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Iraq Stock Exchange

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The Iraq Stock Exchange ( ISX ), formerly the Baghdad Stock Exchange , is an Iraqi stock exchange located in Baghdad , Iraq . It was established by the Coalition Provisional Authority (CPA) Order No. 74 as a sui generis independent non-profit organization on April 18, 2004. This order also created the Iraq Securities Commission and an Iraq Depositary . The stock exchange was part of the development of the country from a non-transparent centrally planned economy to a free market economy through a dynamic private sector.

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89-550: The Iraq Stock Exchange was incorporated and began operations on June 24, 2004. It operates under the oversight of the Iraq Securities Commission, an independent commission modeled after the U.S. Securities and Exchange Commission . This body, which supervises the Board of Governors, initially served as the bridge between the country's previous state-owned stock exchange and the new independent exchange. June Reed

178-458: A Pentagon spokesman, said the banner referred specifically to the aircraft carrier's 10-month deployment (the longest carrier deployment since the Vietnam War ) and not the war itself: "It truly did signify a mission accomplished for the crew." The White House claimed that the banner was requested by the crew of the ship, who did not have the facilities for producing such a banner. Later,

267-550: A joint session of Congress (simulcast live to the world), and announced his new " War on Terror ". This announcement was accompanied by the doctrine of "pre-emptive" military action, later termed the Bush Doctrine . Allegations of a connection between Saddam Hussein and al-Qaeda were regularly made by several senior officials in the Bush administration , who asserted that a highly secretive relationship existed between Saddam and

356-560: A 48-hour deadline. The UK House of Commons held a debate on going to war on 18 March 2003 where the government motion was approved 412 to 149 . The vote was a key moment in the history of the Blair administration , as the number of government MPs who rebelled against the vote was the greatest since the repeal of the Corn Laws in 1846. Three government ministers resigned in protest at the war, John Denham , Lord Hunt of Kings Heath , and

445-427: A January 2003 CBS poll, 64% of Americans had approved of military action against Iraq; however, 63% wanted Bush to find a diplomatic solution rather than go to war, and 62% believed the threat of terrorism directed against the U.S. would increase due to war. The invasion was strongly opposed by some long-standing U.S. allies, including the governments of France, Germany, and New Zealand. Their leaders argued that there

534-472: A banner that said "Mission Accomplished." Bush was criticized for the historic jet landing on the carrier as an overly theatrical and expensive stunt. For instance, it was pointed out that the carrier was well within range of Bush's helicopter , and that a jet landing was not needed. Originally, White House officials had said the carrier was too far off the California coast for a helicopter landing and

623-809: A design that Iraq stated did not exceed the permitted 150 km range, but which had traveled up to 183 km in tests. Shortly before the invasion, UNMOVIC stated that it would take "months" to verify Iraqi compliance with resolution 1441. In October 2002, the U.S. Congress passed the Iraq Resolution , which authorized the President to "use any means necessary" against Iraq. Americans polled in January 2003 widely favored further diplomacy over an invasion. Later that year, however, Americans began to agree with Bush's plan. The U.S. government engaged in an elaborate domestic public relations campaign to market

712-519: A few weeks after the beginning of the fifth longest war in American history. In a less publicized incident, Rumsfeld also declared an end to major combat operations in Afghanistan on May 1, a few hours before Bush's announcement. In November 2008, soon after the presidential election in which Democrat Barack Obama was elected to succeed him, Bush indicated that he regretted the use of

801-646: A jet pilot in the Air National Guard flying F-102 fighter-interceptors, he was never trained to land on a carrier. In the speech, Bush said, "Major combat operations in Iraq have ended. In the battle of Iraq, the United States and our allies have prevailed." He also said, "We have difficult work to do in Iraq. We are bringing order to parts of that country that remain dangerous." And he added, "Our mission continues...The War on Terror continues, yet it

890-556: A jet would be needed to reach it. On the day of the speech, the Lincoln was only 30 miles (48 km) from shore, but the administration still decided to go ahead with the jet landing. White House spokesman Ari Fleischer admitted that Bush "could have helicoptered, but the plan was already in place. Plus, he wanted to see a landing the way aviators see a landing." The Lincoln made a scheduled stop in Pearl Harbor shortly before

979-585: A marketing point of view, you don't introduce new products in August." Bush began formally making his case to the international community for an invasion of Iraq in his 12 September 2002 address to the United Nations General Assembly . The United Kingdom agreed with the U.S. actions, while France and Germany were critical of plans to invade Iraq, arguing instead for continued diplomacy and weapons inspections. After considerable debate,

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1068-522: A message to the U.S. State Department that the Iraqis wanted to discuss the accusations that the country had weapons of mass destruction and ties with Al-Qaeda. Iraq also attempted to reach the U.S. through the Syrian, French, German, and Russian intelligence services. In January 2003, Lebanese-American Imad Hage met with Michael Maloof of the U.S. Department of Defense 's Office of Special Plans . Hage,

1157-418: A mission to remove a grave threat and to liberate an oppressed people, and that mission has been accomplished." For critics of the war, the photo-op became a symbol of the Bush administration 's unrealistic goals and perceptions of the conflict. Anti-war activists questioned the integrity and realism of Bush's "major combat" statement. The banner came to symbolize the irony of Bush giving a victory speech only

1246-447: A parliamentary question, that "Regime change in Iraq would be a wonderful thing. That is not the purpose of our action; our purpose is to disarm Iraq of weapons of mass destruction..." In November of that year, Blair further stated that, "So far as our objective, it is disarmament, not regime change – that is our objective. Now I happen to believe the regime of Saddam is a very brutal and repressive regime, I think it does enormous damage to

1335-529: A resident of Beirut , had been recruited by the department to assist in the war on terror . He reported that Mohammed Nassif, a close aide to Syrian president Bashar al-Assad , had expressed frustrations about the difficulties of Syria contacting the United States, and had attempted to use him as an intermediary. Maloof arranged for Hage to meet with civilian Richard Perle , then head of the Defense Policy Board . In January 2003, Hage met with

1424-407: A televised speech on the aircraft carrier USS Abraham Lincoln . Bush, who had launched the U.S.-led invasion of Iraq six weeks earlier, mounted a podium in front of a White House -produced banner that read " Mission Accomplished ". Reading from a prepared text, he said, "Major combat operations in Iraq have ended. In the battle of Iraq, the United States and our allies have prevailed ... because

1513-604: A threat to the U.S. and the world community. George W. Bush, speaking in October 2002, said that "The stated policy of the United States is regime change. ... However, if Saddam were to meet all the conditions of the United Nations, the conditions that I have described very clearly in terms that everybody can understand, that in itself will signal the regime has changed." Citing reports from certain intelligence sources, Bush stated on 6 March 2003 that he believed that Saddam

1602-749: Is an American adviser to the stock exchange. Before the 2003 invasion of Iraq , the country's stock exchange was called the Baghdad Stock Exchange and was operated by the Iraqi Ministry of Finance. Now it is a self-regulated organization similar to the New York Stock Exchange , owned by the 50 or so member brokerages . As of 2005, the ISX was Iraq's only stock exchange. It opened in 2004 with 15 companies, and now lists more than 100 companies. Turnover of shares in 2005

1691-410: Is not endless. We do not know the day of final victory, but we have seen the turning of the tide." The speech and the "Mission Accomplished" banner were swiftly criticized by people who pointed out that the war was hardly over. Media questions about the banner appeared to surprise U.S. government officials, who initially offered different accounts of its origin and its meaning. Navy Cmdr. Conrad Chun,

1780-530: Is not on display. American deaths in the Iraq War totaled 104 when President Bush gave his Mission Accomplished speech. A further 3,424 Americans were killed in the war through February 2011, when American combat operations there halted. Iraq War opponents have used the phrase "mission accomplished" in an ironic sense, while others have non-politically cited it as an example of a general public relations failure. In addition, some mainstream outlets questioned

1869-593: The 173rd Airborne Brigade was airdropped near the northern city of Kirkuk , where they joined forces with Kurdish rebels and fought several actions against the Iraqi Army , to secure the northern part of the country. The main body of coalition forces continued their drive into the heart of Iraq and were met with little resistance. Most of the Iraqi military was quickly defeated and the coalition occupied Baghdad on 9 April. Other operations occurred against pockets of

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1958-545: The 32nd Parallel (extended to the 33rd Parallel in 1996) as well as using economic sanctions. It was revealed that a biological weapons (BW) program in Iraq had begun in the early 1980s with help from the U.S. and Europe who were unaware of Iraq's intentions, in violation of the Biological Weapons Convention (BWC) of 1972. Details of the BW program—along with a chemical weapons program—surfaced after

2047-690: The International Atomic Energy Agency (IAEA). Saddam accepted the resolution on 13 November and inspectors returned to Iraq under the direction of UNMOVIC chairman Hans Blix and IAEA Director-General Mohamed ElBaradei . As of February 2003, the IAEA "found no evidence or plausible indication of the revival of a nuclear weapons program in Iraq"; the IAEA concluded that certain items which could have been used in nuclear enrichment centrifuges, such as aluminum tubes, were in fact intended for other uses. UNMOVIC "did not find evidence of

2136-454: The International Atomic Energy Agency . These documents were dismissed by the IAEA as forgeries, with the concurrence in that judgment of outside experts. At the time, a US official stated that the evidence was submitted to the IAEA without knowledge of its provenance and characterized any mistakes as "more likely due to incompetence not malice". Mission Accomplished speech On May 1, 2003, United States president George W. Bush gave

2225-631: The National Military Command Center on that day, Rumsfeld asked for: "best info fast. Judge whether good enough hit Saddam Hussein at same time. Not only Osama bin Laden ." A memo written by Rumsfeld in November 2001 considers an Iraq war. The rationale for invading Iraq as a response to 9/11 has been widely questioned, as there was no cooperation between Saddam Hussein and al-Qaeda . On 20 September 2001, Bush addressed

2314-572: The Peshmerga in Iraqi Kurdistan . According to U.S. President George W. Bush and UK Prime Minister Tony Blair , the coalition aimed "to disarm Iraq of weapons of mass destruction [WMDs], to end Saddam Hussein's support for terrorism , and to free the Iraqi people", even though the UN inspection team led by Hans Blix had declared it had found no evidence of the existence of WMDs just before

2403-602: The USS Abraham Lincoln in a Lockheed S-3 Viking , dubbed Navy One , as the carrier lay just off the San Diego coast, having returned from combat operations in the Persian Gulf . He posed for photographs with pilots and members of the ship's crew while wearing a flight suit . A few hours later, he gave a speech announcing the end of major combat operations in the Iraq War . Behind and above him hung

2492-462: The price of oil , among other economic grievances. The Iraq stock Exchange is a member of the Federation of Euro-Asian Stock Exchanges . 2003 invasion of Iraq [REDACTED] Republic of Iraq Invasion (2003) Post-invasion insurgency (2003–2006) Civil war (2006–2008) Insurgency (2008–2011) Main phase Later phase The 2003 invasion of Iraq

2581-493: The 101st Airborne Division, started with a seminar on military operations in urban terrain, because that was viewed as the decisive event in the takedown of the regime in Iraq — that and finding and destroying the weapons of mass destruction." While there had been some earlier talk of action against Iraq, the Bush administration waited until September 2002 to call for action, with White House Chief of Staff Andrew Card saying, "From

2670-676: The Azores to discuss the invasion of Iraq and Spain's potential involvement in the war, as well as the beginning of the invasion. This encounter was extremely controversial in Spain, even now remaining a very sensitive point for the Aznar government. Almost a year later, Madrid suffered the worst terrorist attack in Europe since the Lockerbie bombing , motivated by Spain's decision to participate in

2759-545: The Bush administration said attempts by Iraq to acquire thousands of high-strength aluminum tubes pointed to a clandestine program to make enriched uranium for nuclear bombs. Powell, in his address to the UN Security Council just before the war, referred to the aluminum tubes. A report released by the Institute for Science and International Security in 2002, however, reported that it was highly unlikely that

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2848-635: The Gulf War (1990–91) following investigations conducted by the United Nations Special Commission (UNSCOM) which had been charged with the post-war disarmament of Saddam's Iraq. The investigation concluded that the program had not continued after the war. The U.S. and its allies then maintained a policy of " containment " towards Iraq. This policy involved numerous economic sanctions by the UN Security Council ;

2937-495: The Iraq war, prompting some Spaniards to accuse the Prime Minister of being responsible. In March 2003, the United States, United Kingdom, Poland, Australia, Spain, Denmark, and Italy began preparing for the invasion of Iraq , with a host of public relations and military moves. In his 17 March 2003 address to the nation, Bush demanded that Saddam and his two sons, Uday and Qusay , surrender and leave Iraq, giving them

