Kuwait tightens control on investment firms-KUNA | Reuters

Kuwait's central bank has tightened control on borrowing in the country's investment sector and given companies two years to comply, state news agency KUNA said on Wednesday.

The central bank governor, Sheik Salem Abdul-Aziz al-Sabah, told KUNA a revision of the regulator's policies showed the need for new controls on financial leverage, liquidity and international borrowing.

He said the global financial crisis uncovered weaknesses in risk and asset management in some of the country's investment companies.