VOL. XXXVI

NO. 21

22-FEBRUARY-1993

Financial and Banking News

REGIONAL FINANCING

Banks Sue al-Ghanim for Unpaid Debts

A petition for the winding up of Yusuf Ahmad al-Ghanim, the Kuwaiti agent ofGeneral Motors and British Airways, and one of the country's premiercorporations, is due to be heard in an English court on 24 March. The petitionwas lodged in early February by four banks - ABN-Amro, Bank of Tokyo, GulfInternational Bank (GIB) and United Bank of Kuwait (UBK) - which citednon-payment of...