Iraq plans to 'end presence' of US-led coalition forces, PM says


Sinan Mahmoud
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The Iraqi government is working to end the presence of foreign troops from the US-led coalition against ISIS, Prime Minister Mohammed Shia Al Sudani said on Thursday.

Mr Al Sudani's announcement followed an escalation in attacks between the US military and Iran-backed Shiite militias, including air strikes on three militia bases in central Iraq this week that killed one fighter and wounded 18 other people.

The militias have been launching almost daily drone and missile attacks against US troops in Iraq and neighbouring Syria, to which the US military has retaliated with air strikes that have so far killed 16 militiamen.

The Iraqi government has denounced the attacks by the militias as “terrorist acts” and the US strikes as an “infringement to Iraqi sovereignty”.

American troops make up the largest contingent of foreign forces based in Iraq as part of the international coalition formed to defeat ISIS. They stayed on after ISIS was defeated to help Iraqi forces mop up sleeper cells and prevent the group's resurgence.

“We are in the process of reorganising this relationship,” Mr Al Sudani said at a press conference in Baghdad with Prime Minister Pedro Sanchez of Spain, which also has troops in Iraq.

“With the presence of capable Iraqi forces, the Iraqi government is heading towards ending the presence of the international coalition forces."

Iraq says these are not combat troops but security advisers supporting Iraqi security forces with training, consultancy and intelligence gathering.

“We have stressed the commitment to the legal authorisation granted by previous governments for this presence,” Mr Al Sudani said.

This mandate “must be within the framework of supporting security forces in areas of training and advice without exceeding the limits to engage in military operations as it constitutes a violation to the Iraqi sovereignty, and that is something rejected”, he said.

The US says it is responding in self defence.

“I directed the strikes in order to protect and defend our personnel who are in Iraq conducting military operations pursuant to the 2001 Authorisation for Use of Military Force,” President Joe Biden said in a letter to Congress about the latest US air strikes.

He said Monday's strikes “were taken to deter future attacks and were conducted in a manner designed to limit the risk of escalation and minimise civilian casualties".

In 2003, the US led an international coalition to invade Iraq and topple Saddam Hussein’s regime, claiming it was developing and stockpiling weapons of mass destruction.

No such weapons were found and the invasion plunged Iraq into chaos.

The US withdrew from Iraq, leaving behind a small number of troops to protect its embassy and to train and assist Iraqi forces. At its peak in 2007, the US military presence included 170,000 soldiers.

Foreign combat troops returned in 2014, when ISIS seized about a third of the country as the US-trained Iraqi security forces melted away.

After the defeat of ISIS in Iraq by the end of 2017, the US started to reduce the number of its troops – from about 5,000 to 2,500 – along with other countries from the international coalition.

Since then, Iran-backed Shiite militias and Tehran have called for the withdrawal of US troops from Iraq.

Iraq's Prime Minister Mohammed Shia Al Sudani welcomes Spain's Prime Minister Pedro Sanchez in Baghdad. Photo: Iraqi Prime Minister's Press Office
Iraq's Prime Minister Mohammed Shia Al Sudani welcomes Spain's Prime Minister Pedro Sanchez in Baghdad. Photo: Iraqi Prime Minister's Press Office

Iraq-Spain relations

Spain's Prime Minister landed in Baghdad late on Wednesday with a delegation including representatives of major Spanish companies.

"My country, always at the request of the Iraqi authorities, will support the unity, sovereignty and stability of Iraq," said Mr Sanchez during a press conference with Mr Al Sudani on Thursday.

Mr Al Sudani said both sides agreed on preparing a one-year agenda to promote a strategic partnership.

Mr Sanchez said their countries would issue a joint declaration outlining areas for co-operation.

An Iraq-Spain Joint Committee meeting in mid 2024 will be "an important station to push the relations forward", he said.

Mr Sanchez visited Spanish troops at a military base located in Baghdad's high security Green Zone, where he thanked them on behalf of Spanish society for their "efforts and sacrifices in favour of international security and stability".

"In Iraq, Spain has demonstrated for many years now our solid commitment to something that seems to have been questioned in recent years: multilateralism," he said.

Iraq endured decades of war, UN-imposed economic sanctions under Saddam, and political and security instability after the 2003 invasion. The war with ISIS left large areas of the north and west in ruins, and millions of Iraqis are still without access to clean water, adequate electricity supply and proper health care.

Iraq appealed for about $88 billion for reconstruction at an international donor summit in Kuwait in 2018, but received pledges of only $30 billion in loans and investment.

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Day 2, Dubai Test: At a glance

Moment of the day Pakistan’s effort in the field had hints of shambles about it. The wheels were officially off when Wahab Riaz lost his run up and aborted the delivery four times in a row. He re-measured his run, jogged in for two practice goes. Then, when he was finally ready to go, he bailed out again. It was a total cringefest.

Stat of the day – 139.5 Yasir Shah has bowled 139.5 overs in three innings so far in this Test series. Judged by his returns, the workload has not withered him. He has 14 wickets so far, and became history’s first spinner to take five-wickets in an innings in five consecutive Tests. Not bad for someone whose fitness was in question before the series.

The verdict Stranger things have happened, but it is going to take something extraordinary for Pakistan to keep their undefeated record in Test series in the UAE in tact from this position. At least Shan Masood and Sami Aslam have made a positive start to the salvage effort.

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THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Formula One top 10 drivers' standings after Japan

1. Lewis Hamilton, Mercedes 306
2. Sebastian Vettel, Ferrari 247
3. Valtteri Bottas, Mercedes 234
4. Daniel Ricciardo, Red Bull 192
5. Kimi Raikkonen, Ferrari 148
6. Max Verstappen, Red Bull 111
7. Sergio Perez, Force India 82
8. Esteban Ocon, Force India 65
9. Carlos Sainz Jr, Toro Rosso 48
10. Nico Hulkenberg, Renault 34

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Korean Film Festival 2019 line-up

Innocent Witness, June 26 at 7pm

On Your Wedding Day, June 27 at 7pm

The Great Battle, June 27 at 9pm

The Witch: Part 1. The Subversion, June 28 at 4pm

Romang, June 28 at 6pm

Mal Mo E: The Secret Mission, June 28 at 8pm

Underdog, June 29 at 2pm

Nearby Sky, June 29 at 4pm

A Resistance, June 29 at 6pm 

 

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

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Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Scoreline

Al Wasl 1 (Caio Canedo 90 1')

Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')

Red cards: Ismail Ahmed (Al Ain) 77'

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Updated: December 28, 2023, 3:59 PM