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Thursday, October 16, 2003

TAKEAWAY TAKEOVER

McDonald's poised for Iraq invasion

THIS time next year the familiar logo of McDonald's could be popping up on the streets of Baghdad, well-placed commercial and banking sources say.
Among the leading contenders for a franchise of the US hamburger chain is the al-Bunnia family, one of Iraq's wealthiest merchant clans. A source close the al-Bunnias said a deal could be struck in a matter of months.
'McDonald's wants to make a decision but they have yet to visit the country,' he said on the sidelines of a a high-level conference on Iraqi reconstruction being held in London.
McDonald's, which has 34 "restaurants" in neighbouring Kuwait, recently released the 'McArabia' (two grilled chicken patties wrapped in flat bread) -- possibly for a short time only.

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