Economics and Policy Kuwait’s government plans to form a special committee to review subsidies on goods and services which are costing the Gulf Arab state more than $15.9 billion a year. More from Reuters Subsidised petrol and electricity programmes are causing a huge waste of energy across the Gulf and threatening economies, Oman's oil and gas minister has said. More from Reuters Companies and Business Emad Mansour, a veteran Gulf Arab banker, is planning to set up an investment bank in Dubai’s tax-free financial zone, he said Sunday, joining a list of regional bankers taking advantage of a revival in deal making and a retreat by big investment banks. More from Reuters Abu Dhabi National Energy Co is selling its 40 per cent stake in a Dutch natural gas pipeline to a Danish pension fund for $240 million as the investment no longer meets its growth strategy
