Zig’s Place Chatroom News Sunday AM 11-21-21

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Butterfly   In the document ... the Central Bank publishes the controls for declaring money

Sunday 21 November 2021 National Agency publishes Iraqi News / Nina / controls issued by the Central Bank on the statement of funds.

The Central Bank stated in a statement that "this came in order to reduce the risks of entering and exiting funds across the Iraqi borders and exploiting this in money laundering or terrorist financing operations, and based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015, and the provisions of controls No. 1 of 2019 (amended) Regulations No. 1 of 2017). https://ninanews.com/Website/News/Details?key=940234

butterfly   +300 artifacts dating back to the Parthian and Seleucid eras found in Baghdad 2021-11-21 05:05

Shafaq News/ The Director-General of the Department of Investigation and Excavations, Ali Shalgham, announced that more than three hundred archaeological artifacts dating back to the Parthian and Seleucid eras had been found in Baghdad.

Shalgham said in a statement that the excavation teams, southeast of Baghdad, found the artifacts while working in the Nahrawan area.

He added that the department is working to follow up on the local and foreign excavation teams in all Iraqi governorates to check up on the findings. https://shafaq.com/en/Iraq-News/300-artifacts-dating-back-to-the-Parthian-and-Seleucid-eras-found-in-Baghdad

butterfly   https://www.shafaq.com/en/Economy/CBI-sales-in-the-currency-auction-inched-up-5-6 2021-11-21 07:27

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $158 million in foreign currency today, Sunday.

Shafaq News Agency correspondent said that CBI's foreign currency sales in this week's third auction amounted to $192,496,931. The transactions were made at a weighted average of 1460 dinars to every dollar.

Our correspondent explained that 25 banks and 195 exchange companies cashed $330.650 million, while the $158,846,931 went to boost funds abroad in the form of credit and non-cash transactions, with 13 banks meeting those demands. https://www.shafaq.com/en/Economy/CBI-sales-in-the-currency-auction-inched-up-5-6

butterfly   Iraq to achieve the highest economic growth among Arab Gulf countries in 2021 2021-11-21 01:20

Shafaq News/ The International Monetary Fund said Iraq is expected to achieve the highest economic growth among Arab Gulf countries in 2021.

The fund showed in a table that Iraq is expected to achieve economic growth by 3.6%.

The economic growth of the Arab Gulf states and the countries neighboring Iraq will witness unevenness, according to the table, noting that Saudi Arabia is expected to witness a 2.8% economic growth, while Oman will witness an economic growth of 2.5%. Qatar 1.9%, Kuwait 0.9%, and the UAE is experiencing economic growth of 2.2%. https://www.shafaq.com/en/Economy/Iraq-to-achieve-the-highest-economic-growth-among-Arab-Gulf-countries-in-2021

butterfly   Swedish Minister of Foreign affairs arrives in Baghdad 2021-11-21 07:02

Shafaq News/ The Iraqi Ministry of Foreign Affairs announced that the Swedish Foreign Minister has arrived in Baghdad, to meet with senior officials.

The Ministry's spokesman, Ahmed Al-Sahaf, said, in a brief statement that Minister Ann Linde, arrived today in Baghdad on an official visit.

He explained that Linde will meet the President of the Republic, Barham Salih, Prime Minister Mustafa Al-Kadhimi, and Foreign Minister Fouad Hussein. https://www.shafaq.com/en/Iraq-News/Swedish-Minister-of-Foreign-affairs-arrives-in-Baghdad

butterfly   Al-Fatah: we have submitted enough evidence to annul the election results 2021-11-21 04:00

Shafaq News/ Al-Fatah coalition disclosed today, "evidence that proves and confirms" fraud and manipulation in the recent Iraqi elections.

The leader in the coalition, Mahmoud Al-Hayani, told Shafaq News Agency, "The recent change in the results after the decisions of the judiciary confirms and proves the existence of fraud and manipulation in the early parliamentary elections. This is evidence proven by judicial decisions, especially after losing candidates won and vice versa."

"The judicial body's disclosure of fraud and manipulation will push the political and popular forces to increase pressure in order to manually recount votes, until the forgery process is fully revealed and the real political forces are determined according to the will of the Iraqi people, not according to foreign agendas."

In this context, Hadi al-Amiri, the head of the alliance, said that enough evidence had been submitted to the Federal Court to annul the election results.

This came during Al-Amiri's visit to the head of the Victory Coalition, Haider Al-Abadi, and the head of the National Coalition, Iyad Allawi, separately in Baghdad, to discuss political developments and the current election results crisis, according to a statement by Al-Amiri's office.

