| The oil-rich Gulf state of Kuwait had accumulated reserves of $US548 billion ($A592.91 billion) as of June 30 after continued growth in the first six months of 2014, a local daily has reported. The reserves are invested in two state funds, the State Reserve Fund with $US149 billion and the Reserve Fund for Future Generations with $US399 billion, Al-Qabas newspaper said on Sunday, citing a report by the Audit Bureau, Kuwait's state accounting watchdog.
Both funds are run by the Kuwait Investment Authority, the country's sovereign wealth fund. The report said the reserves had increased by $US15.7 billion in the first six months of 2014...............................................Full Article: Source
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