VOL. XL

No. 45

10-November-1997

KUWAIT

Kuwait Sheds Some Light On Its Investment Income

Last week some light was shed on the return that Kuwait earns from its overseasinvestments. The Kuwaiti Deputy Prime Minister and Finance Minister, Mr. Nasir al-Rudhan,revealed on 4 November that in fiscal 1996-97, income from Kuwait's foreign investments,which are managed by the Kuwait Investment Authority (KIA), exceeded for the first timethe projected figure for oil revenue in the 1996-97 budget, which...