Financial and Banking News

INVESTMENT ACTIVITIES

Kuwait Reduces Investment Company Licenses

The Central Bank of Kuwait last week issued licenses for 20 investment companies to operate in Kuwait, following evaluation and registration procedures aimed at weeding out the weakest and least viable companies. The new abbreviated list includes the principal players in the Kuwaiti financial markets, but excludes some of the names of the early 1980s. Among the significant players in the pre-Manakh...