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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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mochasmom
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    Iraq» $ 500 million deposited account «Kuwait» New York

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    Post by Hkp1 Wed 20 Feb 2013, 12:22 am

    Iraq» $ 500 million deposited account «Kuwait» New York


    20 February 2013 6: 56 am Last updated: Feb. 20, 2013 6: 56 am


    Iraqi
    Airways filed Sunday $ 500 million to KAC's account in New York, the
    headquarters of JP Morgan, which had been agreed between the two
    Governments as compensation for Kuwait» for waiving issues and
    provisions that were filed against Iraqi Airways».

    Relevant
    source for «home» that «Kuwait» taking necessary action to convert the
    amount to the Treasury General of the nation, in implementation of law
    No. 22 of 2012, although «Kuwait» considers that this amount of their
    rights, as compensation for aircraft and spare parts lost during the
    invasion, pointing out that "Kuwait is not the only State to offset
    other government institutions, adding that" Kuwait» will intend to claim
    their right to recover compensation of 500 million Dollar again as an
    inherent right of the Corporation.

    http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.mubasher.info%2Fportal%2FISX%2FgetDetailsStory.html%3FstoryId%3D2253416%26goToHomePageParam%3Dtrue
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    Iraq» $ 500 million deposited account «Kuwait» New York Empty Re: Iraq» $ 500 million deposited account «Kuwait» New York

    Post by day dreamer Wed 20 Feb 2013, 12:34 am



    First Published:
    2012-10-24



    Kuwait seals $500 million airline settlement with
    Iraq
    Decree ratifying settlement signed by Kuwait Emir states Baghdad
    will pay $200 million in first six months of 2013 while remaining $300 million
    will be deposited in special bank account, transferred to state-owned Kuwait
    Airways Corp.
    Middle East
    Online


    <table border="0" cellSpacing="0" cellPadding="0" width="310">

    <tr>
    <td>Iraq» $ 500 million deposited account «Kuwait» New York Caption</td></tr>
    <tr>
    <td align="center"><table border="0" cellSpacing="0" cellPadding="0" width="300">

    <tr><td align="center">Iraq» $ 500 million deposited account «Kuwait» New York _55088_iraqi</td></tr>
    <tr>
    <td bgColor="#f6f6f6">The 22-year old dispute is
    over
    </td></tr></table></td></tr>
    <tr>
    <td>Iraq» $ 500 million deposited account «Kuwait» New York Captionb</td></tr></table>

    <p id="text2">
    <p id="text2">KUWAIT CITY - Kuwait said on Wednesday that Iraq will complete

    payment of a $500 million settlement of an airline dispute between the two

    nations by the middle of next year.

    <p id="text2">A royal decree ratifying the settlement signed by Kuwait Emir
    Sheikh
    Sabah al-Ahmad Al-Sabah states that Baghdad will pay $200 million in
    the first
    six months of 2013.

    <p id="text2">The remaining $300 million will be deposited in a special bank

    account and transferred to state-owned Kuwait Airways Corp.

    <p id="text2">The decree said the deal between the two neighbours' airlines was

    signed in Kuwait City in July and officially ends a 22-year old dispute
    which
    began after Iraqi troops invaded Kuwait in 1990.

    <p id="text2">The settlement amounts to less than half of the $1.2 billion
    Kuwait
    Airways 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.

    <p id="text2">The Kuwaiti decree is effective from the day it is published in
    the
    official gazette, though under the emirate's constitution, the next
    parliament,
    due to be elected on December 1, has the right to reject it.

    <p id="text2">An Iraqi foreign ministry statement said on Tuesday that the
    decree
    "cancels all restrictions and complications in rebuilding Iraqi
    Airways, and it
    is now free to buy new planes and build a fleet."

    Iraq invaded Kuwait in 1990, after which flights between Iraq and
    its
    small neighbour to the south were suspended. Authorities earlier this 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.
    <p id="text2">

    <p id="text2">

    http://www.middle-east-online.com/english/?id=55088


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    Post by wciappetta Wed 20 Feb 2013, 4:47 am

    I felt the Airline flight to Kuwait was put off Saturday because Kuwait was waiting for payment and not because the jet wasn't ready to fly. Glad this chapter is over now lets bring home the bacon.


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    Post by notazbad2000 Wed 20 Feb 2013, 4:49 am

    I was just thinking the same thing Ward. I am thinking they are waiting for confirmation that payment is made.


    Last edited by notazbad2000 on Wed 20 Feb 2013, 5:17 am; edited 1 time in total


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    Post by wciappetta Wed 20 Feb 2013, 5:01 am

    Yes it just seemed to make sense....


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    Post by mochasmom Wed 20 Feb 2013, 5:30 am

    I love bacon, and yes, it's always about the money isn't it...
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    Post by Neno Wed 20 Feb 2013, 7:21 am

    You guys are thinkers. So, we finally seed a article later after the fact, on the 500 million.... ;)
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    Post by Screwball Wed 20 Feb 2013, 3:12 pm

    wciappetta wrote:I felt the Airline flight to Kuwait was put off Saturday because Kuwait was waiting for payment and not because the jet wasn't ready to fly. Glad this chapter is over now lets bring home the bacon.

    Thursday flight cancelled and at this stage flight booked for Friday and saturday
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    Post by lonelyintexas Wed 20 Feb 2013, 3:44 pm

    So with the payment behind us now. We hope to see these future flights completed. Come on Iraq.
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    Post by ron-man Wed 20 Feb 2013, 5:41 pm

    Hkp1,looking good ,I like this post,so to the air planes.

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