Financial and Banking News
KIO Denies Report of Sale of its Stake in BP
An official source at the London-based Kuwait Invest Office (KIO) hascategorically denied a ment report in the Times of London of 21 May that the KIOis planning to sell its stake in British Petroleum (BP). The source, quoted inSawt al-Kuwait of 22 May, said that the report was a baseless rumour. The Timesreport emanated from rumours circulating in the London Stock Exchange to...