Al-Aqsa Storm reaction to 75 years of Israeli occupation

Iranian Deputy Foreign Minister for Political Affairs Ali Bagheri Kani has said that the massive anti-Israeli operation carried out by Hamas was a logical response by the Palestinian people to the ongoing Israeli occupation.

During a news conference at the Iranian embassy in Bangkok on Sunday, Bagheri Kani told reporters that Hamas’s October 07 Operation Al-Aqsa Strom was a legitimate reaction to Israel’s brutality against Palestinians.  

“The crisis in the occupied Palestinian territories did not erupt as the result of the developments that took place on October 07. The operation launched by Hamas was the Palestinians’ natural and legitimate reaction to the 75-years-long occupation of their land by the Zionist regime,” he said.

He also expressed worry about the fate of foreign captives, particularly Thai nationals, imprisoned in Gaza as a result of the Hamas operation. 

According to Bagheri Kani, Iranian Foreign Minister Hossein Amir Abdollahian took the subject of Thai detainees seriously during his recent travels to Lebanon and Qatar, where he spoke with key officials of Palestinian resistance groups.

Bagheri Kani met a variety of high-ranking Thai officials during his brief visit in Bangkok, including Wan Muhamad Noor Matha, the president of the National Assembly, Anutin Charnvirakul, the deputy prime minister, and Chatchai Bangchuad, the acting chairman of the National Security Council.

The two parties emphasized the long-standing friendly relations between the two countries and the necessity of fostering bilateral connections, particularly in the areas of business and tourism.

Following seven weeks of bombing, a four-day truce in the Gaza Strip has allowed Hamas to free 26 Israeli prisoners, including women and children, along with 14 Thai nationals and a Filipino on two separate occasions.

78 Palestinian women and children were released from Israeli jails in response.

Iran assumed a key mediation role in the recent conflict in Gaza, successfully facilitating the release of 10 Thai nationals who were captured and brought to the Gaza Strip during the Hamas operation on October 07. 

Following a request from Thailand's government, Iran offered its good offices for the captives' release, resulting in the unconditional freedom of the individuals. 

Over a dozen Thai captives are still held in the besieged Gaza Strip. Iran has reportedly supplied Bangkok with vital information regarding their current conditions.

Since October 07, Iran has embarked on an extensive diplomatic campaign aimed at averting the loss of innocent lives in the region.

The Iranian foreign minister undertook three regional tours, engaging with leaders in Qatar, Lebanon, Iraq, and Turkey to discuss the ongoing situation.

 

Israeli-linked tanker seized in Gulf of Aden

Reportedly, unidentified armed individuals have seized a tanker carrying a cargo of phosphoric acid in the Gulf of Aden on Sunday, the vessel's managing company and a US defense official said.

The incident, involving the chemical tanker Central Park, is the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian militant group Hamas broke out on October 07.

It followed a seizure of an Israeli-linked cargo ship by Yemen Houthis, allies of Iran, in the southern Red Sea last week. The group, which also fired ballistic missiles and armed drones at Israel, vowed to target more Israeli vessels.

"US and coalition forces are in the vicinity and we are closely monitoring the situation," the US official said.

Central Park, a small chemical tanker (19,998 metric tons), is managed by Zodiac Maritime, a London-headquartered international ship management company owned by Israel's Ofer family. The Liberian-flagged vessel was built in 2015 and is owned by Clumvez Shipping Inc, LSEG data showed.

Zodiac Maritime said in a statement Central Park, which is carrying a full cargo of phosphoric acid, was involved in a suspected piracy incident while crossing international waters, approximately 54 nautical miles off the coast of Somalia.

Phosphoric acid is mostly used for fertilizers.

"Our priority is the safety of our 22 crew onboard. The Turkish captained vessel has a multinational crew consisting of a crew of Russian, Vietnamese, Bulgarian, Indian, Georgian and Filipino nationals," the statement added.

Britain's Maritime Trade Operations agency (UKMTO) said on Sunday it was aware of a possible attack in southwest Aden and called on other vessels to exercise caution.

The US has blamed Iran for unclaimed attacks on several vessels in the region in the past few years. Tehran has denied involvement.

A container ship managed by an Israeli-controlled company was hit by a suspected Iranian drone in the Indian Ocean, causing minor damage to the vessel but no injuries, a US defence official said on Saturday.

Hamas fighters rampaged into Israel on October 07, killing 1,200 people. Since then, Israel has rained bombs on Gaza, killing about 14,000 people, roughly 40% of them children, Palestinian health authorities say.

Bangladesh Election: Awami League and others

According to reports, besides finalizing candidates for its own party and alliance partners, the ruling Awami League (AL) is considering providing some seats to parties willing to join the next election amid boycotts by major opposition parties.

