A handout picture provided by the Iranian presidency on August 5 shows President Ebrahim Raisi (centre) receiving Iraq's president Barham Saleh (centre left) in the capital Tehran. AFP
A handout picture provided by the Iranian presidency on August 5 shows President Ebrahim Raisi (centre) receiving Iraq's president Barham Saleh (centre left) in the capital Tehran. AFP
A handout picture provided by the Iranian presidency on August 5 shows President Ebrahim Raisi (centre) receiving Iraq's president Barham Saleh (centre left) in the capital Tehran. AFP
A handout picture provided by the Iranian presidency on August 5 shows President Ebrahim Raisi (centre) receiving Iraq's president Barham Saleh (centre left) in the capital Tehran. AFP

Iraq and Iran presidents agree to further develop ties at first meeting


Sinan Mahmoud
  • English
  • Arabic

Iraq's President Barham Salih said his country supports stability in the region and urged an end to current tensions after he arrived in Iran to attend the inauguration ceremony of Iran's President-elect Ebrahim Raisi.

“Iraq strongly supports the stability of the region, security and to end the tensions,” Mr Salih said, according to a statement from his office, after his first meeting with Mr Raisi.

Iraq has led initiatives to hold meetings between Iran and Saudi Arabia and other rivals in Baghdad, as part of its continued efforts to diffuse tensions.

The two leaders discussed “mutual issues between the two neighbourly countries in a way to boost bilateral relations as well as the developments in the region,” the statement said.

Mr Salih hailed Iran’s role in helping Iraq fight ISIS when the extremist group took over nearly a third of the country in mid-2014.

Mr Raisi, 60, said his country “is looking forward to boosting bilateral relations with Iraq in all sectors” and supporting “the stability and security of Iraq.”

The two countries fought a ruinous eight-year war in the 1980s that left an estimated 1 million people dead.

But relations have improved since the 2003 US-led invasion that toppled Saddam Hussein and brought Shiites — many of whom sought shelter in Iran — to power.

Since then, Iran’s influence has grown in Iraq through its support of political parties and militias, trained and armed by Tehran to fight US troops and then ISIS.

The former chief of the Iran's judiciary, Mr Raisi won a presidential poll in June in which more than half of the electorate stayed away. Many political heavyweights were barred from standing.

The ultraconservative president-elect replaces the moderate Hassan Rouhani.

His inauguration ceremony is to be held at 10.30am local time at the supreme leader's offices in central Tehran.


The%20specs
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The specs: 2019 Mini Cooper

Price, base: Dh141,740 (three-door) / Dh165,900 (five-door)
Engine: 1.5-litre four-cylinder (Cooper) / 2.0-litre four-cylinder (Cooper S)
Power: 136hp @ 4,500rpm (Cooper) / 192hp @ 5,000rpm (Cooper S)
Torque: 220Nm @ 1,480rpm (Cooper) / 280Nm @ 1,350rpm (Cooper S)
Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L / 100km

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

UAE currency: the story behind the money in your pockets
MATCH INFO

Manchester United v Manchester City, Wednesday, 11pm (UAE)

Match is on BeIN Sports

JOKE'S%20ON%20YOU
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Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

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.

Profile of Whizkey

Date founded: 04 November 2017

Founders: Abdulaziz AlBlooshi and Harsh Hirani

Based: Dubai, UAE

Number of employees: 10

Sector: AI, software

Cashflow: Dh2.5 Million  

Funding stage: Series A

Updated: August 05, 2021, 12:18 PM