AGP Executive Report
Last update: 8 hours agoFederal Power: Iraq’s Supreme Court ruled the Kurdistan Region’s 2003 state-security law unconstitutional, saying national security falls under federal authority. The final, binding ruling could sharpen Baghdad-Erbil tensions over their powers. Kurdistan Services: The KRG says its Runaki program will bring round-the-clock electricity across the region by year-end, while aiming to make the sector financially self-sustaining by 2028. Monthly production costs exceed $200 million, far above revenue. Economic Strain: The IMF forecasts Iraq’s economy will shrink 16% this year. The central bank defended the recent dinar devaluation as protection against an oil revenue shock, noting oil provides more than 93% of government income. US-Iraq Ties: Prime Minister Ali al-Zaidi and US envoy Tom Barrack discussed bilateral cooperation and regional stability; Barrack said relations are moving toward an economic partnership. Anti-Corruption: The trial of two Iraqi politicians on corruption allegations is set to begin next week. Separately, the Integrity Commission says it halted undervalued sales of Babil railway properties, preventing a potential loss of 24 billion dinars.
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