Iraq is assuming the role of a regional convener to stabilise its internal affairs that are influenced by Iran and the US, analysts told The National.
In an attempt to ease tensions, Baghdad hosted on June 6 a tripartite meeting with Egypt and Jordan to discuss challenges from the war in Ukraine.
The Iraqi capital also hosted the Syrian film festival to improve cultural relations with its neighbour.
Baghdad finds itself in the middle of a regional power competition, Lahib Higel, a senior Iraq analyst at the International Crisis Group, told The National.
“Its internal stability depends on better relations between its neighbouring countries,” she said.
Under the leadership of Prime Minister Mustafa Al Kadhimi, the country has been pushing to improve relations between Iran and Saudi Arabia in the past year.
“In facilitating these meetings, Baghdad is supporting a confidence-building mechanism between the two main rival states in the region, which hopefully can reduce their mutual threat perceptions in the long run,” Ms Higel said.
Since Mr Al Kadhimi took office in May 2020, Iraq has been trying to make the transition from a playground for regional and international participants to a convener, said Renad Mansour, director of the Iraq initiative at London's Chatham House think tank.
“It is trying to move from being just a messenger to a convener as it is connected to many different sides,” Mr Mansour told The National.
Mr Al Kadhimi has been using his connections as former head of Iraq's intelligence service to push this initiative.
“Both Iran and Saudi Arabia consider Mr Al Kadhimi to be a trustworthy intermediary,” Ms Higel said. “Former prime ministers that have attempted similar initiatives have not come as far.”
Iraq was isolated from the region following Saddam Hussein’s 1990 invasion of Kuwait for more than a decade as countries severed ties with his government.
In 2003, several Arab countries were reluctant to engage and restore ties following the US-led invasion that toppled Saddam's regime.
They viewed the successive Shiite-led government as having close ties to Iran.
Several years ago, the region began to engage with Baghdad following a push by Washington that it regarded as an attempt to counter Iranian influence.
In August last year, Baghdad hosted a conference where officials from the UAE, Saudi Arabia, Egypt, France, Jordan, Kuwait and Qatar, as well as officials from Iran, Turkey and the EU discussed economic, political and security co-operation between Iraq and its neighbours.
French President Emmanuel Macron also attended the summit, which was viewed as a success.
Transforming Iraq's regional role
Iraq's President Barham Salih last year said his country has become a “point of convergence” after the success of the Baghdad summit.
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 summit that Baghdad held last year was an “attempt to have some kind of portfolio of success” for Mr Al Kadhimi who has found it challenging to bring about reforms to the country.
“That was very much why there was this emphasis on this summit last year and to create a role for Iraq,” Mr Mansour said.
However, he said the success of these talks depends on the outcome in the region.
“All sides have been happy to talk, but at some point there needs to be some kind of negotiation and talks with content in them and that is a gauge on how successful they can be,” Mr Mansour said.
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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The Internet
Hive Mind
four stars
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Match statistics
Dubai Sports City Eagles 8 Dubai Exiles 85
Eagles
Try: Bailey
Pen: Carey
Exiles
Tries: Botes 3, Sackmann 2, Fourie 2, Penalty, Walsh, Gairn, Crossley, Stubbs
Cons: Gerber 7
Pens: Gerber 3
Man of the match: Tomas Sackmann (Exiles)
UAE currency: the story behind the money in your pockets
Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.