NO. 44


Financial and Banking News

Financial Policy

KIO Puts Three Months' Working Capital into Ercros

Officials and advisers of the Kuwait Investment Office (KIO) are still tryingto get to grips with the Spanish investments made by the organization'sprevious management team. On 23 July KIO announced that it would put Pta4,000mn($40mn) of working capital into the Ercros fertilizer company to ensure thatit can pay salaries and continue production for three months. At the end...