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
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.
More from Investment
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
