Kuwait is converting its US$4 billion in deposits at Egypt's Central Bank into direct investments, following Gulf peers in significantly ramping up economic stakes in Egypt. This move by the Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth powerhouse, underscores an aggressive shift from passive financial support to active,...
Kuwait is converting its US$4 billion in deposits at Egypt's Central Bank into direct investments, following Gulf peers in significantly ramping up economic stakes in Egypt. This move by the Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth powerhouse, underscores an aggressive shift from passive financial support to active,...