Jon Gorvett
Once a premium destination for overseas investors, Turkey’s power sector has recently been struggling with the impact of lower-than-expected growth rates, partial market liberalisation and fixed, long-term natural gas contracts. Power generation firms face further stress as the economic impact of the pandemic bites. Efforts to arrange a new debt restructuring deal have been delayed by the virus and wider economic woes, casting uncertainty over future demand. However, the sector retains some high-grade assets, however, which may attract future investor interest.
Contenders in Kuwait’s line of succession
**Written and disseminated to select contacts on March 27, 2020**
Uncertainty over the line of succession is becoming an increasingly important topic for Kuwait, where political deadlock has largely prevented the ultra-wealthy and low-populated country from enacting reforms to diversify its economy and run its public finances in a more sustainable and transparent way. In the event of the passing of its ruler, Emir Sheikh Sabah (91 this year), Crown Prince (CP) Sheikh Nawaf will take power. However, at 82 years old, his reign may be short-lived. This makes the choice for CP and next-in-line for the throne highly significant.
Courtney Freer | CA Consultant | contact@castlereagh.net
