| From Zawya Dow Jones: The Kuwait investment Authority, or KIA, has turned down a parliamentary proposal to set up a shariah-compliant specialized entity to support small projects by Kuwaiti nationals, Kuwait-based Al Anba daily reports Monday.
The sovereign wealth fund said that it is engaged in undertakings that have been in place for a long time that make creating such entity unnecessary, the paper reports citing KIA's response which was referred to parliament by Minister of Finance Mustafa Al Shamali..............................................Full Article: Source |