Ali Al-Alaq to Shafaq News: Wait for a decrease in the exchange rate of the parallel dollar
The Governor of the Central Bank of Iraq, Ali Al-Alaq, expected, on Tuesday, a decrease in the parallel dollar exchange rate (the market price and local exchange rates) during the coming period.
Al-Alaq told Shafaq News agency, "The Central Bank has launched several packages of measures, and the packages that have been launched are being dealt with seriously to control the exchange rate of the parallel dollar."
Al-Alaq indicated that "the central bank's measures are continuing to control the exchange rate, and we expect a decline in the parallel exchange rate."
The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.
And the Central Bank of Iraq issued three reform packages, which it said came with the aim of addressing the rise in dollar exchange rates.
Despite the procedures of the Central Bank and its approval of the exchange rate of 1132 dinars to one dollar, but the exchange rates of the dollar still range in the markets between 1155 and 1158 dinars to the dollar.
Iran expects an improvement in its currency after "financial understandings" with Iraq and the UAE
Shamkhani: The achievements of the visit to Beijing and Abu Dhabi behind the Baghdad trip
Tehran expects an improvement in the value of the Iranian riyal, after it reached understandings allowing the use of the dirham in its commercial exchanges with the UAE, as well as the recovery of Iran's dues to Iraq for exporting electricity and gas, according to Ali Shamkhani, Secretary-General of the Iranian National Security Council.
Upon his return from the Iraqi capital, the highest Iranian security official said that the "remarkable achievements" made by his visits to China and the UAE were behind the decision to continue this course through his visit to Iraq, speaking of reaching a new mechanism to pay Baghdad's debts to Tehran.
Yesterday, Shamkhani explained the results of his recent visits to Baghdad, Abu Dhabi and Dubai, following his return from Beijing with an agreement with Saudi Arabia to resume diplomatic relations.
On March 10, Iran and Saudi Arabia announced the resumption of their diplomatic relations, severed since 2016, within two months, following unannounced negotiations hosted by China over a period of 4 days.
Shamkhani stated that he had concluded agreements with Emirati officials to facilitate trade between the two countries, through the use of the dirham, stressing that he had agreed with the Emirati side to improve the conditions of the Iranian currency market.
He explained that "raising the problems of Iranian merchants related to foreign currencies was another step, in addition to the agreements we reached with Emirati officials to improve the conditions of the currency market in the country."
With regard to Iraq, Shamkhani said that one of the steps on the economic level was in Baghdad, where the two parties agreed on a new mechanism for spending Iranian assets frozen in Iraq under US sanctions. According to the Iranian official, it was decided that this money would be used to purchase basic commodities.
Shamkhani was accompanied on his trip by the governor of the Central Bank of Iran and officials from the economic, political and security sectors. The Iranian official said that during his intensive talks with Iraqi officials, "we were able to reach common and effective solutions regarding removing some obstacles in the way of comprehensive cooperation."
Shamkhani described the signing of the security agreement between Baghdad and Tehran, to control security at the borders of the two countries, as a "very important event." He said, "By signing these agreements of various dimensions, the two countries will try, with a specific plan, to eliminate the evil of the counter-revolutionary groups, which are taking anti-security measures against Iran from the Kurdistan region."
The Iranian government’s media website quoted Shamkhani as saying: “Visits to China and the UAE, by order of the president, and with political, economic and security goals, resulted in great achievements. Accordingly, it was decided to continue this path by visiting Iraq.
Iranian Foreign Minister Hossein Amir Abdollahian had said in a press conference that Shamkhani's trip to Iraq and the UAE was scheduled 4 months ago, and was dominated by security, and that it "came these days by chance," accusing some internal parties of seeking to provoke duplicity in foreign policy. Abdullahian pointed out that "what is happening in foreign policy is in full coordination with senior officials in the system, the person of the President of the Republic, the Ministry of Foreign Affairs, the Secretary-General of the National Security Council and other agencies that have somewhat self-duties in foreign policy."
In a parallel context with Shamkhani's statements, Iranian media quoted the governor of the Central Bank, Mohammad Reza Farzin, as saying, "With the breakthrough that was achieved during the UAE visit to facilitate trade between the two countries, using the currency of the dirham, and the breakthrough in Iraq, it is certain that the currency market and the exchange market will witness Well, the new year, which starts today.
