We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Kuwait Fund gets $300M Chinese Asset Quote

Kuwait Fund gets $300M Chinese Asset Quote

Chinese authorities have granted Kuwait Investment Authority (KIA) an initial $300 million quota to buy yuan-denominated stocks and bonds, enabling it to diversify its assets, state news agency KUNA reported.


March 12, 2012 1:48 by

The Gulf state’s sovereign wealth fund can initially invest up to $300 million in mainland China’s securities market as a qualified foreign institutional investor (QFII), according to an announcement by China’s State Administration of Foreign Exchange (SAFE), KUNA said.

KIA had applied for the full $1 billion investment quota, the maximum amount that a single QFII can obtain from SAFE, KUNA said. It added that SAFE could give KIA the opportunity to increase the quota every month until it reaches that level.

Kuwait, one of the world’s top crude exporters, has a sovereign wealth fund managing assets in excess of $290 billion.

While Gulf funds have historically preferred to invest in Europe, many may turn their gaze eastward as growth slows and commercial ties deepen between the regions. (Reporting by Sylvia Westall)


Tags: , , , , , ,

Leave a Comment