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Oct 25, 2024 • 3 min read

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U.S. CENTOM Activity:

On October 22, Iraqi forces, with support from U.S. CENTCOM and Coalition troops, carried out strikes and raids targeting ISIS in Central Iraq. The operation aimed to disrupt ISIS leadership and networks, resulting in the deaths of at least seven ISIS members, including senior leaders. Two U.S. soldiers assisting the mission were injured and are now in stable condition. Earlier, on October 14-15, Iraqi forces, supported by U.S. airstrikes, conducted similar operations in Northeastern Iraq, leading to the deaths of four ISIS members, including a senior leader.
These operations were coordinated under Combined Joint Task Force-Operation Inherent Resolve (CJTF-OIR), a coalition initiative focused on combating ISIS and promoting regional stability. CJTF-OIR works closely with Iraqi forces, providing support, coordination, and training to enhance their ability to carry out effective missions against extremist threats. This partnership aims to reduce the influence of terrorist networks and ensure long-term security in the area.
Additionally, over the past week, U.S. Central Command (CENTCOM) forces intercepted and destroyed 15 drones and missiles. These weapons, reportedly supplied by Iran, were launched by Houthis and other Iran-aligned groups, posing risks to U.S. forces, allies, and civilians in the region. The U.S. Air Force and Navy responded to neutralize these threats as part of CENTCOM’s ongoing effort to maintain stability across it’s area of responsibility.

Saudi Arabia Partners With BlackRock To Build MBS Market:

Saudi Arabia has partnered with BlackRock, the world’s largest asset management firm, to develop a market for mortgage-backed securities, aiming to make homeownership more affordable. This collaboration, formalized through an agreement with the Saudi Real Estate Refinance Company (SRC), seeks to diversify funding sources for the housing sector and attract local and international investors.
Established by the Public Investment Fund (PIF) in 2017, SRC functions similarly to Fannie Mae in the U.S., providing liquidity and stability to the housing finance sector. The initiative focuses on creating a secondary market for mortgages, where banks can package home loans into securities and sell them to investors. This process, known as securitization, will allow banks to raise additional capital, enabling them to offer loans at more competitive rates.
BlackRock’s CEO, Larry Fink, emphasized that this approach could lower borrowing costs, making it easier for Saudi citizens to afford homes, thus addressing a key barrier to affordable housing in the country. Aligned with Saudi Arabia’s Vision 2030 goals, this project aims to increase homeownership rates to 70% and diversify the economy beyond oil by strengthening sectors like real estate, finance, and technology.

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