Monday, February 5, 2024
After a decade, Iraqi provincial councils elect new leaders, 6 FEB
After a decade, Iraqi provincial councils elect new leaders
Shafaq News/ Iraq witnessed a series of elections in various provincial councils on Monday to appoint new leaders.
The results of the December 18, 2023, provincial elections, the first since 2013, were instrumental in determining the makeup of the councils.
Nineveh Province
The Nineveh Provincial Council unanimously elected Ahmed Al-Hasoud as the chairman of the Council and Muhammad Abdullah Al-Jubouri, also known as "Abu Fanar," as the deputy chairman.
Additionally, most of the Council voted to renew the term of Abdul Qadir al-Dakhil, who will serve as the governor of Nineveh for a second term.
Basra Province
The Basra provincial council, aligning with the "We Build" alliance led by Hadi al-Amiri, elected Khalaf al-Badran as chairman and Osama al-Saadi as deputy chairman. Additionally, the Council renewed the mandate of the current governor, Asaad al-Eidani.
Later, the Council also adjourned its session, awaiting an agreement on the positions of the two deputy governors.
Al-Anbar Province
In Al-Anbar province, the council selected Omar Mishaan Dabous al-Dulaimi as chairman, Akram Khamis al-Mahlawi as deputy chairman, and Mohammed Nouri al-Karbouli as governor.
Wasit Province
The provincial Council in Wasit elected Ali Hussein Soleimoun as chairman and Mohammed Jamil al-Miyali as governor.
Najaf Province
The Najaf provincial council unanimously elected Hussein al-Issawi of the State of Law Coalition as chairman and Ghaith Shabi of the "Al-Asas" alliance led by acting Speaker of Parliament Mohsen al-Mandalawi as deputy chairman. Youssef Knawi of the Hikma National Movement became the governor, with Ammar al-Jazairi of the Asaib Ahl al-Haq movement as deputy governor and Karrar Mahbouba of the "Absher Ya Iraq" alliance as the second deputy governor.
Maysan Province
The Maysan Provincial Council postponed its first session until the following Wednesday.
Muthanna Province
The Muthanna Council postponed its session until 10 p.m. due to a lack of agreement between the winning blocs.
Kirkuk Province
In Kirkuk, the Provincial Council faced difficulties convening its first session, leading to an indefinite postponement. Notably, the session reportedly was boycotted by Arabs and Turkmen.
Diyala Province
The Diyala Council opted to adjourn its session, citing a lack of quorum.
Notably, these elections signify a crucial aspect of Iraq's political landscape, with provincial councils playing a pivotal role in overseeing local government affairs and providing essential public services.
The results revealed the dominance of the pro-Iranian Coordination Framework alliance, comprised mainly of Iran-backed Shiite political parties, in securing the majority of seats across the councils. The elections witnessed a 41% voter turnout despite a boycott from the Sadrist movement.
https://shafaq.com/en/Iraq-News/After-a-decade-Iraqi-provincial-councils-elect-new-leaders
"RV UPDATE" BY SANDY INGRAM, 6 FEB
Sandy Ingram
These are some of the major factors holding up the Iraqi dinar revalue...There's a lot at stake...First...Iraq relies on its oil export for revenue...If oil prices were to decrease suddenly, it could cause a drain on Iraq's foreign exchange reserves as they try to stabilize their currency's value...Second...Iraq's political stability and security issues... Uncertainties make it challenging for investors to trust...making them hesitant to buy the dinar...
Thirdly...A sudden and significant increase in their currency's value could adversely affect their exports and trade balances. It could also lead to inflation... Balancing the exports and trade revenue is one of the key factors in deciding and implementing a currency revaluation.
Furthermore...Neighboring countries may retaliate by imposing tariffs or restrictions in response to Iraq's higher value in currency...A sudden revaluation potentially could destabilize other currencies...
Iraq could have a domino effect on the economies and currency values of countries like the U.S., China and Russia because these countries hold significant amounts of dinar in their reserves...The central bank of Iraq is under tremendous pressure to fit in when it comes to the revaluation of its currency.
Iraqi PM discuss the regional situation with Russia's ambassador, 6 FEB
Iraqi PM discuss the regional situation with Russia's ambassador
Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani and Russia's ambassador to Iraq, Elbrus Kutrashev, met in Baghdad on Monday to address current developments in the region.
According to Al-Sudani's media office, they discussed the recent regional development and its repercussions on the security and stability of Iraq and neighboring countries, as well as the economic challenges and energy supply.
The Prime Minister emphasized the significance of global endeavors, specifically from permanent members of the Security Council, such as Russia, in ending the Gaza conflict, which affected the security and stability of the region.
Ambassador Kutrashev reaffirmed Russia's backing for Iraq's stability and security and showed a "keen desire" to enhance economic collaboration between the two countries.
In addition, they delved into strategies for strengthening collaboration in the energy sector through OPEC+ and the major Russian companies' contribution to various projects across different sectors as part of Iraq's strategic development roadmap.
https://shafaq.com/en/Iraq-News/Iraqi-PM-discuss-the-regional-situation-with-Russia-s-ambassador
"RV UPDATE" BY PIMPY, 6 FEB
Pimpy
I'm sure by now you've heard already the United States is striking more targets...What we don't want to see is things escalating. There was an emergency meeting called to figure out what it is Iraq wants to do or needs to do. What we hope is their decision is not to enter into a conflict with the United States.
Where do you exchange your currency? It's going to be at your local [bank] branch. There are no redemption centers. Some places won't charge you fees depending on how much. Some of them have a flat rate.
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