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Iraq pays $300m to airline over Kuwait invasion
Iraq and its national airline will pay $300 million in compensation to Kuwait Airways for Saddam Hussein's invasion of the emirate almost 20 years ago, a government spokesman said on Sunday. The payment is a final settlement that would end a dispute that has simmered since the seven-month occupation by Saddam's forces was ended by a U.S.-led coalition in 1991. "The Council of Ministers decided on Sunday to pay $300 million to Kuwait Airways and the two parties agreed to put an end to the legal process," government spokesman Ali al-Dabbagh said. The precise terms of the deal were agreed after discussions between the Emir of Kuwait and Iraqi President Jalal Talabani at an economic summit of Arab states in the past week. Kuwait Airways demanded $1.2 billion in reparations from Iraq Airways for planes and equipment stolen during Saddam's 1990 invasion of the emirate. Posted by: Fred 2009-01-26 |
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