Iraq signs a contract with Saudi Arabia to build a submarine cable to increase internet capacity
The Iraqi Ministry of Communications signed a contract for the submarine cable construction project with the Saudi Telecom Company with the aim of increasing internet capacity in Iraq.
Iraqi Minister of Communications Hiyam Al-Yasiri stated that this contract is the third of its kind signed by the current Iraqi government.
She said in a press conference following the signing, "After signing this contract, the landing procedures will begin, which include surveying the site for water and moving the necessary ships for that, and then landing the cable at the Al-Faw station to be used in marketing internet capacities and increasing the internet capacities entering Iraq."
Omar Al-Amiri, Director General of the Department of Relations and Media at the Iraqi Ministry of Communications, said, “Many international companies will pass their capacities through submarine and land optical cables, and this will help facilitate the movement of international communications and will link the countries of Africa and Asia to Europe via Iraq.”
He stressed that such projects will have a "positive economic impact on Iraq by activating and investing in its geographical location."
For his part, Ali Yassin, Director General of the Iraqi General Company for Communications and Information Technology, explained that “the To Africa submarine cable is one of the most important strategic submarine cables that passes through more than 33 countries.”
He added that Iraq's joining this path will help increase Internet capacities.
The Iraqi Ministry of Communications stated that the new submarine cable project strengthens Iraq's geographical position and consolidates its success in international communications (transit) called (the Road of Civilizations), noting that the rate of international communications passing through Iraq has increased to more than (one terabyte) during the past two months. link
Construction of a modern bank in Sidekan at a cost of 1.4 billion dinars
As part of the Kurdistan Regional Government's efforts to improve and develop the banking system, the establishment of an advanced bank in the Sidekan area within the boundaries of the Soran Independent Administration is scheduled to be completed in the near future, to facilitate the completion of citizens' transactions.
The mayor of Sidekan district, Ihsan Chalabi, said in a statement to the Information Department in the regional government that "the process of establishing the modern Sidekan Bank is underway at a cost of 1.4 billion dinars, knowing that the completion rate has reached 95%," noting that "the establishment of this bank will contribute to strengthening the banking system in the region."
"The completion of the bank will provide a great service to the citizens of the judiciary and will save them a lot of time and expenses," he added.
A number of residents of the district confirmed that the bank "will be very useful because it will save them a lot of effort and time during their reviews of government departments and institutions in the cities of Soran and Erbil."
It should be noted that the Kurdistan Regional Government has taken important steps in the field of salary distribution and digitization of the banking system as by 2025, one million people will have their own bank accounts. link
What I can say is this: There is a load of pressure on Iraqis to remain quiet on what they are being told and what they are able to do at present.
They have their rate - and all I can say is it is close to rumors you are hearing (the low ones however not the huge double digit ones) They have been using this rate for some time in contracts (IN country) since the first of the year basically.
Iraq is waiting on the Treasury to give the go sign...and the Gazette issue is also being kept quiet - but remember it is not necessary for it to be published - beforehand, in order for us to know before we go.
Is it possible it will be before? Yes but not necessary. That is really all I can say without getting people in trouble and I refuse to do that.
Based on the main role of the Central Bank of Iraq in regulating, developing and advancing the financial and banking sector
With its various digital activities, technical and information operations, and its continuous endeavor to enhance cybersecurity and data protection and information related to financial and banking systems”
and to develop a standard framework and controls for developing resilience capabilities Cyber and levels of readiness to confront and respond to the effects resulting from risks, threats and cyber attacks “effectively”
and enhancing the flexibility of financial and banking institutions to cope with technical and information security disruptions Cyber crises, withstand these crises and recover from them in appropriate record periods, and ensure continuity of business and operations and banking activities.
In order to provide a comprehensive framework for organizing, developing and developing this sector in a way that is compatible with modern technical challenges and threats Increasing cybersecurity”
We attach a link to the document on cyber resilience controls for the financial and banking sector in Iraq Commitment to them in order to enhance the cyber resilience of your organizations.
