UAE cancels Iraqi debt

By Qassim Abdul-Zahra The Associated PressArticle Last Updated: 07/06/2008 10:02:53 AM MDT ABU DHABI, UNITED ARAB EMIRATES — The United Arab Emirates canceled all its Iraqi debt Sunday and moved to restore a full diplomatic mission in Baghdad by naming a new ambassador. The move is part of a recent warming between Iraq's Shiite-led government and its mostly Sunni Muslim neighbors. Washington has pushed Gulf states like the UAE to restore ties with the war-torn country. Jordan named an ambassador last week, and Kuwait and Bahrain say appointments are imminent. The Emirates' official news agency quoted the country's president Sunday as saying the UAE was canceling all $4 billion in...

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