Kuwait CB governor rules out investment company bail-out

The Kuwaiti government will not step in to help the country’s ailing investment companies, Kuwait’s central bank governor, Sheikh Salem Abdul Aziz Al-Sabah, said at a conference in London today (Tuesday). His comments come amid rising tensions among politicians about whether an economic stimulus package, which will be put to the Kuwaiti parliament next week, should include bail-out measures to help troubled investment firms such as Global Investment House and Investment Dar. Both previously big borrowers in the loan market, they are now in the process of restructuring their debt.