The ruling party is now passing a busy time to select its own contestants while working with seat-sharing mechanisms to create opposition as the last date of filing nominations is approaching for the January 07, 2024 election.

Candidates for the election can submit nomination papers until November 30, 2023. The AL is likely to announce candidates for 300 constituencies on Sunday.

The AL-led alliance partners are now adamant about joining the election as a coalition and are now lobbying for more seats than the 11th parliamentary polls amid uncertainty over the participation of the main opposition BNP.

During the past general election held in 2018, the AL candidates contested for 261 seats and refrained from participating for 26 seats in favour of the Jatiya Party, five seats in favour of the Workers Party of Bangladesh, three each in favour of Jatiya Samajtantrik Dal-Jasod and Bikalpa Dhara Bangladesh, and one each in favour of the Bangladesh Tarikat Federation and Jatiya Party.

“We are negotiating with AL for more nominations for our party in the forthcoming election. We are pressing for more seats than in the previous elections,” Workers Party president Rashed Khan Menon told New Age.

He said that there was time until the withdrawal of nomination papers to settle the issue.

AL joint general secretary AFM Bahauddin Nasim said that they would declare the party candidates first and then think about nominating candidates from partners.

Asked about the AL’s negotiation with other lesser-known political parties, he said that it was part of the party’s policy.

“We believe that any registered political party can join an election if they want. Anyone can create alliances with anyone having similar ideologies,” he said.

He said that there might be many political strategies, and nothing could be guaranteed.

In addition to regular partners, some small parties, including the newly formed Trinamool BNP, are also lobbying the Awami League for seats in exchange for promising to join the polls.

Leaders of Trinamool BNP and some Islamic parties, including Islami Oikya Jote, Bangladesh Islami Font, Bangladesh Khelafat Andolan, Bangladesh Muslim League, Islamic Font Bangladesh, Bangladesh Supreme Party, Bangladesh Islami Oikya Jote, and Jamiat-e-Ulama-e-Islam Bangladesh, met Prime Minister Sheikh Hasina in recent days to discuss their respective election strategies.

Neither the prime minister’s office nor AL or the parties made any formal statements about the outcome of those meetings.

The allegation has it that the Trinamool BNP and Bangladesh Nationalist Movement, labelled as King’s Party by many, are negotiating with AL to become the opposition in the parliament.

The newly-formed alliance Jukta Front, led by the Kalyan Party, demanded a few seats, although AL insiders said they could end up with one seat for Kalyan chairman Syed Muhammad Ibrahim, a retired major general.

BNM, Bangladesh Supreme Party, Bangladesh Muslim League, and Bangladesh Khelafat Andolan may also get one seat, party insiders said.

Jasod, a partner of the Awami League, finalized 181 candidates, said the party general secretary, Shirin Akhter.

“We want to join the polls with the alliance. The alliance is not only for joining polls but also a place of ideology”, she added.

Shirin said that many parties were now willing to join their alliance, creating difficulties.

At a briefing on Friday, AL general secretary Obaidul Quader said that they were not thinking so seriously about the political alliance in terms of sharing seats.

“The party will not give nominations to anyone who cannot win an election and does not have popularity among the people”, he added.

AL presidium member Abdur Rahman told New Age that the party’s seat-sharing plan has no connection with BNP’s joining or boycotting elections.

‘Our leader, Prime Minister Sheikh Hasina, will give nominations to eligible candidates from the alliance. The party will give candidates for 300 seats, and then our leader will decide about other alliances,’ he said.

According to AL insiders, there is a possibility that its alliance partners may participate in the polls independently with their own party electoral symbols.

In that case, the AL may not give nominations to any of its aspirants in some constituencies to create a pathway for them to win.

The ruling AL has decided to participate in the 12th Jatiya Sangsad election in alliance in some constituencies and alone in other consultancies, AL office secretary Biplob Barua told reporters on October 18, 2023.

The AL-led alliance was formed in 2005 and came to power for three consecutive terms in 2009, 2014, and 2018.

The Workers Party, Jasod, Ganatantri Party, and Jatiya Party-JP are among the most active parties in the alliance.

Ganatantri Party president Shahadat Hossain hoped that prime minister Sheikh Hasina would make it suitable for all.

“The prime minister will meet with the alliance soon. We can tell it only after the meeting”, he added.

AL’s preparation for the forthcoming election is underway at a time when the leaders and activists of the main opposition BNP and its allies keep facing arrest, raids, prosecution, and conviction.

 

An illustration of corrupt US political system

Recent news out of Michigan, where actor and union organizer Hill Harper is running for US Senate and Rashida Tlaib has recently angered pro-Israel lawmakers and donors for her staunch support for Palestinian rights, offered an illustration of the corruption of the American political system, said one progressive House member late Wednesday.

