TNT:

Tishwash:  The Minister of Finance and the Governor of the Central Bank participate in the meetings of Arab financial bodies

Finance Minister Taif Sami participated today, Saturday, in the joint annual meetings of Arab financial bodies, which are held in Morocco, with a high-level attendance that includes ministers of finance, economy and international cooperation from various Arab governments, and heads of Arab financial bodies.

According to a statement by the Ministry of Finance, "The Iraqi delegation, headed by the Minister of Finance, includes the Governor of the Central Bank, Ali Al-Alaq, directors of public debt departments, the Iraqi Fund for Foreign Development, the Administrative and Legal Department, and the head of the National Retirement Authority."

The statement added, "The opening session witnessed a speech by the Moroccan Prime Minister on behalf of King Mohammed VI, in which he welcomed the participating delegations and emphasized the consolidation of aspects of developmental integration and integration among them, in the context of their keeping pace with the development efforts of their member countries," adding, "These institutions must continue to work to support Arab development efforts, by establishing and adopting modern development models based on fortifying and rehabilitating Arab economies, and enabling them to effectively integrate into regional and international value chains

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CandyKisses:  US Federal Reserve calls for new rules to avoid bank collapse

Shafaq News=The US Federal Reserve on Saturday urged to renew a set of rules for medium-sized banks to avoid the problems that led to the collapse of Silicon Valley, according to a report by the Wall Street Journal.

Michael Barr, the Fed's vice chairman for supervision, said supervisors did not fully appreciate the magnitude of the vulnerabilities in the banking sector as the Silicon Valley problem began to get complicated.  

"When the reserve sensed some complications in Silicon Valley, it did not take sufficient steps to ensure that the bank fixed these issues quickly enough," Barr said.

"The mistakes made by the Fed regulators were driven in part by changes that generally relaxed the rules on medium-sized banks," he opined.

"These changes have hindered effective supervision by reducing standards, increasing complexity and promoting a less assertive supervisory approach," Barr continued.

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Cutebwoy:  KFC, Pizza Hut open new branch in Baghdad

IraqiNews    April 28, 2023

Baghdad (IraqiNews.com) – KFC and Pizza Hut, two well-known American fast-food brands, recently opened a new location in Baghdad, Iraq, as part of an effort to increase their footprint in the Middle East.

The two restaurants are owned by Americana Restaurants in the UAE, which has a long history of operating fast-food chains in the region. Americana Restaurants is a division of the Kuwait-based Americana Group, which owns and runs approximately 1,700 restaurants in the Middle East and North Africa.

The decision to establish a new KFC and Pizza Hut location in Baghdad is considered as a significant step forward for the Iraqi city, which is steadily rebuilding itself following years of warfare and upheaval. The new restaurant is planned to give residents new work possibilities as well as a new eating alternative for the city’s locals.

A variety of traditional foods, including Pizza Hut’s renowned pizzas and KFC’s famed fried chicken, will be available on the menu at the new KFC and Pizza Hut location. The eatery will also provide a variety of sides and sweets, such as ice cream, coleslaw, and garlic bread

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