NO. 4


Financial and Banking News

Regional Banking

US Treasury Clarifies Status of Kuwaiti Companies in the US

The US Office ofForeign Assets Control has issued a statement clarifying the status of 95Kuwaiti banks and companies affected by the executive orders issued by PresidentGeorge Bush on 2 August which froze Kuwaiti and Iraqi assets in the US (for thetexts of the orders see MEES 6 August). The statement was issued on 4 Octoberand was unchanged as of 25 October. The...