Arab Today, arab today kuwait approves deal with iraq over airline debt
Last Updated : GMT 09:22:24
Arab Today, arab today
Arab Today, arab today

Kuwait approves deal with Iraq over airline debt

Arab Today, arab today

Arab Today, arab today Kuwait approves deal with Iraq over airline debt

Baghdad - XINHUA

The Iraqi Foreign Ministry said Tuesday that the Emir of Kuwait approved a settlement proposed earlier between Iraq and Kuwait to resolve the stand-off of the Iraqi Airways debt. In astatement issued by the Iraqi Foreign Ministry, Sabah al- Khalid, Kuwaiti Deputy Prime Minister and Foreign Minister earlier in the day phoned the Iraqi Foreign Minister Hoshyar Zebari and confirmed to him his country\'s approval for a financial deal aimed at resolving the Kuwaiti Airways debt. \"The Emir of Kuwait (Sheikh Sabah al-Ahmad al-Jaber al-Sabah) signed an Emiri Decree for a law that approves the financial settlement reached by both sides,\" the statement said. The Kuwaiti government \"published today the newly approved law on the Official Kuwaiti Newspaper, and the law firms in Britain have been informed to stop all proceedings against the Iraqi Airways and Iraqi properties,\" the ministry statement added. On March 14, Iraq\'s Prime Minister Nuri al-Maliki visited Kuwait and met with Kuwaiti leaders and the two sides reached a 500 million dollars agreement to resolve a standoff over war reparations that had prevented Iraqi Airways from flying to destinations in the West. Under the deal, Iraq will pay Kuwait 300 million dollars in cash and will invest another 200 million dollars in a joint Iraqi- Kuwaiti airline venture. In return, Kuwait would lift legal actions against Iraqi Airways. In 2010 Kuwait\'s lawyers for the state-owned Kuwait Airways tried to seize an Iraqi Airways plane on its first flight to London more than 20 years after they obtained an order from the High Court in London that included freezing the assets of Iraqi Airways Company worldwide. According to the Iraqi statement, the latest Kuwaiti approval for a settlement \"would lift all restrictions and complications on rebuilding the Iraqi Airways, buying new airplanes, and the establishment of a fleet.\" The two countries recently made tangible strides that might contribute in resolving the outstanding issues of reparations of Saddam Hussein\'s invasion to Kuwait in 1990. Observers see that such moves are helpful to ending the UN sanctions (known as \"Chapter 7\" sanctions) imposed on Iraq after the 1990 invasion.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait approves deal with iraq over airline debt Arab Today, arab today kuwait approves deal with iraq over airline debt

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 14:02 2017 Thursday ,23 February

Two lanes to be closed near Alba roundabout

GMT 13:56 2017 Thursday ,23 February

BIDEC2017 set to attract military industries

GMT 13:51 2017 Thursday ,23 February

Estiqlal Highway to be partly closed for maintenance

GMT 13:27 2017 Thursday ,23 February

Ceramic glazing workshop launched

GMT 13:22 2017 Thursday ,23 February

Alba supports BIGS2017

GMT 11:51 2017 Thursday ,23 February

Dubai to launch driverless flying cars by this summer
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday