Description:The flags are flying and preparations continue in Baghdad as Iraq prepares to host its first Arab League summit in decades. The three-day summit is the first of its kind to be held in Iraq in more than 20 years. Security is tight. Last week more than 50 people were killed in Iraq in a wave of bombings across the country. Against this backdrop Arab economic and finance ministers gathered Tuesday, two days ahead of the official opening of the meeting. (1:34)