New Pakistani Parliament Takes Oath In Historic Handover

Pakistan’s new parliament has been sworn in in the capital, Islamabad, in that country’s first-ever democratic transition of power.

The oath ceremony took place amid tight security around the city’s “Red Zone,” where key government buildings are located.

A new speaker should be elected by secret ballot on June 3.

The new prime minister, Nawaz Sharif, whose Pakistan Muslim League-N party won May’s elections, should be formally elected by the lower house and sworn in two days later.

Sharif’s party commands 177 of the 342 seats in the assembly.

That gives it significant leverage if it seeks to oust President Asif Ali Zardari when his term expires in September.

Zardari was credited with steering Pakistan to its democratic milestone by holding together the fractious coalition government led by his Pakistan People’s Party for its full five-year term.

On May 31, Sharif denounced a suspected U.S. drone attack that was said to have killed the Pakistani Taliban’s second-in-command, Wali-ur Rehman Masud.

ALSO READ: Potential Fallout Of Pakistani Militant’s Death

In a statement, Sharif expressed “deep disappointment” over the strike, thought to be the latest such attack in the United States’ ongoing efforts to target senior Islamist militants accused of destabilizing the region and exporting international terrorism.

The statement described the May 29 attack that killed Rehman and allies as a violation of Pakistan’s sovereignty and international law. The statement did not mention Rehman.

Based on reporting by AFP and Reuters

Radio Free Europe / Radio Liberty

White House To Host Myanmar President In Historic Visit

The White House has confirmed it will host Burma’s president next week in the first such visit by a head of state from the Southeast Asian state in nearly 50 years.

The White House said President Thein Sein’s May 20 visit “underscores President Barack Obama’s commitment to supporting and assisting those governments that make the important decision to embrace reform.”

Discussions are expected on democratic and economic development and ethnic tensions in Burma, (also known as Myanmar).

Washington has pushed for change in the country after five decades of repressive military rule that ended with Sein’s election in 2011.

It has gradually lifted sanctions against Burma as the country freed political prisoners and changed laws to open the political field for Aung San Suu Kyi’s pro-democracy movement.

With reporting by AP

Radio Free Europe / Radio Liberty

Historic Elections Under Way In Pakistan Amid Deadly Attacks

ISLAMABAD — Voting in Pakistan’s historic national elections is under way amid deadly attacks and threats by the Pakistani Taliban.

RFE/RL’s Radio Mashaal reports that at least 10 people were killed and dozens injured in a bombing in the port city of Karachi. The blast apparently targeted offices of the secular Awami National Party.

Police said that the the target, candidate Amanullah Mehsud, who is seeking election to the Sindh provincial assembly, escaped unhurt.

Radio Mashaal reports that two blasts in the Kyber Paktunkhwa capital city of Peshawar killed at least one person and injured 22. One of the blasts reportedly targeted a school turned into a polling station.

The Pakistani Taliban has condemned the elections as un-Islamic and threatened to disrupt the vote.

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More than 86 million voters are eligible to cast ballots for the 342-member National Assembly and assemblies in Khyber Pakhtunkhwa, Punjab, Sindh, and Balochistan provinces.

Sixty seats in the National Assembly are reserved specifically for women and 10 for non-Muslim minorities.

Some 600,000 security personnel were being deployed to guard polling places following an election campaign in which upward of 120 people were killed in militant attacks.

The vote will mark the first time in Pakistan’s 66-year history that a civilian government has completed a full term and handed over to another civilian administration through the ballot box.

Pakistan’s military has ruled for approximately half the period since the country’s independence in 1947, staging coups three times.

Pakistani volunteers gather beside the dead bodies of blast victims outside a hospital following a bomb explosion in Karachi.

Opinion surveys have suggested that the opposition party of former Prime Minister Nawaz Sharif, the Pakistani Muslim League-N, could win the most seats.

The Pakistan Tehreek-e-Insaf, or Movement for Justice Party, of cricket legend Imran Khan is also expected to make an impact.

Khan is seen as potentially receiving a fresh burst of sympathy from voters after an accident this week at a political rally in which he fell, fracturing several vertebrae and a rib.

