The Iraqi Stock Exchange, has identified on Wednesday, June 20, the first trading session after the holiday of Eid al-Fitr.
"There will be only a parliamentary vacuum, and this is completely different from the constitutional vacuum."
While the parliamentary law pointed out that the failure to start the process of counting and sorting the results of the election depends on the opinion of the Federal Court on appeals, On Thursday, a date to consider the appeal of President Fuad Masoum and the Council of Commissioners to amend the election law.
And in line with the relevant laws as well as the procedures established by the independent institutions in the country », noting that« the United Nations will continue to provide advice and assistance to Iraq, according to the previous authorization, I mean that you know that in every country where the elections, there is Yeh special appeal and re – counting and sorting, so as to ensure that the process goes under the Constitution
hailing the Iraqi judiciary distinguished that «be fair Especially those who fought and fought the despicable dictatorship in Iraq and founded the political process in it, and we call on everyone to commit to the interest of Iraq and its stability and unity and the safety of its people above all interests.http://www.alsabaah.iq/ArticleShow.aspx?ID=158791
That his coalition is working on the formation of a comprehensive alliance of Sunnis and Shiites and Kurds to form a majority government, denied the current wisdom of the national leadership, Ammar al-Hakim, the withdrawal of his current and turn it into an opposition front during the formation of the next government, while the leader of the alliance Saron, Raed Fahmi, Understanding with lists (wisdom and openness and The national) to form the largest bloc.
"All the political forces welcomed the invitation of the Prime Minister of the Nasser Alliance Haider al-Abadi to hold an expanded national meeting," said Hussein al-Adli, a spokesman for the Al-Nasr alliance. "It is hoped that this meeting will be held early next week and there are great preparations In this regard ».
"The aim of this meeting is to agree on the general features of the state administration and its institutions in the coming phase," he said.
"The meeting willinclude about ten lists that will win the elections and he will not address the issue of electoral appeals as a judicial issue.
" "The coalition of state law is working to form a comprehensive alliance of Shiites, Sunnis and Kurds to form a majority," Maliki said.
"Those who believe in the majority will be considered partners and those who do not believe in them can go to the opposition according to the mechanisms of democracy.
" Maliki said, "It is too early to talk about alliances unless the course of the electoral process is corrected and the final results of the election are confirmed," expressing "concern about entering Iraq in a constitutional vacuum after the 30 of June this is the date that ends the work
He added that "wisdom did not put a condition on all political blocs and looks to match the views in the alliances to form the next government," pointing out that «Surun and Fatah are closer to the wisdom of the alliance together and there is no option of withdrawal or opposition so far». In the same context, the leader of the alliance of Sason, Secretary of the Communist Party of Iraq, Raed Fahmi, that «all contacts made by the alliance with the rest of the blocks are preliminary understandings of the emergence of the largest bloc», noting that «we do not know why some feel them» .
And on the invitation of Prime Minister Haider Abadi political blocs to hold a meeting after the Eid al-Fitr, between Fahmi «We as a Communist Party have not yet received an official invitation by Abadi to attend the meeting, which we do not know also what it contains».
He also called on the Federal Court to «take a decision on appeals for elections, because it is currently disrupting the political scene and the formation of thenext government
"To put our hands in the hands of some to protect the homeland and the citizens and ensure the political process and gains Democracy and agreement on specific mechanisms to accelerate the formation of constitutional institutions as best as possible and relying on our national decision and the interests of our country and our people ».
"The parties rejecting the results of the elections do not participate in any alliance with the Kurdistan Democratic Party and the Patriotic Union of Kurdistan to participate in the next Iraqi government," adding that "all options open to them, including the formation of a unified list to participate in parliament and the Iraqi government.
Rapper promised that "the participation of parties that reject the results of the elections with the two parties and the PUK without changing the election results means recognition of the results achieved by the
This introduction was marketed after the emergence of a crisis of liquidity may be exposed to private banks felt by the Association of banks as a result of the inevitable and expected, because the dollar and the likelihood behind these fears.
and as one of the most important duties of the Central Bank of Iraq to hedge any potential crisis may urge banks, To hear the views and proposals of the Association on them and based in light of the conditions of banks and what passes by to be a solution at hand.
By John Lee.
Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $19.7 million ($15.5 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during March 2018.
Iraq’s favorite lake dries up in sign of worse to come
Karbala’s Lake Milh hasn’t seen a lot of visitors in the last few years. Once a popular picnic destination for Karbala residents, the lake’s water has dwindled, leaving most of it a desert with nothing but derelict fishing boats and dead animals.
The second-largest lake in Iraq, Lake Milh is also known as Lake Razzaza; it lies west of Karbala and southwest of Baghdad. It is fed by the Euphrates River as well as rainfall and groundwater sources. Over the last decade, however, it has been drying up.
Saeed Ali, a fish vendor who lives near the lake, told Al-Monitor, “The lake was an important source of fish in the ’80s and ’90s. But with time, it has become a mere pond that will one day dry out completely if the issue is not addressed.”
Furat al-Tamimi, head of the parliament’s Committee for Agriculture, Water and Marshlands, said the situation requires immediate attention. He told Al-Monitor, “The Ministry of Water Resources and the committee are informed of the situation at Lake Milh. We are tracking the declining water levels at the lake with great concern. This is also happening in many other lakes and rivers.”
Tamimi said the lake’s falling levels are related to the drought that has plagued Iraq since 2017; some estimate the drought will continue until 2026. But there are no plans to restore the lake, said Tamimi, a deputy from Ammar Hakim’s Hikmat movement. He said a number of civil society activists and specialists on natural resources in Karbala province have criticized the “government’s idleness over the water crisis in Lake Milh,” with some activists working together on a media campaign to draw the world’s attention to the lake.
Engineer Aoun Thyab, the most senior member of the advisory board of the Ministry of Water Resources, said the problem is much more complicated. “Addressing this problem is not so simple,” Thyab told Al-Monitor. “Protests and calls on environmental groups won’t solve it because the problem is related to internal and regional policies involving the water sector, as well as the rain and streams that flow from the desert.”
Thyab said the Ministry of Water Resources dropped Lake Milh entirely from its water supply calculations in a 2015 strategic study. “As such, Lake Milh is no longer seen as useful for irrigation, water storage or fish farming.”
He said Lake Milh’s levels decreased from 34 meters (112 feet) above sea level to 20 meters (66 feet) with the drought. “This was due to a number of overwhelming factors, especially the decrease in the Euphrates River, which is the lake’s inflow, because of the Turkish dams that reduced Iraq’s water share. Add to this the scarcer rainfall in recent years and the depletion of streams that flow from the desert around the lake.”
He said, “Lake Milh has also seen higher evaporation levels, which increased salinity, making it effectively impossible for fish to inhabit the lake.” Thyab said that in the 1990s the Iraqi Ministry of Agriculture experimented with a project to farm sea fish but that project proved to be a failure. “It is safe to say that the lake is dead.”
Thyab’s remarks indicate that it would be next to impossible to restore Lake Milh as a tourist attraction whose beautiful flora and fauna once brought foreign and Iraqi tourists from every province.
Karbala has also suffered greatly from the armed conflicts in the last decade, most recently when armed groups who fought against the Iraqi state used it as a base. The city of Karbala’s practice of draining polluted water into the lake has also contributed to the problem.
But there is hope for the lake yet. In January, the Iraqi National Investment Commission (NIC) unveiled a $25 million investment project to rehabilitate and develop both Lake Milh and al-Habbaniya, a lake linked to Milh by the narrow Sin-Al-Thibban Canal.
The project includes building a tourist attraction over approximately 4,000 acres and overhauling the existing hotels and 200 apartments to modern standards, as well as a full amusement park, a marina, world-class restaurants and a media center.
The locals worry that the efforts come too late to save the lake. Local engineer Fayez Eisa, who oversees the area’s anti-desertification project, told Al-Monitor, “Tired of dealing with the bureaucratic red tape on contracts and permits, the Karbala Holy Shrine administration has established a green belt around 2000 dunams (494 acres) of desert land, where they dug dozens of wells to provide water to the farming areas around Lake Milh.”
Lakes such as Milh represent essential natural reservoirs in efforts to fight the drought that haunts Iraq’s agriculture sector. Cooperation with neighboring countries to restore and protect them will be crucial to the region’s survival.
(Picture credit: عمر سيروان)
E-Dinar Coin (CURRENCY:EDR) traded 1.9% higher against the US dollar during the 1-day period ending at 20:00 PM Eastern on June 12th. During …
By Alexander Southworth, Iraq Britain Business Council (IBBC).
