps overnight.
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And the groundwork is already being laid out – earlier this year, Twitter reportedly began applying for regulatory licenses in the U.S. while also developing software to add payment functions to its platform.
Whether or not Musk pulls this off, it’s undoubtedly one of the most interesting FinTech developments ever. In fact, it’s much more than that – we’re witnessing the beginnings of the most powerful FinTech company in the world.
Source: Dinar Recaps
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