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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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INTERNATIONAL. Pretend and extend died last night, hopefully it will be replaced with a normal business cycle, normal ebbs and flows, but first politicians will try to save face by trying to do just one more round of pretend-and-extend, but the patient has died.
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