NO. 33


Financial and Banking News

Financial Policy

Kuwait Renews its Interest in an Offset Program

Kuwait's Council of Ministers has authorized the Ministry of Finance toimplement an offset program under which foreign companies winning civil ormilitary contracts in Kuwait will be required to reinvest a proportion of thecontract value with Kuwaiti entities. The portion to be reinvested is stillunder consideration by a committee at the Ministry of Finance, which is drawingup the...