Iraq PM declares victory in 'liberated' Mosul

Agencies
July 9, 2017

Mosul, Jul 9: Iraqi Prime Minister Haider al-Abadi declared victory in the "liberated" city of Mosul today, his office said, in the biggest defeat yet for the Islamic State group.

Abadi "arrives in the liberated city of Mosul and congratulates the heroic fighters and the Iraqi people on the achievement of the major victory," his office said in a statement.

The announcement comes after a gruelling nearly nine- month battle to retake the northern city from the jihadists after three years under their rule.

A photo on Abadi's official Twitter account showed him dressed in a black military uniform and cap as he arrived in Mosul to announce the recapture of the city.

The fighting did not seem to be completely over yet, with gunfire still audible in Mosul and air strikes hitting the city around the time the premier's office released the statement.

The declared victory in Mosul marks an epic milestone for the Iraqi security forces, who had crumbled in the face of an IS onslaught across Iraq in 2014.

IS swept across much of Iraq's Sunni Arab heartland in a lightning offensive that year, proclaiming a self-styled "caliphate" straddling Iraq and neighbouring Syria.

But the jihadist group, which is facing twin offensives backed by a US-led coalition in both countries, has since lost large parts of the territory it once controlled.

The Iraqi forces launched their campaign to recapture Mosul in October, seizing its eastern side in January and launching the battle for its western part the next month.

But the fight grew tougher when Iraqi forces entered the densely populated Old City on the western bank of the Tigris River that divides the city.

In recent days, security forces have killed jihadists trying to escape their dwindling foothold in Mosul, as Iraqi units fought to retake the last two IS-held areas near the Tigris.

Earlier today Iraq's Joint Operations Command had said it killed "30 terrorists" trying to escape across the river.

Even in the final days of the battle, thousands of civilians remained trapped inside the Old City and those who fled arrived grief-stricken after losing relatives in jihadist sniper fire and bombardments.

Around 915,000 residents have fled Mosul since the start of the battle for the city in October, the United Nations said this week.

Iraqi forces are backed by air strikes and advisers of the US-led coalition fighting IS in Iraq and Syria since 2014.

Abadi declared on Twitter late last month that "we are seeing the end of the fake (IS) state".

The recapture of Mosul will not however mark the end of the threat posed by IS, which holds territory elsewhere in Iraq and is able to carry out frequent bombings in government-held areas.

In Syria, a US-backed Kurdish-Arab alliance is fighting to oust the jihadist group from the northern city of Raqa after penetrating its heavily fortified historic centre.

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Agencies
August 4,2020

Beirut, Aug 4: A massive explosion has shaken the Lebanese capital of Beirut, with a very high number of casualties expected.

A warehouse at the Beirut Port caught fire on Tuesday afternoon, triggering a huge explosion, Lebanon’s official National News Agency (NNA) reported.

Several smaller explosions were heard before the bigger one occurred.

Abbas Ibrahim, the head of Lebanon’s General Security, said that “highly explosive materials” confiscated earlier had been stored at the site.

Footage shared on social media captured the moment of the bigger explosion, with a colossal shock wave seen traveling fast across several hundreds of meters and shrouding the area in thick smoke.

The blast left enormous material damage to the surrounding buildings and structures. But it was not immediately known how big an area was affected.

There was also no immediate casualty count. Graphic amateur video from the scene showed bodies strewn on the ground, with their clothes blown off.

The NNA said rescue operations were underway. Ambulances were seen heading toward the scene in central Beirut.

Lebanese LBC television channel quoted Lebanon’s Health Minister Hamad Hasan as saying that the blast had caused a “very high number of injuries” and “extensive damage.”

Beirut Governor Marwan Abboud said an unspecified number of firefighters dispatched to extinguish the initial fire had been killed in the explosion.

“As they were putting out the fire, the explosion took place and we’ve [lost them],” he said, breaking down on live TV.

The explosion comes at a time when the Arab country is passing through its worst economic and financial crisis in decades, and amid rising tensions with Israel.

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Agencies
July 30,2020

Kuwait will allow citizens and residents to travel to and from the country, starting August 1, the government communication center tweeted on early Thursday, citing a cabinet decision.

The decision excludes residents coming from Bangladesh, Philippines, India, Sri Lanka, Pakistan, Iran, Nepal.

Last month, Kuwait announced it would partially resume commercial flights from August, but does not expect to reach full capacity until a year later, as its aviation sector gradually recovers from a suspension sparked by the Covid-19 crisis.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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