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Kuwait set for $1bn Egypt investment - report

09 April 2011

Kuwait Investment Authority (KIA) is planning to set up a company with $1bn in capital to invest in Egypt's stock market, Arabic Alrai daily has reported. "The head of the Kuwaiti delegation visiting Cairo revealed a decision by Kuwait Investment Authority to establish a company with capital of $1bn to invest in the Egyptian stock market," head of Kuwait's chamber of commerce, Ali al-Ghanim said. "We affirm of Kuwait's positive position towards Egypt, and we are confident about investing in Egypt."

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