Wednesday, 22 May 2013

MIDEAST WEEKAHEAD-Slow progress on development projects puts Kuwait stock market boom at risk | Reuters

"Kuwait's stock market boom could run out of steam if the government doesn't push ahead soon with long-delayed infrastructure projects aimed at diversifying the oil-reliant economy.

Turnover on the Kuwait Stock Exchange has tripled from six months ago as reduced political unrest and an improved economic outlook have spurred hopes that mega-infrastructure projects will finally get off the ground.

The benchmark share index has risen 38 percent this year, driven by local retail investors mainly, with small cap stocks attracting the bulk of fund inflows."

'via Blog this'

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