Kuwait SWF fifth among top world funds: Re­port

Kuwait Times - - LOCAL - By A Saleh

Ac­cord­ing to a lat­est re­port by the Sovereign Wealth Fund (SWF) In­sti­tute in Septem­ber, Kuwait was ranked fifth amongst the world’s top sovereign wealth funds with an in­crease in its as­sets to $592 bil­lion. Nor­way came first with $885 bil­lion, fol­lowed by China with $813 bil­lion, Abu Dhabi with $792 bil­lion and Saudi Ara­bia in fourth place with $598.4 bil­lion in as­sets.

Amaze­ment

MP Yousef Al-Zalza­lah ex­pressed amaze­ment at the govern­ment’s haste in ad­just­ing the civil ser­vice law, view­ing it as an at­tempt to cut salaries.

Min­istry projects

MSAL Un­der­sec­re­tary Mu­tar Al-Mu­tairi made a pre­sen­ta­tion and de­liv­ered a lec­ture on min­istry projects be­fore rep­re­sen­ta­tives of over 50 co-ops and the chair­man of the Kuwaiti Co­op­er­a­tive So­ci­eties Union Saad Al-Shabbo. Mu­tairi ex­plained that the projects in­clude build­ing a blood bank at Adan Hospi­tal, ex­pand­ing the Kuwait Autism Cen­ter, a blood bank in Jahra and es­tab­lish­ing a spe­cial com­pany to re­cruit do­mes­tic helpers.

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