More News, Rumors and Opinions Sunday Afternoon 12-18-2022
KTFA:
Clare: 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."
(Source: Newsfile) LINK ISHTAR GATE FOR E- PAYMENT SYSTEMS AND SERVICES
Henig: 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
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Courtesy of Dinar Guru
Pimpy Article: "Parliamentary Legal: An extraordinary session of Parliament if it receives the budget" I've talked about this before. If they can somehow agree on the budget before the end of the year you will see an emergency session called to Parliament to pass it before the end of the year. That would be great news for the Iraqi people..
Militia Man Article "Minister of Transport: We aspire to enhance the investment environment in Iraq " The transport of any country is very important for the Private Sector.. The major players in an infrastructure build out for a country post war is a critical sector...The country is looking to be fully committed now to open up internationally and transportation is a key component.. This is a good thing for investors of the Iraq Dinar.
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MARKETS A LOOK AHEAD: What To Look Out For Moving Forward.
Greg Mannarino: 12-18-2022
China’s De-Dollarization Strategy - They Want A Global Dollar Dump
Sean Foo: 12-18-2022
China's accelerating their de-dollarization campaign on the United States and it is getting worse. They dumped more US treasuries in October and they are pushing for oil trade in Yuan.
If that happens, it will be a game-changer for the reserve currency. Here's what you must know about China's de-dollarization strategy!
0:00 China's De-dollarization Mission
1:21 A Global Treasury Dump
3:48 Energy For Yuan
6:29 China's Plan With Gold
9:00 Yuan Swap Lines
11:45 De-dollarization Won't End