Financial and Banking News


New Alahli Board Sacks Husaini 

In a move unprecedented in Kuwaiti banking circles, the new Board of Directors of Alahli Bank last week peremptorily dismissed their General Manager, Mr. Yousef A. al-Husaini. A terse announcement stated simply that Mr. Husaini had been dismissed while on vacation outside the country. On the rare occasions in the past when senior management has been removed in the Kuwaiti financial sector, this has invariably...