Kuwait says still owed $11bn from Iraq war

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Kuwait says it has received $2.43bn in reparation payments from Iraq since the start of this year for its 1990 annexation, but is owed a further $11.2bn.

Compensation Claims Commission chief Khaled Al-Mudhaf told the official KUNA news agency that the Gulf state was paid $1.3bn in January and $1.13bn on April 25. The payments relate to Saddam Hussein’s invasion of the oil-rich nation, which culminated in the first Persian Gulf War.

During a speech at the Geneva-based UN Compensation Commission, Mudhaf demanded Iraq continue to deposit 5 percent of its oil revenues into the compensation fund as a guarantee for future payments.

After Iraqi troops were thrown out of Kuwait in 1991 following a seven-month occupation, the UN compensation body deemed that the invaded country was owed $41bn. Iraq has so far handed over about $30bn of this sum.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: jonjon

i wonder if the UN compensation body has a fund for palestine?

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Iran's window to the world

Iran's window to the world

Even if US-led sanctions against Iran are removed, it will take...

Saudi Arabia's Yemen gamble may define its regional role for years

Saudi Arabia's Yemen gamble may define its regional role for years

Success in Yemen would establish Riyadh as de facto leader of...

Events that moved the markets

Events that moved the markets

What, if anything, have we learnt from past crises that have...

Most Discussed