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.

Related:
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
Women edge into Gulf boardrooms as economies, societies shift

Women edge into Gulf boardrooms as economies, societies shift

Amina al-Rustamani, CEO of TECOM Investments, is leading the...

2
Concerned for stability, Saudi Arabia tightens curbs on dissent

Concerned for stability, Saudi Arabia tightens curbs on dissent

Gulf kingdom intensifies crackdown on domestic dissent, raising...

Frustrated Kuwaitis ask, why is Kuwait falling behind?

Frustrated Kuwaitis ask, why is Kuwait falling behind?

Citizens wonder why oil producer Kuwait is not as dynamic a hub...

4
Most Discussed