Kuwait approves personal debt relief planKuwait'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 More… |
Obama to offer debt relief to Egypt in speechUS 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 More… |
Kuwait MPs pass $1.9bn debt relief fundKuwait'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 More… |