South Korea's LIG Nex1 Wins $2.8 Bln Iraq Deal to Export Missile Systems

An aerial view of Baghdad, Iraq, Aug. 11, 2021. (Reuters)
An aerial view of Baghdad, Iraq, Aug. 11, 2021. (Reuters)
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South Korea's LIG Nex1 Wins $2.8 Bln Iraq Deal to Export Missile Systems

An aerial view of Baghdad, Iraq, Aug. 11, 2021. (Reuters)
An aerial view of Baghdad, Iraq, Aug. 11, 2021. (Reuters)

South Korea's LIG Nex1 said on Friday it won a 3.71 trillion won ($2.8 billion) order from Iraq to export mid-range surface-to-air missile defense systems.

The defense company did not give any other details of the contract in a regulatory filing, citing confidentiality.

Shares in LIG Nex1 rose 3.6% in early morning trade, versus the wider market's 0.9% increase.

"This makes four countries that will operate the Cheongung II system, after South Korea, the UAE and Saudi Arabia," said Jeong Dong-ik, an analyst at KB Securities, adding the deal lifts the mid-range missile system's status as one of South Korea's major defense export items.

South Korea has ramped up global defense exports, as Russia's invasion of Ukraine opened the door to sign large-scale contracts from Europe, the Middle East and Asia.

The country aims to become the world's fourth-largest arms exporter by 2027.

Meanwhile, Iraq’s Defense Ministry defended a decision to provide the Kurdish Peshmerga with American Howitzers.

Ousted parliament Speaker Mohammed al-Halbousi had denounced the move.

The Ministry explained that the deal to purchase the artillery was signed over seven years ago.

It added that the artillery was only sent to the Peshmerga after the necessary procedures were taken.

It stressed that the Peshmerga is a “national force whose loyalty to Iraq is unquestionable”.

Last week, Halbousi declared that such weapons should only be limited to the Iraqi army. “We have constantly called for boosting the capabilities and power of the military,” he added.

He remarked however, that there were no fears over how the Howitzers will be used, because Kurdistan is “ruled by wise leaders, but concerns lie over the future.”

The pro-Iran Coordination Framework in Iraq also expressed its objection to the delivery of the artillery to the Peshmerga, noting that previous governments were also opposed to the move.

Minister of Peshmerga Affairs Shoresh Ismail had announced in August that the US Defense Department, with the approval of the Baghdad government, had provided the Kurdish forces with heavy artillery.



Cyprus Can Help Rid Syria of Chemical Weapons, Search for its Missing, Says Top Diplomat

FILE PHOTO: A UN chemical weapons expert, wearing a gas mask, holds a plastic bag containing samples from one of the sites of an alleged chemical weapons attack in the Ain Tarma neighborhood of Damascus August 29, 2013. REUTERS/Mohamed Abdullah
FILE PHOTO: A UN chemical weapons expert, wearing a gas mask, holds a plastic bag containing samples from one of the sites of an alleged chemical weapons attack in the Ain Tarma neighborhood of Damascus August 29, 2013. REUTERS/Mohamed Abdullah
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Cyprus Can Help Rid Syria of Chemical Weapons, Search for its Missing, Says Top Diplomat

FILE PHOTO: A UN chemical weapons expert, wearing a gas mask, holds a plastic bag containing samples from one of the sites of an alleged chemical weapons attack in the Ain Tarma neighborhood of Damascus August 29, 2013. REUTERS/Mohamed Abdullah
FILE PHOTO: A UN chemical weapons expert, wearing a gas mask, holds a plastic bag containing samples from one of the sites of an alleged chemical weapons attack in the Ain Tarma neighborhood of Damascus August 29, 2013. REUTERS/Mohamed Abdullah

Cyprus stands ready to help eliminate Syria’s remaining chemical weapons stockpiles and to support a search for people whose fate remains unknown after more than a decade of war, the top Cypriot diplomat said Saturday.

Foreign Minister Constantinos Kombos said Cyprus’ offer is grounded on its own past experience both with helping rid Syria of chemical weapons 11 years ago and its own ongoing, decades-old search for hundreds of people who disappeared amid fighting between Greek Cypriot and Turkish Cypriots in the 1960s and a 1974 Turkish invasion, The AP reported.

Cyprus in 2013 hosted the support base of a mission jointly run by the United Nations and the Organization for the Prohibition of Chemical Weapons (OPCW) to remove and dispose of Syria's chemical weapons.

“As a neighboring country located just 65 miles from Syria, Cyprus has a vested interest in Syria’s future. Developments there will directly impact Cyprus, particularly in terms of potential new migratory flows and the risks of terrorism and extremism,” Kombos told The AP in written replies to questions.

Kombos said there are “profound concerns” among his counterparts across the region over Syria’s future security, especially regarding a possible resurgence of extremist groups like ISIS in a fragmented and polarized society.

“This is particularly critical in light of potential social and demographic engineering disguised as “security” arrangements, which could further destabilize the country,” Kombos said.

The diplomat also pointed to the recent proliferation of narcotics production like the stimulant Captagon that is interconnected with smuggling networks involved in people and arms trafficking.

Kombos said ongoing attacks against Syria’s Kurds must stop immediately, given the role that Kurdish forces have played in combating extremist forces like the ISIS group in the past decade.

Saleh Muslim, a member of the Kurdish Presidential Council, said in an interview that the Kurds primarily seek “equality” enshrined in rights accorded to all in any democracy.

He said a future form of governance could accord autonomy to the Kurds under some kind of federal structure.

“But the important thing is to have democratic rights for all the Syrians and including the Kurdish people,” he said.

Muslim warned that the Kurdish-majority city of Kobani, near Syria’s border with Türkiye, is in “very big danger” of falling into the hands of Turkish-backed forces, and accused Türkiye of trying to occupy it.

Kombos said the international community needs to ensure that the influence Türkiye is trying to exert in Syria is “not going to create an even worse situation than there already is.”

“Whatever the future landscape in Syria, it will have a direct and far-reaching impact on the region, the European Union and the broader international community,” Kombos said.