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Tuesday, June 29, 2010

Kuwaitis Banned From Travel

Tue, Jun 29, 2010, 12:52 GMT

Kuwaitis Banned From Travel Due To KWD784M Debts Pile -Report

Zawya Dow Jones News
 
Tuesday, Jun 29, 2010
BEIRUT (Zawya Dow Jones)--About 93,000 people in Kuwait have been banned from traveling due to their owing debts up to a combined total 784 million Kuwaiti dinars ($2.7 billion), Kuwait-based Al Watan daily reports Tuesday citing a Kuwaiti official.
About 31,000 of these people are Kuwaiti nationals with total debts of KWD241 million while non-Kuwaitis number approximately 62,000 with a combined debt of KWD543 million, the paper reports citing Ali Al Dhubaibi, chief justice at the high court of appeal in Kuwait and head of the country's sentences enforcement department.
Newspaper website: http://www.alwatan.com.kw/ArticleDetails.aspx?Id=39299
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2010 Dow Jones & Co.
(END) Dow Jones Newswires
29-06-10 0447GMT

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30 Years of experience in the markets, including some time as a broker.