Sudanese arrives in Riyadh to participate in the World Economic Forum
Sunday, April 28, 2024
"SUDANI PREPARES THE DINAR TO LEAVE ITS BORDERS" BY FRANK26, 28 APRIL
KTFA
FRANK26:"SUDANI PREPARES THE DINAR TO LEAVE ITS BORDERS"..............F26
Al-Sudani stresses the need for the expertise of the International Labor Organization to legislate an important law
4/27/2024
Baghdad
Today, Saturday, Prime Minister Muhammad Shiaa Al-Sudani stressed the need for the expertise of the International Labor Organization to legislate a new trade union law.
The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Al-Sudani received the head of the International Labor Organization, Gilbert Hongbo."
During the meeting, the Prime Minister welcomed “Hongbo’s visit to Iraq, to participate in the Arab Labor Conference hosted by Baghdad, as it represents the first visit of the head of an international organization to the country,” stressing that “Iraq is one of the first countries in the region to join the International Labor Organization, and that In the year 1932.”
Al-Sudani discussed, with the head of the organization, cooperation “developing the work environment in Iraq,” pointing to “the government’s steps in supporting workers’ conditions through laws and legislation, including the Retirement and Social Security Law for Workers, which was approved last year.”
He stressed "the need for the expertise of the International Labor Organization to legislate a new law for union work, as well as the need for it in the field of training and qualification and the establishment of training centers in Iraq."
For his part, Hongbo praised "the progress achieved by the Sudanese government in the field of supporting the business environment, and paying attention to the labor sector and its workers, by stimulating areas of investment and caring for workers in the priva te sector."
"RV UPDATE" BY GOLDILOCKS, 28 APRIL
GOLDILOCKS
Iraqi Banking Announcement:
"Based on the interest of the business, and for the purpose of facilitating the procedures for transferring exchange companies’ dealings and mediation in buying and selling foreign currencies from one bank to another."
https://cbi.iq/news/view/2555
---
"Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments."
National Bank of Iraq and Temenos have partnered together to transition the Iraqi Banks from Legacy Systems to a Unified Core Banking and Payments Platform.
Core Banking is the back-end processing of transactions including deposits, loans, and credit processing.
This integration will streamline operations and accelerate product development for customers across the Capital Bank Group. The Capital Bank Group globally connects Iraqi banking systems.
Temenos digital products are adaptable and scalable that will allow them to work inside an Open Banking System. This new upgrade will allow Iraq to trade with Global Financial Institutions around the world.
© Goldilocks
https://fintech.global/2024/04/25/national-bank-of-iraq-empowers-digital-transformation-with-temenos-core-banking-system/
https://www.hcltech.com/knowledge-library/what-is-core-banking#:~:text=Core%20banking%20can%20be%20defined,deposit%2C%20loan%20and%20credit%20processing.
https://www.temenos.com/news/2024/04/25/national-bank-of-iraq-goes-live-with-temenos-core-banking-and-payments/
https://dinarevaluation.blogspot.com/2024/04/iraq-gone-live-with-temenos-core.html
"RV UPDATE" BY WOLVERINE, 28 APRIL
Sat. 27 April Wolverine
Something monumental is brewing in Brazil’s financial corridors, a change so significant, but shrouded in clandestine maneuvers, that it seems almost surreal.
On Tues. 23 April an announcement was made on the official website of the Central Bank of Brazil about the advent of a new “international banking” system scheduled to launch on May 2, 2024.
What appears to be a routine update to banking infrastructure is, in fact, a veil for something much deeper. The complexities of these banking systems may escape the layman’s understanding, but the implications are clear: Brazil is on the verge of a banking revolution. This is a seismic change in the way global financial operations will interact with Brazilian mechanisms.
Our securities and financial transactions, which lie beyond Brazil’s borders, seem protected from this upheaval. They will continue uninterruptedly. This assurance was intended to calm nerves, but instead it raises questions. What is so transformative about this new system that other global transactions remain unchanged? Is this just a refinement of the process or are we looking at preparing for a bigger play in global financial theater?
Let’s delve deeper. A conversation that suggested an unexpected delay attributed to a possible spy infiltrating a crucial meeting. Think about it: a spy? This suggests that the risks are greater than anyone will publicly admit. Why the need for so much secrecy and intrigue unless there is a huge power play at hand?
