Iran denounces new sanctions

The Iranian Foreign Ministry Spokesperson, Nasser Kanaani has refuted the charges made against Tehran in a recent resolution passed by the European Parliament, and denounced the new sanctions that the United States, Britain and Canada have placed on a number of Iranian citizens and firms.

The spokesperson also attacked several European nations for adhering to the harsh policies of the US administration by criticizing the European Parliament's decision against Iran.

He emphasized that Iran’s military capabilities are built in accordance with its needs to preserve territorial integrity and sovereignty, defend national security and interests, and provide a legitimate and deterrent defense against external threats and acts of aggression.

According to Kanaani, “The Islamic Republic of Iran is a major partner of the international community in providing peace and security to the region and the world, as well as in the fight against international terrorism.”

Imposing the sanctions, he said, the sanctions against Iran’s defense sector will actually present a chance to advance the nation’s military and defense capabilities and self-sufficiency, rather than weakening its resolve to strengthen its defense of its sovereignty, territorial integrity, and national interests.

“Many nations and governments, specifically in the West Asia region, hold out no hope of the role of the US and its European allies in the establishment of stability and security in the region anymore,” the spokesman continued. 

His remarks followed the announcement of further sanctions against Iran on Thursday by the US, Britain, and Canada in response to its retaliatory strike against Israeli military targets on April 13.

The three states said that they will punish people and companies “closely involved” in Iran’s drone manufacture in order to target the country’s drone and missile sectors.

By a vote of 357 to 20, the European Parliament on Thursday passed a resolution denouncing Iran’s use of drones and missiles against the Israeli regime and urging the imposition of more penalties on Iranian organizations.

The Treasury Department and the State Department said on Tuesday that the United States government has imposed charges and penalties on four Iranian nationals in connection with an alleged multi-year cyber operation that targeted over a dozen American firms.

The Treasury Department issued sanctions on two firms, Dadeh Afzar Arman and Mehrsam Andisheh Saz Nik, which it claimed employed the individual defendants and served as front organizations for Iran’s Revolution Guards cyber command.

The business targets, according to federal prosecutors in Manhattan, were mostly defense contractors with access to confidential data; other targets included an accountancy firm and a hotel company located in New York. 

“These actors targeted more than a dozen US companies and government entities through cyber operations, including spear phishing and malware attacks,” the US Treasury Department said in a statement.

The defendants, according to the prosecution, used spearfishing—a tactic that entails deceiving email recipients into clicking on harmful links—and impersonating women to win over people’s trust in order to infect computers with malware.

The Israeli airstrike, which took place in Damascus’s Mezzeh district, resulted in the deaths of seven military advisors from the Islamic Revolution Guards Corps (IRGC). Iranian officials have vowed a decisive response to what they described as a violation of international obligations and conventions.

Zahra Ershadi, Iran’s deputy permanent representative to the UN, told the 15-member Security Council that Iran reserves the right "to take a decisive response" to the attack, saying Israel violated the founding UN Charter, international law, and the inviolability of diplomatic and consular premises.

Israel’s crime clearly breached the basic principles of diplomatic and consular immunity, as well as the 1961 Convention on Diplomatic Relations, the 1963 Vienna Convention on Consular Relations, and the 1973 Convention on the Prevention and Punishment of Crimes, the diplomat stated.

 

Iraq: Khor Mor gas facilities attacked

Iraqi Kurdish ministries of electricity and natural resources said on Saturday that they were working with their partners to restore operations at the Khor Mor gas field in Iraq's Kurdistan region after output was suspended due to a deadly drone attack.

So far no group has claimed responsibility for the attack.

At least four Yemeni workers were killed and two other workers injured in the attack late on Friday, the Kurdish regional government said on X. It said gas supplies to power plants were also halted, resulting in a reduction of approximately 2,500 MW of power generation.

Iraqi President Abdul Latif Rashid and Kurdish Prime Minister Masrour Barzani both condemned the attack.

"Our security services must investigate the incident without delay and hold the perpetrators accountable. Preventative measures must also be taken immediately," Rashid said in a post on Saturday.

