Financial and Banking News
Kuwait Permits GCC Citizens to Buy Local Shares
According to Law 33/88, which was gazetted in Kuwait last week, citizens ofmember states of the Gulf Cooperation Council are in principle permitted to ownshares in Kuwaiti shareholding companies. However, such shareholdings aresubject to control. Article 2 of the new law empowers the Ministry of Trade andIndustry to name the shareholding companies open to GCC ownership and...