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Iran's currency rial has plunged to a new low, amid growing economic uncertainty, rising inflation in the country, and the conflict in neighboring Afghanistan.
Foreign currencies rallied against the fledgling rial on Saturday, with the value of the US dollar crossing the critical 280,000 mark and reaching 283,000 in Tehran's open market.
It is the lowest value Iran's currency has recorded since last October when it touched the historic low of 310,000.
The turbulence in Iran's forex market comes amidst a political transition, with the new economy minister and former conservative lawmaker, Ehsan Khandouzi, taking over on Thursday.
There is still speculation over the appointment of a new head of Iran's state-owned bank, which observers believe has a significant impact on the forex policy. The Central Bank of Iran has often intervened in the forex market via its exchange bureaus.
Amin Sabooni, a senior economic analyst and editor at Iran's leading business daily Financial Tribune, told Anadolu Agency that factors responsible for the rial's nosedive include shortage of foreign currency, gaping holes in the fiscal budget, chronic inflation, central bank money printing machines working round the clock, and no economic roadmap from the new government.
"I have a feeling that the recent trend could well be a de facto devaluation of the rial," he asserted.
The dramatic turn of events in neighboring Afghanistan, and the fall of the western Herat province bordering Iran to the Taliban have also impacted Iran's forex market.
The two countries are economically interconnected as Afghanistan has traditionally been the primary destination for Iran's non-oil exports.
According to some reports, the volume of trade in hard currency transferred to Iran from Afghanistan has amounted to around $5 million each day, which has significantly plummeted in recent days.
Pertinently, Iran's currency has lost over 700% of its value against the US dollar since 2018 when the former US administration of Donald Trump reinstated sanctions on Tehran./agencies
Turkey and Montenegro have set a trade volume target of $250 million, the visiting Turkish president said on Saturday.
Recep Tayyip Erdogan met Montenegrin President Milo Djukanovic in the city of Cetinje, the former royal capital of Montenegro.
Addressing a joint news conference, Erdogan said that his visit to Bosnia and Herzegovina and Montenegro shows Turkey's responsibility to the Balkan countries.
"We set a (bilateral trade) target of $250 million," he said.
“The presence of the Turkish private sector in Montenegro increases our trade volume. Turkey is among the top 10 countries that invest the most in Montenegro. To date, the Turkish Cooperation and Coordination Agency (TIKA) has carried out 399 projects and activities in Montenegro with a total value of more than €20 million. Since it was founded, the Yunus Emre Turkish Cultural Center has given Turkish education to 1,686 students.”
The unity of Bosnia and Herzegovina is very important for Turkey, and it will help overcome disagreements, he asserted.
"During our meetings, we also exchanged views on international developments concerning the Balkans and our countries. We sincerely believe that Montenegro's European Union accession would contribute to peace and prosperity in the entire region," said Erdogan.
"Turkey has a historical responsibility for the Balkans. For this reason, we are making intensive visits to Balkan countries. Unity in Bosnia is very important to Turkey, and I believe that unity will help overcome disagreements," said Erdogan.
‘NATO, EU should welcome Balkan countries’
Djukanovic said that Turkey has a keen understanding of the stability deficit in the Western Balkans and the need to overcome that deficit through the processes of European and Euro-Atlantic integration.
"That is why Turkey insists on open doors from NATO and the EU for the countries of the Western Balkans. President Erdogan and I agreed that there is a real space for improving economic ties, for boosting foreign trade and investment," said Djukanovic.
The Turkish leader on Saturday arrived in Montenegro's capital Podgorica, the second stop on his mini-tour of two Western Balkan countries.
Later, Erdogan is scheduled to meet with Prime Minister Zdravko Krivokapic.
This is Erdogan's first-ever official visit to the Balkan country of about 622,000 people.
During face-to-face meetings, bilateral relations will be reviewed and steps discussed for deepening cooperation.
Sarajevo, Bosnia and Herzegovina on Friday was the first stop of Erdogan’s tour.
Erdogan is accompanied by Culture and Tourism Minister Mehmet Nuri Ersoy, Trade Minister Mehmet Mus, Communications Director Fahrettin Altun, and presidential spokesman Ibrahim Kalin./aa
The United Nations has called on the Palestinian Authority to stop harassing peaceful demonstrators, following the arrest of dozens of activists calling for a transparent trial of killers of critic Nizar Banat.
