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Article: KUWAIT: GOVERNMENT FUNDS TO PROVIDE FOR THE WELFARE OF FUTURE GENERATIONS.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- February 7, 2001
CopyrightCOPYRIGHT 2001 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Al-Quds newspaper quotes from a statement made to Parliament at the beginning of June 2000 by Kuwait's Treasury Director-General Adel Muhsein Al-Hneif. He announced that the Government had transferred $6 billion of the profits of the Kuwaiti Investments Agency to a special fund set up to provide for the welfare of future generations. The newspaper notes that since establishing the fund in 1976, the Government of Kuwait ...
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