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Kuwait investigates local bank’s dealing with Israeli company

December 25, 2022 at 2:50 pm

A general view of the Palace of Justice in Kuwait City [YASSER AL-ZAYYAT/AFP via Getty Images]

Kuwait said Sunday it has launched an investigation into suspicions of contracting with an Israeli company by a local bank, Anadolu reports.

In a statement, Finance Minister Abdulwahab Al-Rushaid said his ministry has formed a committee to investigate allegations that the Credit Bank has contracted with an Israeli company.

He said the bank had received a notice from the Audit Bureau that it was using a protection system for a company based in Tel Aviv.

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The minister called for immediately scrapping the contract, if proved true.

The bank had earlier denied reports about contacting with an Israeli company, saying the firm is a registered entity in Kuwait and has required licenses.

Kuwait has no diplomatic ties with Israel, and refuses to allow holders of Israeli travel documents or passports to enter its territories.

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