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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

Kuwait says committed to foreign assets despite crisis

Posted on 21 October 2008

From Reuters: Kuwait remains committed to its foreign investments held by the Gulf Arab state’s sovereign wealth fund despite some losses due to the global financial crisis, its finance minister told the state news agency.

The major OPEC producer was a long-term investor with its holdings abroad, Mustafa al-Shamali told KUNA after a weekly cabinet meeting on Monday. He said Kuwait’s investments abroad had not been affected strongly by the financial crisis. “Kuwait’s investments are of long-term nature, therefore the impact of the crisis is smaller,” Shamali added….. Full Article: Source


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