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Arab Countries, Financial Timeline Saturday, October 11     Author
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UAE to cancel all of Iraq's $7B debt
World News World Financial (148) Arab Countries (327) Business (72) Financial
2006 (1) 2005 (2) 2004 (2) 2003 (11) 2002 (3) 2001 (1)
   Iraq (17)
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Lawmaker: Surplus 'not real money'  Baghdad: Shiite lawmaker Haidre al-Abadi: Iraq's government is pulling its weight to reconstruct its war-torn country Iraq's projected $80b surplus stirs anger


August 2008 ... more > Top ^

Aug.6
Aug.5
   U.S. Congress: U.S. auditors: Iraq is raking in more money from oil exports than it is spending, amassing a projected 4-year budget surplus of up to $80 billion



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


May 2008 ... more > Top ^

May.5 Two die in currency riot
  Somalia: Troops killed at least two people in Mogadishu, when they opened fire to halt riots over rising costs and counterfeit money

January 2008 ... more > Top ^



year 2006 Top ^

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

year 2005 Top ^

Aug.17 IMF: Violence curbing Iraq reconstruction   Washington: The International Monetary Fund gave Iraq a $436 million emergency loan last year to help rebuild the economy May.8 Gulf nations discuss unified currency  Bahrain: Finance ministers from 6 states met to discuss economic integration, including a free trade agreement with the U.S.

year 2004 Top ^

Dec.17 U.S. cancels Iraq's $4.1 billion debt   Washington: The administration urged others to do the same to help the country rebuild Sep.14 Iraq rebuilding funds shifted to security
   Washington: The will shift more than $3 billion earmarked for Iraqi reconstruction to improve security and oil production

year 2003 Top ^

Dec.30   Council member: Saddam hid $40 billion  Iraq: Dr. Iyad Allawi: Saddam Hussein withdrew $2 billion from Iraqi banks last spring Dec.17   Iran 'owed billions for Saddam war'
  Iraq: The head of Iraq's Interim Governing Council al-Hakim says Iran should be paid reparations for the war Dec.16 Joint plan to relieve Iraq debt
   Germany: The U.S., France and Germany have agreed on a plan to provide the Iraqi government with 'substantial' debt relief
Nov.3 Congress passes Iraq budget
   U.S. Congress: The Senate has given final approval to Bush's huge emergency funding package for Iraq and Afghanistan Oct.30 $87 billion approved for Iraq, Afghanistan   U.S. Congress: On a 298-to-121 vote, the House is clearing the way for final Senate approval and a presidential signature Sep.7   Bush to ask 87 billions more for Iraq
   Washington: President has told the American people that Iraq is '"now the central front' in a global war against terrorism
Aug.27 Bremer: Iraq effort to cost tens of billions
   Washington: Iraqi revenue would not be enough to cover economic needs that 'almost impossible to exaggerate'
May.6   $1 billion withdrawal from bank probed  Iraq: Money were taken from Central Bank shortly before the U.S. began bombing the country Apr.17 $20bn bill Iraq war bill for U.S.   Washington: Pentagon's comptroller Dov Zakheim said that the figure is growing by about $2 billion a month Jan.1 Officials consider cost of war with Iraq   Washington: Bush said the U.S. economy 'cannot afford to stand an attack' from Saddam Hussein

year 2002 Top ^

Dec.23   No cash for Iraq war   Germany: Finance minister Hans Eichel said weak economy could not cope with providing any financial assistance to a U.S. strike

year 2001 Top ^

Oct.13 Gulf group freezing terrorist assets  Gulf states will immediately freeze the assets of all the individuals and groups US has named as suspected terrorists



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