A woman stands beside the rubble in the Shiite Zaafaraniya neighbourhood of Baghdad in January, after a suicide bomber detonated an explosive-filled taxi near a funeral procession, killing 31 people.
A woman stands beside the rubble in the Shiite Zaafaraniya neighbourhood of Baghdad in January, after a suicide bomber detonated an explosive-filled taxi near a funeral procession, killing 31 people.
A woman stands beside the rubble in the Shiite Zaafaraniya neighbourhood of Baghdad in January, after a suicide bomber detonated an explosive-filled taxi near a funeral procession, killing 31 people.
A woman stands beside the rubble in the Shiite Zaafaraniya neighbourhood of Baghdad in January, after a suicide bomber detonated an explosive-filled taxi near a funeral procession, killing 31 people.

Iraqi leaders ignore armoured car row and go on holiday


  • English
  • Arabic

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

WORLD'S%2010%20HIGHEST%20MOUNTAINS
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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)

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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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