ab1d7495809df3aef9f965a3f532bd3ff6cf0d24

Kuwait urges Gulf reforms as oil prices fall

Kuwait has a production capacity of over 3.2 million bpd and pumps most of its exports from the Al-Ahmadi refinery, just north of Al-ShuaibaKuwait’s finance minister on Saturday called for economic reforms by energy-dependent Gulf states to cope with a drop in oil prices that has hurt their public finances. Saleh said the Gulf states must diversify their economies and “reduce dependence on oil”. “Implementing these policies has become inevitable,” Saleh told the meeting, which International Monetary Fund managing director Christine Lagarde was also attending. Forecasts indicate a healthy economic growth for the six nations of the Gulf Cooperation Council (GCC) averaging 4.5 percent in 2014-2015, Saleh said.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article