Subscribe to our free daily newsletters
  Space Travel News  




Subscribe to our free daily newsletters



IRAQ WARS
$40 billion 'missing' from Iraq accounts

by Staff Writers
Baghdad (AFP) Feb 21, 2011
Around $40 billion are "missing" from a post-Gulf War fund that Iraq maintains to protect the money from foreign claims, its parliamentary speaker said on Monday.

"There is missing money, we do not know where it has gone," Osama al-Nujaifi said at a news conference in Baghdad. "The money is around $40 billion in total."

"It may have been spent somewhere, but it does not appear in our accounts, so parliament will investigate where this money has gone."

Nujaifi did not say when or how the discovery had been made regarding the missing money. He said two investigative committees had been formed to track down the cash.

The Development Fund for Iraq (DFI), which was set up after the 2003 war to handle oil and other revenues, has been protected against claims by a UN resolution that expires on June 30.

On December 15, the UN Security Council ended key international sanctions imposed on Iraq following now-executed dictator Saddam Hussein's 1990 invasion of Kuwait in a major move toward bringing closure on the Saddam era.

Among the decisions taken on that day was the closure of the DFI.

Iraq's August 2, 1990 assault on Kuwait was rapidly met with a concerted international military response that pushed Saddam's forces out of the oil-rich emirate and eventually ended in his ouster by a US-led coalition in 2003.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Iraq: The first technology war of the 21st century



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


IRAQ WARS
Iraqi MPs pass $82-billion 2011 spending programme
Baghdad (AFP) Feb 20, 2011
Iraqi lawmakers approved an $82-billion spending programme for 2011 by voting for a national budget in parliament on Sunday. Overall expenditure will be $81.86 billion, or 96.6 trillion Iraqi dinars, while income is projected at $68.56 billion, leaving a shortfall of $13.3 billion - a budget deficit of around 16 percent. The budget is based on average oil prices of $76.5 per barrel and ... read more







IRAQ WARS
ILS Appoints Vice President Of Sales Marketing And Communications

Ariane 5's Mission With The Automated Transfer Vehicle Is Postponed

Ariane 5 Ready For Launch Of Automated Transfer Vehicle Johannes Kepler

Ariane 5 Ready To Receive Yahsat 1A And Intelsat New Dawn

IRAQ WARS
Walking On Mars

Opportunity Catching The Rays During Solar Conjunction

Mars, Brought To You By Corporate Sponsors

Volunteers begin virtual Mars 'space walk'

IRAQ WARS
Waiter, There's Metal In My Moon Water

Japan eyes humanoid robot mission in space

Astrobotic Technology Annouces Lunar Mission On SpaceX Falcon 9

LRO Could Have Given Apollo 14 Crew Another Majestic View

IRAQ WARS
Theory: Solar system has another planet

Launch Plus Five Years: A Ways Traveled, A Ways To Go

Mission To Pluto And Beyond Marks 10 Years Since Project Inception

IRAQ WARS
Direct Images Of Disks Unravel Mystery Of Planet Formation

New Instrument Will Help Confirm Kepler Planet Finds

NASA Finds Earth-Size Planet Candidates In Habitable Zone

Las Cumbres Scientists Play Key Role In New Planetry System Discovery

IRAQ WARS
University of Ulster Launches Rocket Project with Japan Space Agency

ATK And Astrium Unveil Liberty Rocket For NASA CCDev-2 Competition

Renewed Call For Competitive US Spaceflight Marketplace

Rocket Team Hot Fire AJ26 Flight Engine For Taurus II

IRAQ WARS
Shenzhou 8 Mission Could Top Three Weeks

U.S. wary of China space weapons

Slow progress in U.S.-China space efforts

China Builds Theme Park In Spaceport

IRAQ WARS
NASA Releases Images Of Man-Made Crater On Comet

Spectacular Flyby Of Comet Tempel 1 Tests Lockheed Built Spacecraft

NASA'S Stardust Spacecraft Completes Comet Flyby

NASA spacecraft unravels comet mystery


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement