TNT
Tishwash:
In the presence of Nechirvan Barzani and Al-Sudani… the State Administration Coalition holds an “important” meeting
The State Administration Coalition is scheduled to hold an “important” meeting this evening, Saturday, in the presence of the President of the Kurdistan Region, Nechirvan Barzani, and the Prime Minister of the Federal Council, Muhammad Shia al-Sudani.
An informed political source told Shafaq News Agency that the meeting will include discussing a number of political and security files.
Last Wednesday, Kurdistan Regional Presidency spokesman Dilshad Shihab said that the region’s president, Nechirvan Barzani, will visit Baghdad soon to attend a regular meeting of the state administration coalition.
At the beginning of this April, the President of the Iraqi Kurdistan Region made a visit to the capital, Baghdad, during which he met with the President of the Republic of Iraq, Abdul Latif Rashid, and the Prime Minister of the Iraqi Federal Prime Minister, Muhammad Shia al-Sudani, and participated in the meeting of the State Administration Coalition and the Coordination Framework.
During his last visit, President Nechirvan Barzani discussed ways to solve the problems of Erbil and Baghdad, the political situation in Iraq and the Kurdistan Region, and a group of other issues. link
Governmental and private banks will showcase their services during Financial Inclusion Week
Governmental and private banks are preparing to participate tomorrow, Saturday, in Financial Inclusion Week.
The electronic payment systems will review banking services for citizens, including advances and loans, and introduce them to the products offered by these banks in a step to enhance financial inclusion. link
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The Association of Private Banks appreciates the efforts of the government and the Central Bank to create understandings with the Treasury, the Federal Reserve, and international banks
The head of the Iraqi Private Banks Association, Wadih Al-Handal, participated in the Arab Economic Security Forum, which was organized by the Union of Arab Banks in Beirut.
Al-Handal stressed that the forum is being held in complex circumstances and geopolitical changes taking place in the region, and the Arab banking sector has begun to be affected, starting with the State of Iraq, adding that Iraq is still facing major challenges, at various economic levels, including depriving the Iraqi private banking sector of using the dollar, which It has exceeded half of the number of banks operating inside the country, which is a very dangerous indicator, despite the efforts of Iraqi governmental and private institutions to comply with local and international anti-money laundering and t-------t financing laws, but for the first time we are witnessing a clear targeting of the sector, which has begun to affect banking services inside the country, undermine citizen confidence, and hinder… From expanding the proportion of financial inclusion.
He added that these challenges facing the banking sector reaffirm the prominent role played by the Union of Arab Banks, international organizations and Arab banks in coordinating positions and confronting dangers together, noting that our meeting represents an opportunity to cooperate and agree on an action roadmap for the future. Targeting the Iraqi banking sector will not stop within its borders, and may expand at any moment to other countries in light of the regional turmoil.
Al-Handal pointed out that the Association of Private Banks is working with the Iraqi government, the Central Bank, and some local and international institutions, to save the banking sector, and return banks deprived of dealing in dollars to their activities, but this is not enough, but rather requires continuing cooperation with the Arab and foreign banking sector, because the stage of integrating the sector The Iraqi banker with his Arab counterpart must begin quickly, and we are taking great strides in this direction, especially since the Prime Minister, Engineer Muhammad Shiaa Al-Sudani, held dialogues in Washington with the American President and other government officials, who announced in a joint statement the possibility of a group of Iraqi banks returning to dealing. in dollars and support the private banking sector.
Al-Handal appreciated the efforts of the Iraqi government and the Central Bank of Iraq to create deeper understandings with international banks, the Federal Reserve, and the US Treasury to expand the integration of the Iraqi banking sector into the global financial system, in addition to supporting the Iraqi dinar, which led to a gradual rise in its value.
He pointed out that Iraq is witnessing great development in the transition to electronic government and the adoption of electronic payment, and this is what leads to the growth of the digital economy, especially since there is a trend within the country to increase the number of electronic banks, to keep pace with technological development and increase performance. link
Association of Banks: Iraq is witnessing great development in the transition to electronic government
The Iraqi Private Banks Association confirmed today, Friday, that Iraq is witnessing great development in the transition to electronic government, and while it indicated that government support for the Iraqi dinar led to a gradual increase in its value, it revealed a trend to increase the number of electronic banks to keep pace with technological development and increase performance. .