As Politico reported, Harper recently rejected US$20 million from an anti-Palestinian rights entrepreneur, Linden Nelson, who offered the money in exchange for Harper dropping out of his Senate race and running instead against Tlaib for her House seat.

The offer came on October 16; the day Tlaib joined Cori Bush in introducing a resolution to back an immediate de-escalation and cease-fire in Gaza. The blockaded enclave was then nine days into a relentless bombardment by Israel, which was launched October 07 in retaliation for Hamas' attack on southern Israel but had already killed nearly 3,000 Palestinian civilians, including 1,000 children, at the time.

The death toll has now grown to more than 14,500 people, including 6,000 children.

Tlaib, the only Palestinian American member of Congress, has been the subject of vitriol from lawmakers who believe the US should continue supporting Israel regardless of what human rights groups and the United Nations have warned may amount to war crimes in Gaza. Earlier this month, 22 Democrats joined Republicans in voting to censure Tlaib for using the rallying cry for Palestinian rights, "From the river to the sea, Palestine will be free."

Pro-Israel Democrats are reportedly searching for a candidate to primary Tlaib, and last month, according to Politico, Nelson reached out to Harper offering US$10 million in bundled donations directly to his campaign and US$10 million in independent expenditures—if he would agree to be that House candidate instead of continuing his Senate run.

"The fact that in the US just one wealthy person can make a call and offer millions to unseat an official they dislike tells you everything about the corruption of our politics," said Rep. Alexandria Ocasio-Cortez.

Nelson has been involved with the powerful American Israel Public Affairs Committee (AIPAC) in the past, and has donated to both Democratic and Republican lawmakers.

AIPAC told The Hill that it "was absolutely not involved in any way in this matter" and said Nelson has not donated to the organization in over a decade, but considering the group's efforts to defeat other pro-Palestinian rights progressives in recent elections, Ocasio-Cortez expressed skepticism.

Harper, who is running for Debbie Stabenow's seat against the more conservative Elissa Slotkin, echoed Ocasio-Cortez, saying Nelson's rejected offer exemplifies a "broken political and campaign finance system that's tilted towards the wealthy and powerful."

"I'm running to be a voice for the people," said Harper. "I'm not going to run against the only Palestinian American in Congress just because some special interests don't like her. I'm running because I want to break the stranglehold wealthy special interests have on our politics, whether it's the Israel lobby, the NRA, or Big Pharma."

Harper himself has called for a "humanitarian cease-fire" in Gaza this month, saying in a statement, "The answers to ensure long-term peace and security for Israelis and Palestinians are neither simple nor pain-free, but one truth stands firm: violence against defenseless children, trapped and frightened, is abhorrent, regardless of who is behind it."

Saurav Ghosh, director for federal reform at the Campaign Legal Center, told Politico that Harper and Nelson would have broken the law if they had moved forward with the deal.

Nelson's offer, said Jewish-led anti-Zionist group IfNotNow, is "a clear example of how groups like AIPAC and its super PAC, Democratic Majority for Israel try to undermine the will of voters and attack representatives who truly represent our values."

Production of medicinal plants in Iran

Reportedly over 400,000 people are working in the production of medicinal plants in Iran. Also, 32,000 people are working in packaging of these plants.

As stated by Ministry of Health, Iran holds some 40% share of the market for medicinal plants in the neighboring countries.

“A large volume of pharmaceuticals, supplements, food products, and beverages are exported to Iraq, Turkey, Georgia, Armenia, and Afghanistan,” IRNA quoted Hamidreza Banafsheh as saying in late October.

Iran is among the leading countries in the field of medicine and health technology, supplying 98% of pharmaceutical items to the domestic market, the official noted.

“Nearly 450 out of 1,400 knowledge-based companies are active in the field of herbal medicines, biotechnology, and food industries.”

He went on to say that the National Institute for Medical Research Development aims at expanding exports of medicinal products.

Since most of the raw materials for the production of herbal medicines are native to the country, these products can internationally compete with those of the other countries, he added.

Besides, some 15 to 20 percent of Iran's herbal medicines are unique in the world. Iran has the capacity to introduce new herbal medicines to the world, he highlighted.

Producing and commercializing pharmaceutical plants are the best ways to introduce the rich resources of herbal medicines which, in addition to making foreign currency revenues for the country, will lead to the scientific authority of Iran in this field, he concluded.

According to the chairman of the Union of Medicinal Plants Exporters of Iran, the country’s export of medicinal plants can be increased through compliance more with the world standards.

Mohammad-Ali Rezaei Kamal-Abad stated that world standards are increasing due to the health-oriented consumption of herbal products, and failure to comply with these standards will lead to the return or destruction of these products.

“In the past years, poisons have entered the country, which are not only not used in other countries, but have also caused water and soil pollution in our country”, he lamented.

