Saturday 19 April 2014

Dow wins $2bn in Kuwait project arbitration

Kuwait's Petrochemical Industries Company (PIC) must pay Dow Chemical Company $2.16 billion under an arbitrator's ruling for wrongly cancelling a planned plastics joint venture in 2008, Dow said on Thursday. The ruling against the state-r


Legal body to decide Kuwait Dow deal

Kuwait said it will refer its planned joint-venture with Dow Chemical to its legal advisors after parliamentary opposition to the multi-billion dollar deal, state news agency Kuna reported. State-run Petrochemical Industries Company (PIC)

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