NO. 52


Financial and Banking News

Gulf Crisis

Shaikh 'Ali Reassures Markets on Kuwait Investment Policies

Kuwait's Finance Minister Shaikh 'Ali Khalifah al-Sabah moved quickly toreassure financial markets that the sale by the Kuwait Investment Office (KIO)of a 10.1% stake in the British property company Mount Churchill did not presagea more widespread sale of assets. The sale of the stake, valued at about $111mn,was the first confirmed disposal by KIO since the Gulf...