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October 6, 2008 11:28:36 PM CDT

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United Arab Emirates Cancels Iraq's $7B Debt

Posted Jul 7, 08 4:31 AM CDT in World 

(Newser) – Iraq's diplomatic isolation among its Arab neighbors is easing, reports the BBC. The United Arab Emirates canceled Iraq's entire debt of close to $7 billion and appointed a new ambassador, while Jordan's King Abdullah will become  the first Arab head of state to visit Iraq since 2003, boosting the Baghdad government's standing in the region.

Correspondents in the region say Iraq's Sunni neighbors have been unwilling to establish close ties with Iraq's mainly Shia government. But the US has been pushing its Arab allies to bolster the government of Iraq Prime Minister Nouri al-Maliki.

Source BBC

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Jordan's King Abdullah welcomes visiting Iraqi Prime Minister Nuri al-Maliki at the Beit al-Baraka Royal Palace in Amman. King Abdullah is expected to be the first Aran head of state to visit Iraq.   (AP Photo/Awad Awad, Pool)
The government of Nouri al-Maliki, Iraq's Prime Minister, has been boosted by the UAE's decision to cancel $7B in debt.   (AP Photo/Hadi Mizban)
There are signs Iraq's diplomatic isolation may be easing for the first time since the US led invasion.   (AP Photo/Hadi Mizban)
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Iraq  • Nouri al-Maliki  • King Abdullah  • Jordan  • Sunnis  • Shia  • United Arab Emirates


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