Economic affairs department of Kuwait News Agency (KUNA) has released the economic report for the 2014 second half, shedding light on the national affairs in the key sector.
The deputy chief editor for economic affairs, Awatef al-Hasawi, said the report includes three chapters, covering Kuwait Stock Exchange, stock trading and events' impact on the market.
In the second half of 2014, the KSE indices relatively climbed, buoyed by reports about foreign acquisition of stakes in local companies, emergence of new investment opportunities and optimism that prevailed among traders.
Optimism boosted liquidity; coupled with speculations aimed at making quick profits, ahead of the Q3 profits' declaration. The second chapter features taxation laws, role of the finance ministry and taxation statistics.
Al-Hasawi opined that "the conception taxes as a sustainable development resource" should be promoted at the national level.
The report third chapter touched on the industrial sector. She said in this respect that the relevant law, number 6 (1965), should be amended due to substantial developments in the field.