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)....