Voters appear largely disenchanted with the Pakistan Peoples Party (PPP), which led the outgoing government.

During its five-year term, the government struggled to take effective action over a myriad of problems, ranging from deadly attacks by Islamic militants to sectarianism, natural disasters, and corruption.

It has also had to contend with deteriorating relations with the United States, particularly in the aftermath of the 2011 raid by U.S. forces that killed Al-Qaeda leader Osama bin Laden, who was living in a compound not far from a key Pakistani military facility.

The PPP is formally led by Bilawal Bhutto Zardari, son of President Asif Ali Zardari and the assassinated former Prime Minister Benazir Bhutto.  

There has been no new word about the fate of Ali Haider Gilani, a PPP candidate and son of former Prime Minister Yusuf Raza Gilani.

Gunmen abducted Gilani on May 9 during a campaign rally in Multan, where he is running for the provincial assembly.

Much of the preelection violence has appeared to target secular-leaning parties in the outgoing coalition, while relatively sparing parties who take a softer line toward militants or question the activities of U.S.-led forces in the Pakistan-Afghan region.

In another development, “The New York Times” says that on the eve of the elections, Pakistani authorities expelled the newspaper’s Islamabad bureau chief, Declan Walsh, due to “undesirable activities.” Authorities have not supplied details of these alleged activities.

With reporting by AFP, AP, and Reuters

Radio Free Europe / Radio Liberty

Voting begins in historic Pakistan polls

Millions of Pakistanis are expected to brave Taliban threats to vote in elections pitting a former cricket star against a two-time prime minister and an incumbent blamed for power blackouts and inflation.

Saturday’s vote marks the first time in the country’s 65-year history that a civilian government has completed its full term and handed over power in democratic elections. Previous governments have been toppled by military coups or sacked by presidents allied with the powerful army.

Polls opened at 8am (03:00 GMT) and were due to close at 5pm, allowing an electorate of more than 86 million to vote for the 342-member national assembly and four provincial assemblies in Khyber Pakhtunkhwa, Punjab, Sindh and Baluchistan.

Spotlight

Coverage of 2013 general election across the politically divided South Asian nation.

The Taliban have branded democracy un-Islamic and have waged a campaign of attacks against the main secular parties, killing more than 130 people in what has been called the country’s deadliest election in history.

Deadly violence struck again on Friday, with a pair of bombings against election offices in northwest Pakistan that killed three people and a shooting that killed a candidate in the southern city of Karachi.

Al Jazeera’s Kamal Hyder, reporting from the city of Peshawar, said the borders with Afghanistan closed.

“The city of Peshawar itself, which has over 900 polling stations and over 8,000 security personnel deployed, is preparing to hold one of the most expensive elections in the history of the country.

“The question will be: will the people come out to vote in large numbers?”

He said several bombs had reportedly been defused before polls opened on Saturday.

The umbrella Tehreek-e-Taliban (TTP) stepped up their threats on the eve of the elections, warning voters to boycott polling stations to save their lives.

Around half of the estimated 70,000 polling stations have been declared at risk of attack, many of them in insurgency-torn parts of Baluchistan and the northwest. 

The frontrunner is ex-prime minister Nawaz Sharif, head of the centre-right Pakistan Muslim League-N (PML-N) but much of the attention has been focused on cricket star Imran Khan with promises of reform and an end to corruption.

The 60-year-old leader of Pakistan Tehreek-e-Insaf (PTI) tapped into a last-minute surge of support after fracturing his spine when he fell from a stage at a campaign rally on Tuesday.

If Khan’s party can take enough votes away from Sharif, it might open the way for the outgoing centre-left Pakistan People’s Party (PPP) to once again form the government.

Despite widespread unhappiness with the party’s performance over the past five years, it does have a loyal following in rural areas of southern Sindh province and southern Punjab.

The main issues are the troubled economy, an appalling energy crisis which causes power cuts of up to 20 hours a day, the alliance in the US-led war on armed groups, chronic corruption and the dire need for development.

