Keyword: iraqdebt

Brevity: Headers | « Text »
  • UAE cancels Iraq's debts

    07/06/2008 9:01:12 AM PDT · by knighthawk · 5 replies · 14+ views
    Radio Netherlands ^ | July 06 2008
    The United Arab Emirates has written off debts of close to 4.5 billion euros owed by Iraq. It is the first country in the Gulf region to take such a step. In recent months, the United States has been urging Arab governments to support Iraq's recovery by joining Western nations in forgiving their share of Iraqi foreign debts. It is estimated that Iraq's total foreign debt comes to just over 50 billion euros.