Stephane Dujarric, spokesperson for the UN Secretary-General, said the international body supports the right of people to demonstrate freely and peacefully.
“We've expressed our concern. We've called for a full investigation, and we always stand by the people's right to demonstrate freely and peacefully and for the authorities to allow them to do so free of harassment,” Dujarric said.
Banat died in Palestinian custody on June 24 after being arrested by security forces. His family and fellow activists called for an investigation into the circumstances of his death.
Banat’s death sparked a widespread outrage among Palestinians, who rallied in various cities across the occupied West Bank to call for the trial of his killers.
The government has since formed an official investigation committee into Banat’s death and 14 Palestinian security personnel have so far been arrested.
Earlier this week, Palestinian security forces arrested dozens of activists attempting to organize sit-ins to protest the lack of accountability of those responsible for Banat’s death./agencies
Turkey has launched a data, infrastructure and ability mobilization for developing technologies based on artificial intelligence (AI), with data, infrastructure and ability featuring as focal points of the novel strategy.
As part of the newly released National Artificial Intelligence Strategy, Turkey defined six priorities covering human capital, research, socioeconomic adaptation, infrastructure, international cooperation, and data quality, Ali Taha Koc, head of the presidency’s Digital Transformation Office, told Anadolu Agency.
The strategy is aimed at increasing the share of artificial intelligence in the country’s GDP to 5%, as well as to create 50,000 jobs in the sector to put Turkey among top 20 countries in the international AI indices.
Global AI expenditures, which currently amount to approximately $50 billion, are forecast to double in five years and will contribute between $13-$15.7 trillion to the global economy by 2030 and 13%-14% of global growth.
Koc stressed that countries which aim to create an AI ecosystem require a labor force that knows AI and can develop algorithms, data for solving problems and processing power.
"We defined 119 steps within six priorities. The first one is increasing AI experts by establishing undergraduate and postgraduate programs at universities," Koc underlined.
Public data
He said the country aims to train 10,000 people with postgraduate degrees within five years.
Another must is the data, he stressed, and highlighted that developing algorithms is impossible without qualified data.
"Thus, we will open our country’s data to citizens and enable them to produce algorithms," he added.
Developing technological infrastructure with high processing capacity may be expensive, so the country will create a public AI ecosystem for providing processing power to citizens and start-ups, he said.
After these steps, new unicorns – private start-ups valued at or over $1 billion – are expected to appear in Turkey, he stated.
Young population
The digital transformation should increase social and economic welfare by benefiting from technological elements, he said.
"We need to use innovative technologies to achieve digital transformation. If we cannot raise awareness of AI in Turkey in a decade, we will not be able to achieve digital transformation," he underlined.
Touching on institutions' moves in this field, he said there will be specific AI strategies in several fields such as the defense industry, health or agriculture.
"We expect from each of our ministries to make their own strategic action plans. For this, we have an executive committee under the chairmanship of the vice president," he said.
The country also created a team for defining institutions' deficiencies and opportunities in the AI field, he added.
For becoming one of top 20 countries globally, Turkey has a great potential -- young population, Koc stressed.
"We will channel this young population into AI technologies. This is our biggest opportunity and chance," he said./aa
President Joe Biden on Saturday warned that another attack on the Kabul airport was "highly likely" and promised to issue a second retaliatory strike against the terrorists responsible for Thursday's suicide bombing.
"The situation on the ground continues to be extremely dangerous, and the threat of terrorist attacks on the airport remains high," Biden said in a statement. "Our commanders informed me that an attack is highly likely in the next 24-36 hours."
Saturday evening the U.S. Embassy in Kabul said all Americans in the vicinity of the airport should leave immediately.
The embassy cited a "specific, credible threat," and said in a statement, "U.S. citizens should avoid traveling to the airport and avoid all airport gates at this time."
The following areas were singled out for immediate evacuation: the airport's south gate, also known as Airport Circle, the new Ministry of the Interior, and the gate near the Panjshir Petrol station on the northwest side of the airport.
The U.S. military is rushing to evacuate the few remaining Americans and Afghan allies fleeing the Taliban before Tuesday's deadline for the U.S. to complete a full military withdrawal. While roughly 350 Americans are left in Afghanistan who wish to leave, there are thousands of Afghans who worked with U.S. during the 20-year war who are still trying to get a flight out of the country.
