Kuwait
New rule in Kuwait: No more cash for gold or jewelry
The Kuwaiti government has officially banned the purchase of gold and jewelry with cash, in a move aimed at strengthening financial transparency and combating illicit activities.
Kuwait's Emir Sheikh Meshal al-Ahmad al-Sabah issued a decree on Sunday accepting the resignation of Deputy Prime Minister and Minister of Oil Emad al-Atiqi.
                                Emir of Kuwait Sheikh Meshal Al Ahmad Al Jaber Al Sabah, Abdulla Al Bedwawi/UAE Presidential Court/Handout via Reuters
Kuwait's Emir Sheikh Meshal al-Ahmad al-Sabah issued a decree on Sunday accepting the resignation of Deputy Prime Minister and Minister of Oil Emad al-Atiqi.
Kuwait's Finance Minister and Minister of State for Economic Affairs and Investment Nora Suleiman Al-Fassam has been appointed as acting oil minister, replacing al-Atiqi, Kuwait's ruling authority office or Emiri Diwan added in a statement.
Reporting by Ahmed Tolba and Adam Makary
The Kuwaiti government has officially banned the purchase of gold and jewelry with cash, in a move aimed at strengthening financial transparency and combating illicit activities.
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