"Attacks on energy hubs that power millions of homes in the Kurdistan Region and Iraqi provinces are indefensible. These attacks also sabotage efforts by Erbil and Baghdad to develop the energy sector. They happen with disturbing frequency and amount to war crimes," Barzani said on Friday.

The US State Department said in a statement, "Attacks like this are an affront to Iraq's sovereignty".

Pearl Petroleum, a five-company consortium that includes two major independent United Arab Emirates oil and gas companies - Dana Gas, opens new tab and Crescent Petroleum, has the rights to exploit Khor Mor and Chemchemal, two of Iraq's biggest gas fields.

The UAE's foreign ministry described the attack as a "blatant violation of international law".

"The Ministry expressed the UAE's solidarity with all measures undertaken by Iraq to protect its sovereignty, security, and stability, stressing the UAE's support for its endeavors in combating terrorism, while underscoring the UAE's commitment to reinforcing security and stability in Iraq," it said in a statement.

Iraq has witnessed drone and rocket attacks since Israel's war in Gaza began in October, mostly targeting bases housing troops belonging to a US-led military coalition. They have been claimed by the Islamic Resistance in Iraq, an umbrella group of hard line pro-Iran militias.

The attack on Friday also underscores security concerns for the oil-rich nation.

The Khor Mor gas field lies near territories under Iraqi control and Kirkuk province, one of the disputed territories between the Iraqi capital Baghdad and Erbil, the provincial capital of Iraq's semi-autonomous Kurdistan region.

Pakistan Stock Exchange index up 2.58%WoW

Pakistan Stock Exchange maintained its bullish momentum during the week ended on April 26, 2024. Despite some profit-takings, challenged its previous highs and closed the week at its highest ever level of 72,742 points, marking a weekly gain of 1,833 points or 2.58%.

Overall, the positive momentum was largely driven by anticipation of investments from Saudi Arabia, the successful visit of Iran’s President, and inclusion of Pakistan in the IMF’s executive board agenda.

On the macroeconomic front, trends remained encouraging. Firstly, current account balance for March 2024 clocked in at a surplus of US$619 million, taking 9MFY24 total CAD to US$508 million, down by 87%YoY.

Foreign direct investment in March witnessed an increase of 89%MoM, reaching US$258 million.

Inflation is expected to ease; with April 2024 CPI estimated at 16.9%YoY compared to increase of 36.4%YoY during the same period last year. This easing inflationary pressure signaled monetary easing to investors, which resulted decline in secondary market yields, with the yield on 12-month paper decreasing to 20.21%. The weekly inflation index, SPI has been on a downward trajectory for the past two weeks, indicating a favorable outlook for inflation for next month as well.

Consequently, the possibility of monetary easing beginning in the upcoming monetary policy meeting scheduled for Monday cannot be ruled out.

On the flip side, concerns regarding smuggling have begun to emerge, particularly in the petroleum sector, which is beginning to impact the refinery sector.

With the market enjoying positivity, participation also improved WoW with average daily traded volume increasing to 650 million shares as compared to 492 million shares in the earlier week, up 32%WoW.

Foreign exchange reserves held by State Bank of Pakistan declined by US$74 million to US$7.98 billion as at April 19, 2024. PKR depreciated by 0.03%WoW to close at 278.4/US$.

Other major news flows during the week included: 1) Pakistan's IT exports were up 37% to record US$306 million in March, 2) RDA inflows rose to US$7.66 billion, and 3) GDP expected to grow 2.6% during FY24.

Top performing sector were: Fertilizers, Synthetic & Rayon, and ETFs, while Tobacco, Miscellaneous, and Refinery were amongst the worst performers.

Flow wise, major net selling was recorded by Insurance companies with a net sell of US$13.1 million. Mutual Funds absorbed most of the selling with a net buy of US$6.0 million.

Top performing scrips of the week were: FATIMA, DGKC, AVN, EFERT, and FFBL, while laggards included: FHAM, PAKT, PSEL, BIPL, and NRL.

