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Kuwait faces job losses from investment firms
Source: BI-ME and Bloomberg , Author: BI-ME staff
Posted: Thu January 8, 2009 12:00 am
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KUWAIT. Thousands of people employed in Kuwait’s private financial sector face the possibility of being laid off as losses of investment companies rise, Al-Watan reported, without saying where it got the information.

Investment companies are short of liquidity with banks reluctant to lend money, and the government, parliament and companies need “unconventional solutions” to deal with the crisis, the newspaper said.

Kuwait’s Central Bank Governor Sheikh Salem Abdul-Aziz al- Sabah said on 4 January that Kuwaiti investment companies’ local debt was KWD 2.9 billion (US$10.4 billion) and their external debt was KWD 2.3 billion.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 9, 2010
UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.
date:Posted: February 8, 2010
INTERNATIONAL. Trying to achieve financial goals by pouring all of one's assets into emerging markets today, telecommunications tomorrow, and Japanese small-cap stocks next week is not a guarantee for achieving a sound financial plan.
date:Posted: February 8, 2010
INTERNATIONAL. The latest survey shows 46% of respondents expect their business travel to increase, marking a rise by 22 points compared with figures of the same period in 2009.
UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.