Iraq Financial News

Delhi Police in a major breakthrough on Monday arrested three Islamic State (ISIS) terrorist, one of them being Mohammad Shahnawaz, a terrorist on the most wanted list of the National Investigation Agency (NIA). The Delhi Police informed that the trio had been planning to carry out terror incidents in North India, taking instructions from foreign-based handlers.

Shahnawaz and has been arrested by Delhi Police’s Special Cell, just days after NIA announced a reward of ₹3 lakh on him. After a massive search operation, the cops arrested three suspected Islamic State (IS) terrorists who were wanted by the NIA. Last month, the NIA released pictures of four terror suspects, including that of Shahnawaz, wanted in the Pune ISIS (Islamic State of Iraq and Syria) module case and declared a reward money of ₹3 lakh each for credible information on them leading to their arrest.

European Union governments are struggling to overcome obstacles to put a new asylum system in place three years after unveiling a plan to reform the bloc's outdated asylum rules

beggars arrested in foreign countries belong to Pakistan, reported Pakistani English-language newspaper The Dawn. " The Senate Standing Committee on Overseas Pakistanis was informed on Wednesday that a growing number of beggars from Pakistan were moving abroad, which has spurred ‘human trafficking’," the report said. Overseas Ministry Secretary Zulfikar Haider disclosed this during a discussion in the Senate panel on the issue of skilled and unskilled labour leaving the country. Haider told the committee that a staggering “90 per cent of beggars” arrested in foreign countries were of Pakistani origin, Dawn reported. Furthermore, it was revealed that many beggars exploit pilgrim visas to gain entry into countries such as Saudi Arabia, Iran, and Iraq. Shockingly, a significant number of pickpockets arrested at holy sites were also identified as Pakistani nationals. Meanwhile, Haider said that Japan has now emerged as a new destination of such visitors, according to Dawn. Moreover, he emphasized Pakistan's historical role in exporting skilled labour and expressed optimism that the country's foreign remittances would increase when professionals went abroad. He further said that Saudi Arabia now preferred skilled labour over untrained individuals, according to Dawn. Hasan also noted that as many as 50,000 engineers in Pakistan were unemployed. «India has reached the moon, while we stumble every day,” the senator added. He also informed that that approximately three million people were in Saudi Arabia, 1.5 million Pakistanis were in the UAE, while 0.2 million were in Qatar.

Click here) Iraqi News Agency quoted a civil defence official who said that the wedding hall's exterior was decorated with highly flammable cladding that was illegal in the country. “The fire led to the collapse of parts of the hall as a result of the use of highly flammable, low-cost building materials that collapse within minutes when the fire breaks out," civil defense said.

Hamdaniya district in Iraq's Nineveh province that left civil defence searching the charred skeleton of a building for survivors into the early hours of Wednesday. Nineveh Deputy Governor Hassan al-Allaq told Reuters that 113 people had been confirmed dead, with state media putting the death toll at at least 100, with 150 people injured. The fire ripped through a large events hall in the north-eastern region after fireworks were lit during the celebration, local civil defence said, according to state media. «We saw the fire pulsating, coming out of the hall. Those who managed got out and those who didn't got stuck.

India will cut the floor price for basmati rice exports in the coming days, sources familiar with the matter said, after millers and traders complained about a sharp drop in overseas sales of the premium aromatic grain. India will lower the basmati floor price to $850 a metric ton, down from $1,200 a ton, to help millers and traders ship out the rice grade, said the sources, who didn't wish to be identified as they are not authorised to talk to media. Last month, India fixed the floor price, or the minimum export price (MEP), for basmati rice shipments at $1,200 a metric ton. Authorities said the MEP was imposed to help New Delhi ensure that non-basmati rice was not exported as basmati rice. In July, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. «The decision to lower the basmati MEP would help farmers who were losing money on account of falling exports,» said Prem Garg, president of the Indian Rice Exporters Federation. «The move will also help India retain its pre-eminent position in the global basmati rice market.» Since basmati rice is not widely consumed in India, and the new season crop will start arriving in the market from next month, India would have faced a glut of the superior grade, Garg said. «A large stockpile would have hammered prices and hurt farmers and India's rice sector, so the move to lower the MEP will be quite helpful,» he said. India and Pakistan exclusively grow premium, aromatic basmati rice.

By Group Captain Praveer Purohit (retd)

NEW DELHI : Saudi Arabia, the world’s second largest oil producer, has slashed the premium charged on exports to India while many others have discontinued it altogether, a person aware of the matter said, after India began sourcing the bulk of its energy requirements from Russia. Asian premium is an extra amount levied by the Organization of the Petroleum Exporting Countries (Opec) from Asian countries above the actual selling price. India has repeatedly pressed oil producers to eliminate this premium and even asked for an ‘Asian discount’ instead.

A financial advisor who began his career with Edward Jones in 2015 is returning to the firm to provide comprehensive retirement plan services for small and mid-sized companies in the Seattle area.

