sovereign wealth fund

Kuwait's political instability leading to an economic crisis

Kuwait Investment Authority or the KIA is among the five largest sovereign wealth funds in the world. KIA is also the world’s oldest sovereign wealth fund. Yet, despite such an impressive profile, political infighting in Kuwait threatens the KIA and may fuel an economic crisis. Sabah al-Ahmad al-Jaber al-Sabah, the 15th Emir or the ruler of Kuwait, was an influential figure in the Middle East. He passed away in September

China violates Malaysian airspace; Share of USD reserves with central banks globally falls to 59%

China violates Malaysian airspace   China has violated Malaysian airspace. The Malaysian air force detected 16 Chinese fighter jets flying within 60 nautical miles off their Sarawak state. This is the region where China is trying to lay its claim as per the ‘Nine-dash line’. Not only Malaysia and other countries in the region, but also the international tribunal have rejected this ‘Chinese line’. As usual, China has denied wrongdoing