Iraq says Kuwait approves $100 million grant, first since 1990

(AFP)
Updated 25 April 2017
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Iraq says Kuwait approves $100 million grant, first since 1990

BAGHDAD: Kuwait has approved a $100 million grant for Iraq to support humanitarian and reconstruction projects in areas retaken from Daesh militants, an Iraqi official said on Tuesday.
The grant is the first Kuwaiti financial assistance to Iraq since Baghdad’s occupation of the emirate from August 1990 to February 1991, ordered by then-President Saddam Hussein.
Officials from the two countries signed the grant agreement in Kuwait on Tuesday, a spokeswoman for Iraq’s Reconstruction Fund for Areas Affected by Terrorist Operations said.
“The grant agreement signed today is an encouraging start for further future cooperation between Iraq and Kuwait,” the reconstruction fund chief, Mustafa Al-Hiti, said in a statement.
The fund aims to rebuild cities and territories recaptured from Daesh, the ultra-hard-line jihadist group which declared a “caliphate” over parts of Iraq and Syria in 2014.
The war with Daesh escalated as crude prices tumbled, curtailing the Iraqi government budget as it relies almost exclusively on oil sales.
Saddam was toppled by the US-led invasion of Iraq in 2003. Iraq and Kuwait are now close allies against militant Islam.


Palestinian factions offer support for Gaza technocratic committee

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Palestinian factions offer support for Gaza technocratic committee

  • Palestinian National Transitional Committee to administer Gaza backed by presidency along with Hamas and Islamic Jihad
CAIRO: The majority of Palestinian factions and the presidency offered their support for the Palestinian technocratic committee meant to govern Gaza, after mediator Egypt announced on Wednesday that all parties had agreed on its members.
In a statement, Palestinian factions including Hamas and Islamic Jihad said they had agreed “to support the mediators’ efforts in forming the Palestinian National Transitional Committee to administer the Gaza Strip, while providing the appropriate environment” for it to begin its work.
The Ramallah-based Palestinian presidency also announced its support in official media, with a source from the office telling AFP the statement “reflects the position of the Fatah movement because President (Mahmud) Abbas is also the head of Fatah.”