Kuwait “Still Owed $11bn from Iraq War”

By John Lee.

The head of Kuwait’s Compensation Claims Commission, Khaled Al-Mudhaf, has told KUNA news agency that Iraq paid Kuwait $1.3 billion in January and $1.13 billion on 25th April, as part of the compensation due for the invasion in 1990.

Arabian Business reports that during a speech at the Geneva-based UN Compensation Commission, he demanded that Iraq continue to deposit 5 percent of its oil revenues into the compensation fund as a guarantee for future payments.

The UN compensation body ruled that Kuwait was owed a total of $41 billion; Iraq has so far handed over about $30 billion of this, leaving a balance of $11.2 billion still to be paid.

(Sources: Arabian Business, Arab Times)

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