NO. 48


Financial and Banking News

Gulf Crisis

Kuwaiti Banks Abroad Have Full Support of Finance Minister and CentralBank

Kuwaiti financial institutions operating abroad have received explicitbacking from their country's Finance Minister, Shaikh 'Ali al-Khalifa al-Sabah,who made clear on 25 August that Kuwait's state reserves would be used tosupport their liquidity requirements. Speaking at a press conference in London,Shaikh 'Ali said that "I have told them (the Kuwaiti...