kuwait finance minister braces for mps' confidence vote
kuwait (reuters) - kuwait's finance minister braced for a likely vote of no confidence on thursday, orchestrated by opposition lawmakers who will question him in parliament over alleged financial irregularities in departments he oversees. mustapha al-shamali, who has repeatedly rejected the accusations, may resign rather than face the confidence vote, which he is unlikely to win, kuwaiti me...
strategic finance investors get another 1.5 cents in the dollar
investors in strategic finance got paid another 1.5 cents in every dollar they had put into the failed lender this month, and are still facing a best-case scenario of clawing back 26 percent of their principal, according to the latest receiver's report.
kuwait's finance minister quits after grilling
kuwait's finance minister mustafa al-shamali resigned on thursday following a marathon grilling in which opposition mps accused him of wide-ranging financial irregularities.
finance company director admits guilt
a director of a failed auckland finance company has pleaded guilty to a total of 23 theft and fraud charges.
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