By Andrei Skvarsky.
Kuwaiti banks cut investing in public services by 68.8 per cent year-over-year by September 1, a Kuwaiti newspaper said, largely attributing the decline to extensive state control of the public services sector.
Kuwait’s banking community put 21.7m dinars ($70.5m) into education, healthcare and other public services in the period from January to August 2023 compared with 69.7m dinars ($227.9m) it did in the same eight months of last year, according to English-language daily Arab Times.
The public services sector received practically nothing from banks in July and only about 100,000 dinars ($323,000) in August, the paper said.
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