Latest News
- Kuwait-Jordan Durra Field Joint Statement Rejected By Iran
- GTD Cracks Down On Vehicle Noise Pollution In Sulaibiya
- Mystery Of Dead Fish At Shuwaikh Beach Sparks Urgent Action
- MEW To Complete Links With The Interior And Justice Ministries B...
- 8 Expats Jailed For Bribing An Officer To Obtain Driver's Licens...
- Weekend Weather Is Expected To Be Hot
- From Tomorrow, Traffic Diversion On Third Ring Road
- Ministry Of Health Refute Rumors On Non-availability Of Antibiot...
- Amir Of Kuwait And Jordan King Renew Commitment To Regional Secu...
- 37 Arrested With Narcotics And Firearms
- Outrage Over Candidate's Arrest
- Six Stores Shut Down In Jahra For Selling Fake Goods
Iraq To Resume Paying War Reparations To Kuwait In 2018
Iraq is to resume paying war reparations to Kuwait at the start of 2018, in UN-endorsed compensation for Saddam Hussein's 1990 invasion of the emirate, the president's office announced Friday.
It said the two countries had agreed during a visit to Kuwait City by President Fuad Masum on Monday for Iraq "to resume payment of the five-percent tax on oil sales and to try to settle border disputes".
;Iraq in October 2014 suspended payment of the tax imposed on its oil exports as war reparations by the UN Security Council at the height of an offensive by the Islamic State jihadist group that has now been rolled back.
The outstanding amount of $4.6 billion from a total reparations bill of $52.4 billion is to be paid by the end of 2021, the president's office said.
A US-led international coalition evicted Iraqi troops from Kuwait in February 1991 after a seven-month occupation.
SOURCE : ARABIANBUSINESS
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Thief Returns Stolen Money With An Apology Letter...
15 April 2024
Comments Post Comment