In a move seen by observers as a public endorsement of US President Donald Trump, US technology giant Apple announced the creation of a fund to support industry within the United States.
The company said its chief executive Tim Cook that Apple initially contributed $ 1 billion to urge companies to manufacture within the United States, a step promised by Trump during his campaign, where he then gave an explicit invitation to Apple to adopt it.
Tim Cook, in a televised interview with Al-Furat, said the company decided to repay the American people and the United States with a $ 1 billion start-up fund, while Cook noted that the company spent more than $ 50 billion locally during the year. Past, to support the US industry.
While Cook revealed about 80,000 Apple employees within the United States, noting that this number will increase after the launch of the fund officially, especially if there is a response from international companies to support the fund, manufacturing within the United States.
This comes in light of the company’s strong second-quarter revenues, estimated at $ 53 billion, and Apple’s fiscal year ends in September and starts in October each year.
(Independent) .. Iraq, in cooperation with representatives of the World Bank in Baghdad, a project to reform and modernize the systems of financial management of the state
“This important step comes on the basis of agreement with representatives of the World Bank during the spring meetings held recently in Washington,” Finance Minister Abdul Razzaq al-Issa told a news conference after his meeting with World Bank representatives.
Al-Issa said at the press conference that this project includes the main axes, including the direction towards the integrated system of financial management information and computerization of the operations of public financial management of the preparation and implementation of the budget in the Ministry of Finance and other ministries and exchange units.
He added that one of the priorities of the project is to develop the government investment of the Iraqi state. For their part, representatives of the World Bank expressed readiness to cooperate and support Iraq and develop its financial mechanisms as a founding member and contribute to the World Bank.
Speaking at the opening ceremony of a new five-star hotel in Erbil, Nechirvan Barzani said:
“Lebanese investors of this project, which cost $40 million, have proved that despite all the challenges and difficulties facing the region, Kurdistan is still a safe and trusted place for investors and businesses.
“Also their confidence and understanding that the Kurdistan Region is stepping towards a brighter and better future and it is considered a good destination for investment in the region.”
He added that the Kurdistan Regional Government is ready to offer assistance to investors who are interested in the Kurdistan Region.
“Our government wants investors and businesses to focus on agriculture, tourism and industry in particular,” he said. “These three sectors, which have a good opportunity in the Kurdistan Region, are important part of the government reform plan in order to increase our income and move us gradually away oil dependency.”
A new report from the International Monetary Fund (IMF) predicts more government spending in the current year.
In its Regional Economic Outlook for the Middle East, the IMF says:
“In Iraq, the fiscal stance is expected to loosen somewhat as the receipt of previously delayed donor financing relaxes the cash constraint faced in 2016.”
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