By John Lee.

The Trade Bank of Iraq (TBI) has announced that Salem Chalabi [Salem Jawad Abdul Hadi Al-Jalabi] has taken over as the company’s Chairman and President with immediate effect.

Prime Minister Mustafa Al-Kadhimi appointed the Yale graduate to succeed Faisal Al Haimus, who has been named as head of the Iraq Securities Commission (ISC).

Mr Chalabi has most recently served as an adviser to the Prime Minister on international legal and financial affairs. He is a partner at the international law firm Stephenson Harwood, and has previously worked for DLA Piper, Clifford Chance, and Morgan Lewis.

(Sources: TBI, Zawya)

The post Trade Bank of Iraq names New Chairman first appeared on Iraq Business News.

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

Iraqi Government steps up Fight Against Corruption

The arrest of six senior officials on corruption charges shows that serious steps are taken in the fight against corruption, amid calls that the government speeds up its reform program.

Click here to read the full story.

The post Iraqi Govt steps up Fight Against Corruption first appeared on Iraq Business News.

By John Lee.

The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi, at which it discussed how to improve the organisation of the public sector.

The Prime Minister asked the Minister of Planning to form and lead a working group responsible for collecting data that will count the number of active state employees.

The working group, chaired by the Minister of Planning, Khaled Battal Al-Najm, will include the following members:

  • The Prime Minister’s Advisor
  • A representative of the Financial Supervision Bureau
  • Director General of the Central Bureau of Statistics
  • A representative of the Ministry of Trade
  • A representative of the Ministry of Labour and Social Affairs
  • A representative from the Ministry of Interior
  • A representative from the Ministry of Defense.

(Source: Govt of Iraq)

The post Iraqi Govt to Collect Data on “Ghost Workers” first appeared on Iraq Business News.

Iraq Forms Delegation to Negotiate Water Share with Iran, Turkey

The Iraqi Foreign Relations Committee in Parliament formed a special delegation headed by the Minister of Water Resources, Mahdi Rashid Al-Hamdani, to resolve the water file with Iran and Turkey.

The committee’s rapporteur, MP Iqbal Abdul Hussein, said the Ministry of Foreign Affairs had been informed of the formation of the delegation under the direction of Prime Minister Mustafa Al-Kadhimi, the Iraqi News Agency (INA) reported.

The negotiations delegation will seek to have serious solutions to releasing the shared water, and not establishing more dams, which have turned a number of regions in Iraq into deserts, as well as cut off a lot of water from agricultural areas,” she added.

The committee stressed on the importance that the negotiating team succeeds in resolving the water crisis and using economic relations “as a means to pressure Iran and Turkey” to resolve the water file.

(Source: Tasnim, under Creative Commons licence)

The post Iraq to Negotiate Water Share with Iran, Turkey first appeared on Iraq Business News.

By John Lee.

Iraq’s Commission on Integrity has issued a warrants for the arrest of the governor of Kirkuk, the director of school buildings in the governorate, along with 23 employees.

The are accused of misappropriating nearly 58 billion Iraqi dinars ($49 million) in relation to a school-building programme.

The project was assigned to a foreign-based company, which is alleged to have altered the designs of the schools, which were then built using a cheaper, pre-fabricated method of construction.

Kurdistan24 names the governor as Rakan al-Jabouri.

More here and here.

(Source: Commission on Integrity, Kurdistan24)

The post m Corruption Allegation in Kirkuk first appeared on Iraq Business News.

By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Kadhimi’s Rolling Reshuffle (Part 2): Protecting Iraq’s Economic Institutions and Borders

On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked with overseeing Iraq’s economy, borders, and anti-corruption efforts-a list that includes banks, customs authorities, airports, seaports, land crossings, municipal bodies, investigative committees, and more.

The ambitious scope of the appointments and the centralized manner in which they were made says a great deal about Prime Minister Mustafa al-Kadhimi’s commitment to changing the corrosive status quo in Baghdad.

The question now is whether his government can withstand the coming pushback from militia and political elements who benefit from that status quo. The following is a digest of the new technocratic appointments and their implications; see Part 1 of this PolicyWatch for a discussion of Kadhimi’s recent military reshuffling.

Click here to read the full article, which includes details of the new appointments.

The post Details of PM’s New Appointments to Key Institutions first appeared on Iraq Business News.

By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Kadhimi’s Rolling Reshuffle (Part 2): Protecting Iraq’s Economic Institutions and Borders

On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked with overseeing Iraq’s economy, borders, and anti-corruption efforts-a list that includes banks, customs authorities, airports, seaports, land crossings, municipal bodies, investigative committees, and more.

The ambitious scope of the appointments and the centralized manner in which they were made says a great deal about Prime Minister Mustafa al-Kadhimi’s commitment to changing the corrosive status quo in Baghdad.

The question now is whether his government can withstand the coming pushback from militia and political elements who benefit from that status quo. The following is a digest of the new technocratic appointments and their implications; see Part 1 of this PolicyWatch for a discussion of Kadhimi’s recent military reshuffling.

Click here to read the full article, which includes details of the new appointments.

The post Details of PM’s New Appointments to Key Institutions first appeared on Iraq Business News.

By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

Denmark will open embassy to Iraq in Baghdad this year

Denmark will open an embassy in Baghdad this fall. The move comes as the NATO member prepares to assume command of the military alliance’s training mission in Iraq later this year.

The Danish Ministry of Foreign Affairs made the announcement on Thursday. The opening of the embassy shows Denmark’s commitment to a lasting defeat of the Islamic State (IS) so that the group does not threaten Europe in the future, the ministry said.

Click here to read the full article.

The post Denmark will Open Embassy in Baghdad first appeared on Iraq Business News.

By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

Iraqi prime minister forbids state bodies from classifying Iraqis by sect

Iraqi Prime Minister Mustafa al-Kadhimi ordered state institutions to stop classifying Iraqis by religious sect following a social media outcry on Wednesday.

“The blood that was spilled for Iraqi soil was all the color of martyrdom and heroism,” said Kadhimi’s office in a tweet. “Their classification was not asked.”

Click here to read the full article.

The post PM forbids State Bodies from Classifying Iraqis by Sect first appeared on Iraq Business News.

By Hayder Al Shakeri, for the Italian Institute for International Political Studies (ISPI). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

The Al-Kadhimi Government and the Future of Iraq’s Protests

In October 2019, Iraqi youth took to the streets en masse to protest against government corruption and lack of essential services. The protests later developed to call for a total overhaul of the political system, including a new electoral law, early elections held under UN supervision and constitutional reform, among other issues.

The protest movement continues to persist, despite the use of indiscriminate and excessive force by the government and associated militias resulting in the killing of hundreds of protesters in addition to tens of thousands of injuries.

The demonstrations have shaken the political class, forcing changes in the political system, including the resignation of the former government, changes to the election law and the electoral process.

However, due to the limited political movements independent from the current political elite and the resistance of the current political class, it was impossible to form a short-term government that would satisfy both the protesters’ demands and the current political class.

Click here to read the full article.

The post The Al-Kadhimi Govt and the Future of Iraq’s Protests first appeared on Iraq Business News.