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...