Financial and Banking News

REGIONAL BANKING

Forex Losses and Small Kuwaiti Claims Settled in Abulhassan Case 

The first official statement on the position of Jawad and Haidar Y. Abulhassan, the cash-strapped Kuwaiti moneychangers (MEES, 1 April), was made by the Minister of Finance and Economy, Mr. Jasim Muhmmad al-Khurafi on 9 April in answer to a question from the floor of the National Assembly. According to Mr. Khurafi, two groups of creditors have been substantially paid off so...