It was the stuff that dreams, or nightmares, are made of, depending which side of the fence you sit on. Kuwait finally caved in to the demands of hundreds of citizens to write off hundreds of millions of dollars worth of loans that they have accumulated in mortgages, personal loans and car loans. To any GCC pundit, this shouldn’t come as a surprise. Here’s why, Sultan explains in this article. Read more »
Archives for 2009
Sultan on why Kuwait needs political stability to boost its economic prospects.
In 1994, Yasser Arafat, the PLO leader, arrived in the Palestinian Territories for the first time in decades and declared that he would turn Gaza into the Singapore of the Middle East. Fifteen years later it couldn’t be more different. Arafat’s prediction of Gaza being used as an example will certainly come true, but not in the way he envisioned. Read more »
Regardless of the outcome of Israel’s barbaric “Operation Cast Lead,” one thing is certain: It is high time for Hamas to step down as keeper of Gaza. Read more »