Financial and Banking News

AID FLOWS

Kuwait Considers Halting Assistance to Frontline States 

Saudi Arabia has provided Jordan with $119mn and the PLO with $28.5mn as the second installment of its annual aid under the 1978 Baghdad Summit agreement. In Kuwait, however, the Financial and Economic Affairs Committee of the National Assembly has recommended that the government should stop payments to the frontline states (Syria, Jordan and the PLO). The recommendation will be debated this...