Middle East Economic Survey


No 15



GIC To Launch Gulf Bonds Fund

Kuwait-based Gulf Investment Corporation (GIC) is in the process of launching a special Gulf Bonds Fund. The fund, the first of its kind in the GCC and the Middle East, will invest in government and quasi-government bonds as well as corporate and financial institutions bonds. The head of the GIC Bonds Department 'Abd al-'Aziz al-Mullah said the fund was part of GICs strategy to enhance Gulf stock...