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Kuwait’s investment companies lose $32 bln in 6 months

Posted on 25 March 2009

From Xinhua: Kuwaiti investment companies have lost 9.2 billion Kuwaiti dinars (32 billion U.S. dollars) from the start of the global financial crisis last August to the end of this January, Kuwait News Agency (KUNA) Tuesday quoted official data as saying.

The figures published by the Central Bank of Kuwait (CBK) said overall capital of conventional and Islamic companies at the end of January stood at 20.8 billion dinars, compared to 30 billion dinars in July. ….Full Article: Source

 
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