News, Rumors and Opinions Saturday 6-26-2021

TNT:

Tishwash:  Zain Iraq wins two international awards: the fourth generation campaign and digital transformation

Zain Iraq Telecom announced, on Saturday, that it won the best marketing campaign award for the launch of the fourth generation network, and the award for the best innovative telecom company in the field of digital transformation for the digital communications service “oodi”.  

 The company said in a statement that Nass received a copy of it (June 26, 2021), that "in culmination of its leading position as the largest telecom operator in Iraq, Zain Iraq, one of the Zain Group's leading companies in mobile telecommunications and data services in the Middle East, won two awards from International Finance 2021 for its digital contributions and achievements through the launch and dissemination of 4G services

And the provision of innovative technological solutions that contribute to achieving digital transformation.Zain Iraq won an award (Best Marketing Campaign) for the campaign to launch 4G network services, as well as an award for (Best Innovative Telecom Company in the Field of Communications). Digital transformation) in Iraq for digital communications service (oodi).  

The statement continued, "The two awards are a clear indication of the continuous and unremitting efforts made by Zain Iraq to achieve digital transformation in Iraq, as well as the continuity of its distinguished offers, initiatives and projects, which aim to meet the ever-changing needs of Iraqis and achieve their aspirations. Zain Iraq is keen to provide services that exceed the expectations of users. By adopting and supporting innovation in all fields in order to effectively contribute to the development of Iraq and empower society in its various sectors.  

According to the statement, Ali Al-Zahid, CEO of Zain Iraq, said, "We are pleased to win these two prestigious awards from the prestigious International Finance International 2021, which reaffirms our position and leading role in the telecommunications sector," adding, "Our launch of 4G services has achieved widespread success, We will continue to fulfill our promise by providing the best services in this field at the level of all Iraqi governorates, in addition to continuing to provide a distinctive and unique customer experience.

Zain Iraq has also succeeded in its continuous pursuit of innovation within the digital transformation process by launching the digital communications service (oodi), and we look forward to continuing to work To provide the best and latest technologies and communications services for Iraqis, and to contribute to building a better tomorrow for the young generation and keeping pace with their needs to achieve their dreams and ambitions.”  

The statement indicated that “International Finance International 2021, the arm of the World Bank Group that deals with the private sector, is keen, through awards that are awarded annually, to honor innovation, leadership and success stories on an international scale, as well as highlighting the importance of digital transformation in business infrastructure.” contemporary".  link

************

Courtesy of Dinar Guru

Frank26   Article: "The advisory body is studying the investment of high oil prices and addressing the effects of the dollar exchangeThey're telling you they are changing the rate.  Quote: "Regarding changing the dollar exchange rate...there is a study that the Central Bank is conducting with the Ministry of Planning and economic experts to address the effect of changing the exchange rate..."  Bada-bing-bada-boom...Drop the microphone!

Footforward   It's funny. They keep acting and talking like a country with a currency that has revalued. The clues are there that this is coming in my opinion if you know what to look for.

KTFA:

Samson:  A parliamentary bloc exposes corruption in trillions... and issues a statement

25th June, 2021

On Friday, the National Approach bloc revealed corruption in trillions of dinars in the financial and oil sectors, communications, customs and electricity, and confirms that following up on state revenues and expenditures and presenting its movement to public opinion will eliminate most corruption practices and pave the way for social justice

The head of the bloc, Ammar Tohme, said in a statement that NRT received a copy of it, today (June 25, 2021), that “day after day the suffering of the Iraqi citizen is exacerbated and the circle of grievances affecting him is expanding as a result of the increasing and underestimating financial and administrative corruption practices of the citizens’ pain and expanding with alliances that are rooted over time in the acquisition of The joints of the state in all its details

The statement added, "The mention of some resources in which corruption drains trillions of dinars annually from the people's public funds to confirm this dangerous approach, which requires a unified position from the faithful to end its unjust effects," and we show this with some examples

1- What is drained of money in the currency auction and selling the dollar is close to (four to five trillion dinars) that goes into the pockets of a selfish parasitic class without providing any development activity for the country

2- No less than (nine trillion dinars) from the border crossings’ revenues are wasted in continuous corruption practices over the past years, according to the statement of the current Minister of Finance to the British newspaper The Cardinal, given that the total dollar sales by the Central Bank annually range from (45 to 50) billion dollars and calculating The fees and taxes supposed to be collected from this amount shall not be less than what we mentioned

3- Revenues of mobile phone companies, according to the figures of the competent departments, range between (six to eight trillion dinars annually), and indicators show that their net profits from those revenues are no less than 80% of their total revenues. It is a very large amount that requires the state to establish a national company that obtains these profits And supply them to the public treasury instead of the acquisition of a few people on these huge profits

4- Cancellation of oil licensing rounds, which annually cost the dues of its foreign companies amounts ranging between (14-16) trillion dinars, as well as partnership contracts of the Kurdistan region with foreign oil companies whose dues amount to (40%) of the revenues of oil produced in the region and replacing them with contract formulas that achieve The highest benefit for Iraq, as the constitution stipulates through this

5- Amending the contracts of electricity companies with investors who represent economic fronts for influential parties and personalities, whose energy production costs are equivalent to four times the real prices

The statement explained, "The availability of a serious will to address these resources only and with pressure and conscious popular support will contribute to finding radical solutions to the suffering of millions of Iraqis and providing decent living opportunities for hundreds of thousands of graduates and unemployed youth," without mentioning any other details   LINK

************

 Iraqi Dinar update for 06/25/21 - weaker dollar, oil price rises along with gold

Pimpy’s Investment Chat:  Jun 25, 2021

https://www.youtube.com/watch?v=1knYQQo3BjY

Previous
Previous

Iraqi News Saturday AM 6-26-21

Next
Next

Economists Alastair Macleod and Max Keiser Saturday 6-26-2021