Iraq’s parliament approves $88.2 bn budget for 2016

Baghdad (AFP) - Iraq's parliament adopted Wednesday a 2016 budget of $88.2 billion, based on projected oil prices of $45 per barrel, according to a copy received by AFP. The budget includes oil production the federal government does not now control and envisions a rise in oil prices, meaning revenue may fall short of projections. Parliament speaker Salim al-Juburi announced t

Read More

Is Iraqi Kurdistan splitting apart … again? By Denise Natali *

On a recent episode of the popular Iraqi Kurdish talk show "With Ranj" produced in Sulaimaniyah, the four participants — all members of diverse political parties — debated the Kurdistan Region’s political and financial crises. The discussion was most notable for its tone and substance. Instead of talking about the need for an independent Kurdistan, a topic that has preoccupied

Read More