Farzin told reporters, "We had a good and influential meeting with Iraqi Prime Minister Muhammad Shia' al-Sudani," noting that al-Sudani gave "instructions to the governor of the Central Bank of Iraq," without elaborating on the details. And Farzin indicated that he held a meeting that lasted 3 hours with the governor of the Central Bank of Iraq and the CEO of the Trade Bank of Iraq, and he said: “We have large reserves from selling oil and gas in Iraq, which are intended for basic commodities in our country, but some of the delays that occurred caused problems.” ships transporting these goods.
According to Farzin, the two sides discussed expediting the payments and following them up. He said, "It was decided to hold continuous meetings to follow up the business on a daily basis to solve the problems of traders and importers of basic commodities," according to what was reported by the state-run Mehr news agency.
Hours before Nowruz, the price of one dollar in the Iranian duty-free market reached 494,000 riyals, according to Bonbast.com and Bazaar360.com. This was after the Iranian riyal compensated for some of the losses it incurred over a period of a month and a half, after announcing an agreement between Iran and Saudi Arabia, as well as a decrease in tension over the nuclear program after the International Atomic Energy Agency and Tehran announced a new agreement to resolve outstanding issues.
The riyal had risen to 447 thousand against the dollar on March 11. The riyal fell to a record low of 601,500 per dollar in late February, but rebounded in March. With annual inflation running at more than 50 percent, Iranians are trying to protect the value of their savings by buying foreign currency or gold.
According to Reuters, the rial has lost nearly 30 percent of its value since nationwide protests began in September, following the death of a young Iranian-Kurdish woman while in police custody.
Foreign exchange traders say the rial's decline stems in part from the unrest, as well as Iran's increasing isolation in the face of Western sanctions over its human rights record and Russia's use of Iranian-made drones in Ukraine.
Parliamentary investment: a number of amendments that will occur in the investment law in the country
The Parliamentary Investment Committee revealed that amendments will be made to the National Investment Law.
Parliamentary investment: a number of a committee member Muhammad al-Ziyadi told the Euphrates News Agency: "Iraq's need for housing investment is not urgent, especially since there are a number of amendments that will occur in the investment law in the country."
He added, "Iraq needs investment in the agricultural structure, both animal and plant, as well as investment in the industrial sector, as these are sectors that really need development."Amendments that will occur in the investment law in the country
The Central Bank announces work on preparing a lending strategy and recommends drawing up a plan to attract deposits
Today, Monday, the Central Bank of Iraq announced the size of the lending amounts within its initiatives for projects, and while confirming that it stimulated the economy in solving the housing problem, it revealed work on preparing a lending strategy .
The Governor of the Central Bank of Iraq, Ali Al-Alaq, said in a speech at the conference to activate the lending programs in Iraq, which was attended by the correspondent of the Iraqi News Agency (INA): “We extend our thanks to the Association of Banks and the American Agency for Development for keeping pace with the banking sector and attempts to advance it and push it with directions that achieve the desired goals.” of the Iraqi economy.
Al-Alaq added, "Bank lending represents the main pillar in the work of the banking sector, whether with regard to its revenues, profits, and operation, or with regard to economic activities in all its forms."
He pointed out that "the Central Bank was a pioneer in stimulating the lending capabilities of the banking sector, as we launched in 2015 an initiative, perhaps the largest in the history of Iraq, and it was represented by the allocation of 5 trillion dinars for industrial, agricultural and housing projects, as well as a trillion dinars for small and medium projects," noting that "this initiative It was able to greatly stimulate the Iraqi economy, whether at the level of some projects or in solving the housing problem by providing lending to the housing sector.
He pointed out that "the amounts that have been lent so far amounted to about 13 trillion dinars, which is a very large amount," adding, "We are now in the process of evaluating these initiatives, benefiting from lessons, putting them in the right directions, and focusing them on specific goals."
He continued, "There will be a great focus in the next phase on financing small and medium enterprises, as well as with regard to projects or loans related to renewable energy in an attempt to contribute to the Central Bank in facing climate challenges and the field of clean energy."
He stressed, "Stimulating the banking sector towards enabling it to lend policies should not depend on the central bank, because this role of the central bank is an exceptional role dictated by some circumstances, but the first and foremost is that the banking sector is able by itself to assume and provide lending capabilities by bringing deposits and through his own financial capacity.
Al-Alaq continued: "We will soon work on developing a national strategy for lending, and I presented the paper last month when I was outside the central bank, but realizing the importance of bank lending, I presented a paper at a conference at Al-Mustansiriya University on building rules for lending policies or the national strategy for lending."