3026-503: The Iraqi Army, including the capture and occupation of Kirkuk on 10 April, and the attack on and capture of Tikrit on 15 April. Iraqi president Saddam Hussein and the central leadership went into hiding as the coalition forces completed the occupation of the country. On 1 May, President George W. Bush declared an end to major combat operations: this ended the invasion period and began the period of military occupation . Saddam Hussein

3115-463: The Iraqi people ... so I have got no doubt Saddam is very bad for Iraq, but on the other hand I have got no doubt either that the purpose of our challenge from the United Nations is the disarmament of weapons of mass destruction, it is not regime change." At a press conference on 31 January 2003, Bush again reiterated that the single trigger for the invasion would be Iraq's failure to disarm, "Saddam Hussein must understand that if he does not disarm, for

3204-566: The Iraqi-Kuwaiti border. While special forces launched an amphibious assault from the Persian Gulf to secure Basra and the surrounding petroleum fields, the main invasion army moved into southern Iraq, occupying the region and engaging in the Battle of Nasiriyah on 23 March. Massive air strikes across the country and against Iraqi command and control threw the defending army into chaos and prevented an effective resistance. On 26 March,

3293-525: The U.S. moved towards a more aggressive policy toward Iraq. The Republican Party's campaign platform in the 2000 election called for "full implementation" of the Iraq Liberation Act as "a starting point" in a plan to "remove" Saddam. After leaving the George W. Bush administration , Treasury Secretary Paul O'Neill said that an attack on Iraq had been planned since Bush's inauguration and that

3382-637: The UK ambassador, Jeremy Greenstock , publicly confirmed this reading of the resolution, assuring that Resolution 1441 provided no "automaticity" or "hidden triggers" for an invasion without further consultation of the Security Council. Resolution 1441 gave Iraq "a final opportunity to comply with its disarmament obligations" and set up inspections by the United Nations Monitoring, Verification and Inspection Commission (UNMOVIC) and

3471-471: The UN Security Council contained a computer-generated image of a "mobile biological weapons laboratory". However, this information was based on claims of Rafid Ahmed Alwan al-Janabi, codenamed "Curveball" , an Iraqi emigrant living in Germany who later admitted that his claims had been false. Powell also presented false assertions alleging Iraq had ties to al-Qaeda . As a follow-up to Powell's presentation,

3560-429: The UN Security Council adopted a compromise resolution, UN Security Council Resolution 1441 , which authorized the resumption of weapons inspections and promised "serious consequences" for non-compliance. Security Council members France and Russia made clear that they did not consider these consequences to include the use of force to overthrow the Iraqi government. Both the U.S. ambassador to the UN, John Negroponte , and

3649-475: The United States, United Kingdom, Poland, Italy, Australia, Denmark, Japan, and Spain proposed a resolution authorizing the use of force in Iraq, but Canada, France, and Germany, together with Russia, strongly urged continued diplomacy. Facing a losing vote as well as a likely veto from France and Russia, the US, UK, Poland, Spain, Denmark, Italy, Japan, and Australia eventually withdrew their resolution. Opposition to

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3738-524: The administration and naval sources said that the banner was the Navy's idea, White House staff members made the banner, and it was hung by Navy sailors. White House spokesman Scott McClellan told CNN , "We took care of the production of it. We have people to do those things. But the Navy actually put it up." According to John Dickerson of Time magazine , the White House later conceded that they hung

3827-512: The administration prepared Operation Desert Badger to respond aggressively if any Air Force pilot was shot down while flying over Iraq, but this did not happen. Secretary of Defense Donald Rumsfeld dismissed National Security Agency (NSA) intercept data available by midday of the 11th that pointed to al-Qaeda 's culpability, and by mid-afternoon ordered the Pentagon to prepare plans for attacking Iraq. According to aides who were with him in

3916-462: The banner but still insisted it had been done at the request of the crew members. Subsequently, the White House released a statement saying that the sign and Bush's visit referred to the initial invasion of Iraq. When he received an advance copy of the speech, U.S. Defense Secretary Donald Rumsfeld took care to remove any use of the phrase "Mission Accomplished" in the speech itself. Later, when journalist Bob Woodward asked him about his changes to

4005-489: The banner, telling CNN, "To some, it said, well, 'Bush thinks the war in Iraq is over,' when I didn't think that. It conveyed the wrong message." In January 2009, Bush said, "Clearly, putting 'Mission Accomplished' on an aircraft carrier was a mistake." In 2010, the "Mission Accomplished" banner was transferred from the National Archives to the collection of the George W. Bush Presidential Center . The banner

