No exit

The Dow Chemical Company has canceled its plans to exit from its investments in Kuwait, where it owns 42.5 percent of EQUATE Petrochemical Company. The US-based firm had decided in late 2014 to reduce its shares in two of the joint multibillion ventures it has with Kuwait, which are ‘MEGlobal’ and ‘Greater EQUATE.’ But those plans seem to have been changed since then, as Dow Chemical believes that investment in Kuwait has been successful, and sees the Gulf region as a whole as a promising market and has the potential to transform into a ‘force’ in the petrochemical industry, sources said. — Al-Jarida