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Iraq pays 270 million dollars for compensation for the invasion of Kuwait

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Learn about the size of the Kuwaiti debt in the "debt" of Iraq

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GENEVA, Iraq (AP) - Kuwait has disclosed the size of the remaining debts owed to Iraq in the wake of the 1990 events, while appreciating the UNCC's role in distributing compensation quotas for the year.

 

"This year, Kuwait received three installments of compensation of $ 90 million each," said Khalid Al-Mudhaf, chairman of the Public Authority for Compensation Assessment (PAC), at a meeting of the United Nations Compensation Commission in Geneva.

 

"The three payments were made in April, July and October, in accordance with the payment mechanism set out in decision 267 of 2009," he said.

 

He explained that "these payments will be the remaining amount in favor of Kuwait about 4.4 billion dollars and should be paid in the future," pointing out at the same time, "The continuation of filing in the Compensation Fund will bring everyone from the final completion of the Board of Directors and receive full compensation for Kuwait."

He praised the "work of the Governing Council of the United Nations Compensation Commission and its contribution to the completion of the tasks entrusted to it."

The 58th session of the Governing Council of the United Nations Compensation Commission for Kuwait is currently held in Geneva.

https://www.iraqpressagency.com/?p=290925

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KUWAIT: Talks on importing Iraqi gas in final stages

03:31 - 08/11/2018

 
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Baghdad - Mawazine News

Kuwait announced on Thursday that talks with Iraq on the import of Iraqi gas have reached their final stages. 

"Talks with brothers in Iraq on the import of gas are in the final stages," the Kuwaiti daily Al-Rai reported, citing Oil, Electricity and Water Minister Bakhit Al-Rashidi. 

"The readiness of the Ministry of Electricity and Water in all its sectors, especially the maintenance sector, which is spread throughout the country to maintain the continuity of electricity under any circumstances."

The Kuwaiti oil minister announced on December 10, 2017, the agreement with Iraq to import 50 million cubic feet per day of natural gas as a first stage, among former Iraqi Oil Minister Jabbar al-Allaibi that the date of signing the contract is linked to some logistical matters and prices. 

It is noteworthy that the Iraqi government announced in August 2017, negotiating with officials in Kuwait to sell gas instead of paying money as part of the compensation imposed on Baghdad, the invasion of Kuwait in 1990. Ended 29 /

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12 minutes ago, yota691 said:

Kuwait announced on Thursday that talks with Iraq on the import of Iraqi gas have reached their final stages. 

 

This is really big news...

 

B/A

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I like the word "brothers " . Things have come a long way since 1991You go ,Iraq , you go rv at a rate higher than Kuwait . 

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4 hours ago, dinarham said:

I like the word "brothers " . Things have come a long way since 1991You go ,Iraq , you go rv at a rate higher than Kuwait . 

Know that is what I am talking about.  :twothumbs:

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Khalid Al-Mudhaf, Chairman of the Board of Directors of the General Authority for Estimation of Compensation for the Iraqi-Kuwaiti War Losses
  

 money and business


Economy News Baghdad

Iraq will pay 1.5 percent of the proceeds of oil sales to the Compensation Fund of the United Nations Compensation Commission for the Iraq-Kuwait War Losses, the board said on Thursday.

"This step comes within the framework of Board of Directors Decision No. 276 of 2017 and the process of payment operations for the current year 2018," the board said in a statement quoted by Kuwait News Agency.

At the opening of the current session of the Governing Council of the United Nations Compensation Commission, Kuwait expressed its appreciation to the Secretariat of the Committee for its role in the distribution of the assessed rations for this year.

"This year, Kuwait received three payments of $ 90 million each in April, June and October, in accordance with the payment mechanism set out in Resolution 267 of 2009," said Khalid Al Mudhaf, chairman of the Kuwait Compensation Commission. .

"With these payments, the remaining amount for Kuwait is about $ 4.4 billion to be paid in the future," he added.

"Continuation of the deposit in the Compensation Fund will make it possible for all to complete the mission of the Board of Directors and to obtain the full compensation for the Quota," Mudhaf said.

