Kuwait to give $2 billion in loans, investments for Iraq

Iraqi Prime Minister Haider al-Abadi prepares for a donor's summit at Bayan Palace in Kuwait City, Kuwait, Wednesday, Feb. 14, 2018. Kuwait on Wednesd

Iraqi Prime Minister Haider al-Abadi prepares for a donor's summit at Bayan Palace in Kuwait City, Kuwait, Wednesday, Feb. 14, 2018. Kuwait on Wednesd

Members of a U.S.-led coalition fighting against the Islamic State group pose for a group photograph in Kuwait City, Kuwait, Tuesday, Feb. 13, 2018. M

Members of a U.S.-led coalition fighting against the Islamic State group pose for a group photograph in Kuwait City, Kuwait, Tuesday, Feb. 13, 2018. M

KUWAIT CITY (AP) — Kuwait's ruling emir says his oil-rich nation will give $1 billion in loans and $1 billion in direct investments to help rebuild Iraq.

Sheikh Sabah Al Ahmad Al Sabah made the announcement on Wednesday at a summit seeking donations to help rebuild Iraq after the war against the Islamic State group.

The announcement is in many ways stunning — many at the gathering in Kuwait remember how Iraq under dictator Saddam Hussein invaded Kuwait only a generation ago. It shows Kuwait's deep desire to see its northern neighbor have a stable government after the years of unrest following the 2003 U.S.-led invasion that toppled Saddam.

Overall, Iraq is seeking $88.2 billion in aid from donors.