Iraq lawmakers confirm new government, key posts left empty

The Washington Post   BAGHDAD— Iraq’s parliament voted to confirm Prime Minister Adel Abdul-Mahdi’s new government on Thursday while leaving key Cabinet posts unfilled.   The legislature voted in an unruly session to...

Iraq’s Post-Government Formation Economic Outlook

  Abstract: Iraq is at a historic crossroads after stop-start efforts to reform its economy. Rapidly recovering oil prices have seen the return of Iraq’s investment budget and are providing...

The Kurdish independence Referendum: Drivers & Implications

Q: What are the Main Drivers Behind the Kurdistan Regional Government’s Decision to Hold an Independence Referendum on September 25, 2017? A: Some foreign observers and the younger generation of the...

The possible devastating outcome of a Kurdish referendum

An attempt to establish a Kurdish state including Kirkuk is likely to result in a truncated and economically devastated mini-Kurdistan. The Kurdistan Regional Government (KRG) is planning for a referendum...

Saudi Arabia’s economic time bomb

Time is a luxury that Saudi Arabia can no longer take for granted. It faces an economic time bomb, which, if not defused, will have severe and possibly irreversible...

Iraq’s Economic Reform for 2016

In August 2015, Prime Minister Haider Al Abadi introduced reforms to shrink the size of the government and tackle corruption. Luay Al Khatteeb Founding Director of the Iraq Energy...

Gulf oil economies must wake up or face decades of decline

Low oil prices, widening fiscal deficits, rising populations, political turmoil, terrorism, religious intolerance and high youth unemployment conjure up a recipe for economic disaster for a region that once...

Turn a light on: Electricity sector reform in Iraq

In a new analysis paper, we write about how the government of PM Hayder al-Abadi in Iraq is not only facing a security threat posed by the Islamic State (ISIS), but...

Iraq lawmakers confirm new government, key posts left empty

The Washington Post   BAGHDAD— Iraq’s parliament voted to confirm Prime Minister Adel Abdul-Mahdi’s new government on Thursday while leaving key Cabinet posts unfilled.   The legislature voted in an unruly session to confirm 14 of Abdul-Mahdi’s 22 Cabinet nominees, enough to ratify a government.   But lawmakers failed to vote on key appointments, including ministers of defense, justice and interior, underscoring the discord plaguing Iraqi politics.   Lawmakers from the Islah bloc — the largest in...

Iraq’s Post-Government Formation Economic Outlook

  Abstract: Iraq is at a historic crossroads after stop-start efforts to reform its economy. Rapidly recovering oil prices have seen the return of Iraq’s investment budget and are providing a unique opportunity for the government to rebuild war torn cities and provide services for millions of citizens. The new government therefore faces the challenge of breaking with the past because even if high oil prices last, the economic inefficiency...

The Kurdish independence Referendum: Drivers & Implications

Q: What are the Main Drivers Behind the Kurdistan Regional Government’s Decision to Hold an Independence Referendum on September 25, 2017? A: Some foreign observers and the younger generation of the Kurdistan Region of Iraq (KRI) would like think it’s all about the “Kurdish dream” of enjoying an independent state, championed by local Kurdish parties. But reality suggests otherwise. The current Kurdistan Regional Government (KRG) is led by and dominated by...

The possible devastating outcome of a Kurdish referendum

An attempt to establish a Kurdish state including Kirkuk is likely to result in a truncated and economically devastated mini-Kurdistan. The Kurdistan Regional Government (KRG) is planning for a referendum to separate from Iraq later this year. This could easily lead to further ruin for ordinary people.   As both sides to the dispute push forward with increasing amounts of hubris, policy makers and observers should reflect on both the causes and...

Saudi Arabia’s economic time bomb

Time is a luxury that Saudi Arabia can no longer take for granted. It faces an economic time bomb, which, if not defused, will have severe and possibly irreversible effects both nationally and internationally. The 2014-2015 collapse in oil prices has slashed the Kingdom’s main source of revenue which makes 77 – to – 88 per cent of its total income. For the last two years, the Saudi government has declared a huge deficit in...

Iraq’s Economic Reform for 2016

In August 2015, Prime Minister Haider Al Abadi introduced reforms to shrink the size of the government and tackle corruption. Luay Al Khatteeb Founding Director of the Iraq Energy Institute and non-resident fellow at Brookings Doha Center talks to TOGY about why these measures will help the country survive. Iraq’s rentier economy is dominated by the country’s income from oil exports. Oil revenues constitute 43 percent of GDP, 99 percent...

