Financial and Banking News


Kuwaiti Investment Income Drops

Figures released by the Kuwaiti government's Audit Bureau on 5 January show that the state's income from investments fell by some 20% to KD1,288mn ($4.3bn) during the 1983/84 fiscal year ending on 30 June 1984. Total Kuwaiti reserves rose by some KD800mn ($2.7bn) from KD21.8bn ($73.9bn) to KD22.6bn ($76.6bn), of which the Fund for Future Generations (FFG) accounted for KD10.8bn ($36.6bn). The drop in...