UAE Scraps Iraq Debt


	UAE Scraps Iraq Debt

sahara

7-6-2008 11:56 AM

198 views

tags:

iraq, uae, debt

sahara says:

What a generous move. Seriously!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/47d9b27a-299b-43f6-a55d-1cef5de18a74/B6A195A5-F48B-481A-8C5E-5057B8F91EAD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.breitbart.com/article.php?id=080706144443.vk6nq9w4&show_article=1" href="http://www.breitbart.com/article.php?id=080706144443.vk6nq9w4&show_article=1" style="font-size: 11px;">www.breitbart.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=080706144443.vk6nq9w4&show_article=1">The United Arab Emirates said on Sunday it was waiving Iraq's debt of nearly seven billion dollars and also named an envoy to Baghdad during a visit by Iraq's premier to the oil-rich Gulf state</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=080706144443.vk6nq9w4&show_article=1">             President <A rel="nofollow" href="http://search.breitbart.com/q?s=Sheikh%20Khalifa&sid=breitbart.com" class="lingo_link">Sheikh Khalifa</A> bin Zayed al-Nahayan told Nuri al-Maliki the UAE has "decided to write off all debts owed by Iraq totalling four billion dollars... plus accrued interest," the official WAM news agency said.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=080706144443.vk6nq9w4&show_article=1">              An Emirati official, confirming the decision, told AFP the debt and interest amounted to just under seven billion dollars.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=080706144443.vk6nq9w4&show_article=1">             The UAE, a close US ally, also named its current envoy to India as ambassador in Baghdad, an Emirati official said</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=080706144443.vk6nq9w4&show_article=1">             Before the UAE announced the debt writeoff, the US State Department had said Iraq's debt has been reduced by 66.5 billion dollars over the past three years, including a total of 42.3 billion dollars cancelled by Paris Club members</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=080706144443.vk6nq9w4&show_article=1">50 billion to 80 billion dollars remain, with a "significant majority" owed to Arab countries.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B6A195A5-F48B-481A-8C5E-5057B8F91EAD/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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