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Thread: My reflation theory:

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  1. #1
    Join Date
    Mar 2008

    Default My reflation theory:

    path of least resistance always wins:

    Kuwait plans $130bn financial sector expansion

    by Ulf Laessing This email address is being protected from spam bots, you need Javascript enabled to view it on Friday, 19 September 2008
    ECONOMIC CHANGE: Kuwait wants to diversify its economy away from oil. (Getty Images)

    Kuwait is preparing a five-year plan worth $130.9 billion which aims to develop the financial sector and lure more foreign investment, state news agency KUNA said.

    The OPEC producer wants to diversify its economy away from oil by becoming a regional financial centre and attracting tourists as nearby Dubai and Bahrain have done, according to the state's 2009-2014 policy strategy plan obtained by Reuters in April.

    The plan would cost a total of 35 billion dinars to fund projects and train administration staff, Moudhi Al-Humud, the minister of state for housing and development, told KUNA late on Thursday after a cabinet meeting.


    Wouldn't it be great to get some American bankers cheap to help ramp things up?

    another good link, imho:
    Last edited by phirang; 09-19-08 at 09:04 PM.

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