kuwait orders probe into us dow chemical deal
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Kuwait orders probe into US Dow Chemical deal

Egypt Today, egypt today

Egypt Today, egypt today Kuwait orders probe into US Dow Chemical deal

Kuwait orders probe into US Dow Chemical deal
Kuwait City - Arab Today

Kuwait has asked the public prosecutor to open an investigation into a scrapped deal with US firm Dow Chemical that resulted in a $2.2 billion fine.

Citing an unnamed high-ranking source, Al-Qabas daily said the government last week sent a large number of documents to the public prosecutor all the details about the deal.
The documents included the names of officials who have been associated with the $17.4 billion joint venture, the daily said.
Kuwait and US petrochemicals giant Dow Chemical signed the deal in 2008 but the emirate unilaterally scrapped it later in the same year due to a political dispute between the government and parliament.
The International Chamber of Commerce, acting as an arbitrator, later ordered Kuwait to pay a penalty of $2.2 billion for scrapping the deal.
The government paid the fine in May 2013 although parliament had warned against making the payment before conducting a probe.
Kuwait’s move comes six months after a parliamentary probe into the case urged the government to prosecute 24 ex-officials, including two former oil ministers and several top former industry executives.
The parliamentary probe report, debated by MPs in December, charged the officials of squandering public funds and making illegal profits.

Source: Arab News

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait orders probe into us dow chemical deal kuwait orders probe into us dow chemical deal



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday