Iraqi parliament members elected the new president of the country last week after a lot of conflict between the political movements, so that the President Latif Rashid will oblige the new prime minister to form a government based on the law.

The Associated Press news agency called last week's event the beginning of the way to end the many problems in Iraq, especially after the resignation of Muqtada Sadr, the leader of the Sadr movement.

Referring to the issue of sharing power and wealth in Iraq between ethnic and religious organizations, this news agency has warned that new problems may arise among political movements during the period of trying to form a new government in Iraq.

Renad Mansour, a researcher of Iraq issues at the Chatham House think tank in London, believes that the Iraqi political blocs are mostly competing to dominate and divide the country's resources. The Associated Press has also pointed out that Iraq currently has 87 billion dollars of oil money in the country's central bank, which can be used to build infrastructure and help the country's development if a government is formed and political problems are resolved.

Ali Bidar, an Iraqi political analyst, called the easy election of the new Iraqi president as a progress in the government formation process, but he emphasized that there are more difficult steps ahead.

Renad Mansour has no hope over better situation for the Iraqi people after the election of the president and prime minister of this country. He told the Associated Press: "The lives of the people of the country will not change as it did not in the past."

Iraqi legislators have elected Kurdish politician from the Patriotic Union of Kurdistan (PUK) Latif Rashid as the country’s new president on Thursday.

Rashid has been elected as the fourth president of Iraq since 2003, winning both rounds of voting in the Iraqi parliament in a race with Barham Salih.

Under an unofficial agreement dating back to the 2003 US-led invasion, Iraq’s presidency – a largely ceremonial role – is held by a Kurd, while the prime minister is Shia and the parliament speaker is Sunni.

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