VOL. XLIII

No. 19

8-May-2000

KUWAIT

Kuwait To Allow Foreign Investment In Stock Exchange

The Kuwaiti parliament approved on 2 May a draft law that will allow foreigners including non-GCC nationals to invest in the countrys bourse, the Kuwait Stock Exchange (KSE), according to the Kuwait News Agency (KUNA). The law has yet to be approved by the Amir, but analysts say this is largely a formality. When the law will come into force, however, is still not clear. In the past, the KSE which has...