عربي English Türkçe اردو فارسى
Logo
Latest News
Arab World

Iraq Receives $8 Mn from UN Compensation Commission After Full Payment to Kuwait

The Central Bank of Iraq (CBI). (INA)
The Central Bank of Iraq (CBI). (INA)
TT
TT

Iraq Receives $8 Mn from UN Compensation Commission After Full Payment to Kuwait

The Central Bank of Iraq (CBI). (INA)
The Central Bank of Iraq (CBI). (INA)

The Central Bank of Iraq (CBI) received the remaining sum from the UN Compensation Fund after paying all compensations to Kuwait relating to the invasion of Kuwait during the rule of late President Saddam Hussein in 1990.

In a statement, CBI said it received $7.9 million, the remaining money in the compensation fund, after delivering the last instalment of Kuwait's compensations.

It explained that the amount was returned to Iraq after auditing the accounts, in line with UN Security Council Resolution 2621 (2022) concerned with completing the compensation file resulting from the invasion.

Iraq announced in 2021 that it had terminated all necessary banking arrangements with the US Federal Reserve Bank to stop the automatic deduction of Kuwait's compensation from the revenues of Iraqi crude oil exports after paying the remaining amount of payment.

The UN Compensation Commission (UNCC) was formed in 1991, the same year the US-led coalition expelled Iraqi forces from Kuwait.

The Commission was tasked with paying $52.4 billion to Kuwaiti individuals, companies, government agencies, and other organizations that suffered losses due to the war. Compensation funds come from a tax imposed on sales of Iraqi oil and its products.

Iraq paid the last compensation in February. In total, Iraq paid around $52 billion.

The Security Council later announced the end of the mandate of the Compensation Commission.

Chairman of the UN Compensation Commission, Michael Jaffe, said that 2.7 million claims had been submitted seeking compensation of $352 billion, explaining that a total of $52.4 billion was awarded to 1.5 million claimants, and the final payment from the Commission was on January 13, 2022.

It represents approximately 15 percent of the total amounts claimed and reflects the comprehensive review conducted by the Commission.

The most significant single claim approved by the Commission was compensation to the Petroleum Corporation, estimated at $14.7 billion, after Iraqi forces set fire to oil wells as they left Kuwait.

Most Viewed

 
 
Arab World

Israelis Return to Last West Bank Settlement Closed over 20 Years Ago

15 August 2026, Palestinian Territories, Hebron: Israeli soldiers deploy in the Old City of Hebron in the West Bank, as Israeli settlers tour the area under their protection after forces closed roads and alleys, restricting the movement of Palestinian residents. Photo: Mamoun Wazwaz/APA Images via ZUMA Press Wire/dpa
15 August 2026, Palestinian Territories, Hebron: Israeli soldiers deploy in the Old City of Hebron in the West Bank, as Israeli settlers tour the area under their protection after forces closed roads and alleys, restricting the movement of Palestinian residents. Photo: Mamoun Wazwaz/APA Images via ZUMA Press Wire/dpa
TT
TT

Israelis Return to Last West Bank Settlement Closed over 20 Years Ago

15 August 2026, Palestinian Territories, Hebron: Israeli soldiers deploy in the Old City of Hebron in the West Bank, as Israeli settlers tour the area under their protection after forces closed roads and alleys, restricting the movement of Palestinian residents. Photo: Mamoun Wazwaz/APA Images via ZUMA Press Wire/dpa
15 August 2026, Palestinian Territories, Hebron: Israeli soldiers deploy in the Old City of Hebron in the West Bank, as Israeli settlers tour the area under their protection after forces closed roads and alleys, restricting the movement of Palestinian residents. Photo: Mamoun Wazwaz/APA Images via ZUMA Press Wire/dpa

Israelis began moving into the occupied West Bank settlement of Kadim on Thursday, the local settler council said, the last of four communities from which Israel withdrew more than two decades ago to be repopulated.

It came a week after Israel officially reopened neighboring Ganim, in a move emblematic of the current government's policy of rapid settlement expansion in the occupied Palestinian territory.

The Samaria regional council, which administers Israeli settlements in the northern West Bank, described the return to Kadim as a "historic milestone".

"At this very moment, the families of the pioneering settler core are moving into Kadim, a community that was uprooted during the disengagement," it said in a statement.

It said that 30 families were moving to live permanently in the settlement, accompanied on Thursday by far-right Finance Minister Bezalel Smotrich and head of the Samaria regional council, Yossi Dagan.

Kadim is one of four Israeli settlements in the occupied West Bank that Israel evacuated under former prime minister Ariel Sharon's disengagement plan in 2005, which also included abandoning all Israeli settlements in the Gaza Strip.

The move came partly because of their isolated location in the north of the West Bank, among many Palestinian cities and villages.

Under Prime Minister Benjamin Netanyahu's government, settlement construction and expansion have surged, including with the re-establishment of all four evacuated communities -- Ganim, Sa-Nur, Homesh and now Kadim.

"Twenty-one years after the crime of the expulsion from northern Samaria, today we have completed the rectification," Smotrich was quoted as saying in the statement on Thursday.

"These communities constitute a real security buffer for the entire State of Israel," he added, vowing to establish 19 settlements in the northernmost part of the West Bank.

Dagan said: "We have come home, and this time to stay and grow twentyfold."

