07 July, 2008

UAE waives $7bn of Iraq's debt

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.

9 comments:

Anonymous said...

I am not an Emirati either.
But I am very proud to live here indeed!

Well done UAE!

fundamentalist said...

What is writing off a $7bn debt when you’re party to siphoning and taxing expats to recover twice if not thrice the same value?

Proud Emirati said...

^^ When u have 60% of ur salary taken away as an income tax then say that !!

A Blessing in Tragedy said...

Why are we giving money away? especially to people who we have no reason to e giving them free money?

Kyle said...

Fundamentalist:

taxing expats

Are you on to something or just sharp shooting in the dark?

DUBAI JAZZ said...

Great gesture by the UAE!

Thank you guys, you are the best!

nzm said...
This comment has been removed by the author.
IYM said...

Blessing in tragedy.. what UAE is doing is ' a blessing in tragedy ' indeed..

Anonymous said...

iym. LOL good one ;)

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