The following is a review of the reports that the Middle East Media Research Institute (MEMRI) Jihad and Terrorism Threat Monitor (JTTM) published during the week of August 12-19, 2023.
Hadley Gildon | Updated: 26-04-2021 10:06 IST | Created: 26-04-2021 10:06 IST
Representative image. Image Credit: ANI
That corruption is entrenched in Iraq should come as a surprise to no one, so Prime Minister Mustafa al-Kadhimi s issuance of arrest warrants against a group of 58 officials for corruption comes at an important time. Corruption from the highest to the local political level is one of the chief factors preventing Iraq from attaining peace, order, and economic progress, and the fact that the PM s warrants concern a sitting and former member of parliament, a former minister, and a host of other functionaries at various levels, is a poignant testament to how deep the rot truly extends.
By Reuters Staff
4 Min Read
DUBAI (Reuters) - Kuwaiti logistics company Agility’s claim to recover more than $380 million it said it lost in Iraq has been rejected by an international tribunal, a document seen by Reuters showed.
Agility, one of the largest Gulf logistics companies, was also ordered to pay Iraq more than $5 million for costs related to the case.
The company filed for arbitration in 2017 with the International Centre for Settlement of Investment Disputes (ICSID), which is part of the World Bank Group and handles disputes between international investors.
Agility has said Iraq indirectly confiscated its investment, which was worth over $380 million, and violated a 2015 bilateral protocol between Kuwait and Iraq on encouraging the movement of capital and investment between the two countries.
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Kuwaiti logistics company Agility s claim to recover more than $380 million it said it lost in Iraq has been rejected by an international tribunal, a document seen by Reuters showed.
Agility, one of the largest Gulf logistics companies, was also ordered to pay Iraq more than $5m for costs related to the case.
The company filed for arbitration in 2017 with the International Centre for Settlement of Investment Disputes (ICSID), which is part of the World Bank Group and handles disputes between international investors.
Agility has said Iraq indirectly confiscated its investment, which was worth over $380m, and violated a 2015 bilateral protocol between Kuwait and Iraq on encouraging the movement of capital and investment between the two countries.