Business | Investment

Iraqi debts to Kuwait to be turned into investment projects

Iraq's debts to Kuwait are to be reallocated as investments inside Iraq, said Iraqi Parliament Speaker Eyad Al Samarrai during a visit to Kuwait on Thursday.

  • Staff Report
  • Published: 16:26 July 9, 2009
  • Gulf News

Kuwait: Iraq's debts to Kuwait are to be reallocated as investments inside Iraq, said Iraqi Parliament Speaker Eyad Al Samarrai during a visit to Kuwait on Thursday.

Al Samarrai said that he has presented a proposal to Kuwaiti officials, which suggested that Iraq's debts will be turned into investment projects within the country.

“Kuwait has agreed that the compensations are turned into investments inside Iraq,'' the Al Watan newspaper reported.

Al Samarrai added that the idea was welcomed and that the Kuwaiti side will study the proposal's feasibility.



  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Investment

  1. Lord of the Dubai golf fairways

  2. Knocked down but recovering

  3. Analysis of past mistakes a prerequisite to success

  4. Buffett's latest big ticket investment

All articles in Investment

More from Business

Gulf News
Popular in Business
Precious jump
General

Precious jump

Gold prices at new high as India's central bank buys $6.7b worth of gold

Business Editor's choice