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BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.

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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Kuwaiti official: Iraq pays Kuwait Airways' compensation next week.

Post by chouchou on Sun 20 Jan 2013, 5:45 am

First topic message reminder :


<table dir="lTR" border="0" cellpadding="3" cellspacing="0" width="100%"><tr><td class="news-article-time" align="Left" valign="middle">20/01/2013 12:35:00</td> </tr> </table>

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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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Kuwaiti parliament approves debt settlement Iraqi aviation

Post by rocky on Tue 22 Jan 2013, 11:12 am

Kuwaiti parliament approves debt settlement Iraqi aviation


Settlement requires dropping Kuwait suits, judgments about Iraq in return for financial compensation of $ 500 million. Paid by Iraq to Kuwait in Jan.

Mohammed Kafrawi

Kuwait Anatolia

And approved the Kuwaiti National Assembly (parliament) during its meeting on Tuesday, the adoption of the necessary decree on debt settlement Iraqi Airways to Kuwaiti counterpart.

The vote on the consent decree 46 members out of 48 attended the meeting with two abstentions.

And The Emir of Kuwait Sabah Al-Ahmad Al-last October - during the period of the dissolution of parliament - a decree need to spend to accept a settlement but that the decree had to be approved by the new council to become effective.

Decree faced since the initial moments issued a sharp attack by a majority of Council 2012 rescinds which form the current opposition, which considered the settlement a waiver of part of Iraq's debt to Kuwait.

On 20 December last year and signed a Kuwait Airways Corporation with their Iraqi counterparts a definitive agreement to drop lawsuits and recent provisions for financial compensation of $ 500 million.

It was also agreed to convert the full amount to Kuwait during Jan. to be added to the general budget of the state, rather than dividing the amount as agreed in the agreement July of the same year.

Over the past twenty years, a struggle broke out internationally between judicial institutions of the two countries on aviation damages resulting from the Iraqi Airways put her hand on the ten commercial aircraft and the plundering of Kuwaiti airport Kuwait during the invasion.

The Official Gazette published (Kuwait today) on October 23 last Legislative Decree No. 23 of 2012 approving the settlement agreement between the Government of Kuwait and the Government of the Republic of Iraq.

The first Article of the Decree on «approved a settlement agreement between the Government of Kuwait and the Government of the Republic of Iraq and signed in Kuwait on 18/07/2012.


http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http%3A%2F%2Fwww.aa.com.tr%2Far%2Frss%2F124740
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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.

Post by Neno on Tue 22 Jan 2013, 11:20 am

Settlement requires dropping Kuwait suits, judgments about Iraq in
return for financial compensation of $ 500 million. Paid by Iraq to
Kuwait in Jan.

And approved the Kuwaiti National Assembly (parliament) during its
meeting on Tuesday, the adoption of the necessary decree on debt
settlement Iraqi Airways to Kuwaiti counterpart.
Done, confirmed.. ;)

NOTE: On 20 December last year and signed a Kuwait Airways Corporation with
their Iraqi counterparts a definitive agreement to drop lawsuits and
recent provisions for financial compensation of $ 500 million.

It
was also agreed to convert the full amount to Kuwait during Jan. to be
added to the general budget of the state, rather than dividing the
amount as agreed in the agreement July of the same year.
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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.

Post by weslin3 on Tue 22 Jan 2013, 11:33 am

@mochasmom wrote:Sooo, the article says 500 million DOLLARS....did they pay in dollars or dinar?

Good question!
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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.

Post by notazbad2000 on Tue 22 Jan 2013, 1:20 pm

Every little step forward shows major progression.


_________________
TAZ

The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.
Martin Luther King Jr., Strength to Love, 1963

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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.

Post by lonelyintexas on Tue 22 Jan 2013, 1:29 pm

Were getting there sometimes slower, sometimes a little faster. LIT
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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.

Post by chouchou on Tue 22 Jan 2013, 2:11 pm

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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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Kuwait MPs ratify $500 mn settlement with Iraqi Airways

Post by chouchou on Tue 22 Jan 2013, 2:24 pm

airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Photo_1358867322119-1-0




Kuwait MPs Tuesday overwhelmingly ratified a settlement
deal between the Kuwaiti and Iraqi national carriers under which
Baghdad will pay $500 million in compensation, ending a 22-year-old
dispute.

Under the deal reached in July, Iraqi Airways agreed to pay the said
compensation to state-owned Kuwait Airways Corp. (KAC) for damages
caused by the then Iraqi troops of Saddam Hussein during the 1990-91
invasion of Kuwait.

Kuwait's Communications Minister Salem al-Othaina, who chairs KAC,
told MPs that Iraq as a sign of goodwill has deposited all the $500
million in a special bank account and "we can withdraw them after
ratifying the settlement."

The settlement, however, amounts to less than half of the $1.2
billion KAC had said Iraq's flag carrier owed it. Kuwait says 10 of its
planes as well as aircraft parts were plundered after its airport was
seized during the invasion.

In October, Emir Sheikh Sabah al-Ahmad al-Sabah issued a decree
ratifying the deal ahead of the December 1 parliamentary election. Under
Kuwaiti law, the new parliament must ratify decrees issued by the emir
to become legal.

An Iraqi foreign ministry statement said in October that the
settlement "cancels all restrictions and complications in rebuilding
Iraqi Airways, and it is now free to buy new planes and build a fleet."

On Tuesday, 46 Kuwaiti MPs and cabinet ministers voted for the
settlement, one voted against and another abstained. There were 48 MPs
and cabinet ministers present when the voting took place.

Iraq invaded Kuwait in 1990, after which flights between Iraq and its
small neighbour to the south were suspended. Authorities last year gave
approval for direct flights between the two countries to resume.

Several outstanding issues are still to be sorted out between the two
Arab neighbours including the payment by Baghdad of around $20 billion
in war reparations and about $16 billion in debt.


http://uk.news.yahoo.com/kuwait-mps-ratify-500-mn-settlement-iraqi-airways-150958752.html
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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.

Post by mollie09 on Tue 22 Jan 2013, 2:59 pm

:D :D :) :) keep it coming $$$$$$$$$$$$$$$
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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.

Post by Twinkie on Tue 22 Jan 2013, 4:02 pm

This is good news!
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airways - BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways. - Page 4 Empty Re: BREAKING NEWS . Kuwait receives compensation half a billion dollars from Iraq to Kuwait Airways.

Post by day dreamer on Tue 22 Jan 2013, 5:14 pm

@Neno wrote:Done, confirmed.. ;)





NOTE: On 20 December last year and signed a Kuwait Airways Corporation with
their Iraqi counterparts a definitive agreement to drop lawsuits and
recent provisions for financial compensation of $ 500 million.

It
was also agreed to convert the full amount to Kuwait during Jan. to be
added to the general budget of the state, rather than dividing the
amount as agreed in the agreement July of the same year.



Amen! jumped that hurdle! :)

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