VOL. XXXIX

No. 17

22-January-1996

KUWAIT

'Ali Al-Badr To Stay On As Chairman Of KIA

The Chairman of the Kuwait Investment Authority (KIA), Mr. 'Ali Rashid al-Badr, who tendered his resignation on 10 December 1995, has announced that he intends to stay in office until the expiry of his original contract in March 1997 (MEES, 18 December 1995). The news will be greeted with considerable relief by bankers and economists in Kuwait, where Mr. Badr enjoys widespread respect for the conviction...