31.08.2009 - Mergers remain difficult option for Kuwaiti finance firms
From Kuwaittimes.net: Mergers between Kuwaiti financial institutions, suffering from the global economic crisis, remain a difficult option that is being avoided due to the ownership structures of these firms and the nature of their managerial board. With the harsh impact of the global crisis on the local financial sector, calls are being made to offer mergers as a primary solution to bring financial firms out of this predicament, but none of the companies have taken steps in this direction..............Full Article: Source