kuwait

Kuwait’s Emir Tells New Parliament Austerity is Inevitable

KUWAIT, Dec 11 – Cutting public spending has become inevitable because of the sharp drop in oil prices, Kuwait’s emir on Sunday told a new parliament that was elected partly by voters protesting against austerity policies. Kuwait is seeking to plug a budget deficit officially projected at 9.5 billion dinars ($31 billion) for the current

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Kuwait’s Anti-Austerity Lawmakers Threaten Reform Plans

By Ahmed Hagagy KUWAIT, Dec 5  – A parliament packed with lawmakers who oppose wage cuts and taxes, and who want to keep Kuwait’s sumptuous welfare state intact, is threatening the government’s attempts to close a gaping budget deficit. Opposition candidates won about 24 out of 50 seats last month in a parliamentary election seen

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British PM Heads to Bahrain to Cement Gulf Ties Before Brexit

LONDON, Dec 5 – Prime Minister Theresa May will travel to Bahrain this week for a meeting of the Gulf Cooperation Council that she hopes will cement stronger ties with Middle Eastern countries as Britain leaves the European Union. May, who was appointed prime minister shortly after Britain voted to leave the EU at a

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Kuwait Ruler Re-appoints Prime Minister After Parliamentary Poll

KUWAIT, Nov 30 – Kuwait’s Emir reappointed Prime Minister Sheikh Jaber al-Mubarak al-Sabah on Wednesday, state news agency KUNA said, days after a parliamentary election seen as a rejection of austerity measures brought on by low oil prices. Opposition candidates are estimated to have won around 20 seats out of 50 in the Kuwaiti elections

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The Borrowing Spree

Arab Gulf oil exporters to issue more debt in 2017 By Martin Dokoupil  Arab Gulf oil exporters are likely to continue borrowing heavily from international markets over the coming years as fiscal gaps in most countries are expected to remain large with a marked recovery in oil prices not on the cards for the foreseeable future. But

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A Time for Change

Kuwait’s opposition and newcomers win 24 of 50 parliamentary seats By Abdullah Alelyan Kuwait’s November 26 parliamentary elections were by far the most controversial public voting in the country over the past decade, as many Kuwaitis refused to reelect most outgoing members of the Parliament (MPs) who are considered “government deputies.” Allegations of political money being

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Kuwait Plans to Buy 28 Boeing F-18 Jets – Official

KUWAIT, Nov 28  – Kuwait plans to buy 28 Boeing F-18 Super Hornets, a military official said on Monday, 10 days after the U.S. State Department notified Congress of the possible sale of 40 of the warplanes to the Gulf Arab state. Major General Lafi al-Azmi, chief of the military’s Armament and Procurement Authority, also

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Kuwaiti Opposition Win Big In Anti-Austerity Vote

By Sami Aboudi and Ahmed Hagagy KUWAIT, Nov 27  – Opposition candidates are estimated to have won around 20 seats out of 50 in Kuwaiti elections that saw most parliament members replaced, in a vote analysts said reflects anger at austerity measures to curb a budget deficit. The results of Saturday’s vote are likely to

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Kuwaitis Vote in Austerity-Focused Poll, Energised by Opposition

By Sami Aboudi and Ahmed Hagagy KUWAIT, Nov 26 – Kuwaitis voted on Saturday in an election energised by the participation of opposition candidates for the first time since 2012 and focused on recent government austerity measures aimed at tackling the oil-rich nation’s deficit. The parliament of Western-allied Kuwait was due to run until July

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Kuwaitis Vote in Austerity-Focused Poll, Energised by Opposition

By Sami Aboudi and Ahmed Hagagy KUWAIT, Nov 26 – Kuwaitis voted on Saturday in an election energised by the participation of opposition candidates for the first time since 2012 and focused on recent government austerity measures aimed at tackling the oil-rich nation’s deficit. The parliament of Western-allied Kuwait was due to run until July

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