- Kuwait MPs ask to quiz PM over alleged corruption
Three opposition MPs on Thursday sought to question Kuwait's prime minister, accusing him of giving cash handouts to lawmakers and mismanagement in sovereign wealth fund investments. The request, filed by Riyadh al-Adasani, Abdulkarim al-Kundari and Hussein al-Mutairi, could lead to a no-confidence vote that may force Prime Minister Sheikh Jaber Mubarak al-Sabah's dismissal. The lawmakers said Kuwait's sovereign wealth fund had posted losses in recent years in a number of major foreign investments, and despite that billions of dollars more were pumped into them.
- Qatar says dispute with Gulf neighbours 'over'
Qatar's dispute with three fellow Gulf states, which withdrew their envoys from Doha last month, is "over", the Qatari foreign minister said Wednesday, while insisting his country had made no concessions. "The statement issued in Riyadh on April 17 was clear ... For the brothers in the Gulf Cooperation Council (GCC) the dispute is over," Khaled Al-Attiyah told a press conference in Kuwait after a meeting with his Kuwaiti counterpart Sheikh Sabah Khaled Al-Sabah. GCC foreign ministers met last week and announced an end to months of unprecedented tensions between Qatar and Saudi Arabia, the United Arab Emirates and Bahrain.
- Egypt issues law barring challenges to state deals
Egypt's interim President Adly Mansour on Tuesday approved a law that would restrict the right to challenge state business and real estate deals to only the government, its involved institutes and business partners, a presidency statement said. The law, long-waited by businessmen and investors, is meant, according to the presidential statement, to boost business in Egypt, badly hit since a 2011 uprising toppled autocratic president Hosni Mubarak. "The right to contest the state deals has to be from one of the state's parties...or the contracted with entities," the presidential statement said. Many state-land and business deals were revoked after they were taken to court by uninvolved persons, which harmed business confidence in the Arab world's biggest state.
- Kuwaiti telcom giant Zain posts 7.5% profit rise in Q1
Kuwaiti telecom giant Zain said Monday its net profit rose 7.5 percent on year in the first quarter of 2014, mainly on the back of returns from new technology investments. Zain announced a net profit of 55.9 million dinars ($198.9 million) in the first three months of the year compared with 52 million dinars in the same period of 2013. Zain said it secured two major loans of $800 million and $250 million in the past two months, with the latter borrowed on the basis of Islamic Murabaha. Besides Kuwait, Zain has operations in Bahrain, Iraq, Jordan, Lebanon, Saudi Arabia and Sudan.
- Kuwait newspapers ordered to close
A Kuwaiti judge orders the temporary closure of two independent newspapers for breaking a news blackout about an alleged plot to topple the emir.
- Kuwait court shuts 2 newspapers over coup articles
KUWAIT CITY (AP) — A Kuwaiti court has temporarily suspended the publication of two independent newspapers over articles about a secret probe into allegations of a coup plot to overthrow the Gulf monarchy's government, the official state news agency reported Sunday.
- Kuwait shuts papers for breaking 'coup tape' media blackout
A Kuwaiti judge Sunday ordered two newspapers to close for two weeks for breaking a news blackout on a videotape allegedly showing former senior officials plotting a coup, a legal source told AFP. Kuwait's attorney general ordered a blackout on news relating to the tape, while the royal court has called for calm. The Al-Sabah ruling family has been in power in Kuwait for more than 250 years. But since 2006, Kuwait has been rocked by a series of political disputes between the Sabah-controlled government and MPs, and occasionally between members of the ruling family.
- Kuwait orders 2 newspapers shut over coup articles
KUWAIT CITY (AP) — Kuwait's state news agency says the government has temporarily suspended the publication of two independent newspapers over articles about a secret probe into allegations of a coup plot to overthrow the Gulf monarchy's government.
- Turkish president rules out role swap with Erdogan
Turkey's president appeared to rule himself out as a potential future prime minister on Friday, saying a "Putin-Medvedev model" under which he might swap roles with Prime Minister Tayyip Erdogan was not suitable for Turkey. President Abdullah Gul's comments threw open the question of who might succeed Erdogan should he run for the presidency in an August election as expected. Gul had been seen as a potential future prime minister with Erdogan as head of state. Russia's current Prime Minister Dmitry Medvedev replaced Vladimir Putin as president in 2008, while Putin took over from Medvedev as prime minister.
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