Emerging Markets returns shows India is the only EM where returns from equities have exceeded the returns from gold between January 2000 and September 2023. While this neglects dividends, it is nevertheless an eye-opener. Even in India, gold has returned a handsome 10.9% compounded through this long period, while equities (ex-dividend) have returned 11.6% compounded.

report by Financial Times. Turkey has pushed against the proposed India-Middle East-Europe corridor that was agreed upon this month during the G20 Summit held in New Delhi. The India-Middle East corridor would transport goods from the subcontinent through the United Arab Emirates (UAE), Saudi Arabia, Jordan, and Israel to European markets.

Berkeley Earth, which focuses on environmental data science and analysis, said last month was the warmest August since records began to be kept in 1850, with «particularly warm conditions» prevailing in parts of India, Japan, North Atlantic, Eastern Equatorial Pacific, Northern South America, Central America, parts of Africa and the Middle East. The National Oceanic and Atmospheric Administration (NOAA), a US government agency, said on Thursday that 2023 witnessed Earth's hottest August in its 174-year climate record. The sizzling month also marked the northern hemisphere's warmest meteorological summer and the southern hemisphere's warmest meteorological winter on record, the NOAA's National Centres for Environmental Information said. Berkeley Earth said August 2023 exceeded the previous record set in August 2016 by 0.31 degrees Celsius, «a surprisingly large margin, well outside the margin of uncertainty». Its researchers said: «We estimate that 13 per cent of the Earth's surface experienced its locally warmest August average, and 87 per cent of the Earth's surface was significantly warmer when compared to its local average during the period from 1951 to 1980.» In total, they estimated that 65 countries (mostly in the tropics) witnessed their warmest August on record. These countries include Bahrain, Barbados, Brazil, Cambodia, Cameroon, Chad, China, Colombia, Cuba, Iran, Iraq, Japan, Kenya, Mexico, Morocco, Niger, Panama, Peru, the Philippines, Qatar, Russia, Rwanda, Saudi Arabia, Sri Lanka, Sudan, Suriname, Turkiye, Venezuela and Yemen. Some of these countries broke their August records by extraordinary margins.

parboiled rice exports crippled activity in India this week, while Vietnamese and Thai export rates eased further from recent highs. India's 5% broken parboiled rice prices remained at $525-$535 per metric ton, still near a record $520-$540 hit on Aug. 31. «Trade is paralyzed… It could restart after duty (on parboiled rice) becomes nil post Oct.

our Briefing explains, these shifts begin a new chapter in the Middle East marked by fresh opportunities and new dangers. The region’s leaders are testing ideas that have caught on in much of the world, including embracing autocratic pragmatism as a substitute for democracy, and multipolar diplomacy instead of the post-1945 American-led order. The Middle East is also a place where threats that will menace the world in the 2030s may play out early, including nuclear proliferation, extreme weather and even greater inequality, as weak countries fall further behind.

Hindustan Times. The cops advised the passengers traveling to New Delhi Railway Station to leave early for possible delays on some routes today.

KYIV, Ukraine—A Russian military pilot who defected to Ukraine last month said he flew his Mi-8 helicopter low over fields with its transponder off to evade detection, capping an operation planned over months with Ukraine’s military intelligence agency. In his first public appearance at a news conference in Ukraine, Capt. Maksim Kuzminov said Tuesday that he reached out to the agency, best known by the acronym HUR, late last year after months lamenting the Russian invasion of Ukraine and his part in it.

SULAIMANIYA, Iraq (Reuters) -Iraqi security forces deployed in the northern Iraqi oil city of Kirkuk on Sunday to prevent further violence as the death toll in clashes between ethnic groups the previous day rose to four, police and security sources said.

Russia's share in India's crude oil imports fell to 34% in August from 42% in July as state-run refiners sharply reduced imports from Russia. Supplies from Russia fell 23% month-on-month to 1.47 million barrels per day (mbd) in August, even as India's overall crude imports fell 5% to 4.35 mbd, according to energy cargo tracker Vortexa. Russia's seaborne crude exports to China, however, increased to 1.4 mbd in August from 1.3 mbd in July. Indian state refiners took 852,000 barrels per day of Russian oil in August, 30% less than in July while private sector refiners' intake of 617,000 barrels per day was 13% lower than in July. Imports from Russia fell due to the planned maintenance work at some refineries in India as well as a reduction in the availability of Russian supplies, analysts said.

Kirkuk, a northern Iraqi city, following violent confrontations between rival demonstrations by Kurdish and Arab residents. The clashes have prompted Prime Minister Mohammed Shia al-Sudani to order extensive security operations in the affected areas.

Al Jazeera reported as quoted by ANI. Iraq's Prime Minister Mohamed Shia al-Sudani ordered a curfew in Kirkuk and “extensive security operations in the areas affected by the riots", a statement from his office said on Saturday. A local official said that one civilian was killed and eight were injured, after days of brewing tensions in Kirkuk, which has historically been disputed between the federal government in Baghdad and the authorities in the autonomous Kurdish region in the north.