Monday 10 December 2018
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


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


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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