Source: Arab News
BAGHDAD: Government corruption provided Daesh and local militias with the umbrella they needed to seize power in Iraq, officials and lawmakers told Arab News on Thursday.
They said Iraq’s security and political stability will remain threatened as long as corrupt officials continue to control the country’s assets.
Iraq is high on the list of the most corrupt countries. The Iraqi Parliamentary Committee of Integrity told Arab News that the estimated value of “looted” amounts during the past 12 years has been more than $200 billion. Almost a third of Iraqi territories in the north and west fell into the hands of Daesh militants in June 2014 after the dramatic collapse of the Iraqi Army. That was the result of financial and administrative corruption which undermined the security establishment at the time.
The results of an eight-month-long investigation by the Iraqi Parliamentary Committee for Security and Defense in August 2015 showed that financial and administrative corruption played a key role in widening the gap between the residents and the security services of Mosul, Iraq’s second most populated city. Corruption led to the fall of the city and its suburbs into the hands of the militants in 2014. The report states that Nuri Al-Maliki, the former Iraqi prime minister, tops the list of officials responsible for the fall of Mosul as he was in charge of “the appointment of incompetent leaders … and the lack of accountability of corrupt security officials.” READ MORE…
Oil prices surged to 2-1/2-year highs and U.S. crude touched $60 a barrel in light trading volume on Tuesday, boosted by news of an explosion on a Libyan crude pipeline as well as voluntary OPEC-led supply cuts. Iraq’s oil minister said on Monday there would be a balance between supply and demand by the first quarter, leading to a boost in prices. Global oil inventories have decreased to an acceptable level, he added.read more
Iraqi Oil Minister Jabar al-Luaibi said on Monday (December 25, 2017) he was optimistic there would be a balance between supply and demand by the first quarter of 2018, leading to a boost in oil prices. The new contact will allow Zhenhua to receive a $3.5 fee for each barrel of crude produced from the oilfield, Ameedi said, and will serve as a model for all upcoming contracts with international companies. Jalal also said his company has plans to upgrade production from the Neft Khana oilfield near the Iranian border to 8,000 barrels per day from the current 2,000.read more
Iraqi Vice President Nouri al-Maliki told Rudaw during an interview in Baghdad on Thursday that the federal government has to help the Kurdistan Region to solve the problems it is facing including the ongoing financial crisis before “it is too late.” He called the events in Khurmatu since October 16 “ethnic cleansing” and one that they are following with great concern. Maliki served as Prime Minister of Iraq for two terms from 2006-2014. Under his tenure the central government cut the Kurdish share of budget in early-2014 over the KRG’s plans to export oil independent of Baghdad. He deployed the Iraqi security forces to the borders of the Kurdistan Region at least twice when he was the PM, and became the first senior Iraqi politician to threaten Kurdistan with the use of force against the Iraqi-opposed Kurdish vote on independence. In a wide-ranging interview, he told Rudaw presenter Ranj Sangawi that he wants both Iraq and the Kurdistan Region to get over what happened in the past, including the disagreement over the Kurdish vote.read more
Analysts have blamed Egypt’s autocracy for a recent attack that killed hundreds. But that’s not what’s motivating the violence. A few weeks ago, terrorists laid siege to a mosque in the small town of Bir al-Abd that lies just off the east-west road spanning the northern Sinai Peninsula. They killed 305 people and wounded many others. The photos from the scene were macabre—the stuff of Baghdad or Karachi, not Egypt. Until the attack on the al-Rawdah Mosque on November 24, the deadliest terror incident in Egypt occurred in 1997, when a group called al-Gamaa al-Islamiyya killed 57 people—most of them Japanese and British tourists—at the Temple of Hatshepsut near Luxor. The recent bloodletting in the Sinai is believed to be the work of Wilayat Sina, the Sinai branch of the self-styled Islamic State, though no one has claimed responsibility.read more
Capital failure. Blame poor leaders, distracted neighbours and a stalled peace process. Even by the standards of the peace process, this may be a new low. President Donald Trump’s advisers have spent the past year shuttling between Israelis and Palestinians. The administration is close to unveiling a peace plan, but its work has already lapsed into what the White House calls a “cooling-off period”. When Mike Pence, America’s vice-president, visits the Middle East in January, he is unlikely to be received by a Palestinian leader. The latest round of talks may be over before it begins.read more