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Iraq reached an agreement worth $500 million to settle the debt with Kuwait- Tuesday, March 13, 2012

Iraq to reach an agreement worth $ 500 million to settle the debt with Kuwait

Arbil, March 14 / March (AKnews) - A media adviser to Iraqi Prime Minister Nuri al-Maliki on Wednesday that Iraq reached an agreement worth $ 500 million with Kuwait to settle debts dating back to the Gulf War prevented Iraqi Airways flights to the West.

It quoted "Reuters" Ali al-Moussawi of Kuwait visited by Iraqi Prime Minister, saying that "Iraq will pay under the agreement of $ 300 million in cash to Kuwait and will invest another $ 200 million in airline joint Kuwaiti-Iraqi."

He added that "Kuwait in contrast to halt legal action against Iraqi Airways."

In 2010 Kuwaiti lawyers tried to detain aircraft for the Iraqi lines in the first flight to London.

The theme of Iraqi Airways is part of a long-standing dispute between Iraq and Kuwait on billions of dollars in damages for invasion of Iraqi President Saddam Hussein of Kuwait in 1990-1991.

Maliki arrived in Kuwait on Wednesday morning at the head of a delegation to discuss the outstanding issues between the two countries.

The debt on top of these files in addition to the demarcation of land and maritime borders and the issue of port Mubarak that created a kind of political tension between Baghdad and Kuwait during the past months.

But the visit comes after the countries have recently expressed their support for the resolution of disputes dating back to the nineties of the last century after Saddam Hussein's invasion of Kuwait in 1990.

Kuwait announced earlier readiness turn the page on the past and start a new page of its foreign relations with Iraq on the basis of mutual respect which positions when Iraq over remarks by Prime Minister Nuri al-Maliki.

Kuwait rejects Iraq would emerge from Chapter VII of the UN Security Council until the fulfillment of obligations owed with respect to three files is the issue of missing Kuwaitis and archives, as well as the issue of the demarcation of the border between the two countries.

It is possible to affect negotiations the two sides on the decision taken by the UN Security Council in June next on the possibility of the withdrawal of Iraq from Chapter VII.

Open: Abdullah Sabri

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