Financial and Banking News


Kuwaiti Investment Income Falls in 1984/85 

Figures published by the Audit Bureau of the Kuwaiti government last week indicate that the country's total income from investments fell from KD1,280.42mn ($4.3bn) in FY 1983/84 to KDl,153.96mn ($4bn) during the fiscal year ending on 30 June 1985. Total reserves at the end of the year totalled KD23,276mn ($79.7bn), with income representing a 5.1D return on the June 1984 total reserves of...