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.
July 3, 2026 - 18:38
Tamchy Special Financial Investment Territory on Issyk-Kul Launched in KyrgyzstanThe President of Kyrgyzstan, Sadyr Japarov, officially launched the Tamchy Special Financial Investment Territory (SFIT) on the coast of the alpine Lake Issyk-Kul. The new jurisdiction is designed...
July 3, 2026 - 02:30
Japan finance minister says ready to respond on yen, in contact with US authoritiesTOKYO -- Japan`s Finance Minister Satsuki Katayama stated on Friday that the government is prepared to take appropriate measures regarding currency fluctuations, renewing her caution as market...
July 2, 2026 - 22:18
New Museum of American Finance teaches visitors about moneyThe story of money is getting a new home in Boston. The Museum of American Finance, an affiliate of the Smithsonian Institution, is set to open in the city`s Seaport district. Its mission is...
July 2, 2026 - 03:37
Why Meta's cloud business would be 'very bad' for these 2 companiesD.A. Davidson`s head of technology research, Gil Luria, has issued a stark warning about Meta`s potential entry into the cloud computing market. According to Luria, if Meta moves forward with...