Kuwait Sets Up Fund For Small Businesses
The Kuwaiti Parliament on 9 May passed a law to establish a KD50mn ($163mn) fund tohelp private sector citizens start small businesses. The fund will be set up with theIndustrial Bank of Kuwait and will be allocated money from the state revenues. It will notlend to state employees unless they resign from government employment. The law calls forcoordination with the Kuwait Investment Authority (KIA) - the investment arm...