Posted inKuwait

Major showdown looms as Kuwait’s coffers run dry

Kuwait’s new government and parliament face a major showdown when the National Assembly re-opens on March 18, a month after the nation’s ruler unceremoniously shut it down. Immediately at stake is the future of the oil-rich Gulf state’s finances, as a ballooning deficit and empty coffers threaten to leave public sector workers unpaid in April. […]

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