 

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AL JAZEERA ENGLISH (AJE)

American Company to Modernize Historic Iraq Port

Efforts focused upon revitalizing Basra’s Maqal Port, propelling ancient city’s resurgence as leading, global trade center

WASHINGTON & BASRA, Iraq, Oct 02, 2012 (BUSINESS WIRE) — North America Western Asia Holdings (NAWAH) announced today that it has entered a formal agreement with Iraq’s Ministry of Transportation and the General Company for the Ports of Iraq to modernize Maqal Port, a historic port located in Basra’s urban center on the Shatt al Arab waterway.

As part of the agreement, the American company will invest more than $ 14 million to bring both heavy-lift crane and container handling capabilities to the 93-year-old port. NAWAH will also build a modern container yard adjacent to the port’s berth 14. The company’s agreement with GCPI will extend 10 years.

“The speed at which Iraq can rebuild and become prosperous is greatly dependent upon the capacity of its ports,” said Paul Brinkley, NAWAH’s president and CEO. “The modernization of Maqal Port is an important step in helping Basra regain its status as a key regional trading hub.”

With Umm Qasr Port, Iraq’s only other modern port, some 40 miles away from downtown Basra, this venture will provide a full spectrum of companies representing Basra’s merchant community and industrial base with close, convenient accessibility to a world-class, containerized berth.

“Modernizing Maqal Port is one step in Iraq’s greater vision to improve and expand our country’s shipping and port capabilities,” said Hadi Al-Amiri, Iraq’s minister of transportation. “Having an American company like NAWAH commit to our country’s long-term economic growth sends a strong message to other American and international investors that Iraq is truly ripe for investment.”

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Dinar Daddy’s Tidbits

* Historic bank merger excites market

HA NOI — Stocks rose yesterday on both exchanges, boosted by the announcement of the merger between Sai Gon-Ha Noi Bank (SHB) and Habubank (HBB). The two banks yesterday held a press conference to officially announce their merger – the first ever merger between two listed banks in the history of Viet Nam’s stock market.

Over 4 million HBB shares will be delisted from the Ha Noi Stock Exchange on August 17, and the two banks will complete their share swaps by August 28. Shares of the new bank will be traded beginning September 20.

Both shares hit their ceiling prices at the end of yesterday’s session, with SHB closing at VND9,500 per share and HBB at VND5,100.

On the Ha Noi Stock Exchange, the HNX-Index closed up 0.44 per cent to 70.79 points. The value of trades decreased, however, falling 29 per cent from Wednesday’s level to VND376.5 billion (US$ 17.9 million) on trades of 39.5 million shares.

The HNX30 Index, tracking the 30 leading shares by market capitalisation and liquidity, rose 0.65 per cent to 135.98 points.

PetroVietnam Construction (PVX) became the most-active share on a volume of 3.9 million, rising 1.16 per cent to VND8,700 per share.

On the HCM City Stock Exchange, the VN-Index also inched up 0.81 per cent to 426.98 points with the value of trades doubled Wednesday’s level, reaching VND728.3 billion ($ 26.7 million).

The VN30 Index gained 0.96 per cent to close at 508.58 points, with Tan Tao Industry Investment (ITA) most active, with 2.2 million shares traded. ITA closed up by 1.45 per cent to VND7,000 per share. Dairy giant Vinamilk (VNM), insurer Bao Viet Holdings (BVH) and food processor Masan Group (MSN) all saw increases of over 2 per cent each.

Despite positive signs in recent sessions, PetroVietnam Securities Co analysts said the gains merely represented random fluctuations, with the market continuing to lack both buyers and sellers. Benchmark indices on both bourses were heavily affected by changes of large-cap stocks, they noted.

“The economic situation in July did not see any significant improvement to support the stock market,” they wrote in a research note. “Recent oil price increases have also exposed this risk factor to investors, with inflation now expected to rise again.”

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Dinar Daddy’s Tidbits

Assyrians Make Their Mark in Historic Meet With Turkish President

Posted GMT 7-30-2012 6:25:37

The details regarding a recent meeting in which Turkish President Abdullah Gül hosted the leaders of eight of Turkey’s minority foundations on July 27 in Istanbul have been revealed. Accordingly, the three participant Syriac [Assyrian] foundations made their mark at the meeting, especially regarding the ongoing conflict regarding the Mor Gabriel (Deyrulumur) Monastery case and the relocation of the Syriac Church’s patriarchate from Beirut to Turkey.

