Latest news with #KDP
Rudaw Net
6 hours ago
- Business
- Rudaw Net
Iraqi PM inaugurates Mosul airport on anniversary of city's liberation from ISIS
Also in Iraq At least 50 killed, dozens missing in Iraq shopping mall fire Cardinal Sako urges Iraqi PM to halt 'violations' against Christian sites in Najaf Senior KDP, PUK figures to meet Iraqi PM amid financial crisis Iraq's three presidencies condemn 'drone attacks' on Kurdistan oil fields A+ A- ERBIL, Kurdistan Region - Iraqi Prime Minister Mohammed Shia' al-Sudani inaugurated Mosul International Airport on Wednesday, on the anniversary of the city's liberation from the Islamic State (ISIS). In a brief statement on X, Sudani's office confirmed the news, sharing pictures of the inauguration ceremony. Mosul, the capital of Iraq's northern Nineveh province, was captured by ISIS in June 2014 during the group's rapid expansion across Iraq and Syria. The airport was heavily damaged during the occupation, and the city was declared the capital of ISIS' so-called caliphate. Reconstruction of the airport began in August 2022 with a budget of around 200 billion Iraqi dinars (approximately $142.8 million). The reopening was initially set for June 10 to mark the anniversary of the airport's fall to ISIS - a symbolic gesture meant to 'send a message of defiance against terrorism,' said Mohammed Kakayi, head of Nineveh's provincial council security committee, in an interview with Rudaw in early June. He added that the ceremony was postponed due to the prime minister's crowded schedule. Originally established in 1920, the airport spans roughly 1,600 dunams. It marked a key milestone in early June when a plane completed the first test landing in over a decade. Nineveh Governor Abdulqadir al-Dakhil, who was aboard the test flight, called it 'historic' and 'long awaited.' Speaking to the state-run Iraqi News Agency (INA), he confirmed that 'preparations for the inauguration of Mosul International Airport have been completed. 'The airport will officially open soon,' Dakhil then said. During its occupation of Mosul, ISIS imposed a harsh interpretation of Sharia law, carried out widespread human rights violations, and destroyed numerous religious and cultural sites. A major operation to retake the city began in October 2016, led by Iraqi forces with critical support from the US-led Global Coalition to Defeat ISIS. Kurdish Peshmerga forces also played a vital role in the offensive, particularly in securing the eastern and northern flanks, clearing surrounding areas, and cutting off ISIS supply lines. Mosul International Airport was recaptured in February 2017, and the city was officially declared liberated on July 10 of the same year.
Yahoo
20 hours ago
- Business
- Yahoo
Barclays Trims Keurig Dr Pepper (KDP) Price Target, Maintains Overweight Rating
Keurig Dr Pepper Inc. (NASDAQ:KDP) is one of the Best Non-Mega Cap NASDAQ Stocks to Buy Right Now. Barclays has lowered its price target on Keurig Dr Pepper Inc. (NASDAQ:KDP) to $37 from $38, while maintaining an rating on the stock. The revision follows a series of investor meetings with company management, during which Barclays updated its financial model based on new insights. A conveyor belt filled with assorted K-Cup pods, ready for packaging. Though the price target adjustment is modest, it reflects a recalibration of near-term expectations rather than a shift in overall outlook. The firm continues to view Keurig Dr Pepper Inc. (NASDAQ:KDP) as well-positioned within the beverage sector, citing stable fundamentals and a balanced portfolio spanning both hot and cold drink categories. Barclays noted that management remains focused on execution, particularly around pricing strategies, innovation, and supply chain efficiency. While certain category pressures persist, especially in the face of changing consumer preferences and cost sensitivities, the company has shown an ability to adapt and protect margins. The updated model incorporates refined assumptions around volume trends and promotional activity, with Barclays anticipating steady performance but acknowledging a more competitive environment. Despite trimming the target, the firm sees potential for upside, supported by brand strength and disciplined capital deployment. Keurig Dr Pepper shares were little changed in Monday trading, as investors weighed the revised outlook against broader market conditions and sector-specific headwinds. While we acknowledge the potential of KDP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Healthcare AI Stocks to Buy According to Hedge Funds and 10 Consumer Defensive Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Rudaw Net
