Financial and Banking News


Kuwait Sets KDl.4bn Debt Ceiling

The Kuwaiti Government took another step towards issuing public debt last week with the announcement that a debt ceiling of KDl.4bn ($5bn) had been set for the proposed treasury bonds which it has been hinting at for months. No further details have yet been released, although informed sources in Kuwait have suggested that the treasury bonds will carry varying maturities of between one year and ten years, and if...