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Kuwait sue Iraqi Airways for $1.2bn 29, April 2010

Posted by thegulfblog.com in Iraq, Kuwait.
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3 comments

For the first time in 20 years an Iraqi Airways plane landed at London’s Gatwick Airport last week after being delayed by the ash cloud. No sooner had it landed, however, than the UK High Court issued an order seeking the immediate freeze of all Iraqi Airways assets worldwide. Kuwait Airways Co. submitted a claim to the UK court for some $1.2 billion for assets stolen by Saddam Hussein two decades ago. They claim that they ought to be allowed to take Iraqi airways planes as compensation.

On this occasion, the Kuwaitis could not seize the plane as it was leased from a Swedish company. However the director general of Iraqi Airways had his documents taken to prevent him from flying. The Journal further reports that the Kuwaiti authorities have several successful court rulings relating to the $1.2 billion figure but so far Iraqi Airways have simply ignored the demands for payments.

How in good conscience Kuwaitis can still demand money from Iraq is just beyond me. It seems utterly inhumane, wholly ruthless and deeply wrong.

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Kuwait to forgive Iraqi debts 19, January 2010

Posted by thegulfblog.com in Iraq, Kuwait.
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10 comments

The Kuwaiti Foreign Minister has announced that Kuwait will forgive the outstanding Iraqi debt stemming from their two decade old invasion. He stated that Kuwait did not want anything but ‘good relations and security’. Theoretically, Iraq still owes Kuwait some $36bn from old loans and war reparations.

How Kuwait, a fantastically rich country with a tiny population, high levels of literacy, 100% employment for its nationals, one of the most generous welfare states on earth, free utilities, frequent loan forgiveness for nationals who can’t resist the latest Hummer, a comprehensive healthcare system and scant security issues given the US guarantees and continued presence on its lands, could have waited until now is beyond me. Better late than never, I suppose.