a day ago
- Business
- Rudaw Net
KRG approves ‘understanding' with Baghdad on budget issues
Also in Kurdistan Top Foxtrot member arrested in Erbil: Swedish media President Barzani, Estonian defense minister discuss defense ties, regional developments KRG cabinet to address financial crisis amid new round of meetings with Baghdad KRG ministry condemns drone strikes on Duhok oil fields as operations halt A+ A- ERBIL, Kurdistan Region - The Kurdistan Regional Government (KRG) announced on Wednesday that it has reached a new "understanding" with Baghdad aimed at resolving the ongoing budget dispute that has left more than 1.2 million public employees in the Kurdistan Region without salaries for over two months. In an official statement, the KRG said it had "approved a new understanding" with the federal government regarding the disbursement of salaries and financial entitlements. The night before, a fresh round of high-level meetings kicked off between Kurdish officials from the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) with top Iraqi leaders in Baghdad. Rudaw learned that PUK leader Bafel Talabani and Iraqi Foreign Minister Fuad Hussein - a senior KDP figure - met with Iraqi Prime Minister Mohammed Shia' al-Sudani on Tuesday. Supreme Judicial Council head Faiq Zidan also attended the meeting. A source familiar with the matter said a member of the KDP politburo is also expected to join the talks, and that further meetings are planned for Wednesday with several political leaders, including from Iraq's ruling Shiite-led Coordination Framework. During the KRG's regular cabinet session on Wednesday, Kurdistan Region Prime Minister Masrour Barzani and his Deputy Qubad Talabani 'presented details of the mutual understanding that emerged yesterday [Tuesday] with Baghdad, regarding the provision of the Kurdistan Region's financial entitlements and its [corresponding] obligations.' According to the KRG statement, the cabinet 'welcomed' the understanding and 'decided to implement the crux' of it, to prompt the federal government to facilitate 'the transfer of salaries and financial dues from the federal government.' Tensions between Erbil and Baghdad escalated in late May when Iraq's federal finance ministry suspended budget transfers to the KRG. The ministry accused Erbil of receiving more than its 12.67 percent share of the federal budget and failing to deliver the agreed-upon volume of oil to the State Oil Marketing Organization (SOMO). The suspension led to a halt in salary payments to public sector employees. On a different note, Wednesday marked the third consecutive day of drone attacks targeting oil infrastructure in the Region. The KRG cabinet strongly condemned the "terrorist attacks on the Kurdistan Region, especially the oil fields, which have caused significant material damage to the oil production process and are aimed at striking the Kurdistan Region's economic and energy infrastructure." The KRG called on Baghdad to take responsibility by "putting an end to these attacks and taking legal action against the saboteurs." Drone strikes in the Kurdistan Region have increased since the outbreak of a 12-day conflict between Israel and Iran that began on June 13 and ended with a US-brokered ceasefire. While no group has claimed responsibility for the recent attacks, the Kurdistan Region's interior ministry in early July accused the Popular Mobilization Forces (PMF) of involvement - an allegation Baghdad has dismissed as 'unacceptable.'