IBBC Long Read: The Station – Iraq’s the first combined workspace in Iraq, providing tech and artistic entrepreneurs with a communal space and resources to develop and expand business projects.
The Iraq Britain Business Council (IBBC) recently completed a mission to Baghdad, where Christophe Michels, Managing Director and Eng. Rasmi Al-Jabri Deputy Chairman, visited The Station, Iraq’s first combined workspace in Iraq, providing a hub for artistic & tech entrepreneurs to develop and expand business projects.
Located in Baghdad, The Station’s vision is to create a healthy work environment by providing entrepreneurs with experiences to develop and expand their projects. The institution aims to facilitate this entrepreneurial spirit by providing the space, support and resources to help build and develop ideas and implement them on the ground in a society which is heavily weighted towards public sector activity.
While Iraq is a middle-income country, it faces significant challenges more commonly found in low income nations. Such as a dependence on a primary commodity (crude oil), which generates 95 percent of its budget* while only employing 1 percent of the available labour force and a heavily weighted public sector, which accounts for around 60% of employment, with the government providing 40% of jobs.
This is why The Station is such an exciting initiative, it is a boost to a small but growing number of young Iraqis willing to engage and develop the private sector in Iraq. Iraq has one of the most youthful demographics in the world, with nearly half its population being less than 21 years of age.
Young Iraqis, faced either with closed avenues to public sector employment or who do not wish to conform to a status quo which does not reward entrepreneurial spirit, can find at The Station an environment which does just the opposite, facilitating a hub of ideas and resources beneficial to inspiring entrepreneurs.
Inspiration behind the Idea
The founders visited various innovative hubs/co-working spaces around the Middle East and were inspired by the activities and the economic/social impact they were having in those specific communities. They sought to replicate these spaces, but in a way that is relevant to Iraq. The co-founders are entrepreneurs themselves, and they understand the obstacles faced by entrepreneurs and small businesses. Therefore, they decided to create a space with all the facilities they believe are needed to help such an environment thrive. The idea of The Station was not merely to create a physical space but a cultural one.
Haider Hamzoz Media Director at the Station explained that: “Young people in Iraq as a whole aspire to work in the public sector upon graduation, because there have been no viable options other than that. It is not recommended to take huge risks such as investing in a business venture (unless it is a restaurant or barber shop) because there is no track record of such activities in Iraq – at least not in the last two decades. However, start-ups require risk-taking and we want to build a community of risk takers and innovators.”
Funding & Support
The Station was founded by Mujahed al-Waisi, Muhanned Munjed and Ali Tarik. The Station has received funds from The Al-Handhal International Group and is supported by the Iraqi Private Banks League, Earthlink and the Embassy of the Kingdom of the Netherlands in Baghdad.
The Station is working towards starting an incubator program, to empower the ecosystem in Iraq. It also aims to establish and/or partner with venture capitals to fund and invest in startups, businesses and entrepreneurs. The Station also wants to be a driving force in policy advocacy through international agencies and diplomatic entities to empower the Iraqi private sector, and the role of the youth within this sector.
The Station is currently establishing its own Research and Development Centre that will offer a myriad of services, such as mentorship and policy advocacy. Activities will revolve around engaging the youth in discussions and research, not only with the private sector but with the public sector itself, essentially bridging the gap between the government and its citizens, and this is a development that ought to be celebrated because it will empower not only the Iraqi economy but its democratic institution. The Station is seeking to expand to Mosul in the next two years and has plans to develop a Station in the South and on the other side (Al-Karkh) of Baghdad. This hugely positive development
Haider Hamzoz Media Director at the Station says: “With the erosion of ISIS, the youth are in need of a healthy environment more than ever to feed their self-development and we are building a foundation that will allow them to become world-thinkers, innovators and successful role-models for the new generation to come.”
By John Lee.
Fly Erbil, Iraq’s only Kurdish airline, successfully completed its first scheduled flight on Monday.
The plane set off from Erbil International Airport en route to Stockholm in Sweden.
The airline’s administrative director Ahmad Jamal told AFP that Fly Erbil currently has three planes and plans to increase to 10 in the future.
Other destination served include Gothenburg (Sweden), Amsterdam (Netherlands), Birmingham (UK), Kiev (Ukraine) and Nuremberg (Germany).
(Sources: AFP, Fly Erbil)