CandyKisses: The decision to increase the interest rate will activate the banking system inside Iraq
Information / Baghdad..
Today, Tuesday, the Parliamentary Finance Committee considered the decision of the Central Bank of Iraq to raise the interest rate for bank depositors as a correct direction towards revitalizing and organizing the banking system.
A member of the Finance Committee, Moeen Al-Kadhimi, said in a statement to Al-Maalomah, “The Central Bank’s decision to increase the interest rate falls within banking reform measures and in implementation of Prime Minister Muhammad Shia’a Al-Sudani’s directive to move towards organizing and revitalizing the banking system in Iraq.”
He added, “The decision to raise the interest rate will certainly encourage citizens to deposit in banks, which will stimulate financial movement and turn to investment projects, in addition to its positive repercussions by reducing the exchange rate of the dollar against the Iraqi dinar.”
Al-Kadhimi pointed out that “the Central Bank of Iraq is moving towards real automation in financial transactions inside Iraq.”
Yesterday, Monday, during the 31st session of the Ministerial Council for the Economy, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced raising the interest rate for amounts deposited in banks to 7.5% to encourage citizens to deposit their amounts in banks, and to withdraw the cash mass outside the banks.
Tishwash: At GITEX Global 2023, Huawei is focusing on employing technological intelligence solutions to develop the business of sectors and industries
Under the slogan “Advancing the wheel of technological intelligence,” Huawei’s participation in the “GITEX Global 2023” exhibition focuses on presenting its new innovations that aim to advance the wheel of digital transformation by taking advantage of the possibilities of employing artificial intelligence for the benefit of developing the future of business in various sectors and industries, including… It includes small and medium enterprises.
The company showcases an integrated set of advanced solutions and products that are compatible with artificial intelligence capabilities and aims to improve business outcomes by providing new mechanisms to accelerate reliance on artificial intelligence coupled with the capabilities of the cloud and advanced telecommunications networks, both wired and wireless, supported by the highest cybersecurity standards
Among the most prominent of the company’s offerings are digital energy solutions that support business efforts in fulfilling their obligations towards raising the level of green energy use and reducing the carbon footprint in line with the United Nations Sustainable Development Goals. Huawei is participating in the event as a gold sponsor, as well as the main sponsor of its cybersecurity program; GITEX Cyber Valley exhibition.
Today, artificial intelligence is moving towards radically changing the global economy, and has already begun to revolutionize many industries and sectors. It has also entered into basic production systems, and has already begun to provide greater business value, and it is expected that the adoption of artificial intelligence technologies will reach 20% by 2026 in major industries.
This technology has a great potential to create a qualitative shift in productivity and global competitiveness.
According to a global study conducted by PricewaterhouseCoopers on artificial intelligence, this technology is likely to contribute up to $15.7 trillion to the global economy by 2030.
Through its participation in the exhibition, Huawei highlights ways to integrate artificial intelligence into the foundations of sector operations to serve a variety of industrial scenarios that contribute to accelerating the stages of business growth and improving the quality of services at an unprecedented pace within various sectors, most notably public services, finance, oil and gas, and electric energy. , transportation, and Internet service providers
Stephen Ye, Huawei’s Regional President for the Middle East and Central Asia, said: “The new era of smart technologies powered by artificial intelligence is witnessing new horizons of opportunities for companies and specialized sectors in all countries of the region.
Huawei presents its latest innovations that contribute to unleashing the enormous potential and strategic opportunities provided by advanced digital technologies that can be combined with the features of artificial intelligence and the cloud in many business scenarios of various sectors. We provide this to our customers and partners in the region while ensuring that the ICT sector continues to operate in accordance with the highest international digital standards and standards and comprehensive cybersecurity practices. We will seek to build more bridges of cooperation to build the ecosystem in the region to advance technological intelligence and shape a smart future that benefits everyone.”
Huawei’s business ecosystem provides enterprises and enterprises in the age of artificial intelligence with powerful computing capabilities combined with fast and advanced wireless communications services that provide users with improved and smarter network services based on the new capabilities of artificial intelligence. During the event, the company will launch smart cloud networks coupled with superior connectivity capabilities that enhance the productivity of artificial intelligence.
Among the most important products it offers within this framework are the Huawei AirEngine 8771-X1T, Huawei CloudEngine 16800-X, and CloudCampus, all of which provide high-quality connectivity with speeds of up to 10 Gbps.