Referring to the importance of agricultural product export standardization, he added, “Standardization is done in our country, but this standardization is not up-to-date. With the coordination of ministries, expenditure and updating of information can help to standardize agricultural products and develop the export of these products”, he commented.

He said that having more than 11 climates out of 13 climates, Iran has 8,000 varieties of medicinal plants, which is at least twice as much as Europe.

 

Pakistan Stock Exchange benchmark index posts 3.55%WoW increase

During the week ended on November 24, 2023 the benchmark index of Pakistan Stock Exchange skyrocketed to touch an all time high of 59,086 points on Friday, reflecting a significant increase of 3.55%WoW.

Positive developments encircled the current account deficit narrowing to US$74 million in October, a decline of 91%YoY, keeping in line with shortage of dollars in the market needed to open L/Cs.

During 4MFY24, FDI rose by 7% to US$ 525 million which further contributed to the bullish market. Moreover, the IT export remittances for July-October increased by 4.4%YoY to US$893 million and total borrowing fell by US$0.41 million to US$3.85 billion.

International oil prices (Brent Crude) fell significantly to US$78.93/barrel on Wednesday amidst delayed OPEC Plus meeting, but recovered to US$81.42/barrel on Friday.

Market participation witnessed a decline, with an average daily traded volume of 657 million shares, marking 8.9%WoW decrease from the earlier week's average of 721.3 million shares.

On the currency front, the rupee appreciated by 0.39%WoW against the greenback, closing at PKR285.37/US$ on Friday.

Other notable news for the week included: 1) foreign exchange reserves by Pakistan’s central bank dropped by US$217 million to US$7.2 billion, 2) power generation cost fell by 19% in first four months of the current financial year, 3) Dr. Shamshad Akhtar said Pakistan’s GDP likely to grow by 2% to 2.5% during the ongoing financial year, 4) power ministry recovered PKR55 billion from delinquent consumers, 5) during 4MFY24 developmental projects worth PKR300.9 billion were approved under PSDP and 6) Nepra approved PKR1.52 per unit surcharge on KE consumers.

Woollen, Leasing Companies, and Glass & Ceramics were amongst the top performers, while Synthetic & Rayon, Tobacco, and Refinery were amongst the laggards.

Major net selling was recorded by Banks with a net sell of US$5.03 million. Individuals absorbed the selling with a net buy of US$3.52 million.

Top performing scrips included: PGLC, BNWM, GHGL, ABOT, and PSMC, while top laggards were: UNITY, EFUG, CNERGY, PIOC, and OGDC.

Analysts forecast positive outlook of the market owing to favorable economic developments like easing inflation and expected positive economic recovery in the current fiscal year. While the market is flourishing, analysts strongly advise the market participants to avoid potential pitfalls and instead concentrate on companies with robust fundamentals.

Furthermore, considering companies with healthy dividend yields can be a prudent strategy for navigating inflation safely.

 

 

Bolton terms hostage swap a very bad deal

Former US Ambassador to the UN John Bolton has slammed the Hamas hostage and cease-fire agreement reached as a very bad deal for Israel.

“The deal itself, at least as I understand the terms as they’ve been announced, is a very bad deal for Israel,” Bolton said. “It’s another swap of hostages — innocent victims — for criminals that are in Israeli jails at a ratio of 3:1 in favor of the Hamas terrorists.”

Bolton made the comments Wednesday on the Cats & Cosby radio show with host John Catsimatidis.

The deal was announced late Tuesday after hours of difficult negotiations within the Israeli cabinet. It frees about 50 of the approximately 240 hostages held by Hamas over the course of four days, beginning no sooner than Friday. An undisclosed number of Palestinian prisoners will also be released.

Fighting in the ongoing war between the two sides will cease during the exchanges, a halt which will be extended by one day for every 10 hostages released.

The agreement was the culmination of weeks of negotiations between the United States, Qatar, Israel and Hamas, and is expected to result in a window for increased humanitarian aid for the enclave.

Bolton said Israel folded, accepting the deal due to pressure from the Biden administration, which he claims is no longer backing Israel as strongly as it has previously.

“I don’t see how this, on net, benefits Israel strategically,” he said. “I’m sure the Israeli Defense forces get some benefit from a pause…but fundamentally, time is on Hamas’ side here.”

“I do understand humanitarian concerns, but there are 220 hostages and 9 million other Israeli citizens who are threatened, not just by Hamas but by Hezbollah and fundamentally by Iran,” he continued.

Israeli Prime Minister Benjamin Netanyahu has faced extreme domestic pressure to focus efforts on rescuing the hostages taken by Hamas militants at the beginning of the conflict early last month.

Over 1,200 Israelis died at the start of the war, in the attack which resulted in the hostage-taking. Israel’s air and ground campaign since has killed over 12,000 Palestinians, including over 4,600 children, according to the Gaza Health Ministry.