Trade Arabia - Middle East & GCC Business Information | Trade News Portal

Kuwait's government is ready to inject liquidity through its sovereign wealth fund the Kuwait Investment Authority (KIA) to support its stock market, a minister was quoted as saying on Monday.

The setup of the bourse authority will help improve the conditions of the Kuwaiti market, Kuwaiti daily al-Watan reported citing the Gulf state's Trade and Industry Minister Ahmad al-Haroun.

Last week, the country's prime minister said that eighteen candidates have so far turned down the offer to head Kuwait's new markets regulator, but the government hopes to fill the post soon.