Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Iraqi PM Abadi to seek re-election in May vote

Published 01/13/2018, 11:07 PM
Updated 01/13/2018, 11:10 PM
© Reuters. Iraq's Prime Minister Haider al-Abadi speaks during a ceremony in Najaf

BAGHDAD (Reuters) - Iraqi Prime Minister Haider al-Abadi announced on Sunday his candidacy for the May 12 parliamentary elections to choose a prime minister.

Abadi, a Shi'ite Muslim who led the country in the four-year war against Islamic State, said he will seek to form a cross-sectarian block called ''the victory alliance'' to contest the parliamentary elections, with candidates from other communities.

Abadi took over the premiership in 2014 from Nuri al-Maliki, a close ally of Iran widely criticized by Iraqi politicians for the army's collapse as Islamic State militants swept through a third of Iraq.

Maliki, who heads the Shi'ite Dawa party, announced on Saturday he will be running in the elections.

Abadi is a Dawa member but he didn't secure Maliki's endorsement for his candidacy. Maliki said on Saturday Dawa supporters will be free to choose between his alliance, called ''state of law'', and Abadi's ''victory alliance.''

Abadi is credited for quickly rebuilding the army and defeating Islamic State in its main Iraqi stronghold, Mosul, last July, with strong assistance from a U.S.-led coalition.

Maliki holds the ceremonial title of vice-president. He remains a powerful political figure as head of the Dawa and the largest political block in the current parliament.

The prime minister's office is reserved for Iraq's majority Shi'ite Arab community under a power-sharing system set up after the 2003 U.S-led invasion that toppled Saddam Hussein, a Sunni Arab.

The largely ceremonial office of president is reserved for a Kurdish member of parliament. The speaker of parliament is drawn from Sunni Arab MPs.

The parliament is yet to approve the May 12 date for the elections.

© Reuters. Iraq's Prime Minister Haider al-Abadi speaks during a ceremony in Najaf

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.