VOL. XXXVI

NO. 11

14-DECEMBER-1992

Financial and Banking News

REGIONAL BANKING

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...