Middle East Economic Survey

VOL. XLVII

No 51/52

20/27-December-2004

IRAQ RECONSTRUCTION

UNCC Awards $2.9Bn In Gulf War Compensations

During its Governing Councils 54th session (7-9 December), the UN Compensation Commission (UNCC) approved awards against Iraq for Gulf war reparations totaling $2.9bn. The council approved five F4 claims (claims for environmental damage) filed by three governments with a total award value of $629.49mn, and one F4 claim filed byKuwait for damage caused by oil pollution...