Kuwait

Kuwait: Wave of grilling requests

Kuwait: Wave of grilling requests

Further battles between the National Assembly and the executive beckon, as opposition MPs continue to raise concerns about corruption and mismanagement in ministries. Latest in the firing line are interior minister Sheikh Khaled Al-Jarrah Al-Sabah, who is being targeted for a grilling (official questioning) by MP Riyadh Al-Adasani over lax border controls, and health minister Sheikh Basel Al-Sabah, who MP Omar Al-Tabtabai wants to question over alleged corruption during the construction of the KD 179m ($589m) Sabah hospital.

How Kuwait Investment Authority Built A Solid Savings Nest

It has long been a very secretive organization, but lately there have been a few hints that the Kuwait Investment Authority (KIA), the country’s huge sovereign wealth fund, is starting to open up a little. Whether it represents the start of a longer-term trend towards full transparency seems doubtful, but it is a welcome development nonetheless.

After A Successful Issuance, Kuwait Is In No Hurry To Return To Global Markets

Kuwait made a splash with its debut in the international bond market in mid-March, raising $8 billion from regional and international investors following a five-day roadshow in London and three cities in the United States. Demand was high, with more than 778 orders totaling $29 billion, according to officials.

The Middle East's 10 Biggest Sovereign Wealth Funds (For Now)

Saudi Arabia’s plan to create a $2 trillion sovereign wealth fund has set an ambitious new standard for state-run investment vehicles. These funds are an increasingly common sight around the world, but particularly in the Middle East, where oil-rich governments like to squirrel away money when oil prices are high in preparation for leaner times. The Sovereign Wealth Fund Institute (SWF Institute) lists 79 funds in its rankings, with 20 of them in the Middle East and North Africa.