Financial and Banking News
KIO May Reduce Its Stake in BP
The Kuwait Investment Office (KIO) might reduce its 22% stake in BritishPetroleum if market conditions were right, according to the Governor of theKuwait Central Bank, Shaikh Salim 'Abd al-Aziz al-Sabah. In an interview withReuter last week Shaikh Salim said "we are investors and at any time wefind there is an opportunity to sell our investments, we will definitely moveahead." Asked if the...