Mohammed Shia Al Sudani, who will head the new Iraqi government as prime minster. AP
Mohammed Shia Al Sudani, who will head the new Iraqi government as prime minster. AP
Mohammed Shia Al Sudani, who will head the new Iraqi government as prime minster. AP
Mohammed Shia Al Sudani, who will head the new Iraqi government as prime minster. AP

Iraq’s parliament approves new government headed by Mohammed Shia Al Sudani


Sinan Mahmoud
  • English
  • Arabic

Iraq’s parliament approved a new government headed by Mohammed Shia Al Sudani as prime minster on Thursday, ending more than a year of political deadlock during which the country teetered on the verge of collapse.

The stalemate over the formation of a new government that followed October national elections last year was the longest in Iraq since the 2003 US-led invasion that toppled Saddam Hussein.

The stalemate turned bloody when clashes broke out earlier this year between Shiite militias in Baghdad's Green Zone, the heart of government that contains the parliament buildings and foreign embassies. Dozens of people were killed or wounded.

Mr Al Sudani, a long-time Shiite politician and former minister, had 21 ministries of his Cabinet confirmed, leaving two unfilled, pending agreement among political rivals on the candidates.

In his government agenda submitted earlier to parliament, Mr Al Sudani said he was forming “a coalition government based on the national partnership principle”, referring to an informal power-sharing arrangement — the Muhasasa in Arabic — established in 2003.

Under the agreement, Shiites are entitled to 12 ministries, Sunnis six, Kurds four and the rest distributed among other religious and ethnic groups.

The two unfilled posts are the minister of environment and the minister of construction and housing, to which Kurds are entitled.

Disagreement over government posts continued as preparations were under way for Thursday's session, forcing a postponement twice before being held at 7.30pm.

Members of parliament attend a session with the new government in Baghdad, Iraq. AP
Members of parliament attend a session with the new government in Baghdad, Iraq. AP

Mr Al Sudani chose deputy commander of Joint Operations Lt Gen Abdul Amir Al Shammari, a Shiite, as the interior minister and former military officer and MP Thabit Al Baldawi as defence minister.

He kept Kurdish politician Fuad Hussein as foreign minister for a second term and named the head of state-run South Gas Company Hayan Abdul Ghani Abdul Zahra as oil minister.

For the Finance Ministry, he chose long-time deputy finance minster Taif Sami Mohammed.

The Health Ministry went to former minister Salih Al Hasnawi, and the Electricity Ministry to Ziyad Ali Fadhil, who held several senior posts in the ministry.

Mr Al Sudani has set out ambitious plans to introduce economic and financial reforms, improve public services, fight endemic corruption and reduce unemployment and poverty.

He has also promised to amend the elections law within three months and to hold early national elections within a year.

The politician was the nominee of the Co-ordination Framework, the largest political group in parliament and compromising Shiite militias, which controls 138 out of 329 seats.

The UN mission in Iraq welcomed the confirmation of the new government, saying that it “faces many serious challenges that require decisive action”.

Among the challenges, the UN said, the government has to work on “ending impunity and making perpetrators accountable; and reining in non-state armed actors while asserting the state’s authority".

“A strong resolve, across the spectrum, to provide concrete solutions will prove vital,” it added, calling for the swift completion of the Cabinet.

Descended from a well-known tribe in the southern province of Maysan, Mr Al Sudani, 52, started his political career after 2003 as a member of the Shiite Dawa Party.

From 2004 to 2009, he served as member of the provincial council in his home town and as provincial governor for a year.

He ran for election with the State of Law Coalition led by former prime minister Nouri Al Maliki and has won three terms in parliament since 2014.

Among other posts, he served as minister of human rights from 2010 to 2014 and minister of labour and social affairs from 2014 to 2018.

Iraqi anti-government demonstrators — in pictures

  • Protesters wave the Iraqi national flag as they attend a protest in Tahrir Square, Baghdad. AFP
    Protesters wave the Iraqi national flag as they attend a protest in Tahrir Square, Baghdad. AFP
  • Anti-riot police, standing on barricades, disperse protesters with tear gas, in Baghdad. Reuters
    Anti-riot police, standing on barricades, disperse protesters with tear gas, in Baghdad. Reuters
  • Tear gas rises as demonstrators gather in Tahrir Square in the centre of Baghdad. AFP
    Tear gas rises as demonstrators gather in Tahrir Square in the centre of Baghdad. AFP
  • People were marking three years since anti-government protests swept through major cities in central and southern Iraq. AFP
    People were marking three years since anti-government protests swept through major cities in central and southern Iraq. AFP
  • A protester hurls a tear gas canister. Reuters
    A protester hurls a tear gas canister. Reuters
  • Anti-riot police clash with protesters. Reuters
    Anti-riot police clash with protesters. Reuters
  • Fleeing from tear gas. Reuters
    Fleeing from tear gas. Reuters
  • A protester affected by tear gas is carried away. Reuters
    A protester affected by tear gas is carried away. Reuters

He worked in an acting role for several ministries during Mr Al Maliki’s two terms in office from 2006 to 2014.

