Saudi Arabia to allocate $1.5 billion for Iraq reconstruction, trade

KUWAIT CITY: Saudi Arabia allocated $1.5 billion for the reconstruction of Iraq as foreign donors pledged billions of dollars at a conference in Kuwait on Wednesday. The pledge from Foreign Minister Adel Al-Jubeir included a $1 billion loan through the Saudi Fund for Development and $500 million in export credit. Kuwait said it

Several countries pledge billions to rebuild Iraq

At a conference Wednesday in Kuwait, countries from around the world pledged to give Iraq billions of dollars in credit, loans, and investments for reconstruction, Reuters reports. After the militant group ISIS took control of much of Iraq in 2014, the country spent years -- with the help of the United

Iraq seeks $90bn for post Daesh reconstruction

KUWAIT CITY: Iraq needs nearly $90 billion to rebuild after three years of war with Daesh, officials said Monday, with large parts of the country in ruins and tens of thousands left homeless. As a three-day international reconstruction conference got underway in Kuwait, officials were seeking pledges from donors and investors

France wants to help rebuild Iraq, but calls for peaceful elections

France's Foreign Minister Jean-Yves Le Drian on Monday urged Iraq to push for national reconciliation with its minority Sunni and Kurd communities ahead of "inclusive" elections. On a visit to Baghdad following its December declaration of victory over the Islamic State group, he said France would play its part in Iraq's

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