A suicide bomber attacked a crowded checkpoint outside the Kabul airport on Thursday, killing 13 U.S. military personnel and more than 110 Afghans. U.S. military forces conducted a drone strike on Friday against ISIS-K, the Afghan affiliate of the Islamic State, the terrorist group better known as ISIS, who claimed credit for the suicide bombing.
In the same statement, Biden vowed to issue another retaliatory strike.
"This strike was not the last," Biden said. "We will continue to hunt down any person involved in that heinous attack and make them pay. Whenever anyone seeks to harm the United States or attack our troops, we will respond."
Pentagon press secretary John Kirby declined to say on Saturday whether the ISIS-K members killed in Friday's strike were directly involved in the Kabul airport attack.
"They were ISIS-K planners and facilitators. That's enough reason there alone," Kirby told reporters. "I won't speak to the details of these individuals or what their specific roles might be."
Kirby also said that some military personnel had already begun to leave Afghanistan ahead of the Aug. 31 withdrawal. The thinning number of troops on the ground will likely lead to a slower pace in evacuations.
As the mission winds down, Biden said U.S. military personnel were continuing to evacuate civilians "despite the treacherous situation in Kabul" and he was working with his national security team to "help people continue to leave Afghanistan after our military departs."/NBC News
Thirteen U.S. service members and at least 170 Afghan civilians died Thursday in a suicide bombing near the international airport in Kabul, the capital of Afghanistan. The Islamic State group’s Afghan affiliate, called the Islamic State Khorasan, or ISIS-K, claimed responsibility for the attack.
For many, the affiliate group is obscure and its identity confusing amid a conflict that has been dominated by the Taliban and its battle with U.S. forces and the Western-backed government it recently toppled. How much of a threat ISIS-K poses to U.S. interests has been the subject of controversy in recent years even among intelligence and policy experts.
The group, which formed in 2015, is the local franchise of the Islamic State of Iraq and Syria, or ISIS — the Islamic extremists who swept to power in large parts of those two countries in 2014 before it was beaten back by local and U.S. coalition forces. According to a recent government intelligence document obtained by Yahoo News, ISIS-K “has had relations with the Pakistani Taliban (Tehrik-i-Taliban Pakistan), and has a large membership of Pakistani nationals. The group has had presence in Afghanistan, Pakistan, Tajikistan, Uzbekistan and India.”
The goal of ISIS, the main organization, is to create a global Islamic state, or caliphate, that follows its own very extreme interpretation of Islam. Its methods are notoriously brutal, including filmed beheadings, mass executions, rape and sex slavery. (The group and its methods bear little resemblance to the religion that is practiced by the vast majority of the nearly 2 billion Muslims around the world.)
The former leader, or caliph, of ISIS, Abu Bakr al-Baghdadi, died in a U.S. raid in October 2019 and was replaced by Abu Ibrahim al-Hashimi al-Qurashi.
Local affiliates — or “provinces,” as ISIS calls them — pledge loyalty to the caliph. They also get strategic direction from the core ISIS leadership in Iraq and Syria, and they share its broader goals. But affiliates largely run their own day-to-day operations, according to Naureen Chowdhury Fink, executive director of the Soufan Center.
“There isn’t always a direct relationship with the core,” Fink said. “But a lot of the guidance and, say, strategic direction that ISIS’s core set up, the affiliates take and localize.”
ISIS has carried out deadly attacks in the U.S. and in Europe, some directed by the group’s leadership in Iraq and Syria and others simply inspired by its rhetoric. But experts who spoke with Yahoo News said ISIS-K is primarily focused on the fight in and around Afghanistan and Pakistan.
From its beginnings, ISIS-K has defined itself against the Taliban and al-Qaida. The split is both ideological and strategic.
Ideologically, ISIS-K is part of a worldwide movement to build a global Islamic caliphate centered in Iraq and Syria, with the leader of ISIS as its head. It has described the Taliban as “filthy nationalists” who are primarily concerned with getting and maintaining power inside Afghanistan.
The Taliban’s negotiations with the U.S. and its move into power have also given ISIS-K an opportunity to paint the Taliban — which impose their own extreme interpretation of Islamic law — as collaborators with the U.S. and other Western powers.
