NO. 23

11 MARCH 1991

Financial and Banking News

Regional Banking

KIIC Hopes to Open Dubai Office on 18 March

Kuwait International Investment Company (KIIC) hopes to start formaloperations in Dubai on 18 March. The company, which has received a license tooperate from the Dubai authorities, is now waiting for the Central Bank of theUAE to announce its approval for the move. Senior executives are expected tomove to Dubai in mid-March to join other KIIC staff already there.