Thursday 24 March 2011

National Bank of Kuwait delays expansion, Kuwait Industries - Maktoob News

National Bank of Kuwait, the country's biggest lender, is delaying expansion plans due to regional unrest, its top official said on Thursday.

Chief Executive Ibrahim Dabdoub also said he expects flat profits in 2011.

Political unrest in the Middle East and North Africa, including protests in Kuwait, has raised risk premiums and sent many investors to the sidelines.

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