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| BAGHDAD / NINA / A Kuwaiti official source announced that Iraq will hand over compensation of Kuwait Airways early next week. The Kuwaiti Foreign Minister, Sabah Al-Khalid announced the approval of Kuwait to settle the issue of compensation of Kuwait Airways in 23 , October 2012, and Emir of Kuwait signed an Emiri Decree approving the financial settlement reached between the two sides where Iraq pays / 500 / million dollars in final compensation to Kuwait Airways. / End http://www.ninanews.com/english/News_Details.asp?ar95_VQ=GFJKME | |
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BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
chouchou- Moderator
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- Post n°1
Kuwaiti official: Iraq pays Kuwait Airways' compensation next week.
by chouchou Sun 20 Jan 2013, 5:45 am
wciappetta- NNP TEAM
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Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
by wciappetta Sun 20 Jan 2013, 6:45 am
I think this will set off a chain of events in our favor... This is probably being timed as a precursor to the signing of the nine agreements with Kuwait.
What was that line in the movie? Show me the money!
What was that line in the movie? Show me the money!
_________________
Even to your old age, I will be the same and I will bear you up when you turn gray.
I have made you, and I will carry you; I will sustain you and deliver you. -Isaiah 46:4
Screwball- Interacting Investor
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- Post n°3
Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
by Screwball Sun 20 Jan 2013, 6:46 am
hmmmm.so when was this signed??
Emir of Kuwait signed an Emiri Decree!!!!!
Emir of Kuwait signed an Emiri Decree!!!!!
wciappetta- NNP TEAM
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Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
by wciappetta Sun 20 Jan 2013, 6:53 am
October of last year I believe ...
_________________
Even to your old age, I will be the same and I will bear you up when you turn gray.
I have made you, and I will carry you; I will sustain you and deliver you. -Isaiah 46:4
mochasmom- Interacting Investor
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- Post n°5
Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
by mochasmom Sun 20 Jan 2013, 7:30 am
Yes Ward I think you are right, give them the money first at the current rate then BAM...the RV next month!
lonelyintexas- Interacting Investor
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- Post n°6
Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
by lonelyintexas Sun 20 Jan 2013, 8:27 am
Great article, looks like pay the compensation on the airways, then sign the agreements, then have a meeting and bam. Well sounds good anyway. Here's to Iraq carry through.
Thanks
LIT
Thanks
LIT
Hkp1- Interacting Investor
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Join date : 2012-12-19
- Post n°7
A Kuwaiti source: Iraq recognizes Kuwait Airways awards this weekend
by Hkp1 Sun 20 Jan 2013, 11:15 am
A Kuwaiti source: Iraq recognizes Kuwait Airways awards this weekend
20/01/13 06: 23
Kuwaiti officials said that Iraq hand over compensation to Kuwait Airways early next week.
The
Kuwaiti Foreign Minister Sabah Al-Khalid said Kuwait agreed to settle
the issue of compensation to Kuwait Airways on 23 October, the Emir of
Kuwait signed a decree decree to approve financial settlement reached
between the two sides so that Iraq pays $ 500 million as a final
compensation to Kuwait Airways.
http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.imn.iq%2Fnews%2Fview.18060%2F
20/01/13 06: 23
Kuwaiti officials said that Iraq hand over compensation to Kuwait Airways early next week.
The
Kuwaiti Foreign Minister Sabah Al-Khalid said Kuwait agreed to settle
the issue of compensation to Kuwait Airways on 23 October, the Emir of
Kuwait signed a decree decree to approve financial settlement reached
between the two sides so that Iraq pays $ 500 million as a final
compensation to Kuwait Airways.
http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.imn.iq%2Fnews%2Fview.18060%2F
Hkp1- Interacting Investor
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Join date : 2012-12-19
- Post n°8
Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
by Hkp1 Sun 20 Jan 2013, 11:16 am
wciappetta wrote:October of last year I believe ...
You're correct Ward, ... It was signed 23rd Oct :) ... Nice find Chouchou, Thanks for posting!!!
