Arabic | Kurdish



Kuwait to give $2 billion in loans, investments for Iraq

2018/02/14 | 15:45

(Iraq Now News)-

Date: 2018/02/14 - 2:37 PM

WAAR-DUHOK:

Kuwait’s ruling emir says his country will give $1 billion in loans and $1 billion in direct investments to help rebuild Iraq.

The move is seen as a stunning donation as only a generation ago Saddam Hussein invaded the small, oil-rich nation, AP said.

Sheikh Sabah Al Ahmad Al Sabah said at a donors’ summit at Kuwait City’s Bayan Palace on Wednesday that this assembly of international communities “is reflective of the large loss that Iraq withstood in facing terrorism.” Iraq needed far more donations on Wednesday, the last day of an appeal for funding to come forward at the Kuwait conference.

Overall, Baghdad is seeking $88.2 billion in aid from donors.

Note: The post (Kuwait to give $2 billion in loans, investments for Iraq) appeared first on (Waar Media) and do not necessarily reflect the position of IraqNow.news.
You can read the original text from the source (Waar Media).










Trending Now


⋙ More than 122,000 terrorist facilities destroyed by Russian air force in Syria

⋙ Jamal Khashoggi: The Saudi insider who spoke up for free speech

⋙ Amarinth secures order for Pumps at Rumaila

⋙ Jamal Khashoggi dead following quarrel - Saudi prosecutor

⋙ EXO Singer Lay Reveals New Solo Album, Music Video

Videos - Photos

⋙ EXO Singer Lay Reveals New Solo Album, Music Video

⋙ Turkish FM denies giving Khashoggi case recordings to US officials (video)

⋙ Palestinian photojournalist Mahmud Hams wins award for Gaza protest image


ISIS News

⋙ EXO Singer Lay Reveals New Solo Album, Music Video

⋙ Turkish FM denies giving Khashoggi case recordings to US officials (video)

⋙ ISIS take 700 hostages in US-controlled Syria – Putin

⋙ Syrian Army unleashes powerful assault against ISIS terrorists in southern Syria (video)

⋙ Return of unusual Sufi ceremonies banned under ISIS

⋙ Saudi royal family ‘discussing succession‘ over Khashoggi crisis

⋙ Brisbane priest witnesses the Church and people of Iraq rebuilding after ISIS devastated their country