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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Financial sector stable says Kuwait

Posted on 11 May 2009

From Tradearabia.com: Kuwait’s financial sector is more stable than in the fourth quarter but it is too early to say whether it has totally overcome the impact of a global crisis, the country’s central bank governor said.

In October, the Opec member had to step in to save Gulf Bank, the only major bank in the Gulf region requiring a government bailout, while several major investment firms are struggling to get new loans…….Full Article: Source

 
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