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The president of the association, Wadih Al-Handal, told the Iraqi News Agency (INA) that he “participated in the Arab Economic Security Forum organized by the Union of Arab Banks in Beirut,” pointing out that “the forum is being held in complex circumstances and geopolitical changes taking place in the region, and the banking sector has begun to be affected.” Arab, starting with the State of Iraq.
He added, “Iraq is still facing major challenges at various economic levels, including depriving the Iraqi private banking sector of using the dollar, which has exceeded half the number of banks operating inside the country, which is a very dangerous indicator, despite the efforts of Iraqi governmental and private institutions to comply with laws against money laundering and t-------t financing.” Local and international, but for the first time we are witnessing a clear targeting of the sector, which has begun to affect banking services within the country, undermine citizen confidence, and hinder the expansion of financial inclusion.”
He pointed out that “these challenges facing the banking sector reaffirm the prominent role played by the Union of Arab Banks, international organizations and Arab banks in coordinating positions and confronting dangers together,” noting that “our meeting represents an opportunity to cooperate and agree on an action roadmap for the future.” “The targeting of the Iraqi banking sector will not stop within its borders, and may expand at any moment to other countries in light of the regional turmoil.”
He pointed out that “the Association of Private Banks is working with the Iraqi government, the Central Bank, and some local and international institutions, to save the banking sector and return banks deprived of dealing in dollars to their activities, but this is not enough. Rather, it requires continuing cooperation with the Arab and foreign banking sector, because the stage of merging the banking sector The Iraqi government and its Arab counterpart must begin quickly, and we are taking great steps in this direction, especially since Prime Minister Muhammad Shiaa al-Sudani held dialogues in Washington with the American president and other government officials, who announced in a joint statement the possibility of a group of Iraqi banks returning to dealing in dollars and supporting…
The private banking sector.Al-Handal praised “the efforts of the Iraqi government and the Central Bank of Iraq to create deeper understandings with international banks, the Federal Reserve, and the US Treasury to expand the integration of the Iraqi banking sector into the global financial system, in addition to supporting the Iraqi dinar, which led to a gradual rise in its value.”
He continued, “Iraq is witnessing a great development in the transition to electronic government and the adoption of electronic payment, and this is what leads to the growth of the digital economy, especially since there is a trend within the country to increase the number of electronic banks, to keep pace with technological development and increase performance.” link
Source: Dinar Recaps
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Tishwash:
Sudanese at the Labor Conference: The development path is the first of its kind and will provide great opportunities
Prime Minister Muhammad Shiaa Al-Sudani said today, Saturday, during a speech he delivered at the opening of the Arab Labor Conference in Baghdad, that the development road project is the first of its kind and will provide great opportunities for work through the industries that will take place in the areas through which it will pass.
The text of Sudanese’s speech:
Everyone anticipated congratulations to the workers of the world on their holiday, the first of May, wishing them and their trade union and labor organizations further progress and prosperity.
The world is witnessing crises whose impact has been reflected on the global economy and the social, psychological and economic situation of the peoples of the Arab Organization, and has negatively affected labor productivity.
The Arab Action Conference held in Baghdad bears additional responsibilities beyond those that previous conferences used to discuss.
It is necessary to work to improve the performance of labor market institutions and elements, and to build a qualitative relationship between educational outcomes and labor market needs.
Women must be attracted to work as a productive force that cannot be stopped, and child labor must be limited.
We stress the importance of adopting new production methods, raising the level of workers and institutions, creativity, innovation, and cooperation with modern technology.
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Our current government has launched many strategies and initiatives that will improve the reality of work and workers.
We launched the “National Strategy to Reduce and Prevent Inequalities in the World of Work for 2024-2028” in cooperation with the International Labor Organization.
We launched employment and development initiatives for various categories, foremost of which is the “Riyada” initiative, to qualify young people and introduce them to the labor market.
The youth group represents 60% of our society, and is the backbone of the labor movement.
We established the Iraq Fund for Development with huge capital in order to create an investment environment that provides thousands of job opportunities.
The success of the Baghdad conference depends on the seriousness of the participation of the organizations of the three production parties and on social dialogue.
The government is working on drawing future visions regarding new economic sectors, such as the green economy, the digital economy, the knowledge economy, and the blue economy, that is, water bodies, rivers, and others.
We look forward to building modern business institutions; To achieve a qualitative leap in performance, legislation, oversight and occupational safety in a manner consistent with the goals of sustainable development.
Integration between Arab countries can provide a labor market that accommodates all those capable of working.
We launched the development road project, which will provide many job opportunities, through the industries that will be localized in the areas it passes through. link
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Source: Dinar Recaps
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