21 JANUARY 1991

Financial and Banking News

Gulf Crisis

KIIC Hopes to Transfer to Dubai in Early February

Kuwait International Investment Company (KIIC), one of Kuwait's threeprincipal investment houses, hopes to transfer its operations to Dubai in earlyFebruary. The company expected to receive formal approval for the new officefrom the UAE central bank in mid-January. About 40 staff will work in the Dubaioffice, which will act as KIIC's head- quarters until a return to Kuwait. The...