BREAKING NEWS
This content is not available in your region

Saudi Arabia gives Iraq $1 billion grant - state TV citing minister

Text size Aa Aa

RIYADH (Reuters) – Saudi Arabia’s King Salman is giving Iraq $1 billion (£760.2 million) to build a sports city, state television said on Wednesday, citing the kingdom’s commerce minister.

Riyadh has been wooing Baghdad as part of an effort to stem the growing regional influence of Iran, while Iraq is seeking economic benefits from closer ties with its southern neighbour.

(Reporing by Stephen Kalin, Editing by William Maclean)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.