Financial and Banking News
KFTCIC Sets Up German Investment Venture
The Kuwait Foreign Trading, Contracting and Investment Company (KFTCIC) hastaken a 50% share in the capital of a newly-established German investmentcompany known as BKK Capital Management GmbH. KFTCIC's role is the result of ajoint venture with Berliner Bank AG, which has put up the remainder of the newcompany's DM50mn ($25.6mn) capital. Headquartered in West Berlin, the company...