During the meeting, which was planned to be 45 minutes but took about 1.5 hours, Gül paid great attention to the problems communicated but didn’t make any remarks about any problem, the Hürriyet Daily News has learned.

The Syriac foundations also demanded the return of their historical patriarchate building in Mardin, which has been turned into a museum.

In previous months, Foreign Minister Ahmet Davutoğlu held a series of negotiations with Syriacs on the topic and proposed bringing Beirut’s Catholic and Damascus’ Syriac Kadim patriarchates to Turkey. Besides the patriarchate issue, Syriac’s Kadim Church foundation put the historical Mor Gabriel Monastery in Mardin on the agenda, which has been the subject of a conflict between Turkey and the Mor Gabriel Foundation.

Other minority leaders also brought education problems in minority schools and expectations regarding citizenship rights to the table.

Foundations Law

Yedikule Surp Pırgiç Armenian Hospital Foundation President Bedros Şirinoğlu also joined the meeting to represent Armenian foundations.

“We have already been speaking about our problems generally with Prime Minister Recep Tayyip Erdoğan and Deputy Prime Minister Bülent Arınç. So, instead of repeating our problems to the president, we wanted to express our regards for his support of the Minority Foundations Law,” he said.

Laki Vingas, a council member of the Foundations Directorate General and the organizer of the meeting, told the Daily News the meeting had been held under very good conditions, the leaders of minorities expressed their gratitude for the Foundations Law and return of properties and they spoke about education problems.

In addition to Şirinoğlu and Vingas, Syriac Catholic leader Zeki Başdemir, Armenian Catholic Foundation leader Bernard Sarıbay, Syriac Kadim Foundation representative Sait Susin, Greek Foundation representative Andon Parisyoanos, Jewish Community representative Sami Herman and Bulgarian community representative Vasil Liyaze attended the meeting.

By Vercihan Ziflioğlu
www.hurriyetdailynews.com

Assyrian International News Agency

Asia’s Top 10 Historic Sites Under Threat

The preservation watchdog Global Heritage Fund recently released a list of Asia’s 10 most significant archaeological and heritage sites that are under threat, including sites in two of RFE/RL’s broadcast countries — Afghanistan and Pakistan.

As the report notes, the sites should be preserved not only for their historic significance but also for the roles they can play in helping impoverished nations economically:

Each of the 10 sites documented in Asia’s Heritage in Peril represents a vast, untapped economic opportunity for its host nation and local communities in need. International and domestic tourism to major archaeological and heritage sites has soared over the past 10 years: From $ 8 billion to over $ 25 billion in annual revenues, according to the Vanishing report.

By 2025, GHF estimates that global heritage sites in the worldʼs poorest countries will generate over $ 100 billion annually, while creating millions of new jobs and business opportunities — but only if current trends of loss and destruction are reversed.


 

The sites (listed below) are under threat, Global Heritage says, due to factors such as development pressures, unsustainable tourism, insufficient management, looting, and war and conflict.

MES AYNAK, Afghanistan

The ancient Buddhist monastery complex — some 4,000 hectares worth — sits atop vast copper reserves outside the capital, Kabul. The China Metallurgical Group Corp. has agreed to give archaeologists three years to excavate the site before it is destroyed to make way for what would be the world’s second-largest copper mine.

As RFE/RL correspondent Frud Bezhan noted in an article about the site in February:

Mes Aynak, meaning “little copper well,” was the center of a Buddhist Kingdom before Islam came to Afghanistan. It is thought that monks settled here for its ample supply of copper, which brought them great wealth and allowed them to build a grand monastery.

But if copper led to the creation of the settlement, it appears now that it will also lead to its destruction.

​​

TAXILA, Pakistan

This complex of ruins, the report notes, includes a Mesolithic cave, four settlement sites, Buddhist monasteries, and medieval Muslim mosques and madrasahs. It is threatened by insufficient management, nearby quarrying and stone-blasting, looting, and militant attacks.

