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Financial and Banking News

Aid Flows

Qatar Writes Off Debts Owing from 10 Developing Countries

Qatar's Foreign Ministry announced on 7 October that it was forgiving thedebts owed to it from 10 developing countries in the Middle East and Africa. Thedecision was first announced at the United Nations General Assembly in New Yorkon 5 October. The ten countries, all of whom have condemned Iraq's invasion ofKuwait, are Egypt, Syria, Morocco, Tunisia, Mauritania, Somalia,...