Kuwaiti Banks Set To Return To Kuwait City Mergers And A Free Floating Dinar Loom

BANKS

Kuwaiti banks are slowly moving their treasury operations back to Kuwait City as infrastructure and communications in the country are restored. Burgan Bank and Gulf Investment Corp. are both planning to move back to Kuwait City by the end of the summer. Meanwhile rumors abound that completely free trading in the Kuwaiti dinar will resume shortly.

Burgan Bank, currently running its operation out of London, expects to move to Kuwait at the end of June, according to treasurer Chris Wood. "By th

To continue reading...