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Email this article: Weak business laws make Kuwait punch below its weight, says World Bank
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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. Qatar, Saudi Arabia and Kuwait all ranked in the top 10, with the three nations performing especially well on the basis of their propensity to spend on imported luxury goods and healthy appetite for premium travel.
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