Kuwait called on the United Nations Commission competent to continue regular deposit and maintain tr

Kuwait called on the United Nations Commission competent to continue regular deposit and maintain transparency


05/01/2013

Almudaf: $ 11.2 billion value of the remainder of the compensation owed by Iraq
Kuwait confirmed in front of the United Nations Commission on Compensation that the remaining amount of compensation due for Damages Resulting from Iraqi Aggression up to about $ 11.2 billion.
The head of the Board of Directors of the Public Authority for Assessment of Compensation for Damages Resulting from Iraqi Aggression Khaled Almudaf in the word Kuwait in the opening of the 75th session of the Committee's work which will continue until tomorrow that Kuwait has received $ 1.3 billion on January 24, 2013 and $ 1.13 billion in the April 25, 2013
Mudhaf added that the strengthening of Kuwait to continue receiving further payments depend on the continued flow of resources into the Compensation Fund in accordance with the Security Council resolutions relevant.
She stressed Kuwait on "the need to continue filing regular in the Compensation Fund for five percent of the revenue generated by sales of Iraqi oil exports and petroleum products, natural gas, according to UN Security Council Resolution 1956 as well as five percent of the value of any payments other than cash for oil and petroleum products and natural gas . "
It also stressed the "importance of continuing to maintain a transparent mechanism to ensure scrutiny of the amounts transferred to the Compensation Fund.
Mudhaf said that "the continuation of the deposit these amounts into the Compensation Fund bring us closer all of the final accomplishment of the task of the Board of Directors regarding the full payment of compensation to Kuwait which is approved by the Council as a right of the people of Kuwait."
He pointed out that Kuwait had formally requested in September of 2005, the Board of Directors to take the necessary steps again to restore some sensitive and confidential documents of the United Nations Commission for compensation provided by the Kuwait Investment Authority to support the claim category (3).
He said he was later an agreement between the United Nations Commission on Compensation and Government of Kuwait in July 25, 2006 provides for keeping the documents in place within the United Nations in order to maintain safety policy Archive adopted by the Governing Council at its session in December 2003, as well as facilitating the arrival of the Committee or auditors to These documents when needed without restriction.
And said Almudaf "Since these reasons no longer exist, so the Kuwait demanding the restoration of those sensitive documents it."
He Almudaf to that it was agreed in 2008 to meet Iraq and Kuwait under the auspices of the United Nations Compensation Commission to discuss the remaining funds and approved, stressing that Kuwait, which has remained committed to this process, renewed and repeated in different connections commitment and willingness to discuss this issue under the umbrella of the United Nations Commission for compensation.
Kuwait expressed its appreciation for the efforts of the Commission and in particular, and stand ready to provide experts and technical assistance in order to help to make real progress in this regard.
Mudhaf said that Kuwait recognizes with appreciation the support and hard work of the Governing Council and the Secretariat of the Compensation Committee and that is being translated now approaching the end of the task of the Council regarding the follow-up program.
He explained that the Kuwaiti government is aware that a successful transition of the program from the Board of Directors to oversee the national will definitely use it a perfect legacy for cooperation in the post-conflict period and deserves international competition by future generations.
He stressed that Kuwait has taken the necessary steps to issue the required guarantees to the Governing Council to maintain the systems and controls after the transfer of supervision is now in the process of finalizing with the Secretariat of the Compensation Committee.



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Kuwait is still awaiting receive 11.2 billion dollars in compensation from Iraq


Tuesday, 30 April 2013-23: 04

Iraq war on Kuwait Kuwait (a. p.)

Kuwait today announced, Tuesday, that she had received since the beginning of the year 2, $ 43 billion in compensation from Iraq, but is still awaiting receive compensation worth $ 11.2 billion from the invasion, the reign of the late President Saddam Hussein, in August 1990, said a Kuwaiti official.
And the official Kuwait News Agency quoted Khaled Al-Mudhaf, Chairman of the public authority for assessment of compensation, "Kuwait received $ 1.3 billion in January and $ 13 billion on April 25.
Mudhaf Iraq invited to continue to pay 5 percent of its oil revenues to compensation fund to ensure payment of all damages it regularly.
Kuwait got $ 30 billion of the total $ 41 billion the United Nations as compensation for damages, incurred by Kuwait because of the Iraqi invasion of August 1990 to February 1991.
And expel us-led coalition in the Iraqi forces from Kuwait.


http://www1.youm7.com/News.asp?NewsID=1043839&SecID=88http://www1.youm7.com/News.asp?NewsID=1043839&SecID=88

bet that if iraq give kuwait that 11.2 billion today they would be out of chapter 7 within a week, maybe.

fonz1951 wrote:bet that if iraq give kuwait that 11.2 billion today they would be out of chapter 7 within a week, maybe.

Hey, if they old me that, you betcha I would keep them on hold. But knowing there is trillions to be made, not so sure a good idea. Just a redneck thought... ;)

yeah, you're probably right, i was just thinking out loud.not necessarily intelligently, just out loud! lol. btw i'm a redneck too. lol.