Financial and Banking News


Kuwait's Foreign SGR Portfolio Drops $2.6bn in 1985

Figures released to Kuwait's National Assembly by the Minister of Finance, Mr. Jassim al-Khurafi, on 21 May indicate that the foreign portfolio of the State General Reserve (SGR) was reduced by some KD739mn ($2.56bn) during 1985. On the other hand, the local portfolio of both the SGR and the Reserve Fund for Future Generations (RFFG) was increased by KD777mn. The latter figure...