And he indicated that “these are very important and national issues because the issue of lending is not only related to the financial capabilities of banks, but rather is related to the work environment and its regulatory and legal conditions and many factors that fall outside the banking system, so it will be a joint strategy presented to the government and other parties to be a matter of their participation in supporting This plan is to provide the necessary decisions and procedures for its success.
And he stated, "I shed light on some signs that we must focus on in the next stage, which is that the ability of banks to lend depends on their ability to bring in deposits, and this is the role of the banking sector balancing between deposits and lending," explaining that "indicators and data indicate that the banking sector It has reached the highest ceiling for lending because the percentage specified according to the instructions of the Central Bank is 70% of deposits, and the banking sector has almost reached this percentage, which requires that there be great efforts to attract deposits to the banking sector.
And he added, "A lot talks about the limited bank lending, so that we do not blame the banking sector only because these are the capabilities available to it, which requires that there be a comprehensive and broad plan to attract deposits so that the banking sector can mobilize them towards granting loans."
And he continued his speech: “We have more than 70 trillion dinars outside the banking system for circulation, and this is a very large amount and represents a high percentage of the gross domestic product, so we must focus in the next stage on finding the necessary means to activate the deposit movement through several procedures in this regard, after that We have completed the development of a comprehensive and broad plan for electronic payment strategy to expand the connection between these funds that lie outside the banking system and their uses, which can be large and wide in the event that these funds are attracted to the banking sector.
The Governor of the Central Bank called on the banking sector to “be a key partner with the Central Bank in what it will do in terms of providing electronic payment methods on a broad national level,” adding: “Also, among the matters that fall on the banking system in this regard and direction, It is a review of banking services in quantity and quality, because banking services have come a long way despite the short life of some banks, but some of them have reached advanced stages and others still need to upgrade the level of banking services in different types and in the way of presentation.
He noted that "one of the remarkable things is that the survey conducted by the Arab Fund to study the public's reluctance to deal in the banking sector, and contrary to expectations, the first reason was that the services are complex and not readily available to citizens in the banking sector, and this is an existing fact and needs to mobilize the banking system to lend to the citizen." And provide the necessary services with the best methods and techniques, and unfortunately he noticed that the citizen in some bank branches as if he is reviewing a complex administrative department or a court in the way of depositing or withdrawing amounts.
He pointed out that "the Central Bank issued a wide circular to the banking sector in this field, and it will be the focus of our attention and field monitoring of banking services and the extent to which they keep pace with the standards and achieve the goals that we referred to."
He continued his speech: "One of the issues that we call for to reduce the risk of borrowing due to the high rates is the failure to pay debts, and we will present the project to establish a loan guarantee company, and this is very important and provides a large amount and high flexibility for the banking sector to provide loans."
He stressed that "the banking sector needs more geographical spread," adding: "We commend some of the banks that have extended to wide networks inside Iraq, and we call on other banks to strengthen this spread in the regions of the country."
And he warned that "in order to reduce risks with regard to lending and in order for there to be a balance in sectoral growth, the credit portfolio or loans must be diversified, and this constitutes safety for the banking system and a balance in sectoral growth, and we note that there is a discrepancy in this area and this requires taking into account Consideration, and the best evidence of that collapse suffered by the Silicon Ghali Bank, due to a very clear reason, which is the credit concentration in a specific sector, and this was the main reason for the collapse of the bank.”
And he stressed that "the sectors in Iraq need stimulation, growth and construction, so focusing on a specific sector should not be the goal and the final result of bank loans, as happened now. It's still at its lowest point."
He concluded by saying, "We need to build a national strategy for bank lending, led by the Central Bank and presenting it to the private banking sector to express observations and opinions, and then we start working on it in order to achieve the aforementioned goals."
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Central Bank: We have more than 70 trillion dinars outside the banking system for circulation
this is from Kurdish news
State of Law: Approval of the budget may take two months
The representative of the State of Law Coalition, Firas Al-Maslamawi, suggested, on Monday, that the Iraqi parliament needs approximately 60 days in order to pass the budget law.
Al-Maslamawi said in an interview with the information agency, "There is almost unanimity to pass the budget law, but this does not preclude the presence of observations and amendments in the budget paragraphs to serve the Iraqi people, and we will review all paragraphs and compare them with the ministerial curricula and the government program, and we are definitely facing amendments."
He added that "Parliament needs at least two months to pass the budget in line with the aspirations of the Iraqi people," noting that "the law may open differences between political parties over some paragraphs of the law."
