February 11, 2025 - 20:53

Iraqi President Abdul Latif Rashid has initiated legal proceedings against Prime Minister Mohammed Shia al-Sudani and Finance Minister Taif Sami concerning the overdue salaries of civil servants within the Kurdistan Regional Government (KRG). This lawsuit, submitted to the Iraqi Federal Supreme Court, underscores the growing tensions between the federal government and the KRG, particularly regarding financial management and resource allocation.
The delayed salaries have sparked significant unrest among KRG employees, many of whom rely heavily on their monthly income to support their families. The president's decision to pursue legal action reflects his commitment to addressing the grievances of KRG civil servants and ensuring that they receive their rightful compensation in a timely manner.
This move comes at a critical time, as the KRG faces mounting pressures related to budgetary constraints and economic challenges. The outcome of this lawsuit may have far-reaching implications for the relationship between the Kurdish region and the Iraqi central government, as well as for the stability of the region itself.
January 12, 2026 - 14:40
Colombia's President Petro Advocates for Wealth Tax to Address Financial ChallengesColombia’s left-wing President Gustavo Petro is intensifying his campaign against wealth inequality by proposing the implementation of the world`s largest wealth tax. This move is part of his...
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Investor Reactions to New RMBS Ratings from PennyMac Mortgage Investment TrustRecently, KBRA assigned preliminary ratings to 57 classes of mortgage-backed notes from PMT Loan Trust 2026-INV1, a prime residential mortgage-backed securities (RMBS) offering. This initiative is...
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Jennings Center for Older Adults Secures $14.5 Million FinancingIn a significant development for senior care, Jennings Center for Older Adults has successfully closed a financing deal worth $14,565,000. This funding is part of a Series financing initiative...
January 8, 2026 - 06:22
David H. Kaufman Joins Blank Rome as Senior Counsel in Finance and DerivativesDavid H. Kaufman has joined the New York office of Blank Rome as senior counsel, enhancing the firm`s finance, restructuring, and bankruptcy group. With a wealth of experience in finance and...