Financial and Banking News
REGIONAL BANKING
Finance Minister Makes Further Revelations in Kuwait
Kuwait's Minister of Finance, Mr. Jassim al-Khurafi, has made two recent statements in the National Assembly which carry the seeds of potential future complications in the already tangled relationship between the Kuwaiti government and parliament. On 5 May he stated that the total volume of problem loans carried by the banks in Kuwait "could be about KD2,200mn" ($7.25bn)....
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