VOL. XL

No. 29

21-July-1997

KUWAIT

New Gulf Investment Firm In Kuwait

The Kuwaiti Ministry of Commerce and Industry announced on 2 July that it had allowed agroup of 98 investors from Kuwait, Qatar, Saudi Arabia, the UAE, Syria, Jordan, Lebanon,Egypt, Tunisia, India, USA and Luxembourg to launch a new investment firm with a capitalof $93mn to target unlisted Middle Eastern equities and regional stock markets. GulfinvestInternational whose shareholders include companies such as Lebanon Invest...