Banking & Finance

KIA posted loss of $1bn in fiscal year

Kuwait Investment Authority (KIA), one of the world’s biggest sovereign wealth funds, said it had incurred a loss of 312 million dinars in the financial year ended in March 2016,…

 
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Industry & Trade

Kuwaiti, Canadian investors take stake in UK’s Thames Water

A consortium of Canadian and Kuwaiti investors has agreed to buy a minority stake in Britain’s Thames Water from funds managed by Macquarie, ending the Australian group’s 11-year investment in…

 
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Banking & Finance

Kuwait sovereign wealth fund appoints new managing director

Kuwait Investment Authority (KIA) has appointed Farouk Bastaki as managing director to replace Bader Mohammed al-Saad, newspaper al-Rai reported on Monday, quoting unnamed sources. The KIA is one of the…

 
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