Financial and Banking News


KFAED Not Affected by Budget Deficit Says Official 

The Kuwait Fund for Arab Economic Development (KFAED) will not be affected by deficits in the public budget, according to Mr. Bader al-Humaidhi, KFAED's Deputy Director, in an interview with the Kuwaiti-daily al-Rai al-'Am on 20 October. Mr. Humaidhi said that "the Fund's $2bn capital is set by law, and the Kuwaiti authorities are keen to preserve KFAED's strength to enable...