
Kuwait Investment Company (KIC) announced Saturday that the European shares fund, which the company is managing, had posted an increase in profits by 8.96 percent in first quarter of 2013. Assistant Manager at Kuwait Investment Company (KIC) Abdullah Abdulhadi told the press that the European shares fund posted higher profits than Morgan Stanley's European shares index which posted profits of 5.86 percent within the same period. Since its establishment, the fund has achieved 64.6 percent in profits on an annual basis within the same period, also higher from the Morgan Stanley's index which was at 13.3 percent, Abdulhadi indicated. Abdulhadi stressed that the profits for the European shares fund were made due to positive economic situation in Europe and KIC's relentless efforts in using the right economic tools to achieve profit. The official added that the fund's capital was at 15 million euros. KIC is managing several local and international funds. The company is managing funds in North America and Europe and succeeded in generating profits in the first quarter of this year.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor