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Tag Archives | UNCC

Another $990m Compensation Paid to Kuwait

By on 27th April 2014 in Iraq Industry & Trade News, Security

By John Lee. The United Nations Compensation Commission has paid $990 million to Kuwait resulting from Iraq's 1990 invasion of the country. The payment brings the total paid so far to $45.5 billion, leaving approximately $6.9 billion remaining to be paid. (Source: United Nations Compensation Commission) (Dollars image via Shutterstock)

UN Pays Out $880m in Reparations for Iraq’s Invasion of Kuwait

By on 29th April 2011 in Iraq Industry & Trade News

The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq’s 1990 invasion of Kuwait, made $880 million available to nine successful claimants on Thursday. The latest round of payments brings the total amount of compensation disbursed by the Commission to $32.2 billion for more than 1.5 […]