PHOTO GALLERY: Asian heritage sites under threat

​​

AYUTTHAYA, Thailand

Noted for its tall conical towers, Ayutthaya was founded in 1350 and was one of the most important economic and trade centers of the region. It was destroyed by the Burmese Army in 1767. It’s threatened by persistent flooding and poor management.

FORT SANTIAGO AND INTRAMUROS, Philippines

A defensive fortress built into the walls of Santiago, Intramuros was constructed by Spanish conquistador Miguel Lopez de Legazpi and the 16th century. Severely damaged during World War II, its current threats include modernization, development pressures, and insufficient management.

KASHGAR, China

Global Heritage calls Kashgar — on China’s western border with Afghanistan and Pakistan — one of the world’s best-preserved examples of a traditional Islamic city. It’s home to China’s largest mosque. Kashgar is under threat from aggressive urban development and what Global Heritage calls “destructive modernization.”

MAHASTHANGARH, Bangladesh

The oldest archaeological site ever found in Bangladesh, Mahasthangarh dates back to the 3rd century B.C. Many of the mounds surrounding the great citadel have not yet been excavated but are believed to contain Hindu temples and treasures. It’s threatened by poor management, looting and vandalism, and development pressures.

MYAUK-U, Myanmar

Myauk-U contains some 200 Buddhist monuments –pagodas, temples, monasteries, and stupa — dating to the 15th and 16th centuries and was an important regional trade hub as part of the Arakenese kingdom. It’s threatened by the construction of a new railroad through the area, as well as flooding and insufficient management.

PLAIN OF JARS, Laos

Thousands of massive megalithic stone “jars” — made from sandstone, granite, and limestone — litter the Xieng Khouang Plateau. They are believed to be part of the funerary customs of Iron Age inhabitants. The site is threatened by unexploded ordnance from the Second Indochina War, as well as poor management and development pressures, including use of the jars by farmers for animal troughs and chicken coops.

PREAH VIHEAR, Cambodia

The 11th-century Khmer temple is located atop a massive cliff — “perhaps the most stunning setting of all Khmer temples.” It was modified by successive kings of the empire and reveals the hallmarks of several architectural styles. It is threatened by military skirmishes between Cambodia and Thailand, which also claims ownership of the site, as well as natural disasters, due to its vulnerable location.

RAKHIGARHI, India

Home to the great Indus civilization more than 5,000 years ago, the site includes evidence of paved roads, drainage systems, and advanced metal working. Much of the site, consisting of ancient mounds as high as 15 meters, has not been excavated. The site was abandoned and plowed under in 2004 and is used now for drying and harvesting buffalo dung. Looting is also a problem.
Radio Free Europe / Radio Liberty

Egyptians vote in historic election

Voting in Egypt’s first democratic presidential election has been unfolding peacefully, with election observers and media sources reporting calm lines and few violations in the country’s polling stations.

Thirteen candidates are running to succeed Hosni Mubarak, whose government was brought down by mass protests in 2011 after 30 years of authoritarian rule.

They range from socialists to secular liberals to conservative Islamists, and opinion polls indicate the race remains a toss-up.

In Cairo, polls opened around 8am and lines could be seen snaking down sidewalks in the city centre.

Elsewhere in the capital, observers reported less interest and only a moderate amount of voters, which some explained as a result of the two days available for voting or the fact that workers had not left their offices yet.

Al Jazeera’s Mike Hanna said there was also a high turnout at polling stations in Cairo, where many people said they had come to vote early to avoid the blistering heat expected later in the day.

The election is the final phase of a tumultuous transition marred by violence, protests and political deadlock, overseen by the ruling Supreme Council of the Armed Forces (SCAF) after last year’s revolution.

South of Cairo’s city centre, in working-class neighbourhoods such as Ain Sira and Abu Seoud, monitors from the campaigns of Mohammed Morsi, the Muslim Brotherhood candidate, and Abdel Moneim Aboul Fotouh, a former Brotherhood activist, were also observing the vote.

Differing opinions

Campaigning outside polling places, which is illegal but was common during parliamentary elections last autumn and winter, seemed to have disappeared.

Outside a primary school polling place in Ain Sira, 29-year-old Ahmed Ali, who works as a driver for a petrol company, said he had voted for Morsi.

