VOL. XXXVI

NO. 17

25-JANUARY-1993

Financial and Banking News

KUWAITI INVESTMENTS

New Law Gives Kuwaiti Parliament Power to Scrutinize Investments

The new law to protect Kuwaiti investments, which was passed by Kuwait'sNational Assembly on 19 January, requires all state-owned companies and anycompanies in which the state has a stake of 25% or more to report theirinvestment transactions to the government auditing authorities. The auditingauthorities must then make six-monthly reports to the assembly....