Financialand Banking News
KuwaitiAssemblyTakesHistoricVote On Debt Settlement
Kuwait's National Assembly has passed a law setting out the
terms under whichthecountry'sdebtorswilldischarge theirliabilities.Thedebts,arisingfrom the Suq al-
Manakh crash of 1982andfromtheIraqioccupationof 1990-91,havehobbledthe local economyfor 10 years and
cast a shadow over all areas of financial activity. The new law,which was passed on 31 August,involves a...