Financial and Banking News


Growth of Kuwaiti Reserves Increases 

Kuwait's financial reserves grew by 3.7% during the second half of 1985, the fastest six-monthly increase recorded since the first half of 1983, according to figures prepared for the National Assembly by the Minister of Finance, Mr. Jassim al-Khurafi and published last week. The Reserve Fund for Future Generations (RFFG) held KD12.89bn at the end of 1985 while the State General Reserve (SGR)...