4094-586: The chief of Iraqi intelligence's foreign operations, Hassan al-Obeidi. Obeidi told Hage that Baghdad did not understand why they were targeted and that they had no WMDs. He then made the offer for Washington to send in 2000 FBI agents to confirm this. He additionally offered petroleum concessions but stopped short of having Saddam give up power, instead suggesting that elections could be held in two years. Later, Obeidi suggested that Hage travel to Baghdad for talks; he accepted. Later that month, Hage met with General Habbush and Iraqi Deputy Prime Minister Tariq Aziz . He

4183-399: The continuation or resumption of programs of weapons of mass destruction" or significant quantities of proscribed items. UNMOVIC did supervise the destruction of a small number of empty chemical rocket warheads, 50 liters of mustard gas that had been declared by Iraq and sealed by UNSCOM in 1998, and laboratory quantities of a mustard gas precursor, along with about 50 Al-Samoud missiles of

4272-543: The conversation to senior levels of the state department and I was told to stand aside and they would handle it." Cannistraro stated that the offers made were all "killed" by the George W. Bush administration because they allowed Saddam to remain in power, an outcome viewed as unacceptable. It has been suggested that Saddam Hussein was prepared to go into exile if allowed to keep US$ 1 billion. Egyptian president Hosni Mubarak 's national security advisor, Osama El-Baz , sent

4361-663: The displaced and to many needy Iraqi citizens. Seventh, to secure Iraq's oil fields and resources, which belong to the Iraqi people. And last, to help the Iraqi people create conditions for a transition to a representative self-government." Throughout 2002, the Bush administration insisted that removing Saddam from power to restore international peace and security was a major goal. The principal stated justifications for this policy of "regime change" were that Iraq's continuing production of weapons of mass destruction and known ties to terrorist organizations , as well as Iraq's continued violations of UN Security Council resolutions, amounted to

4450-622: The enforcement of Iraqi no-fly zones declared by the U.S. and the UK to protect the Kurds in Iraqi Kurdistan and Shias in the south from aerial attacks by the Iraqi government; and ongoing inspections. Iraqi military helicopters and planes regularly contested the no-fly zones. In October 1998, removing the Iraqi government became official U.S. foreign policy with enactment of the Iraq Liberation Act . Enacted following

4539-574: The expulsion of UN weapons inspectors the preceding August (after some had been accused of spying for the U.S.), the act provided $ 97 million for Iraqi "democratic opposition organizations" to "establish a program to support a transition to democracy in Iraq." This legislation contrasted with the terms set out in United Nations Security Council Resolution 687 , which focused on weapons and weapons programs and made no mention of regime change. One month after

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4628-461: The fighting started. NATO member Turkey refused to allow the U.S. forces across its territory into northern Iraq . Therefore, joint SAD and Army Special forces teams and the Peshmerga constituted the entire Northern force against the Iraqi army. They managed to keep the northern divisions in place rather than allowing them to aid their colleagues against the U.S.-led coalition force coming from

4717-476: The first United States National Security Council meeting involved discussion of an invasion. O'Neill later backtracked, saying that these discussions were part of a continuation of foreign policy first put into place by the Clinton administration . Despite the Bush administration's stated interest in invading Iraq, little formal movement towards an invasion occurred until the 11 September attacks . For example,

4806-659: The government's invasion rationale. In September 2004, Kofi Annan , United Nations Secretary-General at the time, called the invasion illegal under international law and said it was a breach of the UN Charter . On 15 February 2003, a month before the invasion, there were worldwide protests against the Iraq War , including a rally of three million people in Rome, which the Guinness World Records listed as

4895-471: The initial air strikes against Saddam and his generals. Although the strike against Saddam was unsuccessful in killing him, it effectively ended his ability to command and control his forces. Strikes against Iraq's generals were more successful and significantly degraded the Iraqi command's ability to react to, and maneuver against, the U.S.-led invasion force. SAD operations officers successfully convinced key Iraqi Army officers to surrender their units once

4984-597: The invasion coalesced in the worldwide 15 February 2003 anti-war protest that attracted between six and ten million people in more than 800 cities, the largest such protest in human history according to the Guinness Book of World Records . On 16 March 2003, Spanish Prime Minister José María Aznar , UK Prime Minister Tony Blair , President of the United States George W. Bush , and Prime Minister of Portugal José Manuel Durão Barroso as host met in

