Financial and Banking News


Government Deposits $10bn with Kuwaiti Banks Since 1982

The Kuwaiti government has placed deposits worth a total KD2,925mn ($9,960m) with commercial and specialized banks in the country since 1982, according to a statement by the Minister of Finance, Mr. Jassim al-Khorafi, on 13 October. The Minister's statement was made in reply to questions tabled by a National Assembly deputy, Mr. Jassim al-'Aoun, and included details of the...