Kuwait’s investment abroad down to KWD 1.3bn in Q1

Mubasher: The return on Kuwait’s investment abroad shrank by 14% or KWD 209 million ($700 million) during the first quarter of 2018 compared to the same period in the prior year.

Kuwait’s net income from investments abroad declined to KWD 1.33 billion in Q1-18 from KWD 1.54 billion in Q1-17, according to the balance of payments for Q1, Al Anba News reported.

The sovereign fund of Kuwait showed that assets of the GCC nation's overseas investment total $580 million, the news portal added.

Kuwait’s annual net investment income stands at $5.34 billion, Al Anba reported.

Mubasher Contribution Time: 02-Sep-2018 11:33 (GMT)
Mubasher Last Update Time: 02-Sep-2018 12:40 (GMT)