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FOREX trader arrested on fraud charges in Erbil
FOREX trader arrested on fraud charges in Erbil

Rudaw Net

time11-04-2025

  • Business
  • Rudaw Net

FOREX trader arrested on fraud charges in Erbil

Also in Kurdistan Kurdistan Islamic parties say Erbil authorities blocked Gaza rally Kurdistan Region security identify ISIS-linked assailant behind attack on Christians Assyrian, Chaldean Christian heritage showcased at Ankawa festival KDP leader Barzani urges KDP, PUK to accelerate government formation A+ A- ERBIL, Kurdistan Region - Erbil security forces (Asayish) on Thursday announced the arrest of a broker on fraud charges, after the force warned against trading in digital currencies. 'By order of the investigating judge, the Asayish Directorate of Erbil arrested the suspect T. S. A., owner of the company Twana FX, on charges of fraud and deceiving youth, as well as promoting electronic currency trading (FOREX) by publishing video clips,' read a statement from the Asayish. 'Following an investigation by our economic team, it was found that the company is neither licensed nor registered. It is important to note that trading in FOREX is illegal and unregulated, and it leads to the loss of citizens' money and assets,' the statement added. 'We urge the public to avoid engaging in such types of business and transactions to protect their wealth.' In a statement on Tuesday, the Asayish said that 'dealing with all types of electronic and virtual currencies (FOREX) and USDT is prohibited.' Virtual currencies like USDT (Tether cryptocurrency) are increasingly used in global financial markets but remain largely unregulated in Iraq and the Kurdistan Region. They are, however, gaining popularity in the region, with many people, particularly youth, pursuing cryptocurrency trading as an alternative to a full-time job. In February, Iraq's Rafidain and Rasheed banks both issued warnings against using virtual currencies.

Kurdistan Islamic parties say Erbil authorities blocked Gaza rally
Kurdistan Islamic parties say Erbil authorities blocked Gaza rally

Rudaw Net

time10-04-2025

  • Politics
  • Rudaw Net

Kurdistan Islamic parties say Erbil authorities blocked Gaza rally

Also in Kurdistan Formation of new KRG government 'different' this time around: Qubad Talabani Kurdistan Region security identify ISIS-linked assailant behind attack on Christians Assyrian, Chaldean Christian heritage showcased at Ankawa festival KDP leader Barzani urges KDP, PUK to accelerate government formation A+ A- ERBIL, Kurdistan Region - The Kurdistan Region's two main Islamic opposition parties said on Thursday that Erbil province authorities rejected their request to hold a mass rally in support of Gaza. The Kurdistan Islamic Union (KIU) and the Kurdistan Justice Group (Komal) stated in a joint statement on Wednesday that they had plans to hold a rally on Saturday, in solidarity with Gaza in front of Erbil's Shanidar Park, near the city's historic citadel. 'We will hold a mass rally to support the Gaza Strip against the genocide they are facing,' read a joint statement by the two parties. However, on Thursday, the two parties said that their representatives had approached the Erbil provincial office to request 'authorization [to hold the rally] and security coverage for our rally from the relevant authorities,' but their request was denied. Speaking to Rudaw on condition of anonymity, a senior source from Erbil's provincial office said on Thursday that other groups had also submitted requests to hold rallies in support of Gaza. However, all such requests have been turned down because 'such a rally in Erbil is deemed unnecessary.' Komal and the KIU had stated on Wednesday, 'As always, as a religious and humanitarian duty, we strongly condemn the crimes against humanity committed by the occupier [Israeli] army, in a flagrant violation of all heavenly and humanitarian laws and norms.' 'We urge international organizations to put an end to these [Israeli] crimes,' they added. In October 2023, the Palestinian movement Hamas launched a large-scale incursion into southern Israel, killing more than 1,170 people, according to Israeli figures. Israel responded with a massive offensive in Gaza that killed 50,000 people, mostly Palestinian civilians, according to the Gaza health ministry. Following 15 months of war, Israel and Hamas agreed to a ceasefire which went into effect in mid-January. However, on March 18, Israel launched new attacks on Gaza, killing more than 1400 Palestinians and injuring more than 2500 others, according to the Gaza health ministry. Israel says the offensive aims to secure the return of 59 hostages still held by Hamas. In the Kurdistan Region, humanitarian efforts in support of Gaza have continued. Haji Karwan, a former member of the KIU and head of the Erbil-based Bextewery Organization, told Rudaw's Nwenar Fatih in early April that his organization has sent $5 million in aid to Gaza since the start of the war. The aid, he said, was raised through public donations across the Kurdistan Region. For its part, the Erbil-based Barzani Charity Foundation (BCF) announced in November 2023 that it would send humanitarian aid to Gaza in support of the Palestinian people. The aid package included 14 tons of medicine and medical supplies, 2,500 food parcels, 200 boxes of hygiene products, and 400 large cartons of clothes. BCF President Musa Ahmad said his foundation coordinated with Palestinian officials and partner organizations to deliver the aid.

Formation of new KRG government ‘different' this time around: Qubad Talabani
Formation of new KRG government ‘different' this time around: Qubad Talabani

Rudaw Net

time10-04-2025

  • Politics
  • Rudaw Net

Formation of new KRG government ‘different' this time around: Qubad Talabani

Also in Kurdistan Kurdistan Islamic parties say Erbil authorities blocked Gaza rally Kurdistan Region security identify ISIS-linked assailant behind attack on Christians Assyrian, Chaldean Christian heritage showcased at Ankawa festival KDP leader Barzani urges KDP, PUK to accelerate government formation A+ A- ERBIL, Kurdistan Region - Qubad Talabani, the Kurdistan Regional Government Deputy Prime Minister and leading member of the Patriotic Union of Kurdistan (PUK), expressed optimism about the process of forming a new coalition government with the Kurdistan Democratic Party (KDP). The process will be 'different' this time, he stressed. In an interview with Rudaw on Thursday, Talabani stated that 'this time, we had a deep and lengthy discussion with the brothers in the Kurdistan Democratic Party on a common vision for governance, and we have been able to reach a common vision in the several meetings we recently held.' The senior KRG official noted that despite the strong relationship binding the two parties, forming a coalition government between the KDP and the PUK is a challenge, however, 'This time, we aim to form the government in a different manner.' The Kurdistan Region held its long-delayed parliamentary elections in October. The KDP came out on top winning 39 seats in the 100-member parliament. The PUK came in second with 23 spots. Since no single party won a majority, a governing coalition will need to be formed, as has traditionally been the case. Talabani emphasized on Thursday that decisions regarding government positions should also be made through 'mutual understanding,' just like all other matters in the government and as has been the practice in governance so far. 'Now, we are gradually moving into another stage in which we will discuss cabinet formation. I am optimistic about this process. It is true that it is not easy, but we will form a government, announce it, and we hope that the next government will be the best government in the Kurdistan Region.' Talabani accordingly emphasized that they are making every effort to form the 10th government cabinet ahead of the Iraqi parliamentary elections, slated on November 11. Kurdistan Region President Nechirvan Barzani, who is also the KDP's deputy leader, said that neither the KDP nor the PUK intends to delay the formation of the upcoming cabinet. President Barzani conveyed his hope that talks between the two parties would continue soon. PUK spokesperson Saadi Ahmed Pira told Rudaw in late March that the distribution of posts in the new cabinet would be decided after Eid al-Fitr in early April, noting that both sides were 'very close' to reaching an agreement.

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