NO. 19


Financial and Banking News

Economic Policy

Kuwaiti Assembly Approves Pay Hike for Government Employees

The Kuwaiti Assembly has approved a government proposal to increase thesalaries of government employees by 25%, effective from March. Before theIraqi invasion in August 1990, government figures showed that 92.5% of the theKuwaiti labor force was employed by the government and the percentage isunlikely to have shrunk since then. The pay rise was proposed by the...