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Sovereign Wealth Funds Briefing - Categorized | Investment

Kuwait to invest $5.4 bln in local stocks

Posted on 05 December 2008

From Forbes: Kuwait’s sovereign wealth fund will begin investing at least 1.5 billion Kuwaiti dinars ($5.4 billion) in Kuwaiti equities this month to boost confidence in the exchange, the country’s finance minister said on Thursday.

Kuwait is seeking to reassure investors in the Gulf Arab country, where a fall of about 30 percent in the exchange’s main index this year has ignited protests among traders….. Full Article: Source


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