NO. 52


Financial and Banking News

Regional Financing

Kuwait Pulls $500mn Citibank Deal as Uncertainty Remains overBorrowing

Kuwait has decided not to proceed with a $500mn repurchase facility whichwas to have been led by Citibank. The Kuwaiti decision was taken in the thirdweek of September after many weeks of discussions with Citibank and five or sixother banks (including Arab Banking Corporation and Gulf Investment Corporation)which were due to participate in the...