VOL. XXXV

NO. 35

1-JUNE-1992

Financial and Banking News

Economic Policy

Gulf Investment Corporation Appointed to Study Privatization in Kuwait

Gulf Investment Corporation (GIC), which is owned by the six GCC states, hassigned a memorandum of understanding with the Kuwaiti Government to act as anadvisor on the privatization of public sector enterprises. Privatization wasunder consideration before the Iraqi invasion, although at that time it focussedon disposing of government holdings in insolvent...