VOL. XLIII

No. 30

24-July-2000

KUWAIT

Kuwait Appoints Banker To Head Investment Body

On 17 July Salih Mubarak al-Falah was appointed managing director of Kuwait Investment Authority (KIA), which manages assets worth more than $50bn, according to the official KUNA news agency. The decision was taken during a meeting of the KIA board of directors chaired by the emirates Finance Minister, Shaikh Ahmad 'Abd Allah al-Sabah. The Kuwaiti cabinet last week approved the appointment of Mr Falah as board...