CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Kuwaiti Bourse To Get State Support

Kuwaiti Bourse To Get State Support

by Lorys Charalambous, Tax-News.com, Cyprus

22 December 2008


Companies listed on the Kuwaiti bourse could reap the benefits of a long-term fund from December 23, according to a statement from the cabinet. The state fund, comprised of investments from local sovereign wealth funds, will help prop up the country’s stock exchange.

The announcement comes after a plea from the Kuwait Investment Authority earlier this month to help bolster the exchange; the value of shares listed on the second-largest Arab bourse has plummeted by 30% this year.

The size of the state fund has not been determined as yet, although Kuwait’s Finance Minister Al Shamali did indicate that the fund would exceed KWD1bn (USD3.7bn).


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »