Kuwait says still owed $11bn from Iraq war

Gulf state has received almost $2.5bn this year relating to Saddam Hussein’s 1990 invasion

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?

All comments are subject to approval before appearing

Further reading

Features & Analysis
Is Africa's investment dream still on track?

Is Africa's investment dream still on track?

It was the new bright spot for global investors, but widespread...

Markets cheer Saudi deficit-cutting but finances still hostage to oil

Markets cheer Saudi deficit-cutting but finances still hostage to oil

Cost of insuring against a Saudi sovereign debt default fell...

Saudi-Iran crisis, economic woes strain Oman's neutrality

Saudi-Iran crisis, economic woes strain Oman's neutrality

Oman has never found it easy to balance relations with Saudi...

Most Discussed
sponsoredTracking