Sponsored by

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

 Saudi Arabia gives Iraq <img class=

RIYADH (Reuters) - Saudi Arabia's King Salman is giving Iraq $1 billion 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)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Your guide to the latest election news, analysis, commentary, live updates and schedule for Lok Sabha Elections 2019 on firstpost.com/elections. Follow us on Twitter and Instagram or like our Facebook page for updates from all 543 constituencies for the upcoming general elections.

Updated Date: Apr 04, 2019 02:05:08 IST