The Moscow automaker ZIL's net loss increased by 9.3 percent in the first quarter of 2003 against the same period of 2002 and amounted to nearly RUR318.26m (about $10.36m). ZIL's earnings came to some RUR814.39m ($26.52m) in the first quarter of 2003 against RUR773.43m ($25.19m) in the same period of 2002. The company's product cost was RUR1.33bn ($43.3m) against 976.79m ($31.81m) in the first three months of 2002. In the first quarter of 2003, the automaker's accounts payable grew from RUR6.29bn ($204.83m) to RUR6.6bn ($214.92m).
US President Joe Biden and Iraqi Prime Minister Mustafa Al Qadimi signed an agreement on July 26 to formally end the USA's military presence in the country by the end of the year