Looking ahead, the upcoming monetary policy meeting scheduled for April 29, would remain in the limelight, with start of monetary easing poised to further support the ongoing bullish trend of the market, that would be led by debt-heavy sectors.

Additionally, the disbursement of the third tranche of the IMF’s SBA and initiation of talks with IMF for next EFF will be closely monitored.

Given the market at its highest, analysts advise investors to focus on fundamentally strong companies.

   

 

Netanyahu faces imminent arrest

Reportedly, the Israeli National Security Council held secret discussions on the possibility of issuing international arrest warrants for Prime Minister Benjamin Netanyahu, Defense Minister Yoav Gallant and Army Chief of Staff Herzi Halevi.

Israel’s Channel 13 reported that the discussions took place in anticipation of the possibility of international arrest warrants being issued in the coming days against senior officials in Israel.

“According to the information and indications available to senior officials in Israel, there is a possibility that the International Criminal Court in The Hague will issue arrest warrants for Netanyahu, Gallant and Halevi,” the channel added.

It said that as part of the discussions, several immediate measures were approved for Israel to take in response to this potential move, including launching a political campaign at the international level against it.

The channel revealed that Netanyahu would hold talks later Wednesday with his counterparts from the Netherlands, the Czech Republic and Austria as part of efforts to hinder the potential step.

Meanwhile, Israeli Minister of Strategic Affairs Ron Dermer and Israel’s ambassador to the US, Michael Herzog, would contact the US Congress and President Joe Biden’s administration.

The channel cited unnamed senior Israeli officials as saying that if this step were taken, it brings to mind the measures taken against Russia and its president, Vladimir Putin, in light of the war it has been waging against Ukraine since February 2022.

The officials added that the International Criminal Court is expected to focus on policy makers rather than low-ranking soldiers in the arrest warrants.

In this context, Israel’s political-security Cabinet was scheduled to hold a meeting Thursday which was expected to address the issue of potential arrest warrants, according to the private broadcaster.

Last Friday, Israel’s private Channel 12 reported that the International Criminal Court is considering issuing international arrest warrants in the near future against Netanyahu and other senior officials for committing war crimes against Palestinians in the Gaza Strip.

At the time, the channel said that Netanyahu urgently met with Strategic Affairs Minister Dermer, Justice Minister Yariv Levin and Foreign Affairs Minister Israel Katz to discuss the matter and appeal to Western allies for assistance.

More than 34,200 Palestinians have been killed and 77,200 others injured amid a tight siege imposed by Israel, which left the entire population, especially residents of northern Gaza, on the verge of starvation.

More than six months into the Israeli war, vast swathes of Gaza lay in ruins, pushing 85% of the enclave’s population into internal displacement amid a crippling blockade of food, clean water and medicine, according to the UN.

First step to make Gaza a US military base

A maritime corridor is expected to commence operations early May. Construction began in the Mediterranean Sea Thursday off the coast of Gaza to assemble the pier.

Once assembled, the pier will facilitate 90 trucks loaded with humanitarian aid a day into Gaza, with up to 150 when fully operational.

A senior US military official said around 1,000 US Army and Navy soldiers and sailors will work on the mission and live out of a British ship called the Cardigan Bay.

The mission will not involve US boots on the ground, and the military is coordinating closely with Israel to ensure safety and security.

"We believe we have developed a comprehensive integrated security plan with the Israeli Defense Forces to address force protection of American troops," the official said.

Another US administration official said the pier comes amid a deepening humanitarian crisis.

"This is a humanitarian initiative with a humanitarian purpose," the official said.

Aid will be coming in off pallets from the island of Cyprus through the transport of commercial ships, and arrive at a large floating dock miles from Gaza.

Small Army boats will transport trucks with cargo to a pier anchored to Gaza's shore and drive into the strip and a secure area.

The United Nations has warned of a coming famine in northern Gaza unless the humanitarian crisis is addressed.

President Biden first announced the pier in March and initial estimates were slated to be completed by the end of April or early May.

