Friday, June 28, 2024
Iraq signs a contract with Saudi Arabia to build a submarine cable to increase internet capacity, 28 JUNE
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, 28 JUNE
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
"RV UPDATE" BY BIRDIEORBUST, 28 JUNE
@Birdieorbust:
6.28.24
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.
Cyber Resilience Controls For The Financial And Banking Sector In Iraq, 28 JUNE
June 26, 2024 diamonds: Cyber resilience controls for the financial and banking sector in Iraq .. For more, click here https://cbi.iq/static/uploads/up/file-171939700326129.pdf
https://cbi.iq/news/view/2607
~~~~~
[Approximate and incomplete translation of first two pages of 48 page
https://cbi.iq/static/uploads/up/file-171939700326129.pdf ]
All banks
All electronic payment service providers
Cyber Resilience Controls for the Financial and Banking Sector in Iraq
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.
https://cbi.iq/static/uploads/up/file-171939700326129.pd
Modify instructions
June 27, 2024
Modify instructions
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
https://cbi.iq/news/view/2608
~~~~~
[approximate and incomplete translation of https://cbi.iq/static/uploads/up/file-1719486275814.pdf]
All approved banks
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.
with respect.
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