| Kuwait’s sovereign wealth fund is taking significant steps toward increasing its presence in China, establishing a representative office in Beijing with the aim of capitalising on the Asian giant’s rapid economic progress and rising demand for energy, Global Arab Network reports according to OBG.
The outlook for regional expansion this year by the Kuwait Investment Authority (KIA) was further boosted this month by official figures which showed the country’s revenues had surged by 40% in the first half of 2011, with higher oil prices and output driving the growth...............................................Full Article: Source
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