Financial and Banking News
Conflicting Figures on Kuwaiti Banks' Foreign Assets
Iraq's Acting Finance Minister, Mr. Muhammad Mahdi Salih, has accused Kuwaitibanks of retarding their country's development by investing the savings ofKuwaiti citizens in the west rather than in development projects at home. In aninterview published on 5 November in the Iraqi Defense Ministry newspaper Al-Qadisiya,Mr. Salih said that the foreign assets of ten Kuwaiti...