Financial and Banking News
Kuwait's Investment Houses to Merge; KIIC Sells Stake in UBK
Kuwait's three biggest investment houses and the local company InternationalFinancial Advisers (IFA) are to merge into a single institution which will bemajority owned by the Kuwait Investment Authority (KIA), an arm of the Ministryof Finance. The three investment houses are Kuwait Investment Company (KIC,which is 65% KIA owned), Kuwait Foreign Trading...
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