'Great misery': Kuwait political crisis drags down economy https://ift.tt/oqITAVF, which borders Saudi Arabia and Iraq, is home to seven percent of the world's crude reserves. It has little debt and one of the strongest sovereign wealth funds worldwide. However, it suffers from constant stand-offs between elected lawmakers and cabinets installed by the ruling Al-Sabah family, which maintains a strong grip over political life, despite a parliamentary system in place since 1962.
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