onecinful1- Understood Investor
- Posts : 128
Join date : 2013-01-09
- Post n°9
Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
by onecinful1 Sun 20 Jan 2013, 4:25 pm
here's 1 of the many original articles, Emir signing a decree of the settlement between Iraq/Kuwati airline deal
Amiri Decree okays KAC-Iraqi
Airways financial settlement[/size][/size][size=9][size=9]
thursDAY, OCTOBER 25, 2012
KUWAIT: [/size][/size]His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah signed Decree No. 23 for 2012, endorsing a deal on the settlement of the financial dispute between the Government of the State of Kuwait and the Government of the Republic of Iraq. The Amiri Decree, published in Kuwait Gazette on Tuesday, is based on the presentation made by Kuwait Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah and Minister of Communications Salem Al-Othaina. It approves the pact reached by the two sides on July 18, 2012, to settle the financial dispute Kuwait Airways Corporation (KAC) and Iraq Airways and stop litigations in this regard. The decree shows that KAC filed a number of lawsuits against Iraqi Airways, the Government, the Ministry of Finance, the Ministry of Transport and other state institutions in Iraq, claiming damages from the Iraqi side. Out of keenness on the sisterly ties, the two countries reached a five-point deal on July 18, 2012, in the State of Kuwait. To become effective, the deal required an endorsement by an Amiri decree pursuant to second paragraph of Article 70 of Kuwait Constitution, the note reads. It is in the best interests of Kuwait in the current delicate state to step up the legislative and executive measures relating to the enforcement of the deal and meet its obligations. As Article 71 of the Constitution allows adoption of decrees with the force of law in case of the absence of the National Assembly (parliament of Kuwait), it was necessary (for the political leadership) to adopt the decree in question to avoid missing the ultimatum for the endorsement of the deal which is about to elapse. The five-point pact provides that the Kuwaiti Ministry of Communications arranges the final settlement of KAC’s claims for damages from Iraqi Airways in a friendly way. The two airlines have to inform their respective international lawyers to stop the litigation process, pending the completion of the final settlement. The Iraqi airline has to pay 500 million US dollars in damages to KAC, including $300 million in a bank to be designated by KAC under an Escraw arrangement, and $200 million to be paid to KAC in the first half of 2013. Kuwait’s Ministry of Communications and Iraq’s Ministry of Transport should finalize the legal procedures relating to the implementation of the deal within three months starting from the signing date. Finally, the accord annuls the deal reached by the two sides on March 14, 2012, without leaving any legal impacts. -KUNA
http://watanpdf.alwatan.com.kw/alwatanPDF/WatanDaily/2012-10-25/2.pdf
notice: 500 million USD's
Amiri Decree okays KAC-Iraqi
Airways financial settlement[/size][/size][size=9][size=9]
thursDAY, OCTOBER 25, 2012
KUWAIT: [/size][/size]His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah signed Decree No. 23 for 2012, endorsing a deal on the settlement of the financial dispute between the Government of the State of Kuwait and the Government of the Republic of Iraq. The Amiri Decree, published in Kuwait Gazette on Tuesday, is based on the presentation made by Kuwait Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah and Minister of Communications Salem Al-Othaina. It approves the pact reached by the two sides on July 18, 2012, to settle the financial dispute Kuwait Airways Corporation (KAC) and Iraq Airways and stop litigations in this regard. The decree shows that KAC filed a number of lawsuits against Iraqi Airways, the Government, the Ministry of Finance, the Ministry of Transport and other state institutions in Iraq, claiming damages from the Iraqi side. Out of keenness on the sisterly ties, the two countries reached a five-point deal on July 18, 2012, in the State of Kuwait. To become effective, the deal required an endorsement by an Amiri decree pursuant to second paragraph of Article 70 of Kuwait Constitution, the note reads. It is in the best interests of Kuwait in the current delicate state to step up the legislative and executive measures relating to the enforcement of the deal and meet its obligations. As Article 71 of the Constitution allows adoption of decrees with the force of law in case of the absence of the National Assembly (parliament of Kuwait), it was necessary (for the political leadership) to adopt the decree in question to avoid missing the ultimatum for the endorsement of the deal which is about to elapse. The five-point pact provides that the Kuwaiti Ministry of Communications arranges the final settlement of KAC’s claims for damages from Iraqi Airways in a friendly way. The two airlines have to inform their respective international lawyers to stop the litigation process, pending the completion of the final settlement. The Iraqi airline has to pay 500 million US dollars in damages to KAC, including $300 million in a bank to be designated by KAC under an Escraw arrangement, and $200 million to be paid to KAC in the first half of 2013. Kuwait’s Ministry of Communications and Iraq’s Ministry of Transport should finalize the legal procedures relating to the implementation of the deal within three months starting from the signing date. Finally, the accord annuls the deal reached by the two sides on March 14, 2012, without leaving any legal impacts. -KUNA
http://watanpdf.alwatan.com.kw/alwatanPDF/WatanDaily/2012-10-25/2.pdf
notice: 500 million USD's
lonelyintexas- Interacting Investor
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Join date : 2012-12-19
Location : San Antonio
- Post n°10
Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
by lonelyintexas Mon 21 Jan 2013, 3:12 pm
Ok, so this compensation has been paid, so now we should look for the signing of agreements next in February. We are moving forward.
Thanks
LIT
Baghdad/NINA /--An official source announced that Kuwait received compensation half a billion dollars from Iraq to Kuwait Airways.
The Kuwaiti Foreign Minister Sabah Al-Khalid announced the approval of Kuwait to settle the issue of compensation of Kuwait Airways in the third of last October. Noting that an agreement regarding this issue has been reached between the two sides where Iraq pay / 500 / million as total of final compensation due to damages to Kuwait Airways. / End
http://www.ninanews.com/English/News_Details.asp?ar95_VQ=GFJMMK
Thanks
LIT
Baghdad/NINA /--An official source announced that Kuwait received compensation half a billion dollars from Iraq to Kuwait Airways.
The Kuwaiti Foreign Minister Sabah Al-Khalid announced the approval of Kuwait to settle the issue of compensation of Kuwait Airways in the third of last October. Noting that an agreement regarding this issue has been reached between the two sides where Iraq pay / 500 / million as total of final compensation due to damages to Kuwait Airways. / End
http://www.ninanews.com/English/News_Details.asp?ar95_VQ=GFJMMK
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Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.
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