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  Economics
KIA fosters forum on investment opportunities
05/12/2012 | LOC17:37
14:37 GMT
| Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط
KUWAIT, Dec 5 (KUNA) -- Kuwait Investment Authority (KIA) organized here today a forum in cooperation with Morgan Stanley Corp. at the headquarters of the Arab Fund for Economic and Social Development (AFESD).
Abdullatif al-Hamad, board chairman of AFESD, in a speech opening the forum, applauded such meetings among finance and economy specialists in that they offered an opportunity to examine the global financial and economic picture and seek solutions for problems affecting that picture.
The forum was being held under the theme of "A future outlook at the global economy and opportunities for investments ." Director of strategies and planning at KIA Fahad al-Salem stressed the importance of the forum, noting that many financial and economic analysts attended it.
Among the topics discussed at the forum today were economic expectations and forecasts in view of the current economic uncertainties engulfing many world markets, and investor skittishness investing in euro-dominated economies because of the shakiness of the status of the euro.
The participants in the forum expected the global economy to grow this year at an anemic 3 percent which is the same percentage for last year.
The participating financial and economic analysts and observers agreed among themselves that the euro crisis should be resolved via every nation taking the appropriate steps to reform their economies and bring to balance their financial status. (end) Fh.ajs KUNA 051737 Dec 12NNNN
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