Mr Al Sudani begins his tenure facing a series of challenges, including the climate crisis, high unemployment, widespread corruption and dilapidated public services.

Frustration over the failure of previous governments to deal with the country’s chronic woes has sparked protests against the political elite who have been in power since 2003.

The largest protests since 2003 broke out in October 2019 in the central and southern parts of the country, leading to the resignation of the government and the approval of a new law that led to early elections, but these achievements came with a heavy price.

The leaderless, youth-led protests were met with a heavy-handed crackdown from security forces and Iran-backed militias.

About 600 protesters and members of security forces were killed in the violence, while tens of thousands were wounded.

Dozens of activists reported intimidation. There were also a number of kidnappings and assassinations.

Activists accused Iran-backed militias of being behind the assassinations while the government and the militias blamed “third parties”, without specifying who they were.

In early 2020, the protests ended due to the crackdowns and the coronavirus pandemic. Dozens of independent candidates who took part in the protests managed to win seats in parliament following the October 2021 elections.

For the first time since 2003, the Sadrist movement, a political group backed by influential Shiite cleric Moqtada Al Sadr, will be absent from the process of forming a new government.

Mr Al Sadr's political bloc emerged as the biggest in parliament after the elections, winning 73 of the 329 seats.

However, he asked his MPs to resign in June after failing to form a majority government with Sunni and Kurdish politicians. The resignation was in protest against what Mr Al Sadr called illegal attempts, mostly by the Co-ordination Framework, to block the formation of a government.

The resignations put the Co-ordination Framework in prime position to form a government, allowing it to name as prime minister Mr Al Sudani, who has been firmly rejected by Mr Al Sadr due to his ties to the cleric's bitter rival Mr Al Maliki.

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The%20Mandalorian%20season%203%20episode%201
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERick%20Famuyiwa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EPedro%20Pascal%20and%20Katee%20Sackhoff%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%C2%A0%3C%2Fp%3E%0A
Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

West Asia Premiership

Dubai Hurricanes 58-10 Dubai Knights Eagles

Dubai Tigers 5-39 Bahrain

Jebel Ali Dragons 16-56 Abu Dhabi Harlequins

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
Results

Final: Iran beat Spain 6-3.

Play-off 3rd: UAE beat Russia 2-1 (in extra time).

Play-off 5th: Japan beat Egypt 7-2.

Play-off 7th: Italy beat Mexico 3-2.

SPECS
%3Cp%3E%0D%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20750hp%20at%207%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20800Nm%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%207%20Speed%20dual-clutch%20auto%0D%0D%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20332kph%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%2012.2L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EYear%20end%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1%2C430%2C000%20(coupe)%3B%20From%20Dh1%2C566%2C000%20(Spider)%3C%2Fp%3E%0A

Men’s singles 
Group A:
Son Wan-ho (Kor), Lee Chong Wei (Mas), Ng Long Angus (HK), Chen Long (Chn)
Group B: Kidambi Srikanth (Ind), Shi Yugi (Chn), Chou Tien Chen (Tpe), Viktor Axelsen (Den)

Women’s Singles 
Group A:
Akane Yamaguchi (Jpn), Pusarla Sindhu (Ind), Sayaka Sato (Jpn), He Bingjiao (Chn)
Group B: Tai Tzu Ying (Tpe), Sung Hi-hyun (Kor), Ratchanok Intanon (Tha), Chen Yufei (Chn)

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20SupplyVan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2029%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20MRO%20and%20e-commerce%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Getting%20there%20
%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Ftravel%2F2023%2F01%2F12%2Fwhat-does-it-take-to-be-cabin-crew-at-one-of-the-worlds-best-airlines-in-2023%2F%22%20target%3D%22_self%22%3EEtihad%20Airways%20%3C%2Fa%3Eflies%20daily%20to%20the%20Maldives%20from%20Abu%20Dhabi.%20The%20journey%20takes%20four%20hours%20and%20return%20fares%20start%20from%20Dh3%2C995.%20Opt%20for%20the%203am%20flight%20and%20you%E2%80%99ll%20land%20at%206am%2C%20giving%20you%20the%20entire%20day%20to%20adjust%20to%20island%20time.%20%C2%A0%3C%2Fp%3E%0A%3Cp%3ERound%20trip%20speedboat%20transfers%20to%20the%20resort%20are%20bookable%20via%20Anantara%20and%20cost%20%24265%20per%20person.%20%C2%A0%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Walls

Louis Tomlinson

3 out of 5 stars

(Syco Music/Arista Records)

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
MATCH INFO

Uefa Champions League semi-final, first leg

Tottenham v Ajax, Tuesday, 11pm (UAE).

Second leg

Ajax v Tottenham, Wednesday, May 8, 11pm

Games on BeIN Sports

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Destroyer

Director: Karyn Kusama

Cast: Nicole Kidman, Toby Kebbell, Sebastian Stan

Rating: 3/5 

UAE release: January 31 

Updated: October 28, 2022, 5:03 AM