The UAE was not considering injecting money into its ailing stock markets, the country's economy minister was quoted as saying.

"We are not considering it," Sultan Al-Mansouri said in remarks carried by daily The National.

"We are a free market and we are going to keep it open. We are not going to make the same mistakes that other economies have done."    

Dubai's main index has fallen more than 65 percent this year, while Abu Dhabi's is down more than 37 percent.

Kuwait on Tuesday said it has asked the Kuwait Investment Authority to set up a fund to invest in the bourse to shore up confidence. - Reuters