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UAE writes off Iraq debts

Sheikh Khalifa said the UAE’s decision to write off the Iraqi debts was "genuine expression of brotherhood and solidarity between the two countries. It is also an effort to assist Iraq to execute reconstruction projects and rehabilitation of institutions". He further added that the decision would ease economic burden on the Iraqi people, indicating that the UAE would not delay to back Iraq materially and morally. Sheikh Khalifa noted that "the restoration of security in Iraq is the cornerstone in rehabilitation and resumption of its active regional and international roles", adding that there was a need to assist Iraq to achieve those goals, citing that the UAE has decided to re-open its embassy in Baghdad. He referred to the relative improvement in security in Iraq, adding that such improvement would help success of political process in the country. He called on Iraqi people and political spectrums to back their legitimate government and eschew sectarian violence to help Iraq regain its stability and security. On his Part, the Iraqi Prime Minister, expressed his gratitude to the UAE initiative, saying that "it reflects the fraternity between the two peoples of UAE and Iraq. The UAE’s decision to write off the debts will enhance the credit position of Iraqi economy and spur restoration of security and stability". The two leaders discussed the situation in Iraq and the efforts being exerted by the Iraqi authorities to restore security and stability nationwide. They also tackled the regional issues. Present at the meeting were HH Sheikh Tahnoun bin Mohammed Al Nahyan, representative of ruler in eastern region, HH Sheikh Haza bin Zayed Al Nahyan, National Security Adviser, HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Interior Minister, HH Sheikh Ahmed bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Foundation for Charity and Humanitarian Works, HH Sheikh Mansour bin Zayed Al Nahyan, Presidential Affairs Minister, other Sheikhs, Ministers, Mustafa Kamil, charge de affairs of Iraqi embassy in UAE and high ranking officials.

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