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KAMCO Launches a $173.8mNorth African CompanyKIPCO Asset Management Company (KAMCO) launched a new $173.8m company, North Africa Holdings (NAH), to exploit investment opportunities in North Africa. KAMCO has already placed 500 million shares of NAH with a number of local and regional investors to cover the NAH’s initial paid-up capital. NAH will target investment opportunities in five countries: Tunisia, Morocco, Algeria, Egypt and Libya. It is worth noting that KIPCO (Kuwait Projects Company), which owns a capital of $363m, has significantly contributed to the paid capital of the North African Company. Amlak Finance Posts 75% Growth in Q3-06 Profits Dubai-based Amlak Finance, the mortgage subsidiary of Emaar Properties, announced that its unaudited net income reached $62.9m in the first nine months of 2006, up 75% year-on-year. Amlak’s revenues amounted to $79m as of the end of September 2006, up 71% from the $46m registered in the same period last year.