Draft Law Authorizes Foreign And Islamic BanksTo Operate In Kuwait
The Kuwaiti parliaments Committeefor Financial and Economic Affairs has approved a new draft law which willallow foreign banks to set up branches in Kuwait andexisting Kuwaiti-registered banks to open their own branches of Islamic bankslocally. The draft law will now be debated by parliament in its next session inthe fall.
The draft law stipulates that abranch of a foreign bank setting up in...
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