The UAE just waived all of Iraq's debt, totaling $7bn. UAE policies toward Iraq and Iraqi citizens have long been a subject of debate. Iraqi citizens are seldom given permits to enter the country and when they do, rarely do they make it to resident status.
I remember the Government Services Office (at TECOM) specifically warning me that if I canceled a certain employee's visa, they would never be able to re-enter the country again. Policies such as these don't go well with the Iraqi population.
With that being said, the UAE's gesture is a great one. It made me smile and feel good to live in a country that is saying, "Look, I have a lot of money, you need to get back on your feet, let's just call it even, shall we?"
I am not Iraqi, but I thank you, UAE.