"Tidbits From TNT" Monday 3-27-2023

TNT:

Tishwash:  A government plan to distribute electronic POS devices to the local markets

A source in the Iraqi Ministry of Finance revealed, on Monday, a government plan to distribute electronic POS devices to local markets, after completing their distribution to fuel filling stations, with the beginning of next April.

The source told Shafaq News agency, "The first stage of generalizing the electronic payment experience using POS devices will be at fuel filling stations, starting next week, and government banks will start providing station owners with these devices."

He added, "The experience will be expanded to include the private sector, commercial centers, shop owners, companies, malls, stores, markets, and other various sectors."

He explained that "the mechanism for obtaining these devices from government banks will be easy and with smooth procedures by submitting requests to the bank and receiving the device immediately."

He pointed out that "this process comes to facilitate financial transactions and provide point-of-sale service to shop owners, malls and companies to enable them to accept payments electronically through MasterCard cards, so that the amounts of transactions executed through the point-of-sale device are automatically transferred from the card account to the merchant's account with the bank."

During the past and current week, the Oil Products Distribution Company piloted the electronic payment process (POS) in a number of fuel filling stations within the capital, Baghdad.  link

CandyKisses:  An informed source reveals the date of generalizing the electronic payment experience and the plan to expand it

{Local: Al-Furat News} An informed source revealed the date of the start of circulating the electronic payment experience at fuel filling stations.

The source told {Euphrates News} that "the first phase of circulating the electronic payment experience using {pos} devices will be at fuel filling stations starting next week," noting that "the banks of Al-Rafidain, Rashid and others will start providing station owners with these devices."
He pointed out that "the experience will be expanded to include car washing and lubrication stations, the private sector, commercial centers, shopkeepers, companies and malls."

The source added, "The mechanism of obtaining electronic {pos} devices from government banks will be easy and with smooth procedures, by submitting applications to the bank and receiving the device immediately to facilitate financial transactions and provide point of sale service to shop owners to enable them to accept electronic payments through MasterCard cards to transfer the amounts of operations executed through the point of sale device automatically from the card account to the merchant's account with the bank."

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Tishwash:  Iraq signs a memorandum of understanding with three Arab countries for agricultural and trade cooperation

Iraq, Syria, Lebanon and Jordan signed, on Monday, a quadripartite memorandum of understanding for cooperation in the agricultural field and the promotion of trade exchange in order to achieve integration between the four countries.

The memorandum includes the promotion and development of cooperation in the agricultural field, both plant and animal, and the exchange of expertise, information, successful agricultural experiences, and the management of reserves and gardens between the four countries.

It also included cooperation in the field of fire fighting, climate change, rural development, agricultural extension, production, animal health and veterinary medicines.

The Iraqi Minister of Agriculture, Abbas Al-Alaywi, said, "The agreement is a starting point for joint work and cooperation in the agricultural sector, on which most Arab peoples depend. It also provides markets for selling the products of the four countries."

Last year, the four ministers held three meetings, one in Iraq in February, the second meeting in Lebanon in July, and the third meeting in Jordan in September.   link

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Tishwash:  This is the time.. Saudi Arabia and Iran intend to hold a meeting to implement a "historic" reconciliation

Riyadh announced, on Monday, that the Saudi and Iranian foreign ministers pledged to hold a meeting before the end of Ramadan to implement a historic bilateral reconciliation agreement.

The Saudi Foreign Minister, PrinceFaisal bin FarhanAnd the IranianHussein Amir AbdullahianPhone conversations are the second between them in less than a week.

During the call, a number of common issues were discussed in light of the agreement that was signed inChinaAccording to the official Saudi Press Agency (SPA).

Likewise, the two ministers agreed to hold a bilateral meeting between them within a month Ramadan The current one,” according to the agency, which did not specify a time or place for the meeting.

Iran and Saudi Arabia announced that they would resume within two months their diplomatic relations, which were severed since 2016.   link

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Tishwash:  Chinese companies account for the largest share of Iraq's oil exports in a month

 The Iraqi Oil Marketing Company, "SOMO", announced on Monday that the Chinese oil companies were the most numerous to buy Iraqi oil during the month of February.

SOMO" stated in a statistic published on its official website and seen by Shafaq News agency, that the share of "Chinese companies was 7 companies out of 35 companies that bought oil during the month of February."

She added, "Indian companies came second with 6 companies, American companies came third with four companies, then South Korean companies came fourth with three companies, and Italian, Japanese and Greek companies came with two companies each."

She indicated that "the rest was distributed among the (Dutch-British), Russian, Emirati, Egyptian, Jordanian, Kuwaiti, Spanish, Turkish and French companies, with one company for each of them."

Somo indicated that it "depends on the sale of Iraqi oil on the main criteria for contracting with large, medium, independent and vertically integrated governmental global oil companies," noting that "the most prominent international companies that have bought Iraqi oil are the Indian company, Hindustan, Korean Cocas, Chinese Petrogene, US Exxon Mobil, and Shell." British Dutch and Italian Eni.   link

Mot: and Yet another Awareness Tip on Raising the ""Wee Folks"" from Mot of Course!

Mot: ........ Has Yous Noticed.....