Iran’s Allies Seek to Obstruct Iraq's Grand Faw Port Project

Iraq's director general at the General Company for Ports, Farhan al-Fartousi, signs a contract with South Korea's Daewoo Engineering & Construction, to construct the Grand Faw port, in Baghdad, Iraq, Dec. 30, 2020. (Reuters)
Iraq's director general at the General Company for Ports, Farhan al-Fartousi, signs a contract with South Korea's Daewoo Engineering & Construction, to construct the Grand Faw port, in Baghdad, Iraq, Dec. 30, 2020. (Reuters)
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Iran’s Allies Seek to Obstruct Iraq's Grand Faw Port Project

Iraq's director general at the General Company for Ports, Farhan al-Fartousi, signs a contract with South Korea's Daewoo Engineering & Construction, to construct the Grand Faw port, in Baghdad, Iraq, Dec. 30, 2020. (Reuters)
Iraq's director general at the General Company for Ports, Farhan al-Fartousi, signs a contract with South Korea's Daewoo Engineering & Construction, to construct the Grand Faw port, in Baghdad, Iraq, Dec. 30, 2020. (Reuters)

Iraq’s signing on Wednesday of a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction to build the first phase at its planned Faw commodities port has revealed a dispute between two Iraqi camps over which country should oversee the construction.

Opinion is split between one camp that wants South Korea to take over the project, located in the southern Basra province, and another that wants China to be involved.

The first camp includes Prime Minister Mustsfa al-Kadhimi and political forces that support him, such as the Sairoon coalition of cleric Moqtada al-Sadr and the al-Hikma alliance led by Ammar al-Hakim. The second camp is comprised mainly of the Fateh alliance of the Popular Mobilization Forces and other parties that are known for their allegiance to Iran.

The positions from both camps over the project, expressed before and after the deal was inked, reveal just how deeply local forces are affected by the stances of regional and international powers. The dispute was not born yesterday, but has been brewing for weeks between the abovementioned camps.

The differing positions can be understood by expanding the overall political scene in Iraq and how it is affected by regional and international interests. Moreover, the South Korean company has been overseeing the al-Faw Grand Port for years and has never been met with such strong opposition as it is today from Iran’s allies.

Under the contract, signed in Baghdad by representatives of Iraq’s transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers.

Daweoo will also carry out dredging and drilling works to create an access navigation channel, Farhan al-Fartousi, Iraq’s director general at the General Company for Ports, told Reuters on the sidelines of a signing ceremony at the transportation ministry headquarters.

The first phase should allow the port to receive three million containers, and all the construction work should be finished in around four years, said Fartousi.

No sooner had the deal been announced that the Fateh alliance and other pro-Iran blocs kicked off efforts to collect signatures to file a request to debrief the minster of transportation.

The alliance claimed that the deal will lead to a “massive waste of public funds and confirms the suspicions of corruption.”

Secretary General of the Asaib Ahl al-Haq Qais al-Khazali slammed the deal, saying the corrupt figures who agreed to it will “eventually be exposed.”

“The people know who you are and will hold you accountable for this major crime against their future,” he tweeted.

“For our part, we will work tirelessly to thwart this crime against Iraq and we hope the honorable people will support us,” he added.



Türkiye, Hamas Discuss Gaza Ceasefire Deal’s Second Phase, Turkish Source Says

Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
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Türkiye, Hamas Discuss Gaza Ceasefire Deal’s Second Phase, Turkish Source Says

Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)

Turkish Foreign Minister Hakan Fidan on Wednesday ​met with Hamas political bureau officials in Ankara to discuss the ceasefire in Gaza and advancing the ‌agreement to ‌its ‌second ⁠phase, ​a ‌Turkish Foreign Ministry source said according to Reuters.

The source said the Hamas officials told Fidan that they had fulfilled ⁠their requirements as ‌part of the ‍ceasefire ‍deal, but that Israel's ‍continued targeting of Gaza aimed to prevent the agreement from ​moving to the next phase.

The Hamas members ⁠also said humanitarian aid entering Gaza was not sufficient, and that goods like medication, equipment for housing, and fuel were needed, the source ‌added.


Israel Says It Killed Hamas Financial Officer in Gaza

Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
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Israel Says It Killed Hamas Financial Officer in Gaza

Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)

The Israeli army said Wednesday that it had identified a Hamas financial official it killed two weeks ago in a strike in the Gaza Strip.

Abdel Hay Zaqut, a financial official in Hamas's armed wing, on December 13 in the same strike that killed military commander Raed Saad, seen by Israel as one of the architects of Hamas's October 7, 2023 attack.

The Israeli army's Arabic-language spokesperson, Avichay Adraee, said on Wednesday that Zaqut was killed while he was in a vehicle alongside Raed Saad in "a joint operation by the Israeli army and the Shin Bet", Israel's internal security agency.

Zaqut "belonged to the financial department of the armed wing" of Hamas, Adraee wrote on X.

"Over the past year, Zaqut was responsible for collecting and transferring tens of millions of dollars to Hamas's armed wing with the aim of continuing the fight against the State of Israel," he said.

Hamas's leader for the Gaza Strip, Khalil al-Hayya, confirmed on December 14 the death of Saad and "his companions", though he did not name Zaqut.

The Israeli army said Saad headed the weapons production headquarters of Hamas's military wing and oversaw the group's build-up of capabilities.

Since October 10, a fragile truce has been in force in the Gaza Strip, although Israel and Hamas accuse each other of violations.

The war began with Hamas's 2023 attack on Israel, which resulted in the deaths of more than 1,200 people, most of them civilians, according to an AFP tally based on official figures.

Israel's retaliatory campaign has killed more than 70,000 people in the Gaza Strip, according to the health ministry in the Hamas-run territory, a figure the UN deems is credible.


Lebanon Central Bank Governor Expresses Reservations Over Draft Law on Deposit Recovery

 Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
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Lebanon Central Bank Governor Expresses Reservations Over Draft Law on Deposit Recovery

 Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)

Lebanon’s Central Bank governor has expressed some reservations over a draft law allowing depositors to gradually recover funds ​frozen in the banking system since a financial collapse in 2019, a move critical to reviving the economy.

Karim Souaid described the proposed timetable for the cash component of deposit repayments as "somewhat ambitious" in a statement on Tuesday.

He suggested ‌it may ‌be adjusted without hindering ‌the depositors' ⁠rights ​guarantee "regular, ‌uninterrupted, and complete payments over time".

He also urged the cabinet to conduct a careful review of the draft law , calling for clarifications to ensure fairness and credibility before it is submitted to parliament.

The central ⁠bank governor said the draft required further refinement, ‌including clearer provisions to guarantee equitable ‍treatment of depositors ‍and to reinforce the state’s commitments ‍under the law.

The 2019 financial collapse - the result of decades of unsustainable financial policies, waste and corruption - led the state to default ​on its sovereign debt and sank the Lebanese pound.

The draft law marks ⁠the first time Beirut has put forward legislation aimed at addressing a vast funding shortfall - estimated at $70 billion in 2022 but now believed to be higher.

Prime Minister Nawaf Salam on Monday urged ministers to swiftly approve the draft legislation.

The cabinet discussed the law on Monday and Tuesday and is set to continue discussions ‌on Friday.