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The Iraqi Council of Representatives (CoR) voted out Kurdish Finance Minister Hoshyar Zebari in a vote of no-confidence rendered by simple majority on September 21. The vote was held by a secret ballot in a vote of 158 to 77. The Iraqi Constitution (Article 61.8.A) mandates that a minister be dismissed on the basis of an absolute majority, which is 165 CoR members. The vote

By Saif Hameed and Ahmed Rasheed | BAGHDAD Iraq's parliament sacked Finance Minister Hoshiyar Zebari on Wednesday over corruption allegations, a move that risks further destabilizing the major OPEC producer's fragile economy as it struggles with a massive budget deficit. Zebari lost a no-confidence vote by 158 to 77, two lawmakers said, after questioning in parliament last m

ERBIL, Kurdistan Region—The Kurdistan Regional Government (KRG) faces unprecedented financial challenges at present due to plummeting oil prices and regional tensions, but it could come out of the ongoing crises stronger than before if conditions in the neighbouring regions shift, according to a fresh report by Washington-based think tank Atlantic Council. The report says th

The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Amman from August 28–September 10, 2016 on the first review of Iraq’s 36-month Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016. (See Press Release No. 16/321). Mr. Christian Josz, Mission Chief for Iraq, issued the following statement: “The Iraqi a

(IraqiNews.com) Baghdad – The General Co. for Land Transport, Iraq, signed an agreement with a French company for transporting half a ton of cement for the French company this year. Head of General Co. for Land Transport Abdel Amir al-Mohamadawi said, “The company today signed an agreement with the French company ‘Lafarge’ in Iraq to transport half a ton of cement for the la