Financial and Banking News
UK Equities Attract Arab Investors
Three acquisitions on the London stock exchange in recent weeks emphasize the continuing attraction of British equity investments for Arab investors. The London-based Kuwait In- vestment Office (KIO) has purchased a 6.88% stake in the engineering and motor vehicle group Vickers plc. The KIO's purchase coincided with the sale by the US financier Saul Steinberg of his 6.6% stake in the company,...