Latest news with #Shafaq
Shafaq News
4 days ago
- Politics
- Shafaq News
US pushes for Suwayda humanitarian corridor
Shafaq news – Washington / Damascus The White House is mediating between Syria and Israel to establish a humanitarian corridor to Syria's Suwayda province, Axios reported Tuesday. Citing officials familiar with the matter, the report noted that Syria raised concerns the corridor could be exploited for smuggling weapons, cautioning that Jordan's recent refusal to allow Israeli aid to pass through its territory prompted Israel to deliver assistance by air. Meanwhile, the Syrian foreign minister is scheduled to meet Israeli officials in Paris, with US Special Envoy to Syria Tom Barrack attending, to discuss steps toward implementing the corridor. Earlier today, Syria, Jordan, and the United States agreed to form a joint working group aimed at enhancing security in Suwayda province. Participants further recognized the Syrian government's humanitarian efforts, including the restoration of essential services and accountability for those responsible for violations. Tensions in Suwayda have escalated in recent weeks amid clashes between Druze and Bedouin factions. The Syrian Observatory for Human Rights reported at least 1,300 deaths. Despite a brokered ceasefire, violations involving mortars and heavy weapons continue. Several local and human rights organizations accuse the Syrian government of imposing a blockade on the province. Damascus denies these claims, maintaining that aid deliveries have proceeded without interruption.
Shafaq News
5 days ago
- Shafaq News
Kurdistan's Erbil mourns prominent bodybuilder
Shafaq news – Erbil On Monday, Erbil Governor Omed Khoshnaw met with the family of bodybuilder Hamoudi Riyadh, who was killed days ago in a shooting at a fuel station. According to the governor's media office, Khoshnaw updated the family on the investigation, assuring them that the court will issue and carry out a death sentence. Currently visiting Erbil to attend to affairs related to the tragedy, the family is also expected to meet Kurdish leader Masoud Barzani during their visit. Local police reported that the fatal incident began last Wednesday with a dispute between a car driver and a fuel station employee near Majidi Mall in Erbil. The argument quickly escalated to gunfire, killing three people, including Riyadh. Riyadh, known for his competitive spirit and strong ethics, was a prominent young bodybuilder who held several Regional and national titles.
Shafaq News
13-06-2025
- Business
- Shafaq News
Oil jumps over 7% after Israel strikes Iran
Shafaq news/ Oil prices jumped over 7% on Friday to multi-month highs after Israel launched air strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies. Brent crude futures were up $4.94, or 7.12%, to $74.30 a barrel at 1442 GMT, after hitting an intraday high of $78.50, the strongest level since January 27. U.S. West Texas Intermediate crude was up $4.72, or 6.94%, at $72.75, touching its highest since January 21 at $77.62 earlier in the session. Friday's gains were the largest intraday moves for both contracts since 2022, after Russia's invasion of Ukraine caused a spike in energy prices. Israel said it had targeted Iran's nuclear facilities, ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon. Iran has promised a harsh response. U.S. President Donald Trump urged Iran to make a deal over its nuclear programme, to put an end to the "next already planned attacks." The National Iranian Oil Refining and Distribution Company said oil refining and storage facilities had not been damaged and continued to operate. The primary concern was whether the latest developments would affect the Strait of Hormuz, said Nikos Tzabouras, senior market analyst at "Sustained upside would require actual disruptions to physical flows - such as damage to Iran's oil infrastructure or a blockade of the Strait of Hormuz, a key global chokepoint," Tzabouras said in a note on Friday morning. About a fifth of the world's total oil consumption passes through the strait, or some 18 to 19 million barrels per day (bpd) of oil, condensate and fuel. So far, no impact to oil flow in the region has been seen, Saxo Bank analyst Ole Hansen said. "No energy installations have been impacted by the Israeli strikes, so unless Iran decides to drag other nations, especially the U.S. into the conflict, the risk of a supply disruption remains low and should over time reduce the risk premium," Hansen said. Iran could pay a heavy price for blockage of the Strait of Hormuz, which it and its neighbors rely on to ship oil to Asian markets, analysts said on Friday. "Iran's economy heavily relies on the free passage of goods and vessels through the seaway, as its oil exports are entirely sea-based. Finally, cutting off the Strait of Hormuz would be counterproductive to Iran's relationship with its sole oil customer, China, said Natasha Kaneva, Prateek Kedia, Lyuba Savinova, analysts with JP Morgan. In other markets, stocks dived and there was a rush to safe havens such as gold and the U.S. dollar and Swiss franc.
Iraq Business
28-05-2025
- Business
- Iraq Business
Dinar-Dollar Volatility: Seasonal and Structural Factors
By John Lee. A report by the Future Iraq Institute for Economic Studies and Consultations reportedly highlights significant fluctuations in the exchange rate of the Iraqi Dinar (IQD) against the US Dollar on the parallel market over the past two decades, driven by a mix of seasonal, political, and macroeconomic factors. Key factors cited in the report include: Timing of national budget releases; Public holidays in major trading countries, especially China and Iran; Dollar sales by the Central Bank of Iraq (CBI); Political developments and financial policy changes; Geopolitical disruptions affecting foreign currency demand. Click here to read report from Shafaq. (Source: Shafaq) Tags: Central Bank of Iraq (CBI), cg, Dollar, exchange rate, featured, foreign exchange, forex, Future Iraq Institute, inflation, IQD, Iraqi Dinar News
Express Tribune
21-04-2025
- Express Tribune
Girl 'abducted, raped, murdered' in Pindi
People gather as an ambulance carries the dead body of an unidentified woman killed in an explosion that occurred while revellers were swimming at the Lido beach in Mogadishu, Somalia August 3, 2024. PHOTO:REUTERS A seven-year-old girl was allegedly abducted, sexually assaulted, and murdered in the Mandrah area of Rawalpindi. According to police, the incident took place in the Paanch Marla Scheme area under the jurisdiction of the Mandrah police station. The victim's father, Nauman Farzan Masih, stated that he has two daughters and two sons, with the eldest being seven-year-old victim. On the day of the incident, relatives were visiting the house for a community Eid gathering. Around 3pm, Shafaq went outside to play near the house. When she didn't return by 6pm, the family began searching for her. After failing to get any information from neighbours and relatives, the father, along with his wife and brother-in-law, continued searching and eventually reached the upper floor of an under-construction house in the neighbourhood, owned by a man named Shoaib. There, in a room resembling a washroom or storage area, they found Shafaq's lifeless body. There were visible injuries on her neck and forehead, he said. The father alleged that unknown individual(s) abducted his daughter, subjected her to sexual assault, and then murdered her. Police have registered a case under Section 364-A (kidnapping of a minor), 376(iii) (rape), and 302 (murder) of the Pakistan Penal Code. According to officials, the girl's postmortem was delayed due to the unavailability of the Punjab Forensic Science Agency (PFSA) and the victim's parents were made to wait the whole night at the Gujar Khan hospital. Upon complaining, they were told the PFSA team had gone to Attock. However, the team arrived in the morning. The police said the case has been registered under the complaint of the victim's father.
