There is still tension on the Iraq-Kuwait border…
- Published on Tuesday, 12 March 2013 06:40
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Iraqi police said they shot in the air to disperse stone-throwing crowds protesting against the demarcation of the border with Kuwait on Monday, leaving some on the Kuwaiti side believing they were being fired at, according to media reports.
The protest, and the confusion over the shooting, underlined localized tensions over the position of the frontier that have persisted more than two decades after Saddam Hussein’s invasion of Kuwait.
“Kuwait, ‘the back office of logistical support’ for Syria’s rebels”
- Published on Thursday, 07 February 2013 17:09
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To many observers, Kuwait’s decision to host a United Nations meeting last week to raise humanitarian aid for Syrians – and its pledge of US$300 million to the effort – were the most overt steps that the country has yet taken to get involved in the crisis.
Until then, Kuwait had appeared largely absent from regional diplomacy on the crisis, while Qatar has funded and hosted the political opposition to Mr Al Assad and Saudi Arabia has reportedly sent arms to anti-regime fighters.
Yet interviews with aid organisations and officials suggest Kuwait has played a no less pivotal role than its Gulf Arab neighbours during the 22-month uprising. This country of 2.6 million people has emerged as a central fund-raising hub for direct financial support to insurgents fighting the Assad regime and for humanitarian aid to rebel-controlled areas, which are said to encompass slightly more than half of the country.
Kuwait wealth fund assets top $291 billion, focuses on PE not bonds, while Kuwait Petroleum joins $9 billion oil refinery venture in Vietnam
- Published on Tuesday, 05 February 2013 14:16
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“The Kuwait Investment Authority (KIA) is focused on private equity funds instead of bonds, Badr Al Saad, the head of Kuwait’s sovereign wealth fund, said yesterday.
Mr Al Saad said that the KIA has been investing in private equity funds where the returns are good and is shunning bonds because interest rates are so low.
“We have been investing in private equity funds lately … the returns are good,” he said in rare public comments about the KIA’s investment strategy. He named Texas Pacific Group and CBC as two of the funds the KIA has been investing in.
He said the fund wanted to invest in upcoming infrastructure projects in Europe and the United States.
“We think that these countries need to develop their infrastructure. We think that investments in infrastructure will be big in the next five years,” he said. Read the full article from The National.