We consider the controls, guidelines, procedures and measures contained in this document an important reference and basis for protecting infrastructure Technology, financial and banking systems” and contributes to enhancing your institutions’ readiness and flexibility in facing technical challenges Security and cyber threats, adapting to them, predicting their risks, containing them, and recovering from them quickly. And guarantee capacity To continue performing tasks and functions and providing services on an ongoing basis.
.. with respect.
Attachments:
- Cyber resilience controls for the financial and banking sector in Iraq in Arabic and English.
diamonds: Cancellation of Paragraph ( 5 / d ) of the instructions and standards for circulation and replacement of banknotes, and the counting and sorting mechanisms..For more click here https://cbi.iq/static/uploads/up/file-1719486275814.pdf
M/ Instructions and standards for circulation and exchange of banknotes, and mechanisms for counting and sorting
In addition to our Circular No. (34/4/9) dated 1/10/2024 - we would like to inform you of the cancellation of paragraph (5/d) of the instructions and standards.
Circulation and exchange of banknotes and counting and sorting mechanisms included (collecting the amount of (250) dinars on bank deposits About the counting and sorting operations for each bundle) and this will be implemented starting from the date of 7/1/2024.
PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain political –type picture is posted on Marks videos I will not show it. If Mark gets removed from YouTube for political opinions I will no longer transcribe any highlights. Thank you for understanding.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Coffee with MarkZ and Michael Cottrell Friday 6-28-2024
Member: TGIF Beautiful Z Family! Sending Much Peace, Love & Harmony
Member: I can’t believe how fast the weeks go by! It’s already Friday again!
Member: Good Morning. Is it Fantastic Friday or Freaky Friday? Lol
Member: Are we there yet-LOL.
MZ: With what I am hearing from the banking side…..this may be it. I am feeling exceptionally good as to where we are at right now.
MZ: News is pointing to right after July 4th from the banking side.
MZ: I continue to get similar things for between the 4th and the 15th out of Iraq. I am hopeful this is accurate
MZ: There is a lot of disinformation out there….Hang on and don’t ride the roller coaster.
Member: RV- I hope it’s real and we are not just being strung along.
MZ: When there is something real and actionable- I will share it. Hang on…We are watching it wind down to completion.
MZ: Bonds and CMKX and Prosperity packages are quiet. Lots of chatter about preparations- but no details are being shared right now.
Member: Frank 26 says Sudani has signed the budget
Member: Iraq has passed the 2024 Budget schedules into law and should be in the Gazette this weekend or next Wednesday.
Member: Wolverines says people are being paid , soon this will be over.
Member: My local bank in Georgia, United Community, as of Monday launched a new website with a digital platform and wealth management.
Member: I went to my bank yesterday and was told it would be closed for the next three days to change the system.
Member: Looks like most of the good news comes out of BRICS lately…..They have a lot of things happening.
MZ: Is BRICS to launch a Gold-Backed Currency this August?
MZ: “BRICS Gold Backed Currency to launch at 2024 Summit?” It is now widely suspected and anticipated that BRICS will announce the details if not the actual gold backed currency in August at the BRICS summit.
MZ: Will they give us the framework or the actual currency???? According to ministers in Russia, India and China…. – the new currency is ready and tested…..That could explain the 1300 tons of gold missing in China. It may have been tucked away to back the MBridge new currency. .
Member: I sure hope we are not waiting for the new BRICS currency for the reset/rv???
MZ: Japan is coming out with new currencies for July!
Member: I heard that we're waiting for the announcement from the USA to confirm the New USN gold backed currency.
Member: What is your gut feeling on when the RV may hit
MZ: My gut is screaming between now and the 15th.
MZ: I will be back stateside for July 4th to visit family and medical reasons…….Not because of the Potential RV. I would love to exchange while I am there though.
Member: Hoping your exchange dream for over the 4th comes true Mark….for us all.
MZ: As slow as Fridays are I may not do a podcast tonight. I need the rest.
Member: MatkZ, Mods and everyone! I wish everyone a blessed weekend!
Member: Still hoping, Wishing and praying this is our weekend.
Mr. Cottrell Joins the stream today. Please listen to replay for his information and opinions.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM