Kuwait Bourse in Talks With Staff to Avoid Strike, Director Says - Bloomberg

Kuwait Stock Exchange is holding talks with employees to avert a strike planned for tomorrow, said Hamed al-Saif, the director and head of the exchange.

“There’s still negotiations with the staff because we believe they have rights,” al-Saif said in a phone interview today. “We’re trying not to allow this strike.”

Stock exchange employees are planning to strike for two hours tomorrow morning to protest against a decision by Commerce Minister Amani Boresli affecting wages, Al-Rai reported today. A decision on the employees’ salaries and benefits associated with their transfer to the Capital Markets Authority was taken by the authority, while Boresli has refused to hold a stock market committee meeting to decide on the issue, Al-Rai reported.

* username: rupertbu