Financial and Banking News
KIIC Reports First Half Recovery
The Kuwait International Investment Company (KIIC) has reported a recovery in its profitability during the first half of 1986 after two years of heavy losses. According to unaudited figures released by the company, net profit excluding provisions increased fivefold to KD3mn during the first six months of this year, compared with KD0.6mn in the equivalent period last year. Last year's net profit before...