5073-605: The invasion of Iraq was presented in detail by U.S. Secretary of State Colin Powell to the United Nations Security Council on 5 February 2003. In summary, he stated, We know that Saddam Hussein is determined to keep his weapons of mass destruction; he's determined to make more. Given Saddam Hussein's history of aggression ... given what we know of his terrorist associations and given his determination to exact revenge on those who oppose him, should we take

5162-616: The largest-ever anti-war rally. According to the French academic Dominique Reynié , between 3 January and 12 April 2003, 36 million people across the globe took part in almost 3,000 protests against the Iraq war. The invasion was preceded by an airstrike on the Presidential Palace in Baghdad on 20 March 2003. The following day, coalition forces launched an incursion into Basra Governorate from their massing point close to

5251-456: The market increased by 10 percent, anticipating economic recovery due to recent developments. This is particularly notable since the performance defied the violent swings experienced by global markets in the same period. The ISX, however, still faces a number of challenges, which include political instability as demonstrated by the 7 percent loss in value during the May election, sporadic conflicts, and

5340-475: The matter further with people in Washington (both have acknowledged the meeting). A few days later, he informed Hage that Washington refused to let him meet with Habbush to discuss the offer (Hage stated that Perle's response was "that the consensus in Washington was it was a no-go"). Perle told The Times , "The message was 'Tell them that we will see them in Baghdad.′" According to General Tommy Franks ,

5429-507: The objectives of the invasion were, "First, end the regime of Saddam Hussein. Second, to identify, isolate and eliminate Iraq's weapons of mass destruction. Third, to search for, to capture, and to drive out terrorists from that country. Fourth, to collect such intelligence as we can related to terrorist networks. Fifth, to collect such intelligence as we can related to the global network of illicit weapons of mass destruction. Sixth, to end sanctions and to immediately deliver humanitarian support to

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5518-415: The option of invading without it. General David Petraeus recalled in an interview his experience during the time before the invasion, stating that "When we were getting ready for what became the invasion of Iraq, the prevailing wisdom was that we were going to have a long, hard fight to Baghdad, and it was really going to be hard to take Baghdad. The road to deployment, which was a very compressed road for

5607-659: The paramilitary operations officers and 10th Special Forces Group soldiers, were the first U.S. forces to enter Iraq, in July 2002, before the main invasion. Once on the ground, they prepared for the subsequent arrival of U.S. Army Special Forces to organize the Kurdish Peshmerga . This joint team (called the Northern Iraq Liaison Element (NILE)) combined to defeat Ansar al-Islam , a group with ties to al-Qaeda, in Iraqi Kurdistan. This battle

5696-416: The passage of the Iraq Liberation Act, the U.S. and UK launched a bombardment campaign of Iraq called Operation Desert Fox . The campaign's express rationale was to hamper Saddam Hussein's government's ability to produce chemical, biological, and nuclear weapons, but U.S. intelligence personnel also hoped it would help weaken Saddam's grip on power. With the election of George W. Bush as president in 2000 ,

5785-490: The radical Islamist militant organization al-Qaeda from 1992 to 2003, specifically through a series of meetings reportedly involving the Iraqi Intelligence Service (IIS). Some Bush advisers favored an immediate invasion of Iraq, while others advocated building an international coalition and obtaining United Nations authorization. Bush eventually decided to seek UN authorization, while still reserving

5874-524: The regime [the Iraqi dictatorship of Saddam Hussein ] is no more." Although Bush went on to say that "Our mission continues" and "We have difficult work to do in Iraq", his words implied that the Iraq War was over and America had won. Bush's assertions—and the sign itself—became controversial as the Iraqi insurgency gained pace and developed into a full-on sectarian war . The vast majority of casualties, U.S. and Iraqi, military and civilian, occurred after

5963-461: The risk that he will not some day use these weapons at a time and the place and in the manner of his choosing at a time when the world is in a much weaker position to respond? The United States will not and cannot run that risk to the American people. Leaving Saddam Hussein in possession of weapons of mass destruction for a few more months or years is not an option, not in a post–September 11 world. In September 2002, Tony Blair stated, in an answer to

6052-498: The sake of peace, we, along with others, will go disarm Saddam Hussein." As late as 25 February 2003, it was still the official line that the only cause of invasion would be a failure to disarm. As Blair made clear in a statement to the House of Commons, "I detest his regime. But even now he can save it by complying with the UN's demand. Even now, we are prepared to go the extra step to achieve disarmament peacefully." In September 2002,

6141-551: The six-day-long Battle of Baghdad . This early stage of the war formally ended on 1 May when U.S. President George W. Bush declared the "end of major combat operations" in his Mission Accomplished speech , after which the Coalition Provisional Authority (CPA) was established as the first of several successive transitional governments leading up to the first Iraqi parliamentary election in January 2005. U.S. military forces later remained in Iraq until

6230-559: The south. Four of these CIA officers were awarded the Intelligence Star for their actions. In the 2003 State of the Union address , President Bush said "we know that Iraq, in the late 1990s, had several mobile biological weapons labs". On 5 February 2003, U.S. Secretary of State Colin Powell addressed the United Nations General Assembly , continuing U.S. efforts to gain UN authorization for an invasion. His presentation to

6319-424: The speech, Rumsfeld responded: "I was in Baghdad , and I was given a draft of that thing to look at. And I just died, and I said my God, it's too conclusive. And I fixed it and sent it back... they fixed the speech, but not the sign." Bush did offer a "Mission Accomplished" message to the troops in Afghanistan at Camp As Sayliyah on June 5, 2003 – about a month after the aircraft carrier speech: "America sent you on

6408-581: The speech, docked in San Diego after the speech, and returned to her home port in Everett, Washington , on May 6, 2003. The S-3 that served as "Navy One" was retired from service and placed on display at the National Museum of Naval Aviation in Pensacola, Florida , on July 17, 2003. The museum makes it clear that Bush was a passenger – not the pilot – of the plane. While Bush trained and served as

6497-410: The speech. U.S. troops fought in Iraq for eight more years before eventually withdrawing in 2011. In modern cultural relevance, the phrase "Mission Accomplished" is frequently used to refer to the perils of declaring victory too early in crises. On May 1, 2003, Bush became the first sitting president to arrive in an arrested landing in a fixed-wing aircraft on an aircraft carrier when he arrived at

6586-517: The start of the invasion. Others place a much greater emphasis on the impact of the September 11 attacks , on the role this played in changing U.S. strategic calculations, and the rise of the freedom agenda. According to Blair, the trigger was Iraq's failure to take a "final opportunity" to disarm itself of alleged nuclear, chemical, and biological weapons that U.S. and British officials called an immediate and intolerable threat to world peace. In

6675-536: The then Leader of the House of Commons Robin Cook . In a passionate speech to the House of Commons after his resignation, he said, "What has come to trouble me is the suspicion that if the 'hanging chads' of Florida had gone the other way and Al Gore had been elected, we would not now be about to commit British troops to action in Iraq." During the debate, it was stated that the Attorney General had advised that

6764-521: The trip. Maloof reports having brought the proposal to Jaymie Duran. The Pentagon denies that either Wolfowitz or Rumsfeld, Duran's bosses, were aware of the plan. On 21 February, Maloof informed Duran in an email that Richard Perle wished to meet with Hage and the Iraqis if the Pentagon would clear it. Duran responded "Mike, working this. Keep this close hold." On 7 March, Perle met with Hage in Knightsbridge, and stated that he wanted to pursue

6853-467: The tubes could be used to enrich uranium. Powell later admitted he had presented an inaccurate case to the United Nations on Iraqi weapons, based on sourcing that was wrong and in some cases "deliberately misleading." The Bush administration asserted that the Saddam government had sought to purchase yellowcake uranium from Niger . On 7 March 2003, the U.S. submitted intelligence documents as evidence to

6942-499: The war to its citizens. Americans overwhelmingly believed Saddam did have weapons of mass destruction: 85% said so, even though the inspectors had not uncovered those weapons. Of those who thought Iraq had weapons sequestered somewhere, about half responded that said weapons would not be found in combat. By February 2003, 64% of Americans supported taking military action to remove Saddam from power. The Central Intelligence Agency 's Special Activities Division (SAD) teams, consisting of

7031-573: The war was legal under previous UN Resolutions. In December 2002, a representative of the head of Iraqi Intelligence, the General Tahir Jalil Habbush al-Tikriti , contacted former Central Intelligence Agency Counterterrorism Department head Vincent Cannistraro stating that Saddam "knew there was a campaign to link him to 11 September and prove he had weapons of mass destruction (WMDs)." Cannistraro further added that "the Iraqis were prepared to satisfy these concerns. I reported

