VOL. XLVI

No 44

3-November-2003

KUWAIT

CAPITAL MARKETS

KIA Reshuffles Its European Investments

The Kuwait Investment Authority (KIA) has restructured its investment portfolio in Europe for the first time since 1983, according to a report in the Kuwait daily al-Qabas of 25 October. According to the report, the reshuffle was carried out by the KIA Europe Investments Department in a discreet manner without any tangible effect on prices in equity markets. Changes to the portfolio, valued at some $5bn,...