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FINANCIAL NEWS
Kuwait to continue spending on projects
05 Jan 2015
(MENAFN) The Kuwaiti Finance Ministry said that the continuous fall in oil prices will not affect Kuwait’s economic development projects, adding that the government plans to continue to support capital expenditure in the economy, Gulf Daily News reported.
The Ministry also said that the government made the decision to cut its subsidy burden by raising the price of diesel at wholesalers and fuel stations
Meanwhile, the country’s Oil Ministry said the government had decided to postpone any removal of subsidies from petrol, electricity and water.
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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