Sunday, October 28, 2007

Gulf War victims awarded over $450mn

Victims of Iraq’s 1990 invasion of Kuwait are to receive over $450 million to cover losses and damages caused when Saddam Hussein ordered his troops into the Gulf Arab state, sparking the first Gulf War.

The UN Compensation Commission said on Wednesday it has paid a $469.6 million instalment from Iraqi oil funds, bringing the total amount paid to victims to almost $23 billion, reported newswire AP.

The commission has approved over $50 billion in compensation altogether, with all the money coming out of Iraqi oil revenues, AP said. Twenty-eight claims are still outstanding.

The latest compensation package covers 32 payments to various governments, companies and organisations in Kuwait, the UAE, Saudi Arabia and Turkey. ranging between $2 million to $22 million in size.


Portable Bitch said...

that's something something huh.. :)

chase said...

wow, that's loads of money..