Sheikh Mohammed bin Rashid Al-Maktoum at the summit in Baghdad. WAM
Sheikh Mohammed bin Rashid Al-Maktoum at the summit in Baghdad. WAM
Sheikh Mohammed bin Rashid Al-Maktoum at the summit in Baghdad. WAM
Sheikh Mohammed bin Rashid Al-Maktoum at the summit in Baghdad. WAM

Iraq central to solving regional problems, says foreign minister


Mina Aldroubi
  • English
  • Arabic

Iraq is calling for regional co-operation to ease tensions, and the country is central to solving challenges facing the Middle East, Foreign Minister Fuad Hussein told The National.

Baghdad hosted a conference in August where officials from the UAE, Saudi Arabia, Egypt, France, Jordan, Kuwait and Qatar, as well as officials from Iran, Turkey and the EU, participated in talks on economic, political and security co-operation.

“We are mediating, trying to bring together countries that have tensions, and we did, not only with the Saudis and Iranians, but we brought many other states in the region together,” Mr Hussein told The National.

A glimmer of optimism about the prospect of a thaw in relations between Tehran and Riyadh was seen earlier this year, as the two decided to hold talks in the Iraqi capital.

Representatives from Riyadh and Tehran had just concluded their fourth round of discussions, said Mr Hussein, and the summit supported the constructive path of positive dialogue and negotiations.

“Baghdad from outside has been seen as a country of challenges but states have also started to see that it is part of the solution,” he said on the sidelines of the annual Manama Dialogue in Bahrain.

Iraq is the only country in the region that has “friendship with all neighbouring and regional states,” he said.

Iraqi Foreign Minister Fuad Hussein at the Manama Dialogue in Bahrain on Saturday. Iraqi Foreign Ministry
Iraqi Foreign Minister Fuad Hussein at the Manama Dialogue in Bahrain on Saturday. Iraqi Foreign Ministry

Diplomatic efforts led by Baghdad have resulted in “stability in the region, rejecting violence, resolving differences and adopting dialogue as a way of co-operation and integration”, he said.

The US is set to withdraw its combat troops from Iraq by the end of this year but will continue to train and advise the Iraqi military. There are currently 2,500 US troops in Iraq helping local forces counter what remains of ISIS, with the vast majority of US forces tied up in training Iraqi forces.

Since 2014, the US has led an international coalition in Iraq to fight ISIS.

"The American presence in Iraq is very small, in fact the existence of American combat forces will not affect the whole security situation," he said.

"This means that the fight against ISIS can be done also by Iraqi forces themselves," said the Iraqi minister.

However, Mr Hussein said that Baghdad will still need some support.

The issue of foreign forces stationed in Iraq has presented a number of political challenges to the government, raising the ire of Iran-backed militias within an official government organisation, the Popular Mobilisation Forces, who have attacked US and coalition troops.

Tensions heightened in the region after the US killing of top Iranian general Qassem Soleimani and the leader of an Iran-backed militia Abu Mahdi Al Muhandis in January 2020, in Baghdad.

In recent months officials in Baghdad have pushed to “bring states together but also in trying to control their tensions," Mr Hussein said.

“Iraq will not spare any effort to achieve good relationships and partnerships with its neighbouring countries,” he said.

The turning point for taking on this new role, Mr Hussein said, was when Iraqis transformed their vision from “being victims to seeing themselves as leaders”.

“We need co-operation in the region, we need to agree on collective security, it’s not easy to have this policy but we can agree on how to deal with it,” the Iraqi minister said.

“We need each other to solve the problem or even to manage it,” he said, citing successful cooperation between the international community in countering the Covid-19 pandemic.

  • People attend a speech by US Secretary of Defence Lloyd Austin during the 17th IISS Manama Dialogue in the Bahraini capital. All photos: AFP
    People attend a speech by US Secretary of Defence Lloyd Austin during the 17th IISS Manama Dialogue in the Bahraini capital. All photos: AFP
  • Ayman Safadi, Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates, delivers a speech at the dialogue.
    Ayman Safadi, Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates, delivers a speech at the dialogue.
  • Iraq's Deputy Prime Minister and Foreign Minister Fuad Hussein speaks during the event.
    Iraq's Deputy Prime Minister and Foreign Minister Fuad Hussein speaks during the event.
  • Itay Tagner, Israel's charge d'affaires to Bahrain, speaks to Indonesia's Defence Minister Prabowo Subianto.
    Itay Tagner, Israel's charge d'affaires to Bahrain, speaks to Indonesia's Defence Minister Prabowo Subianto.
  • Arab League Secretary General Ahmed Aboul Gheit was among the officials in Manama.
    Arab League Secretary General Ahmed Aboul Gheit was among the officials in Manama.
  • Emirati military officers attend the event in the Bahraini capital.
    Emirati military officers attend the event in the Bahraini capital.
  • Bahraini female security officers at the dialogue.
    Bahraini female security officers at the dialogue.
  • Stacey Dixon, US principal deputy director for National Intelligence, speaks to a US Navy officer.
    Stacey Dixon, US principal deputy director for National Intelligence, speaks to a US Navy officer.
  • Lloyd Austin, US Secretary of Defence, and John Chipman, director general and chief executive of the International Institute for Strategic Studies, which organised the dialogue.
    Lloyd Austin, US Secretary of Defence, and John Chipman, director general and chief executive of the International Institute for Strategic Studies, which organised the dialogue.
  • A Royal Marines lieutenant general and captain arrive at the event.
    A Royal Marines lieutenant general and captain arrive at the event.
  • Najla Mangoush, Libya's Minister of Foreign Affairs, attends the conference in Manama.
    Najla Mangoush, Libya's Minister of Foreign Affairs, attends the conference in Manama.
  • Nayef Al Hajraf, Secretary General of the GCC, gives a speech at the event.
    Nayef Al Hajraf, Secretary General of the GCC, gives a speech at the event.
  • A French naval officer attends the Manama dialogue.
    A French naval officer attends the Manama dialogue.
  • An employee at the event cleans the podium between speeches.
    An employee at the event cleans the podium between speeches.
  • Egypt's Foreign Minister Sameh Shoukry addresses the conference.
    Egypt's Foreign Minister Sameh Shoukry addresses the conference.
  • Peter Maurer, president of the International Committee of the Red Cross, speaks at the event in Manama.
    Peter Maurer, president of the International Committee of the Red Cross, speaks at the event in Manama.

Iraq's history of crises

Iraq was isolated from the region for more than a decade after the 1990 invasion of Kuwait by former dictator Saddam Hussein, as countries severed ties with his regime and imposed sanctions.

Following the ousting of the Hussein regime in 2003, through a US-led invasion, many regional countries were hesitant to restore ties due to the takeover by a Shiite-led government, which many consider to have close relations with Iran.

"For a while there were some misunderstandings between Iraq and Gulf countries about the changes happening in Baghdad, the future, their intentions, but gradually they approached each other and now we've reached a different state," he said.

Iraq is now enjoying strong ties with Gulf states, he said.

"We started to increase ties in common security, trade, electricity, co-operating on oil policy, we started to widen these ties between Baghdad and the Gulf countries," he said.

Mr Hussein said he "pushed for a balanced relationship" between Baghdad and the region which in turn helped Iraq.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

WITHIN%20SAND
%3Cp%3EDirector%3A%20Moe%20Alatawi%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Ra%E2%80%99ed%20Alshammari%2C%20Adwa%20Fahd%2C%20Muhand%20Alsaleh%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A

Favourite book: ‘The Art of Learning’ by Josh Waitzkin

Favourite film: Marvel movies

Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Sly%20Cooper%20and%20the%20Thievius%20Raccoonus
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Sucker%20Punch%20Productions%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Sony%20Computer%20Entertainment%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%202%20to%205%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Nancy 9 (Hassa Beek)

Nancy Ajram

(In2Musica)

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

Brief scoreline:

Liverpool 2

Mane 51', Salah 53'

Chelsea 0

Man of the Match: Mohamed Salah (Liverpool)

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
War and the virus
COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

The specs
Engine: 2.4-litre 4-cylinder

Transmission: CVT auto

Power: 181bhp

Torque: 244Nm

Price: Dh122,900 

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

'How To Build A Boat'
Jonathan Gornall, Simon & Schuster

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

UAE currency: the story behind the money in your pockets
PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

BRAZIL SQUAD

Alisson (Liverpool), Daniel Fuzato (Roma), Ederson (Man City); Alex Sandro (Juventus), Danilo (Juventus), Eder Militao (Real Madrid), Emerson (Real Betis), Felipe (Atletico Madrid), Marquinhos (PSG), Renan Lodi (Atletico Madrid), Thiago Silva (PSG); Arthur (Barcelona), Casemiro (Real Madrid), Douglas Luiz (Aston Villa), Fabinho (Liverpool), Lucas Paqueta (AC Milan), Philippe Coutinho (Bayern Munich); David Neres (Ajax), Gabriel Jesus (Man City), Richarlison (Everton), Roberto Firmino (Liverpool), Rodrygo (Real Madrid), Willian (Chelsea).

Updated: November 21, 2021, 6:27 AM