Samson: Interesting that this appeared on an Iraqi news site

Vietnam’s foreign exchange reserves exceed 60 billion

11:00 – 31/03/2018

Vietnamese Prime Minister Nguyen Xuan Fuk said Friday that the country’s foreign exchange reserves exceeded 60 billion dollars.

The country’s foreign exchange reserves have seen steady growth in recent years, supported by strong exports.

According to Reuters, “the government announced a trade surplus of 1.3 billion dollars for the first quarter of 2018.

“We are trying to improve the business environment in Vietnam and aim to make it one of the most positive and competitive business environments among ASEAN countries,” Fok said in a speech at a regional economic summit in Hanoi, referring to the Association of Southeast Asian Nations.

The prime minister reiterated that the government plans to reduce the corporate income tax rate to 15-17 percent from 20-22 percent now.    LINK


Samson: This is appearing on news sites again today

Central Bank confirms the existence of coordination to open an Iraqi bank branch in Saudi Arabia

31st March, 2018

Iraqi central bank governor Ali al-Alaq said on Saturday that there is coordination between Baghdad and Riyadh to open a branch of the Iraqi Bank for Trade in Saudi Arabia in order to achieve a strategic partnership in the economic, trade and investment fields.

“The monetary relations between Iraq and Saudi Arabia are good, and soon a branch of the Iraqi Bank for Trade in Saudi Arabia will be opened in order to facilitate the trade exchange between the two brotherly countries,” Allak said in a press statement.
He added that “Saudi Arabia will also decide to open a branch of one of its banks in Iraq soon, which will promote economic relations between the two countries.”   LINK


Samson:  Baghdad agrees for new American university to be housed at Water Palace

31st March, 2018

The US-led coalition used Al Faw Palace in Baghdad to house ‘Camp Victory’ during the invasion

ERBIL, Kurdistan Region — Baghdad has selected Al Faw Palace as the location for the American University of Iraq – Baghdad (AUIB), a facility originally built by Saddam Hussein, then used by the US-led coalition as a camp following the invasion.

Ali Razzouqi Hussein, a director for private education in Iraq’s Ministry of Higher Education and Scientific Research, announced that Baghdad received official approval for the location of the campus at Al Faw, which is also called the Water Palace.

According to job postings by the university, it will open in September 2018.

“A city within a city, AUIB will provide a unique and comprehensive experience to our students and staff, not only in education but also campus living. We are proud to have this amazing location, self-contained campus which provides a wide range of facilities and services that caters to the university community as a whole,” the university self-described.

With renovations underway, the facilities will first house a College of Law, College of Medicine, College of Arts and Sciences, and College of Business.

The complex is about 5 kilometers from the Green Zone.

Some of Saddam’s palaces were destroyed during the US-led invasion in 2003, while others like Al Faw were spared and have been used by the coalition.

In March 2017, US Ambassador to Iraq Douglas Silliman and Iraq’s Higher Education Minister Abdul Razzaq Abdul Jalel al-Essa agreed to take steps to open an American university in the capital.

There are two American universities in the Kurdistan Region: the American University of Iraq – Sulaimani (AUIS) and the American University of Kurdistan – Duhok (AUK). They were established in 2007 and 2014, respectively.

Micheal Mulnix will be the first president. He also was the first president at AUK. He holds a doctorate from the University of Maryland and a master’s degree from the University of Notre Dame.

He met with Essa in February in Baghdad, where they discussed fields of study to be offered, foreign administration, educational staff, and other requirements, according to a statement from the higher education ministry.

AUIB is meant to be “a world-class institution of higher learning established in the city, reminiscent of the days when Baghdad was an educational mecca and the flourishing capital of the Muslim world,” according to the university.   LINK