Kuwait is interested in investing in London real estate projects after focusing on completed properties for several years, Boris Johnson, the city’s mayor, said after meeting with members of the Kuwait Investment Authority.
Sovereign wealth funds, which control about $6 trillion of wealth globally, are boosting investments in alternative assets like real estate and private equity to increase returns, a survey by Invesco Ltd. found.
The governments of Norway, Kuwait, China and Singapore have lost 3.4 billion pounds ($5 billion) on BP Plc’s share slide since the Gulf of Mexico oil spill started in April, data compiled by Bloomberg show.
In the spring of 1945, Harald Quandt, a 23-year-old officer in the German Luftwaffe, was being held as a prisoner of war by Allied forces in the Libyan port city of Benghazi when he received a farewell letter from his mother, Magda Goebbels -- the wife of Nazi propaganda minister Joseph Goebbels.
Kuwait Investment Authority, the country’s sovereign wealth fund, will invest $800 million in the initial public offering of the Agricultural Bank of China Ltd., Kuwaiti Finance Minister Mustafa al-Shimali said.
Kuwait Investment Authority, the emirate’s sovereign wealth fund, said it hasn’t made any changes to its investment strategy in Europe, denying a report that it plans to scale back investment in the euro region.