Archive for the ‘Mosul’ Category

Al Qaeda Won’t Feel Effects of Global Economic Trouble

October 16, 2008

CAIRO, Egypt (AP)  —  Al Qaeda, which gets its money from the drug trade in Afghanistan and sympathizers in the oil-rich Gulf states, is likely to escape the effects of the global financial crisis.

One reason is that Al Qaeda and other Islamic terrorists have been forced to avoid using banks, relying instead on less-efficient ways to move their cash around the world, analysts said.

Those methods include hand-carrying money and using informal transfer networks called hawalas.

US military spokesman Rear Admiral Patrick Driscoll speaks during ...
US military spokesman Rear Admiral Patrick Driscoll speaks during a news conference at the Green Zone area in Baghdad, Iraq. The US military said on Wednesday that a foreign insurgent killed in the main northern Iraqi city of Mosul this month has been identified as Abu Qaswarah, Al-Qaeda’s number two in Iraq.(AFP/POOL/Ali Abbas)

While escaping official scrutiny, those networks also are slower and less efficient — and thus could hamper efforts to finance attacks.

“It would be inconceivable that large amounts of [terror-linked] money would transit through the formal financial system, because of all the controls,” said Ibrahim Warde, an expert on terrorist financing at The Fletcher School at Tufts University.

The question of where Al Qaeda and its sympathizers get their money has long been crucial to efforts to prevent terrorist attacks. A 2004 U.S. investigation found that banks in the United Arab Emirates had unwittingly handled most of the $400,000 spent on the Sept. 11 attacks.

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U.S. General Seeks Troop Cut in Northern Iraq

July 22, 2007


BAGHDAD – In a move that could portend a strategy change, the commander of U.S. forces in northern Iraq said Sunday he has proposed reducing his troop levels and shifting next year to missions focused less on direct combat.

Army Maj. Gen. Benjamin Mixon told The Associated Press that if current trends hold, he would like to begin this troop reduction and change in mission in Nineva province, where he said Iraqi army forces already are operating nearly independently. He has proposed shifting the province to Iraqi government control as early as August.

Nineva’s capital is Mosul, the country’s third largest city.

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