He noted that "Parliament will not delay in approving the law and will work to study it through its constitutional powers and in a way that serves the public interest."
The representative of the Al-Fateh Alliance, Salem Al-Anbuge, considered in a previous interview with Al-Maalouma Agency that challenges in the general budget law require careful and extensive re-reading before voting on it, which is the current price of a barrel of oil, its suitability for changes in the global market, and the size of the fiscal deficit, which is the largest compared to the rest of the budgets.
An Iraqi association launches the first financial electronic application in Iraq related to humanitarian work
Today, Tuesday, the United Iraqi Medical Society for Relief and Development announced the launch of the first financial electronic application in Iraq related to charitable and developmental humanitarian work.
The head of the organization, Ahmed Musharraf Al-Hiti, said in a speech during a conference launching the first financial electronic platform in Iraq, "We are meeting today to launch the first financial electronic application related to humanitarian, charitable and developmental work in Iraq, which is the" e-donate application ", indicating that "this application is a quantum leap In humanitarian work, keeping pace with development, speed of response, and strengthening the charitable work system in Iraq.
He added, "Iraq's history, since the dawn of humanity, is full of its past and present, and the generosity and fraternity of its people in extending a helping hand and assistance to brother, friend, and neighbor, supporting afflicted and developing countries, and helping the needy. orphans, widows, the elderly and the needy.”
He stressed: "Since its establishment in 2003, our organization has been providing assistance and contributing to the building of modern Iraq. Its work has been in various fields, relief, health, protection, education, and environmental sanitation, as it has presented hundreds of public benefit projects with the support of the government and the international and Arab community." Over the past years, as the number of beneficiaries exceeded one million annually, especially during the major humanitarian crisis since 2014," pointing out that "after declaring final victory over the gangs of sabotage, the organization began to assist in the reconstruction of Iraq and the stabilization program, with the support of the international and Arab community, After stability, the organization has been presenting large development projects, including the Iraq sacrifice project - the Future Children's Cancer Hospital project - the national mobile hospital project in "Iraq".In addition to other social and humanitarian campaigns to help those affected in the region, the latest of which was the devastating earthquake that struck Syria and Turkey.
And he continued: "We also launched the Green Iraq Project initiative to confront climate changes that have cast a shadow over the past years, which directly affected the life of the citizen," pointing out that "hence the need to launch this electronic application to support these development projects through financial and economic institutions, companies and Missouri The situation and the citizen each according to his ability in order to provide the best services to the citizen for a better future and health.
Enhancing the role of the private sector and digitizing the economy at the Iraqi-European negotiation table
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein and Commissioner for International Partnerships in the European Union, Jutah Urplanen, discussed today, Tuesday, 6 files, including the green economy and renewable energy.
Foreign Ministry spokesman Ahmed Al-Sahhaf said in a statement, "Deputy Prime Minister and Foreign Minister Fuad Hussein met with the Commissioner for International Partnerships in the European Union, Jutah Orplanen, on the sidelines of the meetings of the third session of the Cooperation Council between Iraq and the European Union, held in the capital, Brussels."
He added, "issues of common interest were discussed, including strengthening the role of the private sector in Iraq, the transition towards a green economy and renewable energy, digitization of the Iraqi economy in the financial, commercial, agricultural and energy sectors, and assistance in building capacities and infrastructure, especially supporting the youth and women segments." .
He continued, "It was emphasized that Iraq should join the financial institutions of the European Union, such as the European Bank for Reconstruction and Development and the European Investment Bank, due to its important role in gaining the confidence of European investors and supporting and facilitating the investment process in Iraq."
US businesses exploring investment, business opportunities in Việt Nam
Vũ Tú Thành, the council’s representative in Việt Nam, said the body has organised these events for three decades, adding that this is the biggest ever mission in the country.
WASHINGTON — Representatives of more than 50 US companies will visit Việt Nam from March 21-23 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council.
Vũ Tú Thành, the council’s representative in Việt Nam, said the body has organised these events for three decades, adding that this is the biggest ever mission in the country.
Streaming giant Netflix, planning to open an office in Việt Nam, and many other companies that already have business or production facilities in Việt Nam such as Apple, Coca-Cola and PepsiCo as well as those intending to expand their operations in the Southeast Asian nation are among the participants.
According to Thành, some companies are interested in Việt Nam as a manufacturing hub and provider of services, with its economic growth topping 8 per cent last year.
Among them is SpaceX which is looking to sell its satellite internet services to Việt Nam and other countries in the region.
The mission will also include semiconductors companies, pharmaceutical giants Pfizer and Johnson & Johnson, medical device maker Abbott, financial firms Visa and Citibank, internet and cloud companies Meta and Amazon Web Services, he said
A reading of the Central Bank's strategy for the next stage to advance the banking sector
link
During his speech at the closing conference of the project to activate the lending programs in Iraq, the Governor of the Central Bank revealed the directions and plans of the Central Bank for the next stage to advance the banking sector, overcome the obstacles to its work, develop and reform the pillars and contexts of work that it is currently working on, and enter into a new phase that depends on the standards of real banking work on the scale Local and international, and it proceeds according to an analytical view of the Governor of the Central Bank’s march since 2003 and his experience during the years of his direct responsibility in managing the bank for the years 2015-2020, economic variables, challenges and crises that faced the national economy during the previous years and so far, and the effects of changes in the global economy and the requirements of international standards for external transfer and lack of Stability in the exchange rate and the current gap between the official rate and the parallel rate, despite the adjustment of the exchange rate of the Iraqi dinar at its new prices.
In view of this, I concluded from the Governor’s speech the features of building a new strategy for the Central Bank for the next stage, as follows:
First - Preparing the national strategy for bank lending with careful analysis, study and evaluation of the current lending initiatives and focusing on financing small and medium enterprises and putting them in the right directions and achieving specific goals such as developing, expanding and activating lending for renewable energy projects and the agricultural, industrial and service sectors and addressing the reasons for low lending rates in them. And that the ultimate goal of lending is the catalyst for development and the stimulant of the economic cycle and thus support the national economy. And that this strategy will not be limited to the central bank and banks, but it must be shared with the government and the relevant authorities and presented to them in order to unify the legal, procedural and executive efforts and the regulatory aspects of the work environment Currently unstable and issuing decisions that support the national lending strategy.
Second - Enabling the banking sector to be able to create bank financing by itself by attracting deposits and balancing between its deposits and granted loans. It should not depend mainly on the financing initiatives of the Central Bank and rely on its own financial capacity.
Third - The banking sector must be a key partner with the Central Bank in implementing the national effort strategy for the electronic payment strategy, reviewing the banking products and services it provides to the public, bypassing complex procedures in opening accounts and providing services, expanding the banking density, and achieving the geographical spread of banking work, which helps in Attracting currency in circulation, which is outside the banking system into the banking system, which also reflects on the high rate of financial inclusion, and this also requires diversification of the credit portfolio. Not focusing on a specific sector in order to overcome defaults in the payment of loan dues and thus overcome the collapse in some banks, as happened in 2008. 2009 in America, and today is the collapse of some banks because they focus on specific sectors in lending.
Fourth - Creating a loan guarantee company for the purpose of reducing credit risks, which has become an urgent necessity after the high percentage of non-performing debts to the total cash credit granted, which is difficult to recover.
Fifth: Strict adherence to international standards for external transfers and continuing with the central bank’s procedures in issuing packages of facilities to introduce small merchants and importers to the platform of external transfers, while encouraging the adoption of the method of opening documentary credits and motivating them to go to the banking system by making greater efforts than banks to achieve this goal.
Parliamentary Finance sets the official date for the start of the marathon budget talks
A member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed, on Wednesday, that the discussion of the 2023 budget items will start at the beginning of next week.
Al-Karawi said in an interview with Al-Maalouma, “The discussion of the items of the 2023 budget by the Finance Committee will start next week, pointing out that it will be determined later to host ministers and general managers in order to find out the reasons for the needs and expenditures."
He added, "The most important endeavor of the Finance Committee is to create a flexible budget that adapts to the country's conditions and the fluctuations of the global oil market, in a way that does not lead to any large deficit."
He pointed out that "reducing the fiscal deficit for us is a priority, especially since in the 2023 budget it is the largest after 2003."
And the House of Representatives announced 3 days before the arrival of the 2023 budget, pending its referral to the Parliamentary Finance Committee in order to conduct discussions.
The new Deputy Governor of the Central Bank begins his duties
Today, Wednesday, the new Deputy Governor of the Central Bank, Faisal Al-Haimus, began his duties .
The Central Bank said, in a statement received by the Iraqi News Agency (INA), that "the new Deputy Governor of the Central Bank, Faisal Al-Haimus, has begun today his duties in the position."
Al-Haimus expressed his "full support for teamwork and the plans set by His Excellency the Governor of the Central Bank, with the aim of upgrading and advancing the status of the bank."
