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>Iraq Cuts Budget

>Iraq’s High Economic Committee met on December 16 and cut Iraq’s 2009 budget in the face of sinking oil prices. The committee consists of the ministers of Finance, Oil, Planning, Electricity, Industry, and Trade, along with advisors to Maliki, and experts from the ministries.… Read more

>Sadr’s Predicament

> Sadr’s call for weekly protests against the Status of Forces Agreement failed in both rallying more support and in blocking the deal from passing Recently the U.S. and Iraq signed a Status of Forces Agreement (SOFA), which sets the future relations between the two countries.… Read more

>Drought Leads To Food And Grain Imports

>As reported before, Iraq is facing one of the worst droughts in decades. Rainfall in 2007 was down 40% according to Baghdad. Central and northern Iraq have been hit the hardest in places like Diyala, Ninewa, Dohuk, and Irbil. The Ministry of Agriculture noted that this was exacerbating the shrinking amount of arable land in the country, which is dropping 5% per year.… Read more