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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Kuwait to name crown prince as premier: reports Wed Mar 18, 2009 11:21am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] 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 Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: U.N. panel says world should ditch dollar also on reuters Blog: What has the average value investor been buying? 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