VOL. XLII
No. 22
31-May-1999
KUWAIT
Kuwaiti Government Approves Foreign Investment Law
After months of procrastination and prolonged debateregarding the nature and timing of Kuwaiti economic reform (for details ofpreliminary plan see MEES, 25 January), the Kuwaiti Government announcedon 24 May that it had taken the first steps towards liberalizing the economythrough an Emiri Decree. The decree allows for foreign ownership of up to 100%of Kuwaiti firms, opening up to both direct and indirect...
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