Source: Live Website


Views 11   Date Added 09/11/2018

 
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Iraq pays 1.5% of its oil revenues to the compensation fund "Kuwait War" .. early 2019

Iraq pays 1.5% of its oil revenues to the compensation fund "Kuwait War" .. early 2019
Chairman of the Board of Directors of the General Authority for Estimation of Compensation for the Losses of Iraqi Aggression in Kuwait
 08 Nov 2018 08:16 PM

KUWAIT: Iraq will pay 1.5 percent of the proceeds of oil sales to the compensation fund of the United Nations Compensation Commission (UNCCR) in Kuwait, the board said Thursday.

"This step comes within the framework of the Board of Directors' Decision No. 276 of 2017 and the process of payment operations for the current year 2018," the board said in a statement quoted by Kuwait News Agency .

At the opening of the current session of the UN Compensation Commission, Kuwait expressed its appreciation to the committee's secretariat for its role in distributing the compensation quotas for this year .

Kuwait received three payments of $ 90 million in April, July and October, in accordance with the payment mechanism set out in Resolution 267 of 2009, said the Chairman of the Board of Directors of the General Authority for Assessing the Losses of Iraqi Aggression against Kuwait .

Khalid Al Mudhaf added that with these payments, the remaining amount in favor of Kuwait is about $ 4.4 billion to be paid in the future.

Al-Mudhaf confirmed that the continuation of the deposits in the compensation fund will make it possible for all to complete the task of the Board of Directors and to obtain the full compensation for the property .

He praised the work of the Board of Directors of the United Nations Compensation Commission and contributed to the completion of the tasks entrusted to it .

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Early 2019 .. Iraq pays 1.5% of its oil revenues to the Kuwait War Compensation Fund

08:48 - 09/11/2018

 
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BAGHDAD (Reuters) - 
Iraq will pay 1.5 percent of the proceeds of oil sales to the compensation fund of the commission by the end of next year, the board of directors of the United Nations Compensation Commission (UNMOVIC) announced on Sunday. 
In a statement quoted by Kuwait News Agency (KCNA), Mawazine News said that this step comes within the framework of the Board of Directors' Decision No. 276 of 2017 and the process of payment operations for the current year 2018. 
Kuwait had expressed the opening of the current session of the Governing Council of the United Nations The United Nations Compensation Commission, on Wednesday expressed its appreciation to the Committee's secretariat for its role in the distribution of compensation quotas for this year.
Kuwait has received three payments of $ 90 million each this year in April, July and October, according to the payment mechanism set out in Resolution 267 of 2009, said the Chairman of the Board of Directors of the General Authority for the Estimation of Compensation for the Losses of Iraqi Aggression against Kuwait 
. That the amount remaining in favor of Kuwait is about $ 4.4 billion to be paid in the future. 
Al-Mudhaf confirmed that the continuation of the deposits in the compensation fund will make it possible for all to complete the task of the Board of Directors and to obtain the full compensation for the property. 
He praised the work of the Board of Directors of the United Nations Compensation Commission and contributed to the completion of the tasks assigned to it.

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In the presence of the United Nations .. Iraqi Foreign Ministry handed over "the Kuwaiti Archive" next week

November 07-2018     The time now is 09:24 AM

 

 

Iraq to hand over "Kuwaiti archives" next week
The former Iraqi regime waged a war against Kuwait in 1990
 

Erbil (Kurdistan 24) - The Iraqi Foreign Ministry announced that it will hand over to Kuwait the stolen Kuwaiti radio and television archives during the Iraqi invasion in 1990 next week as part of its commitment to the relevant Security Council resolutions.

A statement by Khajia said Tuesday that Undersecretary Hazem al-Yusufi told Kuwait's ambassador to Baghdad Salim al-Zamanan that Iraq would hand over to Kuwait the batch of Kuwaiti radio, television and archives archives.

According to the statement, this step aims to develop relations in all fields and solve the outstanding problems between the two countries, pointing out that efforts have been made in the research and compilation archives and archives of Kuwait in compliance with the resolutions of the Security Council in this regard and the latest resolution No. 2107 of 2013.

According to the statement, "Iraqi Foreign Minister Mohammed al-Hakim ordered the extradition of the batch of archives of radio, television and archives Kuwaiti to the Kuwaiti side next week."

He pointed out that the handover of the archive will be attended by representatives of the United Nations as an observer of the event.

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Kuwait announces that its discussions with Iraq on the import of Iraqi gas has reached its final stages
Kuwait announces that its discussions with Iraq on the import of Iraqi gas has reached its final stages

KUWAIT (Reuters) - 

Kuwait announced Thursday that talks with Iraq on the import of Iraqi gas have reached their final stages. 

"Talks with brothers in Iraq on the import of gas are in the final stages," the Kuwaiti daily Al-Rai said, citing Oil, Electricity and Water Minister Bakhit Al-Rashidi. 

"The Ministry of Electricity and Water is ready in all its sectors, especially the maintenance sector, which is spreading in all regions of the country to maintain the continuity of electricity under any circumstances." 

The Kuwaiti oil minister announced on 10 December 2017, the agreement with Iraq to import 50 million cubic feet per day of natural gas as a first stage, among the former Iraqi oil minister Jabbar al-Allaibi that the date of signing the contract is linked to some logistics and prices.

The Iraqi government announced in August 2017, negotiating with officials in Kuwait to sell gas instead of paying money as part of the compensation imposed on Baghdad, the invasion of Kuwait in 1990.

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11 minutes ago, nannab said:

Good morning:D

Good Morning nannab...and all of DV...

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Good Morning Yota and everyone:)

 

Yota you are 30 right? with how many years experience do you have at being 30?

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10 hours ago, yota691 said:

Iraqi invasion in 1990

If we go by this day it's 28yrs but don't think they are maybe '94/'95 would put us at 24yrs/25yrs... anyone know when we invaded/dropped sanctions on Iraq?

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11 hours ago, Officiallytook said:

If we go by this day it's 28yrs but don't think they are maybe '94/'95 would put us at 24yrs/25yrs... anyone know when we invaded/dropped sanctions on Iraq?

 

U N security council first imposed economic sanctions on iraq for invading Kuwait on Aug. 6 1990 ....

https://www.globalpolicy.org/previous-issues-and-debate-on-iraq/sanctions-against-iraq.html

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4 hours ago, Officiallytook said:

Thanks boss, sooooooooo.... soon it is

 

O.T.whats the opinion / thought on the date of sanctions , these threads have many pages with different articles going at the same time i get confused easily :rake:

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26 minutes ago, 3n1 said:

 

O.T.whats the opinion / thought on the date of sanctions , these threads have many pages with different articles going at the same time i get confused easily :rake:

We'll it's been 25+ years from the Imf WB they state it takes at least 25yrs to reform your banking politics etc etc ... and then you have them repaying Kuwait all of a sudden... then you have the mysterious HCL which sounds like it maybe pushed through before the senses of the people like someone brought up yesterday if they're anything like America the population will fluctuate drastically, so I figure the ration cards are a way to conduct this before hand...

 

sorry getting off topic a bit but I believe everything is tied together some how...so back to the Original Question...lol...I believe the time is short they are 28 yrs in. For Iraq and the progress they've made and are making specially the past year or two shows a clear indication that we are near the end of our endeavors with this piss pot currency...how quick that will be is anyone's guess. But I doubt the people of Iraq will take much more time. Nor us for that matter...

 

so all in all I've never lost sight, we saw stuff happening that needs to happen and still are a lot of news and educations going out to the people which was pretty much the last line Shabs left us with and we'll 3days to implement...and this 12th is veteran's day... any ounce of hopeium I'll take... and honestly we can only be upset at the time it's taken. If you have been in this long enough your hopes would be as high as mine too ... just due to the fact that we had an outline and they are going through line by line some in the forefront some the shadows but it's getting done... gotta remember this is the next Dubai ... makes me question if we should keep 100k or so of iqd...excuse me its hard to stay on topic with this subject specially with everything going on and all being connected somehow the ins and outs get twisted into themselves lol 

Edited by Officiallytook
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7 hours ago, Officiallytook said:

We'll it's been 25+ years from the Imf WB they state it takes at least 25yrs to reform your banking politics etc etc ... and then you have them repaying Kuwait all of a sudden... then you have the mysterious HCL which sounds like it maybe pushed through before the senses of the people like someone brought up yesterday if they're anything like America the population will fluctuate drastically, so I figure the ration cards are a way to conduct this before hand...

 

sorry getting off topic a bit but I believe everything is tied together some how...so back to the Original Question...lol...I believe the time is short they are 28 yrs in. For Iraq and the progress they've made and are making specially the past year or two shows a clear indication that we are near the end of our endeavors with this piss pot currency...how quick that will be is anyone's guess. But I doubt the people of Iraq will take much more time. Nor us for that matter...

 

so all in all I've never lost sight, we saw stuff happening that needs to happen and still are a lot of news and educations going out to the people which was pretty much the last line Shabs left us with and we'll 3days to implement...and this 12th is veteran's day... any ounce of hopeium I'll take... and honestly we can only be upset at the time it's taken. If you have been in this long enough your hopes would be as high as mine too ... just due to the fact that we had an outline and they are going through line by line some in the forefront some the shadows but it's getting done... gotta remember this is the next Dubai ... makes me question if we should keep 100k or so of iqd...excuse me its hard to stay on topic with this subject specially with everything going on and all being connected somehow the ins and outs get twisted into themselves lol 

They say good apples dont fall till they are ripe ..I think these apples (this investment) are just about ripe and ready to be picked..JMO

Edited by NoviceInvestor
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51 minutes ago, NoviceInvestor said:

They say good apples dont fall till they are ripe ..I think these apples (this investment) are just about ripe and ready to be picked..JMO

Exactly dear Watson My thoughts exactly lol

Edited by Officiallytook
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UNAMI: Iraq's return of shipments of Kuwaiti property "an encouraging step"

one hour ago

 

 

UN praises Iraqi "positive step" towards Kuwait

Iraqi President Barham Salih and Kuwait's Emir Sheikh Sabah Al-Ahmad
 

The United Nations welcomed Tuesday the Iraqi authorities' return of a shipment of Kuwaiti property found in a handover in Kuwait City.

The preparations for the transfer of books and other Kuwaiti materials took more than a year, in an effort to end this file as part of efforts to normalize and resolve all outstanding issues between Iraq and Kuwait.

"This is a positive and encouraging step taken by the Iraqi authorities in compliance with the Security Council resolution," said UN Deputy Secretary-General for Iraq Alice Wolfoule.

"This step shows the determination of the two countries to move forward in strengthening bilateral relations, putting the bitter legacy of the invasion and violence behind them and showing the best of good-neighborly relations," said Wolbol.

The United Nations Assistance Mission for Iraq (UNAMI) has actively participated with Iraq and Kuwait as an observer to facilitate efforts to resolve outstanding issues.

The Deputy Special Representative said that, despite Kuwait's strong support and Iraq's commitment to international and humanitarian obligations, the full normalization of relations would only be achieved once all outstanding issues had been resolved.

UNAMI hailed "Iraq's move on the lost property portfolio and its commitment to resolve all outstanding outstanding issues with Kuwait. The mission acknowledges that the search for the priceless Kuwaiti national archives should continue."

Iraqi President Barham Salih confirmed two days ago that his country had handed Kuwait property and a three-tonne Kuwaiti archive as a first payment.

Ahmed's bracelet

 
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Tuesday 13 November 2018 03:36 PM| Number of readings:

UNAMI welcomes Iraq's return of Kuwaiti property
The United Nations Assistance Mission for Iraq (UNAMI) has welcomed the return of a shipment of Kuwaiti property found to the Kuwaiti authorities in a handover in Kuwait City today, which was attended by the United Nations as an observer.

"This is a positive and encouraging step taken by the Iraqi authorities in compliance with UN Security Council Resolution 2107 (2013)," said Deputy Special Representative of the Secretary-General for Iraq Alice Wallisboul, who demonstrates the determination of the two countries to further promote bilateral relations and the legacy of the bitter legacy of the invasion and violence behind them. Best neighborly relations ".

Preparations for the transfer of Kuwaiti books and other materials took more than a year. His Excellency the Foreign Minister of Iraq, Mr. Mohammed Al-Hakim, has made extraordinary efforts to ensure that this important and complex file of outstanding issues with Kuwait has been expedited since he took office a few weeks ago.

The United Nations Assistance Mission for Iraq (UNAMI) has actively participated with Iraq and Kuwait as an observer to facilitate efforts to resolve outstanding issues. While UNAMI applauds Iraq's move on the lost property portfolio and its commitment to resolve all outstanding outstanding issues with Kuwait, the Mission acknowledges that the search for the priceless Kuwaiti national archives should continue.

The Deputy Special Representative said that, despite Kuwait's strong support and Iraq's commitment to international and humanitarian obligations, the full normalization of relations would only be achieved once all outstanding issues had been resolved. Finished

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