Saudi Arabia to Invest $3bn in Iraq

By John Lee.

Saudi Arabia's sovereign wealth fund has reportedly capitalised its new Iraq fund with $3 billion.

The Saudi-Iraqi Investment Company, which will have its headquarters in Saudi Arabia, is part of a $24-billion initiative announced last year.

According to Alarabiya, the acting CEO will be Muteb Alshathri.

More here.

(Source: Alarabiya)

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