Skye’s observation about spying inside the closed doors of the banking sector is downright ominous. It paints a vivid picture of a battlefield, where financial titans and shadowy entities face off behind the smokescreen of bureaucratic announcements.
A hearing is scheduled for the Tier4B group on Thurs. 2 May. This is a calculated move in this game of chess, a moment that could decide the fate of many. The expectation of this day is to prepare for impact.
Let’s talk about the reliability of these communications. I’m in contact with a source directly from Portugal, a source that promises unfiltered and first-hand news. This is as straightforward as it gets. The promise of “green light news” hangs over us, hinting at imminent developments that could change everything.
Consider the rapidity of the revaluation of the Kuwaiti dinar – a historical precedent that illustrates how quickly fortunes can change when conditions are right. Could Brazil’s new banking system trigger a similar event? The official narrative dismisses such possibilities, but history teaches us to look beyond the facade.
The silence of entities like the IMF and the US Treasury in the face of these imminent changes is deafening. Why the lack of confirmation or denial? Their silence could very well be an admission that something significant is on the horizon, something that could redefine power structures in global financial markets.
Now, as we approach May 2, the tension is palpable. It’s a matter of preparation. How will we respond to the changes that will come? How will the global financial community react when the full scope of Brazil’s plans becomes apparent? We must also consider the human element in this grand scheme. Carpathia’s note serves as a poignant reminder: “Believe in your dreams – never, ever give up.” This is a rallying cry for everyone caught up in these tides of change. Our dreams and our visions for the future are intertwined with these monumental shifts in power and politics.
We are on the cusp of something huge, a moment that will define the next era of global finance. The pieces are moving, the players are in position, and the game is about to change. Get ready. May 2nd is the beginning of a new battlefield
Sudanese at the Labor Conference: The development path is the first of its kind and will provide great opportunities, 28 APRIL
Sudanese at the Labor Conference: The development path is the first of its kind and will provide great opportunities
Prime Minister Muhammad Shiaa Al-Sudani said today, Saturday, during a speech he delivered at the opening of the Arab Labor Conference in Baghdad, that the development road project is the first of its kind and will provide great opportunities for work through the industries that will take place in the areas through which it will pass.
The text of Sudanese’s speech:
Everyone anticipated congratulations to the workers of the world on their holiday, the first of May, wishing them and their trade union and labor organizations further progress and prosperity.
The world is witnessing crises whose impact has been reflected on the global economy and the social, psychological and economic situation of the peoples of the Arab Organization, and has negatively affected labor productivity.
The Arab Action Conference held in Baghdad bears additional responsibilities beyond those that previous conferences used to discuss.
It is necessary to work to improve the performance of labor market institutions and elements, and to build a qualitative relationship between educational outcomes and labor market needs.
Women must be attracted to work as a productive force that cannot be stopped, and child labor must be limited.
We stress the importance of adopting new production methods, raising the level of workers and institutions, creativity, innovation, and cooperation with modern technology.
Our current government has launched many strategies and initiatives that will improve the reality of work and workers.
We launched the “National Strategy to Reduce and Prevent Inequalities in the World of Work for 2024-2028” in cooperation with the International Labor Organization.
We launched employment and development initiatives for various categories, foremost of which is the “Riyada” initiative, to qualify young people and introduce them to the labor market.
The youth group represents 60% of our society, and is the backbone of the labor movement.
We established the Iraq Fund for Development with huge capital in order to create an investment environment that provides thousands of job opportunities.
The success of the Baghdad conference depends on the seriousness of the participation of the organizations of the three production parties and on social dialogue.
The government is working on drawing future visions regarding new economic sectors, such as the green economy, the digital economy, the knowledge economy, and the blue economy, that is, water bodies, rivers, and others.
We look forward to building modern business institutions; To achieve a qualitative leap in performance, legislation, oversight and occupational safety in a manner consistent with the goals of sustainable development.
Integration between Arab countries can provide a labor market that accommodates all those capable of working.
We launched the development road project, which will provide many job opportunities, through the industries that will be localized in the areas it passes through. link
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