Wednesday 30 July 2014
 
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Kuwait fund

Kuwait fund to focus on infrastructure in West

Kuwait's sovereign wealth fund, one of the world's largest, will focus on increasing its infrastructure investments in British, US and European markets and is also looking at the international real estate sector, its managing director sa

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Bahrain, Kuwait fund reach housing grants deal

Bahrain has reached an agreement with Kuwait Fund for Arab Economic Development on a grant to fund parts of Northern City and East Hidd housing projects, said a senior government official. Housing Minister Bassem Al Hamer added th

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Kuwait fund to boost China investments

Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth fund, plans to boost its investments in China after opening an office in the world's second largest economy, a KIA official told the state news agency.   "Chin

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KIA says open to RBS stake buy

The Kuwait Investment Authority (KIA) would consider buying a stake in British lender Royal Bank of Scotland but no offer has yet been made, the sovereign wealth fund's managing director said on Tuesday. "They did not offer us a stake. Whe

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KIA says not to liquidate Mena investments

Kuwait Investment Authority (KIA), the Gulf state's sovereign fund, is not considering  liquidating any of its investments in Mena region, an unnamed source said in published remarks on Tuesday. Recent political unrest in the regi

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NBK trains Kuwait Fund staff

The National Bank of Kuwait (NBK), the leading bank in Kuwait, has organised a hands-on banking and administrative skills training programme for the employees of the Kuwait Fund for Arab Economic Development (KFAED). NBK’s efforts are part

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Kuwait wealth fund to buy $792m Areva stake

Kuwait's sovereign wealth fund is to take a 600 million euro ($792 million) stake in French nuclear group Areva as part of a capital increase that will also see the French state invest 300 million. Economy Minister Christine Lagarde sa

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Kuwait state fund 'to cut euro zone investments'

Kuwait Investment Authority (KIA), the country's sovereign wealth fund, is planning to reduce investments in the euro zone on fears another crisis involving Portugal and Spain is lurking, an Arabic-language daily said. Citing sources f

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Kamco Q2 profit dives 95pc

Kuwaiti fund manager Kamco, cited in a legal action by the US authorities, has reported a 94.82 percent slump in its second-quarter profit. Kamco said in a statement posted on its website that its profit in the quarter fell to KD275,760 ($

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