"We are raising the flag again, closing the circle, and continuing to build Samaria with full force," he added, using the Biblical term for the northern West Bank.

Israel has occupied the West Bank since 1967. More than 500,000 Israelis live in settlements in the territory, which are illegal under international law, among some three million Palestinians.

Arab World

Türkiye, Egypt, Qatar Condemn Israeli Attacks on Gaza, Call on Israel to Comply with Ceasefire Obligations

Palestinians carry the body of a person killed following an Israeli airstrike in Gaza City, 19 August 2026.EPA/MOHAMMED SABER
Palestinians carry the body of a person killed following an Israeli airstrike in Gaza City, 19 August 2026.EPA/MOHAMMED SABER
TT
TT

Türkiye, Egypt, Qatar Condemn Israeli Attacks on Gaza, Call on Israel to Comply with Ceasefire Obligations

Palestinians carry the body of a person killed following an Israeli airstrike in Gaza City, 19 August 2026.EPA/MOHAMMED SABER
Palestinians carry the body of a person killed following an Israeli airstrike in Gaza City, 19 August 2026.EPA/MOHAMMED SABER

Türkiye, Egypt and Qatar on Thursday strongly condemned recent Israeli strikes in Gaza, saying in a joint statement that Israel must comply with its obligations under a ceasefire agreement and refrain from steps that could escalate tensions.

"The mediating countries underline that the intensification of Israeli attacks undermines regional and international efforts at a critical juncture, as intensive efforts are under way to implement the Comprehensive Plan to End the Gaza Conflict, including the meeting between the Board of Peace and Israeli officials, and constructive steps are being taken in the negotiation process," they said, Reuters reported.

The international community and Board of Peace must take the necessary steps to ensure compliance with the ceasefire and prevent further escalation, they added.

Arab World

Vatican Says 'Serious Concerns' over Israel-Lebanon Deal Implementation

Lebanese Army soldiers monitor the movements of Israeli forces stationed in a neighboring village, in Zawtar al-Gharbiyah, Nabatieh Governorate, southern Lebanon, 31 July 2026, following a US-brokered security agreement between Lebanon and Israel. EPA/STRINGER
Lebanese Army soldiers monitor the movements of Israeli forces stationed in a neighboring village, in Zawtar al-Gharbiyah, Nabatieh Governorate, southern Lebanon, 31 July 2026, following a US-brokered security agreement between Lebanon and Israel. EPA/STRINGER
TT
TT

Vatican Says 'Serious Concerns' over Israel-Lebanon Deal Implementation

Lebanese Army soldiers monitor the movements of Israeli forces stationed in a neighboring village, in Zawtar al-Gharbiyah, Nabatieh Governorate, southern Lebanon, 31 July 2026, following a US-brokered security agreement between Lebanon and Israel. EPA/STRINGER
Lebanese Army soldiers monitor the movements of Israeli forces stationed in a neighboring village, in Zawtar al-Gharbiyah, Nabatieh Governorate, southern Lebanon, 31 July 2026, following a US-brokered security agreement between Lebanon and Israel. EPA/STRINGER

The Vatican expressed "serious concerns" Thursday about problems implementing a US-brokered deal between Israel and Lebanon, following a meeting between Pope Leo XIV and Lebanese President Joseph Aoun.

During a private, 30-minute audience at the Vatican, Aoun had urged the pontiff to support Beirut's push to secure the withdrawal of Israeli forces from south Lebanon envisaged by the deal, the Lebanese presidency said.

"The Holy See, whilst welcoming the signing of the document, has expressed serious concerns about the difficulties being encountered in implementing it, and has pledged its support for efforts to that end," the Vatican said in a statement.

Lebanon and Israel launched US-sponsored direct talks after the Iran-backed militant group Hezbollah drew Lebanon into the Middle East war in March by attacking Israel.

Israel responded with airstrikes and a ground invasion.

The framework agreement reached in June calls for the disarmament of Hezbollah, a gradual withdrawal of Israeli forces and the deployment of the Lebanese army to the region, starting in "pilot zones".

Despite a weeks-long lull in fighting, Israel has kept up intermittent strikes and heavy demolition operations in south Lebanon.

Its forces are operating in a strip of territory around 10 kilometres (six miles) deep inside the Lebanese border.

At the Vatican, Aoun also met with the Holy See's second-in-command, Cardinal Pietro Parolin, and its top diplomat, Paul Richard Gallagher.

The "cordial talks" focused on the US-mediated deal, the Vatican said.

Aoun called on the head of the Catholic Church to "support Lebanon's efforts to achieve a full Israeli withdrawal from the occupied Lebanese territories, paving the way for the reconstruction of what Israel has destroyed," according to the Lebanese presidency.

He also urged the Pope and Vatican officials to "continue their diplomatic efforts" to ensure that Israel implements the terms of the deal and ends attacks against civilians, infrastructure, and villages, it said.

It was the second private audience between Pope Leo and Aoun at the Vatican.

The Chicago-born leader of the world's 1.4 billion Catholics visited Lebanon late last year, and has repeatedly urged de-escalation in the Middle East and a need for a diplomatic solution.

Aoun is also expected to meet Italian Prime Minister Giorgia Meloni on Friday.

Rome has hosted the last two rounds of Israel-Lebanon talks.

Italy and France said in June they wanted to set up a multinational coalition to succeed the United Nations peacekeeping force in south Lebanon, whose mandate ends this year.