| 13.01.2015 - Kuwait announces $155bn infrastructure spree despite low oil prices |
| Kuwait’s government on Sunday announced plans to spend 45.5 bn dinars ($155 bn) on projects over the next five years despite the plunge in world oil prices, a lawmaker said. Parliament’s financial and economic affairs committee was assured that the sharp drop in oil revenues would not affect the projects of Kuwait, which has a massive sovereign wealth fund and invested billions of dollars in a “future generations fund”...............................................Full Article: Source |