“I don’t know him personally, but I know him through the Brotherhood,” he said. “They are very organised people, and his background is moderate.”

Yasser Shehata Mohammed, a 48-year-old electrical engineer who organised Morsi’s campaign in the neighbourhood, said he expected the candidate to receive fewer votes than their parliamentarians did last year.

“There are strong competitors and the media coverage played a big role,” he said.

Mohammed studied under Aboul Fotouh when he led the Brotherhood’s efforts in the area, and he respects him, but Mohammed said Morsi has an organisation behind him, while Aboul Fotouh has personal appeal.

High female-voter turnout

In the northern coastal town of Alexandria, lines of voters began forming under the warm Mediterranean sun more than an hour before polls opened in some places.

Jamal Elshayyal, reporting from a voting station in the Mediterranean city of Alexandria, where a few hundred women lined up, said there was a “huge euphoria as people are finally getting to choose who will rule the country.”

“I’m so excited,” said Mounira Fawzi, 21 as she waited outside the Mohamed Korriam School in the upscale Smouha area.
 
“This is the first time I get to vote for president since the revolution. Hopefully we will get someone who can fix the country. God willing after the elections democracy will come to Egypt.”
 
Minutes later Fawzi emerged from the polling station, the pinky finger on her right hand dyed in purple ink.
 
“I feel freedom,” she said, her body shaking with excitement. “For the first time my voice and opinion really counts.”
 
The mood was present across town in Moharram Bek. People lined the narrow streets as Alexandria’s unique yellow and black taxis flooded the streets.
 
By midday there were few complaints from voters in Alexandria.
 
Across town, representatives of the different could be found in most polling stations to make monitor the vote and report any irregularities.
 
“Everything is going fine,” said Hamdy Abdel Salman, a representative for Morsi’s campaign at a voting station in Moharram Bek.
 
“At first people were complaining about the long lines, but the organization is getting better as the day goes on.”

Security issues

Another issue which many voters will consider when choosing their candidate is security, Al Jazeera’s Rawya Rageh said from the Red Sea port city of Suez.

“In the past 15 months after the revolution, security has been a top concern for Egyptians,” she said.

“There has been lawlessness, all sorts of reports of kidnappings, car jackings, home invasions – the kind of violence this country was never used to.”

Our correspondent said questions had been raised “whether the police force, which was discredited during the 18-day revolution, is unable, or simply unwilling, to handle security in the country”.

The SCAF has called on Egyptians to turn out en masse to the polls, while warning against any “violation”.

“The participation of citizens in the presidential election is the best guarantee of the transparency and security of the electoral process,” Mohammed al-Assar, a SCAF member, was quoted as saying by state news agency MENA.

The SCAF has pledged to hand power to civilian rule by the end of June, after a president is elected, but many fear its retreat will be just an illusion.

The army, with its vast and opaque economic power, wants to keep its budget a secret by remaining exempt from parliamentary scrutiny, maintain control of military-related legislation and secure immunity from prosecution.

The election comes less than two weeks before a court is expected to issue a verdict in the trial of Mubarak, 84, tried on charges of complicity in the killing of about 900 protesters during the uprising against his 29-year rule.

He also faced corruption charges, along with his two sons, Gamal and Alaa.


AL JAZEERA ENGLISH (AJE)

Egypt set for historic presidential race

Egyptians are all set to elect a president for the first time in a wide open democratic contest that pits religious conservative groups against those who served under deposed president Hosni Mubarak.

Wednesday’s contest is a novelty for a nation where elections during the 30-year rule of a man some called “Pharaoh” were thinly attended rigmaroles in which the result was a foregone conclusion.

This time Egypt’s 50 million eligible voters are expected to turn out in force to determine who will lead the country after the generals who have overseen a transition marred by violence, protests and political deadlock, formally hand over power by July 1.

“Of course I will vote. I want change. We can’t stay in this messy situation for the rest of our lives,” said Wael Azmy, an accountant, who has taken the day off work to give him time to join the queues he expects to form outside polling stations.

Voters have been blitzed by three weeks of official campaigning, which ended on Sunday. Egypt held its first US-style televised presidential debate. Newspapers have carried interviews and campaign adverts. Banners and posters festoon the streets.

