Iraq: $1.8 billion frozen by Arab countries

Published April 9th, 2001 - 02:00 GMT

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 (

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