NO. 17


Financial and Banking News

Investment News

Kuwait's Audit Bureau Pinpoints Investment Problems At KIA

Kuwait's Audit Bureau has issued a damning indictment of the way Kuwait'sfinancial reserves used to be managed by the Kuwait Investment Authority (KIA).In its recently published report on KIA's activities during the financial year1991/92, the Bureau lists a series of losses incurred by KIA in both regionaland international markets. They include the following:

- The...