Aug ⁠24 (Reuters) - Iraq's Australian coach Graham ⁠Arnold has renewed his contract with the ‌team until 2027, the country's FA said on Monday.

After weeks of speculation, the IFA made the ​announcement at a press ⁠conference attended by ⁠the 63-year-old, confirming he would remain in charge ⁠through ‌the Gulf Cup in Saudi Arabia in September, as well ⁠as the Asian Cup early next ​year.

"I have ‌renewed my contract for six months ⁠and this ​decision is in my best interest and in the best interest of the Iraq ⁠national team, although the ​association offered me a four-year extension," Arnold was quoted as saying by the Iraqi News ⁠Agency.

Arnold guided Iraq to this year's World Cup in the United States, Canada and Mexico, ending a 40-year absence ​from the tournament. However, ⁠Iraq exited at the group stage after ​losing all of their ‌Group I matches against Norway, ​France and Senegal.

(Reporting by Ahmad El Ghannam in Cairo, Editing by)