Privatisation bill approved in Kuwait

Kuwait's parliament gave initial approval to a much-delayed privatisation bill allowing the sale of some state-owned entities, including some downstream assets in the country's energy sector. Kuwait's oil and gas fields are off-limits to foreign investment and would remain so, the country's Deputy Prime Minister for Economic Affairs Sheikh Ahmad Al Fahad Al Sabah said. It was unclear which assets may be up for privatisation. Several lawmakers opposed the inclusion of any energy assets in the bill, which they say should remain under the government's control to avoid corruption.

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