Al-Sudani confirms the government's support for the Iraqi Media Network and enhancing professionalism in the media , 12 AUGUST

 8/11/2024

Prime Minister Mohammed Shia Al-Sudani affirmed, today, Sunday, during his reception of the head of the Iraqi Media Network, Karim Hammadi, the government's support for the network's work and enhancing professionalism in the Iraqi media environment.

 The Prime Minister's media office stated in a statement, a copy of which was received by NRT Arabic, that "Al-Sudani received Hammadi and listened to a briefing on the reality of the network's work, the challenges facing national media work, and the role of the network's channels and windows in providing an objective and fair media service to the Iraqi citizen, reflecting the true picture of the performance of government agencies in various fields."

 The statement added that the Prime Minister stressed "the government's support for the Iraqi Media Network and its tasks in promoting professionalism within the democratic and constitutional framework, and supporting all media efforts to provide information and preserve Iraqi moral and social values ​​and constants."

The statement indicated that Al-Sudani stressed "providing support to the Iraqi Media Network to host the fourth session of the Arab Media Conference, scheduled to be held in the capital, Baghdad, next April, under the auspices of the Arab States Broadcasting Union, affiliated with the League of Arab States."  LINK

LATEST FROM PIMPY, 12 AUGUST

 Pimpy  

There's no rate exchange out there that's even above $3.50, nowhere out there, not even the Kuwait dinar...$3.25...I think theirs is the most valuable so how is somebody going to give a $7.00 exchange rate?

Pimpy 

 Iraq is still treading forward.  I'm curious to hear the news about what's going on with Alaq and what they find out because what they're reporting is not all peaches and cream.  But apparently he is still there working so it can't be all that bad IMO...

 Pimpy 

  Alaq, all kinds of crap coming out about him...Seems to me they were hip to what was going on damn near a year ago and this would explain whey there's so many restrictions taking place with the Iraqi Bank as well as other banks in Iraq and why it is that the United States felt like they had to take up a whole entire floor inside the Central Bank of Iraq...

The Central Bank of Iraq was forced to allocate an entire floor to the US Treasury department to  monitor money transfer operations and prevent any illegal activities.  Talk about a very clear violation of Iraq's sovereignty.   This is how bad ..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/rv-update-by-pimpy-11-august.html

US Treasury Takes Over As Acting CBI Gov?🚩Will This Force RV/RI?🤔Dinar R...

Parliamentary Committee to Nina: A government team is preparing a new draft of the Oil and Gas Bill , 12 AUGUST

 8/11/2024

The Parliamentary Oil, Gas and Natural Resources Committee revealed the fate of the oil and gas bill that has been stalled since successive parliamentary sessions.

The Vice Chairman of the Committee, Nahro Mahmoud Qader, stated in a statement to the National Iraqi News Agency ( NINA ): "The oil and gas bill has not reached the corridors of the House of Representatives yet, and has not been presented for discussion within the Council of Ministers yet."

He added: "No new draft of the bill has reached the House of Representatives at the present time," indicating that "Prime Minister Mohammed Shia al-Sudani has assigned a" tripartite ministerial team "to prepare a new final draft that will be presented first within the Council of Ministers for approval, and then sent to the House of Representatives later," ruling out at the same time that this law will be legislated during the current legislative session of the House of Representatives. LINK

LATEST FROM MNT GOAT, 12 AUGUST

 Mnt Goat 

 WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions. This as I am told is from the pressure of the Feds and the US Treasury. ...As far as timeframes, my [CBI] contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels.

Mnt Goat 

  My CBI contact said...that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final...The news media ran off half cocked with the story... She said let’s wait and see what happens to Mr. Alaq. 

 If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon...

  She [CBI contact] thinks he will remain as the proxy director for a period more...  I believe he does...have   the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors...Let’s see what happens

Article:  "PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD
PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS"

 Quote:  "the government must work on amending and adding new paragraphs to the
law..."   WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far...for read more: 

https://dinarevaluation.blogspot.com/2024/08/latest-from-mnt-goat-10-august.html

Brink Of Civil War? '50 Years Of Severe Conflict' Ahead | Sir Paul Collier

"BUS TOUR... I'LL EXPLAIN ON MONDAY." BY FRANK26, 11 AUGUST

 KTFA

FRANK26: "BUS TOUR... I'LL EXPLAIN ON MONDAY."..............F26

JPMorgan Chase Supports Employees with AI Software from OpenAI

8/10/2024

 

JPMorgan Chase has rolled out a generative AI assistant to tens of thousands of its employees in recent weeks, the first phase of a broader plan to integrate the technology across the sprawling financial giant.

The software, called LLM Suite, is already available to more than 60,000 employees, helping them with tasks like writing emails and reports. It’s expected to eventually be as ubiquitous across the bank as video conferencing software Zoom, people familiar with the plans told CNBC.

Rather than developing its own AI models, JPMorgan designed LLM Suite to be a gateway for users to tap into large external models — the complex software that powers generative AI tools — and launched it with LLM from OpenAI, the maker of ChatGPT, according to the people.

“Ultimately, we want to be able to move seamlessly across models based on use cases,” Theresa Heitzenreither, JPMorgan’s head of data and analytics, said in an interview. “The plan is not to commit to a specific model of service providers.”

The move by JPMorgan, the largest US bank by assets, shows how quickly generative AI has spread across US businesses since ChatGPT arrived in late 2022.

 Rival bank Morgan Stanley has already released a pair of OpenAI-powered tools for its financial advisers.

Tech giant Apple said in June it was integrating OpenAI's models into the operating system of hundreds of millions of its consumer devices, significantly expanding its reach.

LINK