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Middle East, Financial Timeline Saturday, November 15     Author
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UAE to cancel all of Iraq's $7B debt
World News Business (422) Financial (148) Middle East
2007 (1) 2006 (1) 2005 (2) 2003 (5) 2002 (4) 2001 (7) 2000
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Lawmaker: Surplus 'not real money'
Aug.6   Baghdad
  Shiite lawmaker Haidre al-Abadi: Iraq's government is pulling its weight to reconstruct its war-torn country



July 2008 ... more > Top ^

Jul.6   United Arab Emirates
  Dubai has forgiven the nearly $7 billion Baghdad owes it, Iraqi Prime Minister al-Maliki announced


April 2008 ... more > Top ^

Apr.30   Iran Iran dumps U.S. dollar for oil trades
  Iran has stopped conducting oil transactions in U.S. dollars in a concerted attempt to reduce reliance on Washington


year 2007 Top ^

Nov.18   Iran   Ahmadinejad dismisses US currency
  Iranian President has suggested an end to the trading of oil in US dollars, calling the currency 'a worthless piece of paper'


year 2006 Top ^

Feb.19   West Bank   Abbas warns of financial crisis
  Palestinian leader has said the Palestinian Authority is facing a 'real financial crisis'


year 2005 Top ^

May.8   Bahrain Gulf nations discuss unified currency
  Finance ministers from 6 states met to discuss economic integration, including a free trade agreement with the U.S.

year 2003 Top ^

Dec.30   Iraq   Council member: Saddam hid $40 billion
  Dr. Iyad Allawi: Saddam Hussein withdrew $2 billion from Iraqi banks last spring Dec.17   Iraq   Iran 'owed billions for Saddam war'
  The head of Iraq's Interim Governing Council al-Hakim says Iran should be paid reparations for the war May.27   Iraq U.S. forces find suspected gold cache
  For the second time in a week, troops have discovered gold bars hidden in a truck May.6   Iraq   $1 billion withdrawal from bank probed  Money were taken from Central Bank shortly before the U.S. began bombing the country Mar.20   Israel   US offers Israel 10 billions in aid  The US has offered an aid to bail Israel out of the worst economic crisis in its history

year 2002 Top ^

Oct.27   Jerusalem   Sharon faces possible budget showdown  Prime Minister told members of his Cabinet that they must vote in favor of his proposed austerity budget Jul.10   Iran Iran sells first bond since 1979  Iran borrowed 500 million euros via an international bond sale. Borrowing cost was higher than it had hoped

year 2001 Top ^

Oct.13   Gulf Gulf group freezing terrorist assets  Gulf states will immediately freeze the assets of all the individuals and groups US has named as suspected terrorists Apr.15   Turkey Crisis plan defended  Kemal Dervis, economy minister, is very confident his new reform package can save Turkey Apr.7   Turkey Protest against economic policy  Thousands demonstrates against government's handling of an economic crisis that has cut the value of lira by 40% Feb.26   Turkey   Turkey moves to stabilise currency  IMF to review a 3-year anti-inflation programme backed by $11 billion Feb.24   Turkey New economic measures  Prime Minister Ecevit has resisted calls for a government reshuffle. He promised new measures to combat the crisis economy Feb.22   Turkey Turkey floating its currency
  Labour and business groups have called for a government shake-up as workers fear serious hardship Feb.21   Turkey Money market crisis
  Banks rushed to buy billions of dollars, shares on the main index have lost 29%

year 2000 Top ^





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