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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Election of Nizar Amidi
Iraq's parliament has elected Nizar Amidi, a Kurdish politician, as the country's new president. This decision comes five months after parliamentary elections failed to produce a clear majority. Amidi, affiliated with the Patriotic Union of Kurdistan, emerged victorious over several candidates, including the current Foreign Minister, Fuad Hussein.
## Context of the Election
The election occurs during a challenging period for Iraq, which is dealing with the repercussions of the U.S.-Israeli conflict with Iran. This situation has led to attacks on U.S. bases and vital infrastructure in Iraq by Iran-backed militias. In response, the U.S. and Israel have conducted airstrikes, some of which have resulted in Iraqi military casualties.
## Economic Impact
The conflict has severely impacted Iraq's economy, particularly due to Iran's closure of the Strait of Hormuz, which has disrupted oil exports. Oil is a crucial component of Iraq's economic stability.
## Political Implications
By tradition, Iraq's presidency is held by a Kurdish individual, while the prime minister is Shiite, and the parliamentary speaker is Sunni. Amidi's election was delayed beyond the constitutional deadline, which mandates a presidential election within 30 days of a new parliament's first session.
## Next Steps
Following his election, Amidi is tasked with appointing a prime minister from the largest parliamentary bloc within 15 days. The Shiite Coordination Framework, a coalition of Iran-aligned parties, is expected to nominate former Prime Minister Nouri al-Maliki for the role, despite opposition from the U.S. Current Caretaker Prime Minister Mohammed Shia al-Sudani had previously been a contender for the nomination but stepped aside.
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