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Article: Kuwait : Kuwait political stalemate holds up projects.
- Article from:
- TendersInfo
- Article date:
- May 13, 2009
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Byline: shiv03
Many investment projects have been cancelled or delayed in Kuwait, the world's fourth largest oil exporter, because of a crisis between the Gulf Arab state's Islamist-dominated parliament and the ruling-family run cabinet.
Kuwaitis are electing a new parliament on May 16 after the Emir, Sheikh Sabah al-Ahmad al-Sabah, dissolved the assembly to end a protracted row with cabinet that has hindered legislation and scuppered major deals.
Here is a list of the most important ones:
ENERGY SECTOR
- Cabinet cancelled a $17 billion petrochemicals joint-venture with U.S. Dow Chemicals (DOW.N) after several deputies voiced ...