Gulf In Focus - Kuwait parliament allows foreign firms to operate without local sponsors.

Kuwait's parliament has approved a proposal to abolish local sponsorship for foreign companies that open branches in the Gulf state.

The move by parliament's financial and economic affairs committee is seen by analysts as a step towards encouraging foreign investment and diversifying the economy, The New Arab's Arabic-language sister service Al-Araby Al-Jadeed reported.

The proposal allows companies to operate directly without a local agent, including those bidding for government...