More Iraqi News Wednesday PM 12-1-21
More Iraqi News Wednesday PM 12-1-21
TLM724 Administrator BondLady’s Corner
Kuwait Receives A New Amount Of Compensation From The United Nations Commission From Iraq
Wednesday 01 December 2021 08:59 | economic Number of readings: 385
Baghdad / NINA / - Kuwait received an amount of 1.47 billion dollars from the compensation of the United Nations Committee from Iraq, which is related to compensation for the Iraqi invasion of its lands in 1990.
A statement by the National Bank of Kuwait stated to KUNA that "it received this amount in the months of April, July and October of this year." He added that the remaining amount is 629 million dollars to be paid permanently https://ninanews.com/Website/News/Details?key=942182
President Of The Republic: The Current Stage Requires A High Awareness Of The Challenges And An Effective Response To The Major National Entitlements
Wednesday 01 December 2021 15:56 | political Number of readings: 285 Baghdad / NINA / - The President of the Republic, Barham Salih, affirmed that the current stage requires a high awareness of the challenges and an effective response to the major national entitlements.
The president congratulated during a meeting of the Iraqi Communist Party delegation headed by party secretary Raed Fahmi, the convening of the atheist th Congress of the Communist Party of Iraq, praising the pioneering and historic role played within the framework of the Iraqi National Movement for Democracy and to establish and overcome the stage of tyranny and build the political process and upgrading. "
And the meeting discussed Updates on the political situation and the challenges facing the country in the current situation, and what they require of concerted efforts and unification of the national ranks in order to protect security and stability in the country, respond to the aspirations of the people, solve problems and crises related to the conditions of citizens, and work to improve living and service conditions.
Saleh stressed that the current stage requires a high awareness of the challenges and an effective response to the major national entitlements that await the country, stressing the need for everyone to unite and initiate the necessary reforms in various sectors and establish the pillars of good governance.
https://ninanews.com/Website/News/Details?key=942287
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad The exchange rates of the dollar rose, today, Wednesday, in the local markets. And the selling prices of the dollar were recorded at 148.250 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147.750 dinars per 100 dollars.
Views 162 Date added 01/12/2021 https://economy-news.net/content.php?id=26886
The Rise In Oil Prices And Brent Recorded $ 70.24 A Barrel
Economie| 08:15 - 01/12/2021 Follow-up - Mawazine News: Oil prices rose, on Wednesday, compensating some losses following the sharp declines in the previous session, as major producers prepare to discuss how to respond to the threat of a blow to fuel demand from the Omicron axis.
Brent crude futures rose $1.01, or 1.5 percent, to $70.24 a barrel, after falling 5.4 percent on Tuesday.
West Texas Intermediate crude futures rose 78 cents, or 1.2 percent, to $66.96 a barrel. Ended
https://www.mawazin.net/Details.aspx?jimare=177022
Zain Iraq: Investing In The Younger Generations To Achieve A Better Tomorrow For Iraqis
Dunya and Smart| 03:23 - 01/12/2021 Baghdad - Mawazine News The young generation segment between the ages of 15 and 24 represents approximately 16% of the world's population, and studies expect that the number of young people will increase by 7% by 2030, reaching about 1.3 billion young men and women. In Iraq, young people constitute a proportion of The population is high, which according to the latest statistics of the Ministry of Planning issued in the year 2020, reached about 40 million and 150 thousand people.
The World Bank indicates that nearly half of the youth in Iraq is under the age of 19 and about a third between 15 and 29 years of the total population. Unemployment among youth is about 36% in the world and about 25% in Iraq.
Experts indicate that about 160,000 to 170,000 Iraqi youth graduate annually from colleges and institutes and do not find job opportunities. Based on the foregoing, building the skills of Iraqi youth and providing appropriate job opportunities is critical to achieving economic and social recovery and rebuilding social cohesion and synergy. In Iraq, and here comes the role of the public and private sectors in creating and creating suitable opportunities for young people.
