Kuwait Stock Exchange to sack expats
Director of Kuwait Stock Exchange (KSE) Faleh Al-Roqoba has issued an official directive to various KSE departments to reduce the number of expatriate employees and increase the number of Kuwaitis to at least 75 percent of the total manpower. About 44 expats may be laid off following this directive. The Parliamentary Budgets Committee recently discussed closing account of the Social Security Authority and its subsidiary companies for the fiscal year 2013-2014. The committee chairman MP Adnan Abdul Samad said that the Audit Bureau had already made ten remarks about it.
Source: Kuwait Times