VOL. XLI

No. 48

30-November-1998

KUWAIT

Kuwait Government Forms Committee To Stabilize Stock Market

At its weekly meeting on 22 November the Kuwaiti Council of Ministersdecided to set up a high-ranking ministerial committee with executive powers to developmechanisms aimed at stabilizing trading on the Kuwait Stock Exchange (KSE), which hasdeclined by over 30% since the beginning of 1998. The committee will be headed by theKuwaiti Minister of Commerce and Industry and Acting Minister of State for...