Sunni bloc will take part in forming Iraqi government


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BAGHDAD // A Sunni-backed political bloc said Saturday it will join efforts to produce a national unity government, backing away from a threat to boycott parliament.

Iraqiya's decision raised hopes that lawmakers could resolve disputes that have threatened to derail an agreement intended to bring all of Iraq's major blocs into the government. The deal announced this week ended an eight-month impasse that had stalled the formation of a new government, but almost immediately began to unravel when Iraqiya walked out of the session.

The months of political jockeying after inconclusive March 7 parliamentary elections have left Iraqis disillusioned amid fears the sidelining of the minority Sunni community could stoke more violence.

Lawmakers reconvened on Saturday, two days after many Iraqiya members walked out of a parliament session over what they said were broken promises by Prime Minister Nouri al-Maliki's coalition.

President Jalal Talabani went ahead and nominated al Maliki to form the new government, despite the walkout. Al Maliki now has a month to allocate ministerial posts.

"There was a misunderstanding in the last session," Iraqiya spokesman Haider al-Mulla told lawmakers. "We here stress that we will be an active part in producing a national unity government."

The statement indicated Iraqiya will participate in al-Maliki's new Shiite-dominated administration, although it was not clear what role the Sunnis will play.

Iraqiya lawmaker Wahda al Joumaili said the Sunni-backed list will participate in the government if al-Maliki's alliance will adhere to what she said were previous agreements allocating Iraqiya some of the more influential ministries.

The comments Saturday by many Iraqiya members appeared to backtrack somewhat from a statement late Friday by bloc's leader, former prime minister Ayad Allawi. He told CNN television that the concept of power-sharing, referring to efforts to give Iraqiya a significant role in the new government, is dead.

"The main bulk of Iraqiya is not going to be part and I am definitely not going to be part of this government," Allawi said.

Iraqiya's position has been significantly weakened after it won the most seats in the March 7 parliamentary elections but was left without the majority needed for a clear mandate. That paved the way for al-Maliki to assemble a mainly Shiite coalition that enabled him to secure a second term.

Thursday's walkout happened after Iraqiya accused al Maliki's Shiite alliance of violating an agreement to reverse a ban on three Iraqiya lawmakers prevented from taking up government posts for alleged ties to Saddam Hussein's banned Baathist party.

The majority of Iraqiya lawmakers got up and left, threatening not to return.

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A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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