Moody’s downgrades Gulf Bank Kuwait

Moody's Investors Service has downgraded the bank financial strength rating (BFSR) of Gulf Bank in Kuwait to D+ from C-. Consequently, the long-term global local currency (GLC) and long-term foreign currency deposit

Cyprus beer consumption down in Jan-July

A 10.9% fall in tourist arrivals has taken its toll on consumption of locally produced beer in Cyprus, with local consumption in January-July 2009 down 11.9% over the same period of the