Loading ...News
Kuwait says no dispute with Citi
Kuwait has clarified that the sale of its stake…
.....................................................................
Related articles:
-
Not Kuwaiti, not hired
Kuwait plans to stop recruiting non-nationals in the public sector, ... -
Should the Philippines ban its citizens from working in the Gulf?
The majority of Kippreport readers believe domestic workers are ‘treated ...
Related modules:
-
The best Arab cities 2010
Saneou al Hadath magazine has compiled its annual list of ...
Related news:
-
I’ll keep my job, says Kuwait’s oil minister
Sheikh Ahmad Abdullah al-Sabah says he’ll retain his position, despite ... -
IOC suspends Kuwait’s Olympic committee
The International Olympic Committee (IOC) said…
Dec 13th, 2009
Kuwait has clarified that the sale of its stake in Citigroup earlier this month was not because of any dispute with the bank, reports Reuters. “The exit of Kuwait Investment Authority (KIA) from its stake in Citigroup for $4.1 billion was not due to any dispute between the two parties but it was an opportunistic investment,” Mustapha al-Shamali, Kuwait’s finance minister told al-Rai newspaper.
Last week, the wealth fund said that it made a profit of $1.1 billion by selling its stake in Citigroup.
Previous Story Next Story
