Reuters top ten news stories delivered to your inbox each day.
You are here:
Business & Finance
The Great Debate
Do More With Reuters
Make Reuters My Homepage
Support (Customer Zone)
About Thomson Reuters
Kuwait to name crown prince as premier: reports
Wed Mar 18, 2009 11:21am EDT
Email | Print |
| Reprints | Single Page
KUWAIT (Reuters) - The ruler of Kuwait may appoint the crown prince, Sheikh Nawaf al-Ahmad al-Sabah, as prime minister and call parliamentary elections to try to end a long political crisis, Arab channels and lawmakers said on Wednesday.
Dubai-based Al Arabiya television, quoting unspecified sources, said elections would be held within two months.
"The semi-confirmed information we have received is that participants (at a meeting of ruling family members) agreed that Crown Prince Sheikh Nawaf should assume the post of prime minister," added the network's correspondent in Kuwait.
Al Jazeera television carried a similar report, saying the emir, Sheikh Sabah al-Ahmad al-Sabah, would issue a decree naming Sheikh Nawaf after discussing the appointment, in line with tradition, with current and former parliament speakers.
Private Kuwaiti television station Al Rai said in an unsourced alert the outgoing cabinet "had agreed on a decree to dissolve parliament and hold elections." It gave no details.
The crisis reflects an underlying conflict between the pro-Western government and Islamist members of parliament who want to question the caretaker prime minister on his management of an economic crisis and alleged misuse of public funds.
Two members of parliament who declined to be named said the crown prince, who is the ruler's brother, was likely to become prime minister but final consultations within the ruling Sabah family were still to take place on Wednesday.
"Sheikh Nawaf has agreed but has not been appointed yet," one MP told Reuters.
"The crown prince has accepted. It's most likely he will be appointed but the dissolution (of parliament) has not been decided yet," another MP said, citing sources close to the ruling family.
Monica Malik, a regional economist at investment bank EFG-Hermes, said elections may not end the crisis.
"We do not believe the new make-up of parliament will be substantially different than the recent ones, that is dominated by Islamists and tribal alliances. This will result in continued opposition to the government reform program," she said.
A diplomat said appointing the crown prince had been under discussion within the ruling family since Monday, when Kuwait's ruler accepted the resignation of the cabinet led by his nephew, Sheikh Nasser al-Mohammad al-Sabah. Sheikh Nasser's last cabinet resigned in November after a similar row.
The aim of the move would be to end a long-running dispute which has delayed economic reforms, including a $5 billion stimulus plan to deal with the global crisis. The plan includes bank guarantees that would help the battered financial sector.
There was no immediate official confirmation of the reports.
Kuwaiti shares rose 1 percent on Wednesday on hopes that the assembly, which is dominated by the Islamists, might be dissolved and the political crisis come to an end.
Kuwaiti members of parliament have a history of challenging the government. They have opposed many government plans to open up the economy and scale back a welfare state seen as an obstacle to expanding the private sector. Continued...
View article on single page
U.N. panel says world should ditch dollar
also on reuters
Blog: What has the average value investor been buying?
Investors to Starbucks: Show me the savings
Video: Bear Stearns: House of Cards
More International News
Army-backed leader cements grip in Madagascar
NATO says 4,000 extra troops needed for Afghan poll
Lebanese president rules out direct Israel talks
Austria's Fritzl admits murder and enslavement
CORRECTED: Vatican defends pope condoms stand, criticism mounts
More International News...
A selection of our best photos from the past 24 hours. Slideshow
Most Popular on Reuters
U.S. capital struggles to contain HIV epidemic
AIG CEO defends bonuses as public fury mounts | Video
AIG's Liddy says bonus payments were required | Video
U.S. to claw back AIG bonuses, lawmakers eye tax
Owners skulking away from "underwater" U.S. homes
China's last eunuch spills sex secrets
IBM in talks to buy Sun Microsystems: report
IBM in talks to buy Sun Microsystems
WRAPUP 4-U.S. Congress eyes AIG bonus tax, CEO to testify
China scuttles Coke's bid for juice maker | Video
Most Popular Articles RSS Feed
Space Shuttle docks
Natasha Richardson injured
Congress on AIG bonuses
Deadly ebola scare
Pope's anti condom AIDS stance
The weight of AIG
Japan robots hit catwalk
Entrepreneur pushes limits of slums
Global recession hits moon sales
Washington welcomes Ireland
Most Popular Videos RSS Feed
The global destination for corporate leaders, deal-makers and innovators
Knowledge to Act
Help and Contact Us |
Advertise With Us |
Interactive TV |
Reuters in Second Life |
Site Index |
Thomson Reuters Corporate:
Professional Products |
Professional Products Support |
About Thomson Reuters |
Latin America |
United Kingdom |
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.