26 May, 2012 AsiaNews.it Twitter AsiaNews.it Facebook         

Help AsiaNews | About us | P.I.M.E. | | Newsletter




Voli Low Cost Roma
Voli Milano




mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato

e-mail this to a friend printable version


» 07/07/2008 14:04
UAE - IRAQ
UAE cancels Iraqi debt and promotes country's reconstruction
The Emirates have decided to write off their loans to Baghdad and reestablish a permanent diplomatic representation, emphasising the relationship of "brotherhood and solidarity". The first signs of the end of Iraqi isolation within the Arab world.

Dubai (AsiaNews/Agencies) - The United Arab Emirates have decided to cancel 7 billion dollars that the government of Baghdad would have had to repay, between interest and back payments. The leadership of the Emirates made the announcement on the occasion of the official visit of Iraqi prime minister al-Maliki. According to a local news agency, sheikh Khalifah bin Zayed al-Nahayan, president of the UAE, emphasises that "the decision to cancel the debts accumulated by Iraq is an expression of brotherhood and solidarity between the two countries and is to help the Iraqi government carry out its reconstruction and rehabilitation plans". In the last three years, the international community has eliminated more than 60 billion of the 120 billion dollars of foreign debt accumulated by Baghdad.

At the same time, the Emirates are planning to send a new ambassador to Baghdad, a decision aimed at mitigating Iraqi diplomatic isolation on the part of the Arab world, following the American invasion and the escalation of violence. Since 2005, after the kidnapping and killing of the Egyptian ambassador, no ambassador from the Arab countries has remained in Iraq on a permanent basis. The UAE withdrew their representative in May of 2006, in response to the kidnapping of an embassy employee for two weeks by Islamic fundamentalists.

For Iraq, other positive signs are coming from the Arab community, including the upcoming visits of King Abdullah of Jordan (the first Arab head of state to set foot again in Iraq after the beginning of the war, in March of 2003) and of Turkish prime minister Erdogan. Saudi Arabia and Bahrain have also been promising for some time to reestablish their diplomatic representation.


e-mail this to a friend printable version

See also
12/17/2009 UNITED ARAB EMIRATES
Abu Dhabi’s sway over Dubai increasing at Tehran's expense
02/24/2009 UNITED ARAB EMIRATES
Dubai exchange rallies after a 20-billion-dollar long-term bond programme is announced
09/21/2004 IRAQ - United Arab Emirates
Colleagues of kidnapped Western contractors plead for their release
03/25/2010 UNITED ARAB EMIRATES
Dubai govt to inject US$ 9.5 billion to reduce Dubai World and Nakheel debt
07/18/2008 KUWAIT – IRAQ
After almost 20 years Kuwait names ambassador to Iraq

Editor's choices
VATICAN - CHINA
"Porta Fidei": the Pope's Apostolic Letter for the Year of Faith now in ChineseA tool to renew the "joy" and " enthusiasm of our encounter with Christ", written shortly before the World Day of Prayer for the Church in China (May 24). The Day and "Porta Fidei" emphasize the importance of understanding the faith and to witness it in public, in unity with the pope.
VATICAN
Pope calls on Chinese Catholics to be faithful to Church and consistent in their faithAt the Regina Caeli, Benedict XVI says that with the ascension, Jesus "has separated from us." A remembrance for victims of attack on Brindisi school and the earthquake in Emilia. An encouragement for the pro-life movement.
CHINA
Chen Guangcheng and Beijing's failure to reform
by Willy Wo-Lap LamIndividuals activists are not China's real challenge, social stability and keeping the Communist Party in power are. Chinese leaders run the risk however of losing control of the huge, expensive and ever-expanding security apparatus they are building. As illustrated by the Bo Xilai case, this could lead to unexpected and disastrous consequences. Here is the analysis of one of the foremost experts of modern China.

Dossier
by Gheddo P. Fazzini G.
pp. 336
by Buono Giuseppe, Pelosi Patrizia
pp. 432
by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
by Lazzarotto Angelo S.
pp. 528
by Bernardo Cervellera
pp. 240
Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.