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Samson: Al-Kinani: Iraq owes “84” countries and an external and internal bank

17:49 – 04/14/2021

The economic expert, Nasser Al-Kanani, revealed, on Wednesday, Iraq’s debt to more than 84 parties, between organizations, countries, and external and internal banks, indicating that Iraq pays annually the debts of 17 trillion dinars.

Al-Kinani said to / the information / that “Iraq was overwhelmed by debts, and new debts were added to it in 2021 and debts in 2020, which increased the amount of repayment to Iraq every year.”

He added that “the total sum of what Iraq pays annually to their debtors amounts to more than 17 trillion dinars between debt installments and the interest that accrue from those debts.”

Al-Kinani explained that Iraq owes more than 84 countries, banks and international banks, and internal debts that are required to be paid in annual installments.”

He stated that “the decline in oil prices in the past three years is behind the collapse of the Iraqi economy and the large number of debts, since the Iraqi economy is mainly dependent on oil.” LINK

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Samson:  Huawei is participating in the Iraq Vision 2030 by supporting the digital economy and ecosystem

14th April, 2021

Charles Yang, President of Huawei in the Middle East, gave reporters a brief overview of the developments of the company’s business at the regional and global levels, following the release of Huawei’s annual report for 2020 and the announcement of the details of the company’s financial results. He stressed the great strategic importance of the Middle East region for Huawei’s international business, pointing to the company’s commitment to growth and development opportunities in all countries of the region and the promising opportunities provided by digital transformation in support of national development visions and goals

Yang stressed that innovation is the only way to meet the demands of a more sustainable future centered around digital technology in Iraq. Huawei is currently working with its partners to provide joint innovation opportunities that include developing a distinct pool of talent capable of harnessing the potential of digitalization and accelerating national development

Yang said, “The Middle East region has witnessed rapid progress in terms of digitization over the past world, as the global Internet recorded a 50% growth in its activity during the pandemic.

Consequently, the ICT sector has a fundamental responsibility to provide new social and commercial value to governments.” Institutions and individuals, and we, in turn, are fully committed to providing this value by providing 5G technologies to support major events such as the Hajj season in the Kingdom of Saudi Arabia, and we are cooperating with governments to support mega events such as Expo 2020 Dubai in the United Arab Emirates and the FIFA 2022 FIFA World Cup. In the State of Qatar, we will certainly continue to drive innovation to ensure that we provide our customers with more value and support the economic recovery and social progress of the countries of the region

For this purpose, Huawei spent the past year enhancing its operations and upgrading its competencies despite the difficult challenges in the global business environment, which resulted in significant growth in revenues and profits during the year 2020. Yang explained that this is partly due to Huawei’s continued focus on research and development. And joint innovation programs in the fields of fifth generation technologies, artificial intelligence and cloud computing, as the company has established 13 OpenLabs around the world to support the efforts of open cooperation to achieve mutual success

In particular, 5G technologies have made remarkable progress that has exceeded expectations. By the end of 2020, more than 140 commercial networks operating with 5G technologies were implemented in 59 countries and regions, and the number of subscribers around the world exceeded 220 million. Globally, the number of fifth-generation networks and stations has exceeded the number of fourth-generation networks and stations at a rate of six times in the first year alone, and the number of their users has grown 500 times faster.

For its part, the Middle East region has become a world leader in 5G technologies. In just 19 months, the number of its users exceeded the threshold of 200 million users, while 4G technologies took twice that time to reach this number, and expectations indicate an accelerated growth in the number of fifth generation users

Huawei is a major partner for telecom companies and major institutions in deploying 5G solutions in the region, thanks to early and intensive investments that the company has devoted to the areas of research and technical development. The company started its research on the fifth generation in 2009 and has invested about 4 billion dollars in this area to date. Moreover, Huawei’s investment in research and development has exceeded $ 110 billion over the past decade. In 2020, Huawei’s operator business group has helped ensure stable operations for more than 1,500 networks across more than 170 countries and regions during the lockdown periods imposed by the COVID-19 pandemic

Yang added, “The Middle East has always been one of the most important regions in terms of the huge and large-scale projects it is witnessing, which technology can play a pivotal role in supporting, and this is evident in the rapid development of 5G networks that has exceeded expectations. Computing power can also play a major role in empowering companies when they combine 5G technologies. Today, the Middle East region enjoys unprecedented levels of connectivity and connectivity in its history

According to a report issued by the International Data Corporation, total spending on information and communication technologies in the Middle East, Turkey and Africa region is expected to return to its activities in 2021 after the contraction in 2020, to achieve positive growth exceeding the $ 209.5 billion barrier

To meet the needs of these ambitious projects, Huawei believes that there is still a need to develop a comprehensive system to upgrade the capabilities of local talent. In the aftermath of the pandemic, it has become imperative to review knowledge exchange platforms and launch new programs. Yang referred to the online learning platform “LearnOn” launched by Huawei in the Middle East region last year, and more than 35,000 trainees have benefited from its services to date. Yang confirmed that Huawei intends to continue investing in programs similar to the “Seeds for the Future” initiative and “Huawei Information and Communication Technology Competition”, as well as in Huawei ICT academies and technical laboratories financing plans, to upgrade the capabilities of 70,000 talents in the field of information and communication technology and build 100 Joint innovation centers in the Middle East by 2025

Yang added, “Cooperation has become more important than competition in our contemporary digital economy, and we must all contribute to empowering others and developing their capabilities. Therefore, Huawei adopts a philosophy that does not compete with peers or partners in order to achieve material profits, as the issue is not about winning one of us in return.” The loss of the other. The prosperity of our company is based on openness, cooperation, mutual success, meeting realistic needs and providing real value. Therefore, we will always strive to encourage broader cooperation between the sector, governments and academia to contribute to building a bright future through innovation

Huawei realizes that the shared responsibility towards cybersecurity calls for encouraging cooperation, which is why the company is working closely with governments, security experts and institutions across the Middle East region to contribute to the development of cybersecurity and privacy protection systems

In this regard, Yang pointed out: “Cyber security and the protection of privacy are at the top of our list of priorities, but cybersecurity is a matter that calls for cooperation among all and is not a problem facing a single company or country. , Huawei did not encounter any cyber security incidents of major. to ensure the highest degree of transparency and mutual cooperation, we are pleased always the signing of cooperation in the areas of cyber security with government agreements and customers in the Middle East, to forget us to work together to improve the prospects of technology and digital transformation together with our customers and partners

Huawei had recently released its annual report for the year 2020. The report stated that the company’s sales revenue in 2020 approached about $ 136.7 billion, a growth of 3.8% compared to 2019, while its net profit reached $ 9.9 billion, an increase of its percentage. 3.2% compared to 2019. To date, more than 700 cities and 253 companies in the list of the world’s 500 richest companies have chosen Huawei as their partner in their digital transformation processes   LINK

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