With none of the 12 candidates expected to secure more than half the votes to win outright in the first round on Wednesday and Thursday, a run-off between the top two is likely in June.

It will be the first time that ordinary Egyptians, ruled down the centuries by pharaohs, sultans, kings and military officers, will have a genuine chance to choose their leader.

But whoever wins faces a huge task to deliver changes that Egyptians expect to relieve a grim economic outlook. The military that was a pillar of Mubarak’s rule is likely to remain a powerful political force for years.

Edgy transition

The army, whose senior ranks also have extensive commercial interests, insists it does not want to hang onto power.

“With these elections, we will have completed the last step in the transitional period,” General Mohamed el-Assar told a news conference on the eve of voting.

There is little reliable survey data to give any indication of which candidate will emerge as head of state.

The West and Israel, worried about its 33-year-old peace treaty with Egypt, are watching to see if proponents of political Islam add to their gains after sweeping most seats in a parliamentary vote that ended in January.

Many Gulf states are equally concerned about who will lead the regional heavyweight after their long-time ally Mubarak was ousted. Their conservative monarchies have so far emerged from a wave of Arab uprisings relatively unscathed.

Seeking to allay such worries, the Muslim Brotherhood’s candidate, Mohamed Mursi, pledged in a final rally on Sunday that “we will not export our revolution to anyone”.

Mursi was pitched into the race at the last minute after the Brotherhood’s first-choice candidate was ruled out. He may lack charisma, but he can rely on the Brotherhood’s vote machine.

His rivals include Abdel Moneim Abol Fotouh, who has drawn support ranging from liberals to religious conservatives; former foreign minister and Arab League chief Amr Moussa, who has been a public figure for years with strong name recognition; and Ahmed Shafiq, Mubarak’s last prime minister, who like his former boss, once commanded the air force.

Making a late surge is Hamdeen Sabahy, a leftist inspired by Gamal Abdel Nasser, whose “Free Officers” overthrew King Farouk in 1952 and set up the system that has put military men in the presidency for the past 60 years.


AL JAZEERA ENGLISH (AJE)

Egypt Holds Historic Presidential Debate

Egyptians have tuned in to watch the first ever presidential debate.

The TV debate pitted the former foreign minister Amr Moussa against Abdel Moneim Abol Fotouh. 

The two have emerged as the two leading candidates in a field of 13. 

The election gets under way in two weeks, the climax of an army-led transition to civilian rule after the ouster of Hosni Mubarak 15 months ago. 

The first real presidential election in this country of more than 80 million people is being watched across the region as a measure of change brought by last year’s historic uprisings
across the Middle East.

Based on AP and Reuters reporting

Radio Free Europe / Radio Liberty

Greece on verge of historic debt swap deal

Greece has moved closer to wrapping up its bond swap with private investors, indicating that it had already cleared a vital threshold needed to pass a deal which will hand bondholders steep cuts in the value of their investments.

With less than three hours to go on a deadline on the biggest sovereign debt restructuring in history, a senior official on Thursday said the government had acceptances covering more than 75 per cent of bonds eligible to take part in the offer.

Investors have until 20:00 GMT to sign on to the deal, which aims to lower Greece’s national debt by having private creditors swap their Greek bonds for new ones with a face value that is 53.5 lower than previously, lower interest rates and longer maturity dates.

The swap is a critical part of the country’s second international bailout.

Unexpected ‘success’

If too few investors agree and the initiative fails, the crisis-hit country will likely default on its debt in less than two weeks when a big bond repayment is due, prompting renewed turmoil in financial markets and knocking confidence in the global economy.

Al Jazeera’s John Psaropoulos, reporting from Athens, said that a senior official told him on Thursday that participation in the debt deal may have surpassed 80 per cent. 

“If so, that will be a higher than expected success for the Greek government, which still has two hours to go before the deadline,” Psaropoulos said.

He added that there was an “enormous” amount of global interest in the situation in Greece.

“There is interest from as far afield as China, with many countries in live communication now with sources in Greece. If the debt deal fails, it could, according to some economists, drive the whole European economy into recession,” Psaropoulos reported.

