Iraq Officials Mull Rotation Among Sects of Top Positions

A man votes in the 2018 parliamentary elections in Baghdad. (AFP)
A man votes in the 2018 parliamentary elections in Baghdad. (AFP)
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Iraq Officials Mull Rotation Among Sects of Top Positions

A man votes in the 2018 parliamentary elections in Baghdad. (AFP)
A man votes in the 2018 parliamentary elections in Baghdad. (AFP)

The withdrawal from upcoming elections by influential Shiite cleric Moqtada al-Sadr, the leader of the largest parliamentary bloc, continues to weigh heavily throughout Iraq, especially among other Shiite forces.

The capital Baghdad is divided between the Sunni Karkh district and the Shiite al-Rusafa. This divide was the most intense during the past eight years, first with the civil war when Shiites were killed in Sunni neighborhoods and Sunnis in Shiite neighborhoods.

The divisions were further widened during four rounds of elections that were held since 2005. These elections have produced a form of governance that has since proven to be a failure as Iraq plunges deeper in mismanagement at the hands of corrupt officials.

Moreover, the post-Saddam period that began in 2003 resulted in a sectarian political understanding that stipulates that the top positions of president, prime minister and parliament speaker should be divided according to sectarian lines.

As it stands, the prime minister is always a Shiite, the president a Kurd and parliament speaker a Sunni. However, parliament Speaker Mohammed al-Halbousi stirred debate recently by declaring: “Iraq is Arab and so the position of president should go to the Sunni Arabs.” He made it a point to say Arab because the Kurds too adhere to Sunni Islam.

His statement did not sit well with the Kurds, who boast their own influential blocs and are also divided among themselves over which Kurdish party should hold the position of president.

According to an understanding between the Kurdistan Democratic Party (KDP), headed by Masoud Barzani, and the Patriotic Union of Kurdistan (PUK), the president of the Kurdish Region should hail from Barzani’s party, while the Iraqi president must be a member of the PUK.

Since 2003, Kurdish figures – Jalal Talbani, Fuad Masoum and Barham Salih – have served as president.

Disputes have even emerged from the PUK itself over the nomination of the next president.

On the Shiite scene, political forces have grown paranoid of a conspiracy being plotted to thwart the appointment of a Shiite to the position of premier. The constitution does not explicitly state that the prime minister should be a Shiite, Sunni or Kurd.

The signs of a Kurdish-Sadrist alliance may create further political confusion in the country. The alliance, should it come to light, would be the first since 2003.

Shortly before Sadr withdrew from the elections, he had paid a visit to Erbil to meet with KDP officials and Barzani. Observers at the time speculated that they would soon announce an alliance between the largest Shiite and Kurdish forces that would create a major shift in the political scene.

Sadr’s surprise withdrawal, however, has upended the scene and forced the KDP to rethink its future alliances.

Had the two sides forged an alliance, the division of the “sovereign positions” of president, prime minister and speaker, would have changed. The position of premier would be held by Sadr, Barzani would control the presidency instead of the PUK, and Sunni Arabs would retain the position of speaker.

The Sunni and Kurdish parties now have to wait with bated breath for Sadr to take a final decision on whether he will run in the elections or not, with all forces setting their sights on the position of prime minister.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.