UAE waives 7 bn dollar Iraq debt
The United Arab Emirates has decided to waive Iraq's debt of just under seven billion dollars, officials said on Sunday as Iraqi Prime Minister Nuri al-Maliki visited the oil-rich Gulf state.
By Agencies |
ABU DHABI: The United Arab Emirates has decided to waive Iraq's debt of just under seven billion dollars, officials said on Sunday as Iraqi Prime Minister Nuri al-Maliki visited the oil-rich Gulf state.
President Sheikh Khalifa bin Zayed al-Nahayan told Maliki that the UAE has "decided to write off all of Iraq's debts totalling four billion dollars ... plus accrued interest," the official WAM news agency said.
An Emirati official, confirming the decision, told AFP the debt and interest amounted to just under seven billion dollars.
President Sheikh Khalifa bin Zayed al-Nahayan told Maliki that the UAE has "decided to write off all of Iraq's debts totalling four billion dollars ... plus accrued interest," the official WAM news agency said.
An Emirati official, confirming the decision, told AFP the debt and interest amounted to just under seven billion dollars.
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