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Sovereign Wealth Funds Briefing - Categorized | Market

Kuwait SWF sees oil prices falling

Posted on 06 February 2009

From Reuters: The head of Kuwait’s sovereign wealth fund KIA expects global oil prices to fall further in the next six months, state news agency KUNA reported on Thursday.

Bader al-Saad, managing director of the Kuwait Investment Authority and a board member of state-run Kuwait Petroleum Corp, said he expected “global oil prices to continue to fall in the next six months which is seen as the biggest challenge (Kuwait’s) coming budget is facing”, KUNA reported….. Full Article: Source


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