Athens has said it needs 90 per cent participation for the deal to be successful. However, it can trigger legislation forcing holdouts to go along if creditors holding between 75 per cent and 90 per cent sign up.

Markets have been optimistic that Greece will muster enough support. The Athens stock exchange closed up 3.1 per cent, while the Stoxx-50 of leading European shares rose 0.9 per cent. The euro was trading 0.8 per cent higher at
$ 1.32.

The bond swap is a radical attempt to finally pull Greece out of its debt spiral and put its shrinking economy back on the path to recovery. The hope is that by slashing the overall debt, the country, which is in a fifth year of recession, can gradually return to growth and eventually repay the remaining money it owes.

Second bailout

The task at hand, even with the debt reduction, is massive. Official figures released on Thursday showed unemployment shot up to a record 21 per cent in December, compared with 14.8 per cent last year. For young people, the figures are even worse, with 51.1 per cent of those aged between 15 and 24 out of work.

“Obviously for the majority of bondholders it does make sense to accept the deal as it is better to get something rather than nothing and if the exchange failed and Greece undertook a disorderly default then the likelihood is that … bondholders would recover [next to nothing],” said Gary Jenkins, managing director of Swordfish Research.

“Thus the most likely outcome remains that Greece will receive enough acceptances to move ahead with the deal and trigger the second bailout package.”

By early Thursday, banks, pension funds and other investors holding well over half the $ 270bn total debt in public hands had pledged to take part.

Italy’s Premier Mario Monti was upbeat. “The resolution of the Greek financial crisis is in sight,” he said earlier on Thursday afternoon.

‘Going well’

Only bonds held by private investors are part of the deal, meaning outstanding amounts held by the European Central Bank and other central banks are exempt. Athens will announce the results early on Friday, after which finance ministers of European countries using the euro are to discuss the outcome in a conference call.

Lucas Papademos, the Greek prime minister, held a Cabinet meeting on Thursday afternoon to discuss the plan. Evangelos Venizelos, the country’s finance minister, informed the ministers that the process had been “going well”, an official in the meeting said.

The complex bond swap, known as the Private Sector Involvement, or PSI, is critical for Greece to secure its second bailout, a $ 171bn package of rescue loans from other eurozone countries and the International Monetary Fund.

The Institute of International Finance, which has been negotiating on behalf of large private creditors, said 32 firms holding $ 111bn of Greek bonds have signed up, including major German, French, Greek and Cypriot banks.


AL JAZEERA ENGLISH (AJE)

Air Force assists in historic final transfer of Iraq’s airspace

BAGHDAD –
With the Air Force’s assistance, Iraq now has full air traffic control responsibility for the country’s airspace for the first time since 2003.

The Air Force transferred management of the Baghdad and Balad Airspace sector to the Iraq Civil Aviation Authority (ICAA) on Oct. 1.

With this historic step, Iraq’s air traffic controllers now direct the movement of all aircraft within the busiest and most complex airspace in Iraq.

“This transfer was the culmination of a multi-year effort by the Air Force, U.S. Embassy-Baghdad, and the ICAA to help Iraq develop a self-sufficient, national air traffic control system,” said Maj. Adam Fiedler, an airspace planner with the U.S. Forces-Iraq Air Component Coordination Element-Iraq.

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Warhorse transfers COS Garry Owen to IA, closes historic chapter

CONTINGENCY OPERATING STATION GARRY OWEN, Iraq –
The 3rd Battalion, 8th Cavalry Regiment, 3rd Advise and Assist Brigade, closed out a historic chapter in the 1st Cavalry Division’s proud history when they transferred ownership of Contingency Operating Station Garry Owen to the 10th Iraqi Army Division and the government of Iraq Oct. 15.

By transferring the COS to Iraqi Security Forces, the United States is fulfilling its commitment to have all troops out of Iraq by the Dec. 31, deadline.

The Warhorse Soldiers have called COS Garry Owen home for the entirety of their nine month deployment in support of Operation New Dawn. They have maintained security in Maysan since relieving the 1st Bn, 8th Infantry Regt., 4th Inf. Div. from Fort Carson, Colo. and assuming responsibility on March 5.

View full post on Headlines | United States Forces – Iraq