| 2007: Saudi wipes Iraq's debt |
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August 19 Iraq's Finance Minister Bayan Jabor has revealed Saudi Arabia has agreed to wipe off most of the $15.5bn the war-ravaged country owes the kingdom, reported the Dow Jones newswires. Saudi Foreign Minister Saud Al Faisal said earlier this year that the kingdom had not, as yet, made any pledge to forgive Iraq's debt but talks were ongoing. Russia has also stated that it will write off around $13bn. Source: AME Info.com |
