Interpreting Middle East Economic News and Analyzing Market Trends

Archive for February, 2014

Kuwait’s dysfunctional parliament is at it again, this time attempting to kill Airbus deal with Kuwait Airways

Kuwait Airways

Kuwait can’t seem to catch a break.  Every time a major project or deal is announced, the Gulf’s only elected officials step in to mess it up… all in the name if protecting the country.  This time, parliament is sticking its feet in the mud again by getting involved in the $4.4 billion Airbus deal to sell 25 aircraft to Kuwait Airways.

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In a classic case of ‘solutions create more problems,’ Kuwait MP submits plan to control growing number of expats to ‘solve the country’s problems’

Kuwait Deports ExpatsSource: Arab Times

It’s another day in Kuwait, which means it’s another day where an MP comes up with a hair-brained idea to solve a problem.  This time, an MP has come up with a solution to solve rising unemployment, crime rates, rents and traffic jams.  The one solution to solve all of these problems; get rid of some expats.

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Syrian chemical weapons to be dumped in Mediterranean between Greece and Malta with very little protest

Syrian_chemical_weapons_disposal_BBC

Source: BBC News

 

Fourteen countries are helping remove, destroy and dispose of Syria’s massive chemical weapons stockpile, yet none of these countries could agree on where to dispose of the final product.  The solution; dump them in the Mediterranean…

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