VOL. XXXI

NO. 36

13-JUNE-1988

Financial and Banking News

INVESTMENT ACTIVITIES

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...