And he stressed, "Striving to shoulder the responsibility entrusted to him, and to be up to this task," noting that "The Central Bank is one of the most important state institutions, as it plays an important role in community service."
Tap Payments and PayPal to enhance the global reach of MENA companies
From Iraq's news
- Tap Payments collaborates with
PayPal to expand payment optio ns for businesses in the MENA region _ _ - TAP has become one of the key
partners in the MENA region to provide PayPal connectivity an d operations to businesses , providing a comprehensive payment solution .
Dubai, United Arab Emirates - March 22 , 2023 : Tap Payments, the leading payment technology company in the Middle East and North Africa region, today announced that it has signed a partnership with PayPal, the global leader in payments, to provide PayPal transactions and payments to businesses. This partnership offers MENA companies the convenience of having a single partner for all their payment requirements, streamlines the payment process, streamlines operations, and highlights Tap Payments' unwavering commitment to facilitating seamless payment experiences for its business partners.
“We are excited to partner with Tap Payments to bring reliable and secure PayPal payments to businesses in the Middle East and North Africa region,” said Mark Moonggela, PayPal Director for the Middle East and Africa. Through this partnership, companies can take advantage of PayPal's global services to expand their sales across borders.”
Through this partnership, entrepreneurs and companies across the MENA region can expand their global reach and benefit from PayPal's flexibility and security, enabling them to sell in over 200 countries globally and to 435 million active PayPal accounts worldwide. the world.
According to recent research1 , businesses that offer PayPal as a payment option can achieve almost 30% more sales, and customers who use PayPal spend an average of 43% more money at retailers overall . This is due in part to the Qualified Transaction Buyer Protection and Dispute Resolution that PayPal provides, which gives customers more confidence to shop.
Ahmed Al-Aradi, Executive Vice President of Business at TAP Payments, said: “With PayPal's trusted reputation in the payments space and its global appeal, this partnership opens up new opportunities for growth and increased cross-border sales for businesses within our ecosystem. We are thrilled with the possibilities this partnership brings and excited to continue pushing the boundaries of possibilities in the payments space.”
Enabling this service saves entrepreneurs time and effort, eliminating the need to open a US bank account to access their funds. Through this partnership, Tap Payments and PayPal are committed to facilitating frictionless payment processing, enabling entrepreneurs to focus on expanding their businesses and achieving their goals.
PayPal has secured a trusted and reputable position in the payment industry with over 435 million active accounts, including 35 million merchants worldwide. As a globally recognized payment method, PayPal provides merchants with convenience, security, and flexibility, making it the preferred choice for businesses around the world. PayPal's broad reach and unwavering commitment to providing innovative payment solutions has made it a trusted partner for merchants looking to expand their business operations and streamline payment processing.
Tap Payments and PayPal are committed to providing innovative payment solutions to entrepreneurs in the MENA region.
Samsung Electronics Levant launches a mobile bus between Iraqi cities to display its new Galaxy Z, Galaxy S and Galaxy A series of phones
Samsung Electronics Levant announced the launch of a mobile bus between Iraqi cities to display its new devices from the Galaxy Z foldable series, Galaxy S and Galaxy A, as this tour includes a mobile bus between the main cities of Iraq, with the aim of enhancing interaction with Samsung customers in Iraq and giving them the opportunity To get to know more closely about its distinctive new products.
According to Samsung, the tour will start from March 21st to April 8th (depending on the bus route between regions) and will include special offers and many promotional gifts for its customers.
The following devices will be on display during the show tour: Galaxy Z Flip4, Galaxy Z Fold4, S23 Ultra, S23+, S23, A04, A04e, A04s, A14, and Galaxy Watch. The tour will be carried out in major cities in Iraq, including Baghdad, Anbar, Karbala, Najaf, Basra, Erbil, Sulaymaniyah, Dohuk, and Mosul.
In this regard, Moataz Al-Aqrabawi, Head of Smartphone Division at Samsung Electronics Levant, said: “We are very excited about this unique campaign to fully showcase Samsung’s latest products from the Galaxy Z, Galaxy S and Galaxy A series in Iraq, and we look forward to interacting with our customers and showing The value of our products and what you offer them.”
This tour is a unique opportunity for Samsung customers in Iraq to see the company's new and innovative products, and interact with the leading brand in the electronics industry. Customers can benefit from special offers and promotional gifts offered during the tour.
In addition, the mobile bus will include a fun virtual reality game to attract young audiences and make their experience more fun and in line with their interests.
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