Egypt Re-Nominates Aboul Gheit as Arab League Secretary

Secretary-General of Arab League Ahmed Abul Gheit (File Photo: Reuters)
Secretary-General of Arab League Ahmed Abul Gheit (File Photo: Reuters)
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Egypt Re-Nominates Aboul Gheit as Arab League Secretary

Secretary-General of Arab League Ahmed Abul Gheit (File Photo: Reuters)
Secretary-General of Arab League Ahmed Abul Gheit (File Photo: Reuters)

Egyptian President Abdel Fattah El-Sisi announced his country's intention to re-nominate the current Secretary-General of the Arab League for a second term.

The Egyptian presidency issued a statement Saturday announcing that Sisi sent messages to Arab leaders to express Egypt's intention to re-nominate Ahmed Aboul Gheit as the League’s chief for another five years.

The statement indicated that Cairo is looking forward to the leaders' support for this nomination, in accordance with the provisions of the League’s Charter.

The presidency spokesman, Ambassador Bassam Rady, explained that the re-nomination of the Sec-Gen comes within the framework of the great interest that Egypt attaches to the work of the Arab League which serves Arab people.

Sisi is keen to provide all possible support to the organization where Arabs’ aspirations are embodied for a coordinated collective action aimed at serving Arab peoples and interests, according to Rady.

He indicated that this characterized the role of the Secretary-General during his first term of the leadership of the joint Arab action system during a challenging phase in the Arab region.

Aboul Gheit, 78, is the eighth general secretary of the League since its establishment. He began his diplomatic career in the mid-sixties, and held various positions, lastly as Egypt’s Foreign Minister between 2004 and 2011 before he was elected to lead the AL.

Abdul Rahman Azzam was elected as the first general secretary of the university in 1945, and seven Egyptian officials held the same position.

The late Tunisian politician, Chedli Klibi, held the position between 1979 until 1990 following Arab countries' boycott of Egypt after it signed a peace treaty with Israel.



Iraq Faces 2025 Fiscal Squeeze Amid Oil Price Decline, Adviser to PM Says 

A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)
A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)
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Iraq Faces 2025 Fiscal Squeeze Amid Oil Price Decline, Adviser to PM Says 

A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)
A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)

Iraq faces a budget crunch in 2025 due to the slump in the price of oil, the overwhelming source of government revenue, a top economic adviser to Prime Minister Mohammed Shia al-Sudani said.

"We don't anticipate major problems in 2024, but we need stricter financial discipline for 2025," Mudher Saleh told Reuters in an interview late on Monday.

Iraq, OPEC's second-largest producer, is heavily dependent on oil revenues. The hydrocarbons sector accounts for the vast majority of export earnings and some 90% of state revenue.

This huge reliance on oil makes Iraq particularly vulnerable to fluctuations in global crude prices.

Still, Iraq increased its budget in 2024 even after record spending in 2023, when more than half a million additional employees were hired into the already-bloated public sector and a capital-intensive nationwide infrastructure revamp began.

The 2024 budget rose to 211 trillion dinars ($161 billion) from 199 trillion dinars ($153 billion) in 2023, maintaining a projected deficit of 64 trillion dinars, Saleh said.

The budget assumes an oil price of $70 per barrel in 2024, around $6 less than the likely average price this year.

Saleh said that paying salaries and pensions on time remain a top priority. They account for 90 trillion dinars ($69 billion), or over 40% of the budget, and are a key factor of social stability in Iraq.

"The government will pay salaries even if it costs everything. Salaries are holy in Iraq," he said.

Infrastructure development, meanwhile, could be refocused on the most strategic projects - such as key road and bridge works in the capital Baghdad - if the state finds itself in a financial crunch, he said.

To bolster finances, Iraq is focusing on increasing non-oil revenues through improved tax collection but is not exploring any new levies, Saleh said.

He estimated that Iraq loses up to $10 billion annually due to tax evasion and customs-related problems.

Concerns for the 2025 budget reflect a challenging global oil market. Oil prices have been on a downward trend since mid-2022, with Brent crude, the international benchmark, falling from over $120 per barrel to below $75 in recent days.

This decline is largely attributed to weakening global demand, particularly from China, the world's largest oil importer, as its economic growth slows down.