Investment and development pledges for Iraq at $30 billion - Kuwaiti Foreign Minister

Investment and development pledges for Iraq at $30 billion - Kuwaiti Foreign Minister

Speaking at the International Conference for the Reconstruction of Iraq now being held in Kuwait, the Emir announced his intention to lend $1 billion to Iraq and invest a further $1 billion in the country. "It can not be undertaken alone, which calls us to the global community to take part of this mission", he said on the last day of the conference in Kuwait City.

Overall, Baghdad is seeking $88.2 billion in aid from donors. Kuwait's Ministry of Foreign Affairs said a total of $30 billion had been secured at the conference.

The pledge came as a surprise as Iraq is also set to resume payments to fully meet the $4.6 billion still owed to Kuwait in reparations for the destruction of oil production during the Gulf War.

The United States also announced that it would be offering a $3 billion credit line but was not providing direct government assistance.

Meghan Markle Shows Support for British Designers During Stylish Trip to Scotland
Later in the day, Harry and Meghan visited Social Bite, a social business and café located in Edinburgh's New Town. Harry gave Cruachan IV an affectionate pat while Meghan kept a slightly more cautious distance away.

At the press conference, Tillerson commented extensively on the months-long political crisis pitting Qatar against a four-nation bloc led by Saudi Arabia.

Speaking at a conference on reconstruction of the war-torn country, he also said Iraq planned to boost its crude oil production capacity to 7 million barrels per day by 2022, from 5 million bpd at present.

The announcement is in many ways stunning - many at the gathering in Kuwait remember how Iraq under dictator Saddam Hussein invaded Kuwait only a generation ago.

Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah met on Tuesday with EU Foreign Policy Chief and Vice President of the European Commission, Federica Mogherini on the occasion of her visit and participation in the International Coalition Against IS conference and Kuwait International Conference for the Reconstruction of Iraq (KICRI), hosted in Kuwait this week. It shows Kuwait's deep desire to see its northern neighbour have a stable government after the years of unrest following the 2003 US -led invasion that toppled Saddam.

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