In the field of data storage, Huawei has worked to find solutions to the main challenges that hinder the process of developing and implementing applications with large models. The company’s F2F2X and OceanStor A310 all-flash storage products will provide solutions to meet the dynamic demands of modern storage in the age of artificial intelligence. The company also displays its innovative 5G fixed network solutions to support the adoption of smart technologies with high-speed networks within various sectors.
In line with achieving carbon emission reduction goals and encouraging higher levels of green energy consumption, Huawei is working to promote the “Zero Emission Workplace Framework” that helps companies evaluate their current performance and develop a roadmap for the transition to relying on clean energy sources, while meeting the growing demand for energy. Digital services, data processing, and commitment to a sustainability approach whose initiatives and programs are rapidly being implemented in countries of the region.
To meet the needs of supporting the business growth of small and medium enterprises in the region, Huawei is introducing for the first time at GITEX its new sub-brand dedicated to the distribution business, “HUAWEI eKit”, which aims to provide multi-use products and solutions to hundreds of millions of small businesses, small offices and home offices, taking advantage of… Huawei has more than 30 years of experience, innovations, and solutions in information and communications technology and digital transformation, especially in the field of networks, the most important of which is the fifth generation.
The Huawei Cloud business branch offers a wide range of solutions and products that are part of the “Everything as a Service” strategy, which is concerned with building the cloud foundations of the smart business system and offers unique features that combine cloud solutions, networks, peripheral devices, and advanced smart chips. One of the most prominent things Huawei is showcasing in this field is the Pangu 3.0 model, the pioneer in the cloud field, thanks to its unprecedented structure and capabilities that exceed its counterparts by ten times the capacity, as is the case with the Pangu Weather model for weather forecasting.
In this context, Dr. Zhou Zhangao, Vice President of Huawei Cloud’s AI sector for the Middle East and Central Asia, will deliver a keynote speech on “Pangu Models to Accelerate AI in Industry” on October 18 at the AI Theater in Hall 9 of the Dubai Trade Center.
This year, for the first time, Huawei will showcase in its pavilion its innovations in cybersecurity, which is considered one of the important pillars for the success of the process of adopting an approach to the digital future based on artificial intelligence, and provides a strong foundation for accelerating the pace of digital transformation . Within this framework, Jeff Wang, Vice President of Huawei’s Global Cybersecurity and Privacy Office, will deliver a keynote speech reviewing trustworthy cybersecurity engineering, standardization and certification of artificial intelligence.
In his speech, Alisius Chiang, Chief Security Officer, Huawei Middle East and Central Asia, also stressed the importance of having proper data-centric security governance in an era where data is considered the new oil, thus paving the way for unleashing the full potential of AI technology.
In conjunction with the UAE’s hosting of the COP28 Conference of the Parties this year and Huawei’s long-term commitment to sustainability, the company is showcasing the opportunities available through its business branch, “Huawei Digital Power,” for smart, green digital energy that aims to contribute to achieving the goals of carbon neutrality. Visitors can view presentations on the Zero Carbon Park, zero-carbon ICT infrastructure scenarios for data centers and critical energy, an on-site energy scenario, and solar, storage and electric vehicle charging infrastructure scenarios at Huawei’s booth at the exhibition.
This year’s edition of GITEX Global will be held from October 16 to 20 at the Dubai World Trade Centre. Huawei is displaying its solutions and products at the Huawei Pavilion in Hall 22, with the support of a group of its partners, most notably Enterprise Systems, Redington Gulf, Marvel Distribution, Mindware, Al Rostamani Communications, and Traffic Tech. link
Courtesy of Dinar Guru https://www.dinarguru.com/
Babysmom …WE WON’T KNOW WHAT THE RATES WILL BE UNTIL THE DAY WE EXCHANGE…MOST RECENT ANTICIPATED OPENING RATES AS PER RAY [Guru RayRen98] DONG .47… DINAR 3.81…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: News saying within 2 months the dollar exchange rate will stabilize. FRANK26: Remember they’re talking about November and December to get it done by January 1st. That’s the time period I believe we’re going to see a change because that’s what they tell the Iraqi citizens…In order to stabilize the dollar exchange rate you’re going to increase the value of the Iraqi dinar.
************
More dinar exchange
Nader: 10-17-2023
