Barham Salih, the Iraqi president, was proud of his country's success in holding a regional summit. Reuters
Barham Salih, the Iraqi president, was proud of his country's success in holding a regional summit. Reuters
Barham Salih, the Iraqi president, was proud of his country's success in holding a regional summit. Reuters
Barham Salih, the Iraqi president, was proud of his country's success in holding a regional summit. Reuters

Iraq becomes ‘point of convergence’ after hosting regional summit


Mina Aldroubi
  • English
  • Arabic

Iraqi President Barham Salih said on Monday that his country has become a “point of convergence” after the success of a summit that brought together regional leaders.

Baghdad hosted a conference at the weekend 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 between Iraq and its neighbours.

“Baghdad’s Conference for Co-operation and Partnership carried an eloquent message. Iraq, which was the epicentre of conflict and rivalry, has become a point of convergence in the interest of the peoples and countries of this region,” Mr Salih told a conference at Baghdad’s Al Rafidain Centre for Dialogue.

Mr Salih said the region was in need of a new “political, security and economic system to meet the challenges of terrorism, extremism and the economic crisis”.

“The crisis that threatens our future is the inability of our economies to provide job opportunities for the increasing number of our youth and the dangerous repercussions of climate change,” he said.

Iran's new Foreign Minister, Hussein Amir Abdollahian, attended the summit and provided a glimmer of optimism for a thaw in relations between Tehran and Riyadh.

Speaking in Arabic, Mr Abdollahian appeared to hold out an olive branch to Arab states.

The Iranian politician said Tehran would like to improve relations with the region through economic and cultural co-operation, without what he called the usual interference from international powers.

Foreign influence, he said, had created tension and regional insecurity.

US President Joe Biden commended the outcome of the summit.

“This kind of diplomacy has never been more important as we seek to ease tensions among neighbouring states and expand co-operation across the Middle East, and Iraq’s leadership on this is historic,” he said in a statement issued by the White House.

Mr Biden confirmed Washington’s stance to work with Iraq towards creating stability across the Middle East.

“We remain committed to strengthening our bilateral relationship under the Strategic Framework Agreement … diplomacy must be the first tool of our foreign policy,” he said.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

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Steel company Evraz drops more than 10 per cent in trading after UK officials said it was potentially supplying the Russian military.

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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.

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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.

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

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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.

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SECRET%20INVASION
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The Written World: How Literature Shaped History
Martin Puchner
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Terror attacks in Paris, November 13, 2015

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The years Ramadan fell in May

1987

1954

1921

1888

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

The specs: 2018 Infiniti QX80

Price: base / as tested: Dh335,000

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Gearbox: Seven-speed automatic

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Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

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Updated: August 30, 2021, 2:45 PM