Word: kuwait
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Dates: during 2000-2009
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...prices are falling, and the inflow of bank deposits is drying up. A decrease in new construction projects has hit financial institutions particularly hard. The Kuwait Asia Bank was started to help Asian construction companies gain a market in the gulf. But after old jobs were completed and few new ones started, Kuwait Asia's customers left...
Moreover, many firms that received bank loans in flush times have turned out to be bad credit risks whose problems have been compounded by plunging property and stock values. In Kuwait an estimated one-third of some bank portfolios are made up of loans on which borrowers are no longer making interest payments. In Saudi Arabia, only two of ten banks last year reported an increase in earnings...
Tange also attracted worldwide attention for his ambitious—and ultimately unfulfilled—plan for the development of Tokyo. He was commissioned to design for many foreign countries as well, among them Singapore, Kuwait, Italy, Australia...
...hydroelectric dam. Within 30 years, says Nam, Laos could have a generation capaciy of 12,000 MW of electricity (it currently has a production capacity of 700 MW) and exporting it to energy-hungry neighbors like Thailand and China, generating billions of dollars in revenue. "We can be like Kuwait," he says. "Kuwait pumps oil from the ground. In Laos, we are selling power made of the water from the heavens...
...weakening of Arab leadership has captured the attention of militant groups, opposition organizations, and religious fundamentalists who want to garner power in the Arab states. From the proliferating militants in Iraq, to the Kurdish demonstrations in Syria, to the Islamic jihadists in Saudi Arabia, Kuwait, and Oman, anti-government violence is rampant in the Arab World. Worst of all, Arab governments seem unable to respond with anything but more violence, or empty rhetoric. The American cowboy, if you will, has compelled the militant sheikh...