KUWAIT:
A parliamentary committee is due to vote on the law – which would allow Kuwait to tap international debt markets – today ahead of putting it to the elected assembly for approval. The law, which a parliamentary committee discussed last week, would allow it to borrow 20 billion dinars over 30 years. The finance ministry also proposed selling 2.2 billion dinars of the GRF's assets to Kuwait's other - much larger - sovereign fund, the Future Generations Fund, or borrowing from the central bank to boost state finances, the document showed.
Kuwait's 91-year-old Emir Sheikh Sabah al-Ahmad al-Sabah underwent successful surgery this morning after being admitted to hospital yesterday, his office said. His designated successor Crown Prince Sheikh Nawaf al-Ahmed al-Sabah temporarily took over some of the ruler's constitutional duties yesterday.