Rudaw Net
a day ago
- Business
- Rudaw Net
KRG cabinet to address financial crisis amid new round of meetings with Baghdad
Also in Kurdistan KRG ministry condemns drone strikes on Duhok oil fields as operations halt Kurdistan oil fields targeted for third day in a row in drone attacks Archaeologists unearth over 6,000-year-old settlement near Erbil KRG minister slams Baghdad for failing to uphold constitutional obligations A+ A- ERBIL, Kurdistan Region - The Kurdistan Regional Government's (KRG) Council of Ministers is set to meet on Wednesday to address the ongoing financial dispute with Baghdad, the prolonged delay in public sector salary payments, and efforts to resume Kurdish oil exports. According to an official statement posted on the KRG's Facebook page, the meeting will be chaired by Kurdistan Region Prime Minister Masrour Barzani and will focus on 'the financial situation of the Kurdistan Region, the course of negotiations and dialogue with the federal government [in Baghdad], and developments related to salaries and oil exports.' Tensions between Erbil and Baghdad escalated in late May after Iraq's federal finance ministry suspended budget transfers to the KRG. The ministry accused the KRG of exceeding its 12.67 percent share of the federal budget and failing to deliver the agreed-upon volume of oil to the State Oil Marketing Organization (SOMO). The decision effectively halted salary disbursements for over 1.2 million public employees in the Kurdistan Region. Wednesday's cabinet meeting comes just one day after senior Kurdish officials from the ruling Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) began a new round of meetings with top Iraqi leaders in Baghdad. Rudaw learned that PUK leader Bafel Talabani and Iraqi Foreign Minister Fuad Hussein - a senior KDP figure - met with Iraqi Prime Minister Mohammed Shia' al-Sudani on Tuesday. Supreme Judicial Council head Faiq Zidan also attended the meeting. A source familiar with the matter said a member of the KDP politburo is also expected to join the talks. Further meetings are also planned for Wednesday with several political leaders, including from Iraq's ruling Shiite-led Coordination Framework. These intensified efforts follow a high-level Kurdish meeting held Monday in Erbil's Pirmam district, aimed at forming a 'unified stance' on the disputes with Baghdad. A joint statement following the meeting said it was chaired by preeminent Kurdish leader and KDP head Masoud Barzani, with Kurdistan Region President Nechirvan Barzani and PUK leader Talabani also in attendance. The Kurdish parties pledged to adopt a unified strategy to 'intensify efforts' and 'ensure the provision of salaries and entitlements for the Kurdistan Region,' emphasizing that all steps would be taken within the constitutional framework. The latest developments also follow a special session by the KRG cabinet on Sunday, to address the worsening financial crisis as well. A day prior, the KDP had issued a strong warning, saying it would give Baghdad a 'final chance' to resolve the ongoing budget dispute.
Rudaw Net
2 days ago
- Business
- Rudaw Net
Cardinal Sako urges Iraqi PM to halt ‘violations' against Christian sites in Najaf
Also in Iraq Senior KDP, PUK figures to meet Iraqi PM amid financial crisis Iraq's three presidencies condemn 'drone attacks' on Kurdistan oil fields Kurdistan Region presidency condemns drone strikes on oil fields, urges Baghdad to act Iraq signs oil deal with US firm A+ A- ERBIL, Kurdistan Region - Cardinal Louis Raphael Sako, Patriarch of the Chaldean Catholic Church, on Tuesday called on Iraqi Prime Minister Mohammed Shia' al-Sudani to intervene and halt what he described as violations against sacred Christian sites in the southern province of Najaf. This follows reports that land belonging to historic Christian cemeteries is being considered for investment projects. In a statement, Sako Cardinal Sako cited a 'reliable source' in Najaf indicating that 'ongoing attempts are underway to convert historic Christian cemeteries into investment sites.' He highlighted two specific cemeteries under threat: the al-Manathira Cemetery, which houses 'prominent patriarchal tombs,' and the "Umm Khashm Cemetery for Christian Manathira,' both located in Najaf. Sako urgently appealed to Sudani to ensure that 'these archaeological sites are protected and fenced,' and that 'no approval is granted for private investment projects that would erase their historical and religious features.' He proposed instead that these Christian heritage sites be preserved and developed into religious and cultural tourism destinations, generating long-term economic benefits for the country. Beyond threats to their heritage, Iraq's Christian community has suffered significant decline over the past two decades. Their population has dwindled from an estimated 1.5 million before the 2003 US-led invasion to roughly 250,000 today. The mass migration of Christians was further accelerated by the rise of the Islamic State (ISIS) in 2014, when the extremist group captured large swathes of northern and central Iraq.
