Sunday 20 April 2014
 
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Debt relief

Kuwait approves personal debt relief plan

Kuwait's parliament approved a plan on Wednesday to buy some citizens' personal loans, write off the interest and reschedule repayments. Finance Minister Mustapha al-Shamali said on Tuesday the government was expecting to

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Obama to offer debt relief to Egypt in speech

US President Barack Obama will unveil an economic aid programme for Egypt and Tunisia on Thursday as part of a broad effort to support democratic reform in the Mena region, US officials said. Senior advisers to Obama, previewing parts of h

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Kuwait MPs pass $1.9bn debt relief fund

Kuwait's parliament voted on Tuesday to increase to 500 million dinars ($1.88 billion) a state fund designed to help citizens settle personal debts, despite warnings by the Central Bank to contain spending. Deputies also approved a salary

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