Gulf oil economies must wake up or face decades of decline

Low oil prices, widening fiscal deficits, rising populations, political turmoil, terrorism, religious intolerance and high youth unemployment conjure up a recipe for economic disaster for a region that once controlled the world’s main energy supplies and appeared set fair for long-term economic success. Does the oil curse have the region staring into an economic abyss as fiscal deficits rise?   The current cycle of global oil prices and the consequential erosion...

Turn a light on: Electricity sector reform in Iraq

In a new analysis paper, we write about how the government of PM Hayder al-Abadi in Iraq is not only facing a security threat posed by the Islamic State (ISIS), but also economic challenges on the short- and long-term, due to policies inherited from the former government and previous administrations. Restoring basic services, like electricity, to Iraqis would play a key role in shoring up the legitimacy of the federal government...

Iraq lawmakers confirm new government, key posts left empty

The Washington Post   BAGHDAD— Iraq’s parliament voted to confirm Prime Minister Adel Abdul-Mahdi’s new government on Thursday while leaving key Cabinet posts unfilled.   The legislature voted in an unruly session to confirm 14 of Abdul-Mahdi’s 22 Cabinet nominees, enough to ratify a government.   But lawmakers failed to vote on key appointments, including ministers of defense, justice and interior, underscoring the discord plaguing Iraqi politics.   Lawmakers from the Islah bloc — the largest in...

Iraq’s Post-Government Formation Economic Outlook

  Abstract: Iraq is at a historic crossroads after stop-start efforts to reform its economy. Rapidly recovering oil prices have seen the return of Iraq’s investment budget and are providing a unique opportunity for the government to rebuild war torn cities and provide services for millions of citizens. The new government therefore faces the challenge of breaking with the past because even if high oil prices last, the economic inefficiency...

The Kurdish independence Referendum: Drivers & Implications

Q: What are the Main Drivers Behind the Kurdistan Regional Government’s Decision to Hold an Independence Referendum on September 25, 2017? A: Some foreign observers and the younger generation of the Kurdistan Region of Iraq (KRI) would like think it’s all about the “Kurdish dream” of enjoying an independent state, championed by local Kurdish parties. But reality suggests otherwise. The current Kurdistan Regional Government (KRG) is led by and dominated by...

The possible devastating outcome of a Kurdish referendum

An attempt to establish a Kurdish state including Kirkuk is likely to result in a truncated and economically devastated mini-Kurdistan. The Kurdistan Regional Government (KRG) is planning for a referendum to separate from Iraq later this year. This could easily lead to further ruin for ordinary people.   As both sides to the dispute push forward with increasing amounts of hubris, policy makers and observers should reflect on both the causes and...

Saudi Arabia’s economic time bomb

Time is a luxury that Saudi Arabia can no longer take for granted. It faces an economic time bomb, which, if not defused, will have severe and possibly irreversible effects both nationally and internationally. The 2014-2015 collapse in oil prices has slashed the Kingdom’s main source of revenue which makes 77 – to – 88 per cent of its total income. For the last two years, the Saudi government has declared a huge deficit in...

Iraq’s Economic Reform for 2016

In August 2015, Prime Minister Haider Al Abadi introduced reforms to shrink the size of the government and tackle corruption. Luay Al Khatteeb Founding Director of the Iraq Energy Institute and non-resident fellow at Brookings Doha Center talks to TOGY about why these measures will help the country survive. Iraq’s rentier economy is dominated by the country’s income from oil exports. Oil revenues constitute 43 percent of GDP, 99 percent...

Gulf oil economies must wake up or face decades of decline

Low oil prices, widening fiscal deficits, rising populations, political turmoil, terrorism, religious intolerance and high youth unemployment conjure up a recipe for economic disaster for a region that once controlled the world’s main energy supplies and appeared set fair for long-term economic success. Does the oil curse have the region staring into an economic abyss as fiscal deficits rise?   The current cycle of global oil prices and the consequential erosion...

Turn a light on: Electricity sector reform in Iraq

In a new analysis paper, we write about how the government of PM Hayder al-Abadi in Iraq is not only facing a security threat posed by the Islamic State (ISIS), but also economic challenges on the short- and long-term, due to policies inherited from the former government and previous administrations. Restoring basic services, like electricity, to Iraqis would play a key role in shoring up the legitimacy of the federal government...

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