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Email this article: Weak business laws make Kuwait punch below its weight, says World Bank
Posted: Tue May 29, 2012 9:39 pm
KUWAIT. Kuwait's laws are hampering progress and the Gulf state needs to improve its insolvency laws so that distressed companies can restructure properly.
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UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
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