Salih Renews Call to Keep Iraq Away from Tutelage, Foreign Interference

 Iraq’s president Barham Salih addresses the 74th session of the United Nations General Assembly at UN headquarters in New York City, New York, U.S., September 25, 2019. REUTERS/Carlo Allegri/Files
Iraq’s president Barham Salih addresses the 74th session of the United Nations General Assembly at UN headquarters in New York City, New York, U.S., September 25, 2019. REUTERS/Carlo Allegri/Files
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Salih Renews Call to Keep Iraq Away from Tutelage, Foreign Interference

 Iraq’s president Barham Salih addresses the 74th session of the United Nations General Assembly at UN headquarters in New York City, New York, U.S., September 25, 2019. REUTERS/Carlo Allegri/Files
Iraq’s president Barham Salih addresses the 74th session of the United Nations General Assembly at UN headquarters in New York City, New York, U.S., September 25, 2019. REUTERS/Carlo Allegri/Files

For the second time within a week, Iraqi President Barham Salih renewed the call for a new political pact among Iraqis, after the failure of the post-2003 government system.

“Iraq has important challenges ahead, mainly the holding of early and fair elections…” Salih said.

His remarks came during his participation in a ceremony on Tuesday to commemorate the bombing of the Baghdad International Airport in Jan. 2020.

“There are those who want the Iraqis to be preoccupied with internal conflicts that are weakening them and threatening their entity… The situation in the country will not recover unless the people regain sovereignty, away from any foreign tutelage or interference,” the Iraqi president underlined.

“There is a need for a new political pact that enables Iraqis to build a state with full sovereignty, and addresses the accumulated mistakes that led to the failure of the existing system of governance. This will not be achieved without reforms.”

Salih noted that the Iraqis were going through “extremely complex and sensitive conditions, in light of regional challenges and economic crises that require a spirit of national responsibility and restraint.”

“An independent and fully sovereign Iraq is a decision that abides by the state and the constitution, and a fundamental pillar of a regional system based on respecting peoples’ rights and rejecting conflicts. We should not accept the country to be an arena for others’ struggles or a starting point for aggression against any side,” he remarked.

Commenting on the Iraqi president’s speech, Dr. Fadel Al-Badrani, Media Professor at the Iraqi University said: “It is clear that President Barham Salih began to sense the seriousness of the Iraqi situation, its prospects, the state of political deadlock and its dangers.”

“The president openly addressed the political parties, by asking them to stop depending on external forces that underestimate Iraqi sovereignty,” he told Asharq Al-Awsat.



UN Warns of Profound Liquidity Crisis in Yemen’s Houthi-Controlled Areas

For the first time, the Houthis will face difficulties in financial transfers and foreign currency supply (local media)
For the first time, the Houthis will face difficulties in financial transfers and foreign currency supply (local media)
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UN Warns of Profound Liquidity Crisis in Yemen’s Houthi-Controlled Areas

For the first time, the Houthis will face difficulties in financial transfers and foreign currency supply (local media)
For the first time, the Houthis will face difficulties in financial transfers and foreign currency supply (local media)

A UN program recently warned of low foreign currency reserves and a liquidity crisis in Houthi-controlled areas if the economic conflict with the internationally recognized government continues in Yemen.

It also noted that the poor food consumption significantly worsened in the north, increasing by 78% year-on-year, compared to a 52% increase in the south.

In its Food Security Update, the World Food Program (WFP) warned that a banking crisis is looming in Yemen, as a transaction ban has been announced between the intentionally recognized government and the Houthis-controlled areas.

“These developments, coupled with diminished foreign currency reserves in the north, could result in liquidity crisis with profound implications on markets, livelihoods, and food security situation,” it said.

The Program also noted that the current escalation in the “economic conflict” is likely to disrupt the flow of remittances and the overall financial and banking sectors, posing significant challenges for importers to procure essential food and non-food items, and ultimately impacting food supply and food price.

According to the WFP Update, this conflict comes while limited income opportunities are a key challenge to accessing food, reported by 71% in the north and 60% in the south.

It added that the depth and severity of food deprivation (poor food consumption) also peaked in May, at 32% in the north and 31% in the south.

This trend significantly worsened in the north, increasing by 78% year-on-year, compared to a 52% increase in the south.

Severe food deprivation reached an all-time high in Al Jawf, Al Bayda, Hajjah, Amran, and Al Hodeidah, WFP said.

Around 8% of households in the north reported relying on begging to meet their essential needs, compared to three percent in the south, it showed, adding that this practice was particularly pronounced in Sadah, Hajjah, Amran, and Al Bayda.

WFP also said the total volume of fuel imported via the Red Sea ports increased by 32% during Jan-May 2024 compared to the same period in 2023.

Fuel imports via the southern ports of Aden and Mukalla decreased by 41% year-on-year, as local crude oil production from Marib largely contributes to covering domestic fuel needs in government controlled areas.

However, the WFP update said it is crucial to closely monitor import flows over the coming months, especially given the increased insurance costs for Yemeni ports, the diminished foreign currency reserves, and the banking crisis.

Also, by the end of May 2024, WFP said that the Yemeni riyal (YER) depreciated to an all-time low of YER 1,749 per dollar in government-controlled areas, losing around 25% of its value against the US dollar year-on-year.

“This decline is primarily attributed to low foreign currency reserves and revenue shortages due to reduced crude oil exports,” it said.

The UN program also noted that the overall volume of food imports via all Yemeni seaports increased by 22% during the first five months of 2024 compared to the same period in 2023.

However, it showed that the Red Sea ports saw a 35% annual rise in food imports during Jan-May 2024, while the southern ports of Aden and Mukalla exhibited a 16% annual decline.