VOL.XXXVI

NO.44

2-AUGUST-1993

Financial And Banking News

FINANCIAL POLICY

Speaker Of Kuwaiti Assembly Seeks DisclosureOfCommissions On Arms Deals

TheSpeakerofKuwait'sNationalAssembly,Mr.Ahmad

Sa'dun,has specified four conditions which hewantsappliedto all weaponspurchase contracts between Kuwait and

other countries.These arefirstly,thatallcontracts shouldstatethat no commissions,eitherdirectly or indirectly,are part of thepurchaseagreement;secondly, thatifagovernment does pay commissions it must...