 

United States crucifying right to protest and freedom of expression

The United States sermons other countries about the right to protest and freedom of speech but it is suppressing dissenting voices on college campuses throughout the country.

The police are cracking down on students in universities who are protesting Washington’s financial, political, and arms support for Israel, which has been committing unthinkable crimes in the Gaza Strip since October last year.

Stifling peaceful protests and freedom of speech in American universities has put into serious question the values that the US has been claiming it stands for.

President Joe Biden, like many other Congress members and pro-Israel bigots, has accused the students protesting Israel’s crimes of anti-Semitism.

When asked on Monday what is his message to the protesters at college campuses, Biden said, “I condemn the anti-Semitic protests.”

The statement by the president is absurd and a sheer lie. The students, some of them Jews, are clearly noticing that Israel is committing genocide in the Gaza Strip. In fact, organizations such as Jewish Voice for Peace have played a leading role in the protests.

Possibly, Biden and hawks in Congress are using the anti-Semitic slander to justify financial, military, political, and diplomatic support for the bloodthirsty regime of Benyamin Netanyahu.

Those people around the world who had been cherishing the United States for its self-proclaimed defense of democracy, freedom of opinion, and right to peaceful protests now feel disappointed and realize that they were badly mistaken.

Crackdown on students on campuses brings to mind the Kent State massacre of May 4, 1970, in which four Ohio college students were killed by the Ohio National Guard during a protest against the Vietnam War.

House representative Marjorie Taylor Green and senators Tom Cotton and Josh Hawley, and other leading Senate Republicans, including Lindsey Graham and Charles Grassley, are demanding that Biden go even further. The senators signed a letter on Tuesday calling on the administration to carry out criminal prosecutions and deportations for participants in the demonstrations.

The content of their letter is shameful as it declares that there is an outbreak of anti-Semitic, pro-terrorist mobs on college campuses, led by pro-Hamas rioters. 

On Sunday, Columbia Law School faculty condemned mass arrests and suspensions of students, saying such moves cast serious doubt on the university’s respect for the rule-of-law values that we teach.

“While we as a faculty disagree about the relevant political issues and express no opinion on the merits of the protest, we are writing to urge respect for basic rule-of-law values that ought to govern our University,” 54 law professors wrote, The Intercept reported.

A country that claims it is the leader of the free world but its police are storming the universities to arrest peaceful students is a serious cause of concern. Surely, it would embolden despots and dogmatic parliament members, like Tom Cotton and Taylor Green, in certain other countries.

The Biden administration is providing highly sophisticated lethal arms to Israel and vetoes UN Security Council resolutions against the regime. Congress is also ratifying billions of dollars in military aid for Israel, yet they expect nobody to protest either Israel’s horrible crimes or their complicity in these acts.

According to the Washington Post, one of the demands of the students is for universities to separate themselves from any companies that are empowering Israel's military efforts in Gaza. 

Washington’s support for Israel’s war on Gaza has gone to the extreme. Decision makers in the US are refusing to look into the mirror to find out that their support for Israel has been causing anger and disappointment in the US and around the world.

It is for such illogical and immoral support for hawks in Israel that prominent literary group PEN America has canceled its annual award ceremony after dozens of nominated writers withdrew in protest of the Israeli war in Gaza. The group, which is dedicated to free expression, announced that it was canceling the April 29 event.

A series of open letters signed by PEN nominees in recent weeks have criticized the group for choosing sides against Gaza in the war.

In a letter signed last month, several famous writers including Michelle Alexander, Naomi Klein and Zaina Arafat said the group was acting as a "cultural front for American exceptionalism" and was complicit in "normalizing genocide".

The U. has sent freedom of expression and the right to peaceful protests to the slaughterhouse through its unlawful and immoral support for butchers in Israel.

It is not just the administration, Congress or pro-Israel lobbyists who are coming hard on universities, movements and organizations that are calling for an end to the carnage in Gaza.

