EdgeNext and Commercis announce Partnership for Iraq Expansion
Cloud infrastructure and edge computing services company EdgeNext has announced a strategic partnership with Commercis, a UK-based connectivity, cybersecurity, and innovative IT solutions provider.
According to a press release, this collaboration will enable the expansion of EdgeNext's cloud delivery services throughout Iraq, "bringing transformative improvements to the country's digital landscape."
It continues:
"This partnership will integrate Commercis's regional infrastructures with EdgeNext's global network of over 1,700 edge nodes. Together, the companies will deliver high-performance content delivery, cloud security, and low-latency services to enterprises and public sectors across Iraq.
"One of the key elements of this partnership is cloud gaming in Iraq, which will provide exclusive access to globally leading gaming platforms, enhancing the gaming experience for users in the region.
"The cloud gaming will be supported by EdgeNext's gaming platform, with Commercis's extensive regional infrastructure offering scalable rack space and reliable connectivity to key data centers across Iraq, ensuring seamless access to global gaming services." link
😊 Does the CBI have a time table to their plan of reforms and are they following it?
If you kindly go read the article titled “MINISTER OF FINANCE STRESSES THE NEED TO ADHERE TO TIMETABLES TO ACHIEVE ECONOMIC REFORMS”
Finance Minister Taif Sami Mohammed stressed, on Thursday, the need to adhere to timetables to achieve economic reforms. Oh… Gee Whiz!
Didn’t my CBI contact tell us that there is a timetable and that they are now targeting early 2025 for the reinstatement.
Everything they are doing from now to the end of year is geared towards this target is on a timetable.
Is this why they are also now setting up these cash centers with only less than a month prior to the US elections? Do you see it yet? Come ‘on you have to see it now!
Parliament Reveals The Secrets Of 6 Qualitative Strikes Against Currency Counterfeiting Networks In Iraq - Urgent
Economy / Security |Today, Baghdad Today - Baghdad The Parliamentary Security and Defense Committee revealed, today, Monday (October 21, 2024), the secrets of 6 qualitative strikes against currency counterfeiting networks in Iraq.
Committee member MP Yasser Iskandar said in an interview with Baghdad Today, "Counterfeiting currencies, whether foreign or local, has serious repercussions on the economy. It drains people's savings and creates a state of mistrust, especially since counterfeiting operations have taken on a dimension of precision and professionalism because the networks involved in them cross borders, meaning that there are international mafias with multiple addresses."
He added, "The Ministry of Interior succeeded, through exceptional efforts, in directing 6 qualitative strikes against currency counterfeiting networks in Iraq during 2024, and contributed to the arrest of many of its leaders and the seizure of large sums of money that were on their way to marketing."
Iskandar pointed out that "counterfeiting crimes are low compared to previous years, in addition to awareness messages, which have begun to bear fruit through checking currencies and reporting counterfeit ones directly by stakeholders, whether banking or companies, reaching the ordinary citizen, and this reflects important awareness."
On Saturday (October 19, 2024), financial and economic expert Alaa Al-Fahd revealed the authorities responsible for protecting the Iraqi currency from counterfeiting and its spread in the markets.
Al-Fahd told Baghdad Today, "The mission of the Central Bank of Iraq is to issue currency and maintain monetary policy and coordination in this field. As for the issue of counterfeit currency, this is the responsibility of the specialized executive government agencies. The bank's goal when it issues its currency is to work on finding ways to protect this currency from counterfeiting, and this matter exists in all countries of the world."
He added that "the issue of gangs and currency counterfeiting mafias is not within the tasks and duties of the Central Bank to confront, even the issue of currency smuggling is not within the Bank's tasks," indicating that "these issues are the responsibility of the specialized executive government agencies, including the security agencies, and for this reason the Central Bank of Iraq always works to coordinate with those government agencies in order to preserve the Iraqi economy and currency."
The expert confirmed that "even the dollar is a counterfeit currency, not only in Iraq but in most countries of the world, and this is not the responsibility of the Central Bank of Iraq, but rather the responsibility of the specialized executive government agencies." LINK
For the past 3 months, you have heard me talk about Credit Valuation Adjustments.
The Banking System is still working on them through the different new tools and new policies you have heard me speak of in this room.
Each of these tweaks to the new Financial System will make it possible for us to eventually see new values placed on our currencies because of these tweaks.
We have more to go through before the end of the year, and these will create the paths we need to see in the world of currencies to make it possible for them to change values.
When you change the values you hold to be true, the paths you seek begin to seek you.
Money and business Economy News – Baghdad Economic expert Nabil Al-Marsoumi confirmed that there is an actual deficit in the 2024 budget, part of which was covered through domestic borrowing, deducting remittances, and issuing bonds.
According to the Central Bank data, the total domestic public debt in Iraq increased from 70 trillion dinars in January 2024 to 80 trillion dinars in October 2024, at a rate of one trillion dinars per month and a growth rate of 14%, which means that there is an actual deficit in the 2024 budget.
The government’s three-year budget in 2024 allowed for obtaining 5 trillion dinars through transfers deducted from the legal reserve of government banks and borrowing 3 trillion dinars from government banks, in addition to issuing national bonds worth 5 trillion dinars and deducting treasury transfers at the Central Bank of Iraq worth 20 trillion dinars. https://economy-news.net/content.php?id=48964
