Tuesday 1 February 2011

Kuwaiti Investment Firms Need Support After Crisis, KUNA Reports - Bloomberg

Kuwaiti investment companies are “suffering” and need support after the global economic crisis, the state news agency KUNA reported, citing Asaad al-Banwan, chairman of the union of investment companies.

The union wants more government intervention ‘because what happened was more than what was expected and predicted, as a result of the drop of capital and the weakness of funding sources,’’ al-Banwan said, according to KUNA.

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