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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Call for KIA to invest in local banks

Posted on 24 February 2009

From Arabianbusiness.com: Kuwait’s sovereign wealth fund (KIA) should invest in local banks to shore up the economy in the face of the global crisis, the chief executive of National Bank of Kuwait said.

Kuwait should support the local market through direct investments in the bourse and increase capital expenditures to ease the financial turmoil, Ibrahim Dabdoub told a shareholders’ meeting….. Full Article: Source


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