UAE to invest $3 billion in Iraq

The UAE said it was investing $3 billion in Iraq to explore new partnerships and accelerate the growth of the conflict-ridden country.

Iraqi premier Mustafa Al-Khadimi visited the UAE on Sunday, where he discussed partnership prospects between the two countries.

Al-Khadimi met with UAE leaders, including Dubai ruler Mohammed bin Rashid Al-Maktoum and Abu Dhabi Crown Prince Mohammed bin Zayed bin Sultan Al-Nahyan during his visit.

Both countries agreed to grow economic cooperation and accelerate trade and investment exchanges.

The pair also announced the formation of the Iraqi-UAE Business Council to boost cooperation.

Among the common interests for Iraq and the UAE were security and defense, as well as cooperation in the field of sustainable energy