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REGIONAL BANKING

Al Hamad Sets up PHIL After Completing World Bank Mission

Mr. 'Abd al-Latif al-Hamad, the former Minister of Finance and Planning of Kuwait, has returned to the business of establishing a privately-owned investment company after completing an eight-week stint with the World Bank during which he coordinated a novel $1.1bn aid facility for Africa. Speaking to MEES in Kuwait recently, Mr. al-Hamad revealed that his plans for subscribing...