NO. 45


Financial and Banking News

Financial Blockade Of Iraq Holds Firm As Gulf Crisis Enters Second Week

After the rush to freeze Kuwait's overseas assets and impose sanctions onIraq in the days immediately following the invasion of Kuwait on 2 August, theeconomic and financial aspects of the Gulf crisis were eclipsed by theincreasing political uncertainty in the region. The package of economicsanctions imposed on Iraq by the United Nations on 8 August is the most...