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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Finance Minister denies giving halt to KIA studies presented by companies

Posted on 08 July 2009

From Zawya.com: Finance Minister Mustafa Al-Shimali denied on Monday local reports of him giving guidance to Kuwait Investment Authority (KIA) regarding the halt of all studies and plans presented by investment companies which included proposed plans to save those companies.

The minister said that he did not give any such orders to KIA, particularly since their strategic plan calls for utilizing and analyzing investment opportunities which would benefit public funds………Full Article: Source


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