NO. 6


Financial and Banking News

Gulf Crisis

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...