Fearing fiscal collapse, Iraq requests Gulf funds - Arabianbusiness:
Iraq's new finance minister was in Saudi Arabia on Saturday seeking emergency funds to stave off an impending financial crisis brought on by collapsing oil prices.
In his first trip abroad since becoming minister, Ali Allawi met the Saudi finance, energy and foreign ministers in Riyadh on Friday, Iraqi state media reported.
In an interview with state television before his departure, Allawi said his priority would be to secure funds to plug gaps in Iraq's budget.
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