Kuwaiti group calls on government to drop Dow joint-venture plan

12/22/2008 | Google

A Kuwaiti opposition group called Popular Action Bloc is calling on the government to drop plans to invest $7.5 billion in a joint venture with Dow Chemical. The group says that since Dow Chemical's market capitalization has plummeted in the past year, the deal, involving state-owned Petrochemicals Industries Co., represents an act of squandering public funds. The group said it will quiz the prime minister in Parliament if the deal is not dropped.

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