7120-560: The withdrawal in 2011. The coalition sent 160,000 troops into Iraq during the initial invasion phase, which lasted from 19 March to 1 May. About 73% or 130,000 soldiers were American, with about 45,000 British soldiers (25%), 2,000 Australian soldiers (1%), and ~200 Polish JW GROM commandos (0.1%). Thirty-six other countries were involved in its aftermath. In preparation for the invasion, 100,000 U.S. troops assembled in Kuwait by 18 February. The coalition forces also received support from

7209-475: Was captured by U.S. forces on 13 December. Hostilities of the Gulf War were suspended on 28 February 1991, with a cease-fire negotiated between the UN coalition and Iraq. The U.S. and its allies tried to keep Saddam in check with military actions such as Operation Southern Watch , which was conducted by Joint Task Force Southwest Asia (JTF-SWA) with the mission of monitoring and controlling airspace south of

7298-550: Was approximately $ 5 million USD per trading session. Major stocks included Bank of Baghdad , Baghdad Soft Drinks Co , Iraqi Tufted Carpets Co, Hader Marble, and Altherar Agriculture. Aswat al-Iraq news agency covers every trading session with reports published on the web in English and Arabic. Originally, trading was with pen and paper. Buyers shouted at or called into their brokers, who stood near their whiteboards that listed each company's share buy and sell price. Trading

7387-511: Was for control of the territory that was occupied by Ansar al-Islam. It was carried out by Paramilitary Operations Officers from SAD and the Army's 10th Special Forces Group. This battle resulted in the defeat of Ansar and the capture of a chemical weapons facility at Sargat. Sargat was the only facility of its type discovered in the Iraq war. SAD teams also conducted missions behind enemy lines to identify leadership targets. These missions led to

7476-493: Was no evidence of weapons of mass destruction in Iraq and that invading that country was not justified in the context of UNMOVIC 's 12 February 2003 report. About 5,000 largely unusable chemical warheads , shells or aviation bombs were discovered during the Iraq War, but these had been built and abandoned earlier in Saddam Hussein 's rule before the 1991 Gulf War . The discoveries of these chemical weapons did not support

7565-562: Was not complying with UN Resolution 1441 . The main allegations were: that Saddam possessed or was attempting to produce weapons of mass destruction , which Saddam Hussein had used in places such as Halabja , possessed, and made efforts to acquire, particularly considering two previous attacks on Baghdad nuclear weapons production facilities by both Iran and Israel which were alleged to have postponed weapons development progress; and, further, that he had ties to terrorists, specifically al-Qaeda. The Bush administration's overall rationale for

7654-505: Was offered top priority to U.S. firms in oil and mining rights, UN-supervised elections, U.S. inspections (with up to 5,000 inspectors), to have al-Qaeda agent Abdul Rahman Yasin (in Iraqi custody since 1994) handed over as a sign of good faith, and to give "full support for any U.S. plan" in the Israeli–Palestinian peace process . They also wished to meet with high-ranking U.S. officials. On 19 February, Hage faxed Maloof his report of

7743-445: Was suspended for several months in 2006 due to violence, and is subject to power outages . In 2006, 92 trading sessions were held (an average of 2 per week), 57 billion shares were traded (at a value of 146 billion dinars ), and 38,000 trades were consummated. The trading floor is currently open six hours a week: Sunday, Tuesday, and Thursday from 10:00 a.m. to 12:00 noon. The ISX opened to foreign investors on August 2, 2007. It

7832-558: Was the first stage of the Iraq War . The invasion began on 20 March 2003 and lasted just over one month, including 26 days of major combat operations, in which a United States-led combined force of troops from the United States, the United Kingdom, Australia and Poland invaded the Republic of Iraq . Twenty-two days after the first day of the invasion, the capital city of Baghdad was captured by coalition forces on 9 April after

7921-516: Was unaffected by the Economic crisis of 2008 . On April 19, 2009, the ISX switched to electronic trading. Currently, only five companies are available for electronic trading, but more will be added over the next few months. In the first quarter of 2018, the ISX became one of the world's top performers due to the influx of investors encouraged by the defeat of the Islamic state. Companies listed on

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