From Kuwaittimes.net: Kuwait’s sovereign wealth fund KIA sees opportunities in real estate and stock markets overseas despite having launched a multibillion-dollar fund to buy into the Kuwaiti bourse, its managing director was quoted as saying.

The Kuwait Investment Authority (KIA), which manages the state’s oil-generated assets, bought last year into US banks such as Citigroup and Merrill Lynch before both shares fell and the latter was bought by Bank of America for a fraction of the price….. Full Article: Source