Middle East Economic Survey

VOL. XLVII

No 28

12-July-2004

IRAQ RECONSTRUCTION

UNCC Awards $381Mn In Gulf War Reparations

The United Nations Compensation Commission (UNCC) met on 29 June-1 July and approved awards against Iraq for Gulf war reparations totaling $381mn. Claims of individuals for losses over $100,000 (category D) made up the largest portion of the awards, totaling $295.3mn, while those by corporations (category E) accounted for the remaining $85.8mn. The UNCC Governing Council adopted...