Kuwait demonstrated its willingness to invest energy and industry projects with Iraq

[yota691]

Kuwait expresses its readiness to postpone the payment of Iraq's $ 4.6 billion in compensation

 

 

Economy News _ Baghdad:       Showed the State of Kuwait, Tuesday, readiness to examine options for future efforts to ensure the continued payment of Iraq, the amount of US $ 4.6 billion in the framework of compensation for war losses between the two countries in 1990.   The Chairman of the General Authority for Assessment of Compensation for losses of war between the two countries, Khaled Ahmad Al-Mudhaf in a statement seen by "Economy News", "The State of Kuwait reacted positively with the decision taken by the Governing Council of the United Nations Compensation Commission at its last session, the 81 on the second of November 2016 and encouraged both the Kuwaiti and Iraqi governments to cooperate on future options aimed at ensuring the continuation of the payment of this amount in favor of Kuwait. "   Almudaf pointed out that "Kuwait had supported during the special session called for by the Governing Council in December 2014 Resolution 272 (2014) which it requested the brothers in Iraq to postpone the payment of dues payments by taking into account the economic and security difficult circumstances."   He pointed Almudaf, to "the adoption of the Council of the United Nations Compensation Resolution 273 Management (2015), which also postponed Iraq's international obligations to deposit five per cent in the Compensation Fund for an additional year until the first of January 2016 due to the continuing economic and security conditions in Iraq."   He added that "the State of Kuwait supported the third time asked the brothers in Iraq at the 81 session on November 2, 2016, which postponed the process of resumption of the five deposit per cent in the Compensation Fund and other additional year until the first of January 2018 due to the continuing economic and security situation in Iraq."   He added that "Kuwait, Emphasizing the importance of the continuation of the functions and the role of the United Nations Compensation also emphasizes the importance of the completion of the Board of Directors of the responsibilities assigned to it by the Security Council resolutions and decisions of the United Nations Compensation it understands at the same time the security and economic situation in Iraq and here have reacted positively with all previous postponement requests demanded by the brothers in Iraq. "
Views 190   Date Added 25/04/2017 - 12:09   Last updated 25/04/2017 - 13:12   No. Content 7276

[yota691]

Kuwait plans to pay Iraq $ 4.6 billion in compensation

economy

 Since 25.04.2017 at 12:09 (Baghdad time)

Baghdad balances News

Kuwait announced Tuesday its intention to study options for future efforts to ensure the continued payment of Iraq, the amount of US $ 4.6 billion in the framework of compensation for war losses between the two countries in 1990.

The news agency said the Kuwaiti official "KUNA", quoting Chairman of the General Authority for Assessment of Compensation for losses of war between the two countries, Khaled Ahmad Al-Mudhaf, "The State of Kuwait reacted positively with the decision taken by the Governing Council of the United Nations Compensation Commission at its last session, the 81 on the second of November the second 2016 and encouraged both the Kuwaiti and Iraqi governments to cooperate on future options aimed at ensuring the continuation of the payment of this amount in favor of Kuwait. "

He added Almudaf, that "Kuwait was supported during the special session called for by the Governing Council in December 2014 Resolution 272 (2014) which it requested the brothers in Iraq to postpone the payment of dues payments by taking into account the economic and security difficult circumstances."

Abizaid, that "the adoption of the Council of the United Nations Compensation Resolution 273 Management (2015), which also postponed Iraq's international obligations to deposit five per cent in the Compensation Fund for an additional year until the first of January 2016 due to the continuing economic and security conditions in Iraq."

He continued, "The State of Kuwait supported the third time asked our brothers in Iraq in the 81 session on November 2, 2016, which postponed the process of resumption of the five deposit per cent in the Compensation Fund and other additional year until the first of January 2018 due to the continuing economic and security situation in Iraq."

And between that "Kuwait, Emphasizing the importance of the continuation of the functions and the role of the United Nations Compensation also emphasizes the importance of the completion of the Board of Directors of the responsibilities assigned to it by the Security Council resolutions and decisions of the United Nations Compensation it understands at the same time the security and economic situation in Iraq and here have reacted positive with all previous postponement requests demanded by the brothers in Iraq. "

He noted, "the importance of the continuation of the Commission entrusted with the United Nations Compensation role", also stressing "the continuation of the State of Kuwait in cooperation with the Committee to fulfill its international obligations entrusted to it and to be informed of all future discussions."

He explained that "the State of Kuwait is fully prepared to provide the Committee with any assistance to respond to inquiries with respect to the claims of Kuwait before the Iraqi courts, and that in terms of transparency", stressing his country's readiness "to study future options aimed at ensuring the continued payment of Iraq, the amount of US $ 4.6 billion in the framework of compensation loss of aggression ".anthy 29 / a 43

[Wiljor]

Well, as the saying goes...................ahh, it's only money  

[10 YEARS LATER]

What's a few Billion - we're neighbors after all.

[yota691]

Optimism on the strengthening of cooperation between Iraq and Kuwait agreement

4/26/2017 0:00    Two: countries promise in the region are important motors  Baghdad / Farah pumice   With the direction of Iraq and Kuwait to strengthen the joint cooperation between the two countries in various files, especially trade and activating investment, experts believed that the move would achieve significant economic benefits to Baghdad and Kuwait. The financial expert said Thamer al - Azzawi "morning": that "Iraq and Kuwait promise two powers in the region Malitan main points, and if the two can be united in the region are controlled with two." Oil reserves  and noted that in addition to Iraq and Kuwait enjoy major oil stocks, the two countries possess two distinct Strutegeyn and one complements the other, and could be a link between Asia and Europe, as well as the presence of important head of the region 's ports. In turn, the expert pointed out the Kuwaiti lamp Shayji that Kuwait sees Iraq as a force in the region, especially after the fall of the dictatorial regime. Trade said that "cooperation between the two countries is something inevitable, and that the future will be bright to promote trade , " noting that "Kuwait stands with Iraq in its war against terrorism and to support the reconstruction of the liberated areas and help the displaced , which has already started, in addition to the presence of Kuwaiti investors in Iraq." The Planning Minister Salman al - Jumaili said during a meeting with the Minister of Commerce and Industry of Kuwait Khaled Nasser Al - Roudhan in Kuwait last week: "Iraq is a promising market and the task of the fact that he has the technical, human and economic capacity makes him eligible for export , " stressing " the need to lift all that prevent the export barriers materials and products originating in Iraq and Kuwait to the market in order to balance the trade relationship between the two countries and to achieve the common interest. " Gains also stressed " the need to work in order to market this environment within Iraq to ensure that attracting investment and economic opportunities and to encourage Iraqi businessmen to work with Kuwait , " noting that " the most important point in this field is to raise the imam of businessmen, traders and industrialists Iraqis to enter the barriers Kuwaiti territory, as the issue of access to Kuwait , an important obstacle to the development of economic and trade relations between the two brotherly neighbors visa which deprives Kuwait of important economic opportunities where these obstacles , the cause of the failure of economic activity in Iraq , Kuwait and with Iraq while investing countries Other this vacuum and managed to achieve major gains. " The geographical location for his part, stressed the Minister of Commerce and Industry of Kuwait " to seek every effort to invest the geographical location of Iraq in order to open the doors of trade across Iraq to Iran, Turkey, Syria and Jordan and then through these countries to world markets in Asia and Europe , " noting that "open to Iraq fully, and that he was seeking to sign trade and technical and economic cooperation agreements. "

[ChuckFinley]

Thanks Yota, sure would like to know what is up with everyone throwing money at Iraq and postponing repayments.   

[mylilpony]

hmmm kuwait says that iraq still owes 4.6 billion dollars, but other articles have stated that iraq used part of the wb loans of 9 billion to pay off kuwait.

[DWS112]

Kuwait expresses its readiness to study options for Iraq to pay compensation   April 26, 2017

Kuwait confirmed the readiness to study options to ensure Iraq 's continued payment of four billion and US $ 600 million, in the framework of compensation for the losses of the Iraqi aggression against them in 1990, as reported by Al - Qabas newspaper.
The head of the General Authority for Assessment of Compensation Management Khaled Ahmad Al - Mudhaf in a speech before the session 82 of the United Nations Compensation Kuwait responded to the decision taken by the Governing Council of the United Nations Compensation in November of last year, and on encouraging the two countries to cooperate to ensure the continuation of Iraq make the payment of Kuwait.
Almudaf pointed to Kuwait 's support Murar postponement of Iraq 's obligations to deposit five percent in the Compensation Fund due to the continuing economic and security conditions in Iraq, according to the newspaper.
He added that the State of Kuwait emphasizes " the importance of the completion of the Board of Directors of the responsibilities assigned to it by Security Council resolutions and decisions of the United Nations Compensation", expressing his country 's readiness to cooperate with the Commission to fulfill its international obligations entrusted to it and to be informed of all future discussions.

In a later news, an Iraqi official said that Kuwait approved the $ 100 million grant to Iraq to support humanitarian projects and reconstruction efforts in the areas of the organization had been restored "Daesh".
Quoted "Reuters" agency spokeswoman for the restoration of the Iraqi Reconstruction Fund as saying that officials from the two countries signed a grant agreement in Kuwait , the first day on Tuesday.
Said Mustafa Hiti , head of the fund in a statement that the grant agreement encouraging start for further cooperation between Iraq and Kuwait.
The funding aims to rebuild cities and areas liberated from the control of the organization "Daesh", which affected the war against the organization as well as the decline in oil prices on the Iraqi government 's budget with almost total dependence on oil sales.

[Wiljor]

Thanks DWS, seems like we are playing ping pong with these articles as of late. One day it's one thing and the next day another, confusing to say the least but I think that's what they want us to believe, keep everyone confused.  🤔

[yota691]

04-05-2017 02:06 PM

Kuwait demonstrated its willingness to invest energy and industry projects with Iraq

 

 

 

Minister of Finance Agency Essa Abdul Razak discussed with the Kuwaiti ambassador in Baghdad ,Salim Ghassab Zamanan ways to develop bilateral cooperation between the two countries and the file of Iraqi compensation to Kuwait. 

Alissa stressed during the meeting, that " the Kuwaiti - Iraqi relations will be a model for striking in the field of investment , expressing his optimism with an area of understanding and rapprochement between the two brotherly countries." 

For his part , the transfer of the Kuwaiti ambassador to the desire of the State of Kuwait and its companies to invest in development projects that serve Iraq, particularly in the energy, industry and other areas of vital sectors , stressing the two countries went to overcome the file of compensation according to the mechanisms that do not harm the interests of both sides. " 

The Kuwaiti Foreign Ministry confirmed on 25 April , her country 's readiness for future study options aimed at ensuring the continuation of the payment of the Iraqi party amount of US $ 4.6 billion as part of the compensation for the invasion of the former regime of the State of the 1990 losses.

[yota691]

Iraq, Kuwait discuss compensation file and discuss cooperation in the field of investment

04/05/2017

 

 

 

(Independent) .. Research and Minister of Finance Agency Abdul Razzaq al-Issa with the Kuwaiti ambassador in Baghdad, Salim Ghassab Zamanan ways to develop bilateral cooperation between the two countries

Al-Issa said during the meeting that the Iraqi-Kuwaiti relations will be a model for striking in the field of investment, expressing his optimism with an area of understanding and rapprochement between the two countries. For his part, the transfer of the Kuwaiti ambassador to the desire of the State of Kuwait and its companies to invest in development projects that serve Iraq, particularly in the energy, industry and other areas of vital sectors, stressing the two countries went to overcome the file of compensation according to the mechanisms that do not harm the interests of both sides.