Financial and Banking News
United Bank Of Kuwait Raises $16.2Mn For Oil-Linked Fund
London-based United Bank of Kuwait (UBK) has raised $16.2mn for itsclosed-end oil investment fund. The fund, whose full name is The Oil InvestmentLinked Deposit (shortened to `Oil'), is a three-year deposit which is linked toprice movements of West Texas Intermediate (WTI), the main US benchmark crude.At the beginning of each year the fund establishes a strike...
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