Financial and Banking News
Kuwaiti Financial Sector Sees Two Mergers
Mergers between Kuwait-based investment companies and largely Kuwaiti-owned'Gulf companies' in the financial sector have been on the cards ever since thecollapse of Kuwait's unofficial stock market, the infamous Suq al-Manakh, in1982. However, valuation difficulties brought on by the continuing decline ofequity prices, together with a bad debt crisis affecting banks, have...
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