Iraq to Pay $60m to Egyptian Workers

By Matthew Gayle.

Egyptian Prime Minister Hesham Qandil has announced that a settlement has been made on the unpaid pension funds worth $60 million for Egyptian workers that once worked in Iraq. According to the Egypt Independent, over 450,000 Egyptian families will benefit from the settlement.

The settlement was reached during a high-level meeting between Minister Qandil’s delegation of ministers and businessmen, and Iraqi senior officials and political leaders in a visit to Iraq this week.

During the talks, Egyptian and Iraqi officials also agreed to extend an Iraqi oil pipeline to Egypt by way of Jordan, supply Egypt with 4 million tons of petroleum per month with a nine-month grace period for payment, and lift a ban on Egyptian dairy products imported into Iraq.

(Source: Egypt Independent)

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