SUBSCRIPTION MONDAY, MAY 20, 2013 RAJAB 10, 1434 AH www.kuwaittimes.net Pakistan Internet in Denmark Serena extends holds repeat ‘coma’ as takes winning streak to poll despite Iran election Eurovision reach Rome final killing13 looms27 crown40 18 Kharafi wins $930m Max 40º Min 24º High Tide in damages from Libya 07:44 & 19:10 Low Tide 00:40 & 13:37 40 PAGES NO: 15814Group 150 FILS wins arbitration decision through Arab League KUWAIT: M A Al Kharafi and Sons of Kuwait has won a final conspiracy theories arbitration decision worth 1.2 billion Libyan dinars ($930 million) against the Libyan government as a result of a breach of contract by the Libyan government. In 2006, M A The thin line Kharafi and Sons entered into contract with the Libyan gov- ernment to establish a seafront resort in Tripoli, which included a five-star hotel, hotel apartments and villas, and a shopping mall through a 90-year Build Operate Transfer (BOT) concession. Until 2010, the company, which By Badrya Darwish had spent large sums on feasibili- ty studies, design works and management contracts, had not formally received the land from the Libyan government.
[email protected] The former Libyan regime then cancelled its contract with the Kharafi group. As a result the Kuwaiti firm decided to proceed hat do I benefit as a Kuwaiti from the directly to arbitration based on the government’s sudden savage harass- Arab League’s Joint Investment Protection Agreement to Wment and attack against expats in the claim for 90 years of lost revenue. The arbitration panel country? I have the right to know if it is in my awarded Kharafi Group 1.2 billion Libyan dinars (US$930 interest.