Iraq Economic News And Points To Ponder Monday Evening 4-27-26
The Coordinating Framework Nominates Ali Al-Zidi For The Premiership
latest news Monday, April 27, 2026 Baghdad – One News A statement from the Coordination Framework indicated that Ali al-Zidi has been nominated to head the next government, in a move aimed at resolving the executive entitlement during the current political phase.
The framework also praised the work done by the government of Prime Minister Mohammed Shia al-Sudani during the past three and a half years, describing its performance as “patriotic and responsible” in the face of economic, regional and international challenges.
In the same context, the Coordination Framework praised what it described as the “historic and responsible” positions of both the head of the State of Law Coalition, Nouri al-Maliki, and the head of the Reconstruction and Development Coalition, Muhammad Shia al-Sudani, through their withdrawal from running for the next government.
https://1news-iq.net/الإطار-التنسيقي-يرشح-علي-الزيدي-لرئاس/
Baghdad – One News 4/27/2026
Sources told Lawan News that the forces of the Coordination Framework will hold a meeting today at the Government Palace with the aim of definitively deciding on the Prime Minister candidate.
According to the sources, a preliminary agreement has been reached to nominate businessman and owner of the South Bank, Ali al-Zaydi, to assume the position of Prime Minister, amid intensive efforts to end the political deadlock in the coming hours. https://1news-iq.net/رجل-الأعمال-علي-الزيدي-مرشح-الإطار-لرئ/
Who Is Ali Al-Zaidi, The Coordination Framework's Candidate For Prime Minister?
latest news Monday, April 27, 2026 Baghdad – One News 4/27/2026 He obtained a Bachelor of Laws, a Bachelor of Finance and Banking, in addition to a Master of Finance and Banking, in an academic path that combines legal knowledge and financial specialization, which qualifies him to deal with governance, legislation, investment, financial management and economic development files in an integrated manner.
He served as Chairman of the Board of Directors of the Bank of the South for several years, during which he gained experience in banking management and financial governance, monitoring credit and investment policies, and risk management, in addition to working to enhance confidence in the banking sector.
He also served as Chairman of the University’s Board of Directors, where he worked to develop higher education and link it to the needs of the labor market, emphasizing the importance of education in building the modern state, preparing young leaders, and supporting the knowledge economy. https://1news-iq.net/من-هو-علي-الزيدي-مرشح-الإطار-التنسيقي-ل/
Sunni Blocs Back Al-Zaidi Nomination For Iraq Premiership
2026-04-27 / 13:54 Shafaq News- Baghdad On Monday, Iraqi Sunni political blocs, within the National Sunni Council, welcomed the nomination of Ali Al-Zaidi as the new prime minister, after the presidency formally tasked him with forming a government.
Al-Azm Alliance, led by Muthanna Al-Samarrai, considered the nomination a step toward completing constitutional requirements, expressing support for moving ahead with forming the new cabinet within constitutional timelines. The alliance also pointed to the “need for continued cooperation among political forces to ensure stability and strengthen state institutions.”
Former Parliament Speaker and leader of the Taqaddum Alliance, Mohammed Al-Halbousi, said that he “fully supports” the nomination, adding that he hopes for the formation of a “strong government capable of addressing challenges, meeting current needs, and strengthening Iraq’s ties with its Arab and Islamic surroundings.”
The Sovereignty Alliance (Al-Siyada), led by Khamis Al-Khanjar, stated that the current phase requires reinforcing genuine national partnership and adhering to political agreements to ensure stability, advance reforms, improve services, address economic challenges, and strengthen the rule of law, including restricting weapons to state control.
Earlier today, the Coordination Framework, the largest bloc with about 162 of parliament’s 329 seats, selected Al-Zaidi after State of Law leader Nouri Al-Maliki and caretaker Prime Minister Mohammed Shia Al-Sudani, who heads the Reconstruction and Development (Al-Ima'ar wal-Tanmiya) Coalition, withdrew from the race.
Read more: Who is Ali al-Zaidi? The businessman tapped for Iraq's premiership
https://shafaq.com/en/Iraq/Sunni-blocs-back-Al-Zaidi-nomination-for-Iraq-premiership
Diplomatic official: Two phases of US sanctions begin with halting dollar transactions and could extend to freezing Iraqi Funds
Baghdad – One News 4/27/2026 A diplomatic official revealed specific details regarding two phases of potential US sanctions on Iraq, within the framework of what is known as the “red alert”.
He explained that the first phase involves completely halting dollar transfers, noting that Iraqi oil revenues have been deposited into an account at the Federal Reserve Bank of New York since 2003. He indicated that these funds had not been sent to Iraq for approximately four months for various reasons, before the White House officially suspended their transfer three weeks ago.
He pointed out that the second phase involves freezing all Iraqi funds, explaining that Iraq has two accounts in the United States, one at the Federal Reserve Bank and the other at JPMorgan Chase, with warnings that Washington may freeze these assets in both banks. https://1news-iq.net/مسؤول-دبلوماسي-مرحلتان-من-العقوبات-ال/
The President Of The Republic Tasks The Framework Candidate, Ali Al-Zidi, With Forming The New Government: This Entitlement Can No Longer Be Delayed
Baghdad – One News 4/27/2026 President Nizar Amidi announced, based on his constitutional responsibilities, the assignment of the candidate of the largest parliamentary bloc, Ali al-Zidi, to form the new government, stressing that this measure represents the completion of the third stage of the constitutional entitlement that can no longer be delayed.
The President expressed his hope that al-Zaydi would be able to form a strong national government that represents all Iraqis and meets their aspirations, calling on all political forces to support him and cooperate with him to expedite the completion of the constitutional and national entitlement in a way that serves the interest of Iraq and its people.
The ceremony was attended by Speaker of Parliament Mohammed al-Halbousi and a number of political leaders and leaders of the coordination framework, where the handover of the letter of appointment took place in an official atmosphere reflecting the completion of the constitutional process for naming the candidate. https://1news-iq.net/رئيس-الجمهورية-يكلف-مرشح-الإطار-علي-ال/
Washington: We Will Confront Iran's Destabilizing Activities In Iraq And Demand That Baghdad Dismantle The Militias
Baghdad – One News 4/27/2026 Fox News quoted a State Department spokesman as saying that the United States would take “all necessary measures” to counter what he called “Iran’s destabilizing activities in Iraq,” stressing that Washington would act to protect its interests from militias he said were “backed by Iran.”
The spokesman added that his country would continue to express clearly its concern about what he considered the Iraqi government's failure to prevent the attacks, noting that the continuation of these attacks negatively impacts relations between Washington and Baghdad.
The US State Department stressed that it expects the Iraqi government to take serious steps to dismantle Iranian-backed militias within the country, considering that the lack of control over these groups represents a direct threat to regional stability and bilateral relations. https://1news-iq.net/واشنطن-سنواجه-أنشطة-إيران-المزعزعة-في/
Qusay Mahbouba: What We Warned About A Year Ago Has Now Happened, And Washington Has Informed The Coordinating Framework That It Is An “Adversary, Not An Ally”
Baghdad – One News 4/27/2026 The head of the Amarji Party in the Reconstruction and Development Coalition, Qusay Mahbouba, confirmed that what he had been warning about for more than a year has come to pass today, noting that the American government has begun to bare its fangs and is directing a clear message to the Shiite coordination framework that does not accept interpretation, the meaning of which is that you are enemies of the United States and are not friends or allies.
Mahbouba added that those with ambiguous and indecisive positions within the Shiite framework, who imagined that the American classification or pressures would not include them, are now facing a completely different reality.
He explained that there is a big difference between sitting at the table and being a meal at it, considering that the Shiite framework has now become a direct target within the American pressure strategy.
https://1news-iq.net/قصي-محبوبة-ما-حذرنا-منه-قبل-عام-وقع-الآ/
Constitutional Timelines… The State's Safety Valve, According To Judge Faiq Zaidan
Baghdad – One News Constitutional timelines represent one of the most important pillars of constitutional protection, serving as the binding framework that regulates the work of the authorities and ensures the stability of the political system, preventing improvisation or the arbitrary transfer of power.
In this context, the emphasis placed by the President of the Supreme Judicial Council, Judge Faiq Zaidan, is significant, as he stressed that respecting these timelines is not merely a formality, but rather the very essence of the constitution's philosophy and the rule of law.
Exceeding constitutional deadlines cannot be viewed as a mere procedural error; rather, it constitutes a direct attack on the foundations of the legal system, opening the door to an imbalance of power and weakening the authority of the constitutional text. The constitution, in its essence, is not simply a document, but a social contract that defines the course of political action and regulates its pace.
Judge Zeidan warns that neglecting these deadlines undermines public trust in institutions and threatens popular acceptance of the entire political system, especially given the challenges facing countries with emerging democracies. Public trust is not built on slogans, but on strict adherence to constitutional principles.
Adherence to the specified deadlines also prevents legal vacuums or power struggles that political solutions may later be unable to contain, making respect for constitutional timelines a preventive tool to protect the state from crises before they occur.
Hence, the need arises to establish a mature political culture that respects constitutional texts and refrains from attempts to circumvent them to achieve narrow gains, as a stable state cannot be built without a political awareness that believes in the sanctity of the constitution.
Judge Zeidan’s warnings stem from the judiciary’s position as the faithful guardian of the constitution, and the entity that stands at an equal distance from all parties, far from political rivalries, which gives these warnings a national and legal dimension of great importance.
In light of the current transformations, protecting constitutional timelines remains the primary guarantee to prevent the state from sliding into chaos or instability, while adherence to the constitution and responding to the warnings of the judiciary represents the only way to build a state of solid institutions based on law, not on temporary agreements.