Within the umbrella of sustainable development, Zain is working to achieve a positive impact in the markets in which it operates, whether it is on the economy, the environment or society. In Iraq, as it has been shown through studies that caring for the youth and empowering them is one of the most important concerns of Zain Iraq, based on its commitment as the largest telecom operator In Iraq, investing in youth is the key to building a brighter and more prosperous future for Iraq.
The ZY Youth Empowerment Program is a practical translation of Zain’s vision and belief in the pivotal role of young women and men to achieve sustainable development, and the need to invest in young minds, which would achieve a new renaissance that leads towards a better future for Iraq.
This program contributes to the establishment of a highly qualified youth generation that is ready to enter the labor market and to enhance the spirit of initiative among young people by involving them in community service initiatives and programmes. Zain Iraq launched the ZY Youth Empowerment Program, with the aim of overcoming the difficulties facing Iraqi youth, providing an umbrella for all youth projects, and providing an opportunity for promising energies to access resources that allow them to grow and thrive and keep pace with the rapid changes in the world.
Zain Iraq is also keen, through the "Zain Innovation Platform" ZINC, to provide the requirements of projects and ideas through the use of modern technology and to create the appropriate conditions for the development of its programs and initiatives to chart the path to success for projects that target university students, graduates and owners of start-ups or small and medium enterprises, and it also works on expanding the range of categories Targeted by the ZY platform, it aims to introduce children to modern technological technologies and expand their horizons regarding the Internet of Things, artificial intelligence and other issues and issues.
Zain Iraq is working to provide everything that would connect the youth in ZINC with business supporters and major technology companies, whether through television linkage, or communication through modern communication devices and applications.
Zain Iraq believes in cooperation with the entrepreneurial bodies and institutions operating in Iraq, to enhance its efforts to empower Iraqi youth and provide all the support and assistance they need, as it continues its cooperation with Al Mahatta Foundation for Entrepreneurship, the first joint workspace in Baghdad and one of the leading institutions in the field of entrepreneurship in Iraq. Since the establishment of the station in 2018 until today, Zain has been keen to provide support for the station's activities.
Zain was recently keen to renew the agreement with the station in order to enhance joint cooperation, and to provide the institution with the opportunity to benefit from the experiences of Zain Middle East, especially in the field of empowering youth and helping them develop their start-ups, small and medium projects, within the framework of the ZY program.
This agreement allows the station to train its cadres, build its internal programs, and benefit from Zain's presence and its regional position in the Middle East, as well as its interaction and extensive experience with the young generation and emerging projects in the markets in which it is active. This is in addition to launching a series of initiatives and programs between the two parties that aim to provide support for youth and entrepreneurial projects.
Zain Iraq also continues to organize the Entrepreneurship Summer Training Program, which aims to raise awareness about entrepreneurship among students and recent graduates, explaining the various basics of entrepreneurship, branding, marketing, project management, financial technology, social media, digital services and other topics.
This year's edition of the summer training program witnessed the participation of more than 70 students from 11 universities from different governorates of Iraq, which was organized in the form of a digital competition. The training was provided by specialists from Zain Iraq, Jordan and Kuwait under the supervision of the Ministry of Higher Education and Scientific Research, through two tracks: professional development and entrepreneurship, through more than 12 sessions.
Zain Iraq continues to host and sponsor programs and initiatives aimed at achieving communication with the young generation and informing them of the latest developments in the field of entrepreneurship. A specialized team from Zain Iraq, in cooperation with the Station Foundation, hosted a set of Startup Huddle sessions at the Zain Innovation Center ZINC. Startup Huddle is an international program and part of the global entrepreneurship network that brings together startups to discuss their challenges and share success stories with the public on many diverse topics..
The company also hosted a group of students from the American University in Baghdad to get an overview of digital platforms and the role of artificial intelligence and the Internet Things in the future of business as well as some communication skills to help them during their university studies.
As well as within the multi-angle joint cooperation agreement between Zain Iraq and the University of Basra, Zain Iraq, in cooperation with the University of Basra, opened a computer lab in the College of Administration and Economics, Accounting Department, which was done by providing computers and other interactive tools to support the efforts of blended learning at the university.
