Tuesday 8 March 2011

Kuwait Won’t Liquidate Investments Because of Unrest - Bloomberg

Kuwait won’t liquidate investments in countries experiencing unrest, Finance Minister Mustafa al- Shimali said.

“Kuwait will change investment policies in these countries, yes, but will not liquidate” investments, al-Shimali told reporters in parliament today. The minister declined to provide details of planned policy changes.

More than two months of protests have rocked the Middle East and North Africa as citizens demand civil rights, higher living standards and the ouster of entrenched autocratic regimes. Governments from Jordan to Yemen have offered concessions to quell public discontent.

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