“It sort of helps confirm the [ISIS-K] rhetoric that it’s another flavor of Westernized haram government,” said Fink, using an Arabic term for something that is forbidden in Islam.
At its height, ISIS-K had as many as 4,000 fighters in Afghanistan, according to Andrew Mines, a research fellow at the Program on Extremism at George Washington University. It also controlled some territory within Afghanistan — one of the prerequisites for a caliphate. But Afghan and U.S. coalition forces retook those territories in November 2019. Around 1,400 ISIS-K fighters surrendered, putting the group in what Mines called “a rebuilding phase.”
The group has also suffered a series of losses in its senior leadership.
Still, its setbacks in 2019 and the Taliban’s rise to power could make ISIS-K all the more dangerous as it tries to stay relevant and attract disaffected Taliban fighters to its ranks, Mines said.
“When they are on that low rung, these kinds of strategic attacks become much more important to stay relevant, to signal resolve, and just to basically stay on the map and keep the small numbers of fighters that they have left in their ranks,” he said.
The key to the group’s survival since 2015 has been its ability to replenish its ranks after counterterrorism operations, its willingness to form strategic alliances with other militant groups in the region, and its deep bench of potential fighters from Afghanistan, Pakistan and elsewhere.
Both Mines and Fink emphasized that it’s a regional group that operates across the Durand Line that divides Afghanistan and Pakistan. That means any attempt to rein it in will require more than just Afghan, U.S. or coalition efforts.
“What we need is a reasonable strategy that coordinates with regional partners,” Mines said.
That looks increasingly unlikely as the security situation deteriorates and as Pakistan and other regional powers jockey for influence in the new Afghanistan.
Current estimates put the size of ISIS-K at between 1,500 and 2,000 fighters in the region. Even before the suicide bombing at the Kabul airport, the group carried out a string of at least 77 attacks in the first four months of 2021 alone, according to the United Nations.
Those attacks have tended to target religious and ethnic minorities within Afghanistan, which experts said is an intentional tactic to drive a wedge in society.
ISIS members and their weapons after their surrender to the Afghanistan government in Jalalabad in November 2019. (Noorullah Shirzada/AFP via Getty Images)
But ISIS-K has also targeted Afghan security and intelligence forces, according to Mines, in a way that’s similar to what ISIS did in Iraq before its rapid rise to power in 2014. That could mean that Taliban security and intelligence forces will now be in the crosshairs.
Attacks like the one at the airport in Kabul are meant to undermine public confidence in the Taliban’s ability to maintain order and destabilize the country, experts said, creating a vacuum for ISIS-K to fill. The question now is whether the Taliban can live up to their promise of bringing stability to the country — even if it is at the end of a truncheon.
“ISIS-K is a sworn enemy of the Taliban,” Madiha Afzal, a foreign policy fellow at the Brookings Institution, said after the airport attack. “Even before today’s complex attack in Kabul, there had been real questions about how effective an eventual Taliban government would be in warding off ISIS-K threats.”
Lost in all this are the Afghans who’ve spent the past two decades trying to build a civil society that neither the Taliban nor ISIS-K is likely to tolerate. The Taliban’s rise to power has already seen thousands leave the country, including journalists, activists, athletes and even its celebrated girls’ robotics team.
Fink cautioned against letting ISIS-K paint the Taliban as “the good bad guys” just because they are willing to negotiate with the United States.
“Really, they’re not so different if you’re a civilian in their midst,” she said./Yahoo News
Those infected with the Delta variant are twice as likely to be hospitalized as people with the Alpha strain, according to a study published in The Lancet on Friday.
By the numbers: The study evaluated more than 43,300 coronavirus cases that took place between March 29 and May 23, with approximately 74% of individuals who were unvaccinated.
What they're saying: "Results suggest that outbreaks of the delta variant in unvaccinated populations might lead to a greater burden on health-care services than the alpha variant," the study says.
The big picture: These findings agree with those from the Centers for Disease Control and Prevention, which in late July determined that infection and hospitalization rates were 5 and 29 times higher, respectively, among unvaccinated people in Los Angeles County than the fully vaccinated.
Zoom out: 52% of the entire population in US is fully vaccinated, according to CDC data.
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Axios
Kuwaiti authorities have said that winter camping, a popular tradition in the country, will be allowed again, a year after it was suspended due to the global COVID-19 pandemic.
