| From Reuters: Kuwait's finance minister expressed confidence in the Gulf Arab state's sovereign wealth fund investment in U.S. bank Citigroup, saying in remarks published on Tuesday that it could turn profitable. The Kuwait Investment Authority (KIA) has come under fire from some parliamentarians for investing $5 billion last year in U.S. banks Citigroup and Merrill Lynch.
"Our investment in Citi... is beneficial... and God willing we will reach a stage where it becomes profitable," Mustapha al-Shamali told al-Rai newspaper......Full Article: Source
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