Kuwait SWF fifth among top world funds: Report
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.
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.
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.