9179
Kuwait Heading for Reforms
World Economy

Kuwait Heading for Reforms

Among the Persian Gulf nations, Kuwait is showing the most serious intent to introduce far-reaching economic reforms in the aftermath of the sustained oil price drops. Gulfnews reports.  Kuwait happens to be uniquely dependent on the oil sector for the well-being of its economy. The petroleum sector at large contributes around 90% of the treasury income, 85% of the state’s exports and 40% of gross domestic product. Among other measures, the authorities are exploring the idea of privatizing the co-op society stores. Such a development would be extraordinary as the more than 50 co-op department stores control about 70% of total retail activities in Kuwait, certainly a substantial share.

Short URL : http://goo.gl/OaaQ6u

You can also read ...

Google and Walmart are set to start a partnership through which thousands of Walmart products are offered through the Google Home voice-controlled speaker.
Lowe’s Inc the number-two US home improvement retailer,...
Lowe’s Q2 Profit Jumps 21.6%
Lowe’s Inc the number-two US home improvement retailer,...
There were rallies on Wall Street overnight due to US President Donald Trump’s comments.
Asian indexes put in mixed performances on Wednesday following...
Toshiba, Western Digital Start Talks on Memory Sale
Toshiba has begun negotiations with business partner Western...
Blackstone Explores $7b IPO of Gates Global
Private equity firm Blackstone Group LP is exploring an...
Italian 10-year yields climbed 6 basis points to  a 3-1/2-week high at 2.17%
Eurozone bond yields rose on Wednesday, with Italian yields...
Identity Fraud Soars to New Highs in UK
Cifas, the UK’s leading fraud prevention service, has released...
China Court Awards US Co. $1.5m in Court Case
A Chinese court has ordered three domestic shoemakers to pay...

Trending

Googleplus