The Zain innovation platform ZINC hosted the activities of the station Foundation in Basra, in the presence of many international and governmental institutions and owners of emerging projects in the province.
An introductory meeting was organized with a number of start-up entrepreneurs to listen to them and discuss the problems and challenges they are currently facing, as well as the launch of the The Train program, funded by the German Agency for International Cooperation (GIZ), which aims to prepare trainers in the field of entrepreneurship and design thinking.
The CEO of Zain Iraq, Ali Al-Zahid, stresses the importance of building digital capabilities in Iraq towards establishing digital transformation, which is the main way to achieve faster growth, considering that the main key to achieving this is upgrading the skills of the young generation, which forms the basis of Iraqi society, and providing it with new skills.
This is in order to adapt to the "new normal". Based on this, Zain Iraq is keen to provide support through initiatives and programs that aim to develop competitive and digital skills in many sectors, through schools, universities and the private sector, to ensure the promotion of awareness about digital content and digital services.
This trend from Zain Iraq comes within a well-studied strategy, as the World Economic Forum reports on the world’s future skills confirmed that predicting the trends of global and local skills, industry and job-specific skills, can be learned because they will be essential skills by 2025.
Those studies confirmed that the top 5 global skills for the year 2025 are: analytical thinking and innovation, active learning and learning strategies, solving complex problems, critical thinking and analysis, creativity, originality and initiative.
By 2025, 50% of workers around the world need to rebuild their skills in line with job requirements and developments, especially the intrusion of technology and artificial intelligence into them... while 40% of workers around the world currently expect that they have to change and develop their skills in jobs Which they work in, to be able to keep pace with the development in work and this is what Zain Iraq is working on, as it provides its capabilities and capabilities to provide support and assistance to emerging, small and medium projects, and to deliver the products and services of these projects to the widest target group, thus increasing sales, enhancing areas of growth and development, and providing job opportunities for young people.
The company is also keen to understand the needs of young people and listen to their opinions regarding the services and products offered by Zain and the training programs that interest the young generation and contribute to empowering them and developing their skills to be able to compete in the near future. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=177063
Disclosure Of The Reasons For Establishing The Basra Energy Company And Its Goals
local| 04:05 - 01/12/2021 Basra - Mawazine News The Director-General of the Basra Oil Company, Khaled Hamza Abbas, said today, Wednesday, that the Basra Energy Company includes a coalition of two oil companies, Petrogina and BP, and the aim of its establishment is the administrative restructuring of the two companies under the name “Basra Energy Company” to develop the Rumaila field only.
Abbas stated in a press conference followed by "Mawazine News" that all obligations stipulated in the service contract are valid and on the same terms, in addition to providing expertise, knowledge and financial support, which will remain at the same pace.
Meanwhile, Hassan Muhammad Hassan, the assistant director of the Basra Oil Company for Fields, Licensing and Social Benefits, said that BP informed them at the beginning of this year of their desire to work with Petrogana under the name Basra Energy Company, for organizational and administrative purposes and with the aim of providing fixed financing for the Rumaila field project, which is The most important points, and as a result, a ministerial team of advanced cadres was formed in the Basra Oil Company and the Ministry of Oil, and after discussing all the contractual, administrative and legal aspects to ensure the flow of work by transferring powers from the current structure to the new structure, stressing that the terms of the effective contract remain unchanged.
The same applies to the commitments, partners and ratios, which are (47% and 46%) for BI and Petrogina, while in the new coalition Petrogina became 51%, and BP became 49% of the shares of the new company in full, in addition to the government share, i.e. the oil marketing company, remains as it is.
He pointed to securing all government approvals in this regard, issuing a cabinet decision to form this company and signing the company's founding contract with Basra Oil and the Ministry of Oil, and now the company is in the process of fundamentally registering the company in government departments.
And he indicated that the Basra Oil Company for Energy Limited was established to work in the Rumaila field only, which will remain under the eyes of the joint administration, so the appointment of the director of the operational authority will be with the agreement of the parties and the approval of Basra Oil, so that there is control over the survival of cadres and expertise as has been in place during the past ten years. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=177067
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