Most media outlets in Israel have also resorted to censorship in the Gaza war. For example, according to the Intercept, the New York Times has instructed journalists covering Israel’s war on Gaza to restrict the use of the terms “genocide” and “ethnic cleansing” and to “avoid” using the phrase “occupied territory” when describing Palestinian land.

 

 

Excerpts from the speech of Abu Obeida

Abu Obeida, the military spokesman for the Al-Qassam Brigades, the armed wing of the Palestinian Resistance movement Hamas, gave a speech on the 200th day of war, to illustrate the achievements of the Resistance and the failures of the criminal Israeli army.

We call on the masses of our nation to escalate their movement in support of the resistance. The criminal enemy is trying to restore its image 200 days after the Battle of Al-Aqsa Flood

 “The criminal enemy continues to try to salvage its image, only to further receive shame and disgrace.

200 days have passed and the Zionist army is still trapped in the quagmire of Gaza, exploiting its predicament on the ground for more killing and destruction.

 The occupation army failed against our resistance and our people after its image was shattered in front of the world.

We say to Netanyahu, Your death, the end of your occupation, and your downfall are inevitable, and your lamentations before the world will not change your image.

We in Al-Qassam Brigades have documented only a fraction of our heroes’ strikes against the enemy.

Our strikes and resistance will continue as long as the aggression of the occupation or its presence persists on any inch of our land.

The world witnessed the might of our fighters and their painful strikes not only in repelling enemy attacks but also during its withdrawal.

Among the lies of the enemy government is attempting to deceive the world into believing that it has eliminated the Al-Qassam Brigades and only the Rafah Brigade remains.

The occupation forces are trying to deceive the world into believing that they have eliminated all factions of the resistance, and this is a big lie.

In 200 days, the enemy could only achieve mass killings, destruction, and murder.

The defeat suffered by the occupation army in 60 minutes couldn’t defeat us in 200 days. They search for an imaginary victory everywhere, but wherever they look for it, they find us there shedding their soldiers’ blood.

Our strikes against the enemy will continue, adopting renewed tactics as long as they remain present on every inch of our land.

The occupation’s claims of linking victory to entering Rafah and destroying what remains of the brigades there are merely attempts to feel a false sense of triumph.

The army that focuses on killing children and women, destroying graves, seeking revenge against the martyrs’ bodies, targeting innocent civilians, bombing aid trucks, and assassinating members of international and local humanitarian aid organizations is the mark of an army feeling significant defeat and disappointment, not one confident in its alleged achievements.

We will not relinquish the fundamental rights of our people, foremost among them withdrawal, lifting the siege, and the return of the displaced to their homes.

The occupation is trying to evade all its promises in negotiations and wants to gain more time.

The scenario of Ron Arad may perhaps be the most likely scenario to be repeated with the enemy’s prisoners in Gaza. The ball is in the court of those concerned, namely the occupation’s public, but time is short, and opportunities are few to release the prisoners.

The so-called military pressure will only push us to stand firm on our positions and preserve the rights of our people without compromise.

To the families of the Israeli prisoners, We are more truthful than your government.

The blood toll paid by our people will only be met with the snatching of our natural rights and the rights of our resistance.

One of the goals of Al-Aqsa Flood is to unify our peoples and arenas after attempts by the occupation to isolate the Palestinian cause.

We appreciate every military and popular effort that joins Al-Aqsa Flood, and we salute the fronts of fighting in Lebanon, Yemen, and Iraq.

The hysterical reaction of the Zionists towards resistance actions from various fronts indicates the importance of resistance action.

The foremost front of resistance is the West Bank front, and we salute every inch of our steadfast free bank.

Jordan is from us and we are from it; it is one of the most important Arab arenas in terms of popular and public engagement and it occupies the enemy’s mind significantly.

Iran’s response in its size and nature, setting new rules and disrupting the calculations of the occupation, and we call on the masses of our nation to escalate their supportive movement for the resistance.

Abu Obeida concluded the speech by calling on the masses of our nation to escalate their supportive movement for the resistance.

Courtesy: Information Clearing House