Real estate related economic and financial news covering the MENA region.
Kuwait boosts public sector wages, hopes to address inflation
Mar 14, 2012
Kuwait's government has decided to increase the salaries of nationals working in the public sector by up to 25% and ordering measures to head off inflation in the prices of basic goods, Reuters has reported. Government workers would get a 25% rise in their basic salaries, while pensioners would receive 12.5% more. Any increase in private sector wages will be announced at a later date, the government said. The wage raise follows a series of strikes last year that put pressure on state companies to increase pay packets.