Kuwait investment in Arab countries

This file relates to investment and finance in and by Kuwait. It contains correspondence relating to:

• Group of bankers’ visit to Kuwait on 9 to 11 April, headed by Eugene Black, to advise on Kuwaiti investment policy (21)
• Appointment of Erhard Houser of the Union Bank of Switzerland as manager of the Kuwait Investment Company (22)
• Kuwaiti delegation to Africa’s departure on 2 June 1963 (24)
• Kuwait Fund for Arab Economic Development (KFAED) and that it will not increase previous loans as a result of raising of the fund’s capital and will consider new applicants first; the publishing of its new charter; overall picture of the fund reported by L M Svoboda (25-27)
• Activity of American stockbrokers, investors and bankers in Kuwait and the absence of similar British interests (28)
• Possible Kuwaiti investment in the Far East and in particular the requests of Mr Bruce Seaton and Sir Sik-Nin Chau from Hong Kong (29)
• Kuwait Investment Company’s interest in establishing a textile mill in Sudan and UK consultancy firms advising on the soundness of the scheme (30)
• Report on the activities of the Kuwait Investment Company (31)
• Revised translation of the charter of the KFAED (32)
• Report in Al Rai Al Aam on the Indian Government’s acceptance of the loan of 50 million Kuwaiti dinar; subsequent clarification that there was never any question of discussions between India and Kuwait about economic aid, but a straightforward oil deal is being discussed (33, 39)
• Request for loans from the KFAED from the Governments of the Quaiti and Kathiri states in the Eastern Protectorate of Aden (34)
• Formation of Kuwait International Consultants (KINETCO) (35)
• Proposal of loans to Algeria and Yemen with £27 million extracted from KFAED (36)
• Discussion of a loan request to Kuwait from the Federation of South Arabia (37)
• Indication that Kuwait’s Ruling Family may be making new arrangements to invest their European funds (38)
• Visit to Tunisia of Dr F Chehab in his capacity as consultant for a large Kuwaiti business house of which the Kuwaiti Ambassador to Tunisia is a director (40)