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.
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.
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.
Kuwaiti opposition lawmakers said they may question Finance Minister Mustafa al-Shimali over the Kuwait Investment Authority’s handling of the sale of a stake in Mobile Telecommunications Co., known as Zain , to Etisalat.