Kuwait

Bader al-Saad, head of Kuwait’s USD 250 billion sovereign wealth fund, said European Union and US plans to force more disclosure of state investments could harm the global economy. “The consequences of imposing regulations on sovereign wealth funds will result in an adverse impact on global capital flows,” the Kuwait Investment Authority’s managing director said in a speech at a trade conference in Bourglinster, Luxembourg. “These regulations won’t solve or prevent any future financial crises.” (Bloomberg)