Kuwaiti trade vision 'may result in taxes'

The unprecedented shake-up in Kuwait’s ruling family should not effect the tiny, oil-rich country’s close ties to Washington, but analysts said tonight there could be significant changes in Kuwait, such as the imposition of taxes.

The emir-designate brings to power a liberal economic philosophy and a vision for turning Kuwait into a Gulf-region financial hub, returning to its pre-oil discovery heritage as a centre of trade.