Al-Amiri, Al-Abadi, and Allawi stressed, "the need to follow up on appeals in the parliamentary elections through legal and judicial means."

For his part, Al-Amiri indicated, according to the statement, that the appeal submitted by Al-Fatah Alliance to the Federal Court, last Thursday, contained enough evidence to annul the election results. https://www.shafaq.com/en/Iraq-News/Al-Fatah-we-have-submitted-enough-evidence-to-annul-the-election-results

butterfly   The World Conference of Traders in Financial Markets comes out with 10 recommendations to achieve economic growth

Sunday 21 November 2021 The work of the 59th International Conference ACI and the 45th Conference ICA 2021, which was launched and organized by the Emirates Association of Traders in Financial Markets, under the slogan "The World is in a Phase of Transformation", concluded at the Hilton Hotel in Al Habtoor Village in Dubai. With the participation of more than 600 guests from economic figures and former political leaders from around the world.

Following the end of the conference sessions, the participants reached 10 recommendations that would achieve the goals of economic growth, develop its tools, and expand the base of its dealings with various markets around the world, taking into account the role of the UAE and its early awareness and initiative to employ artificial intelligence in economic sectors, and activate the system Blockchain technologies, in a step that confirms its keenness to anticipate the future and develop plans and strategies necessary to meet its challenges.

The recommendations reached by the participants included the need to take advantage of the Covid-19 crisis, by employing the lessons learned and mistakes committed by some global economies in enhancing the flexibility of economic tools, in order to be able to fully shift towards blockchain and digital systems, while providing the necessary solutions to the accompanying challenges, which It includes maintaining data security to enhance privacy, improve performance, and raise the efficiency of cryptocurrencies as an emerging and new type of asset.

butterfly   The participants stressed the importance of identifying controls and mechanisms capable of enhancing the capabilities of institutions and enabling them to develop a general framework for governance that contributes to facilitating their movement and mobility in the technological digital world, in addition to attaching these controls to a system of policies and strategies regulating the use and application of digital technologies, as well as defining texts in an environment The work includes specific policies for the application of the blockchain, and raising the capabilities of financial markets in times of crisis and turmoil by clarifying and identifying the status of encrypted assets.

The participants recommended the necessity of directing the abundance of options offered by technology, including artificial intelligence, in assessing the risks of epidemics, and anticipating them with guiding solutions, in addition to maximizing the role of information exchange through national information and communication centers, which contribute to rapid response, confronting crises and assessing their risks,

in addition to enhancing the role of Coordination of data between the components of the economic sectors, and the shift towards adopting flexible models within the tools of economic work, to be able to keep pace with changes in the technological reality, and activate the reality of innovation and its culture to be the starting base towards achieving the desired success, through growth in the field of application of blockchain technology.

butterfly   The participants discussed the supported economic laws that enable financial companies to grow in an effective manner, as well as the partnership between the government and the private sector to achieve the public benefit of the economy, especially during the era of the pandemic, and the UAE was chosen as an example for the rest of the countries in how to provide support to the government and private sectors to ensure business continuity correctly.

Mohammed Al Hashemi, Chairman of the Emirates Association of Financial Markets Traders, said, "The meeting of this large number of influential guests in their societies, and in the reality of global economies, and their participation in the conference sessions, contributed to enriching the event, and led to the placement of many pivotal and pivotal points on the discussion table.

This led to many recommendations that we hope will contribute to the rapid recovery of the economy and the financial sector, adapting to new technologies, understanding the new effects of interest rates, and investments using artificial intelligence.”

In turn, Ohoud Al Ali, a member of the Board of Directors of the Emirates Association of Financial Markets Traders, explained that the conclusion of the conference for its activities is a starting point for the next step of diligent work towards implementing its recommendations, and gradually dropping them on the economic sectors, while continuing research and innovation in order to enhance the continuity of economic growth, and the development of Its tools are in line with the successive developments witnessed by the world, and keep pace with the rapid developments achieved by technological development.

butterfly   For their part, the participants in the conference expressed their happiness at attending the conference, describing it as the most organized conference rich in detailed sessions and pivotal discussions, in which a group of pioneers in financial markets, central banks, political leaders specialized in the economic sector, businessmen, and economic academics participated, praising the ability of the organizers.

The conference will focus on implementing social distancing policies, precautionary standards, and providing a PCR testing team in place to meet the needs of the participants. https://ninanews.com/Website/News/Details?key=940237

butterfly   Long article but worth reading.

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