Financial and Banking News

KUWAITI BANKS AWAIT DECISIVE ACTION

Over six months have passed since the first official indication was given by the Kuwaiti Finance Minister to the National Assembly that all was not well with the country's banks, and that some form of rescue package would be required to help certain banks deal with the problem of non-performing loans. The 'debt crisis' has since become the dominant feature of Kuwaiti domestic politics, yet no rescue package has yet...