Thursday, December 26, 2024
EXCLUSIVE: Iraq has no intention to extend US forces presence, CF member says, 26 DEC
EXCLUSIVE: Iraq has no intention to extend US forces presence, CF member says
Shafaq News/ On Wednesday, the Iraqi Coordination Framework (CF), which brings together Shiite political forces, denied the Iraqi government's intention to extend the presence of US forces in Iraq, while suggesting that armed operations could resume if the withdrawal timetable is not followed.
The Washington Post, citing an Iraqi official, reported that Iraq is likely to request an extension of the US military presence due to recent developments in the region following the collapse of the Al-Assad regime in Syria.
In response, MP Mokhtar al-Moussawi, a member of the CF, told Shafaq News Agency, "There is no intention from the Iraqi government or parliament to request an extension of the US forces' stay in Iraq following the recent developments in Syria…There are no concerns about the situation in Syria or its current leadership, as they do not affect Iraq's internal affairs."
Regarding the suspension of operations by Iraqi armed factions against US forces, al-Moussawi explained, “The operations stopped due to the existing timetable for the withdrawal of US troops from the country… Any extension of this presence will inevitably lead to the resumption of operations targeting American objectives and interests.”
"There is no possibility of US forces remaining; the implementation of the withdrawal timetable agreed upon by Baghdad and Washington is being closely monitored,” he added.
Months ago, Baghdad and Washington announced an agreement setting a deadline for the withdrawal of US-led Global Coalition forces by September 2025.
Since mid-October 2023, armed factions have targeted US bases in Iraq, coinciding with the Israeli war on Gaza. The Iraqi factions claimed these actions were “in retaliation for US support” of Israel.
The previous escalation between the factions and the US led to military responses, the latest being an airstrike on Al-Qaim, a town northwest of Baghdad near the Syrian border. The US Central Command confirmed that its forces targeted sites linked to the Islamic Revolutionary Guard Corps-Quds Force and its affiliated groups in both Iraq and Syria.
The US response to the attacks also included targeted assassinations of faction leaders in central Baghdad using “guided, precise” missiles.
Iraq Stock Exchange leads Arab markets with 130%+ growth in November, 26 DEC
Iraq Stock Exchange leads Arab markets with 130%+ growth in November
Shafaq News/ The Iraq Stock Exchange (ISX) saw a 130%+ increase in trading volume in November 2024 compared to the previous month, leading Arab financial markets in growth, according to a report by the Arab Monetary Fund (AMF).
The report showed Iraq's growth rate at 131.24%. Other Arab markets with notable growth included the Damascus Securities Exchange at 87.83% and the Bahrain Stock Exchange at 68.22%. Markets like Egypt and Casablanca saw growth ranging from 54.25% to 19.08%.
Regarding Iraq's progress, Faisal Al-Haimus, President of the Securities Commission, stated, “This progress is the result of ongoing efforts to develop the ISX and improve the investment environment… We are proud of this performance, which reflects investor confidence and the effectiveness of our plans to strengthen the market’s role in supporting the national economy."
"The AMF report strengthens the Iraq Stock Exchange's position in regional markets," he added. "We will leverage this progress to boost strategic partnerships and attract more local and international investments."
Al-Haimus stressed the commission's commitment to enhancing the market's infrastructure and regulatory procedures to boost its appeal and strengthen its role as a key driver of economic growth.
TIDBIT FROM FRANK26, 26 DEC
Frank26
There is a plethora of very good informative monetary reform education articles that are coming out that are causing this great pressure of information, a venturi effect of information to the Iraqi citizens.
This is the time to do that...We say to ourselves, 'Wow!
They're telling the citizens they're going to add value to their currency by giving them purchasing power by lifting the three zeros from the exchange rate.
Wow!'...This monetary reform education right now, it's so much of it. It's cornucopia that is filled. It's a piñata that got busted open and it's spilling everywhere, every day.
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