BAGHDAD // Iraq's politicians have hightailed it out of town for a six-week holiday without keeping a promise to cancel a pricey perk - free armoured cars that they approved for themselves in the annual budget.
It is the sort of extravagant action that is fuelling resentment among the struggling Iraqi public, many of whom accuse the country's leaders of being corrupt and only in politics for their own profit.
For months, parliament has failed to restructure the US$100 billion (Dh367bn) budget, which was widely criticised, or pass a list of laws to tackle the country's numerous problems.
"They have not discussed ways of how to improve the lives of people like me," said Ammar Hassan, a college graduate from Karbala who drives a taxi to support himself. "They only think about themselves instead of paying attention to people's welfare."
Mr Hassan, 39, said he earns an average of about $200 (Dh735) each month - a fraction of the monthly $22,500 (Dh82,646) salary paid to each of the 325 politicians in parliament.
"I'm afraid the day will come when lawmakers pass a law imposing taxes on ordinary people's salaries and incomes to cover their own living costs," he said bitterly.
Iraq's government has been rife with corruption going back to the regime of former dictator Saddam Hussein, who hoarded the nation's oil riches for himself and his cronies amid an impoverished public.
Hopes that conditions would dramatically improve as Iraq tried to build a post-Saddam democracy proved overly optimistic, however. A quarter of Iraq's population of 31 million people live in poverty and an estimated 15 per cent are unemployed, according to US data compiled by the Central Intelligence Agency.
Raw sewage runs through the streets in many neighbourhoods, polluting tap water, sickening residents and adding to an overall sense of misery. Many Iraqis only have 12 hours of electricity each day.
By contrast, Iraqi politicians were given a $90,000 (Dh 330,000) stipend for expenses in addition to their monthly salaries when they took office in 2010. And in February, parliament voted to buy $50 million (Dh184m) worth of armoured cars to protect them from insurgent attacks that routinely target officials.
But far more innocent bystanders are killed than government officials in Iraq's still-frequent bombings. The pricey perk enraged the public and the anger was soothed only by sheepish promises to redirect the money to what parliament speaker Osama Al Nujaifi at the time called "more important and vital items for the community."
Since then, however, the politicians have dragged their feet about giving up the cars - and on most other vital legislation.
Lawmaker Mohammed Al Khalidi said the latest plan being considered would let legislators from some of Iraq's most dangerous provinces - Baghdad, Sunni-dominated Anbar and Ninevah, and the sectarian and ethnically divided Diyala - keep the cars.
"Others who live in violence-free areas, such as the self-ruled northern Kurdish region and southern provinces, will not get them," said Mr Al Khalidi.
A member of the Sunni-dominated Iraqiya political bloc, he lives in the northern Ninevah province, a former Al Qaeda bastion and voted to give lawmakers the cars.
But before lawmakers could finalise any changes, parliament began a six-week holiday last week and isn't scheduled to return to Baghdad until June 15.
Baghdad political analyst Hadi Jalo said the politicians probably hoped the public would simply forget about the cars after February's controversy died down.
"This cover-up attempt means that the lawmakers still want these cars," Mr Jalo said. "They are not angels and they want to get everything with financial benefits."
Over the past 18 months, parliament has passed 85 laws. But few of them deal with Iraq's most pressing problems, such as disputed lands in the country's north, power disputes between provinces and the central government, and whether to extend credit to investors seeking to help rebuild the war-torn nation.
Laws that have passed parliament include measures to support small businesses, join international conventions for rights of the handicapped, forge energy agreements between Iraq and the European Union and regulate who gets medals of commendation from the government.
Political wrangling has shelved four hydrocarbon laws that would pave the way towards Iraq producing and exporting more oil and potentially injecting new wealth into the economy. The laws would also regulate the oil industry's growth and create a formula to divide resources and profits among provinces.
Iraq sits on top of the world's fourth largest proven reserves of conventional crude, about 143.1 billion barrels. But the country lacks the necessary systems to produce and export the oil, and has been trying to lure energy investors to help.
In one high-profile oil dispute, Baghdad has blacklisted energy giant ExxonMobil from bidding on new projects as punishment for plans to work in the Kurdish region. That has infuriated Kurdish officials who fear future companies will be reluctant to invest there.
It's that kind of dispute that can't be expected to be solved quickly or easily, said Shiite lawmaker Bahaa Al Araji. "Laws that draw political disputes need more time to be approved," he said.
In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff
Pathaan
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Arabian Gulf League fixtures:
Friday:
- Emirates v Hatta, 5.15pm
- Al Wahda v Al Dhafra, 5.25pm
- Al Ain v Shabab Al Ahli Dubai, 8.15pm
Saturday:
- Dibba v Ajman, 5.15pm
- Sharjah v Al Wasl, 5.20pm
- Al Jazira v Al Nasr, 8.15pm
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
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MATCH DETAILS
Manchester United 3
Greenwood (21), Martial (33), Rashford (49)
Partizan Belgrade 0
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
RESULTS
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UAE currency: the story behind the money in your pockets
SPECS
Nissan 370z Nismo
Engine: 3.7-litre V6
Transmission: seven-speed automatic
Power: 363hp
Torque: 560Nm
Price: Dh184,500
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Bugatti Chiron Super Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,600hp
Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3
MATHC INFO
England 19 (Try: Tuilagi; Cons: Farrell; Pens: Ford (4)
New Zealand 7 (Try: Savea; Con: Mo'unga)
Why it pays to compare
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.
WHAT ARE NFTs?
Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.
An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.
This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.
The specs
Engine: 3.0-litre 6-cyl turbo
Power: 374hp at 5,500-6,500rpm
Torque: 500Nm from 1,900-5,000rpm
Transmission: 8-speed auto
Fuel consumption: 8.5L/100km
Price: from Dh285,000
On sale: from January 2022
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