Iraq: $1.8 billion frozen by Arab countries
Iraqi assets frozen by Arab countries since Baghdad's 1990 invasion of Kuwait now amount for more than $1.8 billion, Finance Minister Hekmat Al-Azzawi said Friday, April 6.
The top holder of Iraqi assets is Saudi Arabia, where $652.7 million are frozen, said Azzawi, quoted by the official Iraqi News Agency, INA .
He said Syria held $499.8 million in Iraqi assets, followed by Bahrain with $359.9 million, Kuwait with $213.1 million, Somalia with $97.7 million, United Arab Emirates with $18.8 million and Egypt at $2.8 million.
Baghdad regularly demands that the Arab countries restore assets frozen since UN sanctions were imposed on Iraq in 1990. — (AFP, Baghdad)
© Agence France Presse 2001
© 2001 Mena Report (www.menareport.com)