Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Kuwait's emir reappoints PM to form new cabinet after parliament standoff

Published 2021-01-24, 07:00 a/m
Updated 2021-01-24, 07:06 a/m
© Reuters. New Kuwait parliament holds first session

KUWAIT (Reuters) - Kuwait's emir reappointed Sheikh Sabah al-Khalid al-Sabah as prime minister on Sunday after the cabinet resigned last week in a standoff with parliament over its vote to question the premier on issues including his choice of ministers.

Emir Sheikh Nawaf al-Ahmed al-Sabah, facing his first big political challenge since taking power in September, tasked Sheikh Sabah with nominating a new cabinet for approval, state news agency KUNA said.

The barely one month-old government had been acting in a caretaker role since it resigned over the confrontation with parliament. The situation has complicated efforts to tackle a severe liquidity crunch in the wealthy OPEC member state caused by low oil prices and the coronavirus pandemic.

Frequent rows and deadlocks between cabinet and the elected assembly have led to successive government reshuffles and dissolutions of parliament over decades, hampering investment and economic and fiscal reform.

The motion earlier this month to question Sheikh Sabah, premier since late 2019, was supported by more than 30 MPs in the 50-seat assembly in which the opposition made gains.

The motion, seen by Reuters, referred to a cabinet that did not reflect last year's legislative elections and to government “interference” in electing the speaker and members of parliamentary committees.

© Reuters. New Kuwait parliament holds first session

Kuwait has the most vibrant political system among Gulf Arab states, with a parliament able to pass, and block, legislation and question ministers. However, senior government posts are occupied by members of Kuwait's ruling family, and the emir has final say in state matters.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.