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AME Info - Economy and Finance News

Daily, Dubai
Real estate related economic and financial news covering the MENA region.
 

Kuwait boosts public sector wages, hopes to address inflation

Mar 14, 2012
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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.