Camping in outdoor areas will be allowed as of November 15 until mid-March, according to a Kuwaiti official.
“There is still time to determine the required health conditions and precautionary measures during the camping season,” added Ahmed Al Manfuhi, the head of a ministerial committee in charge of enforcing anti-coronavirus steps.
He added that the panel is working on setting the health measures that must be observed during camping, such as the area of each camp.
Kuwait has recently seen a steep decline in COVID-19 infection rates and relaxed health restrictions amid stepped-up mass vaccination.
Earlier this month, Kuwaiti Prime Minister Sabah Al Khaled said that the country is on track to achieve herd immunity, where 70 per cent of the population is vaccinated against COVID-19 by the end of September./agencies
Three missiles targeted the US military base near the Jraischan border crossing between Iraq and Kuwait, Baghdad-based Sumaria TV reported on Friday.
“Two missiles targeted the area surrounding the US military base in Jraischan border crossing between with Kuwait. The Third missile overshot the base and moved towards Kuwaiti lands,” Sumaria TV said.
However, Kuwait’s state news agency reported: “Kuwait Army Chief of Staff denied what was being circulated through various media outlets regarding three missiles crossing the Kuwaiti airspace. It stressed that the Kuwaiti border is stable and secure.”
Kuwait, which borders Iraq and lies near Iran at the north end of the Gulf, has a large US military presence. The United States uses bases in Kuwait as staging hubs, training ranges and logistical support for regional operations. Bases used by the United States include Camp Arifjan, Camp Buehring, Ali Al Salem Air Field and the naval base Camp Patriot.
Locations of American forces and contractors in Iraq have been regularly targeted with missile attacks. The attacks have been claimed by groups that both US and Iraqi officials have described as smokescreens for well-known Iran-aligned armed factions in Iraq./agencies
The coronavirus was not been developed as a "biological weapon," according to a report by the US intelligence community (IC) on Friday.
"The IC assesses that SARS-CoV-2, the virus that causes COVID-19, probably emerged and infected humans through an initial small-scale exposure that occurred no later than November 2019 with the first known cluster of COVID-19 cases arising in Wuhan, China in December 2019," said an unclassified summary of the IC assessment on the origins of the virus that was released by the Office of the Director of National Intelligence.
Noting that all agencies assessed two plausible hypotheses -- natural exposure to an infected animal and a laboratory-associated incident -- the report stressed that the IC remains divided on the most likely origin of the virus.
"Four IC elements and the National Intelligence Council assess with low confidence that the initial SARS-CoV-2 infection was most likely caused by natural exposure to an animal infected with it or a close progenitor virus—a virus that probably would be more than 99 percent similar to SARS-CoV-2," it said, adding that analysts "give weight" to Chinese officials’ lack of foreknowledge, numerous vectors for natural exposure and other factors.
On the other hand, one IC element assessed "with moderate confidence" that the first human infection of SARS-CoV-2 "most likely" was the result of a laboratory-associated incident, probably involving experimentation, animal handling or sampling by the Wuhan Institute of Virology.
"These analysts give weight to the inherently risky nature of work on coronaviruses," it said.
Meanwhile, analysts at three IC elements "remain unable to coalesce" around either explanation without additional information, with some favoring natural origin, others a laboratory origin and some seeing the hypotheses as equally likely.
The report revealed variations in analytic views largely stem from differences in how agencies weigh intelligence reporting and scientific publications, and intelligence and scientific gaps.
"The IC judges they will be unable to provide a more definitive explanation for the origin of COVID-19 unless new information allows them to determine the specific pathway for initial natural contact with an animal or to determine that a laboratory in Wuhan was handling SARSCoV-2 or a close progenitor virus before COVID-19 emerged."
It emphasized that the IC and the global scientific community "lacks" clinical samples or a complete understanding of epidemiological data from the earliest COVID-19 cases.
Obtaining information on the earliest cases that identified a location of interest or occupational exposure may alter the evaluation of hypotheses, said the statement.
"China’s cooperation most likely would be needed to reach a conclusive assessment of the origins of COVID-19. Beijing, however, continues to hinder the global investigation, resist sharing information and blame other countries, including the United States," it said.
The report concluded that the abovementioned actions reflect, in part, the Chinese government’s "own uncertainty" about where an investigation could lead, as well as its "frustration" that the international community is using the issue to exert political pressure on China./agencies