KUWAIT (Reuters) – A rainy day fund managed by Kuwait Investment Authority (KIA) had assets currently worth over $ 261 billion at the finish of March last year, a neighborhood newspaper reported about Sunday citing a government audit. Oil-producing Kuwait, among the world’s richest nations per capita, puts a percentage of its yearly profits into the Future Generations Fund, a nest egg for whenever oil supplies diminish or for whenever the economy suffers different shocks. Daily al-Qabas mentioned 47 % of the fund was invested inside stocks plus which its total size was 73.63 billion Kuwaiti dinars ($ 261. …
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