Iraq's New Leaders Offer Glimmer Of Hope
Bloomberg Businessweek Middle East|October 16, 2018

With a new prime minister designate and president, Iraq appears to have a chance of tackling some of the challenges that plague the country

Iraq's New Leaders Offer Glimmer Of Hope

Iraq gained two new leaders and a dose of much needed optimism earlier this month with the appointment of a new president and prime minister.

For a country whose leaders have often disappointed, two exceptional people were tapped to be the highest leaders — in what was Iraq’s fourth peaceful transition of power since 2005.

Barham Salih, a Kurdish politician, was voted by parliament into the position of president. His first act was to name Adil Abdul-Mahdi to be prime minister, conditional upon his formation of a government within 30 days. Mahdi was picked by the country’s newly elected president to head the government of OPEC’s second-biggest producer.

Iraqi leaders have struggled to form a government since inconclusive elections in May, and the new premier will take over amid a wave of unrest over corruption and poor services. Deadly protests last month in the oil-rich southern province of Basra left some government offices and the Iranian consulate burned to the ground.

Iraq is also a political battleground in the escalating contest between the U.S. and Iran, whose focal point is the civil war in neighbouring Syria. Like Iran, Iraq has supported President Bashar al-Assad’s government.

Some may see this duo as part of the old guard; both have been active in Iraqi politics since the fall of Saddam Hussein in 2003. Salih has been deputy prime minister of Iraq, and prime minister of Iraqi Kurdistan. Abdul-Mahdi was formerly vice president of Iraq and more recently oil minister.

Diese Geschichte stammt aus der October 16, 2018-Ausgabe von Bloomberg Businessweek Middle East.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der October 16, 2018-Ausgabe von Bloomberg Businessweek Middle East.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BLOOMBERG BUSINESSWEEK MIDDLE EASTAlle anzeigen
Golfing With The Enemy
Bloomberg Businessweek Middle East

Golfing With The Enemy

Did Donald Trump's executives violate the Cuban embargo?

time-read
10+ Minuten  |
August 16, 2016
Super-Rich Syrians Wait for War's End
Bloomberg Businessweek Middle East

Super-Rich Syrians Wait for War's End

Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate

time-read
10+ Minuten  |
July 01, 2016
Pam Codispoti
Bloomberg Businessweek Middle East

Pam Codispoti

The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking

time-read
2 Minuten  |
January 16, 2018
This Time It's The Economy
Bloomberg Businessweek Middle East

This Time It's The Economy

President Rouhani’s budget sets offprotests from people angry about unemployment and inflation

time-read
5 Minuten  |
January 16, 2018
Saudi Prince Counts On Support Of Citizens
Bloomberg Businessweek Middle East

Saudi Prince Counts On Support Of Citizens

State-worker salary increases appeal to the people, but policy may throw the budget off track

time-read
3 Minuten  |
January 16, 2018
Stalin's Legacy Is Choking The Ukrainian Economy
Bloomberg Businessweek Middle East

Stalin's Legacy Is Choking The Ukrainian Economy

The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors

time-read
4 Minuten  |
January 16, 2018
Catastrophe Bonds Survive A Stormy Year
Bloomberg Businessweek Middle East

Catastrophe Bonds Survive A Stormy Year

The turbulence of 2017 couldn’t destroy a market for betting against disasters

time-read
3 Minuten  |
January 16, 2018
Riding The West Bank's Credit Boom
Bloomberg Businessweek Middle East

Riding The West Bank's Credit Boom

Increased consumer lending is creating a bubble in the West Bank

time-read
3 Minuten  |
January 16, 2018
You'd Be Crazy To Buy Pizza With Bitcoin
Bloomberg Businessweek Middle East

You'd Be Crazy To Buy Pizza With Bitcoin

Speculative fervour makes the cryptocurrency clumsy for commerce

time-read
3 Minuten  |
January 16, 2018
What If The President Loses His Party?
Bloomberg Businessweek Middle East

What If The President Loses His Party?

Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake

time-read
6 Minuten  |
August 16, 2017